As filed with the Securities and Exchange Commission on March 22, 1996
    
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

                                ________________
   
                                   FORM 8-K/A
    
                CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


     Date of Report (Date of earliest event reported):    December 28, 1995


                         DUKE REALTY INVESTMENTS, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)



       Indiana                       1-9044                    35-1740409
   (State or other                 (Commission              (I.R.S. Employer
   jurisdiction of                File Number)             Identification No.)
   incorporation)


                       8888 Keystone Crossing, Suite 1200
                              Indianapolis, Indiana                46240
                    (Address of principal executive offices)     (Zip Code)



     Registrant's telephone number, including area code:     (317) 574-3531



                                 NOT APPLICABLE
            (Former name or former address changed since last report)



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ITEM 5. OTHER EVENTS

   
    

   
    On December 28, 1995, the Company formed a joint venture (Dugan Realty
    L.L.C.) with an institutional real estate investor and purchased 25
    industrial buildings totaling approximately 2.3 million square feet. Upon
    formation of the venture, the Company contributed approximately 1.4 million
    square feet of recently developed and acquired industrial properties, 113
    acres of recently acquired land held for future development at an agreed 
    value of $50.8 million, and approximately $16.7 million of cash for a 50.1%
    interest in the joint venture. The Company's recorded investment at 
    December 31, 1995 in the joint venture of $59.4 million is the sum of the 
    carrying value of the properties, land, and cash contributed. Upon 
    completion of 1.1 million square feet of property currently under
    development, the Company will contribute these properties to the joint
    venture and receive a $12.5 million cash distribution.  The agreed value 
    of the 1.1 million square feet upon contribution is expected to be 
    approximately $25.0 million.  The Company will record its investment in the
    joint venture related to the additional contribution at its carrying value.
    The joint venture partner is required to contribute cash to the venture 
    equal to 49.9% of the agreed value of the properties contributed and this 
    cash will be distributed to the Company and reduce its recorded investment 
    in the venture. The Company's joint venture partner contributed cash of  
    $67.5 million which was equal to the agreed value of the Company's 
    contribution. The total cash contributed by the Company and the joint 
    venture partner was used to purchase the 25 industrial buildings noted 
    above. The recently acquired industrial properties and the undeveloped land 
    which were contributed were acquired as part of the acquisition of Park 
    Fletcher, Inc., an Indianapolis, Indiana based real estate development and 
    management Company. The acquisition was accounted for under the purchase 
    method. The recorded carrying value of acquired properties and land was 
    equal to the net liabilities assumed plus cash paid plus mortgage 
    indebtedness assumed of $17.4 million. The fair value of the property 
    exceeds the Company's recorded investment. The operating results of the 
    acquired properties and land have been included in the 
    consolidated operating results subsequent to the date of
    acquisition. The Company accounts for its investment in this joint
    venture on the equity method because the joint venture  partner's
    approval is required for all major decisions and the joint 
    venture partner has equal control regarding the primary day-to-day 
    operations of the venture.
    
   
    In addition, the Company acquired its unaffiliated partner's 50% 
    interest in a joint venture which owned two  suburban office rental 
    properties (one of which was under construction as of December 31, 1995) 
    and 40.3 acres of land held for development.  The Company accounted 
    for the acquisition of the 50% interest using the purchase method with 
    its recorded investment in the properties equal to the sum of the balance 
    of its investment in and advances to the joint venture at the date of 
    acquisition, the net liabilities assumed and cash paid to the joint 
    venture partner amounting to $24.4 million.  The fair value of the
    property exceeds the Company's recorded investment.
    


                                   SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                      DUKE REALTY INVESTMENTS, INC.
                                              (Registrant)

   
Date:   March 22, 1996             By:    /s/  Dennis D. Oklak        
                                       ---------------------------------------
                                                 Dennis D. Oklak
                                                 Vice President and Treasurer