-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 OmhC2UKMYKDOby1cOip3EpA8e3JSiiyWQf8NtDBUYUjvQM3m/NL8Frdg8s6QuI5I
 z5SMf1UWh5Uzqt3Am7O2Jg==

<SEC-DOCUMENT>0000950134-96-002730.txt : 19981116
<SEC-HEADER>0000950134-96-002730.hdr.sgml : 19981116
ACCESSION NUMBER:		0000950134-96-002730
CONFORMED SUBMISSION TYPE:	10-C
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19960614
FILED AS OF DATE:		19960607

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INCOME OPPORTUNITY REALTY INVESTORS INC /TX/
		CENTRAL INDEX KEY:			0000949961
		STANDARD INDUSTRIAL CLASSIFICATION:	6798
		IRS NUMBER:				752615944
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-C
		SEC ACT:		
		SEC FILE NUMBER:	001-14784
		FILM NUMBER:		96577953

	BUSINESS ADDRESS:	
		STREET 1:		10670 N CENTRAL EXPRSWY STE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75231
		BUSINESS PHONE:		2146924700

	MAIL ADDRESS:	
		STREET 1:		10670 NORTH CENTRAL EXPRESSWAY
		STREET 2:		SUITE 600
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75231
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-C
<SEQUENCE>1
<DESCRIPTION>FORM 10-C
<TEXT>

<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-C

                REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ

                          INTERDEALER QUOTATION SYSTEM

                  Filed pursuant to Section 13 or 15(d) of the

                Securities Exchange Act of 1934 and Rule 13a-17

                              or 15d-17 thereunder


                   INCOME OPPORTUNITY REALTY INVESTORS, INC.
 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
                 (Exact name of issuer as specified in charter)

         10670 North Central Expressway, Suite 300, Dallas, Texas 75231
 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
                    (Address of principal executive offices)

                                                      (214) 692-4700
Issuer's telephone number, including area code  . . . . . . . . . . . . . . . .


                   I. CHANGE IN NUMBER OF SHARES OUTSTANDING
   Indicate any change (increase or decrease) of 5% or more in the number of
                              shares outstanding

1.       Title of security:  COMMON STOCK, PAR VALUE $0.01 PER SHARE
2.       Number of shares outstanding before the change:    770,744
3.       Number of shares outstanding after the change:   1,541,488
4.       Effective date of Change:    JUNE 14, 1996
5.       Method of change:

         Specify method (such as merger, acquisition, exchange, distribution,
stock split, reverse split, acquisition of stock for treasury, etc.):
2-FOR-1 FORWARD SHARE SPLIT

         Give brief description of transaction:  THIS IS A FORWARD SPLIT ON A
2-FOR-1 BASIS OF THE SHARES OF COMMON STOCK, PAR VALUE $0.01 PER SHARE, WITHOUT
ANY ADJUSTMENT TO PAR VALUE, IN THE FORM OF A 100% DISTRIBUTION FOR EACH SHARE
OF COMMON STOCK HELD, WITH THE INTENTION THAT EACH SHAREHOLDER RETAIN THE
SHARES PRESENTLY HELD AND RECEIVE AN ADDITIONAL SHARE OF COMMON STOCK FOR EACH
SHARE OF COMMON STOCK HELD.  THERE WILL BE NO FRACTIONAL SHARES.

                          II. CHANGE IN NAME OF ISSUER
1.       Name prior to change   . . . . . . . . . . . . . . . . . . . . . . . .
2.       Name after change  . . . . . . . . . . . . . . . . . . . . . . . . . .
3.       Effective date of charter amendment changing name  . . . . . . . . . .
4.       Date of shareholder approval of change, if required  . . . . . . . . .


Date    June 6, 1996                 INCOME OPPORTUNITY REALTY INVESTORS, INC.


                                     By /s/ ROBERT A. WALDMAN
                                        ----------------------------------------
                                        Robert A. Waldman, Senior Vice President
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
