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 13, 1997

                              HOME HOLDINGS INC.

            (Exact name of registrant as specified in its charter)

           Delaware             0-19347                    13-3584978
  (State of Incorporation)  (Commission file number)    (I.R.S. Employer 
                                                        Identification No.)

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

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



          Item 5.  Other Events

                    On June 13, 1997, the Supreme Court of New York
          County, New York, issued a Decision granting partial
          summary judgment for Defendant Olympia & York Maiden Lane
          Company ("O&YMLC") against Plaintiff The Home Insurance
          Company ("Home Insurance") on several claims arising in
          The Home Insurance Company v. Olympia & York Maiden Lane
          Company, et al. (Index No. 603714/96).  Home Insurance is
          a New Hampshire-domiciled property and casualty insurance
          company and the principal subsidiary of the Registrant. 
          The litigation between Home Insurance and O&YMLC is in
          connection with 59 Maiden Lane, New York, New York, the
          commercial premises of which Home Insurance is the primary 
          tenant.

                    In its Decision, the Court found that O&YMLC,
          Home Insurance's landlord with respect to 59 Maiden Lane,
          was entitled to the entry of judgment for arrears in rents due 
          and owing from June 1, 1996 to November 30, 1996, plus costs
          and disbursements, and the Court vacated the stay of entry and
          execution it entered on December 30, 1996 with respect to
          the payment of such arrearages.

                    The Court also directed Home Insurance to
          deposit with a temporary receiver, ten Court days after
          service of a verified schedule of subject lease rental
          arrears, all rents due and owing from December 1, 1996 to
          June 30, 1997, and to continue depositing such rents with
          the temporary receiver on a monthly basis thereafter
          until further Order of the Court.  The Court otherwise
          denied summary judgment.

                    Home Insurance currently is reviewing its
          options with respect to this issue, and may seek appel-
          late review of the decision at the appropriate time.

                    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.

          Dated: June 20, 1997     By:  /s/ Richard H. Hershman   
                                        Richard H. Hershman

                                   (Principal Financial and Ac-
                                   counting Officer through the
                                   Services Agreement, dated June
                                   12, 1995, between Risk Enter-
                                   prise Management Limited, a
                                   Delaware corporation, and Home
                                   Insurance)
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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": "97627808"}, "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 13, 1997

                              HOME HOLDINGS INC.

            (Exact name of registrant as specified in its charter)

           Delaware             0-19347                    13-3584978
  (State of Incorporation)  (Commission file number)    (I.R.S. Employer 
                                                        Identification No.)

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

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

          Item 5.  Other Events

                    On June 13, 1997, the Supreme Court of New York
          County, New York, issued a Decision granting partial
          summary judgment for Defendant Olympia & York Maiden Lane
          Company ("O&YMLC") against Plaintiff The Home Insurance
          Company ("Home Insurance") on several claims arising in
          The Home Insurance Company v. Olympia & York Maiden Lane
          Company, et al. (Index No. 603714/96).  Home Insurance is
          a New Hampshire-domiciled property and casualty insurance
          company and the principal subsidiary of the Registrant. 
          The litigation between Home Insurance and O&YMLC is in
          connection with 59 Maiden Lane, New York, New York, the
          commercial premises of which Home Insurance is the primary 
          tenant.

                    In its Decision, the Court found that O&YMLC,
          Home Insurance's landlord with respect to 59 Maiden Lane,
          was entitled to the entry of judgment for arrears in rents due 
          and owing from June 1, 1996 to November 30, 1996, plus costs
          and disbursements, and the Court vacated the stay of entry and
          execution it entered on December 30, 1996 with respect to
          the payment of such arrearages.

                    The Court also directed Home Insurance to
          deposit with a temporary receiver, ten Court days after
          service of a verified schedule of subject lease rental
          arrears, all rents due and owing from December 1, 1996 to
          June 30, 1997, and to continue depositing such rents with
          the temporary receiver on a monthly basis thereafter
          until further Order of the Court.  The Court otherwise
          denied summary judgment.

                    Home Insurance currently is reviewing its
          options with respect to this issue, and may seek appel-
          late review of the decision at the appropriate time.

                    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.

          Dated: June 20, 1997     By:  /s/ Richard H. Hershman   
                                        Richard H. Hershman

                                   (Principal Financial and Ac-
                                   counting Officer through the
                                   Services Agreement, dated June
                                   12, 1995, between Risk Enter-
                                   prise Management Limited, a
                                   Delaware corporation, and Home
                                   Insurance)