RAILWORKS CORP
3, 1998-07-23
ARRANGEMENT OF TRANSPORTATION OF FREIGHT & CARGO
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 FORM 3                                                                                                         OMB APPROVAL
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                                                                                                        OMB Number         3235-0104
                                                                                                    
                                                                                                        Expires:  September 30, 1998
                                                                                                    
                                                                                                        Estimated average burden
                                                                                                        hours per response...... 0.5
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                    U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 20549

            INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

    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


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<S>                                        <C>                           <C>                                 <C>                 
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 1. Name and Address of Reporting Person*  2. Date of Event Requiring    4. Issuer Name and Ticker or        6. If Amendment, Date 
    Kropp, Harold C. Jr.                      Statement                     Trading Symbol                      of Original
- ----------------------------------------      (Month/Day/Year)              RailWorks Corporation RWKS          (Month/Day/Year)
     (Last)     (First)     (Middle)               7/23/98               ----------------------------------
    c/o Comstock Holdings, Inc.            ----------------------------  5. Relationship of Reporting        -----------------------
    One North Lexington Ave                3. IRS Identification            Person to Issuer                 7. Individual or Joint/
- ----------------------------------------      Number of Reporting           (Check all applicable)              Group Filing (Check
             (Street)                         Person, if an Entity             Director          10% Owner      applicable line)
    White Plains, New York  10601             (Voluntary)                -----            -----                    Form filed by
- ----------------------------------------   ----------------------------    X   Officer           Other       ----  One Reporting
      (City)      (State)      (Zip)                                     ----- (give      -----  (specify          Person
                                                                               title below)      below)            Form filed by
                                                                         Vice President and Chief Accounting ----  More than One
                                                                         Officer                                   Reporting Person 
                                                                         ----------------------------------         
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                                      TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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 1. Title of Security                         2. Amount of Securities         3. Ownership Form:         4. Nature of Indirect     
    (Instr. 4)                                   Beneficially Owned              Direct (D) or              Beneficial    
                                                 (Instr. 4)                      Indirect (I)               Ownership (Instr. 4)
                                                                                 (Instr. 5)                 
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Common Stock                                     150,735                         D
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*If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.                   (Over)
                                                   (Print or Type Responses)                  
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FORM 3 (CONTINUED)               TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
                            (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
 
<S>                              <C>                <C>                            <C>           <C>         <C>        
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1. Title of Derivative Security  2. Date            3. Title and Amount of         4. Conver-    5. Owner-   6. Nature of Indirect
   (Instr. 4)                       Exercisable and    Securities Underlying          sion or       ship        Beneficial Ownership
                                    Expiration Date    Derivative Security            Exercise      Form of     (Instr. 5)          
                                    (Month/Day/        (Instr. 4)                     Price of      Deriv-                         
                                    Year)                                             Deri-         ative                          
                                                                                      vative        Security:                      
                                                                                      Security      Direct                         
                                 -------------------------------------------------                  (D) or                         
                                 Date      Expira-                       Amount or                  Indirect                      
                                 Exercis-  tion             Title        Number                     (I)                   
                                 able      Date                          of Shares                  (Instr.                     
                                                                                                    5)                             
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Explanation of Responses:
                                                                                 /s/ Harold C. Kropp, Jr.               7/23/98 
**Intentional misstatements or omissions of facts constitute Federal Criminal   -------------------------------   ------------------
  Violations.  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).                        **Signature of Reporting Person          Date
                                                                                     Harold C. Kropp, Jr.
Note. File three copies of this form, one of which must be manually signed.                                                Page 2
  If space provided is insufficient, See Instruction 6 for procedure.                                                      
                                                                                                                                 
                                                     (Print or Type Responses)
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