UNITED STATES

               SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C. 20549

                            FORM 10Q

      [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
             OF THE SECURITIES EXCHANGE ACT OF 1934

         For the quarterly period ended October 31, 1997

                               OR
     [  ] TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d)
             OF THE SECURITIES EXCHANGE ACT OF 1934

   For the transition period from ___________ to ____________

                 Commission File Number 0-11718

Stevia Company, Inc.
     (Exact name of registrant as specified in its charter)

  Illinois                                    36-2967419     
    (State or other jurisdiction of         (I.R.S. Employer
   incorporation or organization)          Identification No.)

 1940 East Devon Avenue, Elk Grove Village, Illinois     60007 
 (Address of principal executive offices)            (Zip Code)

Registrant's telephone number, including area code:  (847)
593-0226
 Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                       Yes   X   No      

Number of shares outstanding of common stock as of the close of
the period covered by this report:  32,195,300
Page 1 of 20  pages contained in the sequential numbering system.
<PAGE>

                      STEVIA COMPANY, INC.
                 PART 1 - FINANCIAL INFORMATION



Item 1.   FINANCIAL STATEMENTS

Board of Directors and Shareholders
Stevia Company, Inc.
Elk Grove Village, Illinois

     The accompanying balance sheet of STEVIA COMPANY, INC. at
October 31, 1997 and the related statements of operations,
shareholders' equity and cash flow for the three and six month
periods ended October 31, 1997 and 1996 were not audited;
however, the financial statements for the three and six month
periods ending October 31, 1997 and 1996 reflect all adjustments
(consisting only of normal reoccurring adjustments) which are, in
the opinion of management, necessary to provide a fair statement
of the results of operations for the interim period presented.

     The financial statements for the year ended April 30, 1997
were not audited pursuant to Rule 210.3-11 promulgated under
Securities and Exchange Act of 1934; however, the financial
statements for the fiscal year ending April 30, 1997 reflect all
adjustments (consisting only of normal reoccurring adjustments)
which are, in the opinion of management, necessary to provide a
fair statement of the results of operations for the fiscal year
presented.






STEVIA COMPANY, INC.
December 9, 1997







<PAGE>
<TABLE>



                      STEVIA COMPANY, INC.
                          BALANCE SHEET
                             ASSETS
<CAPTION>
                                 October 31,1997      April 30, 1997        
                                      Unaudited         Unaudited  
<S>                                <C>                <C>
CURRENT ASSETS
   Cash                               864                  6,574
   Accounts Receivables-other          0                   9,668
   Inventories                     25,323                 25,323
   Prepaid Expenses                   492                      5   
          Total Current Assets     26,679                41,570  

PROPERTY AND EQUIPMENT (Notes 1 and 3)
  Land                              1,127                  1,127
  Furniture and Equipment          44,750                 44,750
  Building                        483,200                483,200
  Idle Equipment                  121,728                121,728   
                                                                 
                                  650,805                650,805
  Less:  Accumulated Depreciation
                                 (106,572)               (98,902)  
                                                                 
                                  544,233                551,903   
OTHER ASSETS
  Patents, Net of Amortization     12,334                 13,115
  Investment in Affiliated Company
    (Note 4)                         -                       -    
                               ---------------         ----------------

</TABLE>
<TABLE>
<CAPTION>

              LIABILITIES AND SHAREHOLDERS' EQUITY
<S>                                <C>                   <C>
CURRENT LIABILITIES
  Accounts Payable                31,709                 43,849
  Notes Payable-Officer
   (Notes 4 and 6)                    0                   7,588
  Due to Affiliates (Note 4)     358,904                349,286
  Accrued Executive Compensation                          
                                 124,524                124,524 
  Deferred Rent                      312                    309
  Accrued Expenses                 9,214                  6,597  
     Total Current Liabilities   524,663                532,153  
                             --------------         --------------
NON-CURRENT LIABILITIES
  Tenant Security Deposit          3,245                  3,245   

COMMITMENTS AND CONTINGENCIES
  (Notes 5,  9 and 10)               -                          -     

SHAREHOLDERS' EQUITY (Notes 4 and 7)
  Common Stock, No Par Value, 100,000,000
   Shares Authorized as of April 30, 1997
   and October 31, 1997; Issued 32,195,300
   Shares at April 30, 1997 and October 31, 1997              
                                2,088,001              2,088,001
  Additional Paid in Capital          100                    100
  Accumulated Deficit          (2,032,763)            (2,016,911)  
                                                                 
                                   55,338                 71,190    
                                                                 
                                  583,246                606,588   
                                                                
                                 ------------------      --------------- 
The accompanying notes are an integral part of the financial
statements.
    
</TABLE>
<TABLE>

                      STEVIA COMPANY, INC.

                     STATEMENT OF OPERATIONS
<CAPTION>
                            Unaudited

                         Three Months Ended            Six Months Ended
                          October 31,                 October 31,
                          1997           1996          1997           1996    
<S>                       <C>           <C>           <C>            <C>
REVENUES
 Sales                      -              -            -               -

COST OF SALES               -              -            -               -   
 Gross Profit (Loss)        -              -            -               -

OPERATING EXPENSES

Marketing                   -               -             -             28
Research and Development   390         260                780          650
  General and Administrative       
                        15,388      15,616             28,567       28,967 
                        15,778      15,876             29,347       29,645  
Loss From Operations   (15,778)    (15,876)           (29,347)      (29,645)

OTHER INCOME AND (EXPENSE)
  Rental Income          6,713       5,954             13,163        11,908 
  Interest Income          332        -                   332           -   

                         7,045       5,954             13,495        11,908   
NET LOSS                (8,733)     (9,922)           (15,852)      (17,737)
       
                ---------------     ------------   -----------  ------------- 
NET LOSS PER COMMON SHARE
    (Note 8)             (.001)      (.001)            (.001)     (.001)   
                   
WEIGHTED AVERAGE COMMON
SHARES OUTSTANDING    32,195,300  32,195,300       32,195,300     32,195,300
              
                    -------------  -----------    ------------    ----------









The accompanying notes are an integral part of the financial
statements.

</TABLE>
<TABLE>



                      STEVIA COMPANY, INC.

                STATEMENT OF SHAREHOLDERS' EQUITY

                SIX MONTHS ENDED OCTOBER 31, 1997

                            Unaudited
<CAPTION>
                                                                     Total
                                         Additional                  Share-
                    Common Stock         Paid-In                     holders'
                  Shares        Amount   Capital     (Deficit)       Equity
<S>               <C>          <C>       <C>         <C>           <C>
BALANCE
  May 1, 1997    32,195,300   2,088,001     100     (2,016,911)     71,190

NET INCOME (LOSS)   -             -         -         ( 15,852)    (15,852)

BALANCE,
  October 31, 1997
                32,195,300    2,088,001     100     (2,032,763)     55,338 
         ----------------   -------------  ------  ------------   ----------- 























The accompanying notes are an integral part of the financial
statements
</TABLE>
<PAGE>
<TABLE>


                      STEVIA COMPANY, INC.

                      STATEMENT OF CASH FLOW

                           Unaudited
<CAPTION>
   
                                       Six Months Ended October 31,
                                        1997              1996   
<S>                                    <C>                <C>
OPERATING ACTIVITIES:
  Net Loss                              (15,852)                (17,737)
  Adjustments to Reconcile Net (Loss) to Net
   Cash Used by Operating Activities:
    Depreciation and Amortization         8,451                    7,043
  Changes in Operating Assets and Liabilities:
    (Increase) Decrease in Accounts Receivable                
                                         9,668                       -
    (Increase) Decrease in Inventories
     and Prepaid Expenses                                      
                                     (     487)               (     524)
  Increase (Decrease) in Accounts Payable and
      Accrued Expenses                (  9,520)               (  1,611)
  Increase (Decrease) in Due to Affiliates
    (Note 4)                             9,618                   10,079    
   Net Cash Provided (Used) by Operating
   Activities                            1,878                  ( 2,750)   

INVESTING ACTIVITIES:
    Net Cash Provided (Used) by
    Investing Activities                   -                         -         

FINANCING ACTIVITIES:
  Proceeds From (Repayments of) Notes
   (Note 6)                           (  7,588)                 2,000    
   Net Cash Provided (Used) by Financing
    Activities                        (  7,588)                  2,000     
Increase (Decrease) in Cash and
  Cash Equivalents                    (  5,710)              (     750)
Cash and Cash Equivalents at
  Beginning of Period                    6,574                  1,431   
Cash and Cash Equivalents at End of Period                   
                                           864                      681   
                                                                 
                                   -------------         ---------------

The accompanying notes are an integral part of the financial
statements.

</TABLE>
<TABLE>

                           STEVIA COMPANY, INC.
                         NOTES TO FINANCIAL STATEMENTS



1.   Summary of Significant Accounting Policies:

Inventories - Harvested crop inventories are stated at the  lower
of cost (determined by actual specific production cost) or market
value (less estimated cost of disposal).

Components of inventories are as follows:

                       October 31, 1997          April 30, 1997

        Seeds             18,361                    18,361
        Leaves             6,962                     6,962  
                       $  25,323               $    25,323  
                     --------------         ---------------
Research and Development, and Patents - Research and
development expenditures, including depreciation of
laboratory equipment, are charged to operations as incurred.
The costs of obtaining patents, primarily legal fees, are
capitalized and amortized over seventeen years on the
straight-line method.

Property and Equipment - Property and equipment are stated
at cost.  Depreciation and amortization are computed,
primarily on the straight-line and accelerated methods, over
the estimated useful lives of the respective assets. 
Repairs and maintenance are charged to expenses as incurred;
renewals and betterments which significantly extend the
useful lives of existing property and equipment are
capitalized.

2.   Company Organization and Description:

Stevia Company, Inc. was incorporated under the laws of the
State of Illinois on November 22, 1976.

The Company was organized primarily to engage in the
business of developing and manufacturing natural products,
including sweeteners, derived from the Stevia rebaudiana
plant.

3.   Property and Equipment:

In 1986, the Company completed construction of a building
for a sweetener production facility in Pueblo, Colorado on a
parcel of land (25 acres) owned by the Company.  The net
price for construction of the building was $483,200.  The
Company also purchased certain equipment for its processing
facility.  Completion of the processing facility was
terminated in 1987 due to lack of funds.  See Footnote 11.

On September 1, 1993, the Company entered into a three-year
lease for its Pueblo, Colorado facility with an unaffiliated
third party.  The tenant was granted two one-year options
and a first right of refusal to purchase the Pueblo,
Colorado facility in the event the Company sells or
otherwise disposes of the facility.  The lease provides for
base rent of $19,473 for the first two years, $20,466 for
the third year, $22,394 for the first option year and
$23,264 for the second option year.  

<PAGE>
                    STEVIA COMPANY, INC.

                    NOTES TO FINANCIAL STATEMENTS          
      

4.   Related Party Transactions:

The Company was indebted to affiliated companies as follows:
                                          October 31,          April 30,
                                            1997                  1997  
     F.K. Suzuki International, Inc.     $   70,412         $   70,412
     Biosynergy, Inc.                     $ 288,492          $ 278,874
               Totals                     $ 358,904          $ 349,286
                                       -------------               ------------

The amount due to F.K. Suzuki International, Inc. is the net
license fees due under an irrevocable exclusive license
agreement with F.K. Suzuki International, Inc. described in
Note 9, less certain prepayments and discounts with regard
to such license agreement.

The Company shares common offices with Biosynergy, Inc.
Each company has incurred certain shared office expenses
which have been allocated to the other company.  The Company
had a net payable of $288,492 at October 31, 1997 as
compared to a net payable of $278,874 at April 30, 1997.  

The Company and its affiliates are related through Common
Stock ownership as follows on October 31, 1997.        

            S T O C K   O F   A F F I L I A T E S
<S>                     <C>        <C>             <C>            <C>       
                                                   F.K. Suzuki
                          Stevia    Biosynergy     International     Medlab
     Stock Owner         Company        Inc.        Inc.               Inc.    
Stevia Company, Inc.       -        13.8%          -                  -
Biosynergy, Inc.          .4%        -             -                  -
F.K. Suzuki
 International, Inc.     55.8%      18.8%          -              100.0%
Medlab, Inc.               -          -            -                   -
Fred K. Suzuki, Officer/   -          -              35.6%            -
      Director
Lauane C. Addis, Officer/  .1%        .1%            32.7%             -
      Director
James F. Schembri,         .2%     12.9%             -                  -
      Director
</TABLE>
On July 7, 1983, Biosynergy, Inc. (an affiliated company)
successfully completed a public offering.  As part of this
public offering the Company exchanged 1,058,181 shares of
its Common Stock for 2,000,000 shares of Biosynergy, Inc.'s
Common Stock.  The Common Stock of the Company had no book
value at the time of the exchange; thus no dollar value was
assigned to the transaction.  The Company sold 100,000 of
these shares.  Although Biosynergy, Inc.'s Common Stock can
be traded in the over-the-counter market, there is no
established public trading market for such Common Stock due
to limited and sporadic trades.

In June, 1993, Fred K. Suzuki, President of the Company,
advanced $7,587.75 to the Company for 

<PAGE>
                    STEVIA COMPANY, INC.

                    NOTES TO FINANCIAL STATEMENTS          
      

payment of the Company's share of the costs, including legal
fees, of settling a lawsuit.  This advance was repaid during
the six-month period ended October 31, 1997.  See also Note
6.

5.    Lease Commitments:

The Company shares offices in Elk Grove Village, Illinois
with Biosynergy, Inc.  The master lease for these offices,
which expires  January 31, 2001, is in the name of
Biosynergy, Inc.  The total annual base rent for these
premises is $60,500.00 for 1 year, $68,199.96 for years 2
and 3, and $69,300.00 for years 4 and 5.  The Company's
portion is $9,075.00 for  year 1, $10,230.00 for years 2 and
3, and $10,395.00 for years 4 and 5.

6.   Notes Payable: 
      Notes Payable - Officer consists of the following:
     .    an unsecured note dated July 1, 1993 in the
          original amount of $7,588 payable to Fred K.
          Suzuki, President. The note is due on demand and
          bears interest at 10% per annum.  This note was
          repaid during the six-month period ending October
          31, 1997.

7.   Shareholders' Equity:

The authorized capital stock of Stevia Company is
100,000,000 shares of no par value Common  Stock and 100,000
shares of $100 par value Preferred Stock.  The preferences,
qualifications, limitations, restrictions and special or
relative rights in  respect to the Preferred Stock are to be
determined by the Board of Directors at the time of
issuance, subject to limitations set forth in the Amended
Articles of Incorporation.  As of April 30, 1997 and October
31, 1997, no shares of Preferred Stock were outstanding.

On November 1, 1989, the Company's Secretary, Lauane C.
Addis, and President, Fred K. Suzuki, agreed to forego their
salaries in exchange for an option to purchase 83,333 shares
of the Company's no par value common stock for each month
they forfeited their salary at an option price of $.025 per
share.  Accrual of these options was terminated effective
April 30, 1991.  These options may be exercised until one
year after the repayment of the deferred compensation due at
October 31, 1989, the optionee's salary is reinstated, or
the optionee is no longer employed by the Company, whichever
is later. As of October 31, 1997, none of these options have
been exercised and a total of 2,999,988 shares are subject
to the options.  These options provide for adjustments to
prevent dilution in the event of capital reorganizations.

Mr. Suzuki was granted an option to convert all or a portion
of his deferred compensation into shares of the Company's no
par value common stock at a conversion rate of $.025 of
deferred compensation per share.  Conversion can only occur
in the event the Company has sufficient liquid assets to pay
all employee taxes due upon issuance of the shares.  A total
of 1,448,917 shares have been reserved for Mr. Suzuki's
option.  No portion of the option has been exercised as of
October 31, 1997.  The option provides for adjustments to
prevent dilution in the event of capital reorganizations.

8.   Income (Loss) per shae is computed based on the
weighted average number of shares of
<PAGE>

                    STEVIA COMPANY, INC.

                    NOTES TO FINANCIAL STATEMENTS          
      

Common Stock outstanding during the period, after giving
effect to stock splits.  The effect of exercise of stock
options has not been presented as exercise would be
anti-dilutive.  

9.  Agreements, Licenses and Options:

The Company entered into an irrevocable exclusive license
agreement with F.K. Suzuki International, Inc., parent of
the Company, in 1983.  For an annual fee of $75,000, payable
beginning in January of 1987, the Company received certain
patent and other rights owned by F.K. Suzuki , Inc.
Effective May 1, 1988, the license agreement was amended to
provide for a royalty payment of 3% of revenues derived from
the licensed technology in lieu of a set fee.   No fees were
incurred during the six-month period ending October 31,
1997.

10.  Income Taxes:

There is no provision for income taxes in the accompanying
financial statements due to the Company's net operating loss
position.  At April 30, 1997, net operating loss
carryforwards are available and expire, if not used, as
follows:
                              1996               51,092
                              1997              292,440
                              1998              224,075
                              1999              167,356
                              2000              302,320
                              2001              423,843
                              2002              389,355
                              2003              328,154
                              2004              189,389
                              2005              133,704
                              2006               74,264
                              2007               73,470
                              2008               49,568
                              2009              119,410
                              2010               55,831
                              2011               33,519
                              2012               37,407
                                             $3,064,297
                             --------           -------


The Company has adopted Statement of Financial Accounting
Standards (SFAS) No. 109, "Accounting for Income Taxes".
Due to the historical and continued net operating losses of
the Company, Statement 109 has no material effect, if any,
on the Company's Financial Statements.  The Company has
elected not to retroactively adopt the provisions allowed in
SFAS NO.109; however, all provisions of the document have
been applied since the beginning of fiscal year 1994.  

11.  Management's Plans:

In view of the fact that the Company has incurred losses of
$37,407, $33,519 and $55,831 for the years ended April 30,
1997, 1996, and 1995, respectively, management of the
Company recognizes the ability of the Company to continue is
contingent upon the Company obtaining financing so it can

<PAGE>

                     STEVIA COMPANY, INC.

                    NOTES TO FINANCIAL STATEMENTS          
      

commence operations or acquire alternative operations.
Before the Company can realize material operating revenues
from its proposed operations, the Company must equip and
commence operations of a processing facility.  The cost of
equipping a processing facility is significant, and
therefore the Company's objective has been to obtain such
financing. Although the Company will continue to seek
financing for its proposed operations, the Company will also
pursue alternatives, such as licensing its technology,
selling Stevia Company or its assets, or combining Stevia
Company with another enterprise.  Although no agreements
have been entered into for consummating any such
transaction, management of the Company believes such a
transaction may be possible in the future.


12.  Unaudited Financial Statements:

The Company's Financial Statements for the fiscal year
ending April 30, 1997 were not audited pursuant to Rule
210.3-11 of Regulation SX promulgated under the Securities
Exchange Act of 1934, which provides that an inactive entity
need not submit audited financial statements with reports
filed pursuant to the Securities Exchange Act of 1934.  An
inactive entity is defined as an entity not having gross
receipts from all sources and expenditures for all purposes
in excess of $100,000 each, which has not purchased or sold
any of its own stock, granted options therefore, or levied
any assessments against outstanding stock during the
applicable fiscal year, which has had no material change in
business, including any material acquisitions or
dispositions of assets, and which is not required to publish
audited financial statements by any exchange or governmental
authority having jurisdiction.  In the opinion of
management, the Company met the criteria of an inactive
entity for the fiscal year ending April 30, 1997.
<PAGE>

Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL 
               CONDITION AND RESULTS OF OPERATIONS

SALES/REVENUES

The Company had no sales during the quarter  ("2nd Quarter")
or six month period ending October 31, 1997.  The Company
did not produce rebaudioside A or other products on a
commercial basis during the 2nd Quarter, and was not
expected to have sales.  After commencement of commercial
operations, Management continues to believe that a market
for its Stevia products could be developed.

The Company realized rental income of $6,713 during the 2nd
Quarter and $13,163 during the six-month period ending
October 31, 1997 from leasing its Pueblo, Colorado facility
to an unrelated third party.   The lease between the Company
and the tenant grants the tenant two one-year options.  The
tenant exercised its rights under the second one-year option
as of September 1, 1997.  The lease provides for rent of
$23,264 for the second option period.  The Company also
realized $332 of the interest income during the 2nd Quarter
on late rental payments by the tenant of the Pueblo,
Colorado facility.

COSTS AND EXPENSES

The overall operating expenses of the Company decreased by
$98 during the 2nd  Quarter as compared to the same quarter
ending in 1996 and decreased by $298 during the six month
period ending October 31, 1997 as compared to the same
period ending in 1996.  Most of the current expenses are
overhead and general and administration items required to
maintain the Company.  It is not anticipated that the
expenses of the Company will materially change until the
Company receives financing or commences alternative
operations.

NET LOSS

The Company realized a net loss of $8,733 in the 2nd
Quarter as compared to a net loss of $9,922 in the
comparative quarter in 1996.  The Company's net loss of
$15,852 during the six month period ending October 31, 1997
was $1,885 less than the net loss during the comparative
period in 1996.  The Company's continuing losses are due to
the lack of operating revenues, which will continue until
such time as the Company produces its sweeteners and other
products for sale or can obtain alternative revenues.  See
"LIQUIDITY AND CAPITAL RESOURCES" below.

As of April 30, 1997, the Company has incurred net operating
losses aggregating $3,064,297.  There is no provision for
income taxes in the Financial Statements due to the
Company's net operating loss position. Furthermore, the Tax
Reform Act of 1986 will not materially alter the Company's
net operating loss carryforward position, and the net
operating loss carryforwards will be available and expire,
if not used, as set forth in Footnote 10 to the Financial
Statements.  See "FINANCIAL STATEMENTS."

ASSETS/LIABILITY RATIO

The ratio of current assets to current liabilities (.05 to
1) is not acceptable taking into considely of inventory.  It
is unknown how much inventory the Company can sell, if any.
The Company is not producing inventory and there can be no
assurance of long-term revenues, if any.  The inventory
consists primarily of Stevia leaves, which have been grown
and harvested by the Company for use in its initial
processing operations or for sale, and seeds which may be
used for growing more leaves.  See "LIQUIDITY AND CAPITAL
RESOURCES" below.

LIQUIDITY AND CAPITAL RESOURCES

The Company's net working capital decreased by $7,401 during
the six month period ending October 31, 1997.  The Company's
negative net working capital is due to the continuing losses
of the Company.  The Company had $864 in cash at October 31,
1997.  Management of the Company believes this amount is
insufficient to provide working capital for the ensuing
quarter. The Company does not have, nor does it anticipate
obtaining in the near future, a working line of credit.

The Company's ability to generate cash adequate to meet its
future needs depends upon its ability to obtain financing
for the purpose of beginning revenue producing operations.
In the event the Company is unable to obtain financing,
management will seek out alternatives, such as licensing the
Company's technology, selling the Company or its assets,
leasing the Company's Pueblo facility, or combining the
Company with other businesses.

The Company and an affiliate, Biosynergy, Inc. ("BSI"),
share office space, and as a result, share certain expenses.
Both companies account to each other on an on-going basis
for these shared expenses.  The resulting payable as of
April 30, 1997 was $278,874 and $288,492 as of October 31,
1997. The amounts due to BSI reflect on-going transactions
in the ordinary course of business and do not represent any
extraordinary transactions.  Shared expenses include salary
for common employees and related benefits, payroll overhead,
utilities, and certain legal expenses.  Management of the
Company bel effective to share these expenses with BSIy
continue to do so in the near future.  However, there is no
assurance BSI will be in a position or agree to continue to
extend credit to the Company for these shared expenses.

On September 1, 1993, the Company entered into a three-year
lease for its Pueblo, Colorado facility with an unaffiliated
third party.  The tenant was granted two one-year options
and a first right of refusal to purchase the Pueblo,
Colorado facility in the event the Company sells or
otherwise disposes of the facility.  The lease provides for
base rent of $19,473 for the first two years, $20,466 for
the third year, $22,394 for the first option year and
$23,264 for the second option year.  See "SALES/REVENUES"
above.  The proceeds from leasing such facility are used to
offset expenses of the facility and to cover a portion of
the general and administrative expenses of the Company.
However, the cash flow from leasing the facility in Pueblo
is not expected to be sufficient to cover all of the
expenses of the Company for the ensuing year, and
furthermore, there can be no assurance the Company will be
able to continue leasing its facility.  In this regard, the
lessee of the facility has exercised its option to extend
the lease for the final option year which ends August 31,
1998.  

The Company owns 1,900,000 shares of BSI common stock.  Such
common stock can be traded in the over-the-counter market
and stock prices are recorded on "pink sheets."  The bid
price at October 31, 1997 was estimated to be $.01 per
share.  Although the Company is free to currently sell these
shares of Biosynergy, Inc. common stock, it does not have
plans to do so in the near future.  See Footnote 4 of the
"FINANCIAL STATEMENTS."
             
      STEVIA COMPANY, INC.

                 PART II - OTHER INFORMATION


Item 6.   EXHIBITS AND REPORTS ON FORM 8-K.

A.   The following Exhibits are included herein pursuant to
Section 601:

(3)  (a)  Articles of Incorporation (i)
    
       (b)  By-Laws (ii)

       (10) Material Contracts.
     (a)  Deferred Compensation Option Agreement by and
between Stevia Company, Inc. and Fred K. Suzuki, effective
November 1, 1989.  (iii)

     (b)  Deferred Compensation Option Agreement by and
between Stevia Company, Inc. and Lauane C. Addis, effective
November 1, 1989. (iii)

     (c)  Amendment to Deferred Compensation Option
Agreement by and between Stevia Company, Inc. and Fred K.
Suzuki, effective April 1, 1991. (iv)   

          (d)  Lease Agreement, dated September 1, 1993,
between the Company and Pacific Aero Manufacturing, Inc.
(v)

               (e)  Promissory Note dated July 1, 1993
payable to Fred  K. Suzuki in the amount of $7,587.75. (v)

      (11) Statement regarding computation of per share
earnings -none.

      (15) Letter dated December 9, 1997, regarding interim
financial information. (iv)

      (18) Letter regarding change in accounting
principals - none.

      (19) Reports furnished to security holders - none.

      (22) Published report regarding matters submitted to
vote of security holders - none.

      (23) Consents of experts and counsel - none.

      (24) Power of Attorney - none.

      (27) Financial Data Schedule. P. E-1

B.   No Current Reports on Form 8K were filed during the
period covered by this Report.
                         

<PAGE>

                          FOOTNOTES

(i)  Incorporated by reference to a Registration Statement
     filed on Form S-18 with the Securities and Exchange
     Commission, 1933 Act, Registration Number 2-87364C,
     under the Securities Act of 1933, as amended, and
     incorporated by reference, to the extent of Articles of
     Amendment, to Form 10K for Fiscal Year Ending April 30,
     1986 filed with the Securities and  Exchange
     Commission.


(ii)      Incorporated by reference to Form 10K for Fiscal
          Year Ending April 30, 1987 filed with the
          Securities and Exchange Commission.


(iii)     Incorporated by reference to Form 10K for Fiscal
          Year ending April 30, 1990 filed with the
          Securities and Exchange Commission.


(iv)      Incorporated by reference to Form 10K for Fiscal
          Year ending April 30, 1991 filed with the
          Securities and Exchange Commission.


(v)  Incorporated by reference to Form 10K for Fiscal Year
     ending April 30, 1994 filed with the Securities and
     Exchange Commission.


(vi) This Exhibit is included in this report as a part of
     the Financial Statements, and is incorporated by
     reference herein


<PAGE>


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 thereunto duly
authorized.



STEVIA COMPANY, INC.




Date December 10, 1997        /s/ FRED K. SUZUKI /s/        
                             Fred K. Suzuki
                             President, Chairman of the Board, 
                             Chief Accounting Officer and  Treasurer


Date December 10, 1997        /s/ LAUANE C. ADDIS /s/       
                              Lauane C. Addis
                              Secretary, Corporate Counsel and
                              Director


              




__________________________________________________________________
             SECURITIES AND EXCHANGE COMMISSION
                   WASHINGTON, D.C. 20549



                          FORM 10Q

      Quarterly Report Pursuant to Section 13 or 15 (d)

                             of

           THE SECURITIES AND EXCHANGE ACT OF 1934

           For the period ending October 31, 1997
               Commission File Number: 0-11718


             STEVIA COMPANY, INC.              
_________________________________________________________________
     (Exact name of registrant as specified in charter)

                   1940 East Devon Avenue
                 Elk Grove Village, IL 60007
                       (847) 593-0226
  (Address and telephone number of registrant's  principal
executive office on a principal place of business)

             __________________________________

EXHIBITS

                             
________________________________________________________________ 
_________________________________________________________________


















__________________________________________________________________
__________________________________________________________________

                       EXHIBIT INDEX 
                       _______________
                                                       Page Number    
                                                       Pursuant to
                                                       Sequential
Exhibit                                                Numbering
Number                   Exhibit                       System  
_______                ___________                     __________
27                    Financial Data Schedule            E-1




<PAGE>




                            E-1