SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 15, 1996
GOVERNMENT TRUST G-1
(Exact name of registrant as specified in its charter or other governing
instrument)
State or other jurisdiction of incorporation:
New York
Commission File Number:
0-18978
IRS Employer Identification No.:
13-6963453
c/o Chemical Bank
Corporate Trustee Administration Department
450 West 33rd Street
New York, New York 10001
Registrant's telephone number, including area code : (212) 946- 8608
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Item 1. Changes in Control of Registrant.
Not Applicable.
Item 2. Acquisition or Disposition of Assets.
None.
Item 3. Bankruptcy or Receivership.
None.
Item 4. Changes in Registrant's Certifying Accountant.
No Change
Item 5. Other Events.
Semiannual Report to Holders pursuant to the Trust's Declaration of Trust
dated as of January 15, 1991. (Attached as Exhibit A) .
No other reportable events.
Item 6. Resignations of Registrant's Directors.
Not Applicable.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
Not Applicable.
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Exhibits
Semiannual Report to Holders attached hereto as Exhibit A .
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
thereunto duly authorized.
Government Trust G-1
Date : June 7, 1996
By:_________Dennis Kildea____________
Trust Officer
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Exhibit A
CHEMICAL BANK
450 West 33rd Street
New York, New York 10001
Trustee's Semiannual Report
To the Holders of
Government Trust G-1 Zero Coupon Certificates
(Hellenic Republic of Greece FMS Refinancing)
and
Defense Security Assistance Agency
The Pentagon
Washington, DC 20301-2800
Attention of the Comptroller, DSAA
I. On May 15, 1996, the aggregate amount distributed to the Holders was
$9,807,000.00. The portions thereof allocable to principal and interest
payments on the Related Note(s) was $8,831,051.64 and to payments
from the Related Securities Trust was $975,948.36.
II. The aggregate initial Amount of Certificates issued by such Trust and
remaining outstanding after such distribution is $369,626,000.00.
III. The unpaid principal amount of the Related Note(s) following such
distribution is $216,687,077.28.
IV. The sum of the amount referred to in (I) above, plus the amount paid to
the Trustee in respect of the Trustee's fees and expenses was less than the
sum of ninety percent (90%) of the amount required to have been paid by the
Borrower on the Related Note(s) on the immediately preceding Note Payment
Date plus the payment received by the Trustee from the related Securities
Trust in respect of such Certificate Payment Date in the amount of $480.52.
No Payment Default has occurred and is continuing since our previous report.
To the best of my knowledge and belief, this Semiannual Report is complete
and accurate.
By: ___Dennis Kildea___
Trust Officer
Report dated as of May 15, 1996
(Tax ID No. 13-6963453)
