Pricing Supplement dated March 2, 1995                           
                                          Rule 424(b)(2)
          (To Prospectus dated December 2, 1994 and                        
                                       File No. 33-56195
          Prospectus Supplement dated December 2, 1994)

                                                          KIRBY CORPORATION
                                                   Medium-Term    Notes   
          Fixed Rate
          Principal Amount: $ 20,000,000

          Agent's Discount or Commission:  .25% of
          principal amount

          Net Proceeds to Issuer: $ 19,950,000

          Interest Rate:  7.77%

          Stated Maturity Date:  March 10, 1997

          Original Issue Date:  March 9, 1995
          Interest Payment Dates: April 15 and October 15  

          Redemption:
                           The Notes cannot be redeemed prior to the Stated
          Maturity Date.
                           The  Notes  may  be  redeemed  prior  to  Stated
          Maturity Date.
                           Initial Redemption Date:
                           Initial Redemption Percentage:  ____%
                           Annual Redemption Percentage  Reduction:   ____%
          until Redemption
                     Percentage is 100% of the Principal Amount.

          Repayment:
                           The Notes  cannot be repaid prior  to the Stated
          Maturity Date.
                           The  Notes may  be  repaid prior  to the  Stated
          Maturity Date at
                     the option of the holder of the Notes.
                           Optional Repayment Date(s): 
                           Repayment Price:  _____%

          Currency:
                   Specified Currency:  U.S. Dollars 
                   (If other than U.S. dollars, see attached)
                   Minimum Denominations: 
                   (Applicable  only if  Specified Currency  is  other than
          U.S. dollars)

          Original Issue Discount:    Yes      No             
                   Total Amount of OID:                       
                   Yield to Maturity:
                   Initial Accrual Period:





          Form:      Book-Entry                Certificated

          Agent:     Merrill Lynch & Co. and Salomon Brothers Inc

          Agents acting in the capacity as indicated below:
                     Agent                     Principal

          If as principal:
                           The Notes  are being offered  at varying  prices
          related to
                     prevailing market prices at the time of resale.
                           The Notes  are being offered at  a fixed initial
          public offering
                     price of 100% of principal amount.

          If as Agent:
                           The Notes  are being offered at  a fixed initial
          public offering
                     price of 100% of principal amount.

          Other Provisions:
                   None.