SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
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)
*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 5
<PAGE>
CUSIP NO. 026759-10-0 13 G Page 2 of 5 Pages
________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Irma K. Seinsheimer Trust
________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
_______________________________________________________________
3 SEC USE ONLY
_______________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
_______________________________________________________________
5 SOLE VOTING POWER
NUMBER OF
7,675 shares
SHARES ___________________________________________
6 SHARED VOTING POWER
BENEFICIALLY
464,095 shares
OWNED ___________________________________________
7 SOLE DISPOSITIVE POWER
BY EACH
7,675 shares
REPORTING ___________________________________________
8 SHARED DISPOSITIVE POWER
PERSON
464,095 shares
WITH
_______________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
471,770 shares
_______________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
[ ]
_______________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
24.2%
_______________________________________________________________
12 TYPE OF REPORTING PERSON
OO
_______________________________________________________________
Page 2 of 5 Pages
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Item 1(a) Name of Issuer:
American Indemnity Financial Corporation ("AIFC")
Item 1(b) Address of Issuer's Principal Executive Offices:
One American Indemnity Plaza
Galveston, Texas 77550
Item 2(a) Name of Person Filing:
Irma K. Seinsheimer Trust
Item 2(b) Address of Principal Business Office or, if none,
Residence:
2201 Market Street
Galveston, Texas 77550
Item 2(c) Citizenship:
Texas
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:
471,770
(b) Percent of Class:
24.2%
(c) Sole Voting Power: 7,675 shares
Shared Voting Power: 464,095 shares
Sole Dispositive Power: 7,675 shares
Shared Dispositive Power: 464,095 shares
Page 3 of 5 Pages
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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:
The Irma K. Seinsheimer Trust (the "Trust") is a
testamentary trust that beneficially owns 471,770 shares of
Common Stock of AIFC. These shares of Common Stock are held by
the Trust for the benefit of J. F. Seinsheimer, Jr. and his
children. The income from the Trust is distributed to Mr.
Seinsheimer, and upon his death, the remainder will be divided
among his children. Of the 471,770 shares of Common Stock
beneficially owned by the Trust, 7,675 shares are owned of record
and 464,095 shares are owned by two corporations controlled by
the Trust, namely American Finance Company of Galveston and
United States Securities Corporation, that owned of record
289,764 shares and 174,331 shares of the Company's Common Stock,
respectively.
Mr. Seinsheimer and William C. Levin, M.D. (a director
of AIFC) are co-trustees of the Trust and as such have shared
voting and dispositive power with respect to the shares of Common
Stock beneficially owned by the Trust. However, Dr. Levin
exercises no voting or dispositive power over, has no pecuniary
interest in and disclaims any beneficial ownership or interest in
the shares of Common Stock beneficially owned by the Trust.
Item 7 Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company:
Not applicable.
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 4 of 5 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, 1997
_________________
Date
IRMA K. SEINSHEIMER TRUST
By: J. F. Seinsheimer, Jr.
______________________
J. F. Seinsheimer, Jr.
Co-Trustee
Page 5 of 5 Pages
