UNITED STATES                            OMB APPROVAL
        SECURITIES AND EXCHANGE COMMISSION       OMB Number:        3235-0058
               Washington, D.C.  20549           Expires:        May 31, 1997
                                                 Estimated Average Burden:
                    FORM 12b-25                  hours per response......2.50
           NOTIFICATION OF LATE FILING
                                                           SEC FILE NUMBER
                                                           _______________

                                                             CUSIP NUMBER
                                                           _______________

 (Check One)  [X] Form 10-K   [ ] Form 20-F   [ ] Form 11-K   [ ] Form 10QSB
              [ ] Form N-SAR

 For Period Ended:   June 30, 1996

       [ ] Transition Report on Form 10-K
       [ ] Transition Report on Form 20-F
       [ ] Transition Report on Form 11-K
       [ ] Transition Report on Form 10-Q
       [ ] Transition Report on Form N-SAR
       For the Transition Period Ended:_____________________________

Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.

If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:

                     Entire Filing

PART I - REGISTRANT INFORMATION
__________________________________________________________________________
Full Name of Registrant

         HIGH PLAINS CORPORATION

__________________________________________________________________________
Former Name if Applicable

         N/A

__________________________________________________________________________
Address of Principal Executive Office (Street and Number)

         200 W. DOUGLAS, SUITE #820
__________________________________________________________________________
City, State and Zip Code

         WICHITA, KANSAS  67202


PART II - RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed.  (Check box if appropriate)

[ ]  (a)   The reasons described in reasonable detail in Part III of
           this form could not be eliminated without unreasonable
           effort or expense;
[X]  (b)   The subject annual report, semi-annual report, transition
           report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or
           portion thereof, will be filed on or before the fifteenth
           calendar day following the prescribed due date; or the
           subject quarterly report of transition report on Form 10-Q,
           or portion thereof will be filed on or before the fifth
           calendar day following the prescribed due date; and
[ ]  (c)   The accountant's statement or other exhibit required by
           Rule 12b-25(c) has been attached if applicable.

PART III - NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 20-F,
11-K, 10-Q, N-SAR or the transition report or portion thereof, could
not be filed within the prescribed time period.

           Management is unable to complete a timely filing of its 10-K
           due to additional disclosures required in connection with the
           shut-down of the Company's production facilities during its
           fourth quarter, and the partial start-up of one facility
           subsequent to year-end.

           Management believes that the 10-K filing would be incomplete
           and inaccurate without the incorporation of these recent changes.



PART IV - OTHER INFORMATION

(1)  Name and telephone number of person to contact in regard to this
     notification

        Raymond G. Friend          (316)             269-4310
     -----------------------    -----------     -----------------
             (Name)             (Area Code)     (Telephone Number)

(2)  Have all other periodic reports required under Section 13 or 15(d)
     of the Securities Exchange Act of 1934 or Section 30 of the Investment
     Company Act of 1940 during the preceding 12 months or for such shorter
     period that the registrant was required to file such report(s) been
     filed?  If Answer is no, identify report(s).

                                                     [X] Yes      [ ] No
     _____________________________________________________________________

(3)  Is it anticipated that any significant change in results of operations
     from the corresponding period for the last fiscal year will be reflected
     by the earnings statements to be included in the subject report or
     portion thereof?

                                                     [ ] Yes      [X] No

     If so, attach an explanation of the anticipated change, both narratively
     and quantitatively, and, if appropriate, state the reasons why a
     reasonable estimate of the results cannot be made.

__________________________________________________________________________

                   HIGH PLAINS CORPORATION
     ------------------------------------------------------
          (Name of Registrant as Specified in Charter)

     has caused this notification to be signed on its behalf by the
     undersigned hereunto duly authorized.

     Date     September 25, 1996         By    Raymond G. Friend
          ----------------------------     ------------------------

     INSTRUCTION:  The form may be signed by an executive officer of
     the registrant or by any other duly authorized representative.
     The name and title of the person signing the form shall be typed
     or printed beneath the signature.  If the statement is signed on
     behalf of the registrant by an authorized representative (other
     than an executive officer), evidence of the representative's
     authority to sign on behalf of the registrant shall be filed
     with the form.


                                    ATTENTION

Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).