FORM 10-QSB/A

             SECURITIES AND EXCHANGE COMMISSION
                   WASHINGTON, D.C. 20549
                   
                   
         Quarterly Report Under Section 13 or 15(d) of
           the Securities Exchange Act of 1934
           
           For Quarter Ended:         September 30,1995
           
           Commission File Number:  0-15754
           
           
                    CREATIVE TECHNOLOGIES CORP.
    (Exact name of registrant as specified in its charter)
   NEW YORK                            11-2721083
 (State or other jurisdiction of (IRS Employer Identification Number)
 incorporation of organization)

   170 53rd Street, Brooklyn, New York         11232
  (Address of principal executive offices)     (Zip Code)

                         (718) 492- 8400
            (Registrant's telephone number, including area code)
 (Former name,  former address and  former  fiscalyear,  if  changed
since last report)  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.

Common Stock, Par Value $.03                      5,827,854
(Title of each class)   (Outstanding at September 30, 1995)

<PAGE>
                 CREATIVE TECHNOLOGIES CORP.

                            INDEX

   PART I - FINANCIAL INFORMATION                        PAGE

   Item 2.    Management's Discussion and Analysis of Financial
              Condition and Results of Operations           1


   PART II - OTHER INFORMATION

         Signatures                                         2
<PAGE>

   Item 2.    Management's Discussion and Analysis of Financial
              Condition and Results of Operations

   Liquidity and Capital Resources

   The    Company   designs,   manufactures    and
distributes  small  electric appliances  that  are
used   in   the  home  kitchen.   Currently,   the
Company's top selling items are a series of  fresh
pasta  making  machines and the Grill  Express,  a
novel food griller.

   In  1993,  the  Company obtained a  short  term
loan  in  the amount of $1,000,000 from an  entity one
of  whose  director  is  a  director  of  the Company.
The loan currently bears interest at 18% per annum.
The loan was renewed from time to time and  is
currently due September 30, 1996.  During the third
quarter of 1995 the Company repaid loans of  $250,000,
borrowed  on  a  short  term  basis $250,000 from
others at interest of 18% per annum, and    borrowed
$1,000,000  from  Shawmut  Capital
Corporation ("Shawmut") (see below).  At September 30,
1995, the Company had a total of $3,497,000 in notes
payable outstanding of which $2,830,000  are
guaranteed by two major shareholders one  of  whom is
an officer of the Company.  The loans were used for
seasonal  working  capital  and  the  Company expects
to  repay  these  loans  out  of  working capital
and   profits,  if  any,  derived          from
operations,   from  other  borrowings,   or   from
additional equity to be raised through  a  private
placement.

   For  the nine month period ended September  30,
1995,  net  cash used by operating activities  was
$5,822,000,  net  cash  of $651,000  was  used  in
investing  activities and net cash  of  $6,737,000 was
provided  by  financing  activities.       As   a
result,  for the nine month period ended September 30,
1995, cash increased by $264,000 to $681,000. The
Company has a satisfactory relationship  with its
suppliers.  The accounts receivable increased to
$4,073,000   at  September  30,        1995   from
$1,370,000  at  December 31, 1994, reflecting  the
change  from a factoring arrangement in which  the
company  factored  its accounts receivables  to  a
line  of  credit secured in part by  the  accounts
receivables.   The  accounts  payable  and   other
liabilities  decreased to $1,306,000 at  September 30,
1995 from $3,430,000 at December 31, 1994.

      Until  April  19,  1995,  the  Company  sold
substantially  all  of  its trade  receivables  at
various   levels  of  recourse  to   Rosenthal   &
Rosenthal,   Inc.  (the  "factor").   The   factor
preapproved  the sales which the Company  sold  to
the  factor.   The  factor made  advances  to  the
Company  and  charged the Company 2% above  prime. The
factoring commissions payable at the time   of
purchase were one percent of the first $10,000,000 of
the  receivables sold to the factor, .875%  of
the  next  $10,000,000 and .75% on  all  sales  of
receivables  over  $20,000,000.   The  Company  no
longer factors its receivables.

   On  April 19, 1995, the Company obtained a  one
year  credit  facility from Shawmut in  the  total
amount  of up to $15,000,000 consisting of a  term
loan  of  $1,000,000 and revolving credit facility of
up  to $15,000,000 less the outstanding amount of  the
term loan.  The term loan was payable      in
twelve   equal   monthly   installments   and   is
guaranteed  by  a  major  stockholder  who  is  an
officer  of  the  Company.  The  revolving  credit
facility  is  limited  to  advance  rates  against
available Eligible Accounts and Eligible Inventory (as
defined in the agreement).

   The  Company pays interest on the Term Loan and on
the outstanding revolving credit loans at  the rate
of  1.25% over the prime rate of the Shawmut Bank
Connecticut,   N.A.   and   pays    certain additional
fees.

   The  loan  agreement requires  the  Company  to
maintain certain levels of profitability,  working
capital,  tangible net worth, net  cash  flow  and
interest  coverage ratio and places certain  other
restrictions  on  the Company.  At  September  30,
1995  the  Company was in default  of  certain  of
these  covenants.  The Company and Shawmut entered
into  a  Post Default Agreement effective November 1,
1995,  in which Shawmut agreed to continue  to extend
financing to the Company and  to  forebear from
accelerating  the loans until  December  31, 1995,  to
limit loans available under the  credit facility to
$5,500,000 and to slightly reduce  the advance  rates
against  Eligible  Accounts.  The
Company  is  presently in discussion with  various
lending     institutions    seeking    replacement
financing.

   Pursuant  to  a private placement  the  Company
expects to raise $2,000,000 in new capital by  the
sale  of 2,000,000 shares of common stock at a  $1 per
share.  During the month of September 1995 the Company
sold 830,000 shares.  The Company expects to raise
additional equity.

<PAGE>
CREATIVE TECHNOLOGIES CORP.
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.



CREATIVE TECHNOLOGIES CORP.
Registrant

Dated :  January 4, 1996      By:   S/Richard Helfman
                              Richard Helfman, President