<PAGE>
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
HAYWOOD BANCSHARES, INC.
--------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $1.00 PER SHARE
--------------------------------------------------
(Title of Class of Securities)
421334 10 3
--------------------
(CUSIP Number)
Larry R. Ammons
Haywood Bancshares, Inc.
370 North Main Street
Waynesville, North Carolina 28786
(704) 456-9092
---------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
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 the section of the Act but shall be
subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 4 pages<PAGE>
<PAGE>
CUSIP No. 421334 10 3 13G Page 2 of 4 Pages
-----------
1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
LARRY A. AMMONS
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [ ]
(b) [ X ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF 5. SOLE VOTING POWER 2,170
SHARES
BENEFICIALLY 6. SHARED VOTING POWER 55,205
OWNED BY
EACH 7. SOLE DISPOSITIVE POWER: 22,170
REPORTING
PERSON WITH 8. SHARED DISPOSITIVE POWER: 55,205
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 77,375
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES*: [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 6.38%
12. TYPE OF REPORTING PERSON* IN
Page 2 of 4 pages<PAGE>
<PAGE>
Item 1(a) NAME OF ISSUER: Haywood Bancshares, Inc.
--------------
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
-----------------------------------------------
370 North Main Street
Waynesville, North Carolina 28786
Item 2(a) NAME OF PERSON(S) FILING: Larry R. Ammons
------------------------
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
------------------------------------
370 North Main Street
Waynesville, North Carolina 28786
(c) CITIZENSHIP: United States
(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $1.00 per share
(e) CUSIP NUMBER: 421334 10 3
Item 3 IF THIS STATEMENT IS FILED UNDER RULE 13D-1(B) OR
RULE 13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
- Not Applicable since this statement is being filed
under Rule 13d-1(c).
Item 4.(a) AMOUNT BENEFICIALLY OWNED: 77,375 shares
-------------------------
(b) PERCENT OF CLASS: 6.38%
----------------
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
--------------------------------------------
(i) sole power to vote or to direct the vote 2,170
(ii) shared power to vote or to direct the vote 55,205
(iii) sole power to dispose or to direct the
disposition of 22,170
(iv) shared power to dispose or to direct the
disposition of 55,205
Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: If
statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class
of securities, check the following: [ ]
Item 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON:
Not Applicable
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:
Not Applicable since statement is not being filed under
Rule 13d-1(b).
Page 3 of 4 pages<PAGE>
<PAGE>
SIGNATURE:
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.
/s/ Larry R. Ammons February 7, 1997
- ----------------------- ----------------
Larry R. Ammons Date