COEUR D ALENES CO /IA/
4, 1999-01-07
FABRICATED STRUCTURAL METAL PRODUCTS
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1. Name and Address of Reporting Person:  Lawrence A. Coulson
5711 South Corkery Road   Spokane WA  99223
2. Issuer Name and Ticker or Trading Symbol:  The Coeur d'Alenes Company
3. Social Security Number of Reporting Person:  ###-##-####
4. Statement for Month/Year:  December 1998
5.   
6. Relationship of Reporting Person to Issuer:  Officer - Vice-President

Non Derivative Securities Acquired, Disposed of, or beneficially Owned

1. Title of Security:  Common Stock
2. Transaction Date:  12/1/98
3. Transaction Code:  P
4. Securities Acquired:  Amount - 3,424   (A) Acquired    Price  $0.28
5. Amount of Securities Beneficially Owned at End of Month:  362,480
6. Ownership Form:  Direct
7. Nature of Indirect Beneficial Ownership:  N/A
1. Title of Security:  Common Stock
2. Transaction Date:  10/26/1998
3. Transaction Code:  P
4. Securities Acquired:  Amount - 35,714      (A) Acquired    Price  $0.28
5. Amount of Securities Beneficially Owned at End of Month:  35,714
6. Ownership Form:  Indirect
7. Nature of Indirect Beneficial Ownership:  Partnership
Derivative Securities Acquired, Disposed of, or beneficially Owned
1. Title of Derivative Security:  
Put(Obligation to Buy) First Right of Refusal (Right to Buy)
2. Conversion or Exercise Price of Derivative Security:  $0.20
3. Transaction Date:  
4. Transaction Code:  
5. Number of Derivative Securities Acquired: 
6. Date Exercisable and Expiration Date:  
Date:  11/1/1994   Expiration:  10/31/1998
7. Title and Amount of Underlying Securities:  Title:  Common Stock
8. Price of Derivative Security:  $5000  Represents 1/3 partnership interest of 
Mr. Coulson in CINV's holdings of Convertible Debentures.
9. Number of Derivative Securities Beneficially Owned at End of Month: 25,000  
Represents 1/3 partnership interest of Mr. Coulson in CINV's holdings of 
Convertible Debentures.
10. Ownership Form of Derivative Security:  I
11. Nature of Indirect Beneficial Ownership: By CINV a partnership


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