<PAGE> 1
Filed Pursuant to Rule 424(b)(3)
of the Securities Act of 1933, as amended
Registration No. 333-48161
Amendment to
Prospectus Supplement
(To Prospectus dated April 9, 1998)
2,142,857 SHARES
PARKWAY PROPERTIES, INC.
SERIES B CUMULATIVE CONVERTIBLE PREFERRED STOCK
-------------------------
This Amendment to Prospectus Supplement amends the Prospectus
Supplement, originally filed with the Securities and Exchange Commission on
October 10, 2000. The Prospectus Supplement is amended as follows:
1. The introductory paragraph on page S-1 of the Prospectus Supplement is
amended in its entirety to read as follows:
This prospectus supplement relates to our offering and sale of 2,142,857
shares of Series B cumulative convertible preferred stock at up to four
closings over the next nine months. Each share of Series B preferred stock
is convertible into one share of our common stock, subject to adjustment,
and is entitled to one vote for each share of common stock into which it is
convertible. The Series B preferred stock is being sold directly by us.
The date of this Amendment to Prospectus Supplement is October 11, 2000.