CUSIP NO. 413353103 Page 4 of 5 Pages
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 10)
Harold's Stores, Inc.
- ------------------------------------------------------------
---------
(Name of Issuer)
Common Stock
- ------------------------------------------------------------
---------
(Title of Class of Securities)
413353103
- ------------------------------------------------------------
---------
(CUSIP Number)
December 31, 1998
- ------------------------------------------------------------
---------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule
pursuant to which this Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ X ] Rule 13d-1(d)
*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).
(Continued on Following Page(s))
1. NAME OF REPORTING PERSON
H. Rainey Powell
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------
- -------------------------------------------------
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
United States
- ------------------------------------------------------------
- -------------------------------------------------
5. SOLE VOTING POWER 475,032
NUMBER OF
SHARES -----------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER -0-
OWNED
BY EACH -----------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER 475,032
PERSON
WITH ------------------------------------------
8. SHARED DISPOSITIVE POWER -0-
- -------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 475,0321
- --------------------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (See Instructions) [ X ]
- ---------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.8%
- ---------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON (See Instructions)
IN
- ----------------------------------------------------------------------------
Item 1 (a) Name of Issuer:
-------------------
Harold's Stores, Inc.
Item 1 (b) Address of Issuer's Principal Executive
Offices:
--------------------------------------------------------
765 Asp
Norman, Oklahoma 73069
Item 2 (a) Name of Person Filing:
----------------------------
H. Rainey Powell
Item 2 (b) Address of Principal Business Office or, if
non, Residence:
---------------------------------------------
765 Asp
Norman, Oklahoma 73069
Item 2 (c) Citizenship:
--------------
United States
Item 2 (d) Title of Class of Securities:
---------------------------------
Common Stock, par value $.01
Item 2 (e) CUSIP Number:
--------------------
413353103
Item 3 If this statement is filed pursuant to
240.13d-1(b) or 240.13d-2(b) or (c), check
whether the person filing is a:
--------------------------------
Not Applicable
Item 4 Ownership:
---------------------------------------------
(a) Amount Beneficially Owned:
-----------------------------------
475,032251 shares
Included in this amount are 72,182
shares of Common Stock which are held by Mr.
Powell as custodian for the benefit of his minor
children. Not included are 66,875 shares of
Common Stock held by Mr. Powell's wife, over which
Mr. Powell disclaims beneficial ownership.
(b) Percent of Class:
--------------------
7.8%
(c) Deemed Voting Power and Disposition Power:
--------------------------------------------------
(i) sole power to vote or to direct the vote 475,032
(ii) shared power to vote or to direct the vote -0-
(iii) sole power to dispose or to direct the
disposition of 475,032
(iv) shared power to dispose or to direct the
disposition of -0-
Item 5 Ownership of Five Percent or Less of a Class:
--------------------------------------------------
Not Applicable
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
Item 9 Notice of Dissolution of Group:
--------------------------------------
Not Applicable
Item 10 Certifications:
----------------
Not Applicable
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set
forth in this statement is true, compete and correct.
Date: February 16, 1999.
Signature: /s/ H. Rainey Powell
H. Rainey Powell
_______________________________
1 Included in this amount are 72,182
shares of Common Stock which are held by Mr.
Powell as custodian for the benefit of his minor
children. Not included are 66,875 shares of
Common Stock held by Mr. Powell's wife, over which
Mr. Powell disclaims beneficial ownership.
