ALANCO ENVIRONMENTAL RESOURCES CORP
10-K/A, 1995-11-21
GOLD AND SILVER ORES
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                             Form 10-K/A                       
                           Amendment No. 1

        Annual Report Pursuant to Section 13 or 15(d) of
               the Securities Exchange Act of 1934
             For the fiscal year ended June 30, 1995
                  Commission file number 0-9347

              ALANCO ENVIRONMENTAL RESOURCES CORPORATION
     (Exact name of registrant as specified in its charter)
                                   
             Arizona                           86-0220694
(State or other jurisdiction of            (I.R.S. Employer
  incorporation or organization)           Identification No.)

   4110 N. Scottsdale Road, Suite 200, Scottsdale AZ      85251
      (Address of principal executive offices)         (Zip Code)

         Registrant's Telephone Number:  (602) 874 0448

   Securities registered pursuant to Section 12(b) of the Act: None
   Securities registered pursuant to Section 12(g) of the Act:

                   COMMON STOCK, NO PAR VALUE
                        (Title of Class)

     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
Exchange Act of 1934 during the preceding 12 months (or for such
shorter period 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 by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K is not contained herein, and
will not be contained, to the best of registrant's knowledge, in
definitive proxy or information statements incorporated by reference
in Part III of this Form 10-K or any amendment to this Form 10-K. [X]

     State the aggregate market value of the voting stock held by
non-affiliates of the registrant: $44,209,894 as of September 28, 1995

     Indicate the number of shares outstanding of each of the issuer's
classes of common stock: 30,448,279 as of September 28, 1995.

Documents incorporated by reference: NONE

This amendment is filed to include Exhibit 27 FINANCIAL DATA SCHEDULE,
November 20,1995<PAGE>

(b)  Reports on Form 8-K

     Report dated October 11, 1994, on resignation of Richard A.
     Steinke from positions of Chairman of the Board and Chief
     Executive Officer and election of D. Harrison Gentry as Chief
     Executive Officer and Peter Van Oosterhout as Chairman of the
     Board.

     Report dated December 15, 1994, on the appointment of Norman E.
     Meyer, Evert Eggink and Dean Hough as Directors and the removal
     of D. Harrison Gentry from the positions of President,  Chief
     Executive Officer, Chief Operating Officer and Director.

(c)  Exhibits

EXHIBIT (21)   SUBSIDIARIES

NAME                                    STATE OF INCORPORATION

Alanco Environmental Services, Inc.           Nevada

Alanco Environmental Manufacturing, Inc.      Nebraska

Alanco Financial Services Corp.               Nevada

Alanco Beijing Environmental Technology Corp  Peoples Republic of
China

Fry Guy Inc.                                  Nevada

Unique Systems, Inc.
  dba National Affiliated Adjustment Company  Nevada


EXHIBIT (27)   FINANCIAL DATA SCHEDULE<PAGE>
                           SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) 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.

                                   Alanco Environmental
                                    Resources Corporation



                                     JAMES G. RICKETTS       
                                   James G. Ricketts, Chairman

     Pursuant to the requirements of the Securities Exchange Act of
1934, this report signed below by the following persons on behalf of
the Registrant and in the capacities and on the dates indicated.

     NAME                     TITLE                    DATE



  NORMAN E. MEYER        Chief Executive Officer   11/20/95  
Norman E. Meyer          Director and President



  KEVIN L. JONES         Chief Financial Officer   11/20/95   
Kevin L. Jones           Director 
                              


                         General Executive Officer    
Dean Hough               Director


  PETER VAN OOSTERHOUT   Director                  11/20/95   
Peter Van Oosterhout     


  LARRY G. NELSON        Director                  11/20/95   
Larry G. Nelson


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<ARTICLE> 5
<LEGEND>
THIS AMENDMENT IS FILED TO INCLUDE EXHIBIT 27 FINANCIAL DATA SCHEDULE,
NOVEMBER 20, 1995
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