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)		July 29, 1998 (July 1, 1998)


                  	Alliance Bancorp of New England, Inc.	
              	(Exact Name of Registrant as Specified in Charter)



	Delaware                     				001-13405                     			06-1495617
(State of Other Jurisdiction		 (Commission File		                IRS Employer
of Incorporation)	                		Number)		               	Identification No.


         		348 Hartford Turnpike, Vernon, CT					                 06066	
	(Address of Principal Executive Offices)	                     (Zip Code)



Registrant's telephone number, including area code 	   (860) 875-2500	



                                    	Not Applicable	
          	(Former Name or Former Address, if Changed Since Last Report)



Item 5.  Other Events.

	On July 1, 1998, the Alliance Bancorp of New England, Inc. ("Alliance") 
announced the repurchase of a block of its outstanding common stock from an 
institutional holder in a privately negotiated transaction.  A copy of the 
press release announcing the stock repurchase is attached hereto as Exhibit 
99.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

(a)	Financial Statements of Businesses Acquired
	Not applicable

(b)	Pro Forma Financial Information
	Not applicable

(c)	Exhibits

	(99)	Press release dated July 1, 1998



	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 hereto duly authorized.

                                     		ALLIANCE BANCORP OF 
                                  		     NEW ENGLAND, INC.
                                     		Registrant



Date:  July 29, 199		                 	By:	__________/s/_______________
                                     							David H. Gonci
                                     							Vice President/Chief Financial 
                                                     Officer