SECURITIES AND EXCHANGE COMMISSION

                      Washington, D.C. 20549

                             FORM 10-K


         Annual Report Pursuant to Section 13 or 15(d) of
                the Securities Exchange Act of 1934


For the Fiscal Year Ended            Commission File Number
    November 30, 1995                      2-85538-B


                       CCA INDUSTRIES, INC.
        (Exact Name of Registrant as specified in Charter)


          DELAWARE                      04-2795439
(State or other jurisdiction of      (I.R.S. Employer 
incorporation or organization)       Identification No.)


    200 Murray Hill Parkway, East Rutherford, New Jersey  07073
   (Address of principal executive offices, including zip code)

                          (201) 330 1400
       (Registrant's telephone number, including area code)



Securities registered pursuant to Section 12(b) of the Act: NONE

    Securities registered pursuant to Section 12(g) of the Act:

               Common Stock par value $.01 per share
                         (Title of Class)

           Class A Common Stock par value $.01 per share
                         (Title of Class)



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 requirement
for the past 90 days.  Yes  X .   No    .
<PAGE>

State the aggregate market value of the voting stock held by
non-affiliates of the Registrant, i.e., by persons other than
officers and directors of the Registrant at the average bid and
ask prices at November 30, 1995.


                                     Market Value at close
Class of Voting Stock                     of Business     

                                        High          Low
5,603,871 shares Common
Stock, $.0l par value                $8,405,807      $8,055,565


                    APPLICABLE ONLY TO REGISTRANTS 
                    INVOLVED IN BANKRUPTCY PROCEEDINGS
                    DURING THE PRECEDING FIVE YEARS


          Indicate by check mark whether the Registrant has filed
all documents and reports required to be filed by Section 12, 13,
or 15(d) of the Securities Exchange Act of 1934 subsequent to the
distribution of securities under a plan confirmed by a Court.


Yes                                  No x   Not Applicable


             APPLICABLE ONLY TO CORPORATE REGISTRANTS


          At November 30, 1995 there were an aggregate of
6,795,101 shares of Common Stock and Class A Common Stock of the
Registrant outstanding.



<PAGE>

                           TABLE OF CONTENTS

          ITEM                                           PAGE

PART I

          1.   Business                                    5

          2.   Property                                    9

          3.   Legal Proceedings                           9

          4.   Submission of Matters to a Vote of
               Security Holders                            9

PART II

          5.   Market for Registrant's Common Stock
               and Related Shareholder Matters            10

          6.   Selected Financial Data                    11

          7.   Management's Discussion and
               Analysis of Financial Condition
               and Results of Operations                  12

          8.   Financial Statements and 
               Supplementary Data                         14

          9.   Disagreements On Accounting
               and Financial Disclosure                   15

PART III

          10.  Directors and Executive Officers
               of the Registrant                          15

          11.  Management Remuneration                    18

          12.  Security Ownership of Certain
               Beneficial Owners and Management           18

          13.  Certain Relationships and Related
               Transactions                               22

PART IV

          14.  Exhibits, Financial Statements,
               Schedules and Reports on Form 8-K          23


<PAGE>

                              PART I


Item 1.  Description of Business


          (a)  General Development of Business

          CCA INDUSTRIES, INC. (the "Company") was incorporated in
Delaware on March 25, 1983 under the name CATHETER CORPORATION OF
AMERICA.  The Company discontinued the manufacture of thermal
dilution catheters in June 1984 and under new management
re-directed the Company's activities into the health and beauty
aids industry.

          (b)  The Registrant operates in one industry segment.

          (c)  Narrative Description of Business.

          The Company is currently engaged in the health and
beauty aids business with a line of Health and Beauty Aids
products which it has manufactured on its behalf under its
formulations.  The Company has registered trademarks on all of its
brand name products.  The Company's products are sold under each
product's individual brand name.  The nail treatment products are
sold under the name "Nutra Nail," the hair treatment products are
sold under the name "Pro Perm" and "Wash 'n Curl," "Wash n Tint"
and "Wash 'n Straight," and the depilatory products are sold under
the "Hair Off" label.  Skin care products are sold under the
"Sudden Change" name and oral hygiene products are sold under the
"Plus+White" mark.  The meal replacement products are sold under
the trademarks "EAT 'n LOSE," diet products under the marks
"Hungrex" and "Permathene".  Some of the Company's products are
sold under exclusive license agreements.

          All of the licensed products together with the Company's
non-licensed products are currently being sold to the major drug
and food chains, mass merchandisers and wholesale beauty aid
distributors throughout the country and Canada.  Foreign sales
accounted for approximately 4.7% of sales.

Manufacturing and Shipping

          The Company does not manufacture any of its own
products, other than its hot wax depilatory.  In most cases, it
creates its own formulations, chooses colors and mixtures and
arranges with independent sub-contractors to manufacture its
products to its specifications.  The Company has arrangements with
various suppliers for each of its products.  The Company ships
substantially all of its products from its own warehouse
facilities instead of utilizing independent warehouses for storage
and shipping.  The Company believes that it has greater control of
its inventory and more efficient shipping procedures from its own
facilities.

<PAGE>
Marketing

          The Company markets its products through its own sales
force and independent sales representatives throughout the United
States.  The primary focus of its sales efforts are to the major
retail drug, food and mass merchandise chains plus leading
wholesalers.

          The Company sells its products to approximately 600
accounts most of whom have numerous outlets.  The Company
estimates that at least one of its brands are sold in
approximately 40,000 outlets.  Most of the aforementioned accounts
have numerous retail outlets or service numerous retail outlets.
Approximately 90% of its sales during fiscal 1993 were to major
retail drug and food chains and mass merchandisers.  During the
fiscal year ended November 30, 1995 no single customer accounted
for more than 5% of the Company's total sales other than the four
largest accounts, each of whom accounted for approximately 22.1%,
7.1% and 6.7% and 5.4% respectively of the Company's sales.  These
four accounts combined, accounted for over 41% of the Company's
sales.  If one of these customers was lost, the impact could
materially effect the Company's earnings.

          The Company does not consider its products to be
dependent upon any one season, nevertheless certain products are
sensitive to seasonal trends.  Depilatories and diet aids
customarily sell considerably stronger in the spring and summer.

          The Company has its own in-house advertising agency that
places its own media, via media service companies and includes an
in-house art department that creates point-of-purchase displays,
sales brochures and packaging layouts.  The actual manufacture of
point-of-purchase displays and blister cards is done by contract
suppliers.

License Agreements

          On March 3, 1986, the Company entered into a License
Agreement with Alleghany Pharmacal Corporation under the terms of
which the Company was granted the exclusive right to use the
license products and trademarks for the manufacture and distri-
bution of the products subject to the license.

          The Company is required to pay a 6% royalty on net sales
but no less than $360,000 per annum in order to maintain its
license.  After the sum of $9,000,000 in royalties has been paid
to Alleghany, the royalty is reduced to 1% of net sales per annum. 
As at November 30, 1995, the Company had paid or accrued
$4,434,510 in royalty payments under the License Agreement.  The
Company is not required to pay the license fee unless it wishes to
maintain its license.  Brand names under this license includes
"Nutra Nail," "Pro Perm," "Hair Off," "Permathene", "Hungrex Plus"
and "IPR 3."  The Company also pays 1% royalty on sales of "Nutra
60" Nail Enamel" and the "Hair-Off Mitten".  The Licensee products
accounted for approximately 34% of sales in fiscal 1995.

<PAGE>
          The Company has entered into various other License
Agreements, none of which materially affect the Company's sales or
financial results.

Advertising

          The Company primarily utilizes television (national
network and local spots) to advertise its leading brands.  On
certain occasions it will also utilize print and radio when it
deems such use expedient.  In addition, cooperative and
promotional advertising with its customers are continuously used
to supplement its overall advertising campaigns.

          Each of its brand products is targeted to a particular
demographic segment of the consumer market, and the Company's
advertising campaign is directed to that market.

          The Company has its own in-house advertising staff that
is responsible for the placement of its advertising either
directly or through media service companies as well as the
creation and design of all products packaging and displays.

Trademarks and Patents

          The Company has numerous trademarks in the health and
beauty aids field.  The Company has sought to protect its pro-
prietary interest in its products by applying and obtaining
trademarks and tradenames on the products that it sells both
domestically and internationally.

          The Company uses the trademarks and tradenames to
protect their products' individual identification and considers
these marks as valuable assets.

          There is no assurance that because a trademark or patent
has been issued it is necessarily enforceable.  Nor can there be
any assurance that the Company will derive substantial competitive
advantages therefrom.  Further, there can be no assurance that
competitors will not develop similar products outside the
trademark protection of any trademark the Company has or may
obtain.

Competition

          The cosmetic, health and beauty aids, fragrances and
patent medicines industries are characterized by vigorous
competition between companies having substantially greater
financial, technological and marketing resources than the Company. 
Most of these concerns have a long history and greater public
recognition of their products.  Competitors include major
companies such as REVLON, L'OREAL, COLGATE, DEL LABORATORIES,
INC., UNILEVER CORP., and PROCTER & GAMBLE.  In addition, the
Company's products compete with a large number of smaller
manufacturers and distributors of similar products which may also
have greater resources than the Company.


<PAGE>

New Products

          The Company intends to add new products throughout the
year by extending its various product lines to increase the number
of SKUs available for distribution.


Government Regulation

          On September 9, 1991 the Food & Drug Administration
("FDA") issued a "Warning Letter" to competitors marketing
products similar to "Plus+White," the Company's teeth whitener
product, stating that it is the FDA's opinion that utilization of
Hydrogen Peroxide as an ingredient for the whitening of teeth are
drugs and require a new drug application before they may be
marketed as over-the-counter drugs.  Plus+White utilizes Hydrogen
Peroxide in its formulation.  The Company disagreed with the
aforesaid classification by the FDA and met with the FDA on this
matter, although it was not served.  It is the Company's
contention that Plus+White is a cosmetic, and as a cosmetic, does
not need FDA approval prior to marketing.

          The Company retained three leading University Oral
Health Research Institutes to pass upon the safety of its product,
all of whom have reported their results to the effect that the
utilization of Hydrogen Peroxide as an ingredient to make teeth
whiter does not cause any safety problems when used as directed. 
These reports were presented to the FDA.

          The Company has alternatively made an application that
its product be included in a new oral health care monograph, to be
convened by the FDA shortly, to discuss the safety and efficacy of
over the counter drugs for oral health care.  To date, the FDA has
not commented on its application.

          In July 1992 the FDA withdrew its Warning Letters to the
Industry and advised retailers that they may continue to sell the
hydrogen peroxide tooth whiteners.  They reserved the right to
reconsider their position.

          The Company has no indication of what affect the FDA's
original position and the publicity that resulted from their
initial determination may have on the future sale of Plus+White
hydrogen peroxide gel.

          Some of the products which the Company may develop in
the future may be subject to regulation by the Food and Drug
Administration, the Federal Trade Commission, and the Alcohol,
Firearms and Tobacco Tax Unit of the United States Treasury
Department and/or various state and local regulatory and
administrative agencies.  The Company will attempt to obtain all
approvals or licenses as may be necessary, but there can be no
assurance that such approvals, as may be necessary, will be
obtained.  Delays caused by the need for such license or approval 

<PAGE>

since some of the products which the Company expects to develop
may have certain dates assigned to them prescribing the date by
which they must be consumed or the failure to obtain them could
have a material adverse effect on the Company's planned
operations.

Item 2.  Property

          The principle executive offices of the Company are
located at 200 Murray Hill Parkway, East Rutherford, New Jersey,
where the Company leases approximately 55,000 square feet of space
consisting of 15,000 feet of office space and approximately 40,000
feet of warehouse space under a net lease at an annual rate of
$259,284.  The lease expires on March 31, 2001.  On September 22,
1995 the Company leased an additional 30,000 square feet of
warehouse space in Paterson, New Jersey on a net lease basis at a
rental of $6,875.00 per month.  The lease expires on September 30,
1997.  


Employees

          As at November 30, 1995, the Company had 124 employees
consisting of DAVID EDELL, President and Chief Executive Officer;
IRA W. BERMAN, Chairman, Executive Vice President - Secretary;
STEVEN MANENTI, Vice-President Sales; JOHN BINGMAN, Financial
Vice-President; DUNNAN EDELL, Vice-President Marketing; 
DREW EDELL, Vice-President Manufacturing; DAVID POST, Shipping;
and 117 other sales, administrative, creative, accounting,
receiving and warehouse personnel.  


Item 3.  Legal Proceedings

          The Registrant is not engaged in any material litigation
but is involved in various legal proceedings in the ordinary
course of its business activities.


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

          On June 10, 1995, the Company held its annual meeting of
shareholders.  At the meeting David Edell, Ira W. Berman and Jack
Polak were elected as directors by the holders of Class A Common
Stock and, as proposed by the Board, Sidney Dworkin, Irwin
Gedinsky and Dunnan Edell (4,935,912 'for,' 59,700 'against') were
elected by the holders of Common Stock.  Also, the Board's
appointment of Sheft Kahn & Company LLP as the Company's
independent certified public accountants for the fiscal year ended
November 30, 1995 was approved (4,915,066 'for,' 43,605
'against').

          The annual meeting for the fiscal year ended November
30, 1995 will be held in June 1996.


<PAGE>

                              PART II


Item 5.  Market for the Registrant's Common
         Stock and Related Shareholder Matters


          (a)  Principal Market and Sales Prices of Common Stock.

          The Registrant's Common Stock is traded on NASDAQ.  The
published market value of the Common Stock of the Registrant as
reported by the National Quotation Bureau was $1.50 high bid and
$1-7/16 low as at November 30, 1995.

          (b)  Approximate Number of Common Stock security
holders.



                                   NUMBER OF RECORD HOLDERS AS OF
TITLE OF CLASS                             November 30, 1995      

Common Stock,                          Approximately 350 (i)
par value $.01 per share

Class A Common Stock                           7
par value $.01 per share



          (i)  There are a substantial number of shares held of
record in various street and depository trust accounts which
represent a number of additional shareholders (approximately
1000).

          (c)  Frequency and amount of dividends.

          No dividends have been paid on the Common Stock since
the inception of the Company.


<PAGE>

 
<TABLE>                     
Item 6.  SELECTED FINANCIAL DATA

<CAPTION>
                                                                           Year Ended November 30,
                                                            1995             1994         1993            1992              1991   
<S>                                               <C>                   <C>              <C>           <C>             <C> 
Statement of Income          
  Sales                                            $36,849,803           $47,311,591      $43,973,633  $27,064,480      $26,605,018
  Other income                                         316,927               357,080          367,248      297,105          160,218

                                                    37,166,730            47,668,671       44,340,881   27,361,585       26,765,236

Costs and Expenses                                  39,397,255            42,956,794       40,020,477   25,327,550       25,318,810

Income (Loss) Before Provision for 
  Income Taxes                                  (    2,230,524)            4,711,877        4,320,404    2,034,035        1,446,426

Income (Loss) Before Extraordinary Item         (    2,230,524)            2,815,926        2,605,818    1,210,490          884,263

Net Income (Loss)                               (    1,566,568)            2,815,926        2,605,818    1,210,490          884,263

Earnings Per Share:
  Net Income (Loss)                             ($         .23)          $       .35        $     .32   $      .15       $      .12

Weighted Average Number of Shares
  Outstanding                                        6,794,368             8,116,489        8,033,460    8,022,553        7,473,072

</TABLE>
<TABLE>
Balance Sheet Data:
<CAPTION>
                                           As At November 30,
                                                            1995             1994         1993            1992              1991   
<S>                                               <C>                   <C>              <C>           <C>             <C> 

Working Capital                                    $ 7,815,761           $  7,600,824     $ 5,424,524   $  5,938,322    $  5,796,225
Total Assets                                        17,744,086             20,053,893      18,218,629     12,597,015      10,541,521
Total Liabilities                                    7,176,503              8,293,534       9,127,235      5,850,567       5,010,563
Total Stockholders' Equity                          10,456,516             11,760,359       9,091,394      6,746,448       5,530,958
</TABLE>                                     
                                      -11-
<PAGE>

Item 7.  Management's Discussion and Analysis of
         Financial Condition and Results of Operations


General

          On March 3, 1986, the Company entered into a License
Agreement with Alleghany Pharmacal Corporation under the terms of
which the Company was granted the exclusive right to use the
licensed products and trademarks for the manufacture and
distribution of the products subject to the License Agreement. 
Under the terms of the Agreement, when $9 Million in royalties has
been paid to the Licensor, the royalty is reduced to 1% of net
sales.  As at November 30, 1995, the Company had paid and/or
accrued $4,434,510 in royalties against the $9 Million.  As at
November 30, 1995 there was $4,565,490 remaining to be applied
against the $9 million.  (See "Business of the Company-License
Agreements").

Comparison of Results for Fiscal Year 1995 as Compared to Fiscal
Year 1994

          The Company's sales for fiscal 1995 decreased from
$47,311,591 to $37,166,730.  The decrease was due primarily to a
fall off of some of the Company's shampoo line.

          Gross margins for the year were 62% compared to 64%  for
the prior year.  Advertising, cooperative and promotional expenses
were $13,332,216, 36% of sales, as compared to $13,428,116, 28% of
sales for the prior year.

          Selling, General and Administrative Expenses were
$11,253,543, 31% of sales, as compared to $11,817,462, 25% of
sales for the prior year.

Comparison of Results for Fiscal Year 1994 as compared to Fiscal
Year 93 

          The Company's sales for fiscal 1994 increased from
$43,973,633 to $47,311,591.  The increase was due principally from
the increase in sales of the Company's overall product lines.

          Gross margins for the year were 64% compared to 62% from
the prior year.  Advertising, cooperative and promotional expenses
were $13,428,116, 28% of sales, as compared to $11,638,793, 26% of
sales for the prior year.

          Selling, General and Administrative Expenses were
$11,817,462, 25% of sales, as compared to $10,885,266, 25% for the
prior year.

Liquidity and Capital Resources

          As at November 30, 1995, the Company had working capital

<PAGE>

of $7,815,761 as compared to $7,600,824 for the prior year.  Its
total current assets to current liability ratio is 2.09 to 1, as
compared to a ratio of 1.96 to 1 for the prior year. 
Stockholders' equity decreased to $10,456,516 from $11,760,359 as
a result of a loss from operations.  The loss from operations also
caused a decrease in the Company's cash position ($362,638) as did
the purchase of various assets and securities ($528,150) and the
net paydown of debt ($258,191).  The Company, however, was able to
easily cover these cash drains by liquidating some of their
"Available for Sale" securities ($1,353,894) and issuing some new
stock ($6,530).

The management believes that the Company's loss from operations
should be temporary.  The Company's biggest cash drain was its
advertising budget which was committed at the beginning of the
year predicated on sales of 45 - 50 million.  Since the Company
was unable to achieve the expected sales, a loss from operations
resulted.  As part of the registrant's business it is necessary to
enter into co-operative advertising agreements and other
promotional activities with its accounts, especially upon the
introduction of a new product.  Both co-op advertising and
promotions have a material effect on the Company's operations.  If
the advertising and promotions are successful, revenues will be
increased accordingly.  Should the co-op and promotions not be
successful, it will have a negative impact on the Company's
promotional cost per sale, and have a negative effect on income. 
The Company intends to anticipate its advertising and promotional
commitments as a percent of gross sales and keep its commitments
for advertising more flexible in 1996 and more in proportion to
the realized sales.  The Company's accounts receivable turnover
and its reinvestment into new equipment should stay at about the
same level; so the Company believes that its current financial
condition will support its short-term and long-term needs for
capital.

          The Company has a Term Note from a banking institution
in the amount of $399,067, at November 30, 1995 which will
liquidate, payable in March 1996 and a line of credit at prime
(minus one) of $3 million.  As at year end, the Company was not
utilizing any of its available line of credit.  The Company has
issued a Security Agreement in connection with the bank financing.

Backlog, Impact of Inflation, Seasonality

          The Company attempts to keep its inventory at a level
where it is able to ship against all orders on each individual
product within a three week period.  To some extent, however,
certain components must be inventoried well in advance of actual
orders because of the time necessary to obtain the component.  For
the most part, purchases are based upon projected quarterly
requirements after calculating the anticipated sales indications
from the sales and marketing departments.  All of the Company's
products and components are purchased from outside non -
affiliated entities.  Shipping and warehousing is provided at the
Company's warehouse for all beauty aid products.

<PAGE>

          The Company does not believe that any of its products
are seasonal in nature other than its depilatory and diet brands
which are more active during the Spring and Summer seasons.  The
Company does not have a product which can be identified as a
"Christmas" item.

          Because its products are sold to retail stores
throughout the United States and, to a lesser extent, abroad, the
Company is affected by general economic conditions.  Accordingly,
any adverse change in the economic climate may have an adverse
impact on the Company's sales and financial condition.  The
Company does not believe that inflation and changing prices will
have a material impact on its net sales and revenues if it is able
to pass along to its customers any increases in costs resulting
from inflation.  In the event the Company cannot pass along
increased costs to its customers, inflation could have an adverse
effect upon sales and revenues.  


Item 8.  Financial Statements and Supplementary Data


          The Financial Statements are listed under Item 14 in
this Form 10-K.  Selected quarterly financial data is set forth
below.


          The following is a summary of the quarterly results
(unaudited) of operations for the years ended November 30, 1995
and 1994: 

<TABLE>
                         Three Months Ended


<CAPTION>

                  Feb. 28       May 31       Aug.31       Nov.30
Fiscal 1995

<S>              <C>          <C>          <C>          <C>
Net Sales        $ 9,442,194  $10,936,213  $ 9,023,458  $ 7,447,938

Total revenue      9,534,235   11,005,479    9,126,706    7,500,311

Costs of                                                   
products sold      3,713,318    3,962,589    3,993,808    2,501,315 

Net income (loss)  (182,582)      260,579    (489,395)   (1,155,170)

Net income (loss)
per common share       (.03)         .03         (.07)        (.17)

</TABLE>
<PAGE>

<TABLE>
<CAPTION>

                              Three Months Ended

                  Feb. 28       May 31       Aug.31       Nov.30
Fiscal 1994
<S>              <C>          <C>          <C>          <C> 
Net Sales        $12,034,803  $13,170,634  $11,146,324  $10,959,830

Total revenue     12,110,599   13,252,334   11,239,563   11,066,175

Costs of                                                  
products sold     4,357,051     4,615,274    4,239,718    3,672,499 

Net income          774,160       893,678      502,874      645,214

Net income per
 common share           .10          .11          .06          .08

</TABLE>

Item 9.  Disagreements on Accounting and Financial Disclosure

          The Registrant has not changed its accountants within
the twenty-four months prior to the date of the most recent
financial statements.  There was no reported disagreement on any
matter of accounting principles or practices followed by the
Registrant.



                             PART III


Item 10.  Directors and Executive
          Officers Of The Registrant


          The Executive Officers and Directors of the Company are
as follows:
                                                 DATE OF FIRST
NAME                   POSITION                 COMPANY SERVICE

David Edell            President and Chief
                       Executive Officer,              1983
                       Director

Ira W. Berman          Chairman of the Board
                       of Directors, Secretary,
                       Executive Vice-President        1983

Steven Manenti         Senior Executive Vice - 
                       President - Sales               1995

Dunnan Edell           Executive Vice-President
                       Marketing                       1984 


<PAGE>

Drew Edell             Vice-President 
                       Manufacturing and
                       New Product Development         1983

Jack Polak             Director                        1983

Sidney Dworkin         Director                        1985

Irwin Gedinsky         Director                        1991

John Bingman           Treasurer                       1986


          DAVID EDELL, age 63, graduated from Syracuse University
in 1954 with a degree in Liberal Arts, (prior to joining the
Company) was an independent Marketing and Financial Consultant
specializing in the health and beauty aids industry.  MR. EDELL
has had extensive experience in the health and beauty aids field,
having been the executive director and officer of HAZEL BISHOP,
INC., LANOLIN PLUS and other privately owned consumer product
companies.

          IRA W. BERMAN, ESQ., AGE 64, has been engaged in the
practice of law since 1955 and was the senior partner of the New
York City law firm, BERMAN & MURRAY until December, 1995.  Mr.
BERMAN received his Bachelor of Arts Degree (1953) and Bachelor of
Laws Degree (1955) from CORNELL UNIVERSITY.  He is a member of the
AMERICAN BAR ASSOCIATION.  Since June, 1995 MR. BERMAN devotes all
of his time on behalf of the Company.

          STEVEN MANENTI, age 62, graduated with an MBA from
Bernard Baruch College in 1956.  Mr. Manenti was the President of
Faberge, Ltd. from 1984-1987, and Eclipe Laboratories, Inc. from
1987-1989.  From 1990-1992 he was the Executive Vice President of
Pavion, Ltd. and from 1992 until he joined CCA in December, 1995
he was Executive Vice President and General Manager of Mana
Products, Inc.  

          JACK POLAK, age 83, was an investment counselor and
Vice-President of EQUITY INTEREST, INC., a registered investment
advisor in New York, from 1955 to 1982.  From 1982 until September
1, 1988 MR. POLAK was an investment consultant and consultant to
EQUITY INTEREST, INC.  Since April 1983 MR. POLAK has served as a
director of NEW YORK OFFICES, INC., CHICAGO OFFICES, INC., and
ATLANTA OFFICES, INC., private companies engaged in subleasing
offices and providing office services.  MR. POLAK was been a
director of PETROMINERALS CORPORATION, an oil producing and oil
service company of Tustin, California, from 1980 to 1995.  In 1983
MR. POLAK became a director of CONVERGANT SOLUTIONS, INC., a
company engaged in the sale and distribution of computer software
programs.  MR. POLAK holds a tax consultants certification from
the Netherlands.

<PAGE>


          SIDNEY DWORKIN, AGE 75, Chairman of the Board of
Directors of General Computer Corp., became a director of the
Registrant in December 1985.  He was one of the founders, and
since 1966 had been the President and Chairman of the Board of
REVCO D.S.,INC., one of the largest drug chains in the United
States.  Mr. Dworkin terminated his association with Revco in
September 1987.  MR. DWORKIN is a certified public accountant and
a graduate of WAYNE STATE UNIVERSITY.  He is also a Director of
CLEVELAND PLAYHOUSE ADVISORY BOARD, NORTHERN TECHNOLOGIES, INC.,
GENERAL COMPUTER CORP. and Chairman of the Board of Directors of
COMTREX SYSTEMS, INC.  He was former Chairman of the NATIONAL
ASSOCIATION OF CHAIN DRUG STORES.

          IRWIN M. GEDINSKY, age 60, joined Richard A. Eisner &
Company, a public accounting firm in New York City in July 1993. 
Prior thereto, he was a partner of J.H. Cohn, a public accounting
firm in Roseland, New Jersey, having joined that firm in October
1989.  From 1956 to October 1989 he was a partner in the public
accounting firm of Granet & Granet.  Mr. Gedinsky is a certified
public accountant, a member of numerous accounting societies, a
lecturer on taxation and a member of the Board of Directors of
Ronson Corp.

          DUNNAN EDELL, age 40, is the son of DAVID EDELL,
President of the Company.  DUNNAN EDELL is a graduate of GEORGE
WASHINGTON UNIVERSITY  He joined the Company in 1984 as a
Vice-President in Charge of Sales.  In March 1986 he was appointed
a Divisional Vice-President.  Prior to joining the Company he was
employed in a selling capacity with ALLEGHANY PHARMACAL CORP.,
from 1982 to 1984, and in a sales capacity with HAZEL BISHOP from
1977 to 1981.

          DREW EDELL, age 38, Vice President, is the son of DAVID
EDELL, President of the Company.  DREW EDELL is a graduate of
PRATT INSTITUTE where he received his Degree in Industrial Design. 
He has been associated with the Company since 1983 in Product
Development and Production.  In March 1985 he was appointed a
Divisional Vice-President.

          JOHN BINGMAN, age 44, received his Bachelor of Science
degree from Farleigh Dickenson University in 1973.  He is a
Certified Public Accountant in New Jersey, having worked for
Zarrow, Zarrow & Klein, CPA's for 10 years prior to joining the
Company in 1986.

          Information relating to directors of the Registrant and
compliance with Section 16(a) of the Exchange Act will be
contained in a definitive Proxy Statement involving the election
of directors which the Registrant will file with the Securities
and Exchange Commission pursuant to Regulation 14A under the
Securities Exchange Act of 1934 not later than 120 days after
November 30, 1995, and such information is incorporated herein by
reference.

<PAGE>

Item 11.  Management Remuneration

          The aggregate annual remuneration of all officers and
directors of the Company (9 persons) for the fiscal year ended
November 30, 1995 was $1,297,714.  DAVID EDELL, President and IRA
W. BERMAN, Executive Vice President - Secretary, received $452,228
and $452,228, respectively, pursuant to contracts which on October
29, 1992, were extended to 1999 and amended in November 1993.  Mr.
Berman's remuneration includes legal fees paid to his law firm,
Berman & Murray.  

          The Company has a Group Medical Insurance Plan for all
of its employees.

          The Company purchased $1 Million life insurance policies
on Messrs. Edell and Berman, the Company being the beneficiary to
the extent of $500,000 and the other $500,000 at the discretion of
the insured.

          The information required for this Item 11 is
incorporated by reference to the Company's definitive proxy
statement to be filed with the Commission pursuant to regulation
14A within 120 days from the date of this report on Form 10-K.


Item 12.  Security Ownership of Certain
          Beneficial Owners And Management


          The following table sets forth, as of March 1, 1996, the
ownership of the Company's Common Shares and Class A Common Stock
combined by each person who owned beneficially more than 5% of its
outstanding shares.  It also sets forth the present holdings of
such shares by all Officers and Directors of the Company and all
Officers and Directors as a group.

                         Amount of Beneficial
                         Ownership of Common          % of Stock
Name and Address         Stock/Class A Common Stock   Outstanding


DAVID EDELL              657,915 (1)(2)(3)(4)(5)(7)      9.68
200 Murray Hill 
Parkway
East Rutherford, NJ

IRA W. BERMAN            642,915 (1)(2)(3)(4)(5)(6)      9.46
62 The Intervale
Roslyn Estates, NY

Norman H. Pessin           382,500                       5.63
c/o Neuberger & Berman
605 Third Avenue
New York, New York

<PAGE>
                         Amount of Beneficial
                         Ownership of Common          % of Stock
Name and Address         Stock/Class A Common Stock   Outstanding

Officers and
Directors as a           1,539,830                      22.66
Group (9) 

                      

(1)  The directors and officers of the Company (9 persons) own
22.66% of the outstanding capital stock of the Company.  Messrs.
Edell, Berman and Polak converted all of their shares into Class A
Common Stock in December 1988.

(2)  On January 10, 1985 David Edell and Ira W. Berman were
granted incentive stock options to purchase 200,000 shares of the
Company's common stock at $.44 per share.  

     On February 12, 1986 David Edell and Ira W. Berman were
granted Incentive Stock Options to purchase 98,765 shares of the
Company's Common Stock at $l.80 per share and 101,235
Non-Qualified Stock Options at $l.38 per share.  These Options
were due to expire on February 12, 1991.

(3)  On February 27, 1987 Messrs. Edell and Berman were each
granted Incentive Stock Options respectively to purchase 200,000
shares of the Company's Common Stock at $2.50 per share.  These
options were due to expire on January 10, 1996.

(4)  On May 20, 1987 Messrs. Edell, Berman and Jack Polak, a
director, exercised their options and purchased 200,000, 200,000
and 100,000 shares respectively by tendering to the Company
35,200, 35,200 and 16,000 shares respectively of the Company's
Common Stock.  A permanent legend was placed on the shares
received upon the exercise of the options restricting the sale of
the shares to the public unless the Company reported a profit for
the prior quarter. 

     On December 10, 1987 the Board of Directors voted to cancel
the options issued to Messrs. Edell and Berman on February 12,
1986 and February 27, 1987 and in their place issued to each of
them options to purchase 185,000 shares of the Company's Common
Stock exercisable at $.50 per share.  The Options expire on
December 9, 1997.

(5)  On January 21, 1988 the Board of Directors authorized the 
issuance of 185,000 Employee Stock Options to Messrs. Edell and
Berman at $.50 per share and expire on December 31, 1997 and
30,000 Non-Qualified Stock Options at $.50 per share.  The Options
expire on December 9, 1997.  In addition, the Board of Directors
voted 25,000 options to Messrs. Polak, Erenstein (subsequently
cancelled) and Young, and cancelled the Stock Option issued to
Sidney Dworkin on December 16, 1985 and issued a new Stock Option
for 100,000 shares exercisable at $.50 per share which options

<PAGE>

expire on December 9, 1997.

     On December 13, 1988 David Edell, Ira W. Berman and Jack
Polak converted their Common Stock into Class A Common Stock
pursuant to the Amendment to the Certificate of Incorporation
dated November 7, 1988.  As a result of their conversion, Messrs.
Edell, Berman and Polak are in a position to vote four members to
the Board of Directors of the Company, thus giving them effective
control of the Company.

     On January 10, 1990 the Board of Directors authorized the
issuance of 100,000 Stock Options to Messrs. Edell and Berman at
$1.50 per share.  The Options expire on December 31, 1999.

     On March 14, 1990, the Board of Directors authorized the
issuance of 100,000 Employee Stock Options to Messrs. Edell and
Berman at $.75 per share.  These options expire on December 31,
1999.

     On March 27, 1992 the exercise price of the options issued on
January 10, 1990 and the options issued on March 14, 1990 were
reduced to $.625 per share.

(6)  Mr. Berman gifted each of his three grandchildren 5,000
shares of Class A Common Stock in December 1992 and 3,000 shares
each in 1993.  Mr. Berman disclaims any beneficial interest in the
aforesaid shares.

(7)  In December 1993 Mr. Edell gifted 1,250 shares of stock to
each of his two sons, Dunnan and Drew Edell.  Mr. Edell disclaims
any beneficial interest in the aforesaid shares.

(8)  On January 10, 1996 David Edell and Ira W. Berman exercised
their stock options and purchased 100,000 shares of the Company's
common stock respectively at $.50 per share.  Messrs. Polak and
Dworkin, Directors of the Company each exercised their options and
purchased 25,000 and 50,000 shares of common stock respectively at
$.50 per share.  Dunnan Edell, Vice President and Director
exercised his options and purchased 48,600 shares of common stock
at $.40 per share, and Drew Edell, Vice President exercised his
options and purchased 25,000 shares of common stock at $.40 per
share.  All of the options, other than Mr. Polak's, were purchased
for 50% cash and the balance with a full recourse Promissory Note
payable on November 30, 1996.  Other than Mr. Polak's, the Notes
are collateralized with the stock certificates.  Mr. Polak paid
for his shares in full.   

Stock Option Plans

          On July 10, 1984, the Company's Board of Directors
authorized the adoption of the Company's 1984 Stock Option Plan
covering 1,500,000 shares of its Common Stock. The Plan was
approved by the shareholders on November 15, 1984.

          On February 12, 1986, the Board of Directors authorized

<PAGE>

the adoption of the Company's 1986 Stock Option Plan covering
1,500,000 shares of its Common Stock.  The Plan was approved by
shareholders at the  Annual Meeting.

          The Option Plan provides for the granting of two (2)
types of options:  "Incentive Stock Options" and "Non-Qualified
Stock Options".  The Incentive Stock Options (but not the Non-
Qualified Stock Options) are intended to qualify as "Incentive
Stock Options" as defined in Section 422a of the Code. The Plan is
not qualified under Section 401(a) of the Code nor is it subject
to the provisions of the Employee Retirement Income Security Act
of 1974.

          Options may be granted under the Option Plan to
employees (including officers and directors who are also
employees) and consultants of the Company, provided, however, that
Incentive Stock Options may not be granted to any non-employee
director or consultant.

          The Option Plan is administered and interpreted by the
Board of Directors.  Under the Option Plan the Board has the
power, subject to the provisions of the Plan to determine the
persons to whom and the dates on which the options will be
granted, the number of shares to be subject to each option, the
time or times during the term of each and the other terms of the
options.  The Board has the power to delegate administration of
the Plan to a Committee of not less than two (2) Board members,
each of whom must be disinterested within the meaning of Rule
16b-3 under the Exchange Act and ineligible to participate in the
Plan or in any other stock purchase, option or appreciation right
plan of the Company or any of its affiliates.  Members of the
Board receive no compensation for their services in connection
with the administration of the Option Plan.

          The maximum term of each option is ten (10) years.  No
option granted under the Option Plan is transferable by the
Optionee other than upon death.

          Under the Option Plan an option will terminate three (3)
months after the optionee ceases to be employed by the 
Company or a parent or subsidiary of the Company unless (i) the
termination of employment is due to such person's permanent and
total disability, in which case the option may, but need not,
provide that it may be exercised at any time within one (1) year
of such termination (to the extent the option was vested at the
time of such termination); or (ii) the optionee dies while
employed by the Company or a parent or subsidiary of the Company
or within three (3) months after termination of such employment,
in which case the option may, but need not provide that it may be
exercised (to the extent the option was vested at the time of the
optionee's death) within eighteen (18) months of the optionee's
death by the person or persons to whom the rights under such
option pass by will or the laws of descent or distribution; or
(iii) the option by its terms specifically provides otherwise.


<PAGE>
          The exercise price of all non-qualified stock options
granted under the Option Plan must be at least equal to 85% of the
fair market value of the underlying stock on the date of grant. 
The exercise price of all Incentive Stock Options granted under
the Plan must be at least equal to the fair market value of the
underlying stock on the date of grant.  The aggregate fair market
value of stock of the Company (determined at the date of the
option grant) for which any employee may be granted Incentive
Stock Options in any calendar year may not exceed $100,000, plus
certain carryover allowances.  The exercise price of an Incentive
Stock Option granted to any participant who owns stock possessing
more than ten (10%) of the voting rights of the Company's
outstanding capital stock must be at least 110% of the fair market
value on the date of grant and the maximum term may not exceed
five (5) years.  The Option Plan permits the exercise of options
for cash, other property acceptable to the Board or pursuant to a
deferred payment arrangement.

          Consequences to the Company: There are no Federal income
tax consequences to the Company by reason of the grant or exercise
of an Incentive Stock Option.  To the extent the optionee
recognizes ordinary income by reason of a disposition of stock
acquired through exercise of an Incentive Stock Option, the
Company will be entitled (subject to the requirement of
reasonableness) to a corresponding business expense deduction in
the tax year in which the disposition occurs.  Otherwise, there
are no Federal Income tax consequences to the Company by reason of
the disposition of stock acquired through exercise of an Incentive
Stock Option.

          As at March 1, 1996, stock options to purchase 1,267,000
shares of the Company's Common Stock were granted by the Board of
Directors and are currently outstanding.


Item 13.  Certain Relationships and Related Transactions

          The Company was organized on March 25, 1983, as a
Delaware corporation with an authorized capital consisting of
10,000,000 Common shares, par value $.01 per share. Between March
25, 1983 and April 30, 1983, the Company sold and issued 2,700,843
shares of Common stock to a group of private investors.  On March
31, 1983, the Company sold and issued 30 units, each unit
consisting of 10,000 Common shares and a $10,000 Promissory Note. 
As a result of that private placement the Company issued an
aggregate of 300,000 Common shares.

          On September 22, 1983, the Company sold 2,000,000 units
at $1 per unit to the public, each unit consisting of one (1)
Common share and one (1) Common share Purchase Warrant to purchase
one-half fractional Common share.

          On June 1, 1984, the Company discontinued its
thermo-dilution catheter operation, disposed of its plant and
equipment and began to manufacture and distribute cosmetic

<PAGE>
products.  Its first products were shipped in November 1984.

          In December 1984 the Company's name was changed from
CATHETER CORPORATION OF AMERICA to CCA INDUSTRIES, INC., and its
Charter was amended to provide for the authorization of 20,000,000
shares of Common stock, par value $.01 per share.

          On November 7, 1988, the Company amended its Certificate
of Incorporation to provide for the authorization of 20,000,000
shares of stock, par value $.01 per share, consisting of
15,000,000 shares of common stock and 5,000,000 shares of Class A
common stock.  The shares are identical in all respects, and each
is entitled to one vote per share except that the common stock
holders are entitled to elect three members to the Board of
Directors, whereas the Class A common stock holders have the right
to elect four members to the Board of Directors.  The Class A
common stock shall be entitled to convert back into common stock
at any time.  On December 21, 1988, 1,490,030 shares were
converted to Class A Common Stock.  As of December 31, 1989, no
additional shares could be converted.

          The Company has retained the law firm of BERMAN &
MURRAY, as its General Counsel.  IRA W. BERMAN, a member of the
firm is the Chairman of the Board of Directors and Executive Vice
President - Secretary, and a principal shareholder of the Company. 
See "Management," "Principal Shareholders," and "Legal Matters."  

          The Company has an outstanding loan of $25,250 from its
Vice President in charge of Sales; which was made to aid him in
obtaining a first mortgage on his home.  This loan is secured by a
second mortgage and carries an interest rate of 1% over prime. 
Interest is payable semi-annually.  The Vice President is the son
of Mr. David Edell, the President of the Company. 

                              PART IV

Item 14.  Exhibits, Financial Statements,
          Schedules and Reports on Form 8-K

          A (1)Financial Statements:  Table of Contents,
Independent Auditors' Report, Consolidated Balance Sheets as of
November 30, 1995 and 1994, Consolidated Statements of Income for
the years ended November 30, 1995, 1994 and 1993, Consolidated
Statements of Shareholders' Equity, Consolidated Statements of
Cash Flows, Notes to Consolidated Financial Statements.  PP. I-1 -
I-10.

            (2)Financial Statement Schedules:

                 Schedule I          Marketable Securities, Other
                                     investments
                 Schedule V          Property, Plant and Equipment
                 Schedule VI         Accumulated Depreciation
                 Schedule VIII       Valuation Accounts
                 Schedule IX         Short-Term Borrowings

<PAGE>

                 Schedule X          Supplementary Income Statement
                                      Information

            (3) a.  Exhibits incorporated by reference to the
Registrant's Registration Statement and Prospectus dated September
22, 1983.

                b.  Exhibits incorporated by reference to the
Registrant's Registration Statement an Prospectus dated May 30, 1986.

                c.  Exhibit 11-Statement re: Per Share Earnings.

          B      No Form 8-K was filed during the last quarter of
1995.

          C      Articles of Incorporation and By-Laws incorporated
by reference to the Company's Registration Statement filed pursuant
to Rule 424(b) or (c) under the Securities Act.

          Shareholders may obtain a copy of any Exhibit not contained
herein by writing to CCA INDUSTRIES, INC. 200 Murray Hill Parkway,
East Rutherford, New Jersey 07073.


<PAGE>
PART IV, ITEM 14.A(3)c. (Continued)                                  EXHIBIT 11

<TABLE>
                   CCA INDUSTRIES, INC. AND SUBSIDIARIES

                     COMPUTATION OF EARNINGS PER SHARE

                               
                                                                      
<CAPTION>        
		                             Year Ended November 30,
                                                            
		                            1995          1994            1993             
Item 14.A(3)c.

<S>                                   <C>             <C>            <C>     
Primary:
 Average shares outstanding               6,794,368       6,777,241       6,688,939
 Net effect of dilutive stock
   options--based on the
   treasury stock method
   using average market
   price                                       *          1,339,248       1,344,521

                   TOTALS                 6,794,368       8,116,489       8,033,460

Net income (Loss)                       ($1,566,568)     $2,815,926      $2,605,818
    
Per share amount                              ($.23)           $.35            $.32

Fully Diluted:
 Average shares outstanding               6,794,368       6,777,241       6,688,939
 Net effect of dilutive stock
   options--based on the
   treasury stock method
   using higher of ending or
   average market price                        *               *          1,395,255

                   TOTALS                      *               *          8,084,194

Net income (Loss)                       ($1,566,568)     $2,815,926      $2,605,818

Per share amount                         $     *         $     *         $      .32

</TABLE>
* Anti-dilutive


                                   -24B-





<PAGE>

                            SIGNATURES

          Pursuant to the requirements of Section 13 or 15(A) of
the Securities Exchange Act of 1934, the Registrant has duly
caused this Annual Report to be signed on its behalf by the
undersigned thereunto duly authorized.


                          CCA INDUSTRIES, INC.


                    By:     David Edell              
                         DAVID EDELL, President


          Pursuant to the requirements of the Securities Exchange
Act of 1934, this Annual Report has been signed below by the
following persons in the capacities and on the dates indicated.


     Signature                 Title                     Date


   David Edell              President, Director, Chief
   DAVID EDELL              Executive Officer, and
                            Chief Financial Officer    February   , 1996


   Ira W. Berman            Chairman of the Board of 
   IRA W. BERMAN            Directors, Executive Vice
                            President, Secretary       February   , 1996


   Irwin Gedinsky           Director                   February   , 1996
   IRWIN GEDINSKY


   Jack Polak               Director                   February   , 1996
   JACK POLAK


   Sidney Dworkin           Director                   February   , 1996
   SIDNEY DWORKIN 

   Dunnan Edell             Director                   February   , 1996
   DUNNAN EDELL


<PAGE>

















                   CCA INDUSTRIES, INC. AND SUBSIDIARIES


                     CONSOLIDATED FINANCIAL STATEMENTS


                        NOVEMBER 30, 1995 AND 1994

<PAGE>

                                 

















                              C O N T E N T S



INDEPENDENT AUDITORS' REPORT ON FINANCIAL STATEMENTS . . . . .1

FINANCIAL STATEMENTS:

 CONSOLIDATED BALANCE SHEETS . . . . . . . . . . . . . . . .2-3

 CONSOLIDATED STATEMENTS OF INCOME (LOSS). . . . . . . . . . .4

 CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY . . . . . . .5

 CONSOLIDATED STATEMENTS OF CASH FLOWS . . . . . . . . . . . .6

 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS. . . . . . . . 7-20
<PAGE>




                       INDEPENDENT AUDITORS' REPORT


Board of Directors
CCA Industries, Inc.
East Rutherford, New Jersey

    We have audited the consolidated financial statements and related schedules
of CCA Industries, Inc. and Subsidiaries listed in Item 14(a)(1) and (2) of
the annual report on Form 10-K of CCA Industries, Inc. and Subsidiaries for
the years ended November 30, 1995, 1994 and 1993.  These financial
statements are the responsibility of management.  Our responsibility is to
express an opinion on these financial statements and related schedules
based on our audits.

     We conducted our audits in accordance with generally accepted auditing 
standards.  Those standards require that we plan and perform the audit to obtain
a reasonable assurance about whether the financial statements and related
schedules are free of material misstatement.  An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements and related schedules.  An audit also includes assessing the
accounting principles used and significant estimates made by management, as well
as evaluating the overall financial statement presentation.  We believe that our
audits provide a reasonable basis for our opinion.

     In our opinion, the financial statements referred to above present fairly,
in all material respects, the consolidated financial position of CCA Industries,
Inc. and Subsidiaries as of November 30, 1995 and 1994, and the consolidated
results of their operations and cash flows for the years ended November 30,1995,
1994 and 1993, in conformity with generally accepted accounting principles.

     In our opinion, the schedules referred to above present fairly, in all
material respects, in relation to the basic consolidated financial statements,
the information set forth therein in compliance with the applicable accounting
regulation of the Securities and Exchange Commission.




                              SHEFT KAHN & COMPANY LLP
                              CERTIFIED PUBLIC ACCOUNTANTS


February 1, 1996
Jericho, New York

                                    -1-
<PAGE>
<TABLE>
                   CCA INDUSTRIES, INC. AND SUBSIDIARIES

                        CONSOLIDATED BALANCE SHEETS

                                A S S E T S
<CAPTION>
                                                	November 30,
                                        	1995             1994    
                                                             
<S>					  <C>		<C>
Current Assets 
 Cash and cash equivalents      	$     312,150   $     100,705     
Short-term investments and marketable
   securities (Note 6)             	    2,539,037       1,612,819     
Accounts receivable, net of allowances of
    $904,953 and $979,796, respectively
   (Note 8)                         	    4,044,420       5,339,028     
Inventories (Notes 2, 3 and 8)      	    6,414,097       7,518,526     
Prepaid expenses and sundry receivables       329,935         285,367
Duefrom officers - Current                 	1,500          21,231     
Prepaid income taxes and refunds due  	      652,710          88,279     
Deferred income taxes (Note 9)       	      698,415         529,336     
   Total Current Assets            	   14,992,264      15,495,291     
Property and Equipment, net of accumulated
  depreciation and amortization 
   (Notes 2 and 4)                    	      713,125         683,015

Intangible Assets, net of accumulated 
 amortization (Note 5)                        128,538          85,967     
Other Assets
 Marketable securities (Note 6)     	    1,701,138       3,615,161     
Treasury bonds                         	       87,300          81,108
Due from officers - Non-current                25,250          25,250
     
Deferred income taxes (Note 9)         	       33,807          17,531
     
Other                                          62,664          50,570
       
   Total Other Assets     	            1,910,159       3,789,620     
   Total Assets                           $17,744,086     $20,053,893     

</TABLE>
See Notes to Consolidated Financial Statements.
                                    -2-
<PAGE>
                   CCA INDUSTRIES, INC. AND SUBSIDIARIES

                        CONSOLIDATED BALANCE SHEETS

<TABLE>
                   LIABILITIES AND SHAREHOLDERS' EQUITY

<CAPTION>
        	                                      November 30,         
                	                     1995            1994    

<S>                                              <C>	      <C>
Current Liabilities
 Notes payable - Current portion (Note 8)        $    298,078 $     288,000
Accounts payable and accrued 
   liabilities (Note 11)             		    6,878,425     7,600,113
Income taxes payable (Note 9)                          -              6,354     
   Total Current Liabilities         		    7,176,503     7,894,467 

Long-Term Debt (net of current portion)
 (Note 8)                             		      111,067       399,067  
Commitments and Contingencies
 (Note 13)

Shareholders' Equity
 Common stock, $.01 par; authorized
   15,000,000 shares; issued and
   outstanding 5,603,871 and 5,496,421
   shares, respectively                		       56,039        54,964   
Class A common stock, $.01 par; authorized
   5,000,000 shares; issued and outstanding
   1,191,230 and 1,293,030 shares,
   respectively                        		       11,912        12,930
Additional paid-in capital          		    4,282,008     4,275,535
Retained earnings                   		    6,101,229     7,667,797
Unrealized gains (losses) on marketable
   securities (Note 6)                  		5,328     ( 250,867)
   Total Shareholders' Equity      		   10,456,516    11,760,359

   Total Liabilities and Shareholders' Equity     $17,744,086   $20,053,893
</TABLE>
See Notes to Consolidated Financial Statements.
                                    -3-
<PAGE>
                   CCA INDUSTRIES, INC. AND SUBSIDIARIES

<TABLE>
                 CONSOLIDATED STATEMENTS OF INCOME (LOSS)

<CAPTION>
                                                  Year Ended November 30,         
		                         1995           1994          1993            
  
<S>				    <C>		  <C>		<C>
Revenues
 Sales of health and beauty    
     aid products, net  	    $36,849,803    $47,311,591  $43,973,633

 Other income               		316,928        357,080      367,248
 
	                             37,166,731     47,668,671   44,340,881

Costs and Expenses
 Cost of sales           	     14,171,030     16,884,542   16,791,552     
Selling, general and 
     administrative expenses         11,253,593     11,817,462   10,885,266
Advertising, cooperative and
   promotions            	     13,332,216     13,428,116   11,628,793
Research and development    	        496,716        593,556      441,435
Provision for doubtful accounts          87,697        156,649      191,770
Interest expense             		 56,003         76,469       81,661

	                             39,397,255     42,956,794   40,020,477
   Income (Loss) before Provision
     for Income Taxes		  (   2,230,524)     4,711,877    4,320,404

Provision for Income Tax 
 (Benefit)          		  (     663,956)     1,895,951    1,714,586

   Net Income (Loss)              ($  1,566,568)   $ 2,815,926 $  2,605,818

Weighted Average Shares
 Outstanding              	      6,794,368      8,116,489    8,033,460
Income Per Common Share
 (Note 2):
      Net Income (Loss)      		 ($ .23)          $.35         $.32 

</TABLE>
See Notes to Consolidated Financial Statements.

                                    -4-
<PAGE>
                   CCA INDUSTRIES, INC. AND SUBSIDIARIES

<TABLE>
              CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

        FOR THE PERIODS DECEMBER 1, 1992 THROUGH NOVEMBER 30, 1995
<CAPTION>

                                                                                        
											Unrealized   
                                                            Additional                  Gain(Loss) on   
                                       Common Stock          Paid-In       Retained     Marketable
                                  Shares          Amount     Capital       Earnings     Securities 

<S>				<C>		<C>	   <C>		  <C>		 <C>
Balance - December 1, 1992       6,957,533       $69,575    $4,430,820     $2,246,053     $     -      

Issuance of common stock  	   206,000         2,060       107,440         -                -  

Repurchase of common stock       ( 423,282)    (   4,233)   (  366,139)        -                -

Net income for the year               -             -             -         2,605,818           - 

Balance - November 30, 1993      6,740,251        67,402     4,172,121      4,851,871           -

Issuance of common stock   	    49,200           492       103,414           -              -
 
Net income for the year   	      -             -             -         2,815,926           -

Unrealized loss on marketable
 securities               	      -             -             -          	 -        (  250,867)

Balance - December 1, 1994       6,789,451        67,894     4,275,535      7,667,797     (  250,867)

Issuance of common stock             5,700            57         6,473           -              -

Net loss for the year                 -             -             -        (1,566,568)          -

Unrealized gain on marketable 
 securities                	      -             -             -              -           256,195 

Balance - November 30, 1995      6,795,151       $67,951    $4,282,008     $6,101,229     $    5,328

</TABLE>

See Notes to Consolidated Financial Statements.

                                    -5-

<PAGE>
                    CCA INDUSTRIES, INC. AND SUBSIDIARIES

<TABLE>
                   CONSOLIDATED STATEMENTS OF CASH FLOWS

                      FOR THE YEAR ENDED NOVEMBER 30,

<CAPTION>
		                                   1995          1994        1993          
<S>						<C>	     <C>          <C> 
 Cash Flows from Operating Activities:
 Net income (loss)          			($1,566,568)  $2,815,926   $2,605,818           
	Adjustments to reconcile net 
     	income (loss) to net cash 
     	provided by operating activities:
 Depreciation and amortization  		    332,802      251,245      246,423
 Amortization of bond discount    		      6,576         -            -   
 Decrease in advanced royalties 		       -          81,667      174,998
 Decrease in intangible assets   		       -            -          17,770
 (Gain) loss on disposal of assets     			  5    (  26,033)      59,463
 Decrease (increase) in accounts 
   	receivable                                1,294,608  ( 2,618,736)  (  679,966)
 Decrease (increase) in inventory                 1,104,429  (   570,003)  (3,408,592)
 Decrease (increase) in prepaid 
   	expenses and sundry receivables         (   608,999)      38,959   (   49,657)
 (Increase) in deferred income taxes            (   185,355)  (   92,464)  (  263,435)
 (Decrease) increase in accounts 
   	payable and accrued liabilities         (   721,688)  (  323,474)   3,413,378 
 Increase (decrease) in income 
   	taxes payable                           (     6,354)  (  295,601)     126,117
 Decrease (increase) in security 
   	deposits                                (    12,094)       6,211   (   11,126)

     	Net Cash (Used in) Provided by 
     	Operating Activities                    (   362,638)  (  732,303)   2,231,191

Cash Flows from Investing Activities:
 Acquisition of property and
  	 equipment                              (   355,719)  (  440,962)  (  352,530)
 Proceeds from sale of property 		       -          42,150         -  
 Payment for intangible assets                  (    49,764)  (   51,045)        -    
 Purchase of marketable securities              (   116,475)  (1,929,337)  (  838,222)
 Proceeds from sale of marketable
   securities                 			  1,353,894    1,604,196         -    
 Proceeds of money due from officers          	     19,731         -            -    
 Increase in other assets            		(     6,192)        -            -    
 
   Net Cash Provided (Used In) 
     Investing Activities       		    845,475   (  774,998)  (1,190,752)
Cash Flows from Financing Activities:
 Proceeds from borrowings 			    688,320      700,000    1,195,295
 Payment on debt          			(   966,242)  (  994,715)  (1,458,806)
 Proceeds from stock issuance        		      6,530      103,906      109,500
 Purchase of common stock                              -            -      (  370,372)

   Net Cash (Used In) 
  	Financing Activities                    (   271,392)  (  190,809)  (  524,383)

Net Increase (Decrease) In Cash                     211,445   (1,698,110)     516,056

Cash at Beginning of Year       		    100,705    1,798,815    1,282,759

Cash at End of Year         			$   312,150  $   100,705   $1,798,815 

Supplemental Disclosures of Cash 
   Flow Information:
   Cash paid during the year for:
     Interest              			$    72,021  $    76,912  $    83,196
     Income taxes                  		    102,625    2,219,481    1,941,275
</TABLE>

See Notes to Consolidated Financial Statements.


                                     -6-
<PAGE>

                   CCA INDUSTRIES, INC. AND SUBSIDIARIES
                                      
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                      

NOTE 1 -  ORGANIZATION AND DESCRIPTION OF BUSINESS

 The Company was incorporated in Delaware on March 25, 1983.

 The Company manufactures and distributes health and beauty aid products.

 The Company has several subsidiaries (CCA Cosmetics, Inc., CCA Labs,
 Inc., CCA Industries (International) Ltd., CCA Industries (UK) Limited and
 Berdell, Inc.), all of which are currently inactive.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 Principles of Consolidation:

 The consolidated financial statements include the accounts of the
 Company and its wholly-owned subsidiaries.  All significant inter-company ac-
 counts and transactions have been eliminated.  The consolidated financial
 statements include the use of estimates, which management believes are
 reasonable.

 Short-Term Investments and Marketable Securities:

 Short-term investments and marketable securities consist of corporate and
 government bonds and equity securities.  In 1994 the Company adopted the
 accounting principles promulgated by SFAS No. 115 Accounting for Certain
 Investments in Debt and Equity Securities.  The Company has classified its
 investments as Available-for-Sale securities.  Accordingly, such investments
 are reported at fair market value, with the resultant unrealized gains and
 losses reported as a separate component of shareholders' equity.  Prior to
 1994, the Company reported marketable securities at the lower of cost or
 market value; unrealized losses were charged to earnings.

 Cash Equivalents:

 For purposes of the statement of cash flows, the Company considers all
 highly liquid instruments purchased with an original maturity of less than
 three  months to be cash equivalents.

 Inventories:

 Inventories are stated at the lower of cost (first-in, first-out) or market.

 Product returns are recorded in inventory when they are received at the lower
 of their original cost or market, as appropriate.  Obsolete inventory is
 written  off and its value is removed from inventory at the time its 
 obsolescence is  determined.
                                     -7-

<PAGE>
                   CCA INDUSTRIES, INC. AND SUBSIDIARIES
                                      
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

 Property and Equipment and Depreciation and Amortization

 Property and equipment are stated at cost.  The Company charges to
 expense repairs and maintenance items, while major improvements and
 betterments are capitalized.  When the Company sells or otherwise disposes
 of property and equipment items, the cost and related accumulated
 depreciation are removed from the respective accounts and any gain or loss
 is included in earnings.  

 Depreciation and amortization are provided on the straight-line method over
 the following estimated useful lives or lease terms of the assets:

 Machinery and equipment                7-10 years
 Furniture and fixtures    		 5-7 years
 Tools, dies and masters   		 2-7 years
 Transportation equipment    		   7 years
 Leasehold improvements                 7-10 years or life of lease
   					     whichever is shorter
 Intangible Assets:

 Intangible assets are stated at cost.  Patents and trademarks are amortized
 on the straight-line method over a period of 17 years; organization expenses
 are amortized on the straight-line method over five (5) years.

 Financial Instruments:

 The carrying value of assets and liabilities considered financial instruments
 under SFAS Note #107 approximate their respective fair value.

 Tax Credits:

 Tax credits, when present, are accounted for using the flow-through method
 as a reduction of income taxes in the years utilized.

 Income Per Common Share:

 Income per common share has been computed using the weighted average
 number of shares of common stock outstanding during the periods based on
 the treasury stock method using average market price.

 Fully diluted earnings per share are not presented because they are either
 anti-dilutive or result in dilution of less than 3%.
                                     -8-
<PAGE>                                     
                   CCA INDUSTRIES, INC. AND SUBSIDIARIES
                                      
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

 Advertising and Related Costs:

 In accordance with APB 28 Interim Financial Reporting the Company
 expenses its advertising and related costs proportionately over the interim
 periods based on its total expected costs per its various advertising
 programs.  Any necessary accrual or deferral is accordingly reflected in the
 balance sheet for the interim period.  However, for annual reporting
 purposes, no advertising or related costs are capitalized and all are expensed
 in the fiscal year in which they are incurred.

NOTE 3 - INVENTORIES

 At November 30, 1995 and 1994, inventories consist of the following:

       			 1995               1994                

   Raw materials        $3,875,751  $3,903,028
   Finished goods        2,538,346   3,615,498
   			
   			$6,414,097  $7,518,526

NOTE 4 - PROPERTY AND EQUIPMENT                       

 At November 30, 1995 and 1994, property and equipment consisted of the
   following:

		                           1995        1994       

Machinery and equipment         $    225,312   $   154,812
Furniture and equipment              264,589       228,377
Transportation equipment               1,917         1,917
Tools, dies, and masters           1,137,327       888,320
Leasehold improvements               108,474       108,474
				   1,737,619     1,381,900
Less: Accumulated depreciation
         and amortization          1,024,494       698,885           

Property and Equipment - Net     $   713,125    $  683,015           

Depreciation and amortization expense for the years ended November 30,
1995, 1994 and 1993 amounted to $325,609, $247,018 and $243,164,
respectively.
                                     -9-
<PAGE>                                     

                   CCA INDUSTRIES, INC. AND SUBSIDIARIES
                                      
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE 5 - INTANGIBLE ASSETS

   Intangible assets consist of the following at November 30, 1995
    and 1994:     
		                               1995       1994      

   Patents and trademarks                    $154,484  $104,720
   Less: Accumulated amortization              25,946    18,753
   
   Intangible Assets - Net                   $128,538 $  85,967
   
   Amortization expense for the years ended November 30, 1995, 1994 and
   1993 amounted to $7,193, $4,227 and $3,259, respectively.

NOTE 6 - SHORT-TERM INVESTMENTS AND MARKETABLE SECURITIES

   Short-term investments and marketable securities, which consist of stock and
   various corporate and government obligations, are stated at market value. In
   accordance with SFAS No. 115, the Company has classified its investments
   as Available-for-Sale securities and considers as current assets those
   investments which will mature or are likely to be sold in the next fiscal
   year. The remaining investments are considered non-current assets.  The cost
   and market values of the investments at November 30, 1995 and 1994 were as
   follows:
   
                  		1995                 1994
   Current:               COST        MARKET    COST       MARKET 

   Corporate obligations $  701,026 $   704,373 $1,153,281 $1,141,517     
   Government obligations          
     (including mortgage 
       backed securities) 1,633,616   1,631,664    339,702    294,302
   Preferred stock          200,000     203,000    200,000    177,000
  
       Total              2,534,642   2,539,037  1,692,983  1,612,819
   Non-Current:

   Corporate obligations    846,340     843,026  1,749,549  1,666,471
  Government obligations    941,165     945,412  2,036,315  1,948,690
       
       Total             1,787,505    1,788,438  3,785,864  3,615,161
        
        Total           $4,322,147   $4,327,475 $5,478,847 $5,227,980
                                     
                                     -10-
<PAGE>
                    CCA INDUSTRIES, INC. AND SUBSIDIARIES

                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE 6 - SHORT-TERM INVESTMENTS AND MARKETABLE SECURITIES
                                   (Continued)

   During the year ended November 30, 1995 available-for-sale securities were
   liquidated and proceeds amounting to $1,353,894 were received, with
   resultant realized losses totalling $5.  Cost of available-for-sale
   securities includes unamortized premium or discount.

NOTE 7 - PREPAID ROYALTY EXPENSE (DEFERRED)

   On March 3, 1986, the Company entered into a License Agreement (the
   "Agreement") with Alleghany Pharmacal Corporation ("Alleghany") under the
   terms of which the Company was granted the exclusive right to use the
   licensed products and trademarks for the manufacture and distribution of the
   products subject to the license.  Under the terms of the Agreement, on July
   5, 1986, the Company paid to Alleghany a non-refundable advance payment
   of $1,015,000.  The license runs for an indeterminate period.  An additional
   $525,000 non-refundable advance payment was paid to Alleghany on July 5,
   1987.

   From the period March 3, 1986 to June 3, 1986, the Company was required
   to pay a 7% royalty on all net sales. Thereafter, it is required to pay a 6%
   royalty on net sales but no less than $360,000 per annum to maintain its
   license.  After the sum of $9,000,000 in royalties has been paid to
   Alleghany, the royalty is reduced to 1% of net sales.  As of November 30, 
   1995, $4,434,510 of royalties have been paid or accrued and only $4,565,490 
   still remains until the $9,000,000 level is reached.

   As of November 30, 1995, all of the advance payments have been charged
   against income.

NOTE 8 - LONG-TERM DEBT

   Long-term debt consisted of the following at November 30, 1995 and 1994:
   					1995         1994     
    
   Note payable - Bank (A)            $399,067      $687,067          
   Notes payable - AFCO (B)             10,078          -   
   			               409,145       687,067
   Less:  Current portion              298,078       288,000
   
                                      $111,067      $399,067
                                     
                                     -11-
<PAGE>
                    CCA INDUSTRIES, INC. AND SUBSIDIARIES

                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



NOTE 8 - LONG-TERM DEBT (Continued)

   (A)  Note payable - Bank represents the balance of a $1,119,067 loan due in
        monthly installments of $24,000 plus interest to February 1996.
        Interest is calculated on the outstanding balance at prime plus 1%. 
        In connection with this loan, the bank has been given a secured interest
        in all of the accounts receivable and inventory of the Company and its
        subsidiaries.  At November 30, 1995, the bank's prime rate was 8.75%.

   (B)  Notes payable - AFCO represent a 9-month financing arrangement of the
        Company's insurance premiums at 8.065% during 1995.

   The Company's long-term debt is due to mature as follows:

    Year Ending
    November 30,

     1996                                 $298,078
     1997                                  111,067
     1998                                     -      
     1999                                     -      
     2000                                     -      
					  $409,145
                 
   The Company has an available line of credit of $3,000,000.  Interest is
   calculated on the outstanding balance at prime minus 1% or Libor plus 150
   basis points.  As of November 30, 1995, the Company was not utilizing any
   of its available line.  

NOTE 9 -   INCOME TAXES

   The Company and its subsidiaries file a consolidated federal income tax
   return.  No returns have been examined by the Internal Revenue Service.






                                     -12-

<PAGE>
                   CCA INDUSTRIES, INC. AND SUBSIDIARIES
                                      
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE 9 -   INCOME TAXES (Continued)

   The Company has temporary differences arising from the following:

                                    		   Classified As    
                        	     Deferred    Short-      Long- 
      Type                  Amount     Tax       Term        Term  
                                                 Asset (Liability)   
 
 Depreciation          $    129,422 $   52,011 $    -      $52,011 
 Reserve for bad debts      157,204     63,176    63,176      -
 Reserve for returns        747,748    300,501   300,501      - 
 Reserve for obsolete
   inventory              1,147,627    461,203   461,203      -
 Section 263A costs         251,955    101,254   101,254      -
   New Jersey net 
   operating loss 
      carryforward        1,582,395    148,350   148,350      - 
			 $4,016,351  1,126,495 1,074,484    52,011 
 Tax asset valuation
   allowance                       (   394,273)( 376,069) ( 18,204)
 Net deferred income
    tax                            $   732,222 $ 698,415   $33,807 

 The tax asset valuation allowance increased by $211,984 during the year
 ended November 30, 1995.


 Income tax expense (benefit) is made up of the following components:

                                           November 30, 1995
                                                  State &
                               Federal          Local          Total         

   Current tax (benefit) 
     expense                ($482,202)      $  10,781      ($471,421)
   Tax credits              (   7,180)           -         (   7,180)
   Deferred tax (benefit)   (  68,364)     (  116,991)     ( 185,355)

                            ($557,746)      ($106,210)     ($663,956)

 The current tax benefit for the year ended 1995 includes a net operating loss
 carryback which is reflected in income tax refunds on the balance sheet.
 
                                     -13-
<PAGE>
                   CCA INDUSTRIES, INC. AND SUBSIDIARIES
                                      
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                      
                                      
NOTE 9 - INCOME TAXES (Continued)

                                    November 30, 1994
                                           State & 
                             Federal        Local         Total

 Current tax expense       $1,514,097     $495,485    $2,009,582 
 Tax credits            (      21,162)        -      (    21,162)
 Deferred tax benefit   (      70,905)  (   21,564)  (    92,469)

			   $1,422,030     $473,921    $1,895,951 



                                     November 30, 1993
                                            State & 
                             Federal         Local         Total

 Current tax expense      $ 1,551,853     $440,355    $1,992,208 
 Tax credits             (     12,266)        -      (    12,266)
 Deferred tax benefit    (    203,475)  (   61,881)  (   265,356)

                            $1,336,112    $378,474    $1,714,586 
                                                        
 Income taxes payable are made up of the following components:

                                            State &
                             Federal         Local         Total

  November 30, 1995        $    -           $  -         $   -

  November 30, 1994        $    -           $ 6,354      $  6,354

  November 30, 1993        $ 153,761        $67,421      $221,182
                             

                                     -14-
<PAGE>

                   CCA INDUSTRIES, INC. AND SUBSIDIARIES
                                      
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                      

NOTE 9 - INCOME TAXES (Continued)

   A reconciliation of income tax expense computed at the statutory rate to
   income tax expense at the effective rate for each of the three years ended
   November 30, 1995 is as follows:

<TABLE>
<CAPTION>
 		                              1995                     1994                    1993 
						   Percent                  Percent                  Percent 
                                                   of Pretax                of Pretax                of Pretax 
                                       Amount      Income        Amount     Income       Amount      Income  
<S>				  <C>           <C>            <C>         <C>          <C>    	

Income tax (benefit) expense at 
     statutory rate               ($758,379)     ( 34.00%)      $1,602,038   34.00%      $1,468,937    34.00%   
Increases (decreases) in taxes
resulting from:
State income taxes, net of federal                                     
        income tax benefit        ( 106,377)      ( 4.77 )         292,988    6.22          267,608     6.19
Non-deductible expenses and
    other adjustments               207,980         9.32            22,087     .47       (    9,693)  (  .22  )
Utilization of tax credits        (   7,180)     (   .32 )       (  21,162)   (.45)      (   12,266)  (  .28  )
Income tax expense at
      effective rate              ($663,956)     ( 29.77%)      $1,895,951   40.24%      $1,714,586    39.69%
</TABLE>      

                                    -15-
<PAGE>
                    CCA INDUSTRIES, INC. AND SUBSIDIARIES

                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                                      
NOTE 10 -  STOCK OPTIONS
 
   On November 15, 1984, the Company authorized the granting of incentive
   stock options as well as non-qualified options.  The following summarizes the
   stock options outstanding under this plan as of November 30, 1995.

                                  Number       Per Share
                                    Of           Option
   Date Granted                  Shares         Price    Expiration

   January 1985                  98,600   $  .40           1997
   December 1987                569,500      .50           1997
   January 1988                 370,000      .55           1997
   March 1989                   200,000      .75           1999
   January 1990                 200,000      .63           1999
   December 1991                 27,500      .50           1996
   June 1995                     50,000     4.50           2000
   1,515,600

   The following summarizes the activity of shares under option for the two
   years ended November 30, 1995:

                                  Number        Per Share
                                    Of            Option
                                 Shares            Price               Value

   Balance - December 1,
     1993                      1,520,500     $  .40 - $6.00        $  938,125

     Exercised              (     49,200)    $  .40 - $6.00      (    103,905)
     Expired                (      5,000)             $3.50      (     17,500)
   Balance - November 30,
      1994                     1,466,300     $  .40 - $ .75           816,720

     Granted                      55,000      $1.25-  $4.50           231,250
     Exercised              (      5,700)     $ .40 - $ .75      (      6,530)
   Balance - November 30,
      1995                     1,515,600      $ .40 - $4.50        $1,014,440 



                                     -16-
<PAGE>
                    CCA INDUSTRIES, INC. AND SUBSIDIARIES

                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 11 -  ACCRUED EXPENSES AND OTHER ACCOUNTS PAYABLE

The following items which exceeded 5% of total current liabilities are
included in accounts payable and accrued liabilities as of:

                                              November 30,
                                      1995                   1994  
                                             (In Thousands)

   Media advertising                 $1,812                 $1,460
   Coop advertising                     519                    547
   Accrued returns                      435                    443
   Payroll and bonuses                   *                     547

                                     $2,766                 $2,997
   
All other liabilities were for trade payables or individually did not exceed 5%
of total current liabilities.

   * Under 5%

NOTE 12 -  OTHER INCOME

   Other income was comprised of the following:

                                          November 30,
                               1995         1994         1993

   Interest income            $271,505     $311,684     $297,432
   Dividend income              16,164       16,357       15,972
   Realized gain (loss) on 
      disposal of assets     (       5)      26,033       30,184
   Royalty income               11,648         -            -
   Miscellaneous                17,616        3,006       23,660
           
                              $316,928     $357,080     $367,248


NOTE 13 -  COMMITMENTS AND CONTINGENCIES


On April 1, 1995, the Company renewed their lease for approximately 55,000
square feet of office and warehouse space at an annual rental of $259,284. 
This lease on the Company's premises expires March 31, 2001.  On
September 22, 1995 the Company leased an additional 30,000 square feet of
warehouse space in Paterson, NJ on a net lease basis at a rental of $6,875
per month.  The lease expires on September 30, 1997.   
                                     -17-
<PAGE>
                    CCA INDUSTRIES, INC. AND SUBSIDIARIES

                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 13 - COMMITMENTS AND CONTINGENCIES (Continued)

The Company has entered into various operating leases with expiration dates
ranging through February 1998.     

Rent expense for the years ended November 30, 1995, 1994 and 1993 was
$414,907, $381,805 and $343,722, respectively.

Future commitments under noncancelable operating lease agreements for
each of the next five (5) years and in the aggregate are as follows:

   Year Ending
   November 30,

       1996                $    407,206
       1997                     362,899
       1998                     262,575
       1999                     259,284
       2000                     259,284
       2001 and thereafter       86,428
 
          Total              $1,637,676

On March 3, 1986, the Company entered into a License Agreement with
Alleghany Pharmacal Corporation (See Note 7).

The Company has entered into various other License Agreements, none of
which materially affect the Company's sales, financial results, financial
condition, or should materially affect its future results of operations.
There are various matters in litigation that arose out of the normal operations
of the Company which, in the opinion of management, will not have a
material adverse effect on the financial condition of the Company.

NOTE 14 - RELATED PARTY TRANSACTIONS

The Company has an outstanding loan of $25,250 from its Vice President in
charge of Sales; which was made to aid him in obtaining a first mortgage on
his home.  This loan is secured by a second mortgage and carries an interest
rate at 1% over prime.  Interest is payable semi-annually.  The Vice
President is the son of Mr. David Edell, the President of the Company.

The Company has retained the law firm of Berman & Murray as its general
counsel.  Ira W. Berman, a member of the firm, is the Secretary, Chairman of
the Board and a principal shareholder of the Company.
                                     -18-
<PAGE>
                    CCA INDUSTRIES, INC. AND SUBSIDIARIES

                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 15 -  MAJOR CUSTOMERS AND FOREIGN SALES

During the years ended November 30, 1995, 1994 and 1993, certain
customers each accounted for more than 5% of the Company's total sales,
as follows:

   Customer                        1995        1994         1993
       A                            22%         18%          18%
       B                             7           9            9 
       C                             7           9            9
       D                             5           *            *

* Under 5%

Foreign sales have been under 5% in total for each of the last three years.
     
 
NOTE 16 - COMMON STOCK TRANSACTIONS

On December 31, 1992, the Company repurchased for redemption 423,282
shares of its common stock for $370,371.75 ($.875 per share).  These shares
represented new certificates which had been issued to Morton Erenstein, a
Director of the Company, who since then has been removed from its Board;
after he gave the Board his affidavit, on August 31, 1988, swearing that he
had lost his stock certificate with regard to  300,077 shares.  Upon his
issuing a personal indemnification to the Company, the Company authorized
the issuance of a new certificate for such shares.  Subsequently, in
November 1992, the National Westminster Bank advised the Company that it
had foreclosed a loan to Mr. Erenstein secured by this new certificate for
300,077 shares and one for 123,205 additional shares of the Company's
common stock, and wished to have them repurchased.

Concurrently, on October 11, 1991, the Company received a letter from
counsel for the Federal Deposit Insurance Corporation ("F.D.I.C.") demanding
delivery of the subject shares, upon representations that Mr. Erenstein had
pledged the subject certificate as security for a loan from First Commercial
Bank of Florida, that he had defaulted to repay the loan, and that the F.D.I.C.
now owned the interests.  The F.D.I.C. advised, however, that it could not
locate the pledged certificate, and the Company advised F.D.I.C. counsel that
it had issued a new certificate to Mr. Erenstein.

                                     -19-

<PAGE>
                    CCA INDUSTRIES, INC. AND SUBSIDIARIES

                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE 16 - COMMON STOCK TRANSACTIONS

In December 1992, the Company was notified by counsel for the F.D.I.C. that
it found the original Erenstein certificate which the Company had been
advised had been lost.  In fiscal 1993, the Company issued a certificate for
51,000 shares to the F.D.I.C. as full satisfaction of the F.D.I.C. claim.

NOTE 17 - SUBSEQUENT EVENTS

On January 10, 1996 David Edell and Ira W. Berman exercised their stock
options and purchased 100,000 shares of the Company's common stock
respectively at $.50 per share.  Messrs. Polak and Dworkin, Directors of the
Company each exercised their options and purchased 25,000 and 50,000
shares of common stock respectively at $.50 per share.  Dunnan Edell, Vice
President and Director exercised his options and purchased 48,600 shares of
common stock at $.40 per share and Drew Edell, Vice President exercised
his options and purchased 25,000 shares of common stock at $.40 per share. 
All of the options except for Mr. Polaks were purchased for 50% cash and
the balance with a full recourse Promissory Note payable on November 30,
1996.  Other than Mr. Polak's, the Notes are collateralized with the stock
certificates.  Mr. Polak paid for his shares in full.

In December 1995, the Company issued options to purchase 100,000 shares
at $1.50 per share in conjunction with an employment agreement with their
new Senior Executive Vice President - Sales.




                                     -20-
<PAGE>                                                                     
SCHEDULE I
<TABLE>
                     CCA INDUSTRIES, INC. AND SUBSIDIARIES

                   MARKETABLE SECURITIES - OTHER INVESTMENTS

                                        
             SHORT-TERM INVESTMENTS AND MARKETABLE SECURITIES 
<CAPTION>
   COL. A                                               COL. B          COL. C             COL.D           COL.E     
                                                                                                      Amount at Which
                                                                                                      Each Portfolio
                                                       Number of                         Market       Of Equity Security
                                                     Units-Principal                     Value of     Issues and Each
                                                       Amount of                         Each Issue   Other Security
 Name of Issuer and            Maturity   Interest    Bonds and          Cost of         at Balance   Issue Carried in
 Title of Each Issue             Date       Rate       Notes            Each Issue       Sheet Date   Balance Sheet 

 CORPORATE OBLIGATIONS:
<S>                            <C>        <C>         <C>               <C>              <C>          <C>
 AT&T                     	6/01/98    4.750%      $  100,000        $   99,006      $   97,938       $   97,938
 AT&T                     	2/15/96    4.500          100,000     	    100,017          99,688           99,688
 AT&T                     	2/15/96    4.500          300,000           300,113         299,064          299,064
 Bank America             	7/15/97    6.000          200,000           200,000         200,824          200,824
 Bankers Trust            	7/01/96    4.700          100,000           100,146          99,303           99,303
 Con Edison                     12/15/96   5.900          100,000            99,875          99,973           99,973
 Dayton P & L             	5/01/97    5.625          100,000            98,265          99,785           99,785
 General Motors Acceptance 
   Corp.                 	10/01/96   8.000          200,000           200,500         203,440          203,440



<PAGE>                                                                                  
SCHEDULE I (Continued)
                                                                                  


                     CCA INDUSTRIES, INC. AND SUBSIDIARIES

                   MARKETABLE SECURITIES - OTHER INVESTMENTS



               SHORT-TERM INVESTMENTS AND MARKETABLE SECURITIES (CONTINUED)
<CAPTION>
   COL. A                                               COL. B          COL. C             COL.D           COL.E     
                                                                                                      Amount at Which
                                                                                                      Each Portfolio
                                                       Number of                         Market       Of Equity Security
                                                     Units-Principal                     Value of     Issues and Each
                                                       Amount of                         Each Issue   Other Security
 Name of Issuer and            Maturity   Interest    Bonds and          Cost of         at Balance   Issue Carried in
 Title of Each Issue             Date       Rate       Notes            Each Issue       Sheet Date   Balance Sheet 

 CORPORATE OBLIGATIONS: (continued)

<S>                            <C>        <C>         <C>               <C>              <C>          <C>
 Merrill Lynch            	6/24/96    4.750%        $100,000        $   100,100      $    99,470  $    99,470
 Merrill Lynch            	6/24/96    4.750          100,000            100,100           99,470       99,470
 Tennessee Valley         	3/04/98    5.125          100,000            100,000           98,594       98,594
 Union Electric   		3/01/97    5.500           50,000             49,244           49,850       49,850

                                                                          $1,547,366      $ 1,547,399  $ 1,547,399

<PAGE>                                        
 





SCHEDULE I (Continued)
                                                                                  
                                                                                  

                     CCA INDUSTRIES, INC. AND SUBSIDIARIES

                   MARKETABLE SECURITIES - OTHER INVESTMENTS

<CAPTION>
   COL. A                                               COL. B          COL. C             COL.D           COL.E     
                                                                                                      Amount at Which
                                                                                                      Each Portfolio
                                                       Number of                         Market       Of Equity Security
                                                     Units-Principal                     Value of     Issues and Each
                                                       Amount of                         Each Issue   Other Security
 Name of Issuer and            Maturity   Interest    Bonds and          Cost of         at Balance   Issue Carried in
 Title of Each Issue             Date       Rate       Notes            Each Issue       Sheet Date   Balance Sheet 

 GOVERNMENT OBLIGATIONS:
<S>                            <C>        <C>         <C>               <C>              <C>          <C>

 US Treasury Note         	10/31/98   4.750%      $  100,000        $    99,684      $    98,125  $     98,125
 US Treasury Note         	10/31/98   4.750          200,000            199,992          196,250       196,250
 US Treasury Note          	5/15/96    4.250          100,000             99,939           99,438        99,438
 US Treasury Note          	5/15/96    4.250          100,000            100,002           99,438        99,438
 US Treasury Note         	11/15/96   4.375          100,000             99,969           99,031        99,031
 US Treasury Note         	10/15/98   7.125          250,000            253,057          261,173       261,173
 US Treasury Note          	5/15/96    4.250          100,000             99,909           99,438        99,438
 US Treasury Note          	1/31/97    6.250          100,000             99,500          100,938       100,938
 US Treasury Note         	12/31/96   6.125          200,000            197,423          201,626       201,626
 US Treasury Note         	11/15/96   4.375          200,000            197,852          198,062       198,062
 US Treasury Note         	11/15/96   4.375          200,000            196,133          198,062       198,062
 US Treasury Note         	11/15/96   4.375          100,000             98,003           99,031        99,031
 US Treasury Note         	11/15/96   4.375          100,000             97,855           99,031        99,031
 US Treasury Bill               7/25/96    5.330           45,000             42,552           43,465        43,465



<PAGE>                                                                                
SCHEDULE I (Continued)


                     CCA INDUSTRIES, INC. AND SUBSIDIARIES

                   MARKETABLE SECURITIES - OTHER INVESTMENTS


   SHORT-TERM INVESTMENTS AND MARKETABLE SECURITIES
   (CONTINUED)

<CAPTION>
   COL. A                                               COL. B          COL. C             COL.D           COL.E     
                                                                                                      Amount at Which
                                                                                                      Each Portfolio
                                                       Number of                         Market       Of Equity Security
                                                     Units-Principal                     Value of     Issues and Each
                                                       Amount of                         Each Issue   Other Security
 Name of Issuer and            Maturity   Interest    Bonds and          Cost of         at Balance   Issue Carried in
 Title of Each Issue             Date       Rate       Notes            Each Issue       Sheet Date   Balance Sheet 

 GOVERNMENT OBLIGATIONS: (Continued)
<S>                            <C>        <C>         <C>               <C>              <C>          <C>

 US Treasury Note          	8/15/96    4.375%      $    200,000      $   195,936      $   198,500  $   198,500
 FHLMC 1628-N           	12/25/2013 6.500             50,000           48,024           46,958       46,958
 EE Bonds                 	     -     7.050             90,000           87,300           87,300       87,300
 FNMA 93-6-26-B          	8/25/2023  7.000             10,000            8,897            8,785        8,785
 FNMA 93-224-D          	11/25/2023 6.500            104,000          101,873           96,362       96,362
 FNMA 92-2-N             	1/28/2024  6.500             52,000           47,424           46,482       46,482
 FHJMC 1702-U            	3/15/2024  7.00               4,000            3,507            3,519        3,519
 FNMA                    	11/10/98   5.050            200,000          199,950          196,062      196,062

<CAPTION>
                                                                           2,574,781        2,577,076    2,577,076
 EQUITY SECURITIES:
                                     			Number of
                                                	Shares   
<S>                            <C>        <C>         <C>               <C>              <C>          <C>
 Preferred Stock:
   Bank America Corp.                                         8,000          200,000          203,000      203,000

                                                         $4,322,147       $4,327,475                    $4,327,475
</TABLE>
<PAGE>    

SCHEDULE V

 
		CCA INDUSTRIES, INC. AND SUBSIDIARIES
                                       
<TABLE>
                        PROPERTY, PLANT AND EQUIPMENT
                                       
                 YEARS ENDED NOVEMBER 30, 1995, 1994 AND 1993
                     

<CAPTION>
                COL. A          COL. B              COL. C                 COL. D         COL. E        COL. F

                              Balance at                                                                 Balance
                              Beginning           Additions               Retirements      Other         At End
        Classification         Of Year        At Cost       Other           Or Sales      Deductions     Of Year

<S>                           <C>         <C>           <C>             <C>              <C>              <C>  
Year Ended November 30, 1995:
  Machinery and equipment     $  154,812   $   70,500     $     -        $       -        $     -          $   225,312
  Furniture and equipment        228,377       36,212           -                -              -              264,589
  Transportation equipment         1,917         -              -                -              -                1,917
  Tools, dies, and masters       888,320      249,007           -                -              -            1,137,327
  Leasehold improvements         108,474         -              -                -              -              108,474

    Total                     $1,381,900     $355,719     $     -        $       -        $     -           $1,737,619

Year Ended November 30, 1994:
  Machinery and equipment     $  218,100     $   -        $     -        $     63,288     $     -          $   154,812
  Furniture and equipment        197,294       31,083           -                -              -              228,377
  Transportation equipment       170,071         -              -             168,154           -                1,917
  Tools, dies, and masters       483,941      404,379           -                -              -              888,320
  Leasehold improvements         102,974        5,500           -                -              -              108,474

    Total                     $1,172,380     $440,962     $     -        $    231,442     $     -           $1,381,900

Year Ended November 30, 1993:
  Machinery and equipment     $  244,509     $ 82,455     $     -        $    108,864     $     -           $  218,100
  Furniture and equipment        377,235       69,188           -             249,129           -              197,294
  Transportation equipment       170,071         -              -                -              -              170,071
  Tools, dies, and masters       511,244      148,876           -             176,179           -              483,941
  Leasehold improvements          50,963       52,011           -                -              -              102,974

    Total                     $1,354,022     $352,530     $     -         $   534,172     $     -           $1,172,380

</TABLE>
<PAGE>

SCHEDULE VI

CCA INDUSTRIES, INC. AND SUBSIDIARIES
                                
<TABLE>
ACCUMULATED DEPRECIATION AND AMORTIZATION OF

PROPERTY, PLANT AND EQUIPMENT

YEARS ENDED NOVEMBER 30, 1995, 1994 AND 1993

<CAPTION>
           COL. A                  COL. B                 COL. C                COL. D           COL. E             COL. F  
                                                Charged
                                   Balance at   To Costs                                                           Balance
                                   Beginning      And                         Retirements        Other             At End
      Classification               Of Year      Expenses           Other       Or Sales          Deductions        Of Year
<S>                              <C>            <C>          <C>             <C>                <C>              <C>       
Year Ended November 30, 1995:
  Machinery and equipment         $   102,815   $   31,525    $      -        $      -           $      -        $    134,340
  Furniture and equipment              87,616       47,955           -               -                  -             135,571
  Transportation equipment                958          274           -               -                  -               1,232
  Tools, dies, and masters            450,667      235,149           -               -                  -             685,816
  Leasehold improvements               56,829       10,706           -               -                  -              67,535

    Total                         $   698,885   $  325,609    $      -        $      -          $       -          $1,024,494

            
Year Ended November 30, 1994:
  Machinery and equipment         $    84,669   $  37,132     $     -        $    18,986        $       -          $  102,815
  Furniture and equipment              46,389      41,227           -               -                   -              87,616
  Transportation equipment            126,689         273           -            126,004                -                 958
  Tools, dies, and masters            293,866     156,801           -               -                   -             450,667
  Leasehold improvements               45,244      11,585           -               -                   -              56,829

    Total                         $   596,857    $247,018     $     -        $   144,990        $       -            $698,885

Year Ended November 30, 1993:
  Machinery and equipment         $   145,597    $ 40,525     $     -        $   101,453        $       -            $ 84,669
  Furniture and equipment             229,496      50,949           -            234,056                -              46,389
  Transportation equipment            102,393      24,296           -               -                   -             126,689
  Tools, dies, and masters            327,680     116,506           -            150,320                -             293,866
  Leasehold improvements               34,356      10,888           -                 -                 -              45,244

    Total                            $839,522    $243,164   $       -        $   485,829        $       -            $596,857


</TABLE>
<PAGE>
<TABLE>

                          SCHEDULE VIII

                    CCA INDUSTRIES, INC. AND SUBSIDIARIES 
                                       
                              VALUATION ACCOUNTS
                                       
                 YEARS ENDED NOVEMBER 30, 1995, 1994 AND 1993

<CAPTION>

   COL. A                                COL. B      COL. C     COL. D    COL. E

 
                                                    Additions
                                        Balance at  Charged To            Balance
                                        Beginning   Costs and             At End
 Description                              Of Year   Expenses   Deductions Of Year

<S>                                     <C>       <C>        <C>         <C>
Year ended November 30, 1995:
 Allowance for doubtful accounts        $208,863     $139,355    $191,014   $157,204
 
 Reserve for returns                    $770,933   $2,841,439  $2,864,623   $747,749
              

Year ended November 30, 1994:
 Allowance for doubtful accounts        $102,388     $156,649     $50,174   $208,863
 
 Reserve for returns                    $779,273   $3,056,002  $3,064,342   $770,933


Year ended November 30, 1993:
 Allowance for doubtful accounts         $39,620     $191,770    $129,002   $102,388 

 Reserve for returns                    $482,862   $3,163,188  $2,866,787   $779,273 









</TABLE>
<PAGE>

<TABLE>
                     CCA INDUSTRIES, INC. AND SUBSIDIARIES          SCHEDULE IX

                             SHORT-TERM BORROWINGS

                  YEARS ENDED NOVEMBER 30, 1995, 1994 AND 1993
<CAPTION>
          COL. A      		COL. B    COL. C    COL. D       COL. E           COL. F

                                                                                  Weighted
                                                    Maximum      Average          Average
                                          Weighted   Amount       Amount          Interest
                               Balance at  Average  Outstanding Outstanding       Rate
Category of Aggregate              End    Interest  During the    During          During
Short-term Borrowings          Of Year      Rate      Period    the Year (3)      Year (4) 

<S>                         <C>          <C>       <C>          <C>               <C>
YEAR ENDED:

NOVEMBER 30, 1995:
  Notes payable to
    bank (1)                       -         8.75   $ 400,000   $      58,333        8.75
  Notes payable - AFCO
    (2)                          10,078      8.07      88,320          36,289        8.07

NOVEMBER 30, 1994:
  Notes payable to
    bank (1)                  $    -         6.72    $700,000        $170,833        7.73
  Notes payable - AFCO
    (2)                            -         6.59       6,715             560        6.59

NOVEMBER 30, 1993:
  Notes payable to
    bank (1)                  $    -          -      $   -           $   -            -   
  Notes payable  - AFCO
    (2)                           6,715      6.59      52,419          24,298        6.59

</TABLE>

(1) Notes payable to bank represent borrowings under a revolving line of credit
borrowing arrangement which expires on April 30, 1996.

(2) Notes payable - AFCO matures nine months from date of issue.

(3) The average amount outstanding during the year was computed by dividing the
total of month-end outstanding principal balances by the number of months in
the year.

(4) The weighted average interest rate during the year was computed by dividing
the annualized interest expense for the period with balances, by the average
short-termdebt outstanding.
<PAGE>
SCHEDULE X
                    CCA INDUSTRIES, INC. AND SUBSIDIARIES
                                       
<TABLE>
                  SUPPLEMENTARY INCOME STATEMENT INFORMATION
                                       
                 YEARS ENDED NOVEMBER 30, 1995, 1994 AND 1993
       
<CAPTION>                                       
       Column A                                               Column B

       Charged to                                             Costs and  
           Item                                                Expenses   

<S>                                                  <C>
Year ended November 30, 1995:

 1.  Maintenance and repairs                                     (1)

 2.  Depreciation and amortization of intangible
       assets, preoperating costs and similar
       deferrals                                                 (1)
   
 3.  Taxes, other than payroll and income taxes                  (1)

 4.  Royalties                                              $663,949

 5.  Advertising                                         $13,332,216

Year ended November 30, 1994:

 1.  Maintenance and repairs                                     (1)

 2.  Depreciation and amortization of intangible
       assets, preoperating costs and similar
       deferrals                                                 (1)
   
 3.  Taxes, other than payroll and income taxes                  (1)

 4.  Royalties                                              $807,069

 5.  Advertising                                         $13,428,116

Year ended November 30, 1993:

 1. Maintenance and repairs                                      (1)

 2. Depreciation and amortization of intangible
    assets, preoperating costs and similar
    deferrals                                                    (1)
   
 3. Taxes, other than payroll and income taxes                   (1)

 4. Royalties                                               $500,153

 5. Advertising                                          $11,628,793

</TABLE>

(1) These amounts are not presented, as such amounts are less than 1% of total
    sales and revenues.
<PAGE>