UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
First Financial Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
0-5559
(CUSIP Number)
David W. Mann, PO Box 8436, Waco, TX 76714, (817)757-2424
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 22, 1996
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Schedule 13D, and is filing this schedule
because of Rule 13d-1(b)(3) or (4), check the following
box.--NOT APPLICABLE.
Check the following box if a fee is being paid with the
statement. NO FEE BEING PAID. (A fee is not required
only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more
than five percent of the class of securities described in
Item 1; and (2) has filed no amendment subsequent thereto
reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
Note: Six copies of this statement, including all
exhibits, should be filed with the Commission. See Rule
13d-1(a) for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for
a reporting person's initial filing on this form with
respect to the subject class of securities, and for any
subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover
page shall not be deemed to be "filed" for the purpose of
Section 18 of the Securities Exchange Act of 1934 ("Act")
or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
SCHEDULE 13D
CUSIP No. 0-5559 Page 2 of 4 Pages
1. NAME OF REPORTING PERSON
S. S. OR I. R. S. IDENTIFICATION NO. OF ABOVE PERSON
David W. Mann SS # ###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Not a member of a group.
3. SEC USE ONLY
4. SOURCE OF FUNDS*
N/A
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
Not required.
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH
7. SOLE VOTING POWER
102,075
8. SHARED VOTING POWER
0
9. SOLE DISPOSITIVE POWER
92,820
10. SHARED DISPOSITIVE POWER
9,255
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
102,075
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
Not applicable.
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
58.8%
14 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDES BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS
1-7
(INCLUDES EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
AMENDMENT NO. 7
SCHEDULE 13D
Item 1. Security and Issuer.
The class of securities to which this statement relates is
the common stock of First Financial Corporation, a Texas
corporation ("First Financial") whose principal executive
offices are located at 800 Washington Avenue, Waco, Texas
76703.
Item 2. Identity and Background.
David W. Mann is an individual whose business address is
800 Washington Avenue, Waco, Texas 76703. Mr. Mann's
principal occupation is President of First Financial,
whose address is 800 Washington Avenue, Waco, Texas 76703;
President of First Preference Mortgage Corp., whose
address is 800 Washington Avenue, Waco, Texas 76703; and
Senior Vice President, Citizens State Bank, Woodville,
Texas, whose address is P. O. Box 109, Woodville, Texas
75979. Mr. Mann is also an officer and director of
certain insurance agencies and companies and holds
positions with numerous other entities. Mr. Mann has not
during the last five years been convicted in any criminal
proceedings and has not been a party to a civil proceeding
of a judicial or administrative body of competent
jurisdiction resulting in any judgment, decree or final
order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state
securities laws or finding any violation with respect to
such laws. Mr. Mann is a United State citizen.
Item 3. Source and Amount of Funds or Other
Consideration.
Not applicable.
Item 4. Purpose of Transaction.
The purpose of this amendment is to report the expiration
on July 22, 1996, of employee stock options held by David
W. Mann on 10,910 share of First Financial common stock.
Item 5. Interest in Securities of the Issuer.
After the termination of the options referred to above,
David W. Mann is the beneficial owner of 102,075 share of
common stock of First Financial, or 58.8% of the
outstanding shares, calculated in accordance with Rule
13d-3(d)(1) and exercises sole voting and sole dispositive
power over 92,820 of the shares beneficially owned, and
sole voting and shared dispositive power over 9,255 of the
shares beneficially owned.
Item 6. Contracts, Arrangements, Understandings, or
Relationships with Respect to the Securities of Issuer.
Not applicable.
Item 7. Material to be Filed as Exhibits.
Not applicable.
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.
Dated: July 30, 1996
David W. Mann
David W. Mann
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<CASH> 974,275
<SECURITIES> 310,382
<RECEIVABLES> 1,164,663
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 1,909,414
<DEPRECIATION> 1,052,160
<TOTAL-ASSETS> 8,233,708
<CURRENT-LIABILITIES> 0
<BONDS> 0
0
0
<COMMON> 1,000
<OTHER-SE> 3,041,493
<TOTAL-LIABILITY-AND-EQUITY> 8,233,708
<SALES> 0
<TOTAL-REVENUES> 2,674,863
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 2,614,409
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 60,454
<INCOME-TAX> 0
<INCOME-CONTINUING> 60,454
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 111,322
<EPS-PRIMARY> .56
<EPS-DILUTED> .56
</TABLE>
