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, 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 March
31, 1998:  908,300

<PAGE>
                 PART I - FINANCIAL INFORMATION

Item 1.   Financial Statements

                           FIRST AMERICAN CLOCK CO.
                         (A Development Stage Company)

                            CONDENSED BALANCE SHEET

                                    ASSETS

                                         March 31,      December 31,
                                           1998             1997
                                         ___________    ___________
                                         (Unaudited)
CURRENT ASSETS:                                                   
  Cash in bank                                $149           $291
                                          ________       ________
     Total Current Assets                      149            291
                                          ________       ________
OTHER ASSETS:
  Organization costs, net of amortization      537            587
    of $463 and $413
  Investment in clocks                      33,500         33,500
                                          ________       ________
     Total Other Assets                     34,037         34,087
                                          ________       ________
TOTAL ASSETS                               $34,186        $34,378
                                          ========       ========

LIABILITIES AND STOCKHOLDERS' EQUITY             

CURRENT LIABILITIES:                             
  Accounts payable                              $0            $62
  Franchise tax payable                        100            100
  Accrued interest payable                     111             78
  Refund due customer                        3,350          3,350
  Stockholder advances                       2,250          2,250
                                          ________       ________
     Total Current Liabilities               5,811          5,840
                                          ________       ________
STOCKHOLDERS' EQUITY:                            
  Preferred stock; $.001 par value, 
    5,000,000 shares authorized, no
    shares issued and outstanding                0              0
  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                  (18,286)       (18,123)
                                          ________       ________
     Total Stockholders' Equity             28,375         28,538
                                          ________       ________

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $34,186        $34,378
                                          ========       ========

          See Notes to Condensed Financial Statements
<PAGE>
                           FIRST AMERICAN CLOCK CO.
                         (A Development Stage Company)

                       CONDENSED STATEMENT OF OPERATIONS
                                  (Unaudited)

                              For the      For the    Cumulative     
                            Three Months Three Months During the 
                                Ended       Ended     Development    
                                March       March      Stage        
                              31, 1998    31, 1997    
                              _____________________________
REVENUE                                                     
     Clock sales                     $0    $5,500        $0
     Costs of goods sold              0    (4,500)        0
                              _____________________________

          Total revenues              0     1,000         0
                              _____________________________

EXPENSES                                              
     Interest                        33        15       111
     Bank charges                    17        14       305
     Professional fees                0     2,257     6,393
     Amortization expense            50        50       462
     Other fees                      63       335     1,390
     Travel                           0         0       719
     Investment write-down            0         0     9,000
                              _________ _________ _________

          Total expenses            163     2,671    18,380
                              _________ _________ _________

OPERATING INCOME                   (163)   (1,671)  (18,380)

OTHER INCOME (EXPENSE)                                
     Interest                         0         0        94
                              _________ _________ _________

NET INCOME (LOSS)                 $(163)  $(1,671) $(18,286)
                              ========= ========= =========

EARNINGS (LOSS) PER SHARE         $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)

                                                                   Cumulative
                                       For the Three For the Three During the
                                       Months Ended  Months Ended  Development
                                       March 31,1998 March 31,1997  Stage 
                                       _______________________________________
INCREASE (DECREASE) IN CASH                                        

CASH FLOWS FROM OPERATING ACTIVITIES                               
  Deposit due customer                            $0        $0    $3,350
  Sales                                            0     2,000         0
  Interest income                                  0         0        94
  Bank charges                                   (17)      (14)     (306)
  Cash paid for organization expense,           (125)   (1,842)   (9,400)
    supplies and services                  _____________________________

    Net Cash Provided (Used) by Operating       (142)      144    (6,262)
      Activities                           _____________________________

CASH FLOWS FROM INVESTING ACTIVITIES                          
  Investment in clocks                             0         0   (42,500)
                                           _____________________________
    Net cash (Used) by Investing            
      Activities                                   0         0   (42,500)
                                           _____________________________

CASH FLOWS FROM FINANCING ACTIVITIES                          
  Sale of common stock                             0         0    62,150
  Deferred offering costs                          0         0   (15,489)
  Stockholder advances                             0         0     2,250
                                           _____________________________

    Net Cash Provided by Financing                 0         0    48,911
      Activities                           _____________________________

NET INCREASE (DECREASE) IN CASH                 (142)      144       149

CASH  -  BEGINNING OF PERIOD                     291       410         0
                                           _____________________________

CASH  -  END OF PERIOD                          $149      $554      $149
                                           =============================

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

NET INCOME (LOSS)                              $(163)  $(1,671) $(18,286)
                                           _____________________________
Adjustments to reconcile net income (loss)
  to net cash provided(used) by operating
  activities
    Amortization                                  50        50       463
    Investment write-down                          0         0     9,000
    Change in assets and liabilities                    
      Inventory costs                              0     4,500         0
      Organization costs                           0         0    (1,000)
      Account receivable                           0    (3,500)        0
      Accrued interest payable                    33        15       111
      Accounts payable and franchise tax payable (62)      750       100
      Refund due customer                          0         0     3,350
                                           _____________________________

        Total Adjustments                         21     1,815    12,024
                                           _____________________________

NET CASH (USED) BY OPERATING ACTIVITIES        $(142)     $144   $(6,262)
                                           =============================


          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 March 31, 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 March
       31, 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.  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)  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: May 21, 1998       by:  /s/ Mick Jardine 
                                   Mick Jardine, Chairman