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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549

                                  FORM 10-Q/A
                                QUARTERLY REPORT

                       Pursuant to Section 13 or 15 (d) of
                       the Securities Exchange Act of 1934


    For the quarter ended June 30, 1998    Commission file number 1-11013


                       SPECIALTY CHEMICAL RESOURCES, INC.
              Exact name of registrant as specified in its charter


                       Delaware                   34-1366838
                State of incorporation     I.R.S. Employer I.D. No.


                  9055 S. Freeway Drive; Macedonia, Ohio 44056
               Address of principal executive offices and zip code


                                  (330)468-1380
               Registrant's telephone number, including area code



     Indicate by a 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 twelve (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 ninety(90) days. Yes__X__ No_____.

     The number of outstanding shares of the Registrant's common stock as of
July 27, 1998 was 3,882,260.

--------------------------------------------------------------------------------
_________________________________Page 1 of 10___________________________________

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                       Specialty Chemical Resources, Inc.

                                  Form 10-Q/A


                       For the quarter ended June 30, 1998

                                      Index



Part I    Financial Information                                  Page


  Item 1. Financial Statements......................................3

          Condensed Balance Sheets..................................3

          Condensed Statements of Operations, 3 months..............5

          Condensed Statements of Operations, 6 months..............6

          Condensed Statements of Cash Flows, 3 months..............7

          Condensed Statements of Cash Flows, 6 months..............8

          Notes to Financial Statements.............................9


                                  Page 2 of 10

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                          PART I. FINANCIAL INFORMATION


Item 1.  Financial Statements


                       Specialty Chemical Resources, Inc.

                            Condensed Balance Sheets


                                     June 30, 1998     December 31, 1997
                                      (Unaudited)         (Audited)
                                      -----------         ---------
Current assets
  Cash and cash equivalents          $     3,100         $     3,100
  Accounts receivables                 5,238,247           5,338,168
  Receivable - Other                     770,727             343,657
  Inventories - LIFO                   7,941,711           8,944,905
  Prepaid expenses                       527,254             360,196
                                     -----------         -----------
       Total current assets           14,481,039          14,990,026


Property, plant and equipment
 At cost                              18,207,565          17,740,267
   Less accumulated depreciation
     and amortization                 (6,157,952)         (5,536,789)
                                     -----------         -----------
                                      12,049,613          12,203,478

Other assets
   Goodwill                              880,279             894,319
   Product formulation                   550,766             692,894
   Deferred financing costs              414,214             435,117
   Other                                 295,104             302,044
                                     -----------         -----------
                                       2,140,363           2,324,374
                                     -----------         -----------


       Total assets                  $28,671,015         $29,517,878
                                     ===========         ===========



See accompanying Notes to Financial Statements.


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                       Specialty Chemical Resources, Inc.

                            Condensed Balance Sheets
                                   (continued)

                                      June 30, 1998     December 31, 1997
                                       (Unaudited)          (Audited)
                                       -----------          ---------
Current liabilities

  Current maturities                 $    907,464        $  1,057,497
  Accounts payable                      4,803,493           6,893,119
  Accrued expenses                        487,400             624,759
                                     ------------        ------------
      Total current liabilities         6,198,357           8,575,375


Long-term obligations                  17,543,170          15,445,820




Stockholders' equity
  Preferred stock - $.01 par value;
    authorized 1,996,500 shares
  Common stock - $.10 par value;
    authorized 13,000,000 shares;
    issued and outstanding 3,947,760
    and 3,947,760                         394,777             394,777
  Additional paid in capital           41,935,125          41,935,125
  Less common stock in treasury,
     At cost; 65,500 shares              (118,722)           (118,722)
  Accumulated deficit                 (37,281,692)        (36,714,497)
                                     ------------        ------------

                                        4,929,488           5,496,683
                                     ------------        ------------


                                     $ 28,671,015        $ 29,517,878
                                     ============        ============



See accompanying Notes to Financial Statements.


                                  Page 4 of 10


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                       Specialty Chemical Resources, Inc.

                       Condensed Statements of Operations
                                   (Unaudited)

                         For the 3 month periods ended:


                                   June 30, 1998        June 30, 1997
                                   -------------        -------------

Net sales                            $9,314,165           $9,355,703

Cost of goods sold                    7,295,234            7,532,557
                                     ----------           ----------
Gross profit                          2,018,931            1,823,146

Selling, general and administrative
   expenses                           1,599,701            1,414,414
Amortization of intangibles             106,584              256,361
                                     ----------           ----------
     Operating profit (loss)            312,646              152,371


Other (income) expense
  Interest expense                      407,056              341,109
  Other                                     -0-              (27,771)
                                     ----------           ----------
                                        407,056              313,338
                                     ----------           ----------
     Earnings (loss) before income
     taxes                              (94,410)            (160,967)

Income taxes                                -0-                  -0-
                                     ----------           ----------

     Earnings (loss)                    (94,410)            (160,967)
                                     ==========           ==========



Earnings (loss) per common share:    $     (.02)          $     (.04)


Weighted average shares outstanding   3,882,261            3,882,210




See accompanying Notes to Financial Statements.


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                       Specialty Chemical Resources, Inc.

                       Condensed Statements of Operations
                                   (Unaudited)

                         For the 6 month periods ended:

                                     June 30, 1998      June 30, 1997
                                     -------------      -------------

Net sales                              $19,386,151       $19,552,782

Cost of goods sold                      15,640,265        15,701,339
                                       -----------       -----------

     Gross profit                        3,745,886         3,851,443

Selling, general and administrative
   expenses                              3,298,443         2,991,539
Amortization of intangibles                213,134           515,322
                                       -----------       -----------

    Operating profit                       234,309           344,582

Other (income) expense
  Interest expense                         801,504           599,177
  Other                                        -0-           (49,577)
                                       -----------       -----------
                                           801,504           549,600
     Earnings (loss) before income
     taxes                                (567,195)         (205,018)

Income taxes (benefit)                         -0-               -0-
                                       -----------       -----------
     Earnings (loss)                      (567,195)         (205,018)



Earnings (loss) per common share:      $      (.15)      $      (.05)


Weighted average shares outstanding      3,882,261         3,882,156



See accompanying Notes to Financial Statements.



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                       Specialty Chemical Resources, Inc.

                       Condensed Statements of Cash Flows
                                   (Unaudited)

                         For the 3 month periods ended:


                                      June 30, 1998     June 30, 1997
                                      -------------     -------------


Net cash provided (used) by operating
  activities                            $  (606,366)      $ 1,695,068

Cash flows from investing activities:
 Capital expenditures, other               (159,545)         (409,523)
 Purchase of assets from Hysan Corp.            -0-        (6,785,000)
                                        -----------       -----------
      Net cash (used) by investing
       activities                          (159,545)       (7,194,523)

Cash flows from financing activities:
  Proceeds from notes                     1,500,000               -0-
  Payments on revolver                   (8,264,884)      (15,098,316)
  Proceeds on revolver                    7,530,795        20,505,966
                                        -----------       -----------

       Net cash provided (used) by
         financing activities               765,911         5,407,650
                                        -----------       -----------

       Net increase (decrease) in cash
         and cash equivalents                   -0-           (91,805)

Cash and cash equivalents at beginning
  of period                                   3,100           134,414
                                        -----------       -----------

Cash and cash equivalents at end
  of period                             $     3,100       $    42,609
                                        ===========       ===========



See accompanying Notes to Financial Statements.


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                       Specialty Chemical Resources, Inc.

                       Condensed Statements of Cash Flows
                                   (Unaudited)

                         For the 6 month periods ended:


                                       June 30, 1998    June 30, 1997
                                       -------------    -------------


Net cash provided (used) by operating
  activities                            $ (1,330,473)    $  2,453,180

Cash flows from investing activities:

  Capital expenditures, other               (486,448)        (575,797)
  Purchase of assets from Hysan Corp.            -0-       (6,785,000)
                                        ------------     ------------

       Net cash (used) by investing
         activities                         (486,448)      (7,360,797)

Cash flows from financing activities:
  Proceeds from notes                      1,500,000              -0-
  Payments on revolver                   (21,771,929)     (22,689,500)
  Proceeds on revolver                    22,088,850       27,471,085
                                        ------------     ------------

       Net cash provided (used) by
        financing activities               1,816,921        4,781,585
                                        ------------     ------------

       Net increase (decrease) in cash
         and cash equivalents                    -0-         (126,032)
Cash and cash equivalents at beginning
  of period                                    3,100          168,641
                                        ------------     ------------

Cash and cash equivalents at end
  of period                             $      3,100     $     42,609
                                        ============     ============




See accompanying Notes to Financial Statements.


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                       Specialty Chemical Resources, Inc.

                          Notes to Financial Statements

Note A - Summary of Significant Accounting Policies

     The accompanying audited and unaudited financial statements have been
prepared in conformity with generally accepted accounting principles and all
adjustments are of a normal recurring nature and are, in the opinion of
management, necessary to present fairly the financial position of Specialty
Chemical Resources, Inc. (the "Company") at December 31, 1997 and June 30, 1998
and the results of operations and cash flows for the interim periods ended June
30, 1998 and 1997.

     Any significant accounting policies employed in the preparation of the
financial statements are included in the Company's most recent Form 10-K.

Note B - Inventories

     Inventories are stated at the lower of cost or market determined by the
last-in, first-out (LIFO) method for raw materials and the first-in, first-out
(FIFO) method for finished goods.

     The Company's inventories consisted of the following at:

                                         June 30,       December 31,
                                           1998            1997
                                        ----------      ----------

       Raw materials                    $4,689,554      $5,416,048
       Finished goods                    3,947,714       4,224,414
                                        ----------      ----------
         Total FIFO cost                 8,637,268       9,640,462

       Less: Excess of FIFO cost over
             LIFO                          695,557         695,557
                                        ----------      ----------
         Total LIFO cost                $7,941,711      $8,944,905
                                        ----------      ----------

Note C - Legal Proceedings

     There have been no material changes in the status of legal proceedings
pending against the Company other than that which was reported on the Company's
most recent Form 10-K.


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    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 thereunto duly authorized.


     Specialty Chemical Resources, Inc.











     By:/s/ DAVID F. SPINK                                      January 18, 1999
        -------------------------------
        David F. Spink
        Vice President, Chief Financial
        Officer







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