AMENDMENT NO. 7
Reporting Person
SCHEDULE 13G
Filed By: Harleysville National Bank, Trust Department
With: Securities and Exchange Commission
Washington, D.C. 20594
Calendar Year Covered: 1998
Item 1(a) Name of Issuer:
Harleysville National Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
P.O. Box 195
483 Main Street
Harleysville, PA 19438
Item 2(a) Name of Person Filing:
Harleysville National Bank, Trust Department
Item 2(b) Address of Principal Business Office or, if none,
Residence:
P.O. Box 195
483 Main Street
Harleysville, PA 19438
Item 2(c) Citizenship:
U.S.A. (Reporting Person is the Trust
Department of a Nationally Chartered Banking
Association)
Item 2(d) Title of Class of Securities:
Common Stock, par value $1.00 per share
Item 2(e) CUSIP Number: 412 850 109
Item 3. If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b), check whether the person filing is a:
(a) Broker or Dealer registered under Section 15 of
the Act.
(b) X Bank as defined in section 3(a)(6) of the Act.
(c) Insurance Company as defined in section 3(a)(19)
of the Act.
(d) Investment Company registered under section 8 of
the Investment Company Act.
(e) Investment adviser registered under section 203
of the Investment Advisers Act of 1940.
(f) Employee benefit plan, pension fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 of
Endowment Fund; see 240.13d-1(b)(1)(ii)(F).
(g) Parent holding company, in accordance with
240.13d- 1(b)(ii)(G) (Note: See Item 7).
(h) Group in accordance with 240.13d-1(b)(1)(ii)(H).
Item 4. Ownership (as of December 31, 1998).
If the percent of the class owned, as of December 31
of the year covered by the statement, or as of the last day
of any month described in Rule 13d-1(b)(2), if applicable,
exceeds five percent, provide the following information as
of that date and identify those shares which there is a right
to acquire.
(a) Amount Beneficially Owned:
456,531 shares of Common Stock, par value $1.00
per share.
(b) Percent of Class: 6.49%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct 456,531
(ii) shared power to vote or to direct
the vote: 0
(iii) sole power to dispose or to direct the
disposition of: 456,531
(iv) shared power to dispose or to direct the
disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact
that as of the date hereof the reporting person has ceased
to be the beneficial owner of more than five percent of the
class of securities, check the following [ ].
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
456,531 shares of the Issuer that are "beneficially
owned" by Harleysville National Bank, Trust Department are
held in its fiduciary capacity in its nominee name, Harley Co.
Harleysville National Bank, Trust Department has sole power to
vote or to direct the vote of 456,531 shares of the Issuer and
sole power to dispose or to direct the disposition of 456,531
shares of the Issuer.
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:
Not Applicable
Item 9. Notice of Dissolution of Group:
Not Applicable
Item 10. Certification
By signing below I certify that, to the best
of my knowledge and belief, the securities referred to
above where 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.
Date: January 26, 1999
/s/ Clay T. Henry
Clay T. Henry,
Sr. Vice President
and Trust Officer
HARLEYSVILLE NATIONAL BANK
