ALL FOR A DOLLAR INC
NT 10-Q, 1996-11-14
VARIETY STORES
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               SECURITIES AND EXCHANGE COMMISSION
                      WASHINGTON, DC  20549

                           FORM 12b-25

                 Commission File Number 0-20150

                   NOTIFICATION OF LATE FILING

(Check One): [ ] Form 10-K  [ ] Form 11-K [ ] Form 20-F 
             [X] Form 10-Q  [ ] Form N-SAR

For Period Ended: September 28, 1996
[ ] Transition Report on Form 10-K 
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K

For the Transition Period Ended:                                
     Nothing in this form shall be construed to imply that the
Commission has verified any information contained herein.

     If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification relates:    
                                                                  
           
                 Part I. Registrant Information

Full name of registrant  All For A Dollar, Inc.
Former name if applicable
                                                             
Address of principal executive office (Street and number)
                         3664 Main Street                         
City, State and Zip Code Springfield, MA  01107

                Part II. Rule 12-b-25 (b) and (c)

     If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to Rule
12b-25 (b), the following should be completed.  (Check appropriate
box.)
[X] (a)   The reasons described in reasonable detail in Part III of
          this form could not be eliminated without unreasonable
          effort or expense:

[ ] (b)   The subject annual report, semi-annual report, transition
          report on Form 10-K, 20-F, 11-K or Form N-SAR, or portion
          thereof will be filed on or before the 15th calendar day
          following the prescribed due date; or the subject
          quarterly report or transition report on Form 10-Q, or
          portion thereof will be filed on or before the fifth
          calendar day following the prescribed due date; and

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[ ] (c)   The accountant's statement or other exhibit required by
          Rule 12b-25 (c) has been attached if applicable.

                       Part III. Narrative

     State below in reasonable detail the reasons why Form 10-K,
11-K, 20-F, 10-Q, N-SAR or the transition report portion thereof
could not be filed within the prescribed time period.  (Attach
extra sheets if needed.)

                          SEE ATTACHED

                   Part IV. Other Information

     (1)  Name and telephone number of person to contact in regard
     to this notification
           Donald A. Molta       (413)           733-1203        
               (Name)         (Area Code)    (Telephone Number)

     (2)  Have all other periodic reports required under Section 13
     or 15(d) of the Securities Exchange Act of 1934 or Section  30
     of the Investment Company Act of 1940 during the preceding 12
     months or for such shorter period that the registrant was
     required to file such report(s) been filed?  If the answer is
     no, identify report(s).
                                   [X] Yes   [ ] No

     (3)  Is it anticipated that any significant change in results
     of operations from the corresponding period for the last
     fiscal year will be reflected by the earnings statements to be
     included in the subject or portion thereof?
                                   [X] Yes   [ ] No

               If so: attach an explanation of the anticipated
     change, both narratively and quantitatively, and, if
     appropriate, state the reasons why a reasonable estimate of
     the results cannot be made.
                          All For A Dollar, Inc.                  
               (Name of registrant as specified in charter)

Has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.

Date  November 12, 1996       By /s/Donald A. Molta               
                                 Donald A. Molta/V.P./CFO
          
          


                                


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                            PART III

     On October 25, 1996 All For A Dollar, Inc. filed a Voluntary
Petition with the United States Bankruptcy Court for the Eastern
District of New York at Brooklyn, New York, seeking relief pursuant
to Chapter 11 of the United Bankruptcy Code.  The preparation of
the filing required virtually all the full-time attention of the
Registrant's senior management, particularly its Chief Financial
and Accounting Officer.  In addition, there have been several
eliminated administrative positions as a direct result of the
filing.  Given the requirements of the bankruptcy filing combined
with limited resources, Registrant has been unable to complete the
work necessary for the timely filing (no later than November 12,
1996) of Registrant's quarterly report on Form 10-Q for the quarter
ended September 28, 1996.  The September 28, 1996 10-Q will be
filed no later than November 27, 1996. 

                   PART IV. OTHER INFORMATION

              Explanation in Answer to Question (3)

     It is anticipated that the Registrant will report a net loss
for the third quarter ended September 28, 1996 which will be
substantially in excess of that incurred in the same period for
last year (third quarter ended September 30, 1995).  In addition to
the continuation in fiscal 1996 of the operating losses sustained
in fiscal 1995, in the third quarter of fiscal 1996 the Registrant
incurred very substantial expenses relating to the Chapter 11
bankruptcy proceedings, and booked substantial write-offs and
write-down of assets in connection with Chapter 11 Bankruptcy
Filing.  For the reasons stated above, until and as of the date of
filing this Form 12b-25, Registrant has not been, and is not now,
in a position to reasonably estimate its September 28, 1996 third
quarter results.

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