U. S. SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C. 20549

                           FORM 10-QSB

     (X)  REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
          ACT OF 1934

          For the quarterly period ended September 30, 1998


               Commission file number: 33-55254-46

              AMERICAN SPORTS HISTORY INCORPORATED
(Exact name of small business issuer as specified in its charter)

                  Nevada                             87-0485307
      (State or other jurisdiction of             (I.R.S. Employer
       incorporation or organization)          Identification Number)

        21 Maple Avenue, Bay Shore, New York  11706-8752
            (Address of principal executive offices)

                         (516) 206-2674
         Issuer's telephone number, including area code

         18-I Heritage Drive, Chatham, New Jersey 07928
            (Former name, former address and former
           fiscal year, if changed since last report)

     Check  whether the issuer (1) 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 (   )                  No ( X )

     As of July 13, 1999, the issuer had 10,466,026 shares of its
     common stock issued and outstanding or to be issued.

Transitional Small Business Disclosure Format:    Yes (   ) No ( X )

<PAGE>

      AMERICAN SPORTS HISTORY INCORPORATED AND SUBSIDIARIES
                  (A Development Stage Company)

                FORM 10-QSB - SEPTEMBER 30, 1998







                              INDEX


PART I - FINANCIAL INFORMATION

   ITEM 1 - FINANCIAL STATEMENTS

   CONDENSED CONSOLIDATED BALANCE SHEETS
     September 30, 1998 and December 31, 1997                                1

   CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
     For the three and nine months ended September 30, 1998 and 1997
     and cumulative from May 1, 1995                                         2

   CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
     For the nine months ended September 30, 1998 and 1997
     and cumulative from May 1, 1995                                         3

   NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS                 4 - 11

   ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION  12 - 13


PART II - OTHER INFORMATION

   ITEM 1 - LEGAL PROCEEDINGS                                               14

   ITEM 2 - CHANGES IN SECURITIES AND USE OF PROCEEDS                       14

   ITEM 3 - DEFAULTS UPON SENIOR SECURITIES                                 14

   ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS             14

   ITEM 5 - OTHER INFORMATION                                               14

   ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K                                14


SIGNATURES                                                                  15

<PAGE>

PART I - FINANCIAL INFORMATION

ITEM 1 - FINANCIAL STATEMENTS

      AMERICAN SPORTS HISTORY INCORPORATED AND SUBSIDIARIES
                  (A Development Stage Company)

              CONDENSED CONSOLIDATED BALANCE SHEETS
                           (Unaudited)


                                                     September 30,  December 31,
                                                         1998           1997
                                                      (Unaudited)
ASSETS

Current assets
  Cash                                                $     4,207  $         7

     Total current assets                                   4,207            7

Other assets                                               53,560       35,000

                                                      $    57,767  $    35,007


LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities
  Accounts payable and accrued expenses               $   348,149  $   350,315
  Due to officer                                          344,541      324,299
  Loans from stockholder                                   92,556       83,376
  Notes payable and accrued interest                       70,613       23,400
  Liability from settlement of lawsuit                    106,000      122,500

     Total current liabilities                            961,859      903,890

Liability from settlement of lawsuit                       50,000            -

     Total liabilities                                  1,011,859      903,890

Commitments and contingencies

Stockholders' deficit
  Common stock, $.01 par value; 25,000,000 shares
    authorized, issued and outstanding - 9,096,026
    shares at September 30, 1998 and 2,770,826
    shares at December 31, 1997                            90,960       27,708
  Additional paid-in capital                            1,509,805    1,260,263
  Accumulated deficit ($2,470,460 accumulated
    during the development stage)                      (2,544,857)  (2,156,854)

     Total stockholders' deficit                         (954,092)    (868,883)

                                                      $    57,767  $    35,007

See notes to condensed consolidated financial statements.

                                     1
<PAGE>

      AMERICAN SPORTS HISTORY INCORPORATED AND SUBSIDIARIES
                  (A Development Stage Company)

         CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                           (Unaudited)


                         Three months ended    Nine months ended     Cumulative
                            September 30,         September 30,         from
                                                                       May 1,
                           1998       1997       1998       1997        1995

Revenue
  Interest income       $      24  $       -  $      25  $       -  $       493

Expenses
  General and
   Administrative         204,310     58,458    342,028    177,527    2,211,597
  Lawsuit settlements      56,000          -     56,000          -      178,500
  Write-off of advances
   For terminated
   Acquisition                  -          -          -          -       80,856

                          260,310     58,458    398,028    177,527    2,470,953

Net loss                $(260,286) $ (58,458) $(398,003) $(177,527) $(2,470,460)

Basic and diluted
  net loss per share    $  (0.03)  $   (0.03) $  (0.06)  $   (0.09)

Weighted average number
  of common shares
  outstanding            8,807,062  1,770,826  6,975,708  1,895,826


See notes to condensed consolidated financial statements.

                              2

      AMERICAN SPORTS HISTORY INCORPORATED AND SUBSIDIARIES
                  (A Development Stage Company)

         CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                           (Unaudited)



                                     Nine months ended September 30,  Cumulative
                                                                     from May 1,
                                             1998         1997          1995
INCREASE (DECREASE) IN CASH

Cash flows from operating activities
   Net loss                               $(398,003)   $(177,527)   $(2,470,460)
 Adjustments to reconcile net loss to
  net cash used in operating activities
    Write-off of prepaid royalty                  -            -       137,500
    Common stock issued for services        216,794       57,500       757,302

  Changes in assets and liabilities
   Prepaid taxes                                  -            -         3,442
   Other assets                              (3,560)           -        (8,560)
   Liability from settlement of lawsuits     56,000            -       178,500
   Accounts payable and
     Accrued expenses                        35,580       (7,422)      281,795
   Due to officers                           20,242      104,497       344,541
   Accrued interest                          10,967            -        10,967

    Net cash used in operating activities   (61,980)     (22,952)     (764,973)

Cash flows from financing activities
 Proceeds from issuance of notes                  -            -        23,400
 Loans from stockholder                       9,180       22,957        92,556
 Issuance of common stock                    57,000            -       630,964
 Liability from sale of common
  Stock rescinded                                 -            -        22,260

 Net cash provided by financing
  Activities                                 66,180       22,957       769,180

Net increase in cash                          4,200            5         4,207

Cash, beginning of period                         7            8             -

Cash, end of period                       $   4,207     $     13      $  4,207


SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES

   Goodwill acquired in common stock purchase of Sunset
    Interactive Network, Inc.                                        $  15,000
   Common stock issued for partial payment of lawsuit liability      $  22,500
   Common stock issued for repayment of note payable                 $   1,500


See notes to condensed consolidated financial statements.

                               3

<PAGE>

      AMERICAN SPORTS HISTORY INCORPORATED AND SUBSIDIARIES
                  (A Development Stage Company)

      NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                           (Unaudited)

     THREE AND NINE MONTHS ENDED SEPTEMBER 30, 1998 AND 1997



1    Basis of presentation and management's plan

     The  Company  was  incorporated in the State  of  Nevada  on
     August   9,  1990  as  National  Logistics,  Inc.   National
     Logistics, Inc. changed its name to Fans Holdings,  Inc.  on
     June  30, 1995, and subsequently to American Sports  History
     Incorporated  ("AMSH"  or the "Company")  on  September  20,
     1995.  On August 21, 1995, AMSH acquired 100% of the capital
     stock of Infinet, Inc. ("Infinet"). For accounting purposes,
     the  acquisition of Infinet by AMSH has been  treated  as  a
     recapitalization of Infinet, with Infinet  as  the  acquirer
     (reverse  acquisition).  AMSH had no  assets  or  operations
     prior to May 1995. The historical financial statements prior
     to  August  21,  1995  are those of  Infinet.  Although  the
     Company has incurred a significant amount of start-up costs,
     since  the  Company  has  not  generated  any  revenue  from
     operations,  it is still considered to be in the development
     stage.

     The  Company incurred a net loss of $398,003 for the  nine
     months ended September 30, 1998, resulting in an accumulated
     deficit  of  $2,544,857.  Management  of  the  Company  is
     developing a business plan summarizing its strategy for  the
     next  several  years. This plan is now focused on  providing
     U.S. sports and educational content utilizing all  available
     technologies of the Internet, media, advanced telecommunications
     and storage technologies.  Under this plan, significant cash
     will be required  through December 1999 to pay off current debt
     and fund its implementation.  The intention is to raise capital
     through  the  sale of its equity securities and/or  to  seek
     outside  private  sources of financing.  In connection  with
     this, the Company has issued approximately $550,000 in  non-
     interest bearing demand promissory notes to various parties,
     including  officers of the Company, in the first and  second
     quarters  of  1999.  Significant  additional  cash  will  be
     required.

     There  can  be  no  assurances  that  the  Company  will  be
     successful  in  its  attempts to  raise  sufficient  capital
     essential  to  its survival. To the extent  the  Company  is
     unable to raise the necessary operating capital, it will not
     be  able to implement its business plan, and it will  become
     necessary to curtail or cease operations. Additionally, even
     if  the  Company  does raise sufficient  operating  capital,
     there  can  be no assurances that the net proceeds  will  be
     sufficient enough to enable it to develop its business to  a
     level  where  it will generate profits and cash  flows  from
     operations.

     These  matters  raise substantial doubt about the  Company's
     ability  to  continue  as  a  going  concern.  However,  the
     accompanying  condensed  consolidated  financial  statements
     have   been  prepared  on  a  going  concern  basis,   which
     contemplates  the realization of assets and satisfaction  of
     liabilities in the normal course of business. The  financial
     statements  do not include any adjustments relating  to  the
     recoverability  of the recorded assets or the classification
     of  the  liabilities  that  might be  necessary  should  the
     Company be unable to continue as a going concern.

2    Significant accounting policies

     Interim financial information

     The condensed consolidated balance sheet as of September 30,
     1998 and the condensed consolidated statements of operations
     and cash flows for the three and nine months ended September
     30, 1998 and 1997 and cumulative from May 1, 1995, have been
     prepared  by  the  Company  without  audit.  These   interim
     financial statements include all adjustments, consisting

                               4

<PAGE>

2    Significant accounting policies (continued)

     Interim financial information (continued)

     only   of   normal  recurring  accruals,  which   management
     considers necessary for a fair presentation of the financial
     statements  for the above periods. The results of operations
     for  the  nine  months ended September  30,  1998,  are  not
     necessarily  indicative of results that may be expected  for
     the full year.

     These condensed consolidated financial statements should  be
     read   in   conjunction  with  the  consolidated   financial
     statements and notes thereto for the year ended December 31,
     1997.   The  accounting  policies  used  in  preparing   the
     condensed  consolidated financial statements are  consistent
     with  those  described in the December 31, 1997 consolidated
     financial statements.

     Principles of consolidation

     The  consolidated financial statements include the  accounts
     of  the  Company  and  its  wholly-owned  subsidiaries.  All
     significant intercompany transactions and balances have been
     eliminated in consolidation.

     Common stock split

     On  May  15,  1997, the Board of Directors  of  the  Company
     authorized a 1 for 10 reverse stock split. As of that  date,
     the total number of common shares issued and outstanding was
     reduced  from 13,958,262 (no stock was issued by the Company
     between January 1, 1997 and May 15, 1997) to 1,395,826,  and
     related  par  value was increased to $.01 per  common  share
     from $.001 per common share.

     All  references to the number of common shares and per share
     amounts   in   the  condensed  consolidated  statements   of
     operations and notes to the condensed consolidated financial
     statements have been restated to reflect the effect  of  the
     split for all periods presented.

     Stock options

     Statement  of  Financial  Accounting  Standards   No.   123,
     "Accounting  for  Stock-Based  Compensation"  ("SFAS   123")
     establishes  a  fair value-based method  of  accounting  for
     stock  compensation plans. The Company has chosen  to  adopt
     the  disclosure  requirements of SFAS 123  and  continue  to
     record  stock  compensation for its employees in  accordance
     with Accounting Principles Board Opinion No. 25, "Accounting
     for  Stock  Issued to Employees" ("APB 25"). Under  APB  25,
     charges  are  made  to  operations in accounting  for  stock
     options granted to employees when the option exercise prices
     are  below the fair market value of the common stock at  the
     grant  date.  Options granted to non-employees are  recorded
     in accordance with SFAS 123.

                                 5

<PAGE>

2    Significant accounting policies (continued)

     Use of estimates

     In  preparing condensed consolidated financial statements in
     conformity  with  generally accepted accounting  principles,
     management  makes estimates and assumptions that affect  the
     reported  amounts of assets and liabilities and  disclosures
     of  contingent  assets and liabilities at the  date  of  the
     condensed consolidated financial statements, as well as  the
     reported   amounts  of  revenue  and  expenses  during   the
     reporting  period.  Actual results could differ  from  those
     estimates.

     Reclassifications

     Certain  reclassifications have been made to  the  condensed
     consolidated  financial  statements  shown  for  the   prior
     periods   in  order  to  conform  to  the  current  period's
     classifications.

3    Acquisition of Sunset Interactive Network, Inc.

     On  January 14, 1998, the Company entered into an  agreement
     with  Sunset  Interactive Network,  Inc.  ("SIN"),  a  newly
     formed  Delaware  corporation, to  purchase  100%  of  SIN's
     capital stock in exchange for the issuance of 500,000 shares
     of the Company's common stock, valued at $15,000. SIN was  a
     newly   formed   corporation   with   no   operations,   and
     accordingly, the Company recorded goodwill of $15,000.

     SIN  was  registered as an interactive media  company  whose
     objective  was to provide entertainment information  through
     the  World  Wide  Web utilizing recognized celebrity  names.
     The  Company  intended  to establish  a  web  site  for  its
     proposed  sports magazine and market entertainment  products
     through the worldwide web. However, SIN required significant
     capital  to  commence operations. In the fourth  quarter  of
     1998,  in  conjunction  with  the  development  of  its  new
     business  plan,  management decided not to  further  develop
     SIN.  As  a result, management determined that the  goodwill
     related  to  the  acquisition  of  SIN  was  impaired   and,
     accordingly,  a  provision  for impairment  of  $14,437  was
     recorded in the fourth quarter of 1998.

4    Transactions with related parties

     Loans from stockholder

     From  time  to time, one of the Company's stockholders  (the
     stockholder is also the Chairman's spouse) has advanced  the
     Company  funds  used for working capital purposes  and  paid
     expenses  on  behalf of the Company. Such advances  have  no
     scheduled  repayment  terms and  no  stated  interest  rate.
     Loans from stockholder amounted to $92,556 at September  30,
     1998.   Periodically  the  Company  has  also  engaged  such
     stockholder  to  provide services  to  the  Company  and  in
     return, the Company issued common stock in payment for  such
     services.

                                 6

<PAGE>

4    Transactions with related parties (continued)

     Notes payable and accrued interest

     Notes  payable  of $70,613 at September 30, 1998,  represent
     loans  made to the Company by stockholders and amounts  owed
     to  professional service firms for services rendered.  These
     notes  are due on demand and bear interest at 10% per annum.
     The  Company  received  proceeds of approximately  $550,000,
     exclusive of repayments of $28,500, from the issuance of non-
     interest  bearing demand promissory notes during  the  first
     and second quarters of 1999.

     Due to officer

     Due   to  officer  of  $344,541  at  September  30,   1998,
     represents  amounts owed to the Company's  Chairman.   These
     amounts  consist  principally of  unpaid  salary,  are  non-
     interest bearing and have no scheduled repayment terms.  The
     Company is currently renegotiating the Chairman's employment
     contract as well as the amounts owed to him.

5    Other assets

     Deposits

     On  January 30, 1996, the Company issued 120,000  shares  of
     its  restricted  common stock towards the acquisition  of  a
     film  library consisting of 16 hours of sports footage  film
     and   license  rights  to  use  36  hours  of  footage  from
     Historical Footage film library (not related to sports).  As
     stipulated in the contract, the Company also agreed to issue
     up  to  an additional 120,000 shares of common stock in  the
     event that the initial 120,000 shares were not sufficient to
     generate  $600,000  of proceeds to the seller.  The  Company
     valued  the  120,000  shares  of  common  stock  issued   at
     estimated  fair  value of $.25 per share, and  recorded  the
     aggregate  value of such shares of $30,000 as a deposit  for
     the  film  library.   In  the fourth  quarter  of  1998,  in
     conjunction  with the development of its new business  plan,
     management  decided not to pursue the purchase of  the  film
     library.   As a result, no additional shares of  stock  were
     issued  and  the $30,000 deposit was written off during  the
     fourth quarter of 1998. The Company is currently negotiating
     a  revision to the original contract with the owner  of  the
     film  library. No final conclusion has been reached  and  no
     additional  adjustments  have been  made  in  the  condensed
     consolidated financial statements.

                                    7

<PAGE>

6    Stockholders' deficit

     Common stock

     During the nine months ended September 30, 1998, the Company
     issued 6,325,000 shares of its common stock as follows:

       -    246,000 shares were issued to approximately 25 individuals
          for cash proceeds of $57,000.

       -    500,000 shares were issued to purchase 100% of Sunset
          Interactive Network, Inc.'s common stock (Note 3).

       -     50,000 shares were issued as partial repayment of an
          outstanding note payable.

       -    225,000 shares were issued toward the settlement of a
          lawsuit (Note 2).

       -    3,000,000 shares were issued to the Company's Chairman (as
          partial payment under his employment contract, Note 7) and
          400,000 shares were issued to two officers/directors of the
          Company, which resulted in a charge to operations of $141,000.

       -    300,000 shares were issued to the Chairman's spouse for
          services performed which resulted in a charge to operations of
          $10,500.

       -    1,604,200 shares were issued to various consultants and
          professional service firms for services provided during 1998
          (including 400,000 shares to Gerard Management Inc., 100,000
          shares to Robert P. Maerz and 50,000 shares to Penn & Cobb
          Productions, Inc., see Note 8), which resulted in a charge to
          operations of $65,294.

     During  the  fourth  quarter of  1998,  the  Company  issued
     650,000 shares of its common stock as follows:

     -    400,000 shares were issued to an officer of the Company,
       which resulted in an aggregate charge to operations of $48,000 in
       the fourth quarter of 1998.

     -    200,000 shares to Next Generation Networks Technology, Inc.

     -    50,000 shares were issued toward the settlement of a lawsuit
       (Note 7).

                                  8

<PAGE>

6    Stockholders' deficit (continued)

     Stock options

     In  the fourth quarter of 1998, the Company granted a  total
     of  5,850,000  stock options. 50,000 of  these  options  are
     exercisable immediately and 5,800,000 options vest in  equal
     installments over three years commencing November  1999.  No
     stock  options  were  granted  for  the  nine  months  ended
     September  30, 1998 or 1997.  The following table summarizes
     information   about  fixed  stock  options  outstanding   at
     December 31, 1998:

                                Options outstanding
                                            Weighted-average
                            Number              remaining          Options
        Options           Outstanding          contractual       exercisable
     exercise price       At 12/31/98        life (in years)     at 12/31/98

       $    .12            1,200,000              10                      -
       $   1.00            4,650,000              10                 50,000

                           5,850,000                                 50,000

7    Commitments and contingencies

     Employment agreements

     The  Company  entered into a five-year employment  agreement
     with  Vincent M. Nerlino beginning on January  1,  1996  and
     terminating  on  December 31, 2000, pursuant  to  which  Mr.
     Nerlino  served  as  the Company's Chairman,  President  and
     Chief  Executive  Officer. Mr. Nerlino is currently  serving
     only  as  Chairman.  The employment agreement  provides  for
     annual  base  compensation of $200,000 and an  annual  bonus
     based  on pretax operating profits. The Company is obligated
     to  provide  Mr.  Nerlino  with an automobile  allowance  of
     $1,000  per  month.  At  the conclusion  of  the  employment
     agreement,  Mr.  Nerlino will receive a one-year  consulting
     contract at the most recent year's annual base compensation.
     In  lieu  of  cash  payments  for employment  services,  the
     Company issued 3,000,000 shares of its common stock  to  Mr.
     Nerlino during the nine months ended September 30, 1998,  as
     partial   payment   under  the  contract.    Mr.   Nerlino's
     employment agreement is currently being renegotiated.

     In  1999,  the  Company  entered into three-year  employment
     agreements   with   five  additional   members   of   senior
     management.  Under  the terms of the employment  agreements,
     each  executive  will  receive  an  annual  base  salary  of
     $90,000.  A  portion of the base salaries  may  be  paid  in
     common  stock  in  lieu of cash. In light of  the  Company's
     current financial difficulties, in the initial contract year
     the  five employees have agreed to accept a total of 520,000
     shares  of  common stock and $190,000 of cash. Additionally,
     the   base  salaries  may  be  increased  based  on  certain
     performance milestones and must be approved by the Company's
     President,  Chief Executive Officer and Board of  Directors.
     The  agreements may be terminated with or without cause.  As
     an  incentive  to  enter into an agreement,  in  the  second
     quarter of 1999, one of the officers received 200,000 shares
     of  common stock and 750,000 stock options, with an exercise
     price  of $1.00, that vest in equal installments over  three
     years commencing June 2000.

                                   9

<PAGE>

7    Commitments and contingencies (continued)

     Legal proceedings

     On  June  30,  1996, a default judgment was entered  against
     Infinet, the Company's wholly-owned subsidiary, and  certain
     of   the   Company's  principal  stockholders  by  a  former
     shareholder  of  Fans Publishing, Inc., alleging  breach  of
     contractual commitments and other matters. Effective October
     14,  1997, on behalf of himself and the Company, Mr. Nerlino
     entered  into  a proposed settlement agreement  whereby  the
     Company  is  obligated to pay $100,000 in cash and  is  also
     obligated to issue 225,000 shares of its common stock. As  a
     result,  the  Company  recorded a charge  to  operations  of
     $122,500 in 1997.

     The   $100,000   is  payable,  without  interest,   in   two
     installments:  $5,000 within 120 days of the  agreement  and
     $95,000  by  October 14, 2000. The common stock  was  to  be
     issued  within  30  days  of  the  effective  date  of   the
     agreement.  Since  the first cash installment  was  paid  in
     November 1998 and the common stock was issued in June  1998,
     the  Company became in default of the agreement. Should  any
     legal  action be initiated against the Company  due  to  its
     late  payment  default, the Company will  vigorously  defend
     itself. As a result of the default, the Company recorded the
     balance due as a current liability.

     On  August 2, 1996, the Company became a defendant in a case
     involving  one of its current stockholders. The  stockholder
     was seeking a refund of approximately $200,000, the original
     amount  invested in the Company's common stock.  On November
     2,  1998,  the  Company entered into a settlement  agreement
     with  the  stockholder.  The Company  is  obligated  to  pay
     $50,000, without interest, 18 months from the effective date
     of  the  agreement, and issued 50,000 shares of  its  common
     stock  to  the stockholder (in the fourth quarter of  1998).
     As  a result, the Company recorded a charge to operations of
     $56,000  in  the  third quarter of 1998 and  classified  the
     remaining liability as long-term.

     The  Company is delinquent in paying many of its outstanding
     debts  and has been notified by several creditors that  they
     have  already  initiated or may pursue legal  remedies.  The
     Company  believes that all amounts are appropriately accrued
     in  its  financial  statements. Since the Company  does  not
     currently  have  the financial resources  to  satisfy  these
     debts,   it  intends  to  negotiate  settlements  with   its
     creditors  in the near term. It is not possible  to  predict
     the ultimate outcome of these matters.

                                 10
<PAGE>

8    Consulting agreements

     Next Generation Networks Technology, Inc.

     Effective  November  18, 1998, the Company  entered  into  a
     business   and  consulting  services  agreement  with   Next
     Generation Networks Technology, Inc. ("NGN").  In connection
     with  the  agreement, Kenneth O. Roko, NGN's Chief Executive
     Officer,  will  serve  as an officer and  a  member  of  the
     Company's   Board   of   Directors   and   assist   in   the
     implementation of the Company's technological strategies  in
     order  to  establish the Company as a major contributor  and
     presence on the Internet.

     Under  the  terms of the agreement in the fourth quarter  of
     1998,  the Company issued 200,000 shares of its common stock
     to  NGN and has also granted 1,200,000 stock options with an
     exercise  price of $.12 per share (Note 6).  The Company  is
     also obligated to pay $50,000 to NGN, upon completion of the
     Company's  new  strategic business plan.  In  addition,  the
     Company   is   obligated  to  pay  NGN  certain   additional
     compensation based on specified future performance.

     Gerard Management Inc.

     Effective  January  5,  1998, the  Company  entered  into  a
     business  and  consulting  services  agreement  with  Gerard
     Management  Inc. ("GMI").  Under the terms of the agreement,
     GMI  will  provide Internet strategy consulting as  well  as
     programming  and basic maintenance of the Company's  website
     in exchange for 400,000 shares of the Company's common stock
     (Note  6). The agreement shall terminate on January 4, 2000,
     unless terminated earlier in accordance with the agreement.

     Robert P. Maerz and Penn & Cobb Productions, Inc.,

     Effective  February  28,  1998,  the  Company  entered  into
     business and consulting agreements with Robert P. Maerz  and
     Penn  &  Cobb  Productions, Inc.  Under  the  terms  of  the
     agreements,  the consultants will help create and  implement
     the  Company's business plan as well as market  the  Company
     throughout the media and entertainment industry. 100,000 and
     50,000 shares were issued to Robert P. Maerz and Penn & Cobb
     Productions,  Inc.,  respectively, in  accordance  with  the
     consulting  agreements (Note 6).  The  agreements  terminate
     upon satisfactory completion of the services as set forth in
     the agreement.

                              11

<PAGE>

ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION


     Forward-looking statements

     This  Form  10-QSB  includes,  without  limitation,  certain
     statements  containing the words "believes",  "anticipates",
     "estimates",  and  words  of  a similar  nature,  constitute
     "forward-looking  statements"  within  the  meaning  of  the
     Private  Securities Litigation Reform Act of 1995. This  Act
     provides  a "safe harbor" for forward-looking statements  to
     encourage companies to provide prospective information about
     themselves  so  long  as they identify these  statements  as
     forward   looking   and   provide   meaningful,   cautionary
     statements  identifying important factors that  could  cause
     actual  results  to differ from the projected  results.  All
     statements other than statements of historical fact made  in
     this  Form  10-QSB are forward-looking. In  particular,  the
     statements  herein regarding industry prospects  and  future
     results  of  operations or financial position  are  forward-
     looking   statements.  Forward-looking  statements   reflect
     management's   current  expectations  and   are   inherently
     uncertain.   The   Company's  actual  results   may   differ
     significantly from management's expectations.

     Overview

     Although  the  Company  has  incurred  significant  start-up
     costs,  since the Company has not yet generated any  revenue
     from  operations, the Company is still considered to  be  in
     the development stages.

     Results of operations

     During  the  quarter  ended September  30,  1998  and  1997,
     general  and  administrative  expenses  were  $204,310  and
     $58,458,  respectively.  Cumulative from May  1,  1995,  the
     Company   has   incurred  $2,211,597   of   general   and
     administrative expense.

     During  the quarters ended September 30, 1998 and 1997,  the
     Company  incurred  net  losses of $260,286  and  $58,458,
     respectively.   During the nine months ended  September  30,
     1998 and 1997, the Company incurred net losses of $398,003
     and $177,527, respectively.

     As  of  September  30,  1998 and 1997,  the  Company  was  a
     development  stage  company that had not yet  generated  any
     revenue  from  operations.   The Company  expects  to  incur
     continuing general and administrative expenses, without  any
     commensurate  operating revenue, until such time  as  it  is
     able   to   commence  revenue-generating   operations.   The
     generation  of  revenue will be dependent upon  the  Company
     raising substantial working capital from the sales of equity
     securities  and or obtaining funds from loan  proceeds,  and
     operating  revenues.   There can be no assurances,  however,
     that  the  Company will ultimately be successful in  raising
     the necessary capital and in establishing itself as a sports
     information and services provider.

     Liquidity and capital resources

     The  Company incurred a net loss of $398,003 for the  nine
     months ended September 30, 1998, resulting in an accumulated
     deficit  of  $2,544,857.  Management of  the  Company  is
     developing a business plan summarizing its strategy for  the
     next  several years.  This plan is now focused on  providing
     U.S. sports and educational content utilizing all available
     technologies of the Internet, media, advanced telecommunications
     and storage technologies.  Under this plan, significant cash
     will be required through December 1999 to pay off current debt
     and fund its implementation.  The intention is to raise capital
     through  the  sale of its equity securities and/or  to  seek
     outside private

                                  12

<PAGE>

     sources of financing.  In connection with this, the Company
     has issued approximately $550,000 in non-interest bearing demand
     promissory  notes to various parties, including officers  of
     the  Company,  in  the first and second  quarters  of  1999.
     Significant additional cash will be required.

     There  can  be  no  assurances  that  the  Company  will  be
     successful  in  its  attempts to  raise  sufficient  capital
     essential  to  its survival. To the extent  the  Company  is
     unable to raise the necessary operating capital, it will not
     be  able to implement its business plan, and it will  become
     necessary to curtail or cease operations. Additionally, even
     if  the  Company  does raise sufficient  operating  capital,
     there  can  be no assurances that the net proceeds  will  be
     sufficient enough to enable it to develop its business to  a
     level  where  it will generate profits and cash  flows  from
     operations. These matters raise substantial doubt about  the
     Company's ability to continue as a going concern.

     Management  of  the  Company intends to  sustain  operations
     during  the  year ending December 31, 1999,  with  the  cash
     resources generated by the continuing sale of common  stock,
     issuance  of  stock  for services, and through  management's
     ability  to control discretionary expenditures.  During  the
     quarter  ended September 30, 1998, the Company did  not  pay
     any  compensation  to  officers in  cash,  and  the  Company
     intends   to   continue  to  defer  the  cash   payment   of
     compensation to officers until such time as the Company  has
     adequate  working  capital and/or cash  flow.   The  Company
     intends  to continue to issue shares of its common stock  to
     officers, employees and consultants for services rendered to
     conserve working capital.

     Year 2000 implication

     The Year 2000 issue is the result of computer programs being
     written  using two digits (rather than four) to  define  the
     applicable year.  Computer programs that have time-sensitive
     software  may recognize a date using "00" as the  year  1900
     rather  than the year 2000.  This could result in  a  system
     failure   or   miscalculations   causing   disruptions    of
     operations,  including  among  other  things,  a   temporary
     inability  to process transactions, send invoices or  engage
     in  other normal business activities.  The Company maintains
     internal  equipment  and contracts with third-party  vendors
     for  the  provision  of certain information  technology  and
     other services.

     The  Company is currently reviewing the potential impact  of
     the   year   2000   on  the  processing  of   date-sensitive
     information by the Company's internal computer equipment and
     the  computer  systems  and  equipment  of  the  third-party
     vendors on which the Company's business relies.  There is no
     current estimate of the potential cost to resolve Year  2000
     issues  that may arise.  There can be no assurance that  the
     Company  will  be able to address, in a timely fashion,  all
     potential  Year  2000 problems, or that the systems  of  the
     third-party vendors upon which the Company's business relies
     (and  the maintenance and operation of which are not  within
     the  control of the Company) will be Year 2000 compliant  or
     will  become  Year 2000 compliant in a timely  manner.   Any
     Year 2000 problems could impact the provision of products or
     services  to  the Company's customers and could subject  the
     Company to the risk of litigation, lost revenue and loss  of
     future customers.

                                   13
<PAGE>

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

        See   Note   7   to   Condensed  Consolidated   Financial
        Statements "Commitments and Contingencies.".


ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

        None.


ITEM 3. DEFAULTS UPON SENIOR SECURITIES

        Not applicable.


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

        Not applicable.


ITEM 5. OTHER INFORMATION

        Not applicable.


ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

        (a)Exhibits: Included only with the electronic filing of
        this report is the Financial Data Schedule for the nine-
        month period ended September 30, 1998 (Exhibit Ref. No.
        27).

        (b)Reports on Form 8-K: None.


                                  14
<PAGE>

                           SIGNATURES

In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

AMERICAN SPORTS HISTORY INCORPORATED


Date: July 14, 1999                 By: /s/ HERBERT J. HEFKE

                                        Herbert J. Hefke
                                        President and Chief Executive Officer

      July 14, 1999                 By: /s/ JEFFREY HWANG

                                        Jeffrey Hwang
                                        Chief Financial Officer

                                15