SECURITIES AND EXCHANGE COMMISSION

                          WASHINGTON, D.C.  20549

                                     
                                FORM 10-Q/A

                              AMENDMENT NO. 1
                                    TO




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

For Quarterly period ended    September 30, 1994                              
                          -----------------------------
                                    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     1-7677                                      
                      ------------------------------------------

                            LSB INDUSTRIES, INC.               
           -----------------------------------------------------
           Exact name of Registrant as specified in its charter 


         DELAWARE                                 73-1015226       
- ------------------------------              --------------------
State or other jurisdiction of                 I.R.S. Employer 
incorporation or organization                 Identification No.

          16 South Pennsylvania,   Oklahoma City, Oklahoma  73107
          -------------------------------------------------------
            Address of principal executive offices    (Zip Code)

                               (405) 235-4546                     
            --------------------------------------------------
            Registrant's telephone number, including area code 

                                   None                            
            ------------------------------------------------------
            Former name, former address and former fiscal year, if 
                           changed since last report. 

  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    
                       -----          -----
The number of shares outstanding of the Registrant's voting Common Stock, as
of November 8, 1994 is 13,060,046 shares excluding 1,558,590 shares held as
treasury stock.

(a)   Exhibits.  The Company has included the following exhibits in this
      report:


27   Financial Data Schedule



                                      SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Company has caused the undersigned, duly-authorized, to sign this
report on its behalf on this 20th day of December, 1994.


                  LSB INDUSTRIES, INC.



                                   By:  /s/ Tony M. Shelby
                                    ----------------------------------
                                    Tony M. Shelby, Sr. Vice President 
                                   (Chief Financial Officer)

                                   
                                   By: /s/ Jimmie D. Jones        
                                      --------------------------------
                                   Jimmie D. Jones, Vice President  
                                   Controller (Chief Accounting Officer) 

 
10q\10q/a-s94.wpr      


 

5 0000060714 LSB INDUSTRIES, INC. 1,000 QTR-3 DEC-31-1994 SEP-30-1994 6,286 0 52,295 2,899 52,900 115,104 127,730 58,520 217,603 53,975 66,714 1,462 153 48,000 47,146 217,603 190,954 194,235 149,131 149,131 35,584 400 5,081 4,039 277 3,762 584 24,200 0 28,546 1.83 1.68