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                          UNITED STATES
                                
               SECURITIES AND EXCHANGE COMMISSION
                                
                    WASHINGTON, D. C.  20549

                            FORM 10-Q
                                
[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES
   EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 1994

                               OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES
   EXCHANGE ACT OF 1934

For the transition period from           to

Commission file number 1-44

                 ARCHER-DANIELS-MIDLAND COMPANY
     (Exact name of registrant as specified in its charter)

         Delaware                                  41-0129150
(State or other jurisdiction of                (I. R. S. Employer
incorporation or organization)                Identification No.)

4666 Faries Parkway   Box 1470   Decatur, Illinois   62525
(Address of principal executive offices)           (Zip Code)

Registrant's telephone number, including area code217-424-5200


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 ___.

Indicate the number of shares outstanding of each of the
issuer's classes of common stock, as of the latest practicable
date.

         Common Stock, no par value--327,001,530 shares
                        (March 31, 1994)
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PART I - FINANCIAL INFORMATION

         ARCHER DANIELS MIDLAND COMPANY AND SUBSIDIARIES
                                
               CONSOLIDATED STATEMENTS OF EARNINGS
                           (Unaudited)