SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549



                                   FORM 10-Q/A
                                 AMENDMENT NO.1

                Quarterly Report Under Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


For quarterly period ended August 31, 1996

Commission File No.  0-19369


                   LITTLE SWITZERLAND, INC.

    (Exact name of registrant as specified in its charter)

Delaware                            66-0476514
(State of Incorporation)            (I.R.S Employer
                                    Identification No.)

161-B Crown Bay Cruise Ship Port
St. Thomas U.S.V.I.                             00802
(Address of Principal Executive Offices)   (Zip Code)

(809) 776-2010
(Registrant's Telephone Number, Including Area Code)


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 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



At October  7,  1996,  8,458,294  shares of $.01 par value  common  stock of the
registrant were outstanding.


<PAGE>



                            LITTLE SWITZERLAND, INC.

                              INDEX TO FORM 10-Q/A

                      FOR THE QUARTER ENDED AUGUST 31, 1996


                                                               PAGE
PART I.         FINANCIAL INFORMATION                  

Item 1.         Financial Statements

      Consolidated Balance Sheets as of
      August 31, 1996 (unaudited) and
      June 1, 1996                                               3

      Consolidated Statements of Income
      for the three months ended August 31,
      1996 and 1995 (unaudited)                                  4


      Consolidated Statements of Cash Flows
      for the three months ended August 31,
      1996 and 1995 (unaudited)                                  5

      Notes to Consolidated Financial
      Statements (unaudited)                                     6-11


Item 2.         Management's Discussion and Analysis
                of Financial Condition and Results
                of Operations                                   12-14


PART II. OTHER INFORMATION

Item 6.         Exhibits and Reports on Form 8-K                15
-------         --------------------------------

Signature Page                                                  16













<PAGE>



PART I.  FINANCIAL INFORMATION                                      FORM 10-Q/A
Item 1.  Financial Statements                                       Page 3

                    LITTLE SWITZERLAND, INC. AND SUBSIDIARIES
                   Consolidated Balance Sheets (in thousands)

                                                      August 31,      June 1,
                          ASSETS                        1996            1996
                                                      ---------       ------
Current assets:                                       (unaudited)
   Cash and cash equivalents..........................$  3,711        $  5,393
   Accounts receivable................................   1,616           1,892
   Inventory..........................................  49,508          43,678
   Prepaid expenses and other current assets..........   2,824           1,607
                                                      ---------       --------
      Total current assets............................  57,659          52,570
                                                      ---------       --------

Property, plant and equipment, at cost................  35,103          34,247
   Less -- Accumulated depreciation................... (13,350)        (12,522)
                                                      ---------       ---------
                                                        21,753          21,725
Other assets..........................................   3,534           3,582
                                                      ---------       --------

         Total assets.................................$ 82,946        $ 77,877
                                                      =========       =========
               LIABILITIES AND STOCKHOLDERS EQUITY
Current liabilities:
   Current portion of long term debt..................$  1,113        $    832
   Unsecured notes payable............................   9,200           7,100
   Accounts payable...................................  11,935           6,839
   Accrued and currently deferred income taxes........     966           2,002
   Other accrued expenses and deferred income.........   2,893           3,225
                                                      ---------       --------

Total current liabilities                               26,107          19,998

Long term debt........................................   7,788           8,068

Deferred income taxes.................................      90              90
                                                      ---------       --------

Total liabilities.....................................  33,985          28,156
                                                      ---------       --------

Commitments and contingencies.........................     ---             ---

Minority interest.....................................   1,619           1,619
                                                      ---------       --------
Stockholders' equity:
  Preferred stock, $.01 par value--
    Authorized--5,000 shares
    Issued and outstanding--none......................     ---             ---
  Common stock, $.01 par value--
    Authorized--20,000 shares
    Issued and outstanding--8,458 shares at
      August 31, 1996 and 8,457 at June 1, 1996.......      85              85
Capital in excess of par..............................  14,801          14,792
Retained earnings.....................................  32,456          33,225
                                                      ---------       --------

      Total stockholders' equity......................  47,342          48,102
                                                      ---------       --------

      Total liabilities, minority interest

         and stockholders' equity.....................$ 82,946        $ 77,877
                                                      =========       =========
           See accompanying notes to consolidated financial statements


<PAGE>



PART I. FINANCIAL INFORMATION                                       FORM 10-Q/A
Item 1. Financial statements                                        Page 4



                    LITTLE SWITZERLAND, INC. AND SUBSIDIARIES
                        Consolidated Statements of Income
                      (in thousands except per share data)
                                   (unaudited)



                                          For the three months
                                            ended August 31,
                                           1996          1995
                                         --------       --------

Net sales................................$15,868        $14,068
Cost of sales............................  8,972          7,977
                                         --------        -------

Gross profit.............................  6,896          6,091

Selling, general and
administrative expenses..................  7,929          6,333

Business interruption insurance
   proceeds..............................   (428)          ---
                                         --------        -------

     Operating (loss)....................   (605)          (242)

Interest expense, net....................    332             74
                                         --------        -------


     (Loss) before benefit
        for income taxes.................   (937)          (316)

(Benefit) for income taxes...............   (168)           (66)
                                         --------       --------

Net (loss)...............................$  (769)       $  (250)
                                         ========       ========

Net (loss) per share.....................$ (0.09)       $ (0.03)
                                         ========       ========

Weighted average shares
    outstanding..........................  8,458          8,454
                                         ========       ========



            See accompany notes to consolidated financial statements


<PAGE>



PART I. FINANCIAL INFORMATION                                       FORM 10-Q/A
Item 1. Financial statements                                        Page 5

                    LITTLE SWITZERLAND, INC. AND SUBSIDIARIES
                      Consolidated Statements of Cash Flows
                                 (in thousands)
                                   (unaudited)

                                                        For the three months
                                                          ended August 31,
Cash flows from operating activities:                     1996       1995
                                                       ---------   --------
   Net (loss).........................................$   (769)   $   (250)
     Adjustments to reconcile net loss to
       net cash provided by operating activities--
       Depreciation and amortization..................     828         581
       Changes in assets and liabilities:
         Decrease in accounts receivable..............     276         406
        (Increase) in inventory.......................  (5,830)     (3,291)
        (Increase) in prepaid expenses
           and other current assets...................  (1,217)       (782)
         Decrease in other assets.....................      48          11
         Increase (decrease) in accounts payable......   5,097      (1,789)
        (Decrease) in other accrued expenses and
           deferred income............................    (332)       (161)
        (Decrease) in accrued and currently
           deferred income taxes......................  (1,036)       (168)
                                                        -------     -------
   Net cash (used in) operating activities............  (2,935)     (5,443)
                                                        -------     -------

Cash flows from investing activities:
     Capital expenditures.............................    (856)     (1,312)
                                                        -------     -------
   Net cash (used in) investing activities............    (856)     (1,312)
                                                        -------     -------
Cash flows from financing activities:
     Increase in unsecured notes payable..............   2,100       5,500
     Issuance of common stock.........................       9           9
                                                        -------     -------
Net cash provided by financing activities.............   2,109       5,509
                                                        -------     -------

Net (decrease) in cash and cash equivalents...........  (1,682)     (1,246)

Cash and cash equivalents, beginning of period........   5,393      (2,899)
                                                        -------     -------
Cash and cash equivalents, end of period..............$  3,711    $  1,653
                                                        =======     =======


During the three months ended August 31, 1996 and 1995,  the Company paid income
taxes  of $837  and  $102,  respectively,  and  paid  interest  of $259 and $62,
respectively.


           See accompanying notes to consolidated financial statements


<PAGE>



FINANCIAL INFORMATION                                               FORM 10-Q/A
Item 1.  Financial statements                                       Page 6


                 LITTLE SWITZERLAND, INC. AND SUBSIDIARIES
                 Notes to Consolidated Financial Statements

                             (unaudited)


1. CONSOLIDATED FINANCIAL STATEMENTS

         The  accompanying   consolidated   financial   statements  include  the
operations of the Company and its wholly owned subsidiaries,  L.S. Holding, Inc.
and L.S.  Wholesale,  Inc.  All  significant  intercompany  balances  have  been
eliminated in consolidation. The interim financial statements are unaudited and,
in the opinion of  management,  contain  all  adjustments  necessary  to present
fairly the Company's  financial  position as of August 31, 1996 and 1995 and the
results of its operations and cash flows for the interim periods  presented.  It
is suggested that these interim financial statements be read in conjunction with
the financial  statements and the notes thereto included in the Company's latest
report on Form 10-K.

         Effective  with the second  quarter of fiscal  year 1996,  the  Company
adopted a "4-5-4" fiscal calendar  wherein each fiscal quarter contains two four
week  periods and one five week period,  with each period  beginning on a Sunday
and ending on a Saturday.  Previously,  the Company used calendar months for its
fiscal  periods.  The  purpose  of this  change is to  provide  more  consistent
comparability  between fiscal periods. The change in fiscal calendar resulted in
one less day in the first  quarter of the current year, as compared to the prior
year.  Management  estimates  that the one day lost  from this  fiscal  calendar
change had no material  effect on the reported  net loss for the current  fiscal
quarter.

         The results of  operations  for the interim  periods  presented are not
necessarily  indicative of the results to be expected for a full fiscal year due
to the seasonal nature of the Company's operations.


2. RESTATEMENT

     In July, 1997 management disclosed to its independent auditors that certain
transactions  may have been recorded in error on the books of the Company.  As a
result,  the Company  engaged  Arthur  Andersen,  LLP to evaluate the matter and
determine the impact, if any, on the Company's previously and currently reported
consolidated financial statements. After extensive review, analysis


<PAGE>




                                                                   FORM 10-Q/A
                                                                   Page 7


                 LITTLE SWITZERLAND, INC. AND SUBSIDIARIES
                 Notes to Consolidated Financial Statements

                                (unaudited)


and  evaluation,  which  focused  on  unlocated  differences  in cash  balances,
management believes that an employee defalcation has occurred during the current
fiscal year. The estimated loss of approximately $200,000 has been classified as
a general and administrative  expense in the accompanying  restated consolidated
statement of income for the three month period ended August 31, 1996.


3. RISKS AND UNCERTAINTIES

         The  preparation of financial  statements in conformity  with generally
accepted  accounting  principles  requires  management  to  make  estimates  and
assumptions  that  affect the  reported  amounts of assets and  liabilities  and
disclosure of  contingent  assets and  liabilities  at the date of the financial
statements  and the  reported  amounts  of  revenues  and  expenses  during  the
reporting period. Actual results could differ from those estimates.


4. TRANSACTIONS WITH AFFILIATES

         The Company  enters into a number of  transactions  with Town & Country
Corporation, of which two of the Company's Directors are Executive Officers. The
Company  purchases  a portion  of its  merchandise  from Town & Country  and its
affiliated companies at prices which approximate arm's-length transactions.


5. CREDIT ARRANGEMENTS

         The Company has available a total of $19.6 million in unsecured  credit
facilities,  of which $10.4 million is available for borrowing  with  maturities
ranging  from one to three years from August 31, 1996.  Any unfunded  portion of
the facilities can be withdrawn at the bank's discretion. Outstanding borrowings
against  these  credit  facilities  totaled  $9.2 million as of August 31, 1996.
Additionally,  in February 1996, the Company secured term debt of  approximately
$8.9 million from its two lead banks to finance its


<PAGE>



                                                                    FORM 10-Q/A
                                                                    Page 8


                    LITTLE SWITZERLAND, INC. AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements

                                   (Unaudited)


acquisition of the fixtures,  leasehold  rights and inventories of two stores in
Barbados.  Interest  on  this  debt  accrues  at  an  annual  interest  rate  of
approximately  7.25% and is payable  monthly.  The principal is payable in equal
quarterly payments over a four year period,  commencing March 1997. As of August
31, 1996, the Company was in compliance with all restrictive  covenants  related
to its  unsecured  and term  debt  agreements.  Additionally,  the  Company  has
available separate facilities for foreign exchange contracts.


6. EARNINGS PER SHARE

         Earnings  per share is based on the weighted  average  number of shares
outstanding  during each period.  Primary and fully  diluted  earnings per share
have not been presented as they are within three percent of simple  earnings per
share.


7. ACCOUNTING FOR INCOME TAXES

         The Company uses the Liability method in accounting for income taxes in
accordance  with SFAS No. 109. This standard  determines  deferred  income taxes
based on the  estimated  future  tax  effects  of any  differences  between  the
financial  statement  and the tax basis of  assets  and  liabilities,  given the
provisions of the enacted tax laws.


8.  INTANGIBLE ASSETS

         The Company accounts for long-lived and intangible assets in accordance
with SFAS No. 121.  Accounting for the  Impairment of Long-lived  Assets and for
Long-lived  Assets to be  Disposed  of.  The  Company  continually  reviews  its
intangible  assets for events or changes in  circumstances  which might indicate
the carrying amount of the assets may not be recoverable.  The Company  assesses
the recoverability of the assets by determining whether the amortization of such
intangibles  over  their  remaining  lives can be  recovered  through  projected
undiscounted future results. The amount of impairment, if any, is measured based
on projected  discounted  future  results using a discount rate  reflecting  the
Company's average cost of funds.


<PAGE>



                                                                    FORM 10-Q/A
                                                                    Page 9

                    LITTLE SWITZERLAND, INC. AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements

                                   (unaudited)


9.  ACCOUNTING FOR STOCK-BASED COMPENSATION

         SFAS No. 123,  which is  effective  for fiscal  years  beginning  after
December 15, 1995,  requires pro forma disclosure but only encourages  companies
to change  their  accounting  for  stock-based  compensation.  Adoption  of this
standard is required for fiscal 1997. The Company is currently in the process of
determining how it will implement this standard.


10.  ADVERTISING

         The Company  expenses the costs of  advertising as  advertisements  are
printed  and  distributed.  The  Company's  advertising  consists  primarily  of
advertisements  with local and national travel magazines which are produced on a
periodic  basis  and  distributed  to  visiting  tourists,  and  fees  paid  for
promotional  "port  lecturer"   programs  directed   primarily  at  cruise  ship
passengers.


11.  COMMITMENTS AND CONTINGENCIES

         In September  1995,  Hurricanes  Luis and Marilyn  inflicted  damage to
several  of the  Company's  stores  and  caused  significant  damage to  various
islands'  infrastructures,  including hotels and other tourist facilities. As of
August 31, 1996,  all stores have  reopened  with the  exception of one store in
Marigot, St. Martin which is scheduled to reopen in the fall of 1996.

         The  Company  has  settled  all  outstanding   claims  related  to  the
hurricanes with its insurance carrier. In connection with this final settlement,
the  company  received  approximately  $13.4  million in property  and  business
interruption  proceeds.  The Company recorded a net gain of  approximately  $4.7
million  in  fiscal  1996,  after  write-offs   related  to  damaged  assets  of
approximately  $8.1 million,  including  furniture  and fixtures,  inventory and
other  assets  related  to  stores  affected  by the  hurricanes.  In  addition,
approximately $560,000,  representing fiscal 1997 lost profits for the as yet to
be reopened  Marigot  store,  was recorded as deferred  income on the  Company's
consolidated balance sheet as of June 1,


<PAGE>



                                                                    FORM 10-Q/A
                                                                    Page 10

                    LITTLE SWITZERLAND, INC. AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements

                                   (unaudited)


1996.  In the current  fiscal  quarter,  the Company  recorded  $428,000 of that
amount as  Business  interruption  insurance  proceeds  which  represented  lost
profits for the closed Marigot store.

         The  Company is  insured  for  property  losses  and  related  business
interruption losses in excess of 5% of the insured value of the property subject
to a claim.  For fiscal  years 1995 and 1996,  the Company was only  insured for
wind related losses in excess of $5 million, subject to certain deductibles.


12.  ACQUISITION

         On February 16, 1996, World Gift Imports (Barbados), Inc., a subsidiary
of LS Holding,  Inc.  which is a subsidiary  of Little  Switzerland,  Inc.  (the
"Company"),  purchased the leasehold  rights,  fixtures and  inventories  of two
retail stores located in Barbados,  West Indies,  from Dacosta  Mannings Inc., a
subsidiary of Barbados  Shipping & Trading Company Limited.  The two stores were
previously  operated under the name of Louis Bayley and sold merchandise similar
to that  carried in the  Company's  retail  stores  such as name brand  watches,
jewelry,  china,  crystal and gift items at duty free prices.  The Company began
operating the two stores as "Little Switzerland" stores on February 19, 1996.

         The purchase price of approximately  $10.6 million was financed by bank
borrowing  provided by the Company's two primary  banks,  Chase Bank and Bank of
Nova Scotia,  of approximately  $8.9 million and the issuance of preferred stock
of  approximately  $1.6  million by World Gift Imports  (Barbados),  Inc. to the
seller.  The purchase price is subject to adjustment  three and four years after
the closing date, based on the sales performance of the two purchased stores and
any additional  stores that may be opened by the Company in Barbados during that
period.  As a part of the purchase  agreement,  the Company pays to the seller a
management fee of 2.5% of its Barbados stores annual sales up to $15 million and
1.25% of annual sales in excess of $15 million,  so long as the preferred  stock
is unredeemed.  The preferred stock may be redeemed by the Company at face value
at any time after three years from the date of close through nine years from the
date of close.  Following  that period,  the Company  retains the right of first
refusal  to match  any bona  fide  offer  from a third  party  to  purchase  the
preferred stock.



<PAGE>



                                                                   FORM 10-Q/A
                                                                   Page 11


                    LITTLE SWITZERLAND, INC. AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements

                                   (unaudited)


         The  Acquisition  has  been  accounted  for as a  purchase  transaction
effective as of February 16, 1996,  in  accordance  with  Accounting  Principles
Board Opinion No. 16, "Business Combinations", and accordingly, the consolidated
financial  statements for the period subsequent to February 16, 1996 reflect the
purchase price allocated to tangible and intangible  assets  acquired,  based on
their  estimated fair values as of February 16, 1996,  which may be revised at a
later  date.  However,  the  Company  does not  expect  material  changes to the
allocation of the purchase price.

     Unaudited pro forma  operating  results of the Company for the three months
ended August 31, 1995 as adjusted for the debt  financing and estimated  effects
of the acquisition as if it had occurred on June 1, 1995, are as follows:


Net sales............................................  $15,245,000
Net (loss)...........................................     (445,000)
Net (loss) per share.................................         (.05)

Weighted average shares outstanding..................    8,454,000






















<PAGE>



                                                                  FORM 10-Q/A
                                                                  Page 12


PART I. FINANCIAL INFORMATION

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


RESULTS OF OPERATIONS


NET SALES

         Net  sales for the first  quarter  ended  August  31,  1996 were  $15.9
million or 12.8% higher than net sales of $14.1 million for the same period last
year.  The increase in net sales is primarily  the result of sales  generated by
four new stores,  the Royal Plaza store in Aruba, the Juneau store in Alaska and
two stores in Barbados.

         Net sales of $11.7  million  for  stores  which  were open for the full
three  month  period this year and last year  decreased  12.0% from net sales of
$13.3 million for the same period last year. This was primarily due to decreased
sales in the U.S. Virgin  Islands,  St.  Maarten/St.  Martin and Antigua stores.
Lower  tourist and cruise ship visits to these  islands  occurred due to damaged
infrastructure  and tourist facilities on these islands from Hurricanes Luis and
Marilyn in September  1995 and the active  hurricane  season  experienced in the
Caribbean  this  year,  including  Hurricane  Bertha in July,  which  caused the
diversion of cruise ships from the region.

GROSS PROFIT

         Gross  profit as a  percentage  of net  sales  during  the three  month
periods ended August 31, 1996 and 1995 were 43.5% and 43.3%, respectively.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

         First quarter selling,  general and  administrative  expenses  ("SG&A")
increased 25.2% to $7.9 million for the three month period ended August 31, 1996
from $6.3 million for the same period last year. As a percent to net sales, SG&A
expenses increased to 50.0% for the quarter ended August 31, 1996 from 45.0% for
the  same  quarter  last  year.  In  July,  1997  management  disclosed  to  its
independent auditors that certain transactions may have been



<PAGE>



                                                                 FORM 10-Q/A
                                                                 Page 13

PART I. FINANCIAL INFORMATION

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



recorded in error on the books of the Company.  As a result, the Company engaged
Arthur Andersen, LLP to evaluate the matter and determine the impact, if any, on
the  Company's   previously  and  currently  reported   consolidated   financial
statements.  After extensive review,  analysis and evaluation,  which focused on
unlocated  differences  in cash balances,  management  believes that an employee
defalcation  has occurred  during the current fiscal year. The estimated loss of
approximately  $200,000  has been  classified  as a general  and  administrative
expense for the three month period ended August 31, 1996.  Additional  increases
in SG&A  expenses are  attributable  to new stores  opened since the first three
months of last fiscal year.


BUSINESS INTERRUPTION INSURANCE PROCEEDS

         For the three month period  ended August 31, 1996 the Company  recorded
$428,000  as Business  interruption  insurance  proceeds  which  represents  the
insurance  recovery for lost profits  from its closed  Marigot  store during the
period.


OTHER

         Net  interest  expense for the three month period ended August 31, 1996
and 1995  totaled  $332,000 and  $74,000,  respectively.  The increase is due to
higher average  borrowings  this year to support  increased  inventories for new
stores and the  interest on long term debt  utilized in the  acquisition  of the
fixtures, leasehold rights and inventories of two stores in Barbados in February
1996.

         The  Company's  effective  income tax rates for the three month  period
ended August 31, 1996 and 1995 consisted of a benefit of  approximately  18% and
21%, respectively.








<PAGE>



                                                                   FORM 10-Q/A
                                                                   Page 14


PART I. FINANCIAL INFORMATION

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


LIQUIDITY AND CAPITAL RESOURCES

         Net cash used in operations  during the three month period ended August
31, 1996 was $2.9 million  compared to $5.5 million used in  operations  for the
same three month period last year.  The decrease in net cash used in  operations
primarily  reflects an increase in accounts payable of $5.1 million offset by an
increase  in  inventories  of $2.5  million  this year,  a $436,000  increase in
prepaid expenses and other current assets and a $986,000 decrease in accrued and
currently  deferred  income  taxes,  as compared to the same period in the prior
year.

         The Company's  working capital position as of August 31, 1996 decreased
to $31.6  million from $32.6 million at June 1, 1996.  Current  ratios were 2.21
and  2.63  as of the  same  periods,  respectively.  Capital  expenditures  were
approximately  $856,000  during the three month  period  ended  August 31, 1996,
compared to  approximately  $1.3 million during the same period last year. Major
capital  expenditures  this year  include new in-store  merchandise  systems and
related hardware,  upgrade of the Company's central computer system, a new store
in Juneau,  Alaska and the  refurbishment  of stores in St. Thomas,  Marigot and
Antigua.

         The Company has total  unsecured  credit  facilities  of $19.6  million
provided by its two lead banks. As of August 31, 1996,  short-term borrowings of
$9.2  million were  outstanding  against  these  facilities.  Additionally,  the
Company has secured facilities through its two lead banks for the acquisition of
the leasehold rights, fixed assets and inventory of two stores in Barbados.  The
total borrowing  provided for the acquisition was $8.9 million at an approximate
7 1/4% interest rate,  with terms of interest only, for the first year and equal
principal  payments due  quarterly  over the following  three years.  It remains
management's expectation that funds available from operations and bank financing
will be sufficient to fund  operations and expansion for at least the next three
years.






<PAGE>




                                                                   FORM 10-Q/A
                                                                   Page 15



PART II.  OTHER INFORMATION


Item 6.  Exhibits and Reports of Form 8-K

(a)   Exhibits--Not Applicable

(b)   Reports on Form 8-K

      No Form 8-K was issued by the  registrant  during the three  month  period
ended August 31, 1996.



































<PAGE>



                                                                   FORM 10-Q/A
                                                                   Page 16


                 LITTLE SWITZERLAND, INC. AND SUBSIDIARIES


                                 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.


                                  LITTLE SWITZERLAND, INC.


Date:  October 3, 1997           /s/ Ronald J. Lataille
       ---------------           ----------------------

                                 Ronald J. Lataille
                                 Vice President and
                                 Chief Financial Officer