SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                         AMENDMENT NO. 1
                                TO
                            FORM 10-Q

         Quarterly Report Pursuant to Section 13 or 15(d)
              of the Securities Exchange Act of 1934

For the quarter ended October 31, 1995 Commission File No. 0-5653


                     BALA CYNWYD CORPORATION
_________________________________________________________________
      (Exact name of registrant as specified in its charter)


             New Jersey                         22-1436237
_____________________________________   _________________________
  (State or other jurisdiction of            (I.R.S. Employer
  incorporation or organization)             Identification No.)


  301 City Avenue
  Bala Cynwyd, Pennsylvania                     19004             
_____________________________________   _________________________
   (Address of principal executive           (Zip Code)
    offices)

Registrant's telephone number, 
including area code: (610) 667-8225
                     ________________

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,
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
Registrant's classes on common stock, as of the latest
practicable date.

                 Common Stock:  1,021,314 shares


Item 1.   This Amendment is filed for the purpose of
          including the required Financial Data Schedule for
          the subject report, filed herewith as Exhibit 27.



                            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.


                                   BALA CYNWYD CORPORATION




Dated:  January 31, 1996           By:/s/ Albert M. Zlotnick
                                      ___________________________
                                        Albert M. Zlotnick
                                        President
                                        Chairman of the Board
                                        Chief Financial Officer
                                        and Chief Executive
                                        Officer