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  earliest  event  reported:  NOVEMBER  6,  1998





                            MIAMI SUBS CORPORATION
            (Exact name of registrant as specified in its charter)



   FLORIDA                          0-19623             65-0249329
(State  or  other  jurisdiction    (Commission        (IRS employer
     of  incorporation)            file  number)   identification  no.)



6300  N.W.  31ST  AVENUE,  FORT  LAUDERDALE,  FLORIDA          33309
     (Address  of  principal  executive  offices)          (Zip  code)



Registrant's  telephone  number,  including  area  code:    (954)  973-0000






ITEM  5.          OTHER  EVENTS

     On  November  6,  1998, the Registrant, Miami Subs Corporation, a Florida
corporation,  in  response to the Company's request for continued inclusion on
the  Nasdaq  National  Market,  received  notice  from  a  Nasdaq  Listing
Qualifications Panel (the "Panel") that Nasdaq granted the Company a temporary
exception  to  the  minimum  bid  price  requirement  and  that trading in the
Company's  common  stock will be moved to the Nasdaq SmallCap Market effective
November  9,  1998 pursuant to the following exception.  On or before December
2,  1998, the Company must effect a reverse stock split sufficient to evidence
a  minimum  closing  bid  price  of  at  least  $1.00  per  share; immediately
thereafter,  the  Company's  closing  bid  price must meet or exceed $1.00 per
share for a minimum of ten consecutive trading days.  In order to fully comply
with  this  exception  the Company must be able to demonstrate compliance with
all  requirements  for  continued  listing  on  The  Nasdaq  SmallCap  Market,
including  the  payment  of  all  fees owed by the Company to The Nasdaq Stock
Marketsm.    In the event the Company fails to comply with any of the terms of
this  exception, its securities will be delisted from The Nasdaq Stock Market.

The  Company  has  taken  certain  steps  to  effect a reverse stock split and
believes that it can meet these conditions, however, there can be no assurance
that  it  will  do  so.

For  the  duration  of  the  exception,  the  Company's  Nasdaq symbol will be
"SUBSC."    In  the  event the Company is deemed to have met the terms of this
exception  and  all  other  criteria necessary for continued listing, it would
continue  to  be  listed  on  The  Nasdaq SmallCap Market and the "C" would be
removed  from  the  symbol.






                                  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.



                                            MIAMI SUBS CORPORATION

Date:  November  10,  1998                  By: /s/ Jerry W. Woda
                                                    JERRY  W.  WODA
                                            Senior Vice President,
                                            Chief Financial Officer, and
                                            Principal Accounting and
                                            Financial Officer
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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  earliest  event  reported:  NOVEMBER  6,  1998

                            MIAMI SUBS CORPORATION
            (Exact name of registrant as specified in its charter)

   FLORIDA                          0-19623             65-0249329
(State  or  other  jurisdiction    (Commission        (IRS employer
     of  incorporation)            file  number)   identification  no.)

6300  N.W.  31ST  AVENUE,  FORT  LAUDERDALE,  FLORIDA          33309
     (Address  of  principal  executive  offices)          (Zip  code)

Registrant's  telephone  number,  including  area  code:    (954)  973-0000

ITEM  5.          OTHER  EVENTS

     On  November  6,  1998, the Registrant, Miami Subs Corporation, a Florida
corporation,  in  response to the Company's request for continued inclusion on
the  Nasdaq  National  Market,  received  notice  from  a  Nasdaq  Listing
Qualifications Panel (the "Panel") that Nasdaq granted the Company a temporary
exception  to  the  minimum  bid  price  requirement  and  that trading in the
Company's  common  stock will be moved to the Nasdaq SmallCap Market effective
November  9,  1998 pursuant to the following exception.  On or before December
2,  1998, the Company must effect a reverse stock split sufficient to evidence
a  minimum  closing  bid  price  of  at  least  $1.00  per  share; immediately
thereafter,  the  Company's  closing  bid  price must meet or exceed $1.00 per
share for a minimum of ten consecutive trading days.  In order to fully comply
with  this  exception  the Company must be able to demonstrate compliance with
all  requirements  for  continued  listing  on  The  Nasdaq  SmallCap  Market,
including  the  payment  of  all  fees owed by the Company to The Nasdaq Stock
Marketsm.    In the event the Company fails to comply with any of the terms of
this  exception, its securities will be delisted from The Nasdaq Stock Market.

The  Company  has  taken  certain  steps  to  effect a reverse stock split and
believes that it can meet these conditions, however, there can be no assurance
that  it  will  do  so.

For  the  duration  of  the  exception,  the  Company's  Nasdaq symbol will be
"SUBSC."    In  the  event the Company is deemed to have met the terms of this
exception  and  all  other  criteria necessary for continued listing, it would
continue  to  be  listed  on  The  Nasdaq SmallCap Market and the "C" would be
removed  from  the  symbol.

                                  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.

                                            MIAMI SUBS CORPORATION

Date:  November  10,  1998                  By: /s/ Jerry W. Woda
                                                    JERRY  W.  WODA
                                            Senior Vice President,
                                            Chief Financial Officer, and
                                            Principal Accounting and
                                            Financial Officer