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                       SECURITIES AND EXCHANGE COMMISSION

                            Washington, D. C.  20549


                                  FORM 10-Q/A


(Mark One)

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

For Quarterly period ended                    June 30, 1995
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                                      or

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

For the transition period from ______________________ to ______________________

                        Commission file number  1-4219

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


               DELAWARE                               C-74-1339132
    (State or other jurisdiction of                 (I.R.S. Employer
     incorporation or organization)                Identification No.)


     P.O. Box 4240, Houston, Texas                        77210
(Address of principal executive offices)                (Zip code)


Registrant's telephone number, including area code      (713) 940-6100
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          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 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 
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     Number of shares outstanding of the registrant's Common Stock, par value
$.25 per share, on November 7, 1995:  29,548,407.
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