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                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549
                                   FORM 10-Q/A
(Mark One)

(X)   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934
For the quarterly period ended                July 1, 1994
                               --------------------------------------------
                                       OR
( )   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
      EXCHANGE ACT OF 1984 For the transition period from
_______________________________ to ________________________________________

Commission file number   1-5492-1 
                         --------

                              NASHUA CORPORATION
- - - ---------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

               DELAWARE                                   02-0170100
- - - ----------------------------------------           ------------------------
        (State of incorporation)                       (I.R.S. Employer
                                                     Identification Number)

         44 Franklin Street
         P.O. Box 2002
         Nashua, New Hampshire                            03061-2002
- - - ----------------------------------------           ------------------------
(Address of principal executive offices)                  (Zip Code)


Registrant's telephone number, including area code    (603) 880-2323        
                                                    ----------------------

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 (or for such shorter period that the
registrant was required to file such reports), 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 issuer's classes of
common stock, as of the latest practicable date.
 
            Class                            Outstanding at August 5, 1994
- - - -----------------------------                --------------------------------
Common Stock, par value $1.00                6,346,310 shares (excluding,
                                             23,850 shares held in treasury)

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                         PART II - OTHER INFORMATION


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K
- - - -----------------------------------------

         (a)  Exhibits

                  4.01    Note Agreement dated as of July 29, 1994

         (b)  Reports on Form 8-K

              No reports on Form 8-K were filed during the quarter for which
              this report is filed.



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                                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.



                                                 NASHUA CORPORATION      
                                            -----------------------------
                                                  (Registrant)

Date: September 30, 1994                    By:  /s/ W. Luke 
                                            -----------------------------
                                                W. Luke 
                                                Vice President-Finance
                                            (principal financial and duly
                                                      authorized officer)





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