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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_______________
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )(1)
Mid State Raceway Inc
______________________
(Name of Issuer)
Common Stock
______________________________________
(Title of Class of Securities)
595492109
_____________
(CUSIP Number)
December 31, 1998
__________________
(Date of Event which Requires
Filings of this Statement)
Page 1 of 2 Pages
Check the appropriate box to designate the rule pursuant to which the Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
____________________
(1) 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).
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CUSIP No. 595492109 13G Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
ABN AMRO Incorporated
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: [13-3227945]
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA (A NEW YORK CORPORATION)
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NUMBER OF 5 SOLE VOTING POWER
SHARES N/A
---------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY N/A
---------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING N/A
---------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH N/A
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,400
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.58%
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12 TYPE OF REPORTING PERSON*
Broker/Dealer (BD)
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 4 Pages
13G FILING
ITEM 1. A) Name of Issuer:
Mid-State Raceway Inc
B) Address of Issuer's Principal Executive Offices:
PO Box 860
Vernon, NY 13476
ITEM 2. A) Name of Person Filing:
ABN AMRO Chicago Corporation
B) Address of Principal Business Office:
208 S. LaSalle Street,
Chicago Illinois 60604
C) Citizenship:
USA ( A New York Corporation)
D) Title of Class of Securities:
Common Stock
E) Cusip Number:
595492109
ITEM 3. The person filing is a:
Broker/Dealer (BD)
ITEM 4. A) Amount Beneficially Owned:
16,400
B) Percent of Class:
6.58%
C) Number of shares as to which such person has voting power
and or power to dispose or to direct the disposition of:
N/A
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Page 4 ot 4 Pages
ITEM 5. Ownership of Five Percent of Less:
N/A
ITEM 6. Ownership of More than Five Percent on Behalf
of Another Person:
N/A
ITEM 7. Identification and Classification of the Subsidiary
which acquired the security being reported on
by the Parent Holding Company:
N/A
ITEM 8. Identification and Classification of members of the Group:
N/A
ITEM 9. Notice of Dissolution of Group:
N/A
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.
February 12, 1999
-----------------
(Date)
/s/ John Kramer
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(Signature)
John Kramer/General Counsel
----------------------------------
(Name/Title)
