GAINSCO INC
SC 13D/A, 1998-08-06
FIRE, MARINE & CASUALTY INSURANCE
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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
                                      
                                      
                                 SCHEDULE 13D
                  Under The Securities Exchange Act Of 1934
                               (Amendment No. 1)*
                                      

                                 GAINSCO, INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)


                          COMMON STOCK, $.10 PAR VALUE 
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                   363127101
- --------------------------------------------------------------------------------
                                 (CUSIP Number)


Joseph D. Macchia; 1409 Indian Creek Drive; Fort Worth, Texas 76107-3520;
817-763-8922
- --------------------------------------------------------------------------------
          (Name, Address and Telephone Number of Person Authorized to
                      Receive Notices and Communications)


                                 July 23, 1998
- --------------------------------------------------------------------------------
            (Date of Event which Requires Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d(g),  check
the following box  [X].

Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.

*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 
disclosures provided in a prior cover page.

The information required on 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).


                                                                          [SEAL]



POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.


SEC 1746 (2-98)
<PAGE>   2

CUSIP NO. 363127101                                          
- --------------------------------------------------------------------------------

1   NAMES OF REPORTING PERSONS.
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

    Joseph D. Macchia                    
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
                                                                        (a) [ ]
                                                                        (b) [ ]
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)

    Personal Funds (PF) 
- --------------------------------------------------------------------------------
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 
    TO ITEMS 2(d) OR 2(e)                                                 

- --------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION


    U.S.A.
- --------------------------------------------------------------------------------
                7   SOLE VOTING POWER
  NUMBER OF
   SHARES           2,347,444
BENEFICIALLY   -----------------------------------------------------------------
  OWNED BY      8   SHARED VOTING POWER
   EACH            
 REPORTING          
  PERSON       -----------------------------------------------------------------
   WITH         9   SOLE DISPOSITIVE POWER

                    2,347,444
               -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER
     
                    
- --------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     2,347,444
- --------------------------------------------------------------------------------
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 
     CERTAIN SHARES (SEE INSTRUCTIONS)

- --------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     11.2%     
- --------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     Individual (IN)
- --------------------------------------------------------------------------------

INSTRUCTIONS FOR COVER PAGE

(1)    Names and I.R.S. Identification Numbers of Reporting Persons - Furnish
       the full legal name of each person for whom the report is filed - i.e.,
       each person required to sign the schedule itself - including each member
       of a group. Do not include the name of a person required to be identified
       in the report but who is not a reporting person. Reporting persons that 
       are entities are also requested to furnish their I.R.S. identification 
       numbers, although disclosure of such numbers is voluntary, not mandatory
       (see "SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13D" below).

(2)    If any of the shares beneficially owned by a reporting person are held as
       a member of a group and the membership is expressly affirmed, please
       check row 2(a). If the reporting person disclaims membership in a group
       or describes a relationship with other persons but does not affirm the
       existence of a group, please check row 2(b) [unless it is a joint filing
       pursuant to Rule 13d-1(k)(I) in which case it may not be necessary to
       check row 2(b)].

(3)    The 3rd row is for SEC internal use; please leave blank.




                                       2
<PAGE>   3

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.

                7/27/98
- --------------------------------------------------------------------------------
Date
                /s/ JOSEPH D. MACCHIA
- --------------------------------------------------------------------------------
Signature

                Joseph D. Macchia, Individual Investor
- --------------------------------------------------------------------------------
Name/Title

     The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an executive
officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement; provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.

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



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