BANKERS TRUST COMPANY
One Bankers Trust Plaza
New York, New York  10006


Clarke S. Edgar						Mailing Address:
Vice President						P.O. Box 318
Telephone: 212-250-2216				Church Street Station
								New York, NY 10008
	

								February 13, 1995



Securities and Exchange Commission
SEC Document Control
450 Fifth Street, N.W.
Washington, DC  20549
Attn:  Filing Desk


Dear Sirs:

	Re:  Filing of Schedule 13G on
		DMI Furniture, Inc.
	

Pursuant to Rule 13d-1 of the General Rules and Regulations under 
the Securities Exchange Act of 1934, the following is one copy of 
the Schedule 13G with respect to the common stock of the above 
referenced corporation.

Please acknowledge your receipt of the Schedule 13G filing 
submission through the EDGAR-Link System software, by E-Mail 
confirmation.

							Sincerely,

							/s/Clarke S. Edgar



Enclosures


	SECURITIES AND EXCHANGE COMMISSION
	Washington, D.C.  20549


	SCHEDULE 13G


	Under the Securities Exchange Act of 1934
	(Amendment No.   1  )*

	DMI Furniture, Inc.
	_______________________________________
	NAME OF ISSUER:

	Common Stock
	_______________________________________
	TITLE OF CLASS OF SECURITIES

	233230101
	_______________________________________
	CUSIP NUMBER


	Check the following box if a fee is being paid with 
this statement [ ].  (A fee is not required only if 
the filing person: (1) has a previous statement on 
file reporting beneficial ownership of more than five 
percent of the class of securities described in Item 
1; and (2) has filed no amendment subsequent thereto 
reporting beneficial ownership of five percent or less 
of such class.) (See Rule 13d-7.)

	*The remainder of this cover page shall be filled out 
for a reporting person's initial filing on this form 
with respect to the subject class of securities, and 
for any subsequent amendment containing information 
which would alter the disclosures provided in a prior 
cover page.

	The information required in the remainder of this 
cover page shall not be deemed to be "filed" for the 
purpose of Section 18 of the Securities Exchange Act 
of 1934 ("Act") or otherwise subject to the 
liabilities of that section of the Act but shall be 
subject to all other provisions of the Act (however, 
see the Notes).

	(Continued on following page(s))

	Page 1 of 5 Pages


CUSIP No. 233230101						Page 2 of 5 Pages

1.NAME OF REPORTING PERSON
	S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

	Bankers Trust New York Corporation and its indirect wholly- 
owned subsidiary, BT Capital Corporation 

2.CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
			(A)  [ ]
			(B)  [ ]                                           

3.SEC USE ONLY

4.CITIZENSHIP OR PLACE OF ORGANIZATION

	Bankers Trust New York Corporation is a New York corporation; 
BT Capital Corporation is a Delaware corporation

 NUMBER OF	5. SOLE VOTING POWER
          
  SHARES		BT Capital Corporation owns directly 280,169 
shares with rights to acquire 1,287,031 additional 
shares for a total of 1,567,200 shares

BENEFICIALLY	6. SHARED VOTING POWER

 OWNED BY			-0-

  EACH		7. SOLE DISPOSITIVE POWER

REPORTING		BT Capital Corporation owns directly 280,169 
shares with rights to acquire 1,287,031 additional 
shares for a total of 1,567,200 shares

 PERSON		8. SHARED DISPOSITIVE POWER
       
  WITH			-0-

9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	BT Capital Corporation owns 280,169 shares of common shock and 
rights to acquire an additional 1,287,031 shares for a total 
beneficial ownership of 1,567,200 shares

10.CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES CERTAIN
   SHARES *


11.PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

	BT Capital Corporation owns 9.45% of the outstanding common 
stock and rights to acquire an additional 30.3% of the 
outstanding stock on a fully diluted basis for a total 
beneficial ownership of 36.9% of the outstanding stock on a 
fully diluted basis.


CUSIP No. 233230101						Page 3 of 5 Pages

12.TYPE OF REPORTING PERSON *
	Bankers Trust New York Corporation - HC; BT Capital 
Corporation - CO

Item 1(a)		NAME OF ISSUER:

	DMI Furniture, Inc.

Item 1(b)		ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

	One Oxmoor Place
	101 Bullitt Lane
	Louisville, Kentucky 40222

Item 2(a)		NAME OF PERSON FILING:

	Bankers Trust New York Corporation, and its indirect 
wholly-owned subsidiary, BT Capital Corporation 

Item 2(b)	ADDRESS OF PRINCIPAL BUSINESS OFFICE:

	Bankers Trust New York Corporation and BT Capital 
Corporation are located at 280 Park Avenue, New 
York, New York  10017

Item 2(c) 	CITIZENSHIP:

	Bankers Trust New York Corporation is incorporated 
in the State of New York with its principal business 
office located in New York; BT Capital Corporation 
is incorporated in the State of Delaware with its 
principal business office located in New York.

Item 2(d)	TITLE OF CLASS OF SECURITIES:

	Common Stock, Par Value $.10, of DMI Furniture, Inc.

Item 2(e)	CUSIP NUMBER:

	233230101

Item 3	FILING STATUS UNDER RULE 13d-1(b) or 13d-2(b):

	Not applicable.  This Schedule is filed pursuant to 
Rule 13d-1(c).

Item 4	OWNERSHIP:

	(a)  Amount Beneficially Owned: 

	BT Capital Corporation owns 280,169 shares of common 
stock and rights to acquire an additional 1,287,031 
shares of common stock for a total beneficial 
ownership of 1,567,200 shares.


CUSIP No. 233230101						Page 4 of 5 Pages


	(b)  Percent of Class: 

	BT Capital Corporation owns 9.45% of the outstanding 
common stock and rights to acquire an additional 
30.3% of the outstanding stock on a fully diluted 
basis for a total beneficial ownership of 36.9% of 
the outstanding stock on a fully diluted basis.

	(c)  Number of shares as to which BT Capital 
Corporation has:

	        (i)	sole power to vote or to direct the 
vote - 280,169 shares owned directly 
with rights to acquire 1,287,031 
additional shares for a total of 
1,567,200 shares.

	       (ii)  shared power to vote or to direct the 
                          vote - 0

                   (iii)	sole power to dispose or to direct the 
disposition of - 280,169 shares owned 
directly with rights to acquire 
1,287,031 additional shares for a total 
of 1,567,200 shares.

	       (iv)	shared power to dispose or to direct 
the disposition of - 0

Item 5	OWNERSHIP OF FIVE PERCENT OF LESS OF A CLASS:

	Not applicable.

Item 6	OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF    
 ANOTHER PERSON:

	Not applicable. 

Item 7	IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY 
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE 
PARENT HOLDING COMPANY:

	See Exhibit to Item 7.

Item 8	IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE 
GROUP:

	Not applicable.

Item 9	NOTICE OF DISSOLUTION OF GROUP:

	Not applicable.



CUSIP No. 233230101						Page 5 of 5 Pages


Item 10	CERTIFICATION:

	Not applicable.


	SIGNATURE

	After reasonable inquiry and to the best of my 
knowledge and belief, I certify that the information set forth in 
this statement is true, complete and correct.

Date:       as of December 31, 1994


Signature:  BANKERS TRUST NEW YORK CORPORATION



	/s/James T. Byrne, Jr.
By:             James T. Byrne, Jr.
Title:          Secretary


Signature:  BT CAPITAL CORPORATION



	/s/Heidi G. Silverstein
By:             Heidi G. Silverstein
Title:          Secretary




	EXHIBIT TO ITEM 7


	The chain of ownership from Bankers Trust New York 
Corporation to BT Capital Corporation, the subsidiary which 
acquired the security being reported on, is shown below:

	Bankers Trust New York Corporation
	|
	|
	BT Holdings (New York), Inc.
	|
	|
	BT Capital Corporation