PIKEVILLE NATIONAL CORP
10-Q/A, 1995-07-05
NATIONAL COMMERCIAL BANKS
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               SECURITIES AND EXCHANGE COMMISSION
                      WASHINGTON, DC. 20549
                                
                           FORM 10-Q/A
                                
                                
  [X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                   SECURITIES EXCHANGE ACT OF 1934

               For the quarterly period ended March 31, 1995
                                
                                       or

 [  ]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                               THE
                   SECURITIES EXCHANGE ACT OF 1934

               For the transition period from_________to_________

                    Commission file number 0-11129

                 PIKEVILLE NATIONAL CORPORATION
     (Exact name of registrant as specified in its charter)
                                
          Kentucky                                61-0979818
(State   or  other  jurisdiction  of              (I.R.S. Employer
 incorporation or organization)                    Identification No.)

          208 North Mayo Trail
               P.O. Box 2947
          Pikeville, Kentucky                          41501
(address of principal executive officer)               (Zip Code)

     Registrant's telephone number             (606) 432-1414

      Indicate by check mark whether the registrant (1) has filed
all  reports required to be filed by Section 13 or 15(d)  of  the
Securities  Exchange Act of 1934 during the preceding  12  months
(or  for such shorter period that the registrant was required  to
file   such   reports)  and  (2)  has  been  subject  to   filing
requirements for the past 90 days.  Yes X No

      Indicate  the number of shares outstanding of each  of  the
issuer's  classes  of  common stock, as of the  latest  practical
date.

      Common  stock - 7,977,247 shares outstanding at March   31,
1995
<PAGE>


PART II - OTHER INFORMATION


Item 6.  Exhibits and Reports on Form 8-K
     a.  Exhibits
         Exhibit 27.  Financial Data Schedule

     b.  Reports on Form 8-K
         No reports have been filed on form 8-K
         during this quarter.
                                
                                
<PAGE>                                
                                
                           SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act
of 1934, the Corporation has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.


                 PIKEVILLE NATIONAL CORPORATION
                               by
                                
                                
                                

Date:  July  5, 1995               Richard M. Levy
                                   Richard M. Levy
                                   Senior Vice President
                                   Principal Financial Officer




<TABLE> <S> <C>

<ARTICLE> 5
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-31-1995
<PERIOD-END>                               MAR-31-1995
<CASH>                                           64321
<SECURITIES>                                    420307
<RECEIVABLES>                                   923849
<ALLOWANCES>                                     12192
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 74494
<PP&E>                                           62064
<DEPRECIATION>                                   22250
<TOTAL-ASSETS>                                 1470761
<CURRENT-LIABILITIES>                          1252469
<BONDS>                                         102749
<COMMON>                                         39886
                                0
                                          0
<OTHER-SE>                                       75657
<TOTAL-LIABILITY-AND-EQUITY>                   1470761
<SALES>                                          28157
<TOTAL-REVENUES>                                 30644
<CGS>                                                0
<TOTAL-COSTS>                                    26158
<OTHER-EXPENSES>                                 12499
<LOSS-PROVISION>                                  1046
<INTEREST-EXPENSE>                               13659
<INCOME-PRETAX>                                   3440
<INCOME-TAX>                                      1014
<INCOME-CONTINUING>                               2426
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                      2426
<EPS-PRIMARY>                                      .31
<EPS-DILUTED>                                      .31
        

</TABLE>


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