SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                         AMENDMENT NO. 1
                                TO
                            FORM 10-Q

         Quarterly Report Pursuant to Section 13 or 15(d)
              of the Securities Exchange Act of 1934

For the quarter ended July 31, 1995 Commission File No. 0-5653


                     BALA CYNWYD CORPORATION
_________________________________________________________________
      (Exact name of registrant as specified in its charter)


             New Jersey                         22-1436237
_____________________________________   _________________________
  (State or other jurisdiction of            (I.R.S. Employer
  incorporation or organization)             Identification No.)


  301 City Avenue
  Bala Cynwyd, Pennsylvania                     19004             
_____________________________________   _________________________
   (Address of principal executive           (Zip Code)
    offices)

Registrant's telephone number, 
including area code: (610) 667-8225
                     ________________

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months,
and (2) has been subject to such filing requirements for the past
90 days.

                         Yes  X      No     
                             ____   ____

Indicate the number of shares outstanding of each of the
Registrant's classes on common stock, as of the latest
practicable date.

                 Common Stock:  1,021,314 shares


Item 1.   This Amendment is filed for the purpose of
          including the required Financial Data Schedule for
          the subject report, as filed herewith.

<PAGE>

                            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.


                                   BALA CYNWYD CORPORATION




Dated:  January 15, 1996           By:/s/ Albert M. Zlotnick
                                      ___________________________
                                        Albert M. Zlotnick
                                        President
                                        Chairman of the Board
                                        Chief Financial Officer
                                        and Chief Executive
                                        Officer
<PAGE>
<PAGE>
                     BALA CYNWYD CORPORATION

                  SIX MONTHS ENDED JULY 31, 1995

           Appendix A to Item 601(c) of Regulations S-K
                   (Article 5 of Regulation S-X
               Commercial and Industrial Companies)

<TABLE>
<CAPTION>

Item Number:     Item Description:
____________     _________________

<S>              <C>                                  <C>

5-02(1)          Cash and cash items                         35,876
5-02(2)          Marketable securities
5-02(3)(a)(1)    Notes and accounts receivable -
                   trade
5-02(4)          Allowances for doubtful accounts
5-02(6)          Inventory
5-02(9)          Total current assets                        41,979
5-02(13)         Property, plant and equipment
5-02(14)         Accumulated depreciation
5-02(18)         Total assets                               473,524
5-02(21)         Total current liabilities                   26,508
5-02(22)         Bonds, mortgages and similar debt
5-02(28)         Preferred stock - mandatory 
                   redemption
5-02(29)         Preferred stock - no mandatory 
                   redemption                                   130
5-02(30)         Common stock                                52,721
5-02(31)         Other stockholders' equity                 394,165
5-02(32)         Total liabilities and 
                   stockholders' equity                     473,524
5-03(b)1(a)      Net sales of tangible products
5-03(b)1         Total revenues                              50,463
5-03(b)2(a)      Cost of tangible goods sold
5-03(b)2         Total costs and expenses applicable
                   to sales and revenues
5-03(b)3         Other costs and expenses                    23,179
5-03(b)5         Provision for doubtful accounts 
                   and notes
5-03(b)(8)       Interest and amortization of 
                   debt discount
5-03(b)(10)      Income before taxes and other items         27,284
5-03(b)(11)      Income tax expense
5-03(b)(14)      Income/loss continuing operations           27,284
5-03(b)(15)      Discontinued operations
5-03(b)(17)      Extraordinary items
5-03(b)(18)      Cumulative effect - changes in 
                   accounting principles
5-03(b)(19)      Net income or loss                          27,284
5-03(b)(20)      Earnings per share - primary                  0.03
5-03(b)(20)      Earnings per share - fully diluted

</TABLE>