12

                              
             SECURITIES AND EXCHANGE COMMISSION
                    WASHINGTON, DC  20549
                          FORM 10-Q
                              
(Mark One)
          [x]QUARTERLY  REPORT PURSUANT  TO  SECTION  13  OR
          15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 1996

                             OR

          [   ]TRANSITION REPORT PURSUANT TO SECTION  13  OR
          15(d)  OF THE SECURITIES EXCHANGE ACT OF 1934  [NO
          FEE REQUIRED]

For   the   transition   period   from   ______________   to
_____________

               Commission File Number 0-19424
               _______________________________
                        EZCORP, INC.
   (Exact name of registrant as specified in its charter)
                              
                Delaware                        74-2540145
     (State or other jurisdiction of           (IRS Employer
     incorporation or organization)         Identification No.)

                    1901 Capital Parkway
                    Austin, Texas  78746
          (Address of principal executive offices)
                         (Zip Code)
                              
                       (512) 314-3400
    (Registrant's telephone number, including area code)
                              
                             NA
    (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 period  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:

      The  only class of voting securities of the registrant
issued  and outstanding is the Class B Voting Common  Stock,
par  value  $.01 per share, 100% of which is  owned  by  two
record  holders  which  are affiliates  of  the  registrant.
There  is  no  trading market for the Class B Voting  Common
Stock.

       As  of  March  31,  1996,  6,980,591  shares  of  the
registrant's Class A Non-Voting Common Stock, par value $.01
per  share and 5,019,176 shares of the registrant's Class  B
Voting   Common  Stock,  par  value  $.01  per  share   were
outstanding.

                        EZCORP, INC.
                     INDEX TO FORM 10-Q
                              
                                                            Page

PART I.  FINANCIAL INFORMATION

     Item 1. Financial Statements (Unaudited)

       Condensed Consolidated Balance Sheets -
       March 31, 1996 and September 30, 1995                   1

       Condensed Consolidated Statements of Operations -
       Three and Six Months Ended March 31, 1996 and 1995      2

       Condensed Consolidated Statements of Cash Flows -
       Six Months Ended March 31, 1996 and 1995                3

       Notes to Interim Condensed Consolidated Financial
       Statements                                              4

       Item 2. Management's Discussion and Analysis
       of Financial Condition and Results of Operations        6

PART II.  OTHER INFORMATION                                   10

SIGNATURE                                                     12
                           PART I
Item 1.  Financial Statements (Unaudited)

                EZCORP, Inc. and Subsidiaries
      Condensed Consolidated Balance Sheets (Unaudited)
                   (Dollars in thousands)
                                       March 31,   September 30,
                                         1996           1995
ASSETS:                                ---------   -------------
     Current assets:
       Cash and cash equivalents      $   9,900    $   4,593
       Pawn loans receivable             28,893       39,782
       Service charge receivable          8,671       11,452
       Inventories (net)                 36,128       41,575
       Other                              4,984        9,839
                                        -------      -------
          Total current assets           88,576      107,241

     Property and equipment, net         35,020       36,596

     Other assets:
       Excess purchase price over
       net assets acquired               13,337       13,574
       Other                              6,877        7,177
                                        -------      -------
          Total assets                 $143,810     $164,588
                                        =======      =======
LIABILITIES AND STOCKHOLDERS' EQUITY:
     Current liabilities:
       Borrowings under credit
       agreement                       $ 21,000     $      -
       Accounts payable and 
       accrued expenses                   8,549       10,026
       Other                              2,448        2,271
                                        -------      -------
          Total current liabilities      31,997       12,297

     Long-term debt less current 
     maturities                           1,330       42,916

     Stockholders' equity:
       Preferred stock none outstanding       -            -
       Class A Non-voting Common stock 
       6,980,591 shares outstanding at
       March 31, 1996 (6,967,867 at
       September 30, 1995)                   70           70
       Class B Voting Common stock
       5,019,176 shares outstanding          50           50
       Additional paid-in capital       114,301      114,236
       Retained earnings                (3,166)      (4,209)
                                        -------      ------- 
                                        111,255      110,147
       Other                              (772)        (772)
                                        -------      -------
          Total stockholders' equity    110,483      109,375
                                        -------      -------
          Total liabilities and
          stockholders' equity         $143,810     $164,588
                                        =======      =======
See Notes to Interim Condensed Consolidated Financial
Statements (unaudited).

                EZCORP, Inc. and Subsidiaries
 Condensed Consolidated Statements of Operations (Unaudited)
      (Dollars in thousands, except per share amounts)

                         Three Months Ended    Six Months Ended
                              March 31,             March 31,
                         ------------------    ----------------
                           1996       1995      1996      1995
                         --------- --------    -------- -------

Revenues:
     Sales                $28,721   $25,870     $60,837  $57,311
     Pawn service charges  16,797    17,369      36,112   35,681
                           ------    ------      ------   ------
       Total revenues      45,518    43,239      96,949   92,992

Cost of goods sold         24,837    21,670      52,830   47,730
                           ------    ------      ------   ------
     Net revenues          20,681    21,569      44,119   45,262

Operating expenses:
     Operations            15,214    15,696      31,769   32,695
     Administrative         2,732     3,346       5,673    6,246
     Depreciation and
     amortization           1,851     1,779       3,745    3,535
                           ------    ------      ------   ------
       Total operating
        expenses           19,797    20,821      41,187   42,476
                           ------    ------      ------   ------

Operating income              884       748       2,932    2,786

Interest expense              521       756       1,283    1,492
                           ------    ------      ------   ------
Income (loss) before
income taxes                  363       (8)       1,649    1,294
                           
Income tax expense            145        11         607      472
                           ------   -------     ------- --------
Net income (loss)          $  218   $  (19)     $ 1,042 $    822
                           ======   =======     ======= ========
Earnings (loss) per share  $ 0.02   $(0.00)     $  0.09 $   0.07
                           ======   =======     ======= ========
Weighted average shares
outstanding            11,990,723 11,978,719  11,985,721 11,978,521
                       ========== ==========  ========== ==========
See Notes to Interim Condensed Consolidated Financial
Statements (unaudited).

     EZCORP, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows (Unaudited)
        (Dollars in thousands)
                                               Six Months Ended
                                                   March 31,
                                                ---------------
                                                  1996    1995
                                                ------- -------
OPERATING ACTIVITIES:
     Net income                                $  1,042 $   822
     Adjustments to reconcile net
     income to net cash provided by
       operating activities:
       Depreciation and amortization              3,745   3,535
       Changes in operating assets
       and liabilities:
          Decrease in service
          charge receivable                       2,781     840
          Decrease in inventories                 5,447   1,332
          Increase/(decrease) in accounts
          payable and accrued expenses          (1,477)     810
          Decrease in income taxes payable            -  (3,469)
          Decrease in income taxes recoverable    4,236       -
          Other                                     656  (1,453)
                                                 ------  ------
               Net cash provided by 
               operating activities              16,430   2,417

INVESTING ACTIVITIES:
     Pawn loans forfeited and
     transferred to inventories                  28,722  25,978
     Pawn loans made                           (74,630) (97,471)
     Pawn loans repaid                           56,797  75,598
                                                ------- -------
          Net decrease in loans                  10,889   4,105

     Additions to property, plant,
     and equipment                              (2,184)  (4,791)
     Sale of assets                                 761       -
     Issuance of notes receivable 
     to related parties                               -  (3,000)
                                                ------- -------
       Net cash provided/(used)
       in investing activities                    9,466  (3,686)

FINANCING ACTIVITIES:
     Proceeds from bank borrowings                1,000   6,500
     Payments on borrowings                    (21,589)  (5,071)
                                               -------- -------
       Net cash provided/(used)
       by financing activities                 (20,589)   1,429
                                               -------- -------

Increase in cash and cash equivalents            5,307     160

Cash and cash equivalents at 
 beginning of period                             4,593   6,267
                                                ------  ------
     Cash and cash equivalents at
      end of period                            $ 9,900 $ 6,427
                                                ======  ======

See Notes to Interim Condensed Consolidated Financial
Statements (unaudited).

                 EZCORP, Inc. and Subsidiaries
Notes to Interim Condensed Consolidated Financial Statements (Unaudited)
                        March 31, 1996

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   entries)  considered  necessary   for   a   fair
presentation have been included.  The accompanying financial
statements  should  be read with the Notes  to  Consolidated
Financial Statements included in the Company's Annual Report
on Form 10-K for the year ended September 30, 1995.

       The   Company's  business  is  subject  to   seasonal
variations,  and operating results for the three-  and  six-
month  periods  ended  March 31, 1996  are  not  necessarily
indicative of the results of operations for the full  fiscal
year.

Note B - Accounting Principles and Practices

      The  provision  for  federal  income  taxes  has  been
calculated based on the Company's estimate of its  effective
tax rate for the full fiscal year.

      For  purposes of comparison, the Company  reclassified
$1.4  million  and  $3.0 million of scrap  jewelry  sold  to
"sales"  from "cost of goods sold" for the three-  and  six-
month periods ended March 31, 1995, respectively.

      The  Company provides inventory reserves for shrinkage
and  cost  in excess of market value. The Company  estimates
these  reserves  using analysis of sales  trends,  inventory
aging,  sales  margins and shrinkage on  inventory.   As  of
March 31, 1996, inventory reserves were $7.8 million.

      During  fiscal  1995, the Company established  a  $7.7
million  provision  for  the closing  and  consolidation  of
thirty-two  (32)  of its stores and for  the  write-down  of
included  tangible and intangible assets.  As of  March  31,
1996, thirty-one (31) of these stores had closed and one (1)
was   still  in  operation.   The  March  31,  1996  accrued
liability  for  store closings is $0.8 million,  principally
for  estimated rent obligations.  The $6.9 million reduction
in  the provision is attributable to the write-down of fixed
and  intangible assets for the thirty-one (31)  stores  that
have closed and other closing expenditures.

      In  October  1995, the Financial Accounting  Standards
Board  issued FASB Statement No. 123, "Accounting for  Stock
Based   Compensation"   which  prescribes   accounting   and
reporting standards for all stock-based compensation  plans.
The  Company  is  required to adopt the  Statement  for  its
fiscal  year  that begins October 1, 1996 and  is  presently
evaluating  the Statement.  The Company has  yet  to  decide
upon the alternatives provided in the Statement.

Note C - Earnings Per Share

      Earnings per share calculations assume exercise of all
outstanding  stock options and warrants using  the  treasury
stock  method  of  calculation.  The per  share  calculation
excludes  these common equivalent shares as their effect  is
anti-dilutive.
                              
                 EZCORP, Inc. and Subsidiaries
Notes to Interim Condensed Consolidated Financial Statements (Unaudited)
                        March 31, 1996

Note D - Litigation

      The  Company  is  involved in litigation  relating  to
claims  that  arise from time to time from  normal  business
operations.   Currently,  the  Company  is  a  defendant  in
several lawsuits.  Some of these lawsuits involve claims for
substantial  amounts.  While the ultimate outcome  of  these
lawsuits involving the Company cannot be ascertained,  after
consultation  with counsel, it is management's opinion  that
the  resolution  of  these suits will not  have  a  material
adverse  effect  on the Company's financial condition.   See
Item 1.  Legal Proceedings.

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

Second Quarter Ended March 31, 1996 vs. Second Quarter Ended
March 31, 1995

      The  following  table sets forth selected,  unaudited,
consolidated financial data with respect to the Company  for
the three months ended March 31, 1996 and 1995.

                           Three Months Ended         % or
                                 March 31,           Point
                            1996        1995        Changea
                           -------    --------      -------
Net Revenues:
     Salesb                $28,721     $25,870        11.0%
     Pawn service charges   16,797      17,369       (3.3%)
                            ------      ------       ------
       Total revenuesb      45,518      43,239         5.3%
     Cost goods soldb       24,837      21,670        14.6%
                            ------      ------       ------
       Net revenues        $20,681     $21,569       (4.1%)
                            ======      ======       ======
Other Data:
     Gross profit as a
     percent of salesb       13.5%       16.2%      (2.7 pts.)
     Average annual
     inventory turnover       2.5x        1.3x      1.2x
     Average inventory balance
     per location as of the
     end of the quarter       $151        $240      (37.1%)
     Average loan balance per
     location as of the end
     of the quarter            120         135      (11.1%)
     Average yield on loan
     portfolio                212%        203%       9.0 pts.
     Redemption rate           78%         75%       3.0 pts.

Expenses as a Percent of Total Revenues:b
     Operating               33.4%       36.3%      (2.9 pts.)
     Administrative            6.0         7.7      (1.7 pts.)
     Depreciation and
     amortization              4.1         4.1        -  pts.
     Interest, net             1.1         1.7      (0.6 pts.)

Locations in Operation:
     Beginning of period       238         243
     Acquired                    -           -
     Established                 2           7
     Sold, combined or closed    -           -
                              ----        ----
     End of period             240         250
                              ====        ====
Average locations in operation
during the periodc           239.0       246.5
                             =====       =====

a    In  comparing  the  period differences  between  dollar
     amounts  or store counts, a percentage change is  used.
     In   comparing  the  period  differences  between   two
     percentages, a percentage point (pt.) change is used.
b    Sales   from   scrap   and  wholesale   activity   were
     reclassified  from cost of goods sold  to  sales.   All
     1995  amounts  have been adjusted as a result  of  this
     reclassification.
c    Average  locations in operation during  the  period  is
     calculated  based  on  the  average  of  the  pawnshops
     operating at the beginning and end of such period.

Six  Months Ended March 31, 1996 vs. Six Months Ended  March
31,  1995

The following table sets forth selected, unaudited,
consolidated financial data with respect to the Company  for
the six months ended March 31, 1996 and 1995.

                            Six Months Ended          % or
                                March 31,            Point
                             1996       1995        Changea
                            -------   -------       -------
Net Revenues:
     Salesb                 $60,837   $57,311         6.2%
     Pawn service charges    36,112    35,681         1.2%
                             ------    ------       ------
       Total revenuesb       96,949    92,992         4.3%
     Cost of goods soldb     52,830    47,730        10.7%
                             ------    ------       ------
       Net revenues         $44,119   $45,262       (2.5%)
                             ======    ======       ======
Other Data:
     Gross profit as a
     percent of salesb        13.2%     16.7%     (3.5 pts.)
     Average annual
     inventory turnover        2.5x      1.8x      0.7x
     Average inventory 
     balance per location
     as of the end of the
     quarter                   $151      $240      (37.1%)
     Average loan balance per
     location as of the end
     of the quarter             120       135      (11.1%)
     Average yield on loan
     portfolio                 209%      201%      8.0 pts.
     Redemption rate            77%       75%      2.0 pts.

Expenses as a Percent of Total Revenues:b
     Operating                32.8%     35.2%      (2.4 pts.)
     Administrative            5.9       6.7       (0.8 pts.)
     Depreciation and 
     amortization              3.9       3.8        0.1 pts.
     Interest, net             1.3       1.6       (0.3 pts.)

Locations in Operation:
     Beginning of period       261        234
     Acquired                    -          -
     Established                 4         16
     Sold, combined or closed  (25)         -
                               ----      ----
     End of period              240       250
                               ====      ====
Average locations in operation
during the periodc            250.5     242.0
                              =====     =====

a    In  comparing  the  period differences  between  dollar
     amounts  or store counts, a percentage change is  used.
     In   comparing  the  period  differences  between   two
     percentages, a percentage point (pt.) change is used.
b    Sales from scrap & wholesale activity were reclassified
     from  cost  of  goods sold to sales.  All 1995  amounts
     have    been   adjusted   as   a   result    of    this
     reclassification.
c    Average  locations in operation during  the  period  is
     calculated  based  on  the  average  of  the  pawnshops
     operating at the beginning and end of such period.

Results   of  Operations

The  following  discussion  compares
results for the three- and six-month periods ended March 31,
1996  ("Fiscal  1996 Periods") to the three-  and  six-month
periods  ended March 31, 1995 ("Fiscal 1995 Periods").   The
discussion   should   be  read  in  conjunction   with   the
accompanying financial statements and related notes.

      During the three-month Fiscal 1996 Period, the Company
opened  two (2) newly established stores.  During the twelve
(12) months ended March 31, 1996, the Company opened twenty-
one (21) newly established stores and closed thirty-one (31)
stores.  The store closings were the result of the Company's
decision,  made  during the fourth Fiscal 1995  quarter,  to
consolidate and close thirty-two (32) stores.  At March  31,
1996, the Company operated 240 stores in eleven (11) states.

      The Company's primary activity is the making of small,
non-recourse  loans  secured by tangible personal  property.
The  income  earned on this activity is pawn service  charge
revenue.   For the three month period ended March 31,  1996,
pawn service charge revenue decreased 3.3% to $16.8 million.
The  decrease  was primarily due to same store loan  balance
declines  of 12% largely offset by an increase of  nine  (9)
percentage  points in annualized yield earned  on  the  loan
balance  to  212%.  The yield improvement results  primarily
from  management's  actions to reduce the  number  of  high-
dollar,  low-yielding loans.  Of the  12%  same  store  loan
balance decrease, approximately 11% was due to a decrease in
average  loan  amount and approximately  1%  was  due  to  a
smaller number of loans in the portfolio.

      For  the six-month period, pawn service charge revenue
increased 1.2% to $36.1 million.  The increase was primarily
due  to  an increase in annualized yield earned on the  loan
balance  from  201% to 209%.  This was partially  offset  by
average  loan  balance declines resulting primarily  from  a
lower average loan amount.

      For the three- and six-month periods, the pawn service
charge  revenue of twenty-one (21) stores that opened during
the  preceding  twelve (12) months ($0.5  million  and  $1.4
million)  was  offset by the thirty-one (31)  stores  closed
($1.1 million and $2.0 million).

      A  secondary, but related, activity of the Company  is
the  sale of forfeited collateral from its lending activity.
The  Company's goal is to sell forfeited collateral  quickly
at a reasonable margin.  For the three- and six-month Fiscal
1996  Periods, sales increased 11% and 6% compared with  the
Fiscal 1995 Periods.  This increase resulted primarily  from
same store sales increases of approximately 11% and 3%.

     For the three- and six-months periods, sales of thirty-
one  (31)  stores  closed during the preceding  twelve  (12)
months ($2.2 million and $4.3 million) was offset largely by
twenty-one  (21)  stores  opened  ($1.6  million  and   $3.9
million).

      For  the  Fiscal  1996 Periods,  gross  profits  as  a
percentage of sales decreased 2.7 and 3.5 percentage points,
to  13.5%  and  13.2%, from the Fiscal 1995  Periods.   This
decrease  resulted  largely from a  decline  in  merchandise
sales margins (6.4 and 8.3 percentage point decrease).  This
decrease  was  partially  offset by the  combined  favorable
effect  of  a  significant reduction in inventory  shrinkage
when  measured as a percentage of merchandise sales (reduced
by 2.9 and 3.3 percentage points) and by the sale of jewelry
as  scrap (0.8 and 1.5 percentage points).  The lower  sales
margins  result  primarily  from  management's  strategy  of
pricing merchandise to sell and from the discounting of aged
merchandise.   Inventory shrink (e.g.,  theft,  robbery,  or
broken merchandise) as a percentage of merchandise sales was
approximately  2.5%  in  both of  the  Fiscal  1996  Periods
compared to approximately 5.4% and 5.8% for the Fiscal  1995
Periods.  The Company can neither predict the magnitude  nor
the  direction of the effect of other factors that influence
gross  profit  levels  (e.g., sales mix  shift,  competitive
pressure,  consumer demand for previously owned merchandise,
etc.).

      Operating  expenses as a percentage of total  revenues
decreased  approximately 2.9 and 2.4  percentage  points  to
33.4%  and 32.8% for the Fiscal 1996 Periods from 36.3%  and
35.2% in the Fiscal 1995 Periods. Administrative expenses as
a  percentage of total revenues decreased to 6% in both  the
Fiscal  1996  Periods  from 8% and 7%  in  the  Fiscal  1995
Periods.   Both store operating and administrative  expenses
have declined relative to total revenues as a result of  the
Company's program to reduce costs.

      Depreciation and amortization expense increased in the
Fiscal  1996  Periods primarily as a result  of  the  higher
level   of   depreciation  on  the  twenty-one  (21)   newly
established  stores  added since March 31,  1995.   Interest
expense  (net)  was  down 31% and 14%  in  the  Fiscal  1996
Periods over the prior year largely as a result of decreased
borrowings under the Company's bank line of credit.

Liquidity and Capital Resources

      Net cash provided by operating activities for the six-
month  Fiscal 1996 Period was $16.4 million, an increase  of
$14.0   million  from  the  six-month  Fiscal  1995  Period.
Approximately  one-half of this increase  is  due  to  lower
service  charge  receivable and inventories  resulting  from
management's  actions to eliminate high-dollar, low-yielding
loans,  to  improve lending practices and to price inventory
to sell on a timely basis.  The larger decrease in inventory
for  the  six-month  Fiscal 1996 Period occurred  despite  a
higher  amount  of pawn loans forfeited and  transferred  to
inventory.  The balance of the increase is due to income tax
refunds  resulting from carry-back of the  Company's  Fiscal
1995 net operating loss.

      For  the  six-month  Fiscal 1996 Period,  the  Company
invested    approximately   $2.2   million   in    leasehold
improvements and equipment for existing stores and four  (4)
newly   established  stores.   The  Company   funded   these
expenditures from cash flow provided by operating activities
and  the seasonal reduction in its investment in pawn loans.
The  Company projects that it will open 10 to 15  new stores
in fiscal 1996 (including four (4) that have already opened)
and will relocate or remodel 5 to 10 of its existing stores.
The  Company anticipates that cash flow from operations  and
funds  available  under its existing  bank  line  of  credit
should  be  adequate to fund these capital expenditures  and
seasonal  pawn  loan growth expected during  its  third  and
fourth fiscal quarters.

     On August 3, 1995, the Company amended its November 29,
1994  revolving  line  of  credit.   Terms  of  the  amended
agreement require, among other things, that the Company meet
certain financial covenants and give the bank group a  first
lien  security  interest in certain assets of  the  Company.
Borrowings  under  the  line bear  interest  at  the  bank's
Eurodollar rate plus 1% to 2%.  The amount which the Company
can  borrow is based on a percentage of its inventory levels
and  outstanding  pawn loan balance, up to $50  million.  At
March  31, 1996, the Company had $21 million outstanding  on
the  credit  facility and additional borrowing  capacity  of
approximately $14 million.  The credit line matures  January
31,  1997.   The Company is working with its bank  group  to
extend  the maturity date on the credit facility to  January
1998.

Seasonality

      Historically, pawn service charge revenues are highest
in  the  fourth fiscal quarter (July, August and  September)
due  to  higher  loan demand during the  summer  months  and
merchandise  sales are highest in the first  fiscal  quarter
(October, November and December) due to the holiday season.

                           PART II

Item 1.Legal Proceedings

         On  July  28,  1995,  the  Company  terminated  the
Employment  Agreement  of  Courtland  L.  Logue,  Jr.,   the
Company's  former Chairman and Chief Executive Officer,  and
an  owner  of approximately 19% of the Company's outstanding
voting securities (Class B Voting Common Stock).  Since  Mr.
Logue's termination, the Company has had ongoing discussions
with  him  concerning certain equipment leases  between  Mr.
Logue  and  the  Company,  as well  as  the  application  of
provisions  to  Mr. Logue's Employment Agreement  and  Stock
Purchase  Agreement with the Company.  The Company  believes
these agreements require, among other things, a $2.7 million
payment by Mr. Logue to the Company.  On March 8, 1996,  the
Company filed a lawsuit styled EZCORP, Inc. v. Courtland  L.
Logue,  Jr.  in  the 201st District Court of Travis  County,
Texas in an effort to bring resolution to this dispute.  Mr.
Logue  has  filed counter-claims relating to the  Employment
Agreement  and  certain equipment leases and  notes  entered
into between Mr. Logue and the Company.

Item 2.Changes in Securities

       Not Applicable

Item 3.Defaults Upon Senior Securities

       Not Applicable

Item 4.Submission of Matters to a Vote of Security Holders

       On March 6, 1996, the majority shareholder of the
Class B Voting Common Stock approved Ernst & Young LLP to
serve as the Company's auditors for the ensuing year and
elected the following persons as directors of the Company:

       Sterling B. Brinkley     Dan N. Tonissen
       Vincent A. Lambiase       Mark C. Pickup
       J. Jefferson Dean        Richard D. Sage

       The Company's Class B Voting Common Stock was the
only class entitled to vote on these matters. The majority
shareholder of the Company holds 4,051,434 shares of the
5,019,176 shares of outstanding Class B Voting Common Stock.

Item 5.Other Information

       Not Applicable

Item 6.Exhibits and Reports on Form 8-K

       (a)  Exhibits                                  Incorporated by
            Number            Description                Reference to
            Exhibit 11.1  Statement Regarding Computation
                          of Per Share Earnings Filed herewith
       (b)  Reports on Form 8-K
            The Company has not filed any reports on Form 8-K
            for the quarter ended March 31, 1996.

                        Exhibit 11.1
                              
    Statement Regarding Computation of Per Share Earnings
 (Dollars and shares in thousands, except per share amounts)

                           Three Months Ended Six Months Ended
                                March 31,         March 31,
                             1996       1995    1996      1995
                           --------- -------- --------- --------
                               (Unaudited)        (Unaudited)

Primary and fully diluted
     Weighted average number
     of common shares
     outstanding during
     the period              11,991   11,978    11,986   11,977
     Net effect of dilutive 
     stock options -
     based on the treasury
     stock method using
     overall market price         0        1         0        2
                             ------   ------    ------   ------
       Total shares          11,991   11,979    11,986   11,979
                             ======   ======    ======   ======
     Net income (loss)      $   218  $  (19)   $ 1,042  $   822
                             ======   ======    ======   ======
Earnings (loss) per sharea  $  0.02  $(0.00)   $  0.09  $  0.07
                             ======   ======    ======   ======

a    Earnings per share calculations assume exercise of all
     outstanding stock options and warrants using the
     treasury stock method of calculation.  The per share
     calculation excludes these common equivalent shares as
     their effect is anti-dilutive.

                          SIGNATURE
     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.

                                        EZCORP, INC.
                                        (Registrant)

Date:   May 14, 1996          By:     /s/ DAN N. TONISSEN
                                           (Signature)

                              Dan N. Tonissen
                              Senior Vice President and
                              Chief Financial Officer