SECURITIES AND EXCHANGE COMMISSION
		                      	  Washington, D.C.  20549
				                            FORM 10-Q
				  

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


          		For the quarterly period ended December 31, 1995
		
		                        		      OR
				      
		        TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF
	             	    THE SECURITIES EXCHANGE ACT OF 1934
		    
			                   Commission File Number 1-8086
		       
		                 GENERAL DATACOMM INDUSTRIES, INC.
	          (Exact name of registrant as specified in its charter)
				  
	   Delaware                                   06-0853856              
(State or other jurisdiction of              (I.R.S. Employer
incorporation or organization)             Identification No.)
	   
  Middlebury, Connecticut                        06762-1299
(Address of principal executive offices)         (Zip Code)
	   
   Registrant's phone number, including area code:  (203) 574-1118
   
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

Indicate the number of shares outstanding of each of the
issuer's classes of common stock, as of the latest practicable
date:
	   
                                		 Number of Shares Outstanding
       Title of Each Class             at December 31, 1995        
						
Common Stock, $.10 par value                        18,407,120
Class B Stock, $.10 par value                        2,193,983
	   
	           Total Number of Pages in This Document is 14. 

<PAGE> 2

             		       GENERAL DATACOMM INDUSTRIES, INC.
			                         AND SUBSIDIARIES
				                            INDEX
						                                                      	 Page No.
      
Part I.  Financial Information

	 Consolidated Balance Sheets -
	 December 31, 1995 and September 30, 1995                          3          
	 
	 Consolidated Statements
	 of Operations and 
	 Earnings Reinvested - For the Three 
	 Months Ended December 31, 1995 and 1994                           4

	 Consolidated Statements of Cash Flows - For the
	 Three Months Ended December 31, 1995 and 1994                     5

	 Notes to Consolidated Financial Statements                        6
 
	 Management's Discussion and Analysis
	 of Financial Condition and Results of Operations                  9
     
Part II.  Other Information
     
	 Item 6.  Exhibits and Reports on Form 8-K                        13

                         				       - 2 -

<PAGE> 3
            	       PART I.  FINANCIAL INFORMATION 
	                  GENERAL DATACOMM INDUSTRIES, INC.   
		                       AND SUBSIDIARIES            
	                    CONSOLIDATED BALANCE SHEETS
			               		      (Unaudited)
					      
<TABLE>                                              
<CAPTION>
					                                           December 31,   September 30,
In thousands except shares                            1995      1995
<S>                                                   <S>        <S>
ASSETS:
 Current assets:
   Cash and cash equivalents                           $14,157   $18,443
   Accounts receivable, less allowance for doubtful
    receivables of $1,746 in December and    
    $1,704 in September                                 40,626    43,033
   Inventories                                          43,174    44,958
   Deferred income taxes                                 3,612     3,612
   Other current assets                                  6,897     6,054
							                                                  -----     -----
 Total current assets                                  108,466   116,100
						                                                 -------   -------
   Property, plant and equipment                       126,258   126,959
   Less: accumulated depreciation and amortization      79,500    80,237
						                                                 -------   -------
 Total property, plant and equipment                    46,758    46,722
   Capitalized software development costs, net 
   of accumulated amortization of $15,637 in December 
   and $13,577 in September                             23,407    23,407
 Other assets                                           12,263    12,159
					                                                 		------   ------- 
						                                                $190,894  $198,388
						                                                 -------   -------
LIABILITIES AND STOCKHOLDERS' EQUITY:
 Current liabilities:
   Current portion of long-term debt                    $5,455   $12,598
   Accounts payable, trade                              14,055    11,023
   Accrued payroll and payroll-related costs             8,338     6,173
   Deferred income                                       5,251     6,495
   Other current liabilities                            16,295    16,524
			                                                  			------    ------
 Total current liabilities                              49,394    52,813
					                                                 		------    ------
 Long-term debt, less current portion                   22,205    23,435
 Deferred income taxes                                   4,467     4,469
 Other liabilities                                         459       586
				                                                 			------    ------
 Total liabilities                                      76,525    81,303
							                                                 ------    ------
 Commitments and contingent liabilities                     -         - 
 Stockholders' equity:
   Capital stock, par value $.10 per share, 
   issued: 21,263,509 shares in December and 
   21,122,209 shares in September                        2,126     2,112
   Capital in excess of par value                      128,626   128,076
   Deficit                                              (9,044)   (6,153)
   Cumulative foreign currency translation 
     adjustment                                         (2,435)   (2,026)
   Common stock held in treasury, at cost:
    662,406 shares in December and 673,674   
     shares in September                                (4,904)   (4,924)
						                                                 --------  -------
 Total stockholders' equity                            114,369   117,085
					                                                  -------   -------
						                                                $190,894  $198,388
						                                                 --------  --------
</TABLE>

The accompanying notes are an integral part of these consolidated financial 
statements.
				                              -3-                                         
<PAGE> 4                
	       
		
		                       GENERAL DATACOMM INDUSTRIES, INC. 
	                         		   AND SUBSIDIARIES
  CONSOLIDATED STATEMENTS OF OPERATIONS AND EARNINGS REINVESTED (DEFICIT)
			                               (Unaudited)
<TABLE>
<CAPTION>
                                   					       Three Months Ended
						                                            December 31,
In thousands, except per share data               1995     1994
<S>                                            <S>      <S>
Revenues:
Net product sales                              $48,217  $47,788
  Service revenue                                9,956    8,987
  Lease revenue                                  1,626    1,447
						                                          ------   ------
			                                          			59,799   58,222
		                                           			------   ------
Costs and expenses:
  Cost of product sales                         22,918   22,265
  Amortization of capitalized
   software development costs                    2,600    2,800
  Cost of services                               6,964    5,800
  Cost of lease revenue                            216      168
  Selling, general and administrative           21,445   20,583
  Research and product development               7,690    5,887
				                                          		------   ------
			                                          			61,833   57,503
			                                          			------   ------
Operating income (loss)                         (2,034)     719
	                                          					------   ------
Other income (expense):
  Interest                                        (437)    (986)
  Other, net                                      (120)    (238)
			                                          			------   ------
						                                            (557)  (1,224)
                                                -------  ------
Loss before income taxes                        (2,591)    (505)
Income tax provision                               300      300
					                                          -------   ------
Net loss                                       ($2,891)   ($805)
					                                          -------   ------
Earnings reinvested (deficit) at beginning of   
  period                                        (6,153)  21,477
				                                   	       -------   ------
Earnings reinvested (deficit) at end of period ($9,044) $20,672
                                    					      =======  =======
Loss per share                                  ($0.14)  ($0.04)
					                                          =======  =======
Weighted average number of common and
 common equivalent shares outstanding           20,499   18,198
                                    				       =======   ======
</TABLE>

The accompanying notes are an integral part of these consolidated 
financial statements.
                         			      - 4 -
<PAGE> 5

            		      GENERAL DATACOMM INDUSTRIES, INC.                         
			                       AND SUBSIDIARIES                                  
		               CONSOLIDATED STATEMENTS OF CASH FLOWS
			                        (Unaudited)
<TABLE>
<CAPTION>

			   Increase (Decrease) in Cash and Cash Equivalents
		                                                 Three Months Ended
                                         							    December 31,
In thousands                                       1995     1994
<S>                                                <S>        <S>
Cash flows from operating activities:
  Net (loss)                                       ($2,891)   ($805)
  Adjustments to reconcile loss to net
    cash provided by operating activities:
	  Depreciation and amortization                     6,098    5,499
	  Decrease in accounts receivable                   2,247    5,997
	  (Increase) decrease in inventories                1,573   (5,986)
	  Increase in accounts payable
	     and accrued expenses                           4,854    2,612
	  (Increase) in other net current assets           (2,018)  (3,470)
	  (Increase) in other net long-term assets           (577)  (1,170)
							                                             -------   ------
Net cash provided by operating activities            9,286    2,677
					                                          		   -------   ------
Cash flows from investing activities:
      Acquisition of property, plant & equipment    (3,170)  (2,782)
      Capitalized software development costs        (2,600)  (3,495)
						                                          	   -------  -------
Net cash (used) by investing activities             (5,770)  (6,277)
Cash flows provided by financing activities:
      Revolver borrowings                                0   19,000
      Revolver repayments                                0  (35,200)
      Proceeds from notes and mortgages                 28    1,650
      Principal payments on notes and mortgages     (8,375)  (1,435)
      Proceeds from issuing common stock               584   58,788
							                                              ------   ------
Net cash provided (used) by financing activities    (7,763)  42,803
							                                              ------   ------
Effect of exchange rates on cash                       (39)    (341)
							                                              ------   ------
Net increase (decrease) in cash and cash equivalents (4,286)  38,862
Cash and cash equivalents at beginning of period-1)  18,443    2,939
					                                           		   ------   ------
Cash and cash equivalents at end of period-1)       $14,157  $41,801
                                           							  =======  =======

</TABLE>

(1 - The Corporation considers all highly liquid investments purchased with 
a maturity of three months or less to be cash equivalents.  

The accompanying  notes are an integral part of these consolidated financial 
statements.
					 
                               				 -5-

<PAGE> 6
 
               		   GENERAL DATACOMM INDUSTRIES, INC.
                       			 AND SUBSIDIARIES

            	NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

NOTE 1.     BASIS OF PRESENTATION       

	    In the opinion of management, the accompanying unaudited
	    consolidated financial statements contain all adjustments 
	    necessary to fairly present the financial position of General 
	    DataComm Industries, Inc. and subsidiaries (the "Corporation") 
	    as of December 31, 1995, the results of operations for the 
	    three months ended December 31, 1995 and 1994 and the cash flows 
	    for the three months ended December 31, 1995 and
	    1994.  

	    Such adjustments are generally of a normal recurring nature and
	    include adjustments to certain accruals and asset reserves to
	    appropriate levels.

	    The consolidated financial statements contained herein should
	    be read in conjunction with the consolidated financial statements 
	    and related notes thereto filed with Form 10-K for the year ended 
	    September 30, 1995. 
			 
 NOTE 2.    INVENTORIES
 
 Inventories consist of (in thousands):
	    
                    		     December 31, 1995    September 30, 1995
 
 Raw materials                 $17,715                       $19,466
 Work-in-process                 5,784                         5,801          
 Finished goods                 19,675                        19,691
	                      		       -------                       -------
     Total                     $43,174                       $44,958
                               =======                       =======
NOTE 3. LONG-TERM DEBT 

	Long-term debt consists of the following (in thousands):
	
                   			     December 31, 1995      September 30, 1995

Notes payable                  $14,070                      $22,179
Mortgages payable               12,848                       13,018
Capital lease obligations          742                          836
                            				------                       ------
                            				27,660                       36,033

Less:  current portion           5,455                       12,598
                     			       -------                       ------
                     			      $ 22,205                      $23,435
                              ========                      =======
        
                             					  -6-
<PAGE> 7

		                       GENERAL DATACOMM INDUSTRIES, INC.
                     			     AND SUBSIDIARIES

          	 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

NOTE 3.  LONG-TERM DEBT (continued)

	 Revolving Credit Loan

	 On November 30, 1995, the Corporation entered into an amended
	 agreement with The Bank of New York Commercial Corporation to
	 provide a revolving credit facility maturing in November 1998 in
	 the amount of $25,000,000 with availability subject to a
	 borrowing base formula.  The facility provides for a sub-limit
	 of $5,000,000 for letters of credit.  The amended agreement
	 provides for interest on outstanding borrowings to be charged,
	 at the Corporation's option, at either (1) the prime rate plus
	 3/4 of 1% (on December 31, 1995, the prime rate was 8.5%), or
	 (2) 2.75% over LIBOR for terms of 1, 2, 3 or 6 months (on
	 December 31, 1995, these LIBOR rates ranged from 5.38% to 5.56%).
	
	 The agreement also requires conformity with various financial
	 covenants, the most restrictive of which includes minimum
	 tangible net worth and a fixed charge coverage ratio.  Certain
	 assets of the Corporation, including most accounts receivable
	 and inventories, are pledged as collateral.  The amount of
	 borrowing is predicated on satisfying a borrowing base formula
	 related to levels of certain accounts receivable and
	 inventories.  This amended agreement replaced the prior
	 revolving credit agreement that also provided for borrowings of
	 up to $25,000,000 and a sub-limit of $5,000,000 for letters of
	 credit.  Although there were no borrowings outstanding, there
	 were $957,000 of letters of credit outstanding as of December
	 31, 1995.
	 
Notes Payable

	 On June 1, 1994, the Corporation refinanced $8,000,000 of a note
	 payable, previously maturing January 2, 1995, with The Bank of
	 New York as lender and agent for other institutions by incorporating
  term loan provisions and additional collateral into the previous revolving 
	 credit agreement.  In conjunction with the amended revolving credit 
	 loan mentioned above, this note, in the amount of $6,625,000, was 
	 paid in its entirety on November 30, 1995.
		     
                                				  -7-
<PAGE> 8

              		  GENERAL DATACOMM INDUSTRIES, INC.
		                       	 AND SUBSIDIARIES

         	NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
			 
NOTE 4. PROPERTY, PLANT AND EQUIPMENT

	Property, plant and equipment consists of the following (in
	thousands):
	
	                       			  December 31, 1995   September 30, 1995
 
    Land                              $1,759               $  1,764
    Buildings and improvements        28,067                 27,894
    Test equipment, fixtures and
     field spares                     50,296                 50,632
    Machinery and equipment           46,137                 46,669
	                            			      ------                  -----
				                                 126,258                126,959
Less:  accumulated depreciation
  and amortization                    79,500                 80,237
	                            			      ------                 ------
 								
				                                $ 46,758               $ 46,722
				                                ========               ========

                       				      -8-
<PAGE> 9
               		 GENERAL DATACOMM INDUSTRIES, INC.
                     			 AND SUBSIDIARIES

   	MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
		                 AND RESULTS OF OPERATIONS
		    
GENERAL DISCUSSION

Total revenues for the first fiscal quarter were $1.5 million
higher than the preceding fourth fiscal quarter and $1.6 million
higher than the same quarter one year ago, but did not achieve
anticipated levels.  Shipments of ATM products, more than double
the level in the same quarter one year ago, were in line with
expectations.  The Transmission product segment recorded the
largest decline compared to the first quarter of fiscal 1995 due
primarily to lower sales of private-line analog modems, although
such sales have not declined significantly in more recent
quarters.  The Transmission product segment is also experiencing
the initial adverse effects of a sales organization
restructuring designed to shift focus toward distributors and
value-added resellers.  Transmission product sales should
improve as the new organization becomes more effective.

The lower-than-planned revenues contributed to a loss of $(2.9)
million in the first fiscal quarter.    

In addition, the Corporation continues to increase investments
in marketing and engineering resources to promote and develop
products for the emerging ATM technology applications.  The
Corporation expects ATM business will continue to grow and in
the longer-term has the potential to deliver substantially
higher revenues.

Cash flows from operations were positive in the quarter and the
Corporation was able to repay a $6.3 million term loan, while
maintaining cash deposits of $14.2 million and an additional
$3.2 million in escrow cash deposits available to satisfy future
real estate lease payments.
	
                             				  -9-
<PAGE> 10                                  

RESULTS OF OPERATIONS

The following table sets forth selected consolidated financial
data stated as a percentage of total revenues (unaudited):

                                   					    Three months ended   
					                                         December 31,          
					                                       1995         1994     

Revenues:
 Net product sales                          80.6%        82.1% 
 Service revenue                            16.7         15.4     
 Leasing revenue                             2.7          2.5     
	                                    				    ----         ----
 				                                  	   100.0        100.0              
				                                    	   =====        =====
Costs and expenses:
 Cost of revenues                           50.3         48.5        
 Amortization of capitalized software
  development costs                          4.3          4.8     
 Selling, general and administrative        35.9         35.4       
 Research and product development           12.9         10.1  
				                                        ----         ----
Operating income (loss)                     (3.4)         1.2       
                                            ----         ----
Net (loss)                                  (4.8)%      (1.4)%    
                                  					     =====        ====

For the first quarter of fiscal 1996 as compared to the first
quarter of fiscal 1995, net product sales increased slightly by
$429,000, or 0.9%, service revenue was up $969,000, or 10.8%,
and leasing revenue increased $179,000, or 12.4%. The
composition of product shipments changed both geographically,
where a 27% increase in international shipments was largely
offset by a 14% decline in domestic shipments, and in product
mix, where ATM product shipment growth offset declines primarily in
private line analog products.  Service revenues increased on certain 
foreign orders requiring installation and training.
					 
Gross margin as a percent of revenues (which excludes
amortization of capitalized software development costs) declined
1.8%, from 51.5% in the first quarter of fiscal 1995 to 49.7% in
the first quarter of fiscal 1996. Service margins accounted for
0.9% of the decline due to utilizing subcontract service
providers at certain foreign locations. In addition, high
startup costs associated with the APEX ATM product family and
reduced sales prices, particularly on certain private line
analog products, contributed to the further 0.9% decline. 
					 
Amortization of capitalized software development costs declined
slightly from $2.8 million in the quarter ended December 31,
1994 to $2.6 million in the quarter ended December 31, 1995. 
This decline in amortization increased operating income by 0.5%.
					 
                        			 -10-
<PAGE> 11

Selling, general and administrative expenses increased from
$20.6 million in the first quarter of fiscal 1995 to $21.4
million in the first quarter of fiscal 1996.  This net increase
of $862,000 million, or 4.2%, is primarily due to a growing APEX
ATM marketing organization and related product launch expenses,
expansion of international sales activities and normal
compensation increases. Selling, general and administrative expenses
increased to 35.9% of revenues in the fiscal 1996 quarter from
35.4% of revenues in the fiscal 1995 quarter.
	     
Research and product development spending, before consideration
of capitalized software development costs, increased to $10.3
million, or 17.2% of revenues, in the first quarter of fiscal
1996 from $9.4 million, or 16.1% of revenues, in the comparable
quarter one year ago.  This increase of $908,000, or 9.7%,
reflects continued investment in ATM development in three
research centers: the Montreal Research Center (Canada);
Advanced Research Centre (UK); and the domestic ATM Product
Development Group (CT, USA).  The timing, technical complexity
and nature of ATM software development projects contributed to a
reduction in the capitalization of software development costs to
$2.6 million in the first quarter of fiscal 1996 compared to
$3.5 million in the same quarter one year ago and, as a
percentage of total research and development spending, such
capitalized costs fell to 25.3% of total spending in the first
quarter of fiscal 1996 from 37.3% of total spending in the same
quarter one year ago.  
	     
Net interest expense in the quarter ended December 31, 1995
decreased $547,000 from the comparable period one year ago. 
This amount included $243,000 of interest income on a higher
level of short-term investments made in the quarter ended
December 31, 1995 as compared to interest income of $86,000 in
the quarter ended December 31, 1994.  Lower debt levels
accounted for the additional reduction in net interest expense.
	     
The Corporation recorded an income tax provision, principally
for state and foreign taxes, of $300,000 in the first quarter of
fiscal 1996 and 1995.  
	     
LIQUIDITY AND CAPITAL RESOURCES

The Corporation's cash and cash equivalents were $14.2 million
at December 31, 1995, compared to $18.4 million at September 30,
1995.  Bank debt was reduced to $27.7 million at December 31,
1995, as compared to $36.0 million at September 30, 1995.  Also,
the Corporation has accumulated $3.2 million ($2.9 million at
September 30, 1995) of cash on deposit in an escrow account,
which is available to pay certain real estate lease obligations
beginning in March 1996.
	     
Operating

During the three months ended December 31, 1995, the Corporation's operating 
activities generated cash of $9.3 million compared to $2.7 million in the 
same period one year ago.

Non-debt working capital, excluding cash and cash equivalents,
decreased $7.0 million to $50.4 million at December 31, 1995. 
This decrease resulted primarily from a decrease in accounts
receivable and inventory combined with an increase in current
liabilities.   Accounts receivable
 
                  			      -11-
   
<PAGE> 12

decreased $2.4 million in the first quarter of fiscal 1996 to
$40.6 million at December 31, 1995 due to more favorable
collection activities. Inventory levels decreased by $1.8
million, while accounts payable and accrued payroll increased
$3.1 million and $2.1 million, respectively, due to the timing
of the related cash obligations. 

Investing

Net investments in property, plant and equipment for the
three-month period ended December 31, 1995 increased $0.4
million to $3.2 million from $2.8 million in the prior fiscal
year's period, principally for equipment used in research and
development and for spare parts for the service organizations.
As mentioned above, investments in capitalized software
development were $2.6 million in fiscal 1996 compared to $3.5
million in the same period one year ago. 

Financing

Financing activities during the three-month period ended
December 31, 1995 required the use of $7.8 million in cash, $6.3
million for the repayment of a term loan and $2.1 million for
principal payments on notes and mortgages offset by $0.6 million
of cash proceeds from the exercise of stock options.

On November 30, 1995, the Corporation entered into an amended
agreement with The Bank of New York Commercial Corporation to
provide a revolving credit facility maturing in November 1998 in
the amount of $25,000,000 with availability subject to a
borrowing base formula.  The facility provides for a sub-limit
of $5,000,000 for letters of credit.  The amended agreement
provides for interest on outstanding borrowings to be charged,
at the Corporation's option, at either (1) the prime rate plus
3/4 of 1%  (on December 31, 1995,  the prime rate was 8.5%), or
(2) 2.75% over LIBOR for terms of 1, 2, 3 or 6 months (on
December 31, 1995, these LIBOR rates ranged from 5.38% to 5.56%).

The agreement also requires conformity with various financial
covenants, the most restrictive of which includes minimum
tangible net worth and a fixed charge coverage ratio.  Certain
assets of the Corporation, including most accounts receivable
and inventories, are pledged as collateral.  The amount of
borrowing is predicated on satisfying a borrowing base formula
related to levels of certain accounts receivable and
inventories.  This amended agreement replaced the prior
revolving credit agreement that also provided for borrowings of
up to $25,000,000 and a sub-limit of $5,000,000 for letters of
credit.  Although there were no borrowings outstanding, there
were $957,000 of letters of credit outstanding as of December
31, 1995.

                                  			  -12-
<PAGE> 13
	 
           	       GENERAL DATACOMM INDUSTRIES, INC. 
                 		     AND SUBSIDIARIES

Part II.  Other Information

 Item 6.     Exhibits and Reports on Form 8-K
      	     (a) Index of Exhibits

	     11.  Calculation of Earnings Per Share for the three-month
       		  periods ended December 31, 1995 and 1994.

	     (b) Reports on Form 8-K

	     No reports on Form 8-K were filed during the quarter for which
	     this report is filed.
	     

                          			   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.

                      				       GENERAL DATACOMM INDUSTRIES, INC.
						                                      (Registrant)
				                             __________________________________
				                              William S. Lawrence
				                              Senior Vice President and 
				                              Principal Financial Officer

Dated:  February 13, 1996

                            				 -13-