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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13 G
Under the Securities Exchange Act of 1934
(Amendment No. )
S.Y. BANCORP, INC.
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
785060104
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(CUSIP Number)
Check the following box if a fee is being paid with this
statement [ ].
1. Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of
Above Persons. Stock Yards Bank & Trust Company 61-0354170.
2. Check the Appropriate Row if a Member of a Group
(a)____________________
(b)________x___________
3. SEC Use Only_________________________________________________
4. Citizenship or Place of Organization-----Kentucky
Number of Shares Beneficially Owned by Each Reporting Person With:
5. Sole Voting Power------------------259,686
6. Shared Voting Power-----------------49,216
7. Sole Dispositive Power-------------218,043
8. Shared Dispositive Power------------49,216
9. Aggregate Amount Beneficially Owned by Each Reporting
Person-----------------------------308,902
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
11. Percent of Class Represented by Amount in Row 9-----9.37%
12. Type of Reporting Person-------BK
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Item 1.(a) Names of Issuer
S.Y. Bancorp, Inc.
Item 1.(b) Address of Issuer's Principal Executive Offices
1040 East Main Street Louisville, KY 40206
Item 2.(a) Name of Person Filing
Stock Yards Bank & Trust Company
Item 2.(b) Address of Principal Business Office, or if None,
Residence
Same as 1(b)
Item 2.(c) Citizenship
A Kentucky Corporation
Item 2.(d) Title of Class of Securities
Common Stock
Item 2.(e) CUSIP Number
785060104
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b), check whether the person filing is a:
(b) [X] Bank as defined in Section 3(a)(6) of the Act
Item 4. Ownership
(a) Amount Beneficially Owned as of December 31, 1998:
The Bank, in its various fiduciary capacities as agent,
personal representative, custodian and trustee, is the beneficial
owner(as that term is defined in Rule 13d-3) of 308,902 shares
of theCommon Stock, no par value, of S.Y. Bancorp, Inc., the
Bank'sparent company.
(b) Percent of Class:--------9.37%
(c) Number of shares as to which such person has:
(i)sole power to vote or to direct the vote 259,686
(ii)shared power to vote or to direct the vote 49,216
(iii)sole power to dispose or to direct the disposition 218,043
(iv)shared power to dispose or to direct the disposition of 49,216
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. [ ].
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Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Other persons have the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of,
certain of the securities held by the Bank in its various
fiduciary capacities.
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 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 nothave 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 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 10, 1999 STOCK YARDS BANK & TRUST COMPANY
By: __________________________
David H. Brooks
Chairman and Chief Executive Officer
