PAGE


                      SECURITIES AND EXCHANGE COMMISSION

                           Washington, D.C.   20549

                                  FORM 10-K/A

                               (AMENDMENT NO. 2)

[ X ]           ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF

                        THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 1993

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 0-11902

                             GIBSON GREETINGS, INC.



Incorporated under the laws                            IRS Employer
  of the State of Delaware                     Identification No. 52-1242761




                    2100 Section Road, Cincinnati, Ohio 45237
                    Telephone Number:  Area Code 513-841-6600



Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act:
Common Stock, $.01 par value; Preferred Stock Purchase Rights


          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 by check mark  if disclosure of delinquent  filers pursuant
to  Item  405  of  Regulation  S-K  is  not  contained herein, and will not be
contained,  to  the  best  of  registrant's  knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K.  [ X ]


          The aggregate market value of  the Common Stock, $.01 par  value, of
the registrant held by  non-affiliates of the registrant  as of June 12,  1995
was approximately $ 183,022,000.


          Indicate  the  number   of  shares  outstanding   of  each  of   the
registrant's  classes  of  common  stock,  as  of the latest practicable date:
16,089,829 shares of Common Stock, $.01 par value, at June 12, 1995.

        Documents incorporated by reference:
                Portions of Gibson Greetings, Inc.'s Proxy Statement for the
                1994 Annual Meeting of Stockholders are incorporated by
                reference in Part III.

PAGE


In late March 1995, the  Securities and Exchange Commission (SEC)  advised the
Company that it believed that the Company should restate its 1993 consolidated
financial statements due to the SEC's allegation that Bankers Trust caused the
Company  to  materially  understate  its  unrealized losses related to certain
derivative  transactions  during  1993.    The  Company  has restated its 1993
consolidated  financial  statements  to  reflect  unrealized losses on certain
derivative transactions during 1993.  The restated 1993 consolidated financial
statements can be found in the Company's Form 10-K/A (Amendment No. 1) for the
fiscal year  ended December  31, 1994  and reference  should be  made to  that
document for the restated 1993 financial results.


The restatement affects the following items:

Item 5.  Market for the Registrant's Common Stock and Related Stockholder
         Matters

Item 6.  Selected Financial Data

Item 7.  Management's Discussion and Analysis of Financial Condition and
         Results of Operations

Item 8.  Financial Statements and Supplementary Data
PAGE

SIGNATURES

Pursuant  to  the  requirements  of  the  Securities Exchange Act of 1934, the
registrant has duly caused this amended  report to be signed on its  behalf by
the undersigned, thereunto duly authorized as of the 19th day of June 1995.

                                Gibson Greetings, Inc.

                                By      /s/ William L. Flaherty
                                        -----------------------
                                        William L. Flaherty
                                        Vice President - Finance and
                                        Chief Financial Officer