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)   September 28, 1995


                  GTE HAWAIIAN TELEPHONE COMPANY INCORPORATED

           (Exact name of registrant as specified in its charter)


           Hawaii                  2-33059              99-0049500

       (State or other           (Commission          (IRS Employer
       jurisdiction of           File Number)      Identification No.)
       incorporation)


      600 Hidden Ridge, HQE04B12 - Irving, Texas            75038

      (Address of principal executive offices)            (Zip Code)


Registrant's telephone number, including area code        214-718-5600

      1177 Bishop Street, Honolulu, Hawaii                  96813

      (Former name or former address, if changed since last report)
                 GTE HAWAIIAN TELEPHONE COMPANY INCORPORATED

                                   FORM 8-K

                              ITEM OF INFORMATION


Item 5.  Other Events

GTE Hawaiian Telephone Company Incorporated follows the accounting for 
regulated enterprises prescribed by Statement of Financial Accounting 
Standards No. 71, "Accounting for the Effects of Certain Types of Regulation" 
(FAS 71).  In general, FAS 71 requires companies to depreciate plant and 
equipment over lives approved by regulators which may extend beyond the 
assets' actual economic life.  FAS 71 also requires deferral of certain costs 
based upon approvals received from regulators to recover such costs in the 
future.  Consequently, the carrying value of certain assets and liabilities, 
primarily telephone plant and equipment, may be greater than that which would 
otherwise be recorded by unregulated enterprises.

In connection with an ongoing review of the continued applicability of FAS 71, 
the Company has commenced a study of the economic lives of its telephone plant 
and equipment.  The study is expected to be completed by the end of the fourth 
quarter of 1995.  If the Company were to discontinue the application of FAS 71 
and compute the effect on its telephone plant in a manner similar to the seven 
Regional Bell Operating Companies who discontinued FAS 71, the after-tax 
charge resulting from the reduction in carrying value of the Company's 
property, plant and equipment, which would be non-cash in nature, is estimated 
to be between $100 million and $300 million.  This potential accounting charge 
would reduce telephone plant but would not have a significant effect on future 
depreciation.  In addition, this charge would have no effect on the Company's 
customers or its liquidity and capital resources.






                               SIGNATURES


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


                                   GTE HAWAIIAN TELEPHONE COMPANY INCORPORATED
                                                   (Registrant)



Date:  October 2, 1995               By        WILLIAM M. EDWARDS, III        
                                               WILLIAM M. EDWARDS, III
                                                      Controller
                                              (Chief Accounting Officer)