BLESSINGS CORPORATION

                                ________________

                           ANNUAL REPORT ON FORM 10-K

                          YEAR ENDED December 30, 1995


<PAGE>


                UNITED STATES SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                    FORM 10K
(Mark One)

(X)      ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE  
         SECURITIES EXCHANGE ACT OF 1934                         $250.00

For the fiscal year ended            December 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                   1-4684
                        ------------------------------------------

                              BLESSINGS CORPORATION
             (Exact name of registrant as specified in its charter)

                Delaware                                  13-5566477
         (State or other jurisdiction of               (I.R.S. Employer
          incorporation or organization)              Identification No.)

       200 Enterprise Drive
       Newport News, Virginia                       23603
(Address of principal executive offices)          (Zip Code)

Registrant's telephone number, including area code: (804)887-2100

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

                                                    Name of each exchange
         Title of each class                         on which registered

Common Stock - Par Value $.71                        American Stock Exchange

------------------------------                      -------------------------

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

                               None
                         (Title of class)


                         (Title of class)


<PAGE>


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 and (2) has been subject to such filing requirements for
the past 90 days. Yes  X .  No    .
                 ---------  -------

     Indicate by check mark if disclosure of delinquent  filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best  of  the  registrant's   knowledge,  in  definitive  proxy  or  information
statements  incorporated  by  reference  in Part  III of this  Form  10-K or any
amendment of this Form 10-K.   X
                            -------

State the aggregate market value of the voting stock held by  non-affiliates  of
the  registrant  as of February  16,  1996 (based on the closing  price of those
shares on the American Stock Exchange).

         Common Stock, par value $.71 per share - $34,618,200

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock as of February 16, 1996.

         Common Stock, par value $.71 - 10,124,054 shares

                                         DOCUMENTS INCORPORATED BY REFERENCE
PART I

   Item  1 - BUSINESS           Pages  2-11 and Note 16 on page 22 of the Annual
                                Re-port  to  Shareholders  for  the  year  ended
                                December 30, 1995.

   Item  2 - PROPERTIES         Notes 4 and 7 on pages  18 and 19 of the  Annual
                                Report  to  Shareholders   for  the  year  ended
                                December 30, 1995.

PART II

   Item  5 - MARKET FOR THE     Note 12 on page 21 of the  Annual  Report to
             REG-STRANT'S       Share-holders for the year ended December 30, 
             COMMON STOCK       1995.           
             AND  RELATED
             SHAREHOLDER                                                      
             MATTERS             
             
   Item  6 - SELECTED           Page 22 of the Annual  Re-port  to  Shareholders
             FINANCIAL DATA     for the year ended December 30, 1995.


<PAGE>


   Item  7 - MANAGEMENT'S DIS-  Pages   23-24   of   the   Annual    Report   to
             CUSSION AND        Shareholders  for the year  ended  December  30,
             ANALYSIS OF        1995.
             FINANCIAL COND-
             ITION AND RESULTS
             OF OPERATIONS


   Item  8 - FINANCIAL STATE-   Pages 12-22 of the Annual Report to Shareholders
             MENTS AND          for the year  ended December 30, 1995.
             SUPPLEMENTARY      
             DATA

PART III

   Item 10 - DIRECTORS AND       Pages 14-16 of the Proxy Statement dated April
             EXECU-TIVE OFFICERS 8, 1996, in connection with its Annual Meeting
             OF THE REGISTRANT   to be held on May 21, 1996.


   Item 11 - EXECUTIVE COMPENSA  Pages 6-14 of the Proxy Statement dated  April
             -TION               8, 1996, in connection with its Annual Meeting
                                 to be held on May 21, 1996.

   Item 12 - SECURITY OWNERSHIP  Pages 2 and 3 of  the  Proxy  Statement  dated
             OF CERTAIN          April 8,  1996, in connection  with its Annual
             BENEFICIAL OWNERS   Meeting  to be held on May 21, 1996.
                                                    


   Item 13 - CERTAIN RELATION-   Pages 14-16 of the Proxy Statement dated April
             SHIPS AND RELATED   8, 1996, in connection with its Annual Meeting
             TRANSACTIONS        to be held on May 21, 1996.

PART IV

   Item 14 - EXHIBITS, FINAN-    Pages 2-22 of the Annual Report to Shareholders
             CIAL STATEMENT      for the year  ended  December  30, 1995.
             SCHEDULES AND                                                   
             REPORTS
             ON  FORM 8-K


<PAGE>


                              BLESSINGS CORPORATION

                          1995 FORM 10-K ANNUAL REPORT

                                TABLE OF CONTENTS

                                                               PAGE

                                     PART I

Item  1. BUSINESS.........................................      1

Item  2. PROPERTIES.......................................      3

Item  3. LEGAL PROCEEDINGS................................      4

Item  4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY
         HOLDERS..........................................      4

                                     PART II

Item  5. MARKET FOR THE REGISTRANT'S COMMON STOCK AND
         RELATED SHAREHOLDER MATTERS......................      7

Item  6. SELECTED FINANCIAL DATA..........................      7

Item  7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF
         FINANCIAL CONDITION AND RESULTS OF OPERATIONS....      7

Item  8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA......      7

Item  9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
         ON ACCOUNTING AND FINANCIAL DISCLOSURES..........      7

                                    PART III

Item 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE
         REGISTRANT.......................................      8

Item 11. EXECUTIVE COMPENSATION...........................      8

Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
         OWNERS AND MANAGEMENT............................      8

Item 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS...      8

                                     PART IV

Item 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND
         REPORTS ON FORM 8-K..............................      9


<PAGE>
                                     PART I

Item  1. BUSINESS

         (a)      General Development of Business

                  Blessings  Corporation  (herein  referred to as "Blessings" or
"company") is a diversified  manufacturer  and supplier of plastic film products
oriented   principally  towards  health  care,   agricultural,   and  industrial
applications.  The company's  operations  can be  characterized  as one business
segment with  domestic and  international  operations  which  produces  extruded
polyethylene and  polypropylene  films through the Edison  Plastics(R)  Division
domestically  and  through  its  60%  owned  subsidiary,   Nacional  de  Envases
Plasticos,  N.A. de C.V., and its associated  companies,  collectively  known as
NEPSA,   in  Mexico.   NEPSA  also  has  a  printing   operation   which  prints
point-of-purchase messages on its products for a variety of packaging end uses.

         (b)      Financial Information about Domestic and International
                  Operations

                  Financial   information   about  domestic  and   international
operations  for each of the three years ended  December 30,  1995,  December 31,
1994  and  January  1,  1994  are  set  forth  in Note  16 of the  notes  to the
Consolidated  Financial  Statements in the Annual Report to Shareholders for the
year ended December 30, 1995 which is incorporated herein by reference.

         (c)      Narrative Description of Business

                               PLASTICS OPERATION

                  The Edison  Plastics  Division is the company's  domestic U.S.
operation  which extrudes  polyethylene  and  polypropylene  films used by major
national-branded  producers of feminine  hygiene  products and  disposable  baby
diapers,  by  hospital / surgical  product  manufacturers  requiring  impervious
barrier  materials,  by  agri-businesses  for crop  improvement  programs and by
various other industrial consumers.

                  Internationally,  the  company  owns  60% of  NEPSA  which  is
located in the Mexico City metropolitan  area. The products of NEPSA are similar
to those  produced in the United  States  with  several  additional  value-added
processes. NEPSA is among the technical leaders in high speed multicolor plastic
film   printing   in  the   Western   Hemisphere,   employing   state-of-the-art
manufacturing  technology  obtained on a world-wide  basis.  NEPSA also converts
films through the application of bag-making  technology into finished  packaging
products.

                  The  following  is an  analysis  of  the  Plastics  Operations
domestic and international sales, and net earnings during the last year:
<PAGE>

                                        52 Wks. Ended             52 Wks. Ended
                                        December 30,              December 31,
                                            1995                      1994
                                        ------------              ------------
Domestic Sales                          $107,877,500              $115,432,400

International Sales                       48,431,900                35,453,400
                                        ------------              ------------
Total Sales                             $156,309,400              $150,885,800
                                        ============              ============
Domestic Net Earnings                   $  5,479,500              $ 12,058,900

International Net
  Earnings                                   405,700                  (119,000)
                                        ------------              ------------
Total Net Earnings                      $  5,885,200              $ 11,939,900
                                        ============              ============

                  Sales to Kimberly-Clark  Corporation  amounted to $72,835,000,
or  46.6%  of total  company  sales  during  1995.  The  loss of  Kimberly-Clark
Corporation  as a customer  would have a material  adverse effect on the company
and its subsidiaries taken as a whole.

                  Downgauging of domestic  diaper  backsheet  products  caused a
decline in unit volume resulting in decreased sales for 1995. In addition, since
NEPSA was acquired in July,  1994,  results  reflect only six months activity in
1994. Due to a weakened  Mexican  economy,  NEPSA sales in 1995 were not at 1994
annual levels.

                  In addition to the lower sales volumes in 1995,  another major
factor depressing overall corporate  profitability was the continuation of high,
yet declining, raw material costs throughout the year. The cost of basic plastic
resins nearly doubled within a relatively  short period of time making full cost
pass-through  to customers  virtually  impossible.  In addition,  peso  currency
declines   against  the  dollar   resulted  in  a  reduction  of  the  company's
consolidated net earnings of $(1,188,200).

                  Despite these  uncontrollable  adverse events, the company has
taken positive  actions to position  itself to compete  favorably in the future.
The  company's  domestic   operations  now  have  a  totally   restructured  and
regionalized  sales and marketing program,  supported by a reorganized  research
and  development  department  which can respond  promptly to changes in customer
specification  and other  market  opportunities.  In Mexico,  NEPSA has  reduced
headcount by 30% and materially improved overall productivity.

                  Additional  information on the operation of the company is set
forth on pages  2-11 in the  Annual  Report to  Shareholders  for the year ended
December 30, 1995 which information is incorporated herein by reference.

<PAGE>
         Competition and Other Information

                  Both of the company's operations operate in highly-competitive
environments  with  virtually  all  activities  competing  with  companies  with
long-established  operating histories and substantial financial resources.  Both
domestic and  international  operations have developed their  competitive  niche
around providing high-quality,  customer-specific  products to customer order at
competitive prices.  Plastic resins, while available from many vendors, in prior
years have been in somewhat  tight supply due to strong  demand  throughout  the
industry.  During the last half of 1995,  increased capacity in the industry has
alleviated supply problems and the tight availability of resins has eased. Other
raw materials and other supplies essential to the business of the company are in
plentiful supply from several sources in the United States. Substantially all of
the company's  manufacturing  and  processing  operations  are run by electrical
energy purchased from local utilities. While energy-related difficulties are not
expected to prevent the company from achieving desired production levels, energy
shortages of extended  duration  could have an adverse  impact on the  company's
operations.  The company's  principal lines of business,  while generally slower
during the summer months,  are not subject to significant  seasonal  variations.
Compliance by the company with federal, state and local environmental protection
laws has essentially no material effect upon capital  expenditures,  earnings or
the  competitive  position of the company.  Patents,  licenses,  franchises  and
concessions  held are not  important in the overall  operations  of the company.
Export sales of the company are not material.

                  Order backlog amounted to approximately seven weeks at the end
of both fiscal 1995 and 1994.  The company is constantly  seeking to develop new
products and to improve its existing products. In this effort, the company spent
approximately $2,163,900, $1,656,600, and $1,664,900 on research and development
activities in fiscal 1995, 1994, and 1993 respectively.

                  The company employs  approximately 440 persons in its domestic
operations  consisting of approximately 420 in Edison Plastics and the remainder
in  the  corporate  office.  NEPSA  employs  approximately  730  persons.  NEPSA
production, warehouse and maintenance employees are represented by labor unions.
None of the company's domestic U.S.  operations are represented by labor unions.
Group   benefit   packages  are  offered  to  employees  in  both  domestic  and
international  operations.  The company  considers its employee  relations to be
good.

<PAGE>
Item  2. PROPERTIES

                  The  executive  offices  of the  company  are  located  at 200
Enterprise Drive, Newport News, Virginia. Domestic U.S. manufacturing,  research
and development,  marketing and administrative support facilities are located in
Georgia,  Oklahoma  and  Virginia.  The company  owns all of its  domestic  U.S.
facilities which are modern, air conditioned,  and suitable and adequate for the
present  activities  of  the  company.  The  company's  NEPSA  operation  leases
manufacturing  and  office  space  in  several  locations  in  the  Mexico  City
metropolitan  area and a warehouse  facility located in Ramos Arispe,  Cohauila,
Mexico.

                  All NEPSA real estate  leases have renewal  options that carry
the leases to July 1, 2014 with the exception of the warehouse facility which is
rented on a month to month  basis.  Current  annual  real estate  rentals  total
approximately $2,024,500.

                  The  company  owns  all of its  buildings  and  machinery  and
equipment free and clear with the following exceptions:

                  Washington,  Georgia, plant and equipment are collateral for a
                  $5,000,000  loan  of  which   $2,250,000  was  outstanding  at
                  year-end.

                  Newport News, Virginia, plant and equipment are collateral for
                  a  $9,000,000  loan of which  $2,700,000  was  outstanding  at
                  year-end.

                  NEPSA, Mexico,  certain machinery and equipment are collateral
                  for Mexico bank loans of which  $2,962,400 was  outstanding at
                  year-end.

                  Additional  information  regarding the company's properties is
set  forth  in  Notes  4 and 7 on  pages  18  and  19 of the  Annual  Report  to
Shareholders  for the year ended December 30, 1995 which is incorporated  herein
by reference.

Item  3. LEGAL PROCEEDINGS

                  In the  ordinary  course  of  business,  the  company  and its
subsidiaries  become involved as defendants in various legal proceedings.  It is
the opinion of the company's  management,  based upon the advice of its counsel,
that the  ultimate  disposition  of any pending  legal  proceedings  will not be
material in relation to the company's consolidated financial position or results
of operations.

Item  4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

                  Not Applicable


<PAGE>
Executive Officers of Blessings

                  The following  executive officers were elected by the Board of
Directors  for the  ensuing  year and  until  their  respective  successors  are
elected:

        Name, Age            Year First               Office and
       and Position         Became Officer        Business Experiences
      -------------         --------------        --------------------

Wayne A. Durboraw, 51           1978        Mr. Wayne A. Durboraw has been
Corporate Controller                        Controller of the company since
                                            joining Blessings Corporation in
                                            June, 1978.

Kenneth J. Hudson, 45           1995        Mr. Hudson joined the company in
Vice President-Human                        January, 1994 as Director of Human 
Resources                                   Resources. In December, 1995, Mr.
                                            Hudson was promoted    to  Vice  
                                            President  of  Human  Resources.
                                            Prior to joining Blessings Corpora-
                                            tion, Mr. Hudson had been employed
                                            by General Electric Company since
                                            1973 serving as Human  Resources
                                            Manager for GE Plasticssince 1991.

James P. Luke, 53*              1977        Mr. James P. Luke was elected Vice
Executive Vice                              President-Finance in August,  1977.
President - Finance                         In February, 1984, he was elected 
Secretary - Treasurer                       Secretary  - Treasurer.  Effective
and Chief Financial                         January, 1988, Mr. Luke was named 
Officer                                     Executive  Vice  President of the
                                            company  and  a  Director  and    
                                            designated Chief Financial Officer
                                            in 1995.  
           
Elwood M. Miller, 51*           1993        Dr. Elwood M. Miller joined the
President and Chief                         company in July, 1993 as Chief
Executive Officer                           Operating  Officer and Director.  
                                            Effective  May,  1994,  Dr. Miller
                                            was  promoted  to  President   and
                                            Chief  Executive  Officer. Prior to
                                            July, 1993, Dr. Miller was employed
                                            by General Electric Company  from 
                                            1971.  His most recent assignments
                                            include the following positions at
                                            General  Electric  Plastics:
                                            1985 - 1989, Director, Tech-nology
                                            -Europe;  1989 - 1991,  General 
                                            Manager of Specialty   Chemicals;
                                            1991  -  1993,  Director, 
                                            Environmental Health and Safety.

Manuel Villarreal, 43*          1994        Mr. Villarreal joined NEPSA in 1976
President and Chief                         and  has  served  in  a  variety of 
Executive Officer of                        executive functions since that time.
Nacional de Envases                         Mr. Villarreal  was promoted to 
Plasticos, S.A. De                          President and Chief Executive
C.V. (NEPSA)                                Officer of NEPSA upon the com-pany's
                                            acquisition of 60% of that
                                            subsidiary in 1994.

*  Member of the Board of Directors
<PAGE>


                                     PART II

Item  5. MARKET FOR THE REGISTRANT'S COMMON STOCK AND RELATED
                          SHAREHOLDER MATTERS

                  Market  for  the   registrant's   common   stock  and  related
shareholder  matters is set forth in Note 12 on page 21 in the Annual  Report to
Shareholders  for the year ended December 30, 1995 which is incorporated  herein
by  reference.  The  registrant's  securities  are traded on the American  Stock
Exchange.

Item  6. SELECTED FINANCIAL DATA

          Selected  financial  data is set forth on page 22 in the Annual Report
to  Shareholders  for the year ended  December  30,  1995 which is  incorporated
herein by reference.

Item  7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
              CONDITION AND RESULTS OF OPERATIONS

                  Management's  discussion  and analysis of financial  condition
and results of  operations  is set forth on pages 23 and 24 in the Annual Report
to  Shareholders  for the year ended  December  30,  1995 which is  incorporated
herein by reference.

Item  8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

                  Financial  statements and supplementary  data are set forth on
pages 12-22 in the Annual Report to Shareholders for the year ended December 30,
1995 which is incorporated herein by reference.


Item  9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
                    ACCOUNTING AND FINANCIAL DISCLOSURES

                  Not Applicable


<PAGE>



                                    PART III

Item 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

                  Information required under this item with respect to directors
is contained on pages 14-16 of the company's Proxy Statement dated April 8, 1996
in  connection  with its  Annual  Meeting  to be held on May 21,  1996  which is
incorporated herein by reference.

                  See also  information  concerning  the  Executive  Officers of
Blessings aforementioned in Part I.

Item 11. EXECUTIVE COMPENSATION

                  Executive  compensation  and  compensation of directors is set
forth on pages 6-14 of the  company's  Proxy  Statement  dated  April 8, 1996 in
connection  with  its  Annual  Meeting  to be  held  on May 21,  1996  which  is
incorporated herein by reference.

Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
                    MANAGEMENT

         (a)      Security Ownership and Certain Beneficial Owners

                  Information  required  under this item is contained on pages 2
and 3 in the company's  Proxy  Statement  dated April 8, 1996 in connection with
its Annual  Meeting to be held on May 21, 1996 which is  incorporated  herein by
reference.

         (b)      Security Ownership of Management

                  Total company common stock owned by all officers and directors
as a group amounted to 6,051,322 shares.  Other information  required under this
item is contained on pages 14-16 in the company's Proxy Statement dated April 8,
1996 in connection  with its Annual  Meeting to be held on May 21, 1996 which is
incorporated herein by reference.

         (c)      Changes in Control

                  The company knows of no contractual  arrangements which may at
a subsequent date result in a change in control of the company.

Item 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

                  Information   regarding  certain   relationships  and  related
transactions  is set forth on pages 14-16 in the company's Proxy Statement dated
April 8, 1996 in connection  with its Annual  Meeting to be held on May 21, 1996
which is incorporated herein by reference.


<PAGE>


                                     PART IV

Item 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS
                                      ON FORM 8-K

         (a)      1.  Financial Statements

                  The following  consolidated  financial statements of Blessings
Corporation  and its  subsidiaries  are included on pages 12-22 of the company's
Annual Report to  Shareholders  for the year ended  December 30, 1995,  which is
incorporated herein by reference:

                                                                     Page (*)
                                                                     --------
  
         Independent Auditors' Report.......................           12

         Consolidated Statements of Earnings - Years
           Ended December 30, 1995, December 31, 1994
           and January 1, 1994..............................           13

         Consolidated Statements of Shareholders'
           Equity - Years Ended December 30, 1995,
           December 31, 1994 and January 1, 1994............           14

         Consolidated Balance Sheets at December 30,
           1995 and December 31, 1994.......................           15

         Consolidated Statements of Cash Flows -
           Years Ended December 30, 1995, December 31,
           1994 and January 1, 1994.........................           16

         Notes to the Consolidated Financial Statements.....         17-22

(*)      Page numbers refer to pages in Annual Report to Shareholders

                  2.  Financial Statement Schedules

                  Selected quarterly financial data for the years ended December
30, 1995 and December  31, 1994 are included on page 22 in the Annual  Report to
Shareholders  for the year ended December 30, 1995 which is incorporated  herein
by reference.

         Independent Auditors' Report..........................     12

         Financial Statement Schedules:

         Schedule II - Valuation and Qualifying Accounts.......    S-1

                  All  other   schedules  are  omitted   because  they  are  not
applicable  or not required or because the required  information  is included in
the consolidated financial statements or notes thereto.


<PAGE>


                  Separate  financial  statements  of 50% or less owned  persons
accounted  for by the equity method which are not shown herein have been omitted
because, if considered in the aggregate, they would not constitute a significant
subsidiary.

                  3.  Exhibits

         Exhibit Number
         --------------
                  2        Stock   Purchase   Agreement   by  and  Among  Manuel
                           Villarreal   Castaneda,   et  al,  as  Sellers,   and
                           Blessings Corporation,  as Purchaser,  dated June 30,
                           1994; filed with the Commission as an Exhibit to Form
                           8-K filed July 8, 1994,  such Exhibit is incorporated
                           herein by reference.
                  3(i)     Certificate of Incorporation of Blessings Corporation
                           with all Amendments  through Amendment dated December
                           15, 1994;  filed with the commission as an Exhibit to
                           Form 10K for the year ended  December 31, 1994,  such
                           Exhibit is incorporated herein by reference.
                  3(ii)    Bylaws of Blessings  Corporation  as amended  through
                           July 8, 1993; filed with the Commission as an Exhibit
                           to Form S-8 Registration  Statement filed October 15,
                           1993,   such  Exhibit  is   incorporated   herein  by
                           reference.
                  4        Not applicable
                  9        Not applicable
                  10(a)    Blessings   Corporation  Cost  Recovery  Supplemental
                           Retirement  Income Plan; filed with the commission as
                           an Exhibit  to Form 10K for the year  ended  December
                           31,  1994,  such  Exhibit is  incorporated  herein by
                           reference.
                  10(b)    Blessings  Corporation  1991 Stock Option Plan; filed
                           with  the  Commission  as  an  Exhibit  to  Form  S-8
                           Registration  Statement  filed  July 15,  1991,  such
                           Exhibit is incorporated herein by reference.
                  10(c)    Blessings Corporation 1993 Incentive Plan; filed with
                           the Commission as an Exhibit to Form S-8 Registration
                           Statement  filed  October 15,  1993,  such Exhibit is
                           incorporated herein by reference.
                  10(d)    1993  Restricted  Stock  Plan  for  Non-Employee  and
                           Certain  Other  Directors of  Blessings  Corporation;
                           filed with the  Commission  as an Exhibit to Form S-8
                           Registration  Statement  filed October 17, 1994, such
                           Exhibit is incorporated herein by reference.
                  10(e)    Blessings  Corporation 1993 Restricted Stock Plan for
                           Key Employee; filed with the Commission as an Exhibit
                           to Form S-8 Registration  Statement filed October 17,
                           1994,   such  Exhibit  is   incorporated   herein  by
                           reference.


<PAGE>


                  10(f)    Term Loan  Agreement  dated August 18, 1994,  between
                           Chase  Manhattan  Bank, N.A. and First Fidelity Bank,
                           N.A., filed with the commission as an Exhibit to Form
                           10K  for the  year  ended  December  31,  1994,  such
                           Exhibit is incorporated herein by reference.
                  10(g)    Revolving  Credit  Agreement  dated October 16, 1995,
                           between  Wachovia  Bank of  Georgia,  N.A.  and First
                           Fidelity Bank,  N.A.; filed with the commission as an
                           Exhibit to Form 10K for the year ended  December  30,
                           1995,   such  Exhibit  is   incorporated   herein  by
                           reference.
                  10(h)    Credit  Agreement  dated  October 19,  1990,  between
                           Chase Manhattan Bank, N.A.; filed with the commission
                           as an Exhibit to Form 10K for the year ended December
                           31,  1994,  such  Exhibit is  incorporated  herein by
                           reference.
                  10(i)    Credit Agreement dated August 7, 1990,  between Chase
                           Manhattan Bank, N.A.; filed with the commission as an
                           Exhibit to Form 10K for the year ended  December  31,
                           1994,   such  Exhibit  is   incorporated   herein  by
                           reference.
                  11       Not required - explanation  of earnings per share
                           computation  is contained in Notes to Consolidated 
                           Financial Statements
                  12       Not applicable
                  13       Blessings  Corporation  Annual Report to Shareholders
                           for the year ended December 30, 1995 - filed herewith
                  16       Not applicable
                  18       Not applicable
                  21       Subsidiaries of Blessings Corporation -filed herewith
                  22       Not applicable
                  23       Not applicable
                  99       Proxy Statement for 1996 Annual Meeting of 
                           Shareholders - filed herewith

         (b)      Reports on Form 8-K

                  There  were no  reports  on Form  8-K  for the  quarter  ended
December 30, 1995.


<PAGE>


INDEPENDENT AUDITORS' REPORT


To the Board of Directors and Shareholders
Blessings Corporation
Newport News, Virginia

We have audited the consolidated  financial statements of Blessings  Corporation
and  subsidiaries as of December 30, 1995 and December 31, 1994, and for each of
the three years in the period ended December 30, 1995 and have issued our report
thereon dated  February 20, 1996;  such  consolidated  financial  statements and
report are included in your December 30, 1995 Annual Report to Shareholders  and
are incorporated herein by reference.  Our audits also included the consolidated
financial statement schedules of Blessings  Corporation listed in Item 14. These
consolidated  financial  statement  schedules  are  the  responsibility  of  the
Corporation's  management.  Our responsibility is to express an opinion based on
our audits. In our opinion,  such consolidated  financial  statement  schedules,
when considered in relation to the basic financial  statements taken as a whole,
present fairly, in all material respects, the information set forth therein.



Deloitte & Touche LLP
Richmond, VA
February 20, 1996


<PAGE>
Pursuant to the  requirements of Section 13 or 15(d) 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.


                              BLESSINGS CORPORATION
                                  (Registrant)

DATED:  March 23, 1996

                             By /s/Elwood M. Miller
                                -----------------------------
                                Elwood M. Miller
                                President and Chief Executive
                                Officer, Director

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been executed below by the following persons on behalf of the registrant and
in the capacities and on the dates indicated.

      Signature                    Title                  Date
      ---------                    -----                  ----
                           President and Chief
                           Executive Officer
/s/Elwood M. Miller        Director                    March 23, 1996
------------------------                               --------------
Elwood M. Miller

                           Chairman of the Board
/s/John W. McMackin        Director                    March 23, 1996
------------------------                               --------------
John W. McMackin

                           Executive Vice President
                           Secretary-Treasurer and
                           Chief Financial Officer
/s/James P. Luke           Director                    March 23, 1996
------------------------                               --------------
James P. Luke


/s/Wayne A. Durboraw       Controller                  March 23, 1996
------------------------                               --------------
Wayne A. Durboraw


/s/Leonard Birnbaum        Director                    March 23, 1996
------------------------                               --------------
Leonard Birnbaum


/s/Joseph P. Harkins       Director                    March 23, 1996
------------------------                               --------------
Joseph J. Harkins


/s/Otto E. Scherer         Director                    March 23, 1996
------------------------                               --------------
Otto E. Scherer


/s/J. Donovan Williamson   Director                    March 23, 1996
------------------------                               --------------
J. Donovan Williamson
<PAGE>
<TABLE>
<CAPTION>

                                                                                             S-1
                                       BLESSINGS CORPORATION AND SUBSIDIARIES
                                   SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS




           COLUMN A                COLUMN B             COLUMN C                                COLUMN D               COLUMN E
------------------------------ ------------------ ---------------------------------------- ------------------- ---------------------
                              

                                                                    Additions
                                                  ---------------------------------------- 


                                                            (1)                 (2)

                                  Balance at              Charged           Charged to                                   Balance

                                  Beginning              To Costs             Other             Deductions                at End
         Description
                                  Of Period            And Expenses         Accounts               (A)                  Of Period
------------------------------ ------------------ --------------------- ------------------ ------------------- ---------------------
<S>                               <C>                   <C>                  <C>                <C>                     <C>

YEAR ENDED December 30, 1995:

     Allowance for doubtful
     accounts receivable          $1,170,700            $166,900              --                ($165,000)              $1,172,600
                                  ==========            ========          ==========            ==========              ==========

YEAR ENDED December 31, 1994:

     Allowance for doubtful
     accounts receivable            $891,400            $398,900              --                ($119,600)              $1,170,700
                                  ==========            ========          ==========            ==========              ==========

YEAR ENDED January 1, 1994:

     Allowance for doubtful
     accounts receivable          $2,128,000            $110,400              --              ($1,347,000)                $891,400
                                  ==========            ========          ==========          ============              ==========

(A) Write-offs during year

</TABLE>
<PAGE>




                   EXHIBIT 21 - SUBSIDIARIES OF THE REGISTRANT


                                      State (Country) of   Percentage of Voting
Name of Company                         Incorporation        Securities Owned
---------------                       ------------------   --------------------

Edison Plastics International, Inc.     Delaware                  100%

Edison Exports, Inc. FSC Limited        Jamaica                   100%

ASPEN Industrial, S.A. de C.V.          Mexico                    100%

Nacional de Envases Plasticos,
    S.A. de C.V.                        Mexico                     60%

Mexicana de Tintas, S.A.                Mexico                     60%

Plastihul, S.A. de C.V.                 Mexico                     60%

Hermes Industrial, S.A. de C.V.         Mexico                     60%