INVESTMENT ADVISERS INC
SC 13G/A, 1996-05-08
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Securities and Exchange Commission
Washington, D.C.  20549

Schedule 13G

Under the Securities and Exchange Act of 1934
(Amendment No.  1 )*

Wabash National Corporation
(Name of Issue)

COMMON

(Title of Class of Securities)

929566107
(Cusip number)

Check the following box if a fee is being paid with this
statement [   ].  (A fee is not required only if the filing
person:
(1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial
ownership of five percent or less of such class)
(See Rule 13d-7).

*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter the
disclosure provided in a prior cover page.

The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of
Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities in that
section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).


(Continued on the following page(s)


                       Page  1  of   3








Cusip Number:    929566107            13G
Page 2 of 3

1.   Investment Advisers, Inc.
2.   Check the appropriate box if a member of a group:  (a)
[   ]  (b) [ X ]
3.   SEC Use only
4.   Citizenship or place of organization:  Delaware
5.   Sole voting power:  2000
6.   Shared voting power: 0
7.   Sole Dispositive power: 2000
8.   Shared dispositive power: 0
9.   Aggregate amount beneficially owned by each reporting
person:  2000
10.  Percent of class represented by amount in Row 9: .01%
11.  Type of Person Reporting*:  IA

Item 1.   (a)  Name of Issuer:  Wabash National Corporation
     (b)  Address of Issuer's Principal Executive Offices:
          P.O. Box 6129
          Lafayette,  IN  47903

Item 2.   (a)  Investment Advisors, Inc.
     (b)  3700 First Bank Place, Box 357
 Minneapolis, MN  55440
     (c)  Delaware
     (d)  Title of Class of Securities:  Common
     (e)  Cusip Number:  929566107

Item 3    (e)  Investment Advisor registered under Section
203 of the Investment Advisors Act of 1940.

Item 4.   (a)  Amount beneficially owned: 2000
     (b)  Percent of Class: .01%
     (c)  Number of shares as to which such person has:

     (I)  Sole power to vote:  2000

     (ii) Shared power to vote:  0

     (iii)     Sole power to dispose or direct disposition
     of:   2000

     (iv) Shared power to dispose or direct disposition of:
          0

Item 5.        If this statement is being filed to report
the fact that as of  the date hereof the reporting
person has ceased to be the beneficial owner of
more than five percent of the class of
 securities, check the following:  [   X ]


Page 3 of 3

Item 6.        The shares referred to in this filing are
held by various custodian banks for various clients
of Investment Advisors, Inc.  None of the individual
clients or custodian banks holds more than 5% or
more of the shares.

Item 7.        Not applicable.

Item 8.        Not applicable.

Item 9.        Not applicable.

Item 10.       Certification

By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired
in
the ordinary course of business and were not acquired for
the purpose of and do not have the effect of changing
or influencing the control of the issuer of such securities
and were not acquired in connection with or as a
participant in any transaction having such purposes or
effect.

After reasonable inquiry and to the best of my knowledge and
belief, I certify that the infraction set forth in this
statement
is true, complete and correct.

Date:  5/7/96


/s/  Kelly Thomas Coughlin

Kelly Thomas Coughlin
Vice President
Director of Compliance




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