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, 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 October 8, 1997 CenCor, Inc. had 1,339,862 shares of Common 
Stock, $1.00 par value outstanding with a market value of 
$12,226,241. 


<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


				           September 30,       December 31,
					       1997	 	   1996	
                   			    (Unaudited)	
<S>                                        <C>                 <C>
Assets:
Cash and cash equivalents		   $ 11,140,000        $ 14,513,000                    
Other assets	       	 		      6,139,000          10,320,000
     Total assets			     17,279,000          24,833,000

Liabilities:
Accounts payable and accrued liabilities        484,000             648,000
Income taxes payable			        703,000           1,110,000
Long-term debt			                   --             5,681,000             
     Total liabilities			      1,187,000           7,439,000

Net assets in liquidation		   $ 16,092,000       $  17,394,000

Number of common shares outstanding           1,361,993           1,488,411

Net assets in liquidation per shares	   $      11.82       $       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 Nine Months Ended September 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                            846,000        1,036,000
   Other                                           --            507,000        
   Gain on extinguishment of debt		   --		 275,000
   Gain on retirement of preferred stock  	   --		 126,000
				                846,000        1,944,000
 								                                                
Expenses from liquidating activities
   Salaries and related benefits		571,000          367,000
   Interest expense		                709,000          912,000
   Professional fees			         35,000          374,000 
   Income tax 				       <488,000>	 891,000
   Other 			                164,000          256,000 
 	 	         		        991,000        2,800,000

Retirement of common stock		      1,157,000		      --

Decrease in net assets in liquidation        <1,302,000>        <856,000>

Net assets in liquidation, 
  September 30, 1997 and 1996		  $  16,092,000     $ 17,254,000


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, 1997 and 1996
                              (Unaudited)

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

Income from liquidating activities
   Investment income			        220,000    	 353,000
   Other		                           --             81,000
   Gain on extinguishment of debt		   --		 275,000
   Gain on retirement of preferred stock	   -- 		   6,000
						220,000	         715,000

Expenses from liquidating activities
   Salaries and related benefits		 64,000	          94,000
   Interest expense			           --	         312,000
   Professional fees			       <488,000>	 794,000
   Other expenses		                 67,000           50,000
					       <322,000>       1,443,000

Retirement of common stock		      1,157,000		      --

Decrease in net assets in liquidation	       <615,000>	<728,000>

Net assets in liquidation, 
  September 30, 1997 and 1996		    $16,092,000      $17,254,000

See accompanying notes.
</TABLE>
<PAGE>


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


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 September 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 2.


<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 was 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 at December 31, 1996 reflects 
a conversion of the convertible notes in accordance with the bank-
ruptcy plan and the Company's purchase of a portion of the 
outstanding long-term debt (see Note 3).


<PAGE>
2.  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 September 30, 1997, CenCor has 
collected approximately $996,000 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 
($5,471,000 and $5,277,000 at September 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 expense 
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 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 could 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.

3.  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 
September 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 September 30, 1997, 22,131 shares 
issuable remain unclaimed.

4.  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.

In addition, an income tax refund receivable for approximately
$554,000 related to the Company's 1996 income tax returns is 
included in other assets at September 30, 1997.
 


<PAGE>
5.  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, 1997 and December 31, 1996, respec-
tively. 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 issuable.  In
addition, the outstanding share amount at September 30, 1997
has been reduced by 126,418 shares to reflect the purchase and
retirement by CenCor of its common stock on August 12, 1997.
See Item 2, Management's Discussion and Analysis of Financial 
Condition and Results of Operations--Stock Tender Offer, for a 
further discussion regarding CenCor's purchase of its 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 expense 
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 could 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
as additional consideration for the performance of 
services to the Company.  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 September 30, 1997 financial statements.

Assuming CenCor had fully liquidated and distributed its assets 
by September 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 $16,092,000 in 
distributions or approximately $11.82 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 
and retire 570,000 shares of its common stock at $8.75 per share.  
The offer expired on August 12, 1997 at which time CenCor paid 
$1,106,158 for 126,418 shares of its common stock.  The purpose 
of the offer was to provide the shareholders, who did 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.  



<PAGE>

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 September 30, 1997, 
22,131 shares issuable remain unclaimed.



<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 September 30, 1997, CenCor has 
collected approximately $996,000 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, an income tax 
receivable refund from the Company's 1996 tax returns, and the 
escrow account established to secure the indemnification obliga-
tions 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 nine months ended September 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 nine months 
ended September 30, 1997 consisted mainly of salaries, accretion of 
interest on the Company's then outstanding long-term debt, pro-
fessional and consulting fees, and other liquidating expenses. 
During the three months ended September 30, 1997, the company 
recorded a reduction to income tax expense as a result of refunds
due from overpayment of tax on the 1996 income tax returns.  In
addition, during the three months ended September 30, 1997, the
Company also disbursed $1,157,000 for costs related to the pur-
chase and retirement of its common stock as previously discussed.



<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 unmatured 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 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 September 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 November 14, 1997		/s/ Jack L. Brozman		
				Jack L. Brozman, President



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