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 6, 1997

                               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
post  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:
2,113,747  shares of common stock, no par value, as  of  May  11,
1997.

Transitional Small Business Disclosure Format (check one):

Yes [   ] No [ X ]

Part I--Financial Information
ITEM I.  FINANCIAL STATEMENTS
<TABLE>
                           CUCOS INC.
                         BALANCE SHEETS
<CAPTION>
                                
                                                            April 6, 1997    June 30, 1996
                                                                UNAUDITED               
<S>
Asets                                                        <C>            <C>              
Current Assets                                                                          
     Cash and Cash Equivalents                                 $  546,018     $  781,090
     Receivables:                                                                       
       Trade, Net                                                 230,510        227,029
       Due from affiliates                                        313,928        306,793
       Notes receivable from franchisees                           15,536         15,536
                                                                  559,974        549,358
                                                                                        
     Inventories                                                  248,757        244,589
     Prepaids, deferred taxes and other current assets            481,119        348,834
       TOTAL CURRENT ASSETS                                     1,835,868      1,923,871
                                                                                        
Deferred Taxes and Noncurrent Receivables                         341,395        322,508
                                                                                        
Property, Equipment and Other                                                           
     Land                                                         327,000        327,000
     Property and equipment                                     5,044,083      4,896,737
     Building and leasehold improvements                        5,429,296      5,183,624
     Reacquired franchise rights                                  528,896        528,896
                                                               11,329,275     10,936,257
     Less accumulated depreciation and amortization             5,305,720      4,561,795
                                                                6,023,555      6,374,462
                                                                                        
Preopening cost less accumulated amortization                           -         96,519
Investment in LaMexiCo, L.L.C.                                    245,954        245,178
Deferred Cost, less accumulated amortization                                            
                                                                  103,610         82,102
                                                               $8,550,382     $9,044,640
Liabilities and Shareholders' Equity                                                    
Current Liabilities                                                                     
     Short-term debt payable to banks                            $150,000       $ 93,000
     Trade accounts payable                                     1,555,002      1,477,670
     Accrued expenses and other                                   521,102        544,119
     Accrued payroll                                              198,838        200,606
     Current portion of long-term debt                          1,009,917        968,396
       TOTAL CURRENT LIABILITIES                                3,434,859      3,283,791
Long-Term Debt, less current portion                            2,354,882      2,934,051
Convertible Debentures - Non-Interest Bearing                     500,000        500,000
Deferred Revenue                                                   42,560         62,500
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, 2,113,747 shares issued and                                          
       outstanding at April 6, 1997, and June 30, 1996          4,745,585      4,745,585
     Additional paid-in capital                                    67,849         67,849
     Retained earnings (deficit)                               (2,595,353)    (2,549,136)
       TOTAL SHAREHOLDERS' EQUITY                               2,218,081      2,264,298
                                                               $8,550,382     $9,044,640
</TABLE>

See Notes to Financial Statements

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

                                                     12 Weeks       12 Weeks       40 Weeks       40 Weeks
                                                       Ended          Ended          Ended          Ended
                                                   Apr. 6, 1997   Apr. 7, 1996   Apr. 6, 1997   Apr. 7, 1996
<S>                                                <C>            <C>            <C>            <C>
REVENUES:                                                                                                   
 Sales of Food and Beverages                         $4,854,949     $4,914,027    $15,954,708    $15,748,100
 Franchise Fees and Royalties                            71,368         25,263        131,564        126,130
 Commissary, Rent and Other Income                      131,355         65,681        409,686        239,769
 TOTAL REVENUES                                       5,057,672      5,004,971     16,495,958     16,113,999
                                                                                                            
COST AND EXPENSES:                                                                                          
 Cost of Sales                                        1,303,526      1,314,562      4,364,909      4,216,325
 Restaurant Labor and Benefits                        1,589,641      1,653,454      5,254,331      5,234,472
 Other Operating Expenses                               684,707        686,391      2,436,388      2,480,159
 Occupancy Costs                                        505,963        495,263      1,684,568      1,614,784
 Preopening Costs                                        28,955              -         96,519              -
 TOTAL RESTAURANT EXPENSES                            4,112,792      4,149,670     13,836,715     13,545,740
                                                                                                            
 Operations and Franchise Expenses                      438,849        417,866      1,232,719      1,136,194
 Corporate Expenses                                     363,223        341,070      1,142,937      1,107,145
 Interest Expense                                        96,460         92,527        329,802        312,018
                                                                                                            
Income (Loss)  Before Income Taxes                       46,348          3,838       (46,215)         12,902
                                                                                                            
Income Taxes                                                                                                
                                                              -              -              -              -
                                                                                                            
NET INCOME (LOSS)                                   $    46,348   $      3,838   $   (46,215)   $     12,902
                                                                                                            
Weighted Average Shares and Common Share                                                                    
Equivalents Outstanding                               2,641,730      2,641,730      2,641,730      2,641,730
                                                                                                            
INCOME (LOSS) PER SHARE                                   $0.02           $.--        ($0.02)           $.--
</TABLE>

See Notes to Financial Statements


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

                                                                  40 Weeks            40 Weeks
                                                                     Ended               Ended
                                                                April 6, 1997       April 7, 1996
<S>                                                             <C>                 <C>

NET CASH PROVIDED BY OPERATING ACTIVITIES                             663,046             826,809
                                                                                                 
INVESTING ACTIVITIES                                                                             
 Purchases of Property and Equipment                                 (393,018)           (810,071)
 Proceeds From Sale of Assets                                               -               3,600
 Net Additions to Deferred Costs                                      (24,452)           (181,838)
                                                                                                 
NET CASH USED IN INVESTING ACTIVITIES                                (417,470)           (988,309)
                                                                                                 
FINANCING ACTIVITIES                                                                             
 Proceeds from Borrowings                                           1,387,371           1,096,437
 Principal Payments on Borrowings                                  (1,868,019)           (919,300)
                                                                                                 
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES                 (480,648)             177,137
                                                                                                 
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                    (235,072)              15,637
                                                                                                 
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                      781,090             566,740
                                                                                                 
CASH AND CASH EQUIVALENTS AT END OF PERIOD                        $   546,018          $  582,377
</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  6,
     1997, fifteen Company-owned restaurants and seven franchised
     restaurants were in operation.  At the end of the Comparable
     Quarter,   there   were  sixteen  company-owned   and   four
     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  1997 will end on June 29, 1997, and will consist  of
     one  sixteen-week quarter ending October 20, 1996, and three
     twelve-week quarters ending January 12, 1997, and  April  6,
     1997,  and June 29, 1997.  Fiscal 1996 and fiscal  1997  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 30,  1996.   In  the
     opinion  of  management, these financial statements  contain
     all normal recurring adjustments necessary to fairly present
     the  financial  results for the forty weeks ended  April  6,
     1997.   Operating  results  for the  period  shown  are  not
     necessarily indicative of the operating results expected for
     the full fiscal year ending June 29, 1997.

4.   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

Revenues  increased  for the 12 weeks ended April  6,  1997  (the
"Current Quarter"), and for the 40 weeks ended April 6, 1997 (the
"Current   Three   Quarters").   Revenues  increased   1.05%   to
$5,057,672, from $5,004,971 for the twelve weeks ended  April  7,
1996  (the "Comparable Quarter").  Revenues for the Current Three
Quarters increased 2.37% to $16,495,958 from $16,113,999 for  the
40  weeks  ended April 7, 1996 (the "Comparable Three Quarters").
Net  Income  was $46,348 ($.02 per share) in the Current  Quarter
compared  to  Net  Income  of $3,838  ($.00  per  share)  in  the
Comparable Quarter.  Net Loss for the Current Three Quarters  was
$46,215 ($.02 per share) compared to Net Income of $12,902  ($.00
per share) in the Comparable Three Quarters.

Sales of Food and Beverages for the Current Quarter decreased  to
$4,854,949,  down  1.20%, from $4,914,027 during  the  Comparable
Quarter.  There were 15 company-owned restaurants open during the
Current  Quarter  compared to sixteen in the Comparable  Quarter.
Restaurant  level  profits declined to $742,157  in  the  Current
Quarter from $764,357 in the Comparable Quarter, primarily due to
amortization of preopening expenses associated with a new company-
owned restaurant in Northern Louisiana.

Sales  of  Food  and  Beverages for the  Current  Three  Quarters
increased 1.31% to $15,954,708 from $15,748,100 in the Comparable
Three  Quarters.   This increase is primarily  due  to  increased
sales  at a recently remodeled restaurant and sales from the  new
company-owned restaurant, both in Northern Louisiana  which  were
partially  offset by the reduction in the number of company-owned
restaurants.  Future sales of food and beverage will be adversely
affected  as  a  result  of  negative  publicity  concerning  the
Company's Pensacola, Florida, restaurant.  Subsequent to the  end
of  the Third Quarter, this restaurant was temporarily closed  by
the  Department  of Business and Professional Regulation  of  the
State of Florida as a result of several code violations which the
Department  claimed  to have found during an  inspection  of  the
restaurant.   The  Company  took prompt  action  to  correct  the
claimed  violations and the restaurant was reopened for  business
within  24 hours. As a result of negative publicity in the  local
area  generated by this event, sales at this restaurant  declined
and  this  will adversely affect the Company's sales and profits.
The  Company  is  in  the process of implementing  a  program  to
generate customer traffic at the Pensacola restaurant in order to
rebuild  sales  to  their prior levels.   The  Company  does  not
believe  that this event will adversely effect the sales  at  its
other  restaurants outside of the Pensacola market.    Restaurant
level  profits for the Current Three Quarters decreased 3.83%  to
$2,117,993  compared  to  $2,202,360  in  the  Comparable   Three
Quarters  due to the preopening expenses noted above  and  higher
cost of sales.

Franchise Fees and Royalties increased to $71,368 from $25,263 in
the  Comparable Quarter.  There were seven franchised restaurants
in  operation at the end of the Current Quarter compared to  four
franchised  restaurants in operation at the end of the Comparable
Quarter.  This increase results from license and development fees
related  to one franchised restaurant opening during the  Current
Quarter compared to no new franchised restaurants opening  during
the Comparable Quarter.

Franchise  Fees  and  Royalties for the  Current  Three  Quarters
increased  to  $131,564  from $126,130 in  the  Comparable  Three
Quarters  primarily due to the new franchised restaurant  in  Des
Moines,  Iowa.   License and Development fees  were  $25,000  and
$10,000  respectively in the Current Three Quarters  compared  to
$10,000  of  Development Fees in the Comparable  Three  Quarters.
This  increase  was  partially  offset  by  the  closing  of  two
franchised restaurants which were operating during the Comparable
Three Quarters.

Commissary,  Rent and Other Income increased to $131,355  in  the
Current  Quarter from $65,681 in the Comparable Quarter primarily
due  to  increased rental income.  Rental Income is derived  from
five subleased properties in the Current Quarter compared to  two
properties  in  the  Comparable Quarter.  Commissary,  Rent,  and
Other  Income increased to $409,686 in the Current Three Quarters
compared  to  $239,769 in the Comparable Three Quarters  for  the
reasons noted above.

Total  Restaurant Expenses decreased .89% to  $4,112,792  in  the
Current   Quarter  from  $4,149,670  in  the  Comparable  Quarter
primarily  due  to lower labor costs.   A brief  summary  of  the
various  components  of Restaurant Expenses  as  they  relate  to
Restaurant  Sales for the Current Quarter versus  the  Comparable
Quarter follows:

                                     Current     Comparable
     Description                     Quarter       Quarter
                                                
     Cost of Sales                    26.85%       26.75%
     Restaurant Labor and             32.74        33.65
     Benefits
     Other Operating Expenses         14.10        13.97
     Occupancy Costs                  10.42        10.08
     Preopening Costs                   .60          .--
     Total Restaurant Expenses        84.71%       84.45%

Cost  of sales, as a percent of sales of food and beverages,  was
virtually  the  same  as  the  prior  year.    Restaurant   Labor
decreased  in  the Current Quarter primarily due to higher  costs
incurred  in  the  Comparable Quarter related to  opening  a  new
company-owned restaurant. Other operating expenses which  include
utilities, advertising, etc. were higher than the prior year  due
to  higher television advertising.  Occupancy costs increased  in
both  absolute terms and as a percent of sales primarily  due  to
additional  depreciation and amortization expense  for  equipment
and  leasehold  improvements related to a recent remodeling.   In
addition,  preopening amortization expense was incurred  for  the
newest company-owned restaurant.

Total Restaurant Expenses increased 2.15% to  $13,836,715 in  the
Current  Three Quarters from $13,545,740 in the Comparable  Three
Quarters  primarily due to preopening amortization  expenses.   A
brief summary of the various components of Restaurant Expenses as
they  relate  to Restaurant Sales for the Current Three  Quarters
versus the Comparable Three Quarters follows:

                                     Current     Comparable
     Description                      Three         Three
                                     Quarters     Quarters
                                                
     Cost of Sales                    27.36%       26.77%
     Restaurant Labor and             32.93        33.24
     Benefits
     Other Operating Expenses         15.27        15.75
     Occupancy Costs                  10.56        10.25
     Preopening Costs                   .60          .--
     Total Restaurant Expenses        86.72%       86.01%

Cost of sales increased primarily due to higher cost of sales  in
the  Current Three Quarters.  Labor declined for the reason noted
above.   Other Operating Expenses declined due to lower level  of
advertising  costs.  Occupancy and Preopening Expenses  increased
in  the  Current  Three Quarters for the same  reasons  discussed
above.

Operations  and  Franchise  Expenses  for  the  Current   Quarter
increased  to  $438,849  in  the Current  Quarter  from  $417,866
recorded  in the Comparable Quarter.  This increase is  primarily
due  to  costs incurred to open the new franchised restaurant  in
Iowa.

Operations and franchise expenses increased to $1,232,719 in  the
Current  Three Quarters from $1,136,194 for the Comparable  Three
Quarters  primarily  due  to  costs  incurred  to  open  the  new
franchised  restaurant  noted above.  In addition,  costs  for  a
company-owned  restaurant  subleased  to  a  franchisee  at   the
beginning  of  the  Current  Three  Quarters  were  incurred   as
restaurant expenses in the Comparable Three Quarters.

Corporate Expenses for the Current Quarter increased by  6.5%  to
$363,223 from $341,070 in the Comparable Quarter primarily due to
declining   restaurant   construction  activity   and   increased
officers'  salaries.  Corporate Expenses for  the  Current  Three
Quarters  increased 3.23% to $1,142,937 from  $1,107,145  in  the
Comparable Three Quarters due to the same factors.

Interest  Expense  for the Current Quarter increased  to  $96,460
from  $92,527 in the Comparable Quarter primarily due to a higher
effective  interest  rate  on debt.   Interest  Expense  for  the
Current Three Quarters was $329,802 compared to $312,018  in  the
Comparable Three Quarters for the same reason.


LIQUIDITY AND CAPITAL RESOURCES

At  April  6, 1997, the Company had cash and cash equivalents  of
$546,018  compared  to $781,090 at the end  of  fiscal  1996  and
$582,377 at the end of the Comparable Quarter.

The  current  ratio  was .53 at the end of  the  Current  Quarter
compared to .59 at the end of fiscal 1996 and .61 at the  end  of
the Comparable Quarter.

The  Company  expects  to  complete the long  term  financing  of
$160,000   of   expenditures  associated  with   the   Alexandria
remodeling by year end.

Long-term Debt decreased to $2,354,882 at the end of the  Current
Quarter compared to $2,934,051 at the end of the fiscal year  and
decreased  from $2,721,301 at the end of the Comparable  Quarter.
The  long-term debt/equity ratio decreased to 1.06 to 1.00 in the
Current Quarter from 1.30 to 1.00 at the end of the fiscal  year.
This ratio was 1.20 to 1.00 at the end of the Comparable Quarter.

In  order to provide funds to open new restaurants and to improve
short-term liquidity, the Company is considering opportunities to
refinance its long-term debt.

Since  its inception in 1981, the Company's principal sources  of
capital  have been the funds provided by operations,  funds  from
offerings   of   common  stock,  and  proceeds   from   long-term
borrowings.   The  Company's capital budget for normal  recurring
equipment replacement and refurbishing is approximately $325,000,
annually.

To  fund  expansion  and major remodels of its  restaurants,  the
Company  will  rely  primarily  on  landlord  financing  and  the
issuance  of  long-term debt in the form of  long-term  notes  or
capital leases.

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 exhibit is 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 14, 1997           By:
                                   Vincent J. Liuzza, Jr.
                                   Chairman, Chief Executive Officer,
                                   Chief Financial Officer