<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 10-Q
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended April 30, 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 0-1287
STERLING SUGARS, INC.
____________________________________________________________________
Exact name of registrant as specified in its charter
Delaware 72-0327950
_______________________________ ______________________________
State or other jurisdiction of IRS employer identification
incorporation or organization number
P. O. Box 572, Franklin, La. 70538
____________________________________________________________________
Address of principal executive offices Zip Code
Registrant's telephone number including area code 318 828 0620
Not Applicable
____________________________________________________________________
Former name, former address and former fiscal year, if changed since
last report.
Indicate by check mark whether 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 requirments for the past 90 days.
YES X NO
There were 2,500,000 common shares outstanding at May 31, 1995.
Exhibit index is on page 13
Total number of pages 14
-1-
<PAGE> 14
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
STERLING SUGARS, INC.
---------------------
(REGISTRANT)
DATE June 9, 1995 By /S/ Craig P. Caillier
--------------------------- ---------------------
CRAIG P. CAILLIER
SENIOR VICE PRESIDENT
AND GENERAL MANAGER
DATE June 9, 1995 By /S/ Stanley H. Pipes
---------------------------- ---------------------
STANLEY H. PIPES
VICE PRESIDENT AND TREASURER
II-2 -14-
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<FISCAL-YEAR-END> JAN-31-1995
<PERIOD-END> APR-30-1995
<CASH> 1141205
<SECURITIES> 0
<RECEIVABLES> 356906
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<INVENTORY> 3269657
<CURRENT-ASSETS> 7141642
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<TOTAL-ASSETS> 19633005
<CURRENT-LIABILITIES> 2763759
<BONDS> 0
<COMMON> 2500000
0
0
<OTHER-SE> 9332472
<TOTAL-LIABILITY-AND-EQUITY> 19633005
<SALES> 1920033
<TOTAL-REVENUES> 2442275
<CGS> 1672672
<TOTAL-COSTS> 1920403
<OTHER-EXPENSES> 146506
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 101225
<INCOME-PRETAX> 521872
<INCOME-TAX> 198311
<INCOME-CONTINUING> 198311
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<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 198311
<EPS-PRIMARY> .13
<EPS-DILUTED> .13
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