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10-C, 1995-09-26
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                         UNITED STATES
              SECURITIES AND EXCHANGE COMMISSION
                    Washington, D.C. 20549

                           Form 10-C

        REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                 INTERDEALER QUOTATION SYSTEM

    Filed pursuant to Section 13 or 15(d) of the Securities
   Exchange Act of 1934 and Rule 13a-17 or 15d-17 thereunder


                       Home Beneficial Corporation                          
        (Exact name of issuer as specified in charter)

               3901 West Broad Street, Richmond, VA 23230                   
           (Address of principal executive offices)

Issuer's telephone number, including area code       (804) 358-8431         


           I. CHANGE IN NUMBER OF SHARES OUTSTANDING

Indicate any change (increase or decrease) of 5% or more in the number of
shares outstanding:

1.  Title of security       Class B Common Stock                            
2.  Number of shares outstanding before the change     9,462,482            
3.  Number of shares outstanding after the change      8,992,910            
4.  Effective date of change          September 26, 1995                    
5.  Method of change:
    Specify method (such as merger, acquisition, exchange, distribution,
    stock split, acquisition of stock for treasure, etc.):  Acquisition of  
    Class B Common Stock for cancellation.                                  
          
    Give brief description of transaction:  469,572 shares of Class B Common 
    Stock were acquired for cancellation in separate transactions occurring 
    April 19, 1994, July 20, 1994 and September 26, 1995.  The last         
    transaction was for 94,624 shares.

                 II. CHANGE IN NAME OF ISSUER

1.  Name prior to change                                                    

2.  Name after change                                                       




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