SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ______) *
HORIZON FINANCIAL SERVICES CORP.
COMMON STOCK
44041Q101
___
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 of 4
CUSIP NO. 44041Q101 13G PAGE 2 OF 4
1. NAME OF REPORTING PERSON - SS OR IRS IDENTIFICATION NO. OF ABOVE
PERSON
Athena Capital Management, Inc.
23-2520198
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
N/A
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OR ORGANIZATION
621 East Germantown Pike-#105
Plymouth Valley, PA 19401
_______________________________________________________________________
______________
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORT PERSON WITH:
5. SOLE VOTING POWER: 0
6. SHARED VOTING POWER: 66,570
7. SOLE DISPOSITIVE POWER: 0
8. SHARED DISPOSITIVE POWER: 66,570
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
66,570
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDED CERTAIN
SHARES *
N/A
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.82%
12. TYPE OF REPORTING PERSON *
IA
PAGE 3 OF 4
13G FILING
Item 1 (a) Name of Issuer:
Horizon Financial Services Corporation
Item 1 (b) Address of Issuer's Principal Executive Offices:
301 First Avenue East
Oskaloosa, IA 52577
Item 2 (a) Name of Person Filing:
Athena Capital Management, Inc.
Item 2 (b) Address of Principal Business Office:
621 East Germantown Pike-#105
Plymouth Valley, PA 19401
Item 2 (c) Citizenship:
N/A
Item 2 (d) Title of Class of Securities:
Common Stock
Item 2 (e) CUSIP Number:
44041Q101
Item 3 This statement is filed pursuant to Rules 13d-1(b) and
13d-2(b) and the filing person is an:
(e) Investment Advisor registered under Section
203 of the Investment Advisors Act of 1940
Item 4 Ownership:
(a) Amount Beneficially Owned: 66,570
(b) Percent of Class: 7.82%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the
vote: 66,570
(iii) sole power to dispose or to direct the
disposition of: 0
(iv) shared power to dispose or to direct the
disposition of: 66,570
Item 5 Ownership of Five Percent or Less of a Class: N/A
PAGE 4 OF 4
Item 6 Ownership of More than Five Percent on Behalf of Another
Person: Clients of reporting person have right to receive dividends
from and proceeds of sale of subject securities. None has more than
five percent of the class.
Item 7 Identification and Classification of the subsidiary
Which Acquired the Security Being Reported on by the
parent Holding Company: N/A
Item 8 Identification and Classification of Members of the
Group: N/A
Item 9 Notice of Dissolution of Group: N/A
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.
January 26, 1998_
Date
By __________________________________
Signature
David P. Cohen / President
Name/Title
