SIMMONS FIRST NATIONAL CORP
SC 13G/A, 1998-01-14
NATIONAL COMMERCIAL BANKS
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                              For the Year Ending
                               December 31, 1997


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G
                    Under the Securities Exchange Act of 1934
                               (Amendment No. 12)

                       SIMMONS FIRST NATIONAL CORPORATION
                                (Name of Issuer)

                              CLASS A COMMON STOCK
                         (Title of Class of Securities)

                                 828730200
                                 (CUSIP Number)

     Check the following box if a fee is being paid [ ].

     1)   Names of Reporting Persons S.S. or I.R.S. Identification
          Nos. of Above Persons  --  SIMMONS FIRST NATIONAL BANK
           71-0162300

     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    ARKANSAS

                         5)   Sole Voting Power          -0-
Number of Shares
Beneficially             6)   Shared Voting Power        -0-
Owned by Each
Reporting                7)   Sole Dispositive Power   465,245
Person With
                         8)   Shared Dispositive Power   -0-

     9)   Aggregate Amount Beneficially Owned by Each Reporting Person
          465,245 shares

     10)  Check if the Aggregate Amount in Row (9) Excludes Certain
          Shares (See Instructions)-----------------------------

     11)  Percent of Class Represented by Amount in Row 9.... 8.12%

     12)  Type of Reporting Person (See Instruction) BK

Item 1(a) Name of Issuer:

          SIMMONS FIRST NATIONAL CORPORATION

Item 1(b) Address of Issuer's Principal Executive Offices:

          501 MAIN STREET
          P. O. BOX 7009
          PINE BLUFF, ARKANSAS 71611

Item 2(a) Name of Person Filing:

          SIMMONS FIRST NATIONAL BANK

Item 2(b) Address of Principal Business Office or, if none,
          Residence:

          501 MAIN STREET
          P. O. BOX 7009
          PINE BLUFF, ARKANSAS 71611

Item 2(c) Citizenship:

          ARKANSAS

Item 2(d) Title of Class of Securities:

          CLASS A COMMON STOCK

Item 2(e) CUSIP Number:

          828730200

Item 3.   If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
          check whether the person filing is a:

     (a)  [ ]  Broker or Dealer registered under Section 15 of the Act

     (b)  [X]  Bank as defined in section 3(a)6) of the Act

     (c)  [ ]  Insurance Company as defined in section 3(a)(19) of the Act

     (d)  [ ]  Investment Adviser registered under section 8 of the
               Investment Company Act

     (e)  [ ]  Investment Adviser registered under Section 203 of the
               Investment Advisers Act of 1940

     (f)  [ ]  Employee  Benefit Plan,  Pension Fund which is subject to the
               provisions of the Employee Retirement Income Security Act of 1974
               or Endowment Fund; see section 240.13d-1(b)(1)(ii)(F)

     (g)  [ ]  Parent Holding Company, in accordance with section
               240.13d-1(b)(ii)(G) (Note:  See Item 7)

     (h)  [ ]  Group, in accordance with section 240.13d-1(b)(1)(ii)(H)

Item 4.   Ownership

          (a)  Amount Beneficially Owned:

               465,245

          (b)  Percent of Class:

               8.12%

          (c)  Number of shares as to which such person has:

               (i)   sole power to vote or direct the vote
                                    -0-

               (ii)  shared power to vote or direct the vote
                                    -0-

               (iii) sole power to dispose or to direct the
                     disposition of
                                  465,245

               (iv)  shared power to dispose or to direct the
                     disposition of
                                    -0-

Item 5.   Ownership of Five Percent or Less of a Class.

          NOT APPLICABLE

Item 6.   Ownership of More than Five Percent on Behalf of Another Person.

     PURSUANT TO THE TERMS OF THE SIMMONS FIRST  NATIONAL  CORPORATION  EMPLOYEE
STOCK OWNERSHIP PLAN, ANY DIVIDENDS  RECEIVED OR PROCEEDS OF SALE OF THE SUBJECT
SECURITIES WOULD INURE TO THE BENEFIT OF THE EMPLOYEES OF SIMMONS FIRST NATIONAL
CORPORATION AND ITS SUBSIDIARIES, WHO ARE PARTICIPANTS IN THE PLAN, AND WOULD BE
HELD,  ADMINISTERED  AND  DISTRIBUTED IN ACCORDANCE WITH THE TERMS OF SUCH PLAN.
THE PLAN COVERS IN EXCESS OF 400  EMPLOYEES  AND NO SINGLE  EMPLOYEE'S  INTEREST
THEREUNDER  EQUALS OR EXCEEDS FIVE PERCENT (5%) OF THIS CLASS OF  SECURITIES  OF
THE ISSUER.

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.   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.

     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.

1/6/98
- -------------------
Date


/s/ JOHN L. RUSH
- -------------------
Signature
John L. Rush, Executive Vice President & Trust Officer
Simmons First National Bank, Trustee, Simmons First National
Corporation Employee Stock Ownership Plan



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