GRIFFITH CONSUMERS CO /DE/
10-Q/A, 1997-08-05
PETROLEUM & PETROLEUM PRODUCTS (NO BULK STATIONS)
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<PAGE>

                          SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C. 20549

                                     FORM 10-Q-A

                             ANNUAL REPORT UNDER SECTION 13 OR 15(d)
                              OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarter Ended December 31, 1996          Commission File Number 33-88526

                              GRIFFITH CONSUMERS COMPANY
                                   CARL KING, INC.
                              FREDERICK TERMINALS, INC.

                                                    
              (Exact name of registrants as specified in their charters)

              Delaware                                52-1887726
              Delaware                                04-2941998
              Maryland                                52-1863759
                          
              (State or other jurisdiction of    (I.R.S. Employer No.)
              incorporation or organization)

         Griffith Consumers Company              Carl King, Inc.          
         Frederick Terminals, Inc.               109 South Main Street          
              2510 Schuster Drive                     Camden, Delaware 19934   
         Cheverly, Maryland 20781                (302) 697-3251           
         (301) 322-3111

            (Address, including zip code, and telephone number, including
               area code, of registrants' principal executive offices)

             Securities registered pursuant to Section 12(b) of the Act:

                                         None

             Securities registered pursuant to Section 12(g) of the Act:

                                         None

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 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.     X  Yes       No



As of May 9, 1997, the Issuers had the following number of shares of common
stock outstanding:

                            Griffith Consumers Company : 1,000 shares
                            Carl King, Inc.            : 1,000 shares
                            Frederick Terminals, Inc.  : 500 shares
                                   

<PAGE>


            Griffith Consumers Company and Subsidiaries
                                  December 31, 1996


                             PART II.  OTHER INFORMATION

6.   Exhibits and Reports on Form 8-K
       
     (a) Exhibits
         
         27      Financial Data Schedule    
              
     (b) Report on Form 8-K     
         None 
    

<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 thereunto duly authorized on the 9th day of May 1997.

GRIFFITH CONSUMERS COMPANY
    Registrant

/S/ Raymond R. McKenzie, Jr.
Raymond R. McKenzie, Jr., Vice
President Finance (Authorized Officer and 
Principal Financial Officer)



CARL KING, INC.
    Registrant

/S/ Raymond R. McKenzie, Jr.
Raymond R. McKenzie, Jr., Vice
President (Authorized Officer and
Principal Financial Officer)



FREDERICK TERMINALS, INC.
    Registrant

/S/ Raymond R. McKenzie, Jr.
Raymond R. McKenzie, Jr., Secretary 
Authorized Officer and Principal                           
Financial Officer)





<TABLE> <S> <C>

<PAGE>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
December 31, 1996 10Q of Griffith Consumers Company and is qualified in
its entirety by reference to such financial statement.
</LEGEND>
<MULTIPLIER> 1000
<CURRENCY> U.S DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-START>                             JUL-01-1996
<PERIOD-END>                               DEC-31-1996
<EXCHANGE-RATE>                                      1
<CASH>                                            1633
<SECURITIES>                                         0
<RECEIVABLES>                                   17,591
<ALLOWANCES>                                       745
<INVENTORY>                                      5,813
<CURRENT-ASSETS>                                26,666
<PP&E>                                          30,492
<DEPRECIATION>                                   8,488
<TOTAL-ASSETS>                                 131,287
<CURRENT-LIABILITIES>                           22,741
<BONDS>                                         31,543
                                0
                                          0
<COMMON>                                        20,691
<OTHER-SE>                                     (9,254)
<TOTAL-LIABILITY-AND-EQUITY>                   131,287
<SALES>                                        132,984
<TOTAL-REVENUES>                               135,167
<CGS>                                          109,541
<TOTAL-COSTS>                                  109,999
<OTHER-EXPENSES>                                27,114
<LOSS-PROVISION>                                   144
<INTEREST-EXPENSE>                               5,282
<INCOME-PRETAX>                                (6,401)
<INCOME-TAX>                                   (2,279)
<INCOME-CONTINUING>                            (4,121)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (4,121)
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
        

</TABLE>


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