FBL FINANCIAL GROUP INC
10-K/A, 1998-04-06
LIFE INSURANCE
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

FORM 10-K/A No. 1


(Mark One)
                        
[X]	ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

For the fiscal year ended December 31, 1997 

or

[  ]	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE 
SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

For the transition period from              to            
Commission File Number:  1-11917 

FBL Financial Group, Inc.
(Exact name of registrant as specified in its charter)

Iowa
(State or other jurisdiction of incorporation or organization)
42-1411715
(I.R.S. Employer Identification No.)

5400 University Avenue, West Des Moines, Iowa
(Address of principal executive offices)
50266
(Zip Code)

Registrant's telephone number, including area code (515) 225-5400

Securities registered pursuant to Section 12(b) of the Act:

Title of each class 	Name of each exchange on which registered

Class A Common Stock, Without 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 (or 
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. /X/ Yes  / / No

Indicate by check mark if disclosure of delinquent filers pursuant 
to Item 405 of Regulation S-K (para. 229.405 of this chapter) is not 
contained herein, and will not be contained, to the best of 
registrant's knowledge, in definitive proxy or information 
statements incorporated by reference in Part III of this Form 10-K 
or any amendment of this Form 10-K.
/X/ Yes  / / No

Aggregate market value of Class A Common Stock held by non-
affiliates of the registrant (computed as of March 4, 1998): 
$325,241,437.

Indicate the number of shares outstanding of each of the 
registrant's classes of common stock, as of the latest practicable 
date: 16,806,193 shares of Class A Common Stock and 1,192,990 shares 
of Class B Common Stock as of March 4, 1998.

DOCUMENTS INCORPORATED BY REFERENCE: Portions of the Registrant's 
definitive proxy statement for the annual meeting of shareholders 
to be held May 19, 1998 are incorporated by reference into Part 
III of this Form 10-K.


This report is an amendment to FBL Financial Group, Inc.'s (the 
Company) annual report on Form 10-K for the year ended December 
31, 1997.  The report is being amended for the addition of Exhibit 
27.1 which includes restated financial data schedules for the year 
ended December 31, 1996, three month period ended March 31, 1997, 
six month period ended June 30, 1997 and nine month period ended 
September 30, 1997.  The earnings per share amounts in these 
schedules have been restated in connection with the Company's 
adoption of Financial Accounting Standard No. 128, "Earning per 
Share".  Item 14 has been amended for the addition of Exhibit 27.1 
"Restated Financial Data Schedules".

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:

								FBL Financial Group, Inc.


								By:/s/ James W. Noyce
								James W. Noyce
								Chief Financial Officer


ITEM 14.	EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND 
REPORTS ON FORM 8-K.

(a)	1.	Financial Statements.  See index to Financial Statements 
on page 37 for a list of financial statements included in this 
Report.

2. Financial Statement Schedules.  The following financial 
statement schedules are included as part of this Report 
immediately following the signature page:

Schedule I -- Summary of Investments

Schedule II -- Condensed Financial Information of 
Registrant (Parent Company)

Schedule III -- Supplementary Insurance Information

Schedule IV -- Reinsurance

All other schedules are omitted, either because they are not 
applicable, not required, or because the information they contain 
is included elsewhere in the consolidated financial statements or 
notes.

3. Exhibits. 

21	Subsidiaries of FBL Financial Group, Inc.
23	Consent of Independent Auditors
27 Financial Data Schedule
27.1  Restated Financial Data Schedules

(b)	Reports on Form 8-K. 

A report on Form 8-K dated December 8, 1997, was filed with 
the Commission to report under Item 5, the announced 
formation of an alliance with American Equity Investment 
Life Holding Company.

A report on Form 8-K dated December 18, 1997, was filed with 
the Commission to report under Item 5, the announced formation 
of an alliance with Berthel Fisher & Company.





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