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 January 21, 1996

[ ] 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:
2,860,079 shares of common stock outstanding as of February 29, 1996



<PAGE>
Pulaski Furniture Corporation
Index



PART I:  Financial Statements

     Consolidated Condensed Balance Sheets as of
     January 21, 1996 and October 29, 1995 . . . . . . . . . . . . . . 2

     Consolidated Condensed Statements of Income
     Three 4-week periods ended January 21, 1996
     and January 22, 1995  . . . . . . . . . . . . . . . . . . . . . . 3

     Consolidated Statements of Cash Flows
     Three 4-week periods ended January 21, 1996
     and January 22, 1995  . . . . . . . . . . . . . . . . . . . . . . 4

     Notes to Consolidated Condensed Financial Statements  . . . . . . 5

     Management's Discussion and Analysis of the
     Consolidated Condensed Statements of Income . . . . . . . . . . . 6

     Exhibit 3 - Computation of Earnings per Share . . . . . . . . . . 7


PART II:  Other Information and Signatures . . . . . . . . . . . . . . 8
































<PAGE>
Pulaski Furniture Corporation
Consolidated Condensed Balance Sheets
(in thousands)
                                                January 21,       October 29,
                                                   1996              1995
ASSETS                                          ----------        ----------
Current assets:
  Cash and cash equivalents                     $     461         $   1,722 
  Short-term investments                               11                15 
  Accounts receivable, net                         28,568            35,674 
                                                ----------        ----------
                                                   29,040            37,411 
  Inventories:
    Raw materials                                  16,675            16,984 
    Work-in-process                                 6,057             6,048 
    Finished goods                                 33,232            32,229 
                                                ----------        ----------
                                                   55,964            55,261 
    Less LIFO reserve                             (15,101)          (14,852)
                                                ----------        ----------
                                                   40,863            40,409 
  Prepaid expenses                                    446               407 
  Deferred income tax                                 579               579 
                                                ----------       -----------
    Total current assets                           70,928            78,806 

Property, plant and equipment, net                 37,995            38,894 
Cash surrender value of life insurance                982               976 
                                                ----------        ----------
    Total assets                                $ 109,905         $ 118,676 
                                                ==========        ==========

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
  Accounts payable and accrued expenses:
    Accounts payable                            $   5,833         $   9,764 
    Notes payable                                   8,000            12,000 
    Wages and commissions                             775             2,214 
    Taxes withheld from employees                     702               734 
                                                ----------        ----------
                                                   15,310            24,712 
  Federal and state income taxes                      720               257 
  Current portion of long-term debt                 2,000             2,048 
                                                ----------        ----------
    Total current liabilities                      18,030            27,017 

Long-term notes payable                            28,891            29,355 
Deferred income taxes                               4,072             4,094 
Deferred compensation                               2,263             2,269 
Shareholders' equity
  Common stock                                      6,356             5,827 
  Retained earnings                                50,753            50,297 
  Unamortized restricted stock                       (460)             (183)
                                                ----------        ----------
    Total shareholders' equity                     56,649            55,941 
                                                ----------        ----------
    Total liabilities and shareholders' equity  $ 109,905         $ 118,676 
                                                ==========        ==========

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
                                     Jan. 21,    Jan. 22,     Incr         
                                       1996        1995      (Decr)      % 
                                     ---------   ---------  --------   ----

Net sales                            $ 36,585    $ 41,270   $(4,685)  (11.4)%

Costs and expenses
  Cost of sales                        29,471      33,032    (3,561)  (10.8)
  Selling & administrative              5,178       5,569      (391)   (7.0)
                                    ----------  ----------  --------
Operating income                        1,936       2,669      (733)  (27.5)

Other income and expenses
  Interest expense                        584         593        (9)   (1.5)
  Interest income                          (3)         (6)        3    50.0
                                    ----------  ----------  --------
    Total                                 581         587        (6)   (1.0)

Income before income taxes              1,355       2,082      (727)  (34.9)

Provision for taxes on income             441         709      (268)  (37.8)
                                    ----------  ----------  --------

Net income                                914       1,373      (459)  (33.4)
                                    ==========  ==========  ========

Weighted average number
of shares outstanding:
  Primary                           2,856,087   2,863,258
  Assuming full dilution            2,856,590   2,863,258


Earnings per share:         
  Primary                               $0.32       $0.48
  Assuming full dilution                $0.32       $0.48


Cash dividends per share:               $0.16       $0.15















See accompanying notes to financial statements.
<PAGE>
Pulaski Furniture Corporation
Consolidated Statements of Cash Flows


                                                   Three 4-week periods ended
                                                    January 21,   January 22,
                                                       1996          1995 
                                                   ------------  ------------
OPERATING ACTIVITIES
  Net income                                       $   913,995   $ 1,373,023 
  Adjustments to reconcile net income to net
  cash provided by operating activities:
    Provision for depreciation/amortization          1,113,331     1,136,693 
    Provision for deferred income taxes                (22,500)      (22,500)
    Provision for deferred compensation                 (5,188)       45,239 
    Proportionate share in loss of
      investee company                                                14,130 
    Changes in operating assets and liabilities:
      Decrease in trade receivables                  7,106,528     1,169,792 
      (Increase) decrease in inventories              (454,888)      851,031 
      (Increase) decrease in prepaid expenses          (38,479)       23,613
      Decrease in accounts payable and
        accrued expenses                            (5,401,882)   (1,803,848)
      Increase in federal and state
        income taxes payable                           462,174       261,262
                                                   ------------  ------------
  NET CASH PROVIDED BY OPERATING ACTIVITIES          3,673,091     3,048,435 

INVESTING ACTIVITIES
  Purchase of property, plant and equipment           (156,005)     (200,989)
  Sale of investments                                    3,600               
  Increase in cash surrender value                      (5,934)              
                                                   ------------  ------------
  NET CASH USED IN INVESTING ACTIVITIES               (158,339)     (200,989)

FINANCING ACTIVITIES
  Proceeds from issuance of common stock               423,471       405,632 
  Repurchase of common stock                          (229,250)     (516,000)
  Payment of dividends                                (457,613)     (430,362)
  Decrease in notes payable                         (4,000,000)   (3,000,000)
  Payments on long-term debt                          (511,904)     (166,666)
                                                   ------------  ------------
  NET CASH USED IN FINANCING ACTIVITIES             (4,775,296)   (3,707,396)
                                                   ------------  ------------

Decrease in cash and cash equivalents               (1,260,544)     (859,950)
Cash and cash equivalents at beginning of period     1,721,546     1,088,322 
                                                   ------------  ------------
Cash and cash equivalents at end of period         $   461,002   $   228,372 
                                                   ============  ============








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 October 29, 1995, for information concerning accounting policies,
long-term debt, stock options and other financial matters. There have been
no material changes in financial matters since October 29, 1995.

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
January 21, 1996 and October 29, 1995, and the results of operations and
cash flows for the three 4-week periods ended January 21, 1996 and January
22, 1995.

The results of operations for the three 4-week periods ended January 21,
1996 and January 22, 1995 are not necessarily indicative of the results to
be expected for the full year.

The Corporation's outlook for the second quarter of 1996 is cautious as there
continues to be softness in the retail of household furniture.  Most of our
facilities are operating at reduced schedules.




































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


Comparison of First Quarter 1996 to First Quarter 1995  (See page 3 for
dollar and percent changes.)
----------------------------------------------------------------------------

The lower sales in the first quarter of 1996 as compared to the first quarter
of 1995 was due primarily to decreased demand caused by weak retail sales in
household furniture and a slowing economy.

The higher percentage of cost of sales and the higher percentage of selling
and administrative expenses to sales is directly related to the lower sales
volume.

The decrease in net income was due primarily to lower production levels and
shipments related to the weakness in retail furniture sales.



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

Working capital provided by operations was $2,000,000 for the quarter ended
January 21, 1996 compared to $2,547,000 for the quarter ended January 22,
1995.  Net working capital increased by $1,109,000 during the first quarter
of 1996 compared with an increase of $1,644,000 in the first quarter of 1995.

During the first quarter of 1996, the Corporation's average amount of 
outstanding indebtedness for borrowed money was $41,539,328.  The weighted
average rate of interest on such indebtedness was approximately 6.0% per
annum.

























<PAGE>
Pulaski Furniture Corporation
Part I  -  Exhibit 3
Computation of Earnings Per Share

                                                  Three 4-week periods ended
                                                   January 21,   January 22,
                                                      1996          1995
                                                  ------------  ------------
PRIMARY:

Average shares outstanding                          2,846,432     2,854,659 

Dilutive stock options - based
  on treasury stock method
  using average market price                            6,187         5,324 

Dilutive shares under Employee
  Stock Purchase Plan - based
  on average shares issuable                            3,468         3,275 
                                                  ------------  ------------
    TOTAL                                           2,856,087     2,863,258 



Net Income                                         $   913,995   $ 1,373,023 
                                                  ------------  ------------

Net Income per Share                                   $ 0.32        $ 0.48 
                                                       =======       =======


FULLY DILUTED:

Average shares outstanding                          2,846,432     2,854,659 

Dilutive stock options - based on
  treasury stock method using the
  greater of year-end market value
  or average market value                               6,690         5,324 

Dilutive shares under Employee
  Stock Purchase Plan - based
  on average shares issuable                            3,468         3,275 
                                                  ------------  ------------
    TOTAL                                           2,856,590     2,863,258 



Net Income per Share                                   $ 0.32        $ 0.48 
                                                       =======       =======









<PAGE>
Pulaski Furniture Corporation
Part II  -  Other Information


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

  On February 9, 1996, the Corporation held its annual meeting of 
  shareholders, at which the following business was transacted:

    Bernard C. Wampler, Harry H. Warner and Harry J. G. van Beek were
    elected to serve as Class III directors of the Corporation, each
    for a term of three years.

    The votes for the election of the Class II directors were as follows:

                                       FOR     AGAINST     ABSTAIN 
                                 ----------  ----------  ----------
        Mr. Wampler               2,512,234           0      12,517
        Mr. Warner                2,512,134           0      12,617
        Mr. van Beek              2,510,743           0      14,008

    The terms of the following directors continued beyond the 1996 annual
    meeting:  John G. Wampler, John D. Munford, John W. Stanley, and
    Hugh V. White, Jr.

Item 5.    Other Information

  All other information called for by other items of Part II of the Form 10-Q
  is either inapplicable or the response to the items would be negative.


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:  February 29, 1996              /s/ John G. Wampler
                                     ---------------------------------------
                                     John G. Wampler
                                     (President and Chief Operating Officer)



                                      /s/ Jason A. Gibbs
                                     ---------------------------------------
                                     Jason A. Gibbs, CFO
                                     (Principal Accounting Officer)