SECURITIES AND EXHANGE COMMISSION
Washington, D.C. 20549

FORM 10-QSB

/X/  QUARTERLY REPORT PURSUANT TO SECTION 13 9R 15 (d) OF THE SECURITY
     EXCHANGE ACT OF 1934

              FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 1997

/ /  TRANSACTION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITY
     EXCHANGE ACT OF 1934


             Commission File Number: 0-19813

                 InfoNow Corporation
(Exact name of registrant as specified in its charter)


Delaware                                            04-3083360
(State of incorporation)            (I.R.S. Employer Identification No.)

1875 Lawrence Street, Suite 1100, Denver, Colorado, 80202
(Address of principal executive offices)    (Zip Code)


                        TEL: 303-293-0212
(Registrant's telephone number, including area code)

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.
                    [X] Yes [ ] No

As of November 7, 1997, the Company had 5,364,179 common shares outstanding.




INFONOW CORPORATION

INDEX


PART I.     FINANCIAL INFORMATION

ITEM 1.     CONSOLIDATED FINANCIAL STATEMENTS

Unaudited Balance Sheets - September 30, 1997  
and December 31, 1996                            

Unaudited Statements of Operations - For the Six and Nine Months
Ended September 30, 1997 and 1996                  

Unaudited Statement of Stockholders Equity - For the Nine Months
      Ended September 30, 1997  

      Unaudited Statements of Cash Flows - For the Nine Months
      Ended September 30, 1997 and 1996  

      Notes to Unaudited Condensed Financial Statements  


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


PART II.    OTHER INFORMATION

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

      Signatures


<TABLE>
INFONOW CORPORATION AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(US Dollars in Thousands)
<CAPTION>
Assets     September 30, 1997   December 31, 1996
<S>                                            <C>            <C>
CURRENT ASSETS:
Cash and cash equivalent                      $  424      $   2,050
Accounts receivable, net                         138            161
Other current assets                              41             99
  Total current assets                           603          2,310
Property and Equipment, net                      779            693
Goodwill, net of accumulated amortization of
  $108 at December 31, 1996                                     913
Software development costs, net of accumulated
  amortization of $319 and $141 at
  September 30, 1997 and December 31,
  1996 respectively                              211            363
Other assets and deferred charges                  9             11
  Total assets                              $  1,602       $  4,290

CURRENT LIABILITIES: 
Accounts payable and accrued expenses         $   412       $   412
Notes payable-current portion                     224           206
Related party payables                              -           100
Deferred compensation                              23            75
Unearned revenue                                  180           229
Capital lease obligation-current                    5              4
     Total current liabilities                    844          1,026

CAPITAL LEASE OBLIGATION                           6              10
NOTES PAYABLE                                     53              82

STOCKHOLDER'S EQUITY
Common stock, $.001 par value; 15,000,000 shares
     authorized, 5,364,179 and 5,515,164 shares issued
     and outstanding at September 30, 1997 and 
     December 31, 1996 respectively                5               6
Additional paid-in capital                    21,908          22,316
Accumulated deficit                          (21,214)        (19,150)
     Total stockholders' equity                  699           3,172
Total liabilities and stockholders' equity   $ 1,602        $  4,290

</TABLE>



The accompanying notes are an integral part of these financial 
statements
<TABLE>
INFONOW CORPORATION AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
<CAPTION>
                              (In thousands, except per share amounts)

                              For the Three Months     For the Nine Months
                                Ended September 30      Ended September 30

                                    1997      1996         1997      1996
<S>                                 <C>       <C>        <C>        <C>
SALES                              $  480    $  542      $ 1,442    $ 1,765

OPERATING EXPENSES:

Cost of sales                         580       304         1,591        839
Selling, general and administrative   303       563         1,430      1,991
Impairment of long lived assets       862     2,011           499      2,011

Total operating expenses            1,745     2,878         3,520      4,841
Net loss from operations           (1,265)   (2,336)       (2,078)    (3,076)

OTHER INCOME (EXPENSE):

Interest income (expense), net          1        (8)           14        (19)

NET LOSS                         $ (1,264) $ (2,344)    $  (2,064)  $ (3,095)

Net loss per common share      $   (.24)   $   (.65)    $   (.38)   $   (.92)

WEIGHTED AVERAGE COMMON
SHARES OUTSTANDING            5,364,179   3,608,394    5,434,214   3,365,055

</TABLE>







The accompanying notes are an integral part of these financial 
statements

<TABLE>
INFONOW CORPORATION AND SUBSIDIARY
STATEMENT OF STOCKHOLDERS' EQUITY (UNAUDITED
For the nine months ended September 30, 1997
(US Dollars in Thousands)
<CAPTION>
                                    Common   Stock        Additional   
Accumulated
                                  Shares     Amount    Paid-in Capital   
Deficit
<S>                              <C>            <C>      <C>         <C>
BALANCES, December 31, 1996       5,515,164       6    $  22,316   $ (19,150)
Issuance of common stock 
in conjunction with the 
exercise of employee stock 
options                               2,819       -            4          -
Retirement of common stock         (153,804)     (1)        (364)         -
Offering costs and expenses for
  December 6, 1996 private placement      -       -          (48)         -
Net loss                                  -       -            -     (2,064)

BALANCES, September 30, 1997      5,364,179     $  5    $ 21,908  $ (21,214)

</TABLE>





























The accompanying notes are an integral part of these financial 
statements

<TABLE>
INFONOW CORPORATION AND SUBSIDIARY
CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)
(US Dollars in Thousands)


                             For the Nine Months Ended September 30,

                                                     1997         1996
<S>                                              <C>          <C>
CASH FLOWS USED IN OPERATING ACTIVITIES:
Net loss                                      $  (2,064)    $ (3,095)
Adjustments to reconcile net loss
  to net cash used in operating
  activities:
  Depreciation and amortization                     450          335
  Long-lived asset impairment                       499        2,011
  Allowance for bad debts                            -            44
Changes in operating assets and liabilities:
  Decrease in accounts receivable                    23          217
  (Increase) decrease other assets
    and deferred charges                              2           - 
  (Increase) decrease in other current assets        42          (79)
  Increase (decrease) in payables and
  accrued liabilities                               (53)         216
  Increase (decrease) in unearned revenue           (49)         114
Net cash flows used in operating activities      (1,150)        (237)

CASH FLOWS FROM(USED IN)INVESTING ACTIVITIES:
Purchase of property and equipment                 (144)        (207)
Increase in software development costs               -          (197)
Purchase of data                                   (100)           -
Decrease (increase) in other assets                   -           (1)
Net cash flow used in investing activities         (244)        (405)

CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from issuance of common stock          (48)          95
Proceeds from the exercise of options and warrants    4          208
Payment of capital lease obligations                 (3)          (3)
Payment of related party obligation                (100)           - 
Proceeds from notes payable                           -          503
Principal payment on debt obligations               (85)        (206)
Net cash flows from financing activities           (232)         597

Net increase (decrease) in cash and cash
  equivalents                                    (1,626)         (45)

CASH AND CASH EQUIVALENTS, beginning of period    2,050          232

CASH AND CASH EQUIVALENTS, end of period         $  424       $  187
Supplemental Information:
  Cash paid during period for interest            $  22       $   23
</TABLE>
The accompanying notes are an integral part of these financial 
statements

INFONOW CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  The financial statements are unaudited and reflect all adjustments 
(consisting only of normal recurring adjustments) which are, in the 
opinion of management, necessary for a fair presentation of the 
financial position and operating results for the interim periods. The 
financial statements as of December 31, 1996, have been derived from 
audited financial statements which contained an explanatory paragraph in 
the auditors report describing uncertainties concerning the Company's 
ability to continue as a going concern. These financial statements 
should be read in conjunction with the financial statements and 
accompanying notes contained in the Company's Form 10-K for the fiscal 
year ended December 31, 1996. The results of operations for the three 
and nine months ended September 30, 1997 are not necessarily indicative 
of the results that will be achieved for the entire fiscal year ending 
December 31, 1997.

Note 2. SUPPLEMENTAL CASH FLOW DISCLOSURES
  During the nine months ended September 30, 1997, the company completed 
a non-cash transaction in which the Company financed its Directors and 
Officers insurance premium with a note from AFCO Credit Corporation 
("AFCO") for approximately $61,000.  The Company also completed a non-
cash transaction in which the Company financed the purchase of certain 
computer equipment with a note from Sun Microsystems Finance for 
approximately $13,000.

  During the nine months ended September 30, 1996, the Company completed 
a non-cash transaction with Environmental Research Institute, Inc. 
("ESRI"), in which the Company received computer equipment and software 
licenses from ESRI in exchange for a short term note in the amount of 
$350,000 and an option to purchase 115,000 of the Company's common 
shares.

Note 3. RELATED PARTY TRANSACTION
  On March 29, 1997, the Company and Kevin Andrew, an officer of the 
Company, agreed to extend the maturity of the convertible note held by 
Mr. Andrew. The maturity of the note was extended to June 30, 1997 and 
the note was subsequently paid on June 30, 1997.

Note 4. EQUITY TRANSACTIONS
  The Company retired 153,562 of its common shares in exchange for its 
agreement to modify the terms and conditions of the termination 
agreement with Michael Yates, a former officer of the Company's Navigist 
subsidiary. The shares were valued at $2.375, based on the market value 
of the shares on March 18, 1997, the date of the agreement. The Company 
recorded a reduction on the impairment of long-lived assets of $365,000 
related to this transaction.

Note 5. IMPAIRMENT OF LONG-LIVED ASSET
  The Company recorded a non-cash charge to the impairment of long-lived 
assets of $862,000 reflecting the write off of all remaining unamortized  
goodwill recorded in the acquisition of the Company's subsidiary, 
Cimarron. This write off reflects Management's revised estimate of 
future cash flows from the business and were calculated in accordance 
with FAS 121. Management is currently considering several alternatives 
with respect to Cimarron, including a possible sale of Cimarron.



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS

Overview of the Third Quarter

   The Company's Internet Products Group provides dealer and location 
referral teleservices. InfoNow introduced its first location referral 
teleservices product, FindNow, -R- in July 1996. To access FindNow -R-, 
a user enters the street address of his or her current location on a 
FindNow -R- client's Web site and the FindNow -R- servers operated by 
InfoNow produce a map showing the user's location and the nearest Client 
sales and service locations, as well as other customized information. 
FindNow -R- technology is currently being used by several major 
corporations in the U.S. and Canada, including Visa International, 
Compaq Computers, NationsBank, Apple Computers, American Airlines, 
Canadian Airlines, Royal Bank of Canada and United Healthcare. These 
applications can be viewed by anyone with access to the Internet by 
browsing the Web sites of any of InfoNow's Clients noted above or by 
linking to these customer sites through InfoNow's home page on the World 
Wide Web at www.infonow.com. 

   The Company's Internet Product Group sells FindNow -R- as a package 
of services, under contracts which generally last from one to three 
years. The client generally pays an initial setup fee for the complete 
installation, and a monthly service fee for maintenance of the service. 
The Company currently has 31 contracts in its sales backlog, resulting 
in $1.2 Million in sales backlog, which is an increase of 70% since the 
beginning of the fiscal year. Although the Company has experienced a 
significant increase in its backlog from sales of its FindNow -R- 
service, the Company has also experienced significantly greater 
operating expenses during the same period. These increases in operating 
expenses are directly related to the expansion of technical and sales 
capabilities through the addition of personnel in the first quarter of 
1997, and the establishment of the data center infrastructure necessary 
to deliver its FindNow -R- service for a significant number of 
additional customers.  These increases have not been offset by 
additional revenues from new contracts, however, most of the Company's 
infrastructure costs, such as servers, technical personnel, 
telecommunications and certain of its data costs are largely fixed and 
are not expected to vary significantly with an increase in client 
contracts. The management of the Company believes that the majority of 
the infrastructure is in place to support a sufficient number of clients 
for the Company to achieve profitability. However, the success of the 
Company's Internet Products Group is heavily dependent on market 
acceptance and future sales of its FindNow -R- service to additional 
customers to offset operating costs. Although significant selling 
efforts are underway to add new customer contracts, the limited 
operating history of the Company's Internet Products Group makes it 
difficult or impossible to predict the timing of these future sales.

   The Company also provides business presentation and Web site 
development services through its subsidiary, Cimarron International, 
Inc. ("Cimarron"). Overall, the Cimarron operations generate a small 
operating profit, and revenues have remained at or above the revenue 
levels in the prior year.  Cimarron has shown a shift in the mix of 
those revenues away from the slide presentation and towards its 
electronic presentation services. The revenues from this business have 
declined somewhat as compared to prior years as customers have used 
personal computer based technology to bring some work in-house. However, 
contribution has remained at substantially the same levels as prior 
periods due to a reduction in Cimarron's cost structure.

Results of Operations

   The results for the three and nine months ended September  30, 1996, 
reflect the operations of the Company's Internet Products Group and its 
subsidiaries Cimarron and Navigist. The Company sold its Navigist 
operations on December 13, 1996.  The statements of operations for the 
three and nine months ended September 30, 1997 do not include the 
operations of Navigist and are not comparable to the consolidated 
operating results for the three and nine months ended September 30, 
1996. The following proforma table was prepared showing the effect of 
excluding the results of Navigist operations for the three and nine 
months ended September 30, 1996, and will be used in the analysis of the 
operations discussion that follows.

<TABLE>
                                     (dollars in thousands)
                          Three Months Ended          Nine Months Ended
                             September 30,             September 30,
                              Pro Forma                   Pro Forma
                               1997     1996             1997       1996
<S>                            <C>      <C>            <C>        <C>
Revenues                      $  480     $   381        $ 1,442    $  1,136
Cost of Sales                    580         259          1,591         663
Administrative and Selling       303         387          1,430       1,090
Impairment of Asset              862       2,011            499       2,011
Other                              1          (8)            14         (19)
Net Loss                    $ (1,264)   $ (2,284)     $  (2,064)    $ 2,647)
</TABLE>

Three Months Ended September 30, 1997 Compared to Proforma Results for 
the Three Months Ended September 30, 1996

  Net Revenues.  Total sales increased by 26% for the three months ended 
September 30, 1997, when compared to the proforma revenues in the prior 
year.  This was due to a 172%, or $191,000 increase of revenues from the 
company's Internet Products Group offset by a 34%, or $92,000 decrease 
in revenues from Cimarron's operations. The increase in Internet 
Products Group revenues reflect an increase in revenues from contracts 
for its FindNow -R- service which have increased from two (2) in 1996 to 
twenty (20) on-line contracts as of September 30, 1997.  Declining 
revenues in Cimarron are a result of lower demand for slide production 
and higher end multimedia productions as customers have begun producing 
electronic presentation in-house.

  Cost of Sales.  The cost of sales, as a percent of revenues, increased 
from 68% of sales for the three months ended September 30, 1996 to 121% 
of sales for the three months ended September 30, 1997.  The total cost 
of sales also rose by 124% or $321,000.  This increase is the result of 
increased costs in the Internet Products Group which consist primarily 
of technical personnel payroll, contract labor, data acquisition costs, 
depreciation and amortization for server equipment and capitalized 
software development, telecommunications and other costs related to 
operating the Company's data center.

  Selling, General and Administrative.  Selling, general and 
administrative expenses decreased from 102% of sales for the three 
months ended September 30, 1996 to 63% of sales for the period ended 
September 30, 1997.  The total amount of selling, general and 
administrative expenses decreased by $84,000, or 22%. This overall 
decrease is primarily the result of a reduction in travel, trade show 
and advertising expenses, and a reduction in sales personnel in Cimarron 
and related benefits.

  Net Interest Income (Expense).  Net interest income was $1,000 for the 
three months ended September 30, 1997 compared to net interest expense 
of $8,000 at September 30, 1996.  The increase in interest income is 
primarily due to interest income on cash and equivalents.  The Company 
expects that future interest income will decline in the next quarter as 
the Company uses cash in its operations resulting in a smaller base upon 
which to earn interest income while interest expense will remain 
consistent with historical levels.

  Net Loss.  The reported net loss of the Company for the three months 
ended September 30, 1997 decreased by approximately 45%, or $1,020,000 
compared to the proforma results in the prior year.  The results of the 
three month period ended September 30, 1997 includes a non-cash charge 
of $861,921 related to the impairment of goodwill recorded in the 
acquisition of Cimarron.  The reported proforma net loss of the Company 
for the three months ended September 30, 1996 includes a non-cash loss 
of $2,010,599 for the impairment of goodwill related to the acquisition 
of Navigist.  Without either of these non-cash charges, the net loss of 
the Company increased 47%, or $128,000 for the three month period ended 
September 30, 1997 as compared to the proforma results of the three 
months ended September 30, 1996. This increase is primarily the result 
of non-cash depreciation charges related the implementation of the 
Company's production system.

Nine Months Ended September 30, 1997 Compared to Proforma Results for 
the Nine Months Ended September 30, 1996

  Net Revenues.  Total sales increased by 27%, or $306,000 for the nine 
months ended September 30, 1997, when compared to the proforma revenues 
in the prior year.  The primary reason for this increase was Internet 
Products Group revenues, which rose 134% , or $395,000.  This increase 
of Internet Products Group revenues is a result of revenues from 
contracts for its FindNow -R- service.  The Internet Products Group 
implemented its FindNow -R- system in July 1996, and the only revenues 
recognized prior to that related to development fees on the prototype 
FindNow -R- system built for a customer prior to implementation of the 
commercial version of FindNow -R- in July1996.  Internet Products Group 
revenues for the nine months ended September 30, 1997 consist primarily 
of setup and monthly fees from ongoing contracts for its FindNow -R- 
service.

  Cost of Sales.  The cost of sales, as a percent of sales increased 
from 58% of sales for the nine months ended September 30, 1996 to 110% 
of sales for the nine months ended September 30. 1997.  The total cost 
of sales also rose by 140% or $928,000.  This increase is the result of 
increased costs in the Internet Products Group which consist primarily 
of technical personnel payroll, contract labor, data acquisition costs, 
depreciation and amortization of server equipment and capitalized 
software development, telecommunications and other costs related to 
operating the Company's data center.

  Selling, General and Administrative.  Selling, general and 
administrative expenses increased from 96% of sales to 99% of sales.  In 
addition the total amount of selling, general and administrative 
expenses increased by $340,000, or 31%. The increase in cost of sales is 
primarily the result of non-cash depreciation charges related the 
implementation of the Company's production system and the addition of a 
full complement of software development and maintenance personnel. These 
expenses are expected to decline as a percent of sales as additional 
client contracts and related revenues are added in future quarters.

  The reported net loss of the Company for the nine months ended 
September 30, 1997 decreased by approximately $583,000, or 22% as 
compared to the proforma results in the prior year.  The results of the 
nine month period includes a non-cash charge of $861,921 related to the 
impairment of goodwill related to the acquisition of Cimarron, and a 
non-cash gain of $363,060 related to the retirement of common shares 
originally issued in conjunction with the acquisition of Navigist.  The 
reported proforma net loss of the Company for the nine months ended 
September 30, 1996 include a non-cash charge of $2,010,599 for the 
impairment of goodwill related to the acquisition of Navigist.  Without 
these non-cash items, the net loss of the company for the nine month 
period ended September 30, 1997 increased by $929,000, or 146% compared 
to the proforma results for the nine months ended September 30, 1996.  
This large increase in operating loss is due primarily to additional 
cost of sales in the Company's Internet Products Group without a 
proportionate increase in revenues.

Liquidity and Capital Resources;  Possible Need for Additional Financing

  The Company had cash and equivalents of $424,000 at September 30, 
1997, compared to $2,050,000 at December 31, 1996 and $629,000 as of 
June 30, 1997.  Of this $1,626,000 decrease in cash, $1,211,000 was 
utilized in the operations of the Company, $244,000 was utilized in 
purchase of data and computer equipment, $100,000 was used to retire 
debt to a related party and $71,000 was used to service third party debt 
and pay financing acquisition costs.

  The Company continues to make progress in commercializing its FindNow 
-R- service, with 31 clients currently in backlog compared to two 
implemented (2) contracts at the beginning of the year. As a result of 
the implementation of additional contracts, the Company has 
significantly reduced the amount of cash utilized in its operations 
throughout 1997. Cash utilized during the year was $769,000, $652,000 
and $205,000 in the first second and third quarters, respectively. The 
Company expects continued operating losses throughout the remainder of 
the fiscal year but anticipates that revenues from additional sales of 
its FindNow -R- service will continue to reduce the amount of cash 
utilized in its operations. 

  The Company currently projects that available cash balances, together 
with projected cash flow from operations, will be sufficient to fund the 
Company's operations into 1998.  These projections assume that the 
Company can continue to reduce cash used in its operations for the 
remainder of 1997 through additional revenues from new FindNow -R- 
contracts and that overall operating costs of the Company will not 
change significantly as new client contracts are added.  However, the 
timing or amount of new sales can not be accurately determined due to 
the limited operating history of the Company's Internet Products Group.  
Accordingly, an explanatory paragraph in the auditors report describing 
uncertainties concerning the Company's ability to continue as a going 
concern was included in the Company's audited financial statements dated 
December 31, 1996.

  The Company is currently developing enhancements to its FindNow -R- 
technology that it believes will broaden market acceptance of its 
offerings and enhance its ability to sell its FindNow -R- technology to 
customer service and call center markets. The Company is currently in 
negotiations with several potential customers for this new expanded 
FindNow -R- service. In addition, to these sales efforts, the Company is 
currently evaluating several other options to raise additional capital 
and is considering changes in its operations in the event that 
additional capital cannot be obtained externally.  Options being 
considered include a small private placement, the sale-leaseback of 
certain owned equipment, sale of certain assets of Cimarron and 
reduction of operating costs of the Company. 

  The Company believes that its success in obtaining new contracts for 
its FindNow -R- service will determine its need to raise additional 
equity capital from external sources.  As the Company is not able to 
accurately predict the timing of new sales, it has not yet determined 
what action or combination of actions the Company may take to assure 
continuation of operations.  However, in the event that the market 
acceptance of the Company's products and services is not as robust as 
anticipated, competition is greater than anticipated, development of new 
products is costlier or slower than expected, enhancements to existing 
products are costlier or slower than expected, or the Company's 
projections otherwise prove to be inaccurate, the failure to obtain 
needed financing would have a material adverse effect on the Company's 
business.

Forward Looking Statements and Related Business Risks and Assumptions
 
  The Company's actual results may vary materially from the forward 
looking statements made above. The Company intends that such statements 
be subject to the safe harbor provision of the Securities Act of 1933 
and the Securities Exchange act of 1934. The Company's forward-looking 
statements include the plans and objectives of management for future 
operations and relate to: (i) the ability of the Company to generate 
future sales of the Company's FindNow -R- service, (ii) market 
acceptance of the FindNow -R- service, (iii) success of the Company in 
forecasting and meeting the demands of the customers of the FindNow -R- 
service, including maintaining technical performance of the system as 
new FindNow -R- customers are added, (iv) ability to obtain financing to 
purchase equipment needed to provide service to additional FindNow -R- 
customers, (v) ability to maintain pricing and thereby maintain adequate 
profit margins on its products and services, (vi) ability to retain 
qualified technical personnel (vii) ability of the company to maintain 
current pricing and sales volume in its operations of Cimarron (viii) 
ability to control development costs of FindNow -R- service within 
current budgeted levels, (ix) and the ability of the Company to raise 
additional capital if needed to fund current operations.

  The foregoing assumptions are based on judgments with respect to, 
among other things, future economic, competitive and market conditions, 
and future business decisions, all of which are difficult or impossible 
to predict accurately and many of which are beyond the Company's ability 
to control. There are also other risks which could cause the Company's 
revenues or costs to vary markedly from the forward-looking statements 
made above, such as the risk that the market demand for the FindNow -R- 
may not develop as expected or if it does develop, that the Company will 
not be able to generate sufficient sales to fund its operations. 
Accordingly, although the Company believes that the assumptions 
underlying the forward-looking statements are reasonable, any such 
assumption could prove to be inaccurate and therefore there can be no 
assurance that the results contemplated in forward-looking statements 
will be realized. Any statements should not be regarded as presentation 
by the Company or any other person that the Company's objectives or 
plans will be achieved.

PART II.   OTHER INFORMATION

Item 1.  Legal Proceedings

  None. 

Item 2.  Changes 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

(a)  Exhibits are listed on the Exhibit Index. The Company will furnish 
a copy of any of the exhibits listed upon payment of $5.00 per exhibit 
to cover the administrative costs to the Company of furnishing such 
exhibit.

(b) Reports on Form 8-K

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.

Dated:  November 14, 1997
INFONOW CORPORATION
(Registrant)


/s/ Michael W. Johnson
Michael W. Johnson
President and Chief Executive Officer
(Principal Executive Officer)


/s/ Kevin D. Andrew

Kevin D. Andrew
Chief Financial Officer, Treasurer and Secretary
(Principal Financial and Accounting Officer)


EXHIBIT INDEX
Exhibit
Number    Description of Exhibit

3.1    Certificate of Incorporation of the Company, as Amended (A) 
3.3    Bylaws of the Company, as Amended. (B)
4.1    Form of Common Stock Certificate for the registrant's Common 
        Stock, $.001 par value per share. (B)
4.4    Form of Class C Warrant. (C)
10.3   Conversion Agreement by and between the Registrant and Gilman 
        Securities Corporation dated as of August 19, 1993. (D)
10.14   InfoNow Corporation 1990 Stock Option Plan, as amended. (A) 
10.25   Agreement and Plan of Merger by and among InfoNow Corporation, 
          Infonewco, Inc., Cimarron International, Inc., and Cimarron
          Shareholders dated May 22, 1995. (E)
10.26    Agreement and Plan of Merger by and among InfoNow Corporation, 
          Infomergerco, Inc., Navigist, Inc., and Navigist Shareholders dated 
          August 23, 1995. (E)
10.27    Opus Agreements to Provide Financial Advisory Services dated 
          May 23, 1995 July 17, 1995, August 2 1995, and October 10, 1995. (E) 
10.28    Employment Agreement between the Company and Michael W. Johnson 
          dated October 10, 1995. (E)
10.29    Employment Agreement between the Company and W. Brad Browning 
          dated January 9, 1996. (E)
10.30    Employment Agreement between the Company and Kevin Andrew dated 
          March 1, 1996. (E)
10.32    Agreement between the Company and Environmental Systems 
          Research Institute, Inc., ("ESRI") dated March 6, 1996. (E)
10.33    Stock Purchase and Sale Agreement by and Among VDC Paradigms, 
Inc., Craig Michaelis, David Werzberger and InfoNow Corporation dated 
December 13, 1996. (A) 
10.34    Employment Agreement between the Company and Donald E. Cohen 
dated May 22, 1995 as amended.(A) 
27.1    Financial Data Schedule*

(A)    Incorporated by reference from the Company's Annual Report on 
        Form 10-K for the year ended December 31,1996
(B)    Incorporated by reference from Registration Statement No 33-43035 
        on Form S-1 dated February 14, 1992
(C)    Incorporated by reference from Post-Effective Amendment No. 2 to 
        Registration Statement No.33-43035 on Form S-1 dated July 13, 1993
(D)    Incorporated by reference from Post Effective Amendment No. 3 to 
        Registration Statement No. 33-43035 on Form S-1 dated September 30, 
         1996.
(E)    Incorporated by reference from the Company's Annual Report on 
         Form 10 -K for year ended December 31, 1995.
(F)    Incorporated by reference from the Company's Current Report on 
        Form 8-K dated January 27, 1997

*Filed with this report