FORM 10-Q/A

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549

AMENDMENT TO QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For quarter ended March 31, 1995        Commission file number 0-305


NATIONAL PROPERTIES CORPORATION	
(Exact name of registrant as specified in its charter)


Iowa                                                      42-0860581
(State of other jurisdiction of                     (I.R.S. Employer
incorporation or organization)                   Identification No.)


4500 Merle Hay Road, Des Moines, Iowa                          50310
(Address of principal executive offices)                  (Zip Code)


Registrant's telephone number, including area code:   (515) 278-1132


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, and (2) has been subject to such filing 
requirement 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.

COMMON STOCK (PAR VALUE $1.00)
459,745 SHARES AS OF April 30, 1995




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.

NATIONAL PROPERTIES CORPORATION

Date     6/23/95                          By______________________________
                                          Raymond Di Paglia, President

Date     6/23/95                          By______________________________
                                          Robert W. Guely, Vice President
                                          and Chief Financial Officer

This amendment is being filed to supply Exhibit 27, Financial Data Schedule 
(electronic filing only), which was not included with the original submission.