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) July 14, 1997

                              HOME HOLDINGS INC.

            (Exact name of registrant as specified in its charter)

          Delaware             0-19347                    13-3584978

  (State of Incorporation)  (Commission file             (I.R.S. Employer
                               number)                 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

          The Registrant announced yesterday that on July 14 the
          New Hampshire Insurance Commissioner (the "Commissioner")
          approved a dividend payment to the Registrant by The Home
          Insurance Company, a New Hampshire-domiciled property and
          casualty stock insurance company and the principal,
          wholly-owned subsidiary of the Registrant ("Home
          Insurance"), in the amount of $11,637,500 (plus 29 days'
          interest).  The Board of Directors of Home Insurance had
          previously declared the dividend, subject to the
          Commissioner's approval.  Under the terms of an Order of
          Supervision issued by the Commissioner on March 3, 1997
          and a Consent Order issued by the Commissioner on June 9,
          1995, Home Insurance may not make any single non-claims
          payment in excess of $500,000, nor pay any dividend,
          respectively, without the prior approval of the
          Commissioner.

          Home Insurance's Board declared the dividend for the
          purpose of funding the payment of interest by the
          Registrant on its 7-7/8% Senior Notes due December 15,
          2003, 7-7/8% Senior Sinking Fund Notes due December 15,
          2003 and 7% Senior Notes due December 15, 1998
          (collectively, the "Notes") to prevent the occurrence of
          an "Event of Default" under the Notes.

          The declaration and payment of the dividend by Home
          Insurance to the Registrant is surplus-neutral to Home
          Insurance because Home Insurance's aggregate maximum
          reinsurance coverage under the Aggregate Excess of Loss
          Reinsurance Agreement between Home Insurance and Centre
          Reinsurance Dublin (an affiliate of the Zurich Insurance
          Group) is increased by an amount equal to any dividend
          paid by Home Insurance prior to June 12, 1998 for the
          purpose of funding an interest payment on the Notes by
          the Registrant, plus any interest that Home Insurance
          would have otherwise earned on the funds used to pay such
          dividend.  As a result, the dividend payment will neither
          increase nor decrease Home Insurance's statutory surplus,
          which at March 31 was approximately $30 million after the
          discounting of loss reserves.

          Item 7.  Financial Statements, Pro Forma Financial
                   Information and Exhibits

               (c)  Exhibits.

                    (99.1)    Press release issued on July 15,
                              1997.


                    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: July 16, 1997     By: /s/ Richard H. Hershman 
                                       _________________________  
                                           Richard H. Hershman

                                   (Principal Financial and
                                   Accounting Officer through the
                                   Services Agreement, dated June
                                   12, 1995, between Risk
                                   Enterprise Management Limited, a
                                   Delaware corporation, and Home
                                   Insurance)
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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 Report (Date of earliest event reported) July 14, 1997

                              HOME HOLDINGS INC.

            (Exact name of registrant as specified in its charter)

          Delaware             0-19347                    13-3584978

  (State of Incorporation)  (Commission file             (I.R.S. Employer
                               number)                 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

          The Registrant announced yesterday that on July 14 the
          New Hampshire Insurance Commissioner (the "Commissioner")
          approved a dividend payment to the Registrant by The Home
          Insurance Company, a New Hampshire-domiciled property and
          casualty stock insurance company and the principal,
          wholly-owned subsidiary of the Registrant ("Home
          Insurance"), in the amount of $11,637,500 (plus 29 days'
          interest).  The Board of Directors of Home Insurance had
          previously declared the dividend, subject to the
          Commissioner's approval.  Under the terms of an Order of
          Supervision issued by the Commissioner on March 3, 1997
          and a Consent Order issued by the Commissioner on June 9,
          1995, Home Insurance may not make any single non-claims
          payment in excess of $500,000, nor pay any dividend,
          respectively, without the prior approval of the
          Commissioner.

          Home Insurance's Board declared the dividend for the
          purpose of funding the payment of interest by the
          Registrant on its 7-7/8% Senior Notes due December 15,
          2003, 7-7/8% Senior Sinking Fund Notes due December 15,
          2003 and 7% Senior Notes due December 15, 1998
          (collectively, the "Notes") to prevent the occurrence of
          an "Event of Default" under the Notes.

          The declaration and payment of the dividend by Home
          Insurance to the Registrant is surplus-neutral to Home
          Insurance because Home Insurance's aggregate maximum
          reinsurance coverage under the Aggregate Excess of Loss
          Reinsurance Agreement between Home Insurance and Centre
          Reinsurance Dublin (an affiliate of the Zurich Insurance
          Group) is increased by an amount equal to any dividend
          paid by Home Insurance prior to June 12, 1998 for the
          purpose of funding an interest payment on the Notes by
          the Registrant, plus any interest that Home Insurance
          would have otherwise earned on the funds used to pay such
          dividend.  As a result, the dividend payment will neither
          increase nor decrease Home Insurance's statutory surplus,
          which at March 31 was approximately $30 million after the
          discounting of loss reserves.

          Item 7.  Financial Statements, Pro Forma Financial
                   Information and Exhibits

               (c)  Exhibits.

                    (99.1)    Press release issued on July 15,
                              1997.

                    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: July 16, 1997     By: /s/ Richard H. Hershman 
                                       _________________________  
                                           Richard H. Hershman

                                   (Principal Financial and
                                   Accounting Officer through the
                                   Services Agreement, dated June
                                   12, 1995, between Risk
                                   Enterprise Management Limited, a
                                   Delaware corporation, and Home
                                   Insurance)