Exhibit 99.1
Media Contact:
Robin J. Lampe
Phone: (785) 575-6468

Investor Contact:
Adam M. Goldston
Phone: (310) 258-6502


FOR IMMEDIATE RELEASE


                                PROTECTION ONE
                             RECEIVES BANK WAIVER

     CULVER CITY, Calif., October 1, 1999   Protection One, Inc. (NYSE:POI)

today announced it has received a 30-day waiver from its banks on its

revolving credit facility.

     The company continues to work closely with the banks on an amendment to

its revolving credit agreement.

     As of September 30, 1999, the company had approximately $216 million

drawn under the revised facility with a reduced limit of $250 million.



     Protection One, one of the leading residential security alarm companies
in the United States, provides monitoring and related security services to
more than 1.6 million residential and commercial subscribers in North America
and Europe.

     Statements contained in this press release concerning statements of
management's beliefs, goals and expectations are "forward-looking statements"
as the term is defined in the Private Securities Litigation Reform Act of
1995, and are subject to risks and uncertainties that could cause actual
results to differ materially from those expressed in or implied by the
statements.  Certain information in this release constitutes forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995, and is subject to the safe harbor protections of that Act.  Other
risks and uncertainties are described in Protection One's 1998 Form 10-K/A
filed with the Securities and Exchange Commission on April 14, 1999 and
quarterly reports on Form 10-Q filed May 17, 1999 and August 16, 1999.
Protection One disclaims any obligations to update any forward-looking
statements as a result of developments occurring after the date of this press
release.