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FORM 5
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/ / Check box if no U.S. SECURITIES AND EXCHANGE COMMISSION
longer subject to WASHINGTON, DC 20549
Section 16. Form
4 or Form 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
obligations may
continue. See Filed pursuant to Section 16(a) of the Securities
Instruction 1(b) Exchange Act of 1934,
/ / Form 3 Holdings Section 17(a) of the Public Utility
Reported Holding Company Act of 1935 or Section 30(f) of
/ / Form 4 the Investment Company Act
Transactions Reported 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 |
| CAMPBELL EUNICE R | quiring Statement | METALINE MINING & LEASINGCOMPANY |
| | (Month/Day/Year) | |
|----------------------------------------| 12/19/98 |---------------------------------------------------------------|
| (Last) (First) (MI) |---------------------|5.Relationship of Reporting Person to Issurer|6.If Amendment, |
| 301 SOUTH CHESTNUT, #7 |3.IRS or Social Se- | (Check all applicable) | Date of Original|
| | curity Number of | _X_ Director ___ 10% Owner | (Month/Day/Year)|
|----------------------------------------| Reporting Person | _X_ Officer (give ___ Other (specify | |
| (Street) | (Voluntary) | title below) below) |-----------------|
| | | |7. Individual or |
| | ###-##-#### | TREASURER | Joint/Group |
| | | | Filing (Check |
| | | | applicable line)|
| | | |_X_ Form filed by|
| SPOKANE, WA 99201 | | | One Reporting |
|----------------------------------------|---------------------|----------------------------------------------| Person |
| (City) (State) (Zip) | |___ Form filed by|
| | TABLE I - Non-Derivative Securities Acquired, | More than One |
| | Disposed of, or Beneficially Owned | Reporting Person|
__________________________________________________________________________________________________________________________________|
1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of Securi- |6.Dir |7.Nature of Indirect |
|Transaction| or Disposed of (D) | ties Beneficially |ect | Beneficial Ownership |
|Date |Code| | Owned at End of |(D)or | |
| | | | A/| | Issuer's Fiscal |Indir | |
| | | Amount | D | Price | Year |ect(I)| |
__________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON STOCK |12/23/96| J | 150,000 | A | $.001 | 479,000 | D | N/A |
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COMMON STOCK | 8/06/97| J | 36,000 | A | $.001 | 515,000 | D | N/A |
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Reminder: Report of a separate line for each class securities owned directly
or indirectly.
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned
__________________________________________________________________________________________________________________________________|
1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of Securi- |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | ties Beneficially |ect | Beneficial Ownership |
|Date |Code| | Owned at End of |(D)or | |
| | | | A/| | Issuer's Fiscal |Indir | |
| | | Amount | D | Price | Year |ect(I)| |
__________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON STOCK |12/31/97| J | 80,000 | A | $ .01 | 595,000 | D | N/A |
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_______________________________________________________________________________________________________________________________|
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Explanation of Responses:
/s/ EUNICE R. CAMPBELL
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**Signature of Reporting Person Date
**Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
