Securities and Exchange Commission
                          Washington, DC  20549

                                FORM 10-K

    (Mark One)
    [  X  ]  Annual  report pursuant to section 13 or  15(d)  of  the
             Securities Exchange Act of 1934 (Fee Required)
    For the fiscal year ended October 31, 1999 or
    [     ]  Transition report pursuant to section 13 or 15(d) of the
             Securities Exchange Act of 1934 (No Fee Required)
    For the transition period from _________ to ___________

    Commission file number 0-12619

    Collins Industries, Inc.
    (Exact name of registrant as specified in its charter)

    Missouri
    (State or other jurisdiction of incorporation)

    43-0985160
    (I.R.S. Employer Identification Number)

    15 Compound Drive
    Hutchinson, Kansas                              67502-4349
    (Address of principal executive offices)        (Zip Code)

    Registrant's telephone number including area code
    316-663-5551

    Securities registered pursuant to Section 12(b) of the Act:

    Title of each class        Name of each exchange on which registered

            None                               N/A

    Securities registered pursuant to Section 12(g) of the Act:

                      Common Stock, Par Value $.10 per share
                                  (Title of class)

    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

    Indicate  by  check  mark  if  disclosure  of  delinquent  filers
    pursuant  to Item 405 of Regulation S-K is not contained  herein,
    and  will  not  be  contained, to the best  of  the  registrant's
    knowledge,   in   definitive  proxy  of  information   statements
    incorporated by reference in Part III of this Form  10-K  or  any
    amendment to this Form 10-K.  (X )

    The aggregate market value of voting stock held by non-affiliates
    of the registrant was $  30,401,729  as of January 10, 2000.

    The number of shares of Common Stock outstanding on January 10, 2000
    was 7,475,406.

                      Documents Incorporated by Reference

    The following are the documents incorporated by reference and the
    part of the Form 10-K into which the document is incorporated:
             Document:                          Part of Form 10-K
    Proxy Statement for Annual Meeting
    of  Shareholders on February 25,  2000          Part  III

                                     PART I

    Item 1.  BUSINESS


    General Development of Business

    Collins Industries, Inc. was founded in 1971 as a manufacturer of
    small school buses and ambulances built from modified cargo vans.
    The  Company's initial product was the first "Type A" school bus,
    designed  to  carry  16  to  20 passengers.   Today  the  Company
    manufactures specialty vehicles and accessories for various basic
    service  niches  of the transportation industry.   The  Company's
    products include ambulances, small school buses, shuttle and mid-
    size  commercial  buses,  terminal  trucks,  and  commercial  bus
    chassis.   From its inception, Collins' stated goal has  been  to
    become the largest manufacturer of specialty vehicles in the U.S.
    The  Company has grown primarily through the internal development
    of  new  products  and  the acquisition of complementary  product
    lines.

    In  the  U.S., Collins is the largest manufacturer of ambulances,
    the  second largest manufacturer of terminal trucks and a leading
    manufacturer   of  small  school  buses,  shuttle  and   mid-size
    commercial  buses and commercial bus chassis.  The Company  sells
    its  products  under  several well-known trade  names,  including
    Wheeled Coach (ambulances), Collins Bus and Mid Bus (small school
    buses),  World  Trans (commercial buses), and Capacity  (terminal
    trucks).

    Most Collins products are built to customer specifications from a
    wide  range of options offered by the Company.  Collins sells  to
    niche   markets   which   demand  manufacturing   processes   too
    sophisticated  for  small job shop assemblers,  but  is  not  the
    highly  automated  assembly line operations  of  mass  production
    vehicle   manufacturers.    The  Company   emphasizes   specialty
    engineering  and product innovation.  In the last few  years,  it
    has  introduced  new  products  and product  improvements,  which
    include  the Moduvan ambulance, the first ambulance of  its  size
    with  advanced  life-support  system  capability,  the  Dura-Ride
    suspension  system, the first frame-isolating  suspension  system
    for  terminal  trucks, and the innovation  of  a  larger  seating
    capacity,  Type A Super Bantam school bus capable of carrying  up
    to 24 passengers, the largest Type A in the industry.

    Description of Business

    The   Company  principally  manufactures  and  markets  Specialty
    Vehicles.

    See   "Note   7   to   Consolidated  Financial  Statements"   for
    quantitative segment information.

    Ambulances.   The Company manufactures both modular and  van-type
    ambulances at its Hutchinson, Kansas and Orlando, Florida plants.
    Modular ambulances are produced by attaching an all-aluminum, box-
    type, patient compartment to either a dual rear-wheel cab chassis
    ("Type  I")  ambulance  or a dual rear-wheel,  van-type,  cutaway
    chassis  ("Type III") ambulance or to a single rear-wheel cutaway
    chassis  ("Moduvan")  ambulance.  A cutaway chassis  consists  of
    only the front portion of the driver's compartment, engine, drive
    train,  frame,  axle and wheels.  Van ("Type II") ambulances  are
    cargo vans modified to include a patient compartment and a raised
    fiberglass  roof.   Type  II  ambulances  are  smaller  and  less
    expensive than modular ambulances.

    The  Company  also produces a limited number of  medical  support
    vans  designed  to transport medical and life-support  equipment.
    Medical  support vans are modified commercial vehicles  which  do
    not have a patient compartment for advanced life support systems.

    Buses.   The  Company manufactures small school buses, commercial
    and  shuttle  buses  at its Bluffton, Ohio facility  and  at  its
    Hutchinson and South Hutchinson, Kansas facilities.

      School  Buses.   The Company manufactures small  Type  A  school
      buses  which  carry from 16 to 24 passengers.  The  majority  of
      Type  A  school  buses  currently  built  by  the  Company   are
      produced  by fabricating the body and mounting it on  a  vendor-
      supplied,   dual   rear-wheel  or  single  rear-wheel,   cutaway
      chassis.   The Company was the first manufacturer to  produce  a
      Type  A  school  bus  on  this type of  chassis,  which  permits
      greater  seating capacity than a van chassis.  School buses  are
      produced  in  compliance  with Federal,  state  and  local  laws
      regarding school transportation vehicles.

      Commercial and Shuttle Buses.  The Company produces shuttle  and
      transit  buses  for  car rental agencies,  transit  authorities,
      hotels  and  resorts,  retirement  centers,  nursing  homes  and
      similar    users.    These   buses   are   built   to   customer
      specifications  and  are  designed  to  transport   14   to   30
      passengers over short distances.

      Collins  offers commercial bus products in various price ranges.
      The  Diplomat  is  a steel body bus built on a  vendor-supplied,
      cutaway  chassis that carries 17 to 25 passengers and targets  a
      low-   to  mid-price  range  market.   The  World  Trans   3000,
      introduced in early 1993, is an aluminum body bus built  on  the
      Company's  rear-engine,  rail-type  chassis.   This  product  is
      designed for the medium duty segment of the transit and  shuttle
      markets.

    Terminal  Trucks.   The  Company produces  two  basic  models  of
    terminal  trucks  at  its Longview, Texas facility,  the  Trailer
    Jockey   and  the Yardmaster.  Terminal trucks are  designed  and
    built  to  withstand  heavy-duty  use  by  moving  trailers   and
    containers at warehouses, rail yards, rail terminals and shipping
    ports.   Most  terminal trucks manufactured by  the  Company  are
    built  to customer specifications.  The Company manufactures  the
    entire  truck  except for major drivetrain components  which  are
    purchased from outside suppliers.

      Bus  Chassis.   The Company produces a rear-engine  bus  chassis
      for  use  by  the  Company and for sale to other  manufacturers.
      This  chassis  is suitable for both commercial and large  school
      buses.   To  date,  the Company has produced  and  sold  limited
      quantities  of  these chassis.  The Company  plans  to  continue
      manufacturing bus chassis suitable for its own products and  for
      sale to other manufacturers.

    Manufacturing

    Manufacturing consists of the assembly of component parts  either
    purchased  from  others  or  fabricated  internally.   With   the
    exception  of  chassis, chassis components and  certain  terminal
    truck components which are purchased from outside suppliers,  the
    Company  fabricates  the principal components  of  its  products.
    Collins'  internal capabilities include CNC punching and  forming
    of  sheet  metal, metal stamping, tooling, molding of  fiberglass
    components,   mechanical  and  electrical   component   assembly,
    upholstery, painting and finishing and Computer-Aided-Design  and
    Manufacturing (CAD/CAM) systems.

    Collins   intends  to  continue  to  improve  its   manufacturing
    facilities  from time-to-time through the selective upgrading  of
    equipment  and  the  mechanization or automation  of  appropriate
    portions  of the manufacturing process.  Management believes  the
    Company's manufacturing facilities are in good condition and  are
    adequate for the purposes for which they currently are used.  The
    capacity  of  the  Company's current facilities, particularly  if
    operated  on  a multiple shift basis, is considered  adequate  to
    meet current needs and anticipated sales volumes.

    New Products

    The  Company  is not presently engaged in activities which  would
    require  a significant amount of expenditures or use of  material
    amounts  of  assets for development of products in  the  planning
    stage or otherwise for the foreseeable future.

    Suppliers

    In  order  to  ensure that it has a readily available  supply  of
    chassis for ambulance and bus production, the Company has entered
    into  consignment  agreements  with  General  Motors  Corporation
    ("GMC") and Ford Motor Company ("Ford").  Under those agreements,
    chassis  are kept at Company production facilities at no cost  to
    the Company other than chassis storage costs.  When an individual
    chassis  is selected from the Company's consignment pool for  use
    in vehicle production, title to the chassis passes to the Company
    and  the Company becomes liable to the consignor for the cost  of
    the  chassis.   Chassis  currently in the  consignment  pool  are
    supplied  by Ford and GMC.  While an interruption in supply  from
    one  source  may  cause a temporary slowdown in  production,  the
    Company believes that it could obtain adequate numbers of chassis
    from alternate sources of supply.

    The  Company uses substantial amounts of steel in the  production
    of  its terminal truck products and purchases certain other major
    components (primarily engines, transmissions and axles).  Collins
    also  uses large amounts of aluminum, steel, fiberglass and glass
    in  the production of ambulances and buses.  There is substantial
    competition among suppliers of such raw materials and components,
    and  the Company does not believe that a loss of a single  source
    of supply would have a material adverse effect on its business.

    Patents, Trademarks and Licenses

    The Company owns federal registrations for most of the trademarks
    which  it uses on its products. The Company also owns patents  on
    its  bus  body design, ambulance design, Dura-Ride air suspension
    system,  ambulance  warning light system  and  air-activated  bus
    door.  The Company believes that its patents are helpful, because
    they  may force competitors to do more extensive design  work  to
    produce  a  competitive product.  The Company believes  that  its
    production  techniques  and skills are as  important  as  product
    design,  and,  therefore, in management's opinion,  any  lack  of
    patent  protection  would  not  adversely  affect  the  Company's
    business.

    Seasonality of Business

    Historically a major portion of the Company's net income has been
    earned  in the second and third fiscal quarters ending  April  30
    and  July  31, respectively.  The purchasing patterns  of  school
    districts are typically strongest in the spring and summer months
    which accounts for typically stronger sales of small school buses
    in  the  quarters  ending April 30 and July 31.   Generally,  the
    Company's  sales tend to be lower in the fall and  winter  months
    due  to  the  purchasing patterns of the Company's  customers  in
    general and purchasing activities are normally lower near the end
    of the calendar year.

    Sales Terms

    The  Company produces the majority of its products on  an  order-
    only  basis.   Most  products  are delivered  on  a  cash  basis.
    Products sold on a direct basis (not through dealers) are sold on
    trade  terms  common to the respective industry.  Finished  goods
    that  are  reflected  on the financial statements  are  generally
    completed units that are ready for customer delivery.   Sales  to
    dealers  have generally been financed through an unrelated  third
    party for the dealers, resulting in payment generally within days
    of the sale.

    Customer Concentration

    The  Company  has  no single customer whose  loss  would  have  a
    material adverse effect on the Company as a whole.

    Sales Backlog

    The  sales  backlog  at October 31, 1999 was approximately  $59.6
    million.  This compares to $33.6 million at October 31, 1998.  In
    the  opinion  of management, the majority of this  sales  backlog
    will be shipped during the coming year.

    Governmental Sales

    The   Company   has  pursued,  and  will  continue   to   pursue,
    opportunities  in  government sales as they  occur.  No  material
    portion  of  the  Company's  business,  however,  is  subject  to
    renegotiation   of  profits  or  termination  of   contracts   or
    subcontracts at the election of the government.

    Marketing and Distribution

    The  Company, through its wholly owned subsidiaries, markets  its
    products  throughout the U.S. and, to a limited  extent,  abroad,
    through   independent  dealers  and  distributors,  Company-owned
    stores  and the direct sales efforts of Company personnel.   Each
    of  the  Company's  product groups is  responsible  for  its  own
    marketing activities and maintains independent relationships with
    dealers  and  distributors.  Support is provided to  dealers  and
    distributors  in  bidding  specification  writing  and   customer
    service.

    The  Company regularly advertises in consumer and trade magazines
    and  other  print  media and actively participates  in  national,
    regional   and   local   trade  shows.   In   addition,   Company
    representatives  attend  a  number of  national  conventions  and
    regional meetings of important constituent groups such as  school
    boards and emergency medical groups.

    Competition

    The  markets  for most of the Company's product  lines  are  very
    competitive,  and  the  Company  currently  has  several   direct
    competitors in most markets.  Some of these competitors may  have
    greater  relative resources.  The Company believes it can compete
    successfully  (i)  in the ambulance market on the  basis  of  the
    quality  and  price of its products, its design  engineering  and
    product  innovation capabilities and the strength of the  Wheeled
    Coach  brand  name, (ii) in the small school bus  market  on  the
    basis  of its product price and quality and favorable recognition
    of  its  Collins  Bus and Mid Bus brand names and  (iii)  in  the
    commercial bus market on the basis of its various product models,
    product quality, price and distribution network.

    In the terminal truck market, the Company competes primarily with
    one  larger domestic competitor, Ottawa Truck which is  owned  by
    Kalmar Industries. Kalmar has international distribution channels
    and  may  have greater relative resources than the Company.   The
    Company  believes it can compete successfully in this  market  on
    the  basis of its Capacity brand name, price, product quality and
    customer demand for its exclusive Dura-Ride suspension system.

    Research and Development Costs

                                             1999        1998         1997
    Research and Development Expenses     $154,688     $185,982     $162,002

    This table cites the level of research and development costs  the
    Company incurred the past three fiscal years.  It should be noted
    the Company does significant research and development work on the
    production  line and, therefore, the major costs of new  programs
    are recorded as cost of sales and are expensed as prototypes.

    Regulation

    The  Company  is  subject to various laws  and  regulations  with
    respect to employees' health and safety and the protection of the
    environment.  In addition, all of the Company's on-road  vehicles
    must  satisfy  certain  standards  applicable  to  such  vehicles
    established  by  the United States Department of  Transportation.
    Certain   of   its  products  must  also  satisfy  specifications
    established   by  other  federal,  state  and  local   regulatory
    agencies,   primarily   dealing  with  safety   and   performance
    standards.  In management's opinion, the Company and its products
    are  in  compliance in all material respects with all  applicable
    governmental  regulations.   A substantial  change  in  any  such
    regulation could have a significant impact on the business of the
    Company.

    Employees

    The  Company  employs  approximately  1,000  persons  full  time,
    including officers and administrative personnel.  The Company has
    not  experienced  any  strikes or work  stoppages  due  to  labor
    problems  and  considers its relations with its employees  to  be
    satisfactory.

    Export Sales

    See "Note 7 to the Consolidated Financial Statements".

    Item 2.  PROPERTIES

    The  following table sets forth certain information with  respect
    to  the  Company's  manufacturing  and  office  facilities.   The
    Company owns all properties listed below in fee simple, except as
    otherwise noted.

                                                                   Approximate
    Location                      Use                             Size (sq ft)

    Hutchinson, Kansas            Corporate headquarters                5,000
    Hutchinson, Kansas            Ambulance production; Wheelchair    216,000
                                  lifts and accessories production;
                                  Office space
    So Hutchinson, Kansas(1),(2)  Small school bus and commercial     247,000
                                  bus production; Office space
    Orlando, Florida (1)          Ambulance production; Office space  309,000
    Longview,  Texas  (3)         Terminal truck production; Chassis  150,000
                                  production; Office space
    Mansfield, Texas (1)          Ambulance sales, service and         25,000
                                  distribution center
    Bluffton, Ohio (4)            Small school bus and commercial     186,000
                                  bus production; Office space
    ___________________
    (1)  This property is pledged as collateral to secure payment of
         the Company's debt obligations. See "Note 2 to Consolidated Financial
         Statements."
    (2)  This facility and certain related equipment are financed by
         industrial revenue bonds in the original principal amounts of
         $1,250,000 in 1999 and $3,500,000 in 1998 issued by the city of South
         Hutchinson under lease purchase agreements.
    (3)  This facility and certain related equipment are financed by
         industrial revenue bonds in the original principal amount of
         $4,200,000 in 1999 issued by the Longview Industrial Corporation,
         Longview, Texas.
    (4)  This property is leased until December 31, 2004, with an
         option to renew for two additional five year terms or purchase
         after January 1, 2001.

    The Company leases several facilities throughout the U.S. for the
    sale and distribution of ambulances.   Although  the  Company evaluates
    opportunities  to acquire additional properties at favorable prices as
    they  arise, it  believes that its facilities are well maintained and
    will be adequate  to serve its needs in the foreseeable future.   Several
    Company facilities have room to expand in existing buildings  and
    others   have  land  upon  which  additional  buildings  can   be
    constructed.

    Item 3.  LEGAL PROCEEDINGS

    There  are  no  material  pending legal proceedings,  other  than
    ordinary routine litigation incidental to the business, to  which
    the  Company  is  a  party or of which any  of  its  property  is
    subject.

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

    The Company did not submit any matter to a vote of security
    holders during the fourth quarter of the fiscal year ended
    October 31, 1999.

                                    PART II

    Item 5.  MARKET FOR THE REGISTRANT'S COMMON STOCK AND RELATED
             STOCKHOLDER MATTERS

    Collins  Industries, Inc. common stock is quoted  on  the  Nasdaq
    Stock  Market  under the symbol COLL.  The following  table  sets
    forth the high and low sales prices per share of the common stock
    as  reported  by  the Nasdaq Stock Market.  The Company's  common
    stock had 594 shareholders of record at October 31, 1999.

                                  FISCAL 1999

                                                    Volume
                 Quarter      High        Low       (000s)
                 First        4-5/8      3-5/16      546
                 Second       5-1/4      3-3/4       544
                 Third        6-7/8        4         710
                 Fourth       7-3/16     4-1/2       918

                                  FISCAL 1998

                                                     Volume
                 Quarter      High        Low        (000s)
                 First        7-3/4      6-1/4        382
                 Second        7         5-3/4        857
                 Third         6         4-1/4        710
                 Fourth       5-5/32     2-7/8        564

    During  the  period covered by this Report, the Company  did  not
    sell  any  equity securities that were not registered  under  the
    Securities Act.

    Item 6.  SELECTED FINANCIAL DATA
    Operating History
    (In thousands except share and per-share data)

    Fiscal years ended
    October 31,                 1999(a)    1998      1997      1996      1995

    Sales                      $196,398  $156,445  $157,522  $151,879  $140,725
    Cost of sales               165,978   134,427   131,807   129,652   123,911
    Gross profit                 30,420    22,018    25,715    22,227    16,814
    Selling, general and
     administrative
     (includes research &
      development)               20,046    16,124    15,379    15,236    13,925
    Income from operations       10,373     5,894    10,336     6,991     2,889
    Other income (expenses):
    Interest, net                (1,820)   (1,400)   (1,643)   (2,241)   (2,783)
    Other, net                      316       243       150       262       (27)
    Income from continuing
     operations before
     provision for income taxes
     and extraordinary items      8,870     4,737     8,843     5,012        79
    Provision for income taxes    3,460     1,710     1,600         -         -
    Income before extraordinary
     items                        5,410     3,027     7,243     5,012        79
    Extraordinary items               -         -         -         -      (420)
    Net income (loss)            $5,410    $3,027    $7,243    $5,012   $  (341)
    Earnings (loss) per share-diluted:
     Income before extraordinary
      items                      $  .72    $  .39    $  .94    $  .66   $   .01
     Extraordinary items              -         -         -         -      (.06)
     Net income (loss)              .72       .39       .94       .66      (.05)
    Dividends per share          $  .10    $  .23    $ .075    $    -   $     -
    Weighted average shares
     outstanding - diluted    7,551,247 7,685,267 7,711,221 7,621,403 7,240,926
    Depreciation and
     amortization                $2,568    $1,795    $1,782    $2,128    $3,040
          (a)  1999 includes results from Mid Bus acquisition.

    Financial Position
    (In thousands except share and per-share data)

    Fiscal years ended
    October 31,               1999       1998       1997       1996       1995

    Current assets         $ 42,803   $ 31,747   $ 34,002   $ 32,640   $ 32,086
    Current liabilities      26,658     16,072     18,959     18,436     18,670
    Working capital          16,145     15,675     15,043     14,204     13,416
    Total assets             66,421     49,076     47,163     45,744     46,881
    Long-term debt and
     capitalized leases
     (less current
      maturities)            15,803     12,733      8,362     13,418     19,406
    Shareholders' investment 23,960     20,271     19,842     13,891      8,805
    Book value per share       3.21       2.73       2.69       1.91       1.21

    Financial Comparisons

    Fiscal years ended
    October 31,                1999     1998     1997     1996     1995

    Gross profit margin       15.5%     14.0%    16.3%    14.6%    11.9%
    Net profit margin          2.8%      1.9%     4.6%     3.3%      NA
    Selling, general and
     administrative
     (including R&D) as
      percent of sales        10.2%     10.3%     9.8%    10.0%     9.9%
    Current ratio             1.6:1     2.0:1    1.8:1    1.8:1    1.7:1
    Long-term debt and
     capitalized leases
     to shareholders'
     investment               0.7:1     0.6:1    0.4:1    1.0:1    2.2:1
    Manufacturing space
     (000's square feet)      1,014       988      898      898      978

    Item 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
             CONDITION AND RESULTS OF OPERATIONS

    The  following discussion and analysis provides information which
    management   believes   is  relevant   to   an   assessment   and
    understanding of the Company's consolidated results of operations
    and  financial  condition.   The discussion  should  be  read  in
    conjunction with the consolidated financial statements and  notes
    thereto.

    RESULTS OF OPERATIONS

    Fiscal  1999  Compared  to Fiscal 1998.  Sales  for  fiscal  1999
    increased  25.5% to $196.4 million compared to $156.4 million  in
    fiscal  1998.   This increase was principally  due  to  increased
    sales  of bus and ambulances products. The sales increase in  bus
    products  principally resulted from the impact  of  nonconforming
    vans  being  replaced  with small Type A  school  buses  and  the
    acquisition of Mid Bus, Inc. in December, 1998.

    At  October  31, 1999, the Company's consolidated  sales  backlog
    increased  77%  to  $59.6 million compared to  $33.6  million  at
    October  31,  1998. This increase was across all  product  lines.
    Including  the  Mid Bus acquisition, the backlog of  bus  product
    lines increased by 33%, ambulances by 131% and terminal trucks by
    53%.   The   significant  increase  in  backlog  is   principally
    attributable  to additional sales and marketing expenditures  and
    higher market demand related to the replacement of non-conforming
    vans.   The Company believes a majority of its consolidated sales
    backlog will be shipped in fiscal 2000.

    Cost  of  sales  for fiscal 1999 was 84.5% of sales  compared  to
    85.9%  of  sales  in  fiscal 1998.  The percentage  decrease  was
    principally  due to increased efficiencies in labor and  material
    usage  achieved  from  mechanization,  partially  offset  by   an
    increase in manufacturing overhead.

    Selling, general and administrative expenses for fiscal 1999 were
    flat at $19.9 million or 10.1% of sales compared to $15.9 million
    or 10.2% of sales in fiscal 1998.

    Interest   expense  increased  principally  due   to   additional
    borrowings  from  the  Company's lead bank  and  from  additional
    Industrial Revenue Bond (IRB) debt which was principally used  to
    fund the acquisition of Mid Bus, Inc. and capital expenditures.

    Income  tax expense in fiscal 1999 was $3.5 million.  Income  tax
    expense  as a percentage of pretax income was 39% in fiscal  1999
    compared to 36% in fiscal 1998.  Income tax expense as a  percent
    of  pretax  income  increased principally as a result  of  higher
    state taxes resulting from the Mid Bus acquisition.

    The Company's net income in fiscal 1999 increased to $5.4 million
    ($.72 per share-diluted) compared to $3.0 million ($.39 per share-
    diluted)   in   fiscal  1998.   This  increase  was   principally
    attributable  to  stronger operating results  from  bus  products
    including  those  of the newly acquired Mid Bus, Inc.,  partially
    offset by higher tax rates and lower profit on ambulances.

    Fiscal  1998  Compared  to Fiscal 1997.  Sales  for  fiscal  1998
    decreased  slightly to $156.4 million compared to $157.5  million
    in fiscal 1997.  This decrease was principally due to lower sales
    of  ambulances  and terminal trucks and was partially  offset  by
    higher sales of bus products.

    At October 31, 1998, the Company's consolidated sales backlog was
    $33.6 million compared to $45.5 million at October 31, 1997.

    Cost  of  sales  for fiscal 1998 was 86.0% of sales  compared  to
    83.7%  of  sales  in  fiscal 1997.  The percentage  increase  was
    principally  due  to the impact of higher program  discounts  and
    sales incentives in fiscal 1998 on closing out 1997 models,  wage
    increases  in fiscal 1998 at rates higher than inflation  due  to
    work force shortages in all geographic areas, and a one-time $1.2
    million gain from the sale of the Company's UVLr product line  in
    fiscal 1997 which was recorded as a reduction of cost of sales.

    Selling, general and administrative expenses for fiscal 1998 were
    $15.9 million or 10.2% of sales compared to $15.2 million or 9.6%
    of  sales  in fiscal 1997.  These increases principally  resulted
    from  higher  marketing  expenses associated  with  direct  sales
    personnel and advertising.

    Interest  expense  decreased principally due  to  negotiation  of
    lower interest rates with the Company's lead bank.  This decrease
    was  partially offset by additional borrowings from the Company's
    lead  bank  and  from additional IRB debt which were  principally
    used to fund capital expenditures.

    Income  tax expense in fiscal 1998 was $1.7 million.  Income  tax
    expense  as a percentage of pretax income was 36% in fiscal  1998
    compared to 18% in fiscal 1997.  Income tax expense as a  percent
    of  pretax  income  increased principally  as  a  result  of  the
    utilization  of  net  operating loss  carryforwards  and  general
    business  tax  credits in fiscal 1997.  All  net  operating  loss
    carryforwards  and business tax credits were utilized  in  fiscal
    1997.

    The Company's net income in fiscal 1998 decreased to $3.0 million
    ($.39 per share-diluted) compared to $7.2 million ($.94 per share-
    diluted) in fiscal 1997.  This decrease principally resulted from
    profit  declines  from  ambulance and  terminal  truck  products,
    higher  income taxes and the one-time gain from the sale  of  the
    UVL  product line recorded in fiscal 1997.  These decreases were
    partially offset by higher profit contributions from bus products
    and lower interest costs.

    LIQUIDITY AND CAPITAL RESOURCES

    Historically,  the Company has principally relied  on  internally
    generated   funds,  supplier  financing,  bank   borrowings   and
    industrial  revenue bonds to finance its operations  and  capital
    expenditures.   The  Company's working capital requirements  vary
    from  period  to period depending on the production  volume,  the
    timing of vehicle deliveries and the payment terms offered to its
    customers.

    Cash  provided  by operations was $10.2 million  in  fiscal  1999
    compared  to $4.1 million in fiscal 1998.  Principal  sources  of
    the  1999  cash provided by operations were from Company  profits
    and   increases  in  accounts  payable,  reductions  of  accounts
    receivable  and  accrued expenses.  These sources  of  cash  from
    operations were offset by increase in inventories.

    Cash  provided  by  operations was $4.1 million  in  fiscal  1998
    compared  to $8.1 million in fiscal 1997.  Principal  sources  of
    the  1998  cash provided by operations were from Company  profits
    and  reductions of accounts receivable, inventories  and  prepaid
    expenses.   These sources of cash from operations were offset  by
    reductions in accounts payable and accrued expenses.

    Cash  provided  by  operations was $8.1 million  in  fiscal  1997
    compared to $5.8 million in fiscal 1996.  Primary sources of  the
    1997  cash  provided  by  operations  related  to  the  Company's
    improved  profit  levels and reductions in  accounts  receivable.
    The  sources  of  cash from operations were partially  offset  by
    increased  income taxes paid and increases in inventories  and  a
    prepaid expense.

    Cash used in investing activities was $7.6 million in fiscal 1999
    compared  to  $5.8 million in fiscal 1998.  In  fiscal  1999  the
    principal  use  of  cash  for  investing  purposes  was  for  the
    acquisition  of Mid Bus, Inc.,  and capital expenditures  related
    to  the  Company's  expansion  of  its  bus  and  terminal  truck
    production facilities. Cash used in investing activities was $5.8
    million  in fiscal 1998 compared to $1.8 million in fiscal  1997.
    In  fiscal 1998 the principal use of cash for investing  purposes
    was   for   the  acquisition  of  new  property  and   equipment.
    Approximately  $3.8  million of fiscal 1998 capital  expenditures
    related   to  the  Company's  expansion  of  its  bus  production
    facilities. Cash used in investing activities was $1.8 million in
    fiscal  1997 compared to $.3 million in fiscal 1996.   In  fiscal
    1997  the principal use of cash for investing activities  related
    to  the  acquisition of property and equipment and certain  other
    assets.

    Cash used in financing activities was $2.4 million in fiscal 1999
    compared to cash provided by financing activities of $1.7 million
    in fiscal 1998.  In fiscal 1999, the Company made additional long-
    term borrowings of $5.6 million and used cash of $6.1 million  to
    reduce  other long-term debt, $1.2 million to purchase and retire
    common  stock  and  $.7  million to  pay  cash  dividends.   Cash
    provided by financing activities was $1.7 million in fiscal  1998
    compared to cash used in financing activities of $6.4 million  in
    fiscal  1997.  In fiscal 1998, the Company made additional  long-
    term borrowings of $6.4 million and used cash of $2.2 million  to
    reduce  other long-term debt, $.9 million to purchase and  retire
    common stock and $1.7 million to pay cash dividends.   Cash  used
    in  financing activities was $6.4 million in fiscal 1997 compared
    to  $6.0 million in fiscal 1996.  In fiscal 1997 the Company used
    cash  to  reduce  its long-term borrowings by  $5.1  million,  to
    purchase  and retire common stock of $.8 million and to pay  cash
    dividends totaling $.6 million.

    The  Company believes that its cash flows from operations and its
    credit  facility with its lead bank will be sufficient to satisfy
    its  future working capital, capital expenditure requirements and
    anticipated dividends.

    At  October  31,  1999  there  were  no  significant  or  unusual
    contractual commitments or capital expenditure commitments.

    On December 1, 1998, the Company completed the purchase of all of
    the common stock of Mid Bus, Inc., a manufacturer of Type A-I and
    A-II  school buses.  The purchase was financed through borrowings
    on the Company's revolving credit facility.

    Recently Issued Accounting Standards

    Statement  of  Financial  Account  Standards  (SFAS)   No.   133,
    "Accounting  for Derivative Investments  and Hedging  Activities"
    as  amended  by  (SFAS) No. 137, are effective for the  Company's
    2001   fiscal   year   and,  based  on  the   companies   current
    understanding, are not expected to have a material effect on  the
    Company's financial position or results of operations.

    Year 2000 Issue

    The  Year  2000 ("Y2K") issue is the result of computer  programs
    being  written  using two digits rather than four to  define  the
    applicable  year.   Computer equipment and software  and  devices
    with imbedded technology that are time-sensitive may recognize  a
    date using "00" as the year 1900 rather than the year 2000.  This
    could  result  in  a  system failure or  miscalculations  causing
    disruptions  of  operations, including,  among  other  things,  a
    temporary  inability to process transactions, send  invoices,  or
    engage in similar normal business activities.

    The  Company has implemented a plan intended to ensure  that  its
    computer  equipment  and  software will  function  properly  with
    respect  to  dates  in  the year 2000 and thereafter.   For  this
    purpose,  the  term  "computer equipment and  software"  includes
    systems  that  are commonly thought of as information  technology
    ("IT")   systems,  including  accounting,  data  processing   and
    telephone/PBX  systems, hand-held terminals, scanning  equipment,
    and  other miscellaneous systems, as well as systems that are not
    commonly  thought  of as IT systems, such as alarm  systems,  fax
    machines,  or  other miscellaneous systems.  Both IT  and  non-IT
    systems  may  contain imbedded technology, which complicates  the
    Company's   Y2K  identification,  assessment,  remediation,   and
    testing efforts.  A substantial portion of the Company's software
    relates  to prepackaged, copyrighted software written by Mapicsr,
    Actionware  and  American  Viking.   The  Company   has   fully
    converted  to Y2K compliant versions of these software  packages.
    Additionally,  in  the  ordinary  course  of  replacing  computer
    equipment   and   software,  the  Company  attempts   to   obtain
    replacements that are Y2K compliant.  The Company is not aware of
    any Y2K failure of its computer equipment and software that would
    have  a  maerial  impact  on the Company,  and  believes  that  a
    contingency plan is unnecessary.

    Significant suppliers have implemented plans to help  ensure  the
    uninterrupted  supply  of  goods to  their  customers,  and  have
    undertaken  efforts  to  evaluate the status  of  products  using
    embedded technology.

    The  cost  of the Y2K issue is not expected to have a  materially
    adverse impact on the Company's results of operation or adversely
    affect  the  Company's relationships with customers,  vendors  or
    others.  However, until the further passage of time, there can be
    no  assurance that the Y2K issues of other entities will not have
    a material adverse impact on the Company results of operations.

    Cautionary Statement Regarding Risks and Uncertainties  That  May
     Affect Future Results

    This  annual report and other written reports and oral statements
    made  from  time  to  time by the Company may  contain  so-called
    "forward-looking   statements"  about  the  business,   financial
    conditions, prospects of the Company and year 2000 issues, all of
    which  are subject to risks and uncertainties.  One can  identify
    these  forward-looking statements by their use of words  such  as
    "expects", "plans", "will", "estimates", "forecasts", "projects",
    and  other words of similar meaning.  One can also identify  them
    by  the  fact  that they do not relate strictly to historical  or
    current facts.  One should understand that it is not possible  to
    predict   or  identify  all  factors  which  involve  risks   and
    uncertainties.  Consequently, the reader should not consider  any
    such  list or listing to be a complete statement of all potential
    risks or uncertainties.

    No  forward-looking statement can be guaranteed and actual future
    results  may vary materially.  The actual results of the  Company
    could  differ  materially from those indicated  by  the  forward-
    looking  statements  because of various risks  and  uncertainties
    including  without  limitation, changes in  product  demand,  the
    availability  of  vehicle chassis, adequate direct  labor  pools,
    changes  in  competition, interest rate fluctuations, development
    of new products, various inventory risks due to changes in market
    conditions,  changes  in  tax and other  governmental  rules  and
    regulations applicable to the Company, substantial dependence  on
    third   parties  for  product  quality,  reliability  and  timely
    fulfillment of orders and other risks indicated in the  Company's
    filings with the Securities and Exchange Commission.

    The Company does not assume the obligation to update any forward-
    looking statement.  One should carefully evaluate such statements
    in  light of factors described in the Company's filings with  the
    Securities and Exchange Commission, especially on Forms 10-K, 10-
    Q and 8-K (if any).

    Quantitative and Qualitative Disclosures About Market Risk

    The  Company is exposed to market risk relating to interest rates
    on  its  fixed rate debt.  Interest rate risk is not material  to
    the  Company's  consolidated financial  position  or  results  of
    operations.

    Item 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

    Collins Industries, Inc. and Subsidiaries
    CONSOLIDATED STATEMENTS OF INCOME
    For  the years ended October 31,

                                       1999           1998           1997

    Sales                          $196,398,056   $156,445,451   $157,522,016
    Cost of sales                   165,978,436    134,427,383    131,807,121
         Gross profit                30,419,620     22,018,095     25,714,895
    Selling, general and
     administrative expenses         19,891,803     15,937,649     15,216,609
    Research and development
     expenses                           154,688        185,982        162,002

         Income from operations      10,373,129      5,894,437      10,336,284


    Other income (expense):
       Interest, net                 (1,819,986)    (1,399,984)     (1,642,573)
       Other, net                       316,358        242,647         149,505

                                     (1,503,628)    (1,157,337)     (1,493,068)

        Income before provision
         for income taxes             8,869,501      4,737,100       8,843,216

    Provision for income taxes        3,460,000      1,710,000       1,600,000

        Net income                  $ 5,409,501    $ 3,027,100     $ 7,243,216


    Earnings per share
       Basic                        $       .74    $       .40     $       .99

       Diluted                      $       .72    $       .39     $       .94

    Dividends per share             $       .10    $       .23     $      .075


    The accompanying notes are an integral part of these consolidated
    statements.

    Collins Industries, Inc. and Subsidiaries
    CONSOLIDATED BALANCE SHEETS
    October 31,

                    ASSETS                          1999            1998
    Current assets:
      Cash                                      $   344,948     $   143,995
      Receivables                                 5,146,834       5,346,051
      Inventories                                36,218,152      25,271,242
      Prepaid expenses and other current
       assets                                     1,092,872         985,420
          Total current assets                   42,802,806      31,746,708

    Property and equipment, at cost:
      Land and improvements                       2,812,804       2,538,457
      Buildings and improvements                 17,337,826      17,466,615
      Machinery and equipment                    17,380,252      14,498,992
      Office furniture and fixtures               3,704,020       3,279,853
                                                 41,234,902      37,783,917
      Less - accumulated depreciation            22,895,341      21,038,717
                                                 18,339,561      16,745,200
    Other assets                                  5,279,028         584,141
                                                $66,421,395     $49,076,049


         LIABILITIES & SHAREHOLDERS' INVESTMENT
    Current liabilities:
      Current maturities of long-term debt
       and capitalized leases                    $ 1,460,113    $ 1,108,750
      Accounts payable                            19,321,738     12,017,444
      Accrued expenses                             5,875,654      2,946,167
          Total current liabilities               26,657,505     16,072,361

    Long-term debt and capitalized leases         15,803,399     12,733,085

    Commitments and contingencies

    Shareholders' investment:
      Preferred stock, $.10 par value
        Authorized - 750,000 shares
        Outstanding - No shares outstanding
      Capital stock, $.10 par value
        Authorized - 3,000,000 shares
        Outstanding - No shares outstanding
      Common stock, $.10 par value
        Authorized - 17,000,000 shares
         Issued - 7,465,406 shares in 1999;
          and 7,430,881 in 1998                       746,541       743,088
      Paid-in capital                              18,094,900    18,051,859
      Deferred compensation                        (1,033,521)            -
      Retained earnings                             6,152,571     1,475,656

          Total shareholders' investment           23,960,491    20,270,603

                                                  $66,421,395   $49,076,049

    The accompanying notes are an integral part of these consolidated
    balance sheets.

    Collins Industries, Inc. and Subsidiaries
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    For the years ended October 31,

                                          1999           1998          1997
    Cash flow from operations:
     Cash received from customers  $ 197,889,320  $ 157,845,373  $ 159,086,052
     Cash paid to suppliers and
      employees                     (183,319,810)  (150,697,953)  (147,534,561)
    Interest paid, net                (1,813,342)    (1,456,095)    (1,759,087)
    Income taxes paid                 (2,561,370)    (1,628,444)    (1,650,700)
      Cash provided by operations     10,194,798      4,062,881      8,141,704

    Cash flow from investing activities:
     Capital expenditures and
      acquisition                     (7,939,070)    (5,958,283)    (1,731,543)
     Proceeds from sale of
      property and equipment             994,263        478,150         16,500
     Expenditures for other assets      (643,526)      (284,849)       (97,995)
      Cash used in investing
       activities                     (7,588,333)    (5,764,982)    (1,813,038)

    Cash flow from financing activities:
     Principal payments of long-term
      debt and capitalized leases     (6,121,542)    (2,168,041)    (5,087,017)
     Addition to long-term debt
      and capitalized leases           5,603,872      6,423,421              -
     Purchase of common stock and
      other capital transactions      (1,155,256)      (862,525)      (754,230)
     Payment of dividends               (732,586)    (1,735,911)      (553,672)
       Cash provided by (used in)
        financing activities          (2,405,512)     1,656,944     (6,394,919)

    Net increase (decrease) in
     cash                                200,953        (45,157)       (66,253)
    Cash at beginning of year            143,995        189,152        255,405

    Cash at end of year            $     344,948  $     143,995  $     189,152


    Reconciliation of net income to net
    Cash provided by operations:
      Net income                   $   5,409,501  $   3,027,100  $   7,243,216
      Depreciation and
       amortization                    2,567,718      1,795,336      1,781,740
    Changes in assets net of Mid
     Bus acquisition
      Decrease in receivables          1,491,264      1,399,922      1,564,036
      Decrease (increase) in
       inventories                    (5,924,122)       414,780     (2,070,863)
      Decrease (increase) in
       prepaid expenses                  (76,850)       395,578       (921,723)
      Increase (decrease) in
       accounts payable                5,735,682     (2,183,531)       471,931
      Increase (decrease) in
       accrued expenses                1,077,970       (717,215)        82,651
      Gain on sale of property
       and equipment                     (86,365)       (69,089)        (9,284)
         Cash provided by
          operations               $  10,194,798  $   4,062,881  $   8,141,704

    The accompanying notes are an integral part of these consolidated
    statements.

    Collins Industries, Inc. and Subsidiaries
    CONSOLIDATED STATEMENTS OF SHAREHOLDERS' INVESTMENT
    For the years ended October 31,


                                        Common Stock             Paid-In
                                     Shares      Amount          Capital
    Balance October 31, 1996       7,274,110   $727,411        $19,701,491

    Stock issued under Stock
     Option Plans                    275,196     27,520            (86,097)
    Amortization of deferred
     Compensation                          -          -             15,799
    Net income                             -          -                  -
    Cash dividends paid                    -          -                  -
    Purchase and retirement
     of treasury stock              (163,625)   (16,363)          (934,825)
    Tax benefit from exercise of
     Stock options                         -          -            222,535

    Balance October 31, 1997       7,385,681    738,568         18,918,903

    Stock issued under Stock
     Option Plans                    228,500     22,850             75,028
    Net income                             -          -                  -
    Cash dividends paid                    -          -                  -
    Purchase and retirement of
     treasury stock                 (183,300)   (18,330)          (955,729)
    Tax benefit from exercise of
     Stock options                         -          -             13,657

    Balance October 31, 1998       7,430,881   $743,088        $18,051,859

    Stock issued under Stock
     Option Plans                     26,320      2,632             90,138
    Issuance of restricted
     stock awards                    253,000     25,300          1,176,450
    Amortization of restricted
     stock awards                          -          -                  -
    Net income                             -          -                  -
    Cash dividends paid                    -          -                  -
    Purchase and retirement of
     treasury stock                 (244,795)   (24,479)        (1,236,465)
    Tax benefit from exercise of
     stock options                         -          -             12,918

    Balance October 31, 1999       7,465,406   $746,541        $18,094,900

    Collins Industries, Inc. and Subsidiaries
    CONSOLIDATED STATEMENTS OF SHAREHOLDERS' INVESTMENT - CON'T
    For the years ended October 31,

                                              Retained
                                              Earnings            Deferred
                                              (Deficit)         Compensation
    Balance October 31, 1996                $(6,505,077)                 -

    Stock issued under Stock
     Option Plans                                     -                  -
    Amortization of deferred
     Compensation                                     -                  -
    Net income                                7,243,216                  -
    Cash dividens paid                         (553,672)                 -
    Purchase and retirement
     of treasury stock                                -                  -
    Tax benefit from exercise of
     Stock options                                    -                  -

    Balance October 31, 1997                    184,467                  -

    Stock issued under Stock
     Option Plans                                     -                  -
    Net income                                3,027,100                  -
    Cash dividends paid                      (1,735,911)                 -
    Purchase and retirement of
     treasury stock                                   -                  -
    Tax benefit from exercise of
     Stock options                                    -                  -

    Balance October 31, 1998                 $1,475,656                  -

    Stock issued under Stock
     Options Plans                                    -                  -
    Issuance of restricted
     stock awards                                     -         (1,201,750)
    Amortization of restricted
     stock awards                                     -            168,229
    Net income                                5,409,501                  -
    Cash dividends paid                        (732,586)                 -
    Purchase and retirement of
     treasury stock                                   -                  -
    Tax benefit from exercise of
     stock options                                    -                  -

    Balance October 31, 1999                 $6,152,571        ($1,033,521)

    The accompanying notes are an integral part of these consolidated
    statements.

    Collins Industries, Inc. and Subsidiaries
    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
    For the three years ended October 31, 1999

    (1)  Summary of Significant Accounting Policies

    (a)   Consolidation  and Operations - The consolidated  financial
    statements include the accounts of Collins Industries, Inc.  (the
    Company)  and  its  wholly owned subsidiaries.   All  significant
    intercompany  accounts and transactions have been  eliminated  in
    consolidation.

    The Company primarily operates in the bus, ambulance and terminal
    truck  segments.  Manufacturing activities are carried on  solely
    in  the  United  States.  However, the Company  does  market  its
    products in other countries.  Revenues derived from export  sales
    to  unaffiliated  customers were less than  10%  of  consolidated
    sales in fiscal 1999, 1998, and 1997.

    (b)   Cash and Cash Management -  Cash includes checking accounts
    and  funds  invested in overnight and other short-term, interest-
    bearing accounts of three months or less.

    The  Company maintains controlled disbursement accounts with  its
    lead  bank  under  an arrangement whereby all cash  receipts  and
    checks  are  centralized and presented to the  bank  daily.   All
    deposits  are  applied directly against the  Company's  revolving
    credit  line  and  all  checks  presented  for  payment  in   the
    controlled  disbursement accounts are funded  through  borrowings
    under  the  Company's revolving credit facility.  At October  31,
    1999  and 1998 accounts payable included outstanding checks drawn
    on controlled disbursement accounts of $4,302,671 and $3,122,255,
    respectively.

    (c)   Inventories -  Inventories are stated at the lower of  cost
    (first-in,  first-out) or market.  Major classes  of  inventories
    which   include  material,  labor,  and  manufacturing   overhead
    required  in  production  of Company products  consisted  of  the
    following as of October 31, 1999 and 1998:

                                       1999           1998
    Chassis                        $ 9,969,754    $ 7,916,058
    Raw materials & componenst      11,066,127      8,871,980
    Work-in-process                  5,329,627      3,408,167
    Finished goods                   9,852,644      5,075,037
                                   $36,218,152    $25,271,242

    (d)   Depreciation  and Maintenance -  Depreciation  is  provided
    using  the straight-line method for financial reporting  purposes
    and  accelerated methods for income tax purposes.  The  estimated
    useful lives of property are as follows:

       Land improvements               10 to 20 years
       Buildings and improvements      10 to 30 years
       Machinery and equipment          3 to 15 years
       Office furniture and fixtures    3 to 10 years
       Goodwill                        20 years

    Maintenance and repairs are charged to expense as incurred.   The
    cost of additions and betterments are capitalized.  The cost  and
    related depreciation of property retired or sold are removed from
    the  applicable  accounts and any gain  or  loss  is  taken  into
    income.

    (e)   Goodwill - Other assets include goodwill of $3.6 million in
    fiscal 1999, and $0 in 1998.

    (f)   Revenue Recognition - The Company records vehicle sales  at
    the  earlier  of  completion of the vehicle and receipt  of  full
    payment  or shipment or delivery to the customer as specified  by
    the  customer  purchase  order.  Customer  deposits  for  partial
    payment   of  vehicles  are  deferred  and  treated  as   current
    liabilities  until  the vehicle is completed  and  recognized  as
    revenue.

    (g)   Earnings Per Share - Basic earnings per share are  computed
    based   on   the   weighted  average  number  of  common   shares
    outstanding.  Potentially dilutive shares, calculated  using  the
    treasury  stock  method, consist of stock options and  restricted
    stock grants.

    The  following  is a reconciliation of shares used  to  calculate
    basic and diluted earnings per share:

                                           1999       1998       1997
    Average share outstanding for basic  7,305,310  7,498,751  7,347,751
    Effect of potentially dilutive
    options and restricted stock grants    245,937    186,516    363,470
    Average shares outstanding           7,551,247  7,685,267  7,711,221

    (h)  Cost of Sales - Cost of sales for the year ended October 31,
    1997  has been reduced by the $1.2 million gain from the sale  of
    the Company's UVL product line which was completed in May, 1997.

    (i)   Reclassification of Financial Statements - Certain  amounts
    reported for prior years have been reclassified to conform to the
    1999 presentation.

    (2)  Long-term Debt and Capitalized Leases

    Long-term  debt and capitalized leases at October  31,  1999  and
    1998 consist of the following:
                                                        1999         1998
    Bank credit facility:
     Revolving credit borrowings                    $ 7,628,818  $ 7,873,921
     Term Loan A
      Monthly principal payments of $49,167           2,065,516    2,655,517
     Term Loan B
      Monthly principal payments of $9,833              560,501            -
     Term Loan C
      Monthly principal payments of $27,192           1,495,540            -
     Capitalized leases:
      City of South Hutchinson, Kansas, 4.75%-11%.
       Annual principal and sinking fund payments
       range from $304,000 in 2000 to $323,000
       in 2007                                        2,809,445    3,312,397
      City of South Hutchinson, Kansas, 4.80%-5.90%
       Annual principal and sinking fund payments
       range from $100,000 in 2000 to $150,000
       in 2009                                          680,480            -
      Longview  Industrial Corporation, Longview,
      Texas Variable Rate Demand Revenue Bonds -
      Principal and sinking fund payments beginning
      in 2002 at $500,000 to $700,000 in 2009         1,861,891            -
    Other notes payable:                                161,321            -
                                                     17,263,512   13,841,835
    Less - current maturities                         1,460,113    1,108,750
                                                    $15,803,399  $12,733,085

    On April 1, 1999, the Company amended the original Loan Agreement
    dated  July  31, 1998, with Bank of America, formerly NationsBank
    of  Georgia, N.A., Atlanta, Georgia (the "Bank"). This  amendment
    increased  the Company's total credit facility to $37.3  million.
    The  Agreement provides for a revolving credit facility of  $22.0
    million, and a long-term credit facility (Term Loans A, B, and C)
    of  $10.3  million, and an acquisition credit  facility  of  $5.0
    million.   The  credit  facilities  bear  interest  based  on   a
    combination of Eurodollar (LIBOR plus 1.75%) and the Bank's prime
    lending rate (8.25% at October 31, 1999) and mature May 31, 2002.
    The revolving credit facility also provides for a maximum of $3.0
    million  in  letters  of  credit,  of  which  $1.2  million  were
    outstanding  at  October 31, 1999.  The total  amount  of  unused
    revolving  credit available to the Company was $10.1  million  at
    October  31,  1999.   At  October 31,  1999  no  borrowings  were
    outstanding under the $5.0 million acquisition credit facility.

    The   credit   facility   is   collateralized   by   receivables,
    inventories,  equipment  and certain real  property.   Under  the
    terms  of  the  Agreement, the Company is  required  to  maintain
    certain  financial  ratios and other financial  conditions.   The
    Agreement  also  prohibits  the Company  from  incurring  certain
    additional indebtedness, limits certain investments, advances  or
    loans   and   restricts  substantial  asset  sales  and   capital
    expenditures.   At October 31, 1999 and 1998 the Company  was  in
    compliance with all loan covenants.

    Certain  of the Company's manufacturing facilities were  financed
    from  the  proceeds of industrial revenue bonds.  Lease  purchase
    agreements  with the respective cities provide that  the  Company
    may  purchase the manufacturing facilities at any time during the
    lease  terms  by paying the outstanding principal amount  of  the
    bonds plus a nominal amount.

    At  October  31,  1999,  the  net  book  value  of  manufacturing
    facilities  subject  to  these  lease  purchase  agreements   was
    approximately $5,405,987.

    The  carrying amount of the Company's long-term obligations  does
    not  differ  materially from fair value based on  current  market
    rates available to the Company.

    The aggregate maturities of capitalized leases and long-term debt
    for the years subsequent to October 31, 1999 are as follows:

          2000                  1,460,113
          2001                  1,788,860
          2002                 10,668,171
          2003                    988,469
          2004                  1,002,000
          2005 and thereafter   1,355,899

    (3)  Income Taxes

    The provision for income taxes consists of the following:

    For the year ended October 31,            1999       1998        1997
    Current                                3,368,000   1,424,000   1,954,000
    Deferred                                  92,000     286,000     354,000

    The  Company  accounts for income taxes in  accordance  with  the
    liability  method.   Deferred income taxes are  determined  based
    upon  the  difference  between the book  and  tax  basis  of  the
    Company's assets and liabilities.  Deferred taxes are provided at
    the  enacted  tax  rates  expected  to  be  in  effect  when  the
    differences   reverse.   The  income  tax  effect  of   temporary
    differences  comprising the deferred tax assets and deferred  tax
    liabilities   are  included  net  in  current   assets   on   the
    accompanying consolidated balance sheet and result from:

                                                   1999         1998
    Deferred tax assets:
     Self-insurance reserves                   $  241,000     $ 88,000
     Vacation                                     201,000      172,000
     Warranty                                     266,000       82,000
     Doubtful accounts                             19,000       10,000
     Inventories                                  357,000      265,000
     Amortization                                 182,000      198,000
     Revenue recognition                          204,000       40,000
                                                1,470,000      855,000
    Deferred tax liabilities:
     Accelerated depreciation                    (946,000)    (765,000)
     Other                                        (24,000)     (22,000)
                                                 (970,000)    (787,000)

    Net deferred tax assets                     $ 500,000    $  68,000

    A  reconciliation between the statutory federal income  tax  rate
    (34%)  and the effective rate of income tax expense for  each  of
    the three years during the period ended October 31, 1999 follows:

                                           1999          1998         1997
    Statutory federal income tax rate       34%           34%          34%
    Increase (decrease) in taxes
     Resulting from:
      State tax, net of federal benefit      4             3            4
      Utilization of net operating loss
       Carryforwards                         -             -          (14)
      Decrease in tax asset valuation
       Allowance                             -             -           (9)
      Other                                  1            (1)           3

    Effective tax rate                      39%           36%          18%

    (4) Capital Stock

    Preferred  Stock  -  On  March 28, 1995 the  Company's  Board  of
    Directors adopted a stockholders rights plan (Plan) and  declared
    a dividend distribution of one right (Right) for each outstanding
    share  of  common stock to stockholders of record  on  April  20,
    1995.  Under the terms of the Plan each Right entitles the holder
    to   purchase   one  one-hundredth  of  a  share  of   Series   A
    Participating  Preferred Stock (Unit) at  an  exercise  price  of
    $7.44 per Unit.  The Rights are exercisable a specified number of
    days  following  (i)  the acquisition by a  person  or  group  of
    persons of 20% or more of the Company's common stock or (ii)  the
    commencement of a tender offer or an exchange offer  for  20%  or
    more  of  the Company's common stock or (iii) when a majority  of
    the Company's unaffiliated directors (as defined) declares that a
    person  is  deemed  to  be an adverse person  (as  defined)  upon
    determination that such adverse person has become the  beneficial
    owner of at least 10% of the Company's common stock.  The Company
    has  authorized  and reserved 750,000 shares of preferred  stock,
    $.10  par  value, for issuance upon the exercise of  the  Rights.
    The Company may redeem the Rights in whole, but not in part, at a
    price of $.01 per Right in accordance with the provisions of  the
    plan.   Rights  expire on April 1, 2005 unless  redeemed  by  the
    Company.

    Stock-Based Compensation Plans - The Company has two shareholder-
    approved stock plans, the 1997 Omnibus Incentive Plan (the  "1997
    Plan")  and 1995 Stock Option Plan (the "1995 Plan").  Under  the
    1997  Plan, directors, officers and key employees may be  granted
    stock  options,  restricted stock grants  and  other  stock-based
    awards.   A  total of 2,000,000 shares may be granted  under  the
    1997 Plan.

    Under  the  1997  Ominbus  Incentive Plan,   the  Company  issued
    253,000  shares of common stock on May 14, 1999, in the  form  of
    restricted  stock awards.  Shares were issued as an incentive  to
    retain  key  employees, officers and directors. Of these  shares,
    4,000  and  249,000 will vest on May 14, 2001 and May  14,  2002,
    respectively.   At October 31, 1999, options for  837,500  shares
    were outstanding under the 1997 Plan.

    Under the 1995 Plan, a total of 1,000,000 shares of the Company's
    common stock were available for grant to officers, directors  and
    key  employees.  As of October 31, 1999, all of these shares  had
    been  granted  and  options for 210,800 shares  were  outstanding
    under the 1995 Plan.

    Under  both  plans,  the exercise price of  all  options  granted
    through October 31, 1999 equaled the stock's market price on  the
    date  of  grant  and fully vested six months after  the  date  of
    grant.   The expiration dates of the options range from 5  to  10
    years.   Options outstanding at October 31, 1999 had  a  weighted
    average  contractual  life  of  seven  years,  eight  months  and
    exercise prices ranged from $1.75 to $5.13.

    A  summary of the Company's two stock option plans at October 31,
    1999,  1998 and 1997 and changes during the years then ended  are
    presented in the table following:

                           1999                  1998              1997
                                 Per                   Per                Per
                      Shares  Share(a)    Shares    Share(a)   Shares   Share(a)
    Beginning of
    year             923,200   $4.11    1,072,400    $3.57     814,500    $1.89

    Granted          195,000    3.99      182,500     4.33     677,300     4.55

    Exercised        (40,800)   4.40     (318,000)    1.82    (411,400)    1.84

    Forfeited        (29,100)   4.53      (13,700)    6.26      (8,000)    4.81

    Outstanding at
    end of year    1,048,300   $4.07      923,200    $4.11   1,072,400    $3.57

    Exercisable at
    end of year    1,048,300   $4.07      748,200    $4.08   1,069,900    $3.56

    (a)  Weighted average exercise price per share.

    Weighted
    average
    fair value
    of options
    granted                    $1.99                 $2.08                $1.50

    The fair value of each option grant is estimated using the Black-
    Scholes option pricing model with the following assumptions  used
    for grants:

    For the year ended October 31,         1999      1998      1997
    Expected dividend yield                1.5%      1.5%      1.5%
    Expected life in years                   4         4         4
    Expected volatility                   45.8%     47.5%     50.5%

    Risk  free interest rate ranging from 4.63% to 6.76% for the 1997
    Plan  options and ranging from 5.36% to 7.37% for the  1995  Plan
    options.

    The  Company applies Accounting Principles Board Opinion No.  25,
    accounting for Stock Issued to Employees, in accounting  for  its
    Plans.   Accordingly, no compensation expense has been recognized
    for its stock options.

    Had compensation cost for the Company's stock options been
    determined consistent with the methodology prescribed under FASB
    Statement No. 123, "Accounting for Stock-Based Compensation", the
    Company's net income and income per share would have been reduced
    to the following pro forma amounts:

                                   1999           1998           1997
    Net income:
     As reported                $5,409,501     $3,027,100     $7,243,216
     Pro forma                   5,028,189      2,675,035      6,993,318
    Diluted earnings per share
     As reported                $      .72     $      .39     $      .94
     Pro forma                         .67            .35            .91

    (5)  Tax Deferred Savings Plan and Trust

    In 1985, the Company made available to all eligible employees the
    opportunity to participate in the Company's Tax Deferred  Savings
    Plan and Trust.  The Company provides a 50% matching contribution
    in  the  form of cash or unregistered common stock of the Company
    on  the  eligible amount invested by participants in the plan  to
    purchase common stock of the Company.  The Company's contribution
    to  this  plan was $138,881 in 1999, $75,269 in 1998, and $71,130
    in  1997.  This plan held 461,101 shares of the Company's  common
    stock at October 31, 1999 and 425,279 shares at October 31, 1998.

    (6)  Commitments and Contingencies

    (a)   General  -  The  preparation  of  financial  statements  in
    conformity with generally accepted accounting principles requires
    management  to  make estimates and assumptions  that  affect  the
    reported  amounts  of assets and liabilities  and  disclosure  of
    contingent  assets and liabilities at the date of  the  financial
    statements  and  the  reported amounts of revenues  and  expenses
    during  the  reporting period.  Actual results could differ  from
    those estimates.

    (b)   Letters of Credit - The Company has outstanding letters  of
    credit as more fully described in Note 2.

    (c)    Operating  Leases  -  The  Company  has  operating  leases
    principally for certain vehicles and equipment.  Operating  lease
    expense  was $593,584 in 1999, $351,435 in 1998, and $184,813  in
    1997.

    The  following  schedule details operating lease commitments  for
    the years subsequent to October 31, 1999:

          2000                      528,730
          2001                      494,802
          2002                      426,113
          2003                      372,141
          2004                      328,571
          2005 and thereafter        47,500


    (d)   Litigation - At October 31, 1999 the Company has litigation
    pending   which  arose  in  the  ordinary  course  of   business.
    Litigation  is subject to many uncertainties and the  outcome  of
    the  individual  matters is not presently  determinable.   It  is
    management's  opinion that this litigation  will  not  result  in
    liabilities  that  would have a material adverse  effect  on  the
    Company's financial position or results of operations.

    (e)   Self-insurance Reserves - The Company is  self-insured  for
    workers  compensation,  health insurance, general  liability  and
    product  liability  claims,  subject to  specific  retention  and
    reinsurance levels.

    (f)  Chassis Contingent Liabilities - The Company obtains certain
    vehicle   chassis   from  two  automotive   manufacturers   under
    agreements  that  do  not transfer the vehicle's  certificate  of
    origin to the Company and, accordingly, the Company accounts  for
    the  chassis  as  consigned  inventory.   Chassis  are  typically
    converted and delivered to customers within 90 days.

    (7)  Segment Information

    Collins Industries, Inc., has three reportable segments:
    Ambulances, buses, and terminal trucks.  The ambulance segment
    produces modular and van type ambulances for sale to hospitals,
    ambulance services, fire departments and other governmental
    agencies.   The bus segment produces small school buses,
    commercial buses and shuttle buses for sale to schools, hotel
    shuttle services, airports, and other governmental agencies.  The
    terminal truck segment produces off road trucks designed to move
    trailers and containers for sale to warehouses, rail yards, rail
    terminals, and shipping ports.

    The accounting policies of the segments are the same as those
    described in the summary of significant accounting policies.  The
    Company evaluates performance based on profit or loss from
    operations before income taxes not including nonrecurring gains
    and losses.

    The company accounts for intersegment sales and transfers as if
    the sales or transfers were to third parties, with all
    intercompany sales eliminated in consolidation.

    The Company's reportable segments are strategic business units
    that offer different products and services.  They are managed
    separately because each business requires different technology
    and marketing strategies.  Most of the businesses were acquired
    as a unit.

    The following table contains segment information for the years
    ended October 31, 1999, 1998, and 1997. All amounts in thousands
    of dollars.
                                                               Terminal
                                     Ambulance      Buses       Trucks

    Revenues from external   1999     $81,805      $85,372      $29,221
     customers:              1998      77,265       46,988       32,392
                             1997      84,725       32,600       40,197

    Intersegment revenues:   1999       1,458        2,578        1,026
                             1998           9           40        2,162
                             1997          13          312        2,038

    Interest income/         1999        (599)      (1,036)        (334)
    (expense) net:           1998        (593)        (600)         (36)
                             1997        (872)         (65)         (88)

    Depreciation and         1999        (562)      (1,155)        (280)
    amortization:            1998        (684)        (521)        (203)
                             1997        (668)        (427)        (222)

    Segment profit           1999       2,992        7,756        1,483
    (pre tax):               1998       3,374        3,032          880
                             1997       7,276        1,431        3,003

    Segment assets:          1999      26,996       26,713       10,197
                             1998      21,900       15,598        8,274
                             1997      23,826       10,050        9,598

    Segment expenditures     1999         841        1,129        1,046
    for capital assets:      1998         438        3,880        1,131
                             1997         549          397          242

    The following table contains segment information for the years
    ended October 31, 1999, 1998, and 1997.  All amounts in thousands
    of dollars. - Con't
                                          Other        Consolidated Total

    Revenues from external   1999      $     -           $196,398
    customers:               1998            -            156,445
                             1997            -            157,522

    Intersegment revenues:   1999            -              5,062
                             1998            -              2,211
                             1997            -              2,363

    Interest income/         1999          149             (1,820)
    (expense) net:           1998          153             (1,400)
                             1997          (33)            (1,643)

    Depreciation and         1999         (571)            (2,568)
    amortization:            1998         (388)            (1,796)
                             1997         (465)            (1,782)

    Segment profit           1999       (3,361)             8,870
    (pre tax):               1998       (2,549)             4,737
                             1997       (2,867)             8,843

    Segment assets:          1999        2,515             66,421
                             1998        3,304             49,076
                             1997        3,689             47,163

    Segment expenditures     1999          124              3,140
    for capital assets:      1998          509              5,958
                             1997          544              1,732

    Other  includes the elimination of intersegment transactions  and
    expenses  generated to support corporate activities not  directly
    attributable to any specific organization within the enterprise.
    Non-domestic  sales were $11.3 million, $15.3 million,  and  $6.4
    million for fiscal years 1999, 1998, and 1997 respectively.

    All assets are held by companies operating in the United States.

    During 1999, 1998 and 1997, sales to any one customer were not in
    excess of 10% of consolidated sales.

    REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS


    To the Board of Directors and
    Shareholders of Collins Industries, Inc.,

    We  have audited the accompanying consolidated balance sheets  of
    Collins   Industries,   Inc.    (a  Missouri   corporation)   and
    Subsidiaries  as  of October 31, 1999 and 1998, and  the  related
    consolidated  statements of income, shareholders' investment  and
    cash  flows  for  each  of the three years in  the  period  ended
    October   31,   1999.    These  financial  statements   are   the
    responsibility  of the Company's management.  Our  responsibility
    is  to express an opinion on these financial statements based  on
    our audits.

    We  conducted  our  audits in accordance with generally  accepted
    auditing  standards.  Those standards require that  we  plan  and
    perform  the  audit to obtain reasonable assurance about  whether
    the  financial statements are free of material misstatement.   An
    audit  includes  examining, on a test basis, evidence  supporting
    the  amounts  and  disclosures in the financial  statements.   An
    audit also includes assessing the accounting principles used  and
    significant  estimates made by management, as well as  evaluating
    the  overall  financial statement presentation.  We believe  that
    our audits provide a reasonable basis for our opinion.

    In  our  opinion,  the  financial statements  referred  to  above
    present  fairly, in all material respects, the financial position
    of  Collins  Industries, Inc. and Subsidiaries as of October  31,
    1999 and 1998, and the results of their operations and their cash
    flows for each of the three years in the period ended October 31,
    1999,   in   conformity   with  generally   accepted   accounting
    principles.


                                      ARTHUR ANDERSEN LLP


    Kansas City, Missouri
    November 19, 1999

    Item 9.  DISAGREEMENTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

    None.

                                     PART III

    Item 10.  DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

    Information  with respect to Directors and Executive Officers  is
    contained  in  the  section entitled "Management"  in  the  Proxy
    Statement  for  the  Annual Meeting of Shareholders  to  be  held
    February 25, 2000, and is incorporated herein by reference.


    Item 11.  EXECUTIVE COMPENSATION

    Information  with respect to executive compensation is  contained
    in the section entitled "Executive Compensation" in the Company's
    Proxy Statement for the Annual Meeting of Shareholders to be held
    on February 25, 2000, and is incorporated herein by reference.


    Item 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
              MANAGEMENT

    Information  with  respect  to  security  ownership  of   certain
    beneficial  owners  and management is contained  in  the  section
    entitled  "Security  Ownership of Certain Beneficial  Owners  and
    Management"  in  the  Company's Proxy Statement  for  the  Annual
    Meeting of Shareholders to be held on February 25, 2000,  and  is
    incorporated herein by reference.


    Item 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

    None

                                       PART IV

    Item 14.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES, REPORTS
              ON FORM 8-K

      (a)  The following documents are filed as a part of this Report:

          (1) Financial Statements:

              All financial statements and notes thereto as set
              forth under Item 8 of this Report on Form 10-K:

              Report of Independent Public Accountants

              Consolidated Statements of Income for
              the Three Years Ended October 31, 1999

              Consolidated Statements of Shareholders' Investment
              for  the Three Years Ended October 31, 1999

              Consolidated Statements of Cash Flows for
              the Three Years Ended October 31, 1999

              Consolidated Balance Sheets--October 31, 1999
              and 1998


          (2) Financial Statement Schedules:

              All schedules have been omitted as not applicable
              or not required under the instructions contained in
              Regulation S-X or the information is included in the
              financial statements or notes thereto.

         (3)  Exhibits:

        Exhibit Number             Document

              3.1         -        Certificate of Incorporation of Registrant,
                                   as amended (included as Exhibit 3.1 of the
                                   Company's Amendment No. 2 to Form S-1,
                                   No. 2-93247 and incorporated herein
                                   by reference).

              3.2         -        Amendment to Certificate of Incorporation of
                                   Registrant (included as Exhibit 3.3 of the
                                   Company's Amendment No. 1 to Form S-1,
                                   No. 2-93247 and incorporated herein
                                   by reference).

              3.3         -        Amendment to Certificate of Incorporation of
                                   Registrant (included as Exhibit 3.3(c) of
                                   the Company's Amendment No. 1 to Form S-1,
                                   No. 33-48323 and incorporated herein
                                   by reference).

              3.4         -        By-Laws of the Registrant, as amended
                                   (included as Exhibit 3.4 of
                                   the Company's S-1, No. 33-48323 and
                                   incorporated herein by reference).

              4.1         -        Rights Agreement dated as of March 28,
                                   1995 between the Registrant and Mellon
                                   Bank, N.A. (included as Exhibit 1 to
                                   Form 8-A filed with the SEC as of
                                   March 28, 1995).

              4.2         -        First Amendment to the Rights Agreement
                                   dated as of April 25, 1995 (included as
                                   Exhibit 4 to Form 8-A/A filed with the SEC
                                   as of May 8, 1995).

             10.1         -        Various bailment and consignment
                                   agreements between the Registrant and
                                   Automotive manufacturers (included
                                   as Exhibit 10.2 to the Company's
                                   Registration Statement on Form S-1,
                                   No. 33-48323 and incorporated herein
                                   by reference).


             10.2         -        Form of Indemnification Agreement
                                   between Registrant and its directors.
                                   (Incorporated herein by reference to
                                   Exhibit 10.21 to the Registrant's
                                   Report on Form 10-K for the fiscal
                                   year ended October 31, 1991.)

             10.3         -        Amended and Restated Lease dated
                                   November 15, 1997, between the Registrant
                                   and the city of South Hutchinson, Kansas.
                                   (Incorporated herein by reference to
                                   Exhibit 10.4 to the Registrant's
                                   Report on Form 10-K for the fiscal
                                   year ended October 31, 1998.)

             10.4         -        1999 Supplemental Lease dated June 1, 1999,
                                   by and between the City of South
                                   Hutchinson, Kansas and Collins Bus
                                   Corporation.  Original Lease dated
                                   August 1, 1984 and a November 15,
                                   1997, Amended and Restated Lease between
                                   the same parties.
                                   (Incorporated herein by reference to
                                   exhibit
                                   10.1 to the Registrant's Report on
                                   Form 10-Q for the quarterly period
                                   ended July 31, 1999.)

             10.5         -        Amended and Restated Loan and
                                   Security Agreement for credit
                                   facility dated July 31, 1998, between
                                   Registrant and NationsBank, N.A.
                                   (Incorporated herein by reference to
                                   Exhibit 10.3 to the Registrant's
                                   Report on Form 10-K for the fiscal
                                   year ended October 31, 1998.)

             10.6         -       Amendment No. 1. dated as of April 1,
                                  1999, to the Amended and Restated Loan and
                                  Security Agreement dated as of July 31, 1998,
                                  by and between Collins Industries, Inc., and
                                  NationsBank, N.A.  (Incorporated herein by
                                  reference to exhibit 10.3 to the Registrant's
                                  Report on Form 10-Q for the quarterly
                                  period ended April 30, 1999.)

             10.7         -       Loan Agreement dated April 1, 1999, between
                                  Longview Industrial Corporation and Collins
                                  Industries, Inc. (Incorporated herein
                                  by reference to exhibit 10.2 to the
                                  Registrant's Report on Form 10-Q for
                                  the quarterly period ended July 31, 1999.)

             22.1        -        The following are the names and
                                  jurisdiction of incorporation of
                                  the subsidiaries of the Company:

                                                                Jurisdiction
                                   Names                      of Incorporation

                                   Collins Bus Corporation         Kansas
                                   Capacity of Texas, Inc.         Texas
                                   Mid Bus, Inc.                   Ohio
                                   Wheeled Coach
                                    Industries, Inc.               Florida
                                   Collins Ambulance
                                    Corporation                    Kansas
                                   Collins Financial
                                    Services, Inc.                 Kansas
                                   Global Captive Casualty
                                    and Surety Company             Kansas
                                   Mobile-Tech Corporation         Kansas
                                   World Trans, Inc.               Kansas

             27.0         -        EDGAR Financial Data Schedule

     (b)  Reports on Form 8-K

           There were no reports filed on Form 8-K by the Company
           during the fourth quarter ended October 31, 1999.

                                  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.


                                          COLLINS INDUSTRIES, INC.

                      By                  /s/ Donald Lynn Collins
                                          Donald Lynn Collins, President
                                          and Chief Executive Officer

    Dated:  January 11, 2000

                       By                 /s/Larry W. Sayre
                                          Larry W. Sayre, Vice President
                                          Finance and Chief Financial Officer
                                          (Principal Accounting Officer)

    Pursuant  to the requirements of the Securities Exchange  Act  of
    1934,  this  report has been signed by the following  persons  on
    behalf of the Registrant, in their capacities as Directors of the
    Registrant, and on the dates indicated.


    Dated:  January 11, 2000              /s/ Don L.  Collins
                                          Don L. Collins

    Dated:  January 11, 2000             /s/  Donald Lynn Collins
                                          Donald Lynn Collins

    Dated:  January 11, 2000              /s/ Lewis W. Ediger
                                          Lewis W. Ediger

    Dated:  January 11, 2000              /s/ Robert E.  Lind
                                          Robert E. Lind