SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 6)
Vermont Financial Services Corp.
Common Stock
924180-10-2
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 1; and (2) has filed no amendment subsequent thereto
reporting beneficial ownership of five percent of 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).
Page 1 of 5 Pages
1. Name of Reporting Person Vermont National Bank
2. N/A
3. N/A
4. Citizenship or Place of Organization United States National Banking
Association
Number of Shares Beneficially Owned By Each Reporting Person With
5. Sole Voting Power $71,226
6. Shared Voting Power 411,676
7. Sole Dispositive Power 324,744
8. Shared Dispositive Power 158,158
9. Aggregate Amount Beneficially Owned
By Each Reporting Person 482, 902
10. N/A
11. Percent of Class Represented By
Amount in Row 9 3.6%
12. Type of Reporting Person BK
Item 1(a). Name of Issuer:
Vermont Financial Services Corp.
Item 1(b). Address of Issuer's Principal Executive Officers:
100 Main Street
Brattleboro, Vermont 05301
Item 2(a). Name of Person Filing:
Vermont National Bank
Page 2 of 5 Pages
Item 2(b). Address of Principal Business Office or, if none, Residence:
Vermont National Bank
100 Main Street
Box 804
Brattleboro, Vermont 05302
Item 2(c). Citizenship (Place of Organization):
Vermont National Bank - United States
National Banking Association
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
924180-10-2
Item 3. Category of Person Filing
Bank as defined in Section 3(a) (6) of the Act.
Item 4. Ownership
(a) Vermont National Bank - 482, 902
(b) Percent of Class:
Vermont National Bank - 3.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Vermont National Bank - 71,226
(ii) shared power to vote or to direct the vote:
Vermont National Bank - 411,676
Pages 3 of 5 Pages
(iii) sole power to dispose or to direct the disposition of:
Vermont National Bank - 324,744
(iv) shared power to dispose or to direct the disposition of:
Vermont National Bank - 158,158
Item 5. Ownership of Five Percent or Less of a Class
No Longer Own 5% at this time.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
Not Applicable
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 were acquired in the ordinary
course of business and were not acquired for the purpose of and do
not have the effect of changing of 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 purpose or effect.
Page 4 of 5 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this joint statement is true, complete and
correct.
VERMONT NATIONAL BANK
(holdings as of 3/18/98)
BY: /s/ John R. Davidson
Senior Vice President and
Senior Trust Officer
DATE: March 20, 1998
Page 5 of 5 Pages
