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

                              September 25, 1995          
                     (Date of earliest event reported)

                             The Harvey Group Inc.              
           (Exact name of Registrant as specified in its charter)

        New York                1-4626                 13-1534671    
     (State of          (Commission File No.)      (IRS Employer
     Incorporation)                                Identification No.)

                600 Secaucus Road, Secaucus, New Jersey 07094      
        (Address of principal executive offices, including zip code)

                               201-865-3418                   
            (Registrant's telephone number, including area code)



     Item 5.  Other Events.

               On October 5, 1995, the Registrant issued a press
     release announcing, among other things, that the Registrant has
     signed a letter of intent providing for additional secured
     debtor-in-possession credit support of $1,500,000.  A copy of the
     press release and letter of intent are attached as Exhibits 99.1
     and 99.2, respectively, to this Form 8-K and are incorporated
     herein by reference.

     Item 7.   Financial Statements and Exhibits.

               (c.) Exhibits

     Exhibit Number           Description

          99.1                Press Release dated October 5, 1995.

          99.2                Letter of Intent, dated September 25,
                              1995, between The Harvey Group Inc. and
                              Harvey Acquisition Corp.


                                  SIGNATURES

                    Pursuant to the requirements of the Securities
          Exchange Act of 1934, as amended, the Registrant has duly
          caused this report to be signed on its behalf by the
          undersigned hereunto duly authorized.

          DATED:  October 5, 1995.

                                   THE HARVEY GROUP INC.

                                   By:  /s/ Joseph J. Calabrese   
                                        Joseph J. Calabrese, Jr.
                                        Vice President, Secretary,
                                        Chief Financial Officer,
                                        Chief Accounting Officer


                                 EXHIBIT INDEX

          Exhibit Number           Description

          99.1                Press Release dated October 5, 1995.

          99.2                Letter of Intent, dated September 25,
                              1995, between The Harvey Group Inc. and
                              Harvey Acquisition Corp.

___________________________________________________________________________


                                                         EXHIBIT 99.1

          Contact:
          Arthur Shulman
          President & CEO
          Joseph J. Calabrese
          Vice President & CFO
          The Harvey Group Inc.
          Tel. (201) 865-3418
          Fax  (201) 865-0342

                             For Immediate Release
                             The Harvey Group Inc.
                       Announces Financing of $1,500,000

                    Secaucus, NJ--October 5, 1995--The Harvey Group
          Inc. (the "Company") announced today that the Company has
          signed a letter of intent with an investor group, which
          sets forth the terms and conditions of an agreement to
          provide additional secured debtor-in-possession credit
          support of $1,500,000.  It is anticipated that these funds
          will be used to fund a reorganization plan and the
          Company's emergence from Chapter 11. 

                    The Company has already received an initial
          installment, and expects the balance of the funds on or
          before November 1, 1995.  The $1,500,000 may be converted
          to equity upon the confirmation of a plan of reorganization
          by the Bankruptcy Court, or at a later date.  

                    Art Shulman, president stated, "I am pleased that
          the Company is now on the road towards a resolution of its
          financial problems and that we will now be able to refocus
          our efforts and resources on our business and the upcoming
          holiday season."

                    Based in Secaucus, New Jersey, Harvey Electronics
          is a specialty retailer of high-quality audio/video consum-
          er electronics and home theater products with six stores in
          the Metropolitan New York area.


____________________________________________________________________________

                                                         EXHIBIT 99.2

                                        September 25, 1995

          Mr. Michael E. Recca
          Recca and Company, Inc.
          c/o Harvey Acquisition Corp.
          20 Exchange Place, Suite 2200
          New York, NY  10005

                         Re:  Harvey Electronics

          Dear Mr. Recca:

                    The purpose of this letter to set forth terms
          and conditions of an agreement in principal pursuant to
          which Harvey Acquisition Corp, or its designee ("HAC")
          will provide debtor-in-possession credit support, provide
          the funding for a plan of reorganization, and make an
          investment in The Harvey Group Inc., and Harvey Sound
          Inc., (hereinafter collectively "Harvey").

                    Subject to the terms and conditions set forth
          below, HAC agrees to invest $1.5 million in Harvey as
          provided herein.  HAC's investment will be made pursuant,
          and is subject, among other things, to the following:

                    1.  Harvey filed a voluntary petition for
          relief under Chapter 11 of the Bankruptcy Code in the
          U.S. Bankruptcy Court for the Southern District of New
          York (96 B 43360-61) on August 3, 1995 (the "Harvey
          Bankruptcy").  By orders of the court dated August 8, and
          August 28, 1995, Harvey obtained debtor-in-possession
          financing from Congress Financial Corporation ("Con-
          gress").

                    2.  Harvey shall file a plan or reorganization
          ("POR"), in form and content acceptable to HAC.

                    3.  The POR will provide, among other things,
          for the following treatment of pre-petition claims:

                         a.  The existing secured working capital
          line with Congress Financial Corp., ($3 million) shall be
          either replaced or continued;

                         b.  The National Westminster Bank term
          loan of $275,000 and the InterEquity Credit Corp. loans
          of $600,000 may be converted to shares of registered
          reorganized Harvey common stock, subject to the approval
          of the lender and in amounts acceptable to HAC and debt-
          or.

                         c.  Unsecured creditors shall receive
          registered shares of reorganized Harvey common stock in
          amounts acceptable to HAC & Debtor.

                         d.  Existing Harvey Shareholders, as of a
          record date to be determined, shall receive shares of
          reorganized Harvey common stock or warrants for such
          shares in amounts acceptable to HAC and Debtor.

                         e.  Real property lease cure amounts shall
          be settled on terms acceptable to HAC.

                         f.  Administrative and priority claims
          will not exceed $125,000, exclusive of lease cures and
          post petition accounts payable.

                    4.  HAC may, at is option, convert the debt
          owed to it by Harvey to reorganized Harvey common stock
          in an appropriate ratio to the distributions described in
          paragraphs 3(b),(c), and (d) above, and in amounts of
          shares and warrants acceptable to HAC.

                    5.  Management and key employees shall partici-
          pate in a stock option plan of reorganized Harvey stock,
          acceptable to HAC.

                    6.  Harvey will confirm its POR no later than
          February 29, 1996 with an effective date no later than
          March 31, 1996.  The final confirmation order will be
          satisfactory in form and substance to HAC.

                    7.  The board of directors of reorganized
          Harvey will be determined by HAC, with participation by
          senior management of Harvey.  In addition, HAC may, at
          its sole discretion, receive representation on the board
          concomitant with funding of the loans described below.

                    8.  Art Shulman, Joe Calabrese and Franklin
          Karp will be members of the senior management of Harvey,
          and shall enter into management (employment) contracts
          with reorganized Harvey on terms acceptable to them and
          HAC.

                    9.  HAC shall, before the later of September
          29, 1995 or four (4) days after execution of agreement,
          make available $250,000 to Harvey in form of loans (made
          either directly by HAC or as a junior, participant in the
          Congress financing) pursuant to an order to be entered in
          the Harvey bankruptcy, such loans to be on a secured
          basis subject and subordinate only to the Congress fi-
          nancing.  The form of order approving such financing
          shall be acceptable to HAC in its sole discretion.  These
          funds shall be utilized by Harvey to purchase inventory
          and for other operational expenses acceptable to HAC. 
          These loans may at the option of HAC be converted to
          equity upon confirmation of the POR, or at any time
          thereafter.

                    10.  On or before November 1, 1995, HAC shall
          make available to Harvey an additional $1,250,000 in the
          form of loans to be made pursuant to an order to be
          entered in the Harvey Bankruptcy, such loans to be on a
          secured basis subject and subordinate only to the Con-
          gress financing.  The form of order approving such fi-
          nancing shall be acceptable to HAC in its sole discre-
          tion.  These funds shall be utilized by Harvey to pur-
          chase inventory and for other operational expenses ac-
          ceptable to HAC.  These loans may at option of HAC be
          converted to equity upon confirmation of POR, or any time
          thereafter.

                    11.  This agreement is subject in all respects
          to the execution and delivery of final, definitive docu-
          mentation, and approval thereof by order of the Bankrupt-
          cy Court ("Approval Order").

                    12.  All amounts loaned by HAC pursuant to
          paragraphs 9 and 10 herein shall be repaid in event the
          POR is not confirmed as set forth herein.

                                        Sincerely yours,

                                        Art Shulman
                                        President

          ACCEPTED AND AGREED TO
          HARVEY ACQUISITION CORP.

          By: /s/ Peter M. Burns 
             Peter M. Burns
             President
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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

                              September 25, 1995          
                     (Date of earliest event reported)

                             The Harvey Group Inc.              
           (Exact name of Registrant as specified in its charter)

        New York                1-4626                 13-1534671    
     (State of          (Commission File No.)      (IRS Employer
     Incorporation)                                Identification No.)

                600 Secaucus Road, Secaucus, New Jersey 07094      
        (Address of principal executive offices, including zip code)

                               201-865-3418                   
            (Registrant's telephone number, including area code)

     Item 5.  Other Events.

               On October 5, 1995, the Registrant issued a press
     release announcing, among other things, that the Registrant has
     signed a letter of intent providing for additional secured
     debtor-in-possession credit support of $1,500,000.  A copy of the
     press release and letter of intent are attached as Exhibits 99.1
     and 99.2, respectively, to this Form 8-K and are incorporated
     herein by reference.

     Item 7.   Financial Statements and Exhibits.

               (c.) Exhibits

     Exhibit Number           Description

          99.1                Press Release dated October 5, 1995.

          99.2                Letter of Intent, dated September 25,
                              1995, between The Harvey Group Inc. and
                              Harvey Acquisition Corp.

                                  SIGNATURES

                    Pursuant to the requirements of the Securities
          Exchange Act of 1934, as amended, the Registrant has duly
          caused this report to be signed on its behalf by the
          undersigned hereunto duly authorized.

          DATED:  October 5, 1995.

                                   THE HARVEY GROUP INC.

                                   By:  /s/ Joseph J. Calabrese   
                                        Joseph J. Calabrese, Jr.
                                        Vice President, Secretary,
                                        Chief Financial Officer,
                                        Chief Accounting Officer

                                 EXHIBIT INDEX

          Exhibit Number           Description

          99.1                Press Release dated October 5, 1995.

          99.2                Letter of Intent, dated September 25,
                              1995, between The Harvey Group Inc. and
                              Harvey Acquisition Corp.

___________________________________________________________________________

                                                         EXHIBIT 99.1

          Contact:
          Arthur Shulman
          President & CEO
          Joseph J. Calabrese
          Vice President & CFO
          The Harvey Group Inc.
          Tel. (201) 865-3418
          Fax  (201) 865-0342

                             For Immediate Release
                             The Harvey Group Inc.
                       Announces Financing of $1,500,000

                    Secaucus, NJ--October 5, 1995--The Harvey Group
          Inc. (the "Company") announced today that the Company has
          signed a letter of intent with an investor group, which
          sets forth the terms and conditions of an agreement to
          provide additional secured debtor-in-possession credit
          support of $1,500,000.  It is anticipated that these funds
          will be used to fund a reorganization plan and the
          Company's emergence from Chapter 11. 

                    The Company has already received an initial
          installment, and expects the balance of the funds on or
          before November 1, 1995.  The $1,500,000 may be converted
          to equity upon the confirmation of a plan of reorganization
          by the Bankruptcy Court, or at a later date.  

                    Art Shulman, president stated, "I am pleased that
          the Company is now on the road towards a resolution of its
          financial problems and that we will now be able to refocus
          our efforts and resources on our business and the upcoming
          holiday season."

                    Based in Secaucus, New Jersey, Harvey Electronics
          is a specialty retailer of high-quality audio/video consum-
          er electronics and home theater products with six stores in
          the Metropolitan New York area.

____________________________________________________________________________

                                                         EXHIBIT 99.2

                                        September 25, 1995

          Mr. Michael E. Recca
          Recca and Company, Inc.
          c/o Harvey Acquisition Corp.
          20 Exchange Place, Suite 2200
          New York, NY  10005

                         Re:  Harvey Electronics

          Dear Mr. Recca:

                    The purpose of this letter to set forth terms
          and conditions of an agreement in principal pursuant to
          which Harvey Acquisition Corp, or its designee ("HAC")
          will provide debtor-in-possession credit support, provide
          the funding for a plan of reorganization, and make an
          investment in The Harvey Group Inc., and Harvey Sound
          Inc., (hereinafter collectively "Harvey").

                    Subject to the terms and conditions set forth
          below, HAC agrees to invest $1.5 million in Harvey as
          provided herein.  HAC's investment will be made pursuant,
          and is subject, among other things, to the following:

                    1.  Harvey filed a voluntary petition for
          relief under Chapter 11 of the Bankruptcy Code in the
          U.S. Bankruptcy Court for the Southern District of New
          York (96 B 43360-61) on August 3, 1995 (the "Harvey
          Bankruptcy").  By orders of the court dated August 8, and
          August 28, 1995, Harvey obtained debtor-in-possession
          financing from Congress Financial Corporation ("Con-
          gress").

                    2.  Harvey shall file a plan or reorganization
          ("POR"), in form and content acceptable to HAC.

                    3.  The POR will provide, among other things,
          for the following treatment of pre-petition claims:

                         a.  The existing secured working capital
          line with Congress Financial Corp., ($3 million) shall be
          either replaced or continued;

                         b.  The National Westminster Bank term
          loan of $275,000 and the InterEquity Credit Corp. loans
          of $600,000 may be converted to shares of registered
          reorganized Harvey common stock, subject to the approval
          of the lender and in amounts acceptable to HAC and debt-
          or.

                         c.  Unsecured creditors shall receive
          registered shares of reorganized Harvey common stock in
          amounts acceptable to HAC & Debtor.

                         d.  Existing Harvey Shareholders, as of a
          record date to be determined, shall receive shares of
          reorganized Harvey common stock or warrants for such
          shares in amounts acceptable to HAC and Debtor.

                         e.  Real property lease cure amounts shall
          be settled on terms acceptable to HAC.

                         f.  Administrative and priority claims
          will not exceed $125,000, exclusive of lease cures and
          post petition accounts payable.

                    4.  HAC may, at is option, convert the debt
          owed to it by Harvey to reorganized Harvey common stock
          in an appropriate ratio to the distributions described in
          paragraphs 3(b),(c), and (d) above, and in amounts of
          shares and warrants acceptable to HAC.

                    5.  Management and key employees shall partici-
          pate in a stock option plan of reorganized Harvey stock,
          acceptable to HAC.

                    6.  Harvey will confirm its POR no later than
          February 29, 1996 with an effective date no later than
          March 31, 1996.  The final confirmation order will be
          satisfactory in form and substance to HAC.

                    7.  The board of directors of reorganized
          Harvey will be determined by HAC, with participation by
          senior management of Harvey.  In addition, HAC may, at
          its sole discretion, receive representation on the board
          concomitant with funding of the loans described below.

                    8.  Art Shulman, Joe Calabrese and Franklin
          Karp will be members of the senior management of Harvey,
          and shall enter into management (employment) contracts
          with reorganized Harvey on terms acceptable to them and
          HAC.

                    9.  HAC shall, before the later of September
          29, 1995 or four (4) days after execution of agreement,
          make available $250,000 to Harvey in form of loans (made
          either directly by HAC or as a junior, participant in the
          Congress financing) pursuant to an order to be entered in
          the Harvey bankruptcy, such loans to be on a secured
          basis subject and subordinate only to the Congress fi-
          nancing.  The form of order approving such financing
          shall be acceptable to HAC in its sole discretion.  These
          funds shall be utilized by Harvey to purchase inventory
          and for other operational expenses acceptable to HAC. 
          These loans may at the option of HAC be converted to
          equity upon confirmation of the POR, or at any time
          thereafter.

                    10.  On or before November 1, 1995, HAC shall
          make available to Harvey an additional $1,250,000 in the
          form of loans to be made pursuant to an order to be
          entered in the Harvey Bankruptcy, such loans to be on a
          secured basis subject and subordinate only to the Con-
          gress financing.  The form of order approving such fi-
          nancing shall be acceptable to HAC in its sole discre-
          tion.  These funds shall be utilized by Harvey to pur-
          chase inventory and for other operational expenses ac-
          ceptable to HAC.  These loans may at option of HAC be
          converted to equity upon confirmation of POR, or any time
          thereafter.

                    11.  This agreement is subject in all respects
          to the execution and delivery of final, definitive docu-
          mentation, and approval thereof by order of the Bankrupt-
          cy Court ("Approval Order").

                    12.  All amounts loaned by HAC pursuant to
          paragraphs 9 and 10 herein shall be repaid in event the
          POR is not confirmed as set forth herein.

                                        Sincerely yours,

                                        Art Shulman
                                        President

          ACCEPTED AND AGREED TO
          HARVEY ACQUISITION CORP.

          By: /s/ Peter M. Burns 
             Peter M. Burns
             President