SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

                                  FORM 10-Q

             Quarterly Report Pursuant to Section 13 or 15(d) of
                     the Securities Exchange Act of 1934



                   For the quarter ended November 30, 1996

                       Commission file number 0-14973

                                 UNICO,INC.                     
           (Exact name of Registrant as specified in its charter)



                 New Mexico                                  85-0270072    
          (State of Incorporation)                     (IRS Employer ID #)


Registrant's telephone number, including area code   505-326-2668  

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

                         $.20 par value common stock
                              (Title of class)



     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        .



     On December 31, 1996, there were 986,590 shares of registrant's $0.20 par
value common stock outstanding.

<PAGE>
                                    INDEX
                           TO REPORT ON FORM 10-Q
                               FOR UNICO, INC.


Item in Form 10-Q  Page

PART I:  FINANCIAL INFORMATION

Item 1.   Financial statements

          Consolidated balance sheets as of November 30, 1996
          and February 29, 1996                                           3

          Consolidated statements of operations for the three and nine 
          month periods ended November 30, 1996 and 1995                  5

          Consolidated statements of cash flows for the
          nine months ended November 30, 1996 and 1995                    6

          Notes to consolidated financial statements                      7

Item 2.   Managements discussion and analysis of financial
          condition and results of operations.                            7


PART II:  OTHER INFORMATION

Item 1.   Legal Proceedings                                              11

Item 4.   Submission of Matters to a Vote of Security Holders            11

Item 5.   Other Information                                              12

Item 6.   Exhibits and Reports on Form 8-K                               12

<PAGE>
<TABLE>
<CAPTION>
UNICO, INC.
Consolidated Balance Sheets




                                                                                                     November 30,   February 29,
                                                                                                         1996           1996    
                                                                                                      (Unaudited)
<S>                                                                                                  <C>            <C>
ASSETS

CURRENT ASSETS
             Cash and cash equivalents                                                               $   221,948    $   232,409 
             Certificate of deposit and short term investments                                           126,908        356,858 
             Accounts receivable                                                                         108,881         88,392 
             Accounts receivable from related parties                                                        -           17,859 
             Inventories                                                                                  20,929         36,316 
             Tax refund receivable                                                                       265,604            -   
                  TOTAL CURRENT ASSETS                                                                   744,270        731,834 

PROPERTY AND EQUIPMENT
             Land, buildings and improvements                                                            434,327        434,327 
             Equipment                                                                                   217,349        217,349 
             Refinery equipment                                                                        1,183,333      1,183,333 
             Co-generation equipment                                                                     290,298        263,348 
             Oil and gas properties                                                                      894,400        894,400 
             Property, plant and equipment (gross)                                                     3,019,707      2,992,757 
             Accumulated depreciation & depletion                                                     (1,846,535)    (1,746,015)
                                                                                                       1,173,172      1,246,742 

OTHER ASSETS
             Notes receivable                                                                              9,318         10,818 
             Notes receivable from related parties                                                       187,112            -   
             Other assets (net)                                                                          129,904        131,624 
             Investment in Chatfield Dean                                                                600,000        500,000 
             Investment in partnership                                                                   541,584      1,800,730 
                                                                                                       1,467,918      2,443,172 

                                                                                                                                
                                                                                                     $ 3,385,360    $ 4,421,748 
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Consolidated Balance Sheets - Continued





                                                                                                     November 30,   February 29,
                                                                                                         1996           1996    
                                                                                                      (Unaudited)
<S>                                                                                                 <C>             <C>

LIABILITIES AND STOCKHOLDERS EQUITY

CURRENT LIABILITIES
             Trade accounts payable                                                                 $     96,759    $   106,327 
             Taxes other than income                                                                       4,662          4,930 
             Other accrued expenses                                                                        3,090          4,063 
             Current portion of long-term debt                                                             9,330         76,539 
             Income taxes payable                                                                            -          367,151 
                 TOTAL CURRENT LIABILITIES                                                               113,841        559,010 
LONG-TERM DEBT, net of current portion                                                                    11,663         55,555 

CONVERTIBLE SUBORDINATED DEBENTURES PAYABLE
TO RELATED PARTIES                                                                                       178,000        178,000 

DEFERRED TAXES PAYABLE, net of current portion                                                            89,200        101,050 

STOCKHOLDERS' EQUITY
             Preferred stock, $0.01 par value,
               authorized 8,000,000 shares, 
               none outstanding                                                                              -              -   
             Common stock, $0.20 par value,
               authorized 2,500,000 shares,
               issued and outstanding 986,590
               shares                                                                                    197,318        197,318 
             Additional paid in capital                                                                2,042,576      2,042,576 
             Retained earnings                                                                           752,762      1,288,239 
                                                                                                       2,992,656      3,528,133 

                                                                                                                                
                                                                                                     $ 3,385,360    $ 4,421,748 

<FN>
See notes to consolidated financial statements.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
UNICO, INC.
Consolidated Statements of Income


                                                                        For the three months ended    For the nine months ended 
                                                                       November 30,   November 30,   November 30,   November 30,
                                                                           1996           1995           1996           1995    
                                                                        (Unaudited)    (Unaudited)    (Unaudited)    (Unaudited)
<S>                                                                  <C>            <C>            <C>            <C> 
REVENUES
          Refined product sales                                          $ 120,421    $   137,708     $  369,499    $   416,510 
          Electrical capacity and energy                                    62,385        190,875        195,597        541,107 
          Rent and miscellaneous income                                      3,805         59,849          9,742         69,359 
          Natural gas sales                                                 34,638         31,435        150,067        107,926 
          Loss from investment in partnership                             (304,690)       (69,480)      (940,317)      (335,775)
          Overhead, management fees, and 
            other revenues                                                 115,884         95,594        349,484        315,441 
                                                                            32,443        445,981        134,072      1,114,568 

COSTS AND EXPENSES
          Cost of sales                                                    166,245        389,799        549,421      1,155,298 
          General and administrative                                        79,085         79,099        248,743        230,595 
          Depreciation, depletion
            and amortization                                                30,883         34,449        100,520        107,782 
          Interest, net                                                      5,230            665         10,319          3,268 
                                                                           281,443        504,012        909,003      1,496,943 

INCOME (LOSS) FROM OPERATIONS 
  BEFORE INCOME TAXES                                                     (249,000)       (58,031)      (774,931)      (382,375)

          Provision for income taxes:
            Current                                                        (68,156)       (23,900)      (227,604)      (113,891)
            Deferred                                                        (3,950)        (2,750)       (11,850)        (8,150)
                                                                           (72,106)       (26,650)      (239,454)      (122,041)

NET INCOME (LOSS)                                                        $(176,894)   $   (31,381)    $ (535,477)   $  (260,334)

WEIGHTED AVERAGE NUMBER OF 
  SHARES OUTSTANDING                                                       986,590        986,590        986,590        986,590 

EARNINGS (LOSS) PER COMMON SHARE                                         $ (0.1793)   $   (0.0318)    $  (0.5428)   $   (0.2639)

<FN>
See notes to consolidated financial statements.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
UNICO, INC.
Consolidated Statements of Cash Flows


                                                                                                    For the nine months ended   
                                                                                                     November 30,   November 30,
                                                                                                         1996           1995    
                                                                                                      (Unaudited)    (Unaudited)
<S>                                                                                                 <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES:

Net income (loss)                                                                                    $  (535,477)     $(260,334)
Adjustments to reconcile net income 
    to cash provided by operating activities:
          Depreciation, depletion and amortization                                                       100,520        107,782 
          Deferred income taxes                                                                          (11,850)        (8,150)
          Loss on investment in partnership                                                              940,317        335,775 
          Changes in operating assets and liabilities:
            (Increase) decrease in accounts receivable                                                    (2,630)       (29,691)
            (Increase) decrease in inventories and
              prepaid expenses                                                                            15,387         32,144 
            Increase (decrease) in accounts payable
              and accrued expenses                                                                       (10,809)        16,938 
            Increase (decrease) in income taxes accrued                                                 (632,755)      (363,282)
NET CASH FLOW PROVIDED, (USED) BY OPERATING ACTIVITIES                                                  (137,297)      (168,818)

CASH FLOWS FROM INVESTING ACTIVITIES:
          Purchase of equipment                                                                          (26,950)           -   
          Cash distribution received from partnership                                                    318,829        417,554 
          Increase in certificates of deposit                                                             (5,050)       (13,129)
          Decrease in certificates of deposit                                                            235,000            -   
          Decrease in other assets                                                                         1,720            -   
          Investment in Chatfield Dean                                                                  (100,000)           -   
          Increase in notes receivable                                                                  (187,112)      (250,000)
          Collections on notes receivable                                                                  1,500          4,000 
NET CASH FLOW PROVIDED (USED) BY INVESTING ACTIVITIES                                                    237,937        158,425 

CASH FLOWS FROM FINANCING ACTIVITIES:
          Increase in long-term debt                                                                      26,950            -   
          Payments on long term debt                                                                    (138,051)       (64,466)
NET CASH FLOW USED BY FINANCING ACTIVITIES                                                              (111,101)       (64,466)

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                                                     $   (10,461)    $  (74,859)

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                                                         232,409        515,195 

CASH AND CASH EQUIVALENTS AT END OF PERIOD                                                           $   221,948     $  440,336 

<FN>
See notes to consolidated financial statements.
</TABLE>
<PAGE>
Notes to Consolidated Financial Statements

     The consolidated balance sheet as of November 30, 1996, the consolidated
statement of income for the three and nine month periods ended November 30, 1996
and 1995, and the consolidated statement of cash flows for the nine month period
ended November 30, 1996 and 1995, have been prepared by the Company, without
audit. In the opinion of management, all adjustments, (which include only normal
recurring adjustments), necessary to present fairly the financial position,
results of operations and changes in cash at November 30, 1996, and for all
periods presented have been made.

     Certain information and footnote disclosures normally included in financial
statements prepared in accordance with generally accepted accounting principals
have been condensed or omitted.  It is suggested that these consolidated
financial statements be read in conjunction with the Company's Form 10-K, filed
with the Securities and Exchange Commission.  The results of operations for the
period ended November 30, 1996, are not necessarily indicative of operating
results for the full year.

Investment in Partnership

     During the nine month period ended November 30, 1996, unaudited losses by
SCCLP were $1,567,194.  The company's share of loss allocations as of that date
included $347,917 and $592,400 to Gas Technologies Group, Inc. ("GTGI"), and
Intermountain Chemical, Inc. ("IC") respectively.  The GTGI and IC shares are
recorded using the equity method and are included in results of operations for
all periods presented.

     During the nine month period ended November 30, 1996, the Company received
cash distributions of $318,829 from SCCLP representing the estimated tax
liabilities of the Company associated with income allocations for the year ended
February 29, 1996.


Item 2.   Managements Discussion and Analysis of Financial Condition
          and Results of Operations.

Business

     The Company was incorporated under the laws of the State of New Mexico in
April, 1979.  Company resources are segmented into four categories of business;
petroleum product refining and processing, electrical energy production, natural
gas production, and methanol production.  Currently, refining and processing and
electrical energy production are performed by the Company's wholly-owned
subsidiary, Intermountain Refining, Co., Inc. ("IRC"), while natural gas
production is carried-out by the Company under the name Unico Resources. Through
its wholly-owned subsidiary, Intermountain Chemical, Inc., the Company manages
and operates a methanol production facility, owned by others, in Commerce City,
Colorado.  Through its wholly owned subsidiary GTGI, the Company maintains a
limited partnership interest in the general partner of the methanol production
facility.
<PAGE>
Refining

     The Company in the past refined low-cost, heavy crude oil and other low
gravity refined products into diesel fuel, fuel oils, and asphalt which were
generally marketed on a wholesale basis in the intermountain region.  IRC
experienced a sharp reduction in the availability of crude oil from it's
traditional sources and has operated it's refinery only on a limited basis
during the past two years.  The Company is hopeful that a long term solution to
the supply shortage can be resolved but thus far has been unsuccessful in
locating raw materials that would allow the economic operation of the facility. 
In addition, IRC periodically provides certain asphalt terminalling services
wherein IRC receives a fixed monthly fee and reimbursement of certain operating
expenses directly related to the service provided.

Co-Generation

     The co-generation plant produces up to 3,000 kilowatts of electrical energy
that is sold to an electric company in the local area.  Additionally, the plant
produces all electricity and a portion of the steam used in the refining process
thereby contributing some savings in refinery operating costs when the refinery
is operating.

Natural Gas Production

     In July, 1988, the Company acquired an interest in and began operating 20
natural gas wells located in the Hugoton basin in Southwestern Kansas.  Natural
gas and helium produced is sold, under exclusive contract, to K.N. Energy, of
Lakewood, Colorado.

Methanol Production 

     In July, 1988, the Company initiated a project to construct a 250 ton per
day methanol production facility in the Denver, Colorado area.  The facility
converts natural gas into chemical grade methanol which is marketed to refiners
and chemical distributors.  The Company, through its subsidiary IC, is the
managing general partner of Sand Creek Chemical Limited Partnership ("SCCLP")
which performs all production and marketing operations  associated with the
facility.  IC holds the general partnership interest in IC Partners Limited,
("IC-PL"), the general partner of SCCLP.  The facility is owned by Fleet Bank,
previously Shawmut Bank Connecticut, who leases the facility to SCCLP under a
fifteen year operating lease. Construction and start-up testing of the facility
was substantially completed in October 1993 and the facility is currently
operating near design capacity.  The Company provides management, accounting and
personnel services to the facility and was active in the completion of
construction of the project.  The Company has received various payments and
expense reimbursements associated with its services and activities on the
project.

     In December 1994, the Company, through its newly formed wholly owned
subsidiary GTGI, acquired a limited partnership interest in IC-PL.  The Company
receives allocations of SCCLP income and loss in accordance with it's various
interests in IC-PL.

Other Sources of Revenues

     In January 1994, the Registrant agreed to provide credit support to
Consolidated Oil and Transportation, Inc. ("COTI") in the form of guarantees of
commercial credit and stand by letters of credit.  COTI is a marketer and
transporter of heavy fuel oils and asphalt.  In exchange for the credit support
provided to COTI, the Registrant received 8.75% of gross margins realized by
COTI.  The Agreement with COTI was terminated in December 1995.
<PAGE>
Results of Operations

    Quarter ended November 30, 1996 compared to quarter ended November 30, 1995

     Total revenues, exclusive of SCCLP operating losses, during the current
quarter declined to $337,000, down 37% from $516,000 during the same period last
year.  Earnings, exclusive of SCCLP operating loss allocations and before income
taxes for the current quarter increased to $56,000, up 409% from $11,000 during
the second quarter of the prior year.  Cash flow from operations increased to
$53,000 during the current year quarter, up 196% from a use of $55,000 during
the third quarter of last year.  SCCLP operating loss allocations increased to
$305,000 during the current quarter compared to a  loss of $69,000 during the
same period last year.

     The decline in revenues includes a decrease in electrical generation
revenue of $128,000 representing a change in the supply arrangements with the
Registrant's electric customer wherein electrical energy is supplied on a
standby basis only.  Under the new arrangement, the customer still pays a fixed
standby capacity charge plus a variable charge for electrical energy generated. 
However, under normal circumstances, the generators will only be operated in the
event that the customer requires short term emergency power.  Revenues from the
sale of brokered crude oil declined slightly from last year due to a reduction
in volumes available.  Rent and miscellaneous revenue declined due to the one
time inclusion of certain terminaling revenues received in the prior year. 
Revenues from the sale of natural gas improved slightly over those received in
the prior year in spite of a substantial improvement in contract selling prices.
Due to generally warm and wet fall weather in the region and curtailments for
a processing plant shutdown in October, natural gas production was down during
the current quarter compared to last year.  Revenues associated with management
of SCCLP increased by $46,000 over last years quarter offset by a reduction of
$25,000 associated with the discontinued COTI Agreement.

     Operating income (loss) by industry segment, before allocation of general
corporate overhead for the third quarter of 1997 compared to the same period
during 1996 is as follows:

                                                                   Increase 
         Segment                            1997          1996    (Decrease)

     Refining                           $ (33,200)  $   96,500    $(129,700)
     Electrical generation                 42,200     (105,400)     147,600 
     Gas production                        10,800        4,500        6,300 
     Methanol project                    (188,700)        (700)    (189,400)
     Corporate overhead 
       and other                          (80,100)     (54,300)     (25,800)
                                        $(249,000)  $  (58,000)   $(191,000) 

     The increase in losses associated with refinery operations is due to the
inclusion of terminaling income in the prior year of $59,000 and an increase in
allocated operating costs.  Operating costs at the Fredonia facility are
allocated for segment reporting based on total sales.  Overall, total operating
costs associated with the facility declined by $17,000 from the prior year
quarter.  The substantial improvement in electrical generator earnings is
associated with the favorable emergency standby arrangement along with a
reduction in allocated operating costs as previously mentioned.  Taken together,
refinery and electrical generation operating income was $9,000 for the current
quarter compared to a loss of $9,000 in the prior year quarter.  The improvement
in natural gas operating income is the result of improved sales prices even
though production was curtailed due to weather and processing constraints
experienced during the current year quarter.  The decline in operating income
associated with the management and investment in SCCLP is the result of
increased loss allocations stemming from substantial scheduled and unscheduled
repair costs experienced during the current year quarter compared to last year. 
As previously mentioned, management fees and overhead cost reimbursements
associated with the activity increased by $46,000 over the same period last
year.  The increase in corporate overhead and other losses is the result of the
discontinuation of the COTI Agreement which had contributed $25,000 to earnings
in the prior year quarter.
<PAGE>
     Nine months ended November 30, 1996 compared to nine months 
       ended November  30, 1995

     Revenues, exclusive of SCCLP loss allocations, for the first nine months
of the current year declined to $1,074,000, down 26% from $1,450,000 during the
same period last year.  Earnings, exclusive of SCCLP loss allocations and before
income taxes increased to $165,000, up 451% from a loss of $47,000 during the
same period last year.  Cash flow from operations increased to a use of
$137,000, up 19% from a use of $169,000 in the prior year period.  SCCLP loss
allocations were $940,000 during the first nine months of the year, compared to
$336,000 during the same period last year.

     The most notable decline in revenues is attributed to the 64% decline in
electrical generation revenues.  During the current year, the Registrant has
supplied electrical energy on an emergency standby basis only resulting in a
sharp decline in revenues associated with this activity.  Revenues from the sale
of natural gas production increased 39% over last year due to a significant
improvement of the contracted sales price.  Natural gas production however
declined some compared to last year due to diminished demand during the fall. 
Revenues associated with petroleum product sales declined by 11% due to a
reduction in the quantities of crude oil available for resale.  Rental income
declined by 86% due to a one time receipt of terminalling fees in the prior
year.  Overhead reimbursements, management fees and other revenues increased by
11% over last year due to a $138,000 increase in SCCLP management revenues
offset by a $104,000 decline in revenues from the discontinued COTI Agreement. 
Loss allocations associated with the Registrants investment in SCCLP increased
substantially over last year due to certain scheduled and unscheduled
maintenance costs during the current year.

     Operating income (loss) by industry segment, before allocation of general
corporate overhead for the first nine months of 1997 compared to the same period
during 1996 is as follows:
                                                                   Increase 
         Segment                            1997          1996    (Decrease)

     Refining                           $(101,600)  $  (50,900)   $ (50,700)
     Electrical generation                114,500      (86,900)     201,400 
     Gas production                        66,400       22,700       43,700 
     Methanol project                    (591,100)    (125,300)    (465,800)
     Corporate overhead 
       and other                         (263,100)    (142,000)    (121,100)
                                        $(774,900)  $ (382,400)   $(392,500) 

     The increase in operating losses from refinery activities is attributed to
the inclusion in the prior year of $59,000 of terminalling revenues.  Without
the one time revenue last year, refining activities operating losses would have
declined by $8,000 due to cost reduction measures implemented and slight
improvements in margins realized on brokered crude oil.  The significant
improvement in electrical generation income reflects the favorable terms of
supplying electrical capacity on an emergency stand-by basis compared to the
actual production of energy using high cost fuels.  Electrical generation
operating costs have been substantially reduced as the generators are only
operated occasionally.  In addition, as the generators were purchased from the
lessor in March of this year, fixed costs have been reduced to minimal levels. 
The improvement in natural gas operating income is the direct result of a
substantial improvement in contracted selling prices.  Natural gas production
volumes however are down by approximately 20% from last year due to a reduction
in demand during last summer and early fall associated with warm rainy weather
and a processing plant outage during October.  The increase in losses associated
with the management of and investment in SCCLP is the result of the incurrance
of certain scheduled and unscheduled repair costs during the current year. 
Losses associated with the investment in SCCLP increased $605,000 over last year
offsetting improvements in management related income of $139,000 realized during
the current year.  The increase in overhead costs and other is attributed to the
discontinuation of the COTI Agreement which resulted in a reduction of income
of $104,000 from the prior year coupled with an increase in legal costs
associated with the proposed merger with Chatfield Dean.
<PAGE>
Liquidity and Capital Resources

     The Registrant had working capital of $630,400 at November 30, 1996
compared to $172,800 at the beginning of the year.  The increase in working
capital consists of a $493,500 increase from operations, a reduction in the non-
current portion of long term debt of $43,900, collections of notes receivable
of $1,500, cash distributions from SCCLP of $318,800, the additional investment
in Chatfield Dean preferred stock of 100,000, the issuance of notes receivable
of $187,100, and the purchase of equipment of $27,000.  The Registrant believes
that current working capital levels, are adequate to cover expected operating
needs.  

     Total debt, consisting of notes payable, current portion of long-term debt,
long-term debt, and subordinated debentures, decreased by $111,000 during the
first nine months of the current year.  Debt in these categories was 6.6% of
equity at November 30, 1996 compared to 8.8% at the beginning of the current
year.

Inflation, Deflation and Changing Prices

     The results of operations and capital expenditures will continue to be
affected by inflation, deflation and changing prices.  Prices of natural gas,
and generator fuel could have a materially adverse effect on the Registrant's
operations.  Management is unable to predict the full impact of these factors
on the results of operations or working capital.

PART II: OTHER INFORMATION

Item 1.   Legal Proceedings

     (a)  In reference to legal proceedings described in the Registrant's
          February 29, 1996 Form 10-K, (Part I, Item 3), there have been no
          material changes in the actions that have occurred during the period
          covered by this report.

Item 4.   Submission of Matters to a Vote of Security Holders

     (a)  On November 15, 1996 the annual meeting of shareholders was held at
          the offices of the Registrant.  686,863 shares were represented at
          the meeting which comprised 69.62% of the outstanding shares of the
          Registrant.

     (b)  William N. Hagler and Rick L. Hurt were reelected as the only
          directors of the Registrant.

     (c)  Matters submitted for vote at the meeting and the voting results were
          as follows:

          (1)  Election of Directors

                     Name                 For         Against      Abstained

               William N. Hagler        686,863           0             0   
               Rick L. Hurt             686,863           0             0   

          (2)  Selection of Auditors

                     Name                 For         Against      Abstained

               Atkinson & Co.           686,863           0           0     
     

          (3)  Authorization for management to develop and implement a plan of
               reorganization wherein the Registrant would transfer ownership
               of Gas Technologies to Intermountain Chemical and then spin-off
               Intermountain Chemical to the current shareholders of the
               Registrant.
     
                Voting Results            For         Against      Abstained

                                        686,630          233          0     
<PAGE>
Item 5.   Other Information

     (a)  On January 15, 1996 the Registrant executed a Letter of Intent with
          Chatfield Dean & Co., ("Chad") setting out the terms of a proposed
          acquisition, by the Registrant, of all of the outstanding common and
          preferred stock of Chad.  The Registrant has previously reported
          information regarding this proposed acquisition in its Form 8-K filed
          as of January 15, 1996, and in its Form 10-K filed for the year ended
          February 29, 1996.  On July 30, 1995, the Registrant and Chad
          executed a definitive merger agreement with respect to the proposed
          acquisition as reported by the Registrant in it's Form 8-K filed with
          the Commission on August 12, 1996.  A summary of the significant
          details of the acquisition are contained within that filing.  As of
          the date of this report, the Registrant and Chad are in the process
          of preparing the Form S-4 documents to be filed with the Commission. 
          The effective date of the acquisition will be set upon receiving
          approval of the filed Form S-4.


Item 6.   Exhibits and Reports on Form 8-K

     (b)  There were no submissions on Form 8-K during the period covered by
          this report.

                                 SIGNATURES


     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 capacities and on the dates indicated:

                                 UNICO, INC.



By:                   Rick L. Hurt                     Date:   November 14, 1997

     Rick L. Hurt, Controller, Secretary,
     Treasurer, and Chief Financial Officer