MORRISON KNUDSEN CORP
11-K, 1995-06-30
GENERAL BLDG CONTRACTORS - NONRESIDENTIAL BLDGS
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                                                               OMB APPROVAL
                                                  ------------------------------
                       UNITED STATES                      OMB Number:  3235-0058
             SECURITIES AND EXCHANGE COMMISSION
                   WASHINGTON, D.C. 20549         Estimated average burden
                                                  hours per response. . . . 2.50

                                                  ------------------------------

                        FORM 12b-25                     -------------------
                                                          SEC FILE NUMBER
                 NOTIFICATION OF LATE FILING
                                                        -------------------
                                                        -------------------
(Check One):  / /Form 10-K   / /Form 20-F   /x/Form 11-K    CUSIP NUMBER
/ /Form 10-Q   / /Form N-SAR
                                                        -------------------
     For Period Ended:       December 31, 1994
                       --------------------------------
     [ ]       Transition Report on Form 10-K
     [ ]       Transition Report on Form 20-F
     [ ]       Transition Report on Form 11-K
     [ ]       Transition Report on Form 10-Q
     [ ]       Transition Report on Form N-SAR
     For the Transition Period Ended: ____________________


  READ INSTRUCTION (ON BACK PAGE) BEFORE PREPARING FORM, PLEASE PRINT OR TYPE.
    NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS
                   VERIFIED ANY INFORMATION CONTAINED HEREIN.
- --------------------------------------------------------------------------------


If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:

- --------------------------------------------------------------------------------


PART I - REGISTRANT INFORMATION
                          MORRISON KNUDSEN CORPORATION
- --------------------------------------------------------------------------------
Full Name of Registrant

- --------------------------------------------------------------------------------
Former Name if Applicable
                             MORRISON KNUDSEN PLAZA
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Address of Principal Executive Office (STREET AND NUMBER)
                               BOISE, IDAHO 83729
- --------------------------------------------------------------------------------
City, State and Zip Code

PART II - RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

             (a)    The reasons described in reasonable detail in Part III of
                    this form could not be eliminated without unreasonable
                    effort or expense;
             (b)    The subject annual report, semi-annual report, transition
                    report on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion
                    thereof, will be filed on or before the fifteenth calendar
                    day following the prescribed due date; or the subject
                    quarterly report of transition report on Form 10-Q, or
                    portion thereof will be filed on or before the fifth
                    calendar day following the prescribed due date; and
             (c)    The accountant's statement or other exhibit required by Rule
                    12b-25(c) has been attached if applicable.

PART III - NARRATIVE

State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q, N-
SAR, or the transition report or portion thereof, could not be filed within the
prescribed time period.  (ATTACH EXTRA SHEETS IF NEEDED)

                                  SEE EXHIBIT A

                                                  (Attach Extra Sheet if Needed)
                                                          SEC 1344 (11-91)

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PART IV - OTHER INFORMATION

(1)  Name and telephone number of person to contact in regard to this
     notification

          Mark E. Howland                  208             386-5939
     ----------------------------------------------------------------------
             (Name)                     (Area Code)    (Telephone Number)

(2)  Have all other periodic reports required under Section 13 or 15(d) of
     the Securities Exchange Act of 1934 or Section 30 of the Investment
     Company Act of 1940 during the preceding 12 months (or for such
     shorter) period that the registrant was required to file such reports)
     been filed?  If answer is no, identify report(s).
                                                         / / Yes   /x/ No
          Quarterly Report on Form 10-Q for the Quarter Ended March 31, 1995
     ---------------------------------------------------------------------------

(3)  Is it anticipated that any significant change in results of operations
     from the corresponding period for the last fiscal year will be
     reflected by the earnings statements to be included in the subject
     report or portion thereof?

                                                         / / Yes   /x/ No
     If so, attach an explanation of the anticipated change, both narratively
     and quantitatively, and, if appropriate, state the reasons why a reasonable
     estimate of the results cannot be made.

                                  SEE EXHIBIT A


- --------------------------------------------------------------------------------

                          MORRISON KNUDSEN CORPORATION
          ------------------------------------------------------------
                  (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.


Date    June 30, 1995                      By        /s/ Mark E. Howland
- -------------------------                         ------------------------------
                                                  Mark E. Howland
                                                  Vice President and Controller

INSTRUCTION:  The form may be signed by an executive officer of the registrant
or by any other duly authorized representative.  The name and title of the
person signing the form shall be typed or printed beneath the signature.  If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.


                                    ATTENTION
   INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL
                        VIOLATIONS (SEE 18 U.S.C. 1001).
- --------------------------------------------------------------------------------

                              GENERAL INSTRUCTIONS

1.   This form is required by rule 12b-25 (17 CFR 240.12b-25) of the General
     Rules and Regulations under the Securities Exchange Act of 1934.

2.   One signed original and four conformed copies of this form and amendments
     thereto must be completed and filed wit the Securities and Exchange
     Commission, Washington, D.C. 20549, in accordance with Rule O-3 of the
     General Rules and Regulations under the Act.  The information contained in
     or filed with the form will be made a matter of public record in the
     Commission files.

3.   A manually signed copy of the form and amendments thereto shall be filed
     with each national securities exchange on which any class of securities of
     the registrant is registered.

4.   Amendments to the notifications must also be filed on form 12b-25 but need
     not restate information that has been correctly furnished.  The form shall
     be clearly identified as an amended notification.

5.   Electronic Filers.  This form shall not be used by electronic filers unable
     to timely file a report solely due to electronic difficulties.  Filers
     unable to submit a report within the time period prescribed due to
     difficulties in electronic filing should comply with either Rule 201 or
     Rule 202 of Regulations S-T or apply for an adjustment in filing date
     pursuant to Rule 13(b) of Regulation S-T.

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                                    EXHIBIT A


PART III - NARRATIVE

The registrant, whose fiscal year ended December 31, 1994, cannot file its
annual report on Form 11-K within the prescribed time period because the
registrant has been unable to timely complete its year-end closing and prepare
financial statements.



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