UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
FIRST KEYSTONE CORPORATION
(Name of Issuer)
COMMON STOCK, PAR VALUE $2.00 PER SHARE
(Title of Class of Securities)
320654205
(CUSIP Number)
*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).
Page 1 of 5 pages
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CUSIP NO. 320654205 13G
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Frederick E. Crispin, Jr.
SS ####-##-####
2. CHECK THE APPROPRIATE LETTER IF A MEMBER OF A GROUP
(a)
(b)
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION: NEW JERSEY, USA
5. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE VOTING POWER: 46,877
6. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED VOTING POWER: 2,662
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE DISPOSITIVE POWER: 46,877
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED DISPOSITIVE POWER: 2,662
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 49,539
10. CHECK IF THE AGGREGATE AMOUNT IN NUMBER 9 EXCLUDES CERTAIN
SHARES:
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN NUMBER 9: 5.06%
12. TYPE OF REPORTING PERSON: INDIVIDUAL
Page 2 of 5 pages
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SCHEDULE 13G
ITEM 1(a) Name of Issuer:
First Keystone Corporation
ITEM 1(b) Address of Issuer's Principal Executive Offices:
111 West Front Street, Berwick, Pennsylvania 18603
ITEM 2(a) Name of Person Filing:
Frederick E. Crispin, Jr.
ITEM 2(b) Address of Principal Business Office or, if none,
Residence:
3 Cedarbrook Terrace, Princeton, New Jersey 08540
ITEM 2(c) Citizenship:
USA
ITEM 2(d) Title of Class of Securities:
Common stock, par value $2.00 per share
ITEM 2(e) CUSIP Number:
320654205
Page 3 of 5 pages
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ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B),
OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
(a) Broker or Dealer registered under Section 15
of the Act
(b) Bank as defined in section 3(a)(6) of the Act
(c) Insurance Company as defined in section
3(a)(19) of the Act
(d) Investment Company registered under section 8
of the Investment Company Act
(e) Investment Advisor registered under section
203 of the Investment Advisors Act of 1940
(f) Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund; see paragraph 240.13d-
1(b)(1)(ii)(F)
(g) parent Holding Company, in accordance with
paragraph 240.13d-1(b)(ii)(G)
(h) Group, in accordance with paragraph 240.13d-
1(b)(1)(ii)(H)
(i) X Filed under new rules as passive investor
ITEM 4 OWNERSHIP
(a) Amount Beneficially Owned: 49,539 shares
(b) Percent of Class: 5.06%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
46,877
(ii) shared power to vote or to direct the vote:
2,662
(iii) sole power to dispose or to direct the
disposition of: 46,877
(iv) shared power to dispose or to direct the
disposition of: 2,662
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Is this statement 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?
Not applicable.
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON
5,324 shares held by Frederick E. Crispin, Jr.,
individually and 41,553 held as Trustee for the
Revocable Deed of Trust of Frederick E. Crispin
Page 4 of 5 pages
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ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTING 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 certify that, to the best of my
knowledge and belief, the securities referred to above 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 transaction have 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.
March 2, 1998
Frederick E. Crispin, Jr.
Page 5 of 5 pages
