FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB APPROVAL

Check this box if no longer

OMB Number: 3235-0287

subject to Section 16. Form 4 or

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Expires: January 31, 2005

Form 5 obligations may continue.

Estimated average burden

See Instruction 1(b).

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility

hours per response. . . . . . .0.5

(Print or Type Responses)

Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person*

2. Issuer Name and Ticker or Trading Symbol

6. Relationship of Reporting Person(s) to Issuer

(Check all applicable)

White

Richard

C.

Community Bancorp.

CMTV

__X___Director

_____ 10% Owner

(Last)

(First)

(Middle)

3. I.R.S. Identification

4. Statement for

__X___Officer (give

_____ Other (specify below)

Number of Reporting

Month/Day/Year

title below)

286 Caswell Avenue

Person, if an entity

12/30/2002

President

(Street)

(Voluntary)

5. If Amendment, Date of

7. Individual or Joint/Group Filing (Check Applicable Line)

Derby Line

VT

05830

Original (Month/Day/Year)

_X_Form filed by One Reporting Person

(City)

(State)

(Zip)

###-##-####

___Form filed by More than One Reporting Person

Table 1 - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security

2. Trans-

2A.

3. Transaction

4. Securities Acquired (A)

5. Amount of

6. Ownership

7. Nature of

(Instr. 3)

action

Deemed

Code

or Disposed of (D)

Securities

Form:

Indirect

Date

Execution

(Instr. 8)

(Instr. 3, 4 and 5)

Beneficially

Direct (D)

Beneficial

Date, if

Owned

or Indirect

Ownership

any

Following

(I)

(Month/

(Month/

(A)

Reported

Day/

Day/

or

Transaction(s)

Year)

Year)

Code

V

Amount

(D)

Price

(Instr. 3 and 4)

(Instr. 4)

(Instr. 4)

Community Bancorp. Common Stock

5/1/2002

R

22.8681

A

$14.1000

18,246.1062

D

Community Bancorp. Common Stock

8/1/2002

R

22.5083

A

$14.4880

18,268.6145

D

Community Bancorp. Common Stock

11/1/2002

R

21.0348

A

$15.6740

18,289.6493

D

Community Bancorp. Common Stock

B (1)

1,759.2690

A

38,610.3720

I

401K Plan

Community Bancorp. Common Stock

B (2)

131.9810

A

635.6080

I

Money Purchase Plan

Community Bancorp. Common Stock

4,645.0000

D

IRA

Community Bancorp. Common Stock

12/30/2002

G

500.0000

D

N/A

17,789.6493

D

B(1) These shares were acquired by the Trustee of the Company's 401K Plan during the course of 2002 through the Company's Dividend Reinvestment Plan at a price range of

$13.95 to $16.25 per share.

B(2) These shares were acquired by the Trustee of the Company's Money Purchase Plan from 01/01/02 to 07/31/02 through the Company's Dividend Reinvestment Plan at a price

of $13.95 per share. On 07/31/02, the Company's Money Purchase Plan was merged with the Company's 401K Plan, bringing total in 401K to 39,245.9800 shares.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

*If the form is filed by more than one reporting person, see Instruction 4(b)(v).

SEC 1474 (9-02)

**Intentional misstatements or ommissions of facts constitute Federal Criminal

Violations. See 18 U.S.C. 1001 and U.S.C. 78ff(a).

/s/Richard C. White

12/30/2002

Persons who respond to the collection of information contained in this form are not required

**Signature of Reporting Person

Date

to respond unless the form displays a currently valid OMB control number.

NOTE: Table II Not Applicable at this time