FORM 10-QSB
 SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20548
  
 (X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15D OF THE SECURITIES
 EXCHANGE ACT OF 1934
  
  For The Quarterly Period Ended March 31, 1999
  
 ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15D OF THE SECURITIES
 EXCHANGE ACT OF 1934
 For the transition period from ___________to___________
  
 Commission File Number -- 0-10926
 TECFIN CORPORATION
 Exact name of registrant as specified in its charter)
 
          Delaware                        11-2552239
  (State or other Jurisdiction          (IRS Employer Identification  Number)
  of Incorporation or Organization )
 
  107 Northern Boulevard, Great Neck, New York          11021
  (Address of principal offices)                          (Zip Code)
  
  (516) 829-3774
  (Registrant's Telephone Number including area code)
  
  Indicate by checkmark 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 the registrant was required to file such reports), and (2) has been
  subject to such filing requirements for the past 90 days.
  
  Yes __X____  No _______
  
  The number of shares outstanding of each of the issuer's classes of common
  shares, as of May 15, 1999 was 64,205,721 shares of Common stock            
  $.0001 par value per share, excluding 285,000 shares held in treasury.
 
  
  
  
  
  
  
 
  
  
  
  
  
  Part I - FINANCIAL INFORMATION
  Item l Financial Statements
  <TABLE>
  <CAPTION>
                           TECFIN CORPORATION AND SUBSIDIARIES
                CONDENSED CONSOLIDATED STATEMENT OF NET ASSETS-
                               LIQUIDATION BASIS
  
                               ASSETS
  
                                                 MARCH 31,   DECEMBER 31,                            
                                                    1999         1998
                                                (Unaudited)    (Audited)
   <S>                                          <C>             <C>
   
   Cash and cash equivalent                     $ 10,747        $ 11,672
  
   Demand note receivable-related party          169,280         164,350
                                               ---------      ---------
           Total assets                         $180,027        $176,022
                                                ========       =========
    
                              LIABILITIES

  Liabilities:
     Income taxes payable                           145             145
     Accrued expenses and other current
       liabilities                               20,962          20,962
                                               --------        --------
       Total liabilities                         21,107          21,107
                                               --------        --------
 
       Net assets                              $158,920        $154,915                           
                                               ========        ========
  </TABLE>
 
           See Notes to Consolidated Financial Statements
  
                                       
  
  
  
  <TABLE>
  <CAPTION>
  
                  TECFIN CORPORATION AND SUBSIDIARIES
          CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS
                           LIQUIDATION BASIS
  
                                For the Three Months
                                  Ended March 3l,
                             ----------------------------                          
                                 1999            1998                           
                             ------------    ------------     
  <S>                        <C>             <C>      
  Net assets as of Jan l,    $154,915        $147,294
                             --------        --------
  Sales and operating 
     revenues                   4,930           3,038
                             --------        --------
  
  Cost and expenses:
     Selling, general and 
       administrative             925           1,040
                             --------        --------
                                  925           1,040   
                             --------        --------    
                             
  Income before 
     provision for
     income taxes               4,005           1,998
 
  Provision for taxes             -               -
                             --------        --------
  Net income                    4,005           1,998 
                             --------        --------
  Net assets as of March 31  $158,920        $149,202
                             ========        ========     
                           
  Weighed average number of
     shares outstanding         (A)            (A)
                             ========        ========
  Earnings per share (note2)
  
  Income per common share    $   -           $   -
                             ========        ========
  </TABLE>
  (A) - 64,205,771 shares outstanding in all periods
  
          See Notes To Consolidated Financial Statements
  
                                3
  
  
  
  
  <TABLE>
  <CAPTION>
                  TECFIN CORPORATION AND SUBSIDIARIES
          CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                           LIQUIDATION BASIS
  
  
  
 
  
  For Three
  Months Ended             Additional                               Total
  March 31,        Common   Paid-in   Accumulated  Treasury  Shareholders 
  1999             Stock    Capital     Deficit     Stock         Equity
  -------------   -------\\tab  ---------\\tab -----------  -------- 
  <S>             <C>      <C>          <C>          <C>        <C>    
  Balance at
  Jan l, 1999     $6,449  $1,079,170   ($943,529)    ($2,775)   $154,915
  
  Net income                               4,005                   4,005   
                  ------  ----------    ----------    --------   --------                               
  Balance
  3/31/99         $6,449  $1,079,170   ($939,524)    ($2,775)   $158,920

  


  For Three                                                             
  Months Ended                  
  March 31,       
  1998            
  ------------       
                                                      
  Jan 1, 1998     $6,449   $1,079,170  ($935,550)    ($2,775)   $147,294
  
  Net income                               1,998                   1,998        
                  ------- -----------  ----------     --------   -------
  
  Balance
  3/31/98         $6,449   $1,079,170  ($933,552)    ($2,775)   $135,908
                  ======   ==========  ==========    ========   ========
  </TABLE>
  
                See Notes To Consolidated Financial Statements
  
                                    4
  
  
  
  
  
  
              NOTE TO CONSOLIDATED FINANCIAL STATEMENTS
  
          Note 1 - Basis of Condensed Information
 
          In the opinion of the Company, the accompanying unaudited 
  condensed financial statements contain all adjustments, consisting 
  only of normal recurring accruals, necessary to present fairly the 
  consolidated statement of net assets of the Company and its   subsidiaries as 
of March 31, 1999, the consolidatd statements of  changes in net assets and   
changes in stockholders' equity for each of  the three months ended March 31,
 1999 and 1998.  The financial  statements have been prepared on the
 assumption of the liquidation  basis of accounting.
          The results of operations for the three months ended March 31, 
  1999 are not necessarily indicative of the results to be expected for the
 full year.
  
          Certain information and note disclosures normally included in 
  financial statements prepared in accordance with generally accepted
  accounting principles have been condensed or omitted.  The condensed
  financial statements should be read in conjunction with the financial
  statements and notes thereto included in the Company's Form 10-KSB
  Annual Report for its fiscal year ended December 31, 1998.
  Balance sheet at December 31, 1998 contained in this report has been 
  derived from the Company's auditd consolidated balance sheet included  in
  such Form 10-KSB.
 
          Note 2 - Earnings per share
  
          Primary income per share is based on the weighted average  number
  of shares outstanding during each period.
  
          Note 3 - Related parties transactions
  
          In November 1991, the Company loaned $200,000 to an affiliated
  Company which are demand notes bearing interest at 10%.  An additional
  $100,000 was loaned in June 1994 with interest at 8%.  Through March   31,
 1997, $158,499 has been repaid. At March 31,1997, the notes were  sold,
 assigned and transferred to Apple Chevrolet, Inc, a corporation  owned by
 Messrs. S H and J Wallick. In consideration Apple Chevrolet  issued a 
  demand promissory note in the principal sum of $141,501 bearing  interest
  at 8.75%. 
  
          
  
  
                                   5
 
  
  Item 2          MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN
                                 OF OPERATION
  
  RESULTS OF OPERATIONS
          The Company had no significant operations for the three months
  ended March 31, 1999.
          Analysis of Revenue and Expenses is as follows:
          <TABLE>
          <CAPTION>                   Three Months Ended March 31,
                                      1999       1998       
          <S>                         <C>        <C>       
          Interest and other income   $4,930     $3,038 
                                      =====      =======  
          Expenses:
            Other                        925       1,040   
                                      ------      -------   
          Total expenses                 925        1,040    
                                     =======      =======   
  </TABLE>
  
  LIQUIDITY AND CAPITAL RESOURCES
          The Company is in a limited liquidity and capital resources
  position.  Such position is principally due to the defaults appertaining to
(i) two substantial equipment leases which defaults took place in 1990 and
 1991; and (ii) the default in the sub-lease of the  premises 275  Northern
 Boulevard, Great Neck, N.Y.
         The lack of new business in fiscal 1998 and 1997 and three months
 ended March 31, 1999 and cash flows results in such periods were  additional
 adverse factors that contributed to the Company's present  liquidity and
 capital resources position; the substantial improvement  of which positions
 are presently substantially dependent upon the realization by the Company of
 monies owing to it from the defaulting  parties concerned as well as upon
 the ability of the Company to  generate new and profitable business
          The Company presently does not have any specific plans in mind
 which would materially change favorably either(i) its short term or long
 term liquidity (i.e., ability to generate adequate amounts of cash to meet
 its needs for cash ) or (ii) its capital resources position (i.e., source of
 funds).  Furthermore, there are no trends or events known to Management that
 will result in, or that are reasonably likely to result in, the Company's
 liquidity increasing in any material way in the foreseeable future.  
     The present limited liquidity and capital resources position of the
  Company will necessarily adversely affect:  the financial condition of the
 Company; its ability to enter into new lease financing and brokerage 
 arrangements, which line of business has been the Company's principal source
 of revenues since 1986; its prospects for the future; and its ability to con
 tinue in existence.
  
           While Management believes that the Company will be able to
 continue in existence during the twelve month period ending December 31,
 1999, there can be no assurance that the Company will be able to generate
 sufficient cash to remain in existence thereafter.
  
                                          6
 
  
  PART II - OTHER INFORMATION
  
  Item 6 - EXHIBITS AND REPORTS ON FORM 8K
  
          (b) No reports on Form 8K were filed during the quarter for 
              which this report is filed.
  
  
  
                          SIGNATURES
  
          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.
  
                                  TECFIN CORPORATION
  
                                  SANDERS H. WALLICK
  
                                  by:
                                  Sanders H. Wallick
                                  Sanders H. Wallick
                                  Chairman and Chief Executive Officer
  
                                  SANDERS H. WALLICK
  
                                  Sanders H. Wallick
                                  Sanders H. Wallick
                                  Acting Treasurer and Chief Financial
                                 and Accounting Officer
  
  
  
  DATED:  MAY 15, 1999
  
  
                                
  
  
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