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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 O3plyDYzSWlZNcEGIv4rFw==

<SEC-DOCUMENT>0001010549-96-000114.txt : 19960606
<SEC-HEADER>0001010549-96-000114.hdr.sgml : 19960606
ACCESSION NUMBER:		0001010549-96-000114
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19960604
SROS:			AMEX

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LEATHER FACTORY INC
		CENTRAL INDEX KEY:			0000909724
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190]
		IRS NUMBER:				752543540
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12368
		FILM NUMBER:		96576966

	BUSINESS ADDRESS:	
		STREET 1:		3847 EAST LOOP
		STREET 2:		820 SOUTH
		CITY:			FT WORTH
		STATE:			TX
		ZIP:			76119
		BUSINESS PHONE:		8174964414

	MAIL ADDRESS:	
		STREET 1:		3847 EAST LOOP
		STREET 2:		820 SOUTH
		CITY:			FT WORTH
		STATE:			TX
		ZIP:			76119
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			LEATHER FACTORY INC
	CENTRAL INDEX KEY:			0000909724
	STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190]
<RELATIONSHIP>DIRECTOR
	IRS NUMBER:				752543540
	STATE OF INCORPORATION:			DE
	FISCAL YEAR END:			1231

FILING VALUES:
	FORM TYPE:		3

BUSINESS ADDRESS:	
	STREET 1:		3847 EAST LOOP
	STREET 2:		820 SOUTH
	CITY:			FT WORTH
	STATE:			TX
	ZIP:			76119
	BUSINESS PHONE:		8174964414

MAIL ADDRESS:	
	STREET 1:		3847 EAST LOOP
	STREET 2:		820 SOUTH
	CITY:			FT WORTH
	STATE:			TX
	ZIP:			76119
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<TEXT>


                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 3

             INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section
17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the
                         Investment Company Act of 1940


1. Name and Address of Reporting Person

                                 H.W. MARKWARDT
                            -----------------------
                            (Last) (First) (Middle)

                             2900 W. Seminary Drive
                             ----------------------
                                    (Street)

                            Fort Worth, Texas 76133
                            -----------------------
                              (City) (State) (Zip)


2. Date of Event Requiring Statement (Month/Day/Year)            May 22, 1996

3. IRS or Social Security Number of Reporting Person (Voluntary)

4. Issuer Name and Ticker or Trading Symbol    The Leather Factory, Inc.  "TLF"

5. Relationship of Reporting Person to Issuer (check all applicable)

         __X__ Director                     _____ 10% Owner
         _____ Officer (give title below)   _____ Other (specify below)

                       ----------------------------------

6. If Amendment, Date of Original (Month/Day/Year)

- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>

             TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED

1. Title of Security     2. Amount of Securities         3. Ownership Form:               4. Nature of Indirect Beneficial
                            Beneficially Owned              Direct(D) or Indirect(I)         Ownership
- --------------------------------------------------------------------------------------------------------------------------
   <S>                      <C>                             <C>                              <C>
   Common Stock, par                12,300                        D
    value $0.0024


</TABLE>
<PAGE>

- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>

     TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G. PUTS, CALLS,
                   WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)

1. Title of Derivative    2. Date Excercisable          3. Title and Amount     4. Conversion         5. Ownership     6. Nature of
   Security                  and Expiration Date            of Securities          or Excercise          Form of          Indirect
                                  (M/D/Y)                   Underlying             Price of              Derivative       Beneficial
                                                            Derivative             Derivative            Security:        Ownership
                                                            Security               Security              Direct(D)or
                                                                                                         Indirect(I)
                          ------------------------------------------------------
                               Date       Expiration       Title      Amount or
                           Excercisable      Date                     Number of
                                                                        Shares
- ------------------------------------------------------------------------------------------------------------------------------------
   <S>                        <C>          <C>          <C>            <C>           <C>                   <C>            <C>
   Non-qualified option       11/22/96     5/22/06      common stock     2000        2.0625                   D
   to acquire 2000 shares
   of common stock, par 
    value $0.0024

</TABLE>



                             /s/ H.W. Markwardt                      6/1/96
                             -----------------------------           ------
                             Signature of Reporting Person            Date

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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