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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16. Form 4 or
Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person
Basil P. Regan
c/o Regan Partners, L.P.
6 East 43rd St.
New York, New York 10017
2. Issuer Name and Ticker or Trading Symbol
Hanover Direct, Inc.
HNV
3. IRS Number of Reporting Person (Voluntary)
4. Statement for Month/Year
4/98
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s)to Issuer (Check all
applicable)
( ) Director (X) 10% Owner ( ) Officer (give title below)
( ) Other (specify below)
7. Individual or Joint/Group Filing (check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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<TABLE>
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TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
<S> <C> <C> <C> <C> <C> <C>
1. Title of Security| 2. Transaction| 3. Transaction| 4. Securities | 5. Amount of | 6. Ownership |7. Nature of |
(Instr. 3) | Date | Code | Acquired (A) | Securities | Form: | Indirect |
| | (Instr. 8) | or Disposed | Beneficially | Direct (D) | Beneficial|
| (Month/ | | of (D) | Owned at End | or Indirect| Ownership |
| Day/ | | (Instr. 3,4, | of Month | (I) | (Instr. 4)|
| Year) | | and 5) | (Instr. 3 and 4)| (Instr. 4) | |
| | | | |(A) or| | | | |
| | Code | V | Amount|(D) |Price| | | |
_________________________________________________________________________________________________________________________________
Common 4/2/98 P 100,000 A $3.34375
Common 4/3/98 P 75,000 A 3.375
Common 4/6/98 P 100,000 A 3.398
Common 4/7/98 P 74,000 A 3.3125
Common 4/7/98 P 100,000 A 3.25
Common 4/7/98 P 33,000 A 3.173
Common 4/9/98 P 13,100 A 3.241
Common 4/13/98 P 75,000 A 3.206
Common 4/14/98 P 25,000 A 3.1875
Common 4/16/98 P 25,000 A 3.247
Common 4/17/98 P 278,900 A 3.25
Common 4/17/98 P 100,000 A 3.219
Common 4/20/98 P 25,000 A 3.25
Common 4/22/98 P 25,000 A 3.306
Common 4/29/98 P 45,000 A 3.25
Common 4/30/98 P 200,000 A 3.25
Common 4/30/98 P 250,000 A 3.371
Common 4/30/98 P 51,400 A 3.5
Common 4/30/98 P 185,100 A 3.485
Common 4/30/98 P 94,300 A 3.5625
Common 4/30/98 P 150,000 A 3.458 25,090,600+ (I) General Partner
or Principal of
Investment
Manager
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</TABLE>
<TABLE>
<CAPTION>
TABLE II -- DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
<S> <C> <C> <C> <C> <C> <C>
1. Title of | 2. Conver- | 3. Trans- | 4. Trans- | 5. Number of | 6. Date Exer- | 7. Title and Amount |
Derivative | sion or | action | action | Derivative | cisable and | of Underlying |
Security | Exercise | Date | Code | Securities | Expiration | Securities |
(Instr. 3) | Price of | (Month/ | (Instr. | Acquired | Date | (Instr. 3 and 4) |
| Deri- | Date/ | 8) | (A) or | (Month/Day/ | |
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| vative | Year) | | Disposed of | Year) | |
| Security | | | (D) (Instr. | | |
| | | | 3, 4 and 5) | | |
| | |____________|_________________|___________________|_____________________|
| | | | | | | | | | |
| | | | | | | Date | Expira- | | Amount or |
| | | | | | | Exer- | tion | | Number of |
| | | Code | V | (A) | (D) | cisable | Date | Title | Shares |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
| | | | | | | | | | |
| | | | | | | | | | |
</TABLE>
<TABLE>
<S> <C> <C> <C>
| 8. Price of | 9. Number of | 10. Ownership | 11. Nature of |
| Derivative | derivative | Form of | Indirect |
| Security | Securities | Derivative | Beneficial |
| (Instr. 5) | Benefi- | Security | Ownership |
| | cially | Direct (D) | (Instr. 4) |
| | Owned at | or Indirect | |
| | End of | (I) (Instr. | |
| | Month | 4) | |
| | (Instr. 4) | | |
</TABLE>
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Explanation of Responses:
* The Reporting Person disclaims beneficial ownership of these
securities except to the extent of his pecuniary interest
therein.
Basil P. Regan
/s/ Basil P. Regan May 19, 1998
__________________________ _________________
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See U.S.C. 1001 and 15 U.S.C.
78ff(a).
Note: File three copies of this Form, one of which must be
manually signed. If space is sufficient, see Instruction 6 for
procedure.
01394002.AJ9
