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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) Report Filed Under Item
5

Multi-Color Corporation

(Exact name of registrant as specified in its charter)

          Ohio                     0-16148                31-1125853
________________________________________________________________________
(State or other jurisdiction     (Commission         (IRS Employer
     of incorporation)           File Number)     Identification No.)

4575 Eastern Avenue, Cincinnati, Ohio                          45226
________________________________________________________________________
      (Address of principal executive offices)                  Zip Code


Registrant's telephone number, including area code  (513) 321-5381

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

Item 5. Other Events.

This Form 8-K is filed for the purpose of supplying the press release issued by Multi-Color Corporation (the "Company") on February 29, 1996 relating to the Company's execution of an Amended and Restated Loan Agreement with its Lenders.

INDEX TO EXHIBITS
MULTI-COLOR CORPORATION

Number Exhibit Description

99 Press Release

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.

MULTI-COLOR CORPORATION

Date:  February 29, 1996           /s/ John C. Court
                                    ________________________
                                    John C. Court
                                    President

EXHIBIT 99

MULTI-COLOR CORPORATION

For Immediate Release
February 29, 1996

Contact: John C. Court
Multi-Color Corporation
(513) 321-5381

MULTI-COLOR IMPROVES FINANCIAL POSITION

Multi-Color entered into an Amended Loan Agreement with its principal lenders, PNC Bank and Star Bank, that represents and important step by the Company toward improving its financial condition. This Amendment facilitates the Company's ability to invest in its operations and maintain its leadership role in the label industry.

The Agreement provides a revolving credit facility of up to $3,750,000 and permits capital expenditures of up to $1,500,000 per year. Approximately $800,000 is available currently under the revolving line of credit. The Agreement will remain in effect until July 1997.

Multi-Color is a printer of packaging for consumer goods. Its customers include most of the nation's manufacturers of household products. Multi-Color is the developer of the in-mold label (IML) and the world leader in sales of that product. IML is the industry's premier labeling technology for products packaged in plastic blow-molded containers.

Based in Cincinnati, Multi-Color also has plants in Erlanger, Kentucky and Scottsburg, Indiana.