U.S. SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC  20549

                                   FORM 10-QSB

     (Mark One)

       Quarterly report under Section 13,  or 15 (d) of the Securities  Exchange
Act of 1934

     For the quarterly period ended January 31, 1996

       Transition report under Section 13 or 15 (d) of the Exchange Act 

     For the transition period from         to 

Commission file number          0-12122                                         
                                  

                          DANZAR INVESTMENT GROUP, INC.
       (Exact Name of Small Business Issuer as Specified in Its Charter):
      
           Colorado                                    84-0601802
  (State or Other Jurisdiction of                 (I.R.S. Employer
  Incorporation or Organization)                  Identification No.)
      
                    17770 Preston Road, Dallas, Texas   75252
                    (Address of Principal Executive Offices)
      
                                 (214) 733-3005
                (Issuer's Telephone Number, Including Area Code)
      
   (Former Name, Former Address and Former Fiscal Year, if Changed Since Last
Report)
      
     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 past 90 days.
   Yes       No
                     APPLICABLE ONLY TO ISSUERS INVOLVED IN
                       BANKRUPTCY PROCEEDINGS DURING THE 
                              PRECEDING FIVE YEARS

     Check whether the registrant filed all documents and reports required to be
filed by Section 12, 13, or 15 (d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court.
   Yes       No

                      APPLICABLE ONLY TO CORPORATE ISSUERS

     State the number of shares outstanding  of each of the issuer's classes  of
common equity, as of the latest practicable date:  74,940,317, common  stock, no
par value.

<PAGE>
                           DANZAR INVESTMENT GROUP INC.
      
                                    I N D E X

                                                  
                                                 Page No.

Part I         FINANCIAL INFORMATION:

          Item 1.   Condensed Balance 
                    Sheets                             3

                    Condensed Statements of
                    Operations                         4

                    Condensed Statements of 
                    Cash Flows                         5

                    Notes to Condensed
                    Financial Statements
                    (unaudited)                        6

          Item 2.   Management's Discussion
                    and Analysis of Financial
                    Condition and Results of
                    Operations                         6

Part II   OTHER INFORMATION                            7

<PAGE>
<TABLE>                          
                          DANZAR INVESTMENT GROUP INC.

                         PART I.   FINANCIAL INFORMATION

Item 1.  Financial Statements

                            CONDENSED BALANCE SHEETS


                                     ASSETS                                     
                                                                    
                              January 31, 1996      April 30, 1995
                                 (Unaudited)           (Audited)  
  <S>                               <C>                 <C>
  Cash                              $      66           $      66 
                    

                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)


 Accounts payable                   $   5,226           $   4,134 
 Advances from officer and 
  affiliates                              300                 300 
     Total current liabilities          5,526               4,434 

Stockholders' Equity (Deficit):
  Common stock no par value, 
  75,000,000 shares authorized;        
  74,940,317 shares issued  
  at July 31, 1995 and 
  April 30, 1995                        9,481               9,481 
Additional paid in capital            873,216             873,216 
Deficit                              (887,024)           (885,932)
   total                               (3,963)             (3,235)
Less treasury stock, 68,353 
  shares at cost                       (1,133)             (1,133)
        total                          (5,460)             (4,368)

                                    $      66           $      66 


See accompanying notes to these financial statements.
</TABLE>
<PAGE>
<TABLE>
                          DANZAR INVESTMENT GROUP INC. 

                       CONDENSED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)
                                        
                                   
                                        Nine Months Ended
                                           January 31, 
                                     1996               1995     

<S>                                 <C>                <C>
Income                              $     -            $     -   

Expenses                               1,093                 729 

Loss from operations                  (1,093)               (729)

Provision for taxes                 $     -            $      -   

NET LOSS                            $ (1,093)          $    (729)

LOSS PER COMMON SHARE*              $     *            $     *   

WEIGHTED AVERAGE NUMBER OF 
  SHARES OUTSTANDING              74,940,317            74,940,317 


*Net loss is less than $0.001 per share


See accompanying notes to these financial statements.
</TABLE>
<PAGE>
<TABLE>
                          DANZAR INVESTMENT GROUP INC. 

                       CONDENSED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)


                                                 Nine Months Ended
                                                    January 31,
                                               1996             1995      
<S>                                            <C>          <C>
CASH FLOWS FROM OPERATING ACTIVITIES:                                  
 Loss from operations                          $(1,093)     $  (729)
 Increase in accounts payable                    1,093          729 
 Increase in accrued expenses                      -             -  

     Net cash used by operating activities         -             -  
            
CASH FLOWS FROM INVESTING ACTIVITIES               -             -  

CASH FLOWS FROM FINANCING ACTIVITIES:
 Loan from Affiliate                               -             -  
     Net cash provided by financing activities     -             -  

NET INCREASE (DECREASE) IN CASH                    -             -  

CASH AT BEGINNING OF PERIOD                        66            66 

CASH AT END OF PERIOD                          $   66       $    66 

SUPPLEMENTAL INFORMATION:
 Cash paid for interest                        $   -        $   -   
 Cash paid for taxes                           $   -        $   -   


See accompanying notes to these financial statements.
</TABLE>
<PAGE>
                  DANZAR INVESTMENT GROUP INC. AND SUBSIDIARIES

                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                   (UNAUDITED)

Financial Statements

The accompanying unaudited financial statements have been prepared in accordance
with the  instructions to Form 10-QSB and do  not include all of the information
and footnotes required by generally accepted accounting  principles for complete
financial statements.

In the  opinion of management,  all adjustments (consisting of  normal recurring
accruals)  considered  necessary for  a  fair presentation  have  been included.
These  statements should  be  read  in conjunction  with  the audited  financial
statements and notes thereto included in the Registrant's annual Form 10-KSB for
the year ended April 30, 1995.  The results of the operations for the nine-month
period  ended July  31, 1994  are not  necessarily indicative  of the  operating
results for the fiscal year ending April 30, 1996.

Item 2.    Management Discussion and Analysis of Financial Condition and
           Results of Operations

No operating revenues were received during the six months ended October 31, 1995
and 1994. For  the six months ended  October 31, 1995, loss before  tax was $729
compared to  $2,268 loss for the six months ended October 31, 1994.  General and
administrative   expenses  result  from   expenses  related  to   SEC  reporting
requirements and recordkeeping fees.  

Liquidity and Capital Resources

The  Registrant has  met its  shortfall of  funds from  operations during  prior
periods by the sale of its majority  owned subsidiaries assets, and by borrowing
from its Directors and companies affiliated with its Directors.

The  Registrant's  present  needs  for  liquidity  principally  relates  to  its
obligations for its SEC reporting  requirements and the minimal requirements for
record keeping.  The  Registrant has negligible liquid assets available  for its
continuing needs.  At present the Registrant has no material sources of external
liquidity, and in the absence of any additional liquid resources, the Registrant
will be faced with cash flow problems.  

<PAGE>
                          PART II  -  OTHER INFORMATION


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

 (a)   Exhibits:

  (1)  Articles of
         Incorporation:            Incorporated by reference to 
                                   Registration Statement filed
                                   on Form 10, May 10, 1984;
                                   File No.  0-12122

  (2)  Bylaws:                     Incorporated by reference as 
                                   immediately above.


 (b)   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 thereto duly authorized.


                                   DANZAR INVESTMENT GROUP INC.
                                             (Registrant)



                                   By:/s/ Daniel Wettreich                      
                                       DANIEL WETTREICH, PRESIDENT

Date: March 14, 1996