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 March 31, 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)

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 April 23, 1998 CenCor, Inc. had 1,340,951 shares of Common 
Stock, $1.00 par value outstanding with a market value of 
$7,103,017.  


<PAGE>
              	       CENCOR, INC.

  	                FORM 10-Q

 	         QUARTER ENDED March 31, 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	        9



 	                  PART II


1.  Legal Proceedings	                               14

2.  Change in Securities	                       14

3.  Defaults Upon Senior Securities 	               14

4.  Submission of Matters to a Vote of Security 
   	Holders	                                       14

5.  Other Information	                               14

6.  Exhibits and Reports on Form 8-K 	               14

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


				           March 31,       December 31,
					       1998	 	1997	
                   			    (Unaudited)	
<S>                                        <C>                 <C>
Assets:
Cash and cash equivalents		   $  4,148,000        $ 11,248,000                    
Other assets	       	 		      6,209,000           6,182,000
     Total assets			     10,357,000          17,430,000

Liabilities:
Accounts payable and accrued liabilities        445,000             432,000
Partial liquidating distribution payable         66,000           7,225,000             
     Total liabilities			        511,000           7,657,000

Net assets in liquidation		   $  9,846,000       $  17,457,000  

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

Net assets in liquidation per shares	   $       7.29       $        7.24

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 March 31, 1998 and 1997    
                              (Unaudited)

                                                                                                             
	                                        1998            1997
<S>                                         <C>              <C>
Net assets in liquidation, 
  December 31, 1997 and 1996                $ 9,773,000      $17,394,000

Income from liquidating activities
  Investment income				202,000          311,000
						202,000		 311,000
Expenses from liquidating activities
   Salaries and related benefits		 51,000	          72,000
   Interest expense			           --	         137,000
   Professional fees			         30,000 	  10,000
   Other expenses		                 48,000           29,000
					        129,000          248,000

Increase in net assets in liquidation	         73,000 	  63,000 

Net assets in liquidation, 
  September 30, 1998 and 1997		    $ 9,846,000      $ 9,773,000

See accompanying notes.
</TABLE>
<PAGE>


                                CenCor, Inc.
                        (In Process of Liquidation)
                 Notes to Consolidated Financial Statements
                             March 31, 1998 and 1997


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
June 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 March 31, 1998 and 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

As of 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.
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.  The agreement with Concorde
granted CenCor limited rights of substitution until such time that it collects
full payment of the accrued interest, exclusive of out-of-pocket 
collection fees and expenses paid to third parties.  As of December 31,
1997 CenCor 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 CenCor has
subsequently reassigned the charged off receivables to Concorde.

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 
($5,627,000 and $5,549,000 at March 31, 1998 and December 31, 
1997, 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 Fidelity 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 Fidelity 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 Fidelity did not receive up to 
$750,000 in payments under the SER Agreement.  During 1997, 
Norwest Financial, Inc. ("Norwest") acquired certain assets and
liabilities of Fidelity including Fidelity's rights under the SER
Agreement and to claims against the escrow. On March 2, 1998 
Norwest agreed to relinquish any indemnification claims against
the Company and the escrow related to payments under the SER
Agreement.

On December 12, 1997 Fidelity also asserted an indemnification
claim of approximately $2.5 million against the escrow account.  
Fidelity's claim is based upon two claims by a third party against
Fidelity, as Century's successor in interest.  Fidelity reserved
the right to seek an additional disbursement from the escrowed
funds in the event Fidelity's ultimate liability to the third
party exceeded the approximate $2.5 million.

The third party's claims against Fidelity relate to amounts
alledgedly due for reserves that the third party claims were to be
established by Century under certain agreements with the third party.
The first claim relates to a $200,000 deposit with Century from
the third party under a guarantee agreement.  When Century sold
substantially all of their assets to Fidelity, Fidelity was given
a reduction in the purchase price for the $200,000 deposit and agreed
to assume Century's obligations to the third party related to the
deposit.  Accordingly, the Company believes this claim is without
merit.

<PAGE>

The second claim by the third party relates to an alledged $2.3
million second reserve account.  Century has advised Fidelity
and the third party that neither Century nor any of its 
subsidiaries held any other deposits or reserves for the third
party other than the aforementioned $200,000 deposit.  While the
Company has agreed to indemnify Fidelity in this matter, the 
Company believes this claim of the third partry is without 
merit and is actively defending the third party claim.

The Escrow Agent has advised the Company that it will not release any of
the contested escrowed funds until it receives non-conflicting
written instructions from Century and Fidelity as to the disposition
of the escrowed funds or an order of an arbitrator of Court
having jurisdiction over the matter.  As previously mentioned, the
Company is actively attempting to resolve the $2.3 million 
claim with the third party so that Fidelity will agree to the release
of escrowed funds.

Other assets at March 31, 1998 and December 31, 1997 also includes
a net income tax refund receivable of $488,000 and $595,000, 
respectively from the Company's prior years federal and state 
income tax returns.

3.  Income Taxes

The Company's 1990, 1991 and 1992 federal income tax returns were 
examined by the Internal Revenue Service (IRS), which has 
proposed certain adjustments, a portion of which have been protested
by the Company.  The Company has recently reached a tentative agreement with 
the IRS.  Based upon the tentative agreement, the Company's net
operating loss ("NOL") carryforward, for federal income tax
purposes, at March 1, 1998 is expected to be approximately $30,000 
and the Company's alternative minimum tax ("AMT") carryforward
is expected to be approximately $577,000.  The NOL carryforward
expires December 31, 2008 and the AMT credit can be carried forward
indefinately.

Based upon the terms of the tentative agreement, the Company has recorded
in other assets a net recoverable for income taxes of $488,000 and $595,000
at March 31, 1998 and December 31, 1997, respectively.  The net recoverable
for income taxes at December 31, 1997 also includes $107.000 refund for
state income taxes which was received in March 1998.

Although no assurances can be made, the Company believes it will settle
the IRS exam under the tentative agreement and that the amount of the
net recoverable is reasonable.
 
<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 
March 31, 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 outsanding.  However, as of March 31, 1998,
11,631 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 common stock of 1,338,410 on February 16, 1998 was
exclusive of 12,140 shares of common stock issuable to holders of Old Notes who
have failed to surrender their Old Notes.  
In April, 1998, the Bankruptcy Court approved the motions of the three holders
of Old Notes.  As a result the three holders of Old Notes will be entitled to
receive a total of 531 shares of common stock and the partial liquidating 
distribution of $5.35 per share for the exchange of their Old Notes and the 
surrender of the Convertible Notes.  The partial liquidataion distribution 
payable and the outstanding shares of common stock at March 1, 1998 and 
December 31, 1997 includes the 531 shares, but does not include any amounts 
that may be owed to the remaining holders of Old Notes.

<PAGE>

The outstanding shares of stock at February 16, 1998 that received the 
partial liquidating distribution on March 9, 1998 does not include 11,713
of common shares issuable to Convertible Noteholders who have failed to
surrender their Convertible Notes in exchange for common stock.

Subsequently, 82 shares of common stock and the underlying partial
liquidating distribution of $5.35 per share were issued as a result of the
surrender of Convertible Notes.  The partial liquidation distribution payable
and the outstanding shares of common stock reflected in the financial statements
at March 31, 1998 and December 31, 1997 include the 11,631 and 11,713 shares, 
respectively and the resulting partial liquidating distribution due to the
unsurrendered Convertible Noteholders.



(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 expire on July 1, 1998. Fidelity
has made two claims fora total of $48,000 against the escrow, which the
Company did not dispute.


<PAGE>
	On December 12, 1997 Fidelity also asserted an indemnification
claim of approximately $2.5 million against the escrow account. 
Fidelity's claim is based upon two claims by a third party against 
Fidelity, as Century's successor in interest.  Fidelity reserved the
right to seek an additional disbursement from the escrowed funds in 
the event Fidelity's ultimate liability to the third party exceeded 
the approximate $2.5 million claim.

	The third party's claims against Fidelity relate to amounts 
allegedly due for reserves that were to be established by Century under
certain agreements with the third party.  The first claim relates to a 
$200,000 deposit with Century from the third party under a guarantee
agreement.  When Century sold substantially all of 
their assets, Fidelity was given a reduction in the purchase
price for the $200,000 deposit and agreed to assume Century's obligations
to the third party related to the deposit.  Century has been advised by
Fidelity that this claim has been resolved with the third party.

	The second claim by the third party relates to an alleged
$2.3 million second reserve account.  Century has advised Fidelity and the
third party that neither Century nor any of its subsidiaries held any
other deposits or reserves for the third party other than the
aforementioned $200,000 deposit.  While the Company has agreed to 
indemnify Fidelity in this mater, the Company believes this claim of the
third party is without merit and is actively defending the third party
claim.

	The Escrow Agent has advised the Company that it will not 
release any of the contested escrowed funds until it receives non-conflicting
written instructions from Century and Fidelity as to the disposition of the
escrowed funds or an order of an arbitrator or Court having jurisdiction over
the matter.  As previously mentioned, the Company is actively attempting to
resolve the $2.3 million claim with the third party so that Fidelity will agree
to the release of the escrowed funds. 


<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.

	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.


<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 
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.

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
March 31, 1998 and the Compnay'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 $9,846,000  in 
distributions or approximately $7.29 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. 


<PAGE>

Partial Liquidating Distribution

	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 common stock of 1,338,140 on 
February 16, 1998 is exclusive of 12,140 shares of common stock
issuable to holders of Old Notes who have failed to surrender
their Old Notes.  The Company has submitted an application to the
Bankruptcy Court to confirm the Company's right to disregard 
recognition of the ownership rights claimed by holders of Old
Notes in accordance with the 1993 plan of reorganization.  How-
ever, as of the payment record date of February 16, 1998, three
holders of Old Notes had notified the Company of their intention
to file a motion with the Bankruptcy Court to request a late 
exchange of their Old Notes for Non-Convertible Notes, Convertible
Notes, and common stock.  In April, 1998, the Bankruptcy Court 
approved the motions of the three holders of Old Notes.  As a 
result the three holders of Old Notes will be entitled to receive
a total of 531 shares of common stock and the partial liquidating
distribution of $5.35 per share for the exchange of their Old Notes
and the surrender of the Convertible Notes.  The partial liquidation
distribution payable and the  
outstanding shares of common stock at March 31, 1998 and December
31, 1997 includes the 531 shares, but does not include any amounts
that may be owed to the remaining holders of Old Notes.

	The outstanding shares of stock at February 16, 
1998 that received the partial liquidating distribution on March
9, 1998 does not include 11,713 of common shares issuable to
Convertible Noteholders who have failed to surrender their 
Convertible Notes in exchange for common stock.  
<PAGE>

	Subsequently, 82 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 and the outstanding shares of 
common stock reflected in the financial statements at March 31, 
1998 and December 31, 1997 include the 11,631 and 11,713 shares, 
respectively, and the resulting partial liquidating distribution
due to the unsurrendered Convertible Noteholders.

	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.

<PAGE>

Conversion of Convertible Notes and Retired Stock

	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 March 31, 1998, 
11,631 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.

<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 CenCor in full payment of the accrued 
interest due on the Junior Secured 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 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 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 CenCor had subsequently reassigned the charged off receivables
to Concorde.  

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

	The Company's assets at March 31, 1998 and December 31, 1998
consist primarily of cash and cash equivalents, an income tax receivable
refund, 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 at March 31, 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 March 31, 1998
represents the balance due to unsurrendered Convertible Note 
holders and to the previously mentioned three holders of Old 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 three months ended March 31, 1998, the Company's
source of income was from short-term government and government-
agency investments.

	The Company's expenses for the three months ended March 31, 
1998 consisted mainly of salaries, professional and consulting fees,
and other liquidating expenses.

<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 monitoring 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 the distributions 
are made to the 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 final 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 

	The Company's 1990, 1991, and 1992 federal income tax 
returns were examined by the Internal Revenue Service (IRS),  
which has proposed certain adjustments, a portion of which have 
been protested by the Company.  The Company has recently reached a
tentative agreement with the IRS.  Based upon the tentative 
agreement, the Company's NOL carryforward for federal income tax
purposes, at December 31, 1997 is expected to be approximately 
$30,000 and the Company's alternative minimum tax (AMT) credit 
carryforward is expected to be approximately $577,000.

	Based upon the terms of the tentative agreement, the 
Company has recorded in other assets a net recoverable for income
taxes of $488,000 and $595,000 at March 31, 1988 and December 31,
1997, respectively. The net recoverable for income taxes at 
December 31, 1997 also includes a $107,000 refund for state income
taxes which was received in March, 1998.

	Although no assurances can be made, the Company believes it
will settle the IRS exam under the tentative agreement and that the
amount of the net recoverable is reasonable.

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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 May 15, 1998		/s/ Jack L. Brozman		
				Jack L. Brozman, President



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