SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
Name of Issuer: Allis-Chalmers Corporation
Title of Class of Securities: Common Stock, Par $.15
CUSIP Number: 019645 407
Date of Event Which Requires Filing of this Statement:
September 30, 1998
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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).
CUSIP No. 019645 407
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Firstar Trust Company
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
State of organization: Wisconsin
NUMBER OF 5. SOLE VOTING POWER
SHARES None
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY None
EACH 7. SOLE DISPOSITIVE POWER
REPORTING None
PERSON 8. SHARED DISPOSITIVE POWER
WITH None
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
12. TYPE OF REPORTING PERSON*
BK
Item 1
(a) Name of Issuer:
Allis-Chalmers Corporation
(b) Address of Issuer's Principal Executive Offices:
1126 S. 70th Street
West Allis, Wisconsin 53214
Item 2
(a) Name of Person Filing:
Firstar Trust Company
(b) Address of Principal Business Office or, if none, Residence:
777 E. Wisconsin Avenue
Milwaukee, Wisconsin 53202
(c) Citizenship:
State of organization: Wisconsin
(d) Title of Class of Securities:
Common Stock, Par $.15
(e) CUSIP Number:
019645 407
Item 3. If this statement is filed pursuant to sections
240.13d-1(b) or 240.13d-2(b) or (c), check whether the person
filing is a:
(a) [ ] Broker or dealer registered under section 15 of the
Act (15 U.S.C. 78o)
(b) [x] Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c)
(c) [ ] Insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c)
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act (15 U.S.C. 80a-8)
(e) [ ] An investment adviser in accordance with section
240.13d-1(b)(1)(ii)(E)
(f) [ ] An employee benefit plan or endowment fund in
accordance with section 240.13d-1(b)(1)(ii)(F)
(g) [ ] A parent holding company or control person in
accordance with section 240.13d-1(b)(ii)(G)
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C. 1813)
(i) [ ] A church plan that is excluded from the definition of
an investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3)
(j) [ ] Group in accordance with section 240.13d-1(b)(1)(ii)(J)
Item 4. Ownership:
(a) Amount beneficially owned as of September 30, 1998:
None
(b) Percent of class:
0%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
None
(ii) Shared power to vote or to direct to the vote:
None
(iii) Sole power to dispose or to direct the disposition of:
None
(iv) Shared power to dispose or to direct the disposition of:
None
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [x].
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the Parent
Holding Company.
Not Applicable
Item 8. Identification and Classification of Members of the
Group.
Not Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certification.
Not Applicable
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.
Date: September 30, 1998
FIRSTAR TRUST COMPANY
By: /s/ Howard H. Hopwood
Name/Title: Howard H. Hopwood, Cashier
