UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 12)*
_______________
Franklin Financial Services Corporation
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(Name of Issuer)
Common Stock, $1.00 par value
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(Title of Class of Securities)
353525108
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(CUSIP Number)
December 31, 2001 - Amendment pursuant to Rule 13d-2(b)
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(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).
SCHEDULE 13G
CUSIP NO. 353252108
1. NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Farmers and Merchants Trust Company of Chambersburg Trust
Department
IRS Identification Number: 23-0570230
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Pennsylvania
5. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE VOTING POWER
149,961 shares
6. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED VOTING POWER
17,453 shares
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE DISPOSITIVE POWER
149,961 shares
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED DISPOSITIVE POWER
17,453 shares
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
167,414 shares
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.2%
12. TYPE OF REPORTING PERSON*
BK
Item 1(a). Name of Issuer: Franklin Financial Services
Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
20 South Main Street, P.O. Box 6010,
Chambersburg, Pennsylvania 17201
Item 2(a). Name of Person Filing: Farmers and Merchants
Trust Company of Chambersburg Trust Department
Item 2(b). Address of Principal Business Office or, if None,
Residence: 20 South Main Street, P.O. Box 6010,
Chambersburg, Pennsylvania 17201
Item 2(c). Citizenship: Pennsylvania
Item 2(d). Title of Class of Securities: Common Stock,
$1.00 par value per share
Item 2(e). CUSIP Number: 353252108
Item 3. If this statement is filed pursuant to Rule 13d-
1(b) or 13d-2(b) or (c), check whether the person
filing is a:
(a) [ ] Broker or dealer registered under
section 15 of the Act (15 U.S.C. 78c).
(b) [ ] Bank as defined in section 3(a)(6) of the
Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in
section 3(a)(19) of the Act (15 U.S.C.
78c).
(d) [ ] Investment company registered under
section 8 of the Investment Company Act of
1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with
Rule 13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund
in accordance with Rule 13d-
1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person
in accordance with Rule 13d-
1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in
section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813).
(i) [ ] A church plan that is excluded from the
definition of an investment company under
section 3(c)(14) of the Investment Company
Act of 1940 (15 U.S.C. 80a-3).
(j) [ ] Group, in accordance with Rule 13d-
1(b)(1)(ii)(J).
Item 4. Ownership.
(a) Amount Beneficially Owned: 167,414 shares.
(b) Percent of Class: 6.2%.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
149,961 shares
(ii) shared power to vote or to direct the vote:
17,453 shares
(iii) sole power to dispose or to direct the
deposition of: 149,961 shares
(iv) shared power to dispose or to direct the
deposition of: 17,453 shares
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of
the date hereof the Reporting Persons have ceased to be the
beneficial owners of more than five percent of the Common Stock
of the Issuer, 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 or Control Person.
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. Certifications.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and
are not held 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.
Date: February 12, 2002 FARMERS AND MERCHANTS TRUST
COMPANY OF CHAMBERSBURG TRUST
DEPARTMENT
By: /s/ Allen C. Rebok
Allen C. Rebok,
Senior Vice President