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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 June 30, 1998

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.  7,881,538

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













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                          CIMARRON-GRANDVIEW GROUP, INC.

                                  FORM 10-QSB

                  FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1998


PART I. - FINANCIAL INFORMATION

The Registrant falls within the provisions of Rule 13a-13(c)(2) of the 
Securities Exchange Act of 1934, as amended, and claims exemption thereunder 
from the requirement to file Part I.

PART II. - OTHER INFORMATION

All items omitted as not applicable.


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                                SIGNATURES 

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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:      August 14, 1998
_______________________________________      _______________________________
GREGORY B. LIPSKER, President
(Principal Executive Officer)


By: /s/ Eunice R. Campbell                   Date:      August 14, 1998
_______________________________________       _______________________________
EUNICE R. CAMPBELL, Secretary/Treasurer
(Principal Financial Officer)













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