SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                  -------------

                                    FORM 10-K

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

For the fiscal year ended October 29, 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 0-314

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

         Virginia                                       54-0594965
(State or other jurisdiction of                      (I.R.S. Employer
incorporation or organization)                    Identification Number)

             P. O. Box 1371                                24301
           Pulaski, Virginia                             (Zip Code)
(Address of principal executive offices)

Registrant's telephone number, including area code: (703) 980-7330

Securities registered pursuant to Section 12(b) of the Act:
                                      None

Securities registered pursuant to Section 12(g) of the Act:
                                  Common Stock
                        Preferred Stock Purchase Rights*
                                (Title of Class)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding  twelve months (or for such shorter period that the registrant was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes [X]  No _____

Indicate 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 registrant's knowledge, in definitive
proxy or information statements incorporated by reference in Part
III of this Form 10-K or any amendment to this Form 10-K. [X]

Aggregate market value of the Common Stock held by non-affiliates
of the registrant as of December 15, 1995:  $43,828,886.**

Number of shares of Common Stock outstanding as of December 15,
1995: 2,839,179.
---------------


<PAGE>




 *  On  December 3,  1987  the  Board of Directors of the registrant  approved a
Rights Agreement  pursuant  to  which  a  special  dividend  consisting  of  the
Preferred Stock Purchase Rights was distributed to the holders of record  of the
registrant as of December 15, 1987.

**  In determining  this  figure,  the  registrant  has assumed  that all of its
officers,  directors  and persons known to the  registrant to be the  beneficial
owners  of  more  than  five  percent  of  the  registrant's  Common  Stock  are
affiliates.  Such assumption  shall not be deemed to be conclusive for any other
purpose.  The aggregate  market value has been  computed  based on the last sale
price for December 15, 1995, as reported by The Wall Street Journal.


                       DOCUMENTS INCORPORATED BY REFERENCE


1.       Portions of Pulaski Furniture Corporation's 1995 Annual Report
         to Security Holders are incorporated by reference into Parts
         II and IV of this Form 10-K.

2.       Portions of Pulaski Furniture Corporation's  definitive Proxy Statement
         for its 1996 Annual Meeting of Stockholders  (filed with the Securities
         and Exchange Commission pursuant to Regulation 14A under the Securities
         Exchange Act of 1934) are  incorporated  by reference  into Part III of
         this Form 10-K.



                                       -2-

<PAGE>



                                     PART I


Item 1.   Business

General

         Since its  organization in 1955,  Pulaski  Furniture  Corporation  (the
"Company")  has engaged  exclusively  in the  production  and sale of  furniture
products.  The Company  presently  manufactures  medium-priced  wooden  bedroom,
dining room and occasional  furniture (in plants located in Pulaski,  Dublin and
Martinsville,  Virginia),  grandfather,  mantel and wall clocks (in its plant in
Ridgeway,  Virginia),  and higher-priced solid mahogany bedroom, dining room and
occasional furniture (in the Company's plant in Mebane, North Carolina).  During
the 1990 fiscal year,  the Company  entered the  upholstery  business,  which it
currently  operates  out of a leased  portion of a building  in  Christiansburg,
Virginia.  The Company's  furniture is predominately  in the traditional  style.
Furniture and clock styles are periodically updated,  revised or discontinued by
the  Company in  anticipation  of the April and  October  markets in High Point,
North Carolina.  Also, the Company imports some specialized  furniture items and
furniture  parts.  The Company  currently  anticipates that its demand for these
imports  will  increase  in the future as some of the  Company's  product  lines
utilizing these imports mature.

         Over the course of the past  several  years the Company  has  increased
substantially its production capacity,  which has permitted increased sales when
market conditions are favorable.  This has resulted in a significant increase in
the overall size of the Company.  In 1973, the Company began operating its plant
in Dublin and completed a renovation of the Pulaski plant.  In 1975, the Company
completed an expansion and  renovation of the  Martinsville  plant.  The Company
acquired  substantially  all of the assets of Coleman  Furniture  Corporation in
1983. In 1985,  the Company  completed the renovation of a portion of the former
Coleman  plant and the  construction  of a new  facility  connecting  the former
Coleman  plant to the existing  Pulaski  facility.  Also,  in 1985,  the Company
acquired Gravely  Furniture  Company,  Incorporated  (currently,  Ridgeway Clock
Company) of Ridgeway, Virginia. Ridgeway Clock Company manufactures grandfather,
mantel and wall clocks.  In 1988, the Company  completed  construction  of a new
finishing  plant located at its Pulaski  facilities.  Also in 1988,  the Company
acquired  Craftique,  Inc. with  manufacturing  facilities located in Mebane and
Durham,  North  Carolina.  In 1994,  the Company  completed  an expansion of its
Pulaski  operations by construction  of a new  manufacturing  facility.  The new
facility  houses  highly-automated  production  lines,  which should provide the
Company with access to lower price points in the market. See Item 2--Properties.


                                       -3-

<PAGE>




Materials

         Lumber  constitutes  the principal  material used by the Company in the
manufacturing  of its  furniture  products.  The Company also uses lumber in its
manufacturing  of  clock  cases.  The  Company  purchases  lumber  from  sawmill
operators  and lumber  dealers.  Clock  components  are  purchased  from various
domestic  and  foreign  sources.  Other  materials  essential  to the  Company's
manufacturing include veneers, finishing materials,  chipcore, sandpaper, lumber
squares, fabric, glue, mirrors,  hardware,  glass, carvings,  packing materials,
wooden frames for use in its upholstery business and other product supplies.

         In 1983,  the Company  entered  into a joint  venture  with three other
companies to form  Triwood,  Inc. to own and operate  plant  facilities in Henry
County,  Virginia for the production of chipcore,  an essential material used to
manufacture the Company's  furniture  products.  Triwood,  Inc. began operations
during  1985,  and the Company  entered  into a firm  purchase  arrangement  for
chipcore with Triwood,  Inc. In 1995,  the Company sold its interest in Triwood,
Inc. The  Company's  net  investment  in the venture,  as of the end of the 1995
fiscal year, was  approximately  $1,172,014.  The Company believes that chipcore
and all other required materials can be obtained from suppliers as needed.

Marketing and Promotion

         Through  a sales  force of about  100  persons,  including  55  regular
commission  salesmen,  the Company serves  approximately 11,000 retail customers
located in all fifty  states of the United  States,  the  District of  Columbia,
Puerto Rico, Canada, Mexico,  Australia, New Zealand, the European Common Market
and parts of the Far East. The  substantial  majority of the Company's sales are
within  the  United  States  and  its  territories,  however,  the  Company  has
experienced  growth in its  international  sales over the course of the last few
years.  During the Company's  fiscal years ended in 1995, 1994 and 1993,  export
sales  by the  Company  aggregated  approximately  $10,046,000,  $8,770,000  and
$8,502,000, respectively.

         The sales force for the  Company's  products,  other than its Craftique
products, is organized into three geographical regions. A regional sales manager
is responsible for the Company's sales in each region, and the regional managers
report to the Vice  President-Sales.  The Company's  Craftique products are sold
through a sales force  responsible to a national sales manager for the division.
The national sales manager for the Craftique  division  reports to the Company's
Vice  President-Sales.  In addition,  most of the Company's foreign export sales
are made through foreign  representatives  and  distributors,  who report to the
Company's regional export sales manager.



                                       -4-

<PAGE>



         The  Company  currently  utilizes  a small  number  of  trademarks  and
tradenames in connection with certain lines of the Company's  products and a few
patents in connection with certain of its products.  All trademarks,  tradenames
and patents  utilized  by the Company  either are owned by the Company or one of
its subsidiaries.  From time to time, the Company may apply for the registration
of additional  trademarks  or the issuance of  additional  patents in connection
with its products.

         The  Company  permits its sales  personnel  to spend part of their time
selling home furnishings  (such as lines of accessories and lamps)  manufactured
by other companies.  These secondary  products are considered  complementary to,
and not competitive  with, the Company's  products.  The Company's  products are
distributed to customers by truck and rail facilities.

         For the  display  of its  products,  the  Company  maintains  permanent
showrooms at the  International  Home  Furnishings  Market in High Point,  North
Carolina,  the  Tupelo  Furniture  Market  in  Tupelo,  Mississippi  and the San
Francisco  Mart in San  Francisco,  California.  The  annual  rentals  for these
display facilities total approximately $338,626.

         As of October 29, 1995, the Company's  unfilled  customers'  orders for
furniture  and  clocks  totalled   approximately   $26  million  (compared  with
approximately $27.7 million as of October 30, 1994). The decrease in the backlog
of unfilled  orders since October 30, 1994 is primarily  attributable  to system
improvements allowing for prompter shipments.  The backlog of unfilled orders is
valued at prices  prevailing  at the time the orders  were  taken.  The  Company
expects to fill all of the  unfilled  customer  orders for the 1995  fiscal year
during the 1996 fiscal year.

         Demand for the Company's furniture products generally is highest in the
period from September through January and lowest in June and August.  Demand for
the  Company's  clock  products is  generally  highest in the period from August
through December.

Competition

         The business in which the Company is engaged is highly competitive with
several manufacturers  competing for product acceptability in the retail market.
Competition  within the markets  for medium and  higher-priced  wooden  bedroom,
dining room and  occasional  furniture and for clocks occurs  principally in the
areas of style,  quality and price.  The Company has  recently  been  successful
introducing new lines that were favorably received by the market. Although it is
difficult to compare manufacturers by size, the Company estimates that, based on
its  1995  net  sales,  the  Company  ranks  among  the  25  largest   furniture
manufacturers in the United States.


                                       -5-

<PAGE>




Employees

         The Company employs  approximately  2,200 persons on a full-time basis,
approximately  10% of whom are  salaried  and none of whom is  represented  by a
labor union. The Company considers its employee relations to be good.

Item 2.  Properties

General

         The Company owns all of its  manufacturing  and  warehouse  facilities,
except the portion of a facility in Christiansburg,  Virginia,  which houses the
Company's upholstery business,  and warehouse space in Pulaski and Martinsville,
Virginia  and in Mebane,  North  Carolina  (each of which is rented on a monthly
basis).  The Company's  operating  plants are  well-maintained  and include many
items of equipment and machinery of recent design. The Company believes that its
present  operating  plant  capacity is  sufficient to meet current and projected
future demand for its products.

         Insurance is  maintained  against  certain  risks,  including  fire and
business interruption, and in such amounts as the Company deems desirable.

Pulaski Facilities

         Pulaski,  Virginia is the site of the Company's  general offices and of
two of its principal  furniture  manufacturing  plants. The Company's  buildings
located in Pulaski are constructed  primarily of brick and cinder block and were
erected and have been renovated at various times from 1926 to the present.

         In 1983, the Company  acquired real estate,  improvements and equipment
from Coleman Furniture Corporation,  including land and building space adjoining
the  Company's  original  Pulaski  plant.  In 1985,  the Company  completed  the
renovation  of a portion of the former  Coleman  plant  adjoining  the Company's
original Pulaski plant and the integration of that portion of the plant with the
original Pulaski  facility.  The cost of the renovation  (including  capitalized
interest  expense) was  approximately  $8,000,000.  The remaining portion of the
former  Coleman  property  is  being  used for  warehouse  and  office  space or
otherwise is being held for
renovation and future  expansion.  In 1988, a new finishing plant was brought on
line at a total  project  cost of  $3,955,000.  The new plant  includes  updated
equipment  providing  improved  finishing  techniques  and  greater  safety  for
employees.

         In 1994, the Company completed an expansion of its Pulaski
facilities by the construction of a new 75,000 square foot


                                       -6-

<PAGE>



manufacturing  facility. The total cost of the expansion was approximately $13.6
million.  The new manufacturing  facility is designed to utilize newer equipment
and to  provide  for  more  efficient  manufacturing  of  certain  lines  of the
Company's furniture products.

         The complete Pulaski facility now contains approximately 980,000 square
feet of production,  warehouse and office space and approximately 120,000 square
feet of additional  building space available for future  expansion at renovation
costs. The facility is located on approximately  twenty-nine  acres.  During the
last  year  the  Pulaski  facility  primarily  produced   occasional   furniture
(including curios, consoles,  tables, chairs and other accent pieces) and served
as a dimension  plant  (producing  rough-cut  materials) for the Company's other
facilities.

Dublin Plant

         The  Dublin  plant,  which  began  operations  in  1973,   consists  of
approximately  570,000  square feet of factory and warehouse  space located on a
153.5-acre  parcel owned by the Company  (including 106.5 acres acquired in 1983
from Coleman Furniture Corporation). The plant produces bedroom, dining room and
occasional furniture (including curios, collectors cabinets,  consoles and other
accent  pieces).  This parcel  fronts on State Route #100,  close to  Interstate
Highway 81 and is served by the Norfolk & Southern Railroad.

         The Dublin plant also produces veneer in a 36,000 square foot brick and
cinder block building constructed in 1964.

Martinsville Plant

         The Martinsville plant  manufactures  occasional  furniture,  including
curios,  desks,  consoles  and  other  accent  pieces.  A major  renovation  and
expansion  program for the Martinsville  plant was completed in fiscal 1975. The
plant contains approximately 190,000 square feet of manufacturing, warehouse and
office  space  and is  located  on a tract of about  eight  acres in the City of
Martinsville, Virginia.

Ridgeway Clock Company Plant

     In 1985, the Company  acquired  Gravely  Furniture  Company,  Incorporated,
located in Ridgeway,  Virginia.  Gravely  Furniture  Company,  Incorporated  was
renamed Ridgeway Clock Company. Ridgeway Clock Company manufactures grandfather,
mantel and wall  clocks.  Ridgeway  Clock  Company  purchases  clock  parts from
foreign and domestic  sources and assembles the parts into  manufactured  wooden
clock cases. The Ridgeway Clock Company plant contains


                                       -7-

<PAGE>



approximately  326,000  square feet of  production,  warehouse  and office space
located on approximately 79.5 acres.


Craftique, Inc. Plant

     The  Company's   Craftique   plant  located  in  Mebane,   North  Carolina,
manufactures solid mahogany bedroom,  dining room and occasional furniture.  The
Craftique  plants  contains  approximately  42,000 square feet of production and
office space located on approximately  thirty-one acres.  Craftique also owns an
industrial tract of approximately one acre in Durham, North Carolina.

Item 3.           Legal Proceedings

         None.

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

         None.

Item *.  Executive Officers of the Registrant

         The Company's executive officers are as follows:

                                Year
                                First
         Name           Age    Elected                   Office

Bernard C. Wampler       64     1967            Chairman of the Board and
                                                  Chief Executive Officer
                                                
John G. Wampler          37     1988            President and Chief
                                                  Operating Officer
                                                
Ira S. Crawford          58     1978            Vice President -
                                                  Administration, Secretary
                                                
Jason A. Gibbs           62     1969            Treasurer, Controller
                                                  and Assistant Secretary
                                                
James H. Kelly           53     1971            Vice President - Product
                                                  Development
                                                
Randolph V. Chrisley     47     1983            Vice President - Sales
                                                
James W. Peele           44     1995            Vice President -
                                                  Manufacturing
                                           
                                           
                                           
                                           
                                       -8-
                                           
<PAGE>                                     
                                           
                                           
                                           
         John G.  Wampler is the son of Bernard C.  Wampler and the  grandson of
John W. Stanley,  director of the Company. Each of the executive officers, other
than Mr. Peele,  has been an officer of the Company for the last five years. Mr.
Peele   previously  had  served  as  an  assistant  to  the  Vice  President  of
Manufacturing  of the Company  (1992-1995).  Prior to joining the  Company,  Mr.
Peele was employed as  Operations  Manager for Mubeles  Andes  (1990-1991).  The
Company's  executive  officers  are elected by and serve at the  pleasure of the
Company's Board of Directors.              
                                           
                                        
                                     PART II

Item 5.  Market for the Registrant's Common Equity and Related
         Stockholder Matters

         The information contained on page 2 of the Company's 1995 Annual Report
to Security Holders is incorporated herein by reference.

Item 6.  Selected Financial Data

         The information contained on page 3 of the Company's 1995 Annual Report
to Security Holders is incorporated herein by reference.

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

         The information contained on pages 4 and 5 of the Company's 1995 Annual
Report to Security Holders is incorporated herein by reference.

Item 8.  Financial Statements and Supplementary Data

         The financial  statements  contained on pages 6 through the left column
of the inside back cover of the Company's 1995 Annual Report to Security Holders
are incorporated herein by reference.

Item 9.  Changes in and Disagreements with Accountants
             on Accounting and Financial Disclosure

         None.



                                       -9-

<PAGE>




                                    PART III


Item 10.  Directors and Executive Officers of the Registrant

         The Company's  1996 Proxy  Statement  contains  information  on pages 1
through 4  concerning  directors,  persons  nominated to become  directors,  and
executive  officers of the Company.  Such information is incorporated  herein by
reference.

Item 11.  Executive Compensation

         The Company's  1996 Proxy  Statement  contains  information  on pages 4
through 8 concerning  executive  compensation.  Such information is incorporated
herein by reference.

Item 12.  Security Ownership of Certain Beneficial Owners and
          Management

          The Company's 1996 Proxy Statement contains information on pages 3 and
4 concerning  security ownership of certain beneficial owners and management and
is incorporated herein by reference.

Item 13.  Certain Relationships and Related Transactions

         The  Company's  1996 Proxy  Statement  contains  information  on page 8
concerning  certain  relationships and related  transactions and is incorporated
herein by reference.


                                     PART IV


Item 14.  Exhibits, Financial Statement Schedules, and Reports
          on Form 8-K

         (a)(1) The following financial  statements of the registrant,  included
in the 1995  Annual  Report to  Security  Holders,  are  incorporated  herein by
reference in Item 8:

                  Consolidated balance sheets -- October 29, 1995 and
                  October 30, 1994

                  Consolidated  statements of income and retained earnings
                  - - Years ended October 29, 1995, October 30, 1994 and 
                  October 31, 1993

                  Consolidated  statements  of cash flows -- Years ended October
                  29, 1995, October 30, 1994 and October 31, 1993



                                      -10-

<PAGE>



                  Notes to consolidated financial statements

         (a)(2) The following financial statement schedules of Pulaski Furniture
Corporation are included in Item 14(d):

                  Schedule II -- Valuation and Qualifying Accounts

All other  schedules for which  provision is made in the  applicable  accounting
regulation of the Securities and Exchange  Commission are not required under the
related instructions or are inapplicable and therefore have been omitted.

         (a)(3)  Exhibits

                  The  following  documents  are filed as  exhibits to this Form
                  10-K pursuant to Item 601 of Regulation S-K:

                  3.1      Restated Articles of Incorporation of Pulaski
                           Furniture Corporation (8)

                  3.2      Bylaws of Pulaski Furniture Corporation (8)

                  4.1      Pulaski Furniture Corporation's Series A Company
                           Note in the principal amount of $3,000,000, given
                           to the Industrial Development Authority of Pulaski
                           County (1)

                  4.2      Pulaski Furniture Corporation's Series B Company
                           Note in the principal amount of $5,000,000, given
                           to the Industrial Development Authority of Pulaski
                           County (1)

                  4.3      Industrial Development Authority of Pulaski
                           County's Industrial Development Revenue Note in the
                           principal amount of $3,000,000, given to Sovran
                           Bank, N.A. as Note Agent (Series A) (1)

                  4.4      Industrial Development Authority of Pulaski
                           County's Industrial Development Revenue Note in the
                           principal amount of $5,000,000, given to Sovran
                           Bank, N.A., as Note Agent (Series B) (1)

                  4.5      Industrial Development Authority of Pulaski
                           County's Industrial Development Revenue Note in
                           principal amount of $2,000,000, given to Sovran
                           Bank as Note Agent (Series A) (1)


                                      -11-

<PAGE>




                  4.6      Pulaski Furniture Corporation's Series A Company Note
                           in  principal  amount  of  $2,000,000  given  to  the
                           Industrial Development Authority of Pulaski County
                           (1)

                  4.7      Note Purchase Agreement and Agreement of Sale
                           between Industrial Development Authority of Pulaski
                           County, Sovran Bank, N.A., Planters Bank & Trust
                           Co.; and Pulaski Furniture Company, dated April 1,
                           1984 (1)

                  4.8      Reimbursement, Purchase and Loan Agreement between
                           Pulaski Furniture Corporation and Sovran Bank,
                           N.A., dated April 1, 1984 (1)

                  4.9      UDAG Grant Agreement No. B-82-AB-51-0189, as
                           executed and delivered by the Town of Pulaski and
                           the United States Department of Housing & Urban
                           Development (1)

                  4.10     Term Loan Agreement between Pulaski Furniture
                           Corporation and Wachovia Bank and Trust Company,
                           N.A., dated October 21, 1985 (4)

                  4.11     Term Loan Note in principal amount of $4,000,000
                           between Pulaski Furniture Corporation and Wachovia
                           Bank and Trust Company, N.A., dated October 21,
                           1985 (4)

                  4.12     Term Loan Agreement between Pulaski Furniture
                           Corporation and Sovran Bank, N.A., dated October
                           23, 1985 (4)

                  4.13     Term Loan Note in principal amount of $4,000,000
                           between Pulaski Furniture Corporation and Sovran
                           Bank, N.A., dated October 23, 1985 (4)

                  4.14     Rights Agreement between Pulaski Furniture
                           Corporation and Sovran Bank, N.A., dated as of
                           December 3, 1987 (6)

                  4.15     Note Issuance Agreement and Revolving Credit
                           Agreement between Pulaski Furniture Corporation and
                           Sovran Bank, N.A. in principal amount of
                           $10,000,000, dated December 1, 1988 (7)

                  4.16     Form of Variable Rate Taxable Promissory Note in
                           principal amount of $10,000,000 between Pulaski
                           Furniture Corporation and Sovran Bank, N.A., dated
                           December 9, 1988 (7)


                                      -12-

<PAGE>




                  4.17     Form of Revolving Credit Facility Note in principal
                           amount of $10,000,000 between Pulaski Furniture
                           Corporation and Sovran Bank, N.A., dated December
                           9, 1988 (7)

                  4.18     Form of  Credit  Agreement  in  principal  amount  of
                           $10,000,000 between Pulaski Furniture Corporation and
                           Wachovia Bank of North  Carolina,  N.A.,  dated as of
                           December 10, 1993 (9)

                  4.19     Form of Promissory Note in principal amount of
                           $10,000,000 made by the Company to Wachovia Bank of
                           North Carolina, N.A., dated December 10, 1993 (9)

                  4.20     Amendment to Term Loan Agreement between the
                           Company and Wachovia Bank of North Carolina, N.A.,
                           dated July 25, 1994

                  4.21     Amendment to Promissory Note made by the Company to
                           Wachovia Bank of North Carolina, N.A., dated July
                           25, 1994

                 10.1      Deferred Compensation Agreement between the Company
                           and Bernard C. Wampler dated December 2, 1977 (2)

                 10.2      The Company's Stock Option Plan (8)

                 10.3      The Company's Executive Life Insurance Plan (5)

                 10.4      The Company's Production and Administrative
                           Incentive Plans (5)

                 10.5      Conversion Agreement between Pulaski Furniture
                           Corporation and Sovran Bank, N.A., dated as of
                           March 3, 1986 (5)

                 11        Computation of Earnings Per Share

                 13        Pulaski Furniture Corporation's 1995 Annual Report
                           to Security Holders (3)

                 20        Pulaski Furniture Corporation's Proxy Statement for
                           the Annual Meeting of Stockholders to be held
                           February 9, 1996

                 21        Subsidiaries of Registrant

                 23        Consent of Ernst & Young LLP


                                      -13-

<PAGE>



Footnotes:
         (1)      Incorporated herein by reference to the Company's Annual
                  Report on Form 10-K for the fiscal year ended October 28,
                  1984

         (2)      Incorporated herein by reference to the Company's Annual
                  Report on Form 10-K for the fiscal year ended October 30,
                  1977

         (3)      With the exception of the information  incorporated  herein by
                  reference to the  Company's  Annual Report for the fiscal year
                  ended October 29, 1995,  the Annual Report shall not be deemed
                  "filed" as part of this report on Form 10-K

         (4)      Incorporated herein by reference to the Company's Annual
                  Report on Form 10-K for the fiscal year ended October 27,
                  1985

         (5)      Incorporated herein by reference to the Company's Annual
                  Report on Form 10-K for the fiscal year ended October 26,
                  1986

         (6)      Incorporated  herein by reference  to the Company's  Form 8-A,
                  dated December 17, 1987, For  Registration  of Certain Classes
                  of  Securities  Pursuant  to  section  12(b)  or  (g)  of  the
                  Securities Exchange Act of 1934

         (7)      Incorporated herein by reference to the Company's Annual
                  Report on Form 10-K for the fiscal year ended October 30,
                  1988

         (8)      Incorporated herein by reference to the Company's Annual
                  Report on Form 10-K for the fiscal year ended October 29,
                  1989

         (9)      Incorporated herein by reference to the Company's Annual
                  Report on Form 10-K for the fiscal year ended October 31,
                  1993



         (b)      Reports on Form 8-K

                  None.



                                      -14-

<PAGE>



                                   SIGNATURES


         Pursuant to the  requirements  of Section 13 or 15(d) of the Securities
and Exchange  Act of 1934,  the Company has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.


                                                   PULASKI FURNITURE CORPORATION
                                                             (Registrant)


Date:  January 26, 1996                            By /s/ John G. Wampler
                                                          John G. Wampler,
                                                          President and Chief
                                                            Operating Officer



<PAGE>



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


Date:  January 26, 1996         By /s/ Bernard C. Wampler
                                       Bernard C. Wampler,
                                   Director, Chairman of the Board
                                     and Chief Executive Officer

Date:  January 26, 1996         By /s/ John W. Stanley
                                       John W. Stanley,
                                           Director

Date:  January 26, 1996         By /s/ Clifford A. Cutchins, III
                                       Clifford A. Cutchins, III,
                                           Director

Date:  January 26, 1996         By /s/ John D. Munford
                                       John D. Munford,
                                           Director

Date:  January 26, 1996         By /s/ John G. Wampler
                                       John G. Wampler,
                                           Director

Date:  January 26, 1996         By /s/ Harry H. Warner
                                       Harry H. Warner,
                                           Director

Date:  January 26, 1996         By /s/ Hugh V. White, Jr.
                                       Hugh V. White, Jr.,
                                           Director

Date:  January 26, 1996         By /s/ Jason A. Gibbs
                                       Jason A. Gibbs,
                                   Treasurer, Controller, and
                                  Assistant Secretary (Principal
                                        Financial Officer)



<PAGE>


                         Report of Independent Auditors


We  have  audited  the  accompanying  consolidated  balance  sheets  of  Pulaski
Furniture  Corporation  and  Subsidiaries as of October 29, 1995 and October 30,
1994, and the related consolidated  statements of income, retained earnings, and
cash flows for each of the three years in the period ended October 29, 1995. Our
audits also included the  financial  statement  schedule  listed in the Index at
Item 14(a).  These financial  statements and schedule are the  responsibility of
the  Corporation's  management.  Our  responsibility is to express an opinion on
these financial statements and schedules based on our audits.

We  conducted  our  audits  in  accordance  with  generally   accepted  auditing
standards.  Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management,  as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated  financial statements referred to above present
fairly, in all material respects, the consolidated financial position of Pulaski
Furniture  Corporation  at  October  29,  1995 and  October  30,  1994,  and the
consolidated  results of their  operations  and their cash flows for each of the
three years in the period ended October 29, 1995, in conformity  with  generally
accepted  accounting  principles.  Also, in our opinion,  the related  financial
statement  schedule,   when  considered  in  relation  to  the  basic  financial
statements  taken  as a whole,  present  fairly  in all  material  respects  the
information set forth therein.

As discussed in Note 7 to the financial statements,  effective November 1, 1993,
the Corporation changed its method of accounting for income taxes.


                                                              ERNST & YOUNG LLP


Winston-Salem, North Carolina
January 24, 1996
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                SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS


<TABLE>
<CAPTION>

          COL. A                         COL. B                       COL. C                          COL. D              COL. E
                                                                     ADDITIONS
 <S>                              <C>                     <C>               <C>                 <C>                   <C>
                                  Balances at Beginning        (1)                 (2)                                Balance at End
        DESCRIPTION                     of Period        Charged to Costs    Charged to Other   Deductions - Describe    of Period
                                                           and Expenses     Accounts - Describe



Year Ended October 29, 1995:
  Deducted from asset accounts
     Allowance for doubtful accounts       $1,000,000            $704,112                                 $704,112 (1)   $1,000,000

Year Ended October 30, 1994:
  Deducted from asset accounts
     Allowance for doubtful accounts         $900,000            $303,845                                 $203,845 (1)   $1,000,000

Year Ended October 31, 1993:
  Deducted from asset accounts
     Allowance for doubtful accounts         $900,000            $600,776                                 $600,776 (1)     $900,000


</TABLE>


(1) Uncollectible accounts written off, net of recoveries


<PAGE>




                                    EXHIBITS
                       SECURITIES AND EXCHANGE COMMISSION
                                    FORM 10-K
                                  ANNUAL REPORT
                         PURSUANT TO SECTION 13 or 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                          PULASKI FURNITURE CORPORATION

                                  Exhibit Index

                                                                           Page


3.1      Restated Articles of Incorporation of Pulaski Furniture
         Corporation

3.2      Bylaws of Pulaski Furniture Corporation

4.1      Pulaski Furniture  Corporation's Series A Company Note in
         the principal amount of $3,000,000,  given to the Industrial
         Development Authority of Pulaski County

4.2      Pulaski Furniture  Corporation's Series B Company Note in
         the principal amount of $5,000,000,  given to the Industrial
         Development Authority of Pulaski County

4.3      Industrial Development Authority of Pulaski County's
         Industrial Development Revenue Note in the principal amount of
         $3,000,000, given to Sovran Bank, N.A. as Note Agent (Series
         A)

4.4      Industrial Development Authority of Pulaski County's
         Industrial Development Revenue Note in the principal amount of
         $5,000,000, given to Sovran Bank, N.A., as Note Agent (Series
         B)

4.5      Industrial Development Authority of Pulaski County's
         Industrial Development Revenue Note in principal amount of
         $2,000,000, given to Sovran Bank, N.A. as Note Agent (Series
         A)

4.6      UDAG Grant Agreement No. B-82-AB-51-0189, as executed and
         delivered by the Town of Pulaski and the United States
         Department of Housing & Urban Development

4.7      Note Purchase Agreement and Agreement of Sale between
         Industrial Development Authority of Pulaski County, Sovran
         Bank, N.A., Planters Bank & Trust Co., and Pulaski Furniture
         Company, dated April 1, 1984



<PAGE>



                                                                            Page


4.8      Reimbursement, Purchase and Loan Agreement between Pulaski
         Furniture Corporation and Sovran Bank, N.A., dated April 1,
         1984

4.9      Pulaski Furniture Corporation's Series A Company Note in
         principal amount of $2,000,000 given to the Industrial
         Development Authority of Pulaski County

4.10     Term Loan Agreement between Pulaski Furniture Corporation and
         Wachovia Bank and Trust Company, N.A., in principal amount of
         $4,000,000, dated October 21, 1985

4.11     Term Loan Note in principal amount of $4,000,000 between
         Pulaski Furniture Corporation and Wachovia Bank and Trust
         Company, N.A., dated October 21, 1985

4.12     Term Loan Agreement  between Pulaski  Furniture  Corporation
         and Sovran Bank, N.A., in principal amount of $4,000,000, dated
         October 23, 1985

4.13     Term Loan Note in principal amount of $4,000,000 between
         Pulaski Furniture Corporation and Sovran Bank, N.A., dated
         October 23, 1985

4.14     Rights Agreement between Pulaski Furniture Corporation and
         Sovran Bank, N.A., dated as of December 3, 1987

4.15     Note Issuance Agreement and Revolving Credit Agreement between
         Pulaski Furniture Corporation and Sovran Bank, N.A. in
         principal amount of $10,000,000, dated December 1, 1988

4.16     Form of Variable Rate Taxable  Promissory  Note in principal
         amount of $10,000,000  between  Pulaski  Furniture  Corporation
         and Sovran Bank, N.A., dated December 9, 1988

4.17     Form  of  Revolving   Credit  Facility  Note  in  principal
         amount of $10,000,000  between  Pulaski  Furniture  Corporation
         and Sovran Bank, N.A., dated December 9, 1988

4.18     Form of Credit  Agreement in principal  amount of  $10,000,000
         between Pulaski  Furniture  Corporation  and Wachovia  Bank of
         North  Carolina, N.A., dated as of December 10, 1993

4.19     Form of Promissory Note in principal  amount of $10,000,000
         made by the Company to Wachovia Bank of North  Carolina,  N.A.,
         dated December 10, 1993

4.20     Amendment to Term Loan Agreement between the Company and
         Wachovia Bank of North Carolina, N.A., dated July 25,
         1994*



<PAGE>



                                                                            Page

4.21     Amendment to Promissory Note made by the Company to Wachovia
         Bank of North Carolina, N.A., dated July 25, 1994*

10.1     Employment Agreement between the Company and Bernard C.
         Wampler, dated December 2, 1977

10.2     The Company's Stock Option Plan

10.3     The Company's Executive Life Insurance Plan

10.4     The Company's Production and Administrative
         Bonus Plans

10.5     Conversion Agreement between Pulaski Furniture Corporation and
         Sovran Bank, N.A., dated as of March 3, 1986

11       Computation of Earnings Per Share*

13       Pulaski Furniture Corporation's 1995 Annual Report to Security
         Holders

20       Pulaski Furniture Corporation's Proxy Statement for the Annual
         Meeting of Stockholders to be held February 9, 1996

21       Subsidiaries of Registrant*

23       Consent of Ernst & Young LLP*

--------
*Filed with this Report on Form 10-K; all other exhibits are herein
incorporated by reference