For the Year Ending
December 31, 1998
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 13)
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
Number of Shares
Beneficially 5) Sole Voting Power 0
Owned by Each 6) Shared Voting Power 0
Reporting 7) Sole Dispositive Power 464,439
Person With 8) Shared Dispositive Power 0
9) Aggregate Amount Beneficially Owned by Each Reporting Person
464,439 shares
10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)________________________________
<PAGE>
11) Percent of Class Represented by Amount in Row 9.... 7.48%
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)
<PAGE>
(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: 464,439
(b) Percent of Class: 7.48%
(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 464,439
(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.
1/6/99
_______________________
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
