SECURITIES AND EXCHANGE COMMISSION
                      Washington, DC 20549

                           FORM 10-QSB

(Mark One)
[x]  Quarterly Report under Section 13 or 15 (d) of the
     Securities Exchange Act of 1934

For the quarterly period ended April 4, 1999

                               OR
                                
[  ] Transition Report Pursuant to Section 13 Or 15 (D) of the
     Securities Exchange Act Of 1934

Commission file number 0-12701

For the transition period from _______________ to _____________

                  -----------------------------

                           CUCOS INC.
                                
(Exact name of small business issuer as specified in its charter)

                     LOUISIANA                             72-0915435
          (State or other jurisdiction of                (IRS Employer
          incorporation or organization)              Identification No.)
                                                              
110 Veterans Blvd., Suite 222, Metairie, Louisiana            70005
     (Address of principal executive offices)              (Zip Code)

Issuer's telephone number, including area code--504-835-0306

Check  whether the issuer: (1) has filed all reports required  to
be  filed by Section 13 or 15 (d) of the Exchange Act during  the
past  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 [    ]

State  the  number of shares outstanding of each of the  issuer's
classes  of  common  equity, as of the latest  practicable  date:
2,651,730  shares of common stock, no par value, as  of  May  13,
1999.

Transitional Small Business Disclosure Format (check one):

Yes [   ] No [ X ]


Part I--Financial Information

ITEM I.  FINANCIAL STATEMENTS

                           CUCOS INC.
                         BALANCE SHEETS
                                
                                                              April 4, 1999
                                                                  Unaudited
Assets                                                                     
Current Assets                                                             
     Cash and Cash Equivalents                                     $575,000
     Receivables:                                                          
       Trade Net of Allowance                                       205,000
       Due from Affiliates Net of Allowance                         146,000
                                                                    351,000
                                                                           
     Inventories                                                    214,000
     Prepaid Expenses                                               319,000
     Deferred Taxes and Other Current Assets                          4,000
       TOTAL CURRENT ASSETS                                       1,463,000
                                                                           
Deferred Taxes and Noncurrent Assets                                244,000
                                                                           
Property, Equipment and Other                                              
     Property and Equipment                                       2,693,000
     Building and Leasehold Improvements                          4,078,000
     Reacquired Franchise Rights                                          -
                                                                  6,771,000
     Less Accumulated Depreciation and Amortization               4,002,000
                                                                  2,769,000
                                                                           
Investment in LaMexiCo, LLC                                         234,000
Deferred Costs Less Accumulated Amortization                        263,000
TOTAL ASSETS                                                     $4,973,000
                                                                           
Liabilities and Shareholders' Equity                                       
Current Liabilities                                                        
     Short-Term Debt Payable to Banks                            $        -
     Trade Accounts Payable                                       2,279,000
     Accrued Expenses and Other                                     547,000
     Accrued Payroll                                                188,000
     Current Portion of Long-Term Debt                              461,000
       TOTAL CURRENT LIABILITIES                                  3,475,000
                                                                           
Long-Term Debt, Less Current Portion                              3,137,000
Deferred Revenue and Other                                          461,000
                                                                           
Shareholders' Equity                                                       
     Preferred Stock, No Par Value - 1,000,000 Shares                      
       Authorized, None Issued or Outstanding                             -
     Common Stock, No Par Value - 20,000,000 Shares                        
       Authorized, 2,651,730 Shares Issued and Outstanding        5,253,000
     Additional Paid-in Capital                                     111,000
     Retained Earnings (Deficit)                                 (7,464,000)
       TOTAL SHAREHOLDERS' EQUITY                                (2,100,000)
TOTAL LIABILITIES AND EQUITY                                     $4,973,000
                                                                           
See Notes to Financial Statements


Part I--Financial Information
<TABLE>
<CAPTION>
                           CUCOS INC.
                    STATEMENTS OF OPERATIONS
                            UNAUDITED

                                                                 12 Weeks       12 Weeks       40 Weeks       40 Weeks
                                                                    Ended          Ended          Ended          Ended
                                                             Apr. 4, 1999   Apr. 5, 1998  Apr. 4, 1999    Apr. 5, 1998
Restaurant Operations                                                                                                 
 <S>                                                          <C>            <C>           <C>            <C>
 Sales of Food and Beverages                                   $4,594,000     $4,908,000    $15,539,000    $16,254,000
 Restaurant Expenses:                                                                                                 
   Cost of Sales                                                1,256,000      1,280,000      4,367,000      4,304,000
   Restaurant Labor and Benefits                                1,653,000      1,656,000      5,554,000      5,441,000
   Other Operating Expenses                                       745,000        866,000      3,017,000      2,921,000
   Occupancy Costs                                                544,000        561,000      1,789,000      1,773,000
   Preopening Costs                                                     -         33,000         55,000         55,000
     Total Restaurant Expenses                                  4,198,000      4,396,000     14,782,000     14,494,000
Income from Restaurant Operations                                 396,000        512,000        757,000      1,760,000
                                                                                                                      
Royalties and Franchise Revenues, Net of Expenses                                                                     
   of $817 and $8,637; $2,658 and $21,527                          28,000         23,000        102,000         82,000
Commissary and Other Income                                        23,000         27,000         89,000        109,000
                                                                  447,000        562,000        948,000      1,951,000
                                                                                                                      
Operations Expenses                                               229,000        234,000        649,000        678,000
Corporate Expenses                                                598,000        361,000      1,433,000      1,092,000
Charges Related to Closed Units and Asset Impairment            1,860,000              -      1,860,000              -
Operating Income                                               (2,240,000)       (33,000)    (2,994,000)       181,000
                                                                                                                      
Interest Expense                                                  114,000        130,000        376,000        385,000
Loss Before Income Taxes and Extraordinary Expenses            (2,354,000)      (163,000)    (3,370,000)      (204,000)
                                                                                                                      
Income Taxes                                                        2,000              -          3,000              -
Loss Before Extraordinary Expense                              (2,356,000)      (163,000)    (3,373,000)      (204,000)
Extraordinary Item -- Debt Restructuring Penalties                      -              -              -       (166,000)
                                                                                                                      
Net Loss                                                      $(2,356,000)     $(163,000)   $(3,373,000)     $(370,000)
                                                                                                                      
Weighted Average Number of Common Shares and                                                                          
 Common Share Equivalents Outstanding                           2,652,000      2,400,000      2,652,000      2,400,000
Net Loss Per Share Before Extraordinary Expenses                  $(0.89)        $(0.07)        $(1.27)        $(0.09)
Net Loss Per Share                                                $(0.89)        $(0.07)        $(1.27)        $(0.15)
</TABLE>
                                     
See Notes to Financial Statements

Part I--Financial Information
<TABLE>
<CAPTION>
                           CUCOS INC.
                    STATEMENTS OF CASH FLOWS
                            UNAUDITED


                                                           40 Weeks       40 Weeks
                                                              Ended          Ended
                                                       April 4, 1999   April 5, 1998
                                                                                  
<S>                                                        <C>          <C>
NET CASH PROVIDED BY OPERATING ACTIVITIES                  $259,000       $824,000
                                                                                  
INVESTING ACTIVITIES                                                              
 Purchases of Property and Equipment                       (155,000)      (878,000)
 Change in Deferred Costs                                   134,000       (371,000)
                                                                                  
NET CASH USED IN INVESTING ACTIVITIES                       (21,000)    (1,249,000)
                                                                                  
FINANCING ACTIVITIES                                                              
 Proceeds from Borrowings                                    74,000      4,781,000
 Principal Payments on Borrowings                          (416,000)    (4,142,000)
                                                                                  
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES        (342,000)       639,000
                                                                                  
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS           (104,000)       214,000
                                                                                  
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD            679,000        476,000
                                                                                  
CASH AND CASH EQUIVALENTS AT END OF PERIOD                 $575,000       $690,000
</TABLE>
 

See Notes to Financial Statements


CUCOS INC.

NOTES TO FINANCIAL STATEMENTS  (UNAUDITED)

1.   The Company:  Cucos Inc. (the "Company") owns and franchises
     Mexican  restaurants under the name "Cucos".   At  April  4,
     1999, fourteen Company-owned restaurants and four franchised
     restaurants were in operation.  At the end of the Comparable
     Quarter,   there   were  sixteen  company-owned   and   five
     franchised restaurants in operation.

2.   Fiscal  Year:   The  Company uses  a  52/53  week  year  for
     financial reporting purposes with the Company's fiscal  year
     ending  on  the  Sunday closest to June  30  of  each  year.
     Fiscal 1998 and fiscal 1999 are both 52 week years.

3.   The  accompanying unaudited financial statements  have  been
     prepared in accordance with the rules and regulations of the
     Securities and Exchange Commission.  Certain information and
     footnote  disclosures  normally included  in  the  financial
     statements  have  been omitted pursuant to  such  rules  and
     regulations.    It   is  suggested  that   these   financial
     statements be read in conjunction with the Company's  Annual
     Report  for  the fiscal year ended June 28,  1998.   In  the
     opinion  of  management, these financial statements  contain
     all normal recurring adjustments necessary to fairly present
     the  financial results for the twelve weeks ended  April  4,
     1999.   Operating  results  for the  period  shown  are  not
     necessarily indicative of the operating results expected for
     the full fiscal year ending June 27, 1999.

4.   Per  share amounts are based on the weighted average  number
     of   shares  of  common  stock  and  dilutive  common  stock
     equivalents outstanding.

5.   Certain  reclassifications  of previously  reported  amounts
     have been made to conform to current classifications.


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


RESULTS OF OPERATIONS

Sales of Food and Beverages for the 12 weeks ended April 4,  1999
(the   "Current  Quarter")  decreased  6.4%  to  $4,594,000  from
$4,908,000  for the 12 weeks ended April 5, 1998 (the `Comparable
Quarter").   Sales of Food and Beverages for the 40  weeks  ended
April  4,  1999 (the "Current Three Quarters") declined  4.4%  to
$15,539,000 from $16,254,000 for the 40 weeks ended April 5, 1998
(the  "Comparable Three Quarters").  The decrease in the  Current
Quarter  was  primarily  due to having one additional  restaurant
(Pensacola)  in 1998.  Near the end of the Current  Quarter,  the
restaurant  in  Meridian, Mississippi, was  closed.   Restaurants
open throughout the Current and Comparable Quarters declined .7%.

The sales decline in the Current Three Quarters was the result of
one   fewer  restaurant  (Pensacola)  partially  offset  by   the
Meridian,  Mississippi, restaurant which opened in the  preceding
Comparable Quarter.  Restaurants open throughout the Current  and
Comparable Three Quarters declined .5%.

Restaurant  expenses  in the Current Quarter  decreased  by  4.5%
compared  to the Comparable Quarter.  The decrease was  primarily
due  to  the  additional restaurant (Pensacola) in the Comparable
Quarter,  and  a decrease in preopening expenses associated  with
the  opening  of Meridian also in the Comparable Quarter.   These
decreases, however, were offset by increases in cost of sales and
labor  in  restaurants open throughout the Current and Comparable
Quarters.

Restaurant  expenses in the Current Three Quarters increased  2%.
The  decrease associated with Pensacola was more than  offset  by
increases in labor, cost of sales, and advertising.  A summary of
the components of restaurant expenses as a percentage of sales of
food and beverages are:

                                    Current Quarter   Comparable Quarter
     Cost of Sales                       27.34%            26.08%
     Restaurant Labor and Benefits       35.98             33.74
     Other Operating Expenses            16.22             17.64
     Occupancy Expenses                  11.84             11.43
     Preopening Expenses                  0.00              0.67
     Total Restaurant Expenses           91.38%            89.57%

As  a  result  of  the  above  factors,  Income  from  Restaurant
Operations  declined  to  $396,000 in the  Current  Quarter  from
$512,000 in the Comparable Quarter.  Restaurant Operations Income
decreased  to  $757,000  from $1,760,000 for  the  Current  Three
Quarters and the Comparable Three Quarters, respectively.

Net  Royalties  and Franchise Revenues increased  $5,000  in  the
Current Quarter compared to the Comparable Quarter, and increased
$20,000  in the Current Three Quarters compared to the Comparable
Three  Quarters.  These increases are a result of fewer  expenses
associated with supervision of franchised restaurants.

Commissary  and Other Income declined to $23,000 in  the  Current
Quarter from $27,000 in the Comparable Quarter, and to $89,000 in
the  Current Three Quarters from $109,000 in the Comparable Three
Quarters.

Operations  Expenses declined to $229,000 in the Current  Quarter
from  $234,000 in the Comparable Quarter, and to $649,000 in  the
Current  Three  Quarters from $678,000 in  the  Comparable  three
Quarters.   These declines are primarily attributable  to  having
fewer supervisory personnel.

Corporate  Expenses increased to $598,000 in the Current  Quarter
from $361,000 in the Comparable Quarter and to $1,433,000 in  the
Current  Three  Quarters from $1,092,000 in the Comparable  Three
Quarters.    These  increases  are  primarily   the   result   of
approximately  $80,000 in additional legal fees on  non-recurring
items,  a  one time non-cash charge of approximately $70,000  for
abandoned  sites,  and a one time marketing  charge  of  $100,000
primarily associated with television commercial production.

During the Current Quarter, the Company has adjusted the value of
assets  on  impaired properties located in Meridian,  Birmingham,
and  Montgomery  as  per  FASB #121.  These  non-cash  impairment
charges were $1,860,000.  There were no adjustments per FASB #121
in  the Comparable Quarter.  As a result of these charges, future
depreciation expense will be reduced.

Interest  expense  decreased  $16,000  in  the  Current   Quarter
compared  to the Comparable Quarter and decreased $9,000  in  the
Current  Three  Quarters  versus the Comparable  Three  Quarters.
This decrease is attributed to decreased debt.

During the Comparable Three Quarters, the Company entered into  a
new  credit  facility with a commercial lending institution.   In
connection with this refinancing, the Company incurred prepayment
penalties of $166,000 which were reported in the Comparable Three
Quarters as an Extraordinary Loss.

The  Loss Before Extraordinary Loss was $2,356,000 in the Current
Quarter compared to $163,000 in the Comparable Quarter.  The Loss
Before  Extraordinary Loss was $3,373,000 in  the  Current  Three
Quarters  compared to $204,000 in the Comparable Three  Quarters.
These  losses were primarily attributable to the FASB #121 write-
down, additional legal fees, and other items discussed above.


LIQUIDITY AND CAPITAL RESOURCES

Cash  and  Cash Equivalents decreased to $575,000 in the  Current
Quarter  compared  to  $690,000 in the Comparable  Quarter.   The
Current  ratio is .42 at the end of the Current Quarter  compared
to .70 at the end of the Comparable Quarter and to .52 at the end
of the previous Quarter ending January 10, 1999.

As  a  means of improving liquidity, the Company has entered into
an  agreement with its major lender to defer a major  portion  of
the  next six months' debt service payments for a period  of  two
years.   The elimination of the substantial operating  losses  at
the  Meridian location will also improve liquidity going forward.
In  the  First  Quarter  of  the Fiscal  Year,  management  began
implementing  its  Guest Experience Enhancement  Programs,  which
significantly increased restaurant operating expenses, but  which
should  improve guest satisfaction and, therefore,   future  cash
flows.   As  these  programs were rolled  out,  subsequent  price
increases were implemented.  Near the end of the Current Quarter,
the  relationship between menu prices and cost of sales began  to
approach  a more normal relationship resulting in a reduction  in
operating losses.  Management believes that cash flow from future
operating activities will be sufficient to allow it to  meet  its
obligations, however, there is no assurance that these operations
changes will have the intended impact.

Long-term and short-term debt decreased to $3,598,000 at the  end
of  the Current Quarter compared to $3,940,000 at the end of  the
Fiscal  Year  and decreased from $4,406,000 at  the  end  of  the
Comparable Quarter.


IMPACT OF YEAR 2000

The  Company's position on the Year 2000 exposures are  described
in  the  Company's annual report for fiscal year ended  June  28,
1998.   The Company continues to address this issue and does  not
expect  any significant problems or exposures arising  from  this
issue.   There have been no significant changes in this  area  in
the Current Quarter.


FORWARD-LOOKING STATEMENTS

Forward-looking statements regarding management's  present  plans
or  expectations for new unit openings, remodels,  other  capital
expenditures, the financing thereof, and disposition of  impaired
units   involve  risks  and  uncertainties  relative  to   return
expectations  and related allocation of resources,  and  changing
economic or competitive conditions, as well as the negotiation of
agreements  with third parties, which could cause actual  results
to   differ  from  present  plans  or  expectations,   and   such
differences   could  be  material.   Similarly,   forward-looking
statements   regarding  management's  present  expectations   for
operating  results  involve  risk and uncertainties  relative  to
these  and  other factors, such as advertising effectiveness  and
the  ability  to achieve cost reductions, which also would  cause
actual  results  to differ from present plans.  Such  differences
could  be  material.  Management does not expect to  update  such
forward-looking statements continually as conditions change,  and
readers should consider that such statements speak only as to the
date hereof.


Part II-Other Information


ITEM 1.   LEGAL PROCEEDINGS.

          None, except as previously reported.

ITEM 2.   CHANGES IN SECURITIES.

          None

ITEM 3.   DEFAULTS UPON SENIOR SECURITIES.

          None.

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

          None.

ITEM 5.   OTHER INFORMATION.

          None

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

          a.   Exhibits.
               27 - Financial Data Schedule

          b.   Reports on Form 8-K.
               None.


                        INDEX TO EXHIBITS
                                
                                
          The following exhibits are filed with this Quarterly
Report or is incorporated herein by reference:

Exhibit Number           Title
                         
     27                  Financial Data Schedule
                         




                           CUCOS INC.


                            SIGNATURE


          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.


                              CUCOS INC.
                              (Registrant)


                              Vincent J. Liuzza, Jr.


Date:  May 17, 1999        By:
                              Vincent J. Liuzza, Jr.
                              Chairman, Chief Executive Officer,
                              Chief Financial Officer