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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No. _
STEEL WEST VIRGINIA, INCORPORATED
COMMON
CUSIP: 858154107
December 31, 1996
Check the following box if a fee is being paid with this statement _
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<S> <C> <C>
(1) Names of Reporting Persons S.S. or I.R.S. Wachovia Corporation
Identification Nos. of Above Persons 56-1473727
(2) Check the Appropriate Box if a Member of a (a) N/A
Group (See Instructions)
(b) N/A
(3) SEC Use Only
(4) Citizenship or Place of Organization North Carolina
Number of Shares Beneficially Owned by Each Reporting
Person With
(5) Sole Voting Power 320,000
(6) Shared Voting Power
(7) Sole Dispositive Power 320,000
(8) Shared Dispositive Power
(9) Aggregate Amount Beneficially Owned by Each 320,000
Reporting Person
(10) Check if Aggregate Amount in Row 9 Excludes
Certain Shares (See Instructions)
(11) Percent of Class Represented by Amount in Row 9 5.4%
(12) Type of Reporting Person
(See Instructions) HC
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ITEM 1 (A) NAME OF ISSUER:
See cover page.
ITEM 1 (B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
17th Street and 2nd Avenue
Huntington, WV 25703
ITEM 2 (A) NAME OF PERSON FILING:
A. See cover page.
ITEM 2 (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
A. 301 North Main Street
Winston-Salem, North Carolina 27150-3099
ITEM 2 (C) CITIZENSHIP:
A. See cover page.
ITEM 2 (D) TITLE OF CLASS OF SECURITIES:
See cover page.
ITEM 2 (E) CUSIP NUMBER:
See cover page.
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-3(B), CHECK WHETHER THE PERSON FILING IS A:
(G) (X) PARENT HOLDING COMPANY, IN ACCORDANCE WITH
240.13D-1(B)(II)(G) (NOTE: SEE ITEM 7)
ITEM 4 OWNERSHIP.
IF THE PERCENT OF THE CLASS OWNED, AS OF DECEMBER 31 OF THE
YEAR COVERED BY THE STATEMENT, OR AS OF THE LAST DAY OF ANY
MONTH DESCRIBED IN RULE 13D-1 (B)(2), IF APPLICABLE, EXCEEDS
FIVE PERCENT, PROVIDE THE FOLLOWING INFORMATION AS OF THAT
DATE AND IDENTIFY THOSE SHARES WHICH THERE IS A RIGHT TO
ACQUIRE.
WACHOVIA CORPORATION
(A) AMOUNT BENEFICIALLY OWNED: See cover page
(B) PERCENT OF CLASS: See cover page
(C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
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(I) SOLE POWER TO VOTE OR TO DIRECT THE VOTE See cover page
(II) SHARED POWER TO VOTE OR TO DIRECT THE VOTE See cover page
(III) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF See cover page
(IV) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION
OF See cover page
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ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
N/A
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
N/A
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY.
The securities to which this report relates are held by
Wachovia Bank of North Carolina, NA, Wachovia Bank of Georgia,
NA and Wachovia Bank of South Carolina, NA as trustees. (See
Exhibit A.)
This filing should not be construed as an admission that the
trustees or their parent, Wachovia Corporation, are, for the
purposes of Section 13(d) or 13(g) of the Act, beneficial
owners of any securities covered by this statement.
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 HAVING SUCH PURPOSES OR EFFECT.
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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.
DATE: February 14, 1997
FOR: Wachovia Corporation
BY: Ricky B. Nicks
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Attorney-in-Fact
Ricky B. Nicks, Executive Vice President
Wachovia Operational Services Corporation
(Authorized by Wachovia Corporation under a limited power of
attorney filed with the Schedule 13G for Equus II, Ltd., CUSIP
294766100, filed by Wachovia Corporation on February 14, 1997.)
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EXHIBIT A
The following entities agree that this Schedule 13G is filed on their behalf
by the Wachovia Corporation.
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IRS IDENTIFICATION
SUBSIDIARY NUMBER ITEM 3 CLASSIFICATION
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Wachovia Bank of Georgia, N.A. 58-0242985 Bank as defined by section 3(a)(6) of the Act
Wachovia Bank of North Carolina, N.A. 56-0927594 Bank as defined by section 3(a)(6) of the Act
Wachovia Bank of South Carolina, N.A. 57-0539952 Bank as defined by section 3(a)(6) of the Act
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