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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                   FORM 10-Q/A



                Quarterly report pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934


                For the quarterly period ended September 30, 2000


                         Commission File Number: 0-27008


                               SCHLOTZSKY'S, INC.
             (Exact name of registrant as specified in its charter)

             Texas                                             74-2654208
(State or other jurisdiction of                              (IRS Employer
 incorporation or organization)                          Identification Number)

                               203 Colorado Street
                               Austin, Texas 78701
                    (address of principal executive offices)

                                 (512) 236-3600
                         (Registrant's telephone number)



         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 the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.

              Class                      Shares Outstanding at November 1, 2000
    Common Stock, no par value                          7,433,342


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                                      INDEX

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PART II.          OTHER INFORMATION


Item 6.           Exhibits and Reports on Form 8-K                          2

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NOTE:    EXHIBIT 10.36(f) WAS LISTED IN ITEM 6 OF THE FORM 10-Q FILED ON
         NOVEMBER 14, 2000 BUT WAS NOT INCLUDED IN THE SUBMISSION TO THE
         SECURITIES AND EXCHANGE COMMISSION. THE EXHIBIT IS SUBMITTED WITH THIS
         FORM 10-Q/A.




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PART II.  OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

         (a)   Exhibits:

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<CAPTION>

               Exhibit No.
               -----------
               <S>          <C>

               10.36(f)    Employment Agreement dated August 15, 2000 by and
                           between the Registrant and Richard H. Valade (filed
                           herewith).

               10.60       Second Amendment to Credit Agreement with Wells Fargo
                           Bank Texas, National Association, as Agent, dated as of
                           May 1, 2000 (previously filed with the Securities and
                           Exchange Commission on November 14, 2000 as an Exhibit
                           to the Registrant's Quarterly Report on Form 10-Q for
                           the period ended September 30, 2000).

               10.61       Third Amendment to Credit Agreement with Wells Fargo
                           Bank Texas, National Association, as Agent, dated as of
                           September 30, 2000 (previously filed with the Securities
                           and Exchange Commission on November 14, 2000 as an
                           Exhibit to the Registrant's Quarterly Report on Form
                           10-Q for the period ended September 30, 2000).

               27          Financial Data Schedule (previously filed with the
                           Securities and Exchange Commission on November 14, 2000
                           as an Exhibit to the Registrant's Quarterly Report on
                           Form 10-Q for the period ended September 30, 2000).

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         (b)   Current Reports on Form 8-K:

               None.










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                                    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.


                    SCHLOTZSKY'S, INC.



                    By:      /s/
                       ------------------------------------------------------
                             John C. Wooley
                             President and Chief Executive Officer
                             (Principal Executive Officer)




                    By:      /s/
                       ------------------------------------------------------
                             Richard H. Valade
                             Executive Vice President, Treasurer and Chief
                             Financial Officer
                             (Principal Financial Officer)




                    By:      /s/
                       ------------------------------------------------------
                             Matthew D. Osburn
                             Controller and Assistant Treasurer
                             (Principal Accounting Officer)


Austin, Texas
November 17, 2000















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