FRUEHAUF TRAILER CORP
8-K, 1996-10-21
TRUCK TRAILERS
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             SECURITIES AND EXCHANGE COMMISSION


                   Washington, D.C.  20549


                       ______________


                          FORM 8-K


                       CURRENT REPORT



           Pursuant to Section 13 or 15(d) of the

              Securities Exchange Act of 1934



Date of Report (Date of earliest event reported): October 7, 1996 
                                                  --------------- 


                Fruehauf Trailer Corporation
  ----------------------------------------------------   
 (Exact name of registrant as specified in its charter)



    Delaware            1-10772             38-2863240
- ----------------      -----------         --------------   
(State or other       (Commission         (I.R.S. Employer
 jurisdiction of      File Number)        Identification No.)
 incorporation)


111 Monument Circle, Suite 3200, Indianapolis, Indiana  46204
- -------------------------------------------------------------
    (Address of principal executive offices)       (Zip Code)


Registrant's telephone number, including area code:(317)630-3000
                                                   -------------

                              N/A
  ------------------------------------------------------------ 
 
 (Former Name or Former Address, if Changed Since Last Report)



             Exhibit Index Appears on Page 4
<PAGE>
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       INFORMATION TO BE INCLUDED IN REPORT

     The Registrant Fruehauf Trailer Corporation is
referred to herein as the "Company"

Item 3.   Bankruptcy or Receivership.
          --------------------------

          On October 7, 1996 the Company and certain
          of its subsidiaries filed voluntary
          petitions in the United States Bankruptcy
          Court for the District of Delaware, requesting
          relief under chapter 11 of the United
          States Bankruptcy Code.

          The Company and its subsidiaries' chapter 11 
          cases are being jointly administered under
          Case Number 96-1563 (PJW), which is
          pending before Judge Peter J. Walsh.  Subject
          to supervision and orders of the Court, the
          Company will remain in possession of its
          assets and operate them in the ordinary
          course.


Item 5.   Other Events.
          -------------

          The Company issued a press release on 
          October 7, 1996, a copy of which is filed 
          as Exhibit 99.


Item 7.   Financial Statements, Pro Forma Financial
          Information and Exhibits.           
          -----------------------------------------
     (a)  Not applicable.

     (b)  Not applicable.

     (c)  Exhibits.

          99   Press Release dated October 7, 1996,
               from the Company.


<PAGE>
<PAGE> 3
                      SIGNATURE
                      ---------


          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 hereunto duly authorized.


                        FRUEHAUF TRAILER CORPORATION



Date: October 21, 1996    By:/s/Gregory G. Fehr        
                             ------------------  
                             Gregory G. Fehr
                             Vice President -
                             Corporate Controller
                             (Principal Accounting
                              Officer) 

<PAGE>
<PAGE>   4
                             EXHIBIT INDEX
                             -------------



                                           Pagination by
                                             Sequential
                                             Numbering
Exhibit   Description of Exhibit              System 
- -------   ----------------------              -------  


  99      Press Release dated                    5
          October 7, 1996, regarding
          Fruehauf's voluntary petitions
          for relief under Chapter 11 of
          the United States Bankruptcy
          Code.




<PAGE>

                                                         
   
 



For Further Information:

Gregory G. Fehr, Kenneth A. Minor, Michael D. Picchi
Fruehauf Trailer Corporation
(317) 630-3000


      FRUEHAUF TRAILER ANNOUNCES CHAPTER 11 FILING;
                    DIRECTOR CHANGES 
                                 
      Indianapolis, Indiana -- October 7, 1996 --
Fruehauf Trailer Corporation (NYSE:FTC) announced today
that the Company and certain of its subsidiaries have
filed voluntary petitions for relief under chapter 11 of
the U.S. Bankruptcy Code in the District of Delaware.
The filings will restore liquidity by permitting
improved financing arrangements and relieving the
Company from certain funding requirements.  These
filings did not include the Company's Mexican operating
subsidiary, Fruehauf de Mexico S.A. de C.V.

      The Company announced a $55 million
debtor-in-possession financing facility provided by an
affiliate of Cerberus Partners, L.P.  The line of
credit, which is subject to court approval, will be
utilized to repay indebtedness under the Company's
Revolving Credit Facility and meet immediate and future
inventory needs, satisfy existing customer and employee
obligations, pay promptly new vendor invoices and
operate its business.  In addition, Fruehauf will
continue to manufacture, service and distribute trailers
and parts throughout its Company-owned branch and
authorized independent dealer network.

      Derek L. Nagle, President, commented: "We will
continue to provide the highest possible level of
service to our customers, including warranty and
aftermarket service and parts.  The new financing is
intended to provide the necessary liquidity to continue
business during the reorganization." 

                  Director Changes

      The Company also announced the resignations of
Raymond J. Dempsey, Anthony Miller and Richard Nevins
from the Board of Directors, effective with the
consummation of the debtor-in-possession facility. 
Thomas B. Roller, Timothy J. Wiggins, William P. Panny
and Marvin B. Rosenberg previously resigned from the
Board.  The Company will have a four member Board
consisting of Chriss W. Street, Worth W. Frederick and
two additional directors to be appointed to fill the
vacancies.  

      Fruehauf Trailer Corporation is a manufacturer of
truck trailers, producing, marketing, and servicing the
industry's widest range of dry freight van, refrigerated
van, platform, dump and liquid and dry bulk tank
trailers.  Among the largest suppliers of trailer parts
in North America, Fruehauf products are sold throughout
the truck trailer industry's largest Company-owned
dealer and authorized independent dealer network in
North America.

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