ADVANTAGE COMPANIES INC /DE/
10-Q/A, 1995-08-23
EQUIPMENT RENTAL & LEASING, NEC
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                      UNITED STATES
            SECURITIES AND EXCHANGE COMMISSION
                Washington, D. C. 20549

                FORM 10-Q AMENDMENT #1

[X]   Quarterly Report Pursuant to Section 13 or 15(d) of the
      Securities Exchange Act of 1934.

      For the quarterly period ended July 9, 1995.

The purpose of this amendment #1 is to attach a Financial Data Schedule
to Form 10-Q for period ended 7-9-95.

Commission File Number:  0-1234-8

             ADVANTAGE COMPANIES, INC.
(Exact name of registrant as specified in its charter)

      Delaware                                     48-1156618
(State of incorporation)                    (I.R.S. Employer 
                                             Identification No.)

9323 E. 37th St. North, Wichita, Kansas  67226-2000
(Address of principal executive office)  (Zip-code)

Registrants telephone number, including area code:   (316) 634-0333

Indicate by check mark whether the registrant (1) has filed all
reports 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  [ ]

4,236,438 common shares were outstanding as of July 9, 1995.

                    SIGNATURES

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




                              ADVANTAGE COMPANIES, INC.
                                 (Registrant)

Date:  August 23, 1995   BY:  /s/  Daniel J. Taylor
                             Daniel J. Taylor, Chief Executive
                             Officer and Chairman of the Board

Date: August 23, 1995   BY:  /s/  William A. Simon
                            William A. Simon, Senior Vice President -
                            Administration and Chief Financial Officer



<TABLE> <S> <C>

<ARTICLE>         5
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   6-MOS
<FISCAL-YEAR-END>              JAN-28-1996             JAN-28-1996
<PERIOD-END>                   JUL-09-1996             JUL-09-1996
<CASH>                           2,834,044               2,834,044
<SECURITIES>                             0                       0
<RECEIVABLES>                      483,615                 483,615
<ALLOWANCES>                             0                       0
<INVENTORY>                     18,563,620<F1>          18,563,620<F1>
<CURRENT-ASSETS>                         0<F2>                   0<F2>
<PP&E>                          16,664,674              16,664,674
<DEPRECIATION>                   7,493,339               7,493,339
<TOTAL-ASSETS>                  34,807,988              34,807,988
<CURRENT-LIABILITIES>                    0<F2>                   0<F2>
<BONDS>                                  0                       0
<COMMON>                            43,740                  43,740
                    0                       0
                      1,400,000               1,400,000
<OTHER-SE>                      27,629,325              27,629,325
<TOTAL-LIABILITY-AND-EQUITY>    34,807,988              34,807,988
<SALES>                          1,000,851               2,206,835
<TOTAL-REVENUES>                17,344,349              34,860,874
<CGS>                              820,561               1,727,005
<TOTAL-COSTS>                   15,547,861              30,640,704
<OTHER-EXPENSES>                         0                       0
<LOSS-PROVISION>                         0                       0
<INTEREST-EXPENSE>                       0                       0
<INCOME-PRETAX>                  1,817,664               4,276,512
<INCOME-TAX>                       689,745               1,621,348
<INCOME-CONTINUING>                      0                       0
<DISCONTINUED>                           0                       0
<EXTRAORDINARY>                          0                       0
<CHANGES>                                0                       0
<NET-INCOME>                     1,127,919               2,655,164
<EPS-PRIMARY>                          .22                     .53
<EPS-DILUTED>                          .22                     .53
<FN>
<F1>Inventory consists of merchandise rented or available to be rented to
customers.  Inventory is carried at actual cost of 36,289,392 less
accumulated depreciation of 17,725,772.

<F2>The Company does not use a classified balance sheet.
</FN>
        

</TABLE>


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