<PAGE>
                        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 March 31, 1998

                                       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


        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 preceding 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 - 4,253,671 shares as of May 15, 1998. 

<PAGE>

Item 1. Financial Statements

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

<TABLE>
<CAPTION>

                                                           March 31,    September 30,
                                                              1998         1997
                                                                  (unaudited)
   <S>                                                       <C>          <C>
   ASSETS:
      Current assets:
         Cash and cash equivalents                            $8,995       $5,816
         Accounts receivable                                   9,135        3,915
         Inventories                                          57,538       34,450
         Prepaid expenses and other                            1,238          544

            Total current assets                              76,906       44,725

      Property and equipment:
         Land                                                  1,991        1,991
         Buildings and improvements                            7,006        6,366
         Furniture, fixtures and equipment                     3,627        3,162

                                                              12,624       11,519
         Less accumulated depreciation                        (3,177)      (2,750)


                                                               9,447        8,769
      Intangibles and other assets :
         Goodwill and noncompete agreements, net                5,688       5,376
         Other assets                                             326         251

            Total assets                                     $92,367      $59,121


   LIABILITIES AND STOCKHOLDERS' EQUITY
      Current liabilities:
         Accounts payable                                     $1,978       $2,238
         Accrued liabilities                                   3,591        4,631
         Federal and state income taxes payable                1,604        1,081
         Unearned revenue                                      2,024          522
         Current portion of notes payable and other
            short-term obligations                            53,473       21,447

            Total current liabilities                         62,670       29,919

      Notes payable, less current portion                      4,664        5,145

      Stockholders' equity
        Common Stock, $.01 par value, 50,000,000 authorized,
          4,224,867 and 4,253,671 issued and outstanding at
          September 30, 1997 and March 31, 1998, respectivly      43           42
         Paid-in capital                                      13,337       13,004
         Retained earnings                                    11,653       11,011

            Total stockholders' equity                        25,033       24,057

            Total liabilities and stockholders' equity       $92,367      $59,121
</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        Six months ended
                                                        March 31,                 March 31,

                                                 1998        1997          1998        1997

<S>                                             <C>         <C>           <C>         <C>
Net sales......................................  $33,427     $24,273       $43,569     $29,724
Cost of goods sold.............................   24,323      17,869        31,854      21,979

Gross profit...................................    9,104       6,404        11,715       7,745

Selling, general and administrative............    5,294       3,638         8,988       5,778
Depreciation and amortization..................      346         237           679         421
                                                   5,640       3,875         9,667       6,199

Operating income...............................    3,464       2,529         2,048       1,546
Interest expense...............................     (578)       (415)       (1,039)       (629)
Other income/(expense).........................       14          (6)           27          (9)

Income before income taxes.....................    2,900       2,108         1,036         908
Provision for income taxes.....................    1,102         788           394         332

Net Income.....................................   $1,798      $1,320          $642        $576

Basic Earnings Per Share.......................    $0.42       $0.32         $0.15       $0.14
Diluted Earnings Per Share.....................    $0.41       $0.31         $0.15       $0.14

Weighted average common shares outstanding..... 4,253,545   4,136,506     4,241,588   4,136,506
Weighted average dilutive common shares outstan 4,423,316   4,239,627     4,405,348   4,239,673

Stores open at end of period...................        22          16            22          16
</TABLE>

        See notes to unaudited condensed consolidated financial statements
<PAGE>

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

<TABLE>
<CAPTION>

                                                                   Six months ended
                                                                      March 31,

                                                                 1998         1997

     <S>                                                        <C>          <C>
     Operating activities:
     Net Income                                                    $642         $576
     Adjustments to reconcile net income to net cash used in
       operating activities:
        Depreciation and amortization.........................      679          421
        Changes in operating assets and liabilities
           (Increase) in accounts receivable..................   (5,220)      (4,720)
           (Increase) in prepaid expenses.....................     (694)         (68)
           (Increase) in inventories..........................  (21,301)     (11,144)
           (Increase) in other assets.........................      (75)          (7)
           Increase in accounts payable.......................     (289)         669
           Increase in accrued liabilities....................      390          852
           Increase/(Decrease) in income taxes payable........      523          146
           Increase/(Decrease) in unearned revenue............    1,502         (180)

        Net Cash used in by operating activities..............  (23,843)     (13,455)

        Investing Activities:
        Purchase of businesses................................   (3,696)      (4,492)
        Purchase of property and equipment....................     (977)      (1,141)

        Net cash used in investing activities                    (4,673)      (5,633)

        Financing activities:
        Net increase in notes payable and other short term obl   31,361       21,734
        Sale of common stock                                        334            0

        Net cash provided by financing activities.............   31,695       21,734
        Increase/(Decrease) in cash and cash equivalents......    3,179        2,646
        Cash and cash equivalents, beginning of period........    5,816        1,533

        Cash and cash equivalents, end of period..............   $8,995       $4,179

</TABLE>
              See notes to unaudited condensed consolidated financial statements




<PAGE>

            NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

                               MARCH  31, 1998


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 March 31, 1998; and the interim results of 
operations and cash flows for the three month and six month periods 
ended March 31, 1998 and 1997.  The condensed consolidated balance sheet 
at September 30, 1997,  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, 1997.  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, 
1997 included in the Company's annual Report on Form 10-K.

The results of operations for the three month and six month periods 
ended March 31, 1998 are not necessarily indicative of the results to be 
expected for the full year.

NOTE 2 - NET INCOME PER COMMON SHARE

In 1997, the Financial Accounting Standards Board issued Statement of 
Financial Accounting Standards No. 128, Earnings Per Share.   Statement 
128 replaced the previously reported primary and fully diluted earnings 
per share with basic and diluted earnings per share.  Unlike primary 
earnings per share, basic earnings per share excludes any dilutive 
effects of options, warrants, and convertible securities.  Diluted 
earnings per share is very similar to the previously reported fully 
diluted earnings per share.  All earnings per share amounts for all 
periods have been presented, and restated where necessary, to conform to 
the Statement 128 requirements.

<PAGE>
The following table sets forth the computation of basic and diluted 
earnings per share:

<TABLE>
<CAPTION>

                                      Three Months Ended                  Six Months Ended
                                           March 31                          March 31
                                      1998            1997             1998             1997

<S>                               <C>                <C>             <C>             <C>
Numerator:
        Net income                $1,798,000         $1,320,000      $ 642,000       $ 576,000
Denominator:
    Denominator for basic  
    Earnings per share -
    Weighted avg. shares           4,253,545          4,136,506      4,241,588       4,136,506

Effect of dilutive securities:
    Employee stock options           169,771            103,121        163,760         103,167
                                    ___________________________________________________

Dilutive potential common shares    -------           --------         -------        -------

Denominator for diluted earnings
    Per share - adjusted 
    Weighted average shares        4,423,316          4,239,627      4,405,348       4,239,673
	And assumed conversions 
                                    ___________________________________________________

Basic earnings per share                $.42               $.32           $.15            $.14
                                    ___________________________________________________

Diluted earnings per share              $.41               $.31           $.15            $.14
                                    ___________________________________________________

<PAGE>
NOTE 3 - YEAR 2000 ISSUES

The Year 2000 issue is the result of computer programs being written 
using two digits rather than four (for example, "97" for 1997) to define 
the applicable year.  Any of the Company's programs that have time-
sensitive software may recognize a date using "00" as the year 1900 
rather than the year 2000.  In some cases, the new date will cause 
computers to stop operating, while in other cases, incorrect output may 
result.  Since the Company is currently in the process of replacing and 
upgrading its computer hardware and software systems to year 2000 
compliant platforms, the Company believes that there is little business 
risk attributable to the Year 2000 issue.

NOTE 4 - ACQUISITIONS

Effective November 20, 1997, the Company acquired certain assets of 
Southeastern Marine Group, Inc. ("Southeastern") which operated a single 
retail store location in Hendersonville, Tennessee. This acquisition 
included boat, motor and trailer inventory, as well as parts and 
accessories inventory of the sellers. The purchase price was $1,741,292 
of which $184,000 was financed by the issuance of notes payable to the 
sellers. 

The acquisition has been accounted for using the purchase method of 
accounting and, accordingly, the operating results of  Southeastern have 
been included in the consolidated financial statements from the date of 
acquisition. The purchase price ($1,741,292) has been allocated to the 
tangible net assets acquired ($1,489,887) based on their respective fair 
values at the date of acquisition. The resulting excess purchase price 
($280,000) was allocated to  noncompete agreements and goodwill.	

Effective December 15, 1997, the Company acquired certain assets of 
Worthen Marine Sales and Service, Inc. ("Worthen") which operated a 
single retail store location in Roswell, Georgia. This acquisition 
included boat, motor and trailer inventory, as well as parts and 
accessories inventory of the seller. The purchase price of $286,666 was 
paid in cash. 

The acquisition has been accounted for using the purchase method of 
accounting and, accordingly, the operating results of  Worthen have been 
included in the consolidated financial statements from the date of 
acquisition. The purchase price ($286,666) has been allocated to the 
tangible net assets acquired ($141,666) based on their respective fair 
values at the date of acquisition. The resulting excess purchase price 
($145,000) was allocated to noncompete agreements and goodwill.

Effective March 15, 1998, the Company acquired certain assets of HnR 
Marine, Inc. ("HnR") which operated a single retail store location in 
Claremore, Oklahoma. This acquisition included boat, motor and trailer 
inventory, as well as parts and accessories inventory of HnR. The 
purchase price of $359,620 was paid in cash. 

The acquisition has been accounted for using the purchase method of 
accounting and, accordingly, the operating results of  HnR have been 
included in the consolidated financial statements from the date of 
acquisition. The purchase price ($359,620) has been allocated to the 
tangible net assets acquired ($284,620) based on their respective fair 
values at the date of acquisition. The resulting excess purchase price 
($75,000) was allocated to noncompete agreements and goodwill.

<PAGE>
NOTE 5 - SUBSEQUENT ACQUISITION

Effective April 23, 1998, the Company acquired certain assets of Moore's 
Marine, Inc. ("Moore's") which operated a single retail store location 
in Bossier City, Louisiana. This acquisition included boat, motor and 
trailer inventory, as well as parts and accessories inventory of 
Moore's. The purchase price of $777,303 was paid in cash.  The purchase 
price includes tangible net assets of $376,303, based upon their 
respective fair values as of the date of acquisition. The resulting 
excess purchase price of $401,000, will be allocable to noncompete 
agreements and goodwill. 


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 23 stores under the name Travis 
Boating Center in Texas, Arkansas, Louisiana, Alabama, Tennessee, 
Mississippi, Florida, Georgia and Oklahoma, 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. 

Travis Boats was incorporated as a Texas corporation in 1979. As used 
herein and unless otherwise required by the context, the terms ''Travis 
Boats'' and the ''Company'' shall mean Travis Boats & Motors, Inc. and 
its direct and indirect subsidiaries. 

Since its founding 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 San 
Antonio, Texas with the construction of a new store facility. The 
Company subsequently made acquisitions of boat retailers operating 
within the Texas markets of 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 1990, Travis Boats 
has opened or acquired additional store locations in the following 
states: Texas (3), Arkansas (2), Louisiana (4), Alabama (2), Tennessee 
(2), Mississippi (1), Florida (2), Georgia (1) and Oklahoma (1).
 
The Company sells approximately 50 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. During fiscal 1997, substantially all of the 
boats sold range in size from 16 to 23 feet at prices ranging from 
$7,500 to $23,000 with gross profit margins between approximately 21% 
and 23%. Approximately 4.5% of new boat sales are personal watercraft 
with retail 
prices generally ranging from $5,000 to $10,000 and approximately 3.2% 
of new boat sales are off-shore fishing boats and cruisers with lengths 
of 27 feet or greater and ranging in retail price from $50,000 to 
$300,000. 

<PAGE>
The Company custom designs and pre-packages combinations of popular 
brand-name boats, such as Larson, Sprint, Pro-Line and Sea Ark boats 
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 
conveniently packaged for immediate enjoyment and competitively priced. 

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. The Company's 
product line generally consists of boat packages priced from $7,500-
$23,000 with approximate even distribution within this price range. As 
the Company continues to operate in Florida and enters other coastal 
type markets along the Gulf of Mexico or the Atlantic coast, management 
believes that the distribution of off-shore fishing boats and cabin 
cruisers will increase as a percentage of net sales.  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. 

Results of Operations

Quarter Ended, March 31, 1998 Compared to the Quarter Ended, March 31, 
1997 and Six Months Ended, March 31, 1998 Compared to the Six Months 
Ended March 31, 1997 

Net sales.   Net sales increased by 37.7% to $33.4 million in the 
second quarter of fiscal 1998 from $24.3 million in the second quarter 
of fiscal 1997. For the six months ended, March 31, 1998, net sales 
increased by 46.6% to $43.6 million from $29.7 million during the same 
period of the prior year.  Of  the increases in net sales, approximately 
$1.7 million and $1.1 million were attributable to a 10.1% and 5.5% 
growth in comparable store sales for the quarter (11 stores in base) and 
six months (10 stores in base) ended March 31 1998, respectively.

General growth in overall sales volume was primarily the result of the 
increased number of stores in operation during the periods (22 vs. 16), 
the participation in additional season opening boat and recreation 
shows, and a favorable mix of Travis Edition boat sales that has 
resulted in a higher average sales price (approximately $15,000  versus 
$13,500 in fiscal 1997).  A primary component in the favorable mix of 
Travis Edition boat packages sold has been the increase in sales of the 
Company's "Blue-water" (off-shore) fishing boats and other Travis 
Edition boating packages introduced during fiscal 1997.  The "Blue-
water" fishing boats, which are typically 25-35 feet in length and 
designed for off-shore use, are generally sold in the Company's store 
locations serving coastal markets such as those store locations  
acquired in Louisiana (1),  Mississippi (1)  and Florida (2) during 
fiscal 1997. As the Company continues to operate in Florida and enters 
other coastal type markets along the Gulf of Mexico or the Atlantic 
coast, management believes that the distribution of off-shore fishing 
boats and cabin cruisers will increase as a percentage of net sales.

<PAGE>
During the quarter and the six months ended March 31, 1998, the Company 
also experienced an increase in net sales related to parts/accessories, 
service labor and used boats. The Company has continued to focus on 
renovating its store base to bring additional store locations to its 
superstore standards.  Inclusive of the four (4) store locations 
recently renovated, the Company has 16 of its 23 locations operating in 
facilities meeting its superstore standards.  These superstore locations 
provide larger and more accessible areas to merchandise and showcase the 
Company's parts/accessory product selection and  conduct repair work on 
boats. Used boat sales have also benefitted from the opening of a new 
used boat superstore location in Heber Springs, Arkansas during the 
March 1998 quarter.  The Company's other used boat superstore, which 
opened in early fiscal 1997, is located on the premises of its Beaumont, 
Texas store location. 

Included within net sales is revenue that the Company earns related to 
F&I Products. The Company, through relationships with various national 
and local lenders, is able to place financing for its customers' boating 
purchases. These lenders allow the Company to ''sell'' the loan at a 
rate higher than a minimum rate established by each such lender and the 
Company earns fees based on the percentage increase in the loan rate 
over the lender's minimum rate. The Company sells these loans without 
recourse except that in certain instances the Company must return the 
fees earned if the customer repays the loan or defaults in the first 
120-180 days.The Company also sells, as a broker, certain types of 
insurance (property/casualty, credit life, disability) and extended 
service contracts. The Company may also sell these products at amounts 
over a minimum established cost and earn income based upon the profit 
over the minimum established cost. Net sales attributable to F&I 
Products contributed $2.1 million, or 6.3%, of net sales in the second 
quarter of fiscal 1998, as compared to $1.2 million or 5.1%, of net 
sales for the second quarter of the prior fiscal year.  For the six 
months ended, March 31, 1998, net sales attributable to F&I Products 
contributed $2.5  million, or 5.7% of net sales, compared to $1.4 
million or 4.8% of net sales, for the same period of the prior year.  
This improvement was primarily due to higher net spreads achieved in the 
placement of customer financing, as well as overall increases in the 
percentage of customers buying these products (which is referred to as 
''sell-through''). This increase was enhanced by the Company's continued 
emphasis on training of F&I employees and achievement of established 
goals. 

Comparable store sales increased by 10.1% for the quarter (11 stores in 
base) and 5.5% for the six months (10 stores in base) ended March 31 
1998, respectively.  In the prior year, comparable store sales increased 
by 3.4% for the quarter (9 stores in base) and 6.3% for the six months 
(6 stores in base) ended March 31 1997, respectively.The Company's 
planned acquisition strategy and subsequent renovation of stores to 
superstore standards is expected to continue to negatively impact the 
number of stores eligible for comparable store base calculations in 
relationship to the total number of store locations operated.  As such, 
comparable store performance is expected to remain unstable until higher 
percentages of the Company's stores are eligible for comparable store 
calculations.

Gross profit.   Gross profit increased by 42.2% to $9.1 million in 
the second quarter of fiscal 1998 from $6.4 million in the same quarter 
of fiscal 1997, while gross profit as a percent of sales increased to 
27.2% from 26.4% during the same periods.  For the six months ended, 
March 31, 1998, gross profit increased 51.3% to $11.7 million from $7.7 
million in the same period of the prior year, while the gross profit as 
a percent of sales increased to 26.9% from 26.1%.  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. 

<PAGE>

The Company generally seeks to further leverage the margin through sales 
of parts/accessories, service labor and F&I Products, all of which 
generally produce gross profit margins in excess of 25%.  During the 
quarter and the six months ended March 31, 1998, the Company's gross 
profit margin was positively impacted by the increased revenues derived 
from the parts/accessory, service labor and used boat sales as discussed 
above in Net Sales.

Net sales attributable to F&I Products, which have a significant impact 
on the gross profit margin, contributed $2.1 million, or 23.2%, of total 
gross profit in the second quarter of fiscal 1998, as compared to $1.2 
million or 19.4%, of total gross profit for the second quarter of the 
prior fiscal year.  For the six months ended, March 31, 1998, net sales 
attributable to F&I Products accounted for $2.5 million, or 21.2% of the 
total gross profit, compared to $1.4 million or 18.3%, 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 45.5% to $5.3 million in second 
quarter of fiscal 1998 from $3.6 million for the second quarter of 
fiscal 1997. Selling, general and administrative expenses as a percent 
of net sales increased to 15.8% in the second quarter of fiscal 1998 
from 15.0% for the second quarter of fiscal 1997. 

Selling, general and administrative expenses in actual dollars increased 
by 55.6% to $9.0 million for the six months ended March 31, 1998, versus 
$5.8 million in the same period of the prior fiscal year. In terms of 
both actual dollars and as a percentage of net sales, the increase in 
selling, general and administrative expenses was primarily attributable 
to increased expenses associated with the operation of a larger store 
network, through growth in the corporate-office staffing infrastructure 
and  increased advertising costs associated with introducing Travis 
Boats and its Travis Edition products into new geographically diverse 
regions.  Rental expense also increased as a percent of net sales as the 
Company expanded and relocated its Corporate headquarters which had 
previously been located in the Austin, Texas superstore facility.  
Opening and other start-up costs associated with the relocation and
renovation of store locations also contributed to the increase in selling,
general and administrative expenses.

Depreciation and amortization expenses.   Depreciation and 
amortization expenses increased by 46.0% to $346,000 in second quarter 
of fiscal 1998 from $237,000 for the second quarter of fiscal 1997. 
Depreciation and amortization expenses as a percent of net sales 
increased to 1.04% in the second quarter of fiscal 1998 from .98% for 
the second quarter of fiscal 1997. 

Depreciation and amortization expenses in actual dollars increased by 
61.3% to $679,000 for the six months ended March 31, 1998, versus 
$421,000 in the same period of the prior fiscal year.

Depreciation and amortization expenses increased in the quarter and for 
the six months ended, March 31, 1998, primarily as a result of the 
acquisitions which occurred  in fiscal 1997 and thus far in fiscal 1998, 
and through the capitalization of costs such as leasehold or building 
improvements associated with the conversion of certain existing stores 
to superstore standards. 

<PAGE>
Interest expense.   Interest expense, in actual dollars, increased 
to $578,000 in second quarter of fiscal 1998 from $415,000 in the second 
quarter of fiscal 1997, while interest expense as a percent of net sales 
remained flat at 1.7% of net sales in the second quarter of both fiscal 
1998 and fiscal 1997.  For the six months ended March 31, 1998, interest 
expense increased to $1.0 million from $629,000 in the same period of 
the prior  year and interest expense as a percent of net sales increased 
to 2.4% from 2.1%.  The increase was primarily the result of the 
additional debt incurred in the acquisitions occuring during fiscal 
fiscal 1998 and 1997 as well as higher balances on the Company's floor 
plan and revolving bank lines necessary to support inventory 
requirements for the larger store network.

Net Income.   The Company experienced a net income of $1.8 million 
for the second quarter of fiscal 1998.  This represents an  increase of 
36.2% from the net income of $1.3 million in the second quarter of 
fiscal 1997.  Net income as a percent of sales remained flat at 5.4% for 
the second quarter of fiscal 1998 and 1997, respectively.  For the six 
months ended, March 31, 1998, net income increased by 11.5% to $642,000 
from $576,000 in the same period of the prior year.  

The improved net income has primarily been the result of the Company 
generating higher net sales levels while attaining higher gross profit 
margins.


<PAGE>
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 March 31, 1998, the Company 
had working capital of $14.2 million, including $9.1 million in accounts 
receivable (primarily contracts in transit from sales) and $57.5 million 
in inventories, offset by approximately $5.6 million of accounts payable 
and accrued liabilities, and $53.5 million in other short-term 
liabilities including revolving/floorplan credit lines outstanding 
($50.9 million) and, unearned income ($2.0).  As of March 31, 1998, the 
aggregate maximum borrowing limits under floor plan and revolving lines 
of credit were approximately $100 million, of which the Company was 
eligible to borrow approximately $24.1 million pursuant to the Company's 
borrowing formula.

Operating activities utilized cash flows of $23.8 million for the first 
six months of fiscal 1998 due primarily to the net increases of $21.3 
million in inventories and $5.2 million in accounts receivable. In 
addition to inventory from the locations acquired since September 30, 
1997, it is during the first and second quarter that the Company builds 
inventory levels to support the selling season which begins with the 
January and February boat shows.  The increased accounts receivable 
levels reported at March 31, 1998 were primarily the result of contracts 
in transit generated from the retail sale of a boat.  Thus, the 
contracts in transit are generally due from financial institutions that 
handle the financing on customer purchases.   

The Company used net cash in investing activities of approximately $4.7 
million in the first six months of fiscal 1998. During the first six 
months of fiscal 1998, the Company acquired substantially all of the 
assets of Southeastern Marine Group, Inc. (net cash used of $1.6 
million), HnR marine, Inc. (net cash used of $0.4 million), Worthen 
Marine Sales and Service, Inc. (net cash used of $0.3 million) and 
funded $1.4 million due to the September 30, 1997 acquisitions of 
Adventure Marine and Outdoor, Inc., Adventure Marine South, Inc. and 
Adventure Boat Brokerage, Inc.  The Company also continued to renovate 
stores to superstore standards amd updated certain facilities with its 
standard superstore trade dress awnings and neon.  The acquisitions 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 six months ended March 31, 1998 provided 
$31.7 million of cash inflows primarily from the net proceeds of 
advances under the Company's revolving and floor plan lines of credit.  
These advances  were used to fund the increase in inventories, as well 
as certain acquisition related and other capital expenditures.  
Effective October 31, 1997, the Company increased its revolving line of 
credit agented by NationsBank of Texas, N.A. from $15.0 million to $55.0 
million.  This 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. This line is renewable on October 31, 1999.  Pricing is at the 
prime rate minus 1.00%, 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 March 31, 1998, $24.5 
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.

<PAGE>
The Company also maintains floor plan lines of credit with various 
finance companies providing approximately $45.0 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 March 
31, 1998, approximately $26.4 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 $57.5 million and $34.4 million as of March 
31, 1998 and September 30, 1997, respectively.  Costs in excess of net 
assets acquired increased by approximately $0.3 million to $5.7 million 
in the first six months of fiscal 1998 due to the acquisitions of the 
additional three store locations thus far in fiscal 1998. 

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 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 fiscal years 1997 and 1996 collectively, 
the average annual net sales for the quarterly periods ended March 31 
and June 30 represented in excess of 27% and 40%, 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 
upcoming selling season which begins with boat and recreation shows 
occurring during January through March 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. 

The Company's business is also significantly affected by weather 
patterns. Weather conditions that are unseasonable or unusual may 
adversely affect the Company's results of operations. For example, 
drought conditions or merely reduced rainfall levels, as well as 
excessive rain, may affect the Company's sales of boating packages and 
related products and accessories. While management believes that the 
Company's quarterly net sales will continue to be impacted by 
seasonality, quarterly results may become less susceptible to certain 
regional weather conditions as expansion occurs throughout the southern 
United States. 

<PAGE>
Quarterly results may fluctuate as a result of the expenses associated 
with new store openings or acquisitions. The Company, prior to fiscal 
1997, had attempted to concentrate expansion during the seasonal 
slowdown generally occurring in the quarter ending December 31. During 
fiscal 1997, the Company modified its acquisition strategy to acquire 
store locations through-out the fiscal year.  This was done to allow the 
Company the opportunity to derive in-season sales from the acquisitions 
as well as to provide a longer period in which to integrate the acquired 
store's operations.  Accordingly, the results for any quarterly period 
may not be indicative of the expected results for any other quarterly 
period. 

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 Report on Form 10-Q, including statements in ''Item 1. Business'', 
and ''Management's Discussion and Analysis of Financial Condition and 
Results of Operations'', are forward-looking statements as that term is 
defined in Section 21E of the Exchange Act that involve a number of 
uncertainties.  The actual results of the future events described in the 
forward-looking statements in this Report on Form 10-Q could differ 
materially from those stated in such forward-looking statements.   Among 
the factors that could cause actual results to differ  materially are: 
general economic conditions, competition and government regulations, as 
well as the risks and uncertainties discussed in the Companies annual 
Report on Form 10-K filed for the Company's 1997 fiscal year, including 
without limitation, the matters discussed in ''Risk Factors'' and the 
uncertainties set forth from time to time in the Company's other public 
reports, filings and public statements.  All forward-looking statements 
in this Report on Form 10-Q are expressly qualified in their entirety by 
the cautionary statements in this paragraph.

<PAGE>

PART II. OTHER INFORMATION
Item 2.
(c) Securities Issued by Registrant
	None

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: May  15, 1998                       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>			6-MOS			12-MOS
<FISCAL YEAR-END>               SEP-30-98               SEP-30-97
[PERIOD-START]			OCT-01-97		OCT-01-96
[PERIOD-END]                    MAR-31-98               SEP-30-97
[CASH]				8,995			5,816
[SECURITIES]                    0                       0
[RECEIVABLES]			9,135			3,915
<ALLOWOWANCES>			0			0
[INVENTORY]                     57,538                  34,450
[CURRENT-ASSETS]                76,906                  44,725
[PP&E]				12,624			11,519
[DEPRECIATION]			3,177			2,750
[TOTAL-ASSETS]			92,367			59,121
[TOTAL-LIABILITIES]             67,334                  35,064
[BONDS]				4,664			5,145
[PREFERRED-MANDATORY]		0			0
[COMMON]                        43                      42
[OTHER-SE]                      24,990                  24,015
[TOTAL-LIABILITY-AND-EQUITY]    92,367                  59,121                                           
[SALES]				43,569			91,309
[TOTAL-REVENUES]                43,569                  91,309
[CGS]                           <31,854>                <67,354>
[TOTAL-COSTS]			<31,854>		<67,354>
[OTHER-EXPENSES]                <8,988>                 <16,475>
[LOSS-PROVISION]                0                       0
[INTEREST-EXPENSE]              <1,039>                 <1,354>
[INCOME-PRETAX]			1,036			6,114
[INCOME-TAX]			<394>			<2,133>
[INCOME-CONTINUING]		642			3,982
[DISCONTINUED]			0			0
[EXTRAORDINARY]			0			0
[CHANGES]                       0                       0 
[NET-INCOME]			642			3,982
[EPS-PRIMARY]			.15			.94
[EPS-DILUTED]			.15			.93


</TABLE>