8-K

                        SECURITIES AND EXCHANGE COMMISSION

                               WASHINGTON D.C. 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)          October 5, 1999
                                                         (October 1, 1999)

     Protection One, Inc.               Protection One Alarm Monitoring, Inc.
  (Exact Name of Registrant                  (Exact Name of Registrant
   as Specified in Charter)                   as Specified in Charter)

          Delaware                                   Delaware
 (State or Other Jurisdiction               (State or Other Jurisdiction
      of Incorporation)                          of Incorporation)

          0-247802                                   33-73002-1
  (Commission File Number)                    (Commission File Number)

         93-1063818                                  93-1065479
      (I.R.S. Employer                            (I.R.S. Employer
     Identification No.)                         Identification No.)

600 Corporate Pointe, 12th Floor            600 Corporate Pointe, 12th Floor
  Culver City, California 90230               Culver City, California 90230
 (Address of Principal Executive             (Address of Principal Executive
  Offices, Including Zip Code)                Offices, Including Zip Code)

        (310) 342-6300                              (310) 342-6300
 (Registrant's Telephone Number,             (Registrant's Telephone Number,
     Including Area Code)                        Including Area Code)



Item 5.  Other Events

     On October 1, 1999, Protection One, Inc. announced it has received a 30-
day waiver from its banks on its revolving credit facility.

Item 7.  Financial Statements and Exhibits

     (c) Exhibits

          Exhibit 99.1 - Press release dated as of October 1, 1999, issued by
     Protection One, Inc.



                                     SIGNATURE

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

                                         Protection One, Inc.

Date:   October 5, 1999                   By:  /s/ Anthony D. Somma
                                               Anthony D. Somma
                                            Chief Financial Officer



                                         Protection One Alarm Monitoring, Inc.

Date:   October 5, 1999                   By:  /s/ Anthony D. Somma
                                               Anthony D. Somma
                                            Chief Financial Officer




                                 EXHIBIT INDEX


Exhibit Number                           Description of Exhibit

99.1                                    Press release dated as of October 1,
                                        1999, issued by Protection One, Inc.

EX-99

                                                                 Exhibit 99.1
Media Contact:
Robin J. Lampe
Phone: (785) 575-6468

Investor Contact:
Adam M. Goldston
Phone: (310) 258-6502


FOR IMMEDIATE RELEASE


                                PROTECTION ONE
                             RECEIVES BANK WAIVER

     CULVER CITY, Calif., October 1, 1999   Protection One, Inc. (NYSE:POI)

today announced it has received a 30-day waiver from its banks on its

revolving credit facility.

     The company continues to work closely with the banks on an amendment to

its revolving credit agreement.

     As of September 30, 1999, the company had approximately $216 million

drawn under the revised facility with a reduced limit of $250 million.



     Protection One, one of the leading residential security alarm companies
in the United States, provides monitoring and related security services to
more than 1.6 million residential and commercial subscribers in North America
and Europe.

     Statements contained in this press release concerning statements of
management's beliefs, goals and expectations are "forward-looking statements"
as the term is defined in the Private Securities Litigation Reform Act of
1995, and are subject to risks and uncertainties that could cause actual
results to differ materially from those expressed in or implied by the
statements.  Certain information in this release constitutes forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995, and is subject to the safe harbor protections of that Act.  Other
risks and uncertainties are described in Protection One's 1998 Form 10-K/A
filed with the Securities and Exchange Commission on April 14, 1999 and
quarterly reports on Form 10-Q filed May 17, 1999 and August 16, 1999.
Protection One disclaims any obligations to update any forward-looking
statements as a result of developments occurring after the date of this press
release.