SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB



(Mark One)

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

For the quarterly period ended      April 20, 1997
                                    ---------------

                                       or

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


Commission File Number:            33-95796
                                   --------


                          CLUCKCORP INTERNATIONAL, INC.
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)


           Texas                                         76-0406417
 ------------------------------                       ------------------
(State or other jurisdiction of                         (IRS Employer
 incorporation or organization)                       Identification No.)


 1250 N.E. Loop 410, Suite 335   San Antonio, Texas           78209
--------------------------------------------------------------------------------
(Address of principal executive offices)                   (Zip Code)


                                 (210) 824-2496
                          -----------------------------
                         (Registrant's telephone number)

Indicate by check mark whether the registrant (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  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.  
                              Yes   X    No
                                   ----      -----

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock as of the latest practicable date:

                       2,366,030 shares as of June 2, 1997


<PAGE>
                          CLUCKCORP INTERNATIONAL, INC.

                                      INDEX


PART I. FINANCIAL INFORMATION                                           PAGE NO.
                                                                        --------

     ITEM 1. FINANCIAL STATEMENTS

                 Balance Sheets -                                         3
                 April 20, 1997 and December 29, 1996

                 Statements of Operations -                               4
                 16 Weeks Ended
                 April 20, 1997 and April 21, 1996

                 Statements of Cash Flows -                               5
                 16 Weeks Ended
                 April 20, 1997 and April 21, 1996


                 Notes to Financial Statements                            6


     ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
              CONDITION AND RESULTS OF OPERATIONS                         8


PART II. OTHER INFORMATION                                               11

     NONE

SIGNATURES                                                               11


                                        2

<PAGE>
<TABLE>
<CAPTION>

                             CLUCKCORP INTERNATIONAL, INC.

                                   Balance Sheets

                                                               April 20,                 December 29,
                                                                 1997                        1996
                                                             -----------                 ------------
                                                             (unaudited)
ASSETS
Current Assets
<S>                                                          <C>                         <C>        
   Cash                                                      $   517,186                 $ 1,271,443
   Cash, restricted                                              200,000                     220,000
   Inventories                                                    23,783                       8,658
   Other current assets                                           39,646                      10,590
                                                             -----------                 -----------
   Total current assets                                          780,615                   1,510,691

Property and Equipment, net                                    1,732,381                   1,156,362

Other Assets
   Intangible property rights, net
     of amortization of $152,117 in
     1997 and $139,825 in 1996                                   247,383                     259,675
   Deposits                                                      230,279                      83,257
   Other assets                                                  188,886                     127,727
                                                             -----------                 -----------
                                                                 666,548                     470,659
                                                             -----------                 -----------
                                                             $ 3,179,544                 $ 3,137,712
                                                             ===========                 ===========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
   Accounts payable, trade                                   $   337,627                 $   134,204
   Accrued liabilities                                           226,634                     220,406
   Note payable to bank, current                                 211,004                     200,000
                                                             -----------                 -----------
     Total Current Liabilities                                   775,265                     554,610

Note payable to bank, less current
  portion                                                         49,860                        --
Commitments and contingencies


Stockholders' Equity
    Preferred stock                                                 --                          --
    Common stock - $.01 par value,
       authorized 10,000,000, issued
     2,366,030 in 1997 and 2,112,750 1996                         23,660                      21,128
    Additional paid-in capital                                 6,705,113                   6,138,770
    Accumulated deficit                                       (4,374,354)                 (3,576,796)
                                                             -----------                 -----------
      Total Stockholders' Equity                               2,354,419                   2,583,102
                                                             -----------                 -----------
                                                             $ 3,179,544                 $ 3,137,712
                                                             ===========                 ===========



See notes to financial statements (unaudited).


                                        3
</TABLE>



<PAGE>
<TABLE>
<CAPTION>

                              CLUCKCORP INTERNATIONAL, INC.
                          Statements of Operations (Unaudited)


                                                                16 Weeks Ended
                                                    -----------------------------------
                                                      April 20,              April 21,
                                                       1997                    1996
                                                     ----------             -----------
Revenues
<S>                                                 <C>                     <C>        
    Restaurants                                     $   446,994             $    63,138

Costs and Expenses
    Cost of food and paper                              230,248                  23,734
    Restaurant salaries and benefits                    234,685                  23,854
    Occupancy and related expenses                       65,012                  16,747
  Operating expenses                                    140,219                  20,242
    Preopening expenses                                  86,314                   9,493
  General and administrative expenses                   436,505                 169,945
    Depreciation and amortization                        60,635                  30,824
                                                    -----------             -----------
      Total costs and expenses                        1,253,618                 294,839
                                                    -----------             -----------

Loss from operations                                   (806,624)               (231,701)

Other income (expense)
    Interest income                                      16,882                    --
    Interest and debt discount expense                   (7,816)               (177,319)
                                                    -----------             -----------
                                                          9,066                (177,319)
                                                    -----------             -----------

Net loss                                            $  (797,558)            $  (409,020)
                                                    ===========             ===========


Net loss per common share                           $      (.34)            $      (.32)
                                                    ===========             ===========

Weighted average number of common
  and common equivalent shares
    outstanding                                       2,316,279               1,285,699
                                                    ===========             ===========

</TABLE>

See notes to financial statements (unaudited).


                                                      4

<PAGE>

<TABLE>
<CAPTION>
                                     CLUCKCORP INTERNATIONAL, INC.
                                  Statements of Cash Flows (Unaudited)

                                                                         16 Weeks Ended
                                                                 -----------------------------
                                                                   April 20,         April 21,
                                                                     1997              1996
                                                                 ------------       -----------


Operating Activities:
<S>                                                              <C>                <C>         
    Net loss for the year                                        $  (797,558)       $  (409,020)
    Adjustments to reconcile net loss
    to net cash used in operating activities:
      Depreciation and amortization                                   60,635             30,824
      Amortization of bridge note discount                              --              136,855
      Changes in operating assets and
     liabilities:
        Cash, restricted                                              20,000               --
        Inventories                                                  (15,125)            (1,875)
        Deferred financing costs                                        --              (10,701)
        Other current assets                                         (29,056)            10,000
        Accounts payable and accrued
          expenses                                                   209,651             81,060
                                                                 -----------        -----------

Net cash (used) in operating activities                             (551,453)          (162,857)

Investing Activities:
    Purchases of property and equipment                             (555,021)           (73,255)
  Increase in deposits and other assets                             (212,522)           (81,927)
                                                                 -----------        -----------

Net cash (used) in investing activities                             (767,543)          (155,182)

Financing Activities:
    Net proceeds from sale of common
      stock and warrants                                             568,875               --
    Net proceeds from sale of common
      stock subject to rescission                                       --              209,884
    Proceeds from issuance of bridge notes
      payable                                                           --              376,370
  Repayments of bank borrowings                                       (4,136)              --
                                                                 -----------        -----------

      Net cash provided by
         financing activities                                        564,739            586,254
                                                                 -----------        -----------

Net increase (decrease) in cash                                     (754,257)           268,215

Cash at beginning of period                                        1,271,443            126,447
                                                                 -----------       ------------

Cash at end of period                                            $   517,186        $   394,662
                                                                 ===========        ===========




See notes to financial statements (unaudited).



                                                    5
</TABLE>


<PAGE>

                          CLUCKCORP INTERNATIONAL, INC.
                    Notes to Financial Statements (Unaudited)



NOTE A - ORGANIZATION AND BASIS OF PRESENTATION

     Organization - CluckCorp  International,  Inc. (the  "Company")  intends to
     own,  operate  and  franchise  quick  service  restaurants  under  the name
     "Harvest  Rotisserie".  To  date  the  Company  has  three  restaurants  in
     operation  in San  Antonio,  Texas and one  restaurant  in Corpus  Christi,
     Texas. The restaurants  provide high quality,  quick service food featuring
     marinated oak-roasted rotisserie chicken,  oak-roasted turkey breast, roast
     ham,  meatloaf,  an assortment of sandwiches and other fresh homestyle food
     items.

     Basis of Presentation - The  accompanying  unaudited  financial  statements
     have been prepared by the Company, pursuant to the rules and regulations of
     the Securities and Exchange  Commission.  Certain  information and footnote
     disclosures  normally included in annual financial  statements  prepared in
     accordance with generally accepted accounting  principles have been omitted
     pursuant to such rules and  regulations.  The information  furnished herein
     reflects  all  adjustments  (consisting  of normal  recurring  accruals and
     adjustments)  which are, in the opinion of management,  necessary to fairly
     state the  operating  results for the  respective  periods.  The results of
     operations  for the 16 weeks ended April 20, 1997 may not be  indicative of
     the results for the full fiscal year.


NOTE B - FISCAL YEAR

     In 1996,  the Company  adopted a 52/53-week  fiscal year ending on the last
     Sunday in  December.  The fiscal year is divided  into  thirteen  four-week
     periods.  The  first  quarter  consists  of four  periods  and  each of the
     remaining three quarters consists of three periods,  with the first, second
     and third  quarters  ending 16 weeks,  28 weeks and 40 weeks  respectively,
     into the fiscal year.


NOTE C - IMPACT OF NEW ACCOUNTING STANDARD

     In February 1997, the Financial Accounting Standards Board issued Statement
     No. 128,  Earnings  Per Share,  effective  for fiscal  years  ending  after
     December 15, 1997. Implementation of this Statement is not expected to have
     a significant impact on the earnings per share calculation of the Company.


NOTE D - SUBSEQUENT EVENT

     In May 1997,  the Company filed an amended  registration  statement for the
     sale  of  two  types  of  securities   (i)  500,000  shares  of  Redeemable
     Convertible  Preferred  Stock at an offering  price of $10.00 per share and
     (ii) 1,500,000 Redeemable Preferred Stock Purchase Warrants at an offering

                                        6

<PAGE>

     price of $.10 per warrant.  The Preferred Stock is convertible  into common
     stock at a to be determined  conversion  price.  There is no assurance that
     the registration statement will be declared effective by the Securities and
     Exchange Commission,  or that the Company will be successful in selling the
     Preferred Stock.

     The Company  intends to utilize a substantial  portion of the proceeds from
     the  proposed  offering  for the  purchase of up to 12 existing  restaurant
     properties  which will be converted to Harvest  Rotisserie  restaurants and
     resold to area developers for operation as franchised units.

                                        7

<PAGE>



ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
           AND RESULTS OF OPERATIONS.

Forward-looking Statements

     Except for the historical  information  contained  herein,  the matters set
forth in this report are  forward-looking  statements  within the meaning of the
"safe harbor"  provisions  of the Private  Securities  Litigation  Reform Act of
1995. These  forward-looking  statements are subject to risks and  uncertainties
that may cause actual results to differ materially.  These risks are detailed in
the Company's various reports filed with the Securities and Exchange Commission.
These  forward-looking  statements speak only as of the date hereof. The Company
disclaims any intent or obligation to update these forward- looking statements.

General

     The Company was organized in June 1993 and opened its San Antonio  Cluckers
restaurant  in January  1994.  During the fourth  quarter of 1994,  the  Company
established  its  corporate  offices  and began the initial  development  of its
franchising  program.  During  the third  quarter  of 1995,  the  Company  began
refinements to its Cluckers restaurant which evolved into the Harvest Rotisserie
restaurant.  In February 1996 the Company elected to limit its activities to the
development  of Harvest  Rotisserie  restaurants  and  opened its first  Harvest
Rotisserie restaurant in November 1996. In January and February 1997 the Company
opened two additional Harvest Rotisserie  restaurants,  and in January 1997, the
Company  converted its San Antonio Cluckers  restaurant to a Harvest  Rotisserie
restaurant,  at a cost of $25,000.  To date, the Company has four restaurants in
operation but has not sold any franchises nor does it have any area  development
agreements in effect.



Results of Operations - For the sixteen weeks ended April 20, 1997 and April 21,
1996.

     Revenues.  Restaurant  revenues for the sixteen  weeks ended April 20, 1997
were  $446,994,  an increase of $383,856 as compared to the same period in 1996.
The increase in revenue was due to the opening of three  additional  restaurants
from November 1996 to February 1997. On a comparative basis, same store revenues
decreased  $29,743 or 47.1% between the two periods.  The decrease in same store
revenues was due in part to a reduction in the  restaurant  operating  hours for
the Company's  only  restaurant  in operation  during the first quarter of 1996.
This restaurant is currently open five days each week from 11 a.m. to 2 p.m. and
is being used as a training facility. Initial sales volumes from the three newly
opened  stores have met  management  expectations.  Typically  revenues from new
stores are not as high in the first  several  periods  following  openings as in
later  periods.  Management  anticipates  that sales  volumes  for its  existing
restaurants will improve in future periods as a result of marketing  efforts and
enhanced name recognition as the Company opens additional restaurants in the San
Antonio area, although there can be no such assurance.

                                        8

<PAGE>

     Costs  and  Expenses.  Cost of food and  paper  were  51.5%  of  restaurant
revenues for the sixteen  weeks ended April 20,  1997,  as compared to 37.6% for
the same  period in 1996.  The  increase  in food and paper costs was due to the
opening of new restaurants during the period. Costs of sales is generally higher
as a  percentage  of  revenue  for  newly  opened  restaurants  than for  mature
restaurants   due  to   increased   food  usage  for  opening   promotions   and
inefficiencies caused by less experienced employees.

     Restaurant  salaries,   benefits,   occupancy  and  related  expenses,  and
operating  expenses include all other restaurant level operating  expenses,  the
major  components  of which are direct and  indirect  labor,  payroll  taxes and
benefits,  operating  supplies,  rent,  advertising,  repairs  and  maintenance,
utilities,  and other occupancy  costs. The combined total of these expenses was
$439,916 or 98.4% of  restaurant  revenues for the sixteen weeks ended April 20,
1997 as compared to $60,843 or 96.4% for the same period in 1996. A  substantial
portion of these costs are fixed or  indirectly  variable.  For the sixteen week
period ended April 20, 1997 these costs were disproportionate to revenues due to
the opening of new  restaurants,  which have higher  expenses during the initial
periods after opening.

     General  and  administrative  expenses  increased  $266,560 or 157% for the
sixteen  weeks ended April 20, 1997 as compared to the same period in 1996.  The
increase  resulted from the initial  development  of a corporate  infrastructure
needed to support the planned expansion of company-owned and franchised  stores,
and continued expenses associated with the Company's expansion efforts.

     Preopening  expenses  were  $86,314 and $9,493 for the sixteen  weeks ended
April  20,  1997 and  April  21,  1996  respectively.  Substantially  all of the
increase in 1997 relates to the two  additional  restaurants  opened  during the
period and expenses  associated  with obtaining new sites for future  restaurant
development.

     Interest and debt  discount  expense.  Interest and debt  discount  expense
decreased by $169,503 for sixteen  weeks ended April 20, 1997 as compared to the
same period in 1996,  primarily as a result of the repayment of all  outstanding
bridge notes in July 1996.

     Net Loss. The Company incurred net losses of $797,558 for the sixteen weeks
ended April 20, 1997 as  compared to $409,020  for the same period in 1996.  The
increase in net loss was primarily the result of  significantly  higher  general
and administrative  expenses,  preopening costs and initial operating losses for
newly opened restaurants.  The Company expects to incur losses in future periods
until it generates  sufficient revenues from expanded  restaurant  operations or
from franchising activities to offset ongoing operating, financing and expansion
costs.

Liquidity and Capital Resources

     The Company has incurred losses from operations since inception,  and as of
April 20, 1997 has an accumulated  deficit of $4,374,354 and working  capital of
$5,350.  The  Company  is not  currently  generating  sufficient  revenues  from


                                        9

<PAGE>


operations to meet its cash requirements and requires additional  financing from
debt or equity placements to continue  operations.  Management  anticipates that
the Company must increase revenues from existing Restaurants, open at lease four
additional  Restaurants  and  realize  revenues  from its  franchise  program to
generate a positive  cash flow from  operations,  although  there can be no such
assurance.  The Company  estimates  it will  require up to six months to realize
such increases in revenues from  operations.  The ability of the Company to fund
costs  associated  with its operations and expansion plans is dependent upon the
successful  development of its Restaurants,  its franchising  activities and its
ability to obtain additional capital through future debt or equity placements.

     The  Company  requires  capital   principally  for  the  expansion  of  its
restaurant  operations,  to fund  costs  associated  with the  promotion  of its
franchise   program,   and  for  the  continual   development   of  a  corporate
infrastructure to support the planned  expansion in operations.  During 1996 and
for the first sixteen weeks of 1997, the Company invested $1,614,675 in property
and equipment,  of which  approximately  $1,451,703  was for the  development of
three  restaurants  including the purchase of land and building for a restaurant
at a cost of $400,000.  These restaurants opened in November 1996, January 1997,
and February  1997. To date, the Company funded its operations and capital needs
with funds  provided from the sale of its  securities,  including its IPO, which
raised net  proceeds of  approximately  $4,700,000.  The Company does not have a
working capital line of credit with any financial institution. Future sources of
liquidity will be limited to the Company's  ability to obtain additional debt or
equity financing, which will be difficult to obtain until and unless the Company
begins to generate  earnings.  Management's  plan is to move the Company  toward
profitable  operations  in fiscal  1997 and to seek  additional  capital to fund
further expansion of its operations.  There can be no assurance that the Company
will be successful in either regard.

     Between  December  1994  and  March  1996,  the  Company  issued a total of
$1,684,500  of 10% unsecured  Bridge Notes.  Proceeds from the Bridge Notes were
used  for  working  capital  purposes,  development  of  the  Company's  initial
franchising  program and to pay certain costs associated with the Company's IPO.
The bridge  notes were repaid on July 15,  1996 using a portion of the  proceeds
from the IPO.

     In May 1997, the Company filed an amended  registration with the Securities
and Exchange  Commission  for the sale of 500,000  shares of preferred  stock at
$10.00 per share and 1,500,000  preferred  stock  purchase  warrants at $.10 per
warrant.  The Company intends to use a significant  portion of the proceeds from
its proposed Offering to acquire  restaurant  properties which will be converted
to Harvest Rotisserie restaurants and resold to area developers for operation as
franchised  units. The Company also intends to utilize a portion of the proceeds
of the  Offering  to open three  additional  Company-owned  restaurants  and for
working capital purposes.

     Internal sources of capital are limited to the Company achieving profitable
operations in future periods or raising additional  capital from investors.  The
Company  anticipates  that its  existing  capital  resources  together  with the
proceeds of the proposed  preferred stock Offering and projected cash flows from



                                       10

<PAGE>

planned  operations will be sufficient to maintain its operations  through 1997;
however, implementation of the Company's plans to develop additional restaurants
is dependent  upon the  completion of the Offering.  If it does not complete the
Offering  and is unable  to obtain  alternative  financing,  then the  Company's
operations will be significantly curtailed.


                           PART II - OTHER INFORMATION

     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.


                                               CLUCKCORP INTERNATIONAL, INC.


Date: June 2, 1997                          By:   s/ William J.Gallagher
     -----------------                            ------------------------------
                                                  William J. Gallagher,
                                                  Chairman of the Board
                                                  (Duly Authorized Signatory)



Date: June 2, 1997                          By:  s/ Joseph Fazzone
     -----------------                           -------------------------------
                                                 Joseph Fazzone,
                                                 Chief Financial Officer
                                                 (Duly Authorized Signatory)






                                       11