SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(b)
(AMENDMENT NO. 2)

HOMESTEAD BANCORP, INC.

(Name of Issuer)

Common Stock, Par Value $.01 Per Share

(Title of Class of Securities)

437698 10 3

(CUSIP Number)

December 31, 2000

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

: Rule 13d-1(b)

9 Rule 13d-1(c)

9 Rule 13d-1(d)

Page 1 of 5 pages

CUSIP NO. 437698 10 3 Page 2 of 5 pages

1.	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Homestead Bancorp, Inc. Employee Stock Ownership Plan 72-1416514
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) 9 (b) 9
3.	SEC USE ONLY
4.	CITIZENSHIP OR PLACE OF ORGANIZATION Louisiana
5.	NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE VOTING POWER 68,115
6.	NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED VOTING POWER 21,448
7.	NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE DISPOSITIVE POWER 68,115
8.	NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED DISPOSITIVE POWER 21,448
9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 89,563
10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 9
11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.0%
12.	TYPE OF REPORTING PERSON EP

CUSIP NO. 437698 10 3 Page 3 of 5 pages

Item 1(a) Name of Issuer:

Homestead Bancorp, Inc.

Item 1(b) Address of Issuer's Principal Executive Offices:

195 North Sixth Street
Ponchatoula, Louisiana 70454

Item 2(a) Name of Person Filing:

Homestead Bancorp, Inc. Employee Stock Ownership Plan

Item 2(b) Address of Principal Business Office or, if None, Residence:

                    Homestead Bancorp, Inc.
                    195 North Sixth Street
                    Ponchatoula, Louisiana 70454

Item 2(c) Citizenship:

Louisiana

Item 2(d) Title of Class of Securities:

Common Stock, par value $.01 per share

Item 2(e) CUSIP Number:

437698 10 3

Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether
the Person Filing is a:

(f) : An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).

Item 4. Ownership.

(a) Amount beneficially owned:

89,563

(b) Percent of class: 9.0%

CUSIP NO. 437698 10 3 Page 4 of 5 pages

                    (c)     Number of shares as to which such person has:
                     (i)      Sole power to vote or to direct the vote 68,115
                    (ii)     Shared power to vote or to direct the vote 21,448
                     (iii)    Sole power to dispose or to direct the disposition of 68,115
                     (iv)    Shared power to dispose or to direct the disposition of 21,448

The Homestead Bancorp, Inc. Employee Stock Ownership Plan Trust ("Trust") was established pursuant to the Homestead Bancorp, Inc. Employee Stock Ownership Plan ("ESOP"). Under the terms of the ESOP, the Trustees will generally vote the allocated shares held in the ESOP in accordance with the instructions of the participating employees and will generally vote unallocated shares held in the ESOP in the same proportion for and against proposals to stockholders as the ESOP participants and beneficiaries actually vote shares of Common Stock allocated to their individual accounts, subject in each case to the fiduciary duties of the ESOP Trustees and applicable law. Any allocated shares which either abstain on the proposal or are not voted will generally be disregarded in determining the percentage of stock voted for and against each proposal by the participants and beneficiaries. As of December 31, 2000, 21,448 shares have been or were committed to be allocated to participants' accounts and 68,115 shares were unallocated.

Item 5. Ownership of Five Percent or Less of a Class.

Not applicable since the reporting entity owns more than 5% of the class.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Participants in the ESOP are entitled to receive dividends on, and the proceeds from, the sale of the shares allocated to their accounts. The ESOP does not own more than 5% on behalf of another person.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security
Being Reported on by the Parent Holding Company or Control Person.

Not applicable.

Item 8. Identification and Classification of Members of the Group.

Not applicable since the reporting entity is not a member of a group.

Item 9. Notice of Dissolution of Group.

Not applicable since the reporting entity is not a member of a group.

CUSIP NO. 437698 10 3 Page 5 of 5 pages

Item 10. Certifications.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose 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.

HOMESTEAD BANCORP, INC.
EMPLOYEE STOCK OWNERSHIP PLAN TRUST

February 7, 2001	By:	/s/ Lawrence C. Caldwell, Jr.
		Lawrence C. Caldwell, Jr., Trustee
February 7, 2001	By:	/s/ Dennis E. James
		Dennis E. James, Trustee
February 7, 2001	By:	/s/ Kelly Morse
		Kelly Morse, Trustee

HOMESTEAD BANCORP INC SC 13G