UNITED STATES
                       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):  March 25, 1998


                           United States Leather, Inc.                    
             (Exact name of registrant as specified in its charter)


      Wisconsin                     33-64142                   13-3503310    
   (State or other              (Commission File             (IRS Employer   
   jurisdiction of                   Number)              Identification No.)
   incorporation)


               1403 West Bruce Street, Milwaukee, Wisconsin 53204         
          (Address of principal executive offices, including zip code)


                                 (414) 383-6030          
                         (Registrant's telephone number)

   

   Item 5.     Other Events.

          On March 25, 1998, United States Leather, Inc. (the "Company")
   announced that it had reached an agreement in principle with its
   stockholders and an informal committee of holders of the Company's 
   10-1/4% Senior Notes due 2003.  A copy of the Company's press release 
   dated March 25, 1998 is included as an exhibit to this filing.

   Item 7.     Financial Statements and Exhibits.

          (b)  Exhibits.

          The exhibit listed in the accompanying Exhibit Index is filed as
   part of this Current Report on Form 8-K.

   

                                   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.


                               UNITED STATES LEATHER, INC.


   Date:  March 26, 1998       By:  /s/ Kinzie L. Weimer                
                                    Kinzie L. Weimer
                                    Senior Vice President, Chief Financial
                                    Officer, Treasurer and Secretary

   
                           UNITED STATES LEATHER, INC.

                            EXHIBIT INDEX TO FORM 8-K
                              Dated March 26, 1998

   Exhibit
     No.                           Description

   (99.1)      Press Release of United States Leather, Inc. dated March 25,
               1998.