CENTRAL PARKING CORP
4, 1999-01-08
AUTOMOTIVE REPAIR, SERVICES & PARKING
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FORM 4                                                                                                          OMB APPROVAL    
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                                                                                                         OMB NUMBER:  3235-0287
                                                                                                         EXPIRES: SEPTEMBER 30, 1998
                                                                                                         ESTIMATED AVERAGE BURDEN
                                                                                                         HOURS PER RESPONSE....0.5
                                                                                                         ---------------------------


                             UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                                         WASHINGTON, DC 20549
                                       
                               STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / CHECK THIS BOX IF NO                                                     
    LONGER SUBJECT TO         Filed pursuant to Section 16(a) of the Securities 
    SECTION 16. FORM 4            Exchange Act of 1934, Section 17(a) of the 
    OR FORM 5 OBLIGATIONS         Public Utility Holding Company Act of 1935
    MAY CONTINUE. SEE              or Section 30(f) of the Investment Company
    INSTRUCTION 1(b).                           Act of 1940               


(Print or Type Responses)
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 1. Name and Address of Reporting Person*      2. Issuer Name and Ticker or Trading Symbol   6. Relationship of Reporting Person to
    SADLER, PHILLIP EUGENE                        CENTRAL PARKING CORPORATION (CPC)                 Issuer (Check all applicable)
- ---------------------------------------------  ----------------------------------------------    X  Director         10% Owner
  (Last)          (First)          (Middle)    3. IRS Identification      4. Statement for      ----              ---
 700 CENTRAL PARKWAY  SUITE 600                   Number of Reporting        Month/Year             Officer          Other 
- ---------------------------------------------     Person, if an Entity       DECEMBER 1998      ----(give         ---(Specify
                 (Street)                         (Voluntary)             ------------------        title            below)
 ATLANTA,            GA            30328                                  5. If Amendment,          below) 
- ---------------------------------------------                                Date of Original --------------------------------------
  (City)           (State)           (Zip)                                   (Month/Year)              
                                                                                             7. Individual or Joint/Group Filing
                                                                          ------------------    (Check Applicable Line)
                                                                                                 X    Form filed by One 
                                                                                                ----  Reporting Person
                                                                                                      Form filed by More than
                                                                                                ----  One Reporting Person
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                         TABLE 1 - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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 1. Title of Security           2. Trans-   3. Transac-  4. Securities Acquired (A)  5.  Amount of Se-    6. Owner-      7. Nature  
    (Instr. 3)                     action      tion         or Disposed of (D)           curities Benefi-    ship           of In-  
                                   Date        Code         (Instr. 3, 4 and 5)          cially Owned at     Form:          direct  
                                               (Instr. 8)                                End of Month        Direct         Benefi-
                                  (Month/                                                (Instr. 3 and 4)    (D) or         cial
                                   Day/     ---------------------------------------                          Indirect       Owner- 
                                   Year)    Code    V       Amount   (A) or   Price                          (I)            ship   
                                                                     (D)                                     (Instr. 4)     (Instr.
                                                                                                                            4)     
<S>                             <C>         <C>          <C>                         <C>                  <C>        <C>       
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Common Stock                     12/04/98    P             1,080      A        $28.3125            7,018       D
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Common Stock                     12/04/98    P             1,000      A        $28.5000            1,000       I     by Partnership
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Common Stock                     12/04/98    P             3,500      A        $28.8125            5,700       I     by Spouse
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Reminder: Report on a separate line for each class of                                                                     (Over)
securities beneficially owned directly or indirectly.                                                               SEC 1474(7-97)
*If the form is filed by more than one reporting person, 
see Instruction 4(b)(v).Potential persons who are to respond 
to the collection of information contained in this form are 
not required to respond unless the form displays a currently 
valid OMB control number.
                                                                      
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FORM 4 (CONTINUED)        TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
                                  (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)

<S>                       <C>          <C>        <C>         <C>              <C>             <C>                   <C>          
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1. Title of Derivative    2. Conver-   3. Trans-  4. Trans-   5. Number of     6. Date Exer-   7. Title and Amount   8. Price     
   Security                  sion or      action     action      Derivative       cisable and     of Underlying         of        
   (Instr. 3)                Exercise     Date       Code        Securities       Expiration      Securities            Deriv-    
                             Price of     (Month/    (Instr.     Acquired (A)     Date            (Instr. 3 and 4)      ative     
                             Deriv-       Day/       8)          or Disposed      (Month/Day/                           Secur-    
                             ative        Year)                  of (D)           Year)                                 ity       
                             Security                            (Instr. 3,                                             (Instr. 5)
                                                                 4, and 5)     -----------------------------------             
                                                                               Date    Expira-            Amount or            
                                                  ---------------------------- Exer-   tion       Title   Number of            
                                                    Code  V     (A)     (D)    cisable Date               Shares               
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<S>                          <C>                    <C>                         <C>                              
1. Title of Derivative       9. Number of           10. Ownership               11. Nature of                              
   Security                     derivative              Form of                     Indirect                     
   (Instr. 3)                   Securities              Derivative                  Beneficial                   
                                Beneficially            Security:                   Ownership                    
                                Owned at End            Direct (D)                  (Instr. 4)                   
                                of Month                or Indirect (I)                                          
                                (Instr. 4)              (Instr. 4)                                               
                                                                                 
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Explanation of Responses:
 
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.    /s/ P.E. Sadler                 1/4/99
  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).                                                  ------------------------------- -------
                                                                                             **Signature of Reporting Person   Date
                                         

Note: File three copies of this Form, one of which must be manually signed.                                                
      If space is insufficient, see Instruction 6 for procedure.                                                    

Potential persons who are to respond to the collection of information contained                                           Page 2
in this form are not required to respond unless the form displays a currently                                    SEC 1474 (7-97)  
valid OMB Number.
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