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<PAGE>
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                        SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C.  20549

                                    FORM 10-QSB

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

       For the quarterly period ended March 31, 1999

OR

[   ]  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: 001-01337 

                          CIMARRON-GRANDVIEW GROUP, INC. 
               (Exact name of registrant as specified in its charter)

      State of Washington                                   91-0239195
(State or other jurisdiction                            (I.R.S. Employer
of incorporation or organization)                       Identification No.)

   601 West Main Avenue, Suite 714

 
         Spokane, Washington                                   99201-0677
(Address of principal executive offices)                       (Zip Code)

(Registrant's telephone number, including area code)          509-455-9077


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 at least the past
90 days.                   Yes    (X)    No    ( )

State the number of shares outstanding of each of the issuer's classes of 
common equity, as of the latest practicable date. .  16,863,076  

Transitional Small Business Disclosure Format (check one): Yes  ( )  No  (X) 













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DOCUMENT PAGE 1 of 6
<PAGE>
                         CIMARRON-GRANDVIEW  GROUP,  INC.
                                  FORM  10-QSB
              FOR  THE  QUARTERLY  PERIOD  ENDED  MARCH  31,  1999

                         PART I. - FINANCIAL INFORMATION

Item  1  Financial  Information

CIMARRON-GRANDVIEW  GROUP,  INC.
BALANCE  SHEET     MARCH  31,  1998  (UNAUDITED)


<TABLE>
ASSETS
CURRENT  ASSETS:
<S>                                                         <C>
Cash and cash equivalents:
    Cash  in  bank                                          $     21,778
    Certificate  of  deposit                                     125,453
    Temporary  cash  investments                                   3,844
                                                            -------------
Total  current  assets                                           151,078

SECURITIES                                                        10,795

MINING  PROPERTIES                                                 3,911
                                                            -------------

                                                            $    165,782
                                                            =============

LIABILITIES  AND  STOCKHOLDERS'  EQUITY

CURRENT  LIABILITIES:

Accounts  payable                                           $        767

STOCKHOLDERS'  EQUITY:

     Common  stock--50,000,000  shares,
     no  par  value,  authorized;
     16,862,792  shares  issued  and  outstanding           $    693,949
     Note  receivable,  stock  purchase                           (6,000)
     Accumulated  other  comprehensive  income:
     Unrealized  loss,  marketable  securities                   (26,716)
     Retained  earnings  (deficit)                              (496,218)
                                                            -------------
Total  stockholders'  equity                                     165,015
                                                            -------------

                                                            $    165,782
                                                            =============

</TABLE>







DOCUMENT PAGE 2 of 6
<PAGE>
                       CIMARRON-GRANDVIEW  GROUP,  INC.
                                  FORM  10-QSB
              FOR  THE  QUARTERLY  PERIOD  ENDED  MARCH  31,  1999

CIMARRON-GRANDVIEW  GROUP,  INC.
STATEMENTS  OF  INCOME  (UNAUDITED)

<TABLE>
                                   Three Months Ended          Year to date ended
                              --------------------------   --------------------------
                                March 31,     March 31,       March 31,    March 31,
                                  1999         1998            1999          1998
                              ------------  ------------   ------------  ------------
<S>                           <C>           <C>            <C>           <C>
INCOME:

Dividend and interest income  $       597   $       178    $       597   $       178
                              ------------  ------------   ------------  ------------

EXPENSES:

Directors'  fees                      150           -              150           -
Professional  fees                    245         7,309            245         7,309
Office  expense                       450           410            450           410
Taxes,  licenses,  and  fees          501           870            501           870
                              ------------  ------------   ------------  ------------

                                    1,346         8,589          1,346         8,589
                              ------------  ------------   ------------  ------------


LOSS BEFORE OTHER INCOME 
     (EXPENSE)                       (749)       (8,411)          (749)       (8,411)

OTHER  INCOME  (EXPENSE):

Gain  on  sale  of  investment      24,487           68         24,487            68
                              ------------  ------------   ------------  ------------

NET  GAIN  (LOSS)             $     23,738  $    (8,343)   $    23,738   $    (8,343)
                              ============  ============   ============  ============
BASIC  INCOME  PER SHARE      $     NIL     $     NIL      $     NIL     $     NIL
                              ============  ============   ============  ============
</TABLE>

















DOCUMENT PAGE 3 of 6
<PAGE>

                       CIMARRON-GRANDVIEW  GROUP,  INC.
                                  FORM  10-QSB
              FOR  THE  QUARTERLY  PERIOD  ENDED  MARCH  31,  1999

CIMARRON-GRANDVIEW  GROUP,  INC.
STATEMENTS  OF  CASH  FLOWS  (UNAUDITED)

<TABLE>
                                                     Three  Months  Ended
                                                          March  31,
                                              ---------------------------------
                                                     1999            1998
                                              ----------------   --------------

<S>                                           <C>                <C>
INCREASE (DECREASE) IN CASH 

CASH FLOWS FROM OPERATING ACTIVITIES:

Net  income  (loss)                           $         23,738    $     (8,343)

Adjustments to reconcile net income
(loss) to net cash used in operations:
    Gain (loss) on sale of securities                      -               (69)
    Gain (loss) on sale of mining properties           (24,487)            -
    Increase  (decrease) in:
      Accounts  payable                                 (1,500)            -
                                              ----------------   --------------

    Net cash used in operating activities              (25,987)            (69)
                                              ----------------   --------------



CASH  FLOWS  FROM  INVESTING  ACTIVITIES:

Proceeds  from  sale  of  securities                    24,487          13,719
                                              ----------------   --------------

CASH  FLOWS  FROM  FINANCING  ACTIVITIES:

Proceeds from issue of stock for services                  150             -
Proceeds from sale of common stock                     100,000             -
                                              ----------------   --------------

    Net cash provided by financing activities          100,150             -
                                              ----------------   --------------

NET  INCREASE  IN  CASH                                122,388           5,307

CASH,  BEGINNING  OF  PERIOD                            28,688           8,297
                                              ----------------   --------------

CASH,  END  OF  PERIOD                        $        151,076   $      13,604
                                              ================   ==============

</TABLE>



DOCUMENT PAGE 4 of 6
<PAGE>
                       CIMARRON-GRANDVIEW  GROUP,  INC.
                                  FORM  10-QSB
              FOR  THE  QUARTERLY  PERIOD  ENDED  MARCH  31,  1999




CIMARRON-GRANDVIEW  GROUP,  INC.
NOTES  TO  FINANCIAL  STATEMENTS

NOTE  1  -  BASIS  OF  PRESENTATION:

      The  financial   statements  included   herein  have   been  prepared   by
Cimarron-Grandview  Group,  Inc.  (the  Company), without audit, pursuant to the
rules  and  regulations  of  the  Securities  and Exchange Commission (the SEC).
Certain  information  and  footnote  disclosures  normally included in financial
statements  prepared in accordance with generally accepted accounting principles
have been omitted pursuant to such SEC rules and regulations.  In the opinion of
management  of  the  Company,  the  foregoing statements contain all adjustments
necessary  to  present  fairly the financial position of the Company as of March
31,  1999,  and its results of operations for the three month period ended March
31, 1999 and 1998, and its cash flows for the three month period ended March 31,
1999  and  1998.  The  interim  results  reflected  in  the  foregoing financial
statements  are  not  considered indicative of the results expected for the full
fiscal  year.


NOTE  2  -  RECENT  DEVELOPMENTS:

In  January 1999, the Company sold approximately 34 acres of surface and mineral
rights  located  in  northern  Stevens  County  for  $25,000  cash.

In  February  1999,  400,000 shares of Company stock was issued and exercised by
Company  directors.  The  exercised  price  is  $.005  per  share,  payable by a
one-year  nonrecourse  promissory  note bearing interest at 8 percent per annum.
Also,  the  Company  issued  restricted  stock  grants  (50,000)  each  to three
directors  for  services.

In  March  1999,  the  Company  sold  8,431,538  shares  of its common stock for
$100,000.

Item  2.  Management's  Discussion  and  Analysis  or  Plan  of  Operation

The  Registrant  has  no  revenues  from  operations.  It's only income has been
derived  from  interest.

The  Registrant's  plan  of operation for the next twelve months will consist of
attempting  to  acquire  an  interest  in  a  business  opportunity.  Due to the
Registrant's  limited assets and its inability to raise additional financing due
to  the  lack  of a market for its Common Stock, it is anticipated that any such
acquisition  would  be  a  "reverse  take-over" accomplished through a merger or
share  exchange.  In  such  event,  the Registrant's existing shareholders would
likely  become  minority shareholders in the surviving entity. The Registrant is
not  currently  evaluating  any  specific  acquisition  opportunities.

The  Company does not currently have any employees and anticipates utilizing the
services  of  consultants  to  accomplish  its  plan  of  operation. The Company
currently  has  sufficient  resources  to meet its financial obligations for the
next  twelve  months.


DOCUMENT PAGE 5 of 6
<PAGE>
                       CIMARRON-GRANDVIEW  GROUP,  INC.
                                  FORM  10-QSB
              FOR  THE  QUARTERLY  PERIOD  ENDED  MARCH  31,  1999

                            PART II OTHER INFORMATION

Item  6.  Exhibits  and  Reports  of  Form  8-K

(b)  Reports  on  Form  8-K

During  the Quarter ended March 31, 1999 the Registrant filed the following Form
8-Ks:

Date  of  Report          Item  Reported
---------------------     --------------
February  16,  1999       Item 4. Change in Registrants Certifying Accountant
February  16,  1999       Item 4. Change in Registrants Certifying Accountant
                                  (accountant's  confirming  letter)
March   8,  1999          Item  4.  Change  in  Registrants  Certifying
Accountant
March   9,  1999          Item  1.  Changes  in  Control
March  29, 1999           Item 5. Other Events (re change of transfer agent)


***************************************************************************
                                SIGNATURES 
***************************************************************************

In accordance with Section 13 or 15(d) of the Exchange Act , the registrant 
caused this report to be signed on its behalf by the undersigned, thereunto 
duly authorized.

CIMARRON-GRANDVIEW GROUP, INC.


By: /s/ Gregory B. Lipsker                   Date:      May 12, 1999
_______________________________________      _______________________________
GREGORY B. LIPSKER, President
(Principal Executive Officer)


By: /s/ Eunice R. Campbell                   Date:      May 12, 1999
_______________________________________       _______________________________
EUNICE R. CAMPBELL, Secretary/Treasurer
(Principal Financial Officer)