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   As filed with the Securities and Exchange Commission on September 29, 1995
                                                         Registration No. 33-123
                                                                                
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
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                         POST-EFFECTIVE AMENDMENT NO. 1
                                       TO
                                    FORM S-8
                             REGISTRATION STATEMENT
                                     UNDER
                           THE SECURITIES ACT OF 1933
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                               ZAPATA CORPORATION
             (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                                    77210-4240
             HOUSTON, TEXAS                                   (Zip Code) 
(Address of Principal Executive Offices)                    
                                  
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             ZAPATA HAYNIE CORPORATION PROFIT-SHARING/SAVINGS PLAN
                            (Full title of the plan)

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                          JOSEPH L. VON ROSENBERG III
            VICE PRESIDENT, GENERAL COUNSEL AND CORPORATE SECRETARY
                               ZAPATA CORPORATION
                                 P.O. BOX 4240
                           HOUSTON, TEXAS  77210-4240
                    (Name and address of agent for service)

                                 (713) 940-6100
         (Telephone number, including area code, of agent for service)

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