U. S. SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C.  20549

                                FORM 10-QSB

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

                 For the Quarterly Period Ended June 30, 1998

                                     OR

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

           For the Transition Period From __________ to __________

                        Commission File Number 0-18974

                        Jordan American Holdings, Inc.
            (Exact name of registrant as specified in its charter)

              Florida                                    65-0142815
              -------                                    ----------
    (State or other jurisdiction                      (I.R.S. Employer
  of incorporation or organization)                 Identification Number)

        1875 Ski Time Square, Suite One, Steamboat Springs, CO  80487
        -------------------------------------------------------------
                   (Address of principal executive offices)

                               (970) 879-1189
                               --------------

         SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

Title of Each Class                  Name of Each Exchange on Which Registered
      None                                            None
      ----                                            ----

         Securities Registered Pursuant to Section 12(g) of the Act:
                        Common Stock, $.001 Par Value
                        -----------------------------
                             (Title of Class)

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 filing requirements
for the past 90 days.   Yes  X      No            
                            ---        ---

As of July 31, 1998, 10,408,876 shares of the registrant's common stock were
issued and outstanding.

<PAGE>
                        JORDAN AMERICAN HOLDINGS, INC.
                              AND SUBSIDIARIES
                              
                              Table Of Contents

PART I

ITEM 1  Financial Information

           Consolidated Balance Sheets                             3

           Consolidated Statements of Operations                   4

           Consolidated Statements of Cash Flows                   5

           Notes to Consolidated Financial Statements              6

ITEM 2  Management's Discussion and Analysis

           Operational Notes                                       8

           Risk Factors, Trends & Uncertainties                    9

           Results of Operations                                  11

           Liquidity and Capital Resources                        12



                                       2
<PAGE>
                                    PART I.
                                    ITEM 1. 
                            FINANCIAL INFORMATION

                        JORDAN AMERICAN HOLDINGS, INC.
                              AND SUBSIDIARIES 
                         Consolidated Balance Sheets
<TABLE>
<CAPTION>
                                                    (unaudited)      
                                                      June 30,    December 31,
                                                        1998           1997
<S>                                                <C>            <C>
ASSETS								
  Cash and cash equivalents                         $  175,825     $   51,286
  Marketable securities                                535,246        783,500
  Investment advisory fees receivable, net              87,570         99,178
  Receivable from clearing broker                       96,072         97,080
  Deposit with clearing broker                          25,000         25,000
  Prepaid expenses and other current assets             78,799         97,635
  Receivable from affiliates and officer                46,256         15,000
  Limited partnership investments                       50,000              0 
  Notes receivable                                     926,120        935,000
  Property and equipment, net                           85,542        220,575
                                                    -----------    -----------
    Total Assets                                    $2,106,430     $2,324,254
                                                    ===========    ===========
								
LIABILITIES AND STOCKHOLDERS' EQUITY								
  Accounts payable and accrued expenses             $  227,695     $  179,360
  Deferred investment advisory fees                     98,388        153,472
  Preferred stock dividend payable                     120,000              0
                                                    -----------    -----------
    Total Liabilities                               $  446,083     $  332,832
								
Stockholders' equity:                                            
  8% cumulative, convertible, non-voting preferred
   stock, $0.01 par value; authorized 5,000,000
   shares; 3,000,000 shares issued and outstanding      30,000        30,000
  Common stock, $0.001 par value; authorized
   20,000,000 shares; 10,408,876 shares issued
   and outstanding at June 30, 1998, and
   December 31, 1997                                    10,409         10,409
  Additional paid-in capital                         4,502,853      4,622,853
  Accumulated deficit                               (2,882,915)    (2,671,840)
                                                    -----------    -----------
    Total Stockholders' Equity                      $1,660,347     $1,991,422
                                                    -----------    -----------
    Total Liabilities and Stockholders' Equity      $2,106,430     $2,324,254
                                                    ===========    ===========
</TABLE>                                                         
         See accompanying notes to consolidated financial statements.
                                                       
                                       3
								
								
<PAGE>
                        JORDAN AMERICAN HOLDINGS, INC.
                              AND SUBSIDIARIES
                     Consolidated Statements of Operations
                                 (Unaudited)
<TABLE>
<CAPTION>
                                                            Three Months                  Six Months 
                                                            Ended June 30,              Ended June 30, 
                                                          1998         1997          1998         1997
<S>                                                   <C>          <C>           <C>         <C>
REVENUES                                                                       
  Investment advisory fees                              $214,907     $149,741      $385,275     $343,462 
  Commission income                                      125,936       61,084       237,556      180,537
                                                       ----------   ----------    ----------   ----------
    Total Revenues                                      $340,843     $210,825      $622,831     $523,999
  Selling, general and administrative expenses           507,416      507,141       985,609      915,928
                                                       ----------   ----------    ----------   ----------
    Operating Income (Loss)                            ($166,573)   ($296,316)    ($362,778)   ($391,929)
                                                                                                       
OTHER INCOME (LOSS)                                                                                                      
  Interest and dividend income                            38,965       35,930        60,852       77,656                
  Realized gain (loss) from investing and trading        (80,126)     (19,517)      (66,400)     (34,311)               
  Unrealized gain (loss) from investing and trading       79,922      (90,323)      101,996       19,608                
  Gain on disposal of building                            55,256         --          55,256         --
                                                       ----------   ----------    ----------   ----------
    Total Other Income (Loss), Net                       $94,017     ($73,910)     $151,704      $62,953
                                                       ----------   ----------    ----------   ----------
      Net Income (Loss)                                 ($72,556)   ($370,226)    ($211,074)   ($328,976)

    Dividends on preferred stock                          60,000       60,000       120,000      120,000
                                                       ----------   ----------    ----------   ----------
      Net Income (Loss) Attributable to Common Stock   ($132,556)   ($430,226)    ($331,074)   ($448,976)
                                                       ==========   ==========    ==========   ==========
                                                                                                        
Basic earnings (loss) per common share                    ($0.01)      ($0.04)       ($0.03)      ($0.04)
                                                       ----------   ----------    ----------   ----------
Diluted earnings (loss) per common share                  ($0.01)      ($0.04)       ($0.03)      ($0.04)
                                                       ----------   ----------    ----------   ----------
Weighted-average number of common shares outstanding: 
  Basic                                               10,408,876   10,600,903    10,408,876   10,637,105            
  Diluted                                             10,408,876   10,600,903    10,408,876   10,637,105            
</TABLE>                                
         See accompanying notes to consolidated financial statements.
														
                                       4  
														
<PAGE>
                        JORDAN AMERICAN HOLDINGS, INC.
                              AND SUBSIDIARIES
                    Consolidated Statements of Cash Flows
				(Unaudited)
<TABLE>
<CAPTION>
                                                    Six Months Ended June 30,
                                                        1998           1997
<S>                                                <C>            <C> 
Cash flows--operating activities                         
Net income (loss)                                   $ (211,074)    $ (328,976)
							
Adjustments to reconcile net income (loss) to
cash provided by (used in) operating activities:                                               
  Depreciation                                          13,351         11,922
  Realized (gain) loss from investing and trading       66,400         34,311
  Unrealized (gain) loss from investing and trading   (101,996)       (19,608)
  Gain on disposal of building                         (55,256)           --  
  Changes in operating assets and liabilities:   
    Investment advisory fees receivable                 11,608         32,495
    Trading marketable securities                      283,850         89,285
    Prepaid expenses and other current assets          (12,420)       (12,673)
    Accounts payable and accrued expenses               48,335       (144,263)
    Deferred investment advisory fees                  (55,084)       (89,306)
    Other receivables                                    1,008        (15,925)
                                                    -----------    -----------
        Net Cash Provided By (Used In)
        Operating Activities                        $  (11,278)    $ (442,738)
							
Cash flows--investing activities							
Investment in limited partnership                      (50,000)          --  
Principal received on notes receivable                   8,880          5,176
Proceeds from sale of building                         195,483           --
Capital expenditures                                   (18,546)        (1,519)
                                                    -----------    -----------
        Net Cash Provided By (Used In)                             
        Investing Activities                        $  135,817     $    3,657
							
Cash flows--financing activities							
Repurchase of common stock                                --         (107,751)
                                                    -----------    -----------
        Net Cash Provided By (Used In)
        Financing Activities                        $        0     $ (107,751)
                                                    -----------    -----------
        Net Increase (Decrease) in Cash
        and Cash Equivalents                        $  124,539     $ (546,832)

Cash and cash equivalents, beginning of period          51,286      1,725,056
                                                    -----------    -----------
Cash and cash equivalents, end of period            $  175,825     $1,178,224
                                                    ===========    ===========

Supplemental disclosure:
        Interest paid                               $    6,180     $      362 
</TABLE>                                                 
							
         See accompanying notes to consolidated financial statements.

                                       5                
<PAGE>
Notes to Consolidated Financial Statements (Unaudited)
------------------------------------------------------
In the opinion of management, the accompanying consolidated financial
statements contain all adjustments, consisting only of normal recurring
adjustments, necessary to present fairly the balance sheets of Jordan American
Holdings, Inc. ("Company" or "JAHI") and its subsidiaries as of June 30, 1998,
and December 31, 1997, and the results of operations for the three months and
six months ended June 30, 1998, and 1997, and the results of cash flows for
the six months ended June 30, 1998, and 1997, in accordance with generally
accepted accounting principles.  The results for interim periods are not
necessarily indicative of results for a full year.  (Please see "Management's
Discussion and Analysis" below.)

Percentage of assets investment advisory fees, for which refunds may be due to
clients, are billed in advance and are deferred and amortized into income over
the period in which services are performed.  Investment advisory fees based on
a percentage of the annual increase (performance, or incentive, fees) in the
market value of a client's portfolio, including interest and dividends, are
fully recognized when billed after the period of management, which is usually
twelve months after account inception and annually thereafter.  During the
third quarter of 1997, JAHI began serving as investment advisor to the Impact
Management Growth Portfolio ("Portfolio"), an open-end investment company
registered with the Securities and Exchange Commission.  Fees for management of
the Portfolio are paid to JAHI on a monthly basis.  Fee compensation which is
due to sales representatives is accrued monthly and is paid to sales
representatives quarterly.

Asset management contracts are generally terminable upon written notice from
the client(s) or the Company, and percentage of assets management fees billed
in advance are refundable on a pro-rata basis.  For additional information
regarding the Company's advisory business operations and policies, a copy of
disclosure document Form ADV, Part II is available without charge upon written
request to the Company.

The Company develops prospective investment advisory clients and investors
through seminars, money shows, occasional television and radio appearances,
direct contact, its web site (www.jahi.com or www.equityassets.com), sales
representatives, and referrals from clients, securities broker-dealers and
other sources. Prospective advisory clients receive Form ADV, Part II, as the
Company's disclosure document and provide information about themselves, their
investment experience, and their net worth through various new account forms
and other methods.

Approximately 93% of JAHI's clients execute brokerage transactions through
IMPACT Financial Network, Inc. ("IFNI"), a wholly-owned broker-dealer
subsidiary of JAHI and a member of the National Association of Securities
Dealers, Inc. ("NASD") and the Securities Investor Protection Corporation
("SIPC").  IFNI is compensated for securities transactions on behalf of the
Company's managed accounts by receipt of commissions.  IFNI does not hold
funds or securities for clients and does not have custody of accounts for
clients of the Company.  IFNI currently executes securities transactions
through Pershing & Co., a division of Donaldson, Lufkin, & Jenrette, a
securities corporation.  Pershing, a member of the SIPC, acts as clearing
house and custodian for accounts and processes all confirmations and monthly
statements for JAHI advisory clients who choose to maintain their accounts

                                       6
<PAGE>
with IFNI.  Commission income is recognized on a settlement date basis,
which does not differ materially from the trade date basis of accounting.

The Company's wholly-owned subsidiary, IMPACT Administrative Services, Inc.
("IASI"), an investment company services entity, is expected to receive
revenues of $165 per account from clients of the Portfolio and may provide
similar services to other mutual funds in the future.

Marketable securities consist primarily of corporate stocks and other
securities held in Company investment accounts.  Realized and unrealized gains
or losses result from the trading of securities and stock index futures
contracts in Company investment accounts.

Basic and diluted earnings per share and share equivalent are based upon the
weighted average number of share and/or share equivalents outstanding during
the period.  The calculations ignore common stock equivalent shares when their
inclusion in such calculations would have been anti-dilutive.

In February 1993, JAHI completed a $3 million private placement of 750,000
units.  Each unit is comprised of four shares of 8% cumulative convertible
non-voting preferred stock (the "Preferred Stock") and one share of Common
Stock.  The Preferred Stock is convertible at the rate of one share of Common
stock for each $3.50 in face amount of Preferred Stock converted.  The face
amount equals the initial offering price of $1.00 per share.  If at any time
the closing bid price of JAHI Common Stock exceeds $5.25 per share for a
period of thirty consecutive trading days, the Company may, upon thirty days'
written notice, convert the Preferred Stock to Common Stock using the above
conversion rate.

Preferred stock dividends are normally paid semi-annually as of June 30 and
December 31 of each year.  At the request of the holder of the Preferred Stock,
the Company agreed to pay the first semi-annual dividend of $120,000 on
July 31 of each year and the second semi-annual dividend of $120,000 on
November 30.  This arrangement was agreed to by both parties to assist the
holder of the Preferred Stock in its cash flow needs related to its charitable
giving as a private foundation.  This special arrangement has no material
impact on the annual operations and/or earnings of the Company.

In the third quarter of 1994, Wallace Neal Jordan established Jordan Assets,
Ltd.  For providing administrative services, the Company receives 100% of the
net income resulting from the collection of incentive and/or management fees,
if any, collected by Jordan Assets, Ltd., a privately held affiliate which
manages the Jordan Index Fund, L.P., (the "Index"), a limited partnership with
current assets of approximately $6.6 million.  The Index invests in stock
index futures contracts and other securities and receives as its fee 20% of
the Index's trading profits, if any.  Fees for this Index are accounted for as
deferred revenue until the annual billing date of the Index, which is July 31
of each year.  Fees to JAHI from the Index were approximately $90,000 in 1995
as compared to no revenues from the Index in 1996 and 1997.  No fees are
expected from the Index for July of 1998.  Additionally, potential investors
in the Company's common stock or warrants should understand that there is no
guarantee that the Index will continue to exist as a potential revenue source
for the Company.

                                       7
<PAGE>
The Financial Accounting Standards Board issued Statement of Financial
Accounting Standards No. 123, "Accounting for Stock Based Compensation" (SFAS
123), which is effective for fiscal years beginning after December 15, 1995.
SFAS recommends, but does not require, measuring compensation cost of stock
options at the grant date and recognizing the expense over the service period.
If the Company does not change its accounting method, SFAS 123 requires, at a
minimum, disclosure of the pro forma impact on net income and net earnings per
share.  The Company has determined that it will not change from its current
method of accounting but will continue to make the disclosures required by
SFAS 123, which can be found in the Company's 1997 10-KSB.

These interim period consolidated financial statements, including the notes
thereto, are condensed and do not include all disclosures required by generally
accepted accounting principles. Such interim period consolidated financial
statements should be read in conjunction with the Company's audited
consolidated financial statements which are included in the Company's 1997
Form 10-KSB which is contained in the Company's 1997 Annual Report to
shareholders and is available without charge upon request to JAHI Investor
Relations, 1875 Ski Time Square, Suite One, Steamboat Springs, Colorado, 80487,
(970) 879-1189; Fax: (970) 879-1272; E-mail:  info@jahi.com


                               PART I, ITEM 2
                    MANAGEMENT'S DISCUSSION AND ANALYSIS

                        JORDAN AMERICAN HOLDINGS, INC.
                              AND SUBSIDIARIES

Safe Harbor for Forward-Looking Statements
------------------------------------------
Information found in this report contains forward-looking implications which
may differ materially from actual results due to the success, or lack thereof,
of JAHI's management decisions, marketing and sales effectiveness, investment
decisions, and the management of clients' stock portfolios and pooled
investments as influenced by market conditions, Federal Reserve Board policy,
economic trends, political developments, domestic and international events and
other factors.  There can be no guarantee that any forward-looking implications
discussed and/or referenced in this report will have any impact, positive or
negative, upon the earnings, value and/or operations of the Company.


Operational Notes
-----------------
The Company plans to continue expenditures for marketing and related sales and
is pursuing business plans for asset gathering, business development and
creating exposure of the Company's common stock and warrants through seminars,
national investment shows, advertising, marketing materials, joint ventures
with other financial services professionals and other means.

The Company managed approximately $54 million in individually held fee-paying
equity portfolios at June 30, 1998.  During the six months ended June 30, 1998,
the Company experienced a net loss in total equity portfolio assets (fee and
non-fee) of approximately $9 million.  During 1997 the Company began serving as

                                       8
<PAGE>
investment advisor to the Impact Management Growth Portfolio ("Portfolio"), an
open-end investment company formed under the Impact Management Investment
Trust.  At June 30, 1998, the Portfolio had assets of approximately $4.4
million from which JAHI and IFNI receives management fees and brokerage
commissions, respectively.  At June 30, 1998, the Company and a privately held
affiliate were the advisor to approximately $66 million in fee-paying assets
in individually managed equity portfolios, the Portfolio and the Fund,
mentioned above.

Exceptional performance in percentage of profit (incentive) accounts may result
in substantial revenues for the Company while poor performance in the same
accounts may yield no revenues for the Company from approximately 56% of the
Company's total assets under management.  Additionally, because percentage of
profit accounts are billed on an annual basis for each respective client,
there may be a delay in billing revenue as long as eleven months from the time
when actual account performance was achieved.  Thus, exceptional performance
in percentage of profit accounts may benefit the revenues of the Company for
nearly one year after such performance was achieved as dependent on the billing
cycle of respective clients and other investment results in the respective
accounts.

Other than the dividend for the Company's Preferred Stock, there is no short
or long term plan for the Company to pay any dividends.


Risk Factors, Trends & Uncertainties
------------------------------------
Total assets under management and corporate earnings may substantially
increase or decrease due to stock market conditions, including the onset of a
long-term declining, or bear, market, performance returns as influenced by the
Company's investment advisory decisions, expense and related effectiveness of
marketing efforts, competition from mutual funds, other investment advisory
companies and insurance companies, interest rate changes and other actions
taken by the Federal Reserve Board, domestic and international economic and
political conditions, high inflation and/or recession, trends in business and
finance, international events, acts of terrorism and other factors.

The securities and commodities industries are subject to various risks and
intense regulation from the SEC, the NASD, the National Futures Association,
and the Commodity Futures Trading Commission.  Investment advisors, broker-
dealers, and commodity trading advisors are highly regulated by both federal
and state authorities and by other self-regulatory organizations.  Such
regulations may restrict both the types of investments and amount of
investments that JAHI may employ for its clients and itself.  The NASD, for
instance, has strict requirements for the maintenance of net capital
requirements by broker-dealers such as IFNI.  There can be no assurance that
any changes to existing laws, regulations or rulings promulgated by government
entities having jurisdiction over the Company's investment advisory, broker-
dealer, investment company-related and commodities trading business will not
have an adverse effect upon the business of the Company, or that, despite its
best efforts, the Company currently operates in full compliance with all
applicable law and regulations or will be able to remain in compliance with
all applicable law and regulations.  If the Company fails to maintain

                                       9
<PAGE>
compliance with all applicable regulations, JAHI and/or its subsidiaries may
be subject to various and significant fines, censures and other considerations
and penalties.

By law, investment advisors, broker-dealers, and investment companies are
fiduciaries and are required to serve their clients' interests with undivided
loyalty.  The affiliation between the Company and IFNI may continue to be
scrutinized by the regulatory authorities because of the potential conflict of
interest created by related-party transactions and may be subject to various
regulations which may affect the fees and charges of IFNI.  Additionally, as
the brokerage industry continues to become more competitive, fees for such
services may decline which result in a similar reduction in revenues from
trading transactions.

Findings contrary to industry regulations by one or more regulatory entities
may subject the Company to censures, fines and/or other liabilities, or cause
the Company to change its method of doing business.  The SEC requires that
business be conducted in the best interests of the clients and that such
arrangements be disclosed to them.  While the Company believes that its
existing policies, procedures and proposed relationships are in compliance
with applicable laws and regulations, findings to the contrary may have a
material adverse effect upon the Company.

Many aspects of the financial services industry involve substantial liability
risks, including but not limited to exposure under federal and state
securities laws in connection with the distribution of securities, brokerage
transactions, suitability and investment advisor activities.  Although the
Company currently maintains errors and omission insurance and other insurance
to protect against these types of liabilities, there can be no guarantee that
this coverage will necessarily protect the Company and its shareholders from
potential claims.

The Company operates in a highly competitive industry with competition from
other investment advisors, commodity trading advisors, broker-dealers, and
mutual fund managers in addition to investment alternatives offered by
insurance companies, banks, securities dealers and other financial
institutions.  Many of these institutions are able to engage in more extensive
advertising and may offer accounts insured by federal corporations such as the
Federal Deposit Insurance Corporation.  JAHI believes its investment strategy,
which centers around attempting to understand the general trend of the market
as assisted by certain proprietary analyses, coupled with its long-term track
record, make it an attractive alternative to traditional mutual funds and other
money managers, but there can be no guarantee that this is necessarily the case.

Management fees for the second quarter increased from the same period in 1997
due to improved performance in clients' managed accounts.  Despite this
increase in management fee revenue, unless account performance continues to
improve and/or asset gathering in general increases, or trading activity
improves or increases, the Company may continue to experience net losses on a
quarterly and annual basis.  Market conditions and other factors mentioned
above may materially impact this trend, either positively or negatively.

Long-term trends in retention of client assets since fiscal year-end 1995 show
that the Company has had a net loss in assets under management, i.e., more
assets in client accounts have departed from the Company's management than
were brought in as new managed assets.  This declining trend in total assets

                                      10
<PAGE>
under management may continue to have a direct negative impact upon the
Company's investment advisory revenues and related brokerage commissions.  It
is likely that future net income/loss of the Company will be substantially
impacted by the amount of assets under management, investment management
decisions and general stock market conditions, among other factors listed in
this report.

During 1997, the Nasdaq Stock Market formalized new standards for continued
listing of securities on the Nasdaq Small Cap Market.  There can be no
guarantee that the Company will be able to meet or maintain these standards,
which include but are not limited to a minimum share price of $1.00 or greater
for common stock for small-capitalization companies such as Jordan American
Holdings, Inc.  Should the Company not be able to meet or maintain the listing
standards, the Company's common stock may be de-listed and be traded on the
OTC Bulletin Board or OTC Pink Sheets.  Such an event, if it occurs, may
adversely effect the trading and liquidity of the Company's common stock.
Additionally, if the Company's securities are de-listed, proposed re-entry
standards may be much more difficult for the Company to achieve in order to
gain re-listing on the Nasdaq Small Cap Market.  The Company's common stock
currently does not meet the minimum bid price requirement for continued listing
on the Nasdaq Small Cap Market.  The potential de-listing of JAHI common stock
by Nasdaq has been petitioned by the Company and is currently undergoing
further review by  Nasdaq.

The SEC recently completed an examination of the Company.  As a result of this
examination, certain issues arose regarding possible violations of the
Securities Act of 1933, the Securities Exchange Act of 1934 and the Investment
Advisers Act of 1940 relating to the contingent "best efforts" private
placement offering for Boston Restaurants Associates, Inc.  The SEC has
initiated discussions with the Company's legal counsel with regard to these
issues and may be considering formal action against the Company.

Management and legal counsel to the Company cannot, at this time, predict with
any certainty the outcome of the SEC's examination or whether the resolution
will have a material effect on JAHI's operations or financial statements.  It
is anticipated that this matter will be resolved or settled with the SEC within
the year ended December 31, 1998.

Other than the foregoing, the Company is not a party in any material
litigation, and management has no knowledge of any threatened material
litigation against the Company.


Results of Operations
---------------------
The Company had a net loss for the three months ended June 30, 1998, of
($132,556) or ($0.01) per basic and diluted common share compared to a net
loss of ($430,226) or ($0.04) per basic and diluted common share for the same
period in 1997.  The improvement compared to the same period last year stems
from higher revenues from performance fee based managed accounts, higher
commission revenues and a significant improvement in other income, discussed in
more detail below.

For the three months ended June 30, 1998, revenues from investment advisory
fees totaled $214,907 compared to revenues from investment advisory fees of
$149,741 for the same period in 1997, an increase of approximately 44% due

                                      11
<PAGE>
primarily to higher revenues from performance fee based managed accounts
during the second quarter of fiscal 1998.

Commission income increased for the three months ended June 30, 1998, to
$125,936 compared to $61,084 for the same period in 1997, an increase of
approximately 106% due to increased securities transactions resulting from the
amount of securities being purchased and sold in client accounts as incidental
to management's investment advisory decisions based on technical and
fundamental considerations of individual securities, market conditions and
other factors.

Total other income was $94,017 for the three months ended June 30, 1998,
compared to ($73,910) for the same period in 1997.  This increase was primarily
due to increased trading income in Company investment accounts and a gain of
approximately $55,000 from the sale of the Company's condominium in Steamboat
Springs, Colorado.

Selling, general, and administrative ("SG&A") expenses of $507,416 were
incurred during the three month period ended June 30, 1998, compared to
similar SG&A expenses of $507,141 for the same period in 1997.


Liquidity and Capital Resources
-------------------------------
At June 30, 1998, the Company had cash and cash equivalents of $175,825 versus
$51,286 at December 31, 1997, an increase of approximately 243%.  This increase
is primarily due to the sale of certain marketable securities held at
December 31, 1997, proceeds from the sale of the Company's condominium,
mentioned above, and increased revenues from performance account billings and
commissions from securities transactions resulting from investment advisory
decisions.

Accounts payable and accrued expenses were $227,695 at June 30, 1998, compared
to $179,360 at December 31, 1997, an increase of approximately 27%.  Accruals
are based upon expenses as determined by management's estimate.

Cash flows provided by (used in) operating activities for the six months ended
June 30, 1998, were ($11,278) compared to ($442,738) for the same period in
1997.  Cash flows provided by (used in) investing activities for the six months
ended June 30, 1998, were $135,817 compared to $3,657 for the same period in
1997.  Cash flows provided by (used in) financing activities were $0 for the
six month period ended June 30, 1998, compared to ($107,751) for the same
period in 1997.

Current cash needs may not continue to be met during the next six months to one
year unless revenues from investment advisory fees and brokerage transactions
or other sources increase, or unless the Company liquidates its marketable
securities and/or other investments, or reduces SG&A significantly.

                                      12
<PAGE>

                                  SIGNATURES
   
In accordance with 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 thereunto duly authorized.


                                       JORDAN AMERICAN HOLDINGS, INC.



Dated:  August 10, 1998                By:  /s/ Charles R. Clark
                                            --------------------
                                                Charles R. Clark
                                                Chief Executive Officer


Dated:  August 10, 1998                By:  /s/ Frederick A. Whittlesey
                                            ---------------------------
                                                Frederick A. Whittlesey
                                                Chief Financial Officer


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