October 29, 1999


Securities and Exchange Commission
Operations Center
6432 General Green Way
Alexandria, VA  22312-2413

Gentlemen:

We are transmitting herewith Indiana Gas Company, Inc.'s
Current Report on Form 8-K.

Very truly yours,



/s/ Pia M. O'Connnor
Pia M. O'Connor



                  SECURITIES AND EXCHANGE COMMISSION

                       Washington, D. C.  20549





                               FORM 8-K


                            CURRENT REPORT



                Pursuant to Section 13 or 15(d) of the
                    Securities Exchange Act of 1934





Date of Report (Date of earliest event reported):   October 29, 1999




                     INDIANA GAS COMPANY,INC.
         (Exact name of registrant as specified in its charter)




         INDIANA                      1-6494          35-0793669
(State or other jurisdiction   (Commission File No.)  (IRS Employer
     of incorporation)                                 Identification
                                                       Number)





       1630 North Meridian Street, Indianapolis, Indiana  46202
            (Address of principal executive offices)   (Zip Code)





Registrant's telephone number, including area code:   (317) 926-3351

Item 5.    Other Events
On October 29, 1999, Indiana Energy, Inc., the parent of Indiana Gas
Company, Inc. (Indiana Gas) and other subsidiaries, released summary
financial information to the investment community regarding its
consolidated results of operations, financial position and cash flows
for the three- and twelve-month periods ended September 30, 1999.
This information is summary in nature, does not include footnote
disclosures and should not be considered complete financial
statements.  The consolidated information for Indiana Energy, Inc.
and its subsidiaries is not necessarily indicative of the performance
of Indiana Gas on a stand-alone basis.


Item 7.    Exhibits

99     Financial Analyst Report - Fourth Quarter 1999



                              SIGNATURES

   Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.


                                 INDIANA GAS COMPANY, INC.
                                        Registrant




Dated October 29, 1999   /s/Niel C. Ellerbrook
                         Niel C. Ellerbrook
                         President



Dated October 29, 1999   /s/Jerome A. Benkert
                         Jerome A. Benkert
                         Vice President and Controller