SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C. 20549


                                Form 10-K

   (Mark One)

   --      ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
  |X |               SECURITIES EXCHANGE ACT OF 1934
   --
                  For the fiscal year ended March 31, 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 1-6903

                         Trinity Industries, Inc.
            ( Exact name of registrant as specified in its charter)

         Delaware                                        75-0225040
 (State of Incorporation)                   (I.R.S. Employer Identification No.)

    2525 Stemmons Freeway
        Dallas, Texas                                    75207-2401
(Address of principal executive offices)                 (Zip Code)

   Registrant's telephone number, including area code  (214) 689-0592

     Securities Registered Pursuant to Section 12(b) of the Act

                                                       Name of each exchange
            Title of each class                         on which registered

         Common stock, $1.00 par value                New York Stock Exchange



               Securities Registered Pursuant to Section 12(g) of the Act:

                                      None



     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 requirements for the past 90 days.

                                   Yes  X    No

     Indicate by check mark if disclosure of delinquent filers pursuant to
   Item 405 of Regulation S-K is not contained herein, and will not be
   contained, to the best of registrants knowledge, in definitive proxy
   or information statements incorporated by reference in Part III of this
   Form 10-K or any amendment to this Form 10-K. --
                                                |X |
                                                 --

     The aggregate market value of voting stock held by nonaffiliates of the
    Registrant is $1,531,783,124 as of May 26, 1995.

                                40,177,918

   ( Number of Shares of common stock outstanding as of May 26, 1995)


                       DOCUMENTS INCORPORATED BY REFERENCE

	Portions of the Registrant's 1995 Annual Report to Stockholders for the 
fiscal year ended March 31, 1995 are incorporated by reference into Parts I, 
II, and IV hereof and portions of the Registrant's definitive Proxy Statement 
for the 1995 Annual Meeting of Stockholders to be held July 19, 1995 are 
incorporated by refernece into Part III hereof.


Item 14.  Exhibits, Financial Statement Schedules and Reports on Form 8-K.

      (a) Exhibit

   Exhibit
   Number            Description
     27              Financial Data Schedule

No Form 8-K was filed during the quarter


                                SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this Annual Report to be signed on
its behalf by the undersigned, thereunto duly authorized.

Trinity Industries, Inc.
Registrant

By: /s/ F. Dean Phelps, Jr.
          F. Dean Phelps, Jr.
          Vice President
          July 14, 1995