SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C. 20549
                                    
                                    
                                FORM 10-Q/A
                                    
                                    
               QUARTERLY REPORT UNDER SECTION 13 OR 15 (D)
                 OF THE SECURITIES EXCHANGE ACT OF 1934
     
     
     
     For Quarter Ended March 31, 1998          Commission File No. 1-8719
                                    
                                    
                                    
                         THE TURNER CORPORATION
     
         (Exact name of registrant as specified in its charter)
     
     
     
               DELAWARE                            13-3209884
     
     (State or other jurisdiction of    (I.R.S.Employer Identification No.)
     incorporation or organization)
     
     
     
      375 Hudson Street, New York, New York        10014
     
     (Address of principal executive offices)     (Zip Code)
     
     
     
     Registrant's telephone number, including area code:       (212)229-6000
     
     
     
     
     Indicate  by  check mark whether the registrant (1) has  filed  all
     reports  required  to  be  filed by Section  13  or  15(d)  of  the
     Securities Exchange Act of 1934 during the preceding 12 months  (or
     for  such shorter period that the registrant was required  to  file
     such reports), and (2) has been subject to such filing requirements
     for the past 90 days.
     
     Yes [X]    No [   ]
     
     
     
     Indicate the number of shares outstanding of each of the issuer's
     classes of common stock, as of May 6, 1998:  5,379,506
     


<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
The schedule contains certain summary financial information extracted from the
Company's financial statements and notes thereto and is qualified in its
entirety by reference to such financial statements.  The Company files an
unclassified balance sheet, certain line items are not applicable.  All values
except share amounts are in thousands.
</LEGEND>
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                         162,961
<SECURITIES>                                    18,977
<RECEIVABLES>                                  680,197
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                          64,770
<DEPRECIATION>                                  41,563
<TOTAL-ASSETS>                               1,006,381
<CURRENT-LIABILITIES>                                0
<BONDS>                                         21,683
                                0
                                        858
<COMMON>                                         5,514
<OTHER-SE>                                      70,975
<TOTAL-LIABILITY-AND-EQUITY>                 1,006,381
<SALES>                                              0
<TOTAL-REVENUES>                               814,893
<CGS>                                                0
<TOTAL-COSTS>                                  793,496
<OTHER-EXPENSES>                                16,254
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 218
<INCOME-PRETAX>                                  6,499
<INCOME-TAX>                                     2,925
<INCOME-CONTINUING>                              3,574
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     3,574
<EPS-PRIMARY>                                     0.56
<EPS-DILUTED>                                     0.40
        

</TABLE>



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