UNICO INC /NM/
8-K, 1998-08-27
PETROLEUM BULK STATIONS & TERMINALS
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                   SECURITIES AND EXCHANGE COMMISSION
                                    
                         WASHINGTON, D.C. 20549
                                    
                         ----------------------
                                    
                                FORM 8-K
                                    
                             CURRENT REPORT
                                    
                 PURSUANT TO SECTION 13 OR 15(d) OF THE
                     SECURITIES EXCHANGE ACT OF 1934
                                    
  Date of Report (Date of the earliest event reported): August 24, 1998
                                    
                     Commission File Number 0-14973
                                    
                               UNICO, INC.
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           (Exact name of registrant as specified in charter)
                                    
             New Mexico                                  85-0270072
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   (State or other jurisdiction of                      IRS Employer  
    incorporation or organization)                   Identification No.
                                    
                                    
  2925 Bayview Drive, Fremont, California                    94538     
  --------------------------------------------------------------------
  (Address of Principal Executive Offices)                 (Zip Code)  
                                    
  Registrant's telephone number, including area code:     510/770-3990
                                    
                                    
                                   N/A     
  ---------------------------------------------------------------------
     (Former Name or Former Address, if Changed Since Last Report.)
                                    
                                    


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ITEM 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.

On August 24, 1998, the Registrant's Board of Directors voted to engage
Weinbaum & Yalamanchi to act as the Registrant's independent certified public
accountants.  In view of the stock transaction dated June 30, 1998 which in
effect represented a change in control of the Registrant, its management
determined it best to conform its accountants to its own accountants with whom
it has an ongoing relationship.  As a result, the Registrant dismissed and
replaced Atkinson & Co. Ltd., the former independent certified public
accountant.

The former accountant's reports for the Registrant's last two fiscal years did
not contain any adverse opinion, nor disclaimer of opinion, nor were any such
reports modified as to uncertainty, audit scope or accounting principles. 
There have been no disagreements between the Registrant and the former
accountants with regard to any matters which would have caused such
accountants to make reference to the subject matter thereof with their report.

<PAGE>
ITEM 7.  EXHIBITS

Exhibit 16:  Letter from Atkinson & Co. Ltd. dated August 26, 1998, pursuant
to Item 601 of Regulation S-K.


[LETTERHEAD: ATKINSON & CO. LTD. CERTIFIED PUBLIC ACCOUNTANTS - CONSULTANTS]


August 26, 1998

Securities and Exchange Commission
Washington, D.C.


RE:  Unico, Inc.
     File Number 0-14973


Dear Sir or Madam:


We have read Item 4 of the Form 8-K of Unico, Inc. dated August 26, 1998 and
agree with the statements contained therein.


/s/ Atkinson & Co., Ltd.
Atkinson & Co., Ltd.




                               SIGNATURES
                                    

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                  
DATE:     August 27, 1998                         UNICO, INC.

                                        BY:     /s/ Fynna Bernardez

                                        NAME:   FYNNA BERNARDEZ
                                        TITLE:  Secretary



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