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

                             FORM 10-KSB/A

       [X]   Annual Report Pursuant to Section 13 or 15(d) of the
                     Securities Exchange Act of 1934
                 For the fiscal year ended June 30, 1998

        [ ]   Transition Report Under Section 13 or 15(d) of the
                     Securities Exchange Act of 1934
         For the transition period from June 1 to June 30, 1998


                     Commission file number 0-14973

                              UNICO, INC.
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         (Exact name of Registrant as specified in its charter)

                New Mexico                      85-0270072
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          (State of Incorporation)        (IRS Employer ID No.)

          2925 Bayview Drive, Fremont, CA                94538
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        (Address of principal executive offices)      (Zip Code)

Issuer's telephone number, including area code:     510/770-3990
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Securities registered pursuant to Section 12(b) of the Act:

      Title of class                Name of exchange on which registered
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$0.20 par value common stock                       NASDAQ

Securities registered pursuant to Section 12(g) of the Act:    None

Check whether the issuer (1) has filed all reports required to be filed by 
Section 13 or 15(d) of the Exchange Act during the past 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[ ]

Check if there is no disclosure of delinquent filers in response to Item 405 
of Regulation S-B is not contained in this form, and no disclosure will be 
contained, to the best of registrant's knowledge, in definitive proxy or 
information statements incorporated by reference in Part III of this Form 10-
KSB or any amendment to this Form 10-KSB [ ]

State issuer's revenues for its most recent fiscal year:   $ 24,638,000
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State the aggregate market value of the voting and non-voting common equity 
held by non-affiliates computed by reference to the price at which the common 
equity was sold, or the average bid and asked price of such common equity, as 
of a specified date within the past 60 days. (See definition of affiliate in 
Rule 12b-2 of the Exchange Act.)

   As of September 30, 1998, the Registrant had 7,539,418 shares of common
   stock outstanding, excluding 3,699 treasury shares.  4,525,756 shares of
   the common, restricted by Rule 144, were held by affiliates who controlled
   more than 5% of the outstanding common.  Of the remaining shares,
   2,058,450 are restricted by Rule 144.  The balance of 955,212 non-
   restricted shares would have an aggregate value of $1,880,574 if
   transacted at the average of the bid (1 13/16) and asked (2 1/8) prices at
   market close on September 30, 1998 (or the day when shares traded
   immediately before). 

Note: If determining whether a person is an affiliate will involve an 
unreasonable effort and expense, the issuer may calculate the aggregate 
market value of the common equity held by non-affiliates on the basis of 
reasonable assumptions, if the assumptions are stated.

                 (ISSUERS INVOLVED IN BANKRUPTCY)

Check whether the issuer has filed all documents and reports required to be 
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution 
of securities under a plan confirmed by a court.  Yes    N