PEOPLES FIRST CORP
SC 13G/A, 1998-02-13
NATIONAL COMMERCIAL BANKS
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                         SECURITIES AND EXCHANGE COMMISSION 
                              Washington, D. C.  20549 

                                   SCHEDULE 13G 

                     Under the Securities Exchange Act of 1934 
                                 Amendment No. 8 

                           PEOPLES FIRST CORPORATION 
- ------------------------------------------------------------------------------- 
                                (Name of Issuer) 

                                  COMMON STOCK 
- ------------------------------------------------------------------------------- 
                          (Title of Class of Security) 

                                  711050 10 4 
- ------------------------------------------------------------------------------- 
                                (CUSIP number) 



Check the following box if a fee is being paid with this statement:  [  ] 




























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CUSIP No. 711050 10 4 

(1)  Name of reporting person and identification number: 

     The Peoples First National Bank & Trust Company of Paducah, Kentucky 
     61-0306110 

(2)  Check the appropriate box if a member of a group: 

     (a)  [  ] 
     (b)  [  ] 

(3)  SEC use only 

(4)  Citizenship or place of organization:  National Bank, United States 

(5)  Number of shares beneficially owned by each reporting person with 
     sole voting power: 451,741 shares 

(6)  Number of shares beneficially owned by each reporting person with 
     shared voting power: 306,613 shares 

(7)  Number of shares beneficially owned by each reporting person with 
     sole dispositive power: 718,816 shares 

(8)  Number of shares beneficially owned by each reporting person with 
     shared dispositive power: 306,613 shares 

(9)  Aggregate amount of beneficially owned by each reporting person: 
     1,025,429 shares 

(10) Check if aggregate amount above excludes certain shares: [ ] 

(11) Percent of class represented by amount in (9) above: 10.25% 

(12) Type of reporting person:  BK 















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Item 1.  Name and principal address of issuer: 

         Peoples First Corporation 
         100 South 4th Street 
         P. O. Box 2200 
         Paducah, Kentucky 42002-2200 

Item 2.  Name, principal address, citizenship of person filing and identity of
         securities: 

         (a) Name: The People First National Bank & Trust Company of Paducah, 
         Kentucky (PFNB); National Bank 

         (b) Business address: 100 South 4th Street, P. O. Box 1920 Paducah, 
         Kentucky 42002-1920 

         (c) Citizenship - PFNB is a national banking association organized 
         under the laws of the United States 

         (d) Title of Class of Securities:  Common Stock 

Item 3.  Filing status: 

         PFNB is a bank as defined in Section 3(a)(6) of the Securities 
         Exchange Act of 1934 and files this statement pursuant to 
         Rule 13d-1(b) 

Item 4.  Ownership 

         (a) Amount beneficially owned:  1,025,429 shares 

         (b) Percent of class: 10.25% 
 
         (c)(i) Number of shares as to which person has sole power to vote or 
         direct to vote:  451,741 shares 
 
         (c)(ii) Number of shares as to which person has shared power to vote 
         or to direct to vote:  306,613 shares 
 
         (c)(iii) Number of shares as to which person has sole power to dispose 
         or direct the disposition of: 718,816 shares 
 
         (c)(iv) Number of shares as to which person has shared power to 
         dispose or to direct the disposition of:  306,613 shares 

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" 


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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, Eileen M. Duobinis-Gray, 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 or influencing 
         the control of the issuer of such securities and were not acquired in 
         connection with or as a participant in any transactions 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. 

February 12, 1998 
- ------------------------------------------------------------------------------- 
(Date) 

/s/ The Peoples First National Bank & Trust Company of Paducah, Kentucky
- ------------------------------------------------------------------------------- 
(Signature) 


/s/ Eileen M. Duobinis-Gray, Senior Vice-President  
- ------------------------------------------------------------------------------- 
(Name/Title) 














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