U.S. 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:  September 30, 1996

                                     OR

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

                      COMMISSION FILE NUMBER:  33-93994


                           FIRST AMERICAN CLOCK CO.  
           (Exact name of registrant as specified in its charter)


      NEVADA                                               87-0543565 
(State or other jurisdiction                   (I.R.S. Employer
of incorporation or organization)              Identification No.)

                 861 East Baker Street, Midvale, Utah 84047 
                  (Address of principal executive offices)

                                (801) 484-8680      
            (Registrant's telephone number, including area code)

           3211 South Highland Drive, Salt Lake City, Utah 84106  
               (Former address, if changed since last report)

Check whether the issuer (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 report(s), and (2) has been subject to such filing
requirements for the past 90 days.

YES [X]     NO [ ]     

The number of $.001 par value common shares outstanding at September 30, 1996: 
908,300

<PAGE>
                       PART I - FINANCIAL INFORMATION


Item 1.   Financial Statements




                          FIRST AMERICAN CLOCK CO.
                        (A Development Stage Company)
                                                                   
                                BALANCE SHEET
                                                                   
                                   ASSETS
                                                                   
                                                                   
                                                 September 30,   December
                                                     1996        31, 1995
                                                  (Unaudited)            
CURRENT ASSETS:                                                    
     Cash in bank                                   $      72   $     856
     Inventory                                         42,500            
     Deferred offering costs                                -       6,744
                                                                         
          Total Current Assets                         42,572       7,600
                                                                         
OTHER ASSETS:                                                            
     Organization costs, net of amortization of                          
       $113 and $62                                       837         438
                                                                         
          Total Other Assets                              887         438
                                                                         
TOTAL ASSETS                                        $  43,409   $   8,038
                                                                         
                    LIABILITIES AND STOCKHOLDERS' EQUITY
                                                                         
CURRENT LIABILITIES:                                                     
     Accounts payable                               $       -   $     109
                                                                         
          Total Current Liabilities                         -         109
                                                                         
STOCKHOLDERS' EQUITY:                                                    
     Preferred stock; $.001 par value,
       5,000,000 shares authorized,
       no shares issued and outstanding                     -           -
     Common stock; $.001 par value, 50,000,000
       shares authorized, 908,300 and 800,000
       shares issued and outstanding                      908         800
     Capital in excess of par value                    45,753       7,200
     Earnings (deficit) accumulated during the                           
       development stage                               (3,252)        (71)
                                                                         
          Total Stockholders' Equity                   43,409       7,929
                                                                         
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY          $  43,409   $   8,038



<PAGE>
                          FIRST AMERICAN CLOCK CO.
                        (A Development Stage Company)
                                                               
                           STATEMENT OF OPERATIONS
                                 (Unaudited)
                                                                    
                                                                    
                            For the          For the       Cumulative
                             Three             Nine           During 
                             Months           Months           the
                             Ended            Ended        Development
                          September 30,    September 30,      Stage
                          1996    1995     1996     1995   
                                                                    
REVENUES:                                                           
     Interest            $    -  $  21   $   49    $  21      $   94
                                                                    
EXPENSES:                                                           
  Bank charges               66     21      151       21         204
  Amortization expense       50     25      100       37         163
  Professional fees         375      -    1,860        -       1,860
  License and fees          175      -      400        -         400
  Travel                      -      -      719        -         719
                                                                    
      Total Expenses        666     46    3,230       58       3,346
                                                                    
NET LOSS               $  (666)  $ (25) $(3,181)   $ (37)    $(3,252)
                                                                    
LOSS PER SHARE            $0.00  $0.00    $0.00    $0.00     $(0.04)

<PAGE>
                          FIRST AMERICAN CLOCK, CO.
                        (A Development Stage Company)
                                                                            
                           STATEMENT OF CASH FLOWS
                                 (Unaudited)

                                        For the         For the     Cumulative
                                         Three           Nine         During
                                         Months          Months         the
                                         Ended           Ended     Development
                                      September 30,   September 30,    Stage
                                      1996    1995    1996    1995   
 
CASH FLOWS FROM OPERATING ACTIVITIES                                           

  Interest income                      $ -    $21       $49     $21       $94
  Bank charges                         (66)   (21)     (151)    (21)     (205)
  Cash paid for organization
    expenses, suppliers and 
    services                        (7,550)     -   (45,979)   (500)  (46,479)

    Net Cash used by Operating      (7,616)     -   (46,081)   (500)  (46,590)
    Activities

CASH FLOWS FROM INVESTING ACTIVITIES     -      -         -       -         -

CASH FLOWS FROM FINANCING ACTIVITIES
  Sale of common stock                  -       -    54,150   8,000    62,150
  Deferred offering costs               -  (5,000)   (8,853) (6,100)  (15,488)

    Net Cash Provided (Used) by
    Financing Activities                -   5,000    45,297   1,900    46,662

NET INCREASE (DECREASE) IN CASH    (7,616)  5,000      (784)  1,400        72

CASH  -  BEGINNING OF PERIOD        7,688   6,400       856       -         -

CASH  -  END OF PERIOD             $   72  $1,400    $   72  $1,400    $   72

RECONCILIATION OF NET INCOME TO NET
    CASH PROVIDED (USED) BY
    OPERATING ACTIVITIES

NET INCOME (LOSS)                  $  (666)  $(25)  $(3,181)   $(37)  $(3,252)

Adjustments to reconcile
  net income (loss) to net cash
  provided (used) by operating
  activities
    Amortization                         50      -       100       -       162
    Change in assets and                                                      
      liabilities
        Inventory costs             (7,000)      -  (42,500)       -  (42,500)
        Organization costs                -    (25)    (500)   (463)   (1,000)
 
          Total Adjustments         (6,950)    (25) (42,900)   (463)  (43,338)
 
NET CASH (USED) BY OPERATING
    ACTIVITIES                    $ (7,616) $    - $(46,081)  $(500) $(46,590)



                          FIRST AMERICAN CLOCK CO.
                        (A Development Stage Company)
                                      
                   NOTES TO UNAUDITED FINANCIAL STATEMENTS
                                      
NOTE 1 - CONDENSED FINANCIAL STATEMENTS

     The  accompanying financial statement have been prepared by the Company
     without  audit.  In  the opinion of management. all adjustments  (which
     include only normal recurring adjustments) necessary to present  fairly
     the financial position, results of operation and cash flows at September
     30, 1996 and for all periods presented have been made.
     
     Certain  information  and  footnote disclosures  normally  included  in
     financial  statements  prepared in accordance with  generally  accepted
     accounting  principles have been condensed or omitted. It is  suggested
     that  these condensed financial statements be read in conjunction  with
     the  financial  states  and  notes thereto included  in  the  Company's
     December  31,  1995  audited  financial  statement.   The  results   of
     operations for the periods ended September 30, 1996 and 1995 are not
     necessarily indicative of the operating results for the full year.
     
NOTE 2 - COMPLETED OFFERING OF STOCK

     During  the  quarter  ended  March 31, 1996 the  Company  completed  an
     offering  of  its common stock in which it sold l08,300 shares  of  its
     stock  to  the  public at $.50 per share and raised gross  proceeds  of
     $54.150. Direct costs of the offering were $17,007.

<PAGE>
Item 2:  Management's Discussion & Analysis or Plan of Operations

      The Company was only recently incorporated on May 17, 1995.  The Company
has not yet generated revenues from operations and is considered a development
stage company.  To date, activities have been limited to organizational
matters, the preparation and filing of a registration statement to register a
public offering of its securities (pursuant to which the Company offered and
sold 108,300 shares of common stock and raised gross proceeds of $54,150), and
purchases of initial inventory.  Such offering was not completed and closed
until late March, 1996.  The Company has no significant assets other than the
net proceeds from the offering and the inventory purchased. 

      Management's plan of operation for the next twelve months is to use the
net proceeds from the offering to acquire antique, museum quality clocks,
watches and other timepieces for resale.  A portion of the proceeds will also
be used to provide initial working capital for the operation of the Company's
proposed business.  The Company is totally dependent upon the net proceeds of
this offering to provide the working capital necessary to conduct its intended
business operations.  The Company was formed to engage in the business of
retailing and/or wholesaling unusual and unique timepieces of museum quality. 
The Company has acquired antique, museum quality timepieces and intends to
market such timepieces to museums or other institutional buyers, private
collectors and the general public.  

      Inasmuch as the offering was not completed and the Company did not
receive any net proceeds therefrom until late March, 1996, the Company did not
commence operations until after the offering closed, and has only made
purchases of inventory thus far, but has not yet generated any revenues from
sales.  There is absolutely no assurance that the proposed business will
succeed and that the Company will be able, with the proceeds of the offering,
to find, acquire and resell the type of antique, museum quality clocks and
timepieces that it desires to market.  In the event the proposed business is
unsuccessful, there is no assurance the Company could successfully become
involved in any other business venture.  The Company presently has no plans,
commitments or arrangements with respect to any other proposed business
venture.

      At this time, no assurances can be given with respect to the length of
time after commencement of operations that it will be necessary to fund
operations from proceeds of the offering.  Management began investigating the
antique timepiece market and entering into contractual or other arrangements
for acquisition of the inventory as soon as possible after the offering was
completed and the proceeds therefrom received by the Company, and intneds to
resell such inventory as quickly as possible at a sufficient markup to cover
travel and other marketing expenses as well as provide additional proceeds for
the continuing acquisition of inventory.  

      Management believes that the proceeds of the offering will be sufficient
for acquisition of several timepieces and will cover the operating expenses of
the Company for up to six months after commencement of operations, during
which time managment believes the company can begin generating sufficient
revenues from sales and operations to thereafter cover ongoing expenses. 
However, there is absolutely no assurance of this, and if the Company is
unable to generate sufficient revenues from operations to cover expenses
within such time frame, it will have to seek additional debt or equity
financing for which it has no commitments.  

<PAGE>
                         PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

      None.

Item 2.  Change in Securities

      None.

Item 3.  Defaults Upon Senior Securities

      None.

Item 4.  Submission of Matters to a Vote of Security Holders

      None.

Item 5.  Other Information

      None.

Item 6.  Exhibits and Reports on Form 8-K

      None

                                 SIGNATURES

      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.

                                   First American Clock Co.




Date: November 22, 1996            by:  /s/ Mick Jardine, Chairman