SECURITIES AND EXCHANGE COMMISSION
                               Washington, DC  20549

                                      ---------
                                      FORM 10-Q
                                      ---------

[X] Quarterly report pursuant to Section 13 or 15(d) of the Securities
    Exchange Act of 1934

        For the quarterly period ended April 19, 1998

[ ] 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
                   (State or other jurisdiction of incorporation)

                                     54-0594965
                        (IRS employer identification number)

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

                                       24301
                                     (Zip Code)

                                    540-980-7330
                           (Registrant's telephone number)




Indicate by checkmark 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:
2,823,339 shares of common stock outstanding as of May 28, 1998



<PAGE>

Pulaski Furniture Corporation
Index



PART I:  Financial Statements

     Consolidated Condensed Balance Sheets as of
     April 19, 1998 and November 2, 1997 . . . . . . . . . . . . . . . 2

     Consolidated Condensed Statements of Income
     Three 4-week periods ended April 19, 1998
     and April 20, 1997  . . . . . . . . . . . . . . . . . . . . . . . 3

     Consolidated Condensed Statements of Income
     Six 4-week periods ended April 19, 1998
     and April 20, 1997  . . . . . . . . . . . . . . . . . . . . . . . 4

     Consolidated Statements of Cash Flows
     Six 4-week periods ended April 19, 1998
     and April 20, 1997  . . . . . . . . . . . . . . . . . . . . . . . 5

     Notes to Consolidated Condensed Financial Statements  . . . . . . 6

     Management's Discussion and Analysis of the
     Consolidated Condensed Statements of Income . . . . . . . . . . . 7


PART II:  Other Information  . . . . . . . . . . . . . . . . . . . . . 9

     Signatures  . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

     Exhibit Index . . . . . . . . . . . . . . . . . . . . . . . . .  10


























<PAGE>

Pulaski Furniture Corporation
Consolidated Condensed Balance Sheets
(in thousands)
                                                 April 19,        November 2,
                                                   1998              1997
ASSETS                                          ----------        ----------
Current assets:
  Cash and cash equivalents                     $   1,080         $   2,702 
  Accounts receivable, net                         26,613            36,726 
                                                ----------        ----------
                                                   27,693            39,428 
  Inventories:
    Raw materials                                  15,447            13,270 
    Work-in-process                                 6,966             5,220 
    Finished goods                                 27,612            27,612 
                                                ----------        ----------
                                                   50,025            46,102 
    Less LIFO reserve                             (16,455)          (14,758)
                                                ----------        ----------
                                                   33,570            31,344 
  Prepaid expenses                                    880               874 
  Recoverable income taxes                              0             1,474 
  Deferred income taxes                             1,277             1,277 
                                                ----------       -----------
    Total current assets                           63,420            74,397 

Property, plant and equipment, net                 34,050            35,248 
Cash surrender value of life insurance              1,240             1,223 
Other                                                  11                11 
                                                ----------       -----------
    Total assets                                $  98,721         $ 110,879 
                                                ==========        ==========
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
  Accounts payable and accrued expenses:
    Accounts payable                            $   6,742         $   6,222 
    Wages and commissions                           1,457             2,902 
    Taxes withheld from employees                     467               400 
    Other accrued liabilities                       1,804             1,889 
                                                ----------        ----------
                                                   10,470            11,413 
  Notes payable                                         0            12,000 
  Federal and state income taxes                       18                 0 
  Current portion of long-term debt                 2,000             2,000 
                                                ----------        ----------
    Total current liabilities                      12,488            25,413 

Long-term notes payable                            24,898            25,774 
Deferred income taxes                               3,697             3,742 
Deferred compensation                               2,675             2,681 
Shareholders' equity
  Common stock                                      5,434             4,989 
  Retained earnings                                49,677            48,479 
  Unamortized restricted stock                       (148)             (199)
                                                ----------        ----------
    Total shareholders' equity                     54,963            53,269 
    Total liabilities and shareholders' equity  $  98,721         $ 110,879 
                                                ==========        ==========
See accompanying notes to financial statements.
<PAGE>

Pulaski Furniture Corporation
Consolidated Condensed Statements of Income
(in thousands, except for per share data)

                                  Three 4-week periods ended
                                      Apr. 19,    Apr. 20,    Incr         
                                        1998        1997     (Decr)      % 
                                     ---------   ---------  --------   ----

Net sales                            $ 39,268    $ 35,322   $ 3,946    11.2 %

Costs and expenses
  Cost of sales                        31,505      27,931     3,574    12.8 
  Selling & administrative              5,630       5,599        31     0.6 
                                    ----------  ----------  --------
Operating income                        2,133       1,792       341    19.0 

Other income and expenses
  Interest expense                        343         464      (121)  (26.1)
  Interest income                         (11)         (5)       (6) (120.0)
                                    ----------  ----------  --------
    Total                                 332         459      (127)  (27.7)

Income before income taxes              1,801       1,333       468    35.1 

Provision for taxes on income             643         481       162    33.7 
                                    ----------  ----------  --------

Net income                           $  1,158    $    852   $   306    35.9 
                                    ==========  ==========  ========

Weighted average number
of shares outstanding:
  Basic                             2,815,736   2,797,637
  Diluted                           2,832,942   2,812,316


Earnings per share:         
  Basic                                 $0.41       $0.30
  Diluted                               $0.41       $0.30


Cash dividends per share:               $0.17       $0.17















See accompanying notes to financial statements.
<PAGE>

Pulaski Furniture Corporation
Consolidated Condensed Statements of Income
(in thousands, except for per share data)

                                    Six 4-week periods ended
                                      Apr. 19,    Apr. 20,    Incr         
                                        1998        1997     (Decr)      % 
                                     ---------   ---------  --------   ----

Net sales                            $ 75,578    $ 70,744   $ 4,834     6.8 %

Costs and expenses
  Cost of sales                        60,720      56,418     4,302     7.6 
  Selling & administrative             10,728      10,914      (186)   (1.7)
                                    ----------  ----------  --------
Operating income                        4,130       3,412       718    21.0 

Other income and expenses
  Interest expense                        789       1,049      (260)  (24.8)
  Interest income                         (15)         (9)       (6)  (66.7)
                                    ----------  ----------  --------
    Total                                 774       1,040      (266)  (25.6)

Income before income taxes              3,356       2,372       984    41.5 

Provision for taxes on income           1,198         856       342    40.0 
                                    ----------  ----------  --------

Net income                           $  2,158    $  1,516   $   642    42.3 
                                    ==========  ==========  ========

Weighted average number
of shares outstanding:
  Basic                             2,815,732   2,805,377
  Diluted                           2,828,085   2,815,884


Earnings per share:         
  Basic                                 $0.77       $0.54
  Diluted                               $0.76       $0.54


Cash dividends per share:               $0.34       $0.34















See accompanying notes to financial statements.
<PAGE>

Pulaski Furniture Corporation
Consolidated Statements of Cash Flows


                                                    Six 4-week periods ended
                                                     April 19,      April 20,
                                                        1998           1997 
                                                   ------------  ------------
OPERATING ACTIVITIES
  Net income                                       $ 2,157,625   $ 1,515,580 
  Adjustments to reconcile net income to net
  cash provided by operating activities:
    Provision for depreciation/amortization          2,286,625     2,437,046 
    Provision for deferred income taxes                (45,000)      (45,000)
    Provision for deferred compensation                 (5,402)       35,239 
    Changes in operating assets and liabilities:
      Decrease in trade receivables                 10,113,288    12,798,212 
      Increase in inventories                       (2,226,660)   (4,520,316)
      Increase in prepaid expenses                      (5,876)     (465,438)
      Decrease in recoverable income taxes           1,473,577             0 
      Decrease in accounts payable and
        accrued expenses                              (942,971)     (576,193)
      Increase (decrease) in federal and state
        income taxes payable                            17,805    (1,047,074)
                                                   ------------  ------------
  NET CASH PROVIDED BY OPERATING ACTIVITIES         12,823,011    10,132,056 

INVESTING ACTIVITIES
  Purchase of property, plant and equipment         (1,037,473)   (1,995,935)
  Increase in cash surrender value                     (16 674)      (14,191)
                                                   ------------  ------------
  NET CASH USED IN INVESTING ACTIVITIES             (1,054,147)   (2,010,126)

FINANCING ACTIVITIES
  Proceeds from issuance of common stock               540,591       486,219 
  Repurchase of common stock                           (96,250)     (920,000)
  Payment of dividends                                (959,964)     (957,113)
  Decrease in notes payable                        (12,000,000)   (7,000,000)
  Payments on long-term debt                          (875,730)     (944,272)
                                                   ------------  ------------
  NET CASH USED IN FINANCING ACTIVITIES            (13,391,353)   (9,335,166)
                                                   ------------  ------------

Decrease in cash and cash equivalents               (1,622,489)   (1,213,236)
Cash and cash equivalents at beginning of period     2,702,339     2,396,850 
                                                   ------------  ------------
Cash and cash equivalents at end of period         $ 1,079,850   $ 1,183,614 
                                                   ============  ============










See accompanying notes to financial statements.
<PAGE>

Pulaski Furniture Corporation
Notes to Consolidated Condensed Financial Statements

See notes to financial statements included in the Corporation's 10-K for the
year ended November 2, 1997, for information concerning accounting policies,
long-term debt, stock options and other financial matters. There have been
no material changes in financial matters since November 2, 1997.

In the opinion of the Corporation, the accompanying unaudited consolidated
condensed financial statements contain all adjustments (consisting of only
normal accruals) necessary to present fairly the financial position as of
April 19, 1998 and November 2, 1997, and the results of operations and
cash flows for the three and six 4-week periods ended April 19, 1998 and
April 20, 1997.

The results of operations for the three and six 4-week periods ended April 19,
1998 and April 20, 1997 are not necessarily indicative of the results to be
expected for the full year.  See Management's Discussion and Analysis for a 
detailed discussion on the cyclical nature of the Corporation's operating
results.

In 1997, the Financial Accounting Standards Board issued Statement of Finan-
cial Accounting Standards No. 128, "Earnings per Share."  Statement 128 re-
placed the previously reported primary and fully diluted earnings per share
with basic and diluted earnings per share.  Unlike primary earnings per
share, basic earnings per share excludes any dilutive effects of options, 
warrants, and convertible securities.  Diluted earnings per share is very
similar to the previously reported fully diluted earnings per share.  All
earnings per share amounts for all periods have been presented, and where
necessary, restated to conform to the Statement 128 requirements.

The following table sets forth the computation of earnings per share:

                        Three 4-week periods ended   Six 4-week periods ended
                        Apr 19, 1998  Apr 20, 1997  Apr 19, 1998  Apr 20, 1997
                        ------------  ------------  ------------  ------------
Numerator:
 Net income             $ 1,157,518   $   851,739   $ 2,157,625   $ 1,515,580 

Denominator:
 Denominator for basic
  earnings per share -
  weighted average 
  shares                  2,815,736     2,797,637     2,815,732     2,805,377 
 Dilutive securities:
  Stock options               8,156         1,737         5,988         1,861 
  Stock purchase plan         9,050        12,942         6,365         8,646 
 Denominator for diluted
  earnings per share -
  adjusted weighted
  average shares          2,832,942     2,812,316     2,828,085     2,815,884 

Basic earnings per share      $0.41         $0.30         $0.77         $0.54 
Diluted earnings per share    $0.41         $0.30         $0.76         $0.54 





<PAGE>

Pulaski Furniture Corporation
Management's Discussion and Analysis of the
Consolidated Condensed Statements of Income

Comparison of Second Quarter 1998 to Second Quarter 1997 and Two Quarters of
1998 to Two Quarters of 1997 (See pages 3 & 4 for dollar and percent changes.)
------------------------------------------------------------------------------

Sales increased 11% in the second quarter and 7% in the two quarters of 1998
as compared to 1997, reflecting an increased demand for the Corporation's 
product due largely to the strong retail environment for household furniture.
More units were sold in the second quarter and two quarters of 1998, while
average selling prices declined slightly below the same periods of 1997.
Cost of sales, as a percentage of sales, were higher in the second quarter
and two quarters of 1998 due primarily to the lower selling prices.

Selling and administrative expenses, as a percentage of sales, dropped from 
15.9% to 14.3% in the second quarter of 1998, and from 15.4% to 14.2% in the
two quarters of 1998 as compared to 1997 due mainly to reductions in product
development costs and advertising and promotional expenses.  Interest expense
decreased due to lower outstanding debt in 1998.  Net income was higher, as a
percentage of sales, in the 1998 quarter and two quarters due mostly to the
higher sales volume.

Historically, the quarterly results of the Corporation have reflected a cyc-
lical pattern, as indicated below:
                                             QTR 1    QTR 2    QTR 3    QTR 4
     4-year average of net sales volume      22.4%    22.7%    18.3%    36.6%

This pattern reveals that the Corporation's first quarter, ending in January,
has accounted for approximately 22% of net sales volume.  The second quarter,
ending in April, is roughly equivalent in sales volume to the first quarter, 
while the third quarter, ending in July, shows a drop in volume to 18%.  The
remainder, or 37% of sales volume, is recorded in the fourth quarter, which
comprises four 4-week reporting periods and which also includes the strongest
selling season for certain product lines.  However, due to a number of risks
and uncertainties beyond the Corporation's control, including economic condi-
tions and consumer confidence, historical trends should not be viewed as an
accurate predictor of future results.  The Corporation believes the results
of the second quarter ended April 19, 1998, are reasonable in relation to
the historical pattern, considering the retail environment for household
furniture.

The Corporation recognizes that the year 2000 presents many challenges for
information systems.  In light of this recognition, management has enacted a
strategic business plan to ensure the needs of the year 2000 are met and that
the costs of preparing for this challenge are both understood and manageable.

Based on recent assessments, the Corporation has determined that it will be 
required to modify or replace significant portions of its software so that
its computer systems will properly reflect dates beyond December 31, 1999. If
such modifications are not made, or are not completed timely, the Year 2000
Issue could have a material impact on the operations of the Corporation. The
Corporation expects to complete the modifications timely. The Corporation
will use both internal and external resources to reprogram, or replace, and
test the software for the Year 2000 modifications. The Corporation is funding
the Year 2000 project with cash generated from operations. The project will
be expensed or capitalized as appropriate over the next two years, and is not
expected to have a material effect on the results of operations.
<PAGE>

Pulaski Furniture Corporation
Management's Discussion and Analysis of the
Consolidated Condensed Statements of Income (cont.)

Formal communications with all significant suppliers, customers and financial
service organizations of the Corporation is currently underway to determine
the extent to which the Corporation might be made vulnerable by those third
parties' failure to remediate their own Year 2000 Issue.  The Corporation has
determined that it has no exposure to contingencies related to the Year 2000
for the products already sold.


Capital Resources and Liquidity
--------------------------------

Working capital provided by operations was $4,394,000 for the two quarters
ended April 19, 1998 compared to $3,943,000 for the two quarters ended April
20, 1997.  Net working capital increased by $1,948,000 during the first two
quarters of 1998 compared with a decrease of $3,402,000 in the first two
quarters of 1997.

During the first two quarters of 1998, the Corporation's average amount of 
outstanding indebtedness for borrowed money was $30,801,141.  The weighted
average rate of interest on such indebtedness was approximately 5.42% per
annum.


































<PAGE>

Pulaski Furniture Corporation
Part II  -  Other Information



Item 6.    Exhibits and Reports on Form 8-K

  (a)  Exhibits
         27   Financial Data Schedule*

  (b)  Reports on Form 8-K
              There were no reports on Form 8-K filed during the quarter
              ended April 19, 1998.



* Filed herewith.





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.


                                     PULASKI FURNITURE CORPORATION



Date:  May 28, 1998                   /s/ John G. Wampler
                                     ---------------------------------------
                                     John G. Wampler
                                     President and Chief Executive Officer



                                      /s/ Jason A. Gibbs
                                     ---------------------------------------
                                     Jason A. Gibbs
                                     Treasurer and Chief Financial Officer
                                     (Principal Accounting Officer)













<PAGE>

Pulaski Furniture Corporation
Exhibit Index


Exhibit
Number                   Description

  27          Financial Data Schedule