GREAT AMERICAN MANAGEMENT & INVESTMENT INC
10-C, 1995-09-01
FABRICATED STRUCTURAL METAL PRODUCTS
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                        
                                        
                                        
                                    FORM 10-C
                                        
                                        
                                        
                 REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                          INTERDEALER QUOTATION SYSTEM
                  FILED PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
                                        
                                        
                                        
                 GREAT AMERICAN MANAGEMENT AND INVESTMENT, INC.
                 (Exact Name of Issuer as Specified in Charter)
                                        
                                        
                                        
                            Two North Riverside Plaza
                             Chicago, Illinois 60606
                    (Address of Principal Executive Offices)
                                        
                                        
                                 (312) 648-5656
              (Registrant's telephone number, including area code)
                                        
                                        
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                   I.  CHANGE IN NUMBER OF SHARES OUTSTANDING


Indicate any change (increase or decrease) of five percent or more in the
number of shares outstanding:

1. Title of security:   Common Stock, $.01 par value
2. Number of shares outstanding before the change:   11,194,587
3. Number of shares outstanding after the change:   9,194,587
4. Effective date of change:   8-25-95
5. Method of change:   Acquisition of stock for treasury

Give brief description of transaction:  Purchase of 2.0 million shares of the
Issuer's common stock in exchange for 1.76 million shares of The Vigoro
Corporation owned by the Issuer.


                          II.  CHANGE IN NAME OF ISSUER
                                        


1. Name prior to change:   Not applicable
2. Name after change:   Not applicable
3. Effective date of charge amendment changing name:   Not applicable
4. Date of shareholder approval of change, if required:   Not applicable





Date:  August 31, 1995                   /s/ Sam A. Cottone
                                         -------------------------

                                         Sam A. Cottone
                                         Senior Vice President and
                                         Chief Financial Officer                



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