8-K

              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)
                      September 23, 1998



                 Wyman Park Bancorporation, Inc.
      (Exact name of Registrant as specified in its Charter)


  Delaware              0-23345             52-2068893
(State or other     (Commission File      (IRS Employer
jurisdiction of       Number)              Identification
incorporation)                             Number)


11 West Ridgely Road, Lutherville, Maryland            21094
(Address of principal executive offices)             (Zip Code)

Registrant's telephone number, including area code:
(410) 252-6450


                              N/A
  (Former name or former address, if changed since last report)



Item  5.  Other Events

     Wyman Park Bancorporation, Inc. issued a press release dated 
September 23, 1998, attached hereto as Exhibit 28.1, announcing an 
amendment to its Bylaws.

Item 7.  Financial Statements, Pro Forma Financial Information
         and Exhibits

        (c)  Exhibits

             Exhibit 28.1   Press Release dated September 23, 1998.




                          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 thereunto duly authorized.


                                   WYMAN PARK BANCORPORATION, INC.



Date: September 23, 1998           By: /s/ Ernest A. Moretti
                                   Ernest A. Moretti
                                   President and Chief Executive
                                 Officer

EX-28.1

                          Exhibit 28.1



                           Exhibit 28.1

                     WYMAN PARK BANCORPORATION, INC.
                          11 West Ridgely Road
                       Lutherville, Maryland 21094


                            PRESS RELEASE

FOR MORE INFORMATION                      FOR IMMEDIATE RELEASE
Contact: Ernest A. Moretti, President     Date: September 23, 1998
 at (410) 252-6450


                      WYMAN PARK BANCORPORATION, INC.
                             AMENDS BYLAWS


     LUTHERVILLE, MARYLAND - Wyman Park Bancorporation, Inc. 
("Corporation"), the parent company for Wyman Park Federal Savings &
 Loan Association, has announced that the Corporation has amended its 
Bylaws to require that in order for any stockholder proposals to be 
considered  filed timely with the Corporation, the proposal must be 
received at the executive offices of the Corporation no later than 
60 days after the end of the Corporation's fiscal year end.  The 
Corporation's fiscal year end is June 30th.

     "The Board of Directors approved the Bylaw amendment to ensure 
that the Corporation  would have adequate time to review and respond 
to any stockholder proposals," said Ernest A. Moretti, the Corpora-
tion's President.  The amendment does not effect any other provisions 
in the Corporation's Bylaws.

     The Corporation's common stock is on the OTC Electronic Bulletin 
Board under the symbol "WPBC."