SIMPSON MANUFACTURING CO INC /CA/
SC 13D/A, 1998-06-23
CUTLERY, HANDTOOLS & GENERAL HARDWARE
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                              UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C. 20549

                              SCHEDULE 13D

               Under the Securities Exchange Act of 1934
                           (Amendment No. 1)


                    Simpson Manufacturing Co., Inc.
                           (Name of Issuer)

                             Common Stock

- ---------------------------------------------------------------------------

                    (Title of Class of Securities)

                              829073105
                           (CUSIP Number)

                      Carolyn S. Reiser, Esq.
                   Shartsis Friese & Ginsburg LLP
                   One Maritime Plaza, 18th Floor
                      San Francisco, CA 94111
                           (415)421-6500
- ---------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices 
and Communications)

                           March 2, 1998
      (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to 
report the acquisition which is the subject of this Schedule 13D, and is 
filing this schedule because of Rule 13d-1(b)(3) or (4), check the 
following box / /.

Check the following box if a fee is being paid with the statement / /.  
(A fee is not required only if the reporting 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.)

NOTE:  Six copies of this statement, including all exhibits, should be 
filed with the Commission.  See Rule 13d-1(a) for other parties to whom 
copies are to be sent.

* 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 disclosures provided in a prior cover page.

The information required on 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).

                                                           SEC 1746 (12-91)

<PAGE>
SCHEDULE 13D

CUSIP No. 829073105                                       Page 2 of 6 Pages

- ---------------------------------------------------------------------------
1  NAME OF REPORTING PERSON
   SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON

   Simpson PSB Fund
- ---------------------------------------------------------------------------
2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)    / /
                                                                 (b)    / /
- ---------------------------------------------------------------------------
3  SEC USE ONLY
- ---------------------------------------------------------------------------
4  SOURCE OF FUNDS*
   00
- ---------------------------------------------------------------------------
5  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO 
   ITEMS 2(d) or 2(E)                                                   / /
- ---------------------------------------------------------------------------
6  CITIZENSHIP OR PLACE OF ORGANIZATION
   California
- ---------------------------------------------------------------------------
   NUMBER OF     7  SOLE VOTING POWER
    SHARES          12,500
 BENEFICIALLY    ----------------------------------------------------------
   OWNED BY      8  SHARED VOTING POWER
     EACH           0
   REPORTING     ----------------------------------------------------------
    PERSON       9  SOLE DISPOSITIVE POWER
     WITH           12,500
                 ----------------------------------------------------------
                 10 SHARED DISPOSITIVE POWER
                    0
- ---------------------------------------------------------------------------
11  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    12,500
- ---------------------------------------------------------------------------
12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 
                                                                        / /
- ---------------------------------------------------------------------------
13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    0.1
- ---------------------------------------------------------------------------
14  TYPE OF REPORTING PERSON*
    CO
- ---------------------------------------------------------------------------
                 *SEE INSTRUCTIONS BEFORE FILLING OUT!
      INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
  (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.

<PAGE>
SCHEDULE 13D

CUSIP No. 829073105                                       Page 3 of 6 Pages

ITEM 1.  SECURITY AND ISSUER.

This statement relates to shares of Common Stock (the "Stock") of Simpson 
Manufacturing Co., Inc., a California corporation ("SMCO").  The principal 
executive office of SMCO is located at 4637 Chabot Drive, Suite 200, P.O. 
Box 10789, Pleasanton, California 94588.


ITEM 2.  IDENTITY AND BACKGROUND.

The persons filing this statement and the persons enumerated in Instruction 
C of Schedule 13D and, where applicable, their respective places of 
organization, general partners, directors, executive officers and 
controlling persons, and the information regarding them, are as follows:

  (a)  Simpson PSB Fund is a California nonprofit public benefit corporation 
("PSB").  Charles A. Lee ("Lee") is the president, secretary and  a director 
of PSB.  Jules F. Bonjour, Jr. ("Bonjour") is the vice president and a 
director of PSB.

  (b)  The business address of PSB is 3669 Mount Diablo Boulevard, 
Lafayette, California  94549.  The business addresses of Lee and Bonjour 
are 1 Bates Boulevard, Suite 300, Orinda, California 94563, and 24301 
Southland Drive, Hayward, California 94545, respectively.

  (c)  See Item No. 2(a) and (b) for PSB.  Lee and Bonjour are practicing 
attorneys. Lee is a partner of Guidotti and Lee, and Bonjour is a 
shareholder of Bonjour and Thorman.  See Item 2(b) for the business 
addresses of these firms. 

  (d)  During the last five years, none of such persons has been convicted 
in a criminal proceeding (excluding traffic violations or similar 
misdemeanors).

  (e)  During the last five years, none of such persons was a party to a 
civil proceeding of a judicial or administrative body of competent 
jurisdiction and as a result of such proceeding was or is subject to a 
judgment, decree or final order enjoining future violations of, or 
prohibiting or mandating activities subject to, federal or state securities 
laws or finding any violation with respect to such laws.

  (f)  Lee and Bonjour are U.S. citizens.

ITEM 3.  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

The source and amount of funds used in purchasing the Stock were as follows:


Purchaser  Source of Funds  Amount
- ---------  ---------------  ------

PSB        Other               -0-


<PAGE>
SCHEDULE 13D

CUSIP No. 829073105                                       Page 4 of 6 Pages

ITEM 4.  PURPOSE OF TRANSACTION.

PSB acquired the Stock as a gift.

ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER.

The beneficial ownership of the Stock of the person named in Item 2 of 
this statement is as follows at the date hereof:


<TABLE>
<CAPTION>
                  Aggregate
              Beneficially Owned         Voting Power         Dispositive Power
            ----------------------  ----------------------  ----------------------
   Name       Number     Percent       Sole       Shared       Sole       Shared
- ----------  ----------  ----------  ----------  ----------  ----------  ----------
<S>         <C>         <C>         <C>         <C>         <C>         <C>
PSB             12,500         0.1      12,500           0      12,500           0

</TABLE>

PSB sold 1,387,500 shares of Stock pursuant to a Registration Statement 
on Form S-3 on March 2, 1998, on which date PSB ceased to be the 
beneficial owner of more than five percent of the outstanding Stock.  
PSB has not effected any other transactions in the Stock since January 2, 
1998.


ITEM. 6.  CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH 
          RESPECT TO SECURITIES OF THE ISSUER.

None.

<PAGE>
SCHEDULE 13D

CUSIP No. 829073105                                       Page 5 of 6 Pages


ITEM 7.  MATERIAL TO BE FILED AS EXHIBITS.

Power of Attorney

SIGNATURES

  After reasonable inquiry and to the best of my knowledge, I certify that 
the information set forth in this statement is true, complete and correct.

DATED:  June 22, 1998
        -------------

SIMPSON PSB FUND




By:  /s/ Stephen B. Lamson
     ---------------------
     Stephen B. Lamson,
     Attorney-In-Fact

<PAGE>
SCHEDULE 13D

CUSIP No. 829073105                                       Page 6 of 6 Pages

                                EXHIBIT

POWER OF ATTORNEY 

The undersigned hereby constitutes and appoints Barclay Simpson, Thomas J 
Fitzmyers and Stephen B. Lamson as their true and lawful agents and 
attorneys-in-fact, with full power and authority for and on behalf of the 
undersigned to prepare or cause to be prepared, sign, file with the SEC and 
furnish to any other person all certificates, instruments, agreements and 
documents necessary to comply with section 13(d) and section 16(a) of the 
Securities Exchange Act of 1934, as amended, in connection with said Stock, 
and to do and perform every act necessary and proper to be done incident to 
the exercise of the foregoing power, as fully as the undersigned might or 
could do if personally present.

DATED:  October 9, 1997
        ---------------

SIMPSON PSB FUND



By:  /s/ Charles A. Lee
     ------------------------
     Charles A. Lee
     President



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