UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No.____________)*
First Financial Corporation
(Name of Issuer)
Common Stock Without Par Value
(Title of Class of Securities)
320218(10)
(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).
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CUSIP NO. 320218(10) 13G Page 2 of 4 pages
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Princeton Mining Company, Inc
State Road 46 South
Terre Haute, IN 47803 35-0592430
2. Check the Appropriate Box if a Member of a Group*
N/A
3. SEC Use Only
4. Citizenship or Place of Organization
Terre Haute, Indiana
Number of Shares 5. Sole Voting Power
615,493
Beneficially 6. Shared Voting Power
Owned by 7. Sole Dispositive Power
615,493
Each 8. Shared Dispositive Power
Reporting Person
With
9. Aggregate Amount Beneficially Owned by Each Reporting Person
615,493
10. Check Box if the Aggregate Amount in Row (9) excludes certain
shares*
11. Percent of Class Represented by Amount in Row 9
9.21%
12. Type of Reporting person*
CO
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ITEM 1.
ITEM 1(a) Name of Issuer:
First Financial Corporation
ITEM A (b) Address of Issuer's Principal Executive
Offices:
One First Financial Plaza
P.O. Box 540
Terre Haute, IN 47808-0540
ITEM 2.
ITEM 2 (a) Name of Person Filing:
Princeton Mining Company
ITEM 2 (b) Address of Principal Business Office or, if
none, Residence:
State Road 46 South
Terre Haute, IN 47803
ITEM 2 (c) Citizenship:
Place of Organization: Indiana
ITEM 2 (d) Title of Class Of Securities:
Common Stock without par value
ITEM 2 (e) Cusip Number
320218(10)
ITEM 3. Statement filed pursuant to Rules 13d-1(b)
or 13d-2(b)
Not applicable because this is an amendment
to an original filing under Section 13(g)(1).
The reporting person was a beneficial owner
of more than 5 percent of the Issuer's
outstanding common stock prior to the
Issuer's registration under Section 12(g) of
the Securities Exchange Act of 1934.
ITEM 4. Ownership. (As of December 31, 1997):
(a) Amount Beneficially Owned: 615,493 shares
(b) Percent of Class: 9.21%
(c) Number of shares as to which such person
has:
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(I) sole power to vote or direct the vote
615,493
(ii) shared power to vote or direct the vote
-0-
(iii) sole power to dispose or to direct the
disposition of 615,493
(iv) shared power to dispose or to direct the
disposition of 615,493
ITEM 5. Ownership of Five Percent or Less of A Class.
Not Applicable
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.
Not applicable
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.
PRINCETON MINING COMPANY
By: Donald E. Smith,
Chairman of the Board
Dated: February 2, 1998
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