UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
DALLER, JR., WALTER E
719 CLAYHOR AVE
COLLEGEVILLE, PA 19426
USA
2. Issuer Name and Ticker or Trading Symbol
HARLEYSVILLE NATIONAL CORPORATION
HNBC
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
AUGUST 31, 1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
DIRECTOR, PRES. & CEO - HNC
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
COMMON STOCK - HNBC |8/1/97|J* |V|1,161.000 |D | |119,146.000 |D |W/SPOUSE |
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COMMON STOCK - HNBC | |J* |V|1,161.000 |A | | |D |STREET NAME W/SPOUSE |
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COMMON STOCK - HNBC |8/11/9|G** | |1,000.000 |D |$33.375*** |161.000 |D |STREET NAME W/SPOUSE |
|7 | | | | | | | | |
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COMMON STOCK - HNBC | | | | | | |24,103.000 |D | |
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COMMON STOCK - HNBC | | | | | | |12,026.000 |I |SPOUSE |
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COMMON STOCK - HNBC | | | | | | |313.000 |I |BY SPOUSE IN STREET NAME |
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| | | | | |TOTAL |155,749.000 | | |
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
*TRANSFERRED SHARES TO BROKER
ACCT.
**1,000 SHARES WERE BONAFIDE GIFT TO A CHARITABLE GIFT FUND, EXEMPT UNDER RULE
16(b)-5.
***MID PRICE BETWEEN BID AND ASKED ON
8/11/97.
SIGNATURE OF REPORTING PERSON
/s/Elizabeth F. Chemnitz for Walter E. Daller, Jr.
DATE
SEPTEMBER 2, 1997
