<PAGE> Cover Page
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
NATIONAL BANCORP OF ALASKA, INC.
(Name of Issuer)
COMMON STOCK, $10.00 PAR VALUE
(Title of Class of Securities)
632587 10 1
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ].
(A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent
of the class of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership of five percent
or less of such class.) (See Rule 13d-7.)
*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).
(Continued on following pages(s))
Page 1 of 5 Pages
<PAGE> 2
CUSIP No. 632587 10 1 13G Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON1
Elmer E. Rasmuson
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
N/A (b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF 5 SOLE VOTING POWER
SHARES 3,916,528
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 3,916,528
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,916,528
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
50.6%
12 TYPE OF REPORTING PERSON*
IN
**See footnote under Item 4, Ownership, on page 3 of this report.
*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1(a) Name of Issuer: National Bancorp of Alaska, Inc.
Item 1(b) Address of Issuer's Principal Executive Office:
301 West Northern Lights Boulevard
Anchorage, AK 99503
Item 2(a) Name of Person Filing: Elmer E. Rasmuson
Item 2(b) Business Address:
PO Box 100600
Anchorage, AK 99510-0600
Item 2(c) Citizenship: United States of America
Item 2(d) Title of Class Securities: Common Stock
Item 2(e) CUSIP Number: 632587 10 1
Item 3 N/A
Item 4 Ownership: *
Item 4(a) Amount of Beneficially Owned: 3,916,528 shares
Item 4(b) Percent of Class: 50.6%
Item 4(c) Number of Shares to which such person has:
(i) Sole power to vote or to direct the vote 3,916,528 shares.
(ii) Shares power to dispose or to direct the vote -0-.
(iii) Sole power to dispose or to direct the disposition of
3,916,528.
(iv) Shares power to dispose or to direct the disposition of -0-.
* Included among the shares of Bank Common Capital Stock reported as
beneficially owned by Mr. Rasmuson are the following:
(a) Mr. Rasmuson has sole voting and dispositive powers over
779,160 shares (10.0% of the outstanding shares) which he
holds as trustee under three trusts for the benefit of each
of his three adult children;
Page 3 of 5
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Excluded among the shares of Bank Common Capital Stock reported as
beneficially owned by Mr. Rasmuson is the following:
(b) Mr. Rasmuson's wife has sole voting and dispositive power
over 33,788 shares (.4% of the outstanding shares) which she
owns of record.
The filing of this Schedule 13G shall not be construed as an admission by
Mr. Rasmuson that he is, for purposes of Section 31(d) or 13(g) of the
Securities Exchange Act of 1934, the beneficial owner of the foregoing
shares.
Mr. Rasmuson expressly disclaims beneficial ownership of the shares
referenced in (a) and (b) above.
Item 5 N/A
Item 6 Ownership of More Than 5 Percent on Behalf of Another Person:
In reference to the trusts mentioned in Item 4 above, Mr.
Rasmuson holds as trustee 259,720 shares of Common Stock
(3.3%) for the benefit of each of his three adult children.
The beneficiaries have the right to receive or power to
direct the receipt of dividends from the shares held by their
respective trusts.
None of the adult children have or share voting power or
investment power over the shares by the trusts for their
respective benefit.
Page 4 of 5
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Item 7 N/A
Item 8 N/A
Item 9 N/A
Item 10 N/A
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.
January 8, 1998 /s/Elmer E. Rasmuson
(Date) (Signature)
Elmer E. Rasmuson
(Name)
Page 5 of 5
