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                      SECURITIES AND EXCHANGE COMMISSION
                           Washington, D. C.  20549
                                      
                                 FORM 10-Q/A
                               AMENDMENT NO. 1

      [ X ]    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

      For the quarter ended                      Commission file number
         March 31, 1995                                000-17303

                        VECTOR AEROMOTIVE CORPORATION
            (Exact name of registrant as specified in its charter)

         NEVADA                                          33-025-4334
 (State of Incorporation)                   (I.R.S. Employer Identification No.)

                            7601 CENTURION PARKWAY
                         JACKSONVILLE, FLORIDA  32256
                   (Address of principal executive offices)
                                      
                               (904) 645-0505
                         (Issuer's telephone number)

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 [ ]

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

          Common Stock, $.01 par value per share; 42,379,699 shares
                        outstanding as of May 12, 1995
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                               TABLE OF CONTENTS


                                                                               
                                                                            PAGE
                                                                       
                                       PART I


Item 6.  Exhibits and Reports on Form 8-K                                    1 


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ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

Exhibits
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10.01  Exhibits A through E to Agreed Contract between Vector Aeromotive
       Corporation and automobili Lamborghini, S.p.A. for Engine Development 
       Program and Engine Purchase Agreement.


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                                  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 hereunto duly authorized.



                                           VECTOR AEROMOTIVE CORPORATION


                                           By /s/ D. Peter Rose
                                              --------------------------------
                                              D. Peter Rose
                                              President
                                              July 20, 1995


                                              /s/ Sultaman G. Lubis
                                              ---------------------------------
                                              Sultaman G. Lubis
                                              Chief Financial Officer, Treasurer
                                              July 20, 1995