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 earliest event reported): October 30, 1997
IES INDUSTRIES INC.
(Exact name of registrant as specified in its charter)
Iowa 1-9187 42-1271452
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File No.) Identification No.)
IES Tower, Cedar Rapids, Iowa 52401
(Address of principal executive offices, including zip code)
(319) 398-4411
(Registrant's telephone number)
Item 5. Other Events.
IES Industries Inc. created its IES International Inc. subsidiary
in 1996 to manage its growing international investments in energy-
related opportunities in China and New Zealand. The Board of Directors
has authorized the Company to pursue and propose additional foreign
investments, not to exceed $300,000,000, in Brazil, which is undergoing
a privatization of its electric companies.
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 thereunto duly authorized.
IES INDUSTRIES INC.
(Registrant)
By /s/ Stephen W. Southwick
(Signature)
Stephen W. Southwick
Vice President, General Counsel &
Secretary
Date: October 30, 1997
