UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                                  Washington, D.C.  20549
                                       Form 10-Q/A #1

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

(Mark One)
/ X /  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
       EXCHANGE ACT OF 1934 (Amendment #1)

                 For the quarterly period ended March 7, 1998

                                   OR

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

          For the transition period from ____________ to ___________

                            _________________________

For the Quarter Ended March 7, 1998         Commission File Number 1-11165

                        INTERSTATE BAKERIES CORPORATION
              -----------------------------------------------------
              (Exact name of registrant as specified in its charter)     
 
          Delaware                                   43-1470322
-------------------------------          ------------------------------------
(State or other jurisdiction of          (I.R.S. Employer Indentification No.)
 incorporation or organization)

12 East Armour Boulevard, Kansas City, Missouri                       64111
-----------------------------------------------                     ---------
    (Address of principal executive offices)                         Zip Code 

        (Registrant's telephone number, including area code)   (816)502-4000
                                                               -------------

-------------------------------------------------------------------------------
(Former name, former address and former fiscal year, if changed since last
 report.)
                                -------------------------

     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 /   /

     There were 73,003,783 shares of common stock, $.01 par value per share,
outstanding on April 3, 1998.
<PAGE>


                                    PART II



ITEM 6 - Exhibits and Reports on Form 8-K

     a)  Exhibits filed with this report

         1) 11 - Schedule regarding computation of per share earnings.

         2) 27 - Financial data schedule for the 40 weeks ended March 7,1998.

         3) 27.1 - Restated financial data schedule for the fiscal
                   year ended June 1, 1996.

         4) 27.2 - Restated financial data schedules for the 12 weeks
                   ended August 24, 1996, the 24 weeks ended
                   November 16, 1996, the 40 weeks ended March 8, 1997
                   and the fiscal year ended May 31, 1997.

         5) 27.3 - Restated financial data schedules for the 12 weeks
                   ended August 23, 1997 and the 24 weeks ended
                   November 15, 1997.

<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.




                                     Interstate Bakeries Corporation
                                     -------------------------------
                                             (Registrant)





DATE: April 28, 1998                 /s/ John F. McKenny
                                     -------------------------------
                                     John F. McKenny, Vice President/
                                      Corporate Controller and
                                      Principal Accounting Officer