UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
/ / Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person (If the form is filed by more than one
reporting person, see Instruction 4(b)(v).):
Name (Last/First/Middle): Howell Mark D.
Address (Street) : 79 South Main, 10th floor
Address (City/State/Zip): Salt Lake City UT 84111
2. Issuer Name and Ticker Symbol: First Security Corporation (FSCO)
3. IRS or Social Security Number of Reporting Person (Voluntary):
4. Statement for Month/Year: May 1999
5. If Amendment, Date of Original (Month/Day/Year):
6. Relationship of Reporting Person(s) to Issuer (Check all applicable):
/ / Director
/x/ Officer (give title): Executive Vice President Business Banking Services
/ / 10% owner
/ / Other (specify):
7. Individual or Joint/Group Filing (Check Applicable Line):
/x/ Form filed by One Reporting Person
/ / Form filed by More than One Reporting Person
<TABLE>
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<CAPTION>
|1. |2. |3. |4. |5. |6. |7. |
|Title of Security |Trans- |Trans- |Securities: |Amount of |Ownership |Nature of Indirect |
|(Instr.3) |action |action |Acquired (A) |Securities |Form: |Beneficial Ownership |
| |Date |Code |Disposed of (D) |Beneficially |Direct (D) |(Instr.4) |
| | |(Instr8)|(Instr.3,4,5) |Owned at |Indirect (I) | |
| | | | |End of Month |(Instr.4) | |
| |MM/DD/YY|Code |V |Amount |A/D |Price |(Instr.3,4) | | |
<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
|-------------------------------|--------|-----|--|-----------|----|-------|-------------|-------------|---------------------------|
Common Stock 05/24/99 G V 524 A 18 9/16 D*
|-------------------------------|--------|-----|--|-----------|----|-------|-------------|-------------|---------------------------|
Common Stock 05/24/99 G V 524 A 18 9/16 D*
|-------------------------------|--------|-----|--|-----------|----|-------|-------------|-------------|---------------------------|
Common Stock 05/24/99 G V 524 A 18 9/16 D*
|-------------------------------|--------|-----|--|-----------|----|-------|-------------|-------------|---------------------------|
Common Stock 05/24/99 G V 524 A 18 9/16 I Son-John
|-------------------------------|--------|-----|--|-----------|----|-------|-------------|-------------|---------------------------|
Common Stock 05/24/99 G V 524 A 18 9/16 I Son-James
|-------------------------------|--------|-----|--|-----------|----|-------|-------------|-------------|---------------------------|
Common Stock 05/24/99 G V 524 A 18 9/16 I Son-Brian
|-------------------------------|--------|-----|--|-----------|----|-------|-------------|-------------|---------------------------|
Common Stock 05/24/99 G V 524 A 18 9/16 I Son-Paul
|-------------------------------|--------|-----|--|-----------|----|-------|-------------|-------------|---------------------------|
Common Stock 05/24/99 G V 524 A 18 9/16 7,631.12** I Daughter-Lorri Beth
|-------------------------------|--------|-----|--|-----------|----|-------|-------------|-------------|---------------------------|
* 524 Directly owned with Christine
524 Directly owned with Mark
524 Directly owned with Serhiy
** 5,011.12 Directly Owned
2,620 Indirectly Owned
<FN>
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
</TABLE>
<TABLE>
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<CAPTION>
|1. |2. |3. |4. |5. |6. |7. |8. |9. |10. |11. |
|Title of |Conver- |Trans- |Trans- |Number of |Date Exercisable |Title and |Price |Number |Ownership |Nature of |
|Derivative |sion or |action |action |Derivative |& |Amount of |of |of |Form of |Indirect |
|Security |Exercise|Date |Code |Securities: |Expiration Date |Underlying |Deriv. |Deriv. |Derivative |Indirect |
|(Instr.3) |Price | |(Instr8)|Acquired (A) | |Securities |Security|Sec's |Security: |Beneficial |
| |of | | |Disposed (D) | |(Instr.3,4) |(Instr5)|Benefic.|Direct (D) |Ownership |
| |Deriva- | | |(Instr.3,4,5)|Date |Expira- | |Amount| |Owned at|Indirect(I)|(Instr.4) |
| |tive | | | |Exercis-|tion | |or | |End of |(Instr.4) | |
| |Security| | | |able |Date | |Number| |Month | | |
| | |MM/DD/YY|Code |V |(A) |(D) |MM/DD/YY|MM/DD/YY|Title |Shares| |(Instr4)| | |
<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
|--------------|--------|--------|-----|--|------|------|--------|--------|-------|------|--------|--------|-----------|-----------|
|--------------|--------|--------|-----|--|------|------|--------|--------|-------|------|--------|--------|-----------|-----------|
|--------------|--------|--------|-----|--|------|------|--------|--------|-------|------|--------|--------|-----------|-----------|
|--------------|--------|--------|-----|--|------|------|--------|--------|-------|------|--------|--------|-----------|-----------|
|--------------|--------|--------|-----|--|------|------|--------|--------|-------|------|--------|--------|-----------|-----------|
|--------------|--------|--------|-----|--|------|------|--------|--------|-------|------|--------|--------|-----------|-----------|
|--------------|--------|--------|-----|--|------|------|--------|--------|-------|------|--------|--------|-----------|-----------|
|--------------|--------|--------|-----|--|------|------|--------|--------|-------|------|--------|--------|-----------|-----------|
</TABLE>
Explanation of Responses:
/s/ Mark D. Howell June 4, 1999
__________________________________________________________ __________________
**Signature of Reporting Person
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C 1001 and 15 U.S.C. 78ff(a).
