Page 1 of 7

                              UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549



                                FORM 10-Q


(Mark One)

/ X /     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
          SECURITIES EXCHANGE ACT OF 1934
 
For the quarterly period ended          December 31, 1995               

                                   OR
 
/___/     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
          SECURITIES AND EXCHANGE ACT OF 1934
       
For the transition period from                     to                    

Commission file number        1-8368       

                    ROLLINS ENVIRONMENTAL SERVICES, INC.                
         (Exact name of registrant as specified in its charter)


         DELAWARE                                           51-0228924    
(State or other jurisdiction of                        (I.R.S. Employer
 incorporation or organization)                         Identification No.)

One Rollins Plaza, Wilmington, Delaware                       19803       
(Address of principal executive offices)                      (Zip Code)

                              (302) 426-2784                              
          (Registrant's telephone number, including area code)

                                                                          
                       (Former name of registrant)

     Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Sections 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 _____ 

     The number of shares of the registrant's common stock outstanding as
of December 31, 1995 was 60,375,811.

FORM 10-Q                                                     Page 2 of 7

                     PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

     The accompanying unaudited condensed consolidated financial statements
have been prepared in accordance with the instructions to Form 10-Q and do
not include all of the information and footnotes required by generally
accepted accounting principles for complete financial statements.  In the
opinion of management, all adjustments (consisting of normal recurring
accruals) considered necessary for a fair presentation have been included. 
Operating results for the quarter ended December 31, 1995 are not
necessarily indicative of the results that may be expected for the year
ending September 30, 1996.  These statements should be read in conjunction
with the financial statements and notes thereto included in the Company's
Annual Report on Form 10-K for the year ended September 30, 1995.


                  ROLLINS ENVIRONMENTAL SERVICES, INC.
                  CONSOLIDATED STATEMENT OF OPERATIONS
               ($000 Omitted Except for Per Share Amounts)


                                                     Quarter Ended
                                                      December 31,   
                                                  1995         1994

Revenues                                         $61,436      $49,907

Operating expenses                                52,738       35,603
Depreciation                                       7,530        5,621
Selling and administrative expenses                9,214        6,729
Interest expense                                   2,363           78

                                                  71,845       48,031

Earnings (loss) before income tax (benefit)      (10,409)       1,876

Income tax (benefit)                              (3,736)         656

Net earnings (loss)                              $(6,673)     $ 1,220

Earnings (loss) per share                        $  (.11)     $   .02

Average common shares and equivalents
  outstanding (000)                               60,421       60,381

Dividends paid per common share                     None        None

FORM 10-Q                                                     Page 3 of 7

                  ROLLINS ENVIRONMENTAL SERVICES, INC.
                       CONSOLIDATED BALANCE SHEET
                             ($000 Omitted)

                                               December 31,   September 30,
               ASSETS                             1995          1995  

Current assets
  Cash and cash equivalents (includes
    short-term investments of: 
    $23,305-December; $32,108-September)        $ 29,176      $ 38,691
  Accounts receivable, net                        44,478        42,774
  Income taxes recoverable                        12,335        10,637
  Deferred income taxes                            4,215         4,948
  Other current assets                            12,605        12,122
        Total current assets                     102,809       109,172

Property and equipment, at cost     
  Land                                            31,324        31,324
  Buildings                                       72,129        72,169
  Equipment and vehicles                         298,901       299,035
  Site improvements                               30,618        30,250
  Construction in progress                        19,424        17,277
  Accumulated depreciation                      (158,565)     (151,382)
                                                 293,831       298,673
Excess of cost over net assets of
    businesses acquired                            9,802        10,054
Other assets                                      11,183        11,585
                                                $417,625      $429,484
     LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities 
  Accounts payable                              $ 23,023      $ 23,705
  Accrued liabilities                             29,575        29,283
  Accrued remediation and other costs              3,163         3,723
  Current maturities of long-term debt             1,238         1,689
        Total current liabilities                 56,999        58,400

Long-term debt                                   133,648       134,181
Accrued remediation and other costs               11,359        11,959
Other liabilities                                 10,511        10,456
Deferred income taxes                             27,112        29,819
 
Commitments and contingent liabilities
  See Part II, Item 1 Legal Proceedings

Shareholders' equity               
  Preferred stock, $1 par value,                           
     1,000,000 shares authorized; issued and
     outstanding - None 
  Common stock, $1 par value, 120,000,000 shares 
     authorized; issued and outstanding:                   
     December-60,375,811; September-60,375,811    60,376        60,376
  Capital in excess of par value                   4,650         4,650
  Retained earnings                              112,970       119,643
        Total shareholders' equity               177,996       184,669
                                                $417,625      $429,484

FORM 10-Q                                                     Page 4 of 7

                  ROLLINS ENVIRONMENTAL SERVICES, INC.
                  CONSOLIDATED STATEMENT OF CASH FLOWS
                             ($000 Omitted)



                                                         Quarter Ended 
                                                          December 31,  
                                                        1995       1994   

Cash flows from operating activities:
  Net earnings (loss)                                 $(6,673)   $ 1,220
  Reconciliation of net earnings (loss) to net
    cash flows from operating activities:
    Expenditures charged to accrued remediation 
      and other costs                                  (1,160)      (619)
    Depreciation and amortization                       7,781      5,621
    Changes in assets and liabilities:
      Current and deferred income taxes                (3,672)       898 
      Accounts receivable                              (1,704)    (6,845)
      Accounts payable and accrued liabilities           (390)     2,673 
    Other, net                                            (30)    (3,488)
    Net cash flows used in operating activities        (5,848)      (540)
            
Cash flows from investing activities:                            
  Purchase of property and equipment                   (2,687)    (4,744)
  Proceeds from sale of equipment                           4        127
    Net cash flows used in investing activities        (2,683)    (4,617)

Cash flows from financing activities:
  Repayment of long-term debt                            (984)      -   
    Net cash flows used in financing activities          (984)      -   
  
Net (decrease) in cash and cash equivalents            (9,515)    (5,157)

Cash and cash equivalents:
  Beginning of period                                  38,691     54,772
  End of period                                       $29,176    $49,615
                               
Supplemental information:
  Interest paid                                       $ 1,363    $    71
  Income taxes Paid (recovered)                       $    64    $  (242)


   
<PAGE>
FORM 10-Q                                                     Page 5 of 7

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

Results of Operations:  Three Months Ended December 31, 1995 vs. Three
Months Ended December 31, 1994

       Revenues increased by $11,529,000 (23.1%) to $61,436,000 from the
$49,907,000 reported last year.  Acquisitions made during fiscal 1995
contributed $16,699,000 to the 1996 revenue, while existing business
revenues decreased by $5,170,000.  The existing business revenues decreased
due to lower average prices, lower incineration volumes and a change in
incineration mix.  The Company's incineration revenues were adversely
affected by industry-wide overcapacity, intense price competition (which
resulted in significantly lower selling prices) and lower volumes of
available waste.

       Operating expenses increased by $17,135,000 (48.1%) to $52,738,000
from the $35,603,000 reported last year.  Acquisitions in 1995 contributed
approximately $17,823,000 of this expense increase, while existing business
expenses decreased by $688,000.  Operating costs as a percentage of
revenues increased to 85.8% in 1995 from 71.3% in 1994.  Since a large
component of the Company's cost structure is fixed, operating expenses
increased as a percentage of revenues.  The Company continues to reduce
expenses and streamline the organization.

       Depreciation increased by $1,909,000 (34.0%) due mainly to the
impact of the 1995 acquisitions offset in part by lower capital
expenditures during the past few years.

       Selling and administrative expenses increased $2,485,000 (36.9%) as
a result of higher payroll, data processing and other costs incurred in
connection with acquisitions in the third quarter of fiscal 1995.  As a
percentage of revenues, selling and administrative expenses increased to
15.0% in 1995 from 13.5% in 1994.

       Interest expense increased by $2,285,000 as a result of acquisition-
related debt incurred or assumed in the third quarter of fiscal 1995.

       The effective income tax benefit for the first quarter of fiscal
year 1996 was 35.6%.  The effective income tax rate for the first quarter
of fiscal year 1995 was 35.0%.

Liquidity and Capital Resources

       The cash used in operations during the first fiscal quarter of 1996
is not representative of the Company's expectations for future quarters due
to the unfavorable working capital changes experienced.  Depreciation
expense represents a significant non-cash charge to operations. 

       During the first fiscal quarter of 1996 and 1995, expenditures for
property and equipment were $2,687,000 and $4,744,000, respectively.  In
addition, expenditures on remediation projects at the Company's facilities
during the first fiscal quarter of 1996 and 1995 were $1,160,000 and
$619,000, respectively.  The Company financed its capital and remediation
expenditures during the first fiscal quarter of 1996 from available cash
resources.


FORM 10-Q                                                     Page 6 of 7

       The Company's projected capital and remediation expenditures for the
remainder of fiscal 1996 are approximately $11,600,000.  Capital and
remediation expenditures are expected to be financed from available cash
balances, income taxes refunded and proceeds from the sale of certain
nonstrategic assets.

       The Company continues its efforts designed to reduce operating
losses through cost reductions and increased operating efficiencies.  In
addition, the Company reorganized its sales and marketing force with
emphasis on expanding its scope of customer services in order to enhance
revenues and improve cash flows.

       Results of operations for the quarter ended December 31, 1994 do not
include the effects of acquisitions made during the latter part of fiscal
year 1995.  Set forth below is a more relevant comparison between the
Company's first quarter of fiscal 1996 and the fourth quarter of fiscal
1995.  The comparative operating information reflecting the impact of the
Company's ongoing cost containment efforts is as follows:

                         Quarter Ended              Quarter Ended
                       December 31, 1995          September 30, 1995  
                        $      % of Revenue        $      % of Revenue
Revenues             $61,436       100.0        $60,819       100.0

Expenses
  Operating           52,738        85.8         54,230        89.2
  Depreciation         7,530        12.3          7,624        12.5
  Selling and
    administration     9,214        15.0          9,357        15.4
  Interest             2,363         3.8          2,537         4.2
                     $71,845       116.9        $73,748       121.3

       For the remainder of fiscal year 1996, the Company anticipates lower
operating cash requirements as it realizes the benefits of cost reductions
and lower capital spending.  The Company believes that existing cash
balances, a federal income tax refund of $9,811,767 received during the
Company's second fiscal quarter and cash expected to be generated from
future operations will be sufficient to meet the Company's cash
requirements for the remainder of fiscal 1996.  For further details, see
page 8 of the Company's 1995 Annual Report on Form 10-K.

                       PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

       There have been no additional significant legal proceedings nor any
material changes in the legal proceedings reported on pages 3 through 5 of
the Company's Annual Report on Form 10-K for the fiscal year ended
September 30, 1995.

Item 2.  Changes in Securities

       None.

Item 3.  Defaults Upon Senior Securities

       None.
FORM 10-Q                                                     Page 7 of 7

Item 4.  Submission of Matters to a Vote of Security Holders

       None.

Item 5.  Other Information

       None.

Item 6.  Exhibits and Reports on Form 8-K

       None.


                               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.



DATE:    January 24, 1995        ROLLINS ENVIRONMENTAL SERVICES, INC.    
                                             (Registrant)




                              /s/ John V. Flynn, Jr.                   
                              John V. Flynn, Jr.
                              President and Chief Operating Officer



                              /s/ Frank H. Minner, Jr.                 
                              Frank H. Minner, Jr.
                              Group Vice President-Finance and Treasurer 
                              Chief Financial Officer   
                              Chief Accounting Officer