Form: SC 13G/A

Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions

February 12, 1998

SC 13G/A: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions

Published on February 12, 1998


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



SCHEDULE 13G



Under the Securities Exchange Act of 1934

(Amendment No. 2 )




Omega Healthcare Investors, Inc.
- -----------------------------------------------------------------------------
(Name of Issuer)

Common Stock
- -----------------------------------------------------------------------------
(Title of Class of Securities)

681936-10-0
--------------------------------------
(CUSIP Number)

Check the following box if a fee is being paid with this statement .
(A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent
of the class of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership of five percent
or less of such class.) (See Rule 13d-7).

*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).

CUSIP No. 681936-10-0 Page 2 of 13 Pages
13G

1 NAME OF REPORTING PERSON
S.S OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON

INVESCO PLC
No SS or IRS Identification Number

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)
---
(b) X
---
3 SEC USE ONLY


4 CITIZENSHIP OR PLACE OF ORGANIZATION
England

5 SOLE VOTING POWER
NUMBER OF SHARES None
BENEFICIALLY OWNED
BY EACH REPORTING 6 SHARED VOTING POWER
PERSON WITH 500,000

7 SOLE DISPOSITIVE POWER
None

8 SHARED DISPOSITIVE POWER
500,000

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,000

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.2%

12 TYPE OF REPORTING PERSON*
H.C.

*SEE INSTRUCTION BEFORE FILLING OUT
CUSIP No. 681936-10-0 Page 3 of 13 Pages
13G

1 NAME OF REPORTING PERSON
S.S OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON

INVESCO North American Group, Ltd.
No SS or IRS Identification Number

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)
---
(b) X
---
3 SEC USE ONLY


4 CITIZENSHIP OR PLACE OF ORGANIZATION
England

5 SOLE VOTING POWER
NUMBER OF SHARES None
BENEFICIALLY OWNED
BY EACH REPORTING 6 SHARED VOTING POWER
PERSON WITH 500,000

7 SOLE DISPOSITIVE POWER
None

8 SHARED DISPOSITIVE POWER
500,000

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,000

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.2%

12 TYPE OF REPORTING PERSON*
H.C.

*SEE INSTRUCTION BEFORE FILLING OUT
CUSIP No. 681936-10-0 Page 4 of 13 Pages
13G

1 NAME OF REPORTING PERSON
S.S OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON

INVESCO, Inc.
IRS Identification Number 58-1995394

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)
---
(b) X
---
3 SEC USE ONLY


4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware

5 SOLE VOTING POWER
NUMBER OF SHARES None
BENEFICIALLY OWNED
BY EACH REPORTING 6 SHARED VOTING POWER
PERSON WITH 500,000

7 SOLE DISPOSITIVE POWER
None

8 SHARED DISPOSITIVE POWER
500,000

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,000

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.2%

12 TYPE OF REPORTING PERSON*
H.C.

*SEE INSTRUCTION BEFORE FILLING OUT
CUSIP No. 681936-10-0 Page 5 of 13 Pages
13G

1 NAME OF REPORTING PERSON
S.S OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON

INVESCO North American Holdings, Inc. IRS
Identification Number 51-0264787

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)
---
(b) X
---
3 SEC USE ONLY


4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware

5 SOLE VOTING POWER
NUMBER OF SHARES None
BENEFICIALLY OWNED
BY EACH REPORTING 6 SHARED VOTING POWER
PERSON WITH 500,000

7 SOLE DISPOSITIVE POWER
None

8 SHARED DISPOSITIVE POWER
500,000

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,000

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.2%

12 TYPE OF REPORTING PERSON*
H.C.

*SEE INSTRUCTION BEFORE FILLING OUT
CUSIP No. 681936-10-0 Page 6 of 13 Pages
13G

1 NAME OF REPORTING PERSON
S.S OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON

INVESCO Funds Group, Inc.
IRS Identification Number 84-0235630

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)
---
(b) X
---
3 SEC USE ONLY


4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware

5 SOLE VOTING POWER
NUMBER OF SHARES None
BENEFICIALLY OWNED
BY EACH REPORTING 6 SHARED VOTING POWER
PERSON WITH 500,000

7 SOLE DISPOSITIVE POWER
None

8 SHARED DISPOSITIVE POWER
500,000

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,000

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.2%

12 TYPE OF REPORTING PERSON*
H.C.

*SEE INSTRUCTION BEFORE FILLING OUT
Schedule 13G Page 7 of 13 Pages
Item 1 (a) Name of Issuer:

Omega Healthcare Investors, Inc.

Item 1 (b) Address of Issuer's Principal Executive Offices:

905 W. Eisenhower Circle, Ste 110
Ann Arbor, MI 48103

Item 2 (a) Name of Person filing:

INVESCO PLC

Item 2 (b) Address of Principal Office:

11 Devonshire Square
London EC2M 4YR
England

Item 2 (c) Citizenship:

Organized under the laws of England

Item 2 (d) Title of Class of Securities:

Common Stock

Item 2 (e) Cusip Number: 681936-10-0


Item 3 If this statement is filed pursuant to Rules 13d-1(b) or
13d-2(b), check whether the person filing is a:

(a) ( ) Broker or Dealer registered under Section 15 of the Act.
(b) ( ) Bank as defined in Section 3(a)(6) of the Act.
(c) ( ) Insurance Company as defined in Sec. 3(a)(19) of the Act.
(d) ( ) Investment Company registered under Section 8 of the Investment
Company Act.
(e) ( ) Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
(f) ( ) Employee Benefit Plan, Pension Fund which is subject to
provisions of Employee Retirement Income Security Act
of 1974 or Endowment Fund; see Sec. 240.13d-
1(b)(1)(ii)(F).
(g) (X) Parent Holding Company in accordance with Section
240.13d-1(b)(ii)(G). (Note: see Item 7)
(h) ( ) Group, in accordance with Section 240.13d-1(b)(1)(ii)(H).
Schedule 13G Page 8 of 13 Pages
Item 4 Ownership:

*The information in items 1 and 5 through 11 on the cover pages
(pp. 2-5) on Schedule 13G is hereby incorporated by reference.

The reporting persons expressly declare that the filing of this
statement on Schedule 13G shall not be construed as an admission
that they are, for the purposes of Section 13(d) or 13(g) of the
Securities and Exchange Act of 1934, the beneficial owners of any
securities covered by this statement.

Item 5 Ownership of five percent or less of a class.

If this statement is being filed to report that as of the date
hereof, the reporting person has ceased to be the beneficial owner
of more than five percent of the class of securities, check the
following X.
---

Item 6 Ownership of more than five percent on behalf of another person.

The reporting persons hold the securities covered by this report on
behalf of other persons who have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the
sale of such securities. The interest of any such persons does not
exceed 5% of the class of securities.

Item 7 Identification and classification of the subsidiaries which acquired
the security being reported on by the Parent Holding Company:

X INVESCO North American Group, Ltd. - holding
--- company in accordance with Rule 13d-1(b)(ii)(G).
X INVESCO, Inc. - holding company also in
--- accordance with Rule 13d-1(b)(ii)(G).
X INVESCO North American Holdings, Inc. - holding
--- company also in accordance with Rule 13d-1(b)(ii)(G).
INVESCO Capital Management, Inc. -
--- investment adviser registered under Section 203 of the
Investment Advisers Act of 1940.
X INVESCO Funds Group, Inc. - investment adviser
--- registered under Section 203 of the Investment Advisers
Act of 1940.
Schedule 13G Page 9 of 13 Pages


INVESCO Management & Research -
--- investment adviser registered under Section 203 of the
Investment Advisers Act of 1940.
INVESCO MIM Management Limited -
--- investment adviser organized under the laws of
England.

Subsidiaries not indicated with (X) have acquired no shares of
security being reported on.

Item 8 Identification and Classification of Members of a Group.

Not applicable.

Item 9 Notice of Dissolution of Group.

Not applicable.

Schedule 13G Page 10 of 13 Pages
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.

Date: February 14, 1995

/s/ Graeme Proudfoot
--------------------------------------
Graeme Proudfoot, as Company
Secretary for each of INVESCO PLC and INVESCO
North American Group, Ltd.
Schedule 13G Page 11 of 13 Pages


Item 10 Certification:

By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purposes or effect.

After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.


February 14, 1995
- ---------------------------------
Date


/s/ Penelope P. Alexander
- -------------------------------------------
Penelope P. Alexander, Secretary
INVESCO, Inc.
Schedule 13G Page 12 of 13
Pages


Item 10 Certification:

By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purposes or
effect.

After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.


February 14, 1995
- ---------------------------------
Date


/s/ Dan J. Hesser
- ---------------------------------
Dan J. Hesser, Secretary
INVESCO North American Holdings, Inc.
Schedule 13G Page 13 of 13 Pages


Item 10 Certification:

By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purposes or effect.

After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.


February 14, 1995
- ---------------------------------
Date


/s/ Glen A. Payne
- ---------------------------------
Glen A. Payne, Secretary
INVESCO Funds Group, Inc.