U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange
Act of 1934, Section 17(a) of the Public Utility Holding
Company Act of 1935 or Section 30(f) of the Investment
Company Act of 1940
1. Name and Address 2. Date of Event Re- 5. Relationship of
of Reporting Person quiring Statement Reporting
1/26/98 Person to Issuer
X Director 10% Owner
Breeden, Russell III 3. IRS or Social Secu Officer X Other
Number of Reporting President and Director of
c/o Harrington Person (Voluntary) Harrington Bank, FSB, the
Financial Group subsidiary of the Issuer
722 Promenade 4. Issuer Name 6. If Amendment,
Richmond IN 47374 and Ticker Date of Original
Harrington Financial (Month/Day/Year)
Group, Inc. (HFGI)
Table 1 - Non-Derivative Securities Beneficially Owned
1. Title of Security 2.Amt of 3.Ownership 4.Nature of
Securities Form Indirect
Beneficially D or I Beneficial
Owned Ownership
Common Stock,
$0.125 par value
per share 2,400 D
Common Stock,
$0.125 par value
per share 3,750 I By IRA
Common Stock,
$0.125 par value
per share 300 I By spouse
Common Stock,
$0.125 par value By spouse's
per share 500 I IRA
Common Stock,
$0.125 par value
per share 20 I By son
Table II - Derivative Securitites Acquired, Disposed of, or
Beneficially Owned (e.g., puts, calls, warrants,
options, convertible securities)
1.Title of 2.Conver- 3.Trans- 4.Trans- 5.Number 6.Date
Derivative sion or action action of Deriv- exercis-
Security Exercise Date Code ative able and
Price of Securi- Expira-
Deri- ties tion Date
vative Acquired
Security (A) or
Disposed
Code V of (D) Date Exp
Exer- Date
cisable
Options $12.50 1/13/98 M V 3,000 A * 1/13/08
7.Title and 8.Price 9.Number 10. Owner-
Amount of of of deriv- ship
Underlying Deriv- ative Form of
Securities ative Secur- Deriv-
Secur- ities ative
ity Bene- Secur-
ficially ity
Owned Direct
at End (D) or
of Month Indirect
(I)
Title Amount
Common stock
$.125 par
value per
share 3,000 $0 3,000 D
Explanation of Responses:
/S/Russell Breeden, III 2/5/98
Signature of Reporting Person Date
