STATEMENT OF ELIGIBILITY OF TRUSTEE

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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549

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FORM T-1

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)

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IBJ SCHRODER BANK & TRUST COMPANY
(Exact name of trustee as specified in its charter)

New York 13-5375195
(Jurisdiction of incorporation (I.R.S. employer
or organization if not a U.S. national bank) identification No.)

One State Street, New York, New York 10004
(Address of principal executive offices) (Zip code)

IBJ SCHRODER BANK & TRUST COMPANY
One State Street
New York, New York 10004
(212) 858-2000
(Name, address and telephone number of agent for service)

KIMCO REALTY CORPORATION
(Exact name of obligor as specified in its charter)

Maryland 13-2744380
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)

3333 New Hyde Park Road, Suite 100
New Hyde Park, N.Y. 11042 11576
(Address of principal executive offices) (Zip code)

Senior Debt Securities
(Title of indenture securities)

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Item 1. General information

Furnish the following information as to the trustee:

(a) Name and address of each examining or supervising authority
to which it is subject.

New York State Banking Department, Two Rector Street,
New York, New York

Federal Deposit Insurance Corporation, Washington, D.C.

Federal Reserve Bank of New York Second District,
33 Liberty Street, New York, New York

(b) Whether it is authorized to exercise corporate
trust powers.

Yes

Item 2. Affiliations with the Obligor.

If the obligor is an affiliate of the trustee, describe
each such affiliation.

The obligor is not an affiliate of the trustee.


Item 13. Defaults by the Obligor.


(a) State whether there is or has been a default with respect
to the securities under this indenture. Explain the nature
of any such default.

None

(b) If the trustee is a trustee under another indenture under which
any other securities, or certificates of interest or
participation in any other securities, of the obligor are
outstanding, or is trustee for more than one outstanding series
of securities under the indenture, state whether there has been a
default under any such indenture or series, identify the
indenture or series affected, and explain the nature of any such
default.

None


Item 16. List of exhibits.


List below all exhibits filed as part of this statement of
eligibility.

*1. A copy of the Charter of IBJ Schroder Bank & Trust Company as
amended to date. (See Exhibit 1A to Form T-1, Securities and
Exchange Commission File No. 22-18460).

*2. A copy of the Certificate of Authority of the trustee to Commence
Business (Included in Exhibit 1 above).

*3. A copy of the Authorization of the trustee to exercise corporate
trust powers, as amended to date (See Exhibit 4 to Form T-1,
Securities and Exchange Commission File No. 22-19146).

*4. A copy of the existing By-Laws of the trustee, as amended to date
(See Exhibit 4 to Form T-1, Securities and Exchange Commission
File No. 22-19146).

5. Not Applicable

6. The consent of United States institutional trustee required by
Section 321(b) of the Act.

7. A copy of the latest report of condition of the trustee published
pursuant to law or the requirements of its supervising or
examining authority.

* The Exhibits thus designated are incorporated herein by reference as
exhibits hereto. Following the description of such Exhibits is a reference
to the copy of the Exhibit heretofore filed with the Securities and
Exchange Commission, to which there have been no amendments or changes.




NOTE

In answering any item in this Statement of Eligibility which relates to matters
peculiarly within the knowledge of the obligor and its directors or officers,
the trustee has relied upon information furnished to it by the obligor.

Inasmuch as this Form T-1 is filed prior to the ascertainment by the trustee of
all facts on which to base responsive answers to Item 2, the answer to said Item
are based on incomplete information.

Item 2, may, however, be considered as correct unless amended by an amendment to
this Form T-1.

Pursuant to General Instruction B, the trustee has responded to Items 1, 2 and
16 of this form since to the best knowledge of the trustee as indicated in Item
13, the obligor is not in default under any indenture under which the applicant
is trustee.



SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, the
trustee, IBJ Schroder Bank & Trust Company, a corporation organized and existing
under the laws of the State of New York, has duly caused this statement of
eligibility to be signed on its behalf by the undersigned, thereunto duly
authorized, all in the City of New York, and State of New York, on the 10th day
of July, 1996.



IBJ SCHRODER BANK & TRUST COMPANY



By: /s/ Thomas J. Bogert
Thomas J. Bogert
Vice President



Exhibit 6

CONSENT OF TRUSTEE



Pursuant to the requirements of Section 321(b) of the Trust Indenture
Act of 1939, as amended, in connection with one or more proposed issuances by
Kimco Realty Corporation of its Senior Debt Securities, we hereby consent
that reports of examinations by Federal, State, Territorial, or District
authorities may be furnished by such authorities to the Securities and Exchange
Commission upon request therefor.


IBJ SCHRODER BANK & TRUST COMPANY



By: /s/ Thomas J. Bogert
Thomas J. Bogert
Vice President



Dated: July 10, 1996



EXHIBIT 7


CONSOLIDATED REPORT OF CONDITION OF
IBJ SCHRODER BANK & TRUST COMPANY
of New York, New York
And Foreign and Domestic Subsidiaries


Report as of March 31, 1996