EXHIBIT 4.8
NOTICE OF GUARANTEED DELIVERY
for
SUBSCRIPTION CERTIFICATIONS
issued by
KINARK CORPORATION

     This form, or one substantially equivalent hereto, must be used to
exercise Rights pursuant to the Rights Offering described in the Prospectus and
Proxy Statement dated _______________________, 1995, (the "Prospectus"), of
Kinark Corporation, a Delaware corporation (the "Company"), if a holder of
Rights cannot deliver the Subscription Certificate(s) evidencing the Rights
(the "Subscription Certificate(s)"), to the Subscription Agent listed below
(the "Subscription Agent") at or prior to 5:00 p.m. New York City time on
____________________, 1995, unless extended (the "Expiration Date").  Such form
must be delivered by hand or sent by facsimile transmission or mail to the
Subscription Agent, and must be received by the Subscription Agent on or prior
to the Expiration Date.  See "The Rights Offering - Exercise of Rights" in the
Prospectus.  Payment of the Subscription Price of $2.00 per share for each
share of Common Stock subscribed for upon exercise of such Rights must be
received by the Subscription Agent in the manner specified in the Prospectus at
or prior to 5:00 p.m. New York City time on the Expiration Date even if the
Subscription Certificate evidencing such Rights is being delivered pursuant to
the procedure for guaranteed delivery thereof.


The Subscription Agent is
Mellon Securities Transfer Services
85 Challenger Road
Ridgefield Park, New Jersey  07660-2108
          


     DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE OR
TRANSMISSION OF INSTRUCTIONS VIA A FACSIMILE OTHER THAN AS SET FORTH ABOVE DOES
NOT CONSTITUTE A VALID DELIVERY.

Gentlemen:

     The undersigned hereby represents that he or she is the holder of
Subscription Certificate(s) representing ____________ Rights and that such
Subscription Certificate(s) cannot be delivered to the Subscription Agent at or
before 5:00 p.m., New York City time on the Expiration Date.  Upon the terms
and subject to the conditions set forth in the Prospectus, receipt of which is
hereby acknowledged, the undersigned hereby elects to exercise (i) the Basic
Subscription Privilege to subscribe for one share of Common Stock per Right
with respect to each of ___________ Rights represented by such Subscription
Certificate and (ii) the Oversubscription Privilege relating to each such Right
to subscribe, subject to the limits set forth in the Prospectus and only to the
extent that Excess Shares (as defined in the Prospectus) are available
therefor, for an aggregate of up to __________________.  The undersigned
understands that payment of the Subscription Price of $2.00 per share for each
Common Share subscribed for pursuant to the Basic Subscription Privilege and
Oversubscription Privilege must be received by the Subscription Agent at or
before 5:00 p.m. New York City time on the Expiration Date and represents that
such payment, in the aggregate amount of $__________, either (check appropriate
box):

     [ ]  is being delivered to the Subscription Agent herewith; or
     [ ]  has been delivered separately to the Subscription Agent;
and is or was delivered in the manner set forth below (check appropriate box
and complete information relating thereto):
     [ ]  wire transfer of funds
               - name of transferor institution
               - date of transfer
               - confirmation number (if available)
     [ ]  uncertified check (Payment by uncertified check will not be deemed to
          have been received by the Subscription Agent until such check has
          cleared.  Holders paying by such means are urged to make payment
          sufficiently in advance of the Expiration Date to ensure that such
          payment clears by such date.)
     [ ]  certified check
     [ ]  bank draft (cashier's check)
     [ ]  money order
               - name of maker
               - date of check, draft or money order
               - check, draft or money order number
               - bank on which check is drawn or issuer of money order

Signature(s)                                 Address
                                        
Name(s)                                 
                                        Area Code and Tel No(s).
                    Please Type or Print          
Subscription Certificate
No(s). (if available)

GUARANTEE OF DELIVERY
(Not to be used for Subscription Certificate signature guarantee)

     The undersigned, a member firm of a registered national securities
exchange or a member of the National Association of Securities Dealers, Inc. or
a commercial bank or trust company having an office or correspondent in the
United States, guarantees that the undersigned will deliver to the Subscription
Agent the certificates representing the Rights being exercised hereby, with any
required signature guarantees and any other required documents, all within
three American Stock Exchange trading days after the date hereof.

                                     Dated:                   , 1995

                                                  
                                                            (Name of Firm)
                                                  
                    (Address)
                                                  
                                                  (Authorized Signature)
               (Area Code and Telephone Number)

     The institution which completes this form must communicate the guarantee
to the Subscription Agent and must deliver the Subscription Certificate(s) to
the Subscription Agent within the time period shown herein.  Failure to do so
could result in a financial loss to such institution.