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 Report (Earliest Event Reported):  February 3, 1997

Exact name of Registrant
 as specified in its charter:  The Diana Corporation

State or Other Jurisdiction of Incorporation:  Delaware

Commission File Number:  1-5486

I.R.S. Employer Identification Number:  36-2448698

Address of Principal Executive Office:  26025 Mureau Road        
                                        Calabasas, CA 91302
                                        
Registrant's Telephone Number, Including Area Code:  (818) 878-7711

ITEM 5.  OTHER EVENTS                          

     On February 4, 1997, the Company announced that it has
completed the sale of the assets of Atlanta Provision Company, Inc.
to Colorado Boxed Beef Company.

ITEM 7.  Financial Statements and Exhibits

         (c)  Exhibits

              99.1  Press release dated February 4, 1997.

                           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 DIANA CORPORATION
                                      (Registrant)


Date:  February 5, 1997          /s/ R. Scott Miswald
                                     Vice President and Treasurer
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{"company-data": {"conformed-name": "DIANA CORP", "cik": "0000057201", "assigned-sic": "5140", "irs-number": "362448698", "state-of-incorporation": "DE", "fiscal-year-end": "0403"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-05486", "film-number": "97518603"}, "business-address": {"street1": "8200 W BROWN DEER ROAD", "city": "MILWAUKEE", "state": "WI", "zip": "53223-1706", "phone": "4143550037"}, "former-company": [{"former-conformed-name": "FH INDUSTRIES CORP", "date-changed": "19850814"}, {"former-conformed-name": "SCOT LAD FOODS INC", "date-changed": "19841202"}]}
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 Report (Earliest Event Reported):  February 3, 1997

Exact name of Registrant
 as specified in its charter:  The Diana Corporation

State or Other Jurisdiction of Incorporation:  Delaware

Commission File Number:  1-5486

I.R.S. Employer Identification Number:  36-2448698

Address of Principal Executive Office:  26025 Mureau Road        
                                        Calabasas, CA 91302
                                        
Registrant's Telephone Number, Including Area Code:  (818) 878-7711

ITEM 5.  OTHER EVENTS                          

     On February 4, 1997, the Company announced that it has
completed the sale of the assets of Atlanta Provision Company, Inc.
to Colorado Boxed Beef Company.

ITEM 7.  Financial Statements and Exhibits

         (c)  Exhibits

              99.1  Press release dated February 4, 1997.

                           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 DIANA CORPORATION
                                      (Registrant)

Date:  February 5, 1997          /s/ R. Scott Miswald
                                     Vice President and Treasurer