FIRST FINANCIAL CORP /IN/
SC 13G, 1999-02-11
STATE COMMERCIAL BANKS
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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      35-0592430

      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.
                                                


<PAGE>
ITEM 4.     OWNERSHIP.  (as of December 31, 1998):

            (a)   Amount Beneficially Owned:    653,112 shares

            (b)   Percent of Class:            9.12%
                                                
            (c)   Number of shares as to which such person has: 


                  (I)   sole power to vote or direct the vote 653,112
                        (ii)  shared power to vote or direct the vote  -0-
                  (iii) sole power to dispose or to direct the disposition of
                              653,112
                  (iv)  shared power to dispose or to direct the disposition 
                              of 653,112

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:      __________________ <PAGE>


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