FORM 10-QSB

                  SECURITIES AND EXCHANGE COMMISSION
                        Washington D.C.  20549

             Quarterly Report Under Section 13 or 15 (d)
                Of the Securities Exchange Act of 1934


              For Quarter Ended        June 30, 2000

             Commission File Number    2-94704-NY


                               NTC HOLDINGS, INC.
        (Exact name of registrant as specified in its charter)


           NEW YORK                                 11-2647209
     (State or other jurisdiction of               (IRS Employer
   incorporation or organization)               Identification No.)


                  6975 SOUTH UNION PARK CENTER # 600
                      SALT LAKE CITY, UTAH 84047
               (Address of principal executive offices)


Registrant's telephone number
including area code                                         (801) 256-9600



             Former Address, if changed since last report

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 such shorter period that the
registrant was required to file such reports)

                            Yes X   No

and (2) has been subject to such filing requirements for the past 90 days.


                           Yes X    No


                            22,590,800
                     (Number of shares of common
                       stock the registrant had
                   outstanding as of July 13, 2000)


                                PART 1

ITEM 1 - FINANCIAL STATEMENTS


     The condensed financial statements included herein have been prepared by
the Company, pursuant to the rules and regulations of the Securities and
Exchange Commission.

     In the opinion of the Company, all adjustments, consisting of only normal
recurring adjustments, necessary to present fairly the financial position of
the Company as of June 30, 2000 and the results of its operations and changes
in its financial position from September 30, 1999 through June 30, 2000 have
been made.  The results of its operations for such interim period is not
necessarily indicative of the results to be expected for the entire year.


                          NTC HOLDINGS, INC.
                            Balance Sheet


                                ASSETS

                                           June 30,    September 30,
                                             2000         1999
                                                       (Audited)

     TOTAL ASSETS           $               -              $       -


                 LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

     Accounts Payable           $          5,108            $      5,108
     Taxes Payable                           300                     300
     Interest Payable                      1,218                     909
     Notes Payable                         5,127                   5,127

     Total Current Liabilities
                                          11,753                    11,444


STOCKHOLDERS' EQUITY

     Common Stock 26,000,001 shares
        authorized at $.001 par value;
        22,590,800 shares issued and
         outstanding                       22,591                22,591
     Capital in Excess of Par Value
                                           263,551               263,551
     Retained Deficit                     (297,895)             (297,586)

     Total Stockholders' Equity            (11,753)               (11,444)

   TOTAL LIABILITIES AND STOCKHOLDERS'
   EQUITY                           $              -         $        -




                          NTC HOLDINGS, INC.
                       Statements of Operations



                     For the Three  For the Three   For the Nine For the Nine
                     Months Ended   Months Ended    Months Ended Months Ended
                     June 30,        June 30,       June 30,      June 30,
                       2000            1999           2000         1999
                    (Unaudited)     (Unaudited)   (Unaudited)    (Unaudited)
REVENUE               $  -             $  -              $-         $-

EXPENSES

     Depreciation        -                -               -        319
     Dues and Fees       -                -                -         -
     Interest           103              103              309      309

Total Expenses          103              103              309      628

NET INCOME
(LOSS) - Before
  Taxes               $(103)     $       (103)         $  ( 309    $(628)

     Taxes              -                 -                 -       -

INCOME (LOSS)      $    (103)    $       (103)         $   (309) $   (628)

Loss Per Common
    Share           $    -        $        -            $     -  $     -

Average
Outstanding
Shares             22,590,800        22,590,800    22,590,800    22,590,800


                            NTC HOLDINGS, INC.
                    Statements of Stockholders' Equity
                               June 30, 2000


                                                 Capital in
                             Common     Common    Excess of         Accumulated
                             Shares     Stock     Par Value         Deficit

Balance, September 30, 1998
    (Audited)             22,590,800    22,591      263,551   (296,555)

Loss for the Year             -            -           -       (1,031)

Balance, September 30, 1999
    (Audited)             22,590,800     22,591     263,551    (297,586)

Loss, June 30, 2000           -              -          -         (309)

Balance, June 30, 2000
    (Unaudited)           22,590,800     $    22,591 $ 263,551  (297,895)



                            NTC HOLDINGS, INC.
                         Statements of Cash Flows
                                (unaudited)

                                              For the Nine      For the Nine
                                              Months Ended      Months Ended
                                               June 30,         June 30,
                                                2000             1999
CASH FLOWS FROM
     OPERATING ACTIVITIES
   Net Income (Loss)                              $    (309)  $   (628)
   Depreciation                                          -         319
   Increase (Decrease)
     in Accounts Payable/Interest Payable               309        309
   Increase in Taxes Payable                             -           -
                                                         -           -

CASH FLOWS FROM
  INVESTING ACTIVITIES
   Purchase of Assets                                     -          -
                                                          -          -
CASH FLOWS FROM
  FINANCING ACTIVITIES
   Issuance of Common Stock for Debt                       -         -
            Issuance of Note Payable                       -         -
                                                           -         -

INCREASE (DECREASE) IN CASH
  AND CASH EQUIVALENTS                                     -         -

CASH AND CASH EQUIVALENTS
   AT THE BEGINNING OF PERIOD                                -       -

CASH AND CASH EQUIVALENTS
  AT END OF PERIOD                        $                 -          -

CASH PAID DURING THE PERIOD FOR:
   Interest                                              $   -         $  -
   Income Taxes (Including
       Interest & Penalties)                              $  -          $-



                          NTC HOLDINGS, INC.
                  Notes to the Financial Statements
                            June 30, 2000

NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES

     Organization and Business - The Company was organized in May 1983 in the
State of New York under the name of "National Thoroughbred Corporation."
Subsequently, the name was changed to "NTC Holdings, Inc."  Although
originally formed to engage in purchasing,  breeding and selling Thoroughbred
horses, the company's management anticipates merging  with an as yet
unidentified on-going business in the future.

NOTE 2 -INCOME TAXES

     The Company adopted Statement of Financial Standards No. 109 "Accounting
for Income taxes" in the fiscal year ended September 30, 1999 which was applied
retroactively.

     Statement of Financial Accounting Standards No. 109 " Accounting for
Income Taxes"  requires an asset and liability approach for financial
accounting and reporting for income tax  purposes.  This statement recognizes
(a) the amount of taxes payable or refundable for the  current year and (b)
deferred tax liabilities and assets for future tax consequences of events
that have been recognized in the financial statements or tax returns.

     Deferred income taxes result from temporary differences in the
recognition of accounting transactions for tax and financial reporting
purposes.   There were no temporary differences  at September 30, 1999 and
earlier years; accordingly, no deferred tax liabilities have been recognized
for all years.

     The Company has cumulative net operating loss carryforwards of
approximately $290,000 at September 30, 1999.  No effect has been shown in the
financial statements for the net operating loss carryforwards as the
likelihood of future tax benefit from such net operating  loss carryforwards
is not presently determinable.  Accordingly, the potential tax benefits of
the net operating loss carryforwards, estimated based upon current tax
rates at September 30,  1999 have been offset by valuation reserves of the
same amount.

     The Company has available approximately $290,000 in net operating loss
carryforwards that will begin to expire in the year 2003.  The Company has
accrued $300 per year minimum state income taxes.

NOTE 3 - NOTES PAYABLE

     In 1997, DHM Enterprises advanced $5,127 in funds for company operations.
The  board of directors approved a convertible debenture instrument for the
accounts payable to 5,000,000 shares of common stock.  The debenture is due on
July 14, 2001 and has an interest rate of 8%.  The conversion feature is at
the option of the bond holder.


                          NTC HOLDINGS, INC.
                  Notes to the Financial Statements
                            June 30, 2000

NOTE 4 - USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS

     The preparation of financial statements in conformity with generally
accepted accounting  principles requires management to make estimates and
assumptions that affect reported  amounts of assets and liabilities,
disclosure of contingent assets and liabilities at the date of  the financial
statements and revenues and expenses during the reporting period.  In these
financial statements, assets, liabilities and earnings involve extensive
reliance on  management's estimates.  Actual results could differ from those
estimates.

ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
         AND RESULTS OF OPERATIONS.

     Liquidity and Capital Resources.  The Registrant had approximately
$(11,753) as operating capital at June 30, 2000, compared to $(11,041) for the
same period last year. The Registrant intends to raise additional funds as
needed through private placements with accredited and sophisticated investors.

     Results of Operation.  Due to the lack of operations during the quarter
ended June 30, 2000, the registrant had net loss of $(103), compared to net
loss of $(103) for the same period last year. The registrant had net loss of
$(309) for the nine months ended June 30, 2000, compared to net loss of $(628)
for the same period last year.

     Plan of Operations.  The Company is currently in the process of looking
for business opportunities to acquire or merge with.  There is no guarantee
that management will be successful in finding such an opportunity.  The
Company is also in the process of bringing all of its periodic reports
current for filing with the Securities and Exchange Commission. During this
process, the Company intends to raise operational capital through private
placements.

                                        PART II

OTHER INFORMATION

Item 1.   Legal Proceedings.                                     None
Item 2.   Changes 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.                      None

                              SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned authorized officer.


Dated July 13, 2000
                                                NTC Holdings, Inc.

                                                /s/ Dean Becker