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, 1998

                               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.)


                    3211 South Highland Drive
                    Salt Lake City, Utah 84106  
            (Address of principal executive offices)

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


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, 1998:  908,300

<PAGE>
                 PART I - FINANCIAL INFORMATION


Item 1.   Financial Statements

                  FIRST AMERICAN CLOCK CO.
               (A Development Stage Company)

                  CONDENSED BALANCE SHEET

                           ASSETS

                                                   September 30, December 31,
                                                        1998         1997
                                                   -----------    ----------
                                                   (Unaudited)
CURRENT ASSETS:
  Cash in bank                                            $270          $291
                                                       -------       -------
    Total Current Assets                                   270           291
                                                       -------       -------
OTHER ASSETS:
  Organization costs, net of amortization of 
    $563 and $413                                          437           587
  Investment in clocks                                  33,500        33,500
                                                       -------       -------
    Total Other Assets                                  33,937        34,087
                                                       -------       -------
TOTAL ASSETS                                           $34,207       $34,378
                                                       =======       =======
            LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
  Accounts payable                                     $     -       $    62 
  Franchise tax payable                                      -           100
  Accrued interest payable                                 259            78
  Refund due customer                                    3,350         3,350
  Stockholder advances                                   5,850         2,250 
                                                       -------       -------
    Total Current Liabilities                            9,459         5,840 
                                                       -------       -------
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 908,300 shares issued 
    and outstanding respectively                           908           908
  Capital in excess of par value                        45,753        45,753 
  Earnings (deficit) accumulated during the 
    development stage                                  (21,913)      (18,123)
                                                       -------       -------
    Total Stockholders' Equity                          24,748        28,538
                                                       -------       -------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY             $34,207       $34,378
                                                       -------       -------

                  See notes to Condensed Financial Statements

<PAGE>
                           FIRST AMERICAN CLOCK CO.
                         (A Development Stage Company)

                       CONDENSED STATEMENT OF OPERATIONS
                                  (Unaudited)

                           For the Three         For the Nine      Cumulative
                           Months Ended          Months Ended      During the
                           September 30,         September 30,     Development
                          1998       1997        1998       1997     Stage
                        ------     ------     -------     -------   ---------
REVENUE
  Clock sales           $    -     $    -     $     -     $ 5,500   $      -
  Costs of goods sold        -          -           -      (4,500)         -
                        ------     ------     -------     -------   ---------
    Total revenues           -          -           -       1,000          - 
                        ------     ------     -------     -------   ---------
EXPENSES
  Interest                  82         17         181          47        259
  Bank charges              17         19          51          49        339
  Professional fees        655        725       3,210       3,607      9,603
  Amortization expense      50         50         150         150        562
  Other fees                 -          -         198         420      1,525
  Travel                     -          -           -           -        719
  Investment write-down      -          -           -           -      9,000
                        ------     ------     -------     -------   ---------
    Total expenses         804        811       3,790       4,273     22,007
                        ------     ------     -------     -------   ---------
OPERATING INCOME (LOSS)   (804)      (811)     (3,790)     (3,273)   (22,007)

OTHER INCOME (EXPENSE)
  Interest                   -          -           -           -         94
                        ------     ------     -------     -------   ---------
NET INCOME (LOSS)       $ (804)    $(811)     $(3,790)    $(3,273)  $(21,913)
                        ======     ======     =======     =======   =========
EARNINGS(LOSS) PER SHARE $(0.00)   $ (0.00)   $ (0.00)    $ (0.00)  $  (0.02)
                          ======    ======     =======     =======   ========

                  See notes to Condensed Financial Statements

<PAGE>
          FIRST AMERICAN CLOCK CO.
        (A Development Stage Company)

      CONDENSED STATEMENT OF CASH FLOWS
                 (Unaudited)

                                   For the Three   For the Nine    Cumulative
                                   Months Ended    Months Ended    During the
                                   September 30,   September 30,  Development
                                   1998     1997   1998     1997    Stage
                                   ------------------------------------------
CASH FLOWS FROM OPERATING ACTIVITIES
 Sales                            $     -   $ 500 $      -  $ 3,100 $       -
 Deposit due customer                   -       -                 -     3,350
 Interest income                        -       -        -        -        94
 Bank charges                         (17)      -      (51)     (14)     (340)
 Cash paid for organization expense, 
  supplies and services              (375)   (744)  (3,570)  (3,687)  (12,845)
                                   ------------------------------------------
   Net Cash Provided (Used) by 
    Operating Activities             (392)   (244)  (3,621)    (601)   (9,741)
                                   ------------------------------------------
CASH FLOWS FROM INVESTING ACTIVITIES
 Investment in clocks                   -       -        -        -   (42,500)
                                   ------------------------------------------
   Net Cash (Used) by 
    Investing Activities                -       -        -        -   (42,500)
                                   ------------------------------------------
CASH FLOWS FROM FINANCING ACTIVITIES
 Sale of common stock                   -       -        -        -    62,150 
 Deferred offering costs                -       -        -        -   (15,489)
 Stockholder advances                 500     250    3,600      250     5,850
                                   ------------------------------------------
   Net Cash Provided by 
    Financing Activities              500     250    3,600      250    52,511
                                   ------------------------------------------
NET INCREASE (DECREASE) IN CASH       108       6      (21)    (351)      270

CASH  -  BEGINNING OF PERIOD          162      53      291      410        -
                                   ------------------------------------------
CASH  -  END OF PERIOD            $   270   $  59 $    270  $    59 $     270
                                   ------------------------------------------
RECONCILIATION OF NET INCOME TO NET CASH 
  PROVIDED(USED) BY OPERATING ACTIVITIES

NET INCOME (LOSS)                 $(804)    $(811) $(3,790) $(3,273) $(21,913)
                                   ------------------------------------------
Adjustments to reconcile net income (loss) to net 
 cash provided (used) by operating activities
   Amortization                      50        50      150      150       563
   Investment write-down              -         -        -        -     9,000
   Change in assets and liabilities
    Pre-paid expense                280         -        -        -         -
    Inventory costs                   -         -        -    4,500         -
    Organization costs                -         -        -        -    (1,000)
    Account receivable                -       500        -   (2,400)        -
    Accrued interest payable         82        17      181       47       259
    Accounts payable and franchise 
     tax payable                      -         -     (162)     375         -
    Refund due customer               -         -        -        -     3,350
                                   ------------------------------------------
     Total Adjustments              412       567      169     2,672   12,172
                                   ------------------------------------------
NET CASH (USED) BY OPERATING 
 ACTIVITIES                       $(392)    $(244) $(3,621) $  (601) $ (9,741)
                                   ==========================================
                  See notes to Condensed Financial Statements
<PAGE>
                  FIRST AMERICAN CLOCK CO.
               (A Development Stage Company)
                              
          NOTES TO UNAUDITED FINANCIAL STATEMENTS
                              
  NOTE 1  -  CONDENSED FINANCIAL STATEMENTS
  
       The Company, without audit, has prepared the accompanying
       financial statements.  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, 1998 and 1997 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 statements and notes thereto
       included in the Company's December 31, 1997 audited financial
       statements.  The results of operations for the periods ended
       September 30, 1998 and 1997 are not necessarily indicative of the
       operating results for the full year.




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

     The Company was incorporated on May 17, 1995.  The Company
has not yet generated any significant 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, the closing of such offering and the
acquisition of initial inventory and commencement of limited
operations.  The Company has no significant assets other than the
inventory initially acquired with the net proceeds from the
offering. 

     The Company used most of the net proceeds from the offering
to acquire antique, museum quality clocks, watches and other
timepieces for resale.  A portion of the proceeds was also used
to provide initial working capital for the commencement of
operations of the Company's business.  Management's plan of
operation for the next twelve months is to attempt to arrange
suitable resales of the existing inventory to generate revenues
from operations and provide sufficient proceeds to acquire
additonal items of inventory.  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 that heretofore have not been
available to the general buying public, and intends to market
such timepieces to museums or other institutional buyers, private
collectors and the general public.  

     There is absolutely no assurance that the business will
succeed and that the Company will be able to find purchasers for
and arrange suitable resales of the inventory it has already
acquired.  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.  If
the Company is unable to generate sufficient revenues from
operations to cover expenses it may 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.  Changes in Securities and Use of Proceeds

     (a)  None.

     (b)  None.

     (c)  See Part I, Item 1 (financial statements) and Item 2
          (management's discussion) for financial information and
          a narrative discussion regarding use of proceeds.

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.

<PAGE>
                           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 13, 1998       by: /s/Mick Jardine
                                   Mick Jardine, Chairman