SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
FRP Properties Incorporated
(Name of Issuer)
Common Stock
(Title of Class of Securities)
302 62E 109
(CUSIP Number)
Check the following box if a fee is being paid with this statement
(check mark). (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 4 Pages
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Page 2 of 4
CUSIP NO. 302 62E 109
(1) Names of Reporting Persons S.S. or I.R.S. Identification
Nos. of Above Persons:
First Union Corporation 56-0898180
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
(3) SEC Use Only
(4) Citizenship or Place of Organization:
First Union Corporation - North Carolina
Number of Shares (5)Sole Voting Power 202,144
Beneficially (6)Shared Voting Power
Owned by Each (7)Sole Dispositive Power 57,499
Reporting Person With: (8)Shared Dispositive Power 144,645
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
202,144
(10) Check if the Aggregate Amount in Row 9 Excludes Certain Shares (See
Instructions)
[ ]
(11) Percent of Class Represented by Amount in Row 9
5.1%
(12) Type of Reporting Person (See Instructions)
First Union Corporation (HC)
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Page 3 of 4
Item 1(a) Name of Issuer:
FRP Properties Incorporated
Item 1(b) Address of Issuer's Principal Executive Office:
155 East 21st Street
Jacksonville, FL 32201
Item 2(a) Name of Person Filing:
First Union Corporation
Item 2(b) Address of Principal Office:
One First Union Center
Charlotte, North Carolina 28288
Item 2(c) Citizenship:
First Union Corporation - North Carolina
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
302 62E 109
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-
2(b), check whether the person filing is a:
(g) [X] Parent Holding Company, in accordance with section
240.13d-1(b) (ii) (G)
Item 4 Ownership:
(a) Amount Beneficially Owned: 202,144
(b) Percent of Class: 5.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 202,144
(ii) Shared power to vote or to direct the vote
(iii) Sole power to dispose or to direct the
disposition of 57,499
(iv) Shared power to dispose or to direct the
disposition of 144,645
Item 5 Ownership of Five Percent or Less of a Class:
Not applicable
Item 6 Ownership of More Than Five Percent on Behalf of Another Person:
Not applicable
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Page 4 of 4
Item 7 Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company:
First Union National Bank of Florida (BK) 59-2216636
Evergreen Asset Management Group (IA) 13-2682544
Item 8 Identification and Classification of Members of the Group:
Not applicable
Item 9 Notice of Dissolution of Group:
Not applicable
Item 10 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
Date February 13, 1995
Signature
Dorothy F. Crowe Assistant Vice President & Compliance Officer
Exhibit
First Union Corporation is filing this schedule pursuant to Rule 13d-
1(b)(ii)(G) as indicated under Item 3(g). The relevant subsidiary is First
Union National Bank of Florida (BK) and Evergreen Asset Management Group (IA).
