UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549 FORM 10-Q/A
Amendment No. 1

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

           For Quarterly period ended      June 30, 2001   

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 1-7677

                  LSB INDUSTRIES, INC.                    
   Exact name of Registrant as specified in its charter

        DELAWARE                         73-1015226       
State or other jurisdiction          I.R.S. Employer
incorporation or organization        Identification No. 16 South Pennsylvania, Oklahoma City, Oklahoma 73107
Address of principal executive offices (Zip Code)                (405) 235-4546                     
Registrant's telephone number, including area code

                                                                           None                        
        Former name, former address and former fiscal 
             year, if changed since last report.

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    

The number of shares outstanding of the Registrant's voting Common Stock, as of July 31, 2001, was 11,924,203 shares excluding 3,272,426 shares held as treasury stock.

PART II OTHER INFORMATION

Item 6. Exhibits and Reports on Form 8-K

      (A)   Exhibits. The Company has included the following
            exhibits in this report:

            10.1  Covenant Waiver Letter, dated August 2, 
                  2001, between The CIT Group and DSN
                  Corporation.*

            10.2  Anhydrous Ammonia Sales Agreement, dated 
                  June 30, 2001, between Koch Nitrogen 
                  Company and El Dorado Chemical Company. 
                  CERTAIN INFORMATION WITHIN THIS EXHIBIT 
                  HAS BEEN OMITTED AS IT IS THE SUBJECT 
                  OF A REQUEST BY THE COMPANY FOR 
                  CONFIDENTIAL TREATMENT BY THE SECURITIES 
                  AND EXCHANGE COMMISSION UNDER THE FREEDOM 
                  OF INFORMATION ACT. THE OMITTED 
                  INFORMATION HAS BEEN FILED SEPARATELY 
                  WITH THE SECRETARY OF THE SECURITIES 
                  AND EXCHANGE COMMISSION FOR PURPOSES 
                  OF SUCH REQUEST.

             15.1 Letter Re: Unaudited Interim Financial
                  Information.*

___________
* indicates this exhibit was submitted with the Company's quarterly report on Form 10-Q filed with the Commission on August 20, 2001.

(B)  Reports of Form 8-K. The Company did not file any 
     reports on Form 8-K during the quarter ended June 30, 2001.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has caused the undersigned, duly authorized, to sign this report on its behalf on this 21^st day of September, 2001.

                              LSB INDUSTRIES, INC.

                                                                           By: /s/ Tony M. Shelby          
                                                                                  Tony M. Shelby,
                                                                                  Senior Vice President of Finance
                                                                                 (Principal Financial Officer)


                              By:  /s/ Jim D. Jones           
                                                                                  Jim D. Jones
                                                                                  Vice President, Controller and
                                 Treasurer
                                                                                 (Principal Accounting Officer)