SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 Penn Engineering and Manufacturing Corp. ______________________________________________________________________________ (Name of Issuer) Common Stock ______________________________________________________________________________ (Title of Class of Securities) 707389102 ______________________________________________________________________________ (CUSIP Number) Check the following box if a fee is being paid with this statement X CUSIP No. 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of above persons PNC Bank Corp. 25-143-5979 2) Check the Appropriate Box if a Member of a Group (See Instructions) a) b) 3) SEC USE ONLY 4) Citizenship or Place of Organization Pennsylvania Number of Shares 5) Sole Voting Power 98,772 Beneficially Owned By Each Reporting Person With 6) Shared Voting Power 0 7) Sole Dispositive Power 0 8) Shared Dispositive Power 98,472 9) Aggregate Amount Beneficially Owned by Each Reporting Person 98,772 10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11) Percent of Class Represented by Amount in Row (9) 5.79 12) Type of Reporting Person (See Instructions) HC SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 Penn Engineering and Manufacturing Corp. ______________________________________________________________________________ (Name of Issuer) Common Stock ______________________________________________________________________________ (Title of Class of Securities) 707389102 ______________________________________________________________________________ (CUSIP Number) Check the following box if a fee is being paid with this statement X CUSIP No. 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of above persons PNC Bank, National Association 2) Check the Appropriate Box if a Member of a Group (See Instructions) a) b) 3) SEC USE ONLY 4) Citizenship or Place of Organization United States Number of Shares 5) Sole Voting Power 98,772 Beneficially Owned By Each Reporting Person With 6) Shared Voting Power 0 7) Sole Dispositive Power 0 8) Shared Dispositive Power 98,472 9) Aggregate Amount Beneficially Owned by Each Reporting Person 98,772 10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11) Percent of Class Represented by Amount in Row (9) 5.79 12) Type of Reporting Person (See Instructions) BK Item 1(a) - Name of Issuer: Penn Engineering and Manufacturing Corp. Item 1(b) - Address of Issuer's Principal Executive Offices: 510 Old Easton Road, P.O. Box 1000, Danboro, PA 18916 Item 2(a) - Name of Person Filing: PNC Bank Corp./PNC Bank, National Association Item 2(b) - Address of Principal Business Office, or if None, Residence: PNC Bank Corp. PNC Bank, N.A. Fifth Avenue and Wood Street Fifth Avenue and Wood Street Pittsburgh, PA 15222 Pittsburgh, PA 15222 Item 2(c) - Citizenship: Pennsylvania United States Item 2(d) - Title of Class of Securities: Common Stock Item 2(e) - CUSIP No.: 707389102 Item 3 - Statement Filed Pursuant to Rule 13d-1(b) or Rule 13d-2(b): Parent Holding Company; Bank Item 4 - Ownership: (a) Amount Beneficially Owned: 98,772 (b) Percent of Class: 5.79 (c) Number of shares to which such person has: (i) sole power to vote or to direct the vote 98,772 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 0 (iv) shared power to dispose or to direct the disposition of 98,472 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: PNC Bank, N.A. - National Banking Association Item 8 - Identification and Classification of Members of the Group: Not applicable Item 9 - Notice of Dissolution of Group: Not applicable Item 10 - Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. 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. February 14, 1994 _____________________________________________________________________ Date _____________________________________________________________________ Signature /s/ Howard I. Verbofsky, Managing Counsel ____________________________________________________________________ Name/Title ____________________________________________________________________ Date ____________________________________________________________________ Signature ____________________________________________________________________ Name/Title Item 10 - Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction haying such purposes or effect. 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. February 14, 1994 _____________________________________________________________________ Date _____________________________________________________________________ Signature /s/ Michelle A. O'Donnell, Assistant Vice President and Assistant Regulatory Counsel _____________________________________________________________________ Name/Title _____________________________________________________________________ Date _____________________________________________________________________ Signature _____________________________________________________________________ Name/Title