Date:    4/7/99  10:29 AM

Subject: File No. S7-30-98

ATT:  Jonathan G. Katz, Secretary
            U.S. Securities and Exchange Commission 
            450 Fifth Street NW, Stop 6-9
            Washington, DC  20549
     
Dear Mr. Katz:
     
On behalf of our company, I am writing in opposition to the proposed rule to 
shorten the filing periods for forms 10-K and 10-Q.   We believe that any 
possible benefits that could be derived by the shareholder would be 
outweighed by the additional strains placed on our accounting personnel and 
potential increased expense and coordination difficulties that would occur 
with our external auditors and attorneys.  
     
We believe that the shortened time frame would be especially troublesome for 
preparation of the 10-K.  For our small company, it is indeed a struggle each 
year to not only assemble the required information for the external audit but 
to prepare the numerous schedules required for the 10-K filing in the 90-day 
time period.  By shortening this period, our company could incur additional 
compensation expense which would certainly not be in the bests interests of 
our shareholders.
     
Like most companies, we strive to release our earnings as soon as possible 
after the end of the period.  We believe that this is primarily the 
information for which our shareholders and potential shareholders are anxious.
     
We appreciate your attention to our comments.
     
Sincerely,
     
Don D. Jennings
Chief Financial Officer
Frankfort First Bancorp, Inc.  (FKKY--Nasdaq) 
216 W Main Street
P.O. Box 535
Frankfort, KY  40602
(502) 223-1638