UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 13)*
_______________
Franklin Financial Services Corporation
(Name of Issuer)
Common Stock, $1.00 par value
(Title of Class of Securities)
353525108
(CUSIP Number)
December 31, 2002 - Amendment pursuant to Rule 13d-2(b)
(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 Page 2 of 7 Pages
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
-----------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Pennsylvania
5. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE VOTING POWER
137,575 shares
6. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED VOTING POWER
1,305 shares
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE DISPOSITIVE POWER
137,575 shares
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED DISPOSITIVE POWER
1,305 shares
Page 3 of 7 Pages
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
138,880 shares
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.2%
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:
Page 4 of 7 Pages
(a) Broker or dealer registered under section 15 of
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: 138,880 shares.
(b) Percent of Class: 5.2%.
Page 5 of 7 Pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote: 137,575 shares
(ii) shared power to vote or to direct the
vote: 1,305 shares
(iii) sole power to dispose or to direct the
deposition of: 137,575 shares
(iv) shared power to dispose or to direct the
deposition of: 1,305 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.
Page 6 of 7 Pages
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.
Page 6 of 7 Pages
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, 2003 FARMERS AND MERCHANTS TRUST
COMPANY OF CHAMBERSBURG TRUST
DEPARTMENT
By: / s/Allen C. Rebok
-------------------------------
Allen C. Rebok,
Senior Vice President