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                       SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C.  20549



                                   FORM 8-K/A
                                 CURRENT REPORT


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




               Date of Report (Date of earliest event reported):
                                 APRIL 17, 1998




                           LAMAR ADVERTISING COMPANY
             (Exact name of registrant as specified in its charter)



           DELAWARE                    0-20833                72-1205791
 (State or other jurisdiction      (Commission File          (IRS Employer
      of incorporation)                Number)            Identification No.)



            5551 CORPORATE BOULEVARD, BATON ROUGE, LOUISIANA  70808
             (Address of principal executive offices and zip code)


                                 (504) 926-1000
              (Registrant's telephone number, including area code)
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ITEM 5.          OTHER.

                 In order to update the information previously filed with the
Securities and Exchange Commission (the "Commission") at pages 21 to 27 to the
Registration Statement on Form S-4 (File No. 333-39729) of Lamar Advertising
Company, which Registration Statement was declared effective by the Commission
on November 12, 1997, the Company hereby files as Exhibit 99.1 an unaudited pro
forma consolidated statement of earnings (loss) for the year ended December 31,
1997 giving effect to the acquisition of Penn Advertising, Inc. ("Penn") and
National Advertising Company ("3M"), as if each had occurred on January 1, 1997
using the purchase method of accounting.

ITEM 7.     FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND EXHIBITS.

            (c)      Exhibits.

                     99.1    Unaudited consolidated pro forma statement of
                             earnings (loss) of Lamar Advertising Company for 
                             the year ended December 31, 1997, giving effect to
                             the acquisitions of Penn and 3M.  Filed herewith.
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                                   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 hereunto duly authorized.


Date:  April 17, 1998                LAMAR ADVERTISING COMPANY
                           
                           
                                     By: /s/ Keith A. Istre                     
                                        ----------------------------------------
                                         Keith A. Istre
                                         Treasurer and Chief Financial Officer
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                                 EXHIBIT INDEX

<TABLE>
<CAPTION>
EXHIBIT                                                                                                        SEQUENTIAL
   NO.           DESCRIPTION                                                                                    PAGE NO.
--------         -----------                                                                                    --------
<S>              <C>
99.1             Unaudited consolidated pro forma statement of earnings (loss) of Lamar Advertising Company for 
                 the year ended December 31, 1997, giving effect to the acquisitions of Penn and 3M.  Filed 
                 herewith.
</TABLE>