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 September 30, 1995

                                       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 November 14, 1995:

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


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                    FOR BETTER LIVING, INC. AND SUBSIDIARIES
                                      INDEX





Part I.  Financial Information                                          Page No.
                                                                        --------

 Item 1. Financial Statements

         Condensed Consolidated Balance Sheets, September 30, 1995,        3
         and December 31, 1994

         Condensed Consolidated Statements of Income for the               4
         Three Months Ended September 30, 1995 and September 24, 1994
         and the Nine Months Ended September 30, 1995 and 
         September 24, 1994

         Condensed Consolidated Statements of Cash Flows for the           5
         Nine Months Ended September 30, 1995 and September 24, 1994

         Notes to Condensed Consolidated Financial Statements              6


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


Part II. Other Information

 Item 6. Exhibits and Reports on Form 8-K                                 10



                                     2 of 11


<PAGE>
                          PART 1. FINANCIAL INFORMATION
                          Item 1. Financial Statements

                    FOR BETTER LIVING, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEETS


                                                     September 30,  December 31,
                                                          1995          1994
                                                     -------------  ------------

ASSETS
CURRENT ASSETS:
  Cash and cash equivalents ........................  $ 1,304,000   $ 1,828,000
  Available-for-sale securities ....................          --      1,559,000
  Accounts receivable (less allowance for doubtful
     receivables:  1995, $637,000: 1994, $785,000)..   13,649,000     9,350,000
  Inventories ......................................    8,173,000     8,406,000
  Deferred income taxes ............................    2,097,000     1,705,000
  Other ............................................    2,983,000     3,488,000
                                                      -----------   -----------
     Total current assets...........................   28,206,000    26,336,000
                                                      -----------   -----------
PROPERTY
  Property - at cost ...............................   39,000,000    37,960,000
  Less accumulated depreciation, depletion and 
     amortization...................................   28,256,000    27,126,000
                                                      -----------   -----------
    Property - net .................................   10,744,000    10,834,000
                                                      -----------   -----------
AVAILABLE-FOR-SALE SECURITIES ......................    1,645,000     1,605,000
OTHER ASSETS .......................................      817,000       729,000
                                                      -----------   -----------
       TOTAL .......................................  $41,412,000   $39,504,000
                                                      ===========   ===========

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
  Short-term borrowings ............................  $       --    $ 1,225,000
  Current portion of long-term debt and capital
     lease obligations .............................    1,348,000     1,633,000
  Accounts payable .................................    4,376,000     5,029,000
  Accrued salaries and wages .......................    1,619,000     1,614,000
  Deferred income ..................................    1,775,000     1,591,000
  Other ............................................    4,470,000     4,298,000
                                                      -----------   -----------
    Total current liabilities ......................   13,588,000    15,390,000
                                                      -----------   -----------
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS .......   10,058,000     5,790,000
                                                      -----------   -----------
OTHER LIABILITIES (primarily deferred compensation)     1,083,000     1,356,000
                                                      -----------   -----------
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
  Net unrealized gains and losses on 
     available-for-sale securities, net of taxes ...      181,000       767,000
  Retained earnings ................................   15,375,000    15,074,000
                                                      -----------   -----------
    Total stockholders' equity .....................   16,683,000    16,968,000
                                                      -----------   -----------
       TOTAL .......................................  $41,412,000   $39,504,000
                                                      ===========   ===========

 See the accompanying notes to condensed consolidated financial statements.

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<TABLE>

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

<CAPTION>


                                                      Three Months Ended                  Nine Months Ended
                                                 ------------------------------    ------------------------------
                                                 September 30,    September 30,    September 30,    September 30,
                                                     1995             1994             1995            1994
                                                 -------------    -------------    -------------    -------------

<S>                                                <C>              <C>              <C>              <C>

NET REVENUES .................................     $ 21,841,000     $ 18,389,000     $ 59,060,000     $ 52,157,000
                                                   ------------     ------------     ------------     ------------

COST AND EXPENSES:
  Cost of sales ..............................       13,849,000       11,267,000       36,821,000       32,738,000
  Selling, general and administrative expenses        7,545,000        6,890,000       20,624,000       19,421,000
  Interest expense ...........................          336,000          214,000          884,000          636,000
                                                   ------------     ------------     ------------     ------------
Total cost and expenses ......................       21,730,000       18,371,000       58,329,000       52,795,000
                                                   ------------     ------------     ------------     ------------
INCOME (LOSS) BEFORE PROVISION
  (BENEFIT) FOR TAXES ........................          111,000           18,000           731,00         (638,000)

PROVISION (BENEFIT) FOR TAXES ................           63,000            6,000          342,000         (217,000)
                                                   ------------     ------------     ------------     ------------
NET INCOME (LOSS) ............................     $     48,000     $     12,000         $389,000     $   (421,000)
                                                   ============     ============     ============     ============

NET INCOME (LOSS) PER COMMON SHARE: ..........            $0.05            $0.01            $0.44           $(0.48)
                                                          =====            =====            =====           ======
WEIGHTED AVERAGE NUMBER OF
 COMMON SHARES OUTSTANDING ...................          877,816          877,816          877,816          877,816
                                                        =======          =======          =======          =======

CASH DIVIDENDS PER COMMON SHARE ..............            $0.00            $0.00            $0.10            $0.10
                                                          =====            =====            =====            =====


<FN>


 See the accompanying notes to condensed consolidated financial statements.

</FN>
</TABLE>

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




                                                           Nine Months Ended
                                                    ----------------------------
                                                    September 30,  September 24,
                                                        1995           1994
                                                    -------------  -------------
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income (loss) ...............................  $   389,000    $  (421,000)
  Depreciation, depletion and amortization ........    1,499,000      1,513,000
  Other ...........................................   (5,595,000)    (3,700,000)
                                                     -----------    -----------
NET CASH USED IN OPERATING ACTIVITIES .............   (3,707,000)    (2,608,000)
                                                     -----------    -----------
CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchases of property ...........................   (1,309,000)    (1,214,000)
  Purchases of available-for-sale securities ......           --       (627,000)
  Proceeds from the sale of property and 
     available-for-sale securities ................    1,884,000         68,000
                                                     -----------    -----------
NET CASH PROVIDED BY (USED) IN INVESTING ACTIVITIES      575,000     (1,773,000)
                                                     -----------    -----------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Payment of short-term debt ......................   (1,225,000)            --
  Proceeds from long-term borrowings ..............    5,179,000      8,404,000
  Payment of long-term debt and capital lease 
     obligations ..................................   (1,258,000)    (6,785,000)
  Dividends paid ..................................      (88,000)       (88,000)
                                                     -----------    -----------
NET CASH PROVIDED BY FINANCING ACTIVITIES .........    2,608,000      1,531,000
                                                     -----------    -----------
NET DECREASE IN CASH AND CASH EQUIVALENTS .........     (524,000)    (2,850,000)

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD ..    1,828,000      4,209,000
                                                     -----------    -----------
CASH AND CASH EQUIVALENTS AT END OF PERIOD ........  $ 1,304,000    $ 1,359,000
                                                     ===========    ===========
CASH PAID DURING THE PERIOD FOR THE FOLLOWING:
  Interest ........................................     $615,000       $650,000
                                                        ========       ========
  Income taxes paid (refunded) ....................    $(568,000)      $374,000
                                                       =========       ========


 See the accompanying notes to condensed consolidated financial statements.

                                    5 of 11
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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:

                                              September 30,  December 31,
                                                   1995           1994
                                              -------------  ------------
          Finished products                    $5,314,000     $5,404,000
          Work-in-process                         557,000        100,000
          Raw materials and supplies            2,302,000      2,902,000
                                               ----------     ----------
          Total inventories                    $8,173,000     $8,406,000
                                               ==========     ==========

4.        As  described  in the  Company's Form 10-K for the  fiscal  year ended
    December  31,  1994  (see  Note 6. of the  Notes to  Consolidated  Financial
    Statements),  the Company was in violation of several financial covenants at
    December 31, 1994 under both its Term Loan and Credit  Agreement,  primarily
    as a  result  of the net loss it  incurred  in 1994.  The  Company  received
    written  waivers in regard to these  violations from both lenders during the
    first  quarter of 1995.  In  addition,  the  lender  under the Term Loan has
    agreed  to  reduce  the  requirements   associated  with  certain  financial
    covenants for the first three  quarters of 1995. In exchange for its waiver,
    this lender has required  that the company 1) pay an interest  premium of 1%
    from April 1, 1995 through the first  quarter after the Company has complied
    for two consecutive  quarters with the original  financial  covenants in the
    loan agreement and 2) be in compliance with the original financial covenants
    at the end of fiscal year 1995.

         In granting a waiver under the Credit Agreement,  the lender under this
    agreement 1) raised its interest rate to the bank's  reference rate plus .5%
    effective  March  22,  1995,  2)  accelerated  the  expiration  date  of the
    agreement to June 1, 1995,  3) required  that the Company  maintain  certain
    minimum  amounts  of cash and  marketable  securities,  and 4)  charged  the
    Company a $10,000 waiver fee.

         In the  quarter  ended July 1, 1995,  the  Company  entered  into a new
    revolving  line of credit  agreement  ("Revolver")  with an affiliate of the
    lender under its Term Loan. This new facility  replaced the Credit Agreement
    which was paid in full in June 1995. The Revolver provides the Company up to
    $10 million of  available  funds on a revolving  basis (based on a borrowing
    base  formula,  as  defined) at an  interest  rate of prime plus 1.25%.  The
    applicable  prime rate as of September  30, 1995 was 9.00%.  The Revolver is
    collateralized by essentially all of the



                                     6 of 11
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                    FOR BETTER LIVING, INC. AND SUBSIDIARIES
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)


    Company's accounts receivable,  inventories,  plant and equipment (excluding
    land and buildings) and certain  intangible assets. The commitment under the
    Revolver  may be used to support  letters of credit  issued for the Company,
    the face  amounts  of which are  applied  toward the total  commitment.  The
    Revolver  requires the Company to meet certain  covenants  including,  among
    other things,  minimum tangible net worth (as defined).  The initial term of
    the  Revolver  expires  June 27,  1997,  but may be renewed  for  successive
    two-year periods.

         Amounts   outstanding  under  the  Credit  Agreement  are  reported  as
    short-term borrowings on the balance sheet.

5.       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.  It filed suit in 1994 and
    received a favorable  decision  and  judgment in April 1995 for  recovery of
    these amounts,  plus interest.  The timing of the refund of these amounts is
    presently  indeterminate  since the CFTB has filed an appeal of the decision
    and judgment with the  California  Court of Appeal.  The Company  intends to
    continue to vigorously pursue a refund.

         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  $439,000  through the third  quarter of 1995.  The  Company's
    management believes that the ultimate outcome of this matter will not have a
    material adverse effect on the Company's consolidated financial statements.


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


Liquidity and Capital Requirements

     For the nine months ended  September  30, 1995,  cash and cash  equivalents
decreased  $524,000.  The  primary  sources  of  cash  during  the  period  were
$5,179,000  from long-term  borrowings and $1,884,000  from the sale of property
and available-for-sale securities.  Significant uses of cash were $3,707,000 for
operating  activities,   $1,258,000  for  debt  and  capital  lease  obligations
repayments, $1,225,000 for short-term debt payments and $1,309,000 for purchases
of property primarily for The Quikset Organization.

     For the nine months ended September 24, 1994,  cash  and  cash  equivalents
decreased  $2,850,000.  The  primary  source  of  cash  during  the  period  was
$8,404,000  from  long-term  borrowings.  Significant  uses of cash  during this
fiscal  period  included  $6,785,000  for debt  and  capital  lease  obligations
repayments,  $2,608,000  for operating  activities,  $1,214,000 for purchases of
property  primarily for The Quikset  Organization  and $627,000 for purchases of
available-for-sale securities.


                                     7 of 11
<PAGE>

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


     As  described in Note 5 of the Notes to  Condensed  Consolidated  Financial
Statements,  during the quarter  ended July 1, 1995 the  Company  obtained a new
revolving  credit  facility  and  repaid in full  amounts  due under its  Credit
Agreement.  The Company's  management  believes  that its liquidity  position at
September 30, 1995,  together with funds  anticipated  to be generated  from its
operations  and  available  under its  Revolver  will  provide  sufficient  cash
resources to finance its operating activities.

Results of Operations

     During the three months ended  September 30, 1995,  net revenues  increased
$3,452,000 from the comparable period of the prior year. This primarily resulted
from  increases  in  revenues of  $2,097,000  at The  Quikset  Organization  and
$1,245,000 at the Communications Group. The increase at The Quikset Organization
was primarily due to increases in sales throughout the Quikset Organization. The
increase at the  Communications  Group  resulted  primarily  from  increases  in
advertising  and  newsstand  revenues from its new Bike magazine as well as from
several of its other magazines.

     During the three months ended  September 30, 1995,  the Company  recognized
income  before  taxes of $111,000,  or an increase in pre-tax  income of $93,000
from the  comparable  period of the prior year.  This increase in pre-tax income
resulted  primarily  from an  increase  in  operating  profit of  $98,000 at the
Communications  Group and an  increase  in other  operating  profit of  $80,000,
partially  offset by a decrease  in  operating  profit of $41,000 at The Quikset
Organization.  The increase in operating profit at the Communications  Group was
primarily a result of the increase in revenues from its various  magazines.  The
increase  in other  operating  profit  resulted  primarily  from an  increase in
dividend income from  available-for-sale  securities.  The decrease in operating
profit at The  Quikset  Organization  was  primarily  due to a decline  in gross
margins and increases in selling expenses.

     During the nine months ended  September  30, 1995,  net revenues  increased
$6,903,000 from the comparable period of the prior year. This primarily resulted
from an increase  in revenues of  $3,074,000  at the  Communications  Group,  an
increase in revenues of $2,441,000 at The Quikset Organization,  and an increase
in other  revenues  of  $1,388,000.  The  increase at the  Communications  Group
resulted   primarily  from  increases  in  advertising  and  newsstand  revenues
associated  with its new Bike  magazine  as well as from  several  of its  other
magazines.  The increase at The Quikset  Organization  was  primarily  due to an
increase  in revenues  from its  plastics  operation  and  California  and Texas
concrete operations.  The increase in other revenues resulted primarily from the
sale of available-for-sale securities which had been reported at market value on
the  consolidated  balance  sheet as of  December  31, 1994 in  accordance  with
Statement of Financial  Accounting  Standards No. 115,  "Accounting  for Certain
Investments in Debt and Equity Securities".  Most of these gains were previously
reported on the balance sheet in a separate  component of stockholders'  equity,
net of deferred income taxes.

     During the nine months ended  September  30, 1995,  the Company  recognized
income before taxes of $731,000,  or an increase in pre-tax income of $1,369,000
from the  comparable  period of the prior year.  This increase in pre-tax income
resulted  primarily from an increase in other operating profit of $1,400,000 and
an  increase  in  operating  profit of  $731,000  at the  Communications  Group,
partially  offset by a decrease in  operating  profit of $694,000 at The Quikset
Organization.  The increase in other operating profit resulted primarily from an
increase in gains from  dispositions  of  securities  as  described  above.  The
increase in operating profit at the Communications  Group was primarily a result
of the  increase  in  revenues  from its  various  magazines.  The  increase  in
operating  losses at The Quikset  Organization was primarily due to a decline in
gross margins and increases in selling expenses.




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<PAGE>

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



     The increase in interest  expense in 1995 was  primarily due to an increase
in the interest rates  associated with its Term Loan and Credit Agreement and an
increase  in  borrowings  under its Credit  Agreement  and  Revolver  during the
current period.

     Net gains recognized on the disposition of  available-for-sale  investments
for the nine  months  ended  September  30,  1995 and  September  24,  1994 were
$1,255,000 and $0, respectively.







                                     9 of 11

<PAGE>

                           PART II. OTHER INFORMATION



Item 6.  Exhibits and Reports on Form 8-K

  (a)  Exhibits

         27 - Financial Data Schedule

  (b)  There  were  no  reports  on  Form  8-K  filed for the three months ended
September 30, 1995.







                                    10 of 11

<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:      November 14, 1995                        BY: Karl M. Stockbridge
       --------------------------                       -------------------
                                                        Karl M. Stockbridge
                                                        Executive Vice President




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