18
                          Page 1 of 13
                            FORM 10-Q
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549
          QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF
               THE SECURITIES EXCHANGE ACT OF 1934
                                
For quarter ended September 30, 1997

Commission file number 1-19254

                                
                    Lifetime Hoan Corporation
     (Exact name of registrant as specified in its charter)

Delaware                                               11-2682486
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer)
Identification No.)

One Merrick Avenue, Westbury, NY                                 11590
(Address of principal executive offices)                         (Zip Code)

Registrant's telephone number, including area code  (516) 683-
6000
                                
                          Not applicable
 (Former name, former address and former fiscal year, if changed
                       since last report)


  Indicate by check mark whether the registrant (1) has  filed
  all  reports required to be filed by Section 13 or 15(d)  of
  the Securities Exchange Act of 1934 during the preceding  12
  months (or for such shorter periods that the registrant  was
  required to file such reports), and (2) has been subject  to
  such filing requirements for the past 90 days.
  Yes X No

              APPLICABLE ONLY TO CORPORATE ISSUERS
Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.
Common Stock, $.01 Par Value 12,496,262 shares outstanding as of
                        October 31, 1997
                                
                                
                              INDEX
                                
                    LIFETIME HOAN CORPORATION



PART I. FINANCIAL INFORMATION


Item 1. Financial Statements (Unaudited)

Condensed Consolidated Balance Sheets as of September 30, 1997
    and December 31, 1996                                       3

Condensed Consolidated Statements of Income for the
    Three and Nine months ended September 30, 1997 and 1996     4

Condensed Consolidated Statement of Changes in Stockholders'
Equity for the
    Nine months ended September 30, 1997                        5

Condensed Consolidated Statements of Cash Flows for the
    Nine months ended September 30, 1997 and 1996               6

Notes to Condensed Consolidated Financial Statements for the
    Nine months ended September 30, 1997                        7



Item 2. Management's Discussion and Analysis of Financial
Condition
    and Results of Operations                                   9



PART II. OTHER INFORMATION                                     12


SIGNATURES                                                     14


ITEM 1.  FINANCIAL STATEMENTS

                   CONDENSED CONSOLIDATED BALANCE SHEETS
                         LIFETIME HOAN CORPORATION

<TABLE>
<CAPTION>
<S>                                               <C>           <C>
                                                   September     December
                                                      30,           31,
                                                     1997          1996
                                                  (unaudited)      (Note)
ASSETS                                                               
CURRENT ASSETS                                                       
Cash and cash equivalents                             $37,991    $1,093,432
Accounts receivable, less allowances of $805,000                           
(1997)
and $791,000 (1996)                                14,744,508    14,000,366
Merchandise inventories                            44,787,308    39,916,990
Prepaid expenses                                    4,113,652     4,930,194
Deferred income taxes                               1,274,000     1,018,000
Other current assets                                1,226,862       925,181
TOTAL CURRENT ASSETS                               66,184,321    61,884,163
PROPERTY AND EQUIPMENT, at cost, net of                                    
accumulated depreciation
and amortization of $5,000,972 (1997) and           9,445,775     8,696,802
$4,016,403 (1996)
EXCESS OF COST OVER NET ASSETS ACQUIRED, net of                            
Accumulated amortization of $822,200 (1997) and     1,857,002     1,905,902
$773,300 (1996)
OTHER INTANGIBLES, net of accumulated                                      
amortization of
     $628,500 (1997) and $335,250 (1996)           11,047,634    11,340,884
OTHER ASSETS                                          989,728       944,164
                                                  $89,524,460   $84,771,915
LIABILITIES AND STOCKHOLDERS' EQUITY                                       
CURRENT LIABILITIES                                                        
Accounts payable and trade acceptances             $5,214,671    $4,012,132
Accrued expenses                                    5,042,312     6,882,422
Income taxes                                        1,315,841     1,318,728
Short term borrowings                                             1,000,000
TOTAL CURRENT LIABILITIES                          11,572,824    13,213,282
                                                                           
STOCKHOLDERS' EQUITY                                                       
Series B Preferred Stock, $1 par value,                                    
authorized 2,000,000
Shares; none issued                                                        
Common Stock, $.01 par value, authorized                                   
25,000,000 shares;
Issued and outstanding 12,494,749 (1997) and          124,948       124,065
12,406,509 (1996)
Paid-in capital                                    75,182,094    74,756,842
Retained earnings                                   3,618,369   (2,336,661)
                                                   78,925,411    72,544,246
Less:
Notes receivable for shares issued to                 908,064       908,064

stockholders
Deferred compensation                                  65,711        77,549
                                                   77,951,636    71,558,633
                                                                           
                                                  $89,524,460   $84,771,915
                                                                     

Note:  The Balance Sheet at December 31, 1996 has been derived  from  the
audited financial statements at that date but does not include all of the
information  and  footnotes  required by  generally  accepted  accounting
principles for complete financial statements.
                                                          
See notes to condensed consolidated financial
statements.
                                     
                                     
                CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                                (UNAUDITED)
                         LIFETIME HOAN CORPORATION
                                     

</TABLE>


<TABLE>
<CAPTION>
<S>                             <C>        <C>         <C>        <C>
                                 Three Months Ended      Nine Months Ended
                                   September 30,           September 30,
                                  1997       1996        1997        1996
                                                                  
Net sales                     $24,515,723 $25,116,296  $67,757,158 $65,380,614
Cost of sales                  12,104,533  11,707,992   34,440,486  32,782,813
                               12,411,190  13,408,304   33,316,672  32,597,801
                                                                            
Selling, general and            7,462,978   8,502,046   23,552,991  22,622,276
                                                                            
INCOME FROM OPERATIONS          4,948,212   4,906,258    9,763,681   9,975,525
                                                                            
Other (income) deductions:                                                  
   Interest expense                 6,754     193,399       54,195     527,932
   Other (income), net           (36,041)    (25,120)     (95,544)    (78,881)
                                                                            
INCOME BEFORE INCOME TAXES      4,977,499   4,737,979    9,805,030   9,526,474
                                                                            
Provision for federal, state                                                
and local
Income taxes                    1,923,000   1,865,000    3,850,000   3,710,000
                                                                            
NET INCOME                     $3,054,499  $2,872,979   $5,955,030  $5,816,474
                                                                            
NET INCOME PER SHARE                $0.24       $0.23        $0.47       $0.46
                                                                            
WEIGHTED AVERAGE SHARES                                                     
   OUTSTANDING                 12,673,562  12,689,031   12,648,537  12,678,828
                                                                  
                                                                  


                                     
                                     
                                     
         See notes to condensed consolidated financial statements



      CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

                                   (UNAUDITED)
                                        
                            LIFETIME HOAN CORPORATION
                                        
                                        
                                        

</TABLE>


<TABLE>
<CAPTION>
<S>               <C>       <C>      <C>        <C>       <C>            <C>         <C>
                     Common Stock     Paid-in   Retained      Notes       Deferred       
                                                           Receivable
                   Shares   Amount    Capital   Earnings      from       Compensation    Total
                                                          Stockholders       
Balance at                                                                                    
Dec. 31, 1996   12,406,509 $124,065  $74,756,842 ($2,336,661) ($908,064)   ($77,549)  $71,558,633
                                                                                              
Exercise of stoc    88,240      883      425,252                                          426,135
options
                                                                                              
Net income for                                                                                
the Nine months
ended
September 30, 1997                                   5,955,030                          5,955,030
30, 1997
                                                                                              
Amortization of                                                              11,838        11,838
deferred compensation
                                                                                              
Balance at                                                                                    
Sept 30, 1997     12,494,749 $124,948 $75,182,094  $3,618,369 ($908,064)   ($65,711)  $77,951,636
                                                                                              
                                        
                                        
            See notes to condensed consolidated financial statements.
                                        
                                        
                                        
                                     
              CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                (UNAUDITED)
                         LIFETIME HOAN CORPORATION

</TABLE>


<TABLE>
<CAPTION>
<S>                                        <C>          <C>
                                              Nine         Nine
                                             Months       Months
                                             Ended        Ended
                                         September 30,  September 30,
                                              1997         1996
OPERATING ACTIVITIES                                         
Net income                                 $5,955,030    $5,816,474
Adjustments to reconcile net income to                            
net cash
Provided by / (used in) operating                                 
activities:
Depreciation and amortization               1,347,136    1,122,484
Amortization of deferred compensation          11,838       11,838
Deferred tax (benefit)                      (256,000)       70,000
Provision for losses on accounts            1,952,824      446,256
receivable
Changes in operating assets and                                   
liabilities:
Accounts receivable                       (2,696,966)  (1,975,528)
Merchandise inventories                   (4,870,318)     (73,089)
Prepaid expenses, other current assets                            
     and other assets                         469,297  (2,233,752)
Accounts payable and trade acceptances                            
  and accrued expenses                      (637,571)    2,785,077
Income taxes payable                          (2,887)      744,071
                                                                  
NET CASH PROVIDED BY                                              
OPERATING ACTIVITIES                        1,272,383    6,713,831
                                                                  
INVESTING ACTIVITIES                                              
Purchase of property and equipment, net   (1,753,959)  (1,726,877)
Purchase of intangibles                                (9,077,617)
                                                                  
NET CASH (USED IN)                                                
INVESTING ACTIVITIES                      (1,753,959) (10,804,494)
                                                                  
FINANCING ACTIVITIES                                              
(Repayments)/Proceeds from short term     (1,000,000)    3,800,000
borrowings, net                                    
Proceeds from the exercise of warrants                       6,147
Proceeds from the exercise of stock           426,135      111,566
options
Repayment of note receivable                               140,000
                                                                  
NET CASH (USED IN) / PROVIDED BY                                  
FINANCING ACTIVITIES                        (573,865)    4,057,713
                                                                  
(DECREASE) IN CASH AND CASH                                       
EQUIVALENTS                               (1,055,441)     (32,950)
Cash and cash equivalents at beginning of   1,093,432       89,797
period
CASH AND CASH EQUIVALENTS AT END OF           $37,991      $56,847
PERIOD...
                                                             
See notes to condensed consolidated                          
financial statements
                                                             
       NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                            (UNAUDITED)
                     LIFETIME HOAN CORPORATION

Note   A  -  Basis  of  Presentation  The  accompanying  unaudited
condensed consolidated financial statements have been prepared  in
accordance  with  generally  accepted  accounting  principles  for
interim financial information and with the instructions to Form 10-
Q  and  Article  10 of Regulation S-X. Accordingly,  they  do  not
include all of the information and footnotes required by generally
accepted  accounting principles for complete financial statements.
In  the  opinion  of  management, all adjustments  (consisting  of
normal  recurring  accruals)  considered  necessary  for  a   fair
presentation  have been included. Operating results for  the  nine
month   period  ended  September  30,  1997  are  not  necessarily
indicative of the results that may be expected for the year  ended
December 31, 1997. For further information, refer to the financial
statements and footnotes thereto included in the Company's  Annual
Report on Form 10-K for the year ended December 31, 1996.

Note B - Inventories
Merchandise inventories, principally finished goods, are  recorded
at the lower of cost (first-in, first-out basis) or market.

Note C - Line of Credit Agreement
The  Company has available an unsecured $25,000,000 line of credit
with  a  bank  (the  "Line") which may  be  used  for  short  term
borrowings  or letters of credit.  As of September 30,  1997,  the
Company  had $10,731,000 of letters of credit outstanding  and  no
borrowings.  The line is cancelable by either party at  any  time.
Borrowings  under  the  Line  bear interest  payable  daily  at  a
negotiated  short term borrowing rate. The Company  is  charged  a
nominal fee on the entire Line.

Note D - Capital Stock
Net Income Per Share:  Net income per common share is based on net
income divided by the weighted average number of common shares and
equivalents outstanding during the periods.

Recent  Accounting Pronouncement:  In February 1997, the Financial
Accounting Standards Board issued Statement No. 128, Earnings  Per
Share,  which is required to be adopted on December 31, 1997.   At
that  time,  the  Company will be required to  change  the  method
currently  used to compute earnings per share and to  restate  all
prior periods.  Under the new requirements for calculating primary
earnings per share, the dilutive effect of stock options  will  be
excluded.   The new requirement is expected to have no  impact  on
the  third quarter ended September 30, 1997 or September 30,  1996
earnings per share. It is expected to increase earnings per  share
by  $0.01  for each of the nine month periods ended September  30,
1997   and   September 30, 1996.  There is no expected  impact  of
Statement  128  on the calculation of fully diluted  earnings  per
share for these quarters  or  nine month periods.

Stock  Dividend:  On February 5, 1997, the Board of  Directors  of
the  Company  declared  a 10% stock dividend  to  shareholders  of
record  on  February 18, 1997, paid February 26, 1997.  The  stock
dividend was recorded at its market value, $12.00 per share.   All
common   stock  data  in  the  condensed  consolidated   financial
statements  give  retroactive effect to the  February  1997  stock
dividend.

Note E - Meyer Agreement
On  July 1, 1997, the Company entered into an agreement with Meyer
Corporation,  regarding the operation of the Company's  Farberware
retail outlet stores.  Pursuant to the agreement, the Company will
continue  to own and operate the Farberware retail outlet  stores,
which  the  Company  acquired  in 1996.   Meyer  Corporation,  the
licensed  manufacturer  of Farberware branded  cookware  products,
will merchandise, stock and offer Farberware cookware products for
sale  directly to the public in the Farberware stores and will  be
apportioned  60%  of  the selling space.  Meyer  Corporation  will
receive  all revenue from sales of Farberware cookware,  and  will
reimburse the Company an amount equal to 62.5% of the expenses, as
defined, attributable to the stores.

In  addition,  Meyer  acquired  all cookware  inventory  from  the
Company  for  approximately $3.1 million.   The  Company  has  not
recognized any gain or loss as a result of this transaction.

                                 

I
TEM 2.            MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                   FINANCIAL CONDITION AND RESULTS OF OPERATIONS
RESULTS OF OPERATIONS

The following table sets forth the operating data of the Company
as a percentage of net sales for the periods indicated below.


</TABLE>


<TABLE>
<CAPTION>
<S>                           <C>                <C>
                                                        
                               Three Months        Nine Months
                                   Ended              Ended
                              September 30,       September 30,
                              1997      1996      1997     1996   
                                                                 
Net Sales                    100.0  %   100.0  %  100.0  % 100.0  %
Cost of sales                 49.4       46.6      50.8     50.1   
Gross profit                  50.6       53.4      49.2     49.9   
Selling, general and          30.4       33.9      34.8     34.6   
administrative expenses
Income from operations        20.2       19.5      14.4     15.3   
Other (income), expense        0.0        0.8       0.0      0.8   
Income before income taxes    20.2       18.8      14.4     14.5   
Income taxes                   7.8        7.4       5.7      5.7   
Net Income                    12.5   %   11.4  %    8.8  %   8.9  %



               Three Months Ended September 30, 1997
         Compared to Three Months Ended September 30, 1996

Net Sales
Net sales for the three months ended September 30, 1997 were $24.5
million,  a  2.4%  decrease of $601,000 from the  comparable  1996
period.   Excluding  net sales of the Company's Farberware  outlet
stores,  net sales increased approximately 5% over the  comparable
quarter in 1996.  The growth came primarily from the Hoffritz  and
Farberware  lines  offset in part by decreased  sales  of  certain
"impulse purchase" products.

Net  sales attributable to the outlet stores decreased as a result
of  the  previously announced agreement signed in July  1997  with
Meyer  Corporation.   Under the terms of the agreement,  sales  of
cookware products in Farberware retail outlet stores are  for  the
account of Meyer Corporation.

Gross Profit
Gross  profit  for the three months ended September 30,  1997  was
$12.4  million, a decrease of 7.4% or $997,000 over the comparable
1996  period. Gross profit as a percentage of net sales was  50.6%
as  compared  to  53.4%  for the 1996 period.   This  decrease  is
primarily due to a change in the overall sales mix.

Selling, General and Administrative Expenses
Selling, general and administrative expenses for the three  months
ended  September  30, 1997 were $7.5 million, a decrease  of  $1.0
million or 12.2% from the comparable 1996 period. Selling, general
and  administrative expenses as a percentage  of  net  sales  were
30.4% during  the  three month period in 1997 as compared to 33.9%
for  the  1996  period.  This  percentage  decrease  is  primarily
attributable  to  reduced  operating expenses  of  the  Farberware
Outlet  Stores  resulting  from the  Meyer  agreement  along  with
reduced warehouse and insurance expenses.

               Nine Months Ended September 30, 1997
         Compared to Nine Months Ended September 30, 1996

Net Sales
Net  sales for the nine months ended September 30, 1997 were $67.8
million,  an increase of $2.4 million or 3.6% from the  comparable
1996  period. The sales growth was primarily due to increased  net
sales  in the Hoffritz and Farberware lines and Farberware  Outlet
Stores  offset  by  decreased sales of certain  "impulse-purchase"
products.

Gross Profit
Gross  profit  for the nine months ended September  30,  1997  was
$33.3 million, an increase of $719,000 or 2.2% over the comparable
1996  period. Gross profit as a percentage of net sales was  49.2%
as compared to 49.9% for the 1996 period.  This slight decrease is
primarily due to a change in the overall sales mix.

Selling, General and Administrative Expenses
Selling,  general and administrative expenses for the nine  months
ended  September  30,  1997 were $23.6  million,  an  increase  of
$931,000 or 4.1% from the comparable 1996 period. Selling, general
and  administrative expenses as a percentage  of  net  sales  were
relatively  constant at 34.8%  during  the  nine month  period  in
1997 as compared to 34.6% for the 1996 period.

Forward  Looking Statements:  This Quarterly Report on  Form  10-Q
contains certain forward-looking statements within the meaning  of
the  "safe harbor" provisions of the Private Securities Litigation
Reform  Act of 1995, including statements concerning the Company's
future  products,  results  of operations  and  prospects.   These
forward-looking   statements  involve  risks  and   uncertainties,
including   risks  relating  to  general  economic  and   business
conditions, including changes which could affect customer  payment
practices or consumer spending; industry trends; the loss of major
customers;  changes  in  demand for the  Company's  products;  the
timing of orders received from customers; cost and availability of
raw  materials;  increases in costs relating to manufacturing  and
transportation  of  products; dependence  on  foreign  sources  of
supply  and foreign manufacturing; and the seasonal nature of  the
business as detailed elsewhere in this Quarterly Report on Form 10-
Q  and  from  time  to  time  in the Company's  filings  with  the
Securities and Exchange Commission.  Such statements are based  on
management's current expectations and are subject to a  number  of
factors  and  uncertainties which could cause  actual  results  to
differ  materially  from  those described in  the  forward-looking
statements.



LIQUIDITY AND CAPITAL RESOURCES

The  Company has available an unsecured $25,000,000 line of credit
with  a  bank  (the  "Line") which may  be  used  for  short  term
borrowings or letters of credit.

Borrowings  under  the  Line  bear interest  payable  daily  at  a
negotiated  short term borrowing rate. The Company  is  charged  a
nominal  fee  on the entire Line. As of September  30,  1997,  the
Company  had  no borrowings and $10,731,000 of letters  of  credit
outstanding  under  the  Line and, as a result,  the  availability
under  the Line was $14,269,000. The Line is cancelable by  either
party at any time.

At  September 30, 1997, the Company had cash and cash  equivalents
of $38,000 versus $1.1 million at December 31, 1996, a decrease of
$1.1  million.  The  decrease  is primarily  attributable  to  the
Company's   increased  inventory  levels  and  decreased   accrued
expenses   offset   by  increased  accounts  payable   and   trade
acceptances.

The  Company estimates that approximately $7.0 million of  capital
expenditures  originally scheduled for 1997 will  be  incurred  in
1998.   These expenditures are primarily for the new state of  the
art  distribution facility.  These expenditures will  be  financed
from current operations and, if needed, short term borrowings.

Products  are sold to retailers primarily on 30-day credit  terms,
and to distributors primarily on 60-day credit terms.

On  July 1, 1997, the Company entered into an agreement with Meyer
Corporation,  regarding the operation of the Company's  Farberware
retail outlet stores.  Pursuant to the agreement, the Company will
continue  to own and operate the Farberware retail outlet  stores,
which  the  Company  acquired  in 1996.   Meyer  Corporation,  the
licensed  manufacturer  of Farberware branded  cookware  products,
will merchandise, stock and offer Farberware cookware products for
sale  directly  to  the  public in the Farberware  stores.   Meyer
Corporation  will  receive all revenue from  sales  of  Farberware
cookware, and will reimburse the Company an amount equal to  62.5%
of the expenses, as defined, attributable to the stores.

In  addition,  Meyer  acquired  all cookware  inventory  from  the
Company  for  approximately $3.1 million.   The  Company  did  not
recognize any gain or loss as a result of this transaction.

The  Board  of Directors of the Company declared a quarterly  cash
dividend  of  $0.0625  per share, payable on November  19,1997  to
shareholders of record on November 5, 1997.

The   Company   believes  that  its  cash  and  cash  equivalents,
internally  generated funds and its existing  credit  arrangements
will  be  sufficient to finance its operations  and  its  dividend
payments for the next 12 months.

The results of operations of the Company for the periods discussed
have  not  been  significantly affected by  inflation  or  foreign
currency  fluctuation. The Company negotiates its purchase  orders
with  its  foreign manufacturers in United States  dollars.  Thus,
notwithstanding   any  fluctuation  in  foreign  currencies,   the
Company's  cost  for any purchase order is not subject  to  change
after the time the order is placed. However, the weakening of  the
United  States dollar against local currencies could lead  certain
manufacturers  to increase their United States dollar  prices  for
products. The Company believes it would be able to compensate  for
any such price increase.


P
ART II - OTHER INFORMATION


Item 6. Exhibit(s) and Reports on Form 8-K.

     (a) Exhibit(s) in the third quarter of 1997:

Exhibit  Description
No.
27       Financial Data Schedule


     (b) Reports on Form 8-K in the third quarter of 1997: NONE



Exhibit 27.  Financial Data Schedule

                     Lifetime Hoan Corporation
                                 
                      Financial Data Schedule
                                 
             Pursuant to Item 601(c) of Regulation S-K
                                 
  This schedule contains summary financial information extracted
      from the financial statements included in the form 10-Q
  and is qualified in its entirety by reference to such financial
                            statements
           for the nine months ended September 30, 1997.
                                 

</TABLE>


<TABLE>
<CAPTION>
<S>        <C>                                 <C>
Item               Item Description             Amount
Number
                                                   
5-02(1)    Cash and Cash Items              $     37,991
5-02(2)    Marketable Securities            $          0
5-         Notes and Accounts Receivable -  $  14,819,50
02(3)(a)(  Trade                                       8
1)
5-02(4)    Allowances for Doubtful          $     75,000
           Accounts
5-02(6)    Inventory                        $ 44,787,308
5-02(9)    Total Current Assets             $ 66,184,321
5-02(13)   Property, Plant and Equipment    $ 14,446,747
5-02(14)   Accumulated Depreciation         $  5,000,972
5-02(18)   Total Assets                     $ 89,524,460
5-02(21)   Total Current Liabilities        $ 11,572,824
5-02(22)   Bonds, Mortgages and Similar     $          0
           Debt
5-02(28)   Preferred Stock - Mandatory      $          0
           Redemption
5-02(29)   Preferred Stock - No Mandatory   $          0
           Redemption
5-02(30)   Common Stock                     $    124,948
5-02(31)   Other Stockholders' Equity       $ 77,826,688
5-02(32)   Total Liabilities and            $ 89,524,460
           Stockholders' Equity                        
5-         Net Sales of Tangible Products   $ 67,394,853
03(b)1(a)                                              
5-03(b)1   Total Revenues                   $ 67,757,158
5-         Cost of Tangible Goods Sold      $ 34,440,486
03(b)2(a)                                              
5-03(b)2   Total Costs and Expenses                     
           Applicable
              to Sales and Revenues         $ 34,440,486
5-03(b)3   Other Costs and Expenses         $          0
5-03(b)5   Provision for Doubtful Accounts  $    392,895
           and Notes
5-         Interest and Amortization of     $     54,195
03(b)(8)   Debt Discount
5-         Income Before Taxes and Other    $  9,805,030
03(b)(10)  Items
5-         Income Tax Expense               $  3,850,000
03(b)(11)
5-         Income/Loss Continuing           $  5,955,030
03(b)(14)  Operations
5-         Discontinued Operations          $          0
03(b)(15)
5-         Extraordinary Items              $          0
03(b)(17)
5-         Cumulative effect - Changes in               
03(b)(18)  Accounting
              Principles                    $          0
5-         Net Income or Loss               $  5,955,030
03(b)(19)
5-         Earnings Per Share - Primary     $       0.47
03(b)(20)
5-         Earnings Per Share - Fully       $       0.47
03(b)(20)  Diluted

                                

                           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 thereunto duly authorized.






                    Lifetime Hoan Corporation

                    /s/ Milton L. Cohen           November 14,
1997
                    __________________________________
                    Milton L. Cohen
                    Chairman of the Board of Directors
                    and President
                    (Principal Executive Officer)


                    /s/ Brian Lawrence            November 14,
1997
                    __________________________________
                    Brian Lawrence
                    Controller
                    (Principal Financial and Accounting Officer)
                                
                                


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