UNITED STATES
                         SECURITIES AND EXCHANGE COMMISSION
                                  WASHINGTON, D.C.

                                     FORM 10Q/A

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


For Quarter Ended March 31, 1995         Commission File Number: 0-9341


                      SECURITY NATIONAL  FINANCIAL CORPORATION
                              Exact Name of Registrant


           UTAH                                 87-0345941   
--------------------------------           -------------------------
(State or other jurisdiction               IRS Identification Number
of incorporation or organization)

5300 South 360 West, Salt Lake City, Utah        84123
------------------------------------------    ----------
(Address of principal executive offices)      (Zip Code)



Registrant's telephone number,
   including Area Code                       (801) 264-1060
                                             ---------------


Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for 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  XX         NO

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, net of treasury stock, as of the close of the period covered
by this report.


Class A Common Stock, $2.00 par value                3,026,391
--------------------------------------    -------------------------------
      Title of Class                      Number of Shares Outstanding as
                                                of March 31, 1995

Class C Common Stock, $.40 par value                 2,250,764
--------------------------------------    --------------------------------
      Title of Class                      Number of Shares Outstanding as
                                                of March 31, 1995



                                     SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the 
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
  
  
                                     REGISTRANT
                       SECURITY NATIONAL FINANCIAL CORPORATION
                                     Registrant




                              
DATED:  August 10, 1995  By:     Scott M. Quist
                                 First Vice President, General
                                 Counsel, Treasurer and Principal
                                 Accounting Officer



DATED:  August 10, 1995  By:     George R. Quist
                                 President



(a)(3)  Exhibits

  The following Exhibits are filed herewith pursuant to Rule 601 of Regulation
  S-K or   are incorporated by reference to previous filings.

Exhibit

  Table No       Document

(a)(3)  Exhibits:

  (c)   Exhibit 27