This amendment is submitted solely for the purpose of amending the filing year
referenced on page 1 and page 7 to reflect the correct year.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. Ten)*
ES&L BANCORP,INC.
--------------------------------------------------------------
(Name of Issuer)
Common Stock
-------------------------------------------------------------
(Title of Class of Securities)
269079109
-----------------------------
(CUSIP Number)
December 31, 1999
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
_X_ Rule 13d-1(b)
___ Rule 13d-1(c)
___ 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).
<PAGE>
CUSIP No. 269079109 Page 2 of 7 Pages
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(1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Valicenti Advisory Services, Inc.
16-19249
------------------------------------------------------------------
(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
New York
------------------------------------------------------------------
(5) SOLE VOTING POWER
0
----------------------------------------
NUMBER OF SHARES (6) SHARED VOTING POWER
BENEFICIALLY OWNED BY 0
EACH REPORTING PERSON ----------------------------------------
WITH (7) SOLE DISPOSITIVE POWER
0
----------------------------------------
(8) SHARED DISPOSITIVE POWER
52,964
------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
52,964
------------------------------------------------------------------
(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions)
------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.37%
------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
IA
------------------------------------------------------------------
<PAGE>
CUSIP No. 269079109 Page 3 of 7 Pages
------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Vincent R. Valicenti
###-##-####
------------------------------------------------------------------
(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
4,500
----------------------------------------
NUMBER OF SHARES (6) SHARED VOTING POWER
BENEFICIALLY OWNED BY 0
EACH REPORTING PERSON ----------------------------------------
WITH (7) SOLE DISPOSITIVE POWER
4,500
----------------------------------------
(8) SHARED DISPOSITIVE POWER
52,964
------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
57,464
------------------------------------------------------------------
(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions)
------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.92%
------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
IN
------------------------------------------------------------------
<PAGE>
CUSIP No. 269079109 Page 4 of 7 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
(Under the Securities and Exchange Act of 1934)
Item 1.
(a) Name of Issuer:
ES&L Bancorp, Inc.
(b) Address of Issuer's Principal Executive Offices:
300 West Water Street
Elmira, New York 14901
Item 2.
(a) Name of Person Filing:
Valicenti Advisory Services, Inc. and Vincent R.
Valicenti
(b) Address of Principal Business Office or, if
none, Residence:
400 East Water Street
Elmira, New York 14901-3411
(c) Citizenship:
See Item 4 of respective cover pages.
(d) Title or Class of Securities:
Common Stock
(e) CUSIP Number:
269079109
<PAGE>
CUSIP No. 269079109 Page 5 of 7 Pages
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) / / Broker of Dealer registered under Section 15 of the Exchange Act.
(b) / / Bank as defined in section 3(a)(6) of the Exchange Act.
(c) / / Insurance Company as defined in section 3(a)(19) of the Exchange
Act.
(d) / / Investment Company registered under section 8 of the
Investment Company Act.
(1) (e) /x/ An Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
(f) / / An Employee Benefit Plan or Endowment Fund in accordance with
Rule 13d-1(b)(1)(ii)(F).
(2) (g) /x/ Parent Holding Company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G).
(h) / / A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act.
(i) / / A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act.
(j) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
(1) As to Valicenti Advisory Services, Inc.
(2) As to Vincent R. Valicenti
Item 4. Ownership
(a) Amount Beneficially Owned: 57,464 Shares
(b) Percent of Class: 6.37%
(c) Number of Shares as to which such person has:
(i) sole power to vote or direct the vote: 4,500
(ii) shared power to vote or direct the vote: 0
(iii) sole power to dispose or direct the
disposition of: 4,500
(iv) shared power to dispose or direct the
disposition of: 52,964
Item 5. Ownership of Five Percent or Less of a Class:
Not Applicable
<PAGE>
CUSIP No. 269079109 Page 6 of 7 Pages
Item 6. Ownership of More than Five Percent on Behalf
of Another Person:
Other than the 4,500 shares owned individually by Vincent R. Valicenti
(representing .54 of 1% of the outstanding shares of ES&L Bancorp, Inc.),
all of the shares of ES&L Bancorp, Inc. beneficially owned by the reporting
persons are owned by investment advisory clients of Valicenti Advisory
Services, Inc., none of whom own more than 5% of the outstanding shares of
ES&L Bancorp, Inc.
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. Certification:
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and 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.
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.
November 15, 2000 Valicenti Advisory Services, Inc.
/s/Vincent R. Valicenti
-------------------------------
Vincent R. Valicenti, President
November 15, 2000 /s/Vincent R. Valicenti
-------------------------------
Vincent R. Valicenti
