SECURITIES AND EXCHANGE COMMISSION
"Washington, DC 20549"
Schedule 13-G
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
Check the following box if a fee is being paid with this statement
. (A
fee id 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 I; 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 following page(s))
Page 1 of 4 Pages
CUSIP No. 438092 10 8 13G Page 2
of 4 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Stanley Foundation I.R.S. ID #42-6071036
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Iowa
5 SOLE VOTING POWER
NUMBER OF
"1,424,052"
SHARES
6 SHARED VOTING POWER
BENEFICIALLY
- 0 -
OWNED BY
7 SOLE DISPOSITIVE POWER
EACH
"1,424,052"
REPORTING
8 SHARED DISPOSITIVE POWER
PERSON WITH
- 0 -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
"1,424,052"
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.62 %
12 TYPE OF REPORTING PERSON
CO
* SEE INSTRUCTION BEFORE FILLING OUT !
SCHEDULE 13G
Item 1(a). Name of issuer: HON INDUSTRIES Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
414 East Third Street
"Muscatine, Iowa 52761"
Item 2(a). Name of Person Filing: The Stanley
Foundation
Item 2(b). "Address or Principal Business Office or, if none,"
Residence: 209 Iowa Avenue
"Muscatine, IA 52761"
Item 2(c). Citizenship: Not Applicable
Item 2(d). Title of Class of Securities: Common
Stock
Item 2(e). CUSIP Number: 438092 10 8
Item 3. Rule 13d-1(b) Entitiy: Not Applicable
Item 4. "Ownership as of December 31, 1997:"
(a) Amount Beneficially Owned: "
1,424,052"
(b) Percent of Class
4.62 %
(c) Number of shares as to which such
person has:
( i ) sole power to vote or to direct
the vote "
1,424,052"
( ii ) shared power to vote or to direct
the vote - 0
- -
(iii ) sole power to dispose or to
direct the disposition of.
"
1,424,052"
( iv ) shared power to dispose or to
direct the disposition of.
- 0 -
SCHEDULE 13-G
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
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
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 October 26, 1998" Dana W. Pittman
Secretary