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<SEC-DOCUMENT>0001035704-04-000039.txt : 20040120
<SEC-HEADER>0001035704-04-000039.hdr.sgml : 20040119
<ACCEPTANCE-DATETIME>20040120170927
ACCESSION NUMBER:		0001035704-04-000039
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20040120

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATIONWIDE TRUST CO FSB
		CENTRAL INDEX KEY:			0001216473
		IRS NUMBER:				311592130
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	MAIL ADDRESS:	
		STREET 1:		PO BOX 1412
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78767

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			POWELL INDUSTRIES INC
		CENTRAL INDEX KEY:			0000080420
		STANDARD INDUSTRIAL CLASSIFICATION:	SWITCHGEAR & SWITCHBOARD APPARATUS [3613]
		IRS NUMBER:				880106100
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-43757
		FILM NUMBER:		04533172

	BUSINESS ADDRESS:	
		STREET 1:		8550 MOSLEY DR
		STREET 2:		POST OFFICE BOX 12818
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77075
		BUSINESS PHONE:		7139446900

	MAIL ADDRESS:	
		STREET 1:		8550 MOSLEY DRIVE P O BOX 12818
		STREET 2:		8550 MOSLEY DRIVE P O BOX 12818
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77075

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PROCESS SYSTEMS INC
		DATE OF NAME CHANGE:	19780926
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>d11193sc13g.htm
<DESCRIPTION>SCHEDULE 13G
<TEXT>
<HTML>
<HEAD>
<TITLE>Powell Industries, Inc.</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<TABLE align="right" width="160" border="1" cellspacing="0" cellpadding="1">
<TR><TD align="center" nowrap><FONT size="2">OMB APPROVAL</FONT></TD></TR>
<TR><TD nowrap><FONT size="2">OMB Number: 3235-0145</FONT></TD></TR>
<TR><TD nowrap><FONT size="2">Expires: December 31, 2005</FONT></TD></TR>
<TR><TD nowrap><FONT size="2">Estimated average burden<BR>
hours per response...11</FONT></TD></TR></TABLE>

<BR clear="right">
<BR clear="right">

<P align="center"><FONT size="4">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</FONT><BR>
<FONT size="3">Washington, D.C. 20549</FONT>

<P align="center"><FONT size="5">SCHEDULE 13G</FONT>

<P align="center"><FONT size="2">Under the Securities Exchange Act of 1934</FONT>

<P align="center"><FONT size="2">Powell Industries, Inc.</FONT><BR>
<HR size="1" noshade>
<CENTER><FONT size="2">(Name of Issuer)</FONT></CENTER>

<P align="center"><FONT size="2">Common Stock</FONT><BR>
<HR size="1" noshade>
<CENTER><FONT size="2">(Title of Class of Securities)</FONT></CENTER>

<P align="center"><FONT size="2">739128106</FONT><BR>
<HR size="1" noshade>
<CENTER><FONT size="2">(Cusip Number)</FONT></CENTER>

<P align="center"><FONT size="2">N/A</FONT><BR>
<HR size="1" noshade>
<CENTER><FONT size="2">(Date of Event Which Requires Filing of this
Statement)</FONT></CENTER>

<P><FONT size="2">Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
face="wingdings">&#120;</FONT><FONT size="2">&nbsp;Rule&nbsp;13d-1 (b)</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
face="wingdings">&#111;</FONT><FONT size="2">&nbsp;Rule&nbsp;13d-1 (c)</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
face="wingdings">&#111;</FONT><FONT size="2">&nbsp;Rule&nbsp;13d-1 (d)</FONT>

<P><FONT size="2">*The remainder of this cover page shall be filled out for a
reporting person&#146;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.</FONT>

<P><FONT size="2">The information required in the remainder of this cover page
shall not be deemed to be &#147;filed&#148; for the purpose of Section&nbsp;18
of the Securities Exchange Act of 1934 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).</FONT>

<P align="center"><FONT size="2">&nbsp;</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="4">
<TR>
<TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
<TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
<TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
<TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
<TD width="28%"><FONT size="2">&nbsp;</FONT></TD>
<TD width="14%"><FONT size="2">&nbsp;</FONT></TD>
<TD width="45%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
<TD colspan="7" align="center"><FONT size="2">13G</FONT></TD>
</TR>

<TR>
<TD colspan="7"><FONT size="2">CUSIP No. 739128106</FONT> </TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">1.</FONT></TD>
<TD valign=top colspan=3><FONT size="2">Name of Reporting Person:<BR>Nationwide
Trust Company, FSB, as trustee for the Powell Industries, Inc.<BR>Employee Stock
Ownership Plan Trust(1)</FONT></TD>
<TD valign=top colspan=2><FONT size="2">I.R.S. Identification Nos. of above
persons (entities only): <U>31-1592130</U><BR>
</FONT></TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">2.</FONT></TD>
<TD valign=top colspan=5><FONT size="2">Check the Appropriate Box if a Member of
a Group (See Instructions):</FONT></TD>
</TR>

<TR>
<TD><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">(a)</FONT></TD>
<TD valign=top><FONT face="wingdings">&#111;</FONT></TD>
<TD valign=top colspan=3><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
<TD><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">(b)</FONT></TD>
<TD valign=top><FONT face="wingdings">&#111;</FONT></TD>
<TD valign=top colspan=3><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">3.</FONT></TD>
<TD valign=top colspan=5><FONT size="2">SEC Use Only:</FONT></TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">4.</FONT></TD>
<TD valign=top colspan=5><FONT size="2">Citizenship or Place of
Organization:<BR>Nationwide Trust Company, FSB is a Federal Savings Bank
chartered<BR>by the Office of Thrift Supervision by the U.S. Department of
Treasury under<BR>the Home Owners&#39; Loan Act of 1933. The Powell Industries, Inc.
Employee Stock<BR>Ownership Plan Trust is organized under the laws of the State
of Ohio.(1)</FONT></TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR><TD colspan="3" rowspan="8" align="center"><FONT size="2">Number
of<BR>Shares<BR>Beneficially<BR>Owned by<BR> Each Reporting<BR>Person
With</FONT></TD></TR>

<TR><TD valign=top><FONT size="2">5.</FONT></TD>
<TD valign=top colspan=3><FONT size="2">Sole Voting Power:<BR>0</FONT></TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top><FONT size="2">6.</FONT></TD><TD valign=top colspan=3> <FONT
size="2">Shared Voting Power:<BR>632,600</FONT></TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top><FONT size="2">7.</FONT></TD><TD valign=top colspan=3> <FONT
size="2">Sole Dispositive Power:<BR>0</FONT></TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top><FONT size="2">8.</FONT></TD><TD valign=top colspan=3><FONT
size="2">Shared Dispositive Power:<BR>632,600</FONT></TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">9.</FONT></TD><TD valign=top colspan=5><FONT
size="2">Aggregate Amount Beneficially Owned by Each Reporting Person:
<BR>632,600</FONT></TD>
</TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">10.</FONT></TD><TD valign=top colspan=5><FONT
size="2">Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions):<BR><FONT face="wingdings">&#111;</FONT><BR>Not Applicable.</FONT></TD>
</TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">11.</FONT></TD><TD valign=top colspan=5><FONT
size="2">Percent of Class Represented by Amount in Row
(9):<BR>5.9421%</FONT></TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">12.</FONT></TD><TD valign=top colspan=5><FONT
size="2">Type of Reporting Person (See Instructions):<BR>SA (Trustee), EP
(Trust)</FONT></TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>
</TABLE>
<P><FONT size="2">(1) The filing of this Statement on Schedule 13G is made by Nationwide Trust Company, FSB as trustee ("Trustee") of the Powell Industries, Inc. Employee Stock Ownership Plan Trust (the "Trust")
and does not constitute, and should not be construed as, an admission
that the Trust or Trustee beneficially owns any securities covered by this Statement or is required to file this Statement. Pursuant
to Rule 13d-4, the Trust and Trustee disclaim beneficial ownership of the securities covered by the Statement.
</FONT></P>
<P align="center"><FONT size="2">2</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="center"><FONT size="2">13G</FONT>

<TABLE width="100%" border=0 cellspacing=0 cellpadding=4>

<TR>
<TD width="10%"><FONT size="2">&nbsp;</FONT></TD>
<TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
<TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
<TD width="80%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR><TD colspan=4 nowrap><FONT size="2"><B>Item 1.</B></FONT></TD></TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">(a)</FONT></TD>
<TD colspan=2><FONT size="2">Name of Issuer:</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">&nbsp;</FONT></TD>
<TD colspan=2><FONT size="2">Powell Industries, Inc.</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">(b)</FONT></TD>
<TD colspan=2><FONT size="2">Address of Issuer's Principal Executive
Offices:</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">&nbsp;</FONT></TD>
<TD colspan=2><FONT size="2">8550 Mosley Drive<BR>Houston, Texas
77075-1180<BR><BR></FONT></TD>
</TR>

<TR><TD colspan=4><FONT size="2">&nbsp;</FONT></TD></TR>

<TR><TD colspan=4 nowrap><FONT size="2"><B>Item 2.</B></FONT></TD></TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">(a)</FONT></TD>
<TD colspan=2><FONT size="2">Name of Person Filing:</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">&nbsp;</FONT></TD>
<TD colspan=2><FONT size="2">See Item 1 of Cover Page.</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">(b)</FONT></TD>
<TD colspan=2><FONT size="2">Address of Principal Business Office or, if none,
Residence:</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">&nbsp;</FONT></TD>
<TD colspan=2><FONT size="2">Three Nationwide Plaza<BR>Columbus, Ohio
43215<BR><BR></FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">(c)</FONT></TD><TD colspan=2><FONT
size="2">Citizenship:</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">&nbsp;</FONT></TD>
<TD colspan=2><FONT size="2">See Item 4 of Cover Page.</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">(d)</FONT></TD>
<TD colspan=2><FONT size="2">Title of Class of Securities:</FONT></TD></TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">&nbsp;</FONT></TD>
<TD colspan=2><FONT size="2">Common Stock, par value $.01 per share</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">(e)</FONT></TD> <TD colspan=2><FONT size="2">CUSIP
Number:</FONT></TD></TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">&nbsp;</FONT></TD>
<TD colspan=2><FONT size="2">739128106</FONT></TD>
</TR>

<TR><TD colspan=4><FONT size="2">&nbsp;</FONT></TD></TR>

<TR><TD valign=top nowrap><FONT size="2"><B>Item 3.</B></FONT></TD>
<TD colspan=3><FONT size="2"><B>If this statement is filed pursuant to
&#167;&#167;240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing
is a:</B></FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">(a)</FONT></TD>
<TD><FONT face="wingdings">&#111;</FONT></TD>
<TD><FONT size="2">Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o).</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">(b)</FONT></TD>
<TD><FONT face="wingdings">&#111;</FONT></TD>
<TD><FONT size="2">Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">(c)</FONT></TD>
<TD><FONT face="wingdings">&#111;</FONT></TD>
<TD><FONT size="2">Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">(d)</FONT></TD>
<TD><FONT face="wingdings">&#111;</FONT></TD>
<TD><FONT size="2">Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C 80a-8).</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">(e)</FONT></TD>
<TD><FONT face="wingdings">&#111;</FONT></TD>
<TD><FONT size="2">An investment adviser in accordance with
&#167;240.13d-1(b)(1)(ii)(E);</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">(f)</FONT></TD>
<TD><FONT face="wingdings">&#120;</FONT></TD>
<TD><FONT size="2">An employee benefit plan or endowment fund in accordance with
&#167;240.13d-1(b)(1)(ii)(F);</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">(g)</FONT></TD>
<TD><FONT face="wingdings">&#111;</FONT></TD>
<TD><FONT size="2">A parent holding company or control person in accordance with
&#167; 240.13d-1(b)(1)(ii)(G);</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">(h)</FONT></TD>
<TD><FONT face="wingdings">&#120;</FONT></TD>
<TD><FONT size="2">A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">(i)</FONT></TD>
<TD><FONT face="wingdings">&#111;</FONT></TD>
<TD><FONT size="2">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);</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">(j)</FONT></TD>
<TD><FONT face="wingdings">&#111;</FONT></TD>
<TD><FONT size="2">Group, in accordance with
&#167;240.13d-1(b)(1)(ii)(J).</FONT></TD>
</TR>

<TR><TD colspan=4><FONT size="2">&nbsp;</FONT></TD></TR>
</TABLE>

<P align="center"><FONT size="2">3</FONT>


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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="center"><FONT size="2">13G</FONT>

<TABLE width="100%" border=0 cellspacing=0 cellpadding=4>

<TR>
<TD width="10%"><FONT size="2">&nbsp;</FONT></TD>
<TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
<TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
<TD width="80%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR><TD nowrap><FONT size="2"><B>Item 4.</B></FONT></TD><TD colspan=3><FONT
size="2"><B> Ownership.</B></FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">(a)</FONT></TD>
<TD valign=top colspan=2><FONT size="2">Amount beneficially owned:</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">&nbsp;</FONT></TD>
<TD colspan=2><FONT size="2">632,600</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">(b)</FONT></TD>
<TD valign=top colspan=2><FONT size="2">Percent of class:</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">&nbsp;</FONT></TD>
<TD colspan=2><FONT size="2">5.9421%</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">(c)</FONT></TD>
<TD valign=top colspan=2><FONT size="2">Number of shares as to which the person
has:</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">&nbsp;</FONT></TD>
<TD colspan=2><FONT size="2"></FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">(i)</FONT></TD>
<TD><FONT size="2">Sole power to vote or to direct the vote:</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">0</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">(ii)</FONT></TD>
<TD valign=top><FONT size="2">Shared power to vote or to direct the
vote:</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">632,600(1)</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">(iii)</FONT></TD>
<TD valign=top><FONT size="2">Sole power to dispose or to direct the disposition
of:</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">0</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">(iv)</FONT></TD>
<TD valign=top><FONT size="2">Shared power to dispose or to direct the
disposition of:</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">&nbsp;</FONT></TD>
<TD valign=top><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">632,600(1)</FONT></TD>
</TR>

<TR><TD colspan=4><FONT size="2"><I>Instruction</I>. For computations regarding
securities which represent a right to acquire an underlying security <I>see</I>
&#167;240.13d3(d)(1).</FONT></TD>
</TR>

<TR><TD colspan=4><FONT size="2">&nbsp;</FONT></TD></TR>
<TR><TD colspan=4><FONT size="2">(1) Each participant in the Trust or, if applicable, his beneficiary is entitled to direct to the Trustee as to the exercise of any voting or tendering rights attributable to shares of Powell Industries, Inc. Common Stock (the "Common Stock")
then allocated to his Powell Industries, Inc. Employee Stock Ownership Plan account (the "ESOP"). All allocated shares of Common Stock as to which such instructions have been received (which may include an instruction to abstain) will be voted in accordance with such instructions. However, with
respect to any unallocated shares of Common Stock in the Trust, or any allocated shares of Common Stock as to which no voting or tendering instructions have been received the Trustee will vote or tender such shares in such manner as directed by the Administrative Committee of the ESOP. As of the date
hereof, 401,546 shares of Common Stock are allocated to the accounts of participants in the ESOP. </FONT></TD>
</TR>

<TR><TD colspan=4><FONT size="2">&nbsp;</FONT></TD></TR>

<TR><TD nowrap><FONT size="2"><B>Item 5.</B></FONT></TD><TD colspan=3><FONT
size="2"><B>Ownership of Five Percent or Less of a Class.</B></FONT></TD>
</TR>

<TR><TD colspan=4><FONT size="2">&nbsp;</FONT></TD></TR>

<TR><TD colspan=4><FONT size="2">If this statement is being filed to report the
fact that as of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of securities, check the
following</FONT> <FONT face="wingdings">&#111;</FONT>.
<TR><TD colspan=4><FONT size="2"><I>Instruction: </I>Dissolution of a group
requires a response to this item.</FONT></TD></TR>
<TR><TD colspan=4><FONT size="2">&nbsp;</FONT></TD></TR>

<TR><TD colspan=4><FONT size="2">Not applicable.</FONT></TD></TR>

<TR><TD colspan=4><FONT size="2">&nbsp;</FONT></TD></TR>

<TR><TD colspan=4><FONT size="2">&nbsp;</FONT></TD></TR>

<TR><TD><FONT size="2"><B>Item 6.</B></FONT></TD><TD colspan=3><FONT
size="2"><B>Ownership of More than Five Percent on Behalf of Another
Person.</B></FONT></TD></TR>

<TR><TD colspan=4><FONT size="2">&nbsp;</FONT></TD></TR>

<TR><TD colspan=4><FONT size="2">In accordance with the terms of the ESOP,
participants of the ESOP are entitled to receive certain distributions of assets
held by the Trust. Such distributions may include dividends on or proceeds from
the sale of shares of Common Stock.</FONT></TD></TR>

<TR><TD colspan=4><FONT size="2">&nbsp;</FONT></TD></TR>

<TR><TD valign=top><FONT size="2"><B>Item 7.</B></FONT></TD><TD colspan=3><FONT
size="2"><B>Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding
Company.</B></FONT></TD></TR>

<TR><TD colspan=4><FONT size="2">&nbsp;</FONT></TD></TR>

<TR><TD colspan=4><FONT size="2">Not applicable.</FONT></TD></TR>

<TR><TD colspan=4><FONT size="2">&nbsp;</FONT></TD></TR>

<TR><TD><FONT size="2"><B>Item 8.</B></FONT></TD><TD colspan=3><FONT
size="2"><B>Identification and Classification of Members of the
Group.</B></FONT></TD></TR>

<TR><TD colspan=4><FONT size="2">&nbsp;</FONT></TD></TR>

<TR><TD colspan=4><FONT size="2">Not applicable.</FONT></TD></TR>

<TR><TD colspan=4><FONT size="2">&nbsp;</FONT></TD></TR>

<TR><TD><FONT size="2"><B>Item 9.</B></FONT></TD><TD colspan=3><FONT
size="2"><B>Notice of Dissolution of Group.</B></FONT></TD></TR>

<TR><TD colspan=4><FONT size="2">&nbsp;</FONT></TD></TR>

<TR><TD colspan=4><FONT size="2">Not applicable.</FONT></TD></TR>
</TABLE>

<P align="center"><FONT size="2">4</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="center"><FONT size="2">13G</FONT>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="4">

<TR>
<TD width="10%"><FONT size="2">&nbsp;</FONT></TD>
<TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
<TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
<TD width="80%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR><TD><FONT size="2"><B>Item 10.</B></FONT></TD><TD colspan=3><FONT
size="2"><B>Certification.</B></FONT></TD></TR>

<TR><TD colspan=4><FONT size="2">&nbsp;</FONT></TD></TR>

<TR>
<TD valign=top colspan=4><FONT size="2"> <P>By signing below I certify that, to
the best of my knowledge and belief, the securities referred to above were
acquired and are held in the ordinary course of business and 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.</FONT></TD></TR>
</TABLE>

<P>
<P align="center"><FONT size="2"><B>SIGNATURE</B></FONT>
<P><FONT size="2">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.</FONT>

<TABLE cellspacing="0" border="0" cellpadding="0" width="40%" align=right>

<TR>
<TD width="6%"><FONT size="2">&nbsp;</FONT></TD>
<TD width="34%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
<TD valign="top"><FONT size="2">Date:</FONT></TD>
<TD><FONT size="2">January 20, 2004</FONT></TD>
</TR>

<TR>
<TD><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
<TD valign="top" colspan=2><FONT size="2">Company Name(s):</FONT></TD>
</TR>

<TR valign="bottom">
<TD valign="top" colspan=2><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
<TD valign="top" colspan=2><FONT size="2">Nationwide Trust Company, FSB, a savings<BR>association, as Trustee of the Powell<BR>Industries, Inc. Employee
Stock Ownership Plan<BR>Trust</FONT></TD>
</TR>

<TR>
<TD><FONT size="2">&nbsp;</FONT></TD>
<TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
<TD valign="top"><FONT size="2">By:</FONT></TD>
<TD><FONT size="2">/s/&nbsp;Stephen R. Slade<HR size="1" noshade></FONT></TD>
</TR>

<TR>
<TD><FONT size="2">Name:</FONT></TD>
<TD><FONT size="2">Stephen R. Slade<HR size="1" noshade></FONT></TD>
</TR>

<TR>
<TD><FONT size="2">Title:</FONT></TD>
<TD><FONT size="2">Vice President and Compliance Officer<BR>Nationwide Trust
Company, FSB<HR size="1" noshade></FONT></TD>
</TR>

</TABLE>

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<P>
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<P align="center"><FONT size="2">5</FONT>


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