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





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
incorporation or organization) | (I.R.S. Employer
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

Not Applicable

(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 ( X )		No (   )

As of November 8, 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 )









INDEX



PART I - FINANCIAL INFORMATION

ITEM 1 - FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED BALANCE SHEETS

September 30, 1999 and December 31, 1998                                                                               1

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

For the three and nine months ended September 30, 1999 and 1998

and cumulative from May 1, 1995                                                                                                 2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

For the nine months ended September 30, 1999 and 1998

and cumulative from May 1, 1995                                                                                                 3

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS                                4 - 7

ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION        8 - 9



PART II - OTHER INFORMATION

ITEM 1 - LEGAL PROCEEDINGS                                                                                                  10

ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K                                                                     10

SIGNATURES                                                                                                                                          11



















































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,
|---------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------- | ---------------- | ------------- | ------------
|                                                                                                                                                                 |                   |                  | 1999          | 1998        
|                                                                                                                                                                 |                   |                  | (Unaudited)   |             
|ASSETS                                                                                                                                                           |                   |                  |               |             
|                                                                                                                                                                 |                   |                  |               |             
|Current assets                                                                                                                                                   |                   |                  |               |             
|Cash                                                                                                                                                             | $          14,319 | $          3,344
|Prepaid expenses                                                                                                                                                 | 10,000            | -               
|                                                                                                                                                                 |                   |                 
|Total current assets                                                                                                                                             | 24,319            | 3,344           
|                                                                                                                                                                 |                   |                 
|Other assets                                                                                                                                                     | 9,984             | 2,667           
|                                                                                                                                                                 |                   |                 
|                                                                                                                                                                 | $          34,303 | $          6,011
|                                                                                                                                                                 |                   |                 
|LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                                                                            |                   |                 
|                                                                                                                                                                 |                   |                 
|Current liabilities                                                                                                                                              |                   |                 
|Accounts payable and accrued expenses                                                                                                                            | $        367,780  | $       336,034 
|Due to officers                                                                                                                                                  | 745,582           | 402,541         
|Loans from stockholder                                                                                                                                           | 120,441           | 117,056         
|Notes payable and accrued interest                                                                                                                               | 597,754           | 80,375          
|Liability from settlement of lawsuit                                                                                                                             | 120,000           | 95,000          
|                                                                                                                                                                 |                   |                 
|Total current liabilities                                                                                                                                        | 1,951,557         | 1,031,006       
|                                                                                                                                                                 |                   |                 
|Liability from settlement of lawsuit                                                                                                                             | 25,000            | 50,000          
|                                                                                                                                                                 |                   |                 
|Total liabilities                                                                                                                                                | 1,976,557         | 1,081,006       
|                                                                                                                                                                 |                   |                 
|Commitments and contingencies                                                                                                                                    |                   |                 
|                                                                                                                                                                 |                   |                 
|Stockholders' deficit                                                                                                                                            |                   |                 
|Common stock, $.01 par value; 25,000,000 shares
authorized, issued and outstanding -  10,466,026 shares at
September 30, 1999 and 9,746,026 at December 31, 1998 | 104,660           | 97,460          
|Additional paid-in capital                                                                                                                                       | 1,924,438         | 1,593,638       
|Accumulated deficit ($3,789,454 accumulated during the
development stage)                                                                                        | (3,873,852)       | (2,766,093)     
|Unearned compensation                                                                                                                                            | (97,500)          | -               
|                                                                                                                                                                 |                   |                 
|Total stockholders' deficit                                                                                                                                      | (1,942,254)       | (1,074,995)     
|                                                                                                                                                                 |                   |                 
|                                                                                                                                                                 | $          34,303 | $          6,011

See notes to condensed consolidated financial statements.

1

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,     
|                                                     | 1999               | 1998              | 1999              | 1998             
|                                                     |                    |                   |                   |                  
|Revenue                                              |                    |                   |                   |                  
|Interest income                                      | $                - | $              24 | $               9 | $              25
|                                                     |                    |                   |                   |                  
|Expenses                                             |                    |                   |                   |                  
|Product development                                  | 88,738             | -                 | 459,738           | -                
|General and administrative                           | 268,403            | 204,310           | 648,030           | 342,028          
|Lawsuit settlements                                  | -                  | 56,000            | -                 | 56,000           
|Write-off of advances for
terminated acquisition     | -                  | -                 | -                 | -                
|                                                     |                    |                   |                   |                  
|                                                     | 357,141            | 260,310           | 1,107,768         | 398,028          
|                                                     |                    |                   |                   |                  
|Net loss                                             | $ (357,141)        | $ (260,286)       | $(1,107,759)      | $   (398,003)    
|                                                     |                    |                   |                   |                  
|Basic and diluted
net loss per share                 | $       (0.03)     | $       (0.03)    | $          (0.11) | $       (0.06)   
|                                                     |                    |                   |                   |                  
|Weighted average number
of common shares
outstanding | 10,466,026         | 8,807,062         | 10,140,348        | 6,975,708        















































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)







|                                                                           |                                 |                        | Cumulative
from May 1,
|-------------------------------------------------------------------------- | ------------------------------- | ---------------------- | ----------------------
|                                                                           | Nine months ended September 30, |                       
|                                                                           | 1999                            | 1998                   |                       
|INCREASE (DECREASE) IN CASH                                                |                                 |                        |                       
|                                                                           |                                 |                        |                       
|Cash flows from operating activities                                       |                                 |                        |                       
|Net loss                                                                   | $       (1,107,759)             | $            (398,003) |                       
|Adjustments to reconcile net loss to
net cash used in operating activities |                                 |                        |                       
|Write-off of prepaid royalty                                               | -                               | -                      |                       
|Depreciation and amortization                                              | 1,183                           | -                      |                       
|Write-off of deposit                                                       | -                               | -                      |                       
|Impairment of goodwill                                                     | -                               | -                      |                       
|Common stock issued for partial
settlement of lawsuit                      | -                               | -                      |                       
|Stock options issued to
non-employees for services                         | 54,000                          | -                      |                       
|Common stock issued for services                                           | 186,500                         | 216,794                |                       
|                                                                           |                                 |                        |                       
|Changes in assets and liabilities                                          |                                 |                        |                       
|Prepaid expenses                                                           | (10,000)                        | -                      |                       
|Prepaid taxes                                                              | -                               | -                      |                       
|Other assets                                                               | -                               | (3,560)                |                       
|Liability from settlement of lawsuits                                      | -                               | 56,000                 |                       
|Accounts payable and
accrued expenses                                      | 31,746                          | 35,580                 |                       
|Due to officers                                                            | 202,831                         | 20,242                 |                       
|Accrued interest                                                           | 6,681                           | 10,967                 |                       
|                                                                           |                                 |                        |                       
|Net cash used in operating activities                                      | (634,818)                       | (61,980)               |                       
|                                                                           |                                 |                        |                       
|Cash flows from investing activities                                       |                                 |                        |                       
|Purchase of equipment and trademarks                                       | (8,500)                         | -                      |                       
|                                                                           |                                 |                        |                       
|Cash flows from financing activities                                       |                                 |                        |                       
|Advances from officers                                                     | 165,908                         | -                      |                       
|Proceeds from issuance of notes                                            | 558,500                         | -                      |                       
|Repayments of advances and notes                                           | (73,500)                        | -                      |                       
|Loans from stockholder                                                     | 3,385                           | 9,180                  |                       
|Issuance of common stock                                                   | -                               | 57,000                 |                       
|Liability from sale of common
stock rescinded                              | -                               | -                      |                       
|                                                                           |                                 |                        |                       
|Net cash provided by financing activities                                  | 654,293                         | 66,180                 |                       
|                                                                           |                                 |                        |                       
|Net increase in cash                                                       | 10,975                          | 4,200                  |                       
|                                                                           |                                 |                        |                       
|Cash, beginning of period                                                  | 3,344                           | 7                      |                       
|                                                                           |                                 |                        |                       
|Cash, end of period                                                        | $               14,319          | $	4,207                |                       



See notes to condensed consolidated financial statements.

3

AMERICAN SPORTS HISTORY INCORPORATED AND SUBSIDIARIES

(A Development Stage Company)

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)



THREE AND NINE MONTHS ENDED SEPTEMBER 30, 1999 AND 1998



1. Basis of presentation and management's plan
2. Significant accounting policies

Interim financial information

The condensed consolidated balance sheet as of September 30, 1999 and the condensed consolidated statements of operations and cash flows for the three and nine months ended September 30, 1999 and 1998 and cumulative from May 1,
1995, have been prepared by the Company without audit. These interim financial statements include all adjustments, consisting only of normal recurring accruals, which management considers necessary for a fair presentation of the financial statements for
the abo
atements for the above months ended September 30, 1999, are not necessarily indicative of results that may be expected for the



4

2	Significant accounting policies (continued)

Interim financial information (continued)

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, 1998. The accounting policies used in preparing the condensed
consolidated financial statements are consistent with those described in the December 31, 1998 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.



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.

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.

































5



3.          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 $120,441 at September 30, 1999.  Periodically the Company has also engaged such stockholder to provide services to the Company and in return, the Company issued comm



4.	Notes payable and accrued interest

Notes payable of $597,754at September 30, 1999, represent loans made to the Company by various parties, including stockholders, and amounts owed to professional
service firms for services rendered.  These notes are due on demand and some bear interest at 10% per annum.  The Company received proceeds of $70,000 and $495,000 from the issuance of non-interest bearing demand promissory notes during the three and nine
month

Due to officers
Due to officers of $745,582at September 30, 1999, represents amounts owed to the Company's Chairman ($566,793) and various officers of the Company ($178,789)
that are non-interest bearing and have no scheduled repayment terms.  The amounts owed to the Chairman consist principally of unpaid salary.  The amounts owed to other officers consist of working capital advances and unpaid salaries.  The Company is current
loyment contract as well as the amounts owed to him.  Additionally, during 1998, the Company shared office facilities with the Chairman without charge.



5.          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 a

5	Commitments and contingencies (continued)

Employment agreements (continued)

5	Commitments and contingencies (continued)

Employment agreements (continued)

In the second quarter of 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 sto
00 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 >



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 s
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 1999, the Company became in default of the agreement.  Should any legal action be
initiated
ompany 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, in installments of $25,000 18 and 36 months from the effective date of the agreement, and has issued 50,000
share
on stock to the stockholder.  As a result, the Company recorded a charge to operations of $56,000 in 1998.



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 ma



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
ents 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 inherent  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, 1999 and 1998, general and administrative expenses were $268,403 and $204,310, respectively.  Cumulative from May 1, 1995, the Company has incurred $3,070,864 of general and administrative
expense.  The Company currently has six employees.  In the business plan, it is contemplated that additional employees will be added as funding permits.



Product development expenses were incurred during the quarter ended September 30, 1999 totaling $88,738.  With the new business strategy which calls for the use of technology, the Company has spent approximately $460,000 on research and
development activity.  The Company will seek to secure patent and copyright protection for any intellectual property developed.



During the quarters ended September 30, 1999 and 1998, the Company had net losses of $357,141 and $260,286, respectively.  During the nine months ended September 30, 1999 and 1998, the Company incurred net losses of  $1,107,759 and
$398,003, respectively.



As of September 30, 1999 and 1998, 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 l
 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 $1,107,759 for the nine months ended September 30, 1999, resulting in an accumulated deficit of $3,873,852.  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

Liquidity and capital resources  (continued)



will be required over the next 12 months 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 $650,000 in non-interest bearing demand promissory notes to various parties, including officers of the Company, in the first ten months 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
usiness 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, 1999, 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
as 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 bus
i
es.  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,
o
stems 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.



PART II - OTHER INFORMATION

ITEM 1.	LEGAL PROCEEDINGS

See Note 4 to Condensed Consolidated Financial Statements "Commitments and Contingencies."

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 1999 (Exhibit Ref. No. 27).

(b)	Reports on Form 8-K: None







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:  November 11, 1999	By:	/s/ HERBERT J. HEFKE



Herbert J. Hefke

President and Chief Executive Officer



November 11, 1999	By: /s/ JEFFREY HWANG

Jeffrey Hwang

Chief Financial Officer