8-K

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                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 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): MAY 1, 2001



                            ANALYTICAL SURVEYS, INC.
                            ------------------------
             (Exact name of Registrant as specified in its charter)


Colorado                            0-13111                  84-0846389
- --------                       -----------------             ----------
(State or other                  (Commission                 (IRS Employer
jurisdiction of                  File Number)                Identification No.)
incorporation)


                      941 Meridian Street, Indianapolis, IN             46204
                  --------------------------------------------        ---------
                     (Address or principal executive offices)         (Zip Code)

        Registrant's telephone number, including area code (317) 634-1000
                                                           --------------




  (Former name or former address, if changed since last report): Not applicable

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Item 5. OTHER EVENTS

See Exhibit 99 to this Form 8-K.

Item 7. FINANCIAL STATEMENTS AND EXHIBITS.

           (c) Exhibits. Exhibit 99. Analytical Surveys, Inc. Press Release
               issued MAY 1, 2001.


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 hereunto duly authorized.


                                                      ANALYTICAL SURVEYS, INC.

Date: MAY 2, 2001                           By:    s/s  Michael A. Renninger
                                                --------------------------------
                                                        Michael A. Renninger
                                                        Chief Financial Officer

EX-99

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May 1, 2001

Analytical Surveys, Inc.                    Pfeiffer High Public Relations, Inc.
Michael Renninger                           Geoff High
Chief Financial Officer                     303/393-7044
mrenninger@anlt.com                         geoff@pfeifferhigh.com

               ANALYTICAL SURVEYS OBTAINS NEW WAIVER AGREEMENT AND
               AMENDMENT TO CREDIT AGREEMENT FROM SENIOR LENDERS

INDIANAPOLIS, Indiana -- Analytical Surveys, Inc., (ASI) (Nasdaq National
Market-ANLT), a leading provider of geospatial data management services for the
geographic information systems ("GIS") market, today announced it has obtained a
new Waiver Agreement and Amendment to its Credit Agreement (the "Agreement")
from its senior lenders. The Agreement was signed on April 26, 2001 with the
terms being retroactively effective as of March 31, 2001.

In addition to waiving certain default provisions, ASI's lenders have agreed to
cease interest charges on $5.0 million of the approximately $10.1 million the
Company owes in term debt. Additionally, the date of maturity on the $5.0
million portion of term debt has been extended by one year to October 1, 2002.
The $5.0 million portion of the term debt contains an option to convert this
portion of the debt into equity in ASI upon terms yet to be negotiated between
the Company and its lenders.

The date of maturity on the remaining $5.1 million interest-bearing portion of
the Company's term debt has also been extended, and will now be due December 31,
2001 versus October 1, 2001. Moreover, the interest rate on the debt has been
reduced to prime rate plus 1.0%, from a previous rate of prime plus 3.5%.

The new agreement also stipulates that the Company must restructure its line of
credit facility on or before May 31, 2001. This target date will be extended to
June 30, 2001 upon the Company reaching certain milestones. The restructured
line is intended to replace ASI's current line, on which the Company owes
approximately $4.4 million. Management is currently in discussions with
potential lenders regarding a new line of credit.

Norman Rokosh, President and CEO, stated that "Our senior management team has
been focused on successful resolution of the shareholder lawsuit, the completion
of the sale of our Colorado Springs office and negotiation of this Agreement.
The completion of these steps represents significant progress in our turnaround
program. However, results from our cost reduction actions completed thus far
have yet to improve our operating income, and consequently, we expect to report
a material operating loss for the second quarter ended March 31, 2001."


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About ASI

Analytical Surveys Inc. (ASI) is a premier provider of technology-enabled
solutions and expert services for geospatial data management, including data
capture and conversion, planning, implementation, distribution strategies and
maintenance services. As an industry leader for more than 40 years, ASI is
dedicated to providing utilities with responsive, proactive solutions that
maximize the value of the information and technology asset. In addition to its
corporate offices in Indianapolis, Indiana, ASI maintains several facilities
across the United States and is listed on the Nasdaq under the symbol "ANLT."
For more information, visit www.anlt.com.

Certain statements made in this news release are forward-looking statements
within the meaning of the Private Securities Litigation Act of 1995. Results may
differ materially from the Company's expectations. A number of uncertainties and
other factors could cause actual results to differ materially from such
forward-looking statements, including, but not limited to, the possibility that
the Company will not be awarded contracts in the numbers, for the amounts, or at
the time that the Company currently expects, and therefore, that overall
contract volume does not increase. A more detailed description of factors that
could affect the Company's financial results are included in the Company's
Annual Report on Form 10-K and other filings with the Securities and Exchange
Commission.

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