10-Q/A

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549



                                  FORM 10-Q/A

(X)      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934

         FOR THE PERIOD ENDED MARCH 31, 1996

                                       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     0- 21750

                             PrimeSource Corporation
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


Pennsylvania                                                         23-1430030
- ------------------------                                   --------------------
(State of incorporation)                                   (I.R.S. Employer
                                                            Identification No.)


4350  Haddonfield  Road, Suite 222,  Pennsauken,  NJ                      08109
- ----------------------------------------------------                 ---------- 
(Address of principal executive offices)                             (Zip Code)

                                 (609) 488-4888
              ---------------------------------------------------
              (Registrant's telephone number, including area code)



Indicate  by a 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:

Class                                                Outstanding at May 8, 1996

Common stock, par value $.01                                   6,552,279 shares






Item 6.  Exhibits and Reports on Form 8-K


a.       Exhibits

         Exhibit 27 -- Earnings per share information.






                                   SIGNATURE


Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


PRIMESOURCE CORPORATION
(REGISTRANT)


BY       /s/ William A. DeMarco
         William A. DeMarco
         Vice President of Finance and
         Chief Financial Officer
         (principal financial and accounting officer)

DATE     July 5, 1996

EX-27

 


<ARTICLE>                     5                                             
<MULTIPLIER>                                   1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                               0
<SECURITIES>                                         0
<RECEIVABLES>                                   50,520
<ALLOWANCES>                                     1,503
<INVENTORY>                                     39,052
<CURRENT-ASSETS>                                95,501
<PP&E>                                          18,466
<DEPRECIATION>                                   8,478
<TOTAL-ASSETS>                                 113,663
<CURRENT-LIABILITIES>                           33,808
<BONDS>                                         28,378
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            66
<OTHER-SE>                                      46,196
<TOTAL-LIABILITY-AND-EQUITY>                   113,663
<SALES>                                         86,959
<TOTAL-REVENUES>                                86,959
<CGS>                                           71,777
<TOTAL-COSTS>                                   71,777
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                   200
<INTEREST-EXPENSE>                                 520
<INCOME-PRETAX>                                  1,405
<INCOME-TAX>                                       576
<INCOME-CONTINUING>                                829
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       829
<EPS-PRIMARY>                                     0.13
<EPS-DILUTED>                                     0.13