SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C.   20549



                       FORM 10-Q/A


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

     For the quarterly period ended      December 27, 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     1-9838 

                                                             
                      NS GROUP, INC.                         

Exact name of registrant as specified in its charter

 KENTUCKY                                61-0985936      
(State or other jurisdiction of    (I.R.S. Employer
incorporation or organization)     Identification Number)
   
        Ninth and Lowell Streets, Newport, Kentucky   41072  
   
              (Address of principal executive offices)

Registrant's telephone number, including area code (606)
292-6809

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.

Common stock, no par value             24,130,367                 
    (Class)                 (Outstanding at January 30, 1998)

NS GROUP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF DECEMBER 27, 1997 AND SEPTEMBER 27, 1997
(Dollars in thousands) (Unaudited)

                              December 27,  September 27,
CURRENT ASSETS                  1 9 9 7          1 9 9 7     

  Cash                          $  5,646        $ 6,998
  Short-term investments         154,969        128,828
  Funds held for debt called
  for redemption                                 59,517
  Accounts receivable, less 
  allowance for doubtful 
  accounts of $700 and $712,
  respectively                    62,045         63,151
  Inventories                     79,362         73,474
  Other current assets            29,104         32,953
    Total current assets                                     
                                 331,126        364,921
  
PROPERTY, PLANT AND EQUIPMENT    283,425        278,779
  Less - accumulated 
  depreciation                  (159,262)      (154,962)     
                                 124,163        123,817    
OTHER ASSETS                      10,306         11,578 

    Total assets                $465,595       $500,316
         
CURRENT LIABILITIES
  Notes payable                 $    364       $    722
  Payments due on debt called 
  for redemption                                 59,517
  Accounts payable                48,521         47,667
  Other current liabilities       30,743         28,126
  Current portion of long-term 
  debt                             1,958          1,958

    Total current liabilities     81,586        137,990     

LONG-TERM DEBT                    76,330         76,424

DEFERRED TAXES                    12,404         13,087

COMMON SHAREHOLDERS' EQUITY
  Common stock, no par value     278,332        261,368
  Common stock options and 
  warrants                         1,221          1,612
  Unrealized loss on available 
  for sale securities             (1,888)        (1,238)
  Retained earnings               17,610         11,073
    Total common shareholders' 
    equity                       295,275        272,815

    Total liabilities and 
     shareholders' equity       $465,595       $500,316


This Condensed Consolidated Balance Sheet corrects the December
27, 1997 amount for the line item "Accounts receivable, less
allowance for doubtful accounts of $700 and $712, respectively,"
from $2,045 to $62,045.


The accompanying notes to condensed consolidated financial
statements are an integral part of these statements.




SIGNATURES

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.


                         NS GROUP, INC.



                           
Date:    February 9, 1998     By:  /s/Clifford R. Borland    
                      
                              Clifford R. Borland
                              Chairman and Chief 
                              Executive Officer

    


Date:     February 9, 1998    By:  /s/John R. Parker         
                       
                              John R. Parker
                              Vice President and Treasurer