SECURITIES AND EXCHANGE COMMISSION 
				   Washington, D.C. 20549 
					Form 10-Q

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

			  For the Quarterly Period Ended June 30, 1997 

					     OR

		  [  ]    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
			   OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE 
			     TRANSITION PERIOD OF ________ TO ________.

			       Commission File Number 0-20757 

				 TRAVIS BOATS & MOTORS, INC. 
		   (Exact name of registrant as specified in its charter) 


     TEXAS                                                74-2024798
    (State or other jurisdiction of                       (I.R.S. Employer
     incorporation or organization)                       Identification Number)



		     5000 Plaza on the Lake, Suite 250, Austin, Texas 78746
			    (Address of principal executive offices)
	 Registrant's telephone number, including area code: (512) 347-8787

		   13045 Research Blvd., Austin, Texas 78750, (512) 250-8103
		      (Registrant's former address and telephone number, 
				 if changed since last report)

	  Securities registered pursuant to Section 12(b) of the Act: None 
	     Securities registered pursuant to Section 12(g) of the Act: 

			      Common Stock, $.01 Par Value 
				    (Title of class) 

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 preceeding 12 months (or for such shorter period that
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.

Common Stock $.01 par value - 4,136,506 shares as of July 31, 1997. 

<PAGE>
   Item 1. Financial Statements

   Travis Boats & Motors, Inc. and Subsidiaries
   Condensed Consolidated Balance Sheets
    ( in thousands, except share data )

<TABLE>
<CAPTION>

								June 30,   September 30,
								  1997        1996
								--------    -----------
							      (unaudited)

   <S>                                                           <C>          <C>
   ASSETS:                                                       
      Current assets:                                                      
	 Cash and cash equivalents                                $3,688       $1,533
	 Accounts receivable                                       6,085        1,331
	 Inventories                                              29,281       20,554
	 Prepaid expenses/other                                      252          263
								  ------       ------
	    Total current assets                                  39,306       23,681

      Property and equipment:
	 Land                                                      1,816        1,816
	 Buildings and improvements                                5,901        4,909
	 Furniture, fixtures and equipment                         2,619        1,847
								  ------       ------
								  10,336        8,572
	 Less accumulated depreciation                            (2,552)     (2,025)
								  -------     -------
								   7,784        6,547
      Intangibles and other assets :
	 Goodwill & noncompete agreements, net                     2,483        1,063
	 Other assets                                                239           59
								 -------      -------
	    Total assets                                         $49,812      $31,350
								 =======      =======

   LIABILITIES AND STOCKHOLDERS' EQUITY
      Current liabilities:
	 Accounts payable                                         $1,338         $240
	 Accrued liabilities                                       2,721        1,389
	 Federal & state income taxes payable                      1,377          953
	 Unearned revenue                                            885        1,174
	 Current portion of notes payable and other               15,842        4,661
	  short-term obligations                                  ------        -----
	    Total current liabilities                             22,163        8,417

      Notes payable, less current portion                          6,304        4,335

      Stockholders' equity
	 Common Stock, $.01 par value, 50,000,000 authorized
	       4,136,506 issued and outstanding at June 30,1997
	       and September 30, 1996, respectively                   41           41
	 Paid-in capital                                          11,527       11,527
	 Retained earnings                                         9,777        7,030
								 -------      -------
	    Total stockholders' equity                            21,345       18,598
								 -------      -------

	    Total liabilities and stockholders' equity           $49,812      $31,350
								 =======      =======
  </TABLE>
	  
	    See notes to unaudited condensed consolidated financial statements


<PAGE>
Travis Boats & Motors, Inc. and Subsidiaries
Unaudited Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except share data and stores open)
<TABLE>
<CAPTION>
						  Three months ended        Nine months ended
						       June 30,                  June 30,

						    1997        1996          1997        1996
						  -------    --------      --------     -------
<S>                                              <C>        <C>           <C>         <C>
Net sales......................................   $37,348     $26,445       $67,072     $48,462
Cost of goods sold.............................    27,817      19,832        49,796      36,278
						  -------     -------       -------     -------
Gross profit...................................     9,531       6,613        17,276      12,184

Selling, general and administrative............     5,426       3,767        11,204       8,068
Depreciation and amortization..................       232         141           653         404
						  -------     -------       -------     -------
						    5,658       3,908        11,857       8,472

Operating income...............................     3,873       2,705         5,419       3,712
Interest expense...............................     (412)       (424)       (1,041)     (1,092)
Other income...................................       (1)          17           (9)          49
						  -------     -------       -------     -------

Income before income taxes.....................     3,460       2,299         4,369       2,669
Provision for income taxes.....................     1,288         883         1,621       1,010
						  -------     -------       -------     -------

Net Income.....................................    $2,172      $1,416        $2,748      $1,659
						  =======     =======       =======     =======

Net Income per common share....................      0.53        0.52          0.66        0.61

Weighted average common shares outstanding..... 4,136,506   2,741,193     4,136,506   2,702,661
						=========   =========     =========   =========

Stores open at end of period...................        16          12            16          12
						=========   =========     =========   =========

</TABLE>

<PAGE>
     Travis Boats & Motors, Inc.and Subsidiaries
     Unaudited Condensed Consolidated Statements of Cash Flow
     (in thousands)
<TABLE>
<CAPTION>

								  Nine months ended
								      June 30,

								  1997         1996
								 ------       ------
     <S>                                                         <C>         <C>
     Operating activities:
     Net Income                                                  $2,748       $1,659
     Adjustments to reconcile net income to net cash used in
       operating activities:
	Depreciation and amortization.........................      653          404
	Changes in operating assets and liabilities
	   (Increase) in amounts due from underwriters........        0      (10,286)
	   (Increase) in accounts receivable..................   (4,754)      (3,019)
	   (Increase) in prepaid assets.......................      (36)         (56)
	   (Increase) in inventories..........................   (5,056)      (8,454)
	   (Increase) in other assets.........................     (180)          (3)
	   Decrease in deferred tax asset.....................        0           60
	   Increase/(decrease) in accounts payable............    1,098          (17)
	   Increase in accrued liabilities....................    1,332          794
	   Increase/(decrease) in income taxes payable........      424           73
	   Increase/(decrease) in unearned revenue............     (289)       1,947

								 ------       -------
	Net Cash used in by operating activities..............   (4,060)     (16,898)

	Investing Activities:
	Purchase of businesses................................   (2,519)         (88)
	Purchase of property and equipment....................   (1,344)      (1,100)

								 ------       -------
	Net cash used in investing activities                    (3,863)      (1,188)

	Financing activities:
	Net increase in notes payable and other short term obl   10,078        6,913
	Issuance of common stock                                      0        9,578

								 ------       -------
	Net cash provided by financing activities.............   10,078       16,491
	Increase/(decrease) in cash and cash equivalents......    2,155       (1,595)
	Cash and cash equivalents, beginning of period........    1,533          996

								 ------       -------
	Cash and cash equivalents, end of period..............   $3,688        ($599)
								 ======       =======
</TABLE>
	      See notes to unaudited condensed consolidated financial statements

<PAGE>
	     NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

				JUNE  30, 1997


NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements have 
been prepared from the records of Travis Boats & Motors, Inc. and subsidiaries 
(collectively, the Company) without audit.  In the opinion of management, 
such financial statements include all adjustments (consisting of only 
recurring accruals) necessary to present fairly the financial position at June 
30, 1997; and the interim results of operations and cash flows for the nine 
month periods ended June 30, 1997 and 1996.  The condensed consolidated balance 
sheet at September 30, 1996, presented herein, has been prepared from the 
audited consolidated financial statements of the Company for the fiscal year 
then ended.

Accounting policies followed by the Company are described in Note 1 to the 
audited consolidated financial statements for the fiscal year ended September 
30, 1996.  Certain information and footnote disclosures normally included in 
financial statements have been condensed or omitted for purposes of the 
condensed consolidated interim financial statements.  The condensed 
consolidated financial statements should be read in conjunction with the 
audited consolidated financial statements, including the notes thereto, for 
the fiscal year ended September 30, 1996.

The results of operations for the nine month period ended June 30, 1997 are 
not necessarily indicative of the results to be expected for the full year.

NOTE 2 - NET INCOME PER COMMON SHARE

Net income per common share is based on the weighted average number of common 
shares outstanding during the periods.  The effect of the Common Stock 
equivalents is not significant.

NOTE 3 - INITIAL PUBLIC OFFERING OF COMMON STOCK

On June 27, 1996, the Company consummated an initial public offering of 
1,890,500 shares of Common Stock at the price of $9.00 per share.  Of the 
1,890,500 shares sold, 1,453,000 shares were sold by the Company (including 
140,500 shares sold pursuant to an over-allotment option) and 437,500 shares 
were sold by certain shareholders.  Net proceeds to the Company were 
approximately $11.5 million.

NOTE 4 - STOCKHOLDERS' EQUITY

In November 1995, the Board of Directors of the Company approved a 15 for 1 
stock dividend for stockholders of record as of November 8, 1995.

Effective December 14, 1995, the Company changed the stated par value of each 
share of common stock from $.10 to $.01.  The condensed consolidated financial 
statements have been restated to retroactively reflect the change in par 
value.

In May 1996, the Board of Directors of the Company approved a 1 for 3 stock 
dividend for stockholders of record as of May 3, 1996.  All share amounts 
presented in these condensed consolidated financial statements have been 
restated retroactively to reflect the above stock dividends and change in par 
value.


<PAGE>
NOTE 5 - ACQUISITIONS

 Clay's Boats and Motors, Inc. ("Clay's") 

Effective December 1, 1995, the Company acquired certain assets of Clay's 
Boats and Motors, Inc. in New Iberia, Louisiana. The assets acquired included 
furniture, fixtures and equipment, parts and accessories inventory, all 
leasehold improvements and certain other assets. The purchase price was 
$328,741, of which $262,687 was paid in cash and $66,054 was financed by the 
issuance of a note payable to the seller. 

The acquisition has been accounted for using the purchase method of accounting 
and, accordingly, the operating results of Clay's have been included in the 
consolidated financial statements from the date of acquisition. The purchase 
price ($328,741) has been allocated to the tangible net assets acquired 
($240,669) based on their respective fair values at the date of acquisition.  
The resulting excess purchase price ($88,072) was allocated to  non-compete 
agreements and goodwill. 

North Alabama Watersports, Inc. ("NAWS")

Effective October 3, 1996, the Company acquired certain assets of North 
Alabama Watersports, Inc. in Florence, Alabama. This acquisition included 
boat, motor and trailer inventory, parts and accessories inventory, and 
furniture, fixtures and equipment. The purchase price was $892,255, of which 
$79,707 was financed by the issuance of a note payable to the seller.  

The acquisition has been accounted for using the purchase method of accounting 
and, accordingly, the operating results of NAWS have been included in the 
consolidated financial statements from the date of acquisition. The purchase 
price ($892,255) has been allocated to the tangible net assets acquired 
($687,255) based on their respective fair values at the date of acquisition. 
The resulting excess purchase price ($205,000) was allocated to  noncompete 
agreements and goodwill. 

Tri-Lakes Marine, Inc. ("Tri-Lakes")

Effective November 1, 1996, the Company acquired certain assets of Tri-Lakes 
Marine, Inc. with retail store locations in Tennessee and Alabama. This 
acquisition included boat, motor and trailer inventory, parts and accessories 
inventory, and furniture, fixtures and equipment. The purchase price was 
$1,242,924, of which $642,924 was paid in cash and $600,000 was financed by 
the issuance of  notes payable to the seller. 

The acquisition has been accounted for using the purchase method of accounting 
and, accordingly, the operating results of Tri-Lakes have been included in the 
consolidated financial statements from the date of acquisition. The purchase 
price ($1,242,924) and liabilities assumed ($1,937,279) have been allocated to 
the tangible net assets acquired ($2,536,092) based on their respective fair 
values at the date of acquisition. The resulting excess purchase price 
($644,111) was allocated to noncompete agreements and goodwill. 

Bent's Marine, Inc. ("Bent's")

Effective February 19, 1997, the Company acquired certain assets of Bent's 
Marine, Inc. in Metairie, Louisiana.  This acquisition included boat, motor 
and trailer inventory, parts and accessories inventory, and furniture, 
fixtures and equipment.  The purchase price was $1,518,550, of which 
$1,063,671 was paid in cash and $454,879 was financed by the issuance of a 
note payable to the seller.
<PAGE>

The acquisition has been accounted for using the purchase method of accounting 
and, accordingly, the operating results of Bent's have been included in the 
consolidated financial statements from the date of acquisition.  The purchase 
price ($1,518,550) has been allocated to the tangible assets acquired 
($839,627) based on their respective fair values at the date of acquisition.  
The resulting excess purchase price ($678,923) was allocated to  noncompete 
agreements and goodwill.

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

General
-------

Travis Boats & Motors, Inc. (''Travis Boats'' or the ''Company'') is a leading 
multi-state superstore retailer of recreational boats, motors, trailers and 
related marine accessories in the southern United States. The Company, which 
currently operates 16 stores under the name Travis Boating Center in Texas, 
Arkansas, Louisiana, Alabama and Tennessee, differentiates itself from 
competitors by providing customers a unique superstore shopping experience 
that showcases a broad selection of high quality boats, motors, trailers and 
related marine accessories at firm, clearly posted low prices. Each superstore 
also offers complete customer service and support, including in-house 
financing programs and full-service repair facilities staffed by factory-
trained mechanics. 

Since its founding in 1979 as a single retail store in Austin, Texas, the 
Company has grown both through acquisitions and the establishment of new store 
locations. During the 1980's, the Company expanded into the Texas markets of 
San Antonio, Midland, Dallas and Abilene. It was during this initial period of 
expansion that the Company began developing the systems necessary to manage a 
multi-store operation and leveraging the economies of scale associated with 
volume purchasing. The Company's success in these areas led to the proprietary 
Travis Edition packaging concept and the Company's pricing philosophy. Since 
1991, Travis Boats has opened or acquired (through asset purchases) eleven 
additional store locations within the following states: Texas (3), Arkansas 
(2), Louisiana (3), Alabama (2) and Tennessee (1). 

The Company sells over 40 different models of brand-name fishing, water-skiing 
and general recreational boats, along with motors, trailers, accessories and 
related equipment. Personal watercraft, off-shore fishing boats and cabin 
cruisers are also offered for sale at selected store locations.  The Company 
custom designs and pre-packages combinations of popular brand-name boats, such 
as Aquasport, Pro Line, Sea Ark and Larson, with Johnson outboard and other 
motors, trailers and numerous accessories, under its proprietary Travis 
Edition product line. These signature Travis Edition packages, which account 
for the vast majority of total new boat sales, have been designed and 
developed in coordination with the manufacturers and often include 
distinguishing features and accessories that have historically been 
unavailable to, or listed as optional by, many competitors. These factors 
enable the Company to provide the customer with an exceptional product that is 
competitively priced and conveniently packaged for immediate enjoyment. 

The Company believes that it offers a selection of boat, motor and trailer 
packages that fall within the price range of the majority of all boats, motors 
and trailers sold in the United States. Although the Company sells boats 
priced in excess of $100,000, the Company's product line generally consists of 
boat packages priced from $7,500-$23,000 with approximate even distribution 
within this price range. Management believes that by combining flexible 
financing arrangements with an even distribution of products through a broad 
price range, the Company is able to offer boat packages to customers with 
different purchasing budgets and varying income levels. 

<PAGE>

Results of Operations
---------------------

Quarter Ended, June 30, 1997 Compared to the Quarter Ended, June 30, 1996 and
Nine Months Ended, June 30, 1997 Compared to the Nine Months Ended June 30, 
1996 

Net sales.   Net sales increased by 41.3% to $37.3 million in the third 
quarter of fiscal 1997 from $26.4 million in the third quarter of fiscal 1996.
For the nine months ended, June 30, 1997, net sales increased by 38.4% to 
$67.1 million from $48.5 million during the same period of the prior year.  Of 
the increases in net sales, approximately $1.8 million and $942,000 were 
attributable to a 7.3% and 3.5% growth in comparable store sales for the 
quarter (ten stores in base) and nine months (six stores in base) ended June 
30 1997, respectively.  For the quarter and nine months ended June 30, 1997, 
respectively, approximately $9.5 million and $15.8 million of the increases in 
net sales were related to the four store locations acquired thus far in fiscal 
1997.  General growth in overall sales volume was primarily the result of the 
increased number of stores in operation during the periods, the participation 
in additional season opening boat and recreation shows, volume client sales 
derived from the newly acquired Winchester, Tennessee store and the growth in 
comparable store sales.  The Winchester store location has two distinct types 
of sales - local retail (similar to the traditional Travis Boating Center 
superstore) and volume client sales.  Volume client sales are typically non-
packaged products (ie not Travis Editions) sold below the Company's standard 
profit margins.  It is anticipated that this location will be the only   
existing store that will have a volume client sales component as a material 
part of its operations.   

Comparable store sales during the quarter and the nine months ended June 30, 
1997 benefitted from the increased number of Travis Edition models offered 
(including the addition of Pro Line boats,  new deck boats by Larson, Sprint 
and numerous aluminum models) and increased penetration levels of sales 
related to  finance and insurance products offered by the Company.   
Comparable store sales have also benefitted from continued sales demand from 
participation in offsite marketing events such as boat and recreation shows, 
parking lot shows, open houses and in the water boat shows.

Historically, the Company's first fiscal quarter represents its slowest 
quarter in terms of sales demand.  This is historically followed a broad 
seasonal increase in sales by both the Company and the industry as a whole in 
the quarters ending on March 31 and June 30.   The quarter ended June 30, 
historically represents the peak sales demand for the Company.     

Gross profit.   Gross profit increased by 43.9% to $9.5 million in the third 
quarter of fiscal 1997 from $6.6 million in the same quarter of fiscal 1996, 
while gross profit as a percent of sales increased to 25.5% from 25.0% during 
the same periods.  For the nine months ended, June 30, 1997, gross profit 
increased 41.8% to $17.3 million from $12.2 million in the same period of the 
prior year, while the gross profit as a percent of sales increased to 25.8% 
from 25.1%.  These increases in gross profit as a percent of sales were 
primarily related to enhanced revenues attributable to traditionally higher 
gross profit sales categories such as:  F&I income, over the counter sales of 
parts & accessories and service labor, as well as an overall favorable mix of 
boats sold.  While the gross profit margin has reflected improvement as a 
percent of sales, it has been offset somewhat by the sales to high volume 
clients through the Winchester, Tennessee store location.  During the recently 
completed third quarter and nine months ended June 30, 1997, approximately 
<PAGE>

$1.3 million and $3.1 million in sales, respectively, from the Winchester
store were volume client sales.  However, the Winchester store is expected to 
generate less than $5.0 million in volume client transactions during fiscal 
1997, a level not expected to have a material impact on the Company's targeted 
gross profit margin. 


Net sales attributable to F&I Products, which have a significant impact on the 
gross profit margin, contributed $1.6 million, or 16.8%, of total gross profit 
in the third quarter of fiscal 1997, as compared to $1.1 million or 16.7%, of 
total gross profit for the third quarter of the prior fiscal year.  For the 
nine months ended, June 30, 1997, net sales attributable to F&I Products 
accounted for $3.0 million, or 17.3% of the total gross profit, compared to 
$2.0 million or 16.4%, for the same period of the prior year.  Net sales 
attributable to F&I Products are reported on a net basis, therefore, all of 
such sales contribute directly to the Company's gross profit. The costs 
associated with the sale of F&I Products are included in selling, general and 
administrative expenses. 

Selling, general and administrative expenses.   Selling, general and 
administrative expenses increased by 42.1% to $5.4 million in third quarter of 
fiscal 1997 from $3.8 million for the third quarter of fiscal 1996. Selling, 
general and administrative expenses as a percent of net sales increased to 
14.5% in the third quarter of fiscal 1997 from 14.2% for the third quarter of 
fiscal 1996. This increase in selling, general and administrative expenses as 
a percent of net sales was primarily attributable to, the start up costs 
associated  with the four stores acquired thus far in fiscal 1997, the 
expenses associated with due-diligence on pending acquisitions   
(see Pending Acquisitions) and the expenses of operating a larger 
store base with an expanded regional market presence. Selling, general and 
administrative expenses in actual dollars increased by 38.3% to $11.2 million 
for the nine months ended June 30, 1997, versus $8.1 million in the same period
of the prior fiscal year.   However, as a percent of net sales, selling, general
and administrative expenses for the nine months ended June 30, 1997 remained 
flat at 16.7% from the same period of the prior year due primarily to the over-
all increase in net sales.

Depreciation and amortization expenses increased in the quarter and for the 
nine months ended, June 30, 1997, primarily as a result of the acquisitions
which occurred thus far in fiscal 1997, and through the capitalization of costs
such as leasehold or building improvements associated with the conversion of
certain existing stores to superstore standards.
 
Interest expense.   Interest expense, in actual dollars, decreased by 2.8% to 
$412,000 in third quarter of fiscal 1997 from $424,000 in the third quarter of
fiscal 1996, while interest expense as a percent of net sales also decreased  
to 1.1% in the third quarter of fiscal 1997 from 1.6% in the same quarter of 
fiscal 1996.  For the nine months ended June 30, 1997, interest expense 
decreased to $1.0 million from $1.1 million in the same period of the prior 
year, while interest expense as a percent of net sales declined to 1.6% from 
2.3%.   Effective with the funding of the Company's Initial Public Offering in 
late June of 1996, the Company reduced certain revolving indebtedness and 
certain long term indebtedness.   This reduction in debt, a reduction in the 
Company's revolving line of credit interest rate, and the seasonally increased 
working capital have allowed the reduction in overall interest expense.  See
"Liquidity and Capital Resources", "Seasonality".

<PAGE>

Net Income.   The Company experienced a net income of $2.2 million for the 
third quarter of fiscal 1997.  This represents an  increase of 57.1% from the 
net income of $1.4 million in the third quarter of fiscal 1996. The net income 
as a percent of sales was 5.8% and 5.4% for the third quarter of fiscal 1997 
and 1996, respectively.  For the nine months ended, June 30, 1997, net income 
increased by 58.8% to $2.7 million from $1.7 million in the same period of the 
prior year.  The improved net income has been the result of the Company gener-
ating higher net sales levels while attaining higher gross profit margins, 
containing selling, general and administrative expenses and reducing interest 
expense both in terms of actual dollars and as a percentage of net sales.   


Liquidity and Capital Resources 
-------------------------------

The Company's short-term cash needs are primarily for working capital to 
support operations, including inventory requirements, off-season liquidity and 
store expansion. These short-term cash needs have historically been financed 
with cash from operations and borrowings under the Company's credit 
facilities. At June 30, 1997, the Company had working capital of $17.1 
million, including $6.1 million in accounts receivable (primarily contracts in 
transit from sales) and $29.3 million in inventories, offset by approximately 
$4.1 million of accounts payable and accrued liabilities, and $18.1 million in 
other short-term liabilities including revolving/floorplan credit lines 
outstanding ($15.8 million) and, unearned income ($885,000).  As of June 30, 
1997, the aggregate maximum borrowing limits under floor plan and revolving 
lines of credit were approximately $45.0 million, of which the Company was 
eligible to borrow approximately $30.0 million pursuant to the Company's
borrowing formula.

Operating activities utilized cash flows of $4.0 million for the first nine
months of fiscal 1997 due primarily to the net increases of $5.1 million in
inventories and $4.8 million in accounts receivable. The third quarter historic-
ally represents the peak selling season for the Company (see "Seasonality").
Inventory growth traditionally slows during the third quarter and generally 
falls to an annual low point during the fourth fiscal quarter.  In the 
fourth quarter, inventory model year change occurs and inventory commitments 
and allocations are typically finalized for the next year's selling season.

The Company used net cash in investing activities of approximately $3.9 mil-
lion in the first nine months of fiscal 1997. During the first nine months of
fiscal 1997, the Company acquired substantially all of the assets of North 
Alabama Watersports, Inc., Tri-Lakes Marine, Inc. and Bent's Marine, Inc. which 
accounted for approximately $2.5 million of investing activities.  The 
Company also acquired its facility in Beaumont, Texas, renovated its Midland, 
Texas store to superstore standards and updated certain facilities with its 
standard superstore trade dress awnings and neon.   Certain sellers in the 
recent acquisitions have provided long term debt at fixed interest rates in 
connection with those acquisitions.  The remaining acquisition and other capital
expenditures have been substantially financed with advances made under the 
Company's revolving credit lines and from working capital. 

Financing activities for the nine months ended June 30, 1997 provided $10.1 
million of cash flows primarily from the net proceeds of advances under the 
Company's revolving and floorplan lines of credit.  These advances  were used 
to fund the increase in inventories, certain acquisition related expenses and
other capital expenditures.  Effective December 12, 1996, the Company entered 
into a $15.0 million revolving line of credit agented by NationsBank of Texas, 
N.A. This credit facility replaced the previously existing floor plan lines of 
credit and revolving credit lines totalling approximately $13.8 million with 
Hibernia National Bank and NationsBank. The line provides for borrowing pursuant
to a borrowing formula based upon certain of the Company's inventory and account
receivables. Collateral consists of a security interest in specific inventories 
(and proceeds thereof), accounts receivable and contracts in transit. The line 
is annually renewable with the initial maturity on October 31, 1997.  Pricing 
is at the prime rate minus .375%, with a fee of .125% on the unfunded portion 
to be assessed quarterly. A comprehensive loan agreement governs the line of 
credit. The loan agreement contains financial covenants regulating debt service 
coverages, tangible net worth, operating leverage and restrictions on 
dividends or distributions. As of June 30, 1997, $5.0 million was drawn on the 
revolving line and management believes the Company to be in compliance with 
the terms and conditions of this loan agreement.   By a conditional term sheet 
dated as of May 20, 1997, NationsBank of Texas, N.A. has provided the Company 
with a written commitment to increase the revolving line from $15.0 million to 
$40.0 million under substantially the same existing terms and conditions.  
<PAGE>

The Company also maintains floor plan lines of credit with various finance 
companies providing approximately $25.0 million in credit limits.  These floor 
plan lines generally have no stated maturity and utilize subsidies from 
manufacturers to provide for certain interest free periods each calendar year 
(usually August through May). Certain of these floor plan lines of credit with 
finance companies are governed by loan agreements containing various financial 
covenants concerning, among others, ratios governing tangible net worth and 
leverage. As of June 30, 1997, approximately $10.8 million was outstanding 
under these floor plan lines and management believes the Company was in 
compliance with the terms and conditions of these loan agreements. 

Merchandise inventories were $29.3 million and $20.6 million as of June 30, 
1997 and September 30, 1996, respectively.  Costs in excess of net assets 
acquired increased by approximately $1.5 million to $2.5 million in the 
first nine months of fiscal 1997 due to the acquisitions of the additional 
four store locations thus far in fiscal 1997. 

The Company's revolving credit facility, floor plan lines of credit and 
internally generated working capital are expected by the Company's management 
to be sufficient to meet the Company's cash requirements at least through the 
remainder of fiscal 1997 and fiscal 1998. 

Seasonality
-----------

The Company's business, as well as the sales demand for various types of 
boats, tends to be highly seasonal. Strong sales typically begin in January 
with the onset of the public boat and recreation shows, and continue through 
July. During the fiscal year and the 12 months ended September 30, 1996 and 
1995, respectively,  net sales for the quarterly periods ended March 31 and 
June 30 represented in excess of 29% and 39%, respectively, of the Company's 
annual net sales. With regard to net income, the Company historically 
generates profits in three of its fiscal quarters and experiences operating 
losses in the quarter ended December 31 due to a broad seasonal slowdown in 
sales. During the quarter ended September 30, inventory typically reaches its 
lowest levels and accumulated cash reserves reach the highest levels. During 
the quarter ended December 31, the Company generally builds inventory levels 
in preparation for the selling season which begins with boat and recreation 
shows occurring in January and February in certain market areas in which the 
Company conducts business. Travis Boats' operating results would be materially 
and adversely affected if net sales were to fall significantly below 
historical levels during the months of January through June.
<PAGE>

Pending Acquisitions
--------------------

On June 30, 1997, the Company released a press report that in conjunction with 
the planned opening of a 'de novo' store location in Pascagoula, Mississippi, 
it had entered into a Definitive Purchase Agreement to acquire certain Pro-
Line, Donzi, Sprint and Polar boat inventory and related assets for cash consid-
eration from a pleasure boat retailer in Pascagoula. The total purchase price is
expected to be approximately $1.0 million.

On June 30, 1997, the Company released a press report that it had entered into 
conditional letters of intent to acquire Adventure Marine & Outdoors, Inc. 
(Adventure Marine), Adventure Boat Brokerage, Inc. (Adventure Brokerage) 
and Adventure Marine South, Inc. (Adventure South) for common stock of 
Travis Boats & Motors, Inc. and other cash consideration. Newly issued common
stock of Travis Boats will be exchanged for all outstanding common stock in Ad-
venture Marine, Adventure Brokerage and Adventure South on the date of closing.
The amount of common stock exchanged by Travis will be based upon the value of
the assets acquired less the liabilities assumed by Travis (the "net assets").
The net assets are expected to be approximately $2.0 million and the Travis 
common stock will be valued based upon the average closing price for the twenty 
(20) days prior to closing of the transaction. Travis will also pay an amount 
of approximately $2.250 million cash in excess of the net assets.  Adventure 
Marine and Adventure Brokerage operate store locations in Ft. Walton Beach, 
Florida and Adventure South operates a store location in Key Largo, Florida.  
The transaction is expected to close in fiscal 1997.

Reliance on Manufacturers and Other Key Vendors
-----------------------------------------------

The Company's success is dependent upon its relationship with, and favorable 
pricing relationships from, a limited number of major manufacturers.  In the 
event these arrangements were to change or terminate for any reason, including 
changes in competitive, regulatory or marketing practices, the Company's 
business, financial condition and results of operations could be adversely 
affected.  

As is typical in the industry, the Company deals with each of its 
manufacturers pursuant to a cancellable, annually renewable, non-exclusive, 
dealer agreement that does not contain any contractural provisions concerning 
product pricing or required purchasing levels.  Pricing is generally 
established on a model year basis, but is subject to change at the 
manufacturer's sole discretion.

The Company purchased approximately 100% of its outboard motors in fiscal 
years 1995 and 1996 from Outboard Marine Corporation ("OMC"), the manufacturer 
of Johnson outboard motors.  Unlike the Company's other dealer agreements, the 
Company's agreement with OMC is multi-year in nature.  This agreement, which 
is in the second of three years, sets forth an established discount level from 
the then prevailing dealer net price over the entire term of the agreement.  
This dealer agreement may be canceled by either party if the volume of product 
purchased or available to be purchased is not maintained at pre-established 
levels.  Both Travis and OMC have fulfilled such pre-established levels as of 
the date of this report on Form 10Q.  If the Company's contract with OMC were 
canceled or modified, it could have a material adverse effect on the Company's
business, financial condition and results of operations.
 
On Friday, April 28, 1997, OMC released a press report concerning its 
operating results for the first six months of its current fiscal year.  OMC 
reported an operating loss for both its first and second fiscal quarters.  The 
Company further announced that its Board had retained its investment banking 
firm to seek alternative new sources of capital.  

On Wednesday July 9, 1997, OMC released a press report stating that the 
company had agreed to be acquired by Detroit Diesel Corp., a unit of Penske 
Corp. for $16 per share in cash and stock, subject to a tender offer.  On Monday
August 6, 1997, Detroit Diesel Corp. extended its tender offer for an additional
two weeks.
<PAGE>
On Thursday August 7, 1997, OMC released a press report stating that Greenway
Partners L.P., had made a competing tender offer for $18 per share for OMC. The
Greenway tender offer is scheduled to expire on Monday September 8, 1997.  As of
the date of this report, Travis is not aware of any public comments by OMC re-
garding the tender offer by Greenway Partners, L.P.

Travis Boats management does not believe that a new owner or financial partner
for OMC will prove detrimental to or result in the termination of its 
longstanding relationship with the company.  Travis Boats believes that it is 
the largest volume purchaser of products from OMC and believes that 
alternative product suppliers exist, if necessary, for a high volume 
purchasing client such as Travis Boats.  Although the Company believes that 
adequate alternate sources of motors would be available that could replace OMC,
there can be no assurance that such alternate manufacturers will be available
at the time of any future interruption, or that alternative products will be 
available at comparable quality and prices.  While it is not known what impact 
OMC's financial condition will have upon Travis, if any, as of the date of 
this report Travis Boats has not had any material difficulties in obtaining 
necessary product from OMC and further believes that existing stock in 
addition to planned upcoming deliveries will be sufficient to meet demand 
throughout the current model year's selling season.   

On Friday, April 25, 1997, Mastercrafters Corporation, of Winnsboro, 
Louisiana, announced that it had halted production in its only plant facility 
and that it would seek to find a buyer for certain of its assets including its 
trade name, Cajun Boats.  Mastercrafters Corporation is a subsidiary of Genmar 
Holdings, Inc. which also owns and manufacture's the Larson and Aquasport boat 
lines which the Company sells as part of its Travis Edition line.  
Approximately 22% of the Company's net inventory purchases in fiscal 1996 were 
from Genmar and was comprised of boats from its Aquasport, Larson and Cajun 
subsidiaries.  As a result of the interruption in Mastercrafters Corporation's 
production, the Company may experience temporary product shortfalls,  
disruptions or delays with respect to any unfilled purchase orders as well as 
intended upcoming purchase orders which would have been outstanding as of the 
date production was halted.  Although the Company believes that it has 
sufficient stock on hand to substantially meet current model year's market 
demands and that adequate alternative sources will be available to absorb the 
lack of Mastercrafters' production, there can be no assurance that such 
alternate sources will be available in a timely manner or that such products 
will be available at comparable quality and prices.


   
Effect of Newly Issued Accounting Standards
-------------------------------------------

In February 1997, the Financial Accounting Standards Board issued Statement 
No. 128, Earnings per Share, which is required to be adopted on December 31, 
1997.  At that time, the Company will be required to change the method 
currently used to compute earnings per share and to restate all prior periods.  
Under the new requirements for calculating primary earnings per share, the 
dilutive effect of stock options will be excluded.  The impact of Statement 
128 on the calculation of primary and fully diluted earnings per share for 
these quarters is not expected to be material.

<PAGE>
Cautionary Statement for purposes of the Safe Harbor Provisions of the Private 
------------------------------------------------------------------------------
Securities Litigation Reform Act of 1995.
-----------------------------------------


Other than statements of historical fact, all statements contained in this 
quarterly Report on Form 10-Q or in documents incorporated herein may contain 
forward-looking statements. Forward-looking statements in this  Report 
generally are accompanied by words such as ''anticipate,'' ''believe,'' 
''estimate,'' ''project,'' ''of the opinion that,'' ''expect'' or similar 
statements. Although the Company believes that the expectations reflected in 
such forward-looking statements are reasonable, no assurance can be given that 
such expectations are accurate. Factors that could cause the Company's results 
to differ materially from the results discussed in such forward-looking 
statements include the risks described under ''Risk Factors'' in the Report on 
Form 10-K filed by the Company for the fiscal year ended September 30, 1996 
and the Registration Statement filed on Form S-1 filed in conjunction with the 
Company's initial public offering in June of 1996.  All forward-looking 
statements in this 10-Q Report are expressly qualified in their entirety by 
the cautionary statements in this paragraph and the referenced filings.

<PAGE>
PART II. OTHER INFORMATION

Item 6.   Exhibits and reports on Form 8 - K
(a) Exhibits 
	None

(b) Reports on Form 8 - K
	  No reports on Form 8 - K have been filed during the quarter for which
	  this report is filed.

				   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the 
registrant has caused this report to be signed on its behalf by the 
undersigned thereto duly authorized.

Date: August 13, 1997              Travis Boats & Motors, Inc.


							   
			       By:______________________________

				       Michael B. Perrine
			   Chief Financial Officer, Treasurer and Secretary
			   (Principal Accounting and Financial Officer)




<PAGE>
[ARTICLE]                           5
[MULTIPLIER]                        1,000


<PERIOD TYPE>                       9-MOS                   12-MOS
<FISCAL YEAR-END>                   SEP-30-97               SEP-30-96
[PERIOD-START]                      OCT-01-96               OCT-01-95
[PERIOD-END]                        JUN-30-97               SEP-30-96
[CASH]                              3,688                   1,533
[SECURITIES]                        0                       0
[RECEIVABLES]                       6,085                   1,331
<ALLOWOWANCES>                      0                       0
[INVENTORY]                         29,281                  20,554
[CURRENT-ASSETS]                    39,306                  23,681
[PP&E]                              10,336                  8,572
[DEPRECIATION]                      2,552                   2,025
[TOTAL-ASSETS]                      49,811                  31,350
[TOTAL-LIABILITIES]                 28,466                  12,752
[BONDS]                             6,304                   4,335
[PREFERRED-MANDATORY]               0                       0
[COMMON]                            41                      41
[OTHER-SE]                          21,305                  18,557
[TOTAL-LIABILITY-AND-EQUITY]        49,811                  31,350     
			
[SALES]                             67,072                  64,555
[TOTAL-REVENUES]                    67,072                  64,555
[CGS]                               <49,796>                <48,072>
[TOTAL-COSTS]                       <49,796>                <48,072>
[OTHER-EXPENSES]                    <11,857>                <11,421>
[LOSS-PROVISION]                    0                       0
[INTEREST-EXPENSE]                  <1,041>                 <1,289>
[INCOME-PRETAX]                     4,369                   3,833
[INCOME-TAX]                        <1,621>                 <1,450>
[INCOME-CONTINUING]                 2,748                   2,383
[DISCONTINUED]                      0                       0
[EXTRAORDINARY]                     0                       0
[CHANGES]                           0                       0 
[NET-INCOME]                        2,748                   2,383
[EPS-PRIMARY]                      .66                     .78
[EPS-DILUTED]                      .66                     .78