UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                            Washington, DC  20549
                                
                                
                                
                                  FORM 10-Q
                                
                                
                                
    (Mark One)
    [ X ]          QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                   OF THE SECURITIES EXCHANGE ACT OF 1934
    For the quarterly period ended:  January 31, 1999

                                     OR
                                
    [    ]         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
       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

    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

                    APPLICABLE ONLY TO CORPORATE ISSUERS:
                                
    Indicate the number of shares outstanding of each of the issuer's
    classes of common stock, as of the latest practicable date.

    Common Stock, $.10 par value                       7,386,781
             Class                           Outstanding at March 11, 1999

                  COLLINS INDUSTRIES, INC. AND SUBSIDIARIES
                                
                                  FORM 10-Q
                              January 31, 1999
                                
                                    INDEX
                                
    PART I.   FINANCIAL INFORMATION                             PAGE NO

          Item 1.  Financial Statements:

          Consolidated Condensed Balance Sheets
            January 31, 1999 and October 31, l998                  3

          Consolidated Condensed Statements of Income -
            Three Months Ended January 31, 1999 and 1998           4

          Consolidated Condensed Statements of Cash Flow -
            Three Months Ended January 31, 1999 and 1998           5

          Notes to Consolidated Condensed Financial Statements     6

          Item 2.

          Management's Discussion and Analysis of Financial
            Condition and Results of Operations                    8


    PART II.  OTHER INFORMATION

          Item 6.  Exhibits and Reports on Form 8-K               12


    SIGNATURES                                                    13

    PART I - FINANCIAL INFORMATION

    Item 1 - Financial Statements

                  Collins Industries, Inc. and Subsidiaries
                    CONSOLIDATED CONDENSED BALANCE SHEETS
                                 (Unaudited)
                                
                                                January        October
                                                   31,            31,
                                                  1999           1998
                                                       
    ASSETS                                                 
    Current Assets:                                        
      Cash                                    $ 1,009,400      $   143,995
      Receivbles, trade & other                 3,988,234        5,346,051
      Inventories, lower of cost (FIFO)
       or market                               33,606,254       25,271,242
      Prepaid expenses and other current                           
       assets                                   1,063,589          985,420
         Total current assets                  39,667,477       31,746,708
                                                       
    Property and equipment, at cost            39,807,920       37,783,917
      Less:  accumulated depreciation          21,500,626       21,038,717
      Net property and equipment               18,307,294       16,745,200   
    Other assets                                5,104,598          584,141
         Total assets                         $63,079,369      $49,076,049
                                                       
    LIABILITIES & SHAREHOLDERS' INVESTMENT                 
    Current liabilities:                                   
      Current maturities of long-term      
       debt & capitalized leases              $ 2,010,032        1,108,750
      Accounts payable                         16,399,276       12,017,444
      Accrued expenses                          4,867,146        2,946,167
          Total current liabilities            23,276,454       16,072,361
                                                       
    Long-term debt and capitalized leases      19,152,711       12,733,085
                                                       
    Shareholders' investment:                              
      Common stock                                742,398          743,088
      Paid-in capital                          18,017,074       18,051,859
      Retained earnings                         1,960,732        1,475,656
      Treasury stock                              (70,000)              --
         Total shareholders' investment        20,650,204       20,270,603
         Total liabilities & 
          shareholders' investment            $63,079,369      $49,076,049 
                                                       
    (See accompanying notes)                               
                                
                  Collins Industries, Inc. and Subsidiaries
                 CONSOLIDATED CONDENSED STATEMENTS OF INCOME
                                 (Unaudited)
                                
                                                   Three Months Ended
                                                        January 31,
                                                  1999             1998
                                                
    Sales                                       $38,174,032     $38,480,622
    Cost of sales                                32,499,842      33,435,940 
                                                
      Gross profit                                5,674,190       5,044,682
                                                
    Selling, general and administrative expenses  4,346,537       3,820,458
                                                
      Income from operations                      1,327,653       1,224,224
                                                
    Other income (expense):                         
      Interest expense                             (427,681)       (386,629)
      Other, net                                    164,876          80,229
                                                         
                                                   (262,805)       (306,400)
                                                
    Income before provision                         
      for income taxes                            1,064,848         917,824
                                                
    Provision for income taxes                      394,000         320,000
                                                
                                                
    Net income                                   $  670,848      $  597,824

    Earnings per share                              
      Basic                                      $      .09      $      .08
      Diluted                                    $      .09      $      .08
                                                
    Dividends per share                          $     .025      $     .155
                                                
    Weighted average common                         
     and common equivilent shares                  
     outstanding:                                  
      Basic                                       7,420,974       7,452,847
      Diluted                                     7,468,975       7,903,702
                                                         
    (See accompanying notes)

                  Collins Industries, Inc. and Subsidiaries
               CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOW
                                 (Unaudited)
                                
                                                     Three Months Ended
                                                         January 31,
                                                    1999            1998
    Cash flow from operations:                           
      Cash received from customers                 $40,823,896    $36,978,808
      Cash paid to suppliers and employees         (37,056,833)   (38,164,207)
      Interest paid                                   (391,301)      (347,935)
                                                     
        Cash provided by (used in) operations        3,375,762     (1,533,334)
                                                     
    Cash flow from investing activities:                 
      Capital expenditures and acquisition          (5,599,938)    (1,588,096)
      Other, net                                       (63,961)      (316,616)
                                                     
        Cash used in investing activities           (5,663,899)    (1,904,712)
                                                     
    Cash flow from financing activities:                 
      Net increase in other borrowings               3,599,561      5,261,678
      Principal payments of long-term debt             
        and capitalized leases                        (218,001)      (289,049)
      Proceeds from exercise of stock options            6,126         65,629
      Acquisition and retirement of treasury
       stock                                          (111,600)      (108,000)
      Payment of dividends                            (185,772)    (1,169,525)
                                                     
         Cash provided by financing activities       3,090,314      3,760,733
                                                     
    Net increase in cash                               802,177        322,687
                                                     
    Cash at beginning of period                        207,223        189,152
                                                     
    Cash at end of period                          $ 1,009,400    $   511,839
                                                     
    Reconciliation of net income to net cash             
    provided by (used in) operations:
      Net income                                   $   670,848    $   597,824
      Depreciation and amortization                    532,159        411,946
      Decrease (increase) in receivables             2,649,864     (1,501,814)
      Decrease (increase) in inventories            (3,312,224)     1,382,792
      Decrease (increase) in prepaid expenses
       and other current assets                        (47,567)       607,733
      Increase (decrease) in accounts payable
       and accrued expenses                          2,882,682     (3,031,815)
                                                     
    Cash provided by (used in) operations          $ 3,375,762    $(1,533,334)
                                                     
    (See accompanying notes)                             
                                
                  COLLINS INDUSTRIES, INC. AND SUBSIDIARIES
                                 
            Notes to Consolidated Condensed Financial Statements
                                 (Unaudited)
                                
    (1)  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.

    In   the   opinion  of  management,  the  accompanying  unaudited
    consolidated   condensed   financial   statements   contain   all
    adjustments (consisting of only normal recurring items) necessary
    to  summarize fairly the Company's financial position at  January
    31, 1999 and the results of operations and the cash flows for the
    three months ended January 31, 1999 and 1998.

    The  Company  suggests that the unaudited Consolidated  Condensed
    Financial Statements for the three months ended January 31,  1999
    be  read in conjunction with the Company's Annual Report for  the
    year ended October 31, 1998.

    (2)  Inventories
 
    Inventories,  which  include material, labor,  and  manufacturing
    overhead, are stated at the lower of cost (FIFO) or market.
 
    Major  classes of inventories as of January 31, 1999 and  October
    31, 1998, consisted of the following:

                                           January 31,      October 31,
                                              1999              1998

             Chassis                      $  9,787,561     $  7,916,058
             Raw materials & components     11,687,591        8,871,980
             Work in process                 4,534,056        3,408,167
             Finished goods                  7,597,046        5,075,037
                                           $33,606,254      $25,271,242

    (3)  Earnings per Share

    Dilutive  securities,  consisting  of  options  to  purchase  the
    Company's  common stock, included in the calculation  of  diluted
    weighted  average common shares were 48,001 shares for the  three
    month  period ended January 31, 1999, and 450,855 shares for  the
    three month period ended January 31, 1998.

    (4)  Contingencies and Litigation

    At January 31, 1999, the Company had contingencies and 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 would  not  result  in
    liabilities  that  would have a material adverse  effect  on  the
    Company's consolidated financial position.
 
    (5)  Income Taxes

    The provision for income taxes for three months ended January 31,
    1999 is calculated at statutory rates.

    (6)  Acquisitions

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


    Item  2  -  Management's  Discussion and  Analysis  of  Financial
                Condition and Results of Operations

    RESULTS OF OPERATIONS:

    Sales

    Sales  for the quarter ended January 31, 1999, decreased slightly
    compared  to  the  same period in fiscal 1998.  Sales  were  flat
    principally as a result of lower terminal truck sales,  partially
    offset  by an increase in bus sales including the impact  of  Mid
    Bus,  Inc.,  an  Ohio based manufacturer of small  school  buses.
    However,  the  first  quarter of fiscal 1998 included  a  sizable
    terminal truck order from the United States Postal Service.

    The  Company's  consolidated sales backlog at  January  31,  1999
    increased  71%  to  $57.4 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 96%, ambulances by 53% and terminal trucks  by
    45%.  The Company's consolidated sales backlog was $44.4  million
    at January 31, 1998.

    Cost of Sales

    Cost of sales for the quarter ended January 31, 1999 was 85.1% of
    sales compared to 86.9% for the same period in fiscal 1998.   The
    percentage decrease was principally due to an increase  in  sales
    of higher margin bus products, partially offset by an unfavorable
    sales  mix,  and lower sales volumes in ambulances  and  terminal
    trucks.

    Selling, General and Administrative Expenses

    Selling,  general  and administrative expenses  for  the  quarter
    ended  January 31, 1999, was 11.4% of sales compared to 9.9%  for
    the  same  period  in fiscal 1998.  The percentage  increase  was
    principally  due to increased marketing expenses associated  with
    direct sales personnel and advertising.

    Other Income (Expense)

    Interest  expense  increased  principally  as  a  result  of  the
    Company's increase in borrowings to fund capital asset additions,
    a  plant  expansion and the acquisition of Mid  Bus,  Inc..  This
    increase  was  partially offset by an overall  reduction  of  the
    Company's  effective  interest  rates.  The  reduction   of   the
    Company's  effective  interest rate was principally  due  to  the
    Company negotiating a lower interest rate with the Bank prior  to
    entering  into  the  July  31,  1998,  Loan  Agreement  and   new
    Industrial Revenue Bond financing.

    Net Income

    The  Company's net income for the quarter ended January 31,  1999
    was  $.7 million ($.09 per share-diluted) compared to $.6 million
    ($.08 per share-diluted) for the same period in fiscal 1998.  The
    increase   in   the   Company's  net  earnings  was   principally
    attributable  to  stronger operating results  from  bus  products
    including those of the newly acquired Mid Bus, Inc. This increase
    was partially offset by lower profits from ambulance and terminal
    truck products.

    LIQUIDITY AND CAPITAL RESOURCES:

    The  Company  used  existing credit lines,  internally  generated
    funds  and supplier financing to fund its operations and  capital
    expenditures for the quarter ended January 31, 1999.
 
    Cash provided by operations was $3.4 million for the three months
    ended  January 31, 1999 compared to ($1.5) million for the  three
    months  ended  January  31, 1998.  Cash  provided  by  operations
    principally resulted from the Company's net income ($.7 million),
    depreciation ($.5 million) an increase in accounts payable  ($2.8
    million),  a decrease in accounts receivable ($2.6 million),  and
    was  partially offset by an increase in inventory ($3.3 million),
    during the three months ended January 31, 1999.

    Cash  used in investing activities was $5.7 million for the three
    months  ended January 31, 1999 compared to $1.9 million  for  the
    three   months   ended  January  31,  1998.   The  increase   was
    principally  due  to  higher capital expenditures  including  the
    acquisition of Mid Bus Inc.

    Cash  flow provided by financing activities was $3.1 million  for
    the  three months ended January 31, 1999 compared to $3.8 million
    for  the  three  months  ended January  31,  1998.   This  change
    principally  resulted  from lower new borrowings  for  the  three
    months  ended  January 31, 1999 compared to the  same  period  in
    1998.  This  decrease  was partially offset  by  the  payment  of
    special  cash  dividend  of  $.13 per  share  ($1.0  million)  in
    January, 1998.

    The Company believes that its cash flows from operations and bank
    credit  lines  will be sufficient to satisfy its  future  working
    capital and capital expenditure requirements.

    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.  The Company's 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 developed and begun implementing 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.  Based upon its identification
    and assessment efforts to date, the Company believes that certain
    of  the  computer equipment and software that it  currently  uses
    will  require replacement or modification.  A substantial portion
    of  the  Company's  software relates to prepackaged,  copyrighted
    software  written  by Mapics, Actionware and American  Viking.
    The Company has obtained Y2K compliant versions of these software
    packages   and  has  fully  converted  to  the  Y2K  version   of
    Actionware.  The  Company  has installed  the  Y2K  versions  of
    Mapics and American Viking in a test environment and intends to
    fully  convert  to these versions in 1999. Additionally,  in  the
    ordinary course of replacing computer equipment and software, the
    Company  attempts to obtain replacements that are Y2K  compliant.
    The  Company  expects that its overall Y2K plan, which  began  in
    fiscal 1998, will be completed by October 31, 1999.  However, the
    Company  is in the process of developing a contingency  plan  for
    certain internal systems.

    The  Company  has  also contacted significant suppliers  such  as
    Ford, General Motors and Cummins concerning the Company's use  of
    embedded technology from such vendors. Significant suppliers have
    implemented  plans  to  help ensure the uninterrupted  supply  of
    goods  to their customers, and have initiated 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.   Additionally, there can be no assurance  that  the  Y2K
    issues  of other entities will not have a material adverse impact
    on the Company's systems or results of operations.
 
    Cautionary Statement Regarding Risks and Uncertainties  That  May
    Affect Future Results

    This  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.
    Additionally, the Company's recent acquisition of Mid  Bus,  Inc.
    involves  certain  risks  and  uncertainties  including   without
    limitation,  the Company's ability to operate Mid Bus  profitably
    and to retain Mid Bus' customers, suppliers and labor force.
 
    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).

    PART II - OTHER INFORMATION

    Item 1 - Legal Proceedings
           Not applicable

    Item 2 - Changes in Securities
           Not applicable

    Item 3 - Defaults on Senior Securities
           Not applicable

    Item 4 - Submission of Matters to a Vote of Security-Holders
           Not applicable

    Item 5 - Other Information
           Not applicable

    Item 6 - Exhibits and Reports on Form 8-K

           (a)  Exhibits:
                    27.0 - EDGAR Financial Data Schedule

           (b)  Reports on Form 8-K -
                    The Company filed Form 8-K, all of which reported
                    information under Item 5 of Form 8-K, on the following
                    date:

                    December 1, 1998



                                     SIGNATURE


    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.
                                       (REGISTRANT)





    DATE    March 11, 1999              /s/ Larry W. Sayre
                                       LARRY W. SAYRE
                                       VICE PRESIDENT - FINANCE AND
                                       CHIEF FINANCIAL OFFICER
                                       (Principal Accounting Officer)