SECURITIES AND EXCHANGE COMMISSION
                       WASHINGTON, D.C. 20549


                            SCHEDULE 13G


             Under the Securities Exchange Act of 1934
                         (Amendment No. 9)*



                        LSI Industries, Inc.
                          (Name of Issuer)



                            Common Stock
                   (Title of Class of Securities)



                            502 16C 10 8
                           (CUSIP Number)


  Check the following box if a fee is being paid with this
  statement [ ].  (A fee is not required only if the filing
  person: (1) has a previous statement on file reporting
  beneficial ownership of more than five percent of the class of
  securities described in Item 1; and (2) has filed no amendment
  subsequent thereto reporting beneficial ownership of five
  percent or less of such class.)  (See Rule 13d-7.)

  *The remainder of this cover page shall be filled out for a
  reporting person's initial filing on this form with respect to
  the subject class of securities, and for any subsequent
  amendment containing information which would alter the
  disclosures provided in a prior cover page.

  The information required in the remainder of this cover page
  shall not be deemed to be "filed" for the purpose of Section
  18 of the Securities Exchange Act of 1934 ("Act") or otherwise
  subject to the liabilities of that section of the Act but
  shall be subject to all other provisions of the Act (however,
  see the Notes).


                  (Continued on following page(s))

                         Page 1 of 4 Pages


  


   CUSIP NO. 50216C108                             Page 2 of 4 Pages     
                                13G


    1   NAME OF REPORTING PERSONS
        S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
           
             Donald E. Whipple
             ###-##-####
                         
                      


    2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*        (a) [ ]    

           See Item 4                                            (b) [x]    

    3   SEC USE ONLY

       

    4   CITIZENSHIP OR PLACE OF ORGANIZATION
           
           United States of America
           

                   5   SOLE VOTING POWER
     NUMBER OF           
       SHARES            339,317
    BENEFICIALLY                  
      OWNED BY
        EACH       6   SHARED VOTING POWER
     REPORTING
    PERSON WITH           10,770
                                
                   7   SOLE DISPOSITIVE POWER

                         339,317
                                   

                   8   SHARED DISPOSITIVE POWER

                         10,770
                                

    9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             350,087
                      

   10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
        SHARES* 
            

   11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

             6.9%
                

   12   TYPE OF REPORTING PERSON*
           
           IN   
               *SEE INSTRUCTIONS BEFORE FILLING OUT!

  

                                                 Page 3 of 4 Pages


  ITEM 1(a)    Name of Issuer:  LSI Industries, Inc.

     1(b) Address of Issuer's Principal Executive Office:

          10000 Alliance Road        
          Cincinnati, Ohio 45242     

     2(a) Name of Persons Filing:  Donald E. Whipple

     2(b) Address of Principal Business Office:

          10000 Alliance Road
          Cincinnati, Ohio 45242

     2(c) Citizenship:   U.S.A.

     2(d) Title of Class of Securities:

           Common Stock, No Par Value

     2(e) CUSIP No.:     50216C 10 8

     3.   If this Statement is Filed Pursuant to Rules 13d-1(b)
          or 13d-2(b), check whether the Person Filing is a:  

           N/A

     4.   Ownership:

          (a)  See Item 9 of cover page.
          (b)  See Item 11 of cover page.
          (c)  See Items 5-8 of cover page.

          This Amendment No. 9 to Schedule 13G is being filed by
     Donald E. Whipple.  The original Schedule 13G and all Amend-
     ments that preceded Amendment No. 8 were filed by Robert J.
     Ready, James P. Sferra and Donald E. Whipple on the same
     Schedule 13G.

          Share numbers in Items 5, 7 and 9 include 13,828
     options for shares that are exercisable within 60 days. 
     Share numbers in Items 6, 8 and 9 include 10,770 shares held
     by Mr. Whipple's children for which Mr. Whipple disclaims
     beneficial ownership.


  


                                             Page 4 of 4 Pages


     5.   Ownership of 5% or less of class:  N/A

     6.   Ownership of more than 5% on behalf of another person:
          N/A

     7.   Identification and classification of the subsidiary
          which acquired the security being reported by the
          parent holding company:  N/A

     8.   Identification and classification of members of the
          group:    N/A

     9.   Notice of dissolution of group:    N/A

     10.  Certification:      N/A




     After reasonable inquiry and to the best of my knowledge and
  belief, I certify that the information set forth in this
  statement is true, complete and correct.



  Date:  February 9, 1995               Donald E. Whipple
                                        ___________________________         
                                        Donald E. Whipple