Conformed Copy 
 
 
              SECURITIES AND EXCHANGE COMMISSION 
                   Washington, D.C.  20549 
 
                          FORM 10-Q 
 
(Mark One) 
  
 [ X ]  Quarterly Report Under Section 13 or  15(d)  of  the 
        Securities Exchange Act of 1934 
        For the quarterly period ended:  September 9, 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 No.:  33-48862 
 
 
                 HOMELAND HOLDING CORPORATION 
    (Exact name of registrant as specified in its charter) 
 
 
       Delaware                                      73-1311075 
  (State or other jurisdiction of                   (I.R.S. Employer 
  incorporation or organization)                   Identification No.) 
 
 
                  2601 Northwest Expressway 
                       Oil Center-East 
                Oklahoma City, Oklahoma 73112 
    (Address of principal executive offices)   (Zip Code) 
 
 
                        (405) 879-6600 
     (Registrant's telephone number, including area code) 
 
 
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 
 
Indicate  the  number of shares outstanding  of  each  of  the 
issuer's classes of common stock as of October 20, 1995. 
 
Class A Common Stock, including redeemable common stock: 32,599,707
shares 
                 Class B Common Stock:  None 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
Item 6.   Exhibits and Reports on Form 8-K 
 
                  (a)     Exhibits:  The following exhibit is filed as part 
                          of this report: 
 
                          Exhibit No.    Description 
 
                           27            Financial Data Schedule. 
 
                           10pp     (1)  Employment Agreement,dated  as 
                                         of  July 10, 1995 and as amended 
                                         on  September 26, 1995, between 
                                         Homeland and Larry Kordisch. 
 
                           10t.5    (1)  Fifth Amendment to Homeland 
                                         Employees Retirement Plan 
                                         effective July 12, 1995. 
 
                   (b) Reports on Form 8-K:  No reports on Form 8- 
                       K were filed during the quarter ended September 
                       9, 1995. 
 
 
  
 
 
                   (1) Management contract or compensatory plan. 
 
 
 
 
 
                          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 thereunto 
duly authorized. 
 
 
                         HOMELAND HOLDING CORPORATION 
 
 
Date: October 30, 1995            By:    /s/  James  A. Demme  
                                      James   A.Demme, President, 
                                      Chief Executive Officer and 
                                      Director (Principal Executive 
                                      Officer) 
 
 
Date: October 30, 1995            By:   /s/  Larry  W. Kordisch 
                                      Larry W. Kordisch, Executive 
                                      Vice President/Finance, 
                                      Treasurer, Chief  Financial 
                                      Officer and Secretary 
                                      (Principal Financial Officer)

 
 
Date: October 30, 1995            By:  /s/  Terry  M. Marczewski 
                                      Terry M. Marczewski, Chief 
                                      Accounting Officer,Assistant
                                      Treasurer and Assistant 
                                      Secretary (Principal 
                                      Accounting Officer)