SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

___________________________________________________________________

FORM 10-Q
QUARTERLY REPORT

_____________________________________________________

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934



|For the Quarter Ended | Commission File No.
|--------------------- | -------------------
|October 31, 2000      | 0-10146            





|Georgia                         | 58-0522129                          
|------------------------------- | ------------------------------------
|(State or other jurisdiction of | (I.R.S. Employer Identification No.)
|incorporation or organization)  |                                     

1945 The Exchange, Suite 300, Atlanta, Georgia    30339     (Address of principal executive offices)          (Zip Code)

(770) 953-0304      
                        (Registrant's telephone number, including area code)

N/A(Former name, former address and former fiscal year, if changed since last report)

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  __

The number of shares of $1.00 par value Common Stock of the Registrant outstanding as of November 30, 2000, was 2,932,503.





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|PART 1. FINANCIAL INFORMATION                               
|------------------------------------------------------------
|                                                            
|ITEM 1. FINANCIAL STATEMENTS                                
|                                                            
|ABRAMS INDUSTRIES, INC.                                     
|CONSOLIDATED BALANCE SHEETS                                 
|(UNAUDITED)                                                 
|                                                            
|                                                            
|ASSETS                                                      
|CURRENT ASSETS                                              
|Cash and cash equivalents                                   
|Receivables (note 2)                                        
|Less: Allowance for doubtful accounts                       
|Costs and earnings in excess of billings                    
|Net assets of discontinued operations (note 3)              
|Property held for sale                                      
|Deferred income taxes                                       
|Other                                                       
|Total current assets                                        
|                                                            
|INCOME-PRODUCING PROPERTIES, net                            
|PROPERTY, PLANT AND EQUIPMENT, net                          
|LAND HELD FOR FUTURE DEVELOPMENT OR SALE                    
|OTHER ASSETS                                                
|Notes receivable                                            
|Cash surrender value of life insurance on officers, net     
|Deferred loan costs, net                                    
|Other                                                       
|                                                            
|                                                            
|LIABILITIES AND SHAREHOLDERS' EQUITY                        
|CURRENT LIABILITIES                                         
|Trade and subcontractors payables                           
|Billings in excess of costs and earnings                    
|Accrued expenses                                            
|Current maturities of long-term debt                        
|Total current liabilities                                   
|                                                            
|DEFERRED INCOME TAXES                                       
|OTHER LIABILITIES                                           
|MORTGAGE NOTES PAYABLE, less current maturities             
|OTHER LONG-TERM DEBT, less current maturities               
|Total liabilities                                           
|                                                            
|SHAREHOLDERS' EQUITY                                        
|Common stock, $1 par value; authorized 5,000,000 shares;    
|3,014,039 issued and 2,932,503 outstanding in October 2000, 
|and 2,936,356 outstanding in April 2000                     
|Additional paid-in capital                                  
|Retained earnings                                           
|                                                            
|Less cost of treasury stock                                 
|Total shareholders' equity                                  
|                                                            
|                                                            
|                                                            
|See accompanying notes to consolidated financial statements.





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|ABRAMS INDUSTRIES, INC.                                     
|------------------------------------------------------------
|CONSOLIDATED STATEMENTS OF OPERATIONS                       
|(UNAUDITED)                                                 
|                                                            
|                                                            
|                                                            
|                                                            
|REVENUES                                                    
|Construction                                                
|Rental income                                               
|Real estate sales                                           
|                                                            
|Interest                                                    
|Other                                                       
|                                                            
|COSTS AND EXPENSES                                          
|Applicable to REVENUES--                                    
|Construction                                                
|Rental property operating expenses,                         
|excluding interest                                          
|Cost of real estate sold                                    
|                                                            
|Selling, general and administrative                         
|Construction                                                
|Real estate                                                 
|Parent                                                      
|                                                            
|                                                            
|Interest costs incurred, less interest capitalized          
|                                                            
|                                                            
|EARNINGS (LOSS) FROM CONTINUING OPERATIONS                  
|BEFORE INCOME TAXES (BENEFIT)                               
|                                                            
|INCOME TAX EXPENSE (BENEFIT)                                
|                                                            
|EARNINGS (LOSS) FROM CONTINUING OPERATIONS                  
|                                                            
|DISCONTINUED OPERATIONS (note 3)                            
|Earnings from discontinued operations,                      
|adjusted for applicable expense for                         
|income taxes of $59,000, $115,878,                          
|$81,000, and $134,000, respectively                         
|                                                            
|NET EARNINGS                                                
|                                                            
|                                                            
|NET EARNINGS (LOSS) PER SHARE FROM:                         
|Continuing Operations-Basic and Diluted                     
|Discontinued Operations-Basic and Diluted                   
|NET EARNINGS PER SHARE-BASIC AND DILUTED                    
|                                                            
|DIVIDENDS PER SHARE                                         
|                                                            
|WEIGHTED AVERAGE SHARES OUTSTANDING                         
|                                                            
|                                                            
|See accompanying notes to consolidated financial statements.





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|ABRAMS INDUSTRIES, INC.                                              
|---------------------------------------------------------------------
|CONSOLIDATED STATEMENTS OF CASH FLOWS                                
|(UNAUDITED)                                                          
|                                                                     
|SIX MONTHS ENDED OCTOBER 31,                                         
|                                                                     
|                                                                     
|Cash flows from operating activities:                                
|Net income                                                           
|Adjustments to reconcile net income to net                           
|cash provided by (used in) operating activities:                     
|Depreciation and amortization                                        
|Deferred tax expense                                                 
|Gain on sales of real estate and property, plant, and equipment      
|Changes in assets and liabilities:                                   
|Receivables, net                                                     
|Inventories, net                                                     
|Costs and earnings in excess of billings                             
|Other current assets                                                 
|Other assets                                                         
|Trade and subcontractors payable                                     
|Accrued expenses                                                     
|Billings in excess of costs and earnings                             
|Deferred income                                                      
|Other liabilities                                                    
|Net cash (used in) provided by continuing operations                 
|Net cash provided by discontinued operations                         
|Net cash (used in) provided by operating activities                  
|                                                                     
|Cash flows from investing activities:                                
|Proceeds from sales of real estate and property, plant, and equipment
|Additions to properties, property, plant and equipment, net          
|Repayments received on notes receivable                              
|Net cash used in investing activities                                
|                                                                     
|Cash flows from financing activities:                                
|Short-term borrowings (repayments) proceeds, net                     
|Debt proceeds                                                        
|Debt repayments                                                      
|Additions to deferred loan costs                                     
|Repurchase of capital stock                                          
|Cash dividends                                                       
|Net cash used in financing activities                                
|                                                                     
|Net decrease in cash and cash equivalents                            
|Cash and cash equivalents at beginning of period                     
|Cash and cash equivalents at end of period                           
|                                                                     
|Supplemental schedule of cash flow information                       
|Interest paid, net of amounts capitalized                            
|                                                                     
|Income taxes refunded, net of payments                               
|                                                                     
|See accompanying notes to consolidated financial statements.         





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ABRAMS INDUSTRIES, INC.

NOTE 1.  UNAUDITED STATEMENTS

The accompanying unaudited consolidated financial statements have been prepared by the Company in accordance with generally accepted accounting principles, pursuant to the
rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements have been condensed or omitted pursuant to such rules and regulations, although management believes
that the disclosures are adequate to make the information presented not misleading. In the opinion of management, the accompanying financial statements contain all adjustments, which consist solely of normal recurring accruals, necessary for a fair
statement of the results for the interim periods presented. These financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company's Annual Report to Shareholders for the year
ended April 30,
2000. Results of operations for interim periods are not necessarily indicative of annual results.

NOTE 2.  RECEIVABLES

All contract and trade receivables are expected to be collected within one year.

NOTE 3.  DISCONTINUED OPERATIONS

During the quarter ended January 31, 2000, the Board of Directors of the Company decided to discontinue the operations of the Manufacturing Segment. The remaining assets
and liabilities of the Manufacturing Segment have been consolidated and presented as Net assets of discontinued operations on the Consolidated Balance Sheets at October 31, 2000, and April 30, 2000. For the quarter and first six months ended October 31,
2000, Earnings from discontinued operations, net of income tax expense, were $92,756 and $130,237, respectively.

NOTE 4.  OPERATING SEGMENTS

The table below exhibits selected financial data on a segment basis. Earnings (loss) from continuing operations before income taxes is total revenue less operating
expenses of continuing operations, including depreciation and interest. Parent expenses have not been allocated to the subsidiaries.



|                                          
|------------------------------------------
|For the Quarter Ended 
October 31, 2000   
|                                          
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|For the Quarter Ended 
October 31, 1999   
|                                          
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|For the Six Months Ended 
October 31, 2000
|                                          
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|For the Six Months Ended
October 31, 1999 
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ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

Changes in CONSOLIDATED BALANCE SHEETS between April 30, 2000, and October 31, 2000.

Accounts receivable increased by $9,344,834, Costs and earnings in excess of billings increased by $2,235,877, Billings in excess of costs and earnings increased by
$1,125,601, and Trade and subcontractors payable increased by $5,895,881, primarily because of the timing of the submission and payment of invoices for construction work performed.

Accrued expenses decreased by $1,204,993 primarily due to the payment of year-end accruals.





Results of operations of second quarter and first six months of fiscal 2001 compared to second quarter and first six months of fiscal 2000.

REVENUES from Continuing Operations

For the second quarter 2001, Consolidated REVENUES from continuing operations, including Interest income and Other income, and net of intersegment eliminations, were
$53,604,848, compared to $47,777,139 for the second quarter 2000, an increase of 12%. For the first six months of fiscal 2001, Consolidated REVENUES from continuing operations were $104,530,757, compared to $101,295,329 for the first six months of fiscal
2000, an increase of 3%.

The figures in Chart A are Segment revenues from continuing operations net of Intersegment eliminations and do not include Interest income or Other income.



CHART A
REVENUE FROM CONTINUING OPERATIONS SUMMARY BY SEGMENT
(Dollars in Thousands)



|                | Second Quarter Ended
October 31, | Amount
Increase(Decrease) | Percent
Increase
(Decrease) | Six Months Ended
October 31, | Amount
Increase(Decrease) | Percent
Increase
(Decrease)
|--------------- | -------------------------------- | ------------------------- | --------------------------- | ---------------------------- | ------------------------- | ---------------------------
|
|2000            | 1999                             | 2000                      | 1999                       
|Construction(1) | $ 50,415                         | $ 44,612                  | $ 5,803                     | 13                           | $  98,026                 | $  88,417                  
|Real Estate(2)  | 3,051                            | 3,075                     | (24)                        | (1)                          | 6,225                     | 12,673                     
|                | $ 53,466                         | $ 47,687                  | $ 5,779                     | 12                           | $ 104,251                 | $ 101,090                  



NOTES TO CHART A

|(1) | REVENUES for the second quarter and first six months of fiscal 2001 were higher than those of the second quarter and first six months of fiscal 2000, primarily due to an increase in business from existing customers.
The volatility with respect to the levels of capital spending of the Company's customers and the competitive bidding process the Company must go through on most projects before they are awarded inhibits the Company's ability to project future revenue trends                                                                                                                                                                                                                                                                                                                                                    
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|(2) | REVENUES for the first six months of fiscal 2001 were lower than those of the first six months of fiscal 2000 primarily due to a real estate sale in the first quarter of fiscal 2000, which generated approximately
$6.7 million in revenues. There were no real estate sales in the first six months of fiscal 2001. The Company reviews its real estate portfolio on an ongoing basis and places a property on the market for sale when it believes it is in its best interests
to do so. In addition, a property may be marketed in one fiscal year, but the sale may not close until a subsequent year, due to individually negotiated contract terms. Real estate sales, which may have a material impact on the Company's results of
operations, do not occur every year, and the Company cannot predict the timing of any such sales.
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              

The following table indicates the backlog of construction contracts and expected real estate rentals for the next twelve months by industry segment.



|              | October 31,   
|------------- | --------------
|              | 2000          
|              |               
|Construction  | $   43,877,000
|Real Estate   | 11,255,000    
|Total Backlog | $   55,132,000
|              | ==========    





No assurance can be given as to future backlog levels or whether the Company will realize earnings from the revenues resulting from the backlog at October 31, 2000.



COSTS AND EXPENSES: Applicable to REVENUES from Continuing Operations

As a percentage of total Segment REVENUES from Continuing Operations (See Chart A) for the second quarter 2001 and 2000, the total applicable COSTS AND EXPENSES (See Chart B)
were 91% and 94%, respectively. As a percentage of total Segment REVENUES from Continuing Operations for the first six months of fiscal 2001 and 2000, the total applicable COSTS AND EXPENSES were 92% and 91%, respectively.

The figures in Chart B are net of Intersegment eliminations.



CHART B
COSTS AND EXPENSES APPLICABLE TO REVENUES
FROM CONTINUING OPERATIONS SUMMARY BY SEGMENT
(Dollars in Thousands)



|                | Second Quarter Ended
October 31, | Percent of Segment
Revenues For
Second Quarter Ended
October 31, | Six Months Ended
October 31, | Percent of Segment
Revenues For
Six Months Ended
October 31,
|--------------- | -------------------------------- | ---------------------------------------------------------------- | ---------------------------- | ------------------------------------------------------------
|2000            | 1999                             | 2000                                                             | 1999                         | 2000                                                        
|Construction(1) | $ 46,918                         | $ 43,153                                                         | 93                           | 97                                                          
|Real Estate(2)  | 1,783                            | 1,642                                                            | 58                           | 53                                                          
|                | $ 48,701                         | $ 44,795                                                         | 91                           | 94                                                          

NOTES TO CHART B



|(1) | The decrease in the percentage of COSTS AND EXPENSES: Applicable to REVENUES for the second quarter and the first six months of fiscal 2001 compared to the same periods for fiscal 2000 is attributable to: (1) an increase in the size
and complexity of work performed, which provided higher margins but involved more risk; (2) improved efficiencies in project management; (3) no significant losses on jobs due to scheduling adjustments; and (4) a refinement in the mix of the Company's
customer base. The Company has exposure to increased costs for many reasons beyond its immediate control, including, but not limited to, market competition, unexpected costs, delays due to weather, or an individual customer's scheduling adjustments.
Therefore, the Company cannot predict whether the percentages reflected above will continue at the current level.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|(2) | The decrease in the dollar amount and percentage of COSTS AND EXPENSES: Applicable to REVENUES for first six months of fiscal 2001 compared to first six months of fiscal 2000 primarily is attributable to the cost of the real estate
sold in the first quarter of fiscal 2000.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              





SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
FROM CONTINUING OPERATIONS

For the second quarter 2001 and 2000, Selling, general and administrative expenses from continuing operations, net of intersegment eliminations, were $2,547,555 and
$1,583,613, respectively. As a percentage of Consolidated REVENUES from Continuing Operations, these expenses were 5% and 3%, respectively. For the first six months of fiscal 2001 and 2000, Selling, general and administrative expenses from continuing
operations, net of intersegment eliminations, were $4,607,577 and $4,298,396, respectively. As a percentage of Consolidated REVENUES from Continuing Operations, these expenses were 4% for both periods. In reviewing Chart C, the reader should recognize
that the volume of revenues generally will affect the amounts and percentages. The percentages in Chart C are based upon expenses as they relate to Segment REVENUES from Continuing Operations (Chart A), except that Parent and Total expenses relate to
Consolidated REVENUES fro
 m Continuing Operations.



CHART C
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
FROM CONTINUING OPERATIONS BY SEGMENT
(Dollars in Thousands)



|                | Second Quarter Ended
October 31, | Percent of Segment
Revenues For
Second Quarter Ended
October 31, | Six Months Ended
October 31, | Percent of Segment
Revenues For
Six Months Ended
October 31,
|--------------- | -------------------------------- | ---------------------------------------------------------------- | ---------------------------- | ------------------------------------------------------------
|2000            | 1999                             | 2000                                                             | 1999                         | 2000                                                        
|Construction(1) | $ 1,680                          | $  699                                                           | 3                            | 2                                                           
|Real Estate(2)  | 225                              | 391                                                              | 7                            | 13                                                          
|Parent          | 643                              | 494                                                              | 1                            | 1                                                           
|                | $ 2,548                          | $ 1,584                                                          | 5                            | 3                                                           

NOTES TO CHART C

|(1) | On a dollar and percentage basis, Selling, general and administrative expenses were higher for the second quarter and first six months 2001 compared to the same periods of 2000, primarily due to an increase in
incentive compensation directly related to higher segment profits.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|(2) | On a dollar basis, Selling, general and administrative expenses were lower for the second quarter and first six months 2001 compared to the same periods of 2000, primarily because of a decrease in personnel and
incentive compensation costs. On a percentage basis, as noted above, the volume of revenues generally affects these percentages. In the first six months of fiscal 2000, revenues were more than 100% higher due to the real estate sale, causing the Selling,
general and administrative expenses to be a lower percentage relative to revenues; whereas, in the first six months of fiscal 2001, although the dollar amount of these costs declined by more than 50%, the volume of revenues was significantly lower as
there were no real estate sales in the period.



Liquidity and capital resources.

Between April 30, 2000, and October 31, 2000, working capital increased by $1,637,266. Operating activities from continuing operations used cash of $2,990,454, and
discontinued operations provided cash of $671,625. Investing activities used cash of $214,280. Financing activities used cash of $853,047.

At October 31, 2000, the Company and its subsidiaries had available unsecured committed lines of credit totaling $13,000,000, of which none was outstanding, $12,500,000 was
available, and $500,000 was reserved for a letter of credit issued as security for a mortgage loan on an Income-producing property. The letter of credit has been extended until November 2001, at which time it may be used to pay down the mortgage loan if
certain leasing requirements are not attained.



Cautionary statement regarding forward-looking statements.

Certain statements contained or incorporated by reference in this Quarterly Report on Form 10-Q, including without limitation, statements containing the words "believes,"
"anticipates," "expects," and words of similar import, are forward-looking statements within the meaning of the federal securities laws. Such forward-looking statements involve known and unknown risks, uncertainties and other matters which may cause the
actual results, performance or achievements of the Company to be materially different from any future results, performance or uncertainties expressed or implied by such forward-looking statements. Such risks, uncertainties and other matters include, but
are not limited to, the possibility of not achieving projected backlog revenues or not realizing earnings from such revenues, the potential impact of factors beyond the control of the Company on future revenues and costs related to the Construction
Segment, the
 potential loss of a significant customer and the deterioration in the financial stability of an anchor tenant.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Quantitative and qualitative disclosures about market risk were disclosed as required in Form 10-K for fiscal year ended April 30, 2000.





ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

At the Company's Annual Meeting, held on August 23, 2000, the shareholders voted upon and approved the following matters:

(1)          Nominees for the board of Directors. The voting was as follows:



|DIRECTORS                | VOTES FOR | VOTES WITHHELD
|------------------------ | --------- | --------------
|Alan R. Abrams           | 2,512,348 | 111,179       
|David L. Abrams          | 2,512,348 | 111,179       
|Edward M. Abrams         | 2,512,348 | 111,179       
|J. Andrew Abrams         | 2,512,348 | 111,179       
|Paula Lawton Bevington   | 2,512,248 | 111,279       
|Gilbert L. Danielson     | 2,512,348 | 111,179       
|Melinda S. Garrett       | 2,510,870 | 112,657       
|Robert T. McWhinney, Jr. | 2,512,348 | 111,179       
|B. Michael Merritt       | 2,512,248 | 111,279       
|L. Anthony Montag        | 2,512,348 | 111,179       
|Felker W. Ward, Jr.      | 2,512,348 | 111,179       



(2)          Adoption of the 2000 Stock Award Plan. The voting was as follows: 1,628,011 shares
               in favor; 472,276 shares against; 51,374 shares abstained; and 471,866 broker non-votes.





PART II. OTHER INFORMATION

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a)          Exhibit 27 -- Financial Data Schedule (For SEC Use Only).

(b)          The Registrant has not filed any reports on Form 8-K during the quarter ended October 31, 2000.





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SIGNATURES

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

|                         | ABRAMS INDUSTRIES, INC.                                         
|------------------------ | ----------------------------------------------------------------
|                         | (Registrant)                                                    
|                         |                                                                 
|Date:  December 13, 2000 | /s/ Alan R. AbramsAlan R. Abrams
Chief Executive Officer        
|                         |                                                                 
|Date:  December 13, 2000 | /s/ Melinda S. GarrettMelinda S. Garrett
Chief Financial Officer