BAILEY CORP
10-Q/A, 1995-04-26
MOTOR VEHICLE PARTS & ACCESSORIES
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                               UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

                                  Form 10-Q/A-1

(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
    OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended January 29, 1995

OR

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

For the transition period from _________ to _________

Commission File Number 1-9411

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

                  Delaware                              13-3229215
(State or other jurisdiction of incorporation     (I.R.S. Employer
              or organization)                     Identification No.)

      700 Lafayette Road, P.O. Box 307, Seabrook, NH     03874
         (Address of principal executive offices)     (Zip Code)


                            (603) 474-3011
         (Registrant's telephone number, including area code)

     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 ____
- -------------------------------------------------------------------------------
<PAGE>

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the
issuer's classes of common stock, as of the last practicable
date.

     As of March 9, 1995, the number of shares of $.10 par
value per share common stock outstanding was 5,353,558.


ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K

(a)   EX-27 ATTACHED

(b)   No reports on Form 8-K filed during the quarterly period ended January 
      29, 1995.

- -------------------------------------------------------------------------------
<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 thereto duly authorized.



                                                ___BAILEY CORPORATION___
                                                Registrant


Date:  April 26, 1995                           ___Leonard J. Heilman___
                                                Executive Vice President--
                                                Finance and Administration,
                                                Treasurer and Assistant
                                                Secretary (principal financial
                                                and accounting officer)

<TABLE> <S> <C>


<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from S.E.C. Form
10-Q for the quarterly period ended January 29, 1995 and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1994
<PERIOD-START>                             AUG-01-1994
<PERIOD-END>                               JAN-29-1995
<CASH>                                             331
<SECURITIES>                                         0
<RECEIVABLES>                                   27,147
<ALLOWANCES>                                     (721)
<INVENTORY>                                     21,615
<CURRENT-ASSETS>                                51,900
<PP&E>                                          62,024
<DEPRECIATION>                                (16,550)
<TOTAL-ASSETS>                                 107,932
<CURRENT-LIABILITIES>                           45,312
<BONDS>                                         35,633
<COMMON>                                           539
                                0
                                          0
<OTHER-SE>                                      21,814
<TOTAL-LIABILITY-AND-EQUITY>                   107,932
<SALES>                                         86,234
<TOTAL-REVENUES>                                86,234
<CGS>                                           74,015
<TOTAL-COSTS>                                   81,102
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               1,752
<INCOME-PRETAX>                                  3,380
<INCOME-TAX>                                     1,385
<INCOME-CONTINUING>                              1,995
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,995
<EPS-PRIMARY>                                      .37
<EPS-DILUTED>                                      .35
        

</TABLE>


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