U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB/A
Quarterly report under Section 13 or 15(d) of the
Securities Exchange Act of 1934 for the twenty-six week period
ended June 29, 1996
Commission file number 1-13158
The Great Train Store Company
(Exact Name of Small Business Issuer as Specified in Its Charter)
Delaware 75-2539189
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
14180 Dallas Parkway, Suite 618,
Dallas, Texas 75240
(Address of Principal Executive Offices) (Zip Code)
(214) 392-1599
(Issuer's Telephone Number, Including Area Code)
Check whether the Issuer: (1) filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act
during the past 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
State the number of shares outstanding of each of the
Issuer's classes of common equity, as of the latest practicable
date:
Number of Shares Outstanding
Title of Class of Common Stock as of June 29, 1996
Common Stock $0.01 par value 3,187,500
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 thereunto duly authorized.
THE GREAT TRAIN STORE COMPANY
October 24, 1996
Date /s/ Cheryl A. Taylor
Cheryl A. Taylor
Vice President - Finance and
Administration, Principal
Financial Officer
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<ARTICLE> 5
<CURRENCY> DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-28-1996
<PERIOD-START> DEC-31-1995
<PERIOD-END> JUN-29-1996
<EXCHANGE-RATE> 1
<CASH> 641,559
<SECURITIES> 0
<RECEIVABLES> 159,775
<ALLOWANCES> 0
<INVENTORY> 3,745,471
<CURRENT-ASSETS> 4,546,805
<PP&E> 3,219,713
<DEPRECIATION> 1,156,210
<TOTAL-ASSETS> 6,826,052
<CURRENT-LIABILITIES> 1,327,199
<BONDS> 0
0
0
<COMMON> 31,875
<OTHER-SE> 4,101,700
<TOTAL-LIABILITY-AND-EQUITY> 6,826,052
<SALES> 5,186,831
<TOTAL-REVENUES> 5,186,831
<CGS> 2,738,271
<TOTAL-COSTS> 2,738,271
<OTHER-EXPENSES> 292
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 63,337
<INCOME-PRETAX> (916,005)
<INCOME-TAX> 0
<INCOME-CONTINUING> (916,005)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (916,005)
<EPS-PRIMARY> (.29)
<EPS-DILUTED> 0
</TABLE>
