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, 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
September 30, 1997:  908,300

<PAGE>
                       PART I - FINANCIAL INFORMATION


Item 1.   Financial Statements

      See attached.

             FIRST AMERICAN CLOCK CO.
          (A Development Stage Company)

                   BALANCE SHEET

                      ASSETS


                                              September 30,   December 31, 
                                                  1997            1996
                                               (Unaudited)
CURRENT ASSETS:
  Cash in bank                                $        59     $       410
  Accounts receivable                               2,400              -
  Inventory                                        38,000          42,500
                                               ----------      ----------
       Total Current Assets                        40,459          42,910
                                               ----------      ----------
OTHER ASSETS:
  Organization costs, net of
    amortization of $363 and $213                     637             787
                                               ----------      ----------
    Total Other Assets                                637             787
                                               ----------      ----------
TOTAL ASSETS                                  $    41,096     $    43,697
                                               ----------      ----------
       LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
  Accounts payable                            $       375     $        -
  Accrued interest payable                             57              10
  Stockholder advances                              1,250           1,000
                                               ----------      ----------
    Total Current Liabilities                       1,682           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                     908             908
  Capital in excess of par value                   45,753          45,753
  Earnings (deficit) accumulated during the
    development stage                              (7,247)         (3,974)
                                               ----------      ----------
    Total Stockholders' Equity                     39,414          42,687
                                               ----------      ----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY    $    41,096     $    43,697
                                               ----------      ----------




The accompanying notes are an integral part of these financial statements.
<PAGE>
FIRST AMERICAN CLOCK CO.
(A Development Stage Company)

STATEMENT OF OPERATIONS
       (Unaudited)


                          For the Three       For the Nine        Cumulative
                          Months ended        Months ended        During the
                          September 30,       September 30,       Development
                          1997      1996      1997      1996        Stage

REVENUES:
  Clock sales             $   -   $     -    $ 5,500  $     -       $ 5,500
  Costs of good sold          -         -     (4,500)       -        (4,500)
                           ----    ------     ------   ------        ------
    Total revenues            -         -      1,000        -         1,000
                           ----    ------     ------   ------        ------

EXPENSES:
  Interest                   17         -         47        -            57
  Bank charges               19        30         49       85           271
  Professional fees         725     1,485      3,607    1,485         5,767
  Amortization expense       50        25        150       50           363
  Other fees                  -       225        420      225         1,164
  Travel                      -       719          -      719           719
                           ----    ------     ------   ------        ------
    Total Expenses          811     2,484      4,273    2,564         8,341
                           ----    ------     ------   ------        ------
OPERATING INCOME (LOSS)    (811)   (2,484)    (3,273)  (2,564)       (7,341)
                           ----    ------     ------   ------        ------
OTHER INCOME (EXPENSE) 
  Interest                    -        18          -       49            94
                           ----    ------     ------   ------        ------
NET INCOME (LOSS)         $(811)  $(2,466)   $(3,273) $(2,515)      $(7,247)
                           ----    ------     ------   ------        ------
EARNINGS(LOSS) PER SHARE  $(0.00) $ (0.00)   $ (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)

      STATEMENT OF CASH FLOWS
            (Unaudited)

                                 For the Three      For the Nine    Cumulative
                                  Months Ended       Months Ended   During the
                                 September 30,      September 30,  Development
                                 1997      1996     1997      1996      Stage

CASH FLOWS FROM OPERATING
  ACTIVITIES
  Sales                         $ 500  $     -    $ 3,100  $      -  $  3,100
  Interest income                   -        18         -        49        94
  Bank charges                      -       (30)      (14)      (85)     (236)
  Cash paid for organization
   expenses, suppliers and
   services                      (744)  (37,929)   (3,687)  (38,429)  (50,810)
                                 ----   -------    ------   -------   -------
   Net Cash used by Operating
    Activities                   (244)  (37,941)     (601)  (38,465)  (47,852)
                                 ----   -------    ------   -------   -------
CASH FLOWS FROM INVESTING
  ACTIVITIES                        -        -         -         -         -
                                 ----   -------    ------   -------   -------
CASH FLOWS FROM FINANCING
  ACTIVITIES
  Sale of common stock              -         -         -    54,150    62,150
  Deferred offering costs           -    (1,737)        -    (8,853)  (15,489)
  Stockholder advances            250         -       250         -     1,250
                                 ----   -------    ------   -------   -------
   Net Cash Provided (Used) by
    Financing Activities          250    (1,737)      250    45,297    47,911
                                 ----   -------    ------   -------   -------
NET INCREASE (DECREASE) IN CASH     6   (39,678)     (351)    6,832        59

CASH  -  BEGINNING OF PERIOD       53    47,366       410       856        -
                                 ----   -------    ------   -------   -------
CASH  -  END OF PERIOD          $  59  $  7,688   $    59  $  7,688  $     59
                                 ----   -------    ------   -------   -------
RECONCILIATION OF NET INCOME TO
  NET CASH PROVIDED (USED) BY
  OPERATING ACTIVITIES

NET INCOME (LOSS)               $(811) $ (2,466)  $(3,273) $ (2,515) $ (7,247)
                                 ----   -------    ------   -------   -------
Adjustments to reconcile net
  income (loss) to net cash
  provided (used) by
  operating activities
    Amortization                   50        25       150        50       363
    Change in assets and
     liabilities
     Inventory costs                -   (35,500)    4,500   (35,500)  (38,000)
     Organization costs             -         -         -         -    (1,000)
     Accounts receivable          500         -    (2,400)        -    (2,400)
     Accrued interest
      payable                      17         -        47         -        57
     Accounts payable               -         -       375      (500)      375
                                 ----   -------    ------   -------   -------
       Total Adjustments          567   (35,475)    2,672   (35,950)  (40,605)
                                 ----   -------    ------   -------   -------
NET CASH (USED) BY OPERATING
  ACTIVITIES                   $ (244) $(37,941)  $  (601) $(38,465) $(47,852)
                                 ----   -------    ------   -------   -------




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 Company without audit has prepared the accompanying financial statement. 
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, 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
statements and notes thereto included in the Company's December 31, 1996
audited financial statements.  The results of operations for the periods ended
September 30, 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 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.  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.  

      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.

      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)   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 18, 1997            by:   /s/Mick Jardine
                                         Mick Jardine, Chairman