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<SEC-DOCUMENT>0001059756-98-000002.txt : 19980601
<SEC-HEADER>0001059756-98-000002.hdr.sgml : 19980601
ACCESSION NUMBER:		0001059756-98-000002
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980225
DATE AS OF CHANGE:		19980528
SROS:			NONE

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST FINANCIAL CORP /IN/
		CENTRAL INDEX KEY:			0000714562
		STANDARD INDUSTRIAL CLASSIFICATION:	6022
		IRS NUMBER:				351546989
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		
		SEC FILE NUMBER:	005-39621
		FILM NUMBER:		98621326

	BUSINESS ADDRESS:	
		STREET 1:		ONE FIRST FINANCIAL PLZ
		CITY:			TERRE HAUTE
		STATE:			IN
		ZIP:			47807
		BUSINESS PHONE:		8122386000

	MAIL ADDRESS:	
		STREET 1:		ONE FIRST FINANCIAL PLAZA
		CITY:			TERRE HAUTE
		STATE:			IN
		ZIP:			47807

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TERRE HAUTE FIRST CORP
		DATE OF NAME CHANGE:	19850808

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRINCETON MINING CO INC
		CENTRAL INDEX KEY:			0001059756
		STANDARD INDUSTRIAL CLASSIFICATION:	
		IRS NUMBER:				350592430
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		STATE ROAD 46 SOUTH
		CITY:			TERRE HAUTE
		STATE:			IN
		ZIP:			47803

	MAIL ADDRESS:	
		STREET 1:		STATE ROAD 46 SOUTH
		CITY:			TERRE HAUTE
		STATE:			IN
		ZIP:			47803
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<TEXT>







                          UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549

                           SCHEDULE 13G

            UNDER THE SECURITIES EXCHANGE ACT OF 1934
                   (Amendment No.____________)*

                   First Financial Corporation 
                                                 (Name of Issuer)
 
                  Common Stock Without Par Value
                  (Title of Class of Securities)

                          320218(10)
                        (CUSIP Number)




Check the following box if a fee is being paid with this
statement____.  (A fee is not required only if the filing person:
(1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of securities
described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7).

*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).  
<PAGE>




CUSIP NO.  320218(10)            13G          Page 2 of 4 pages


1.  Name of Reporting Person
     S.S. or I.R.S. Identification No. of Above Person

       Princeton Mining Company, Inc
       State Road 46 South
       Terre Haute, IN 47803               35-0592430

2.  Check the Appropriate Box if a Member of a Group*

                   N/A

3.  SEC Use Only

4.  Citizenship or Place of Organization

     Terre Haute, Indiana

Number of Shares      5.  Sole Voting Power
                              615,493
Beneficially          6.  Shared Voting Power

Owned by              7.  Sole Dispositive Power
                              615,493    
Each                  8.  Shared Dispositive Power

Reporting Person

With  

9.  Aggregate Amount Beneficially Owned by Each Reporting Person
                            615,493

10. Check Box if the Aggregate Amount in Row (9) excludes certain 
     shares*

11. Percent of Class Represented by Amount in Row 9
                              9.21%

12. Type of Reporting person*
                               CO  
<PAGE>




ITEM 1.

   ITEM 1(a)        Name of Issuer:

                    First Financial Corporation

   ITEM A (b)       Address of Issuer's Principal Executive
                     Offices:

                    One First Financial Plaza
                    P.O. Box 540
                    Terre Haute, IN 47808-0540

ITEM 2.

   ITEM 2 (a)       Name of Person Filing:

                    Princeton Mining Company

   ITEM 2 (b)       Address of Principal Business Office or, if
                     none, Residence:

                    State Road 46 South
                    Terre Haute, IN 47803

   ITEM 2 (c)       Citizenship:

                    Place of Organization:  Indiana

   ITEM 2 (d)       Title of Class Of Securities:

                    Common Stock without par value

   ITEM 2 (e)       Cusip Number

                    320218(10)

ITEM 3.             Statement  filed pursuant to Rules 13d-1(b)
                    or 13d-2(b)

                    Not applicable because this is an amendment
                    to an original filing under Section 13(g)(1).
                    The reporting person was a beneficial owner
                    of more than 5 percent of the Issuer's 
                    outstanding common stock prior to the 
                    Issuer's registration under Section 12(g) of
                    the Securities Exchange Act of 1934. 

ITEM 4.             Ownership. (As of December 31, 1997):

                   (a) Amount Beneficially Owned:  615,493 shares
                   (b) Percent of Class: 9.21%
                   (c) Number of shares as to which such person
                         has:  
<PAGE>




                   (I)  sole power to vote or direct the vote
                         615,493
                  (ii)  shared power to vote or direct the vote
                         -0-
                 (iii)  sole power to dispose or to direct the 
                         disposition of 615,493
                  (iv)  shared power to dispose or to direct the 
                         disposition of 615,493

ITEM 5.          Ownership of Five Percent or Less of A Class.

                 Not Applicable

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.
                 
                 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.         Certification.

                 Not applicable

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.


                       PRINCETON MINING COMPANY


                             By:  Donald E. Smith,
                                  Chairman of the Board


Dated:  February 2, 1998    
<PAGE>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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