SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C. 20549


                             FORM 1O-K/A



        [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
            THE SECURITIES EXCHANGE ACT OF 1934
            For the fiscal year ended December 31, 1995

        [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
            OF THE SECURITIES EXCHANGE ACT OF 1934
            Commission file number 0-15950


                      FIRST BUSEY CORPORATION

        (Exact name of registrant as specified in its Charter)

                    Nevada                            37-1078406
      (State or other jurisdiction of              I.R.S. Employer
       incorporation or organization)            Identification No.)

              201 W. Main Street
                Urbana, Illinois                      61801
     (Address of principal executive offices)       (Zip Code)

                           (217) 384-4513
        (Registrant's telephone number, including area code)
   Securities registered pursuant to Section 12(b) of the Act:

                                 None
     Securities registered pursuant to Section 12(g) of the Act:
             Class A Common Stock, without par value 

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 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]

As of February  29, 1996, the aggregate market value of the
Class A Common Stock held by non-affiliates was $67,681,460.
Class B Common Stock is held by affiliates. The market value of
the Class A Common Stock is based on the "Bid" price for such
stock as reported in the National Quotation Bureau's "Pink
Sheets" on that date. Affiliates include all directors,
executive officers and beneficial holders owning 5% or more of
the shares.

Indicate the number of shares outstanding of each of the
Registrant's classes of common stock, as of the latest
practicable date.



Class                                         Outstanding at February  29, 1996
- ----------------------------------------      ---------------------------------
                                           
Class A Common Stock, without par value                     3,785,016
Class B Common Stock, without par value                       750,000



               DOCUMENTS INCORPORATED BY REFERENCE

Portions of the definitive Proxy Statement dated March 18, 1996
for First Busey Corporation's Annual Meeting of Stockholders to
be held on April 16, 1996 (the "1996 Proxy Statement") are
incorporated by reference into Part III. 


This Form 10-K/A is filed for the purpose of properly submitting Exhibit 27 - Financial Data Schedule. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this amendment to be signed on its behalf by the undersigned, thereunto duly authorized. FIRST BUSEY CORPORATION _______________________ (Registrant) By _______________________________ Barbara J. Kuhl Executive Vice President and Corporate Secretary Dated: May 7, 1996

  

9 This schedule contains summary financial information extracted from the Company's Financial Statements for the fiscal year ended December 31, 1995 and is qualified in its entirety by reference to such financial statements. 1,000 YEAR DEC-31-1995 DEC-31-1995 39,358 0 650 0 223,016 61,501 62,625 481,772 5,473 844,666 744,897 21,674 5,317 5,000 0 0 6,291 61,487 844,666 39,763 13,847 884 54,494 24,632 26,515 27,979 395 206 24,069 12,074 8,775 0 0 8,775 1.90 1.90 7.99 532 897 0 750 5,235 680 523 5,473 0 0 115