SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 14)*
American Indemnity Financial Corporation
(Name of Issuer)
Common Stock, $3.33 1/3 par value
(Title of Class of Securities)
026759-10-0
(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 disclosures 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 of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 6 Pages
<PAGE>
CUSIP NO. 026759-10-0 13 G Page 2 of 6 Pages
_____________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
J. F. Seinsheimer, Jr.
S.S. No. ###-##-####
____________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
____________________________________________________________________________
3 SEC USE ONLY
____________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
____________________________________________________________________________
5 SOLE VOTING POWER
545,459 shares
NUMBER OF ___________________________________________________________
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED 38,095 shares*
BY EACH ___________________________________________________________
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 545,459 shares
___________________________________________________________
8 SHARED DISPOSITIVE POWER
38,095 shares*
_____________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
583,554 shares
_____________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES**
[ ]
_____________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
29.97%
_____________________________________________________________________________
12 TYPE OF REPORTING PERSON*
IN
_____________________________________________________________________________
* J. F. Seinsheimer, Jr. shares voting and dispositive power with
J. Fellman Seinsheimer, III pursuant to a trust arrangement.
** See instructions before filling out.
<PAGE>
Pursuant to Rule 13d-2(c), this Amendment No. 14
restates the entire text of the Schedule 13G and all previous
amendments hereto.
Item 1(a) Name of Issuer:
American Indemnity Financial Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
One American Indemnity Plaza
Galveston, Texas 77550
Item 2(a) Name of Person Filing:
J. Fellman Seinsheimer, Jr.
Item 2(b) Address of Principal Business Office or, if none,
Residence:
4809 Woodrow
Galveston, Texas 77551
Item 2(c) Citizenship:
U.S.A.
Item 2(d) Title of Class of Securities:
Common Stock, $3.33 1/3 par value (the "Common Stock")
Item 2(e) CUSIP Number:
026759-10-0
Item 3 If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b), check whether the person filing is a:
Not applicable.
Item 4 Ownership:
(a) Amount Beneficially Owned:
583,554
(b) Percent of Class:
29.97%
Page 3 of 6 Pages
<PAGE>
(c) As of December 31, 1995, Mr. Seinsheimer owned
of record and had the sole power to vote and
dispose of 66,015 shares (3.4%) of the Company's
Common Stock. In addition, through a family
trust (the "Trust") and two corporations
controlled by the Trust, Mr. Seinsheimer has the
power to vote and dispose of 479,444 shares
(24.6%) of Common Stock. The two corporations
controlled by the Trust, namely American Finance
Company of Galveston and United States Securities
Corporation, owned of record 289,764 shares
(14.9%) and 174,331 shares (9.0%) of the Company's
Common Stock, respectively. Although Mr.
Seinsheimer and Edna S. Levin, Mr. Seinsheimer's
sister, are co-trustees of the Trust and as such
have shared voting and dispositive power with
respect to the shares controlled by the Trust, in
practice, Mr. Seinsheimer has exercised sole
voting and dispositive control over such shares
for over 15 years. The income from the Trust is
divided equally between Mr. Seinsheimer and Edna
S. Levin, and upon their deaths, the remainder
will be divided among the children of both. Mrs.
Levin and her husband, William C. Levin, M.D. (a
director of the Company), and other members of
Mrs. Levin's family owned as of December 31, 1995,
81,626 shares (4.2%) of Common Stock as to which
Mr. Seinsheimer disclaims any beneficial ownership
or interest.
As of December 31, 1995, Mr. Seinsheimer
shared voting and dispositive power over 38,095
shares (2.0%) of the Company's Common Stock with
his son, J. Fellman Seinsheimer,III, as co-trustees
of the Jessie Lee Seinsheimer Trust.
Effective as of February 5, 1996, pursuant to
powers of attorney granted by Mr. Seinsheimer to
his son, J. F. Seinsheimer, III, Mr. Seinsheimer
and J. Fellman Seinsheimer, III will share voting
and dispositive power over the 66,015 shares (3.4%)
of the Company's Common Stock owned of record by
Mr. Seinsheimer.
Item 5 Ownership of Five Percent or Less of a Class:
Not applicable.
Item 6 Ownership of More than Five Percent on Behalf of
Another Person:
Not applicable.
Item 7 Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company:
Not applicable.
Page 4 of 6 Pages
<PAGE>
Item 8 Identification and Classification of Members of the
Group:
Not applicable.
Item 9 Notice of Dissolution of Group:
Not applicable.
Item 10 Certification:
Not applicable.
Page 5 of 6 Pages
<PAGE>
Signature
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this
statement is true, complete and correct.
February 14, 1996
__________________
Date
/s/ J. F. Seinsheimer, Jr.
____________________________
J. F. Seinsheimer, Jr.
Page 6 of 6 Pages
