content: SECURITIES AND EXCHANGE COMMISSION
  
                           WASHINGTON, DC  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):  October 2, 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)
  
  <PAGE>
                                FORM 8-K
  
                           THE PARKWAY COMPANY
  
  
  Item 2.   Acquisition or Disposition of Assets.
  
                 On October 2, 1995, The Parkway Company ("Parkway")
            purchased the IBM Building in Jackson, Mississippi from
            ICMPI (Jackson), Inc., a wholly owned subsidiary of
            Bedford Property Investors, Inc., an unrelated party, for
            $6,500,000.  The IBM Building is a four story brick
            office building with approximately 90,000 square feet of
            rentable area and surface parking for approximately 362
            automobiles.  The building was built in 1985 and the
            occupancy at the purchase date was 92%.  Eleven tenants
            occupy the premises.  Four major tenants -- IBM, Conway
            Computer Group, General Electric and GMAC -- occupy more
            than 50% of the space in aggregate.  The $6,500,000
            purchase price was funded with existing cash reserves. 
            On September 19, 1995, Security Centre', Inc., a wholly
            owned subsidiary of The Parkway Company, received funding
            of $10,000,000 on a term loan from Deposit Guaranty
            National Bank ("DGNB") which is secured by the investment
            in Mtel Centre' in Jackson, Mississippi.  The note
            accrues interest at DGNB's prime rate, interest payments
            are due monthly with principal due upon maturity on
            February 5, 1997.  Cash proceeds from this loan funding
            contributed to the cash reserves used to purchase the IBM
            Building.
  
  Item 7.   Financial Statements and Exhibits.
  
                 (a)  Financial Statements of the IBM Building
  
                 It is impractical to provide the audited financial
            statements of the IBM Building required by Item 7(a) of
            Form 8-K, but such financial statements will be filed as
            soon as practical but not later than 60 days after the
            filing of this Form 8-K.
  
                 (b)  Pro Forma Consolidated Financial Statements.
  
                 The pro forma consolidated financial statements will
            be filed with the audited financial statements of the IBM
            Building.
  
                 (c)  Exhibits.
  
                           (10) Agreement to Sell Improved Real
                      Property dated August 22, 1995 between ICMPI
                      (Jackson), Inc. and The Parkway Company.
  
  <PAGE>
                                     FORM 8-K
  
                                THE PARKWAY COMPANY
  
  
                                    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.
  
  DATE:     October 16, 1995
  
                                          THE PARKWAY COMPANY
  
  
  
                                BY:       /s/Sarah P. Clark
                                          Sarah P. Clark           
                                          Vice President, 
                                          Chief Financial Officer
                                          and Secretary
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 4670}]
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": "001-11533", "film-number": "95580836"}, "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, DC  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):  October 2, 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 2.   Acquisition or Disposition of Assets.
  
                 On October 2, 1995, The Parkway Company ("Parkway")
            purchased the IBM Building in Jackson, Mississippi from
            ICMPI (Jackson), Inc., a wholly owned subsidiary of
            Bedford Property Investors, Inc., an unrelated party, for
            $6,500,000.  The IBM Building is a four story brick
            office building with approximately 90,000 square feet of
            rentable area and surface parking for approximately 362
            automobiles.  The building was built in 1985 and the
            occupancy at the purchase date was 92%.  Eleven tenants
            occupy the premises.  Four major tenants -- IBM, Conway
            Computer Group, General Electric and GMAC -- occupy more
            than 50% of the space in aggregate.  The $6,500,000
            purchase price was funded with existing cash reserves. 
            On September 19, 1995, Security Centre', Inc., a wholly
            owned subsidiary of The Parkway Company, received funding
            of $10,000,000 on a term loan from Deposit Guaranty
            National Bank ("DGNB") which is secured by the investment
            in Mtel Centre' in Jackson, Mississippi.  The note
            accrues interest at DGNB's prime rate, interest payments
            are due monthly with principal due upon maturity on
            February 5, 1997.  Cash proceeds from this loan funding
            contributed to the cash reserves used to purchase the IBM
            Building.
  
  Item 7.   Financial Statements and Exhibits.
  
                 (a)  Financial Statements of the IBM Building
  
                 It is impractical to provide the audited financial
            statements of the IBM Building required by Item 7(a) of
            Form 8-K, but such financial statements will be filed as
            soon as practical but not later than 60 days after the
            filing of this Form 8-K.
  
                 (b)  Pro Forma Consolidated Financial Statements.
  
                 The pro forma consolidated financial statements will
            be filed with the audited financial statements of the IBM
            Building.
  
                 (c)  Exhibits.
  
                           (10) Agreement to Sell Improved Real
                      Property dated August 22, 1995 between ICMPI
                      (Jackson), Inc. and The Parkway Company.
  FORM 8-K
  
                                THE PARKWAY COMPANY
  
                                    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.
  
  DATE:     October 16, 1995
  
                                          THE PARKWAY COMPANY
  
                                BY:       /s/Sarah P. Clark
                                          Sarah P. Clark           
                                          Vice President, 
                                          Chief Financial Officer
                                          and Secretary