FIRST UNION CORP
SC 13G, 1995-04-05
NATIONAL COMMERCIAL BANKS
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                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549
                                  Schedule 13G

                   Under the Securities Exchange Act of 1934
                             (Amendment No.  1  )*


                                CB Bancshares Inc
                                (Name of Issuer)

                         $1.00 Par Value Common Stock
                         (Title of Class of Securities)

                                  124 785 106
                                (CUSIP Number)

    Check the following box if a fee is being paid with this statement [].  (A
fee is not required only if the filing 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.) 


    * 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 the disclosures provided in a prior cover page. 


    The information required in 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).


                      (Continued on the following page(s))
                              Page 1 of 3  Pages

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                                                                     Page 2 of 3





CUSIP NO. 124 785 106

(1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
    Persons: 
    Lieber & Company          13-2639722


(2)  Check the Appropriate Box if a Member of a Group (See Instructions)
      (a)  [ ]
      (b)  [x]


(3)    SEC Use Only


(4)   Citizenship or Place of Organization:

      New York

      Number of Shares              (5)Sole Voting Power              136,200
      Beneficially                  (6)Shared Voting Power              4,600
      Owned by Each                 (7)Sole Dispositive Power         140,800
      Reporting Person With:        (8)Shared Dispositive Power             0

(9)  Aggregate Amount Beneficially Owned by Each Reporting Person

      140,800

(10) Check if the Aggregate Amount in Row 9 Excludes Certain Shares (See 
Instructions)
      [ ]


(11)   Percent of Class Represented by Amount in Row 9

       3.96%

(12)   Type of Reporting Person (See Instructions)

       Lieber & Company (IA)

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                                                                    Page 3 of 3






CERTIFICATION:

    By signing below, I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.

SIGNATURE:


    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.

FIRST UNION CORPORATION

March 28, 1995
Date


Signature

Dorothy F. Crowe Assistant Vice President & Compliance Officer







Name of Reporting Person and S.S. or I.R.S. Identification No. of Above Person:


Lieber & Company (IA)             13-2639722
Evergreen Asset Management        13-2682544




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