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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001016843-98-000588.txt : 19981106
<SEC-HEADER>0001016843-98-000588.hdr.sgml : 19981106
ACCESSION NUMBER:		0001016843-98-000588
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19981102
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		19981105

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RALLYS HAMBURGERS INC
		CENTRAL INDEX KEY:			0000854873
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				621210077
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1230

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	000-17980
		FILM NUMBER:		98738425

	BUSINESS ADDRESS:	
		STREET 1:		600 CLEVELAND ST EIGHT FLOOR
		CITY:			CLEARWATER
		STATE:			FL
		ZIP:			34615
		BUSINESS PHONE:		8134413500

	MAIL ADDRESS:	
		STREET 1:		600 CLEVELAND ST EIGHT FLOOR
		STREET 2:		STE 150
		CITY:			CLEARWATER
		STATE:			FL
		ZIP:			34615

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RALLYS INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<TEXT>


                       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 (Date of earliest event reported):
                                November 2, 1998

                            RALLY'S HAMBURGERS, INC.
               --------------------------------------------------
               (Exact Name of Registrant as specified in Charter)

         DELAWARE                      0-17980                62-1210077
     ---------------                 -----------            ---------------
     (State or other                 (Commission            (IRS Employer
      jurisdiction of                 File Number)           Identification
      incorporation)                                         Number)

         14255 49TH STREET NORTH, BUILDING I, CLEARWATER, FLORIDA 33762
        -----------------------------------------------------------------
        (Address of principal executive offices)               (Zip Code)

                                 (727) 519-2000
             ----------------------------------------------------
             (Registrant's telephone number, including area code)


         -------------------------------------------------------------
         (Former name or former address, if changed since last report)


<PAGE>


ITEM 5. OTHER EVENTS

         On November 2, 1998, GIANT GROUP, LTD., Rally's Hamburgers, Inc. and
Checkers Drive-In Restaurants, Inc. announced the termination of their proposed
merger. A copy of the press release announcing the termination of the
transaction is attached hereto as Exhibit 99.1 and incorporated by reference.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

         (a) & (b) Not applicable.

         (c) Exhibits.

              Exhibit 99.1 Press Release, dated November 2, 1998.

<PAGE>

                                   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.


                                         RALLY'S HAMBURGERS, INC.

NOVEMBER 3, 1998                    By: /s/ JAMES T. HOLDER
- ---------------                       ---------------------------
   (Date)                               James T. Holder
                                        Senior Vice President, General
                                        Counsel & Secretary

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<TEXT>


                               GIANT GROUP, LTD.
                            RALLY'S HAMBURGERS, INC.
                    AND CHECKERS DRIVE-IN RESTAURANTS, INC.
                           TERMINATE PROPOSED MERGER

FOR IMMEDIATE RELEASE
NOVEMBER 2, 1998

         GIANT GROUP, LTD. (NYSE:GPO), RALLY'S HAMBURGERS, INC. (NASDAQ:RLLY),
AND CHECKERS DRIVE-IN RESTAURANTS, INC. (NASDAQ:CHKR) announced today the
termination by GIANT GROUP, LTD. of their proposed merger. The merger was
terminated when the definitive merger agreement could not be finalized within
the allowed time period. GIANT owns approximately 11% of Rally's stock and
Rally's owns approximately 26% of Checkers stock.

         A spokesman for GIANT said that despite the termination of the
transaction, GIANT remains enthusiastic about the progress made by the
management of Rally's and Checkers.

         Jay Gillespie, CEO of Checkers and Rally's stated that "we will
continue to move forward on our strategic initiatives, which are designed to
increase sales and improve margins".

Additional Information;

Burt Sugarman, CEO of GIANT at (310) 273-5678
Jay Gillespie, CEO of Rally's and Checkers at (727) 519-2000

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