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 (Date of earliest event reported)   June 20, 1996 

                             HOME HOLDINGS INC.                       
         (Exact name of registrant as specified in its charter)

       Delaware                 0-19347                    13-3584978 
     (State or other          (Commission             (IRS Employer
      jurisdiction of          File Number)        Identification No.)
      incorporation)

       59 Maiden Lane, New York, New York                  10038-4548 
     (Address of principal executive offices)               (Zip Code)

                          (212) 530-6600        
     Registrant's telephone number, including area code:

                                                                      
     (Former name or former address, if changed since last report)



     ITEM 5.  OTHER EVENTS.

               The Home Insurance Company (the "Company"), a subsidiary
     of Home Holdings Inc., announced on June 20, 1996 that it has
     stopped paying rent for its headquarters in New York City located
     at 59 Maiden Lane.  The Company stated that it has been paying
     over three times the market rent for approximately twice the space
     it actually occupies and that it has received no response from the
     building's owners to a recent proposal to reform the lease.

               The Company went into run-off in June of 1995, meaning
     that it no longer writes new business but continues to pay claims. 
     It is being monitored by the New Hampshire Insurance Department,
     whose primary interest is to protect the Company's assets for the
     benefit of its policyholders.  The Company's Board of Directors
     decided that, considering these financial circumstances, it would
     not be prudent for the Company to continue to pay rent for its
     headquarters at 59 Maiden Lane.

     ITEM 7.  EXHIBITS.

     Exhibit 99.1   Press Release issued by The Home Insurance Company on 
                    June 20, 1996.



                                  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 hereunto duly authorized.

                                   HOME HOLDINGS INC.

     Date:  June 20, 1996          By: /s/ Richard H. Hershman  
                                      Name:  Richard H. Hershman
                                      Title: Treasurer (Principal
                                             Financial and Accounting
                                             Officer through the Services 
                                             Agreement with Risk Enterprise 
                                             Management Limited)
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{"company-data": {"conformed-name": "HOME HOLDINGS INC", "cik": "0000875090", "assigned-sic": "6331", "irs-number": "133584978", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-19347", "film-number": "96583733"}, "business-address": {"street1": "59 MAIDEN LANE", "city": "NEW YORK", "state": "NY", "zip": "10038-4548", "phone": "2125306000"}}
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 (Date of earliest event reported)   June 20, 1996 

                             HOME HOLDINGS INC.                       
         (Exact name of registrant as specified in its charter)

       Delaware                 0-19347                    13-3584978 
     (State or other          (Commission             (IRS Employer
      jurisdiction of          File Number)        Identification No.)
      incorporation)

       59 Maiden Lane, New York, New York                  10038-4548 
     (Address of principal executive offices)               (Zip Code)

                          (212) 530-6600        
     Registrant's telephone number, including area code:

                                                                      
     (Former name or former address, if changed since last report)

     ITEM 5.  OTHER EVENTS.

               The Home Insurance Company (the "Company"), a subsidiary
     of Home Holdings Inc., announced on June 20, 1996 that it has
     stopped paying rent for its headquarters in New York City located
     at 59 Maiden Lane.  The Company stated that it has been paying
     over three times the market rent for approximately twice the space
     it actually occupies and that it has received no response from the
     building's owners to a recent proposal to reform the lease.

               The Company went into run-off in June of 1995, meaning
     that it no longer writes new business but continues to pay claims. 
     It is being monitored by the New Hampshire Insurance Department,
     whose primary interest is to protect the Company's assets for the
     benefit of its policyholders.  The Company's Board of Directors
     decided that, considering these financial circumstances, it would
     not be prudent for the Company to continue to pay rent for its
     headquarters at 59 Maiden Lane.

     ITEM 7.  EXHIBITS.

     Exhibit 99.1   Press Release issued by The Home Insurance Company on 
                    June 20, 1996.

                                  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 hereunto duly authorized.

                                   HOME HOLDINGS INC.

     Date:  June 20, 1996          By: /s/ Richard H. Hershman  
                                      Name:  Richard H. Hershman
                                      Title: Treasurer (Principal
                                             Financial and Accounting
                                             Officer through the Services 
                                             Agreement with Risk Enterprise 
                                             Management Limited)