FORM 10-Q

                            SECURITIES AND EXCHANGE COMMISSION
                                  WASHINGTON, D.C.  20549

  (X)                QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
                              SECURITIES EXCHANGE ACT OF 1934

                    FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 1995 

                                            OR

  ( )                TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                          OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                  to                

Commission file number   0-19179  

                     CT COMMUNICATIONS, INC.                      
                  (Exact name of registrant as specified in its charter)

        NORTH CAROLINA                            56-1837282      
  (State or other jurisdiction of             (I.R.S. Employer
   incorporation or organization)            Identification No.)

     68 Cabarrus Avenue, East
     P.O. Box 227, Concord, N.C.                  28025           
 (Address of principal executive offices)       (Zip Code)

                                (704) 788-0244                            
                   (Registrant's telephone number, including area code)

                                                                  
                   (Former name, former address and former fiscal year,
                               if changed since last report)

            Indicate by check mark whether the registrant (1) has filed all 
reports required to be filed by Section 13 or 15(d) of the Securities 
Exchange Act of 1934 during the preceding 12 months (or for such shorter period 
that the registrant was required to file such reports), and (2) has been 
subject to such filing requirements for the past 90 days.

  Yes    X     No                    

                           APPLICABLE ONLY TO CORPORATE ISSUERS:

            Indicate the number of shares outstanding of each of the issuer's 
classes of common stock, as of the latest practicable date.
      
           494,031 shares of Common Stock, $50 par value, outstanding
            as of September 30, 1995. 

                  Class A Voting     -  75,673
                  Class B Non-Voting - 418,358





                                  CT COMMUNICATIONS, INC.


                                           INDEX




                                                                Page No.

PART I.  Financial Information

         Balance Sheets --
            Sept. 30, 1995 and December 31, 1994                  2-3

         Statements of Income --
            Three and Nine Months Ended Sept. 30, 1995 and 1994     4

         Statements of Cash Flows --
            Nine Months Ended Sept. 30, 1995 and 1994               5

         Notes to Financial Statements                            6-7

         Management's Discussion and Analysis of
            Financial Condition and Results of Operations         8-11

PART II.  Other Information                                         12































                                            -1-

                      PART I.  FINANCIAL INFORMATION


                                  CT COMMUNICATIONS, INC.

                                Consolidated Balance Sheets

                                         Unaudited

                                          ASSETS

                                             September 30,     December 31,
                                                 1995              1994    
CURRENT ASSETS:
      Cash and cash equivalents                 $  3,205,868      $  8,346,235
      Short-term investments                       4,101,847         4,473,565
      Securities available-for-sale (note 4)       1,080,890           954,628
      Accounts receivable, net of allowance
        for doubtful accounts of $100,000          8,762,192         7,044,969
      Materials and supplies                       1,792,498         1,422,406
      Prepaid expenses                               100,899           238,579
      Deferred income taxes                          468,200           468,200

           Total current assets                   19,512,394        22,948,582

Investments (note 5)                              29,286,731        23,097,634

Property, plant & equipment:  (note 6)
      Telephone plant in service:
         Land, buildings, and general equipment    18,921,984        17,883,647
         Central office equipment                  44,951,116        38,396,870
        Poles, wire, cables and conduit            63,812,796        60,153,447
         Construction in progress                     ---               464,065
                                                  127,685,896       116,898,029

         Less accumulated depreciation             69,459,033        63,057,606

           Net property, plant, and equipment      58,226,863        53,840,423

                  TOTAL ASSETS                  $ 107,025,988      $ 99,886,639


                                                                (Continued)
















                                            -2-

                           Consolidated Balance Sheets, (Continued)

                              LIABILITIES & STOCKHOLDERS' EQUITY

                                           Unaudited

                                                 September 30,   December 31,
                                                     1995            1994    
CURRENT LIABILITIES:
  Current portion of long-term debt & 
    redeemable preferred stock (note 6)          $    652,500    $  1,540,000
  Accounts payable                                  9,048,524       8,141,677
  Customer deposits and advance billings            1,079,035         989,810
  Accrued payroll                                     405,257         387,526
  Accrued pension cost                              1,099,199         967,699
  Other accrued liabilities                         1,206,002         377,860
  Income taxes payable                                606,507       1,174,359

      Total current liabilities                    14,097,024      13,578,931
        
Long-term debt (note 6)                             4,229,000       4,714,000

DEFERRED CREDITS AND OTHER LIABILITIES:
  Deferred income taxes                             1,977,097       3,251,202
  Investment tax credits                            1,151,338       1,397,388
  Regulatory liability                              3,047,956       3,047,956
  Postretirement benefits other than pension        7,710,691       6,468,528
  Other                                             1,103,098       1,103,098
                                                   14,990,180      15,268,172

Redeemable preferred stock, $100 par value:
  4.8% series; authorized 5,000 shares;
  issued and outstanding 1,875                        175,000         175,000

         Total liabilities                         33,491,204      33,736,103

STOCKHOLDERS' EQUITY:
  Preferred Stock not subject to mandatory redemption:
    5% series, $100 par value; 15,087 shares
          outstanding                                1,508,700       1,508,700
    4.5% series, $100 par value; 2,000 shares
          outstanding                                  200,000         200,000
    Discount on 5% preferred stock                    (16,059)        (16,059)
  Common stock (note 3):
    Voting, $50 par value; outstanding
          75,673 shares in 1995 and 1994             3,783,650       3,783,650
    Nonvoting, $50 par value; outstanding
          418,358 shares in 1995 and 416,256 
          in 1994                                   20,917,900      20,812,800
    Premium on common voting stock                     237,444         237,444
    Premium on common nonvoting stock                2,135,703       1,715,302
  Other capital                                        298,083         298,083
  Unrealized gain on securities available-
    for-sale (note 4)                                  361,417         284,396
  Equity in earnings of investment                       ---           260,624
  Retained earnings                                 44,107,946      37,065,596

    Total stockholders' equity                      73,534,784      66,150,536

        TOTAL LIABILITIES & STOCKHOLDERS' EQUITY  $107,025,988    $ 99,886,639



                                              -3-

<TABLE>


                                    CT COMMUNICATIONS, INC.
                               Consolidated Statements of Income
                     For 3 and 9 months ended September 30, 1995 and 1994
                                           Unaudited

<CAPTION>

                                                  Three Months Ended              Nine Months Ended
                                                     September 30,                   September30,
OPERATING REVENUES:                              1995            1994            1995            1994

<S>                                          <C>             <C>             <C>             <C>                             
  Local service                              $ 5,375,407     $ 4,874,804     $15,691,350     $13,837,022       
  Access and toll service                      6,438,006       6,087,244      18,980,097      17,970,041
  Other and unregulated                        2,251,026       2,139,475       6,690,654       6,275,935
  Less provision for uncollectible accounts     (105,624)       (100,046)       (208,436)       (268,468)

        Total operating revenues              13,958,815      13,001,477      41,153,665      37,814,530

OPERATING EXPENSES:
  Plant specific                               3,405,436       3,309,863       9,815,481       9,705,295
  Depreciation and amortization                3,615,590       5,373,713       7,594,559       8,948,826
  Customer operations                          1,415,186       1,416,861       4,416,352       4,018,307
  Corporate operations                         1,731,375       1,449,042       5,720,225       4,815,700 

        Total operating expenses              10,167,587      11,549,479      27,546,617      27,488,128 

        Net operating revenues                 3,791,228       1,451,998      13,607,048      10,326,402

OTHER INCOME (EXPENSES):
  Interest, dividend income and
     gain on sale                              1,017,479         626,867       3,105,244       1,816,405
  Other expenses, principally interest           143,667         261,924         828,431         559,951 

        Total other income                       873,812         364,943       2,276,813       1,256,454 

        Income before income taxes             4,665,040       1,816,941      15,883,861      11,582,856

Income taxes                                   1,706,060         601,893       5,824,596       4,222,324 

        Net income                             2,958,980       1,215,048      10,059,265       7,360,532

DIVIDENDS ON PREFERRED STOCK                      23,278          23,509          69,832          70,525 

EARNINGS FOR COMMON STOCK                    $ 2,935,702     $ 1,191,539     $ 9,989,433     $ 7,290,007 

EARNINGS PER COMMON SHARE*                   $      5.95     $      2.42     $     20.28     $     14.82 

DIVIDENDS PER COMMON SHARE*                  $      2.05     $      2.00     $      6.05     $      5.92 

WEIGHTED AVERAGE SHARES OUTSTANDING*             493,602         491,926         492,583         491,811


*See Note (3)


</TABLE>





                                               




                                              -4-








                                    CT COMMUNICATIONS, INC.
                                   Statements of Cash Flows
                        For 9 months ended September 30, 1995 and 1994
                                           Unaudited


                                                        1995          1994 
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net income                                       $ 10,059,265  $ 7,360,532

   Adjustments to reconcile net income to net cash
      provided by operating activities:
        Depreciation and amortization                   7,594,559    8,948,826
        Deferred income taxes and tax credits          (1,520,155)  (2,053,506)
        Loss on retirement of non-regulated property        5,178        4,907
        Loss (gain) on disposition of investments        (148,680)    (321,776)
          
       (Increase) decrease in:
         Receivables, net                              (1,717,223)     617,491 
             Materials and supplies                      (370,092)    (452,117)
             Other assets                                 137,680     (927,866)

           Increase (decrease) in:
         Accounts payable                                 906,847     (350,056)
         Federal and state income taxes payable          (567,852)       ---   
         Accrued liabilities                            2,308,761    2,101,189 

               Total adjustments                        6,629,023    7,567,092 
               
               Net cash provided by operating 
               activities                              16,688,288   14,927,624

CASH FLOWS FROM INVESTING ACTIVITIES:
   Additions to non-regulated property and equipment     (216,332)    (312,694)
   Capital additions to telephone plant               (11,881,214)  (6,264,705)
   Salvage value of telephone plant retired, net         (136,779)     (65,105)
   Purchases of investments                            (8,365,165)  (4,913,877)
   Proceeds from sale of investments                    2,634,747      324,746  
            Net cash used in investing activities     (17,964,743)(11,231,635) 

CASH FLOWS FROM FINANCING ACTIVITIES:
   Issuance of common stock                               500,449       46,300
   Repayment of long-term debt                         (1,372,500)     (72,500)
   Dividends paid on preferred stock                      (51,218)     (51,455)
   Dividends paid on common stock                      (2,981,007)  (2,913,307)
   Tax benefit from employee stock ownership
       plan dividends distributed to employees             15,312       15,464
   Tax benefit from exercise of stock option               25,052        6,490
   Purchase of fractional shares                            ---       (110,817)

            Net cash used in financing activities      (3,863,912)  (3,079,825)

   Net increase (decrease) in cash                     (5,140,367)     616,164
   Cash and cash equivalents at beginning of period     8,346,235    2,661,199 

   Cash and cash equivalents at end of period         $ 3,205,868  $ 3,277,363 



See accompanying notes to financial statements.


                                              -5-

                                 CT COMMUNICATIONS, INC.


NOTES TO FINANCIAL STATEMENTS

1.  In the opinion of Management, the accompanying unaudited financial state-
    ments contain all adjustments (consisting of only normal recurring 
    accruals) necessary to present fairly the financial position as of 
    September 30, 1995, and the results of operations for the three months 
    and nine months then ended and cash flows for the nine months
    then ended.

2.  The results of operations for the three months and nine months ended 
    September 30, 1995 and 1994 are not necessarily indicative of the results 
    to be expected for the full year.

3.  The following is a summary of common stock transactions during the nine 
    months ended September 30, 1995.


                                         ........Voting Class A........
                                        Shares     Par Value     Premium
    Outstanding at December 31, 1994
      and at September 30, 1995........ 75,673    $3,783,650    $237,444

    Weighted average shares outstanding
       for the nine months ending
       September 30, 1995.............. 75,673



                                         ......Non-Voting Class B...... 
                                        Shares    Par Value     Premium
    Outstanding at December 31, 1994.. 416,256   $20,812,800  $1,715,302
    Issuance of common stock..........   2,102       105,100     395,349
    Tax benefit from exercise
                  of stock option.....   ---          ---         25,052
    Outstanding at September 30, 1995. 418,358   $20,917,900  $2,135,703

    Weighted average shares outstanding
       for nine months ending
       September 30, 1995..............492,583

















                                           -6-

4.  SECURITIES AVAILABLE-FOR-SALE

                                        September 30, 1995      
                                         Gross Unrealized 
    Securities                                                   Market
    Available-for-Sale       Cost       Gains      Losses         Value

    Equity Securities      $488,405   $969,265    $376,780     $1,080,890


5.  INVESTMENTS
                                                     9/30/95        12/31/94 
     
    State, county, and municipal investments      $ 13,588,863   $ 14,552,592
    Carolina Personal Communications                 3,928,796         ---
    ITN Charter stock                                  777,200        777,200
    U.S. Intelco stock                                 279,277        279,277
    U.S. Telecom East                                3,462,974      2,582,802
    ITC Holdings (equity method)                     5,518,715      5,260,624
    Investment in Ellerbe partnership (equity method)  931,278        341,038
    Investment in RSA 15 partnership (equity method) 4,183,197      3,305,823
    Access/On                                          298,000        146,500
    Embion of North Carolina (equity method)            64,935        220,000
    Wireless 1, Inc.                                   250,000         ---
    Other, at cost which approximates market           105,343        105,343
                                                    33,388,578     27,571,199
    Less current maturities                          4,101,847      4,473,565

            TOTAL                                   $ 29,286,731   $ 23,097,634


6.  LONG-TERM DEBT:

    Long-term debt excluding annual maturities comprised the following:

    First Mortgage Bonds:          September 30, 1995     December 31, 1994
    6 1/4% Series F, due 3/1/97        $ 1,440,000           $ 1,460,000
    Note payable to a bank @ 7.25%
      due in installments until 2001     2,789,000             3,254,000

            TOTAL                      $ 4,229,000           $ 4,714,000


    A substantial amount of the Company's telephone plant is pledged as 
    collateral to the first mortgage bonds.  Annual maturities and sinking 
    fund requirements of the long-term debt outstanding and redeemable prefer-
    red stock amounts to $1,540,000 in 1995; $640,000 in 1996; $2,060,000 in 
    1997; $620,000 in 1998 and 1999; and $599,000 thereafter.



7.  Other receivables consist mainly of amounts due from interexchange carriers
    for access services which is a regulated activity.  There are no related 
    party items included in other receivables.





                                              -7-

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


 Liquidity and Capital Resources

      The liquidity of the Company decreased during the nine month period ending
      September 30, 1995.  Current assets exceeded current liabilities by 
      $5,415,370 at September 30, 1995.  In comparison, current assets exceeded 
      current liabilities by $9,369,651 at December 31, 1994.

      Current assets decreased by $3,436,188 when compared to  December 31, 
      1994.  This decrease is primarily due to a decrease in cash and short-
      term investments of $5,512,088, which was offset in part by an increase of
      $126,262 in securities available-for-sale, an increase of $1,717,223 in 
      accounts receivable, and an increase of $370,092 in materials and 
      supplies.

      Most of this decrease in cash and short-term investments is a result of 
      substantial expenditures made in non-current investments, primarily 
      Carolina Personal Communications.  Cash and short-term investments were 
      unusually high at December 31, 1994 in anticipation of funding this new 
      venture in 1995.  During the nine months ending on September 30, 1995, 
      the Company expended $4,088,766 on this venture.  It is expected that 
      capital requirements for this new company will be an additional 
      $600,000 for the remainder of this year.  An additional $309,000 was 
      advanced to U.S. Telecom East in the form of a loan, making the total 
      principal of such loan $2,004,534.  This loan will convert to equity 
      upon maturity if not retired.  The Company also invested $250,000 in 
      Wireless 1, Inc., a Louisiana based wireless cable TV broadcaster.   
      Other amounts of the cash and short-term investments were invested in 
      assets having maturities of greater than one year and requiring 
      reclassification for balance sheet purposes.

      Current liabilities increased only $518,093 when compared to December 31,
1994.  The decrease resulting from the retiring of a matured long-term bond 
in the amount of $887,500 was more than offset by a $906,847 increase in 
accounts payable, which reflects recognition of an anticipated expense of 
$500,000 for early replacement of telephone poles which are defective and 
recording additional payables for software and central office equipment.  
Other accrued liabilities increased $828,142.  This increase is primarily due
to accrued property taxes of $443,000 and funds held for employees in the 
Employee Christmas Club of $244,000.  Income taxes payable decreased $567,852 
primarily due to the timing difference in payment dates.

      The Company's primary source of cash is funds provided by operations. 
 During the nine months ended September 30, 1995, cash provided by operations 
totaled $16,691,492, as compared to $14,927,624 for the nine months ended 
September 30, 1994.






                                           -8-
 Liquidity and Capital Resources  (Con't.)

      The primary use of cash during this period was for additions to telephone
plant - $12,097,546, purchase of investments - $8,368,369, and payment of 
dividends - $3,032,225.  Carolina Personal Communications, as mentioned above,
received $4,088,766 of cash expended for investments.  Most of the additions 
in telephone plant, $6.5 million, is for switching equipment.  Expenditures 
in this area are expected to continue in order to meet customer growth and 
their demands for services.

      At September 30, 1995, the Company's investment portfolio totaled $33.4 
million, all of which could be pledged to secure additional borrowing if 
needed for liquidity purposes.  There are no plans to borrow additional funds 
at this time.  At September 30, 1995, the Company had available lines of 
credit totaling $13,500,000, none of which was outstanding.  Management 
believes the liquidity is adequate to meet the operational needs of the 
Company.


 Results of Operations

   3 months ended September 30, 1995 and September 30, 1994

      Operating revenues increased $957,338 or 7% for the three months ended 
September 30, 1995 compared to same period of 1994.

      Local service revenues increased $500,603 or 8.2% during this period.  
This growth is a result of improved demand for service. It is expected that 
growth in this classification of revenues will continue throughout this year.

      Access and toll revenues increased $350,762 or 5.8% for the three months 
ended September 30, 1995 when compared to the same period of 1994 due to 
significant growth in customers and demands for services.

      Other and unregulated revenues increased $111,551 or 5.2% for this period.
The increased amount of non-regulated income is primarily the result of 
increased sales efforts in customer premise equipment and the Company's 
continued emphasis on the non-regulated area of operation.

      Operating expenses, exclusive of depreciation, increased $376,231 or 6.1%.
The increase in the customer and corporate area arises from additional accruals
in the pension cost and other post employment benefits (OPEB).  Since adoption,
the Company has been recovering the full accrual (SFAS 106) amount of other
postretirement expenses andbenefit costs in its rates with the various 
jurisdictions.  Plant specific expenditures increased due to a increased 
amount of maintenance in outside plant.







                                           -9-

 Results of Operations  (Con't.)

   3 months ended September 30, 1995 and September 30, 1994  (Con't.)

      Depreciation expenses decreased $1,758,123 or 32.7% for this period.  
This decrease resulted from a special amortization by the Company during the 
1994 period of $3,505,000, as authorized by the North Carolina Utilities 
Commission.  During the current quarter the Company recognized an additional 
$1,500,000 in special amortization. 

Without the special amortization, depreciation expense would have decreased 
about $3,200,000.  Subsequent quarters will not include these special 
amortizations.

      Uncollectible revenue has decreased for this period due to decreased 
write-offs and greater amounts of subsequently collected accounts.

      Other income increased $508,869 for this period due primarily to the 
recognition of income reported from cellular operations.



   9 months ended September 30, 1995 and September 30, 1994

      Operating revenues increased $3,339,135 or 8.8% for the nine months ended
September 30, 1995, over the nine months ended September 30, 1994.  This 
increase is primarily a result of higher local service and toll revenues.

      Local service revenues increased $1,854,328 or 13.4% during this period. 
This growth is a result of improving growth in demand for service and a new 
calling plan which allocates more revenues to local service.  It is expected
that this growth rate will slow since the calling plan was effective May 1994 
and subsequent periods will be more comparable.

      Toll access revenues increased $1,010,056 or 5.6% during the nine months 
ended September 30, 1995, over the nine months ended September 30, 1994.  
This increase is due primarily to the recognition of $440,000 in the third 
quarter of 1995 of a settlement payment recovered from National Exchange 
Carrier Association.  Without this $1.5 million, settlement toll and access 
revenues would have decreased.  This is to be expected due to the calling 
plan implemented during 1994 which transfers revenues to local.

      Other and unregulated revenues increased $414,719 or 6.6% during this 
period in comparison to the same period of the previous year.  This increase 
is primarily due to increased billing and collecting revenues and increased 
customer sales of premise equipment.

      Operating expenses, exclusive of depreciation, for the nine month period 
ended September 30, 1995 increased $1,412,756 or 7.0%.   This increase arises 
primarily from an increase in corporate operations because of accruals in 
the pension cost and post retirement benefits other than pension.



                                          -10-

 Results of Operations (Con.t)

   9 months ended September 30, 1995 and September 30, 1994 (Con't.)

      Depreciation expense decreased $1,354,267 or 15.1% for the nine month 
period ended September 30, 1995 as compared to the same period of 1994.  This 
decrease is a result of having recognized a special amortization of $3,505,000,
as authorized by the North Carolina Utilities Commission in the 1994 period.  
The Company recognized an additional $1,500,000 special amortization during the 
current period.  Subsequent periods should be more comparable since these one-
time charges will not be included.

      Corporate and customer operation expense increased $1,302,570 or 14.7%
when compared to the same period of 1994.  This increase is due primarily to 
accruals to increased pension cost.

      Other income increased $1,020,359 for this period.  This increased amount
 in other is primarily the recognition of income from cellular operations.  The 
additional income was offset by increased other expenses due to loss on invest-
ments of $370,035 and contributions of $122,585.





































                                          -11-

                               PART II.  OTHER INFORMATION

Item 1.  Legal Proceedings

 The registrant is not involved in any material legal proceedings at 
September 30, 1995, except as previously disclosed in Item 3 of its annual 
report on Form 10-K for year ended December 31, 1994 and in Note 9 to the 
registrant's financial statements included therein.


Item 2.  Changes in Securities

 None


Item 3.  Defaults Upon Senior Securities

 None


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

 None


Item 5.  Other Information

 None


Item 6.  Exhibits and Reports on Form 8-K

 There were no current reports on Form 8-K filed during the third quarter.

























                                          -12-
                                  SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the 
registrant has duly caused this report to be signed on its behalf by the 
undersigned thereunto duly authorized.




                                     CT COMMUNICATIONS, INC.      
                                           (Registrant)



                                  /s/ ROY W. LONG                             
                                      Roy W. Long
                                      Vice President, Treasurer
                                     and Chief Financial Officer







     November 13, 1995      
           Date



(The above signatory has dual responsibility as duly authorized
    officer and principal financial and accounting officer of the registrant.)























                                     -13-