FBL FINANCIAL GROUP INC
SC 13G/A, 2000-02-10
LIFE INSURANCE
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               SECURITIES AND EXCHANGE COMMISSION
                    Washington, D.C.  20549

                          SCHEDULE 13G

           Under the Securities Exchange Act of 1934
                 (Amendment No.  2  )*


              FBL Financial Group, Inc.
                        (Name of Issuer)


                   Class A Common Stock

                 (Title of Class of Securities)


                       30239F106
                         (CUSIP Number)


     Check the following box if a fee is being paid with this
statement /   /.  (A fee is not required only if the filing
person:  (1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of securities
described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less
of such class.)  (See Rule 13d-7.)

     *The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior page.

     The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise subject
to the liabilities of that section of the Act but shall be subject
to all other provisions of the Act (however, see the Notes).

                (Continued on following page(s))

                     Page 1 of   5   Pages










CUSIP No.  30239F106    13G             Page   2   of   5   Pages


Iowa Farm Bureau Federation      42-0331840
(1) Names of Reporting Persons.  S.S. or I.R.S. Identification
Nos. Of Above Persons

/   / (a)      /   / (b)
(2) Check the Appropriate Box if a Member of a Group*


(3) SEC Use Only

Iowa
(4) Citizenship or Place of Organization


Number of Shares Beneficially Owned by Each Reporting Person With

17,115,586
(5) Sole Voting Power


(6) Shared Voting Power

17,115,586
(7) Sole Dispositive Power


(8) Shared Dispositive Power


17,115,586
(9) Aggregate Amount Beneficially Owned by Each Reporting Person


(10) Check Box if The Aggregate Amount in Row (9) Excludes
Certain Shares*

56.47%
(11) Percent of Class Represented by Amount in Row (9)


(12) Type of Reporting Person*


           *SEE INSTRUCTION SHEET BEFORE FILLING OUT!








                                  Page   3   of   5  Pages

                          SCHEDULE 13G

Item 1(a)  Name of Issuer:         FBL Financial Group, Inc.

Item 1(b)  Address of Issuer's Principal Executive Office:

                         5400 University Avenue
                         West Des Moines, IA 50266

Item 2(a)   Name of Person Filing: Iowa Farm Bureau Federation

Item 2(b)  Address of Principal Business Office:

                         5400 University Avenue
                         West Des Moines, IA 50266

Item 2(c)  Citizenship:       Iowa

Item 2(d)  Title of Class of Securities:

                         Class A Common Stock

Item 2(e)  CUSIP Number:      30239F106

Item 3  If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:

     (a) [ ] Broker or Dealer registered under Section 15 of the
Act
     (b) [ ] Bank as defined in section 3(a)(6) of the Act
     (c) [ ] Insurance Company as defined in section 3(a)(19) of
the Act
     (d) [ ] Investment Company registered under section 8 of the
Investment Company Act
     (e) [ ] Investment Adviser registered under section 203 of
the
Investment Advisers Act of 1940
     (f) [ ] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income Security Act
of
1974 or Endowment Fund; see section 240.13d-1(b)(1)(ii)(F)
     (g) [ ] Parent Holding Company, in accordance with section
240.13d-1(b)(ii)(G) (Note: See Item 7)
     (h) [ ] Group, in accordance with section
240.13d-1(b)(1)(ii)(H)

Item 4  Ownership

     If the percent of the class owned, as of December 31 of the
year covered by the statement, or as of the last day of any month
described in Rule 13d-1 (b)(2), if applicable, exceeds five
percent, provide the following information as of that date and
identify those shares which there is a right to acquire

                                        Page   4   of   5   Pages


     (a) Amount beneficially owned:  17,115,586 shares of common stock

     (b) Percent of class:  56.47%

     (c) Number of shares as to which such person has:
          (i) sole power to vote or to direct the vote 17,115,586

          (ii) shared power to vote or to direct the vote -0-
          (iii) sole power to dispose or to direct the disposition
of 17,115,586
          (iv) shared power to dispose or to direct the disposition
of -0-

Item 5  Ownership of Five Percent of Less of a Class
	If this statement is being filed to report the fact that as of the
Date hereof the reporting person has ceased to be the beneficial owner of
More than five percent of the class of securities, check the following [ ]

Item 6  Ownership of More than Five Percent on Behalf of Another
Person      All of the shares reported herein are owned by Iowa
Farm Bureau Federation, which has the right to receive or the power to
direct the receipt of dividends from, or the proceeds from a sale of,
such securities.

Item 7  Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company             N/A

Item 8  Identification and Classification of Members of the Group
   N/A

Item 9  Notice of Dissolution of Group                 N/A

Item 10  Certification.

     By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having
such purposes or affect.


                                        Page   5   of   5   Pages

Signature.

     After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement it true, complete and correct.

February 10, 2000
Date

IOWA FARM BUREAU FEDERATION


By:   /s/ James G. Christenson
James G. Christenson, Finance Director & Controller
Name/Title



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