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 September 30, 1998

 ( ) 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 November 28, 1998 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

                                             SEPTEMBER 30,   DECEMBER 31,
                                                  1998           1997
                                               (Unaudited)    (Audited)
 <S>                                          <C>               <C>

 Cash and cash equivalent                     $ 13,724          $ 17,614

 Demand note receivable-related party          159,901           150,787
                                              ---------        ---------
         Total assets                         $173,625          $168,401
                                              ========         =========

                 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                              $152,518          $147,294
                                              ========          ========
      </TABLE>

      See Notes to Consolidated Financial Statements


                                    2


 <TABLE>
 <CAPTION>

                 TECFIN CORPORATION AND SUBSIDIARIES
          CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS
                          LIQUIDATION BASIS

                          For the Nine Months   For the Three Months
                         Ended September 30,    Ended September 30,
                        --------------------   -----------------------
                            1998       1997          1998        1997
                         ----------  --------     ---------     ---------
 <S>                     <C>       <C>          <C>           <C>
 Net assets as of Jan l, $147,294  $139,315     $ 152,030     $ 144,303
                         --------  --------      ----------   ---------
 Sales and operating
    revenues                9,114     9,114         3,038         3,308
                         --------  --------      ----------   ---------

 Cost and expenses:
    Selling, general and
      administrative        3,890     4,045         2,550         2,957
                          -------    ------      --------     ---------
                            3,890     4,045         2,550         2,957
                          -------  --------      --------     ---------

 Income before
    provision for
    income taxes            5,224     5,069           488            81
 Provision for taxes          -         -               -            -
                         --------  --------     ---------      --------
 Net income                 5,224     5,069           488            81
                         --------  --------     ---------       -------
 Net assets as of Sept30 $152,518  $144,384     $ 152,518      $ 144384
                         ========  ========     =========     =========

 Weighed average number of
    shares outstanding     (A)       (A)           (A)            (A)
                        ========   ========     =========     =========
 Earnings per share (note2)

 Income per common share $   -     $   -        $  -           $   -
                        ========   ========     =========      =========
 </TABLE>
 (A) - 64,205,721 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 Nine
 Months Ended
 Sept 30,,
 1998
 -------------
 <S>             <C>      <C>         <C>          <C>      <C>
 Balance at
 Jan l, 1998     $6,449  $1,079,170  ($935,550)   ($2,775)  $147,294

 Net income                              5,224                 5,224
                 ------  ----------  ----------   -------- ---------
 Balance
 9/30/98         $6,449  $1,079,170  ($930,326)   ($2,775)  $l52,518




 For Nine                                                               Total
 Months Ended
 Sept 30,
 1997                                                                     ------------

 Jan 1, 1997     $6,449  $1,079,170   ($943,529)   ($2,775) $139,315

 Net income                               5,069                5,069
                 ------- -----------  ---------    -------  --------

 Balance
 9/30/97         $6,449  $1,079,170   ($938,460)   ($2,775) $144,384
                 ======  ==========   ==========   ======== ========
 </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 September 30, 1998, the consolidatd statements of changes in net
 assets and changes in stockholders' equity for each of the nine months
 ended September 30, 1998 and 1997.  The financial statements have been
 prepared on the assumption of the liquidation basis of accounting.
        The results of operations for the nine months ended September 30, 1998
 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, 1997.
 Balance sheet at December 31, 1997 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 had been repaid. At March 31, 1997, the notes
 were sold, assigned,and transferred to Apple Chevrolet, a corporation
 owned by Messrs. S H and J Wallick. In consideration Apple Chevrolet
 issued a demand promissory note in the principle 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 nine months ended
 September 30, 1998.
         Analysis of Revenue and Expenses is as follows:
         <TABLE>
         <CAPTION>                   Nine Months Ended Sept 30,
                                     1998       1997
         <S>                         <C>        <C>
         Interest and other income   $9,114     $ 9,114
                                     ======     =======
         Expenses:
           Other                      3,890       4,045
                                     -----      -------
         Total expenses               3,890       4,045
                                     ======      =======
 </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 1999 and 1997 and nine months
 ended September 30, 1998 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 continue in
 existence.

         While Management believes that the Company will be able to continue
 in existence during the twelve month period ending December 31, 1998, 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:  November 28, 1998





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