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

                                 FORM 10-Q

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

        For the Quarterly Period Ended March 31, 1999
                               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 No. 1-8183

                           SUPREME INDUSTRIES, INC.
           (Exact name of registrant as specified in its charter)

            Delaware          	                    75-1670945 
(State or other jurisdiction of	        (I.R.S. Employer Identification 
incorporation or organization)	         No.) 

          65140 U.S. 33 East, P.O. Box 237, Goshen, Indiana  46528
                 (Address of principal executive offices)

Registrant's telephone number, including area code:  (219) 642-3070 

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.

     Common Stock ($.10 Par Value)       Outstanding at May 7, 1999  
               Class A                           9,819,305 
               Class B                           1,682,328

The index to Exhibits is at page 15 in the sequential numbering system.  
Total number of pages: 15.

                                Page 1 of 15

                         SUPREME INDUSTRIES, INC.

                                 CONTENTS

                                                                 Page No.

PART I.    FINANCIAL INFORMATION

  Item 1.  Financial Statements:

           Consolidated Balance Sheets                            3 & 4

           Consolidated Statements of Income                          5

           Consolidated Statements of Cash Flows                      6

           Notes to Consolidated Financial Statements             7 & 8


  Item 2.  Management's Discussion and Analysis of               9, 10,
           Financial Condition and Results of Operations        11 & 12



PART II.   OTHER INFORMATION

  Item 4.  Submission of Matters to a Vote of Security
           Holders                                                   13


  Item 6.  Exhibits and Reports on Form 8-K                          13

           Signatures                                                14

           Index to Exhibits                                         15

                                Page 2 of 15

                        Part I. Financial Information
                         Item 1. Financial Statements

Supreme Industries, Inc. and Subsidiaries
Consolidated Balance Sheets

                                                 March 31,       December 31,
                                                   1999              1998
                                               --------------    ------------
Assets                                           (Unaudited)

Current assets:
  Cash and cash equivalents..................         $65,344         $185,424
  Accounts receivable, net...................      26,911,791       28,709,559
  Inventories................................      36,123,983       28,792,650
  Deferred income taxes......................       1,081,839        1,081,839
  Other current assets.......................       1,381,165        1,465,237
                                                -------------    -------------
     Total current assets....................      65,564,122       60,234,709
                                                -------------    -------------

Property, plant and equipment, at cost.......      51,320,369       50,030,906
     Less, Accumulated depreciation and 
       amortization..........................      19,378,273       18,688,584
                                                -------------    -------------
     Property, plant and equipment, net......      31,942,096       31,342,322


Intangible assets, net.......................       1,451,248        1,502,076
Other assets.................................         977,434          991,947
                                                -------------    -------------
     Total assets............................     $99,934,900      $94,071,054
                                                =============    =============

The accompanying notes are a part of the consolidated financial statements.

                                Page 3 of 15

Supreme Industries, Inc. and Subsidiaries
Consolidated Balance Sheets, Concluded


                                                 March 31,       December 31,
                                                   1999              1998
                                               -------------     ------------
Liabilities and Stockholders' Equity            (Unaudited)

Current liabilities:
  Current maturities of long-term debt.......     $1,764,973        $2,014,975
  Trade accounts payable.....................     11,465,586        10,235,964
  Accrued income taxes.......................      2,450,284           961,628
  Other accrued liabilities..................      7,390,493         7,736,198
                                               -------------     -------------
     Total current liabilities...............     23,071,336        20,948,765

Long-term debt...............................     19,649,592        18,303,207

Deferred income taxes........................      1,333,007         1,333,007
                                               -------------     -------------
     Total liabilities.......................     44,053,935        40,584,979


Stockholders' equity.........................     55,880,965        53,486,075
                                               -------------     -------------

     Total liabilities and stockholders' 
       equity................................    $99,934,900       $94,071,054
                                               =============     =============

The accompanying notes are a part of the consolidated financial statements.

                                Page 4 of 15

Supreme Industries, Inc. and Subsidiaries
Consolidated Statements of Income (Unaudited)

                                                     Three Months Ended
                                                          March 31,
                                               -------------    --------------
                                                    1999              1998
                                               -------------    --------------
Revenues....................................     $56,376,042       $55,493,345

Costs and expenses:
  Cost of sales.............................      46,834,398        46,120,374
  Selling, general and administrative.......       5,154,775         4,946,225
  Interest..................................         339,004           417,013
                                               -------------     -------------
                                                  52,328,177        51,483,612
                                               -------------     -------------
     Income before income taxes.............       4,047,865         4,009,733

Income taxes................................       1,650,000         1,622,000
                                               -------------     -------------
     Net income.............................      $2,397,865        $2,387,733
                                               =============     =============

Earnings per share:
     Basic..................................            $.21              $.21
     Diluted................................             .21               .21

Shares used in the computation of earnings 
  per share:
     Basic..................................      11,427,113        11,447,338
     Diluted................................      11,509,333        11,549,796

The accompanying notes are a part of the consolidated financial statements.

                                Page 5 of 15

Supreme Industries, Inc. and Subsidiaries
Consolidated Statements of Cash Flows (Unaudited)

                                                    Three Months Ended
                                                          March 31,
                                               -------------     ------------
                                                   1999              1998
                                               -------------     ------------
Cash flows from operating activities:
  Net income.................................     $2,397,865       $2,387,733
  Adjustments to reconcile net income to net
    cash provided by operating activities:
      Depreciation and amortization..........        771,076          732,620
      (Gain) loss on disposal of equipment...         (2,317)          84,087
      Changes in operating assets and 
        liabilities..........................     (3,076,920)      (7,548,434)
                                               -------------     ------------
     Net cash provided by (used in) operating 
       activities............................         89,704       (4,343,994)
                                               -------------     ------------
Cash flows from investing activities:
  Additions to property, plant and equipment.     (1,321,030)      (2,068,787)
  Proceeds from disposal of property, plant 
    and equipment............................          3,325          108,900
  Decrease in other assets...................         14,513           23,045
                                               -------------     ------------
     Net cash (used in) investing activities.     (1,303,192)      (1,936,842)
                                               -------------     ------------
Cash flows from financing activities:
  Proceeds from revolving line of credit
    and other long-term debt.................     22,569,011       25,405,232
  Repayments of revolving line of credit
    and other long-term debt.................    (21,472,628)     (19,245,872)
  Proceeds from exercise of stock options....          ---             98,649
  Acquisition of treasury stock..............         (2,975)           ---
                                               -------------     ------------
     Net cash provided by financing 
       activities............................      1,093,408        6,258,009
                                               -------------     ------------
Decrease in cash and cash equivalents........       (120,080)         (22,827)
Cash and cash equivalents, beginning of 
  period.....................................        185,424          159,044
                                               -------------     ------------
Cash and cash equivalents, end of period.....        $65,344         $136,217
                                               =============     ============

The accompanying notes are a part of the consolidated financial statements.

                                Page 6 of 15

SUPREME INDUSTRIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE A - BASIS OF PRESENTATION AND OPINION OF MANAGEMENT

The accompanying unaudited consolidated financial statements have been 
prepared in accordance with the instructions to Form 10-Q and therefore do 
not include all of the information and financial statement disclosures 
necessary for a fair presentation of consolidated financial position, results 
of operations and cash flows in conformity with generally accepted accounting 
principles.  In the opinion of management, the information furnished herein 
includes all adjustments necessary to reflect a fair statement of the interim 
periods reported.  All adjustments are of a normal and recurring nature.  The 
December 31, 1998 consolidated balance sheet data was derived from audited 
financial statements, but does not include all disclosures required by 
generally accepted accounting principles.


NOTE B - INVENTORIES

Inventories, which are stated at the lower of cost or market with cost 
determined on the first-in-first-out method, consist of the following:

                                    March 31,          December 31,
                                      1999                 1998    
                                  ------------         ------------
    Raw materials..............   $ 24,453,828         $ 18,419,217
    Work-in-progress...........      5,032,365            4,154,914
    Finished goods.............      6,637,790            6,218,519
                                  ------------         ------------
                                  $ 36,123,983         $ 28,792,650
                                  ============         ============

The valuation of raw materials, work-in-progress and finished goods 
inventories at interim dates is based upon a gross profit percentage method 
and bills of materials.  The Company has historically had favorable and 
unfavorable adjustments in the third and fourth quarters resulting from the 
annual physical inventories.  The Company is continuing to refine its costing 
procedures for valuation of interim inventories in an effort to minimize the 
annual book to physical inventory adjustments.


NOTE C - INCOME TAXES

The effective income tax rate for the three months ended March 31, 1999 was 
40.8% compared to 40.5% for the three months ended March 31, 1998.  

                                Page 7 of 15

NOTE D - EARNINGS PER SHARE

The Company has adopted the provisions of Statement of Financial Accounting 
Standards ("SFAS") No. 128, "Earnings Per Share," retroactively for all 
periods presented.  SFAS No. 128 requires the Company to present "basic" and 
"diluted" earnings per share.  Basic earnings per share is computed by 
dividing net income by the weighted average number of shares of common stock 
outstanding during the period.  Diluted earnings per share gives effect to 
all potentially dilutive securities that were outstanding during the period.  
The Company's diluted earnings per share is computed as follows:


                                                  Three Months Ended March 31,
                                                  ----------------------------
                                                       1999          1998
                                                  ------------   -------------
     Net Income                                         $2,398          $2,388
                                                        ------          ------
     Weighted average number of shares
       outstanding (used in computation
       of basic earnings per share)                     11,427          11,447

     Effect of dilutive securities:
          Options and warrants                              82             103

     Diluted shares outstanding (used  
       in computation of diluted
       earnings per share)                              11,509          11,550
                                                        ======          ======

The computations of the number of common shares used in the determination of 
1998 basic and diluted earnings per share give retroactive recognition to the 
two (2) 5% common stock dividends declared and paid in 1998.


NOTE E - SUBSEQUENT EVENTS AND COMMITMENTS

On April 12, 1999, the Company announced an offer to its stockholders to 
acquire up to 2,000,000 shares of its Class A and Class B Common Stock at a 
cash purchase price not greater than $10.00 per share nor less than $8.75 per 
share.  The offer to purchase shares expired May 10, 1999.  The transfer agent 
reports that 1,689,423 shares were tendered, and, pursuant to the terms of the 
offer, the Company will purchase all of such shares at $10.00 per share.  In 
connection with the stock repurchase program, the Company obtained a 
financing commitment for a five-year unsecured $20,000,000 term loan.  The 
term loan requires quarterly principal and interest payments over the term of 
the loan, with interest at certain basis points above LIBOR depending on the 
Company's leverage ration, as defined.

                                Page 8 of 15

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

Results of Operations

Revenues for the quarter ended March 31, 1999 increased $882,697 to 
$56,376,042 from $55,493,345 for the quarter ended March 31, 1998.  Revenues 
were somewhat restrained during the quarter due to delays in chassis arrivals 
as well as lack of specifications for certain large fleet orders.

Gross profit as a percentage of revenues for both the quarter ended March 31, 
1999 and 1998 was 16.9% as a percentage of revenues.  A slight decrease in 
material cost as a percentage of revenues was offset by increases in both 
direct labor and overhead.  

Selling, general and administrative expenses as a percentage of revenues 
increased slightly to 9.1% for the quarter ended March 31, 1999 from 8.9% for 
the quarter ended March 31, 1998.

Interest expense for the quarter ended March 31, 1999 was .6% of revenues or 
$339,000, compared to .8% or $417,000 for the quarter ended March 31, 1998.  
More favorable interest rates as well as a decline in interest on pool 
chassis were responsible  for the decline.

Net income for the quarter ended March 31, 1999 was $2,397,865 compared to 
$2,387,733 for the quarter ended March 31, 1998.  Both basic and diluted 
earnings per share were $.21 for the quarters ended March 31, 1999 and March 
31, 1998.


Liquidity and Capital Resources

Net income and funds available under the Company's revolving credit agreement 
were adequate to finance operations during the quarter ended March 31, 1999.  
Net income and depreciation and amortization were the significant components 
of cash flow.  The inventory increase of $7.3 million was the most 
significant use of operating cash flow during the period.  The inventory 
increase is related to both higher levels of fleet orders as well as delivery 
delays due to chassis delays and product specifications not being finalized 
timely.  Accounts receivable declined $1.8 million in the period.

The Company spent $1.3 million on capital expenditures during the quarter 
ended March 31, 1999.  Major projects under way are the construction of a 
corporate office facility in Goshen, Indiana, an addition to our Ligonier 
facility and expansions at our Pennsylvania and California operations.

                                Page 9 of 15

The principal financing activity during the quarter was the use of the 
Company's revolving credit agreement to finance operations and capital 
expenditures.  On April 12, 1999, the Company announced an offer to its 
stockholders to acquire up to 2,000,000 shares of its Class A and Class B
Common Stock at a cash purchase price not greater than $10.00 per share nor
less than $8.75 per share.  The offer to purchase shares expired May 10, 1999.
The transfer agent reports that 1,689,423 shares were tendered, and, pursuant
to the terms of the offer, the Company will purchase all of such shares at
$10.00 per share.  In connection with the stock repurchase program, the 
Company obtained a financing commitment for a five-year unsecured $20,000,000
term loan.  The term loan requires quarterly principal and interest payments 
over the term of the loan, with interest at certain basis points above LIBOR 
depending on the Company's leverage ration, as defined.

The Company anticipates that cash flows from operations and funds available 
under the Company's revolving credit agreement will be sufficient to meet the 
Company's cash needs during 1999.


Year 2000

The Company began preparation for the Year 2000 issues during 1996.  An 
independent consulting group was engaged to conduct a complete analysis of 
the Company's system and operating requirements.  After review and approval 
by management, this analysis formed the basis for a request for quotation 
that was sent to several major software providers.  The final decision was 
made on the strength of the manufacturing software combined with the quality 
and level of expertise the software provider could furnish.  The software 
purchased is Year 2000 compliant.

The total cost of the operating software and consulting fees is approximately 
$1,000,000.  In addition the Company has spent $200,000 on hardware upgrades. 
The expenditures were funded from operating activities combined with funds 
available under the Company's revolving credit agreement.  The majority of 
the costs were incurred during 1998 and the Company does not anticipate 
significant additional expenditures.

The Company's goal is not only to be able to process transactions in the Year 
2000, but also to significantly improve its overall information systems.  
When fully implemented the Company will have more detailed operating and 
financial information by facility, product line and customer.  For this 
purpose the project was divided into two phases.  Phase I provides Year 2000 
compliance and Phase II develops the system and procedures necessary to 
provide the more meaningful operating and financial information.  Phase II 
will be an ongoing project.

                                Page 10 of 15

The Company has completed the assessment and testing phase of its Year 2000 
project and is currently in the implementation phase.  Based on the results 
of the successful implementation of the Company's Year 2000 compliant 
software at three of its operations the Company believes that all of its 
operating locations will be fully Year 2000 compliant by October 1, 1999.  
The Company has a contingency plan that would enable it to use its existing 
software after December 31, 1999, but as indicated earlier based on the 
results of successful implementations the Company believes it will be fully 
Year 2000 compliant by October 1, 1999.

The Company's major suppliers of raw materials used in the Company's products 
have indicated that they are year 2000 compliant.  The raw materials used in 
the Company's products are commodity in nature and are readily available 
across the country from a large number of suppliers.  The Company does not 
believe it will have difficulty obtaining raw materials because of 
established relations with multiple sources for its raw materials and the 
fact that they are readily available from a large number of sources.

The Company also believes there is not significant risk from the failure of 
its customers to become year 2000 compliant because of the large number of 
active accounts and the fact that no single account is more than 6% of 
revenues.  The Company's products are sold direct to large users; there are 
approximately 85 truck distributors and 37 bus distributors as well as 
approximately 500 truck dealers throughout the country.

The Company believes the worst case scenario relating to Year 2000 issues 
would be the disruption or unavailability of utility services.  The Company 
also believes that the possibility is remote.  Additionally, the Company's 
seven manufacturing plants and eight distribution facilities are all served 
by different utility companies and it is unlikely that all would suffer from 
a Year 2000 problem.

As noted in the next section, "Forward Looking Statements", a  major risk 
factor for the Company is the availability of chassis.  The Company's major 
sources of chassis have indicated that they are Year 2000 compliant and that 
their chassis are also Year 2000 compliant.

                                Page 11 of 15

Forward-Looking Statements

This report contains forward-looking statements, other than historical facts, 
which reflect the view of the Company's management with respect to future 
events.  Although management believes that the expectations reflected in such 
forward-looking statements are reasonable, and it can give no assurance that 
the expectations reflected in such forward-looking statements are reasonable,
it can give no assurance that such expectations will prove to have been 
correct.  Important factors that could cause actual results to differ 
materially from such expectations include, without limitation, limitations on 
the availability of chassis on which the Company's product is dependent, 
availability of raw materials, severe interest rate increases and the 
Company's ability to make its operating and financial systems Year 2000 
compliant.  The Company assumes no obligation to update the forward-looking 
statements or to update the reasons actual results could differ from those 
contemplated by such forward-looking statements.

                                Page 12 of 15

                        PART II.   OTHER INFORMATION

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

Supreme Industries, Inc.'s annual meeting of stockholders was held on 
April 29, 1999.  Below is a summary of matters voted upon at that meeting.

     a)	The following individuals were elected Directors by the holders of 
        the Company's Class A Common Stock by a vote of 8,375,758 to 15,913
        with no abstentions:

                             Rice M. Tilley, Jr.
                             Rick L. Horn
                             H. Douglas Schrock

        The following individuals were elected Directors by the	holders of 
        the Company's Class B Common Stock by a vote of 1,682,328 to 0 with
        no abstentions:

                             William J. Barrett
                             Robert J. Campbell
                             Thomas Cantwell
                             Herbert M. Gardner
                             Omer G. Kropf
                             Robert W. Wilson

     b) PricewaterhouseCoopers LLP was ratified as the Company's independent
        auditors by a vote of 8,355,866 to 23,472 with 12,333 abstaining.

     c) The Company's 1998 Stock Option Plan was approved by a vote of
        7,278,157 to 436,862 against with 32,328 abstentions.


ITEM 6.	EXHIBITS AND REPORTS ON FORM 8-K.

     a)	Exhibits:

        Exhibit 27 - Financial Data Schedule

     b)	Reports on Form 8-K:  None

                                Page 13 of 15

                                 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.


                                               SUPREME INDUSTRIES, INC.

DATE: May 13, 1999                             BY: /s/ROBERT W. WILSON
                                               Robert W. Wilson
                                               Executive Vice President,
                                               Treasurer, Chief Financial 
                                               Officer and Director 
                                               (Principal Financial and 
                                               Accounting Officer)

                                               (Signing on behalf of the 
                                               Registrant and as Principal 
                                               Financial Officer.)

                                Page 14 of 15

                          SUPREME INDUSTRIES, INC.
                                 FORM 10-Q

                             INDEX TO EXHIBITS


                                                             Sequential
 Number Assigned                                          Numbering System
in Regulation S-K                                            Page Number
    Item 601          Description of Exhibit                 of Exhibit
-----------------     ----------------------              ----------------

      (2)             No exhibit.

      (3)             No exhibit.

      (4)             No exhibit.

     (10)             No exhibit.

     (15)             No exhibit.

     (18)             No exhibit.

     (19)             No exhibit.

     (22)             No exhibit.

     (23)             No exhibit.

     (24)             No exhibit.

     (27)             Financial data schedule.

     (99)             No exhibit.


                                Page 15 of 15