UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
Franklin Financial Services Corporation
(Name of Issuer)
Common Stock ($1.00 Par Value)
(Title of Class of Securities)
353525108
(CUSIP Number)
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.)
*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).
<PAGE>
SCHEDULE 13G
CUSIP NO. 353525108
1. Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Farmers and Merchants Trust Company of Chambersburg
Trust Department
IRS Identification No.: 23-0570230
2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) [ ]
(b) [ ]
3. SEC use only
4. Citizenship or Place of Organization
Commonwealth of Pennsylvania
Number of Shares Beneficially Owned by Each Reporting Person With
5. Sole Voting Power
163,147
6. Shared Voting Power
19,253
7. Sole Dispositive Power
163,147
8. Shared Dispositive Power
19,253
9. Aggregate Amount Beneficially Owned by Each Reporting Person
182,400
10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares [ ]
11. Percent of Class Represented by Amount in Row 9
6.5%
12. Type of reporting person
BK
<PAGE 1>
NOTE: Share totals have been adjusted to reflect the three
for two stock split in the form of a 50% stock dividend
distributed on February 3, 1998.
PAGE 2
<PAGE>
SCHEDULE 13G
FRANKLIN FINANCIAL SERVICES CORPORATION
Item 1(a)
Name of Issuer: Franklin Financial Services Corporation
Item 1(b)
Address of Issuer's Principal Executive Offices:
20 South Main Street
P.O. Box T
Chambersburg, PA 17201
Item 2(a)
Name of Person Filing:
Farmers and Merchants Trust Company of
Chambersburg Trust Department
Item 2(b)
Address of Principal Business Office or, if none, Residence:
20 South Main Street
P.O. Box T
Chambersburg, PA 17201
Item 2(c)
Citizenship: Pennsylvania
Item 2(d)
Title of Class of Securities:
Common Stock, $1.00 par value per share
Item 2(e)
CUSIP Number: 353525108
Item 3
If this statement is filed pursuant to Rules 13d-1(b) or
13d-2(b), check whether the person filing is:
Not applicable. This statement is filed pursuant to
Rule 13d-1(c).
<PAGE 3>
Item 4
Ownership:
(a) Amount Beneficially Owned: 182,400
(b) Percent of Class: 6.5%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote: 163,147
(ii) shared power to vote or to direct the
vote: 19,253
(iii) sole power to dispose or to direct the
disposition of: 163,147
(iv) shared power to dispose or to direct
the disposition of: 19,253
Item 5
Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [ ].
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
<PAGE 4>
Item 9
Notice of Dissolution of Group.
Not applicable
Item 10
Certification.
Not applicable. This statement is filed pursuant to Rule
13d-1(c).
NOTE: Share totals have been adjusted to reflect the three
for two stock split in the form of a 50% stock dividend
distributed on February 3, 1998.
PAGE 5
<PAGE>
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.
FARMERS AND MERCHANTS TRUST COMPANY
OF CHAMBERSBURG TRUST DEPARTMENT
Date: February 12, 1999 By: /s/ Allen C. Rebok
Allen C. Rebok,
Vice President <PAGE 6>
