UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                   FORM 10-Q

  (X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
      EXCHANGE ACT OF 1934

      For the Quarterly Period Ended September 30, 1999

  ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
      SECURITIES EXCHANGE ACT OF 1934

      For the transition period from             to
                                     -----------    ------------

  Commission File Number 0-1764

                          AMERICAN NUCLEAR CORPORATION
             (Exact Name of Registrant as Specified In Its Charter)

          Colorado                                     83-0178547
  ------------------------------             --------------------
  (State or other jurisdiction of                (I.R.S. Employer
  incorporation or organization)                Identification No.)

                             P. O. Box 2713
                          Casper, Wyoming 82602
                (Address of principal executive offices)
                                (Zip Code)

  Registrant's telephone number, including area code:  (307) 265-7912

       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 the number of share outstanding of each of the issuer's
  classes of common stock, as of the close of the period covered by this
  report.

      4 cents par value common stock:  7,696,739 shares









  <PAGE>
    <TABLE>
    <CAPTION>                                                     PAGE 2
                                        AMERICAN NUCLEAR CORPORATION
                                         STATEMENTS OF OPERATION
                                    FOR THE THREE AND NINE MONTHS ENDED
                                 SEPTEMBER 30, 1999 AND SEPTEMBER 30, 1998
                                               (UNAUDITED)

                                   Three Months Ended            Nine Months Ended
                                     September 30                  September 30
                                  1999          1998            1999           1998
                                  ------        ------          ------         ------
<S>                               <C>           <C>             <C>            <C>
NET LOSS BEFORE DISCONTINUED
  OPERATIONS                      $      -0-    $      -0-      $      -0-    $      -0-

REVENUE FROM DISCONTINUED
   OPERATIONS
   Reclamation Reimbursement             -0-           -0-          45,671      115,916
                                  ----------    ----------      ----------    ---------
   Total revenue from
    discontinued operations              -0-           -0-          45,671      115,916

DISCONTINUED EXPENSES
   General and administrative         11,602        10,012          35,980       35,292
    Reclamation expense                9,969        17,045         <48,166>     141,798
    Interest income                     <280>         <591>           <883>      <2,198>
                                  ----------    ----------      ----------    ---------
    Total discontinued expenses       21,291        26,466          83,263      174,892

NET INCOME (LOSS)                 $  <21,291>   $  <26,466>        <37,592>     <58,976>


PER SHARE:

NET PROFIT (LOSS) BEFORE
  DISCONTINUED OPERATIONS PER
  SHARE                           $     0.00    $     0.00      $     0.00    $    0.00

DISCONTINUED OPERATIONS PER
  SHARE NET PROFIT (LOSS)         $     0.00    $     0.00      $    <0.01>   $    <0.01>

WEIGHTED AVERAGE NUMBER OF
  SHARES OUTSTANDING               7,696,739     7,696,739       7,696,739     7,696,739

DIVIDENDS PER SHARE               $     0.00    $     0.00      $     0.00    $     0.00
</TABLE>







  <PAGE>
                                                                 PAGE 3
  <TABLE>

  <CAPTION>
                              AMERICAN NUCLEAR CORPORATION
                                     BALANCE SHEETS
                        September 30, 1999 and December 31, 1998

                                             September 30,      Dec. 31,
                                                1999             1998
                                             (Unaudited)      (Unaudited)
                                            --------------    ------------
  <S>                                       <C>               <C>
  ASSETS
  Current assets:
    Cash                                    $    43,718       $     35,555
                                            -----------       ------------
      Total current assets                  $    43,718       $     35,555

  Other assets:
    Other                                        78,452            124,207

                                            -----------       ------------
      Total other assets                         78,452            124,207

  Total assets                              $   122,170       $    159,762
                                            ===========       ============


  LIABILITIES AND STOCKHOLDERS' EQUITY

  Current liabilities:
    Trade accounts payable                          -0-                -0-
    Other current liabilities                       -0-                -0-
                                            -----------       ------------
      Total current liabilities                     -0-                -0-

  Common Stockholders' equity:
    Common stock                                314,080            314,080
    Additional paid-in capital               13,304,849         13,304,849
    Retained earnings                       <12,867,633>       <12,830,041>
    Less cost of treasury stock                <629,126>          <629,126>
                                            -----------       ------------
      Common stockholders' equity               122,170            159,762

  Total liabilities and stockholders'
    equity                                  $   122,170       $    159,762
                                            ===========       ============
  </TABLE>





  <PAGE>
                                                             PAGE 4
  <TABLE>
  <CAPTION>
                               AMERICAN NUCLEAR CORPORATION
                                 STATEMENTS OF CASH FLOW
                   FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1999 AND 1998
                                       (UNAUDITED)

                                                   Nine Months Ended
                                                     September 30
                                              1999              1998
                                              ----------        ----------
<S>                                           <C>               <C>
Cash flows from discontinued operations:
  Net loss                                    $   <37,592>      $   <58,976>

Adjustments to reconcile net loss to net
  cash used by operating activities:
  (Increase) Decrease in other assets              45,755            37,000
                                              -----------       -----------
  Total adjustments                                45,755            37,000
                                              -----------       -----------

  Net cash used in operating activities                             <21,976>

Net increase (decrease) in cash during the
  period                                            8,163           <21,976>

Cash at the beginning of the period                35,555           134,095

Cash at the end of the period                 $    43,718       $   112,119
                                              ===========       ===========
</TABLE>





















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                                                         PAGE 5

                         AMERICAN NUCLEAR CORPORATION
                        NOTES TO FINANCIAL STATEMENTS
                          FOR THE NINE MONTHS ENDED
                         SEPTEMBER 30, 1999 AND 1998
                                 (UNAUDITED)

                 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

  Basis of Presentation

       Liquidation Basis

       The accompanying financial statements have been prepared on a
  liquidation basis, which recognized the realization of assets and the
  satisfaction of a portion of the liabilities.  The Company's current
  assets exceeded its current liabilities by $43,718 and $35,535 at
  September 30, 1999 and December 31, 1998 respectively.  During 1994 the
  Company discontinued operations due to lack of operating capital.  For
  financial reporting purposes, the Company has offset contractual
  liabilities totaling $392,000.  These liabilities were recognized as
  income because the Company has no means of repaying the obligations
  under liquidation basis accounting.  The remaining Company cash
  deposits are being utilized to maintain compliance as long as possible
  with U.S. Nuclear Regulatory Commission (NRC) license requirements
  pertaining to the Company's uranium mining reclamation site.  The
  Company expects to be able to continue in compliance with the licensing
  requirements through 2000.

       The state of Wyoming declared the Company in default of its
  reclamation obligations when the Company terminated its business
  operations in May 1994.  Subsequently the reclamation bond fund of
  $3,213,255 was acquired by the Wyoming DEQ through forfeiture
  proceedings.  The state of Wyoming has consented to perform certain
  reclamation obligations, but has declined to assume the NRC license and
  the associated obligations.  The reclamation requirements have changed
  to require more work since the bond forfeiture, and the cash
  requirements to continue reclamation have increased by an undetermined
  amount.  There is the potential of a cost overrun in the range of $3
  million or considerably more.  The Company has not recognized a
  contingent liability for this amount because the Wyoming DEQ and NRC
  have not agreed upon a final reclamation plan upon which to base a cost
  estimate.  By state of Wyoming statute, the Company is liable for any
  cost overruns.

       The Company remains liable for completion of its reclamation
  obligations even though it does not have enough assets with which to
  complete those obligations.  The NRC has served the Company with notice





  <PAGE>
                                                         PAGE 6

  that the Company's deliberate abandonment of its reclamation site would
  constitute an intentional violation of the Atomic Energy Act of 1954
  and could subject the Company to NRC enforcement actions and criminal
  sanctions.  The Company is complying with a NRC order to maintain and
  comply with the terms of its NRC license.  Further, the Company has an
  agreement with the Wyoming DEQ to maintain its corporate existence in
  order to receive Title X reclamation reimbursement funds from the U.S.
  Department of Energy and transfer agreed upon amounts to the Wyoming
  DEQ.  The Company intends to monitor its reclamation site for as long
  as possible in order to comply with the requirements of its license.
  For these reasons, the Company is unable to dissolve.  The Company has
  no intention of entering into other businesses or continuing its
  limited operations beyond the time when it has fulfilled its
  obligations under the NRC license and those required by the state of
  Wyoming.

       Interim Financial Statements

       The accompanying unaudited consolidated financial statements have
  been prepared in accordance with generally accepted accounting
  principles for interim financial information and with the instructions
  for Form 10-Q and Rule 10-01 of Regulation S-X.  Accordingly, they do
  not include all of the information and footnotes required by generally
  accepted accounting principles for complete financial statements.  The
  accompanying statements should be read in conjunction with the
  unaudited financial statements included in the Company's Report on Form
  10-K for the year ended December 31, 1998.  In the opinion of
  management, all adjustments (consisting only of normal recurring
  accruals) considered necessary for a fair presentation have been
  included.

  Per Share Amounts

       Earnings per share calculations are computed on the weighted
  average number of common shares outstanding during the respective
  periods.  Shares under option and warrants have been disregarded
  because their effect is anti-dilutive.

  Discontinuance of Operations

       Management began seeking a purchaser for its mining properties in
  the third quarter of 1993.  While potential purchasers continued to
  express interest, the Company did not receive any offer greater than
  the amount of the debt that was secured by the mortgage against the
  properties.  Inability to sell the mining properties, depletion of
  capital and lack of revenues deprived the Company of operating capital.
  The Company determined to discontinue operations during May 1994 and to
  liquidate its miscellaneous property and to pay and discharge its
  current liabilities and other expenses associated with an orderly
  closing of business operations.


  <PAGE>
                                                       PAGE 7


  Marketability of Common Stock

       Effective May 9, 1994 the Company's common stock was removed from
  listing on the NASDAQ SmallCap Market.  There are no trading markets
  for the Company's common stock.  Salt Ridge Energy, Inc., a corporation
  owned by Mr. Salisbury, President, acquired 2,893,072 shares of common
  stock during June 1998 and now owns 37.6% of the Company's
  outstanding stock.  The Company is aware of occasional trades on the
  electronic bulletin board.  The basis of these transactions is unknown.


                     MANAGEMENTS DISCUSSION AND ANALYSIS OF
                 FINANCIAL CONDITION AND RESULTS OF OPERATIONS

  Results of Operations

       The Company discontinued operations during May 1994.  The Company
  had no operating revenues during the period subject to this report or the
  earlier comparable period.  See the "Discontinuance of Operations"
  and the "Liquidity and Capital Resources" sections in this report
  regarding additional information about the Company's cessation of
  operations.

       Reclamation reimbursement of $45,671 and $115,916 was received for
  the three and six months ended 1999 and 1998 respectively.  This 60%
  reduction in 1999 is based upon the reduced amount of work the Company
  performed on site reclamation.  The reimbursements will continue to
  decrease each year.

       General and administrative expenses were $11,602 and $35,980 for the
  three and nine months ended September 30, 1999 compared to $10,012 and
  $35,292 for the comparable period ended September 30, 1998.  This
  represents a 16% increase for the three months ended September 30, 1999
  and a 2% decrease for the nine months ended September 30, 1999.

       Reclamation expenses were $9,969 and $48,166 for the three and nine
  months ended September 30, 1999 and $17,045 and $141,798 for the
  comparable 1998 periods.  These costs represent the ongoing costs of
  monitoring the Company's mill site and related activities during
  reclamation.  These expenses include $22,835 and $101,175 payments to the
  Wyoming DEQ for the 1999 and 1998 periods, respectively.

       There was $883 interest income for the first nine months of 1999,
  compared to $2,198 for the comparable period ending September 30, 1998.
  The interest is due to the reimbursement of DOE funds to the Company.
  These funds will be used to monitor the reclamation site.

       A net loss of $37,592 was recognized during the first three quarters
  of 1999 compared to a loss of $58,976 for the same period in 1998.  The



   <PAGE>
                                                         PAGE 8

  losses are expected to remain in the range of $18,000 per quarter as long
  as the Company continues to receive some of the reclamation
  reimbursements for continued monitoring of the reclamation site.

       Based upon a recent assessment, the Company believes the software
  it uses would present limited Year 2000 Issues.  The Year 2000 Issue is
  the result of computer programs that are written using two digits rather
  than four to define the applicable year.  Any computer programs that
  affect the Company's activities and that have date-sensitive software may
  recognize a date using "00" as the year 1900 rather than the year 2000.
  This could result in a system failure or miscalculations causing
  disruptions of operations that depend upon such date sensitive software
  or computer hardware, including, among other things, a temporary
  inability to process transactions, send invoices and transfer funds, or
  engage in similar normal business activities.

       The Company's activities are limited and it does not rely upon
  complex computer software or hardware for its own activities.  The
  Company has been unable to evaluate as of this date whether the software
  and computer equipment that the Company's banks and other contract
  parties rely upon, including the State of Wyoming and the U.S. Department
  of Energy, are Year 2000 compliant.  If they are not, the Company may
  experience delays and difficulties in receiving funds from the Department
  of Energy, if any remain due after December 31, 1999, and in paying funds
  necessary to satisfy the Company's various financial and legal
  obligations.  These and related difficulties could have material adverse
  consequences for the Company and its financial condition.


  Liquidity and Capital Resources

       The Company's working capital at September 30, 1999, was $43,718
  while at December 31, 1998 it was $35,555.  The increase in working
  capital at September 30, 1999 was due to the Company receiving a
  reclamation reimbursement from the U.S. Department of Energy (DOE).
  During May 1994, the Company discontinued operations because of its lack
  of funds.  Before that decision was made, the Company attempted to obtain
  additional loans, raise equity funds through a private placement of its
  common stock, secure byproduct disposal contracts, or sell its mineral
  properties.  None of these efforts were successful.  In addition, the
  Wyoming Department of Environmental Quality (DEQ) declared forfeiture of
  the $3.2 million reclamation bond fund to the DEQ to be used by the DEQ
  for completing reclamation of the Company's Gas Hills mill site.  The
  total cost of the reclamation work will not be known for many years, and
  the funds held by the DEQ are not expected to cover all the expenses.
  The Company remains the licensee and owner of the reclamation site, and
  the Company will not be released from the obligations of reclamation
  that are imposed by the license until reclamation work is completed and
  accepted by the regulatory agencies.  The Company has applied, under



  <PAGE>
                                                       PAGE 9

  the federal program administered by the DOE, for reimbursement of some of
  the reclamation work it has previously performed to clean up its mining
  and milling site.  The DOE program has been funded by Congress and money
  has been allocated for the reimbursements.  The Company received
  approximately $116,000 from this program during 1998 and approximately
  $46,000 during 1999.  If Congress continues funding this Title X
  program, of which there is no assurance, the Company may receive
  additional DOE reimbursements during 2000.  Under the prevailing law
  and the terms of the order of  the U.S. Nuclear Regulatory Commission
  that directs the Company to continue to reclaim and monitor its
  reclamation site, the funds and any future funds that could be received
  under this program will be applied to ongoing monitoring and
  reclamation obligations over the next several years, including payments
  to the Company's independent contractors to perform such services.
  None of the money will be applied to claims of creditors, and no funds
  will be available for distribution to shareholders because the
  reclamation obligations are projected to substantially exceed the funds
  that become available.  The DEQ has entered into an agreement with the
  Company providing that the state will not bring a deficiency action in
  court if the Company transfers Title X funds to the state to be applied
  to the deficiency for use by the state to perform reclamation.  The
  Tennessee Valley Authority (TVA), which had asserted a right to the
  funds based on its 1984 contract with the Company, released the Company
  from such claims due to an agreement between TVA and the state.  The
  agreement between the Company and DEQ provides that the Company and DEQ
  will use the DOE Title X funds toward monitoring and reclamation of the
  mill site in accordance with the NRC license.

                                  SIGNATURES

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

                                     AMERICAN NUCLEAR CORPORATION
                                     Registrant


                                      (signature)
  November 12, 1999             By:  -----------------------------------
                                     William C. Salisbury
                                     President


                                      (signature)
  November 12, 1999             By:  -----------------------------------
                                     Dennis A. Eckerdt
                                     Secretary and Treasurer