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: May 22, 1996
                                
                   Commission File No. 0-17069
                                
                                
                          Excal Enterprises, Inc.
     (Exact name of registrant as specified in its charter)
                                
                                
      Delaware                             59-2855398
(State or other jurisdiction of          (I.R.S. Employer
incorporation or organization)           Identification No.) 

    100 North Tampa Street, Suite 3575, Tampa, Florida  33602
            (Address of principal executive offices)
                                
                          (813) 224-0228
       Registrant's telephone number, including area code

Item 5.  Other Events.

Assix Automotive, Inc., a wholly owned subsidiary of Excal
Enterprises, Inc., received notice from 4Day Tire Stores of its
intention to terminate its Agency Agreement for the provision of
AccuBalance" wheel balancing services, effective June 29, 1996.
The Agency Agreement between 4Day Tire Stores and the Company
requires a twelve month notice of termination.  The Company and
4Day Tire Stores are currently negotiating a settlement of Four
Day TiresO obligations under the Agency Agreement.  4Day Tire
Stores accounted for $266,330 of revenue in fiscal 1995 and
$184,235 of revenue in the first nine months of fiscal 1996.

Item  7(c).  Exhibits.

     None.


                           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.


                               EXCAL ENTERPRISES, INC.


Dated: May 22, 1996            By:  /S/ W. CAREY WEBB
                                    W. Carey Webb
                                    President and CEO
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{"company-data": {"conformed-name": "EXCAL ENTERPRISES INC", "cik": "0000832813", "assigned-sic": "3559", "irs-number": "592855398", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17069", "film-number": "96570763"}, "business-address": {"street1": "100 N TAMPA ST", "street2": "STE 3575", "city": "TAMPA", "state": "FL", "zip": "33602", "phone": "8132240228"}, "mail-address": {"street1": "100 NORTH TAMPA ST SUITE 3575", "street2": "100 NORTH TAMPA ST SUITE 3575", "city": "TAMPA", "state": "FL", "zip": "33602"}, "former-company": {"former-conformed-name": "ASSIX INTERNATIONAL INC", "date-changed": "19920703"}}
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: May 22, 1996
                                
                   Commission File No. 0-17069
                                
                                
                          Excal Enterprises, Inc.
     (Exact name of registrant as specified in its charter)
                                
                                
      Delaware                             59-2855398
(State or other jurisdiction of          (I.R.S. Employer
incorporation or organization)           Identification No.) 

    100 North Tampa Street, Suite 3575, Tampa, Florida  33602
            (Address of principal executive offices)
                                
                          (813) 224-0228
       Registrant's telephone number, including area code

Item 5.  Other Events.

Assix Automotive, Inc., a wholly owned subsidiary of Excal
Enterprises, Inc., received notice from 4Day Tire Stores of its
intention to terminate its Agency Agreement for the provision of
AccuBalance" wheel balancing services, effective June 29, 1996.
The Agency Agreement between 4Day Tire Stores and the Company
requires a twelve month notice of termination.  The Company and
4Day Tire Stores are currently negotiating a settlement of Four
Day TiresO obligations under the Agency Agreement.  4Day Tire
Stores accounted for $266,330 of revenue in fiscal 1995 and
$184,235 of revenue in the first nine months of fiscal 1996.

Item  7(c).  Exhibits.

     None.

                           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.

                               EXCAL ENTERPRISES, INC.

Dated: May 22, 1996            By:  /S/ W. CAREY WEBB
                                    W. Carey Webb
                                    President and CEO