F\Chock\8-K 2/3/97 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) January 16, 1997 CHOCK FULL O'NUTS CORPORATION (Exact name of Registrant as specified in its charter) 	 New York 1-4183 13-0697025 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No. 370 Lexington Avenue, New York, New York 10017 (Address of principal executive office) (Zip Code) Registrant's telephone number, including area code (212) 532-0300 None 									 (Former name or former address, if changed since last report) Item 5. Other Events. 		As of January 16, 1997, the Company acquired substantially all 		of the assets of Ireland Coffee-Tea, Inc. ("Ireland"), a 		leading roaster and distributor to hotels, restaurants and 		institutions on the East Coast. 		The purchase of Ireland was accomplished pursuant to the terms 		of an Asset Purchase Agreement, a copy of which is annexed 		hereto as Exhibit A. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. 	(c) Exhibits: 		Exhibit A: Asset Purchase Agreement dated as of January 16, 		1997 by and between Chock Full O'Nuts Corporation and Ireland 		Coffee-Tea, Inc. SIGNATURES 	Pursuant to the requirements of Securities Exchange Act of 1934, the 	Registrant has duly caused this Current Report on Form 8-K to be signed 	on its behalf by the undersigned, hereunto duly authorized. 						CHOCK FULL O'NUTS CORPORATION 						By: __________________________ 						Howard M. Leitner, 						Executive Vice President and 						Chief Financial Officer Dated: February 3, 1997