SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 15)*
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 Pages
<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
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
0 shares
NUMBER OF ___________________________________________________________
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED 576,880 shares*
BY EACH ___________________________________________________________
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares
___________________________________________________________
8 SHARED DISPOSITIVE POWER
576,880 shares*
_____________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
576,880 shares
_____________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES**
[ ]
_____________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
29.6%
_____________________________________________________________________________
12 TYPE OF REPORTING PERSON*
IN
_____________________________________________________________________________
Page 2 of 5 Pages
<PAGE>
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:
576,880
(b) Percent of Class:
29.6%
Page 3 of 5 Pages
<PAGE>
(c) Sole Voting Power: 0 shares
Shared Voting Power: 576,880 shares*
Sole Dispositive Power: 0 shares
Shared Dispositive Power: 576,880 shares*
*As of December 31, 1996, 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. Pursuant to
powers of attorney granted by Mr. Seinsheimer to his son, J.
F. Seinsheimer, III, Mr. Seinsheimer and J. Fellman Seinsheimer,
III share voting and dispositive power over the 67,015 shares
(3.4%) of the Company's Common Stock owned of record by Mr.
Seinsheimer. Additionally, as co-trustee of the Irma K.
Seinsheimer Trust (the "Trust"),Mr. Seinsheimer has shared voting
and dispositive power with respect to 471,770 shares (24.2%)
of Common Stock beneficially owned by the Trust. 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 Common Stock,
respectively.
Page 4 of 5 Pages
<PAGE>
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.
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 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
/s/ J. F. Seinsheimer, Jr.
____________________________
J. F. Seinsheimer, Jr.
Page 5 of 5 Pages
