AMERUS LIFE HOLDINGS INC
4, 1998-09-22
LIFE INSURANCE
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FORM 4

/ /  Check this box if no longer subject to Section 16.  Form 4 or Form 5
obligations may continue.  See instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION 
WASHINGTON, D.C.  20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section
17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the
Investment Company Act of 1940.

1.   Name and Address of Reporting Person*

     Heitz, Mark V.
     AmVestors Financial Corporation
     One AmVestors Place
     555 S. Kansas Avenue
     Topeka, KS 66601-2039
     USA

2.   Issuer Name and Ticker or Trading Symbol

     AmerUs Life Holdings, Inc. (AMH)

3.   IRS or Social Security Number of Reporting Person (voluntary)

4.   Statement for Month/Year

     9/1998

5.   If Amendment, Date of Original (Month/Year)

6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
     / / Director                       / / 10% Owner
     /X/ Officer (give title below)     / / Other (specify below)

          President & CEO - AmVestors Financial Corporation
          -------------------------------------------------

7.   Individual or Joint/Group Filing (Check Applicable Line)

     /X/ Form filed by One Reporting Person
     / / Form filed by More than One Reporting Person
<TABLE>

Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

<CAPTION>

1.  Title of Security 2.  Trans- 3.  Trans- 4. Securities         5. Amount 6.  Ownership 7.  Nature of   
   (Instr. 3)             action     action    Acquired(A)          of Sec-    Form          Indirect
                          Date       Code      or Disposed          urities    Direct (D)    Beneficial
                         (Month/    (Instr.    of (D)               Benefici-  or Indirect   Ownership
                          Day/Year)  8)       (Instr. 3, 4,         ally      (I)            (Instr. 4)
                                               and 5)               Owned at  (Instr. 4)
                                                                    End of      
                                                                    Month
                                                                   (Instr.
                                                                    3 and 4)

                                 ----  ---    ------ ------- ------
                                 Code    V    Amount (A) or  Price
                                                     (D)
   -------------------   ------  ----  ---    ------ ------- ------  -------   -----------   -----------
<S>                  <C>         <C>   <C>    <C>     <C>    <C>     <C>       <C>           <C>
Class A Common Stock    9/8/1998    P   V    100.00    A      25.50  41,407.00      D
Class A Common Stock                                                  7,601.44(1)   I         ESOP Trust (2)  

</TABLE>

Reminder: Report on a separate line for each class of securities beneficially 
owned directly or indirectly.

*If the form is filed by more than one reporting person, see 
Instruction 4(b)(v).
<PAGE>
<TABLE>
Form 4 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

<CAPTION>

1. Title of            2. Conversion   3. Transaction 4. Transaction 5. Number of  6. Date
   Derivative             or Exercise     Date           Code           Derivative    Exercisable
   Security               Price of       (Month/        (Instr. 8)      Securities    and
  (Instr. 3)              Derivative      Day/Year)                     Acquired (A)  Expiration
                          Security                                      or Disposed   Date
                                                                        of (D)       (Month/
                                                                       (Instr. 3, 4,  Day/Year)
                                                                        and 5)

                                                        ----   ----     -----   ----  ------   -----
                                                        Code     V      (A)       (D)  Date    Expir-
                                                                                       Exer-   ation
                                                                                       cisable Date
  -------------------     ------------   ------------   ----   ----     -----   ----  ------   -----
<S>                      <C>            <C>               <C>      <C>   <C>      <C> <C>       <C>

</TABLE>
<PAGE>
<TABLE>

Table II (continued)

1. Title of    7. Title and Amount  8. Price of    9. Number of  10. Ownership  11. Nature of
   Derivative     Underlying           Derivative     Derivative     Form of        Indirect
   Security       Securities           Security       Securities     Derivative     Beneficial
  (Instr. 3)     (Instr. 3 and 4)     (Instr. 5)      Beneficially   Security:      Ownership
                                                      Owned at End   Direct (D)    (Instr. 4)
                                                      of Month       or Indirect
                                                     (Instr. 4)     (I)
                                                                    (Instr. 4)
               ------    ----------
               Title     Amount or
                         Number of
                         Shares
  ------------ ------    ----------   ------------    ------------   ------------  ------------
<S>            <C>       <C>            <C>            <C>            <C>            <C>

</TABLE>
<PAGE>
Explanation of Responses:

1.   Mr. Heitz's 12/31/97 Form 5 filing reported 7,600.51 shares held indirectly
     through the ESOP Trust at 12/31/97.  However, at the time the Form 5 was
     filed, the last available statement of account did not show the final
     amount held in the ESOP Trust as of 12/31/97.  Subsequent to March 1, 1998,
     final accounting entries were made and a revised year-end 1997 statement
     was issued showing actual total shares held indirectly by Mr. Heitz through
     the ESOP Trust were 7,601.439 shares.

2.   Employee Stock Ownership Plan Trust


**   Intentional misstatements or omissions of facts constitute Federal Criminal
     Violations.
     See 18 U.S.C. 1001 and 15 U.S.C.  78ff(a).
Note:  File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.





/s/ Mark V. Heitz                                  September 17, 1998
- ---------------------------------------------     --------------------
**Signature of Reporting Person                           Date





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