content: 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 7, 1995
                                                    ---------------
  
  
  
                       THE PARKWAY COMPANY
  - -----------------------------------------------------------------
         (Exact name of Registrant as specified in its charter)
                                  
  
  Texas                       0-12505                  74-2123597
  - -----------------------------------------------------------------
  (State or other       Commission File Number      (IRS Employer
   jurisdiction of                                   Identification
   incorporation)                                        Number)
  
  300 One Jackson Place, 188 E. Capitol St., Jackson, MS  39201
  - -----------------------------------------------------------------
  (Address of principal executive offices)              (Zip Code)
       
  
  Registrant's telephone number, including area code:(601)948-4091
                                                     -------------
  
  - -----------------------------------------------------------------
    (Former name or former address, if changed since last report)
  
  
  
  
  
  
  
                              FORM 8-K
                                  
                         THE PARKWAY COMPANY
                                  
  Item 5.   Other Events.
  
            On  July  7, 1995, the option contract that One Jackson
            Place,  Ltd.  had entered into to sell the One  Jackson
            Place  office  building  to  an  unrelated  party   was
            terminated.  The prospective purchaser had no funds  at
            risk  in  the  transaction.  One  Jackson  Place  is  a
            fourteen  story office building in the central business
            district of Jackson, Mississippi consisting of  217,991
            net  rentable  square  feet and  is  100%  leased.  The
            Parkway  Company owns an effective 73.125% interest  in
            the  One Jackson Place office building by virtue of its
            indirect  ownership of the partnership which  owns  the
            building.
  
  
  
  
  
  
  
                              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.
  
  DATED:  July 13, 1995
  
                                 THE PARKWAY COMPANY
  
  
  
                                  BY:  /s/ Sarah P. Clark
                                     ------------------------------
                                     Sarah P. Clark, Vice President
                                     and Chief Financial Officer
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 2991}]
metadata_filer: {"company-data": {"conformed-name": "PARKWAY CO/TX", "cik": "0000729237", "assigned-sic": "6512", "irs-number": "742123597", "state-of-incorporation": "TX", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-12505", "film-number": "95554047"}, "business-address": {"street1": "300 ONE JACKSON PL", "street2": "188 E CAPITOL ST STE 300", "city": "JACKSON", "state": "MS", "zip": "39225-2728", "phone": "6019484091"}, "mail-address": {"street1": "P O BOX 22728", "street2": "P O BOX 22728", "city": "JACKSON", "state": "MS", "zip": "39201"}}
text: 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 7, 1995
                                                    ---------------
  
                       THE PARKWAY COMPANY
  - -----------------------------------------------------------------
         (Exact name of Registrant as specified in its charter)
                                  
  
  Texas                       0-12505                  74-2123597
  - -----------------------------------------------------------------
  (State or other       Commission File Number      (IRS Employer
   jurisdiction of                                   Identification
   incorporation)                                        Number)
  
  300 One Jackson Place, 188 E. Capitol St., Jackson, MS  39201
  - -----------------------------------------------------------------
  (Address of principal executive offices)              (Zip Code)
       
  
  Registrant's telephone number, including area code:(601)948-4091
                                                     -------------
  
  - -----------------------------------------------------------------
    (Former name or former address, if changed since last report)
  
                              FORM 8-K
                                  
                         THE PARKWAY COMPANY
                                  
  Item 5.   Other Events.
  
            On  July  7, 1995, the option contract that One Jackson
            Place,  Ltd.  had entered into to sell the One  Jackson
            Place  office  building  to  an  unrelated  party   was
            terminated.  The prospective purchaser had no funds  at
            risk  in  the  transaction.  One  Jackson  Place  is  a
            fourteen  story office building in the central business
            district of Jackson, Mississippi consisting of  217,991
            net  rentable  square  feet and  is  100%  leased.  The
            Parkway  Company owns an effective 73.125% interest  in
            the  One Jackson Place office building by virtue of its
            indirect  ownership of the partnership which  owns  the
            building.
  
                              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.
  
  DATED:  July 13, 1995
  
                                 THE PARKWAY COMPANY
  
                                  BY:  /s/ Sarah P. Clark
                                     ------------------------------
                                     Sarah P. Clark, Vice President
                                     and Chief Financial Officer