FORM 10-Q/A
               SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C. 20549
                                
                                
     [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d)
             OF THE SECURITIES EXCHANGE ACT OF 1934
                                
          For the quarterly period ended June 30, 1995
                                
                               OR
                                
     [ ] 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 1-4717
                                
                                
             KANSAS CITY SOUTHERN INDUSTRIES, INC.
     (Exact name of registrant as specified in its charter)
                                
                                
                     Delaware                       44-0663509
           (State or other jurisdiction of       (I.R.S. Employer 
          incorporation or organization)        Identification No.)


      114 West 11th Street, Kansas City, Missouri          64105
      (Address of principal executive offices)         (Zip Code)


                         (816) 556-0303
      (Registrant's telephone number, including area code)
                                
                                
                           No Changes
(Former name, former address and former fiscal year, if changed since last
                            report.)

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 
1934 during the preceding 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 [ ]
                                
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

          Class                                 Outstanding at July 31, 1995

Common Stock, $.01 per share par value                     42,796,066 Shares
PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

Part I,  Item 1, Footnote 10 to the financial statements of this Form 10-Q is
hereby incorporated herein by reference.


Item 6. Exhibits and Reports on Form 8-K

a)   Exhibits
     Exhibit 10.1 - Five-Year Competitive Advance and Revolving Credit
     Facility Agreement dated May 5, 1995 among Kansas City Southern
     Industries, Inc. and the lenders named.

     Exhibit 10.2 - Employment agreement dated May 15, 1995, among Kansas City
     Southern Industries, Inc., The Kansas City Southern Railway Company, and
     Michael R. Haverty.

     Exhibit 27.1 - Financial Data Schedule.

b)   Reports on Form 8-K
     The Registrant filed a Form 8-K dated May 15, 1995, under Item 5
     reporting the retirement and resignation of George W. Edwards, Jr.
     President and Chief Executive Officer of the Kansas City Southern
     Railway and a Director and Executive Vice President of the Registrant. 
     Mr. Edwards is succeeded by Michael R. Haverty, former President of The
          Atchison, Topeka, and Santa Fe Railway.
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 and in the capacities indicated on
December 1, 1995.

 Kansas City Southern Industries, Inc.



                     /s/ Joseph D. Monello             
                       Joseph D. Monello
            Vice President & Chief Financial Officer
                 (Principal Financial Officer)
                                
                                
                                
                     /s/ Louis G. Van Horn             
                       Louis G. Van Horn
                          Comptroller
                 (Principal Accounting Officer)