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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                  FORM 10-K/A

           [X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934
                  For the fiscal year ended December 31, 1997
                                       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 000-21621

                                  KEVCO, INC.
            (Exact name of registrant as specified in its charter)

           Texas                                                  75-2666013
(State or other jurisdiction of                                (I.R.S. Employer
incorporation or organization)                               Identification No.)

         Kevco, Inc.
1300 S. University Drive, Suite 200             
        Fort Worth, Texas                                           76107
(Address of principal executive offices)                          (Zip Code)

      Registrant's telephone number, including area code:  (817) 332-2758

          Securities registered pursuant to Section 12(b) of the Act:
 
                                     NONE
          Securities registered pursuant to Section 12(g) of the Act:

                                                         Name of each exchange
    Title of Each Class                                   on which registered
    -------------------                                   -------------------
      Common Stock,                                     The Nasdaq Stock Market
par value of $.01 per share

     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 informational 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 of the Registrant held by non-
affiliates of the registrant was $52,793,228 on March 12, 1998, based on the
closing price of the registrant's common stock on such date of $18.50 per share,
as reported on The Nasdaq Stock Market.

     As of March 12, 1998, 6,831,159 shares of the registrant's Common Stock
were outstanding.

                      DOCUMENTS INCORPORATED BY REFERENCE

Portions of the registrant's annual report to shareholders for the year ended
December 31, 1997 are incorporated by reference into Part II of this report, and
portions of the proxy statement for the annual meeting of shareholders of the
registrant to be held during 1998 are incorporated by reference into Part III of
this report.
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The Registrant hereby amends its Form 10-K solely for the purpose of restating,
in accordance with Rule 601(c)(2)(iii) of Regulation S-K, Exhibit 27.1 and 27.2
(Financial Data Schedule) reflecting for prior periods Kevco, Inc.'s change in
method of valuing inventory from the last-in, first-out method to the first-in,
first-out method in June 1997 and the adoption of Statement of Financial
Accounting Standards No. 128 "Earnings Per Share."


                              S I G N A T U R E S

     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.

                                  KEVCO, INC.


Date:    April 8, 1998            By:  /s/ Jerry E. Kimmel* 
                                       --------------------------------
                                       Jerry E. Kimmel,
                                       Chairman, President and Chief Executive
                                       Officer


     Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
registrant and in the capacities and on April 8, 1998.


     Signature                                Title
     ---------                                -----

       /s/ Jerry E. Kimmel*               Chairman of the Board, President
---------------------------------         and Chief Executive Officer   
       Jerry E. Kimmel                    (Principal Executive Officer) 
                                    

       /s/ Clyde A. Reed, Jr.*            Executive Vice President,
---------------------------------         Chief Operating Officer 
       Clyde A. Reed, Jr.                 and Director


       /s/ Ellis L. McKinley, Jr.         Vice President, Chief Financial 
---------------------------------         Officer, Treasurer and Director
       Ellis L. McKinley, Jr.             (Principal Financial Officer and
                                          Principal Accounting Officer)


       /s/ Gregory G. Kimmel*             Senior Vice President, 
---------------------------------         Corporate Development
       Gregory G. Kimmel                  and Director


       /s/ Richard S. Tucker*             Secretary and Director
---------------------------------                           
       Richard S. Tucker

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       /s/ Martin C. Bowen*               Director
---------------------------------                 
       Martin C. Bowen


       /s/ Richard Nevins*                Director
---------------------------------                
       Richard Nevins


*By:   /s/ Ellis L. McKinley, Jr.
    -----------------------------
       Ellis L. McKinley, Jr.,
       ATTORNEY-IN-FACT

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