UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                       Washington, D.C.   20549
                                   
                             SCHEDULE 13G
                                   
               Under the Securities Exchange Act of 1934
                                   
                          (Amendment No. 6)*
                                   
                      WALSHIRE ASSURANCE COMPANY
                           (Name of Issuer)
                                   
                COMMON STOCK, PAR VALUE $.01 PER SHARE
                    (Title of Class of Securities)
                                   
                               933132102
                            (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 1 of 4 pages
                                    SEC 1745 (2/92)          
  
  CUSIP No. 933132102               13G                  Page 2 of 4 Pages
  
  
  
  
  1  NAME OF REPORTING PERSON
     S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
         Kenneth R. Taylor
         ###-##-####
  
  2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                (a)
                                                                (b)  x
  
  3  SEC USE ONLY
  
  
  
  4  CITIZENSHIP OR PLACE OF ORGANIZATION
         United States
  
                          5  SOLE VOTING POWER
       NUMBER OF               596,423 Shares (See Note 1 to Item 4)
        SHARES
      BENEFICIALLY        6  SHARED VOTING POWER
         OWNED                 0 Shares
          BY
         EACH             7  SOLE DISPOSITIVE POWER
       REPORTING               596,423 Shares (See Note 1 to Item 4)
        PERSON 
         WITH             8  SHARED DISPOSITIVE POWER
                               0 Shares
  
  9  AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON
         596,423 Shares (See Note 1 to Item 4)
  
  10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN         
       
       SHARES*
  
  11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
         14.09% (See Note 2 to Item 4)
  
  12 TYPE OF REPORTING PERSON*
         In
  
  
  
  
  
  
  
  
  
  
  
  
  
                 *SEE INSTRUCTION BEFORE FILLING OUT!
                                   
                                    Item 1.    Name and Address of Issuer.
  
         (a) This Statement relates to the common stock, par value $.01
             per share (the  Common Stock ), of Walshire Assurance
             Company (the  Company ).
  
         (b) The Company s principal executive offices are located at
             3350 Whiteford Road, P. O. Box 3849, York, PA  17402-0138.
  
  Item 2.    Name, Address and Citizenship of Person Filing, Title of
             Class of Securities and CUSIP Number.
  
         (a) This Statement is filed by Kenneth R. Taylor.
  
         (b) The address of Mr. Taylor s principal business office is
             Walshire Assurance Company, 3350 Whiteford Road, P. O. Box
             3849, York, PA  17402-0138.
  
         (c) Mr. Taylor is a citizen of the United States.
  
         (d) Title of Class of Securities: Common Stock, par value $.01
             per shares.
  
         (e) CUSIP Number: 933132102.
  
  Item 3.    Statement Filed Pursuant to Rules 13d-1(b) or 13d-2(b).
  
             Not Applicable.
  
  Item 4.    Ownership.
  
         (a) Items 5, 7, 9 and 11 from Page 2 of this Statement are
             incorporated by reference.  The filing of this Statement 
             shall not be construed as an admission that the reporting
             person is for the purpose of Section 13(d) or 13(g) of the
             Securities Exchange Act of 1934, as amended, the beneficial
             owner of any of the securities covered by this Statement.
  
             Note 1.  Such amount includes: (i) 410,982 shares of Common
             Stock which are owned individually by Mr. Taylor; 
             (ii) 168,787 shares of Common Stock which are issuable 
             pursuant to options granted to Mr. Taylor which are
             exercisable within 60 days from the date of this Statement,
             and (iii) 16,654 shares held by Taylor & Ochroch, Inc. Mr.
             Taylor is the president and a shareholder of Taylor and
             Ochroch, Inc.
  
  
  
  
  
  
  
  
  
  
  
                              PAGE 3 OF 4
                                   
                                   
             Note 2.  This percentage is obtained by dividing the amount
             of shares of Common Stock beneficially owned by Mr. Taylor
             by the sum of (i) 4,064,423 shares of Common Stock, the 
             number of issued and outstanding shares of common stock as of
             most recent practicable date and (ii) 168,787 shares of
             Common Stock which are issuable as described in Note 1 above.
  
  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.
  
  
  Dated:  January 29, 1996
  
  
                                                                 
                                      /s/ Kenneth R. Taylor
  
  
  
  
  
  
  
  
  
  
  PAGE 4 OF 4