UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549
                                FORM 10-Q





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

For the Quarterly Period ended December 31, 2000

             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 1-1822


                    LACLEDE GAS COMPANY
   (Exact name of registrant as specified in its charter)

        Missouri                               43-0368139
 (State of Incorporation)                   (I.R.S. Employer
                                          Identification Number)


 720 Olive Street, St. Louis, Missouri             63101
(Address of principal executive offices)         (Zip Code)

Registrant's telephone number, including area code 314-342-0500

     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.


18,877,987 shares, Common Stock, par value $1 per share at 1/26/01.





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                  LACLEDE GAS COMPANY AND SUBSIDIARY COMPANIES











                                     PART I

                             FINANCIAL INFORMATION





The interim financial statements included herein have been prepared by the
Company, without audit, pursuant to the rules and regulations of the
Securities and Exchange Commission.  These financial statements should be
read in conjunction with the financial statements and the notes thereto
included in the Company's Form 10-K for the year ended September 30, 2000.

















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              LACLEDE GAS COMPANY AND SUBSIDIARY COMPANIES
                   STATEMENTS OF CONSOLIDATED INCOME
                              (UNAUDITED)
                (In Thousands, Except Per Share Amounts)
                                                  Three Months Ended
                                                     December 31,
                                                   2000       1999
                                                   ----       ----
Operating Revenues:
  Utility operating revenues                    $323,814  $ 144,659
  Non-utility operating revenues                  21,211      6,695
                                                -------------------
    Total Operating Revenues                     345,025    151,354
                                                -------------------
Operating Expenses:
  Utility operating expenses
    Natural and propane gas                      233,332     81,596
    Other operation expenses                      27,038     22,653
    Maintenance                                    4,529      4,708
    Depreciation and amortization                  6,518      5,495
    Taxes, other than income taxes                17,296     10,372
                                                -------------------
      Total utility operating expenses           288,713    124,824
  Non-utility operating expenses                  20,565      6,589
                                                -------------------
      Total Operating Expenses                   309,278    131,413
                                                -------------------
Operating Income                                  35,747     19,941
Other Income and Income Deductions - Net             992        850
                                                -------------------
Income Before Interest and Income Taxes           36,739     20,791
                                                -------------------
Interest Charges:
  Interest on long-term debt                       4,377      3,784
  Other interest charges                           3,215      2,189
                                                -------------------
      Total Interest Charges                       7,592      5,973
                                                -------------------
Income Before Income Taxes                        29,147     14,818
Income Taxes (Note 3)                             10,630      5,237
                                                -------------------
Net Income                                        18,517      9,581
Dividends on Preferred Stock                          22         24
                                                -------------------
Earnings Applicable to Common Stock             $ 18,495   $  9,557
                                                ===================

Average Number of Common Shares Outstanding       18,878     18,878

Earnings Per Share of Common Stock                 $ .98      $ .51

Dividends Declared Per Share of Common Stock       $.335      $.335



See notes to consolidated financial statements.

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              LACLEDE GAS COMPANY AND SUBSIDIARY COMPANIES
                       CONSOLIDATED BALANCE SHEET

                                                 Dec. 31    Sept. 30
                                                   2000       2000
                                                 -------    --------
                                               (Thousands of Dollars)
                                               (UNAUDITED)
                        ASSETS
Utility Plant                                  $  930,389  $  921,378
   Less:  Accumulated depreciation and
    amortization                                  375,856     372,545
                                               ----------------------
   Net Utility Plant                              554,533     548,833
                                               ----------------------
Other Property and Investments                     27,912      26,546
                                               ----------------------
Current Assets:
   Cash and cash equivalents                        7,101       4,215
   Accounts receivable - net                      237,845      55,207
   Materials, supplies, and merchandise
    at avg cost                                     6,062       5,491
   Natural gas stored underground for
    current use at LIFO cost                       61,937      94,787
   Propane gas for current use at FIFO cost         9,717      12,201
   Prepayments and other                            4,178       3,303
   Unamortized purchased gas adjustments           11,318      14,907
   Delayed customer billings                        6,208           -
   Deferred income taxes                            4,531       2,485
                                               ----------------------
      Total Current Assets                        348,897     192,596
                                               ----------------------
Deferred Charges:
   Prepaid pension cost                           100,714      97,229
   Regulatory assets                               66,566      64,336
   Other                                            2,970       2,200
                                               ----------------------
      Total deferred charges                      170,250     163,765
                                               ----------------------
Total Assets                                   $1,101,592  $  931,740
                                               ======================



             See notes to consolidated financial statements.






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              LACLEDE GAS COMPANY AND SUBSIDIARY COMPANIES
                 CONSOLIDATED BALANCE SHEET (Continued)

                                                 Dec. 31     Sept. 30
                                                   2000        2000
                                                 -------     --------
                                                (Thousands of Dollars)
                                                (UNAUDITED)

                 CAPITALIZATION AND LIABILITIES
Capitalization:
   Common stock (20,743,625 shares issued)     $   20,744 $    20,744
   Paid-in capital                                 85,837      85,835
   Retained earnings                              212,595     200,423
   Accumulated other comprehensive income               -           -
   Treasury stock, at cost (1,865,638 shares
    held)                                         (24,017)    (24,017)
                                               ----------------------
       Total common stock equity                  295,159     282,985
   Redeemable preferred stock                       1,763       1,763
   Long-term debt (less sinking fund
    requirements)                                 234,394     234,408
                                               ----------------------
       Total Capitalization                       531,316     519,156
                                               ----------------------
 Current Liabilities:
   Notes payable                                  198,800     127,000
   Accounts payable                               101,277      45,660
   Advance customer billings                            -      15,290
   Current portion of preferred stock                  21          50
   Taxes accrued                                   32,730      12,044
   Other                                           30,541      31,060
                                               ----------------------
       Total Current Liabilities                  363,369     231,104
                                               ----------------------
Deferred Credits and Other Liabilities:
   Deferred income taxes                          126,640     134,944
   Unamortized investment tax credits               6,187       6,267
   Pension and postretirement benefit costs        22,868      20,261
   Regulatory liabilities                          31,922       1,223
   Other                                           19,290      18,785
                                               ----------------------
      Total Deferred Credits and Other
       Liabilities                                206,907     181,480
                                               ----------------------
Total Capitalization and Liabilities           $1,101,592 $   931,740
                                               ======================



           See notes to consolidated financial statements.



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              LACLEDE GAS COMPANY AND SUBSIDIARY COMPANIES
                 STATEMENTS OF CONSOLIDATED CASH FLOWS
                             (UNAUDITED)
                                                  Three Months Ended
                                                      December 31,
                                                   2000        1999
                                                   ----        ----
                                                (Thousands of Dollars)
Operating Activities:
 Net Income                                     $ 18,517     $ 9,581
 Adjustments to reconcile net income to
  net cash provided by operating activities:
   Depreciation and amortization                   6,544       5,521
   Deferred income taxes and investment
    tax credits                                  (12,549)      5,000
   Other - net                                       (16)        127
   Changes in assets and liabilities:
    Accounts receivable - net                   (182,638)    (60,800)
    Unamortized purchased gas adjustments          3,589      (2,857)
    Deferred purchased gas costs                  30,512      (2,023)
    Advanced customer billings - net             (21,498)     (5,214)
    Accounts payable                              55,617       4,327
    Refunds due customers                           (246)       (234)
    Taxes accrued                                 20,686      (2,303)
    Natural gas stored underground                32,850       6,265
    Other assets and liabilities                    (357)    (10,562)
                                                --------------------
      Net cash used in operating activities     $(48,989)   $(53,172)
                                                --------------------
Investing Activities:
 Construction expenditures                       (11,584)    (13,401)
 Investments - non-utility                           (43)       (216)
 Employee benefit trusts                          (1,398)       (452)
 Other                                              (527)       (312)
                                                --------------------
      Net cash used in investing activities     $(13,552)   $(14,381)
                                                --------------------
Financing Activities:
 Issuance of short-term debt - net                71,800      68,000
 Dividends paid                                   (6,346)     (6,348)
 Preferred stock reacquired and other                (27)        (40)
                                                --------------------
  Net cash provided by financing activities     $ 65,427    $ 61,612
                                                --------------------
Net Increase (Decrease)in Cash and Cash
 Equivalents                                    $  2,886    $ (5,941)
Cash and Cash Equivalents at Beg of Period         4,215       9,352
                                                --------------------
Cash and Cash Equivalents at End of Period      $  7,101    $  3,411
                                                ====================

Supplemental Disclosure of Cash Paid/(Refunded)
 During the Period for:
  Interest                                      $ 11,227    $ 10,161
  Income taxes                                       (14)        (28)

             See notes to consolidated financial statements.

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              LACLEDE GAS COMPANY AND SUBSIDIARY COMPANIES
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1.  In the opinion of management, this interim report includes
    all adjustments (consisting only of normal recurring accruals)
    necessary for the fair presentation of the results of the periods
    covered.

2.  Laclede Gas Company is a natural gas distribution utility
    having a material seasonal cycle.  As a result, this interim
    statement of consolidated income is not necessarily indicative of
    annual results nor representative of the succeeding quarters of the
    fiscal year.  Due to the seasonal nature of the Company's business,
    earnings are typically concentrated in the first six months of the
    fiscal year, which generally corresponds with the heating season.
    Fiscal year earnings will likely be lower than earnings during the
    first six months of the fiscal year, reflecting typically lower
    summer sales volumes, partially offset by lower operating expenses.

3.  Net provisions for income taxes were charged (credited) as
    follows during the periods set forth below:

                                        Three Months Ended
                                           December 31,
                                        ------------------
                                          2000        1999
                                          ----        ----
                                       (Thousands of Dollars)
       Federal
          Current                      $ 19,836   $    212
          Deferred                      (10,778)     4,201
       State and Local
          Current                         3,343         25
         Deferred                        (1,771)       799
                                       -------------------
            Total                      $ 10,630   $  5,237
                                       ===================


4.  The Missouri Public Service Commission extended the Company's Gas Supply
    Incentive Plan with specific modifications through September 30, 2001.
    Under the modified plan, the Company continues to share with its
    customers certain gains and losses related to the acquisition of its gas
    supply assets.  Effective October 1, 1999, Laclede is permitted to
    retain all income resulting from sales made outside its traditional
    service area.  As modified, total pretax income derived from the sharing
    provision of the Plan, excluding income derived from off system sales,
    cannot exceed $9.0 million for fiscal 2001.  The Company, staff of the
    MoPSC and other parties have agreed to cooperate on the development of a
    mutually acceptable, multi-year incentive plan that includes a fixed
    price mechanism for implementation once the current plan expires.  On
    November 17, 2000, the Company filed a proposal with the MoPSC to extend
    the incentive plan, add a fixed price component and make other
    modifications to the plan.  A prehearing conference to discuss the
    Company's proposal was held January 19, 2001.







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    Results of the Plan and off system sales activities are set forth
    below.  These results may not be representative of results in future
    periods due to the volatile and seasonal nature of these efforts.

                                       Three Months Ended
                                          December 31,
                                     ----------------------
                                       2000          1999
                                       ----          ----
                                     (Thousands of Dollars)
    Net Benefits to Customers
      and Shareholders               $10,086        $ 8,870
    -------------------------------------------------------
    Shareholder Benefits
    Off system and Incentive
      Plan Revenues                  $ 8,529        $ 9,014
    Off system and Incentive
      Plan Expense                     5,512          6,502
                                     -------        -------
    Company Share -
         Pretax Income               $ 3,017        $ 2,512
                                     =======        =======




5.  Laclede Gas Company is a public utility engaged in the retail
    distribution of natural gas.  The Company has also made investments in
    some non-utility businesses as part of a diversification program, none
    of which are reportable segments.  These non-regulated operations are
    primarily conducted through five wholly-owned subsidiaries.  There are
    no material intersegment revenues.

                           Gas      All Other
    (Thousands of Dollars) Utility  (Non-Utility) Eliminations Consolidated
    -----------------------------------------------------------------------
    Three Months Ended
    December 31, 2000
    Operating revenues   $  323,814    $ 21,211    $       -   $  345,025
    Net income (loss)        18,076         441            -       18,517
    Total assets          1,090,125      24,874      (13,407)   1,101,592

    Three Months Ended
    December 31, 1999
    Operating revenues   $  144,659    $  6,775    $       -   $  151,434
    Net income (loss)         9,641         (60)           -        9,581
    Total assets            897,044      13,758      (13,581)     897,221




6.  The Company is subject to various environmental laws and regulations.
    To date they have not materially affected the Company's financial
    position and results of operations.

    In the past, the Company operated various manufactured gas plants which
    produced certain by-products and residuals.  With regard to the
    Company's former manufactured gas plant site located in Shrewsbury,
    Missouri, the Company and the state and federal environmental regulatory
    agencies have in the past agreed upon the actions needed at this site.
    Those actions are nearing completion.  The Company currently estimates
    the overall costs of these actions will be approximately $1,729,000.  As

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    of December 31, 2000, the Company has paid $1,335,000 and reserved
    $394,000 for these actions.  In the course of recent site grading called
    for by the agreement, some site materials that proved to be manufactured
    gas wastes were released into an adjacent stream.  The release was
    contained and appropriate authorities notified.  The Company is dealing
    with this development as part of the remaining work being done at the
    site.  If the regulatory agencies require any additional actions,
    Laclede will incur additional costs.  The Missouri Department of Natural
    Resources (MoDNR), late in calendar year 2000, expressed a belief that a
    removal action at the Shrewsbury site had incurred natural resources
    damages to the forested riparian corridor of the stream adjacent to the
    site, for which Laclede could be held liable.  Laclede believes that no
    such natural resource damages as alleged have occurred.  However, should
    an appropriate natural resource damage assessment disclose such damages,
    Laclede may incur additional costs.

    The Company also applied to place the site of a different former
    manufactured gas plant in the City of St. Louis, Missouri into the
    Missouri Voluntary Cleanup Program (VCP).  Laclede ceased its operations
    at and sold this site in 1950.  Subsequent owners of this site used it
    as a coke manufacturing facility.  MoDNR accepted the Company's VCP
    application.  Acceptance provides opportunities to minimize costs of
    remediation while maximizing possibilities for site development.  The
    Company submitted a site characterization report (SCR) to MoDNR on
    June 25, 1999.  The SCR was accepted subject to the Company's
    development of a Remedial Action Plan (RAP) due MoDNR in early calendar
    year 2001.  Laclede intends to seek an adjustment of this filing date
    due to ongoing discussions with the City of St. Louis over possible site
    development.  The RAP will include plans to continue to monitor
    groundwater.  Surface water sampling and the performance of other
    remedial measures will likely occur during site redevelopment.  The
    Company will continue to inform MoDNR of site development possibilities
    as well.  The Company currently estimates that the cost of the site
    investigations, agency oversight and related legal and engineering
    consulting may be approximately $585,000.  Currently, the Company has
    paid $453,000 and reserved an additional $132,000.  The Company has
    requested that other former site owners and operators participate in the
    cost of any site investigation.  One former owner and operator agreed to
    participate in these costs and has reimbursed the Company to date for
    $150,000.  The Company anticipates additional reimbursement from this
    party of approximately $54,000.  The Company plans to seek proportionate
    reimbursement of all costs relative to this site from any other
    potentially responsible parties if practicable.

    While the scope of costs relative to the site in Shrewsbury are
    currently not believed to be significant, the scope of costs relative to
    the City of St. Louis site are unknown and may be material.  The Company
    has notified its insurers that it intends to seek reimbursement from
    them of its costs at both these sites.  None of the Company's insurers
    have agreed that its insurance covers the costs for which the Company
    intends to seek reimbursement.  The majority of the insurers have sent
    Laclede letters reserving their rights with respect to the manufactured
    gas plant issues addressed in the Company's notices to them.  While some
    of the insurers have denied coverage with respect to these issues, the
    Company continues to seek reimbursement from them.  With regard to the
    Shrewsbury site, the denial of coverage is not currently believed to
    have any significant impact on the Company.  With regard to the City of
    St. Louis site, since the scope of costs relative to this site are
    unknown and may be material, the denial of coverage may have a material
    impact on the Company.

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    Previously, the MoPSC approved the Company's use of a cost deferral
    mechanism for these costs. Deferral of such costs terminated July 31,
    1999. The Commission authorized previously deferred costs to be included
    in rates without return on investment and amortized over a fifteen-year
    period, effective with the implementation of new rates on December 27,
    1999.  The Company is subject to various environmental laws and
    regulations.  To date they have not materially affected the Company's
    financial position and results of operations.

7.  Certain prior-period amounts have been reclassified to conform to
    current-period presentation.  These reclassifications did not affect
    consolidated net income for the periods presented.


8.  This Form 10-Q should be read in conjunction with the Notes to
    Consolidated Financial Statements contained in the Company's Fiscal 2000
    Form 10-K.













































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                MANAGEMENT'S DISCUSSION AND ANALYSIS OF
             FINANCIAL CONDITION AND RESULTS OF OPERATIONS

RESULTS OF OPERATIONS

Quarter Ended December 31, 2000
-------------------------------

The quarter ended December 31, 2000, which is the first quarter of Laclede's
fiscal year 2001, was the second coldest such quarter in the last 100 years
with 28% colder than normal weather.  In contrast, the same period last year
was the fourth warmest comparable quarter for the century.  As a result of
this back-to-back extreme and opposite weather experience, the first quarter
of fiscal 2001 was 56% colder than the comparable quarter last year,
resulting in a substantial increase in the earnings level achieved this
quarter as compared with the same quarter last year.

Earnings were $.98 per share for the quarter ended December 31, 2000
compared with $.51 per share for the quarter ended December 31, 1999.  In
addition to the favorable impact of higher sales levels resulting from
colder weather, earnings also increased due to the benefit of the general
rate increase effective December 27, 1999 and, to a lesser extent, slightly
higher income related to the Company's Gas Supply Incentive Plan and off
system sales.  These factors were partially offset by a higher provision for
uncollectible accounts reflecting a significant increase in accounts
receivable balances due to higher revenues.

A dramatic and unprecedented rise across the nation in recent months in the
wholesale cost of natural gas, coupled with the significantly higher sales
levels arising from the colder weather, resulted in utility operating
revenues for the quarter ended December 31, 2000 of $323.8 million compared
with $144.7 million for the same quarter last year. Increases or decreases
in the wholesale cost of natural gas are passed on to Laclede's customers in
accordance with the Company's Purchased Gas Adjustment Clause.  System
therms sold and transported increased by 126.5 million therms, or 44.9%,
above the quarter ended December 31, 1999.

Non-utility operating revenues for this quarter increased $14.5 million from
those revenues for the same quarter last year mainly due to increased gas
marketing sales by Laclede Energy Resources, Inc., a wholly-owned non-
utility subsidiary.

Utility operating expenses for the quarter ended December 31, 2000 were
$288.7 million compared with $124.8 million for the same period last year -
mainly the result of the extraordinary nationwide increase in the wholesale
cost of natural gas and the colder weather.  Natural and propane gas expense
this quarter increased $151.7 million above last year's level primarily due
to the higher rates charged by the Company's suppliers and increased volumes
purchased for sendout mainly because of colder weather.  Other operation and
maintenance expenses increased $4.2 million, or 15.4%, principally due to a
higher provision for uncollectible accounts, higher wage rates, lower net
pension credits and higher group insurance charges.  Depreciation and
amortization expense increased $1.0 million due to additional depreciable
property and an increased proportion of amortization related to shorter-
lived property.  Taxes, other than income taxes, increased $6.9 million
primarily due to higher gross receipts taxes (reflecting the increased
revenues).

Non-utility operating expenses increased $14.0 million this quarter mainly
due to increased gas expense associated with gas marketing sales by Laclede
Energy Resources, Inc.


                                 Page 11

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Other income and income deductions-net increased $.1 million above the same
period last year due to minor variations in several areas.

The $1.6 million increase in interest expense is primarily due to increased
short-term interest expense (reflecting higher average borrowings and
increased rates) and to higher interest on long-term debt resulting from the
issuance of $30 million of 7.90% first mortgage bonds in September 2000.

The increase in income taxes is mainly due to higher pre-tax income.




Updated Regulatory Matters
--------------------------

In June 2000, the Missouri Public Service Commission (MoPSC or Commission)
approved an agreement Laclede had reached with the Commission staff to
modify and extend the Company's Gas Supply Incentive Plan (GSIP) for an
additional year, from October 1, 2000, through September 30, 2001.  Under
the GSIP, Laclede shares certain gains and losses related to the acquisition
and management of its gas supply assets.  Further, since October 1, 1999,
the Company is permitted to retain all income resulting from sales made
outside of its traditional service area.  These activities continue to
provide significant benefits to the Company's customers and its
shareholders.  During the quarter ended December 31, 2000, Laclede's efforts
in this area resulted in cost savings of $7.1 million for its customers and
$3.0 million in pretax income to its shareholders.  In addition to the
financial benefits of the program, the innovative structure under which the
Company operates allows its customers to retain the reliability inherent in
Laclede's long-standing supply relationships.  On November 17, 2000, the
Company filed a proposal with the MoPSC to extend the GSIP, add a fixed
price component and make other modifications to the plan.  A prehearing
conference to discuss the Company's proposal was held January 19, 2001.

In July 2000, the Commission approved the Company's request for a waiver of
the Purchased Gas Adjustment (PGA) provisions of the Company's tariff so
that it could make an unscheduled, out-of-cycle PGA change effective July
15, 2000.  Through the PGA clause in the Company's tariff, it flows through
to customers the cost of purchased gas supplies.  The clause provides for
only two scheduled PGA filings each year, one for the summer months and
another for the winter period, with one unscheduled filing during the winter
if certain conditions are met.  However, this past summer an additional PGA
filing was necessitated by the significant and unforeseen increase in
natural gas prices that occurred since the Company had made its scheduled
summer PGA filing in early April 2000.  Gas prices continued to climb
throughout the fall and winter, and the Company was forced to seek higher
rate adjustments in its November 2000 winter PGA filing and in a January
2001 unscheduled PGA filing to cover the increased cost of natural gas
supplies for the current winter.  The Company's January 2001 unscheduled PGA
filing was approved by the Commission on January 25, 2001.

The MoPSC approved a Price Stabilization Program (PSP) for the fiscal 2000-
2002 heating seasons that authorizes the Company to purchase certain
financial instruments designed to protect the Company and its customers from
unusually large increases in the cost of natural gas during the heating
season.  The provisions of the program also allow the Company to share in
gains and cost reductions achieved under the program.  However, the PSP,
like the Company's gas costs, has been adversely affected by inflated
natural gas prices because of the related increases in the cost of these
financial instruments.  In June 2000, the Company notified the MoPSC that it
would not be participating this year in one of the program's provisions to

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share in gains achieved under the program.  Also, in an effort to obtain
more meaningful winter-time price protection for its customers, Laclede
reached an agreement with the Commission staff and the Office of the Public
Counsel in September 2000 to reduce the quantity of natural gas purchases
that would be covered under the PSP.  On September 28, 2000, the MoPSC
approved this agreement.  On December 22, 2000, the staff of the Commission
filed a recommendation with the Commission that it terminate the third year
of the PSP.  Laclede filed a response in opposition to staff's
recommendation on the grounds that significant financial benefits have been
derived under the PSP as a result of the Company's management of its
financial instruments portfolio.

On May 11, 2000, the Company appealed to the Circuit Court of Cole County,
Missouri the MoPSC's decision on one of the contested issues in the
Company's 1999 rate case relating to the calculation of the Company's
depreciation rates.  On December 1, 2000, the court remanded this decision
to the MoPSC based on inadequate findings of fact.  The Company believes
that any decision on this appeal would not adversely impact the $11.24
million increase in rates, which became effective December 27, 1999, or the
Company's earnings; however, a favorable decision, when recognized in the
Company's rates, would be expected to benefit the Company's cash flow.

In response to recent price increases in the commodity cost of natural gas
which have led to significant increases in the prices paid by customers of
local distribution companies, on January 23, 2001 the MoPSC established a
case to investigate the process for the recovery of natural gas commodity
cost increases by such companies from their customers.




Accounting Pronouncements
-------------------------

On October 1, 2000, the Company adopted Statements of Financial Accounting
Standards (SFAS) No. 133 and 138.  SFAS No. 133 "Accounting for
Derivative Instruments and Hedging Activities" establishes accounting and
reporting standards for derivative instruments, including certain derivative
instruments embedded in other contracts, and for hedge accounting.  It
requires that an entity recognize all derivatives as either assets or
liabilities in the statement of financial position and measure those
instruments at fair value.  SFAS 133 requires that changes in the fair value
of a derivative be recognized currently in earnings, unless specific hedge
accounting criteria are met.  SFAS No. 138, "Accounting for Certain
Derivative Instruments and Certain Hedging Activities" amends portions of
SFAS No. 133.  Among other things, SFAS No. 138 provides an exception for
contracts intended for the normal purchase and normal sale of something
other than a financial instrument or derivative instrument, for which
physical delivery is probable.  Some of the Company's gas supply and
transportation contracts are derivative instruments as defined under SFAS
No. 133; however, all of these contracts qualify for the normal purchases
and normal sales exception provided by SFAS No. 138.  The financial
instruments purchased by Laclede under its Price Stabilization Program are
derivative instruments under SFAS No. 133.  These financial instruments are
purchased as hedges against significant increases in the price of natural
gas, as approved by the MoPSC, and are accounted for in accordance with the
Company's Purchased Gas Adjustment Clause.  The effect of the Company's
adoption of these statements on October 1, 2000 did not have a significant
impact on the Company's financial position and results of operations as of
that date.




                                 Page 13

<PAGE>
<PAGE>

Liquidity and Capital Resources
-------------------------------

The Company's short-term borrowing requirements typically peak during colder
months when the Company borrows money to cover the gap between when the
Company purchases its natural gas and when the Company's customers pay for
that gas.  These short-term cash requirements have traditionally been met
through the sale of commercial paper supported by lines of credit with
banks.  The Company currently has a primary line of credit totaling $150
million extending through November 29, 2001.  The Company also has various
supplemental lines of credit of $100 million that provide for aggregate
credit lines of $250 million through March 31, 2001.  During fiscal 2001 to
date, the Company sold commercial paper aggregating to a maximum of $199.1
million at any one time, but did not borrow from the banks under the
aforementioned lines of credit.  Short-term borrowings amounted to $198.8
million at December 31, 2000.

Construction expenditures for utility purposes for the quarter were $11.6
million compared with $13.4 million for the same period last year.

Capitalization at December 31, 2000 increased $12.2 million since September
30, 2000 and consisted of 55.6% common stock equity, .3% preferred stock
equity and 44.1% long-term debt.

The seasonal nature of the Company's sales affects the comparison of certain
balance sheet items at December 31, 2000 and at September 30, 2000 such as
Accounts Receivable - Net, Gas Stored Underground, Notes Payable, Accounts
Payable, Regulatory Liabilities, and Advance and Delayed Customer Billings.



Environmental Matters
---------------------

The Company is subject to various environmental laws and regulations.
To date they have not materially affected the Company's financial
position and results of operations.

In the past, the Company operated various manufactured gas plants which
produced certain by-products and residuals.  With regard to the
Company's former manufactured gas plant site located in Shrewsbury,
Missouri, the Company and the state and federal environmental regulatory
agencies have in the past agreed upon the actions needed at this site.
Those actions are nearing completion.  The Company currently estimates
the overall costs of these actions will be approximately $1,729,000.  As
of December 31, 2000, the Company has paid $1,335,000 and reserved
$394,000 for these actions.  In the course of recent site grading called
for by the agreement, some site materials that proved to be manufactured
gas wastes were released into an adjacent stream.  The release was
contained and appropriate authorities notified.  The Company is dealing
with this development as part of the remaining work being done at the
site.  If the regulatory agencies require any additional actions,
Laclede will incur additional costs.  The Missouri Department of Natural
Resources (MoDNR), late in calendar year 2000, expressed a belief that a
removal action at the Shrewsbury site had incurred natural resources
damages to the forested riparian corridor of the stream adjacent to the
site, for which Laclede could be held liable.  Laclede believes that no
such natural resource damages as alleged have occurred.  However, should
an appropriate natural resource damage assessment disclose such damages,
Laclede may incur additional costs.


                                 Page 14

<PAGE>
<PAGE>
The Company also applied to place the site of a different former
manufactured gas plant in the City of St. Louis, Missouri into the
Missouri Voluntary Cleanup Program (VCP).  Laclede ceased its operations
at and sold this site in 1950.  Subsequent owners of this site used it
as a coke manufacturing facility.  MoDNR accepted the Company's VCP
application.  Acceptance provides opportunities to minimize costs of
remediation while maximizing possibilities for site development.  The
Company submitted a site characterization report (SCR) to MoDNR on
June 25, 1999.  The SCR was accepted subject to the Company's
development of a Remedial Action Plan (RAP) due MoDNR in early calendar
year 2001.  Laclede intends to seek an adjustment of this filing date
due to ongoing discussions with the City of St. Louis over possible site
development.  The RAP will include plans to continue to monitor
groundwater.  Surface water sampling and the performance of other
remedial measures will likely occur during site redevelopment.  The
Company will continue to inform MoDNR of site development possibilities
as well.  The Company currently estimates that the cost of the site
investigations, agency oversight and related legal and engineering
consulting may be approximately $585,000.  Currently, the Company has
paid $453,000 and reserved an additional $132,000.  The Company has
requested that other former site owners and operators participate in the
cost of any site investigation.  One former owner and operator agreed to
participate in these costs and has reimbursed the Company to date for
$150,000.  The Company anticipates additional reimbursement from this
party of approximately $54,000.  The Company plans to seek proportionate
reimbursement of all costs relative to this site from any other
potentially responsible parties if practicable.

While the scope of costs relative to the site in Shrewsbury are
currently not believed to be significant, the scope of costs relative to
the City of St. Louis site are unknown and may be material.  The Company
has notified its insurers that it intends to seek reimbursement from
them of its costs at both these sites.  None of the Company's insurers
have agreed that its insurance covers the costs for which the Company
intends to seek reimbursement.  The majority of the insurers have sent
Laclede letters reserving their rights with respect to the manufactured
gas plant issues addressed in the Company's notices to them.  While some
of the insurers have denied coverage with respect to these issues, the
Company continues to seek reimbursement from them.  With regard to the
Shrewsbury site, the denial of coverage is not currently believed to
have any significant impact on the Company.  With regard to the City of
St. Louis site, since the scope of costs relative to this site are
unknown and may be material, the denial of coverage may have a material
impact on the Company.

Previously, the MoPSC approved the Company's use of a cost deferral
mechanism for these costs. Deferral of such costs terminated July 31,
1999. The Commission authorized previously deferred costs to be included
in rates without return on investment and amortized over a fifteen-year
period, effective with the implementation of new rates on December 27,
1999.  The Company is subject to various environmental laws and regulations.
To date they have not materially affected the Company's financial position
and results of operations.









                                 Page 15

<PAGE>
<PAGE>


Other Matters
-------------

On October 26, 2000, the Company announced its intention, subject to receipt
of the necessary approvals, to reorganize its corporate structure to form a
holding company known as The Laclede Group, Inc.  As a result of the
reorganization, The Laclede Group, Inc. would become a holding company under
the Public Utility Holding Company Act of 1935 but would be exempt from all
provisions of the Act except Section 9(a)(2) thereof.  Laclede Gas is taking
the necessary steps to obtain regulatory and shareholder approvals and filed
a registration statement on Form S-4 with the Securities and Exchange
Commission on October 27, 2000, which became effective on December 14, 2000.
On December 12, 2000, the Company filed an application with the MoPSC
requesting approval for the proposal to form a holding company and revise
its corporate structure.  The Commission issued an order directing that
notice of the Company's application be given and establishing an
intervention deadline of January 25, 2001.  Under the new structure, Laclede
Gas Company as the regulated utility, and the subsidiaries it currently
holds, would become subsidiaries of The Laclede Group, Inc.  Even after
forming a holding company, the profile of Laclede Gas' regulated
distribution business is expected to remain substantially the same. At the
January 25, 2001 annual meeting, shareholders of record on December 11, 2000
voted and approved this proposal.





Forward-Looking Statements
--------------------------

Certain statements in this 10-Q are forward-looking statements made based
upon the Company's expectations and beliefs concerning future developments
and their potential effect on Laclede.  These statements, however, do not
include financial statements and other statements of historical fact.  The
forward-looking statements may be identified by the use of such terms as
"anticipate," "believe," "estimate,"  "expect," "intend," "plan," "seek" and
similar expressions.  Future developments may not be in accordance with the
Company's expectations or beliefs and the effect of future developments on
Laclede may not be those anticipated.  Among the factors that may cause
actual results to differ materially from those contemplated in any forward-
looking statements are:
    -  weather conditions and catastrophic events
    -  changes in transportation and gas supply costs or availability
    -  regulatory actions and initiatives of federal and state regulatory
       agencies, some of which could be retroactive, including those
       affecting:
                                 Page 16
<PAGE>
<PAGE>

       --  financings
       --  allowed rates of return
       --  incentive regulation
       --  industry and rate structure
       --  purchased gas adjustment provisions
       --  franchise renewal
       --  environmental or safety requirements
    -  the effects of any industry or corporate restructuring
    -  the results of litigation
    -  conservation efforts of our customers
    -  collection of customer accounts receivable
    -  economic factors such as changes in the conditions of capital
       markets, interest rates and rates of inflation
    -  inability to retain existing customers or to attract new customers
    -  ability to obtain funds from operations or the sale of debt or
       equity to finance necessary capital expenditures and other
       investments
    -  employee workforce issues
    -  statutory or tax changes and
    -  changes in accounting standards

The Company does not, by including this statement, assume any obligation to
review or revise any particular forward-looking statement referenced herein
in light of future events.


























                                 Page 17

<PAGE>
<PAGE>










               LACLEDE GAS COMPANY AND SUBSIDIARY COMPANIES









                                Part II


                           OTHER INFORMATION




























                                 Page 18
<PAGE>
<PAGE>
         LACLEDE GAS COMPANY AND SUBSIDIARY COMPANIES

Item 1.  Legal Proceedings

         For a description of the Company's environmental matters, see
         Note 6 to the unaudited Notes to Consolidated Financial
         Statements on page 8.  For a description of the Company's
         pending regulatory matters, see "Updated Regulatory Matters"
         and "Other Matters" in the "Management's Discussion and
         Analysis" section on pages 12 and 16.

Item 6.  Exhibits and Reports on Form 8-K

         (a) See Exhibit Index

         (b) Reports on Form 8-K

             The Company filed a Form 8-K during the quarter ended
          December 31, 2000.

          Item reported:

          On October 27, 2000, the Company filed an 8-K reporting its
          issuance of a news release announcing its financial results as of
          September 30, 2000 (attached as Exhibit 1 to Form 8-K) and of
          a press release announcing that the Company would seek
          authorization to form a holding company (attached as Exhibit 2
          to Form 8-K).


          Date of Report (Date of Earliest Event Reported):
            October 26, 2000



















                                 Page 19

<PAGE>
<PAGE>





              LACLEDE GAS COMPANY AND SUBSIDIARY COMPANIES


                               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.





                                                  LACLEDE GAS COMPANY



Date: January 26, 2001
                                                   G. T. MCNEIVE, JR.
                                             ------------------------------
                                                   G. T. McNeive, Jr.
                                              Sr. Vice President - Finance
                                                  and General Counsel
                                              (Authorized Signatory and
                                                Chief Financial Officer)














                                 Page 20

<PAGE>
<PAGE>


                          Index to Exhibits





                                                        Sequentially
Exhibit                                                   Numbered
Number            Exhibit                                   Page
-------           -------                               ------------


3.01(ii)     Bylaws of the Company
             adopted October 26, 2000                        22

10.01        Revolving Credit Facility with
             Firstar Bank N.A., Bank One, N.A.,
             The Fuji Bank, Ltd., Comerica
             Bank and Bank Hapoalim B.M.                     39

10.02        Credit Agreement with
             Firstar Bank N.A.                               81

27           Financial Data Schedule UT                      98
























                                 Page 21