0000950120-99-000010 4 1 19981231 19990108 PARAMOUNT FINANCIAL CORP 0001000179 7377 113072768 DE 1231 4 34 000-27190 99503177 ONE JERICHO PLAZA JERICHO NY 11753 9169383400 ONE JERICHO PLZ JERICHO NY 11753 KELLY WILLIAM H 0001059003 DIRECTOR 4 220 ASHASOKEN AVE NORTHPORT NY 11768 5166736900 220 ASHASOKEN AVE NORTHPORT NY 11768 4 1 000095012099000010-001-seq1-4.txt FORM 4 OF WILLIAM H. KELLY