FOR IMMEDIATE RELEASE                                   NEWS
                                   Contact:  James A. Demme,
                                                    Chairman
                                              (405) 879-6600


                HOMELAND HOLDING CORPORATION
         SHARES WILL TRADE IN NASDAQ NATIONAL MARKET
                              
               
OKLAHOMA CITY, OK, April 8, 1997 -- The common stock of Homeland Holding 

Corporation ("Homeland") will begin trading on April 14, 1997, in the 

Nasdaq National Market, James A. Demme, Chairman, President and Chief 

Executive Officer announced.   Homeland, whose trading symbol is HMLD,  

is a leading supermarket chain with 66 stores in the Oklahoma, southern 

Kansas and Texas panhandle region.

      James  A. Demme noted that Homeland's entry into the Nasdaq National  
      
Market provides brokers and others with immediate access to the best bid and 

ask prices and other information about the company's shares throughout the

trading day.  Those prices are available in over more than 200,000  

electronic terminals in brokers' offices throughout the United States and 

the world.

     Homeland achieved sales of $527.8 million and EBITDA of $19.5 million 
     
or approximately 4% of sales in 1996.  The company's comparable store sales 

for the stores in operation throughout 1996 increased by 0.3%.  Mr. Demme  

stated that Homeland is pleased with the results of its recent restructuring 

that lowered its operating and occupancy costs and enabled it to better 

compete in the marketplace.

       The current market makers for Homeland's common stock are Donaldson, 
       
Lufkin and Jenrette of New York, New York; Barron Chase Securities of Tulsa,  

Oklahoma; and Herzog, Heine and Geduld, of Jersey City, New Jersey.