HUNTINGTON TRUST CO N A
3, 1997-03-03
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- --------                                       UNITED STATES SECURITIES AND EXCHANGE COMMISSION        -----------------------------
 FORM 3                                                WASHINGTON, D.C. 20549                                   OMB APPROVAL        
- --------                                                                                               -----------------------------
                                       INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES          OMB Number:       3235-0104 
                                                                                                        Expires: September 30, 1998 
                              Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,   Estimated average burden    
                                 Section 17(a) of the Public Utility Holding Company Act of 1935 or     hours per response .... 0.5 
(Print or Type Responses)                Section 30(f) of the Investment Company Act of 1940           -----------------------------
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1. Name and Address of Reporting Person*         2. Date of Event Re-   4. Issuer Name AND Ticker or Trading Symbol
                                                    quiring Statement
     THE HUNTINGTON TRUST COMPANY, N.A.             (Month/Day/Year)            THE RAYMOND CORPORATION/RAYM
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    (Last)          (First)          (Middle)           2/18/97         5. Relationship of Reporting Person(s) 6. If Amendment, Date
                                                 -----------------------    to Issuer (Check all applicable)      of Original
                                                 3. IRS or Social Se-       Director         X 10% Owner         (Month/Day/Year)
                                                    curity Number of    ----               ----                                    
     41 SOUTH HIGH STREET                           Reporting Person        Officer (give      Other (specify  ---------------------
- -------------------------------------------------   (Voluntary)              title below)       below)         7. Individual or
                    (Street)                                            ----               ----                   Joint/Group Filing
                                                                                                                  (Check Applicable
                                                                                                                   Line)
                                                                           ---------------------------            Form filed by One
                                                                                                                X Reporting Person
                                                                                                               ---                  
                                                                                                                  Form filed by
                                                                                                                  More than One
                                                                                                                  Reporting Person
     COLUMBUS         OHIO             43215                                                                   --- 
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    (City)          (State)            (Zip)                                TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED

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1. Title of Security                              2. Amount of Securities       3. Ownership        4. Nature of Indirect Beneficial
   (Instr. 4)                                        Beneficially Owned            Form: Direct        Ownership (Instr. 5)
                                                     (Instr. 4)                    (D) or Indirect
                                                                                   (I)  (Instr. 5)
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   Common Stock,
     $1.50 Par Value                                        0(1)                        N/A                       N/A
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.                 (Over)
* If the form is filed by more than one reporting person, SEE Instruction 5(b)(v).                                 SEC 1473 (7-96)
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FORM 3 (CONTINUED)   TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE
                                SECURITIES)
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1. Title of Derivative Security    2. Date Exer-  3. Title and Amount of Securities   4. Conver-   5. Owner-   6. Nature of Indirect
   (Instr. 4)                         cisable and    Underlying Derivative Security      sion or      ship        Beneficial
                                      Expiration     (Instr. 4)                          Exercise     Form of     Ownership
                                      Date                                               Price of     Deriv-      (Instr. 5)
                                     (Month/Day/                                         Deri-        ative
                                      Year)                                              vative       Security:
                                   --------------------------------------------------    Security     Direct
                                                                             Amount                   (D) or
                                    Date     Expir-                          of                       Indirect
                                    Exer-    ation           Title           Number                   (I)
                                    cisable  Date                            of
                                                                             Shares                 (Instr. 5)
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Explanation of Responses:


                                                                              /s/ Ronald James Corn

                                                                          Trust Compliance Legal Officer            2/28/97
                                                                       -------------------------------------  ----------------------
**Intentional misstatements or omissions of facts constitute Federal      **Signature of Reporting Person             Date
  Criminal Violations.  SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
      SEE Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB Number.                                                  Page 2
                                                                                                                   SEC 1473 (7-96)
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(1) As indicated in the Statement on Schedule 13D dated February 19, 1997, 
filed by the Reporting Person with respect to the common stock of the Issuer, 
the Reporting Person beneficially owns 1,031,559 shares of common stock of 
the Issuer for purposes of Section 13(d) of the Securities and Exchange Act 
of 1934, as amended (the "Exchange Act").  This represents approximately 
13.9% of the issued and outstanding common stock of the Issuer.  It should be 
noted and is indicated on the above referenced Schedule 13D that the above 
numbers include shares subject to Schedules 13D filed by others.  The 
Reporting Person, however, is not the "beneficial owner" of the common stock 
of the Issuer for purposes of Regulation 240.16a-1(a)(2) promulgated under 
the Exchange Act because the Reporting Person has no pecuniary interest in 
the common stock of the Issuer.  The Reporting Person does not concede that 
it is, for purposes of Section 16 of the Exchange Act, the beneficial owner 
of the equity securities covered by this Form 3.



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