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                              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 June 30, 1998
                                  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 August 6, 1998  
            Class A                           9,381,772 
            Class B                           1,624,102

The index to Exhibits is at page 14 in the sequential numbering system.  
Total number of pages: 14.

                                Page 1 of 14

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                          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
              Financial Condition and Results of
              Operations                                     9, 10 & 11



PART II.      OTHER INFORMATION

     Item 4.  Submission of Matters to a Vote of
              Security Holders                                       12


     Item 6.  Exhibits and Reports on Form 8-K                       12

              Signatures                                             13

              Index to Exhibits                                      14


                                Page 2 of 14

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                      Part I. Financial Information
                      Item 1. Financial Statements


Supreme Industries, Inc. and Subsidiaries
Consolidated Balance Sheets


                                               June 30,      December 31,
                                                 1998            1997
                                           --------------- ---------------

Assets                                       (Unaudited)

Current assets:
  Cash and cash equivalents...............        $196,829        $159,044
  Accounts receivable, net................      25,524,659      23,188,066
  Inventories.............................      30,128,247      28,404,786
  Deferred income taxes...................         973,657         973,657
  Other current assets....................         401,384         803,442
                                           --------------- ---------------
       Total current assets...............      57,224,776      53,528,995
                                           --------------- ---------------


Property, plant and equipment, at cost....      49,003,504      46,083,344
       Less, Accumulated depreciation and
         amortization.....................      17,691,739      16,522,903
                                           --------------- ---------------
       Property, plant and equipment, 
         net..............................      31,311,765      29,560,441


Intangible assets, net....................       1,603,731       1,705,385
Other assets..............................       1,040,027       1,079,491
                                           --------------- ---------------

       Total assets.......................     $91,180,299     $85,874,312
                                           =============== ===============

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


                                Page 3 of 14

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


                                                June 30,      December 31,
                                                  1998            1997
                                            --------------- ---------------

Liabilities and Stockholders' Equity          (Unaudited)

Current liabilities:
  Current maturities of long-term debt....       $2,124,609      $2,119,692
  Trade accounts payable..................        8,549,961      10,433,051
  Accrued income taxes....................        1,034,905       1,098,111
  Other accrued liabilities...............        6,834,130       9,514,186
                                            --------------- ---------------
       Total current liabilities..........       18,543,605      23,165,040

Long-term debt............................       21,294,241      17,359,703

Deferred income taxes.....................          898,825         898,825
                                            --------------- ---------------
       Total liabilities..................       40,736,671      41,423,568
                                            --------------- ---------------


Stockholders' equity:
  Class A Common Stock, $.10 par value....          938,589         885,599
  Class B Common Stock, convertible into
    Class A Common Stock on a one-for-one
    basis, $.10 par value.................          162,410         154,677
  Additional paid-in capital..............       39,716,642      31,743,249
  Retained earnings.......................       10,062,473      11,917,755
  Treasury stock, at cost.................         (436,486)       (250,536)
                                            --------------- ---------------
       Total stockholders' equity.........       50,443,628      44,450,744
                                            --------------- ---------------
       Total liabilities and stockholders'
         equity...........................      $91,180,299     $85,874,312
                                            =============== ===============

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


                                Page 4 of 14

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


                              Three Months Ended         Six Months Ended
                                  June 30,                   June 30,
                          -----------  -----------  ------------  ------------
                              1998         1997         1998          1997
                          -----------  -----------  ------------  ------------
Revenues................  $61,322,192  $56,275,903  $116,815,537  $100,449,206

Costs and expenses:
  Cost of sales.........   49,605,633   45,879,498    95,726,007    82,916,179
  Selling, general and 
    administrative......    5,289,083    4,469,788    10,235,308     8,419,166
  Interest..............      489,426      413,380       906,439       763,225
                          -----------  -----------  ------------  ------------
                           55,384,142   50,762,666   106,867,754    92,098,570
                          -----------  -----------  ------------  ------------
     Income before 
       income taxes.....    5,938,050    5,513,237     9,947,783     8,350,636

Income taxes............    2,447,000    2,182,000     4,069,000     3,334,000
                          -----------  -----------  ------------  ------------
     Net income.........   $3,491,050   $3,331,237    $5,878,783    $5,016,636
                          ===========  ===========  ============  ============


Earnings per share:
     Basic..............         $.32         $.31          $.54          $.46
     Diluted............          .32          .30           .53           .46


Shares used in the 
  computation of 
  earnings per share:
     Basic..............   10,941,092   10,876,156    10,916,928    10,874,321
     Diluted............   11,024,729   10,951,528    11,011,597    10,942,833

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


                                Page 5 of 14

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


                                                     Six Months Ended
                                                         June 30,
                                             --------------- ---------------
                                                   1998            1997
                                             --------------- ---------------
Cash flows from operating activities:
  Net income..............................        $5,878,783      $5,016,636
  Adjustments to reconcile net income to 
    net cash used in operating activities:
      Depreciation and amortization.......         1,467,972       1,399,695
      Loss on disposal of equipment.......            84,087          11,094
      Changes in operating assets and
        liabilities.......................        (8,284,348)     (4,826,360)
                                             --------------- ---------------
       Net cash provided by (used in) 
         operating activities.............          (853,506)      1,601,065
                                             --------------- ---------------

Cash flows from investing activities:
  Additions to property, plant and 
    equipment.............................        (3,310,629)     (1,965,013)
  Proceeds from disposal of property, 
    plant and equipment...................           108,900          53,150
  (Increase) decrease in other assets.....            39,464          (8,858)
                                             --------------- ---------------
       Net cash (used in) investing 
         activities.......................        (3,162,265)     (1,920,721)
                                             --------------- ---------------

Cash flows from financing activities:
  Proceeds from revolving line of credit
    and other long-term debt..............        50,996,113      40,163,003
  Repayments of revolving line of credit
    and other long-term debt..............       (47,056,658)    (39,906,108)
  Proceeds from exercise of stock 
    options...............................           114,101          50,609
                                             --------------- ---------------
       Net cash provided by financing 
         activities.......................         4,053,556         307,504
                                             --------------- ---------------
Increase (decrease) in cash and cash 
  equivalents.............................            37,785         (12,152)
Cash and cash equivalents, beginning of 
  period..................................           159,044         220,678
                                             --------------- ---------------
Cash and cash equivalents, end of period..          $196,829        $208,526
                                             =============== ===============

Noncash investing and financing 
  activities:
    Common Stock dividends................        $7,734,065      $3,385,720
    Class A Common Stock exchanged in
      exercise of stock options (12,843 
      shares).............................           185,950           ---


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


                                Page 6 of 14

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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, 1997 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:

                                    June 30,           December 31,
                                      1998                 1997    
                                ---------------      ---------------
     Raw materials...........      $ 17,332,087         $ 16,896,669
     Work-in-progress........         4,588,421            4,553,082
     Finished goods..........         8,207,739            6,955,035
                                ---------------      ---------------
                                   $ 30,128,247         $ 28,404,786
                                ===============      ===============

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 - DEBT

On June 23, 1998 the Company signed an amendment to it's revolving credit 
agreement that increased it's borrowing availability to $18,000,000 from 
$14,000,000 for the period July 1 through January 31 and to $25,000,000 from 
$20,000,000 for the period February 1 through June 30.  The amendment also 
provides for the Company to reduce it's interest rate and commitment fee 
based on it's leverage ratio, as defined by the bank.  The amendment requires 
that working capital not fall below $10,000,000 ($38.7 million at June 30, 
1998) and tangible capital funds not be less than $30,000,000 plus an amount 
equal to 50% of cumulative net income ($48.8 million at June 30, 1998).  The 
amendment also deleted the covenants restricting dividend payments and 
limiting capital expenditures.  The term of the credit agreement has been 
extended through April 30, 2001.  The Company had $3.3 million available 
under its revolving credit agreement on June 30, 1998.


                                Page 7 of 14

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NOTE D - STOCK DIVIDEND

On May 12, 1998, the Board of Directors declared a 5% common stock dividend 
payable on June 1, 1998, to shareholders of record on May 25, 1998.  


NOTE E - 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 is computed by 
reflecting potential dilution from the exercise of outstanding stock options. 
All share and per share data have been adjusted to reflect the stock dividends 
declared and paid in 1998 and 1997.


                                Page 8 of 14

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

Results of Operations

Revenues for the quarter ended June 30, 1998 increased $5.0 million to $61.3 
million from $56.3 for the quarter ended June 30, 1997.  Revenue for the six 
months ended June 30, 1998 increased $16.4 million to $116.8 million from 
$100.4 million for the six months ended June 30, 1997.  Basic earnings per 
share were $.32 cents for the quarter ended June 30, 1998 compared to $.31 
cents for the comparable prior year quarter.  Diluted earnings per share were 
$.32 cents for the quarter ended June 30, 1998 compared to $.30 cents for 
comparable prior year quarter.  Basic earnings per share increased $.08 cents 
to $.54 cents from $.46 cents for the six months ended June 30, 1998 while 
diluted earnings per share increased $.07 cents to $.53 cents from the 
comparable prior year period.  Basic and diluted earnings per share for all 
periods presented have been adjusted for the common stock dividends declared 
and paid in 1998 and 1997.

The Company continues to experience growth in all of it's product lines with 
the most significant gains coming from its dry freight, insulated and bus 
products.  The Company's new product lines, trolley cars, armored trucks and 
Spartan service vans, accounted for 5.4% of the Company's revenue during the 
six months ended June 30, 1998.  The armored truck growth is being hampered 
by a chassis shortage caused by increased demand for Allison heavy duty 
transmissions.

The Company's gross profit percentage increased .6% to 19.1% from 18.5% for 
the three months ended June 30, 1998 and .6% to 18.0% from 17.4% for the six 
months ended June 30, 1998 when compared to the comparable prior year 
periods.  The Company's raw material and direct labor costs were relatively 
unchanged as a percentage of revenues when compared to the comparable prior 
year periods.  The improvement in gross profit for both the quarter and six 
months ended June 30, 1998 is attributed to fixed expenses in the overhead 
pool that do not increase when revenues increase.  

Selling, general and administrative expense were 8.6% and 8.8% for the 
quarter and six months ended June 30, 1998 respectively compared to 7.9% and 
8.4% for the prior year comparable periods.  

Interest expense was .8% of revenues for the quarter ended June 30, 1998 
compared to .7% for the quarter ended June 30, 1997 and .8% of revenues for 
the six months ended June 30, 1998 and June 30, 1997.  The increase of 
$76,046 in the quarter ended June 30, 1998 and $143,214 for the six months 
ended June 30, 1998 is attributed to increased pool chassis interest combined 
with higher borrowings under the Company's revolving credit line to finance 
the increase in inventories and accounts receivable resulting from the 
increase in revenues in 1998.


                                Page 9 of 14

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The effective income tax rate for the three and six months ended June 30, 
1998 was 41.2% and 40.9%, respectively, compared to 39.6% and 39.9% for the  
three and six months ended June 30, 1997.  The lower effective tax rate in 
1997 was principally attributable to research and experimentation tax credits.


Liquidity and Capital Resources

Funds available under the Company's revolving credit agreement were adequate 
to finance operations and provide for capital expenditures during the six 
months ended June 30, 1998.  Net income of $5.9 million and depreciation and 
amortization of $1.5 million were the most significant components of 
operating cash flow.  Increases in both inventories and accounts receivable 
were the most significant uses of operating cash flows during the six months 
ended June 30, 1998.  

The Company invested $3.3 million in property, plant and equipment during the 
first six months of 1998.  Major capacity additions were completed in Goshen, 
Indiana; Jonestown, Pennsylvania; and Griffin, Georgia.  These additions 
increased the Company's capacity by approximately 20% over that available in 
1997.

As discussed in Note C of the Notes to Consolidated Financial Statements, on 
June 23, 1998 the Company amended its credit agreement.

The Company anticipates that cash flows from operations and amounts available 
under it's revolving line of credit will be sufficient to meet the Company's 
cash needs during the remaining part of 1998 and for the next twelve months.  

The Company is in the process of implementing new computer software that will 
allow it to process transactions in the year 2000 and beyond as well as 
provide better operating information more timely once completely installed.  
The Company has established an implementation team and provided them with the 
training and resources necessary to have all Company facilities year 2000 
compliant well in advance of December 31, 1999.


                                Page 10 of 14

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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, it can give no assurance that the 
expectations reflected in such forward-looking statements are reasonable, and 
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 and severe interest rate increases.  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 11 of 14

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                      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 May 12, 
1998.  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 7,386,579 to
              25,737 with no abstentions:

                                Rice M. Tilley, Jr.
                                Rick L. Horn

              H. Douglas Schrock was elected Director by the holders	of the 
              Company's Class A Common Stock by a vote of 7,385,909 to 26,407
              with no abstentions.

              The following individuals were elected Directors by the holders 
              of the Company's Class B Common Stock by a vote of 1,546,773 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 7,379,686 to 21,300 with
              11,330 abstaining.


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

          a)   Exhibits:

               Exhibit 27 - Financial Data Schedule

          b)   Reports on Form 8-K:  None


                                Page 12 of 14

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                                 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: August 13, 1998                       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 13 of 14

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                          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 14 of 14

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