COLLINS INDUSTRIES INC
8-K, 1997-05-29
MOTOR VEHICLES & PASSENGER CAR BODIES
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                 THIS CONFORMING PAPER FORMAT DOCUMENT IS BEING
               SUBMITTED PURSUANT TO RULE 901(d) OF REGULATION S-T
                           
                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C.  20549
                           
                           
                                   FORM 8-K
                           
                           
                                CURRENT REPORT
                           
                              
      Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
                            
         Date of Report (Date of earliest event reported):   May 28, 1997

                            COLLINS INDUSTRIES, INC.
           (Exact name of registrant as specified in its charter)
                           
                                    Missouri
                (State or other jurisdiction of incorporation)
                           
                 0-12619                         43-0985160
       Commission  File  Number      (IRS Employer Identification No.)

        421 East 30th Avenue, Hutchinson, Kansas         67502
    (Address of principal executive offices)           (Zip Code)


     Registrant's telephone number, including area code (316) 663-5551

                                    N/A
       (Former name or former address, if changed since last report)
                           
                           
                           

     Item 5.   Other Events.

     Exhibit 1 - (Press Release of May 28, 1997) is hereby incorporated by
                  reference.
                           
     

                      
                                   SIGNATURE
                           
     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 hereunto
     duly authorized.





                                   COLLINS INDUSTRIES, INC.


                                   By:   /s/ Larry W. Sayre
                                         Larry W. Sayre
                                         Vice President - Finance and
                                         Chief Financial Officer
                                         (Principal  Accounting Officer)

     Date:     May 29, 1997
                           
                           



                                  EXHIBIT INDEX
                           
     Exhibit                Description                              Page
                                             
        1            Press release of May 28, 1997                     1
                           





     NEWS RELEASE


     FOR IMMEDIATE RELEASE:           CONTACT: Larry W. Sayre
                                      Vice President - Finance & CFO
                                      Telephone: (316) 663-5551



              COLLINS DECLARES QUARTERLY CASH DIVIDEND

       Hutchinson,  Kansas,  May  28,  1997  ----  COLLINS
       INDUSTRIES, INC. (Nasdaq: "COLL") announced today  that
       the  Board  of  Directors declared a regular  quarterly
       cash  dividend of $.025 per share payable on  June  13,
       1997 to shareholders of record on June 6, 1997.

       The Company indicated that it intends to consider the
       payment  of regular dividends in March, June, September
       and  December of each year.  The Company also said that
       it  intends  to  consider the payment of an  additional
       dividend  in  January of each year equal to twenty-five
       percent (25%) of the net income of the previous  fiscal
       year  (ending  October 31) less the  sum  of  any  cash
       dividends  paid in March, June, September and  December
       of  the  previous  calendar year.   Payment  of  future
       dividends   is   subject  to  results  of   operations,
       limitations  imposed by the Company's  loan  agreements
       and applicable law.

       Collins Industries, Inc. is a leading manufacturer of
       ambulances,  small school buses, commercial  buses  and
       terminal   trucks.   The  Company  sells  its  products
       throughout  the United States and, to a lesser  extent,
       abroad.




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