SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C.  20549 
  
                                 SCHEDULE 13D 
                               (Amendment No. 1) 
  
                 Under the Securities Exchange Act of 1934 
  
                              MAY & SPEH, INC. 
           ____________________________________________________________ 
                                (Name of Issuer)  
  
                  Common Stock, Par Value $0.01 per Share 
           ____________________________________________________________ 
                      (Title of Class and Securities) 
  
                                 577777 10 5 
             ____________________________________________________________ 
                     (CUSIP Number of Class of Securities) 
  
                             Charles D. Morgan 
                             Acxiom Corporation 
                               P.O. Box 2000 
                          301 Industrial Boulevard 
                        Conway, Arkansas 72033-2000 
                         Telephone:  (501) 336-1302 
  
                              With a copy to: 
  
                          J. Michael Schell, Esq. 
                      Skadden, Arps, Slate, Meagher & Flom LLP 
                                919 Third Avenue 
                           New York, New York  10022 
                           Telephone:  (212) 735-3000 
  
           _____________________________________________________________ 
            (Name, Address and Telephone Number of Person Authorized 
                     to Receive Notices and Communications) 
  
                             September 17, 1998 
           ____________________________________________________________  
                         (Date of Event which Requires 
                           Filing of this Statement) 
  
            If the filing person has previously filed a statement on 
            Schedule 13G to report the acquisition which is the 
            subject of this Statement because of Rule 13d-1(b)(3) or 
            (4), check the following box:   ( ) 
  
                       (Continued on following pages) 
                            (Page 1 of 4 pages) 

                                SCHEDULE 13D 

      CUSIP No. 577777 10 5                        Page 2 of 4 pages 

      (1)  NAMES OF REPORTING PERSONS 
           S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS 
           Acxiom Corporation (71-0581897) 
  
      (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:  

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

      (4)  SOURCE OF FUNDS 
           BK, WC, OO 
  
      (5)  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
           PURSUANT TO ITEMS 2(d) or 2(e)               (  ) 

      (6)  CITIZENSHIP OR PLACE OF ORGANIZATION 
           Delaware 
       
                                      (7)  SOLE VOTING POWER 
            NUMBER OF                      1000  
             SHARES                  
          BENEFICIALLY                (8)  SHARED VOTING POWER 
            OWNED BY                       NONE 
              EACH                   
            REPORTING                 (9)  SOLE DISPOSITIVE POWER 
             PERSON                        1000  
              WITH                 
                                     (10)  SHARED DISPOSITIVE POWER 
                                           NONE 
  
      (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 
           1000  
   
      (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN 
           SHARES                                      ( ) 

      (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 
           100% 
   
      (14) TYPE OF REPORTING PERSON 
           CO 

  
           This Amendment No. 1 amends and supplements the Statement on
 Schedule 13D dated May 26, 1998, filed by Acxiom Corporation, a Delaware
 corporation ("Acxiom"), relating to the shares (the "Shares"), of common
 stock,par value $.01 per share of may & Speh, Inc. ("May & Speh"). 
  
 Item 4.  Purpose of Transaction. 
  
           Item 4 is hereby amended and supplemented by adding the
 following: 
  
           This Amendment No. 1 is being filed to report that ACX
 Acquisition Co., Inc., a Delaware corporation ("Merger Sub") and a wholly
 owned subsidiary of Acxiom, was merged (the "Merger") with and into May &
 Speh on September 17, 1998 (the "Effective Time") with May & Speh as the
 surviving corporation in the Merger (the "Surviving Corporation"). As a
 result of the Merger, (i) all outstanding Shares were converted into the
 right to receive 0.8 of a share of Acxiom common stock, (ii) each share of
 common stock of Merger Sub issued and outstanding immediately prior to the
 Effective time was converted into one share of common stock  of the
 Surviving Corporation, and (iii) May & Speh became a wholly owned
 subsidiary of Acxiom.    
  
           Acxiom issued a press release on September 17, 1998 with
 respect to the Merger.  A copy of the press release is attached hereto as
 Exhibit 12 and is incorporated herein by reference. 
  
 Item 5.   Interest in Securities of the Issuer. 
  
           Item 5 is hereby amended and supplemented by adding the
 following: 
  
           This Amendment No. 1 is being filed to report that in connection
 with the Merger, Acxiom beneficially owns 1000 Shares or 100% of the voting
 power and dispositive power of May & Speh. 
  
 Item 7.  Material To Be Filed as Exhibits. 
      
           Item 7 is hereby amended by adding the following exhibit: 
            
           Exhibit 12-- Press Release issued by Acxiom on September 17, 1998.

  
                                 SIGNATURE 
  
           After reasonable inquiry and to the best of my knowledge and  
 belief, I certify that the information set forth is true, complete and  
 correct. 
  
 Dated:  September 18, 1998 
  
                                         ACXIOM CORPORATION 

                                         By:   /s/ Catherine L. Hughes 
                                               __________________________
                                         Name:   Catherine L. Hughes 
                                         Title:  Secretary and  
                                                 General Counsel

                                  EXHIBIT INDEX

 Exhibit                       Description                    
  
  12            Press Release issued by Acxiom on 
                September 17, 1998 

                                                               Exhibit 12

 Acxiom Corporation                      May & Speh, Inc. 
 301 Industrial Blvd.                    1501 Opus Place 
 P.O. Box 2000                           Downers Grove, IL 60515-5713 
 Conway, AR 72233-2000                    
  
 For more information, contact:          For more information, contact: 
  
 Robert S. Bloom                         Eric Loughmiller 
 Company Finance Leader                  Chief Financial Officer 
 (501) 336-1321                          (630) 719-0432 

                   ACXIOM(R) CORPORATION AND MAY & SPEH, INC.
                              COMPLETE MERGER 
  
           CONWAY, AR AND DONWERS GROVE, IL, SEPTEMBER 17, 1998  
 Acxiom(R) Corporation (Nasdaq:  ACXM) and May & Speh, Inc.
 (Nasdaq
 SPEH) today jointly announced completion of their merger.  As a
 result of the merger, which became effective today following approval by
 the stockholders of each company, May & Speh will become a wholly-owned
 subsidiary of Acxiom.  Stockholders of May & Speh will receive .8 of a
 share of Acxiom common stock for each share of May & Speh common stock
 held. 

           May & Speh stockholders will be sent information explaining the
 procedures to be followed for exchanging their shares for shares of Acxiom
 common stock they are entitled to receive as a result of the merger.  Also
 in connection with the merger, Acxiom has announced that it will be a co-
 obligor of the May & Speh 51/4% Senior Subordinated Notes due 2003. 

           Charles D. Morgan, Chairman and Company Leader of Acxiom,
 commented, "The new company's joint resources are a very powerful
 combination.  Our product and services offerings will be significantly
 enhanced when we marry Acxiom's data with May and Speh's analytical
 capability and the combined know-how of our two companies.  We are very
 excited about the cost-saving and significant growth opportunities that the
 merger of the two companies will create." 

           An organizational alignment plan has been developed and approved
 and will be phased in over the next several months.  The new alignment,
 which will be effective and fully in place by April 1, 1999, will represent
 five Acxiom Divisions:  International (headquartered in London) and
 Outsourcing (headquartered in Chicago), as well as Financial, Data
 Products, and Services (headquartered in Conway).  The objective is to
 create maximum focus and synergy on the vertical industries, outsourcing
 opportunities and international development of the combined company. 

           Acxiom provides a wide spectrum of data products, data
 integration services, and mailing list services, as well as data
 warehousing and decision support services to major U.S. and international
 firms.  Founded in 1969, Acxiom is headquartered in Conway, Arkansas, with
 operations throughout the United States and in the United Kingdom and
 France. 

           Founded in 1947, May & Speh is a leading provider of technology-
 based information management services with a focus on direct marketing
 services and information technology (IT) outsourcing services.  The
 company's database marketing solutions help companies execute more
 profitable direct marketing and customer management programs.  Services
 include strategic analysis and management; systems consulting; data
 warehouse design and management; modeling and analysis; and list
 processing.  For companies looking to outsource all or part of their
 information systems operations, May & Speh provides IT services to support
 mainframe and mid-range (client/server) processing and network management.