FORM 10-Q/A

                    SECURITIES AND EXCHANGE COMMISSION

                          WASHINGTON, D.C. 20549
                             -----------------
(Mark One)
[X]       QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
          EXCHANGE ACT OF 1934

For quarterly period 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 1-649

                              READING COMPANY
                              ---------------
          (Exact name of registrant as specified in its charter)

         Pennsylvania                                 23-6000773
         ------------                                 ----------
   (State of incorporation)                (I.R.S. Employer Identification No.)

            One Penn Square West
 30 South Fifteenth Street, Suite 1300
     Philadelphia, Pennsylvania                                 19102-4813
(Address of principal executive offices)                        (Zip Code)

                  Registrant's telephone number: 215-569-3344

     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 (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 [ ]

     There were 4,961,150 shares of Class A Common Stock and 12,217 shares of
Common Stock outstanding as of May 5, 1995.



                          PART II - OTHER INFORMATION


        

Item 6.   Exhibits and Reports on Form 8-K

     (a)  Exhibits

          27   Financial Data Schedule

     (b)  The Company did not file any reports on Form 8-K during the three
          month period ended March 31, 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.

                    READING COMPANY, REGISTRANT

Date:   June 23, 1995                 By: /s/ James A. Wunderle
                                          --------------------------------
                                          James A. Wunderle
                                          Executive Vice President,
                                          Chief Operating Officer
                                          and Treasurer
                                          (Duly Authorized Officer and
                                          Principal Financial Officer)

Date:   June 23, 1995                 By: /s/ Eileen M. Mahady
                                          --------------------------------
                                          Eileen M. Mahady
                                          Controller
                                          (Principal Accounting Officer)