<PAGE>
<PAGE>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of
1934, Section 17(a) of the Public Utility Holding Company Act of
1935 or Section 30(f) of the Investment Company Act of 1940
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
Abbott, John W.
_____________________________________________________________
(Last) (First) (Middle)
363 Walbridge Drive
_____________________________________________________________
(Street)
East Lansing, MI 48823
_____________________________________________________________
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CFSB Bancorp, Inc. CFSB
3. IRS or Social Security Number of Reporting Person
(Voluntary)
###-##-####
4. Statement for Month/Year
December 1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[ x ] Officer
(give title below) [ ] Other (specify
below)
Executive Vice President
____________________________________________________
7. Individual or Joint/Group Reporting
(check applicable line)
[ x ] Form Filed by One Reporting Person
[ ] Form Filed by More than One Reporting Person
* If the form is filed by more than one reporting person, see
instruction 4(b)(v).<PAGE>
<PAGE>
Table I -- Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
1. Title of Security
(Instr. 3)
1. Common Stock
2. Common Stock
3. Common Stock
2. Transaction Date (Month/Day/Year)
1. 12/01/97
2. 12/01/97
3. 12/26/97
3. Transaction Code (Instr. 8)
Code V
---- ---
1. J*
2. J*
3. M
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount (A) or (D) Price
------ ---------- -----
1. 4,692 A
2. 6,794 A
3. 450 A 2.31
5. Amount of Securities Beneficially Owned at end of Month
(Instr. 3 and 4)
1.
2. 20,382
3. 14,526
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
1. I
2. I
3. I
7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Spouse
2. ESOP
3. Spouse
_________
* 3 for 2 Stock Split declared on November 18, 1997, and
distributed December 18, 1997, to stockholders of record
on December 1, 1997.
<PAGE>
<PAGE>
TABLE II -- Derivative Securities Acquired, Disposed of,
or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)
1. Common Stock Options
2. Common Stock Options
2. Conversion of Exercise Price of Derivative Security
1. 2.31
2. 2.31
3. Transaction Date (Month/Day/Year)
1. 12/01/97
2. 12/26/97
4. Transaction Code (Instr. 8)
Code V
---- ---
1. J*
2. M
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
(A) (D)
--- ---
1. 25,004
2. 450
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
---------------- ---------------
1. 6/29/90 6/29/00
2. 6/29/90 6/29/00
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Amount or
Number
Title of Shares
----- ----------
1. CFSB 75,011
2. CFSB 74,561
8. Price of Derivative Security (Instr. 5)
1. 0
2. 0
9. Number of Derivative Securities Beneficially Owned at End of
Year (Instr. 4)
1.
2. 74,561
10. Ownership of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
1. D
2. D
11. Nature of Indirect Beneficial Ownership (Instr. 4)
_________
* 3 for 2 stock split
<PAGE>
EXPLANATION OF RESPONSES:
/s/ John W. Abbott 01/06/98
___________________________________ ___________________
** Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C.
78ff(a).
Note: File three copies of this Form, one of which must be
manually signed. If space provided is insufficient, see
Instruction 6 for procedure.
Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB number.
