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): January 27, 1998


                           ETHAN ALLEN INTERIORS INC.
             (Exact name of registrant as specified in its charter)


        Delaware                         1-11806                 06-1275288
(State or other jurisdiction     (Commission File Number)    (I.R.S. Employer  
    of incorporation)                                       Identification No.)
                                                            
         
           Ethan Allen Drive
          Post Office Box 1966
          Danbury, Connecticut                         06813-1966
 (Address of principal executive offices)              (Zip Code)
                                                       

Registrant's telephone number, including are code: (203) 743-8000


                                 Not Applicable
          (Former name or former address, if changed since last report)







                      INFORMATION TO BE INCLUDED IN REPORT



Item 1.  Changes in Control of Registrant.

         Not Applicable.

Item 2.  Acquisition or Disposition of Assets.

         Not Applicable.

Item 3.  Bankruptcy or Receivership.

         Not Applicable.

Item 4.  Changes in Registrant's Certifying Accountant.

         Not Applicable.

Item  5.  Other Events.

         On  January  27,  1998,  the Board of  Directors  of Ethan  Allen  Inc.
("Company"), the wholly-owned subsidiary of Ethan Allen Interiors Inc., approved
the redemption ("Redemption"),  on March 15, 1998 ("Redemption Date"), of all of
the Company's  outstanding 8 3/4% Senior Notes Due 2001  ("Notes").  Each $1,000
principal amount of Notes will be redeemed for $1058.33 ("Redemption Amount") in
cash,  which  includes a  redemption  premium of $14.58 and accrued  interest of
$43.75.  The Redemption  Amount,  as a percentage of the principal amount of the
Notes, is 101.458%. The principal amount of the outstanding Notes to be redeemed
is $52,404,000. No amounts will be paid to the holders of the Notes prior to the
Redemption  Date.  The  principal  amount  of  Notes  held  by  the  Company  is
$22,596,000, all of which will be retired on the Redemption Date. The Notes were
issued  pursuant to an Indenture  ("Indenture"),  dated as of March 23, 1993 and
amended  March 23,  1995,  between the Company  and The First  National  Bank of
Boston (now known as BankBoston, N.A.).

         State  Street Bank and Trust  Company in New York City,  the  Successor
Trustee under the  Indenture,  will act as paying agent in  connection  with the
Redemption.

         Notice of the  Redemption  was given to the New York Stock  Exchange on
January 27, 1998 and a press  release was issued on the same date.  The terms of
the Redemption are further described in the press release attached as an exhibit
hereto.


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Item 6.  Resignations of Registrant's Directors.

         Not Applicable.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

         Not Applicable.

Item 8.  Change in Fiscal Year.

         Not Applicable.

Item 9.  Sales of Equity Securities Pursuant to Regulation S.

         Not Applicable.

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                                   SIGNATURES


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


                                            ETHAN ALLEN INTERIORS INC.



Date: February 11, 1998                     By:  /s/ M. Farooq Kathwari
                                               ---------------------------
                                               Name:  M. Farooq Kathwari
                                               Title: Chairman, President and
                                                      Chief Executive Officer






                                  EXHIBIT INDEX


Exhibit
Number                     Description
- ------                     -----------
99                         Press release issued by the Company