FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   JRPM Investments, Ltd. 2. Date of Event Requiring Statement (Month/Day/Year) 12/13/2005 3. Issuer Name and Ticker or Trading Symbol FIRST FINANCIAL CORP /TX/ [FFC] (Last) (First) (Middle) 800 WASHINGTON AVE. 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) WACO, TX 76701 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Convertible Promissory Note	12/13/2005	12/29/2006	Common Stock	$ 350,000	$ 2.5 (1)	D (2)	Â
Convertible Promissory Note	12/13/2005	12/29/2006	Common Stock	326,472	$ 1.5315	D (2)	Â
Option (right to buy)	12/13/2005	12/31/2006	Common Stock	70,000 (4)	$ 5 (3)	D (2)	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
JRPM Investments, Ltd. 800 WASHINGTON AVE. WACO, TX 76701	Â	  X	Â	Â
RAM Investors, Inc. 800 WASHINGTON AVE. WACO, TX 76701	Â	  X	Â	Â

Signatures

JRPM Investments, Ltd., by David W. Mann, its General Partner		12/15/2005
**Signature of Reporting Person		Date
RAM Investors, Inc., by David W. Mann, its President		12/15/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The price at which each share of common stock shall be delivered upon coversion shall be the greater of $2.50 per share or the book value per share at the time of conversion.
(2)	RAM Investors, Inc. ("RAMII") is a general partner of JRPM Investments, Ltd. and has an indirect beneficial interest in these securities. RAMII disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein.
(3)	The option is exercisable at the greater of $5.00 per share or the book value per share as of the date of exercise.
(4)	Based on an exercise price of $5.00.

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