Exhibit 99.1
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                     Press Release dated September 28, 1995

FOR IMMEDIATE RELEASE
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September 28, 1995

Enfield, Connecticut - Dairy Mart Convenience Stores, Inc. (NASDAQ -DMCVA &
DMCVB) announced today that it has received notices from the holders of a
majority of the outstanding principal amount of the Company's Senior
Subordinated Notes due 2004 stating their belief that a change of control of the
Company and a consequent event of default have occurred under the indenture
relating to the notes.  Pursuant to the note indenture, following a change of
control, the Company is obligated to offer to repurchase all of the outstanding
notes at 101% of their principal amount, together with all accrued interest.
The outstanding notes  have  an aggregate principal amount of $75 million.  The
noteholders' notices relate to a change effected in the control of DM Associates
Limited Partnership, the holder of a majority of the outstanding shares of Dairy
Mart's Class B Common Stock.  The noteholders also have requested and the
Company has agreed to pay the costs of legal counsel to be retained on behalf of
the noteholders in connection with the foregoing matters.

Gregory G. Landry, Executive Vice President and Chief Financial Officer, said
that the company is reviewing the notices with the assistance of counsel and
will have no further comment at this time.