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                                   FORM 10-K/A
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

(Mark One)
[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 [NO FEE REQUIRED]

       For the transition period from _________ to __________

                          Commission file number 1-5325

                                HUFFY CORPORATION
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

                OHIO                                             31-0326270
  (State or other jurisdiction of                             (I.R.S. Employer
   incorporation or organization)                            Identification No.)

    225 Byers Road, Miamisburg, Ohio                                45342
(Address of principal executive offices)                         (Zip Code)

Registrant's telephone number, including area code: (937) 866-6251

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

    TITLE OF EACH CLASS                NAME OF EACH EXCHANGE ON WHICH REGISTERED
    -------------------                -----------------------------------------

Common Stock, $1.00 Par Value                  New York 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 the 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. [X]

The aggregate market value of the Common Stock held by non-affiliates of the
registrant, as of February 27, 1998, was $183,821,293.

The number of shares outstanding of each of the registrant's classes of Common
Stock, as of February 27, 1998, was 12,474,310.

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                       DOCUMENTS INCORPORATED BY REFERENCE

1.       The Huffy Corporation Annual Report to Shareholders for the year ended
         December 31, 1997. Only such portions of the Annual Report as are
         specifically incorporated by reference under Parts I, II and IV of this
         Report shall be deemed filed as part of this Report.

2.       The Huffy Corporation Proxy Statement for its Annual Meeting of
         Shareholders on April 17, 1998. Only such portions of the Proxy
         Statement as are specifically incorporated by reference under Part III
         of this Report shall be deemed filed as part of this Report.

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                                    PART II

Huffy Corporation's Form 10-K for the fiscal year ended December 31, 1997 is
hereby amended by adding the attached Exhibit Number 13 to the Form 10-K.

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this amendment to be signed on its behalf by the
undersigned, thereunto duly authorized.

HUFFY CORPORATION
(Registrant)

By: /s/ Nancy A. Michaud
    --------------------
(Signature)

Title: Vice President - General Counsel and Secretary