GREENSTONE ROBERTS ADVERTISING INC
10-Q/A, 1995-08-01
ADVERTISING AGENCIES
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                            FORM 10-Q/A
                           AMENDMENT NO. 1


               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549

         QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF
                 SECURITIES EXCHANGE ACT OF 1934


For Quarter Ended:  April 30, 1995    Commission File #
000-17468


              GREENSTONE ROBERTS ADVERTISING, INC.
                    One Huntington Quadrangle
                    Melville, New York  11747
                       Tel. (516) 249-2121


NEW YORK                                        11-2250305
(State or other jurisdiction of            (I.R.S. Employer
incorporation or organization)            Identification #)


Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15 (d) of the
Securities Act of 1934 during the preceding 12 months (or for
such shorter periods that the registrant was required to file
such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes  X   No    

Indicate the number of shares outstanding of each of the
Registrant's classes of Common Stock, as of the latest
practicable date:

         Common Stock, $.01 par value:  9,536,318 shares
                       as of July 31, 1995

<PAGE>

      GREENSTONE ROBERTS ADVERTISING, INC. AND SUBSIDIARY
                   PART II- OTHER INFORMATION

Item 6 - Exhibits and Reports on Form 8-K:
       Exhibit 27  Financial Data Schedule

                           SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this amendment to the
Report to be signed on its behalf by the undersigned, thereunto
duly authorized in the City of Melville, State of New York on
August 1, 1995.
         

          Greenstone Roberts Advertising, Inc.

          By: /s/ Gary C. Roberts                               
                 Gary C. Roberts
                 President & COO

          By: /s/ Gregory A. Rice
                                              
              Gregory A. Rice
              Senior Vice President & CFO 
             
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 5
<MULTIPLIER> 1,000
       
<S>                           <C>
<PERIOD-TYPE>                 6-MOS
<FISCAL-YEAR-END>                   OCT-31-1995
<PERIOD-END>                        APR-30-1995
<CASH>                                          695
<SECURITIES>                                   1,110
<RECEIVABLES>                                  8,944
<ALLOWANCES>                                     363
<OTHER-CURRENT-ASSETS>                           544
<CURRENT-ASSETS>                              10,930
<PP&E>                                         2,594
[OTHER-ASSETS]                                   718
<DEPRECIATION>                                 1,691
<TOTAL-ASSETS>                                12,551
<CURRENT-LIABILITIES>                          7,073
<BONDS>                                          250
<COMMON>                                         106
                              0
                                        0
<OTHER-SE>                                     5,122
<TOTAL-LIABILITY-AND-EQUITY>                  12,551
<SALES>                                        2,510
<TOTAL-REVENUES>                               2,510
<CGS>                                          1,734
<TOTAL-COSTS>                                  1,734
<OTHER-EXPENSES>                                 758
<LOSS-PROVISION>                                  28
[INTEREST-INCOME]                                 35
<INCOME-PRETAX>                                   25
<INCOME-TAX>                                       7
<INCOME-CONTINUING>                               18
<DISCONTINUED>                                     0
<EXTRAORDINARY>                                    0
<CHANGES>                                          0
<NET-INCOME>                                      18
<EPS-PRIMARY>                                      0
<EPS-DILUTED>                                      0
                                      



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