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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
MIDWEST GRAIN PRODUCTS, INC.
(Name of Issuer)
Common Stock, No Par Value
(Title of Class of Securities)
59832G 104
(CUSIP Number)
John H. Calvert, Lathrop & Gage L.C.
Suite 2600, 2345 Grand Boulevard, Kansas City, Missouri 64108
(816) 842-0820
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 7, 1996
(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 which is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13d-
1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement
[ ]. (A fee is not required only if the reporting person: (1)
has a previous statement on file reporting beneficial ownership
of more than five percent of the class of securities described in
Item 1; and (2) has filed no amendment subsequent thereto
reporting beneficial ownership of five percent or less of such
class.) (See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits,
should be filed with the Commission. See rule 13d-1(a) 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).
(Continued on following page(s))
Page 1 of 6 Pages
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CUSIP No. 59832G 104 13D Page 2 of 6 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cloud L. Cray, Jr.
###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
N/A
5 CHECK BOX 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 1,558,710
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 879,793
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 1,558,710
WITH
10 SHARED DISPOSITIVE POWER
879,793
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,438,503
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
Beneficial ownership is disclaimed with respect to [ ]
763,709 shares in row (11)
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.97%
14 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 6 pages
SCHEDULE 13D
for Cloud L. Cray, Jr.
Item 1. Security and Issuer.
This statement relates to shares of the No Par Value
Common Stock of Midwest Grain Products, Inc. (the "Company").
The address of the principal executive offices of the Company is
1300 Main Street, Atchison, Kansas 66002.
Item 2. Identity and Background.
(a) Name of person filing:
Cloud L. Cray, Jr.
(b) Business address:
Midwest Grain Products, Inc.
1300 Main Street
Atchison, Kansas 66002
(c) Present principal occupation or employment:
Chairman of the Board of the Company. The
Company is a fully integrated producer of vital wheat gluten,
premium wheat starch, alcohol products and flour.
(d) Criminal convictions: the reporting person has not
been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) during the last five years.
(e) Certain civil proceedings.
During the last five years the reporting person has
not been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction which has resulted
in a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activity subject to federal or
state securities laws or a finding of any violation with respect
to such laws.
(f) Citizenship: U.S.A.
Item 3. Source and Amount of Funds or Other Consideration.
Not applicable.
Item 4. Purpose of Transaction.
The beneficial ownership of the securities subject to
this schedule 13D were acquired in the ordinary course of
business more than five years ago and prior to the date on which
Midwest Grain Products, Inc. became an issuer subject to the
reporting requirements of the Securities Exchange Act of 1934.
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Page 4 of 6 pages
This Schedule is being filed to reflect a decrease in beneficial
ownership of Common Stock of the Company due primarily to Mr. Cray's
resignation as a Trustee of the Midwest Grain Products, Inc.
Employee Stock Ownership Plan ("ESOP") on March 7, 1996. The effect
of the resignation was to cause 817,192 shares held by the ESOP at the
date of the resignation to no longer be attributable to the reporting
person. The reporting person has no plans or proposals which relate
to or would result in any of the effects specified in subparagraphs
(a) through (j) in the text of Item 4 of Schedule 13D.
Item 5. Interest and Securities of the Issuer.
(a) The number and percentage of shares of Midwest
Grain Products, Inc. Common Stock, no par value (the "Shares")
beneficially owned by the Reporting Person, based on 9,765,162
shares outstanding as of March 1, 1996, are as follows:
Number Beneficially Owned: 2,438,503
Percent of Class: 24.97%
(b) Number of shares as to which the Reporting Person
has:
(i) Sole voting power to vote or direct the
vote: 1,558,710
(ii) Shared power to vote or direct the
vote: 879,793
(iii) Sole power to dispose or direct the
disposition of: 1,558,710
(iv) Shared power to dispose or direct the
disposition of: 879,793
The reporting person disclaims beneficial ownership in
all of the shares listed under subparagraphs (b)(ii) and (b)(iv),
except as to 116,084 shares allocated to the account of the
Reporting Person under the Midwest Grain Products, Inc. Employee
Stock Ownership Plan.
(c) Transactions in Shares of the Common Stock,
No Par Value Effected by the Reporting Person During the Past 60
Days:
Date of Amount of Shares Price Per Nature of
Transaction Shares Involved Share Transaction
02/02/96 800 $13.50 Sale
02/05/96 4,200 $13.50 Sale
The above reflects sales of 800 shares and 4,200 shares
of Common Stock from the Cloud L. Cray Foundation as of February 2,
1996 and February 5, 1996, respectively. The Reporting Person is a
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Page 5 of 6 pages
Trustee of the Foundation. Prior to the sales, the Reporting
Person, as a Trustee of the Foundation, had shared beneficial ownership
over all 60,000 shares. Accordingly, the effect of the sales was to reduce
the Reporting Person's beneficial ownership of shares of Common Stock by
5,000 shares.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
The Reporting Person is one of three trustees of the
Cray Family Trust (the "Trust"). The Trust holds 333 shares of
the Company's Preferred Stock (76.2% of all preferred shares
outstanding as of March 1, 1996). The other two trustees
are Laidacker M. Seaberg (Mr. Cray Jr.'s son-in-law) and Richard
B. Cray (Mr. Cray Jr.'s brother). The Trust is appended hereto
as Exhibit 1.
The Articles of Incorporation and Bylaws of the Company
entitle the holders of the Preferred Stock to elect five out of
the Company's nine directors. Only the holders of Preferred
Stock are entitled to vote upon any proposal which requires
stockholder approval and which will authorize or direct the
Company to merge, consolidate, voluntarily dissolve, sell, lease
or exchange all or substantially all of its property and assets,
or amend its Articles of Incorporation; provided, that the
holders of Common Stock are entitled to vote, as a class, upon
any such proposal if the result thereof would be to increase or
decrease the aggregate number of authorized shares of Common
Stock or Preferred Stock, increase or decrease the par value of
the shares of Common Stock or Preferred Stock, or alter or change
the powers, preferences or special rights of the Common Stock or
Preferred Stock so as to affect the holders of Common Stock
adversely. On all other matters, other than the election of
directors, the holders of Common Stock and Preferred Stock each
vote separately, as a class, and no such matter to be acted upon
may be approved unless it receives the affirmative vote, consent
or approval of the holders of a majority, or such greater
percentage as may be required by law, of the shares of Common
Stock and the shares of Preferred Stock.
The Trust will continue in effect until the last death of
a descendent of Cloud L. Cray, Sr. who was living at the creation
of the Trust. Mr. Cloud L. Cray, Sr. died June 23, 1979 and more
than 20 of his descendents in being on April 4, 1975 when the
Trust was created are still living, the youngest being in his
teens. A majority of the Trustees may also terminate the Trust
at such time as the Trustees believe it to be consistent with the
intent of the Trustors in establishing the Trust. Until the
Trust is terminated or dissolved, each Trustee may appoint a
successor trustee provided that any successor must be and remain
an officer and stockholder of the Company. The Trustees are
permitted to act with respect to the voting or divestment of
shares of the Company's stock held by the Trust in accordance
with the decision of a majority of the Trustees.
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Page 6 of 6 pages
Item 7. Material to be Filed as Exhibits.
1. Cray Family Trust (incorporated by reference to
Exhibit 1 to Amendment No. 1 to Schedule 13D
dated November 17, 1994).
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.
s/ Cloud L. Cray, Jr.
__________________________
Cloud L. Cray, Jr.
Date: 4/1/96