UNITED STATES
                                       
                      SECURITIES AND EXCHANGE COMMISSION
                                       
                            WASHINGTON, D.C. 20549
                                       
                                   FORM 10-Q

(Mark One)

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

For the Quarterly Period Ended July 2, 1995.

                                      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:  1-6832

                                BIC CORPORATION
            (Exact name of registrant as specified in its charter)

Incorporated in State of New York       I.R.S. Employer Number:  06-0735597

Principal Executive Offices:  500 BIC Drive, Milford, Connecticut 06460

Telephone number, including area code:  (203) 783-2000

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 report(s), and (2) has been  subject  to
such filing requirements for the past 90 days.

                       Yes _____X_____     No __________

At July 2, 1995, the close of the period covered by this report, registrant had
outstanding 23,559,244 common shares, $1.00 par value per share.



                          PART II.  OTHER INFORMATION
                                       
                       BIC CORPORATION AND SUBSIDIARIES


Item 6.   Exhibits and Reports on Form 8-K

          a)   Exhibits -
            
               Exhibit 27 - Article 5 - Financial Data Schedule


                                   
                                   SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, registrant
has  duly  caused  this report to be signed on its behalf  by  the  undersigned
thereunto duly authorized.

                              BIC CORPORATION
                              -------------------------------------------------
                                (Registrant)
                              
                              
                              
                              
                              
Date:  September 22, 1995       Robert L. Macdonald
                              -------------------------------------------------
                               (Signature)
                              Robert L. Macdonald, Vice President - Finance
                              (Principal Accounting Officer)