10-Q/A

 1
                              UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549

                             AMENDMENT NO. 1
                               FORM 10-Q/A

(Mark one)

 /x/     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                    SECURITIES EXCHANGE ACT OF 1934

              For the quarterly period ended March 31, 1995
                                             --------------
                                   OR

 / /     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                    SECURITIES EXCHANGE ACT OF 1934


                   Commission File Number:  0-18643

                           LUNAR CORPORATION
         (Exact name of registrant as specified in its charter)

   Wisconsin                      3845                         39-1200501
   (State of           (Primary Standard Industry            (IRS Employer
 Incorporation)        Classification Code Number)        Identification No.)

                       313 West Beltline Highway
                       Madison, Wisconsin  53713
                              608-274-2663

     (Address, including zip code, and telephone number, including
         area code, of Registrant's principal executive offices)


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
                                                            -----      -----

As of April 30, 1995, 5,297,980 shares of the registrant's Common Stock, $0.01
par value, were outstanding.

Exhibit index located on page 13 of 15 total pages.








                                         1
 2

                                SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this amendment to be signed on its behalf by the
undersigned thereunto duly authorized.



                                   LUNAR CORPORATION
                                   (Registrant)



                                
Date:  August 7, 1995              Richard B. Mazess
---------------------              ---------------------------------
                                   Richard B. Mazess
                                   President
                                   (Principal Executive Officer)



                                  
Date:  August 7, 1995              Robert A. Beckman
---------------------              ----------------------------------
                                   Robert A. Beckman
                                   Vice President of Finance
                                   and Treasurer
                                   (Principal Financial and
                                    Accounting Officer)


























                                        
 3
                    LUNAR CORPORATION AND SUBSIDIARIES

                               Exhibit Index

               For the quarterly period ended March 31, 1995




            No.       Description                                        Page
           -----      -----------                                        ----

            27        Financial Data Schedule











































                                       

EX-27

 

<ARTICLE>      5
<LEGEND>       THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
               FROM FORM 10-Q FOR THE QUARTERLY PERIOD ENDED MARCH 31, 1995 AND
               IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
               STATEMENTS.
<MULTIPLIER>   1,000
       
                          
<PERIOD-TYPE>                      9-MOS
<FISCAL-YEAR-END>            JUN-30-1995
<PERIOD-END>                 MAR-31-1995
<CASH>                               521
<SECURITIES>                      17,572
<RECEIVABLES>                     22,684
<ALLOWANCES>                       1,100
<INVENTORY>                        6,025
<CURRENT-ASSETS>                  35,113
<PP&E>                             5,759
<DEPRECIATION>                     2,342
<TOTAL-ASSETS>                    53,044
<CURRENT-LIABILITIES>              6,873
<BONDS>                                0
<COMMON>                              53
<PREFERRED-MANDATORY>                  0
<PREFERRED>                            0
<OTHER-SE>                        46,118
<TOTAL-LIABILITY-AND-EQUITY>      53,044
<SALES>                           31,794
<TOTAL-REVENUES>                  31,794
<CGS>                             13,408
<TOTAL-COSTS>                     26,241
<OTHER-EXPENSES>                       0
<LOSS-PROVISION>                       0
<INTEREST-EXPENSE>                     0
<INCOME-PRETAX>                    6,789
<INCOME-TAX>                       1,706
<INCOME-CONTINUING>                5,083
<DISCONTINUED>                         0
<EXTRAORDINARY>                        0
<CHANGES>                              0
<NET-INCOME>                       5,083
<EPS-PRIMARY>                        .87
<EPS-DILUTED>                        .87