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

                                    FORM 10-Q

(Mark One)

[X]    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
       EXCHANGE ACT OF 1934

                  For the Quarterly Period Ended June 28, 1997

                                       OR

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



                          Commission file number 0-6633

                             FOR BETTER LIVING, INC.
             (Exact name of Registrant as specified in its charter)

           Delaware                                            95-2598411
(State or other jurisdiction of                             (I.R.S. employer
  incorporation or organization)                            identification no.)

    13620 Lincoln Way, #380                                    95603-3236
       Auburn, California                                      (Zip code)
(Address of principal executive offices)


                                 (916) 823-9600
              (Registrant's telephone number, including area code)



Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding  twelve months (or for such shorter period that the Registrant was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes  X   No
                                       ---     ---

Indicate the number of shares outstanding of each of the Registrant's classes of
common stock as of August 8, 1997:

                 Common Stock, $.05 par value - 877,816 shares.



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<TABLE>

                    FOR BETTER LIVING, INC. AND SUBSIDIARIES
                                      INDEX




<CAPTION>

  Part I.  Financial Information                                                           Page No.
                                                                                           --------
<S>                                                                                            <C>
  Item 1.  Financial Statements

              Condensed Consolidated Balance Sheets, June 28, 1997, and                        3
              December 28, 1996

              Condensed  Consolidated  Statements  of  Operations  for the Three
              Months  Ended 4 June 28,  1997  and June 29,  1996 and for the Six
              Months Ended June 28, 1997 and June 29, 1996.

              Condensed Consolidated Statements of Cash Flows for the Six Months Ended         5
              June 28, 1997 and June 28, 1996

              Notes to Condensed Consolidated Financial Statements                             6


  Item 2.  Management's Discussion and Analysis of Financial Condition and Results             7
           of Operations


  Part II. Other Information

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



</TABLE>




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<TABLE>

                                                    PART I. FINANCIAL INFORMATION
                                                    Item 1. Financial Statements
                        
                                              FOR BETTER LIVING, INC. AND SUBSIDIARIES
                                                CONDENSED CONSOLIDATED BALANCE SHEETS

<CAPTION>

                                                                                                      June 28,          December 28,
                                                                                                       1997                1996     
                                                                                                   ------------        ------------
<S>                                                                                                <C>                 <C>         
ASSETS
CURRENT ASSETS:
  Cash and cash equivalents                                                                        $    811,000        $  1,518,000
  Accounts receivable - trade (less allowance for doubtful accounts of $1,135,000
    and $847,000 at June 28, 1997 and December 28, 1996, respectfully)                              17,086,000          17,259,000
  Inventories                                                                                        11,396,000           9,978,000
  Deferred income taxes                                                                               1,873,000           1,873,000
  Other                                                                                               3,077,000           2,483,000
                                                                                                   ------------        ------------
    Total current assets                                                                           $ 34,243,000        $ 33,111,000
                                                                                                   ------------        ------------
PROPERTY:
 Property at cost                                                                                    41,675,000          40,379,000
  Less accumulated depreciation and amortization                                                    (29,378,000)        (29,271,000)
                                                                                                   ------------        ------------
    Property - net                                                                                   12,297,000          11,108,000
                                                                                                   ------------        ------------
AVAILABLE-FOR-SALE SECURITIES                                                                              --               164,000
                                                                                                   ------------        ------------
OTHER ASSETS                                                                                          2,664,000           2,633,000
                                                                                                   ------------        ------------
    TOTAL                                                                                          $ 49,204,000        $ 47,016,000
                                                                                                   ============        ============


LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
  Short-term debt                                                                                  $    250,000        $         --
  Current portion of long-term debt and capital lease obligations                                     1,621,000           1,624,000
  Accounts payable - trade                                                                            7,911,000           4,647,000
  Accrued salaries and wages                                                                          1,851,000           2,976,000
  Deferred income                                                                                     2,349,000           2,009,000
  Other                                                                                               2,241,000           2,273,000
                                                                                                   ------------        ------------
    Total current liabilities                                                                        16,223,000          13,529,000
                                                                                                   ------------        ------------
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS                                                         16,429,000          15,565,000
                                                                                                   ------------        ------------
OTHER LIABILITIES (primarily deferred compensation)                                                     791,000             893,000
                                                                                                   ------------        ------------
STOCKHOLDERS' EQUITY:
  Preferred stock - par value $1.00 per share (authorized, 150,000 shares;
    outstanding, none)
  Common stock - par value $.05 per share (authorized, 2,500,000
    shares; outstanding, 877,816 shares)                                                                 44,000              44,000
  Additional paid-in capital                                                                          1,083,000           1,083,000
  Unrealized net gains and losses on available-for-sale securities                                         --                33,000
  Retained earnings                                                                                  14,634,000          15,869,000
                                                                                                   ------------        ------------
    Total stockholders' equity                                                                       15,761,000          17,029,000
                                                                                                   ------------        ------------

    TOTAL                                                                                          $ 49,204,000        $ 47,016,000
                                                                                                   ============        ============


<FN>
See the accompanying notes to condensed consolidated financial statements.                     
</FN>

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<TABLE>

                                              FOR BETTER LIVING, INC. AND SUBSIDIARIES
                                                        
                                          CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

<CAPTION>


                                                                       Three Months Ended                    Six Months Ended  
                                                                ------------------------------       -------------------------------
                                                                  June 28,           June 29,           June 28,           June 29,
                                                                    1997              1996               1997               1996   
                                                                ------------      ------------       ------------       ------------
<S>                                                             <C>               <C>                <C>                <C>         
NET REVENUES                                                    $ 26,082,000      $ 21,846,000       $ 47,643,000       $ 47,311,000
                                                                ------------      ------------       ------------       ------------

COST AND EXPENSES:
  Cost of sales                                                   16,842,000        14,230,000         31,251,000         30,981,000
  Selling, general and administrative expenses                     8,631,000         7,403,000         17,430,000         14,932,000
  Interest expense                                                   469,000           389,000            883,000            765,000
                                                                ------------      ------------       ------------       ------------

Total cost and expenses                                           25,942,000        22,022,000         49,564,000         46,678,000
                                                                ------------      ------------       ------------       ------------

INCOME (LOSS) BEFORE PROVISION FOR TAXES                             140,000          (176,000)        (1,921,000)           633,000

PROVISION (BENEFIT) FOR TAXES                                         53,000           (71,000)          (773,000)           254,000
                                                                ------------      ------------       ------------       ------------

NET INCOME (LOSS)                                               $     87,000      $   (105,000)      $ (1,148,000)      $    379,000
                                                                ============      ============       ============       ============

NET INCOME (LOSS)  PER COMMON SHARE:                            $       0.10      $      (0.12)      $      (1.31)      $       0.43
                                                                ============      ============       ============       ============

WEIGHTED AVERAGE NUMBER OF
 COMMON SHARES OUTSTANDING                                           877,816           877,816            877,816            877,816
                                                                ============      ============       ============       ============

CASH DIVIDENDS PER COMMON SHARE                                 $       0.10      $       0.10       $       0.10       $       0.10
                                                                ============      ============       ============       ============

<FN>
See the accompanying notes to condensed consolidated financial statements.
</FN>
</TABLE>
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<TABLE>

                                              FOR BETTER LIVING, INC. AND SUBSIDIARIES
                        
                                           CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

<CAPTION>


                                                                                                            Six Months Ended     
                                                                                                   ---------------------------------
                                                                                                     June 28,             June 29, 
                                                                                                       1997                 1996 
                                                                                                   -----------          -----------
<S>                                                                                                <C>                  <C>        
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net (loss) income                                                                                $(1,148,000)         $   379,000
  Depreciation, depletion and amortization                                                             972,000              818,000
  Other                                                                                                380,000           (3,429,000)
                                                                                                   -----------          -----------

NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES                                                $   204,000          $(2,232,000)
                                                                                                   -----------          -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchases of property                                                                             (2,062,000)          (1,109,000)
  Purchases of available-for-sale securities                                                              --               (373,000)
  Proceeds from the sale of property and available-for-sale securities                                 175,000            2,042,000
                                                                                                   -----------          -----------

NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES                                                 (1,887,000)             560,000
                                                                                                   -----------          -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from long-term borrowings                                                                 1,416,000            2,905,000
  Proceeds from short-term borrowings                                                                  250,000                 --
  Payment of long-term debt and capital lease obligations                                             (602,000)            (686,000)
  Dividends paid                                                                                       (88,000)             (88,000)
                                                                                                   -----------          -----------

NET CASH PROVIDED BY FINANCING ACTIVITIES                                                              976,000            2,131,000
                                                                                                   -----------          -----------

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                                                  (707,000)             459,000

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                                                     1,518,000            1,528,000
                                                                                                   -----------          -----------

CASH AND CASH EQUIVALENTS AT END OF PERIOD                                                         $   811,000          $ 1,987,000
                                                                                                   ===========          ===========

CASH PAID DURING THE PERIOD FOR THE FOLLOWING:
  Interest                                                                                         $   765,000          $   649,000
                                                                                                   ===========          ===========

  Income taxes                                                                                     $    65,000          $    69,000
                                                                                                   ===========          ===========


<FN>
See the accompanying notes to condensed consolidated financial statements.     
</FN>
</TABLE>
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                    FOR BETTER LIVING, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


1.   The accompanying unaudited condensed consolidated financial statements have
     been prepared in accordance with the  instructions to Form 10-Q and, in the
     opinion of the Company,  include all adjustments (consisting only of normal
     recurring  accruals)  necessary to present  fairly the financial  position,
     results of  operations  and  changes in cash flows of the Company as of the
     dates  and  for  the  periods  indicated.   All  significant   intercompany
     transactions have been eliminated.  Certain amounts as previously  reported
     have been reclassified to conform to the current period presentation.


2.   The  results  of  operations  for  interim   periods  are  not  necessarily
     indicative of the results to be expected for the full fiscal year.


3.   Inventories consist of the following:


                                          March 29,          December 28,
                                            1997                 1996
                                        ------------         ------------

     Finished Products                  $  6,544,000         $  6,585,000
     Work-in-process                         408,000              398,000
     Raw Materials and supplies            4,445,000            2,995,000
                                        ------------         ------------
                                                                         
     Total Inventories                  $ 11,397,000         $  9,978,000
                                        ============         ============


4.   The Company  received,  in prior periods,  notices of proposed  assessments
     from the California  Franchise Tax Board ("CFTB") relating to its 1978-1981
     tax years.  The  principal  issue  raised in these  notices was whether the
     Company's oil and gas operations  were part of a unitary  business with the
     other  operations of the Company.  The CFTB has taken the position that the
     oil and gas operations  were not unitary with these other  operations  and,
     therefore, has disallowed for California income tax purposes losses arising
     from  oil and gas  operations.  The  Company  paid  the  assessed  taxes of
     $379,000 and associated interest of $946,000 in 1992. The Company prevailed
     at the  California  Court of Appeal and the State informed the Company that
     it has no intention of petitioning  the California  Supreme Court to review
     the decision of the Court of Appeal. Accordingly, the Superior Court ruling
     is now a judgment in favor of the Company for  approximately  $2 million of
     returned  taxes and accrued  interest.  This event is not  reflected in the
     second quarter financial statements as the judgment became final in July.

         Deductions  similar to those  disallowed  by the CFTB for the 1978-1981
     tax years were also taken by the Company in its subsequent  tax years.  The
     CFTB has recently examined those subsequent periods and, as a result of its
     examination, has issued a notice of proposed assessment of additional taxes
     for tax  years  1982-1987.  The  proposed  assessment  is for  $272,000  in
     additional  taxes  which would  result in  associated  interest  expense of
     approximately  $577,000 through the second quarter of 1997. In light of the
     ruling in the 1978 through 1981 tax years the Company  believes  that these
     assessments will be dismissed.


5.   The Company was not in  compliance  with all  covenants of the Term Loan at
     the end of the second quarter. The Company has accepted a proposal from its
     lender which will  replace the  Company's  existing  Term Loan and Revolver
     with new term debt, a revolving line of credit and real


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                    FOR BETTER LIVING, INC. AND SUBSIDIARIES
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)


     estate  secured  loans ("The  Quikset  Loans").  The Quikset  Loans will be
     secured entirely by assets of The Quikset  Organization.  Accordingly,  the
     Company has  classified  its Term Loan in accordance  with the terms of the
     expected refinancing.

6.   In July 1997 the Company  entered into an escrow  agreement to purchase the
     approximately  43 acre site of the Quikset - Associated  Concrete  Products
     Santa Ana plant for $3.8  million.  The  Company  intends  to  finance  the
     purchase  through a new loan agreement  using the site as  collateral.  The
     Company intends to continue to operate the Quikset  manufacturing  facility
     at current  capacity and will evaluate  options for any land surplus to its
     concrete manufacturing needs.



           ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                      CONDITION AND RESULTS OF OPERATIONS


Liquidity and Capital Requirements

         Over the first six  months of 1997  $204,000  of cash was  provided  by
operations.  Cash generated from  financing and investment  activities  included
$1,416,000  borrowed on the  Company's  line of credit,  $250,000 of  short-term
borrowings  and  $175,000  from  the sale of  property  and  available  for sale
securities. These funds were used to support $2,062,000 of capital expenditures,
$602,000 of debt payments, and $88,000 of dividend payments.

         The Company's  management  believes that its liquidity position at June
28, 1997,  together with funds  anticipated  to be generated from its operations
and  available  under its proposed line of credit will provide  sufficient  cash
resources to finance its operating activities.  As state in Note 5., the Company
has accepted a proposal from its current  lender to refinance both its equipment
and line of credit  facilities.  The Company  anticipates the refinancing of its
debt will be completed in the third quarter of the current year.


Results of Operations

         For Better Living's net revenues for the six months ended June 28, 1997
increased  $332,000,  or .7%,  compared  to the same  period  last year.  Second
quarter  revenues  increased  $4,236,000,  or 19%.  The increase in year to date
revenues was primarily due to growth in  advertising  and newsstand  revenues at
the  Communications  Group,  partially  offset by a decrease  in revenues at The
Quikset  Organization.  The  increase  in  revenues  for the second  quarter was
largely  due to  increased  demand  at  The  Quikset  Organization's  California
concrete  operations  and  its  plastics  operations  and  continued  growth  in
advertising and newsstand revenues at the Communications Group.

         For the six months  ended June 28,  1997,  For Better  Living's  income
before taxes  decreased  $2,554,000,  or 403%,  compared to the same period last
year. Second quarter earnings before taxes increased $316,000, or 180%, compared
to the same period last year. The decrease in year to date earnings before taxes
was due  primarily to a shortfall  in revenues  compared to 1996 for The Quikset
Organization and to increased selling,  general and  administrative  expenses at
both  The  Quikset  Organization  and  the  Communications  Group.  The  Quikset
Organization  increased  its  selling,  general and  administrative  expenses to
support continued growth in its revenue base. The Communications Group


                                     7 of 9
<PAGE>

            ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                CONDITION AND RESULTS OF OPERATIONS (CONTINUED)




continued  to increase the level of spending in its new  magazine,  Inside Golf,
and in Bike Magazine in an effort to increase  circulation growth and the demand
for  advertising  space.  These  investments  are  reflected in higher  selling,
general  and   administrative   expenses.   Increased   demand  at  The  Quikset
Organization's  California  concrete  operations and its plastics operations was
the primary contributor to the earnings growth of the second quarter.

         Interest  expense  increased  in 1997  primarily  due to an increase in
borrowings under the line of credit  arrangement  from the comparable  period of
the prior year.

         Net  gains   recognized  on  the   disposition  of   available-for-sale
securities for the six months ended June 28, 1997 and June 29, 1996 were $52,000
and $12,000, respectively.





                           PART II. OTHER INFORMATION

<TABLE>
<CAPTION>


                    Item 6. Exhibits and Reports on Form 8-K


(a)  The following  Exhibits are filed as part of this Report: The numbers refer
     to the Exhibit Table of Item 601 of Regulation S-K.
<S>             <C>
      3.1       Certificate of Incorporation.  Incorporated by reference to Exhibit 3.1 of the Registrant's
                Amended Form 10-K for the year ended December 30, 1995.
      3.2       By-Laws of the Registrant.  Incorporated by reference to Exhibit 3.2 of the Registrant's Amended
                Form 10-K for the year ended December 30, 1995.
      27        Financial Data Schedule
</TABLE>

(b)  There were no reports on Form 8-K filed for the three months ended June 28,
     1997.






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<PAGE>

                                   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.



                                              FOR BETTER LIVING, INC.



DATE:    August 8, 1997                       BY: Karl M. Stockbridge
       ---------------------                      -------------------
                                                     Karl M. Stockbridge
                                                     Executive Vice President








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