UNITED STATES  
  
               SECURITIES AND EXCHANGE COMMISSION  
  
                     Washington, D.C. 20549  
  
                            FORM 10-Q  
  
  
Quarterly Report Pursuant to Section 13 or 15(d) of the   
Securities Exchange Act of 1934  
  
For the quarterly period ended        September 30, 1993  
  
Commission file Number     0-0000  
  
                   The Testfile Company                  
(Exact name of registrant as specified in its charter.)  
  
    Anytown, U.S.A.                    00-0000000      
(State or other jurisdiction of    (I.R.S. Employer  
incorporation or organization)     Identification No.)  
  
10 Main Street, Anytown, U.S.A.              00000       
(Address of principal executive offices      (Zip Code)  
  
Registrant's telephone number, including area code:  
(000) 000-0000  
  
     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 practical 
date:  
  
     Common Stock, $1 Par Value - 3,146,000 shares as of  
November 10, 1993.  
 
<PAGE>  
<TABLE>  
  
                 PART I. - FINANCIAL INFORMATION  
  
                      THE TESTFILE COMPANY  
  
           STATEMENTS OF LOSS AND ACCUMULATED DEFICIT  
  
              FOR THE THREE MONTHS AND NINE MONTHS  
  
                ENDED SEPTEMBER 30, 1993 AND 1992  
                           (Unaudited)  
  
  
(Amounts in thousands, except per share data)  
<CAPTION>  
                            Three months ended  Nine months ended
                               September 30       September 30 
                            __________________  _________________
                              1993      1992     1993     1992   
                             ______    ______   ______   ______
<S>                          <C>       <C>      <C>      <C> 
Net Sales                    $  877    $  973   $3,215   $3,159 

Cost of goods sold              935     1,025    3,013    2,900 
                             ______    ______   ______   ______
 
Gross Profit(Loss)              (58)      (52)     202      259 
Selling, general and  
 administrative expenses        233       238      669      694 
                             ______    ______   ______   ______  
            
Operating Loss                 (291)     (290)    (467)    (435)
Interest Expense                 45        39      143      117 
Other expense                     1         1        1        1  
                             ______    ______   ______   ______ 

Net Loss                       (337)     (330)    (611)    (553)
  
Accumulated Deficit -  
 Beginning of Period         (4,448)   (3,505)  (4,174)  (3,282)
                             _______   _______  _______  _______
  
Accumulated Deficit -  
 End of Period               (4,785)   (3,835)  (4,785)  (3,835)

 
  
Loss per share               $ (.11)   $ (.15)  $ (.22)  $ (.28)

<FN>    
See Accompanying Notes to Financial Statements  
</TABLE>

<PAGE> 
<TABLE>         
                                TESTFILE COMPANY 
  
                                 BALANCE SHEETS  
                                  (Unaudited)

(Amounts in thousands, except per share data)  
<CAPTION>  
                               September 1993      December 1992 
                               ______________      ______________
                                 
<S>                                   <C>                <C> 
ASSETS  
Current Assets   
  Cash                                $   23             $   75 
  Accounts receivable trade              381                481 
  Inventories                          1,001                945 
  Prepaid expenses                       109                137 
  Other current assets                     6                  8 
                                      ______             ______
Total Current Assets                   1,520              1,646 
 Property, Plant and Equipment  
  less accumulated depreciation of  
  $5,692,700 and $5,017,700            2,811              2,590 
 Deferred Costs and Other Assets           5                  7 
                                      ______             ______
TOTAL ASSETS (NOTE 3)                  4,336              4,243 
</TABLE>
<TABLE> 

<CAPTION>  
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)  
<S>                                   <C>                <C> 
Current Liabilities  
  Accounts Payable                    $  262             $  367 
  Accrued Compensation                    24                 25 
  Other accrued liabilities              212                202 
                                      ______             ______
Total Current Liabilities                498                594 

Long Term Debt                         3,800              3,750 

Stockholder's Equity (Deficiency)  
  Common stock par value $1 per share  
   Authorized 15,000,000 shares
   Issued and outstanding -  
   3,146,000 and 2,396,000 shares      3,146              2,396 
  Capital in excess of par value       1,677              1,677 
 Accumulated deficit                  (4,785)            (4,174)
                                      _______            _______
Total Stockholders' Equity            $   38             $ (101) 
  
TOTAL LIABILITIES AND STOCKHOLDERS'  
EQUITY (DEFICIENCY)                   $4,336             $4,243 
<FN> 
See Accompanying Notes to Financial Statements  
</TABLE>

<PAGE> 
<TABLE>  
                        TESTFILE COMPANY 
  
                    STATEMENTS OF CASH FLOWS  
  
      FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1993 AND 1993  
                           (Unaudited)  
  
(Amounts in thousands)  
<CAPTION>  
                                        1993               1992

<S>                                   <C>                <C>  
Cash Flow From Operating Activities:  
 Loss From Operations                 $ (611)            $ (553)
                                      _______            _______ 
            
 
Adjustments To Reconcile Net  
 Income to Net Cash Provided by   
 Operating Activities  
  Depreciation                           337                261 
 Increase (Decrease) From Changes:  
  Receivables                            101                134 
  Inventories                            (57)              (262)
  Prepaid Expenses                        28                (30)
  Other assets                             4                  2 
  Accounts payable                      (106)               121 
  Accrued compensation                    (1)                 7 
  Other accrued liabilities               11                 21 
                                      _______            _______
Net Cash Used In Operating Activities $ (294)            $ (299)
                                      _______            _______ 
   
Cash Flow From Investing Activities:  
  Capital expenditures                $ (558)            $ (503)
Net Cash Used In  
  Investing Activities                $ (558)            $ (503)

Cash Flow From Financing Activities:  
  Increase in Loans Other             $  800             $1,199  
  Decrease in Loans Bank                                   (485)
                                      _______            _______ 
Net Cash Provided From  
  Financing Activities                $  800             $  714  
                                      _______            _______ 
  Decrease in Cash                       (52)               (88)
Cash at Beginning of Year             $   75             $   89 
                                      _______            _______ 
Cash at End of Period                 $   23             $    1  
<FN>  
See Accompanying Notes to Financial Statements  
</TABLE>

<PAGE> 
  
  
                        TESTFILE COMPANY 
  
                  NOTES TO FINANCIAL STATEMENTS  
  
                       September 30, 1993
  
  
Note 1. Summary of Significant Accounting Policies  
  
     The accompanying financial statements, which should be read 
in conjunction with the financial statements of Testfile Company
("the Company") included in the 1992 Annual Report filed on Form
10-K, are unaudited but have been prepared in the ordinary course
of business for the purpose of providing information with respect
to the interim period.  The Company believes that all adjustments
(none of which were other than normal recurring accruals) 
necessary for a fair presentation for such periods have been 
included.  
  
Note 2. Loss Per Share  
  
     Computation of loss per share was based on the weighted 
average number of shares outstanding during such periods.  These
amounted to 2,754,000 shares for the nine months and 3,146,000 
shares for three months ending September 30, l993 and 1,995,000 
shares for nine months and 2,190,000 shares for three months 
ending September 30, 1992.  
  
Note 3. Long Term Debt  
  
     The total of loans payable to ABC Bank ("Bank") as of
September 30, 1993 was $3,800,000 compared to $3,750,000 at 
December 31, 1992.  
  
     Bank provided the Company with an additional $1,000,000 
capital facility for 19xx at a rate of 5%.  Of this amount 
$800,000 was advanced to the Company as of September 30, 19xx and
the remaining $200,000 was advanced to the Company as of October
00, 19xx.  On May 00, 19xx Bank exchanged $750,000 of long term
debt for 750,000 shares of common stock with a par value of $1.00
per share.  On October 00, 19xx, Bank provided the Company an 
additional $750,000 credit facility for the balance of 19xx and 
the year 19xx.  All loans made by Bank under such facilities as
well as the loans payable at December 31, 19xx and which were not
exchanged are due July 00, 19xx.  
  
  
<PAGE>  
  
  
  
Notes to Financial Statements (Continued)    

  
     All loans payable to Bank and future borrowings under any
such credit facilities have been collateralized by the accounts 
receivable and machinery and equipment of the Company.  
  
  
Note 4. Majority Stockholder  
  
     Bank presently owns approximately 85% of the Common Stock of 
the Company.  
  
     Bank is a partnership of which the Company's President is a 
60% partner and a director is a 40% partner.    
  

Note 5. Inventory  
  
     Inventories at September 30, 1993 and December 31, 1992 
consisted of the following:  
  
                           September 30, 1993  December 31, 1992 
     
         Finished Goods            $856,000           $738,000  
          Raw Materials             145,000            207,000  
                                 __________           ________
                  Total          $1,001,000           $945,000  
  
  
Note 6. Subsequent Events  
  
     A. On October 00, 19xx Bank provided the Company an 
additional $750,000 credit facility for the balance of 19xx and 
the year 19xx.  
  
     B. Since September 30, 19xx, the Company utilized an 
additional $325,000 of the credit facilities provided by Bank 
of which $125,000 was borrowed under the October facility.  
  
<PAGE>  
  
  
  
                        TESTFILE COMPANY 
  
                   MANAGEMENT'S DISCUSSION AND  
               ANALYSIS OF FINANCIAL CONDITION AND  
                      RESULTS OF OPERATIONS  
  
                       September 30, 1993  
  
Liquidity and Capital Resources  
  
     The Company's working capital decreased by $30,000 in the 
first nine months of 1993 compared to an increase of $771,000 for
the same period in 1992.  The increase in working capital for the
nine months ended September 30, 1992, was primarily due to the 
change of current loans payable to long term debt.  The decrease
in working capital for the nine months ended September 30, 1993 
is primarily due to the decrease in accounts receivable and cash.

  
     The total of loans payable to Bank as of September 30, 1993, 
was $3,800,000 compared to $3,750,000 at December 31, 1992. 

     Bank provided the Company with an additional $1,000,000 
working capital facility for 19xx at rate of 5%.  Of this amount, 
$800,000 was advanced to the Company as of September 30, 19xx and
the remaining $200,000 was advanced to the Company as of October
00, 19xx.  The current borrowings were utilized for capital 
expenditures and operations.  On May 00, 19xx, Bank exchanged 
$750,000 of long term debt for 750,000 shares of common stock 
with a par value of $1.00 per share.  On October 00, 19xx, Bank
provided the Company an additional $750,000 credit facility for 
the balance of 19xx and the year 19xx.  All loans made by Bank
under this facility as well as the loans payable at December 31,
19xx and which were not exchanged are due July 00, 19xx.  
  
     All loans payable to Bank and future borrowings under any
such credit facilities have been collateralized by the accounts 
receivable and machinery and equipment of the company.  The 
additional funds required for operations and capital expenditures
were funded by long term loans from Bank.  
  
     Bank is a partnership of which the Company's President is
a 60% partner and a director is a 40% partner.  
  
<PAGE>  
  
  
  
     The Company's capital expenditures in 19xx will be for 
additional equipment to increase and improve the Company's 
production capabilities and environmental improvements.  
  
  
Results of Operations  
  
     Net sales for the first nine months of 1993 were $3,215,000,
an increase of $56,000, or 2% over the same period in 1992.  This
increase in sales was primarily achieved in the first quarter 
1993.  The increase in net sales for the nine month period ending
September 30, 1993 was primarily due to increased sales of 
pharmaceutical intermediates partially offset by a decrease in 
Photo/Film Chemical Sales.  
  
     The operating loss for the first nine months of 1993 
increased to $467,000 compared with a loss of $435,000 for the 
same period in 1992.  This increased operating loss was primarily
a result of an increase in the cost of goods sold of $113,000 or
3.8%, without a corresponding increase in sales.  The increase in
cost of goods sold is primarily due to the increase in the cost 
of manufacturing.  The operating loss for the three months ended
September 30, 1993 and selling , general and administrative 
expenses for the three and nine months ending September 30, 1993
remained substantially unchanged from the same period in 1992.  
  
     Interest expense for the first nine months increased $26,000
compared to the same period in 1992.  Interest expense for the 
three months ending September 30, 1993, increased $6,000 compared
to the same period in 1992.  The increase in interest expense was
primarily due to higher loan balances.  
  
     Financial Accounting Standard No. 96 "Accounting for Income
Taxes" which requires that no later than 19xx, companies change 
from the deferred method to the liability method of accounting 
for income taxes, has not been adopted by the Company for 19xx. 
Implementation of the Standard is not expected to have any 
material affect on the Company's financial condition or results 
of operations.  
  
<PAGE>  

  
                   PART II - OTHER INFORMATION  
  
  
Item #6 Exhibits and Reports on Form 8-K  
  
        a. Exhibits  
  
           Exhibit 27. Financial Data Schedule
  
        B. Reports on Form 8-K  
  
           No reports have been filed on Form 8-K during this    
           quarter.   
                                  
  
<PAGE>  
  
  
                        TESTFILE COMPANY 
  
                           SIGNATURES  
  
  
     Pursuant to the requirement of the Securities Exchange Act of 
1934, the registrant has duly cause this report to be signed on its 
behalf by the undersigned thereunto duly authorized.  
  
  
  
  
                                   TESTFILE COMPANY              
                                   Registrant  
  
  
November 10, 1993                  Sam S. Smith                
Date                               Sam S. Smith                  
                                   Principal Financial Officer  
  
  
November 10, 1993                  James J. Jones              
Date                               James J. Jones                
                                   Principal Executive Officer