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:  March 31, 1997

                                     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 March
31, 1997:  908,300

<PAGE>
                       PART I - FINANCIAL INFORMATION


Item 1.   Financial Statements

      See attached.

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

             CONDENSED BALANCE SHEETS

                      ASSETS


                                                 March 31, 1997  December 31,
                                                   (Unaudited)        1996
CURRENT ASSETS:
  Cash in bank                                     $        554   $      410
  Accounts receivable                                     3,500            -
  Inventory                                              38,000       42,500
                                                   ------------   ----------
     Total Current Assets                                42,054       42,910
                                                   ------------   ----------

OTHER ASSETS:
  Organization costs, net of amortization of 
     $263 and $213                                          737          787
                                                   ------------   ----------
     Total Other Assets                                     737          787
                                                   ------------   ----------
TOTAL ASSETS                                       $     42,791   $   43,697
                                                   ------------   ----------

       LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
  Accounts payable                                 $        750   $        -
  Accrued interest payable                                   25           10
  Stockholder advances                                    1,000        1,000
                                                   ------------   ----------
     Total Current Liabilities                            1,775        1,010
                                                   ------------   ----------
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                                   (5,645)      (3,974)
                                                   ------------   ----------
     Total Stockholders' Equity                          41,016       42,687
                                                   ------------   ----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY         $     42,791   $   43,697
                                                   ------------   ----------


The accompanying notes are an integral part of these financial statements

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

   CONDENSED STATEMENTS OF OPERATIONS
              (Unaudited)


                                    For the        For the      Cumulative
                                  Three Months   Three Months   During the
                                     Ended          Ended      Development
                                 March 31, 1997 March 31, 1996    Stage

REVENUE
  Clock sales                     $     5,500    $             $   5,500
  Costs of goods sold                  (4,500)         -          (4,500)
                                  -----------    --------      ---------
     Total revenues                     1,000          -           1,000

EXPENSES
  Interest                                 15          -              25
  Bank charges                             14         55             236
  Professional fees                     2,257          -           4,417
  Amortization expense                     50         25             263
  Other fees                              335          -           1,079
  Travel
                                  -----------    --------      ---------
     Total expenses                     2,671        (80)          6,739
                                  -----------    --------      ---------
OPERATING INCOME (LOSS)                (1,671)       (80)         (5,739)

OTHER INCOME (EXPENSE)
     Interest                               -         31              94
                                  -----------    --------      ---------
NET INCOME (LOSS)                 $    (1,671)   $   (49)      $  (5,645)
                                  -----------    --------      ---------

EARNINGS (LOSS) PER SHARE         $     (0.00)   $ (0.00)      $   (0.01)
                                  -----------    --------      ---------


The accompanying notes are an integral part of these financial statements

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

                                         For the        For the     Cumulative
                                       Three Months   Three Months  During the
                                          Ended          Ended      Develoment
                                      March 31, 1997 March 31, 1996    Stage

INCREASE (DECREASE) IN CASH

CASH FLOWS FROM OPERATING ACTIVITIES
  Sales                                $     2,000    $            $    2,000
  Interest income                                -            31           94
  Bank charges                                 (14)          (55)        (236)
  Cash paid for organization expense, 
   supplies and services                    (1,842)         (500)     (48,965)
                                       -----------    ----------   ----------
     Net Cash Provided (Used) by 
      Operating Activities                     144          (524)     (47,107)
                                       -----------    ----------   ----------
CASH FLOWS FROM INVESTING ACTIVITIES             -             -            -
                                       -----------    ----------   ----------
CASH FLOWS FROM FINANCING ACTIVITIES
  Sale of common stock                           -        54,150       62,150
  Deferred offering costs                        -        (7,116)     (15,489)
  Stockholder advances                           -             -        1,000
                                       -----------    ----------   ----------
     Net Cash Provided by Financing 
      Activities                                 -        47,034       47,661
                                       -----------    ----------   ----------
NET INCREASE (DECREASE) IN CASH                144        46,510          554

CASH  -  BEGINNING OF PERIOD                   410           856            -
                                       -----------    ----------   ----------
CASH  -  END OF PERIOD                 $       554    $   47,366   $      554
                                       -----------    ----------   ----------

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

NET INCOME (LOSS)                      $    (1,671)   $      (49)  $   (5,645)
                                       -----------    ----------   ----------
Adjustments to reconcile net income 
 (loss) to net cash provided (used) 
 by operating activities
   Amortization                                 50            25          263
   Change in assets and liabilities
    Inventory costs                          4,500             -      (38,000)
    Organization costs                           -          (500)      (1,000)
    Accounts receivable                     (3,500)            -       (3,500)
    Accrued interest payable                    15             -           25
    Accounts payable                           750             -          750
                                       -----------    ----------   ----------
       Total Adjustments                     1,815          (475)     (41,462)
                                       -----------    ----------   ----------
NET CASH PROVIDED (USED) 
  BY OPERATING ACTIVITIES              $       144    $     (524)  $  (47,107)
                                       -----------    ----------   ----------

The accompanying notes are an integral part of these financial statements
<PAGE>
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 March 31, 1997 and 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, 1996 audited financial statement.  The
results of operations for the periods ended March 31, 1997 and 1996 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 the 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
and intends to acquire antique, museum quality timepieces that
heretofore have not been available to the general buying public,
and market such timepieces to museums or other institutional
buyers, private collectors and the general public.  This is based
solely on management's belief that in some instances the
timepieces it may acquire are presently in the hands of private
collectors who are not holding them out for sale to the general
public.  In the event the Company acquires such pieces but does
not, in any instance, have a prearranged buyer, it would make
such items available for sale to the general public through Mr.
Jardine's retail business. 

      There is absolutely no assurance that the business will
succeed and that the Company will be able, with the proceeds of
the offering, to find and acquire the type of antique, museum
quality clocks and timepieces that it desires to acquire or 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.

      Mr. Jardine, the President and sole officer and director, is
aware and has inquired of several dozen persons known to him to
be interested in buying museum quality antique timepieces and is
aware of more than a dozen collectors who are interested in
selling pieces from their collections, including individuals in
both the United States and Europe with extensive collections. 
Mr. Jardine is also aware of auctions, shows and other events
where buying and selling takes place which he plans to attend to
the extent funds permit.  Mr. Jardine intends to investigate the
museum quality antique timepiece market in both the United States
and Europe, and believes that with his 25 years of experience in
purchasing and selling antique clocks in the United States and
Europe that the Company should be able to find sufficient
inventory to acquire and market.  However, there is no assurance
that the business skills acquired by the President in the general
antique clock market will enable him to buy and sell museum
quality antique timepieces, since he has only limited prior
experience in this limited aspect of the more general antique
clock market.  (See "Management"). 

      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 has begun investigating the antique timepiece market
and entering into contractual or other arrangements for
acquisition of the inventory, and intends to resell such
inventory that it has acquired 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.  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.  


                         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

<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:  May 21, 1997                by: /s/ Mick Jardine 
                                         Mick Jardine, Chairman