FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
1. Name and Address of Reporting Person
First Securities America, Inc.
135 N. Meramec
Clayton, Missouri 63141
2. Issuer Name and Ticker or Trading Symbol: Kankakee Bancorp, Inc. KNK
3. IRS or Social Security Number of Reporting Person (Voluntary): 43-1185839
4. Statement for Month/Year June 2000
5. If Amendment, Date of Original (Month/Year) N/A
6. Relationship of Reporting Person to Issuer
(Check all applicable)
Director XX 10% Owner - (Through Investors
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of America Limited Partnership)
Officer (give title below) Other (Specify below)
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7. Individual or Joint/Group Filing (Check applicable line):
X Form filed by One Reporting Person
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______ 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: Common Stock
2. Transaction Date (Month/Day/Year): June 1, 2000
3. Transaction Code S:
4. Securities Acquired (A) or disposed of (D): D
Amount 25,000 Price 19.5625
5. Amount of Securities Beneficially Owned at End of Month: * 140,000
6. Ownership Form Direct (D) or Indirect (I): I
7. Nature of Indirect Beneficial Ownership: * Through Investors of America,
Limited Partnership
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
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(e.g., puts calls, warrants, options, convertible securities)
1. Title of Derivative Security Common Stock Options N/A
2. Conversion or Exercise Price of Derivative Security N/A
3. Transaction Date (Month/Day/Year): N/A
4. Transaction Code Code____ V_____ N/A
5. Number of Derivative Securities Acquired (A)____ or Disposed of (D)____
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable ____________ Expiration Date ____________ N/A
7. Title and Amount of Underlying Securities: N/A
Title ___________________ Amount or Number of Shares ________: N/A
8. Price of Derivative Security: N/A
9. Number of Derivative Securities Beneficially Owned at End of Month: N/A
10. Ownership Form of Derivative Security Direct (D) or Indirect (I) N/A
11. Nature of Indirect Beneficial Ownership: N/A
Explanation of Responses:* The reporting person, as the general partner of
Investors of America, Limited Partnership (the "Limited Partnership") the record
owner of the shares of common stock of Kankakee Bancorp, Inc. which are reported
in this Form 4, disclaims beneficial ownership of such common stock owned by the
Limited Partnership, except to the extent of such reporting person's pecuniary
interest in the Limited Partnership.
FIRST SECURITIES AMERICA, INC., General Partner
/s/ James F. Dierberg, President
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Signature of Reporting Person Date: June 29, 2000 SEC 1474 (7/96)
