SECURITIES AND EXCHANGE COMMISSION
                                    
                         Washington, D.C. 20549



                                FORM 8-K



                             CURRENT REPORT



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



  Date of Report (Date of earliest event reported):   July 29, 1997



                           IES UTILITIES INC.
         (Exact name of registrant as specified in its charter)



  Iowa                            0-4117-1               42-0331370
(State or other                 (Commission           (I.R.S. Employer
 jurisdiction of                  File No.)          Identification No.)
 incorporation)


                  IES Tower, Cedar Rapids, Iowa  52401
      (Address of principal executive offices, including zip code)


                             (319) 398-4411
                     (Registrant's telephone number)



Item 5.  Other Events.


     The following are selected summaries of the consolidated results of
operations  for IES Utilities Inc. for the periods ended June  30,  1997
and 1996:


                       Quarter Ended     Six Months Ended   Twelve Months Ended
                           June 30             June 30             June 30
                        1997      1996      1997      1996      1997      1996
                                       				(in thousands)
                                                                              
Operating revenues  $ 169,623 $ 164,240 $ 396,021 $ 363,008 $ 787,993 $ 742,323
                                                                                
Operating income    $  26,437 $  23,009 $  59,026 $  57,212 $ 155,539 $ 149,138
                                                                               
Net income available
  for common stock  $   6,662 $   7,001 $  18,285 $  20,900 $  60,199 $  62,494


      Operating  income for the quarter was up versus the  prior  period
primarily due to increased electric and steam sales.  The recording of a
reserve  for  non-utility  investments  and   higher   interest  expense 
resulting from increased borrowings to  fund the growth of the company's
utility business partially offset the sales increases.

      Earnings  for the six-month period ended June 30, 1997, were  down
versus the same period last year due to higher interest and depreciation
expenses  and the  investment  reserve,  partially  offset by  increased
electric and steam sales.

          IES Utilities continued to realize sales growth in its service
territory,  reporting increased electric kilowatt-hour sales,  excluding
off-system sales, of 4 percent for the quarter and six month periods, as
compared  to a year ago.  In addition, sales to IES Utilities'  electric
industrial customers increased 6 percent and 8 percent during the  three
and  six  month  periods, respectively.  Natural gas  volumes  sold  and
transported were up 2.6 percent for the quarter.



                               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 thereunto duly authorized.





                                           IES UTILITIES INC.
                                              (Registrant)




                                           By /s/    John E. Ebright
                                                       (Signature)
                                                     John E. Ebright
                                           Controller & Chief Accounting Officer


Date:  July 29, 1997
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 3745}]
{"company-data": {"conformed-name": "IES UTILITIES INC", "cik": "0000052485", "assigned-sic": "4931", "irs-number": "420331370", "state-of-incorporation": "IA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-04117", "film-number": "97647498"}, "business-address": {"street1": "200 FIRST ST SE", "street2": "IES TOWER", "city": "CEDAR RAPIDS", "state": "IA", "zip": "52401", "phone": "3193984411"}, "former-company": [{"former-conformed-name": "IOWA ELECTRIC LIGHT & POWER CO", "date-changed": "19920703"}, {"former-conformed-name": "IOWA RAILWAY & LIGHT CORP", "date-changed": "19670629"}]}
SECURITIES AND EXCHANGE COMMISSION
                                    
                         Washington, D.C. 20549

                                FORM 8-K

                             CURRENT REPORT

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

  Date of Report (Date of earliest event reported):   July 29, 1997

                           IES UTILITIES INC.
         (Exact name of registrant as specified in its charter)

  Iowa                            0-4117-1               42-0331370
(State or other                 (Commission           (I.R.S. Employer
 jurisdiction of                  File No.)          Identification No.)
 incorporation)

                  IES Tower, Cedar Rapids, Iowa  52401
      (Address of principal executive offices, including zip code)

                             (319) 398-4411
                     (Registrant's telephone number)

Item 5.  Other Events.

     The following are selected summaries of the consolidated results of
operations  for IES Utilities Inc. for the periods ended June  30,  1997
and 1996:

                       Quarter Ended     Six Months Ended   Twelve Months Ended
                           June 30             June 30             June 30
                        1997      1996      1997      1996      1997      1996
                                       				(in thousands)
                                                                              
Operating revenues  $ 169,623 $ 164,240 $ 396,021 $ 363,008 $ 787,993 $ 742,323
                                                                                
Operating income    $  26,437 $  23,009 $  59,026 $  57,212 $ 155,539 $ 149,138
                                                                               
Net income available
  for common stock  $   6,662 $   7,001 $  18,285 $  20,900 $  60,199 $  62,494

      Operating  income for the quarter was up versus the  prior  period
primarily due to increased electric and steam sales.  The recording of a
reserve  for  non-utility  investments  and   higher   interest  expense 
resulting from increased borrowings to  fund the growth of the company's
utility business partially offset the sales increases.

      Earnings  for the six-month period ended June 30, 1997, were  down
versus the same period last year due to higher interest and depreciation
expenses  and the  investment  reserve,  partially  offset by  increased
electric and steam sales.

          IES Utilities continued to realize sales growth in its service
territory,  reporting increased electric kilowatt-hour sales,  excluding
off-system sales, of 4 percent for the quarter and six month periods, as
compared  to a year ago.  In addition, sales to IES Utilities'  electric
industrial customers increased 6 percent and 8 percent during the  three
and  six  month  periods, respectively.  Natural gas  volumes  sold  and
transported were up 2.6 percent for the quarter.

                               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 thereunto duly authorized.

                                           IES UTILITIES INC.
                                              (Registrant)

                                           By /s/    John E. Ebright
                                                       (Signature)
                                                     John E. Ebright
                                           Controller & Chief Accounting Officer

Date:  July 29, 1997