SECURITIES  AND  EXCHANGE  COMMISSION
                  Washington, D. C. 20549

                         Form 10-Q

   QUARTERLY  REPORT  PURSUANT TO  SECTION  13  OR  15(d)
       OF  THE  SECURITIES  EXCHANGE  ACT  OF  1934

For the Quarter ended June 30, 1997	  Commission File No.   0-3417  
                                                              
		               CENCOR, INC.
        (Exact Name of Registrant as Specified in its Charter)


       Delaware              	              43-0914033
(State of other jurisdiction 	    (I.R.S. Employer Identification 
of Incorporation or Organization	         Number)

1100 Main Street, Suite 416A
Post Office Box 26098
Kansas City, Missouri                              64196
(Address of Principal Executive Office)		 (Zip Code)

Registrant's telephone number, including area code: (816) 221-5833

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       			

Indicate by check mark whether the registrant has filed all 
documents and reports required to be filed by Section 12, 13 or 
15(d) of the Securities Exchange Act of 1934 subsequent to the 
distribution of securities under a plan confirmed by a court.

		      Yes   X      No 

As of July 21, 1997 CenCor, Inc. had 1,463,275 shares of Common 
Stock, $1.00 par value outstanding with a market value of 
$13,352,384. 


<PAGE>
              	       CENCOR, INC.

  	                FORM 10-Q

 	         QUARTER ENDED June 30, 1997


	                   INDEX


Item			                             Page
	                   PART I



1.  Financial Statements and Supplementary Data	        1

2.  Management's Discussion and Analysis of Financial
         Condition and Results of Operations	       10



 	                  PART II


1.  Legal Proceedings	                               15

2.  Change in Securities	                       15

3.  Defaults Upon Senior Securities 	               15

4.  Submission of Matters to a Vote of Security 
   	Holders	                                       15

5.  Other Information	                               15

6.  Exhibits and Reports on Form 8-K 	               15

7.  Signatures 	                                       16 


<PAGE>
Part I

Item I Financial Statements

The Company's Financial Statements are set forth herein, beginning 
on the following page.







	(The remainder of this page is intentionally blank.)



<PAGE>
<TABLE>
<CAPTION>
                            CenCor, Inc.
                    (In Process of Liquidation)
          Consolidated Statement of Net Assets in Liquidation


				             June 30,          December 31,
					       1997	 	   1996	
                   			    (Unaudited)	
<S>                                        <C>                 <C>
Assets:
Cash and cash equivalents		   $ 12,223,000        $ 14,513,000                    
Other assets	       	 		      5,627,000          10,320,000
     Total assets			     17,850,000          24,833,000

Liabilities:
Accounts payable and accrued liabilities        529,000             648,000
Income taxes payable			        614,000           1,110,000
Long-term debt			                   --             5,681,000             
     Total liabilities			      1,143,000           7,439,000

Net assets in liquidation		   $ 16,707,000       $  17,394,000

Number of common shares outstanding		              
					      1,488,411           1,488,411

Net assets in liquidation per shares	   $      11.22       $       11.69

See accompanying notes.
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                 CenCor, Inc.
                          (In Process of Liquidation)
       Consolidated Statement of Changes in Net Assets in Liquidation
             For the Six Months Ended June 30, 1997 and 1996
                                 (Unaudited)

                                            
 						1997	        1996
<S>                                       <C>               <C>
Net assets in liquidation, 
  December 31, 1996 and 1995	 	  $  17,394,000     $ 18,110,000   
                                                            
Income from liquidating activities	
   Investment income                            626,000          683,000
   Other                                           --            546,000        
				                626,000        1,229,000
 								                                                
Expenses from liquidating activities
   Salaries and related benefits		507,000          273,000
   Interest expense		                709,000          600,000
   Professional fees			           --            181,000 
   Other expenses		                 97,000          303,000 
 	 	         		      1,313,000        1,357,000

Decrease in net assets in liquidation         <687,000>        <128,000>

Net assets in liquidation, 
  June 30, 1997 and 1996		  $  16,707,000     $ 17,982,000


See accompanying notes.
</TABLE>




<PAGE>
<TABLE>
<CAPTION>
                               CenCor, Inc.
                       (In Process of Liquidation)
     Consolidated Statement of Changes in Net Assets in Liquidation
           For the Three Months Ended June 30, 1997 and 1996
                              (Unaudited)

                                                                                                             
	                                        1997            1996
<S>                                         <C>              <C>
Net assets in liquidation, 
  March 31, 1997 and 1996                   $17,457,000      $17,879,000

Income from liquidating activities
   Investment income			        315,000    	 321,000
   Other		                           --            281,000
						315,000	         602,000

Expenses from liquidating activities
   Salaries and related benefits		435,000	         149,000
   Interest expense			        572,000	         303,000
   Other expenses		                 58,000          167,000
					      1,065,000	         619,000

Expenses in excess  of income from 
  liquidating activities	              <750,000>         <17,000>

Adjustment of net assets in liquidation 
  to liquidation value 	                         -0-             120,000

Increase (decrease) in net assets in 
  liquidation		                      <750,000>          103,000

Net assets in liquidation, 
  June 30, 1997 and 1996		    $16,707,000      $17,982,000

See accompanying notes.
</TABLE>
<PAGE>


                                CenCor, Inc.
                        (In Process of Liquidation)
                 Notes to Consolidated Financial Statements
                               June 30, 1997
                                (Unaudited)


1.  Summary of Significant Accounting Policies

Basis of Presentation

The unaudited interim condensed financial statements included 
herein have been prepared by the Company pursuant to the rules 
and regulations of the Securities and Exchange Commission.  
Certain information and footnote disclosures normally included in 
financial statements prepared in accordance with generally 
accepted accounting principles ("GAAP") have been condensed or 
omitted, although the Company believes that the disclosures are 
adequate to make the information presented not misleading.  

Effective June 30, 1995, the Company sold substantially all of 
the assets of Century Acceptance Corporation ("Century"), its 
then only operating subsidiary.  Since the date of the sale of 
Century, the Company has had no ongoing operations.  As a result, 
the Company has changed its basis of accounting from going 
concern basis to liquidation basis.

On September 12, 1996 the Company's stockholders approved a Plan 
of Dissolution and  Liquidation (the "Plan of Liquidation"), 
which the Company's Board of Directors submitted for stockholder 
approval at the Company's annual meeting of stockholders.  In 
connection with the Plan of Liquidation, the officers and 
directors of CenCor are authorized to  (I) dissolve CenCor, 
including the execution and filing of a Certificate of 
Dissolution with the Secretary of State of the State of Delaware, 
(ii) wind up CenCor's affairs, including satisfaction of all 
liabilities and long-term debt of CenCor and (iii) liquidate 
CenCor's assets on a pro rata basis in accordance with the 
respective interests of its common stockholders. CenCor is 
expected to be fully liquidated by October 1999


<PAGE>

Generally accepted accounting principles require the adjustment 
of assets and liabilities to estimated fair value under the 
liquidation basis of accounting.  Accordingly, the statement of 
net assets in liquidation at June 30, 1997 and December 31, 1996 
reflects assets and liabilities on this basis.  Adjustments for 
changes in estimated liquidation value are recognized currently.  
Estimated costs of liquidation have not been provided since such 
costs are not able to be estimated.

The preparation of financial statements in conformity with 
generally accepted accounting principles under the liquidation 
basis of accounting requires management to make estimates and 
assumptions that affect the amounts reported in the financial 
statements and accompanying notes.  Actual results could differ 
significantly from those estimates.

These condensed financial statements should be read in 
conjunction with the financial statements and the notes thereto 
included in the Company's Annual Report on Form 10-K for the year 
1996.


Cash and Cash Equivalents

Cash and cash equivalents include cash, money market accounts, 
and short-term government or government agency instruments.

Fair Values of Assets and Liabilities

The following methods and assumptions were used by the Company in 
estimating the liquidation value of its assets and liabilities:

	Cash and Cash Equivalents:  The carrying amount reported in 
the statement of net assets in liquidation for cash and cash 
equivalents approximates their fair value.

Concorde Career Colleges, Inc. ("Concorde") Securities:  
Other assets at December 31, 1996 include the fair value of 
CenCor's investments in Concorde which is based upon the terms of 
repayment as defined in the December 30, 1996 agreement (the 
"Fourth Amendment") with Concorde.  See Note 3


<PAGE>

	Other Assets:  The Company's other assets, excluding 
CenCor's investment in Concorde, are reported in the statement of 
net assets in liquidation at their fair value.

	Accounts Payable and Accrued Liabilities:  The carrying 
amount reported in the statement of net assets in liquidation for 
accounts payable and accrued liabilities approximates their fair 
value.
	
Income Tax Payable:  The carrying amount reported in the 
statement of net assets in liquidation approximates the fair 
value of taxes currently payable.

	Long-Term Debt:  The fair value of the Company's long-term 
debt at December 31, 1996  is estimated using discounted cash 
flow analyses, based on the Company's current incremental 
borrowing rates for similar types of borrowing arrangements (10% 
at December 31, 1996).  The fair value reflects a conversion of 
the convertible notes in accordance with the bankruptcy plan and 
the Company's  purchase of a portion of the outstanding long-term 
debt (see Note 4).

2.  Litigation and Contingencies

Century was a defendant, along with a number of other consumer 
finance companies, in two class action lawsuits in the State of 
Alabama.  The suits were filed by certain alleged borrowers of 
the defendant creditor/lenders and assert various violations. 
While Century has denied the allegations, Century settled the 
claims during 1996 in order to avoid the time, expense and 
uncertainty of litigation.  The settlement required Century to 
pay the class-action plaintiffs $295,000, which included certain 
administrative costs of the settlement of the claims.


<PAGE>
3.  Other Assets

At December 31, 1996, the Company held a junior secured debenture 
(the "Debenture") of Concorde Career Colleges, Inc. ("Concorde") 
in the principal amount of approximately $2.4 million and 260,385 
shares of Concorde's cumulative preferred stock (the "Preferred 
Stock").  Further, the Company held an unsecured debt of Concorde 
in the principal amount of approximately $190,000 (the "Unsecured 
Debt").  

The Debenture, which was to have matured on July 31, 1997, called 
for principal and interest payments commencing June 30, 1996 
based on a 10-year amortization schedule.  Interest on the 
Debenture compounded and accrued quarterly at a variable rate not 
to exceed 12%.  The Debenture further called for an additional 
contingent payment at the maturity of the Debenture in an amount 
equal to 25% of the amount by which the "market capitalization" 
of Concorde exceeded $3.5 million.  The Preferred Stock, $.10 par 
value, had a per share liquidation preference of $10.00 per 
share.  Cumulative quarterly dividends accrued at a rate equal to 
73% of the then current  interest rate on the Debenture.  
Dividends were to have accrued until such time as the Debenture 
was paid in full.  While Concorde could redeem  the Preferred 
Stock in whole or in part at liquidation value plus accrued 
cumulative dividends, the Preferred Stock did not provide for 
mandatory redemption.

On December 30, 1996, CenCor and Concorde amended the 
Restructuring, Security and Guaranty Agreement (the "Fourth 
Amendment") between the parties to facilitate the early 
redemption of the Preferred Stock and payment in full of all of 
the obligations of Concorde to CenCor.  The Fourth Amendment 
provided that if CenCor received a "repayment price" of 
approximately $4.8 million prior to February 28, 1997, inclusive 
of any Preferred Stock redemption payments and debt service 
payments on the Debenture subsequent to September 30, 1996, that 
the Debenture and the Unsecured Debt would be retired and the 
Preferred Stock redeemed in full.



<PAGE>
In February 1997, CenCor retired in full all of Concorde's debt 
obligations to CenCor and redeemed in full all of the remaining 
shares of Preferred Stock in accordance with the terms of the 
Fourth Amendment.  In exchange, CenCor agreed to release Concorde 
from all liabilities and obligations, except its continuing 
obligation to convey written-off receivables in connection with 
discharged interest, as described below.

During 1996, CenCor received $452,498 from Concorde in redemption 
of 39,615 shares of Preferred Stock and $411,890 in payments from 
Concorde on the Debenture.

In 1993 and 1994, Concorde agreed to assign certain charged-off 
receivables to CenCor in full payment of the accrued interest due 
on the Junior Secured Debenture through December 31, 1993 and 
1994, respectively.  The receivables, which consist of account 
and notes receivable from students who attended schools operated 
by Concorde or its subsidiaries, were assigned to CenCor without 
recourse with CenCor assuming all risk of non-payment of the 
receivables.  The agreement with Concorde grants CenCor limited 
rights of substitution until such time as it collects full 
payment of the accrued interest, exclusive of out-of-pocket 
collection fees and expenses paid to third parties.  CenCor has 
engaged a collection agent to pursue recovery of such receivables 
assigned to the Company.  As of June 30, 1997, CenCor has 
collected approximately $905,000 of the total $1,057,000 
discharged interest due from the charged-off receivables.  

In addition, an escrow account was established in accordance with 
the provisions of the agreement pertaining to the sale of 
Century's assets.  Such amount, including accrued interest 
($5,399,000 and $5,277,000 at June 30, 1997 and December 31, 
1996, respectively), is included in other assets.  The escrow was 
established in order to secure certain indemnification 
obligations of Century and CenCor to the buyer that run through 
July 1, 1998. 



<PAGE>
As part of the sale, Century also assigned to the buyer its 
benefits, rights and interests (including interests in future 
insurance commissions receivable) in a service expenses 
reimbursement agreement (the "SER Agreement(s)") with a third 
party. Century also agreed to indemnify the buyer in an amount up 
to $750,000 if it was determined that any of Century's rights 
under the SER Agreement were impaired as a result of the sale of 
Century's assets such that Century's buyer did not receive up to 
$750,000 in payments under the SER Agreement.  The third party 
has recently notified the Company that it believes the sale of 
Century's assets constitutes a material breach of the SER 
Agreement and, therefore, that Century has forfeited its rights 
to receive payments under the SER Agreement.  If the third party 
fails to make payments under the SER Agreement, Century will be 
exposed to indemnification claims by its buyer up to $750,000. 
Management is vigorously pursuing collection of the insurance 
commission receivable from the third party.

4.  Long-Term Debt

Pursuant to a 1993 plan of reorganization, CenCor's noteholders 
received the following securities for each $1,000 aggregate 
amount of principal and accrued but unpaid interest at December 
31, 1992:

i.   $600 principal amount of non-interest bearing Non-
     Convertible Notes
ii.  $400 principal amount of non-interest bearing Convertible 
     Notes
iii. 5.2817 shares of CenCor common stock, par value of $1 per 
     share

The Non-Convertible Notes are non-interest bearing and will 
mature on July 1, 1999.  On August 19,  1996,  CenCor offered to 
retire all of its outstanding Non-Convertible Notes due July 1,  
1999 at a cash price equal to 74% of their principal amount. 
Prior to the offer, the principal balance of the Non-Convertible 
Notes was $17,174,656.  CenCor purchased and retired outstanding 
Non-Convertible Notes in the principal amount of $9,970,930 as of 
the November 18, 1996 offer expiration date at a cost of 
$7,374,415.  The fair value of the non-tendered Non-Convertible 
Notes was $5,680,770 at December 31, 1996. 


<PAGE>

On May 30, 1997, pursuant to  the indenture governing the Non-
Convertible Notes, the Company delivered approximately $6.4 
million in U.S. government securities to the indenture trustee as 
an irrevocable pledge to defease the $7,203,726 outstanding 
principal amount of Non-Convertible Notes.  Accordingly,  long-
term debt is not reflected in the financial statements at June 
30, 1997.

On December 31, 1995, CenCor had outstanding non-interest bearing 
convertible notes due July 1, 1999 (the "Convertible Notes") in 
the principal amount of $11,449,771.  Effective April 1, 1996, 
CenCor converted these Convertible Notes into shares of CenCor's 
common stock at a ratio of one share of common stock for each $20 
principal amount of Convertible Notes.  As a result of this 
conversion, the holders of the Convertible Notes are entitled to 
be issued 572,554 shares of CenCor common stock upon surrender of 
their Convertible Notes.  As of June 30,1997, 545,055 shares have 
been issued and are outstanding as a result of the surrender of 
Convertible Notes.   The number of outstanding shares reflected 
in the financial statements at June 30, 1997 and December 31, 
1996 assumes all 572,554 shares issuable as a result of the 
conversion of the Convertible Notes are issued and outstanding. 

5.  Income Taxes

The Company's 1990, 1991 and 1992 federal income tax returns have 
been examined by the Internal Revenue Service (IRS).  The IRS has 
proposed adjustments to increase taxable income in 1991 which the 
Company is in the process of appealing.  Management believes that 
the ultimate disposition of the IRS examination will not have a 
material effect on the financial position of the Company.
 


<PAGE>
6.  Per Share Information

Net assets in liquidation per share was computed by 
dividing net assets in liquidation by the outstanding shares of 
common stock June 30, 1997 and December 31, 1996, respectively. 
The outstanding share amounts reflected in the financial 
statements assumes all 572,554 shares issued as a result 
of the conversion of the convertible notes are issued and 
outstanding.

See Item 2, Management's Discussion and Analysis of Financial 
Condition and Results of Operations-Stock Tender Offer for a 
discussion regarding the Company's recent offer to purchase a
portion of its outstanding stock.



(The remainder of this page is intentionally blank)		


<PAGE>
Item 2.	Management's Discussion and Analysis of 
	Financial Condition and Results of Operations

Financial Condition

Sale of Century 

	Effective June 30, 1995, Century consummated the sale of its 
consumer finance business to Fidelity Acceptance Corporation, a 
subsidiary of the Bank of Boston Corporation.

	Under the terms of the sale, Century received $128.7 million 
for substantially all of its assets.  In accordance with the 
provisions of the sales agreement, $5 million of the sale 
proceeds were placed in escrow to secure certain indemnification 
obligations of the Company that expire on July 1, 1998. The buyer 
has made one claim for $40,000 against the escrow and has 
notified the Company of other claims which may be asserted 
against the escrow balance.  Management does not believe the 
amount of the other claims, if any, will be material to the 
consolidated financial statements.

As part of the sale, Century also assigned to the buyer its 
benefits, rights and interests (including interests in future 
insurance commissions receivable) in a service expenses 
reimbursement agreement (the "SER Agreement(s)") with a third 
party. Century also agreed to indemnify the buyer in an amount up 
to $750,000 if it was determined that any of Century's rights 
under the SER Agreement were impaired as a result of the sale of 
Century's assets such that Century's buyer did not receive up to 
$750,000 in payments under the SER Agreement.  The third party 
has recently notified the Company that it believes the sale of 
Century's assets constitutes a material breach of the SER 
Agreement and, therefore, that Century has forfeited its rights 
to receive payments under the SER Agreement. If the third party 
fails to make payments under the SER Agreement, Century will be 
exposed to indemnification claims by its buyer up to $750,000. 
Management is vigorously  pursuing collection of the insurance 
commission receivable from the third party.



<PAGE>
Plan of Liquidation

	With the sale of its consumer finance business, CenCor's 
business purpose no longer exists.  For that reason, CenCor's 
Board of Directors adopted a resolution on January 22, 1996 that 
CenCor be liquidated and that the Plan of Liquidation be 
submitted to the stockholders for approval.  The Company's 
Stockholders approved the Plan of Liquidation at the Company's 
annual meeting of Stockholders held on September 12, 1996 and a 
Certificate of Dissolution was subsequently filed with the State 
of Delaware.

  Under Delaware law, CenCor will continue as a corporate 
entity for three years after the effective date of the 
dissolution (October 1, 1996) or for such longer period as the 
Delaware Court of Chancery directs in its own discretion, for the 
purpose of prosecuting and defending suits by or against CenCor 
and winding up the business and affairs of CenCor, but not for 
the purpose of continuing the business of CenCor.

The Plan of Liquidation provides that the implementation of the 
plan is intended to be completed by October 1, 1999.  During this 
three year period, CenCor will not engage in any business 
activities, except for preserving the value of its assets, 
adjusting and winding up its business and affairs, and 
distributing its assets in accordance with the Plan of 
Liquidation.  CenCor's debts and liabilities, whether fixed, 
conditioned or contingent, will either be paid as they become due 
or provided for.

At such time as the Board has determined that all claims and 
liabilities have been identified and paid or provided for, which 
CenCor does not expect to occur prior to 1999, CenCor will 
distribute in one or a series of distributions, at any time, or 
from time to time as the Board, in its discretion may determine, 
all funds resulting from CenCor's liquidation to the stockholders 
in accordance with the respective rights of each.  The 
proportionate interests of the respective stockholders in the 
assets of CenCor would be fixed on the basis of their ownership 
of the outstanding shares of CenCor on a record date to be 
determined by the Board. 


<PAGE>
During the period of liquidation CenCor's directors and 
officers are authorized to  implement and carry out the 
provisions of the Plan of Liquidation and will receive 
compensation for their services.  The Board recently determined 
that, in addition to the regular directors fees paid to each 
member of the Board of Directors, each Director shall receive a 
payment equal to $75,000 immediately prior to the final 
distribution of the liquidation proceeds to the shareholders of 
the Company as additional consideration for the performance of 
services to the Company's shareholders.  The purpose of the 
additional payments is to encourage these individuals to continue 
in their service to the Company through the Company's final 
liquidation and to recognize the directors for their past 
performance.  The additional payments have been recorded as a 
liability in the June 30, 1997 financial statements.

Assuming CenCor had fully liquidated and distributed its 
assets by June 30, 1997 and assuming further that the Company's 
actual realizable value of its assets and liabilities is 
identical to the Company's estimated realized value of these 
items, CenCor's stockholders would have received $16,707,000 in 
distributions or approximately $11.22 per share, less costs to 
liquidate.  The actual amount to be received upon complete 
liquidation may be adversely affected by claims arising from the 
indemnification obligations resulting from the sale of Century's 
assets, unanticipated tax liabilities, or other unforeseen 
factors. 

Stock Tender Offer

	On June 13, 1997 CenCor commenced an offer to purchase 
570,000 shares of its common stock at $8.75 per share.  The offer 
is scheduled to expire on August 12, 1997 unless extended by 
CenCor.  As of August 1, 1997,  92,247 shares of common stock had 
been tendered by the shareholders.  The purpose of the offer is 
to provide the shareholders, who do not wish to hold their shares 
until CenCor completes its liquidation, an opportunity to sell 
their shares and to enhance the liquidation value to the non-
tendering shareholders.  Shareholders who tender their  shares in 
response to the offer will forego the opportunity to participate 
in future distributions of the liquidation proceeds.




<PAGE>
	If more than 570,000 shares are duly tendered prior to the 
expiration of the offer, CenCor will either extend the offer, if 
necessary, and increase the number of shares that CenCor is 
offering to purchase to an amount which it believes will be 
sufficient to accommodate the excess shares tendered, as well as 
any shares tendered during the extension period, or purchase 
570,000 (or such large number of shares sought) of the shares 
tendered on a pro rata basis.  However, if CenCor elects to 
purchase 570,000 (or such larger number of shares sought) of the 
shares on a pro rata basis, CenCor may first accept for purchase, 
before prorating shares tendered by others, the shares tendered 
by tendering shareholders who own, beneficially or of record not 
more than 99 shares and who tender all of their securities.

	The Board of Directors and management of CenCor have not 
made any recommendations to the shareholders as to whether to 
tender or refrain from tendering any or all of such shareholder's 
shares.


Conversion of Convertible Notes and Retired Stock

	On December 31, 1995, CenCor had outstanding non-interest 
bearing convertible notes due July 1, 1999 (the "Convertible 
Notes") in the principal amount of $11,449,771.  Effective April 
1, 1996, CenCor converted these Convertible Notes into shares of 
CenCor's common stock at a ratio of one share of common stock for 
each $20 principal amount of Convertible Notes.  As a result of 
this conversion, the holders of the Convertible Notes are 
entitled to be issued 572,554 shares of CenCor common stock upon 
surrender of their Convertible Notes.  As of June 30, 1997, 
545,055 shares have been issued and are outstanding as a result 
of the surrender of Convertible Notes.



<PAGE>
Long - Term Debt

On August 19, 1996 CenCor offered to redeem all of its 
outstanding Non-Convertible Notes due July 1, 1999 at a cash 
price equal to 74% of their principal amount.  Prior to the 
offer, the principal balance of the Non-Convertible Notes was 
$17,174,656.  CenCor redeemed outstanding Non-Convertible Notes 
in the principal amount of $9,970,930 as of the November 18, 1996 
offer expiration date at a cost of $7,374,415.  On May 30, 1997, 
pursuant to the indenture governing the Non-Convertible Notes, 
CenCor defeased its outstanding Non-Convertible Notes in the 
principal amount of $7,203,726 by delivering approximately $6.4 
million in U.S. Government Securities to the indenture trustee.

Concorde Career Colleges, Inc. Agreements

At December 31, 1996, the Company held a junior secured 
debenture (the "Debenture") of Concorde Career Colleges, Inc. 
("Concorde") in the principal amount of approximately $2.4 
million and 260,385 shares of Concorde's cumulative preferred 
stock (the "Preferred Stock").  Further, the Company held an 
unsecured debt of Concorde in the principal amount of 
approximately $190,000 (the "Unsecured Debt").  

The Debenture, which was to mature on July 31, 1997, called 
for principal and interest payments commencing June 30, 1996 
based on a 10-year amortization schedule.  Interest on the 
Debenture compounded and accrued quarterly at a variable rate not 
to exceed 12%.  The Debenture further called for an additional 
contingent payment at the maturity of the Debenture in an amount 
equal to 25% of the amount by which the "market capitalization" 
of Concorde exceeded $3.5 million.  The Preferred Stock, $.10 par 
value, had a per share liquidation preference of $10.00 per 
share.  Cumulative quarterly dividends accrued at a rate equal to 
73% of the then current  interest rate on the Debenture.  
Dividends were to have accrued until such time as the Debenture 
was paid in full.  While Concorde could redeem the Preferred 
Stock in whole or in part at liquidation value plus accrued 
cumulative dividends, the Preferred Stock did not provide for 
mandatory redemption.


<PAGE>
	On December 30, 1996, CenCor and Concorde amended the 
Restructuring, Security and Guaranty Agreement (the "Fourth 
Amendment") between the parties to facilitate the early 
redemption of the Preferred Stock and payment in full of all of 
the obligations of Concorde to CenCor.  The Fourth Amendment 
provided that if CenCor received a "repayment price" of 
approximately $4.8 million prior to February 28, 1997, inclusive 
of any Preferred Stock redemption payments and debt service 
payments on the Debenture subsequent to September 30, 1996, that 
the Debenture and the Unsecured Debt would be retired and the 
Preferred Stock redeemed in full.

In February 1997,  CenCor retired in full all of Concorde's 
debt obligations to CenCor and redeemed in full all of the 
remaining shares of Preferred Stock in accordance with the terms 
of the Fourth Amendment.  In exchange, CenCor agreed to release 
Concorde from all liabilities and obligations, except its 
continuing obligation to convey written-off receivables in 
connection with discharged interest, as described below.

During 1996, CenCor received $452,498 from Concorde in 
redemption of 39,615 shares of Preferred Stock and $411,890 in 
payments from Concorde on the Debenture.

In 1993 and 1994, Concorde agreed to assign certain charged-
off receivables to CenCor in full payment of the accrued interest 
due on the Junior Secured Debenture through December 31, 1993 and 
1994, respectively.  The receivables, which consist of account 
and notes receivable from students who attended schools operated 
by Concorde or its subsidiaries, were assigned to CenCor without 
recourse with CenCor assuming all risk of non-payment of the 
receivables.  The agreement with Concorde grants CenCor limited 
rights of substitution until such time as it collects full 
payment of the accrued interest, exclusive of out-of-pocket 
collection fees and expenses paid to third parties.  CenCor has 
engaged a collection agent to pursue recovery of such receivables 
assigned to the Company.  As of June 30, 1997, CenCor has 
collected approximately $905,000 of the total $1,057,000 
discharged interest due from the charged-off receivables.  



<PAGE>
Assets and Liabilities Following Sale of Century Using 
Liquidation Accounting

	The Company's assets consist primarily of cash and cash 
equivalents, certain previously charged-off receivables received 
in payment of accrued interest on the Debenture, and the escrow 
account established to secure the indemnification obligations of 
the Company to the buyer of the consumer finance business.  
  
The Company's remaining liabilities consist primarily of 
accounts payable and other accrued liabilities, including the 
accrued additional payments due to the Company's directors prior 
to liquidation and accrued income taxes.  As a result of being in 
the process of liquidation, the Company is required to adopt the 
liquidation basis of accounting.  Generally accepted accounting 
principles require the adjustment of assets and liabilities to 
estimated fair value under the liquidation basis of accounting. 
For information concerning the estimated fair values given these 
items by the Company and the methods and assumptions used to 
arrive at such values, see the Company's Financial Statements and 
the notes thereto.

 Results of Operations

	During the three and six months ended June 30, 1997, the 
Company's sources of income consisted mostly of investment income 
and collections from the Concorde charged-off receivables that 
the Company accepted in exchange for accrued interest on the 
Debenture.

 The Company's expenses during the three and six months 
ended June 30, 1997 consisted mainly of salaries, accretion of 
interest on the Company's then outstanding long-term debt, and 
other liquidating expenses. 

For the three months ended June 30, 1997  the Company also 
incurred additional salary expense for the accrued additional 
payments due to its directors prior to liquidation. In addition, 
interest expense for the three months ended June 30, 1997 
reflects the difference between the recorded fair value of the 
Non-Convertible Notes on May 30, 1997 and the amount pledged to 
the indenture trustee to defease the Company's Non-Convertible 
Notes on May 30, 1997.


<PAGE>
 Activities During Liquidation Period

	The Company's activities during the period of liquidation 
will focus on the collection of various amounts owed to it, 
including the previously charged-off Concorde receivables 
received in payment of accrued interest.  The Company will also 
closely monitor claims arising from indemnification obligations 
to the buyer of Century in order to maximize the value of the 
escrow fund established as a result of the sale.  Until 
distributions are made to stockholders, management expects to 
invest the available proceeds from the sale of Century and the 
Company's other cash in short-term government or government 
agency instruments.

	The Company's expenses during the period of liquidation are 
expected to consist mostly of salaries, professional fees, 
stockholder communication expenses, income taxes and other 
liquidating expenses.

	The Company will be required to satisfy all liabilities 
prior to any distribution on its outstanding common stock.  The 
Company believes that it has adequate reserves for all of its 
material known contingent, conditional and unmature liabilities. 

Liquidity and Capital Resources

Capital Obligations

	The Company has no significant obligations for capital 
purchases.




<PAGE>
Internal Revenue Service Examination and Potential California 
Sales Tax Assessment

	The Company's 1990, 1991, and 1992 federal income tax 
returns have been examined by the Internal Revenue Service 
("IRS").  The IRS has proposed adjustments to increase taxable 
income in 1991 which the Company is in the process of appealing.  
Management believes that an adequate reserve has been provided at 
June 30, 1997 relating to these proposed adjustments and 
therefore the ultimate disposition of the IRS examination will 
not have a material effect on the financial position of the 
Company.

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<PAGE>
Part II

Item 1 Legal Proceedings - None

Item 2 Change in Securities - None

Item 3 Defaults Upon Senior Securities - None 
 
Item 4 Submission of Matters to a Vote of Security Holders - None

Item 5 Other Information - None

Item 6 Exhibits and Reports on Form 8-K

			EXHIBIT NUMBER			DESCRIPTION
			      27	         Financial Data Schedule






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<PAGE>
                            SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act 
of 1934, the registrant has duly caused this report to be signed 
by the undersigned, thereunto duly authorized.

				CENCOR, INC.

Dated August 7, 1997		/s/ Jack L. Brozman		
				Jack L. Brozman, President



				/s/ Terri L. Rinne			
				Terri L. Rinne, Vice President