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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM 10-QSB/A

(Mark One)

         [X]      Amendment No. 1 to quarterly report under Section 13 or 15(d)
                  of the Securities Exchange Act of 1934
                  For the Quarterly Period Ended March 31, 1998

         [ ]      Transition report under Section 13 or 15(d) of the Securities
                  Exchange Act of 1934 (No fee required) 
                  For the transitional period from ____________- to ____________

                           Commission File No. 1-13362
                                               -------

                      SENIOR TOUR PLAYERS DEVELOPMENT, INC.
           -----------------------------------------------------------
           (Name of Small Business Issuer as Specified in its Charter)

            Nevada                                     04-3226365
------------------------------           ---------------------------------------
(State or other jurisdiction             (I.R.S. Employer Identification Number)
incorporation or organization)

             822 Boylston Street, Suite 300, Chestnut Hill, MA 02167
             -------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

                                 (617) 266-3600
                ------------------------------------------------
                (Issuer's Telephone Number, Including Area Code)

Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the issuer was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.

Yes  X            No
-------           -------

                    APPLICABLE ONLY TO CORPORATE REGISTRANTS

         State the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practicable date:

                  4,220,791 Shares of Common Stock, as of June 30, 1998

Transitional Small Business Issuer Format (check one):

Yes               No  X
-------           -------



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ITEM 6. EXHIBITS AND REPORTS OF FORM 8-K


(a) EXHIBITS

         By this amendment, the following documents are filed as Exhibits to the
Registrant's Report on Form 10-QSB for the Quarterly Period Ended March 31,
1998.

         Exhibit 10.30 - Merger Agreement with Golf Club Partners L.L.C.
[incorporated by reference to the registrant's definitive proxy statement dated
July 1, 1998 filed on July 2, 1998, under the Securities Exchange Act of 1934,
as amended (File No. 1 - 13362)].

         Exhibit 10.31 - 1998 Key Employee Bonus Plan [filed herewith].


                                   SIGNATURES

         In accordance with the requirements of the Securities Exchange Act of
1934, as amended, the Registrant has caused this Amendment to its Report on Form
10-QSB to be signed on its behalf by the undersigned, thereunto duly authorized.


                                    SENIOR TOUR PLAYERS DEVELOPMENT, INC.


                                    By: /s/Brendan Kissane
                                        ------------------------------------
                                        Brendan Kissane, Controller
                                        (Principal accounting officer)

Dated: August 7, 1998