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 4,1999 
  
  
  				 FRANKLIN FINANCIAL SERVICES CORPORATION        
     (Exact name of registrant as specified in its charter)
  
   Pennsylvania                       0-12126               23-144083 
   (State or other jurisdiction    (Commission           (IRS Employer
   of incorporation)               File Number)          Ident. No.)
  
  
  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 4,1999 and attached hereto as Exhibit 99, relates to the authorization 
  of a special cash dividend of $.40 per share which is payable on 
  April 15, 1999 to shareholders of record as of the close of business on 
  March 22, 1999. 
  
  
  Item 7.      Financial Statements and Exhibits.
  
  	   
  	Exhibits
  
  The following exhibits are filed herewith:
  
  Number          Description              Page Number
  
    99   Press Release, dated March 4,1999       3
  	   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 8, 1999
  
  
  
  
  
  News Release - March 4, 1999
  FRANKLIN FINANCIAL SERVICES CORPORATION
  Kenneth C. Ditzler (717) 261-3665
  
  
  
  
  Franklin Financial declares Special Cash Dividend
  
  
  (Chambersburg, PA) --- Franklin Financial Services Corporation, the bank 
  holding company of F&M Trust Company, today announced that its Board of 
  Directors has declared a special cash dividend of $.40 per share.
  
  The total payout, based upon 2,793,625 shares outstanding as of 
  March 4, 1999, will be $1,117,600.  The special cash dividend of $.40 per 
  share is payable on April 15, 1999 to shareholders of record as of the close 
  of business on March 22, 1999.
  
  The payment of the special cash dividend is made possible by our strong 
  capital position and reflects our continuing commitment to enhancing 
  long-term shareholder value, commented William E. Snell, Jr., President 
  and Chief Executive Officer. We are delighted with the special dividend 
  and we believe that it will be well received by our shareholders.  It is 
  a reflection of our strong financial position and the successful 
  implementation of our long-term strategy of profitable growth.
  
  Franklin Financial Services Corporation is a Chambersburg, Pennsylvania 
  based bank holding company with assets of approximately $425 million at 
  year end 1998. Its wholly-owned subsidiary, F&M Trust Company, is an 
  independent community bank which operates 12 community offices in Franklin 
  and Cumberland Counties, Pennsylvania.
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 3330}]
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": "99559774"}, "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 4,1999 
  
  				 FRANKLIN FINANCIAL SERVICES CORPORATION        
     (Exact name of registrant as specified in its charter)
  
   Pennsylvania                       0-12126               23-144083 
   (State or other jurisdiction    (Commission           (IRS Employer
   of incorporation)               File Number)          Ident. No.)
  
  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 4,1999 and attached hereto as Exhibit 99, relates to the authorization 
  of a special cash dividend of $.40 per share which is payable on 
  April 15, 1999 to shareholders of record as of the close of business on 
  March 22, 1999. 
  
  Item 7.      Financial Statements and Exhibits.
  
  	   
  	Exhibits
  
  The following exhibits are filed herewith:
  
  Number          Description              Page Number
  
    99   Press Release, dated March 4,1999       3
  	   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 8, 1999
  
  News Release - March 4, 1999
  FRANKLIN FINANCIAL SERVICES CORPORATION
  Kenneth C. Ditzler (717) 261-3665
  
  Franklin Financial declares Special Cash Dividend
  
  (Chambersburg, PA) --- Franklin Financial Services Corporation, the bank 
  holding company of F&M Trust Company, today announced that its Board of 
  Directors has declared a special cash dividend of $.40 per share.
  
  The total payout, based upon 2,793,625 shares outstanding as of 
  March 4, 1999, will be $1,117,600.  The special cash dividend of $.40 per 
  share is payable on April 15, 1999 to shareholders of record as of the close 
  of business on March 22, 1999.
  
  The payment of the special cash dividend is made possible by our strong 
  capital position and reflects our continuing commitment to enhancing 
  long-term shareholder value, commented William E. Snell, Jr., President 
  and Chief Executive Officer. We are delighted with the special dividend 
  and we believe that it will be well received by our shareholders.  It is 
  a reflection of our strong financial position and the successful 
  implementation of our long-term strategy of profitable growth.
  
  Franklin Financial Services Corporation is a Chambersburg, Pennsylvania 
  based bank holding company with assets of approximately $425 million at 
  year end 1998. Its wholly-owned subsidiary, F&M Trust Company, is an 
  independent community bank which operates 12 community offices in Franklin 
  and Cumberland Counties, Pennsylvania.