U.S. Securities and Exchange Commission
                             Washington, D.C.  20549

                                   FORM 10-QSB/A

(Mark One)
[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

       For the quarterly period ended         June 30, 1995


[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE
ACT

       For the transition period from                   to

       Commission file number               0-2054


                       TSI, INC.
(Exact name of small business issuer as specified in its charter)


              Montana
(State or other jurisdiction of incorporation or organization)

         81-0267738
(IRS Employer Identification No.)

128 Second Street South, Great Falls, Montana   59405
(Address of principal executive offices)

(406) 727-2600
(Issuer's telephone number)



                  Not Applicable
(Former name, former address and former fiscal year, if changed
since last report)


  Check whether the issuer (1) filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act during the past
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

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

  Check whether the registrant filed all documents and reports
required to be filed by Section 12, 13 or 15(d) of the Exchange Act
after the distribution of securities under a plan confirmed by a court.
Yes         No

                       APPLICABLE ONLY TO CORPORATE ISSUERS

  State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date:

            Class                             Outstanding at June 30, 1995
$.05 Par Value Common Stock                         9,423,142 Shares


Transitional Small Business Disclosure Format (Check One):
Yes;    No  X






           THE COMPANY'S FORM 10-QSB FOR THE QUARTER ENDED JUNE 30,
1995 IS BEING AMENDED HEREBY TO INCLUDE EXHIBIT 27, A FINANCIAL DATA
SCHEDULE.    





                                SIGNATURES







        In accordance with the requirements of the
        Exchange Act, the registrant caused this
        report to be signed on its behalf by the
        undersigned, thereunto duly authorized.





                                 TSI, INC.
                                Registrant


Date:  August 27, 1995           s/C. Swofford
                                   C. Swofford
                                   Assistant Secretary-Treasurer





Date:  August 27, 1995            s/Jerry K. Mohland
                                    Jerry K.Mohland,
                                    Accountant