SECURITIES AND EXCHANGE COMMISSION

		Washington, D.C. 20549
		FORM 10-Q

	       QUARTERLY REPORT UNDER SECTION 13 OR 15 (d)
	       OF THE SECURITIES EXCHANGE ACT OF 1934



For Quarter Ended   October 31, 1997   Commission File Number   1-4183



	      CHOCK FULL O' NUTS CORPORATION                        
(Exact Name of Registrant As Specified In Its Charter)



New York                                  13-0697025
(State or Other Jurisdiction of        (I.R.S. Employer
Incorporation of Organization)          Identification No.)



370 Lexington Avenue, New York, N.Y.           10017           
(Address of Principal Executive Offices)      (Zip Code)


Registrant's Telephone Number,including Area Code (212)532-0300   
	     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 reports), and (2) has been  
	     subject to such filing requirements for the past
	     90 days.

					     Yes   X       No



No. of Shares of Common Stock ($.25 par value) outstanding as of 
December 10, 1997 - 10,741,050

	
CHOCK FULL O' NUTS CORPORATION AND SUBSIDIARIES

INDEX

							 Page No.
PART I.  FINANCIAL INFORMATION

Item 1. Financial Statements

Unaudited Condensed Consolidated Balance Sheets -
October 31, 1997 and July 31, 1997                     1 & 2 of 12

Unaudited Condensed Consolidated Statements of Income-
Three Months Ended October 31, 1997 and 1996               3 of 12
	
Unaudited Condensed Consolidated Statements of Cash Flows -
Three Months Ended October 31, 1997 and 1996               4 of 12

Unaudited Condensed Consolidated Statement of Stockholders' 
Equity - October 31, 1997                              5 & 6 of 12
	
Notes to Unaudited Condensed Consolidated Financial 
Statements - October 31, 1997                          7 & 8 of 12


Item 2.  Management's Discussion and Analysis of 
Financial Condition and Results of Operations      9,10 & 11 of 12


PART II.  OTHER INFORMATION

Item 1. Legal Proceedings                                 11 of 12
	
Item 5. Other Information                                 11 of 12

Item 6. Exhibits and Reports on Form 8-K                  11 of 12

Signatures                                                12 of 12


	PART I. FINANCIAL INFORMATION
	CHOCK FULL O' NUTS CORPORATION AND SUBSIDIARIES
	CONDENSED CONSOLIDATED BALANCE SHEETS
		
					   October 31,             July 31,
					       1997                   1997   
					   (Unaudited)              (Note)

ASSETS
Current assets:
	
Cash and cash equivalents               $ 6,488,857                $4,585,633

Receivables, principally                                   
 trade, less allowances
 for doubtful accounts and
 discounts of $1,420,000                                
 and $1,422,000                          43,614,656                37,554,412

Inventories                              69,952,974                82,951,688
						       
Prepaid expenses and other                8,082,991                 2,457,221
	
	Total current assets            128,139,478               127,548,954

Property, plant and 
 equipment - at cost      $ 99,840,505               $ 98,609,466

Less allowances for
depreciation and
amortization               (51,601,849)  48,238,656   (49,933,489) 48,675,977

Real estate held for 
development or sale, 
at cost                                   2,217,223                 7,635,427

Other assets and deferred 
charges                                  24,341,689                23,799,057

Excess of cost over net
 assets acquired                          9,593,664                 9,670,551
				       $212,530,710              $217,329,966


Note:   The balance sheet at July 31, 1997 has been derived from the audited 
financial statements at that date.

See notes to unaudited condensed consolidated financial statements.



 
CHOCK FULL O' NUTS CORPORATION AND SUBSIDIARIES
 CONDENSED CONSOLIDATED BALANCE SHEETS

						October 31,         July 31,
						 1997                 1997    
						(Unaudited)          (Note)

LIABILITIES AND STOCKHOLDERS'
EQUITY

Current Liabilities:
  
 Current portion of long-term
  debt                                       $  3,750,000        $    766,000
 
 Accounts payable                              11,207,594          13,590,697

 Accrued expenses                              10,512,612          12,148,313

  Income taxes                                  2,330,990           1,957,788
	
     Total current liabilities                 27,801,196          28,462,798

Long-term debt, excluding current
 portion                                      101,224,599         106,065,753

Other non-current liabilities                   3,271,924           3,265,078

Deferred income taxes                           7,655,000           7,655,000

Stockholders' equity:
 Common stock, par value $.25 per
  share;
 Authorized 50,000,000 shares:
 Issued 11,216,572 and 11,211,068
  shares                                        2,804,143           2,802,767
 Additional paid-in-capital                    51,397,859          51,357,008
 Retained earnings                             26,917,038          25,349,146
 Cost of 475,522 shares in treasury            (6,573,719)         (6,573,719)
 Deferred compensation under stock
  bonus plan and employees' stock 
  ownership plan                               (1,967,330)         (1,053,865)
       Total stockholders' equity              72,577,991          71,881,337
					     $212,530,710        $217,329,966


Note:   The balance sheet at July 31, 1997 has been derived from the audited 
financial statements at that date.

See notes to unaudited condensed consolidated financial statements.

	CHOCK FULL O' NUTS CORPORATION AND SUBSIDIARIES
	 
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
			 

				   Three Months Ended October 31,
				       1997              1996
Revenues:
  Net sales                       $108,275,295       $ 82,576,510
  Rentals from real estate             514,579            522,884
				  
				   108,789,874         83,099,394
		   
Cost and expenses:                                                       
  Cost of sales                     81,535,083         59,155,200
  Selling, general and
    administrative expenses         21,977,843         19,240,819
  Expenses of real estate              393,552            424,298
				   103,906,478         78,820,317
     Operating profit                4,883,396          4,279,077

Interest income                         62,076            318,434

Interest expense                    (2,189,594)        (2,139,469)

Other (deductions)/income - net        (33,987)            16,518

    Income before income taxes       2,721,891          2,474,560         
Income taxes                         1,154,000          1,024,000
    Net income                      $1,567,891         $1,450,560
	 
Income per share:                                                  
    Primary                               $.15               $.14
  
    Fully diluted                         $.12               $.11





See notes to unaudited condensed consolidated financial statements.

3 of 12
		  
			 
	
CHOCK FULL O'NUTS CORPORATION AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

					 Three months Ended October 31,
					      1997              1996
Operating Activities:
 Net income                              $ 1,567,892       $ 1,450,560
 Adjustments to reconcile net income    
   to net cash provided by
   operating activities:
  Depreciation and amortization of 
  property, plant and equipment            1,668,360         1,750,108
  Amortization of deferred compensation 
  and deferred charges                     1,190,890         1,091,923
  Other, net                                (320,528)         (201,948)
  Changes in operating assets and 
  liabilities:
    (Increase) in accounts receivable     (6,057,965)       (1,659,740)
     Decrease in inventory                12,998,714         6,499,068
    (Increase) in prepaid expenses          (215,992)         (163,361)
    (Decrease) in accounts payable, accrued
      expenses and income taxes           (3,645,602)         (856,598)
NET CASH PROVIDED BY OPERATING ACTIVITIES  7,814,154         7,910,012
Investing Activities:
 Purchases of marketable securities           (5,535)          (31,494)
 Purchases of property, plant and 
  equipment                               (1,231,039)       (1,507,682)
NET CASH (USED IN) INVESTING ACTIVITIES   (1,236,574)       (1,539,176)
Financing Activities:
 (Payments of)/proceeds from long-term 
  debt, net                               (1,814,154)          189,423
 (Advances to)/proceeds from co-packer, 
  net                                     (1,231,817)        1,148,947
 Loan to employees' stock ownership plan  (1,000,000)  
NET CASH (USED IN)/PROVIDED BY FINANCING 
 ACTIVITIES                               (4,045,971)        1,338,370 
 Increase in Cash and Cash Equivalents     1,903,224         7,709,206
 Cash and Cash Equivalents at Beginning 
  of Period                                4,585,633        16,293,783
 Cash and Cash Equivalents at End of 
  Period                                 $ 6,488,857       $24,002,989


See notes to unaudited condensed financial statements.




4 of 12




CHOCK FULL O' NUTS CORPORATION AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY


						 Common Stock
				       Issued                 In Treasury
				       Shares   Amount     Shares   Amount
						In Thousands         

Balance at July 31, 1997               11,211   $2,803       476    $6,574
Net income 
Conversion of debentures                    6        1
Deferred compensation under stock
  bonus plan and employees' stock
  ownership plan:
    Amortization        
    Loan to employees' stock                            
      ownership plan                                  
Balance at October 31, 1997            11,217   $2,804       476    $6,574

				





See notes to unaudited condensed consolidated financial statements.



5 of 12



CHOCK FULL O' NUTS CORPORATION AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY


				    Deferred
				  Compensation
				   Under Stock
				  Bonus Plan and     Additional
				 Employees' Stock    Paid-In       Retained
				   Ownership Plan    Capital       Earnings
						     In Thousands  

Balance at July 31, 1997             $1,054            $51,357      $25,349
Net income                                                            1,568
Conversion of debentures                                                 41
Deferred compensation under stock
  bonus plan and employees' stock
  ownership plan:                       
    Amortization                       (87)         
    Loan to employees' stock
     ownership plan                   1,000  
Balance at October 31, 1997          $1,967            $51,398      $26,917





See notes to unaudited condensed consoliated financial statements.



							6 of 12



CHOCK FULL O' NUTS CORPORATION AND SUBSIDIARIES
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

October 31, 1997
(A) The accompanying unaudited condensed consolidated financial statements 
have been prepared in accordance with generally accepted accounting principles
for interim financial information and with the instructions to Form 10-Q and 
Article 10 of Regulation S-X. Accordingly, they do not include all of the 
information and footnotes required by generally accepted accounting principles 
for complete financial statements. In the opinion of management, all 
adjustments (consisting of normal recurring accruals) considered necessary for
a fair presentation have been included. Operating results for the three months
ended October 31, 1997 and 1996 are not necessarily indicative of the results
that may be expected for a full fiscal year. For further information, refer to
the consolidated financial statements and footnotes thereto included in the 
Company's annual report on Form  10-K for the year ended July 31, 1997.


(B) Primary per share data is based on the weighted average number of common 
shares outstanding of 10,738,000 and 10,736,000 for the three months ended 
October 31, 1997 and 1996, respectively. Fully diluted per share data, 
assuming conversion of debentures, is based on 22,556,000 shares outstanding 
for the three months ended October 31, 1997 and 1996.  

(C) Inventories are stated at the lower of cost (first-in, first-out) or 
market. The components of inventory consist of the following:

				      October 31,       July 31,
					1997              1997
	Finished goods                $41,544,268     $41,747,129
	Raw materials                  22,998,559      36,412,728
	Supplies                        5,410,147       4,791,831
				      $69,952,974     $82,951,688

(D) Under the Company's amended and restated revolving credit and term loan 
agreements (collectively the "Loan Agreements") with Fleet Capital Corporation
and The Chase Manhattan Bank (the "Banks"), the Company may, from time to time,
borrow funds from the Banks, provided that the total principal amount of all 
such loans outstanding through November 30, 1998 may not exceed $40,000,000 
and after such date may not exceed $20,000,000.  Interest (8.5% at October 31, 
1997) on all such loans is equal to the prime rate or at the Company's option 
the London Interbank Offering Rate plus 1.75%, subject to adjustment based on 
the level of loans outstanding. Outstanding borrowings under the Loan 
Agreements may not exceed certain percentages of and are collateralized by, 
among other things, the trade accounts receivable and inventories, and 
substantially all of the machinery and equipment and real estate of the 
Company and its subsidiaries.  All loans made under the term loan agreement 
($10,000,000 at October 31, 1997) are to be repaid in December 1999. 
Outstanding loans under the revolving credit agreements are to be repaid in 
December 1999. Pursuant to the terms of the Loan Agreements, the Company and 
its subsidiaries, among other things, must maintain a minimum net worth and 
meet ratio tests for liabilities to net worth and coverage of fixed charges 
and interest, all as defined. The Loan Agreements also provide, among other 
things, for restrictions on dividends (except for stock dividends) and 
require repayment of outstanding loans with excess cash flow, as defined.


7 of 12


(E) Prepaid expenses and other on the unaudited condensed consolidated 
balance sheets includes deferred income taxes of $1,268,000.

(F) In February of 1997, the Financial Accounting Standards Board issued 
Statement No. 128, "Earnings Per Share", which is required to be adopted on 
December 31, 1997.  At that time, the Company will be required to change the 
method currently used to compute earnings per share and to restate all prior 
periods.  The Company believes adoption of Statement No. 128 will not have a 
material impact on earnings per share information currently presented.

(G) On November 19, 1997, the Company consummated the sale of one of its 
downtown Manhattan properties for $6,900,000. The sale will result in an after 
tax gain of approximately $725,000 or $.07 per share to be recorded in the 
second quarter ending January 31, 1998. The cost of this property has been 
reclassified at October 31, 1997 to prepaid expenses and other current assets.
The proceeds were used to reduce the Company's outstanding term loans.




8 of 12



CHOCK FULL O' NUTS CORPORATION AND SUBSIDIARIES
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS

Certain statements in the "Management's Discussion and Analysis of Financial 
Condition and Results of Operations" and elsewhere in this Form 10-Q constitute
"forward-looking statements" within the meaning of the Reform Act.  See Other 
Information Item 5.

Operations
	
The following is Management's discussion and analysis of certain significant 
factors that have affected the Company's operations during the periods included
in the accompanying unaudited condensed consolidated statements of operations.


In January 1997, the Company acquired substantially all of the assets and 
assumed substantially of the liabilities of Ireland Coffee and Tea Company 
("Ireland").  The business of Ireland consists of roasting and distributing 
coffees to hotels, restaurants and institutions on the East Coast.

Net sales from beverage products increased to $107,268,000 or 31% for the three
months ended October 31, 1997, compared to the comparable period of the prior 
year.  The increase was primarily due to an increase in the average selling 
price of coffee and to a lesser extent a 7% increase in coffee pounds sold.  
Operating profits from beverage products were $5,197,000, an increase of 13% 
for the three months ended October 31, 1997 compared to the prior year's 
comparable period.  The increase resulted primarily from increased gross  
margins and to a lesser extent the operations of Ireland, partially offset by 
increased selling, general and administrative expenses.  Increased gross 
margins were primarily due to an increase in the average selling price of 
coffee greater than the increase in the average cost of green coffee and to a 
lesser extent increased coffee pounds sold.  During the three months ended 
October 31, 1997 prices for green coffee ranged from a high of $2.11 to a low 
of $1.49 per pound. Selling general and administrative expenses increased 
primarily due to increased salaries, advertising and delivery costs. Certain 
of the Company's selling expenses vary with the number of pounds sold, 
therefore selling expense has increased in the 1997 quarter compared to the 
1996 quarter.

Net sales of Quikava company operated shops increased to $979,000 for the 
three months ended October 31, 1997 from $805,000 in the comparable period of
the prior year. Quikava's future lies in its ability to franchise the concept,
thereby generating royalty income on franchise sales ($644,000 in 1997 versus 
$626,000 in 1996) plus initial franchise fees to cover expenses for 
headquarters. Company operated shops have been opened in new markets to 
generate potential franchise interest and gain exposure to the concept. 
Operating losses amounted to $435,000 for the three months ended October 31, 
1997 compared to $438,000 in the comparable period of the prior year. The 
operating losses consist primarily of headquarters' expenses (primarily payroll
and related expenses for franchising infrastructure and pre-opening costs in 
1996) and increased shop level losses (primarily due to the number of shops 
open less than 12 months), partially offset by initial franchise fee income 
in 1997 and  royalty income on franchisee sales.  The first year shops opening 
in new markets with lack of brand recognition resulted in slower sales growth 
and greater shop level losses than established comparable shops.

Net income was $1,577,000 or $.15 per share for the three months ended October
31, 1997, compared to $1,451,000 or $.14 per share for the comparable period of
the prior year. The difference was primarily due to increased operating profits
from beverage products partially offset by decreased interest income (resulting
from decreased invested funds), increased interest expense (resulting from  
greater amounts of debt outstanding) and increased income taxes. Increased 
income taxes are primarily attributable to increased income before income 
taxes.


						9 of 12

Liquidity and Capital Resources

As of October 31, 1997, working capital was approximately $100,000,000 and the
ratio of current assets to current liabilities was 4.6 to 1.

As of October 31, 1997, the Company had unused borrowing capacity of 
approximately $28 million under its credit facilities of $40 million with Fleet
Capital Corporation and The Chase Manhattan Bank (see Notes D and G of Notes to
Unaudited Condensed Consolidated Financial Statements).

The Company plans on expanding its Quikava franchised operations, which are 
currently operating in 12 locations. The sales of Company operated and 
franchised units are not material to the Company's consolidated sales.  Total 
Quikava store level opertions are not currently profitable but are being 
partially offset by franchise fee and royalty income and, in addition, Quikava 
headquarters' expenses of approximately $1,100,000 on an annual basis are not 
being absorbed.

The Company believes that its cash flow from operations, its cash equivalents 
and its amended and restated revolving credit and term loan agreements with its
Banks provide sufficient liquidity to meet its working capital, expansion and 
capital requirements.

Green Coffee Market

Coffee is one of the leading commodities traded on futures exchanges. Supplies
fluctuate with the weather and prices have been volatile. The supply and price 
is affected by multiple factors, such as weather, politics and economics in the
coffee producing countries, many of which are lesser developed nations. While 
coffee trades primarily on the futures market, coffee of the quality level 
sought by the Company can trade on a negotiated basis at a substantial premium 
above commodity coffee pricing, depending upon the supply and demand at the 
time of purchase.  
				    
The International Coffee Organization, through the imposition of export quotas 
agreed upon by consumer and producer member nations, has in the past attempted 
to maintain the commodity prices of green coffees.  In July 1989 the refusal of
certain countries to participate in the quota system resulted in the 
dissolution of the agreement and a drop in the prices of coffees.  In August 
1993, 21 coffee-producing countries formed a new cartel, the Association of 
Coffee Producing Countries ("ACPC") and announced plans to cut the supply of 
coffee by 20% beginning October 1, 1993 in an attempt to raise world coffee 
prices.  The effect of the ACPC on coffee prices is difficult to determine in 
light of the dramatic price increases resulting from the 1994 frosts in Brazil 
discussed below.  Nonetheless, the ACPC met in November 1994 and resolved to 
sustain green coffee bean prices.  In January 1996, the ACPC agreed to extend 
its current limitations on the supply of green coffee upon their expiration in 
June 1996 through the 1996/1997 green coffee year. The Company is unable to 
predict whether the ACPC will be successful in achieving its goals. Based on 
published statistics the supplies of green coffees held by consumers (roasters 
and buyers) are currently, near historically low levels.  

Brazil, the world's largest coffee producer, experienced frosts in June and 
July of 1994 which reportedly damaged approximately 40% of the green coffee 
bean crop.  The announcement of the Brazilian frost damage caused a substantial
increase in green coffee bean prices and other coffee-product prices worldwide.
The Company purchases a modest amount of its green coffee beans from Brazil.  
In the third and fourth quarter of 1994 the Company experienced a significant 
increase in the price of green coffee beans which carried over into the first 
three quarters of 1995. The Company was not able to immediately pass through 
to customers all of the price increases in the third and fourth quarters of 
1994 and the first quarter of 1995 following the significant increase in 
green coffee bean prices that resulted from the Brazilian frosts.  Subsequent 
to such period through January 1997, the Company's green coffee purchases and 
commitments returned to pricing levels closer to those that existed prior to 
the June and July 1994 Brazilian frosts. In February 1997, green coffee bean 
prices began to rise significantly reaching a high of $3.15 per pound in May 
1997.  This bull market was somewhat unique in that the fundamental cause was 
very tight stocks of arabica coffee in consuming countries.  Historically, bull
markets have been the direct result of weather developments in Brazil, 
specifically cold weather and drought that damages the following crop.  
Subsequent to May 1997, the green coffee market has been in the $1.44 to $2.11 
range.

The Company is unable to predict weather events in particular countries that 
may adversely affect coffee supplies and price. Except for late 1994 and early
1995, the Company generally has been able to pass green coffee price increases 
through to its customers, thereby maintaining its gross margins. The Company 
cannot predict whether it will be able to pass inventory price increases 
through to its customers in full in the future.

A significant portion of the Company's green coffee supply is contracted for 
future delivery, generally between three and twelve months forward (with 
declining percentages of the supply being subject to future contracts in the 
latter portions of each year), to ensure both an adequate supply and reduced 
risk of short-term price fluctuations. Green coffee is a large market with 
well-established brokers, importers and warehousemen though which the Company 
manages its requirements.  In addition to forward purchases, the Company keeps 
physical inventory in each of its production facilities and third-party 
warehouses representing anywhere from four to ten weeks of supply requirements.
All coffee purchase transactions are in U.S. dollars, the industry's standard 
currency. The Company believes that it is not dependent upon any one importer 
or broker for its supply of green coffee beans from any particular country.

Retail Customers are very price-sensitive about the purchase of coffee in 
supermakets. When retail prices increase dramatically, takeaway declines and 
consumers switch to less expensive brands and high yield roasts. Likewise, 
FoodService Customers in times of price increase tend to stretch the use of 
inventory.



Part II.   Other Information

Item 1.    Legal Proceedings - None

Item 5.    Other Information

Certain statements under the caption "Management's Discussion and Analysis of 
Financial Condition and Results of Operations" and elsewhere in this Form 10-Q
constitute "forward looking statements" within the meaning of the Reform Act. 
Such forward looking statements involve known risks, uncertainties, and other 
factors which may cause the actual results, performance or achievements of the
Company to be materially different from any future results, performance or 
achievements expressed or implied by such forward looking statements. Such 
factors include, among others, the following: general economic and business 
conditions; the availability of green coffee; green coffee prices; competition;
success of operating initiatives; development and operating costs, including 
green coffee prices; advertising and promotional efforts; brand awareness; 
the existence of or adherence to development schedules; the existence or 
absence of adverse publicity; availability, locations and terms of sites for 
Quikava outlets; changes in business strategy or development plans; quality of
management; availability, terms and deployment of capital; business abilities 
and judgment of personnel; availability of qualified personnel; labor and 
employee benefit costs; changes in or the failure to comply with government 
regulations; construction costs and other factors.


Item 6.    Exhibits and Reports on Form 8-K

	     a)  Exhibits - Financial Data Schedule - Exhibit 27 - see below
	     b)  Reports on Form 8-K - none

						11 of 12

			
Appendix A to item 601 (c) of Regulation S-K

(Article 5 of Regulation S-X

Chock full o'Nuts Corporation and Subsidiaries)


	
Item Number                  Item Description                          Amount
5-02 (1)               Cash and cash items                        $  6,488,857
5-02 (2)               Marketable securities                      $     -0-
5-02 (3) (a) (1)       Notes and accounts receivable 
			- trade                                   $ 45,034,656
5-02 (4)               Allowances for doubtful accounts           $  1,420,000
5-02 (6)               Inventory                                  $ 69,952,974
5-02 (9)               Total current assets                       $128,139,478
5-02 (13)              Property, plant and equipment              $ 99,840,505
5-02 (14)              Accumulated depreciation                   $ 51,601,849
5-02 (18)              Total assets                               $212,530,710
5-02 (21)              Total current liabilities                  $ 27,801,196
5-02 (22)              Bonds, mortgages and similar debt          $101,224,599
5-02 (28)              Preferred stock - mandatory redemption           -0-
5-02 (29)              Preferred stock - no mandatory redemption        -0-
5-02 (30)              Common stock                               $  2,804,143
5-02 (31)              Other stockholders' equity                 $ 69,773,848
5-02 (32)              Total liabilities and stockholders'equity  $212,530,710
5-03 (b) 1 (a)         Net sales of tangible products             $108,275,295
5-03 (b) 1             Total revenues                             $108,789,874
5-03 (b) 2 (a)         Cost of tangible goods sold                $ 81,535,083
5-03 (b) 2             Total costs and expenses applicable to 
			sales and revenues                        $103,906,478
5-03 (b) 3             Other costs and expenses                   $     -0-
5-03 (b) 5             Provision for doubtful accounts and notes  $    547,000
5-03 (b) (8)           Interest and amortization of debt          $  2,189,594
5-03 (b) (10)          Income before taxes and other items        $  2,721,891
5-03 (b) (11)          Income tax expense                         $  1,154,000
5-03 (b) (14)          Income/loss continuing operations          $  1,567,891
5-03 (b) (15)          Discontinued operations                           -0-
5-03 (b) (17)          Extraordinary items                               -0-
5-03 (b) (18)          Cumulative effect - changes in 
			accounting principles                            -0-
5-03 (b) (19)          Net income or loss                         $  1,567,891
5-03 (b) (20)          Earnings per share - primary               $    .15
5-03 (b) (20)          Earnings per share - fully diluted         $    .12
						

						
	



						
SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the 
Registrant duly caused this Report of Form 10-Q to be signed on its behalf by 
the undersigned, thereunto duly authorized.

					
					
						CHOCK FULL O' NUTS CORPORATION
						    (Registrant)





December 11, 1997          
						Marvin I. Haas
						President and Chief Executive 
						Officer



December 11, 1997   
						Howard M. Leitner
						Senior Vice President and 
						Chief Financial and Accounting 
						Officer


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