ICO INC
10-Q/A, 1995-05-15
OIL & GAS FIELD SERVICES, NEC
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  <PAGE>
                           UNITED STATES
                 SECURITIES AND EXCHANGE COMMISSION

                       Washington, D.C. 20549

                            FORM 10-Q/A


        (X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
               OF THE SECURITIES EXCHANGE ACT OF 1934

           For the Quarterly Period Ended March 31, 1995

                                 OR

       ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
               OF THE SECURITIES EXCHANGE ACT OF 1934

      For the transition period from __________ to _________ 


                   Commission File Number 0-10068


                             ICO, Inc.
       ______________________________________________________
       (Exact name of registrant as specified in its charter)


         Texas                                  75-1619554      
  ________________________                _______________________
  (State of incorporation)                (IRS Employer
                                           Identification Number)

  100 Glenborough Drive, Suite 250, Houston, Texas     77067
  ________________________________________________  _____________
  (Address of principal executive offices)           (Zip Code)

                           (713) 872-4994
                         __________________
                         (Telephone Number)

  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 for 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.

                         YES   X      NO   
                             _____       _____

         Common stock, without par value: 8,701,240 shares
                   outstanding as of May 1, 1995


  <PAGE>

                             ICO, INC.

  Part II. Other Information

       Item 6.   Exhibits and Reports on Form 8-K

                 (i)  Financial Data Schedule




  <PAGE>

                              SIGNATURES


  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.





                                       ICO, Inc.
                                       _________________________
                                       (Registrant)        







  May 15, 1995                         Asher O. Pacholder 
                                       _________________________
                                       Asher O. Pacholder
                                       Chairman and Chief
                                        Financial Officer




                                       Vicki J. Baum
                                       _________________________
                                       Vicki J. Baum, Vice 
                                       President & Chief
                                        Accounting Officer


  <PAGE>
                             ICO, INC.
                           EXHIBIT INDEX



  Exhibit Number                       Description of Exhibit
  ______________                       ______________________

       27                              Financial Data Schedule



<TABLE> <S> <C>

<ARTICLE> 5
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-END>                               MAR-31-1995
<CASH>                                      25,865,000
<SECURITIES>                                         0
<RECEIVABLES>                               15,929,000
<ALLOWANCES>                                   531,000
<INVENTORY>                                  4,766,000
<CURRENT-ASSETS>                            48,882,000
<PP&E>                                      81,290,000
<DEPRECIATION>                              51,202,000
<TOTAL-ASSETS>                              83,897,000
<CURRENT-LIABILITIES>                       12,151,000
<BONDS>                                              0
<COMMON>                                    33,848,000
                                0
                                     13,000
<OTHER-SE>                                  36,959,000
<TOTAL-LIABILITY-AND-EQUITY>                83,897,000
<SALES>                                      7,677,000
<TOTAL-REVENUES>                            41,091,000
<CGS>                                       38,532,000
<TOTAL-COSTS>                               38,532,000
<OTHER-EXPENSES>                            10,748,000
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           (614,000)
<INCOME-PRETAX>                              2,557,000
<INCOME-TAX>                                   178,000
<INCOME-CONTINUING>                          2,379,000
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 2,379,000
<EPS-PRIMARY>                                      .15
<EPS-DILUTED>                                      .15
        

</TABLE>


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