SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 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 September 30, 1996

     ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                         Commission File Number 1-13082

                         KENNETH COLE PRODUCTIONS, INC.
             (Exact name of registrant as specified in its charter)

          New York                                             13-3131650
(State or other jurisdiction of                             (I.R.S. Employer
 incorporation or organization)                           Identification Number)

   152 West 57th Street, New York, NY                            10019
(Address of principal executive offices)                       (Zip Code)

        Registrant's telephone number, including area code (212) 265-1500

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 of each of the issuer's  classes of common  stock,
as of the latest practicable date:

                    Class                                   November 4, 1996
                    -----                                   ----------------

        Class A Common Stock ( $.01 par value)                  7,353,179
        Class B Common Stock ( $.01 par value)                  5,785,398


                                  Page 1 of 18
                        Exhibit Index Appears on Page 16


<PAGE>



                         Kenneth Cole Productions, Inc.
                                  Index to 10-Q

Part I. FINANCIAL INFORMATION

Item 1. Financial Statements (Unaudited)

      Consolidated Balance Sheets as of September 30, 1996
      and December 31, 1995 ...............................................    3

      Consolidated Statements of Income for the three month
      and nine month periods ended September 30, 1996 and 1995 ............    5

      Consolidated Statement of Changes in Shareholders'
      Equity for the nine month period ended
      September 30, 1996 ..................................................    6

      Consolidated  Statements  of Cash Flows for the
      nine month  periods  ended September 30, 1996 and 1995 ..............    7

      Notes to Consolidated Financial Statements ..........................    8

Item 2. Management's Discussion and Analysis of Results of Operations
        and Financial Condition ...........................................   10

Part II. OTHER INFORMATION

Item 1. Legal Proceedings .................................................   14

Item 2. Changes in Securities .............................................   14

Item 3. Defaults Upon Senior Securities ...................................   14

Item 4. Submission of Matters to a Vote of Security Holders ...............   14

Item 5. Other Information .................................................   14

Item 6. Exhibits and Reports on Form 8-K ..................................   14

Signatures ................................................................   15



                                        2

<PAGE>


                 Kenneth Cole Productions, Inc. and Subsidiaries
                           Consolidated Balance Sheets

                                                    September 30,   December 31,
                                                         1996          1995
                                                  ------------------------------
                                                      (Unaudited)

Assets
Current assets:

  Cash                                                 $ 1,055,000   $ 2,204,000
  Due from factors                                      21,530,000    13,898,000
  Accounts receivable, net                               2,921,000     2,316,000
  Inventories                                           20,346,000    16,361,000
  Prepaid expenses and other current assets              1,464,000       909,000
  Deferred taxes                                           514,000       514,000
                                                  ------------------------------

Total current assets                                    47,830,000    36,202,000


Property and equipment:

  Furniture and fixtures                                 2,886,000     1,716,000
  Machinery and equipment                                2,455,000     1,788,000
  Leasehold improvements                                 5,619,000     4,523,000
                                                  ------------------------------
                                                        10,960,000     8,027,000

  Less accumulated depreciation and amortization         3,085,000     2,374,000
                                                  ------------------------------
Net property and equipment                               7,875,000     5,653,000
                                                  ------------------------------

Other assets:

  Deferred taxes                                           422,000       422,000
  Deposits and sundry                                    1,657,000     1,030,000
                                                  ------------------------------
Total other assets                                       2,079,000     1,452,000
                                                  ------------------------------
Total assets                                           $57,784,000   $43,307,000
                                                  ==============================






          See accompanying notes to consolidated financial statements.



                                        3
<PAGE>



                 Kenneth Cole Productions, Inc. and Subsidiaries
                           Consolidated Balance Sheets

                                                                    

                                                   September 30,    December 31,
                                                       1996             1995
                                                  ------------------------------
                                                    (Unaudited)

Liabilities and shareholders' equity 
Current liabilities:

  Accounts payable                                 $  7,891,000    $  6,765,000
  Accrued expenses and other current liabilities      2,107,000       1,859,000
  Current portion of long-term debt                      59,000          54,000
  Income taxes payable                                2,421,000
  Deferred license income                               227,000         121,000
                                                  ------------------------------
Total current liabilities                            12,705,000       8,799,000
                                                  ------------------------------

Deferred rent payable                                   428,000         367,000
Other non-current liabilities                         1,024,000         652,000


Shareholders' equity:

  Preferred stock, par value $1.00,
    1,000,000 shares authorized,
    none outstanding

  Class A common stock, par value $.01,
    20,000,000 shares authorized,
    7,335,841 and 7,299,382
    outstanding in 1996 and 1995                         73,000          73,000

  Class B common stock, par value $.01,
    6,000,000 shares authorized,
    5,785,398 outstanding                                58,000          58,000

  Additional paid-in capital                         18,741,000      18,510,000
  Translation adjustments                                 1,000
  Retained earnings                                  24,879,000      15,145,000
  Deferred compensation                                (125,000)       (297,000)
                                                  ------------------------------

Total shareholders' equity                           43,627,000      33,489,000

                                                  ------------------------------
Total liabilities and shareholders' equity         $ 57,784,000    $ 43,307,000
                                                  ==============================


          See accompanying notes to consolidated financial statements.


                                       4
<PAGE>

                 Kenneth Cole Productions, Inc. and Subsidiaries
                        Consolidated Statements of Income
                                   (Unaudited)
<TABLE>
<CAPTION>

                                            Three Months Ended           Nine Months Ended
                                               September 30                 September 30
                                       ---------------------------   ---------------------------
                                           1996           1995           1996           1995
                                       ---------------------------   ---------------------------

<S>                                    <C>            <C>            <C>            <C>         
Net sales                              $ 39,841,000   $ 32,574,000   $109,970,000   $ 83,965,000

Cost of goods sold                       23,341,000     18,845,000     64,373,000     48,765,000
                                       ---------------------------   ---------------------------
Gross profit                             16,500,000     13,729,000     45,597,000     35,200,000


Licensing and other income                  887,000        486,000      2,042,000      1,252,000


Selling, general and administrative,
 and shipping and warehousing            10,573,000      8,429,000     31,222,000     22,759,000
                                       ---------------------------   ---------------------------

Operating income                          6,814,000      5,786,000     16,417,000     13,693,000


Interest expense, net                        17,000         44,000         32,000          3,000
                                       ---------------------------   ---------------------------



Income before provision for
 income taxes                             6,797,000      5,742,000     16,385,000     13,690,000

Provision for income taxes                2,720,000      2,297,000      6,651,000      5,476,000
                                       ---------------------------   ---------------------------
Net income                             $  4,077,000   $  3,445,000   $  9,734,000   $  8,214,000
                                       ===========================   ===========================

Net income per share                   $        .30   $        .25   $        .72   $        .60
                                       ===========================   ===========================

</TABLE>



          See accompanying notes to consolidated financial statements.



                                       5
<PAGE>


                 Kenneth Cole Productions, Inc. and Subsidiaries
            Consolidated Statement of Changes in Shareholders' Equity
                                   (Unaudited)
<TABLE>
<CAPTION>

                           Class A            Class B
                        Common Stock        Common Stock
                     -----------------   -----------------   Total   Additional                         Deferred
                      Number              Number             Common   Paid-in   Translation  Retained   Compen-
                     of shares  Amount   of shares  Amount   Stock    Capital   Adjustment   Earnings   sation       Total
                     ---------  ------   ---------  ------   -----    -------   ----------   --------   ------       -----

<S>                  <C>         <C>     <C>        <C>     <C>      <C>           <C>     <C>         <C>        <C>        
Shareholders' equity
  January 1, 1996    7,299,382   $73,000 5,785,398  $58,000 $131,000 $18,510,000           $15,145,000 ($297,000) $33,489,000


Exercise of Stock
  Options               36,459                                           231,000                                      231,000


Net Income                                                                                   9,734,000              9,734,000

Translation
  Adjustment                                                                       $1,000                               1,000

Amortization of
  deferred
  compensation                                                                                           172,000      172,000
                     ========================================================================================================

Shareholders' equity
 September 30, 1996  7,335,841   $73,000 5,785,398  $58,000 $131,000 $18,741,000   $1,000  $24,879,000 ($125,000) $43,627,000
                     ========================================================================================================

</TABLE>




           See accompanying notes to consolidated financial statements



                                       6
<PAGE>


                 Kenneth Cole Productions, Inc. and Subsidiaries
                Consolidated Statements of Cash Flows (Unaudited)

                                                          Nine Months Ended
                                                            September 30,
                                                     ---------------------------
                                                         1996          1995
                                                     ---------------------------
Cash flows from operating activities

Net income                                             9,734,000      8,214,000
Adjustments to reconcile net income to net cash
 (used in) provided by operating activities:

  Depreciation and amortization                          711,000        590,000
  Amortization of deferred compensation                  172,000        195,000
  Provision for doubtful accounts                         10,000         21,000
  Provision  for deferred taxes                                          25,000
  Increase in rent payable                                               53,000
  Changes in assets and liabilities:

   Increase in due from factors                       (7,632,000)    (8,227,000)
   (Increase) decrease in accounts receivable           (615,000)       897,000
   Increase in inventories                            (3,985,000)    (4,666,000)
   Increase in prepaid expenses and
    other current assets                                (555,000)    (1,187,000)
   Increase in deposits                                 (627,000)      (403,000)
   Increase (decrease) in accounts payable             1,126,000       (794,000)
   Increase in income taxes payable                    2,421,000        842,000
   Increase (decrease) in accrued expenses
    and other current liabilities                        354,000        (80,000)
   Increase in other non-current liabilities             438,000        373,000
                                                     ---------------------------
Net cash provided by (used in) operating activities    1,552,000     (4,147,000)
Cash flows from investing activities

Acquisition of property and equipment, net            (2,933,000)    (1,843,000)
                                                     ---------------------------
Net cash used in investing activities                 (2,933,000)    (1,843,000)
Cash flows from financing activities

Proceeds from revolving line of credit, net                           1,499,000
Proceeds from exercise of stock options                  231,000        436,000
Repayment of long-term debt                                             (52,000)
                                                     ---------------------------
Net cash provided by financing activities                231,000      1,883,000
Effect of exchange rate changes on cash                    1,000
                                                     ---------------------------
Net decrease in cash                                  (1,149,000)    (4,107,000)
Cash, beginning of period                              2,204,000      5,315,000
                                                     ---------------------------
Cash, end of period                                  $ 1,055,000    $ 1,208,000
                                                     ===========================
Supplemental disclosures of cash flow information

Cash paid during the period for:

  Interest                                           $   102,000    $    74,000
  Income taxes                                       $ 3,485,000    $ 4,620,000






           See accompanying notes to consolidated financial tatements.


                                       7
<PAGE>

                 Kenneth Cole Productions, Inc. and Subsidiaries
                   Notes to Consolidated Financial Statements
                                   (Unaudited)

General

The accompanying  unaudited consolidated financial statements have been prepared
in  accordance  with  generally  accepted  accounting   principles  for  interim
financial information.  Accordingly,  they do not include all of the information
and footnotes required by generally accepted accounting  principles for complete
financial  statements.  The data  contained in these  financial  statements  are
unaudited  and are subject to year end  adjustment,  however,  in the opinion of
management, all adjustments (consisting of normal recurring accruals) considered
necessary for a fair presentation have been included.  Operating results for the
three and nine  month  periods  ended  September  30,  1996 are not  necessarily
indicative  of the results that may be expected for the year ended  December 31,
1996. For further  information,  refer to the consolidated  financial statements
and footnotes  thereto  included in the Company's annual report on Form 10-K for
the year ended December 31, 1995.

The consolidated balance sheet at December 31, 1995 was derived from the audited
financial statements.

Basis of Presentation

The  consolidated  financial  statements  include the  accounts of Kenneth  Cole
Productions,   Inc.  and  its  wholly  owned   subsidiaries.   All  intercompany
transactions and balances have been eliminated.  Certain amounts in prior year's
financial   statements   have  been   reclassified  to  conform  with  the  1996
presentation.

Net Income Per Share

Net  income  per share is based on the  average  number  of  shares  outstanding
including the effect of dilutive stock options.



                                       8
<PAGE>

                 Kenneth Cole Productions, Inc. and Subsidiaries
                   Notes to Consolidated Financial Statements
                                   (Unaudited)

Contingencies

In 1992, legal action was commenced  against the Company in the Supreme Court of
the State of New York situated in New York County.  The  complaint  alleged that
the Company had breached its  obligations  under a lease with the  plaintiff for
the rental of office space in New York City and, as amended,  sought  damages of
approximately  $851,000,  representing  all rent then due under  the  lease.  In
January  1994,  a judgment  was  entered  against  the  Company in the amount of
approximately $719,000, including interest costs and disbursements.  The Company
contested  the award  based on the  grounds  that the  plaintiff  had  failed to
mitigate its damages.  In December 1995, the Court of Appeals affirmed the order
of the Appellate Division.  Following the Court of Appeals decision, the Company
paid the full amount of  judgment,  plus post  judgment  interest,  in the total
amount of $846,000.

In January  1994,  a second  action was  commenced  against  the  Company by the
plaintiff  in the  Supreme  Court of the State of New York  situated in New York
County for additional  rent due under the lease.  The  complaint,  as amended in
December 1995, sought damages of approximately $789,000.

In May 1996, the Company paid $608,000 in satisfaction of all plaintiff's claims
in  the  actions  mentioned  above,  exclusive  of  the  plaintiff's  claim  for
attorneys' fees. The Company believes it has established  adequate reserves with
respect to this matter.



                                       9
<PAGE>





                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Results of Operations

The following table sets forth the Company's condensed  consolidated  statements
of income in thousands of dollars and as percentage of net sales for the quarter
ended  September  30, 1996 and September 30, 1995 as well as for the nine months
ended September 30, 1996 and September 30, 1995.

                                                  Three Months ended
                                                  ------------------
                                      September 30, 1996      September 30, 1995
                                      ------------------      ------------------

     (in thousands)

     Net sales                         $39,841     100.0%     $32,574     100.0%
     Gross Profit                       16,500      41.4       13,729      42.1
     Licensing income                      887       2.2          486       1.5
     Selling, general and
        administrative expenses         10,573      26.6        8,429      25.9
     Operating income                    6,814      17.0        5,786      17.8
     Interest income, net                   17       0.0           44       0.0
     Income before income taxes          6,797      17.1        5,742      17.6
     Income tax expense                  2,720       6.8        2,297       7.1
     Net income                          4,077      10.2        3,445      10.6
     

                                                   Nine Months ended
                                                   -----------------
                                       September 30, 1996     September 30, 1995
                                       ------------------     ------------------

     (in thousands)

     Net sales                        $109,970     100.0%     $83,965     100.0%
     Gross Profit                       45,597      41.5       35,200      41.9
     Licensing income                    2,042       1.9        1,252       1.5
     Selling, general and
        administrative expenses         31,222      28.4       22,759      27.1
     Operating income                   16,417      14.9       13,693      16.3
     Interest expense, net                  32       0.0            3       0.0
     Income before income taxes         16,385      14.9       13,690      16.3
     Income tax expense                  6,651       6.0        5,476       6.5
     Net income                          9,734       8.9        8,214       9.8
     



                                       10
<PAGE>





Three Months Ended  September 30, 1996 Compared to Three Months Ended  September
30, 1995

Net sales  increased  $7.2  million,  or 22.3%,  to $39.8  million for the three
months ended  September  30, 1996 compared to net sales of $32.6 million for the
three months ended  September  30, 1995.  Net sales of the  Company's  wholesale
operations,  excluding sales to its retail division,  increased $4.3 million, or
15.3%,  to 32.4 million from $28.1  million.  This increase was primarily due to
increases in sales of Kenneth Cole branded men's  footwear and leather goods and
Unlisted  branded  footwear as a result of greater brand  awareness and consumer
acceptance.  Sales through the Company's retail and outlet stores increased $2.9
million, or 64.4%, to $7.4 million for the three months ended September 30, 1996
compared to the three months ended  September  30, 1995.  This  increase was the
result of the sales of twenty  stores which  generated a 2.2%  comparable  store
sales  decrease,  the sales of seven retail and outlet  stores open in the third
quarter of 1996  which were not open in the third  quarter of 1995 and the sales
of four stores (one  international)  which  opened  during the third  quarter of
1996.

Gross profit was $16.5 million or 41.4% for the three months ended September 30,
1996, an increase of $2.8 million, or 20.2%, from $13.7 million or 42.1% for the
three months ended September 30, 1995. This decrease in gross profit  percentage
is attributed, in part, to changes in sales mix (i.e., increased sales generated
on a  first-cost  basis which carry lower  margins  than  wholesales  and retail
sales), and lower margins on sales of Kenneth Cole branded womens footwear.  The
decrease in gross  profit  percentage  is  partially  offset by the  increase in
retail store sales as a percentage  of total sales  (retail  gross margins being
higher than wholesale gross margins as a percentage of net sales).

The Company continues to expand its licensing efforts,  resulting in an increase
in licensing  income of $401,000,  or 82.5% for the three months ended September
30, 1996 compared to the three months ended September 30, 1995.

Selling, general and administrative expenses, including shipping and warehousing
costs,  were $10.6  million,  or 26.6% of net sales for the three  months  ended
September  30,  1996,  compared to $8.4  million or 25.8% of net sales,  for the
three months ended  September  30,  1995.  The increase in selling,  general and
administrative  expense is due to the additional retail and outlet stores, which
carry a higher expense level than the wholesale division.

As a result of the  above,  operating  income  increased  17.8% to $6.8  million
(17.1% of net sales) from $5.8 million (17.7% of net sales) for the three months
ended September 30, 1996 and September 30, 1995, respectively.





                                       11
<PAGE>





Nine Months Ended September 30, 1996 Compared to Nine Months Ended September 30,
1995

Net sales were $110.0  million in the first nine months of 1996  compared to $84
million in the prior  year's  period,  an increase of $26 million or 31.0 %. Net
sales of the  Company's  wholesale  operations  (excluding  sales to its  retail
division)  increased  $16.6 million or 22.9% to $89.4 million in the nine months
from $72.8  million in last year's same period.  This increase was primarily due
to  increases  in  sales of all  product  lines as a  result  of  greater  brand
awareness  including sales of the recently introduced product line, Kenneth Cole
Reaction.  Sales through the Company's  retail and outlet stores  increased $9.4
million or 83.9% to $20.5 million.  This increase reflects flat comparable store
sales  based on 20 retail  and  outlet  stores,  nine of which were open for the
entire nine months ended  September 30, 1996,  the sales of four stores open for
the  entire  first  nine  months of 1996  which  were not open in the first nine
months of 1995 and the sales of seven stores opened during the first nine months
of 1996, including one international retail store.

Gross profit was $45.6  million for the nine month period  ended  September  30,
1996,  an  increase  of $10.4  million,  or 30.0%,  from  $35.2  million  in the
comparable period last year. As a percentage of sales, gross profit decreased to
41.5% from 42.0%.  This was primarily  attributable  to changes in the Company's
sales mix of products  (i.e.,  an increase in sales  generated  on a  first-cost
basis,  which carry lower gross margins than those  generated from wholesale and
retail sales).

Selling,  general and administrative expenses including shipping and warehousing
costs were $31.2  million or 28.4% of net sales for the nine month  period ended
September 30, 1996,  and $22.8  million or 27.1% of net sales in the  comparable
period last year.  The increase is primarily  due to the  additional  retail and
outlet stores,  which carry higher  expense levels than the wholesale  divisions
and the hiring of additional personnel to support the Company's growth. Selling,
general  and  administrative  expenses  related to the  wholesale  division as a
percentage  of net  sales,  decreased  from  22.4%  for the  nine  months  ended
September 30, 1995 to 21.5% for the nine months ended September 30, 1996.

As a result of the above,  operating  income  increased 19.9% for the nine month
period ended September 30, 1996 to $16.4 million (14.9% of net sales) from $13.7
million (16.3% of net sales) for the same period last year.



                                       12
<PAGE>






Liquidity and Capital Resources

The Company uses cash from operations and borrowings under its revolving line of
credit as the  primary  sources of  financing  for its  expansion  and  seasonal
requirements. Cash requirements vary from time to time as a result of the timing
of the receipt of  merchandise  from  suppliers,  the delivery by the Company of
merchandise  to its  customers,  the level of accounts  receivable  and due from
factors balances and the Company's  inventory levels. Cash provided by operating
activities  was $1.6  million  for the nine months  ended  September  30,  1996,
compared to $4.1 million used in operating  activities for the nine months ended
September 30, 1996. The increase in cash flow from  operations is  attributable,
in part, to the timing of the payment of income taxes and trade accounts payable
and smaller  increases  in the  inventories  and due from  factors  balance.  At
September 30, 1996 and December 31, 1995,  working capital was $35.1 million and
$27.4 million, respectively.

The Company currently has a $20.0 million line of credit under which up to $10.0
million is available to finance  working  capital  requirements  and up to $10.0
million in letters of credit is  available  to finance the  Company's  inventory
purchases.

Capital  expenditures  totaled  $2.9 million and $1.7 million in the nine months
ended September 30, 1996 and 1995,  respectively.  Capital  expenditures  relate
primarily to the Company's  retail and outlet store expansion and to the further
development and enhancement of the Company's management information systems.

The Company  believes that cash flows from  operations and borrowings  under its
existing credit  facilities will be sufficient to satisfy the Company's  working
capital requirements for the next twelve months.

Important Factors Relating to Forward Looking Statements

This report  contains  certain  forward  looking  statements,  as defined in The
Private  Securities  Litigation  Reform Act of 1994,  with respect to cash flows
from operations.  The forward-looking statements contained in the Form 10-Q were
prepared  by  management  and are  qualified  by, and  subject  to,  significant
business,  economic,   competitive,   regulatory  and  other  uncertainties  and
contingencies,  all of which are  difficult or impossible to predict and many of
which are  beyond  the  control  of the  Company.  Accordingly,  there can be no
assurance that the forward-looking  statements  contained in this Form 10-Q will
be realized or that actual results will not be significantly higher or lower.



                                       13
<PAGE>





                           Part II - OTHER INFORMATION

Item 1. Legal Proceedings. Incorporated by reference to the Financial Statements
        included  herein  Part I,  Item I. See Notes to  Consolidated  Financial
        Statements Contingencies.

Item 2. Changes in Securities.   None.

Item 3. Defaults Upon Senior Securities. None

Item 4. Submission of Matters to a Vote of Security Holders. None.

Item 5. Other Information. None

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

        (a) Exhibits:

               27     Financial Data Schedule

        (b)  Reports on Form 8-K:  The  Company did not file any reports on Form
             8-K during the three months ended September 30, 1996.



                                       14
<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.

                                                  Kenneth Cole Productions, Inc.
                                                  ------------------------------
                                                          Registrant



November 13, 1996                             /S/ STANLEY A. MAYER
                                                  ------------------------------
                                                  Stanley A. Mayer
                                                  Executive Vice President and
                                                  Chief Financial Officer





                                       15
<PAGE>

                                INDEX OF EXHIBITS

                                                                      Sequential
Exhibit Number:              Description                               Page No.
---------------              -----------                               --------

27                           Financial Data Schedule                     17














                                       16