content: SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549
  
  
                            FORM 8-K
  
                         CURRENT REPORT
  
               Pursuant to Section 13 or 15(d) of
               The Securities Exchange Act of 1934
  
   Date of Report (Date of earliest event reported)    March 2, 2000
  
             FRANKLIN FINANCIAL SERVICES CORPORATION
   (Exact name of registrant as specified in its new charter)
  
     Pennsylvania           0-12126            23-144083
      (State or other      (Commission         (IRS Employer
      jurisdiction          File Number)       Indent. No.)
      of incorporation)
  
  
  
             20 South Main Street, Chambersburg, PA
                              17201
             (Address of principal executive office)
                           (Zip Code)
  
       Registrant's telephone number, including area code
                         (717) 264-6116
  
                               N/A
      (Former name or former address, if changes since last
                             report)
  
  
  Item 5.  Other Events.
  
       The press release of Franklin Financial Services
  Corporation dated March 2, 2000 and attached
  hereto as Exhibit 99, which press release relates to the
  authorization to repurchase up to 75,000 shares of common
  stock in open market or privately negotiated transactions,
  is incorporated by reference herein.
  
  Item 7.  Financial Statements and Exhibits.
  
       (c)  Exhibits.
  
       The following exhibits are filed herewith:
  
  Number                Description                    Page Number
   99                   Press Release, dated March 2,        3
                        2000, of  Franklin Financial
                        Services Corporation
  
  
  
  SIGNATURES
  
       Pursuant to the requirements of the Securities Exchange
  Act of 1934, the registrant has duly caused this report to
  be signed on its behalf by the undersigned hereunto duly
  authorized.
  
  
                           FRANKLIN FINANCIAL
                           SERVICES CORPORATION
  
                           By:_/s/ William E. Snell Jr
                           --------------------------------
                           William E. Snell, Jr., President
                           and Chief Executive Officer
  
  Dated:  March 2, 2000
  
  
  
                          PRESS RELEASE
  
  
  For Immediate Release         Contract:
                           William E. Snell, Jr., President
                           Franklin Financial Services
                           Corporation
                           (717) 264-6116
  
  CHAMBERSBURG, PENNSYLVANIA, March 2, 2000
  
  Franklin Financial Services Corporation, the parent bank holding
  company of Farmers and Merchants Trust Company of
  Chambersburg, today announced that its Board of Directors
  has authorized the repurchase of up to 75,000 shares of its
  $1.00 par value common stock, representing approximately
  2.7% of such shares now issued and outstanding.  The
  repurchases are authorized to be made from time to time
  during the next 12 months in open market or privately
  negotiated transactions.
  
  Franklin Financial has repurchased 9,000 shares of its
  common stock during the past 12 months under a repurchase
  program authorized by the Board of Directors last year.
  According to President and Chief Executive Officer
  William E. Snell, Jr., the repurchased shares will be held
  as treasury shares available for issuance in connection with
  future stock dividends and stock splits, employee benefit
  plans, executive compensation plans, the Dividend
  Reinvestment Plan, and other appropriate corporate purposes.
  
  Franklin Financial Services Corporation is a Chambersburg,
  Pennsylvania based bank holding company with assets of
  approximately $445 million.  Its wholly-owned subsidiary,
  Farmers and Merchants Trust Company of Chambersburg, is an
  independent community bank, which operates 11 banking
  offices in Franklin and Cumberland Counties, Pennsylvania.
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metadata_filer: {"company-data": {"conformed-name": "FRANKLIN FINANCIAL SERVICES CORP /PA/", "cik": "0000723646", "assigned-sic": "6022", "irs-number": "251440803", "state-of-incorporation": "PA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-12126", "film-number": "560485"}, "business-address": {"street1": "20 S MAIN ST", "street2": "P O BOX T", "city": "CHAMBERSBURG", "state": "PA", "zip": "17201-0819", "phone": "7172646116"}, "mail-address": {"street1": "P O BOX T", "city": "CHAMBERSBURG", "state": "PA", "zip": "17201"}}
text: SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549
  
                            FORM 8-K
  
                         CURRENT REPORT
  
               Pursuant to Section 13 or 15(d) of
               The Securities Exchange Act of 1934
  
   Date of Report (Date of earliest event reported)    March 2, 2000
  
             FRANKLIN FINANCIAL SERVICES CORPORATION
   (Exact name of registrant as specified in its new charter)
  
     Pennsylvania           0-12126            23-144083
      (State or other      (Commission         (IRS Employer
      jurisdiction          File Number)       Indent. No.)
      of incorporation)
  
             20 South Main Street, Chambersburg, PA
                              17201
             (Address of principal executive office)
                           (Zip Code)
  
       Registrant's telephone number, including area code
                         (717) 264-6116
  
                               N/A
      (Former name or former address, if changes since last
                             report)
  
  Item 5.  Other Events.
  
       The press release of Franklin Financial Services
  Corporation dated March 2, 2000 and attached
  hereto as Exhibit 99, which press release relates to the
  authorization to repurchase up to 75,000 shares of common
  stock in open market or privately negotiated transactions,
  is incorporated by reference herein.
  
  Item 7.  Financial Statements and Exhibits.
  
       (c)  Exhibits.
  
       The following exhibits are filed herewith:
  
  Number                Description                    Page Number
   99                   Press Release, dated March 2,        3
                        2000, of  Franklin Financial
                        Services Corporation
  
  SIGNATURES
  
       Pursuant to the requirements of the Securities Exchange
  Act of 1934, the registrant has duly caused this report to
  be signed on its behalf by the undersigned hereunto duly
  authorized.
  
                           FRANKLIN FINANCIAL
                           SERVICES CORPORATION
  
                           By:_/s/ William E. Snell Jr
                           --------------------------------
                           William E. Snell, Jr., President
                           and Chief Executive Officer
  
  Dated:  March 2, 2000
  
                          PRESS RELEASE
  
  For Immediate Release         Contract:
                           William E. Snell, Jr., President
                           Franklin Financial Services
                           Corporation
                           (717) 264-6116
  
  CHAMBERSBURG, PENNSYLVANIA, March 2, 2000
  
  Franklin Financial Services Corporation, the parent bank holding
  company of Farmers and Merchants Trust Company of
  Chambersburg, today announced that its Board of Directors
  has authorized the repurchase of up to 75,000 shares of its
  $1.00 par value common stock, representing approximately
  2.7% of such shares now issued and outstanding.  The
  repurchases are authorized to be made from time to time
  during the next 12 months in open market or privately
  negotiated transactions.
  
  Franklin Financial has repurchased 9,000 shares of its
  common stock during the past 12 months under a repurchase
  program authorized by the Board of Directors last year.
  According to President and Chief Executive Officer
  William E. Snell, Jr., the repurchased shares will be held
  as treasury shares available for issuance in connection with
  future stock dividends and stock splits, employee benefit
  plans, executive compensation plans, the Dividend
  Reinvestment Plan, and other appropriate corporate purposes.
  
  Franklin Financial Services Corporation is a Chambersburg,
  Pennsylvania based bank holding company with assets of
  approximately $445 million.  Its wholly-owned subsidiary,
  Farmers and Merchants Trust Company of Chambersburg, is an
  independent community bank, which operates 11 banking
  offices in Franklin and Cumberland Counties, Pennsylvania.