JOINT FILING AGREEMENT

                                    EXHIBIT C

                             JOINT FILING AGREEMENT

                  The  undersigned  hereby agree that the  statement on Schedule
13D with respect to the Common Stock of Homeland Holding  Corporation dated June
23, 1997 is, and any amendments  thereto signed by each of the undersigned shall
be,  filed  on  behalf  of each of us  pursuant  to and in  accordance  with the
provisions of Rule 13d-1(f) under the Securities Exchange Act of 1934.

Dated as of:  June 23, 1997                  ▇▇▇▇▇ FUND MANAGEMENT LLC


                                             By:      /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                      ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                      Assistant General Counsel


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                                             By:      /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                      ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                      Attorney-in-Fact


                                             ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇▇▇


                                             By:      /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                      ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                      Attorney-in-Fact