SECURITIES AND EXCHANGE COMMISSION
Washington DC 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
INTERDEALER QUOTATION SYSTEM
Filed pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 and Rule 13a-17
or 15d-17 thereunder
BETHEL BANCORP
489 CONGRESS ST, PORTLAND, MAINE 04101
207-772-8587
CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of 5% or more in the number of
shares outstanding:
1. Title of Security: Common Stock
2. Number of shares outstanding before the change: 547,625
3. Number of shres outstanding after the change: 597,625
4. Effective date of change: 9/8/95
5. Method of change: Exercise of warrant right to buy 50,000 shares by Major
Drilling/Ronald Goguen on 9/8/95.
Date: 9/8/95
By: /s/
_____________________________
James D. Delamater, President