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 September 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 24-2472-A


                          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.  
                                             Yes       No  X    

on September 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)






CALDERA CORPORATION
(a development Company)

table of contents                                        Page No.

PART I  FINANCIAL INFORMATION

Item 1. Financial Statements (unaudited)

       Balance Sheet as at September 30, 1997                2
                      and September 30, 1996

       Income statement for the nine months                       
  ended September 30, 1997 and 1996                     3

       Cash Flows for the nine months
           ended September 30, 1997 and 1996                 4

       Statement of Stockholder's equity for the
       year ended December 31, 1996 and the
       Nine months ended September 30, 1997                  5

       Notes to Financial Statements                        6-8

Item 2.  Plan of Operation.                                  8

PART II  OTHER INFORMATION                                   8



























                      PART I - FINANCIAL INFORMATION
       Item 1. Financial Statements (Unaudited)


CALDERA CORPORATION
(a development Company)
BALANCE SHEET
                                                September  30
                                                1997      1996
                                      ASSETS
CURRENT ASSETS:
    Cash                                      $   0      $ 716

FIXED ASSETS:
    Property & Equipment At Cost
    Less Accumulated depreciation of
    $ 0 & $1,853                                   0      4,595   
     
OTHER ASSETS:
    Mining Leases                                         6,875
    Advance Deposits                               0      1,816

  Total  Assets                               $    0   $ 14,002 

               LIABILITIES & STOCKHOLDER'S EQUITY

CURRENT LIABILITIES:
    Accounts Payable                          $    0   $    0
    Notes Payable Stockholders                     0     51,104
    Accrued interest on notes                      0      2,536

  Total Current Liabilities                        0     53,640

  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) (141,863)

Total Stockholder's Equity                        0     (81,298)

Total Liabilities & Stockholder's Equity     $    0    $ 14,002

                              See notes to financial statements


CALDERA CORPORATION
(a development Company)
Statement of Income and Accumulated Deficit
(Unaudited)

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


  EXPENSES:

  Selling, General & Administrative Expenses     6,305    13,492

  Legal and Accounting                              0      5,278

  Interest                                       2,102      4,017 

  Depreciation                                     646       859 

  Net  (loss)                                   (9,053)  (23,646) 
   

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


  Accumulated (deficit), as of Dec. 31        (145,536) (118,217) 
  Assumption of Assets & Liabilities   
  by AU International                           94,024
  
  Accumulated (deficit), as of September 30   $(60,565)$(141,863)



                              See notes  to financial statements




















CALDERA CORPORATION
(a development Company)
STATEMENT OF CASH FLOWS
(Unaudited)

                                       For the Nine Months Ended
                                               September 30    
                                            1997           1996


  CASH FLOWS FROM OPERATING ACTIVITIES:

  Net loss                                 $ (9,053)  $ (23,646)
  
  Adjustments to reconcile net income to
   net cash used by operating activities:   
  Depreciation                                              859

  Changes in Assets & Liabilities

  Accrued Interest                                        1,140

  Advance Deposits                                        4,834
  
  Plant & Equipment                                      (1,403)

    Net Cash Used by Operating Activities               (18,216)



  CASH FLOWS FROM FINANCING ACTIVITIES:
  
  Reduction in Loans from shareholders                  (14,717)

  Assumption of Assets & Liabilities   
  by AU International                          8,820
 
    Net Cash Provided By Financing Activities   8,820    (14,717) 
  

  NET CHANGE IN CASH AND CASH EQUIVALENTS    $ (233)   $(32,933)

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

  Cash and Cash Equivalents, End of Period    $  0      $   716 



               See notes to  financial statements



CALDERA CORPORATION
(a development Company)
STATEMENT OF STOCKHOLDERS' EQUITY
(Unaudited)
                  FOR THE YEAR ENDED DECEMBER 31, 1996
                      AND THROUGH September 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 September 30, 1997

Assumption of Assets & Liabilities   
  by AU International                                     94,024

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





                      See notes to financial statements




















CALDERA CORPORATION
(a development Company)
NOTES TO FINANCIAL STATEMENTS
( Unaudited)

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.




NOTE 2 - PROPERTY AND EQUIPMENT                             

The following is a summary of property and equipment - at cost, 
less accumulated depreciation:(prior to transfer to AU  
International)

           Office equipment                   $6,448
    Less: Accumulated depreciation            (2,822)
                                              _______
        Total                                 $3,626
                                              =======
The Company incurred $5,239 rental expense under non-cancelable   
operating leases to date in 1997. No additional payments are
anticipated.

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.

The Company is currently inactive. The Company has divested
itself of all assets and liabilities.  The results of any
litigation if unfavorable will be born by Au International, Inc..

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 results of any litigation if unfavorable will be born by Au
International, Inc..


               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.

The Company is currently inactive. The Company has divested
itself of all assets and liabilities.  The results of any
litigation if unfavorable will be born by Au International, Inc..

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 results of any litigation if unfavorable will be born by Au
International, Inc..

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.
At the annual meeting of shareholders held April 26,              
1997 at Daytona Beach, Florida the shareholders voted:

      a.  To vend out the asssets of the Company to AU            
          International, Inc. in return  for the assumption of    
          all of the Company's liabilites by Au International,    
          Inc.  Said vote was by all 11,944,500 shares present.   
   
       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.       

  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 asssets of the Company to AU            
          International, Inc. in return  for the assumption of    
          all of the Company's liabilites by Au International,    
          Inc.  Said vote was by all 11,944,500 shares present.   
   
       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.          
Signature

       Pursuant to the requirements of the Securities Act of 1934
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 November 15, 1997