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

				 FORM 10QSB


__X___QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE 
      SECURITIES EXCHANGE ACT OF 1934
      
      For the quarterly period ended.....................March 31, 1999


_____ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE 
      SECURITIES EXCHANGE ACT OF 1934
      For the transition period from ..... to .....

		       
		       COMMISSION FILE NUMBER 2-91-000FW

			     MIDSOUTH BANCORP, INC.
		     Louisiana                   72 -1020809

		 102 Versailles Boulevard, Lafayette, Louisiana
				     70501
				 (318) 237-8343

Check whether the issuer (1) filed all reports required to be 
filed by Section 13 or 15(d) of the Exchange Act during the 
past 12 months (or for such shorter period that the 
registrant was required to file such reports), and (2) has 
been subject to such filing requirements for the past 90 
days.           YES  __X__              NO  _____

State the number of shares outstanding of each of the 
issuer's classes of common equity, as of the latest 
practicable date.             Outstanding as of  March 31, 1999

Common stock, $.10 par value                               2,444,306
Preferred stock, no par value, $14.25 stated value           156,177

	       
	       
	       Transitional Small Business Disclosure Format:
			     Yes _______     No ___X___

 
				  Page 1

<PAGE>
 

							    Page 2


PART 1 - FINANCIAL INFORMATION

Item 1.  Financial Statements (Unaudited)                 Page

Financial Highlights                                       3            

Statements of Condition - March 31, 1999 
   and December 31, 1998                                   4

Statements of Income - Three Months Ended
   March 31, 1999 and 1998 and Year
   Ended December 31, 1998                                 5
						 
   
Statement of Stockholders' Equity - Three Months
   Ended March 31, 1999                                    6

Statements of Cash Flows - Three Months Ended 
   March 31, 1999 and 1998                                 7

Notes to Financial Statements                              8

Item 2.  Management's Discussion and Analysis or        
	 Plan of Operation                                 9

PART II - OTHER INFORMATION     

Item 6.  Exhibits and Reports on Form 8-K                 16

Signatures                                                17


<PAGE>
<TABLE>
<CAPTION>


MIDSOUTH BANCORP, INC. AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS (UNAUDITED)
					  
					  
					 Three Months Ended      Year-ended
					     March 31,           December 31,
EARNINGS DATA                          1999          1998           1998
				     ________________________________________

<S>                                  <C>           <C>           <C> 
Net interest income                  $3,022,140    $2,691,722    $11,824,208
Provision for loan losses               266,950       258,000        999,950
Non-interest income                     909,140       778,840      3,486,937
Non-interest expense                  2,903,093     2,507,256     11,023,245
Provision for income tax                164,387       152,798        842,167
Net income                              596,850       552,508      2,445,783
Preferred dividend requirement           33,383        37,520        148,971
Income available to common sharehol    $563,467      $514,988     $2,296,812
=============================================================================

PER COMMON SHARE DATA
Basic earnings per share                  $0.23         $0.21          $0.95
Diluted earnings per share                $0.20         $0.19          $0.83

Book value at end of period               $5.69         $4.76          $5.53
Market price at end of period            $11.06        $14.50         $11.13
Market price of preferred stock at       $33.00        $46.25         $32.50
Weighted average shares outstanding
   Basic                              2,439,256     2,381,511      2,410,926
   Diluted                            2,965,203     2,935,610      2,958,381
=============================================================================

AVERAGE BALANCE SHEET DATA
Total assets                       $259,152,871  $222,213,579   $235,766,986
Earning assets                      235,583,534   201,167,815    214,572,581
Loans and leases                    155,183,050   131,792,227    144,455,710
Interest-bearing deposits           180,383,947   151,749,614    162,504,644
Total deposits                      239,070,515   204,842,701    217,105,614
Common stockholders' equity          13,532,186    10,986,163     11,988,753
Total stockholders' equity           15,762,518    13,265,037     14,246,948
=============================================================================

SELECTED RATIOS
Return on average assets (annualize        0.93%         1.01%          1.04%
Return on average common equity (an       16.89%        19.01%         19.16%
Return on average total equity ( an       15.36%        16.89%         17.17%
Leverage capital ratio                     6.09%         6.04%          6.06%
Tier 1 risk-based capital ratio            9.25%         9.38%          9.13%
Total risk-based capital ratio            10.35%        10.46%         10.25%
Allowance for loan losses as a %
  of total loans                           1.21%         1.15%          1.20%
=============================================================================

PERIOD ENDING BALANCE SHEET DATA      3/31/99       3/31/98      Net Change
Total assets                       $270,432,493  $231,017,564    $39,414,929
Earning assets                      247,726,379   208,467,198    $39,259,181
Loans and leases, net               153,914,963   132,621,978    $21,292,985
Interest-bearing deposits           191,352,663   158,797,089    $32,555,574
Total deposits                      250,018,682   213,303,319    $36,715,363
Common stockholders' equity          13,910,065    11,371,014     $2,539,051
Total stockholders' equity           16,135,587    13,636,992     $2,498,595
=============================================================================

</TABLE>

				       3



<PAGE>
<TABLE>
<CAPTION>

MIDSOUTH BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CONDITION
___________________________________________________________________________________

						      March 31,       December 31,
							1999           1998   *
ASSETS                                               (unaudited)
						     ___________      ___________

<S>                                                  <C>              <C>
Cash and due from banks                              $11,705,160      $14,003,536
Federal funds sold                                    18,600,000        6,600,000
						     ___________      ___________

     Total cash and cash equivalents                  30,305,160       20,603,536

Interest bearing deposits in banks                        16,237           16,125
Securities available-for-sale, at fair value 
  (cost of $53,791,536 in March 1999 and 
  $43,503,268 in December 1998)                       54,065,885       43,938,965
Securities held-to-maturity (estimated market 
  value of $20,297,153 in March 1999 and 
  $20,421,920 in December 1998)                       19,245,741       19,246,559
Loans, net of allowance for loan losses of
  $1,883,553 in March 1999 and $1,860,490 
  in December 1998                                   153,914,963      153,616,773
Bank premises and equipment, net                       9,614,097        9,054,201
Other real estate owned, net                              39,100           48,100
Accrued interest receivable                            1,771,447        1,740,514
Goodwill, net                                            198,625          207,281
Other assets                                           1,261,238        1,346,214
						     ___________      ___________

     Total assets                                   $270,432,493     $249,818,268
						     ===========      ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits:
  Non-interest bearing                               $58,666,019      $60,361,205
  Interest bearing                                   191,352,663      169,563,097
						     ___________      ___________

     Total deposits                                  250,018,682      229,924,302

Securities sold under
     repurchase agreements                                     -                -
Accrued interest payable                                 608,558          565,896
Notes payable                                          3,392,993        3,503,668
Other liabilities                                        276,673          138,280
						     ___________      ___________

     Total liabilities                               254,296,906      234,132,146
						     ___________      ___________

Commitments and contingencies                                  -                -

Stockholders' Equity:
 Preferred Stock, no par value, $14.25 
   stated value - 5,000,000 shares authorized,
   156,177 and 156,927 issued and outstanding 
   on March 31, 1999 and December 31, 1998, 
   respectively                                        2,225,522        2,236,210
 Common stock, $.10 par value-
   5,000,000 shares authorized,  2,444,306 and 
   2,432,016 issued and outstanding on 
   March 31, 1999 and December 31, 1998, 
   respectively                                          244,431          243,201
 Surplus                                              10,639,529       10,521,020
 Unearned ESOP shares                                   (114,468)        (119,051)
 Unrealized gains/losses on securities 
   available-for-sale, net of deferred
   taxes of $103,140 in March 1999 and $159,000 
   in December 1998                                      171,210          276,700
 Retained earnings                                     2,969,363        2,528,042
						     ___________      ___________

     Total stockholders' equity                       16,135,587       15,686,122
						     ___________      ___________

Total liabilities and stockholders' equity          $270,432,493     $249,818,268
						     ===========      ===========



  *   The consolidated statement of condition at December 31, 1998 is taken 
      from the audited balance sheet on that date.

</TABLE>

				       4


<PAGE>
<TABLE>
<CAPTION>



MIDSOUTH BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME

_______________________________________________________________________________


				       Three Months Ended           Year Ended
					    March 31,              December 31,
				     1999             1998             1998  *
					  (unaudited)
				   __________________________      ___________

<S>                                <C>             <C>             <C>
INTEREST INCOME:
Loans, including fees              $3,757,538      $3,321,732      $14,803,065
Securities
     Taxable                          684,979         588,511        2,460,266
     Nontaxable                       260,682         220,076          924,669
Federal funds sold                    158,633         180,037          567,764
				   __________      __________      ___________
TOTAL                               4,861,832       4,310,356       18,755,764
				   __________      __________      ___________

INTEREST EXPENSE:
Interest on deposits                1,775,266       1,554,300        6,666,682
Interest on note payable               64,426          64,334          264,876
				   __________      __________      ___________

TOTAL                               1,839,692       1,618,634        6,931,558
				   __________      __________      ___________

NET INTEREST INCOME                 3,022,140       2,691,722       11,824,206

PROVISION FOR LOAN LOSSES             266,950         258,000          999,950
				   __________      __________      ___________

NET INTEREST INCOME AFTER
  PROVISION FOR LOAN LOSSES         2,755,190       2,433,722       10,824,256
				   __________      __________      ___________

OTHER OPERATING INCOME:
Service charges on deposits           705,997         584,921        2,606,903
Gains on securities, net                   -                -                -
Credit life insurance                  16,167          27,118          133,217
Other charges and fees                186,976         166,801          746,817
				   __________      __________      ___________

TOTAL OTHER INCOME                    909,140         778,840        3,486,937
				   __________      __________      ___________

OTHER EXPENSES:
Salaries and employee benefits      1,381,608       1,250,293        5,274,992
Occupancy expense                     650,758         548,138        2,360,664
Other                                 870,727         708,825        3,387,588
				   __________      __________      ___________

TOTAL OTHER EXPENSES                2,903,093       2,507,256       11,023,244
				   __________      __________      ___________

INCOME BEFORE INCOME TAXES            761,237         705,306        3,287,949
PROVISION FOR INCOME TAXES            164,387         152,798          842,167
				   __________      __________      ___________

NET INCOME                           $596,850        $552,508       $2,445,782
PREFERRED DIVIDEND REQUIREMENT         33,383          37,520          148,971
				   __________      __________      ___________

INCOME AVAILABLE TO COMMON
   SHAREHOLDERS                      $563,467        $514,988       $2,296,811
				   ==========      ==========      ===========
BASIC EARNINGS PER COMMON SHARE         $0.23           $0.21            $0.95
				   ==========      ==========      ===========
				      
DILUTED EARNINGS PER COMMON SHARE       $0.20           $0.19            $0.83
				   ==========      ==========      ===========



*  The consolidated statement of income at December 31, 1998 
   is taken from the audited income statement of that date.



</TABLE>

				       5


<PAGE>
<TABLE>
<CAPTION>



MIDSOUTH BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
FOR THE QUARTER ENDED MARCH 31, 1999 (UNAUDITED)


_________________________________________________________________________________________________________________________________

											       UNREALIZED
												 (GAINS)
												LOSSES ON  
												SECURITIES
			 PREFERRED STOCK           COMMON STOCK                       ESOP      AVAILABLE-   RETAINED
			SHARES      AMOUNT      SHARES     AMOUNT      SURPLUS     OBLIGATION   FOR-SALE     EARNINGS     TOTAL
			____________________   ____________________  ___________   __________________________________  ___________
<S>                     <C>       <C>          <C>         <C>       <C>           <C>          <C>        <C>         <C> 
BALANCE,
  DECEMBER 31, 1998     156,927   $2,236,210   2,432,016   $243,201  $10,521,020   ($119,051)   $276,700   $2,528,042  $15,686,122

Issuance of common 
  stock                                           10,043      1,005      108,046                                           109,051
Dividends paid on 
  common stock                                                                                               (122,146)    (122,146)
Dividends paid on
  preferred stock                                                                                             (33,383)     (33,383)
Preferred stock 
  conversion               (750)     (10,688)      2,247        225       10,463                                                 0
Net income                                                                                                    596,850      596,850
ESOP obligation, 
  net of repayments                                                                    4,583                                 4,583
Net change in 
  unrealized gain/loss 
  on securities
  available-for-sale, 
  net of tax                                                                                    (105,490)                 (105,490)
			_______    _________   _________    _______   __________    ________     _______    _________   __________
BALANCE,
  March 31, 1999        156,177   $2,225,522   2,444,306   $244,431  $10,639,529   ($114,468)   $171,210   $2,969,363  $16,135,587
			=======    =========   =========    =======   ==========    ========     =======    =========   ==========

</TABLE>


				       6
<PAGE>
<TABLE>
<CAPTION>

MIDSOUTH BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
FOR THE THREE MONTHS ENDED MARCH 31, 1999 and 1998
__________________________________________________________________________________________


							March 31, 1999      March 31, 1998
							______________      ______________
<S>                                                       <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income                                                  $596,850            $552,508
Adjustments to reconcile net income
  to net cash provided by operating activities:
    Depreciation and amortization                            268,220             227,282
    Provision for loan losses                                266,950             258,000
    Provision for deferred income taxes                       12,228              49,330
    Discount accretion (premium amortization), net            (4,737)             (4,575)
    Gain on sale of premises and equipment                         -                (750)
    Loss on sale of other real estate owned                        -               1,000
    Change in accrued interest receivable                    (30,933)              6,995
    Change in accrued interest payable                        42,662              22,985
    Change in other liabilities                              138,393             (51,740)
    Change in other assets                                   128,608              30,256
							______________      ______________

NET CASH PROVIDED BY OPERATING ACTIVITIES                  1,418,241           1,091,291
							______________      ______________

CASH FLOWS FROM INVESTING ACTIVITIES:
  Net decrease in interest-bearing deposits in banks            (112)            (82,868)
  Proceeds from maturities and calls of securities 
    available-for-sale                                     2,775,453           1,950,899
  Purchases of securities available-for-sale             (13,058,167)         (5,963,716)
  Loan originations, net of repayments                      (571,181)         (3,416,020)
  Purchases of premises and equipment                       (819,460)           (608,736)
  Proceeds from sales of premises and equipment                    -              20,651
  Proceeds from sales of other real estate owned              19,624               5,000
							______________      ______________

NET CASH USED IN INVESTING ACTIVITIES                    (11,653,843)         (8,094,790)
							______________      ______________

CASH FLOWS FROM FINANCING ACTIVITIES:
  Net increase in deposits                                20,094,380          13,235,568
  Net (decrease) increase in securities sold under 
    repurchase agreements and federal funds purchased              -                 676
  Issuance of notes payable                                   75,000                   -
  Repayments of notes payable                               (185,676)            (78,961)
  Proceeds from issuance of common stock                     109,051             190,602
  Payment of dividends                                      (155,529)           (133,069)
  Payment of fractional shares resulting from conversion
     of preferred stock and stock dividends                        -                 (70)
							______________      ______________

NET CASH PROVIDED BY FINANCING ACTIVITIES                 19,937,226          13,214,746
							______________      ______________

NET DECREASE IN CASH & CASH EQUIVALENTS                    9,701,624           6,211,247

CASH & CASH EQUIVALENTS AT BEGINNING OF PERIOD            20,603,536          23,834,024
							______________      ______________
							 
CASH & CASH EQUIVALENTS AT END OF PERIOD                 $30,305,160         $30,045,271
							==============      ==============

</TABLE>

				       7




<PAGE>


MIDSOUTH BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED  FINANCIAL STATEMENTS


1.  STATEMENT BY MANAGEMENT CONCERNING THE REVIEW OF UNAUDITED
     FINANCIAL INFORMATION

      The accompanying unaudited consolidated financial statements and notes 
      thereto contain all adjustments, consisting only of normal recurring 
      adjustments, necessary to present fairly the financial position of 
      MidSouth Bancorp, Inc. ("MidSouth") and its subsidiaries as of 
      March 31, 1999 and the results of their operations and their cash 
      flows for the periods presented.  The consolidated financial
      statements should be read in conjunction with the annual consolidated 
      financial statements and the notes thereto included in MidSouth's 1998 
      annual consolidated report and Form 10-KSB.

      The results of operations for the three month period ended March 31, 
      1999 are not necessarily indicative of the results to be expected for 
      the entire year.



2.  ALLOWANCE FOR LOAN AND LEASE LOSSES

      An analysis of the activity in the allowance for loan and lease losses 
      is as follows:

<TABLE>
<CAPTION>

					    Three Months Ended
						 March 31,
					      (in thousands)
					     1999           1998
					  _______         ______
       <S>                                <C>             <C>
       Balance at beginning of year       $1,860          $1,415
	 Provision for loan losses           267             258
	 Recoveries                           40              36
	 Loans charged off                  (284)           (170)
					  ______          ______
       Balance at end of quarter          $1,883          $1,539
					  ======          ======

</TABLE>

3.  COMPREHENSIVE INCOME

     MidSouth adopted Statement of Financial Accounting Standards No. 130 
     "Reporting Comprehensive Income" ("SFAS 130") effective January 1, 
     1998.  SFAS 130 establishes standards for reporting and display of 
     comprehensive income and its components.  Comprehensive income 
     includes net income and other comprehensive income which, in the 
     case of MidSouth, only includes unrealized gains and losses on 
     securities available-for-sale.

     Following is a summary of MidSouth's comprehensive income for the 
     three months ended March 31, 1999 and 1998.


<TABLE>
<CAPTION>

					     1998           1997
				       __________     __________
	   <S>                         <C>            <C>
	   Net income                  $  596,850     $  552,580
	   Other comprehensive income,
	      net of tax                 (105,490)        91,034
				       __________     __________
	   Total comprehensive income  $  491,360     $  643,614
				       ==========     ==========

</TABLE>

				       8

<PAGE>


 
	MANAGEMENT'S DISCUSSION AND ANALYSIS
	       OR PLAN OF OPERATION

This review should be read in conjunction with MidSouth 
Bancorp Inc.'s ("MidSouth") consolidated financial 
statements and accompanying notes contained herein, as 
well as with  MidSouth's 1998 annual consolidated 
financial statements, the notes thereto and the related 
Management's Discussion and Analysis.

MidSouth Bancorp, Inc. announced net income of $596,850 
for the first quarter of 1999, an increase of 8% over net 
income of $552,508 reported for the first quarter of 1998.  
Income available to common shareholders totaled $563,467 
for the first quarter of 1999, compared to $514,988 for the 
first quarter of 1998.  Basic earnings per share were $.23 
and $.21 for the quarters ended March 31, 1999 and 1998, 
respectively.  Diluted earnings per share were $.20 for the 
first quarter of 1999 compared to $.19 for the first quarter 
of 1998. 

The increase in earnings resulted primarily from a $34.4 
million or 17% increase in the average volume of earning 
assets between the two quarters ended March 31, 1998 and 
1999.  Loan growth contributed $23.4 million to the 
increase in average earning assets. Accordingly, net interest 
income increased $330,418 in quarterly comparison.  Non-
interest income, exclusive of net gains on sales of 
investment securities, added $130,300 to income during the 
same period.  Increases in total service charges and fees on 
deposit accounts, due to an increased volume of accounts, 
contributed most of the increase to non-interest income. 

MidSouth enjoyed substantial deposit and loan growth 
during the past twelve months. Deposits grew $36.7 million 
or 17.2%, from $213.3 million at March 31, 1998 to $250.0 
million at March 31, 1999.  Of the $36.7 million increase, 
$32.6 million represented interest-bearing deposits.  The 
deposit growth results primarily from deposits associated 
with new loan relationships and from marketing efforts 
directed to customers affected by merger activity within 
MidSouth's market.  In addition, a deposit promotion 
designed to increase MidSouth's market share began March 
1, 1999 and resulted in an increase of $6.6 million in 
deposits for the month of March 1999.  

Loans, net of Allowance for Loan Losses ("ALL"), 
increased $21.3 million or 16.1%, from $132.6 million in 
the first quarter of 1998 to $153.9 million in the first 
quarter of 1999.  The majority of the loan growth occurred 
in the second and third quarters of 1998 and resulted primarily 
from loan relationships developed by two new commercial 
lenders hired in January 1998.  Provisions for loan and 
lease losses totaled $266,950 in March 1999 compared to 
$258,000 in March 1998. 

Nonperforming loans as a percentage of total loans 
increased from .15% in March of 1998 to .41% in March of 
1999.  Nonaccrual loans increased $441,442 in quarterly 
comparison, from $195,501 at March 31, 1998 to $636,943 

				       9


<PAGE>

at March 31, 1999.  The increase resulted from the addition 
of a large real estate credit totaling approximately $360,000 
in the first quarter of 1999.  In addition, approximately 
$110,000 of another commercial credit added to nonaccrual 
loans in the second half of 1998 remained in the 
nonperforming total as of March 31, 1999.  The ALL 
represented 296% of nonperforming loans as of March 31, 
1999, as compared to 787% as of March 31, 1998.

MidSouth's leverage ratio was 6.09% at March 31, 1999.  
Return on average common equity was 16.89% and return 
on average assets was .93%.

Earnings Analysis

Net Interest Income

Average earning assets increased 17%, or $34.4 million, 
from $201.2 million for the three months ended March 31, 
1998 to $235.6 million for the three months ended March 
31, 1999.  The mix of average earning assets remained 
relatively constant as loans represented 65.8% of average 
earning assets in the first quarter of 1999 compared to 
65.5% in the first quarter of 1998. 
Average loan volume increased $23.4 million, from $131.8 
million in the first quarter of 1998 to $155.2 million in the 
first quarter of 1999.  The average yield on loans fell 40 
basis points, from 10.22% to 9.82% at March 31, 1999.  
The decrease in loan yields resulted from a 50 basis point 
decrease in the prime lending rate (both New York prime 
and MidSouth's internal prime rate) in the fourth quarter of 
1998.  Investment volume, including federal funds sold, 
increased $11.0 million, from $69.4 million at March 31, 
1998 to $80.4 million at March 31, 1999 due to decreased 
loan demand.  The average taxable-equivalent yield on 
investments declined by 13 basis points for the same 
period, from 6.61% to 6.48%.  Additionally, federal funds 
sold yields decreased 74 basis points, from 5.32% to 
4.58%.  Lower yields resulted in a decrease in the taxable-
equivalent yield on average earning assets of 32 basis 
points, from 8.89% in the first quarter of 1998 to 8.57% in 
the first quarter of 1999.  Volume increases in average 
earning assets resulted in increased interest income of 
$551,476 in quarterly comparison despite falling yields.  

An average volume increase of  $28.6 million in interest-
bearing liabilities resulted in a $220,966 increase in interest 
expense for the quarter ended March 31, 1999 compared to 
the quarter ended March 31, 1998.  The percentage of 
average interest-bearing deposits to average total deposits 
increased from 74.1% in the first quarter of 1998 to 75.5% 
in the first quarter of 1999.  The average rate paid on 
interest-bearing deposits decreased 16 basis points, from 
4.15% at March 31, 1998 to 3.99% at March 31, 1999.  The 
average volume of notes payable increased $260,459 in 
quarterly comparison as MidSouth and its subsidiary, 
Financial Services of the South, Inc. (the "Finance 
Company") had minimal borrowings against their lines of 
credit during the twelve months ended March 31, 1999. 

The net effect of changes in the yields and volume of 
earning assets and interest-bearing liabilities increased net 
interest income $330,418 in quarterly comparison.  The net 
taxable-equivalent yield on average earning assets 
decreased 22 basis points, from 5.62% for the quarter ended 

				       10


<PAGE>


March 31, 1998, to 5.40% for the quarter ended March 31, 
1999.


Non-interest Income

MidSouth's primary source of non-interest income, service 
charges on deposit accounts, increased $121,076 for the 
three months ended March 31, 1999 as compared to the 
same period in 1998.  The increase resulted primarily from 
additional insufficient funds fees and an increase in the 
volume of accounts serviced.  Other non-interest income 
increased $20,175 in quarterly comparison.  A new 
mortgage origination program with a third party processor 
contributed $11,023 to the increase in other non-interest 
income.  Visa debit card and merchant income increased 
$16,912; however, Visa program expenses increased 
$10,713, partially offsetting the benefit to income. 
Decreases were recorded in income from the sale of credit 
life insurance ($10,951) and lease income from a third party 
investment firm ($10,662). 

Non-interest Expense

Non-interest expense increased  $395,837 or 16% for the 
three months ended March 31, 1999 compared to the three 
months ended March 31, 1998.   Increases were recorded 
primarily in the categories of salaries and employee 
benefits, occupancy expenses, marketing expenses, and 
data processing expenses.    

Salaries and employee benefits increased primarily due to 
the addition of the Lake Charles Office staff and 
administrative staff, including a Training Director and
Internal Auditor. The number of full-time equivalent 
("FTE") employees increased by 11, from 140 in 
March 1998 to 151 in March 1999.  

Occupancy expense increased in the three month period 
ended March 31, 1999 compared to the same period of 
1998 due to increases in depreciation and maintenance 
expenses associated with buildings, furniture and equipment, 
utilities and ad valorem taxes.  The increase in depreciation 
expense and utilities resulted primarily from the addition 
of the Lake Charles office in June 1998.

Marketing expenses increased $82,169 due to production 
costs and media costs associated with a promotional 
campaign designed to appeal to customers impacted by 
bank merger activity in the market.  

Data processing expenses increased $24,729 primarily due 
to increased software maintenance charges and increases 
data processing training, support and supplies.  

Balance Sheet Analysis

MidSouth ended the first quarter of 1999 with consolidated 
assets of $270,432,493, an increase of  $20.6 million or 8% 
from the $249,818,268 reported for December 31, 1998.  
Deposits increased over the three months ended March 31, 

				       11



<PAGE>


1999 by $20.1 million, from $229,924,302 at December 31, 
1998 to $250,018,682.  Non-interest bearing deposits 
declined $1.7 million and interest-bearing deposits 
increased $21.8 million during the three month period.  Of 
the $20.1 million increase, $12.5 million was in savings 
and money market deposits and  $8.3 million in certificates 
of deposit.  A total of $6.6 million of the growth in deposits 
resulted from a deposit promotion that began on March 1, 
1999.

Loans remained relatively constant as new loan fundings 
were offset by payoffs on existing credits.  Loan growth 
slowed in the past six months due to a decrease in demand 
and competitive pricing for loan dollars in MidSouth's 
market.  Due to the decrease in loan fundings, excess funds 
were used to purchase additional securities and federal 
funds sold.  Securities available-for-sale increased $10.1 
million, from $43.9 million at December 31, 1998 to $54.0 
million at March 31, 1999.  The increase reflects purchases 
of $13.1 million and maturities and principal paydowns of 
$2.8 million. Unrealized gains in the securities available-
for-sale portfolio, net of unrealized losses and tax effect, 
were $171,210 at March 31, 1999, compared to a net 
unrealized gain of $276,700 at December 31, 1998.  These 
amounts result from interest rate fluctuations and do not 
represent permanent adjustments of value.  Moreover, 
classification of securities as available-for-sale does not 
necessarily indicate that the securities will be sold prior to 
maturity.  

Capital

As of March 31, 1999, MidSouth's leverage ratio was 
6.09% as compared to 6.06% at December 31, 1998.  Tier 1 
capital to risk-weighted assets was 9.25% and total capital 
to risk-weighted assets was 10.35% at the end of the first 
quarter of 1999.  At year-end 1998, Tier 1 capital to risk-
weighted assets was 9.13% and total capital to risk-
weighted assets was 10.25%.

MidSouth's dividend reinvestment and direct stock 
purchase plan yielded common stock purchases of $78,479 
in the first quarter of 1999.             

 The Year 2000 Issue

The Year 2000 issue arises from the storage of data within 
computer systems using a two digit field rather than a four 
digit field to define the year.  Consequently, computer 
programs may recognize a date using "00" as the year 1900 
instead of 2000.  All companies and organizations that use 
computer systems are affected by this issue.  To maintain 
safe and sound banking practices, financial institutions are 
required to take appropriate measures to insure efficient 
operations of computer systems beyond the year 2000.  
MidSouth's Board of Directors established a Year 2000 
compliance committee in June 1997.  The committee 
inventoried MidSouth's hardware and software programs, 
identified mission critical systems and forwarded letters to 
the providers regarding Year 2000 compliance.  As of 
March 31, 1999, testing and updating has been performed 
on approximately 98% of MidSouth's mission critical 
systems, including the core data processing hardware and 
software.  In addition, MidSouth has received a warranty 
from the software provider as to the completion of internal 
testing and readiness of their programs. 


				       12

<PAGE>



To further reduce the risks associated with the Year 2000, 
MidSouth held seminars for commercial customers and 
community businesses in May 1998.  MidSouth provided 
seminar participants with software designed to help them 
identify Year 2000 issues within their organizations.  The 
software guides the user through the vendor identification 
and tracking process and provides assistance in other issues 
such as contingency planning.  As part of its own 
contingency planning, MidSouth has agreements with and 
has tested the capabilities of two vendors to provide short-
term and long-term processing.

In compliance with Year 2000 disclosure requirements, the 
committee has analyzed the impact that compliance with 
the Year 2000 may have on earnings.  Costs totaling 
approximately $82,000 have been identified or incurred for 
testing and other expenses.  Additional costs are expected, 
but it is management's opinion that the costs will not be 
material to MidSouth's earnings. 

				       13


<PAGE>

Nonperforming Assets and Past Due Loans
Table 1 summarizes MidSouth's nonaccrual, past due and 
restructured loans and nonperforming assets. 

<TABLE>
<CAPTION>


				TABLE 1
			Nonperforming Assets and
			 Loans Past Due 90 Days

=========================================================================

				     March        December        March
				      31,            31,           31,
				     1999           1998          1998
=========================================================================

<S>                                <C>            <C>           <C>
Nonperforming loans                $636,943       $533,107      $195,501

Other real estate owned, net         39,100         48,100        53,137
Other assets repossessed              5,039         26,533        29,788
				   ______________________________________

Total nonperforming assets         $681,082       $607,740      $278,426
				   ======================================

Loans past due 90 days
or more and still accruing         $596,072       $329,116      $147,604

Nonperforming loans as a
% of total loans                       .41%          0.34%         0.15%

Nonperforming assets as a
% of total loans, other real
estate owned and other assets
repossessed                           0.44%          0.39%         0.21%

ALLL as a % of nonperforming 
loans                               295.72%        348.99%       787.34%
				   _____________________________________

</TABLE>
				       
				       
				       14



<PAGE>

Nonperforming assets were $681,082 as of March 31, 1999, 
an increase of $73,342 from the $607,740 reported for 
December 31, 1998 and an increase of $402,656 from the 
$795,501 reported for March 31, 1998.  The increase 
resulted primarily from the addition of a large real estate 
credit totaling approximately $360,000 in the first quarter 
of 1999.  In addition, approximately $110,000 of another 
commercial credit added to nonaccrual loans in the second 
half of 1998 remained in the nonperforming loan total as of 
March 31, 1999.  Loans past due 90 days or more increased 
from $147,604 in March 1998 to $329,116 in December 
1998 and increased to $596,072 as of March 31, 1999.  Of 
the $596,072 in loans past due 90 days or more at March 
31, 1999, $189,819 were past due loans reported by the 
Finance Company.  

Specific reserves have been established in the ALL to cover 
potential losses on nonperforming assets.  The ALL is 
analyzed quarterly and additional reserves, if needed, are 
allocated at that time.  Management believes the 
$1,883,553 in the reserve as of March 31, 1999 is sufficient 
to cover potential losses in nonperforming assets and in the 
loan and lease portfolios.  Loans classified for regulatory 
purposes but not included in Table 1 do not represent 
material credits about which management has serious 
doubts as to the ability of the borrower to comply with loan 
repayment terms.

				       
				       15



<PAGE>


Item 6.  Exhibits and Reports on Form 8-K                Page 16

(a) Exhibits

Exihibit Number         Document Description

 3.1                    Amended and Restated Articles of Incorporation 
			of MidSouth Bancorp, Inc. is included as Exhibit 
			3.1 to the MidSouth's Report on Form 10-K for  
			the year ended December 31, 1993, and is 
			incorporated herein by reference.

 3.2                    Articles of Amendment to Amended and Restated 
			Articles of Incorporation dated July 19, 1995 
			are included as Exhibit 4.2 to MidSouth's 
			Registration Statement on Form S-8 filed 
			September 20, 1995 and is incorporated herein 
			by reference.

 3.3                    Amended and Restated By-laws adopted by the 
			Board of Directors on April 12, 1995 are 
			included as Exhibit 3.2 to Amendment No. 1 to 
			MidSouth's Registration Statement on Form S-4 
			(Reg. No. 33-58499) filed on June 1, 1995.  

10.1                    MidSouth National Bank Lease Agreement with 
			Southwest Bank Building Limited Partnership is 
			included as Exhibit 10.7 to the Company's annual 
			report on Form 10-K for the Year Ended 
			December 31, 1992, and is incorporated herein 
			by reference.

10.2                    First Amendment to Lease between MBL Life 
			Assurance Corporation, successor in interest 
			to Southwest Bank Building Limited Partnership in 
			Commendam, and MidSouth National Bank is included 
			as Exhibit 10.1 to Report on the Company's annual 
			report on Form 10-KSB for the year ended 
			December 31, 1994, and is incorporated herein 
			by reference.

10.3                    Amended and Restated Deferred Compensation Plan 
			and Trust is included as Exhibit 10.3 to the 
			Company's annual report on Form 10-K for the year
			ended December 31, 1992 and is incorporated herein 
			by reference.

10.4                    Employment Agreements with C. R. Cloutier and 
			Karen L. Hail are included as Exhibit 5(c) to 
			MidSouth's Form 1-A and are incorporated  
			herein by reference.

10.6                    MidSouth Bancorp, Inc.'s 1997 Stock Incentive Plan
			is included as Exhibit 4.5 to MidSouth's definitive 
			Proxy Statement filed April 11, 1997, and 
			is incorporated herein by reference.


								
<PAGE>

								    Page 17


10.7                    The MidSouth Bancorp, Inc. Dividend Reinvestment 
			and Stock Purchase Plan is included as Exhibit 
			4.6 to MidSouth Bancorp, Inc.'s Form S-3D filed 
			on July 25, 1997 and is incorporated herein by 
			reference.

10.8                    Loan Agreements and Master Notes for lines of 
			credit established for MidSouth Bancorp, Inc. and 
			Financial Services of the South, Inc. 
			are included as Exhibit 10.7 of MidSouth's 
			Form 10-QSB filed on August 14, 1997 and is 
			incorporated herein by reference.

11                      Computation of earnings per share  

27                      Financial Data Schedule


     (b)  Reports Filed on Form 8-K

		 (none)

Signatures


In accordance with the requirements of the Exchange Act, 
the registrant caused this report to be signed on its behalf 
by the undersigned, thereunto duly authorized.


				  MidSouth Bancorp, Inc.
				  (Registrant)



Date:  May 15, 1999
       ____________               _______________________________
				  C. R. Cloutier, President & CEO


				  _______________________________
				  Karen L. Hail, Executive Vice 
				  President & CFO


				  _______________________________
				  Teri S. Stelly, Senior Vice 
				  President & Controller



<PAGE>
<TABLE>
<CAPTION>


MIDSOUTH BANCORP, INC. AND SUBSIDIARIES                               EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE  (Unaudited)
FOR THE THREE MONTHS ENDED MARCH 31, 1999 AND 1998 AND
  FOR THE TWELVE MONTHS ENDED DECEMBER 31, 1998



				    First Quarter    First Quarter    Year-to-Date
				     March 31,        March 31,       December 31,
BASIC                                   1999             1998             1998
				    _____________    _____________    ____________  
<S>                                   <C>              <C>             <C>
Earnings:
    Income applicable to common 
      stock                            $563,467         $514,988       $2,296,812
				      =========        =========        =========

Shares:
    Weighted average number of
      common shares outstanding       2,439,256        2,381,511        2,410,926
				      =========        =========        =========
																											 16593080
Earnings per common share:                                                    
    Income applicable to common 
      stock                               $0.23            $0.21            $0.95
				      =========        =========        =========


DILUTED

Earnings:
    Net income                         $596,850         $552,508       $2,445,783
				      =========        =========        =========

Weighted average number of
    common shares outstanding         2,439,256        2,381,511        2,410,926

    Assuming exercise of options, 
      reduced by the number of 
      shares which could have
      been purchased with the 
      proceeds from exercise of 
      such options at the
      average issue price                56,604           77,289           72,317

    Assuming conversion of 
      preferred stock
      at a conversion rate 
      of 1 to 2.998                     469,343          476,810          475,138
				      _________        _________        _________
    Weighted average number of 
      common shares outstanding, 
      as adjusted                     2,965,203        2,935,610        2,958,381
				      =========        =========        =========

Fully diluted earnings per common 
  share                                   $0.20            $0.19            $0.83
				      =========        =========        =========



</TABLE>