UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.
                                     
                               FORM 10-KSB 

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

     For the fiscal year ended DECEMBER 31, 1997  
                                             
[    ]    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT   OF 1934

     For the transition period from        to  

                     Commission File No.  33-19139-NY

                            VENTURE WORLD, LTD.
               (Formerly National Thoroughbred Corporation)
          (Exact name of Registrant as specified in its charter)

                      DELAWARE                         11-2936371 
          (State or other jurisdiction of             (IRS Employer
          incorporation or organization)           Identification No.)

       4505 SOUTH WASATCH BOULEVARD #330, SALT LAKE CITY, UTAH 84124 
           (Address and zip code of principal executive offices)

Registrant's telephone number, including area code: (801) 274-8600

Securities registered pursuant to Section 12(b) of the Act: NONE
Securities registered pursuant to Section 12(g) of the Act: NONE

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.   [ X ] YES  [ NO

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to 
the best of Registrant's knowledge, in definitive proxy or information 
statements incorporated by reference in Part III of this Form 10-K or any 
amendment to this Form 10-K.    [ X  ]

Revenue for the year ended 1997:   $ 0.

As of May 20, 1998 it is unclear as to the aggregate market value of the
voting stock held by non-affiliates of the Registrant.  This is due to the 
low or almost non-existing trading of the Registrant's Securities.

As of May 20, 1998 the number of shares outstanding of the Registrant's Common
Stock was 50,000,000.

Documents incorporated by reference: Not applicable.

                                  PART I

ITEM 1.  DESCRIPTION OF BUSINESS

         The Registrant was formed in May, 1987 to seek, investigate and
acquire an interest in business opportunities.  In March, 1989 it raised 
$250,000 (approximately $185,000 net after expenses and commissions)
through a federally registered "blind-pool" public offering.  On March 4,
1996, Exchange Place Capital Partners, exercised an option to purchase 
28,550,000 shares of Venture World LTD, Inc. for $30,000.  This was paid 
directly to Alan Weisberger (of New Jersey) and Moshe Milstein 
(of New York) in full. 
A new Board of Directors was appointed by Alan Weisberger and Moshe Milstein,
and was approved by Exchange Place Capital Partners.  Thereafter Weisenberger
and Milstein thereafter resigned as officers and directors of the Company.
(See "Management") The Registrant is seeking a business opportunity, but to 
date has not participated in any business opportunities.  There is no 
assurance that the Company will be successful in finding any business 
opportunity to merge with or acquire.  (See "Management's Discussion and 
Analysis of Financial Condition") 

ITEM 2.  PROPERTIES

          The Company currently operates from the office of Exchange Place
Capital Partners and pays no rent or expenses.

ITEM 3.  LEGAL PROCEEDINGS

          None

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS

          None - not applicable




                                  PART II



ITEM 5.  MARKET PRICE FOR REGISTRANT'S COMMON EQUITY AND
         RELATED STOCKHOLDER MATTERS

          During the year ended December 31, 1997 there appeared to be little
or no trading in the stock of the Company.  As of May 20, 1998, the 
Company had 64 shareholders of record.

          The Company has not declared any cash dividends on its Common Stock
since inception and its Board of Directors has no present intention of 
declaring any dividends.  For the foreseeable future, the Company intends to
retain all earnings, if any, for use in the development and expansion of its
business.


ITEM 6.  SELECTED FINANCIAL DATA
                                                              
                           Years Ended December 31,
           1993          1994          1995       1996       1997   
                           Operations Statement Data

Revenues                   2,122       2    2        2  -    
Income (loss)           (28,329) (2,445)      (2,561)   (1,961)      (200)
Income (loss) per share     -       -     -       -     -    

Balance Sheet Data

Total assets        2,767   1,422      77  -                    - 
  
Long-term debt              -       -     -       -     -    

ITEM 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
          AND RESULTS OF OPERATIONS

FINANCIAL CONDITION

          Total stockholders' equity increased $1,100 from $(1,300) at
December 31, 1996 to $(200) at December 31, 197.  The increase was, 
principally, due to capital contributions.

LIQUIDITY AND CAPITAL RESOURCES

          The Company has no significant assets  and is in the process of
looking for business opportunities to merge with or acquire.  At minimum, 
the Company will need to raise additional capital through private funding to
meet the financial needs of being a reporting company.  There is no guarantee
that the Company will be successfulin obtaining necessary funding to develop
any business opportunities.

RESULTS OF OPERATIONS

          The Company sustained losses of $200 and $1,961 for the years ended
December 31, 1997 and December 31, 1996 respectively.  Revenues of $0 and 
$2 for the two periods represented interest earned on temporary cash 
investments and loans.  Expenses of $200 and $1,963 for the periods 
consisted of professional fees, depreciations, and other administrative 
expenses incurred while the Company was seeking out business ventures
which in the opinion of management, could provide a profit to the Company.

ITEM 8.  FINANCIAL STATEMENTS

          The financial statements and the scheduled listed in Item 14 are
filed with and as part of this report.

ITEM 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
         AND FINANCIAL DISCLOSURE

          On, the board of directors voted to retain the services of
Orton and Company, Certified Public Accountants, as the auditors for the 
Company, replacing John Svarc, CPA.

          There were no disagreements or.


                                 PART III



ITEM 10.  DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

     The following information is furnished with respect to the Company's
Board of Directors and executive officers.  There are no family relationship
between or among any of the Company's directors or executive officers.

DIRECTORS AND EXECUTIVE OFFICERS
                           Age          Director
     Name                (1998)          Since         Position with the
                                                         Company    

Mike Labertew            35           1997     President, CEO and Director

Lisa Valario             29          1997      Vice President, 
                                               Secretary/Treasurer
                                               and Director

Michael Labertew, President and a Director since March, 1997.  Mr Lamertew has
been an attorney in Salt Lake City since 1989.  He graduated from the 
University of Iowa in 1986 with a B.A in English, and received his law degree
from the University of Utah College of Law in 1986.  After working for several
law firms, Mr. Lamertew opened his own practice in 1992 with emphasis in 
commercial litigation and criminal defense.  In addition to his law practice,
he serves in officer and director positions of various non-profit and
privately-held corporations.

Lisa A Valerio, Vice President, Secretary/Treasurer and Director since March,
1997.  Ms. Valerio has worked for Phillip 66 Company, a major petroleum 
refiner and distributor.  She is currently in charge of rail transportation for
Phillip's product shipments.


ITEM 11.  EXECUTIVE COMPENSATION

COMPENSATION OF EXECUTIVE OFFICERS AND DIRECTORS

     No officer or director of the Company has received any compensation for
the past three fiscal years.

EMPLOYMENT AGREEMENTS AND OTHER COMPENSATION ARRANGEMENTS

     There are currently no agreements with members of management as to
employment or compensation.

COMPENSATION OF NON-EMPLOYEE DIRECTORS

     There is currently no compensation paid to non-employment directors.


ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

      The following table sets forth as of December 31, 1997, the number of
shares of the Company's common stock owned by persons who owned of record, 
or was known to own beneficially, more than 5% of the outstanding
shares of the Company's common stock, set forth the number of shares of the
Company's current directors and officers, and sets forth the number of 
shares owned by all of the Company's directors and officers as a group:

      The beneficial owners listed have sole voting and investment power with
respect to the shares unless otherwise indicated.

       Amount and Nature
      Name and Address          Of Beneficial   Percent of
      of Beneficial Owner          Ownership      Class       

Exchange Place Partners            28,550,000        57.10%
10 Exchange Place, Suite 309
Salt Lake City UT 84111


Michael Labertew                     0          00.00%
8 East Broadway, Suite 735
South Jordan UT 84111

Lisa A. Valerio                      0          00.00%
8 East Broadway, Suite 735
South Jordan UT 84111

Officers and Directors as
    a Group (2)                      0          00.00%

ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

      During the past year the Registrant has not entered into any
transactions with management which are to be reported under this Item.

ITEM 14.  EXHIBITS, AND REPORTS ON FORM 8-K

      (a) (1) The following financial statements of the Company and 
          its subsidiaries have been filed as part of this report 
          (See Item 8 "Financial Statements and Supplementary Data"):

       Independent Auditor' Report

       Balance Sheet as of December 31, 1997.

       Statements of Operations for the years ended December 31, 1997 and
       December 31, 1996.

       Statement of Stockholders' Equity for this period.

       Statement of Cash Flows for the years ended December 31, 1997 and
       December 31, 1996.

       Statement of Operations for the period.

       Statement of Cash Flows for the period.

       Notes to Financial Statements.

      (2)       Schedules are omitted because of the absence of conditions under
which they are required or because the required information is given in the 
financial statements or notes thereto.

      (3)   Exhibits

            None.
 
           (b) The Registrant filed no current reports on Form 8-K during 
               the last quarter of the fiscal year ended December 31, 1997.

           (c) Consent of Orton & Company, CPA.

           (d) Consent of John Svarc, CPA.


                                SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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.

                   Venture World, Ltd.

                   By: Mike Labertew

                   /s/     Mike Labertew

                   Dated: May 20, 1998    

Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons of behalf of the 
Registrant and in the capacities and on the dates indicated.


SIGNATURE                   TITLE                           DATE

/s/ Mike Labertew           President and Director
                            (Principal Executive Officer)   May 20, 1998

/s/ Lisa Valario            Vice President,
                            Treasurer and Director
                            (Principal Financial and 
                             Financial Officer)           May 20, 1998
                            




                       INDEX TO FINANCIAL STATEMENTS




Report of Independent Certified Public Accountant

Financial Statements:

       Balance Sheets - December 31, 1997.

       Statements of Operations - For the years ended December 31, 1997 and
December 31, 1996.

       Statement of Stockholders' Equity - For the period from (inception) May
6, 1987 to December 31, 1997.

       Statement of Cash Flows - For the years ended December 31, 1997 and
December 31, 1996 .

       Statement of Operations - For the period from (inception) May 6, 1987
to December 31, 1997.

       Statement of Cash Flows - For the period from (inception) May 6, 1987
to December 31, 1997.

       Notes to Financial Statements








                     INDEPENDENT AUDITOR'S REPORT



To the
Board of Directors and Stockholders 
of Venture World, Ltd.



     I have audited the accompanying Balance Sheet of Venture World, Ltd.(a 
Delaware Corporation) (a development stage company) as of December 31, 1997 
and the related statements of operations, stockholders' equity, and cash 
flows for the year then ended. These financial statements are the 
responsibility of the company's management.  My responsibility is to 
express and opinion on these financial statements based on my audit.  
The accompanying financial statements for the period May 6, 1987 (inception)
to December 31, 1996 were audited by another auditor, whose report, dated 
April 4, 1997, expressed an unqualified opinion on those statements.

     I conducted by audit in accordance with generally accepted auditing
standards.  Those standards require that I plan and perform the audit to 
obtain reasonable assurance about whether the financial statements are free 
of material misstatement.  An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. 
An audit also includes assessing the accounting principles used and 
significant estimates made by management, as well as evaluating the overall 
financial statement presentation.  I believe that my audit provides a 
reasonable basis for my opinion.

     In my opinion, the financial statements referred to above present fairly,
in all material respects, the financial position of Venture World, Ltd. at 
December 31, 1997, and the results of its operations and cash flows for 
the year then ended in conformity with generally accepted accounting 
principles.



Orton & Company
April 21, 1998

                         VENTURE WORLD, LTD.
                    ( A Development Stage Company)
                            Balance Sheet

                              
                                ASSETS

                                                December 31,
                                                      1997       


     TOTAL ASSETS                                 $             -        


                 LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

     Accrued expenses                                  $           200 


STOCKHOLDERS' EQUITY

     Common Stock at $.001 par value
     300,000,000 shares authorized;
     50,000,000 shares issued and outstanding                    50,000    
     Paid-in capital                                            171,143        
     Deficit accumulated during development stage             (221,343)        

     Total Stockholders' Equity                                (200)
    TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY         $         -     


                         VENTURE WORLD, LTD.
                    (A Development Stage Company)
                       Statements of Operations
                                   
                                                                For the period 
                          For the Year        For the Year        from May 6,
                           Ended               Ended               1987 
                                                                   (inception)
                         December 31,       December 31,        to December 31,
                          1997                  1996              1997      
REVENUE 

     Interest Income         $  -                 $       2        $  42,392 

EXPENSES

     Consulting fees             -           -                      133,247 
     Secretarial services        -           -                      13,141 
     Rent and leasing expense         -           -                 44,812 
     Telephone                   -           -                      15,127 
     Professional fees            100         1,500                 19,441 
     Depreciation and amortization    -         134                  5,430 
     Underwriter's fees          -           -                      10,000 
     Other                        100           329                 22,537 

            Total Expenses        200         1,963                 263,735 
                             
INCOME (LOSS)       $            (200)   $    (1,961)  $           (221,343)

Loss Per Common Share        $    -      $      -           $         -        

Weighted Average Number 
of Shares                     50,000,000     50,000,000          50,000,000 


                         VENTURE WORLD, LTD.
                    (A Development Stage Company)
                  Statements of Stockholders' Equity
     For the Period May 6, 1987 (inception) to December 31, 1997
                                   
                       Common                           Accumulated
                       Stock                            Deficit during
                        Purchase       Common   Par       Paid-in 
                                                        Development
                       Warrants       Shares           Value                  
                                        Capital             Stage     
Shares issued to 
officers and others  -        37,500,000      $ 37,50  $(9,605)      $-     
Public offering 
25,000 units at
$10.00 per unit (Note 2)   12,500,000       12,500,000   12,50  237,500      
Offering costs                -       -         -    (64,402)               
Net (loss) for May 6, 1987 to
   December 31, 1990     -       -        -       -     (72,877)
Balance, December 31, 1990    12,500,000       50,000,000          50,00
                                163,493                (72,877)

Net (loss) for year ended
   December 31, 1991     -       -        -       -     (56,562)
Balance, December 31, 1991    12,500,000       50,000,000          50,00
                               163,493                (129,439)

Net (loss) for year ended
 December 31, 1992         -       -        -       -     (56,408)
Balance, December 31, 1992
                       12,500,000       50,000,000     50,00
 163,493                (185,847)

Net (loss) for year ended
   December 31, 1993     -       -        -       -     (28,329)
Balance, December 31, 1993    12,500,000       50,000,000        50,00
 163,493                (214,176)

Net (loss) for year ended
   December 31, 1994     -       -        -       -     (2,445)
Balance, December 31, 1994    12,500,000       50,000,000         50,00
                              163,493          (216,621)

Net (loss) for year ended
   December 31, 1995     -       -        -       -     (2,561)
Balance, December 31, 1995    12,500,000       50,000,000         50,00
                               163,493         (219,182)

Warrants expired (Note 2)     (12,500,000)     -       -            -  
   
Capital contributions    -       -        -      6,350    -    

Net (loss) for year ended
December 31, 1996      -       -        -       -     (1,961)
Balance, December 31, 
1996                -       50,000,000 50,000 169,843    (221,143)

Contribution by Officer/Directors
(Note 4)              -       -        -      1,300    -    

Net (loss) for year ended
December 31, 1997     -       -        -       -       (200)
Balance, December 31, 1997    -   50,000,000  $50,000  $ 171,143
                                                       $(221,343)


                         VENTURE WORLD, LTD.
                    (A Development Stage Company)
                       Statements of Cash Flows
                                   For the period  
                   For the Year         For the Year       from May 6,
                    Ended                Ended            1987 (inception)
                December 31,         December 31,          to December 31,
                 1997                  1996                     1997       
CASH FLOWS 
FROM OPERATING 
ACTIVITIES:

Net(Loss)        $   (200)             $(1,961)                $(221,343)

Adjustments 
to reconcile 
net income to
net cash 
provided by 
operating 
activities:
Depreciation 
and amortization       -                     134             5,195 
Increase 
(Decrease) in 
accounts payable
and accrued expenses  (1,100)               (4,600)             200 

  Total               (1,300)               (6,427)         (215,948)

CASH FLOWS FROM INVESTING 
  ACTIVITIES
Payment for 
purchase of equipment    -                       -             (4,495)
Payment for 
purchase of 
organizational cost      -                        -             (700)

  Total                  -                        -             (5,195)

CASH FLOWS FROM FINANCING
   ACTIVITIES:

Paid-in capital 
contributions        1,300                    6,350             7,650 
Proceeds from 
initial issuance 
of stock                 -                    -                 27,895 
Proceeds from 
public offering 
of 25,000 units
of stock and warrants    -                 -                  250,000 
Less: public 
offering costs           -                    -            (64,402)
  Total                1,300                6,350          221,143 

INCREASE (DECREASE) 
IN CASH                  -                   (77)                  -    

CASH - beginning 
of period                -                 77                      -    

CASH -end of period  $   -          $      -         

                         VENTURE WORLD, LTD.
                    (A Development Stage Company)
                  Notes to the Financial Statements
                          December 31, 1997
                                   
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

   Venture World, Ltd. (the Company) is considered to be in the development
stage as defined in Statement of Financial Accounting Standards No. 7, and was 
incorporated on May 6, 1987 for  the purpose of seeking out business 
opportunities, including acquisitions that the Board of Directors in their 
discretion, believe to be good opportunities.  Since inception, the Company 
has   been primarily engaged in the procurement of capital, and has been 
pursuing its objective of  seeking business opportunities.

  Earnings (Loss) Per Share

     Loss per share is computed using the weighted average shares outstanding.

  Cash and Cash Equivalents

       The Company considers all highly liquid investments with maturities of
three months or less to be cash equivalents.

NOTE 2 - INITIAL PUBLIC OFFERING

     On March 31, 1989 the Company completed a public offering of 25,000 units
at $10.00 per  unit or $250,000 total.  Each unit consisted of 500 shares of 
common stock, par value $.0001 per share, and 500 common stock purchase 
warrants per class (Classes A, B and C) that provided for the purchase of 
one additional share of common stock per warrant that were exercisable as 
follows:

                          Price                     Description               
  
  Class A                 $    .04      Exercisable to December 31, 1995
  Class B                 $    .06      Exercisable to December 31, 1995
  Class C                 $    .07      Exercisable to December 31, 1995

     No warrants were exercised.

NOTE 3 - TAXES

      The Company adopted Statement of Financial Standards No. 109 "Accounting
for Income taxes" in the fiscal year ended December 31, 1997 and was applied
retroactively. 

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

       Deferred income taxes result from temporary differences in the
recognition of accounting transactions for tax and financial reporting 
purposes.   There were no temporary differences at December 31, 1997 and 
earlier years; accordingly, no deferred tax liabilities have been recognized
for all years.

                         VENTURE WORLD, LTD.
                    (A Development Stage Company)
                  Notes to the Financial Statements
                          December 31, 1997

NOTE 3 - TAXES (continued)

       The Company has cumulative net operating loss carryforwards of
approximately $220,000 at December 31, 1997.  No effect has been shown in the
financial statements for the net operating loss carryforwards as the 
likelihood of future tax benefit from such net operating loss carryforwards
is not presently determinable.  Accordingly, the potential tax benefits of 
the net operating loss carryforwards, estimated based upon current tax rates of
$74,800 at December 31,1997 have been offset by valuation reserves of the 
same amount.  The netchange in deferred tax asset and offsetting valuation 
reserve amounted to $0 for 1997.
  
       The Company has available $220,000 in net operating loss carryforwards
that will begin to expire in the year 2007.  The Company has accrued $100 per 
year minimum state income taxes.

NOTE 4- OFFICER/DIRECTOR CONTRIBUTIONS

  During the year, an officer/director of the Company advanced funds to pay
for the professional fees and taxes for the year.




                         ACCOUNTANTS' CONSENT


I hereby consent to the use of our audit report of Venture World, Ltd. dated
April 21, 1998 for the year ended December 31, 1997 in the 10-KSB annual 
report.




/s/ Orton & Company       
May 19, 1998
Salt Lake City, Utah









                         ACCOUNTANTS' CONSENT




I hereby consent to the use of our audit report of Venture World, Ltd, dated
April 21, 1998 for the year ended December 31, 1996 and for the period 
May 6, 1987 (inception) to December 31, 1996 in the 10-KSB annual report.


/s/ John Svarc
May 19, 1998
Brooklyn, New York