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 July 31, 1997

                               OR

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

    or 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 __ pages contained in the sequential numbering system.





                 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
July 31, 1997 and the related statements of operations,
shareholders' equity and changes in financial position for the
three month periods ended July 31, 1997 were not audited; however,
the financial statements for the three months periods ending July
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.




September 12, 1995




<TABLE>

                           STEVIA COMPANY, INC.
                               BALANCE SHEET
                                  ASSETS
<CAPTION>
                                               July 31, 1997  April 30, 1997
                                                  Unaudited      Unaudited 
<S>                                            <C>            <C>
CURRENT ASSETS
   Cash                                              821          6,574
   Accounts Receivables-othe                       9,048          9,668
   Inventories                                    25,323         25,323
   Prepaid Expenses                                  422              5   
          Total Current Assets                    35,614         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               (102,737)       (98,902)  
                                                 548,068        551,903   
OTHER ASSETS
  Patents, Net of Amortization                    12,725         13,115
  Investment in Affiliated Company
    (Note 5)                                         -               -     
                                                 596,407        606,588    
                                                ------------  --------------

</TABLE>
<TABLE>
<CAPTION>
                   LIABILITIES AND SHAREHOLDERS' EQUITY
<S>                                              <C>           <C>
CURRENT LIABILITIES
  Accounts Payable                                33,139         43,849
  Notes Payable-Officer
   (Notes 4 and 6)                                 2,588          7,588
  Due to Affiliates (Note 4)                     358,991        349,286
  Accrued Executive Compensation                 124,524        124,524 
  Deferred Rent                                      310            309
  Accrued Expenses                                 9,539          6,597  
          Total Current Liabilities              529,091        532,153  
                                               -----------  --------------
NON-CURRENT LIABILITIES
  Tenant Security Deposit                          3,245          3,245   

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

SHAREHOLDERS' EQUITY (Notes 5, 8 and 9)
  Common Stock, No Par Value, 100,000,000
   Shares Authorized as of April 30, 1997
   and July 31, 1997; Issued 32,195,300
   Shares at April 30, 1997 and July 31, 1997   2,088,001     2,088,001
  Additional Paid in Capital                          100           100
  Accumulated Deficit                          (2,024,030)   (2,016,911)  
                                                   64,071        71,190    
                                                  596,407       606,588   
                                               ------------  -------------- 

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

                            STEVIA COMPANY, INC.

                            STATEMENT OF OPERATIONS

                                  Unaudited

<CAPTION>
  
                                       Three Months Ended July 31,         
                                            1997           1996     
<S>                                    <C>              <C>
REVENUES
  Sales                                        -              - 

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

OPERATING EXPENSES
  Marketing                                    -                28
  Research and Development                     390             390  
  General and Administrative                13,178          13,350         
                                            13,568          13,768      
Loss From Operations                       (13,568)        (13,768)  

OTHER INCOME AND (EXPENSE)
  Rental Income                              6,449           5,954         
                                             6,449           5,954     
NET LOSS                                    (7,119)        ( 7,814)   
                                       -------------   --------------
NET LOSS PER COMMON SHARE
    (Note 8)                                 (.001)          (.001) 
                   
WEIGHTED AVERAGE COMMON
SHARES OUTSTANDING                      32,195,300      32,195,300  
                                       -------------   --------------






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

</TABLE>
<TABLE>
                              STEVIA COMPANY, INC.

                   STATEMENT OF CHANGES IN FINANCIAL POSITION

                                    Unaudited
   
<CAPTION>
                                                  Three Months Ended July 31,
                                                      1997           1996  
<S>                                              <C>            <C>
OPERATING ACTIVITIES:
  Net Loss                                        (   7,119)      (   7,814)
  Adjustments to Reconcile Net (Loss) to Net
   Cash Used by Operating Activities:
    Depreciation and Amortization                     4,225           4,225
  Changes in Operating Assets and Liabilities:
    (Increase) Decrease in Receivables                  620             -
    (Increase) Decrease in Inventories
     and Prepaid Expenses                          (    417)       (    449)
  Increase (Decrease) in Accounts Payable and
      Accrued Expenses                             (  7,767)          3,850
  Increase (Decrease) in Due to Affiliates
    (Note 4)                                          9,705            4,707
   Net Cash Provided (Used) by Operating
   Activities                                      (    753)           4,519 

INVESTING ACTIVITIES:
  (Increased) Decrease in Furniture
          and Equipment                                  -         (     15)
  Net Cash Provided (Used) by
    Investing Activities                                 -         (     15) 

FINANCING ACTIVITIES:
  Proceeds From (Repayments of) Notes (Note 7)    (   5,000)           -   
   Net Cash Provided (Used) by Financing
    Activities                                    (   5,000)           -   

Increase (Decrease) in Cash and
  Cash Equivalents                                    5,753            4,504
Cash and Cash Equivalents at
  Beginning of Period                                 6,574            1,431
Cash and Cash Equivalents at End of Period              821            5,935
                                                --------------   ------------

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

</TABLE>
<TABLE>
                              STEVIA COMPANY, INC.

                        STATEMENT OF SHAREHOLDERS' EQUITY

                        THREE MONTHS ENDED JULY 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)       -          -           -       (    7,119)  (  7,119)

BALANCE,
  July 31, 1997    32,195,300   2,088,001     100      (2,024,030)    64,071 






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:

                                   July 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) acquired by the Company.  The net
     price for construction of the building was $483,200.  The







                      STEVIA COMPANY, INC.

                 NOTES TO FINANCIAL STATEMENTS 

3.   (Continued)

     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 13.

     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. 

4.   Related Party Transactions:

     The Company was indebted to affiliated companies as follows:

                                        July 31,       April 30,
                                          1997           1997   
     F.K. Suzuki International, Inc.    $  70,412      $  70,412
     Biosynergy, Inc.                   $ 288,579      $ 278,874
               Totals                   $ 358,991      $ 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 11, 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
     has not been able to reimburse Biosynergy, Inc. on a regular
     basis which has resulted in a net payable of $288,579 at
     July 31, 1996 as compared to a net payable of $278,874 at
     April 30, 1996.

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

                      STEVIA COMPANY, INC.

                  NOTES TO FINANCIAL STATEMENTS


4.   (Continued)
               
                              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 has 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 payment of the
     Company's share of the costs, including legal fees, of
     settling a lawsuit.  On October 10, 1994, Mr. Suzuki loaned
     $5,000 to the Company for payment of real estate taxes on
     the Company's facility in Pueblo, Colorado.  See Note 7.

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, 1996, is in the name of
     Biosynergy, Inc.  The total annual base rent for these
     premises is $62,574.36 for the lease year ending January 31,
     1996.  The Company's portion is $9,386.15.


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.  The principal balance due at July 31, 1997 is
          $2,588.


7.   Shareholders' Equity:

     The authorized capital stock of Stevia Company is one
     hundred million (100,000,000) shares of no par value Common
     Stock and one hundred thousand (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 their issuance, subject to
     limitations set forth in the amended articles of
     incorporation.  As of April 30, 1997 and July 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
  
                     STEVIA COMPANY, INC.

                  NOTES TO FINANCIAL STATEMENTS

7.   (Continued)

     April 30, 1991.  These options may be exercised until one
     year after the respective optionee receives all 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 July 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
     July 31, 1997.  The option provides for adjustments to
     prevent dilution in the event of capital reorganizations.

8.   Income (Loss) per share:

     Net income (loss) per share is computed based on the
     weighted average number of shares of 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 International,
     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.
     There was no fee incurred during the three month period
     ending July 31, 1997.




                     STEVIA COMPANY, INC.

                  NOTES TO FINANCIAL STATEMENTS                  


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 is contingent upon the
     Company obtaining financing so it can 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 main 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 

                           STEVIA COMPANY, INC.

                       NOTES TO FINANCIAL STATEMENTS

11.  (Continued)

     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 forthcoming.

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.


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

SALES/REVENUES

     The Company had no sales during the quarter ending July 31, 1997 ("1st
Quarter").  The Company did not produce rebaudioside A or other products on
a commercial basis during the 1st 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.

     During the quarter ending July 31, 1997, the Company realized rental
income of $6.449 from leasing its Pueblo, Colorado facility as a result of
a three-year lease to an unaffiliated third party.  This lease grants the
tenant first right of refusal upon the sale of other disposition of the
Pueblo facility and provides for two one-year options.  The lease provides
for rent of $19,743 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.

COSTS AND EXPENSES

     The overall operating expenses of the Company decreased by $200 during
the 1st Quarter as compared to the same quarter 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 $7,119 in the 1st Quarter as
compared to a net loss of $7,814 in the comparative quarter 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 12 to the Financial Statements for the 1st Quarter.  See
"FINANCIAL STATEMENTS."

ASSETS/LIABILITY RATIO

     The ratio of current assets to current liabilities (.07 to 1) is not
acceptable taking into consideration the Company's cash flow position.  The
Company's current assets consist primarily 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 can be used for growing more leaves.  See
"LIQUIDITY AND CAPITAL RESOURCES" below.


LIQUIDITY AND CAPITAL RESOURCES

     The Company's net working capital decreased by $2,894 during the 1st
Quarter.  The Company's negative net working capital is due to the
continuing losses of the Company.  The Company had $821 in cash and $9,048 in
receivables at July 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 $288,579 as of July 31, 1997.
The amounts due to BSI reflect on-going transactions in the ordinary course
of business and do not represent any extraordinary transactions.  Expenses
include rent, salary for common employees and related benefits, payroll
overhead, utilities, and certain legal expenses.  Management of the Company
believes it is more economical to share these expenses with BSI, and will
likely 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 lesee of the facility has exercised its option to extend the
lease for the final option year.  However, the lessee is in default in the
payment of rent and other charges under the lease, and there can be no
assurance such defaults will be cured and the lease continued.

     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 July 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 5 of the "FINANCIAL STATEMENTS."

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

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

          (c)  Installment Promissory Note dated October 10, 1994,         
               payable to Fred K. Suzuki in the amount of $5,000. (iv)

          (d)  Installment Promissory Note dated October 10, 1994, payable
               to Laurence C. Mead in the amount of $3,000. (iv)

     (15) Letter dated September 16, 1997, regarding interim financial
          information. (v)

     (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.

                        
       [FN]
          (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, 1994 filed with the Securities and Exchange
               Commission.

          (iv) Incorporated by reference to Form 10K for Fiscal Year Ending
               April 30, 1995 filed with the Securities and Exchange
               Commission.



                                 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 September ___,1997                 /s/ FRED K. SUZUKI /s/             
                                        ---------------------------------
                                        Fred K. Suzuki
                                        President, Chairman of the Board,  
                                        Chief Accounting Officer and       
                                        Treasurer

Date September ___,1997                 /s/ LAUANE C. ADDIS /s/            
                                        --------------------------------
                                        Lauane C. Addis
                                        Secretary, Corporate Counsel and
                                        Director


<PAGE>
  ___________________________________________________________________________



                    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 July 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) 956-0471
          (Address and telephone number of registrant's  principal         
  
               executive office on a principal place of business)

                  __________________________________

                                EXHIBITS

 ___________________________________________________________________________
 ___________________________________________________________________________

<PAGE>


                                  EXHIBIT INDEX 
                                  _____________


                                                            Page Number
                                                            Pursuant to
                                                            Sequential
     Exhibit                                                Numbering
     Number         Exhibit                                 System  
     ___________    _______                                 __________

     27             Financial Data Schedule                   E-1




<PAGE>