Page 1 of 20

                              UNITED STATES
                    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 Quarter Ended September 30, 1995 or

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) of the Securities
Exchange Act of 1934 for the Period ____________ to ____________.


                      Commission file number 1-11200

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

       Delaware                              06-1207662
(State of Incorporation)       (I.R.S. Employer Identification Number)


           4 Landmark Square
         Stamford, Connecticut                              06901
(Address of Principal Executive Offices)                 (Zip Code)

    Registrant's telephone number, including area code (203) 975-7110


Indicate by  check  mark  whether 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 [   ]

As of November 13, 1995, the  number of shares outstanding  of each of the
issuer's classes of common stock is as follows:

          Classes of shares of                         Number of
common stock outstanding, $0.01 par value          shares outstanding

                Class A                                    1
                Class B                                    1<PAGE>


                                                               Page 2 of 20
Part I. Financial Information
Item 1. Financial Statements

                            SILGAN CORPORATION
                  CONDENSED CONSOLIDATED BALANCE SHEETS
                              (In thousands)

                                          Sept. 30,  Sept. 30,  Dec. 31,
                                            1995       1994       1994
                                         (unaudited)(unaudited)(audited)
ASSETS
Current assets:
  Cash and cash equivalents              $    3,847  $  2,450  $  2,665
  Accounts receivable, net                  268,469   108,612    65,229
  Inventories                               196,584   100,993   122,429
  Prepaid expenses and other current
   assets                                    21,111     4,170     8,044
     Total current assets                   490,011   216,225   198,367

Property, plant and equipment, net          496,392   279,523   251,810
Advance to Parent                            57,596       -         -
Goodwill, net                                43,966    23,518    30,009
Other assets                                 41,007    22,291    20,491
                                         $1,128,972  $541,557  $500,677

LIABILITIES AND STOCKHOLDER'S EQUITY
Current liabilities:
  Trade accounts payable                 $   96,159  $ 50,536  $ 36,845
  Accrued payroll and related costs          35,400    25,382    26,019
  Accrued interest payable                   10,449     5,325     1,713
  Accrued expenses and other current
   liabilities                               44,001    14,804    17,542
  Bank working capital loans                184,000       850    12,600
  Current portion of long-term debt           7,250    20,000    21,968
     Total current liabilities              377,259   116,897   116,687

Long-term debt                              577,750   300,000   282,568
Deferred income taxes                        13,017    13,544    13,017
Other long-term liabilities                  78,659    34,542    25,060

Common stockholder's equity:
  Additional paid-in capital                 74,635    74,835    69,535
  Retained earnings (deficit)                 7,652     1,739    (6,190)
     Total common stockholder's equity       82,287    76,574    63,345
                                         $1,128,972  $541,557  $500,677


                         See accompanying notes.<PAGE>


                                                               Page 3 of 20
                            SILGAN CORPORATION
             CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                               (Unaudited)
                              (In thousands)


                                                    Three Months Ended

                                                   Sept. 30,   Sept. 30,
                                                      1995        1994

Net sales                                           $406,515   $286,037

Cost of goods sold                                   364,832    249,596

  Gross profit                                        41,683     36,441

Selling, general and administrative expenses          13,144      9,094

  Income from operations                              28,539     27,347

Interest expense and other related financing costs    15,977      9,547

  Income before income taxes                          12,562     17,800

Income tax provision                                   5,100      7,175

  Income before extraordinary charge                   7,462     10,625

Extraordinary charge relating to early
  extinguishment of debt, net of taxes                 2,967        -  

  Net income                                        $  4,495   $ 10,625









                         See accompanying notes.<PAGE>


                                                               Page 4 of 20
                            SILGAN CORPORATION
             CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                               (Unaudited)
                              (In thousands)


                                                    Nine Months Ended

                                                   Sept. 30,   Sept. 30,
                                                      1995        1994

Net sales                                           $811,505   $673,240

Cost of goods sold                                   710,975    585,729

  Gross profit                                       100,530     87,511

Selling, general and administrative expenses          30,459     27,145

  Income from operations                              70,071     60,366

Interest expense and other related financing costs    35,068     26,844

  Income before income taxes                          35,003     33,522

Income tax provision                                  14,400     13,625

  Income before extraordinary charge                  20,603     19,897

Extraordinary charge relating to early
  extinguishment of debt, net of taxes                 2,967        -  

  Net income                                        $ 17,636   $ 19,897









                         See accompanying notes.<PAGE>


                                                               Page 5 of 20
                            SILGAN CORPORATION
             CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                               (Unaudited)
                              (In thousands)
                                                         Nine Months Ended
                                                        Sept.30,  Sept.30,
                                                          1995      1994
Cash flows from operating activities:
  Net income                                           $ 17,636  $ 19,897
  Adjustments to reconcile net income to net
       cash provided by operating activities:
     Depreciation                                        27,233    27,469
     Amortization                                         4,848     4,540
     Other items                                          1,122       629
     Contribution by Parent for federal income tax
       provision                                          6,700    10,700
     Extraordinary charge relating to early
       extinguishment of debt, net of taxes               2,967       -
     Changes in assets and liabilities:
          (Increase) in accounts receivable            (114,262)  (64,766)
          Decrease in inventories                        63,748     7,660
          Increase (decrease) in trade accounts payable  (4,863)   18,623
          Other, net                                     15,433     7,684
            Total adjustments                             2,926    12,539
     Net cash provided by operating activities           20,562    32,436

Cash flows from investing activities:
  Acquisition of ANC's Food Metal & Specialty business (347,052)      -
  Capital expenditures                                  (30,414)  (17,015)
  Proceeds from sale of assets                            3,398       -  
     Net cash used in investing activities             (374,068)  (17,015)

Cash flows from financing activities:
  Borrowings under working capital loans                490,410   281,100
  Repayments under working capital loans (including
     $14,662 due from ANC at 9/30/95)                  (333,672) (282,450)
  Proceeds from issuance of long-term debt              450,000       -
  Repayment of long-term debt                          (169,660)   (5,000)
  Advance to Parent                                     (57,596)      -
  Payments to former shareholders                        (3,794)   (6,826)
  Debt issuance costs                                   (21,000)      -  
     Net cash provided (used) by financing activities   354,688   (13,176)

Net increase in cash and cash equivalents                 1,182     2,245
Cash and cash equivalents at beginning of year            2,665       205
Cash and cash equivalents at end of period             $  3,847  $  2,450

Supplementary data:
  Interest paid                                        $ 23,017  $ 18,938
  Income taxes paid                                       8,592     2,283
                         See accompanying notes.<PAGE>


                                                               Page 6 of 20
                            SILGAN CORPORATION
           NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
         (Information at September 30, 1995 and 1994 and for the
          three months and nine months then ended is unaudited)

1.  Basis of Presentation

The accompanying condensed unaudited  consolidated financial statements of
Silgan Corporation  ("Silgan"  or  the "Company")  have  been  prepared in
accordance with  Rule  10-01  of Regulation  S-X  and,  therefore,  do not
include all information and footnotes necessary for a fair presentation of
financial position,  results of  operations and  cash flows  in conformity
with generally  accepted  accounting  principles.   All  adjustments  of a
normal recurring nature  have been  made, including  appropriate estimates
for reserves and  provisions which are  normally determined  or settled at
year end.    In the  opinion  of the  Company,  however,  the accompanying
financial statements  contain  all  adjustments  (consisting  solely  of a
normal recurring nature)  necessary to  present fairly  Silgan's financial
position as of  September 30,  1995 and  1994 and  December 31,  1994, the
results of operations for the three months and nine months ended September
30, 1995 and 1994,  and the statements of  cash flows for  the nine months
ended September 30, 1995 and 1994.

While the Company believes that the  disclosures presented are adequate to
make the information not misleading, it  is suggested that these financial
statements be read in conjunction with  the financial statements and notes
included in  Silgan's  Annual  Report on  Form  10-K  for  the  year ended
December 31, 1994.

Effective October 1, 1994, the Company extended the estimated useful lives
of certain fixed assets  to more properly reflect  the true economic lives
of such assets  and to better  align the Company's  depreciable lives with
the predominate practice in  its industry.   The change had  the effect of
decreasing depreciation expense  for the  nine months ended  September 30,
1995 by $4.5 million and increasing net income by $2.6 million.

2.  Inventories

Inventories consisted of the following (in thousands):

                                        Sept. 30,  Sept. 30,  Dec. 31,
                                           1995      1994       1994
  Raw materials and supplies            $ 46,020   $ 27,973   $ 40,196
  Work-in-process                         22,588     15,907     19,045
  Finished goods                         132,804     56,133     63,409
                                         201,412    100,013    122,650
  Adjustment to value inventory
    at cost on the LIFO Method            (4,828)       980       (221)
                                        $196,584   $100,993   $122,429<PAGE>


                                                               Page 7 of 20
                            SILGAN CORPORATION
           NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
         (Information at September 30, 1995 and 1994 and for the
          three months and nine months then ended is unaudited)

3.   Acquisitions

On  August  1,   1995,  Silgan  Containers   Corporation,  a  wholly-owned
subsidiary of the Company ("Containers"),  acquired from American National
Can Company  ("ANC") substantially  all of  the  fixed assets  and working
capital, and assumed certain specified limited  liabilities, of ANC's Food
Metal & Specialty  business (the "Business"),  which manufactures, markets
and sells metal food containers and rigid plastic containers for a variety
of food  products  and  metal caps  and  closures  for  food  and beverage
products.   The  final purchase  price  for the  assets  acquired  and the
assumption of certain  specified liabilities  was $362.3 million  in cash,
which included $170.3 million for the net working capital of the Business.
The acquisition has been  accounted for as a  purchase transaction and the
results of operations have  been included with the  Company's results from
the acquisition  date.   The  total  purchase cost  was  allocated  to the
tangible and  identifiable  intangible  assets  acquired  and  liabilities
assumed based  upon  their  respective  fair  values  as  determined  from
preliminary appraisals and valuations, and the  excess ($15.0 million) was
allocated to  goodwill and  is being  amortized  over 40  years  using the
straight line method.

As part of the acquisition, the  Company intends to acquire the operations
of the St.  Louis, MO  facility of ANC's  Food Metal  & Specialty business
upon completion by ANC of a rationalization project at that facility.  The
Company anticipates that the St. Louis  operation will be acquired by mid-
1996 for  an  estimated  purchase  price  of  $15.2  million  and  related
assumption of  certain  post-retirement  benefit  obligations  for  active
employees.  The  aggregate purchase  price of  $362.3 million  referred to
above assumes that the  purchase of this facility  was coincident with the
acquisition of the remainder of the Business.

In conjunction with  the acquisition,  the Company  entered into  a $675.0
million credit facility  pursuant to a  new credit  agreement (the "Credit
Agreement"), the proceeds of  which were used to  finance the acquisition,
to refinance in full amounts owing under the existing credit agreement and
Silgan's $50.0 million  Senior Secured Floating  Rate Notes  due 1997 (the
"Secured Notes"), to  advance on  a non-interest  bearing basis  to Silgan
Holdings Inc.,  the parent  company of  Silgan  ("Holdings"), up  to $75.0
million for  the repurchase  by Holdings  of  its 13-1/4%  Senior Discount
Debentures due  2002  (the  "13-1/4% Debentures"),  and  to  pay  fees and
expenses associated therewith.  As a result of the early extinguishment of
amounts owed  under  its  existing secured  debt  facilities,  the Company
incurred a pre-tax charge of $5.1 million.<PAGE>


                                                               Page 8 of 20
                            SILGAN CORPORATION
           NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
         (Information at September 30, 1995 and 1994 and for the
          three months and nine months then ended is unaudited)


The credit facility permits Silgan at  any time prior to  June 30, 1996 to
borrow up to $75.0 million of working  capital loans which may be advanced
to Holdings  to fund  Holdings' repurchase  of  a portion  of  its 13-1/4%
Debentures.  During  the third quarter,  Silgan advanced  $57.6 million to
Holdings to fund  such repurchases.   The Company intends  to make further
advances of up to $17.4 million to fund additional repurchases by Holdings
of its 13-1/4% Debentures prior to June 30, 1996.

Set forth below  is the Company's  summary unaudited pro  forma results  of
operations for the  nine months  ended September 30,  1995 and  1994.   The
unaudited pro  forma  results  of operations  for  the  nine  months  ended
September 30, 1995 include the historical  results of the Business for  the
period  ended  July  31,  1995  and  give  effect  to  certain  pro   forma
adjustments.  The unaudited  pro forma results of  operations for the  nine
months ended  September 30,  1994 include  the  historical results  of  the
Business and the  Company for such  period and give  effect to certain  pro
forma adjustments.

The pro forma adjustments to the  historical results of operations  reflect
the effect  of  purchase  accounting  adjustments  based  upon  preliminary
appraisals and  valuations,  the  financing  of  the  acquisition  and  the
refinancing of the  Company's secured  debt obligations  and certain  other
adjustments as if  these events  had occurred as  of the  beginning of  the
periods presented.  The following unaudited pro forma results of operations
do not purport to represent what the Company's results of operations  would
actually have been had the transactions in fact occurred on January 1, 1995
or 1994, or to project the  Company's results of operations for any  future
period (in thousands):
                                                   September 30,  
                                                1995          1994

          Net sales                        $1,113,982    $1,144,041
          Income from operations               97,807       101,599
          Income before income taxes           47,493        51,564
          Net income                           28,021        30,423<PAGE>


                                                               Page 9 of 20
Item 2.

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


The results of operations presented below include the operating results of
ANC's Food Metal & Specialty business from August 1, 1995, its acquisition
date.   For  segment  reporting  purposes,  the  acquired  Business, which
manufactures,  markets  and  sells  metal   food  containers  and  certain
specialty items, principally metal caps and closures for food and beverage
products, will be included in Containers'  business and reported under the
metal containers & specialty segment.

The acquisition of the Business provides  the Company with the opportunity
to   realize  cost   reductions  through  both   the  integration  of  the
selling, general  and  administrative  operations  of  its  existing metal
container  business  with  that  of the  Business  and  through production 
and   manufacturing   synergies  of  combined  operations.    The  Company
anticipates   it   will    fully   realize   the   benefit  of integrating      
selling   and   administrative   functions    and   certain  manufacturing
economies  by  early  1996.    On   the   other   hand,   benefits   which
may be realized  by rationalization  of plant  operations  will  not occur
before 1997.  Because of  higher labor costs of  the acquired Business and
the fact  that any  benefits from  plant  rationalizations will  not occur
until after 1996, the Company expects that  the gross margin for its metal
container business will decline modestly from its historical rate.

Although employee termination costs associated with plant rationalizations
and  administrative  workforce  reductions  and  other  plant  exit  costs
associated with the acquired  Business have been  accrued through purchase
accounting adjustments, the Company will  be incurring other non-recurring
costs during 1995 and  1996 which under  current accounting pronouncements
will be  charged against  operating income.    These costs,  which include
redundant and one-time charges incurred for the integration of the selling
and administrative  functions  as  well  as  costs  associated  with plant
rearrangement and clean-up, are estimated to approximate $4.0 million.

Because  the  Company  sells  food  containers   to  vegetable  and  fruit
processors, its sales  are seasonal.   A significant  portion of  sales to
fresh-pack customers are made  during the third quarter  and are dependent<PAGE>


                                                              Page 10 of 20

upon crop yields.   In 1995  poor weather conditions  affected crop yields
which resulted in a below-normal pack and, accordingly, lower sales of the
Company's vegetable and  fruit containers.   By contrast,  in 1994 growing
conditions were ideal resulting in an above-average pack.

RESULTS OF OPERATIONS

Three Months Ended September 30, 1995 Compared with
Three Months Ended September 30, 1994

Summary results for the Company's two business segments, metal and plastic
containers, for the  three months  ended September 30,  1995 and  1994 are
provided below.
                                                   September 30   
                                                 1995         1994
                                                   (In millions)
       Net sales:
          Metal containers & specialty         $353.8        $233.2
          Plastic containers                     52.7          52.8
            Consolidated                       $406.5        $286.0

       Operating profit:
          Metal containers & specialty         $ 26.7        $ 24.9
          Plastic containers                      2.0           2.5
          Corporate                              (0.2)         (0.1)
            Consolidated                       $ 28.5        $ 27.3

Consolidated net  sales  of  $406.5 million  for  the  three  months ended
September 30, 1995 increased $120.5 million (42.1%) as compared with sales
of $286.0 million  for the  same period in  1994.   This increase resulted
from net  sales of  $152.5 million  generated  by the  Business  since its
acquisition, offset, in part, by  a $32.0 million decline  in net sales of
metal containers to Silgan's existing customer base.  Net sales of plastic
containers during the quarter  were flat as compared  with the same period
in 1994.

Net sales  for  the  metal  container  business  (including  its specialty
business) were $353.8  million for  the three  months ended  September 30,
1995, an increase of $120.6  million from net sales  of $233.2 million for
the same period  in 1994.   Excluding net  sales of  metal cans  of $139.7
million generated  by the  Business since  its  acquisition, net  sales of
metal cans to  Silgan's customers were  $199.2 million in  the three month
period ended September  30, 1995,  as compared to  $231.2 million  for the
same period  in 1994.   Net  sales of  metal cans  to Nestle  Food Company
("Nestle") increased  $0.3  million  to $66.0  million,  principally  as a<PAGE>


                                                              Page 11 of 20
RESULTS OF OPERATIONS (continued)

result of change  in the  mix of  products sold  and higher  average sales
prices reflecting the pass  through of higher material  costs, offset by a
decline in  unit  volume during  the  quarter.   Net  sales  to  Del Monte
Corporation  ("Del  Monte")  decreased  $22.8  million  to  $58.7  million
principally due  to significantly  lower  unit volume  resulting  from the
below normal vegetable  and fruit  pack.  For  1995, unseasonably  wet and
cool weather followed by hot and dry  summer conditions in the Midwest and
wet weather in  California during the  spring season resulted  in low crop
yields.  The below  normal 1995 Midwest  vegetable pack as  compared to an
above-average vegetable pack in 1994 and soft market conditions in certain
other product lines, net of higher  average sales prices, contributed to a
decline of $9.5 million in sales of metal cans to other customers.

Sales of  specialty items,  principally  metal closures,  included  in the
metal container segment  increased $12.9  million to $14.9  million during
the three months ended September 30, 1995,  as compared to the same period
in 1994 due to  the acquisition of  the Business which  generated sales of
$12.8 million of specialty items during the quarter.

Net sales for the  plastic container business of  $52.7 million during the
three months ended September 30,  1995 were flat as  compared to sales for
the same period in 1994.   During the quarter,  sales prices increased due
to the pass  through of  higher resin costs  but were  offset by  a modest
decline in unit volume resulting from soft market conditions.

Cost of goods  sold as  a percentage of  consolidated net  sales was 89.7%
($364.8 million)  for  the  three  months  ended  September  30,  1995, an
increase of 2.4 percentage  points, as compared to  87.3% ($249.6 million)
for the same  period in 1994.   The  increase in cost  of goods  sold as a
percentage of consolidated  net sales principally  resulted from increased
per unit  manufacturing  costs realized  by  Silgan's base  business  as a
result of  lower  production and  the  liquidation of  inventory  built up
earlier in the year  in anticipation of normal  third quarter demand which
did not materialize due  to the aforementioned below  normal vegetable and
fruit pack, lower margins realized on  certain products due to competitive
market conditions and inefficiencies  caused by a work  stoppage at one of
the Company's existing  California facilities.   Due to  factors discussed
above, the gross margin  percentage realized by the  acquired Business for
such period  was  comparable  to  the  margin  realized  by  the Company's
existing business base.

Selling,  general  and   administrative  expenses   as  a   percentage  of
consolidated net sales  remained flat at  3.2% for the  three months ended
September 30, 1995 ($13.1 million) and  September 30, 1994 ($9.1 million).
The Company expects  its selling,  general and  administrative costs  as a<PAGE>


                                                              Page 12 of 20
RESULTS OF OPERATIONS (continued)

percentage of sales will decline by  the end of the  first quarter of 1996
as it integrates the selling and administrative operations of its existing
metal container business with that of the acquired Business.

Income from operations as a percentage  of consolidated net sales was 7.0%
($28.5 million) for  the three  months ended  September 30,  1995 compared
with 9.5% ($27.3 million)  for the same period  in 1994.   The decrease in
income from  operations  as a  percentage  of consolidated  net  sales was
principally attributable to the aforementioned lower margins which largely
resulted because of the inventory reduction as discussed above.

Income from  operations  as  a  percentage  of  net  sales  for  the metal
container business was  7.5% ($26.7 million)  during the  third quarter of
1995, as compared  to 10.7%  ($24.9 million)  for the  same period  in the
prior year.  The decrease in income from operations as a percentage of net
sales principally  resulted  from  higher  per  unit  manufacturing  costs
realized as  a  result  of the  inventory  reduction  as  discussed above.
Selling, general  and administrative  expenses  as a  percentage  of sales
remained flat with  the historical rate  because the  increased costs were
spread over the larger third quarter sales base.

Income from operations  as a percentage  of net sales  attributable to the
plastic container business for  the three months ended  September 30, 1995
was 3.8% ($2.0 million), as  compared to 4.7% ($2.5  million) for the same
period in  1994.   Income  from  operations declined  during  the quarter,
principally reflecting higher per unit  manufacturing costs resulting from
a reduction  in  production  volumes in  order  to  reduce  inventories in
response to  lower customer  requirements  offset, in  part,  by continued
control of manufacturing costs.

Interest expense was  $16.0 million for  the three  months ended September
30, 1995, an increase  of $6.5 million over  the same period  in the prior
year.  The increase  was principally attributable  to increased borrowings
to finance the acquisition of the Business  and the advance to Holdings of
$57.6 million to fund the repurchase of its 13-1/4% Debentures.

The provisions for income  taxes for the three  months ended September 30,
1995 and  1994 provide  for federal,  state  and foreign  taxes as  if the
Company were a separate taxpayer in accordance with Statement of Financial
Accounting Standards No. 109, "Accounting for Income Taxes".

As a result of the items  discussed above, income before the extraordinary
charge for the three months ended September  30, 1995 was $7.5 million, as
compared to $10.6 million for the three months ended September 30, 1994.<PAGE>


                                                              Page 13 of 20
RESULTS OF OPERATIONS (continued)

As a result of  the refinancing of the  Company's secured debt facilities,
the Company  incurred  an extraordinary  charge  of $3.0  million,  net of
taxes, for the write-off of unamortized  debt costs related to the retired
facilities.

Nine Months Ended September 30, 1995 Compared with
Nine Months Ended September 30, 1994

Summary results for the Company's two business segments, metal and plastic
containers, for  the nine  months ended  September 30,  1995 and  1994 are
provided below.
                                                   September 30   
                                                 1995         1994
                                                   (In millions)
       Net sales:
          Metal containers & specialty         $642.9        $522.3
          Plastic containers                    168.6         150.9
            Consolidated                       $811.5        $673.2
       Operating profit:
          Metal containers & specialty         $ 60.6        $ 54.4
          Plastic containers                      9.8           6.4
          Corporate                              (0.3)         (0.4)
            Consolidated                       $ 70.1        $ 60.4

Consolidated net  sales  of  $811.5  million  for  the  nine  months ended
September 30, 1995 increased $138.3 million (20.5%) as compared with sales
of $673.2 million  for the  same period in  1994.   This increase resulted
from net  sales of  $152.5 million  generated  by the  Business  since its
acquisition and a  $17.7 million increase  in sales  of plastic containers
offset, in part,  by a  decline in sales  of metal  containers to Silgan's
existing customer base of $31.9 million.

Net sales  for  the  metal  container  business  (including  its specialty
business) were  $642.9 million  for the  nine  months ended  September 30,
1995, an increase of $120.5  million from net sales  of $522.3 million for
the same period  in 1994.   Excluding net  sales of  metal cans  of $139.7
million generated  by the  Business since  its  acquisition, net  sales of
metal cans to Silgan's customers were $484.3 million during the nine month
period ended September  30, 1995,  as compared to  $514.9 million  for the
same period in 1994.  Net sales to Nestle increased $6.8 million to $174.4
million principally  due  to  an  increase  in  unit  sales  of  pet  food
containers and  slightly  higher  average sales  prices  due  to  the pass
through of  material cost  increases.   Net sales  to Del  Monte decreased
$16.3 million to  $141.7 million due  to lower unit  volume resulting from
the below  normal  1995 vegetable  and  fruit pack,  offset,  in  part, by
slightly  higher  sales  prices  due  to  the  pass  through  of  material<PAGE>


                                                              Page 14 of 20
RESULTS OF OPERATIONS (continued)

cost increases.   Sales of  metal cans to  other customers  declined $21.2
million as a result of lower  demand for vegetable cans  due to the below-
normal 1995 Midwest  vegetable pack  and reduced demand  for cans  used in
certain other  product lines,  offset, in  part,  by higher  average sales
prices.

Sales of specialty items included in the metal container segment increased
$11.5 million to $19.0 million during  the nine months ended September 30,
1995, as compared to  the same period in  1994, due to  the acquisition of
the Business which  generated sales  of $12.8  million of  specialty items
since its acquisition.

Net sales for the plastic container  business of $168.6 million during the
nine months  ended September  30, 1995  increased  $17.7 million  over net
sales of $150.9 million  for the same period  in 1994.   This increase was
attributable to both higher  average sales prices due  to the pass through
of higher resin costs  and increased unit sales  for new customer products
offset, in part, by generally soft market conditions.

Cost of goods  sold as  a percentage of  consolidated net  sales was 87.6%
($711.0 million) for the nine months ended September 30, 1995, an increase
of 0.6 percentage  points, as compared  to 87.0% ($585.7  million) for the
same period in 1994.  The  increase in cost of goods  sold as a percentage
of consolidated  net sales  principally resulted  from increased  per unit
manufacturing costs reflecting  reduced production  volumes, lower margins
realized on  certain products  due  to competitive  market  conditions and
lower margins  on  sales  by the  acquired  Business,  offset  by improved
manufacturing  efficiencies  and   lower  indirect   operating  costs  and
depreciation expense.

Selling,  general  and   administrative  expenses   as  a   percentage  of
consolidated net  sales  declined  0.2 percentage  points  to  3.8% ($30.5
million) for the nine months ended September 30, 1995, as compared to 4.0%
($27.1 million)  for  the  nine months  ended  September  30,  1994.   The
decrease in selling, general and administrative expense as a percentage of
net sales resulted from continued cost control of Silgan's base business.

Income from operations as a percentage  of consolidated net sales was 8.6%
($70.1 million) for the  nine months ended September  30, 1995 as compared
with 9.0% ($60.4 million)  for the same period  in 1994.   The decrease in
income from  operations  as a  percentage  of consolidated  net  sales was
attributable to  the aforementioned  decline in  gross margins  offset, in
part, by the  continued reduction  of selling, general  and administrative
expenses as a percentage of sales.<PAGE>


                                                              Page 15 of 20
RESULTS OF OPERATIONS (continued)

Income from  operations  as  a  percentage  of  net  sales  for  the metal
container business  was 9.4%  ($60.6 million)  for  the nine  months ended
September 30,  1995, as  compared to  10.4% ($54.4  million) for  the same
period in the  prior year.   The decrease in  income from  operations as a
percentage  of   sales   principally  resulted   from   higher   per  unit
manufacturing costs realized on lower production  volume and lower margins
realized on  sales by  the acquired  Business  offset, in  part,  by lower
selling and administrative expenses realized on the larger sales base.

Income from operations  as a percentage  of net sales  attributable to the
plastic container business  for the nine  months ended  September 30, 1995
was 5.8% ($9.8 million), as  compared to 4.2% ($6.4  million) for the same
period in  1994.    The  improved  operating  performance  of  the plastic
containers business  resulted  from  improved  manufacturing  efficiencies
realized as a result of capital investment.

Interest expense  increased $8.3  million to  $35.1  million for  the nine
months ended  September  30, 1995  principally  as a  result  of increased
borrowings to finance the  acquisition of the Business  and the advance to
Holdings and slightly higher average interest rates.

The provisions for  income taxes for  the nine months  ended September 30,
1995 and  1994 provide  for federal,  state  and foreign  taxes as  if the
Company were a separate taxpayer in accordance with Statement of Financial
Accounting Standards No. 109, "Accounting for Income Taxes".

As a result of the items  discussed above, income before the extraordinary
charge for the nine months ended September  30, 1995 was $20.6 million, as
compared to $19.9 million for the nine months ended September 30, 1994.<PAGE>


                                                              Page 16 of 20
CAPITAL RESOURCES AND LIQUIDITY

The Company's liquidity requirements arise  primarily from its obligations
under the indebtedness  incurred in  connection with its  acquisitions and
the refinancing  of  such  indebtedness,  capital  investment  in  new and
existing equipment  and  the  funding of  the  Company's  seasonal working
capital  needs.    Historically,  the  Company  has  met  these  liquidity
requirements through  cash flow  generated from  operating  activities and
working capital borrowings.

On August 1, 1995,  Silgan, Containers and  Silgan Plastics Corporation,  a
wholly-owned subsidiary  of  the Company,  entered  into a  $675.0  million
credit facility with various banks to finance the acquisition by Containers
of ANC's Food Metal  & Specialty business, to  refinance and repay in  full
all amounts owing  under their existing  credit agreement  and the  Secured
Notes and to make  non-interest bearing advances to  Holdings in an  amount
not to exceed $75.0  million for the repurchase  of a portion of  Holdings'
13-1/4% Debentures.  The Credit Agreement provides the Company with  $225.0
million of A  Term loans,  $225.0 million  of B  Term loans  and a  working
capital facility which will provide the Company with borrowing availability
of up  to $225.0  million.   With  the proceeds  received from  the  Credit
Agreement, the Company (i)  repaid $117.1 million of  term loans under  its
previous credit agreement, (ii) repaid in full $50.0 million of its Secured
Notes, (iii) acquired from  ANC substantially all of  the fixed assets  and
working capital of ANC's Food Metal & Specialty business for $347.1 million
(excluding $15.2 million  for the St.  Louis operations  which the  Company
expects to purchase by mid-1996), and (iv) incurred debt issuance costs  of
$21.0 million.

The  Credit  Agreement  provides   the  Company  with  improved   financial
flexibility by  (i)  enabling Silgan  to  transfer funds  to  Holdings  for
payment by  Holdings  of cash  interest  on the  13-1/4%  Debentures,  (ii)
extending the maturity of the Company's secured debt facilities by repaying
amounts outstanding under  the existing  credit agreement  and the  Secured
Notes, (iii)  lowering  the  interest rate  spread  on  its  floating  rate
borrowings by  1/2%,  as  well  as  providing  for  further  interest  rate
reductions in the event the Company attains certain financial targets,  and
(iv) lowering  Holdings'  consolidated  average  cost  of  indebtedness  by
permitting  Silgan  to  advance  up  to  $75.0  million  to  Holdings  with
borrowings under the  Credit Agreement,  which amounts  are to  be used  by
Holdings to repurchase a  portion of the 13-1/4%  Debentures.  Silgan  will
fund such advances to Holdings through borrowings of working capital  loans
under the Credit Agreement.  The commitment under the Credit Agreement  for
working capital loans was  initially $150.0 million,  and increases at  the<PAGE>


                                                              Page 17 of 20
CAPITAL RESOURCES AND LIQUIDITY (continued)

time and by the amount of any such advances made by Silgan (up to a maximum
commitment of $225.0 million).  During  the third quarter, Silgan  advanced
$57.6 million to Holdings  for the repurchase by  Holdings of a portion  of
its outstanding 13-1/4% Debentures, thereby increasing the commitment under
the revolving credit facility  to $207.6 million.   The Company intends  to
fund further advances to Holdings of up to $17.4 million through borrowings
of working capital loans to enable Holdings to make additional  repurchases
of its 13-1/4% Debentures prior to June 30, 1996.

For the  first nine  months of  1995,  exclusive of  amounts paid  for the
purchase of  the  Business  (including  acquired  working  capital),  cash
generated from  operations  of  $20.6  million,  net  borrowings  of $28.7
million of working  capital loans, and  proceeds of  $3.4 million realized
from the sale of  assets were used  to fund capital  expenditures of $30.4
million, repay  $2.6  million  of  term  loans,  make  payments  to former
shareholders of $3.8 million in full  settlement of outstanding litigation
(which has been  charged against  equity), and  increase cash  balances by
$1.2 million.   Additionally, in conjunction  with the  acquisition of the
Business, ANC agreed  to provide  transitional administrative  services to
Containers for a  period of  up to one  year.   Under this  agreement, ANC
collects and  disburses  cash  for the  acquired  Business.   Semi-monthly
transfers are made by the Company to  ANC to repay excess disbursements or
by ANC to the  Company to refund excess  collections, as the  case may be.
At September 30, 1995, ANC owed the Company $14.7 million.

The  Company's   earnings   before  depreciation,   interest,   taxes   and
amortization ("EBITDA")  for  the  nine months  ended  September  30,  1995
increased by $10.4 million over the same period in the prior year to $100.0
million.  The  increase in EBITDA  reflected the  generation of  additional
cash earnings of the acquired Business  since its acquisition on August  1,
1995, offset by a slight decline in cash earnings of the Company's existing
business principally due to the below normal 1995 vegetable and fruit pack.

Because the  Company sells  metal containers  used in  vegetable and  fruit
processing, its  sales  are  seasonal.   As  is  common  in  the  packaging
industry, the Company must  access working capital  to build inventory  and
then carry accounts  receivable for some  customers beyond the  end of  the
summer and fall packing season.  Seasonal accounts are generally settled by
year end.   Due to  this seasonality,  as well  as the  acquisition of  the
Business, the components of working capital increased significantly in  the
nine months ended September  30, 1995.  For  Silgan's base business,  trade
receivables and  inventories  increased  $13.5 million  and  $7.0  million,
respectively, while trade payables declined $11.1 million at September  30,
1995 as compared to  September 30, 1994.   The remainder  of the change  in
these working  capital components  at September  30,  1995 as  compared  to
September 30, 1994 related to the acquired Business.  At September 30, 1995<PAGE>


                                                              Page 18 of 20
CAPITAL RESOURCES AND LIQUIDITY (continued)

the trade receivable balance  of the acquired  Business was $149.8  million
($90.2 million on the  acquisition date), the  inventory balance was  $88.6
million ($137.9 million  on the acquisition  date), and  the trade  payable
balance was $56.8  million ($64.2 million  on the acquisition  date.)   The
Company expects that at  year-end the net working  capital of the  acquired
Business will approximate $65.0 to $70.0 million.

The acquisition  of ANC's  Food Metal  & Specialty  business increased  the
Company's seasonal metal containers  business and as  a result the  Company
increased the amount  of working capital  loans available to  it under  its
credit facility to $225.0 million (subject  to the limitation as  discussed
above).  On September 30, 1995, the outstanding principal amount of working
capital loans, which  represented the Company's  seasonal peak, was  $184.0
million.  Subject to  a borrowing base limitation  and taking into  account
outstanding letters  of  credit,  the unused  portion  of  working  capital
commitments at such date was $18.2  million.  The Company anticipates  that
cash generated from operations  during the fourth quarter  will be used  to
reduce its  outstanding  working  capital loan  balance  to  near  zero  by
December 31, 1995.

In addition to its  operating needs, the  Company's cash requirements  over
the next several years consist primarily of (i) annual capital expenditures
of $50.0 to  $60.0 million, (ii)  principal amortization  payments of  term
loans under  the Credit  Agreement of  $7.3 million,  $27.3 million,  $37.3
million, $52.3  million  and  $52.3  million  over  the  next  five  years,
respectively, (iii) expenditures  of approximately $30.0  million over  the
next two years  associated with plant  rationalizations and  administrative
workforce reductions, other plant exit costs and employee relocation  costs
of  the  acquired  Business,  (iv)  the  Company's  interest   requirements
(including interest on working capital loans, the principal amount of which
will vary depending upon seasonal requirements, and the term loans, all  of
which bear  fluctuating rates  of interest,  and  the 11-3/4%  Notes),  (v)
dividends and/or advances  to Holdings  to fund  semi-annual cash  interest
payments of up to $14.1 million (which amount may be reduced depending upon
the actual amount of 13-1/4% Debentures repurchased by Holdings) on the 13-
1/4%  Debentures  commencing  in  December  1996,  and  (vi)  payments   of
approximately $13.0 million for federal and  state tax liabilities in  1996
(assuming the  redemption of  the remainder  of the  13-1/4% Debentures  at
maturity) and increasing annually thereafter.

Management believes  that  cash  generated by  operations  and  funds  from
working capital borrowings under the Credit Agreement will be sufficient to
meet the Company's expected  operating needs, planned capital  expenditures
and debt service requirements for the foreseeable future.<PAGE>


                                                              Page 19 of 20

Part II.  Other Information

Item 6.  Exhibits and Reports on Form 8-K

(a)  Exhibits

Exhibit Number                 Description
     27                  Financial Data Schedule.

(b)  Reports on Form 8-K

On August 2, 1995, Silgan  Corporation filed a Current  Report on Form 8-K
regarding its press release for its new credit agreement.

On August 14, 1995, Silgan Corporation filed  a Current Report on Form 8-K
regarding the  acquisition  of  the Food  Metal  &  Specialty  business of
American National Can Company, and its new credit agreement.

On September 27, 1995,  Silgan Corporation filed a  Current Report on  Form
8-K regarding the resolution of the shareholder appraisal proceedings  with
respect to the June 30, 1989 merger.

On October 16,  1995, Silgan Corporation  filed a Form  8-K/A amending its
Current Report on Form 8-K filed August 14, 1995 to append thereto certain
financial statements  of  the  Business and  certain  pro  forma financial
information of Silgan Corporation.<PAGE>


                                                              Page 20 of 20

                                SIGNATURES




Pursuant to the requirements  of the Securities Exchange  Act of 1934, the
Registrant has  duly caused  this Quarterly  Report  to be  signed  on its
behalf by the undersigned thereunto duly authorized.


                                        SILGAN CORPORATION




Dated:  November 13, 1995               /s/Harley Rankin, Jr.
                                        Harley Rankin, Jr.
                                        Executive Vice President, Chief
                                        Financial Officer and Treasurer
                                        (Principal Financial Officer)




Dated:  November 13, 1995               /s/Harold J. Rodriguez, Jr.
                                        Harold J. Rodriguez, Jr.
                                        Vice President and Controller
                                        (Chief Accounting Officer)<PAGE>