SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Information Statement pursuant to Rule 13d-1 and 13d-2
(AMENDMENT NO.4)
The Beard Company
(NAME OF ISSUER)
COMMON STOCK
(TITLE OF CLASS OF SECURITIES)
07384R309
(CUSIP NUMBER)
Check the following box if a fee is being paid with this
statement [ ]: (A fee is not required only if the filing person:
(1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of securities
described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7).
* The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be 'filed' for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
1. NAME OF REPORTING PERSON
The Beard Group 401(k) Plan
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 73-1284770
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (A) [ ]
(B) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Oklahoma
NUMBER OF SHARES BENEFICIALLY OWNED AS OF DECEMBER 31, 1998 BY EACH
REPORTING PERSON WITH
5. SOLE VOTING POWER -0-
6. SHARED VOTING POWER 252,977
7. SOLE DISPOSITIVE POWER -0-
8. SHARED DISPOSITIVE POWER 252,977
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 252,977
(Not to be construed as an admission of beneficial ownership)
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.83%
12. TYPE OF REPORTING PERSON*
EP
<PAGE>
Item 1 (a) Name of Issuer:
THE BEARD COMPANY
Item 1 (b) Address of Issuer's Principal Executive Offices:
5600 North May, Suite 320
Oklahoma City, Oklahoma 73112
Item 2 (a) Name of Person Filing:
The Beard Group 401(k) Plan
Item 2 (b) Address of Principal Business Office:
100 North Broadway Avenue Oklahoma City, Oklahoma 73102
Item 2 (c) Citizenship:
Oklahoma
Item 2 (d) Title of Class of Securities:
Common Stock, par value $.001
Item 2 (e) CUSIP Number:
07384R309
Item 3 Type of Reporting Person:
Not Applicable
Item 4 Ownership as of December 31, 1998:
(a) Amount Beneficially Owned:
252,977 shares
(b) Percent of Class:
9.83%
(c) Deemed Voting Power and Disposition Power:
(i) sole power to vote or to direct the vote -0-
(ii) shared power to vote or to direct the vote 252,977
(iii) sole power to dispose or to direct the
disposition of -0-
(iv) shared power to dispose or to direct the
disposition of 252,977
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:
Participants in THE BEARD GROUP 401(k) PLAN have the
right to direct the receipt of dividends from, and all
proceeds of sale of, shares of Common Stock in
accordance with the terms of the Plan, and in
accordance with applicable law.
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 Notice of 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, compete and correct.
Date: February 5, 1999
Signatures: THE BEARD GROUP 401(k) PLAN
By: BANK ONE Trust Company, N.A.,
Trustee
PHYLLIS SYTH
By: Phyllis Syth
Title: Vice President
<PAGE>
ACKNOWLEDGMENT - 1998 SCHEDULE 13G
I, Phyllis Syth, do hereby acknowledge and adopt my
signature as typed on the Schedule 13G, Amendment No. 4, filed
electronically with the Securities and Exchange Commission on
behalf of The Beard Group 401(k) Plan, as required by 17 C.F.R.
Section 232.302(b), on this 5th day of February, 1999.
PHYLLIS SYTH
Phyllis Syth
