CONFORMED
                                    ---------
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-K/A
                                 AMENDMENT NO. 1


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

     For the fiscal year ended June 30, 1997

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

     For the transition period from _________________ to __________________

      Commission file number 1-12902

                               ------------------

                       FRONTIER ADJUSTERS OF AMERICA, INC.
                       -----------------------------------
             (Exact name of registrant as specified in its charter)

           ARIZONA                                       86-0477573
   (State of other jurisdiction of        I.R.S. Employer Identification Number)
   incorporation or organization)

        45 East Monterey Way                             85012
           Phoenix, Arizona                             (Zip Code)
(Address of principal executive offices)

        Registrant's telephone number, including area code (602) 264-1061

                               ------------------

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

   Title of each class                 Name of each exchange on which registered
   -------------------                 -----------------------------------------

Common Stock $.01 Par Value                       American Stock Exchange

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

                                      None

                               ------------------

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 registrant's  knowledge,  in definitive proxy or information  statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [ ]

The  aggregate  market value of the voting stock held by  non-affiliates  of the
registrant was $11,513,395 as of August 15, 1997.

The number of shares  outstanding  of the  registrant's  Common Stock,  $.01 par
value, as of August 15, 1997, was 4,605,358.
                                     1 of 2
<PAGE>
                                   SIGNATURES
                                   ----------

Pursuant to the  requirements of Section 13 or 15(d) 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.

                       FRONTIER ADJUSTERS OF AMERICA, INC.


<TABLE>
<S>                                                                 <C>
/s/ William J. Rocke                                                /s/ Patric R. Greer
---------------------------------------------------                 ---------------------------------------------------
William J. Rocke (Chief Executive Officer, Chairman                 Patric R. Greer (Chief Financial Officer)
of the Board)

     September 4, 1997                                                   September 4, 1997
---------------------------------------------------                 ---------------------------------------------------
</TABLE>
                                     2 of 2