UNITED
STATES SECURITIES AND
EXCHANGE COMMISSION
Washington, D.
C. 20549
SCHEDULE 13
G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT
TO RULES 13d-1(b),(c), AND (d) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE
13d-2(b)
Amendment No.
__Final_
FEDERAL AGRICULTURAL MORTGAGE
CORPORATION Name
of Issuer
____________CLASS
C_________
Title of Class of
Securities
__________31314830___________
CUSIP Number
________December 31,
1998_____
Date of Event Which Requires Filing of This
Statement
Check the appropriate box to designate the rule
pursuant to which this Schedule is filed:
[X] Rule 13d-1(b) [ ] Rule 13d-1(c) [
] Rule 13d-1(d)
CUSIP NO. 31314830 13G
Page 1 of
4
1. NAMES OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON (ENTITIES ONLY)
Gofen and Glossberg, L.L.C.
36-4143109
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP* [a]
[ ]
[b] [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware limited liability company
NUMBER OF 5. SOLE VOTING POWER
SHARES
- -0-
BENEFICIALLY 6. SHARED
VOTING POWER OWNED BY
- -0-
EACH 7. SOLE
DISPOSITIVE POWER
REPORTING 181,800
PERSON 8. SHARED
DISPOSITIVE POWER
WITH -0-
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON
181,800 as of December 31, 1998
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(9) EXCLUDES CERTAIN
SHARES*
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW 9
5.87% of 3,092,000 shares
outstanding as of November 31, 1998
12. TYPE OF REPORTING PERSON*
IA
CUSIP NO. 31314830 13G
Page 2 of 4
Item 1(a) Name of Issuer:
Federal Agricultural Mortgage Corporation
Item 1(b) Address:
919 18th Street, N.W., Suite 200
Washington, D.C. 20006
Item 2(a) Name of Person
Filing:
Gofen and Glossberg, L.L.C.
Item 2(b) Address:
Gofen and Glossberg, L.L.C.
455 Cityfront Plaza,
Suite 3000 Chicago,
Illinois 60611
Item 2(c) Citizenship:
Delaware limited
liability company Item 2(d)
Title of Class of Securities:
Class C
Item 2(e) CUSIP Number:
31314830
Item 3.If This Statement is Filed Pursuant to
Rule 13d1(b), or 13d-2(b) or (c),
Check Whether the Person Filing is a:
(a) [ ] Broker or dealer registered
under Section 15 of the Exchange Act.
(b) [ ] Bank as defined in Section 3(a)
(6) of the Exchange Act.
(c) [ ] Insurance company as
defined in
Section 3 (a) (19) of the Exchange Act.
(d) [ ] Investment company
registered under Section 8 of the
Investment Company Act.
(e) [X] An investment adviser in accordance
with
Rule 13d-1 (b) (1) (ii) (E);
(f) [ ] An employee benefit plan or
endowment fund in accordance with
Rule 13d-1 (b) (1) (ii) (F);
(g) [ ] A parent holding company or
control person in accordance with
Rule 13d-1 (b) (1) (ii) (G);
CUSIP NO. 31314830 13G
Page 3 of 4
(h) [ ] A savings association as
defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [ ] A church plan that is
excluded from the definition of
an investment company under
Section 3(c) (14) of the Investment
Company Act;
(j) [ ] Group, in accordance with
Rule 13d-1 (b) (1) (ii) (J).
If this statement is filed pursuant to
Rule 13d-1 (c), check this box. [
]
Item 4. Ownership.
Provide the following information
regarding the aggregate number and percentage of
the class of securities of the issuer identified
in Item 1.
(a)Amount beneficially owned:
______181,800____________________________
___________ _____________
(b)Percent of class:
______5.87% of 3,092,000 shares
outstanding as of November 31,
1998_______
(c)Number of shares as to which such person has:
(i)Sole power to vote or to direct the
vote _______ -0-__________
(ii) Shared power to vote or to direct the vote
________-0-___________
(iii) Sole power to dispose or to direct the
disposition of ___181,800____
(iv) Shared power to dispose or to direct the
disposition of _____-0-____
Item 5 Ownership of Five Percent or Less
of a Class:
[X]
Note that in 1998 Gofen and
Glossberg, L.L.C. filed a Schedule
13G under the belief that it
beneficially owned more than 5% of
the voting shares of Issuer.
Gofen and Glossberg, L.L.C. later
determined that it owned Class C
shares of the issuer which are
non-voting shares. Accordingly,
Gofen and Glossberg, L.L.C. is filing
this Schedule 13G as a final
amendment.
Item 6 Ownership of More than Five
Percent on Behalf
of Another Person: N/A
Item 7 Identification and
Classification of
N/A
the Subsidiary which Acquired the
Security Being Reported on the
Parent Holding Company:
Item 8 Identification and
Classification of Members
of the Group: N/A
CUSIP NO. 744375106 13G
Page 4 of 4
Item 9 Notice of Dissolution
of Group: N/A
Item 10 Certification:
By signing below, I certify that, to
the best of my knowledge and belief,
the securities referred to above
were acquired and are held in
the ordinary course of business and
were not acquired and are not held
for the purpose of or with the effect
of changing or influencing the control
of the issuer of such securities
and were not acquired and are not
held in connection with or as a
participant in any transaction
having that purpose or effect.
After reasonable inquiry and to the
best of my knowledge and belief,
I certify that the information
set forth in this statement is true,
complete and correct.
Date: February 11, 1999
Signature:___/S/___Joseph B.
Glossberg______
Name/Title: Joseph B. Glossberg, Member
fileserver/dlr/reich/gofen/13g FAMC 1999
