U.S. Securities and Exchange Commission

                            Washington, D.C. 20549


                                 FORM 10-QSB

 (Mark One)
   [ X ]    QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
            EXCHANGE ACT OF 1934

            For the quarterly period ended December 31, 2000

   [   ]    TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
            EXCHANGE ACT OF 1934

            For the transition period from                    to

            Commission file number: 000-26740

                         AMERICAN HEALTHCHOICE, INC.
      (Exact name of small business issuer as specified in its charter)

                 New York                                    11-2931252
      (State or other jurisdiction of                     (I.R.S. Employer
      incorporation or organization)                    Identification No.)

      1300 W. Walnut Hill Lane, Suite 275, Irving, TX          75038
      (Address of principal executive offices)               (Zip Code)

                                (972) 751-1900
                         (Issuer's telephone number)

      Check whether the issuer (1) filed all reports required to be filed  by
 Section 13 or 15(d) of the  Exchange Act during the  past 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 [  ]

      As of December 31,  2000, there were  outstanding 80,559,259 shares  of
 the issuer's Common Stock, par value $.001 per share.

 Transitional Small Business Disclosure Format (check one)

      Yes [   ]      No [X]



                         AMERICAN HEALTHCHOICE, INC.

                             INDEX TO FORM 10-QSB

                   For the Quarter Ended December 31, 2000




       Part I Financial Information

          Item 1.  Financial Statements

            Consolidated Balance Sheet ........................       2

            Consolidated Statement of Operations ..............       3

            Consolidated Statement of Cash Flows ..............       4

            Notes to Consolidated Financial Statements ........       5


          Item 2.  Management's Discussion and Analysis or Plan
                   of Operation ...............................       6

       Part II Other Information

          Item 1.  Legal Proceedings...........................       7

          Item 2.  Changes in Securities and Use of Proceeds...       7

          Item 3.  Defaults upon Senior Securities.............       7

          Item 4.  Submission of Matters to a Vote of Security
                   Holders ....................................       7

          Item 5.  Other Information...........................       7

          Item 6.  Exhibits and Reports on Form 8-K............       7


       Signatures  ............................................       8




                        PART I. FINANCIAL INFORMATION

 Item 1. Financial Statements

                         AMERICAN HEALTHCHOICE, INC.
                               AND SUBSIDIARIES

                          CONSOLIDATED BALANCE SHEET
                                 (Unaudited)
                              DECEMBER 31, 2000

                                 ASSETS


 Current Assets:
 Cash                                                         $      2,613
 Accounts receivable, less allowance for doubtful
   accounts of $8,373,462                                        7,619,680
 Advances and notes receivable                                      74,186
 Other current assets                                               71,800
                                                               -----------
      Total current assets                                       7,768,279

 Property and equipment, net                                       470,200
 Goodwill, net                                                   3,720,664
 Other assets                                                      427,963
                                                               -----------
      Total assets                                            $ 12,387,106
                                                               ===========


                  LIABILITIES AND STOCKHOLDERS' EQUITY

 Current Liabilities:
 Current portion of capital lease obligations                 $     58,365
 Current bankruptcy claims                                         446,800
 Accrued payroll and payroll taxes                                 230,101
 Accounts payable and accrued expenses                             179,843
                                                               -----------
      Total current liabilities                                    915,109

 Convertible debentures                                          3,697,000
 Notes payable to related parties                                  957,500
 Long-term bankruptcy claims                                       761,250
                                                               -----------
      Total liabilities                                          6,330,859

 Commitments                                                             _

 Stockholders' Equity:
 Preferred stock, $.001 par value; 5,000,000 shares
   authorized; none issued                                               -
 Common stock, $.001 par value; 115,000,000 shares
   authorized; 80,559,259 shares issued and outstanding             80,559
 Options to acquire common stock                                   150,104
 Additional paid-in capital                                     18,871,250
 Accumulated deficit                                           (13,045,666)
                                                               -----------
      Total stockholders' equity                                 6,056,247
                                                               -----------
      Total liabilities and stockholders' equity              $ 12,387,106
                                                               ===========


      See accompanying notes to these consolidated financial statements.





                         AMERICAN HEALTHCHOICE, INC.
                               AND SUBSIDIARIES

                    CONSOLIDATED STATEMENTS OF OPERATIONS
                                 (Unaudited)
                                              Three Months Ended December 31,
                                              -------------------------------
                                                     1999           2000
                                                  ----------     ----------
 Net Patient Revenues                            $ 1,014,685    $ 1,235,847

 Operating Expenses:
   Compensation and benefits                         641,138        695,218
   Depreciation and amortization                      24,000        135,205
   General and administrative                        254,085        331,415
   Rent expense                                       78,900         80,167
                                                  ----------     ----------
      Total operating expenses                       998,123      1,242,005

 Other Income (Expense):
   Gain on disposition of clinic                      29,000              -
   Interest expense and other costs of borrowing     (18,012)       (26,063)
   Other income                                            -         50,000
                                                  ----------     ----------
      Total other income                              10,988         23,937
                                                  ----------     ----------
 Income Before Taxes                                  27,550         17,779

 Taxes                                                     -          6,000
                                                  ----------     ----------
 Net Income                                      $    27,550    $    11,779
                                                  ==========     ==========

 Basic and Diluted Net Income Per Share          $         -    $         -


 Weighted Average Common Shares Outstanding       28,144,259     80,121,057


      See accompanying notes to these consolidated financial statements.




                         AMERICAN HEALTHCHOICE, INC.
                               AND SUBSIDIARIES

                    CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (Unaudited)

                                                 Three Months Ended December 31,
                                                 -------------------------------
                                                         1999         2000
                                                       ---------    ---------
 Cash Flows From Operating Activities:
 Net income                                           $   27,550   $   11,779
 Adjustments to reconcile net income to
   net cash used in operating activities:
   Allowance for doubtful accounts                       386,600      639,717
   Gain on disposition of Conyers clinic assets          (29,000)           -
   Gain on cancellation of options                             -      (50,000)
   Employee compensation-stock                                 -       21,900
   Depreciation and amortization                          24,000      135,205
 Change in operating assets and liabilities, net:
   Accounts receivable-trade                            (517,450)    (828,816)
   Other current assets                                   (3,000)     (36,401)
   Accounts payable and accrued expenses                 106,503       37,829
                                                       ---------    ---------
        Net cash used in operating activities             (4,797)     (68,787)

  Cash Flows From Investing Activities:
   Property and equipment, net                            (5,000)     (11,801)
                                                       ---------    ---------
        Net cash used in investing activities             (5,000)     (11,801)

 Cash Flows From Financing Activities:
   Proceeds from notes payable                            25,000       50,000
   Payments on notes payable and capital leases          (19,665)      (7,500)
                                                       ---------    ---------
        Net cash provided by financing activities          5,335       42,500

 Net Decrease In Cash                                     (4,462)     (38,088)
 Cash At Beginning Of Year                                28,862       40,701
                                                       ---------    ---------
 Cash At End Of Period                                $   24,400   $    2,613
                                                       =========    =========

 Supplemental Disclosure Of Cash Flow Information:
   Income taxes paid                                  $        -   $        -
   Interest paid                                               -        2,219

 Supplemental Disclosure Of Non-Cash Transactions:
   Offset notes payable against accounts receivable,
     equipment and goodwill                              289,534            -
   Issuance of stock in connection with financing
     activities                                                -       12,500
   Issuance of stock in connection with employment
     agreements                                                -      222,875


      See accompanying notes to these consolidated financial statements.




                         AMERICAN HEALTHCHOICE, INC.
                               AND SUBSIDIARIES

                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 1.   Organization

 American HealthChoice, Inc.  and subsidiaries  (the Company)  consists of  a
 parent company and thirteen clinics providing medical, physical therapy, and
 chiropractic services in  San Antonio, McAllen,  Laredo, San Benito,  Corpus
 Christi and Houston, Texas, and New  Orleans, Louisiana.  Substantially  all
 of the Company's  revenues are derived  from chiropractic, physical  therapy
 and medical services provided to individuals  living in the vicinity of  the
 clinics.


 2.   Basis of Presentation

 The accompanying unaudited interim consolidated financial statements of  the
 Company have been  prepared pursuant  to the  rules and  regulations of  the
 Securities  and  Exchange  Commission.    Certain  information  in  footnote
 disclosures normally included in financial statements prepared in accordance
 with generally accepted accounting principles have been condensed or omitted
 pursuant to these rules and regulations. The accompanying unaudited  interim
 consolidated financial statements reflect all adjustments which the  Company
 considers necessary for a fair presentation of the results of operations for
 the interim periods covered and for  the financial condition of the  Company
 at the date of the interim balance  sheet.  All such adjustments (except  as
 otherwise disclosed herein) are of a normal recurring nature.

 The results of operations for the  three months ended December 31, 2000  are
 not necessarily indicative of the results to be expected for the full  year.
 It is suggested that the December 31, 2000 financial information be read  in
 conjunction with the financial statements and notes thereto included in  the
 Company's Form 10-KSB dated September 30, 2000.


 3.   Summary of Significant Accounting Policies

 Consolidation policy  - The  accompanying condensed  consolidated  financial
 statements  include  the  accounts  of  the  Company  and  its  wholly-owned
 subsidiaries.   All material  inter-company accounts  and transactions  have
 been eliminated in consolidation.

 Net patient revenues - Revenue is  recognized upon performance of  services.
 Substantially all  of  the  Company's  revenues  are  derived  from  patient
 insurance settlements,  claims filed  on  major medical  policies,  worker's
 compensation policies, Medicare, and Medicaid.  Allowances for discounts  on
 services provided  are recognized  in the  periods  the related  revenue  is
 earned.   Allowances  are maintained  at  levels considered  appropriate  by
 management based  upon historical  charge-off experience  and other  factors
 deemed pertinent by management.

 Property and equipment, net - Property and equipment are stated at cost less
 accumulated depreciation.    Depreciation  is provided  over  the  estimated
 useful lives  of  the  related assets,  primarily  using  the  straight-line
 method.  Leasehold improvements are amortized over the shorter of the  lease
 term or the estimated useful lives of the improvements.

 Earnings per  share  - Basic  earnings  per  share are  computed  using  the
 weighted-average number of common shares outstanding.  Diluted earnings  per
 share are  computed using  the  weighted-average common  shares  outstanding
 after giving effect to  potential common stock from  stock options based  on
 the treasury  stock  method,  plus  other  potentially  dilutive  securities
 outstanding.  If the result of assumed conversions is dilutive, net earnings
 are adjusted for  the interest expense  on the convertible  debt, while  the
 average shares of common stock outstanding are increased.

 4.   Employment Agreements

 Effective October 1, 2000, the Company entered into a three-year  employment
 agreement with its President and Chief Executive Officer for an annual  base
 salary of $250,000.  As added consideration for entering into the employment
 agreement, this  individual  received  5,200,000  shares  of  common  stock.
 Effective October 1,  2000, United Chiropractic  Clinic of  Uptown, Inc.,  a
 subsidiary of the Company, entered into a two year employment agreement with
 a director, who serves as clinic director at the New Orleans Uptown  clinic,
 for an annual base salary of $150,000.  As added consideration for  entering
 into the employment agreement, this individual received 3,215,000 shares  of
 common stock.  Effective October 1, 2000, the Company entered into a  three-
 year employment agreement with its Chief Financial Officer and Secretary for
 an annual base salary of $110,000.  As added consideration for entering into
 the employment agreement, this individual received 500,000 shares of  common
 stock.  The shares issued to these individuals bear a "Rule 144" restrictive
 legend and are  valued at  $0.025 per share,  which was  the estimated  fair
 market value as of October 1, 2000.   The $222,875 value of these shares  is
 being amortized over the period of the employment agreements.


 Item 2.   Management's Discussion and Analysis or Plan of Operation

 Results of Operations

 The following discussion and analysis should be read in conjunction with the
 Consolidated Financial Statements and Notes thereto, and is qualified in its
 entirety by the foregoing and by  other more detailed financial  information
 appearing elsewhere.

 Three Months Ended December 31, 2000 Compared to Three Months Ended December
 31, 1999

      Net Patient Revenues.   For the three months  ended December 31,  2000,
 net patient revenues increased from $1,015,000  for the same period in  1999
 to  $1,236,000  in  2000.    Approximately  $504,000  of  the  increase  was
 attributable to  net  patient revenue  for  the three  clinics  acquired  in
 September 2000.   The increase  from the acquired  clinics was  offset by  a
 decrease of  $208,000 attributable  to the  Georgia clinics  sold in  fiscal
 2000.

      Compensation and Benefits.   For the  three months  ended December  31,
 2000, compensation and benefits increased from $641,000 in 1999 to  $695,000
 in 2000.    Approximately  $176,000 of  the  increase  was  attributable  to
 compensation and benefits for the three clinics acquired in September  2000.
 The increase from the acquired clinics was offset by a decrease of  $119,000
 attributable to the Georgia clinics sold in fiscal 2000.

      Depreciation and Amortization.  For the three months ended December 31,
 2000, depreciation  and  amortization  increased from  $24,000  in  1999  to
 $135,000 in  2000.   The  increase  was  primarily due  to  amortization  of
 goodwill in the amount  of $97,000 attributable to  the clinics acquired  in
 September 2000.

      General and Administrative.   For the three  months ended December  31,
 2000, general and  administrative increased  from $254,000  for fiscal  year
 1999 to  $331,000  in  2000.  Approximately  $88,000  of  the  increase  was
 attributable to general  and administrative expenses  for the three  clinics
 acquired in  September 2000.  The increase  from  the acquired  clinics  was
 offset by a decrease of $49,000 attributable to the Georgia clinics sold  in
 fiscal 2000.

      Rent.  For  the three months  ended December 31,  2000, rent  increased
 from $79,000 in 1999  to $80,000 in  2000.  The  increase from the  acquired
 clinics was effectively offset by the decrease from the Georgia clinics.


 Liquidity and Capital Resources

 For the three  months ended December  31, 2000, net  cash used in  operating
 activities was  $69,000  compared  to $5,000  for  the  three  months  ended
 December 31, 1999.  The increase is primarily attributable to an increase in
 accounts receivable, net of allowance for doubtful accounts, of $189,000  in
 2000 compared to an increase of $131,000 in the 1999 period.  Net cash  used
 in operating activities was financed by proceeds from notes payable.


 Forward-Looking Information

 This report  contains  certain forward-looking  statements  and  information
 relating to  the Company  that are  based on  the beliefs  of the  Company's
 management  as  well  as  assumptions  made  by  and  information  currently
 available to the Company's management. When  used in the report, words  such
 as "anticipate," "believe,"  "estimate," "expect,"  "intend," "should,"  and
 similar expressions,  as  they relate  to  the Company  or  its  management,
 identify forward-looking statements.   Such statements  reflect the  current
 views of  the Company  with respect  to  future events  and are  subject  to
 certain risks, uncertainties,  and assumptions relating  to the  operations,
 results of  operations,  liquidity,  and growth  strategy  of  the  Company,
 including competitive factors  and pricing pressures,  changes in legal  and
 regulatory requirements, interest  rate fluctuations,  and general  economic
 conditions, as well as other factors  described in this report.  Should  one
 or more of  the risks materialize,  or should  underlying assumptions  prove
 incorrect, actual  results  or  outcomes  may  vary  materially  from  those
 described herein as anticipated, believed, estimated, expected, or intended.


                         Part II.  OTHER INFORMATION

 Item 1.  Legal Proceedings

 There have been no material events related to legal proceedings reported  in
 the Registrants 10-KSB filed January 16, 2001.


 Item 2.  Changes in Securities and Use of Proceeds

 Not applicable


 Item 3.  Defaults upon Senior Securities

 None to report


 Item 4.  Submission of matters to a vote of security holders

 None to report


 Item 5.  Other Information

 None


 Item 6.  Exhibits and Reports on Form 8-K

 None to report




                               SIGNATURES

      In accordance with Section 13 or  15(d) of the Securities Exchange  Act
 of 1934, the Registrant caused this Report to be signed on its behalf by the
 undersigned, thereunto duly authorized.



                               AMERICAN HEALTHCHOICE, INC.

 Date: February 20, 2001       By:  /s/ Dr. J.W. Stucki
                                    Dr. J.W. Stucki, Chief Executive
                                    Officer and President

 Date: February 20, 2001       By:  /s/John C. Stuecheli
                                    John C. Stuecheli, Chief Financial
                                    Officer and Vice President - Finance
                                    (Principal Financial and Accounting
                                    Officer)