OMB APPROVAL
OMB Number: 3235-0145
Expires: October 31, 1997
Estimated average burden
hours per response. . . . 14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Cole Taylor Financial Group, Inc.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
193 298 10 6
(CUSIP Number)
Cathy Cole, 350 East Dundee Road, Wheeling, Illinois 60090
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
January 6, 1996
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this Schedule
13D, and is filing this schedule because of Rule 13d-1(b)(3) or
(4), check the following box [ ].
Check the following box if a fee is being paid with the statement
[ ]. (A fee is not required only if the reporting 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.)
Note: Six copies of this statement, including all exhibits, should
be filed with the Commission. See Rule 13d-1(a) for other parties
to whom copies are to be sent.
*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 disclosures provided in a
prior cover page.
The information required on 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).
SCHEDULE 13D
CUSIP No. 193 298 10 6
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cathy Cole, as Advisor to the Cathy Cole 1993 Exempt Trust, the
Cathy Cole 1993 Trust and the Cathy Cole Tayco Trust, and as
Trustee of the Bradley F. Williams 1992 Trust, the Todd Justin
Williams 1985 Trust, the Todd Justin Williams 1992 Trust and the
Bradley F. Williams UGMA.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(E) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Unted States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
7 SOLE VOTING POWER
1,021,440
8 SHARED VOTING POWER
- - 0 -
9 SOLE DISPOSITIVE POWER
1,021,440
10 SHARED DISPOSITIVE POWER
- - 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,021,440
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0%
14 TYPE OF REPORTING PERSON*
00
Item 1 Security and Issuer
Common Stock, par value $.01 per share, of Cole Taylor Financial
Group, Inc., 350 East Dundee Road, Wheeling, Illinois 60090.
Item 2 Identity and Background
(a) Cathy Cole
(b) 350 East Dundee Road, Wheeling, Illinois 60090
(c) Investor
(d) None
(e) None
(f) United States
Item 3 Source and Amount of Funds or Other Consideration
On January 6, 1996, the reporting person became the beneficial
owner of securities held in trust for the benefit of the reporting
person and a relative of the reporting person. Prior to January 6,
1996, the reporting person's mother had been the beneficial owner
of such securities by virtue of having sole and investment power
over such securities.
Item 4 Purpose of Transaction
See Item 3.
Item 5 Interest of Securities of the Issuer
(a) 1,021,440 shares, 7.0%
(b) Sole Voting Power: 1,021,440
Shared Voting Power: -0-
Sole Dispositive Power: 1,021,440
Shared Dispositive Power: -0-
(c) See Item 3
(d) None
(e) Not applicable
Item 6 Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
None
Item 7 Material to be filed as Exhibits
None
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.
September 9, 1996 /s/ CATHY COLE
__________________________ ______________________
Date Cathy Cole
