-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 C0c+t6z5ZcMd7nSe6l76JYtS6Ziz3dlDgIuBFytgE0D3MpStLrGlrYPevHx2GOOc
 QwStALP9L6Rd9iI/ieH/ag==

<SEC-DOCUMENT>0001068800-04-000356.txt : 20040524
<SEC-HEADER>0001068800-04-000356.hdr.sgml : 20040524
<ACCEPTANCE-DATETIME>20040524170755
ACCESSION NUMBER:		0001068800-04-000356
CONFORMED SUBMISSION TYPE:	5/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031231
FILED AS OF DATE:		20040524

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SCHIFFER LAWRENCE A
		CENTRAL INDEX KEY:			0001279992

	FILING VALUES:
		FORM TYPE:		5/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06471
		FILM NUMBER:		04827610

	BUSINESS ADDRESS:	
		STREET 1:		212 S. CENTRAL
		CITY:			ST. LOUIS
		STATE:			MO
		ZIP:			63105

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PGI INC
		CENTRAL INDEX KEY:			0000081157
		STANDARD INDUSTRIAL CLASSIFICATION:	OPERATIVE BUILDERS [1531]
		IRS NUMBER:				590867335
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		212 SOUTH CENTRAL
		STREET 2:		SUITE 100
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63105
		BUSINESS PHONE:		3145128650

	MAIL ADDRESS:	
		STREET 1:		212 SOUTH CENTRAL
		STREET 2:		SUITE 100
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63105

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PUNTA GORDA ISLES INC
		DATE OF NAME CHANGE:	19900403
</SEC-HEADER>
<DOCUMENT>
<TYPE>5/A
<SEQUENCE>1
<FILENAME>schiffer5a_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>5/A</documentType>

    <periodOfReport>2003-12-31</periodOfReport>

    <dateOfOriginalSubmission>2004-02-17</dateOfOriginalSubmission>

    <notSubjectToSection16>0</notSubjectToSection16>

    <form3HoldingsReported>0</form3HoldingsReported>

    <form4TransactionsReported>0</form4TransactionsReported>

    <issuer>
        <issuerCik>0000081157</issuerCik>
        <issuerName>PGI INC</issuerName>
        <issuerTradingSymbol>PGI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001279992</rptOwnerCik>
            <rptOwnerName>SCHIFFER LAWRENCE A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>212 S. CENTRAL</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ST. LOUIS</rptOwnerCity>
            <rptOwnerState>MO</rptOwnerState>
            <rptOwnerZipCode>63105</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President and CEO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2260706</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>0</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Love-PGI Partners, L.P., a Missouri limited partnership (L-PGI&quot;), owns 2,260,706 shares of common stock of Issuer. The
 controlling general partner of L-PGI is Love Investment Company (&quot;LIC&quot;) which is owned by Mr. Laurence A. Schiffer
 (&quot;Schiffer&quot;), Mr. Andrew S. Love, Jr. (&quot;Love&quot;), certain Love family members and trusts and the estate of Martha Love
 Symington. Schiffer and Love serve as the executive officers and directors of LIC. The original Form 5 being amended by this
 filing incorrectly stated the number of shares of common stock of Issuer owned by L-PGI.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Laurence A. Schiffer</signatureName>
        <signatureDate>2004-05-24</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----