UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
___________________
FIRST KEYSTONE CORPORATION
__________________________
(Name of Issuer)
COMMON STOCK, PAR VALUE $2.00 PER SHARE
_______________________________________
(Title of Class of Securities)
320654205
_____________
(CUSIP Number)
December 31, 2004
______________________________________________________
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 5 pages
CUSIP NO. 320654205 13G
1. NAME OF REPORTING PERSON
Frederick E. Crispin, Jr.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
2. CHECK THE APPROPRIATE LETTER IF A MEMBER OF A GROUP
(a)
(b)
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION: NEW JERSEY, USA
5. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE VOTING POWER: 174,251
6. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED VOTING POWER: 12,577
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE DISPOSITIVE POWER: 174,251
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED DISPOSITIVE POWER: 12,577
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 186,828
10. CHECK IF THE AGGREGATE AMOUNT IN NUMBER 9 EXCLUDES CERTAIN
SHARES:
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN NUMBER 9: 4.25%
12. TYPE OF REPORTING PERSON: IN
Page 2 of 5 pages
SCHEDULE 13G
ITEM 1.
(a) Name of Issuer:
First Keystone Corporation
(b) Address of Issuer's Principal Executive Offices:
111 West Front Street, Berwick, Pennsylvania 18603
ITEM 2.
(a) Name of Person Filing:
Frederick E. Crispin, Jr.
(b) Address of Principal Business Office or, if none,
Residence:
3 Cedarbrook Terrace, Princeton, New Jersey 08540
(c) Citizenship: USA
(d) Title of Class of Securities:
Common stock, par value $2.00 per share
(e) CUSIP Number:
320654205
Item 3. Not Applicable.
Page 3 of 5 pages
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned: 186,828 shares
(b) Percent of Class: 4.25%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
174,251
(ii) shared power to vote or to direct the vote:
12,577
(iii) sole power to dispose or to direct the
disposition of: 174,251
(iv) shared power to dispose or to direct the
disposition of: 12,577
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON
Not applicable.
Page 4 of 5 pages
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTING 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
(a) Not Applicable.
(b) By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were not acquired for the purpose of or with
the effect of changing or influencing the control of
the issuer of the securities and were not acquired
and are not held in connection with or as a
participant in any transaction having that purpose or
effect.
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.
January 25, 2005
/s/ Frederick E. Crispin, Jr.
Frederick E. Crispin, Jr.
Page 5 of 5 pages