UNITED  STATES
                   SECURITIES AND EXCHANGE COMMISSION
                           Washington, DC 20549

                                FORM  10 QSB 

(Mark One)

(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.

( )  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
       SECURITIES EXCHANGE ACT OF 1934
     for the transition period from      to 

       commission file number 0-27728


                          CALDERA CORPORATION
        (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)



       FLORIDA                                        59-3243555
       (State of Incorporation)         (IRS Employer ID Number)

444 Seabreeze Avenue, Suite 435, Daytona Beach, Florida  32118
Post Office Box 1632, Daytona Beach, Florida 32115-1632
(Address of principal executive offices and Zip Code)

Registrants telephone number, including area code  904-254-2920

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,
and (2) has been subject to such filing requirements for the past
90 days. (1) Yes X  No      (2) Yes X No

On June 30, 1997, there were 166,250 shares outstanding of the
registrant's common stock, par value $.0025 per share.

     Transitional Small Business Disclosure Format (Check one:
                                             Yes        No   x   

SEC 2334 (3/94)
<PAGE>







CALDERA CORPORATION
(a development Company)

Table of Contents                                      Page No.

PART I  FINANCIAL INFORMATION

Item 1. Financial Statements                               

       Accountants Independent Auditor's Report           3

       Balance Sheet as at June 30, 1997                  4
                      and June 30, 1996

       Income statement for the six months                5
           ended June 30, 1997 and 1996           

       Cash Flows for the six months                      6
       ended June 30, 1997 and 1996             

       Statement of Stockholder's equity for the          7
       year ended December 31, 1996 and the
       six months ended June 30, 1997                        

       Notes to Financial Statements                      8

Item 2.  Plan of Operation.                               10

PART II  OTHER INFORMATION                                10

<PAGE>





















                    Marvin B. Seidman, CPA
     
                  CERTIFIED PUBLIC ACCOUNTANT 

                     8501 S. W. 29th Street
                      Miami, Florida 33155
                           (305) 221-8271


                    INDEPENDENT AUDITOR'S REPORT

To: The Board of Directors
    Caldera Corporation
    Daytona Beach, Florida

I have audited the accompanying balance sheet of CALDERA
CORPORATION ( a development stage Company) as of and June 30,
1997, and the related statements of income and accumulated
earnings, and cash flows for the six months then ended. These
financial statements are the responsibility of the management of
Caldera Corporation.  My responsibility is to express an opinion
on these financial statements based on my audit.

I conducted my audit in accordance with generally accepted
auditing standards.  Those standards require that I plan and
perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement.  An
audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An
audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating
the overall financial statement presentation. I believe that my
audit provides a reasonable basis for my opinion.

In my opinion, the financial statements referred to above present
fairly, in all material respects, the financial position of
Caldera Corporation as of June 30, 1997, and the results of its
operations and cash flows the six months period then ended in
conformity with generally accepted accounting principles.



Marvin B. Seidman, CPA

Certified Public Accountant

July 22, 1997                    
<PAGE>




                      PART I - FINANCIAL INFORMATION
       Item 1. Financial Statements

CALDERA CORPORATION
(a development Company)
BALANCE SHEET
                                                  June  30
                                                1997      1996
                                      ASSETS
CURRENT ASSETS:
    Cash                                      $    0   $ 10,461

FIXED ASSETS:
    Property & Equipment At Cost
    Less Accumulated depreciation of
    $ 0 & $1,530                                   0      4,918   
     
OTHER ASSETS:
    Mining Leases                                         6,875
    Advance Deposits                               0      2,695

  Total  Assets                               $    0   $ 24,949 

               LIABILITIES & STOCKHOLDER'S EQUITY

CURRENT LIABILITIES:
    Accounts Payable                          $    0   $    
    Notes Payable Stockholders                     0     61,577
    Accrued interest on notes                      0      1,386

  Total Current Liabilities                        0     62,963

  OTHER LIABILITIES:
    Mining Lease Dispute                           0     41,560
    Certificate Replacement                        0        100

  Total Other Liabilities                          0     41,660

  STOCKHOLDER'S EQUITY
    Common stock $.0025 par value
    200,000,000 shares authorized
    166,250 shares issued and                     416    41,563
    outstanding 
    Additional paid in capital                 60,149    19,002  
    Accumulated deficit                       (60,565) (140,239)

Total Stockholder's Equity                        0     (79,674)

Total Liabilities & Stockholder's Equity     $    0    $ 24,949

              See notes to financial statements
<PAGE>
CALDERA CORPORATION
(a development Company)
Statement of Income and Accumulated Deficit


                                             For the six  Months
                                                 Ended June 30,
                                                  1997     1996
  Revenues                                    $  -0-    $   -0-


  EXPENSES:

  Selling, General & Administrative Expenses     6,305    10,464

  Legal and Accounting                              0      8,155

  Interest                                       2,102     2,867  

  Depreciation                                     646       536 

  Net  (loss)                                   (9,053)  (22,022) 
   

               (Loss) per share                   (.01)    (.001)


  Accumulated (deficit), as of Dec. 31        (145,536) (118,217) 
  Assumption of Assets & Liabilities   
  by Au International                           94,024
  
  Accumulated (deficit), as of June 30        $(60,565)$(140,239)



                See notes  to financial statements
<PAGE>
















CALDERA CORPORATION
(a development Company)
STATEMENT OF CASH FLOWS


                                       For the Six Months Ended
                                                 June 30    
                                            1997           1996


  CASH FLOWS FROM OPERATING ACTIVITIES:

  Net loss                                 $ (9,053)  $ (22,022)
  
  Adjustments to reconcile net income to
   net cash used by operating activities:   
  Depreciation                                              536

  Changes in Assets & Liabilities

  Accrued Interest                                          271

  Advance Deposits                                        3,955
  
  Payables                                               (1,684)

    Net Cash Used by Operating Activities               (18,944)



  CASH FLOWS FROM FINANCING ACTIVITIES:
  
  Reduction in Loans from shareholders                   (4,244)

  Assumption of Assets & Liabilities   
  by Au International                          8,820
 
    Net Cash Provided By Financing Activities  8,820     (4,244)  
 

  NET CHANGE IN CASH AND CASH EQUIVALENTS    $ (233)   $ (23,188)

  Cash and Cash Equivalents, Beg. of Period     233       33,649  
    

  Cash and Cash Equivalents, End of Period    $  0      $ 10,461 



               See notes to  financial statements
<PAGE>


CALDERA CORPORATION
(a development Company)
STATEMENT OF STOCKHOLDERS' EQUITY

                  FOR THE YEAR ENDED DECEMBER 31, 1996
                      AND THROUGH June 30, 1997

                      Common Stock            Capital in
                      ______________________   Excess of  Accum.
                          Shares     Amount    Par Value  Deficit
                        __________  ________  _________ _________
      
BALANCE
DECEMBER 31, 1995      16,625,000  $41,563  $ 19,002   $(118,217)

Net loss for the period                                  (27,319)
ended December 31, 1996

BALANCE
December 31, 1996      16,625,000  $41,563  $ 19,002   $(145,536)

Reverse Split 6/30/97 (16,458,750) $(41,147)$ 41,147   
 100 to 1

Net loss for the period                                   (9,053)
ended June 30, 1997

Assumption of Assets & Liabilities   
  by Au International                                     94,024

BALANCE  
June 30, 1997             166,250  $   416  $ 60,149    $(60,565)





                      See notes to financial statements
<PAGE>














CALDERA CORPORATION
(a development Company)
NOTES TO FINANCIAL STATEMENTS


NOTE 1 -GENERAL ACCOUNTING POLICIES 
ACCOUNTING FOR GOLD SALES REVENUE - Revenue from the sale of gold
is recognized at the point of sale to the customer.  The Company 
will also deliver the gold at that time and collect the cash.    
Therefore the Company will have no accounts receivable resulting
from the sale of gold.

PROPERTY AND EQUIPMENT - The cost of property and equipment is   
depreciated over the estimated useful lives of the related       
assets.  The estimated useful lives of the office equipment is   
five years.  Depreciation is computed on a straight-line basis   
for financial reporting purposes and on ACRS for income tax      
purposes.

MAINTENANCE AND REPAIRS - Maintenance and repairs are charged to 
operations when incurred.  Improvement and renewals are          
capitalized.  When property and equipment are sold or otherwise  
disposed of, the asset account and related accumulated           
depreciation account are relieved, and any gain or loss is       
included in operations.

VALUATION OF STOCK ISSUED IN NONCASH TRANSACTIONS - Stock issued
in noncash transactions will be valued at current market value.
If no current market value can be established through a
recognized national stock market, assets acquired by issuance of
stock will be valued at the par value of the stock issued.
There is currently no market in the stock.

CARRYING VALUE OF MINING PROPERTIES - All mining properties will
be carried at cost.

PROVISION FOR TAXES - The Company has not made a profit to date  
and is in the development stage with no ascertainable time       
table for profitability, if ever, therefore no provisions have   
been made for taxes or loss carryover benefit under FAS 109      
guidelines.

USE OF ESTIMATES - The preparation of financial statements in    
conformity with generally accepted accounting principals         
requires management to make estimates and assumptions that       
affect the reported amounts of assets and liabilities and        
disclosure of contingent assets and liabilities at the date of   
the financial statements and the reported amounts of revenues    
and expenses during the reporting period.  Actual results could  
differ from these estimates.
<PAGE>


NOTE 2 - PROPERTY AND EQUIPMENT                             

The following is a summary of property and equipment - at cost, 
less accumulated depreciation:

           Office equipment                   $6,448
    Less: Accumulated depreciation            (2,499)
                                              _______
        Total                                 $3,949
                                              =======
The Company incurred $5,239.68 rental expense under
non-cancelable operating leases to date in 1997.  Future minimum
lease payments related to the current lease are as follows:

                       1997                   5,163
                       1998                  10,377 
                       1999                   6,918
                                             -------
                      TOTAL                $ 22,458
                                             =======

NOTE 3 - LEGAL PROCEEDINGS

The Company is currently litigating the State of Alaska's       
determination that the Company had not filed its annual         
assessment affidavit correctly.  The State asserted this        
constituted an abandonment of all of its claims.  This
determination is being contested by the Company.  The Superior
Court found in favor of the State.  The case is now on appeal to
the Alaska Supreme Court.  An unfavorable decision could result
in the loss of the assets related to Alaska mining leases.

Although not currently in litigation; management believes that  
the current owners of the Beluga Mining Company feel that       
Caldera has defaulted on the provisions of an option agreement  
between the two companies by the failure to pay the rental fees 
of Seventy Thousand ($70,000) dollars to the State of Alaska    
for certain mining claims held by Beluga. 

Management does not know of any other potential litigation      
involving the Company which may be filed in the future.

The Company has hired Legal counsel to pursue its disputed      
Alaska mining claims.  Legal counsel at this time can not       
express an opinion as to the outcome of this litigation.        
<PAGE>






               Item 2. Plan of Operation

The Company is currently inactive.  The Company has divested
itself of all assets and liabilities.

Part II Other Information

  Item 1.  Legal Proceedings.

The Company is currently litigating the State of Alaska's  
determination that the Company had not filed its annual    
assessment affidavit correctly.  The State asserted this   
constituted an abandonment of all of its claims.  This
determination is being contested by the Company.  The Superior
Court found in favor of the State.  The case is now on appeal to
the Alaska Supreme Court.  An unfavorable decision could result
in the loss of the assets related to Alaska mining leases.  This
cause of action has been assigned to Au International, a related
company.

Although not currently in litigation; management believes  
that the current owners of the Beluga Mining Company feel  
that Caldera has defaulted on the provisions of an option  
agreement between the two companies by the failure to pay  
the rental fees of Seventy Thousand ($70,000) dollars to   
the State of Alaska for certain mining claims held by      
Beluga. 

Management does not know of any other potential litigation 
involving the Company which may be filed in the future.

The Company has hired legal counsel to pursue its disputed 
Alaska Mining Claims.  Legal counsel at this time can not  
express an opinion as to the outcome of this litigation.   

  Item 2.  Changes in Securities.
               None.

  Item 3.  Defaults Upon Senior Securities.
               None.

  Item 4.  Submission Of Matters to a Vote of Security Holders.
At the annual meeting of shareholders held April 26,              
1997 at Daytona Beach, Florida the shareholders voted:

      a.  To vend out the assets of the Company to Au             
         International, Inc. in return  for the assumption of     
         all of the Company's liabilities by Au International,    
          Inc.  Said vote was by all 11,944,500 shares present.   
<PAGE>   
 


      b.  To elect only three directors.  Said vote was by all    
          11,944,500 shares present.       

       c.  To reverse split the stock 100 to 1 effective date of  
           June 30 1997.  There being 166,250 shares outstanding  
          after the split.  Said vote was by all 11,944,500       
          shares present.       

Thus rendering the Company inactive.

  Item 5.  Other information.

            None

  Item 6.  Exhibits and Reports on Form 8-K (Section 294.308 of
           this chapter).
               None.          


       Pursuant to the requirements of the Exchange Act the
Registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.


               CALDERA CORPORATION



       by       J. Allen Thumser  
               J. Allen Thumser, Treasurer and
               Chief Financial Officer

   Date July 22, 1997