UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
(X) Form 3 Holdings Reported
( ) Form 4 Transactions Reported
1. Name and Address of Reporting Person
Currie, Earl J.
6250 North River Road
Suite 9000
Rosemont, Illinois 60018
U.S.A.
2. Issuer Name and Ticker or Trading Symbol
Wisconsin Central Transportation Corporation
WCLX
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
12/97
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)
V.P. Planning - WCL
7. Individual or Joint/Group Reporting (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
|Transaction| or Disposed of (D) | Securities |ect | Beneficial Ownership |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice of | | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity | | | Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Option -- Right to Buy |89.00 |5/1/9|J3 |2,500 |A |5/1/9|4/30/|Common Stock|2,500 | | | | |
| |6 | | | |7 |06 | | | | | | |
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Option -- Right to Buy |89.00 |5/1/9|J3 |2,500 |A |5/1/9|4/30/|Common Stock|2,500 | | | | |
| |6 | | | |8 |06 | | | | | | |
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Option -- Right to Buy |89.00 |5/1/9|J3 |5,000 |A |5/1/9|4/30/|Common Stock|5,000 | |30,000+ |D |n/a |
| |6 | | | |9 |06 | | | | | | |
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Explanation of Responses:
J: These securities were granted to the reporting person upon his election as
an officer of the company, pursuant to the company's Key Management
Stock Option
Plan.
+: The total reflects the 3-for-1 stock split which occurred on May 31,
1996.
SIGNATURE OF REPORTING PERSON
Earl J. Currie
DATE
February 6, 1998