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 September 30, 1998 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)

5800 Foxridge Drive, Suite 500
Mission, Kansas                                    66202
(Address of Principal Executive Office)		 (Zip Code)

Registrant's telephone number, including area code: (913) 831-6334

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 October 19, 1998 CenCor, Inc. had 1,342,301 shares of Common 
Stock, $1.00 par value outstanding with a market value of 
$8,389,381.  


<PAGE>
              	       CENCOR, INC.

  	                FORM 10-Q

 	         QUARTER ENDED September 30, 1998


	                   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	        8 

3.  Quantitative and Qualitative Disclosures about
         Market Risk				       11


 	                  PART II


1.  Legal Proceedings	                               12

2.  Change in Securities	                       12

3.  Defaults Upon Senior Securities 	               12

4.  Submission of Matters to a Vote of Security 
   	Holders	                                       12

5.  Other Information	                               12

6.  Exhibits and Reports on Form 8-K 	               12

7.  Signatures 	                                       13 


<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

					 	Setpember 30,	December 31,
						1998		1997
						(Unaudited)	
<S>						<C>		<C>
Assets:
  Cash and cash equivalents			$ 9,790,000	$11,248,000
  Other assets					    646,000	  6,182,000
	Total assets				 10,436,000	 17,430,000

Liabilities:	
  Accounts payable and accrued liabilities	    422,000	    432,000
  Partial liquidating distribution payable	     57,000	  7,225,000
  	Total liabilities			    479,000	  7,657,000

Net assets in liquidation			$ 9,957,000	  9,773,000

Number of common shares outstanding		  1,350,384	  1,350,384

Net assets in liquidation per share		$      7.37	$      7.24

See accompanying notes.
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                            CenCor, Inc.
                    (In Process of Liquidation)
          Consolidated Statement of Net Assets in Liquidation
	    For the Nine Months Ended September 30, 1998 and 1997
			   (Unaudited)
				           
					       1998	 	1997		
<S>                                        <C>                 <C>

Net assets in liquidation		   $  9,773,000        $ 17,394,000                    
  December 31, 1997 and 1996

Income from liquidating activities             
  Investment income                             485,000		    846,000

Expenses from liquidating activities	      
  Salaries and related benefits                 161,000		    571,000
  Interest expenses				     --		    709,000
  Professional fees			        128,000	             35,000
  Income taxes  			       <111,000>	   <488,000>  
  Other expenses				123,000		    164,000
					        301,000		    991,000

Retirement of common stock			     --		  1,157,000
Increase (decrease) in net assets in 
  liquidation					184,000		 <1,302,000>

Net assets in liquidation,		   
  September 30, 1998 and 1997		   $  9,957,000       $  16,092,000  

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 September 30, 1998 and 1997    
                              (Unaudited)

                                                                                                             
	                                        1998            1997
<S>                                         <C>              <C>
Net assets in liquidation, 
  June 31, 1998 and 1997 	            $ 9,912,000      $16,707,000

Income from liquidating activities
  Investment income				145,000          220,000
        										192,000		 321,000
Expenses from liquidating activities
   Salaries and related benefits		 57,000	          64,000
   Professional fees			         25,000 	  35,000
   Income tax    		                   --           <488,000>
   Other expenses			         18,000           67,000
						100,000	        <322,000>

Retirement of common stock			   -- 		1,157,000

Increase in net assets in liquidation	         45,000 	<615,000> 
Net assets in liquidation, 
  June 30, 1998 and 1997		    $ 9,957,000      $ 16,092,000

See accompanying notes.
</TABLE>
<PAGE>


                                CenCor, Inc.
                        (In Process of Liquidation)
                 Notes to Consolidated Financial Statements
                             September 30, 1998


1.  Summary of Significant Accounting Policies

Basis of Presentation and Plan of Liquidation

The accompanying consolidated financial statements include accounts
of CenCor, Inc. and its wholly-owned subsidiary Century Acceptance
Corporation ("Century") (collectively, "the Company").  Effective
September 30, 1995, the Company sold substantially all of the assets
of 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.

As a result of Board of Directors' intent as of December 31, 1995,
the Company adopted a Plan of Dissolution and Liquidation (the "Plan
of Liquidation").  In connection with the Plan of Liquidation, the 
officers and director of CenCor are authorized to (i) dissolve CenCor,
including the execution and filing of a Certificate of Dissolution 
with the Secretary of 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.  The 
Company's stockholders approved the Plan of Liquidation on September
12, 1996 at the Company's annual meeting of 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, 1998 and December 31, 1997 
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.

Use of Estimates

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.

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.

<PAGE>

	Other Assets:  The Company's other assets 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.

	Partial liquidating distribution payable:  The carrying
amount reported in the statement of net assets in liquidation
approximates the fair value of the partial liquidating distribution
payable.
	
<PAGE>
2.  Other Assets

An escrow account was established in accordance with the provisions of the
agreement pertaining to the sale of Century's assets in order to secure
certain indemnification obligations of Century and CenCor to the buyer, 
Fidelity Acceptance Corporation ("Fidelity"), that ran through July 1, 1998.
The escrow account, including accrued interest, is included in other assets
at December 31, 1997, at a value of $5,549,000.

During the quarter ended September 30, 1998, Fidelity withdrew all of its 
claims against the escrow account and the Company received approximately
$5.6 million of the escrow funds.  The funds received from the escrow 
account were immediately invested in short-term government and government
agency instruments.

As discussed in Note 3, other assets at September 30, 1998 and December 31,
1997 also include a net income tax refund receivable of $600,000 and $595,000,
respectively, from the Company's prior years' federal and state income tax
returns.

At December 31, 1997, a portion of the Company's assets consisted of certain
charged-off receivables obtained in full payment of the accrued interest due
on a subordinated debt of Concorde Careers Colleges, Inc  ("Concorde").  
The receivables consisted of account and notes receivable from students who
attended schools operated by Concorde or its subsidiaries. As of December 31,
1997, the Company had collected approximately $1,046,000 of the total
$1,057,000 discharged interest due from the charged-off receivables.  The
balance of the discharged interest was collected in January 1998, and the
Company has subsequently reassigned the charged-off receivables to Concorde.

<PAGE>

3.  Income Taxes

The Company has recently been notified by Internal Revenue Service ("IRS")
that the tentative agreement reached for the proposed adjustments to the 
Company's 1990, 1991, and 1992 federal income tax returns has been approved.
The Company is awaiting processing of the approved agreement.

The Company's net operating loss ("NOL") carryforward, for federal income tax
purposes, at September 30, 1998, is approximately $241,000 and the Company's 
alternative minimum tax ("AMT") credit carryforward is approximately $579,000.
The NOL carryforward expires on December 31, 2008 and the AMT credit can be
carried forward indefinitely.

Based upon the terms of the approved agreement, the Company has recorded in 
other assets a net recoverable for income taxes of $600,000 and $595,000 at
September 30, 1998 and December 31, 1997, respectively.
 
<PAGE>
4.  Per Share Information

Net assets in liquidation per common share was computed by dividing net 
assets in liquidation by the outstanding shares of common stock at 
September 30, 1998 and December 31, 1997.

Effective April 1, 1996, CenCor converted its outstanding non-interest bearing
convertible notes due July 1, 1999 (the "Convertible Notes") in the principal
amount of $11,449,771 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 the conversion, the holders of the Convertible Notes were entitled
to 572,554 shares of CenCor common stock upon surrender of their Convertible
Notes.  The outstanding share amount reflected in the financial statements 
assumes all 572,554 shares issued as a result of the conversion of the
Convertible Notes are outstanding.  However, as of October 20, 1998,
10,494 shares issuable remain unclaimed by the holders of the Convertible 
Notes.

On February 2, 1998, CenCor announced a partial liquidating distribution of
$5.35 per share to shareholders of record on February 16, 1998.  On 
March 9, 1998 CenCor distributed $7,159,049 to its 1,338,140 outstanding 
shareholder of record as of February 16, 1998.

The outstanding shares of stock at February 16, 1998 that received the partial
liquidating distribution on March 9, 1998 did not include 11,713 of common
shares issuable to holders of Convertible Notes who had failed to surrender
their Convertible Notes in exchange for common stock.  Subsequently 1,219 shares
of common stock and the underlying partial liquidating distribution of $5.35
per share have been issued as a result of the surrender of Convertible Notes.
The partial liquidation distribution payable recorded in the financial 
statements at September 30, 1998 and December 31, 1997 includes the partial
liquidating distribution due to the holders of unsurrendered Convertible Notes.


(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 ("Fidelity").

	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 expired on July 1, 1998. During the
quarter ended September 30, 1998, Fidelity withdrew all of its claims
against the escrow account and the Company received approximately $5.6
million of the escrow funds.  The funds received from the escrow account
were immediately invested in short-term government and government agency
instruments.



<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 (the "Board") 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.

	The Board determined that a partial liquidating distribution of
$5.35 per share would be issued to stockholders of record on February
16, 1998.  At such time as the Board has determined that all claims and
liabilities have been identified and paid or provided for, the Board
will determine a record date and issue a final liquidating distribution.
CenCor does not expect this to occur prior to 1999.  The timing of the 
final distribution will depend in large part upon the Company's receipt of
an IRS determination of the Company's income tax liabilities for its most
recent tax years.  See "Activities During Liquidation Period" below.


<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
as additional consideration for the performance of 
services to the Company.  In addition, the Vice President of the 
Company will receive a bonus of $100,000 if the officer is still
employed by the Company on the date the Company makes its final
liquidation distribution to its shareholders. 
The purpose of the additional payments is to encourage these individuals
to continue 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 September
30, 1998 and December 31, 1997 financial statements.

As discussed below, on February 2, 1998, CenCor announced a partial
liquidating distribution in the amount of $5.35 per share to be paid
on March 9, 1998.  After the partial liquidating distribution 
and assuming CenCor had fully liquidated and distributed its assets by
September 30, 1998 and 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 an additional
$9,957,000  in distributions or approximately $7.37 per share, less costs to 
liquidate.  The actual amount to be received upon complete 
liquidation may be adversely affected by unanticipated tax liabilities, 
liquidating costs, or other unforeseen factors. 


<PAGE>

Partial Liquidating Distribution

	CenCor's 1993 plan of reorganization entitled holders of Old
Notes to receive Non-Convertible Notes, Convertible Notes, and 
common stock in exchange for their Old Notes.  The Convertible Notes
were converted into shares of common stock at a ratio of one share of common
stock for each $20 principal amount of Convertible Notes on April 1, 
1996.

	On February 2, 1998 CenCor announced payment of a partial
liquidating distribution on March 9, 1998 in the amount of $5.35
per share to common stockholders of record as of February 16, 1998.
The Company distributed $7,159,049 on 1,338,140 outstanding shares
of common stock on March 9, 1998.

	The outstanding shares of stock at February 16, 1998 that 
received the partial liquidating distribution on March 9, 1998 did
not include 11,713 of common shares issuable to holders of Convertible
Notes who have failed to surrender their Convertible Notes in exchange
for common stock.  Subsequently, 1,219 shares of common stock and the
underlying partial liquidating distribution of $5.35 per share have been
issued as a result of the surrender of Convertible Notes.  The partial
liquidation distribution payable recorded in the financial statements
at September 30, 1998 and December 31, 1997 reflects the partial liquidating
distribution due to the holders of unsurrendered Convertible Notes.
		
<PAGE>

Conversion of Convertible Notes 

	On December 31, 1995, CenCor had outstanding non-interest 
bearing convertible notes due July 1, 1999 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 October 20, 1998, 10,495 shares issuable remain unclaimed by the holders
of the Convertible Notes.


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.
The Non-Convertible Notes will be paid in full on July 1, 1999 by the
indenture trustee.

<PAGE>

Concorde Career Colleges, Inc. Agreements

	In February, 1997 the Company retired in full its holding
in a junior secured debenture  (the "Debenture") of Concorde
Career Colleges, Inc.  ("Concorde") in the principal amount of 
approximately $2.4 million plus interest and redeemed all of its
shares of Concorde's cumulative preferred stock.

	In 1993 and 1994, Concorde agreed to assign certain 
charged-off receivables to the Company in full payment of the accrued 
interest due on the Debenture through December 31, 
1993 and 1994, respectively.  The receivables, which consisted of 
account and notes receivable from students who attended schools 
operated by Concorde or its subsidiaries, were assigned to the Company 
without recourse with the Company assuming all risk of non-payment of 
the receivables.  As of December 31, 1997, the Company had 
collected approximately $1,046,000 of the total $1,057,000 
discharged interest due from the charged-off receivables.  The
balance of the discharged interest was collected in January, 1998
and the Company had subsequently reassigned the charged off receivables
to Concorde.  

<PAGE>
Assets and Liabilities Following Using Liquidation Accounting

	The Company's assets at September 30, 1998 and December 31, 1997
consist primarily of cash and cash equivalents, and an income tax
receivable refund.  At December 31, 1997, the Company's assets also
included the escrow account established to secure the indemnification
obligations of the Company to the buyer of Century.  
  
	The Company's liabilities at September 30, 1998 and
December 31, 1997 consist primarily of accounts payable and other
accrued liabilities, including the accrued additional payments 
due to the Company's officers and directors prior to liquidation.
At December 31, 1997 the Company has also recorded a liability 
for the partial liquidating distribution payable to its share-
holders on March 9, 1998.  The Company distributed $7,159,040 on 
March 9, 1998 to the stockholders of record on February 16, 1998.
The partial liquidating distribution payable at September 30, 1998
represents the balance due to holders of unsurrendered Convertible Notes.
	 
	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 nine months ended September 30, 1998, the Company's
source of income was from short-term government and government-
agency investments.

	The Company's expenses for the nine months ended September 30, 
1998 consisted mainly of salaries, professional and legal fees,
and other recurring expenses.  The Company also recorded a 
reduction to income tax expense as a result of expected refunds
from the settlement of the IRS examiniation.

<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 refund of prior years' taxes from the IRS.  Until a 
distribution is made to the stockholders, management has invested the 
Company's cash in short-term government of 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 has several pending tax matters with the IRS (see
Internal Revenue Service Examination below).  The Company will be required
to pay or provide for all liabilities, including any unanticipated tax
liabilities and any estimated post-liquidation costs, prior to any final
distribution on its outstanding common stock.  The Company believes
that it has adequate reserves for all of its material known contingent tax
and other liabilities and is currently attempting to have any potential income
tax liabilities for its most recent tax years determined by the IRS.  The 
Company has not received a response to its request to the IRS.

	The Company is unable to estimate the date of the final
distribution to stockholders due to the pending matters with the IRS.
However, the Company is expected to be fully liquidated by October 1999.


<PAGE>

Internal Revenue Service Examination 

	The Company has recently been notified by the Internal
Revenue Service  ("IRS") that the tentative agreement reached
for the proposed adjustments to the Company's 1990, 1991, and
1992 federal income tax returns has been approved. The Company
is awaiting processing of the approved agreement.

	 The Company's net operating loss  ("NOL") carryforward, 
for federal income tax purposes, at September 30, 1998 is expected to be
approximately $241,000 and the Company's alternative minimum tax ("AMT")
credit carryforward is expected to be approximately $579,000.  The NOL
carryforward expires on December 31, 2008 and the AMT credit can be carried
forward indefinitely.

	Based upon the terms of the approved agreement, the 
Company has recorded in other assets a net recoverable for income
taxes of $600,000 and $595,000 at September 30, 1998 and December 31,
1997, respectively. 
	
Capital Obligations
	
	The Company has no obligations for capital purchases.

Item. 3  Quantitative and Qualitative Disclosures About Market Risk.

Not applicable.

	(The remainder of this page is intentionally blank)
	

<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


No reports on Form 8-K were filed by the Company during the quarter ended
September 30, 1998.


            (The remainder of this page is intentionally blank)


<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 November 16, 1998		/s/ Jack L. Brozman		
				Jack L. Brozman, President



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