UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C.  20549
                                     FORM 10-Q/A


__X__  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
       EXCHANGE ACT OF 1934

For nine months ended May 31, 2001.

                                         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 0-261.


                                    ALICO, INC.
              (Exact name of registrant as specified in its charter)


           Florida                                         59-0906081
(State or other jurisdiction of                         (I.R.S. Employer
 incorporation of organization)                        Identification No.)

      P. O. Box 338, La Belle, FL                             33975
(Address of principal executive offices)                   (Zip Code)

Registrant's telephone number, including area code     863/675-2966



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



There were 7,044,513 shares of common stock, par value $1.00 per share,
outstanding at July 16, 2001.



ITEM 2.  Management's Discussion and Analysis of Financial Condition and
Results of Operations.


General Corporate
_________________

During May 2001, the Company entered into a contract to sell
approximately 2,500 acres of its Lee County property for $29
million.