Deadly Dreams is a 1988 American psychological horror film directed by Kristine Peterson, and starring Mitchell Anderson, Juliette Cummins, and Xander Berkeley.

Alex Torme is haunted by the brutal murder of his parents on Christmas Eve when he was a child: His wealthy father's business associate, Norman Perkins, shot them to death over a financial dispute, and taunted Alex and his older brother, Jack, while donning a mask made from the face pelt of a fox.

Jack questions Maggie about her past, and catches her in a lie about working for a dance company in New York that does not exist.

Several days later, during Christmas, Jack suffers a nightmare in which Alex, lying dead in the morgue, awakens and attacks him.

While Jack is being murdered, Maggie phones her mother, and leaves a message saying that her father—who was in fact Norman Perkins—can finally "rest in peace."

[2] An article in Fangoria stated that the film was available on home video by the Virgin Vision label as early as October 1988.