SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C.  20549

                                   FORM 10-QSB


[X]  QUARTERLY  REPORT  PURSUANT  TO  SECTION  13  OR  15D  OF  THE  SECURITIES
     EXCHANGE  ACT  OF  1934

For  The  Quarterly  Period  Ended  June  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  July  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


                         TECFIN  CORPORATION  AND  SUBSIDIARIES
              CONDENSED  CONSOLIDATED  STATEMENT  OF  NET  ASSETS-
                             LIQUIDATION  BASIS

                             ASSETS

                                                JUNE  30,        DECEMBER  31,
                                                 1998              1997
                                              (Unaudited)       (Audited)


Cash  and  cash  equivalent                     $  16,274          $  17,614

Demand  note  receivable-related  party           156,863           150,787
                                                 ---------        ---------
        Total  assets                            $173,137          $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                              $152,030          $147,294
                                              ========          ========


     See  Notes  to  Consolidated  Financial  Statements


                                   2

















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

                  For  the  Six  Months           For  the  Three  Months
                         Ended  June  30,               Ended  June  30,
                     ------------------------      -----------------------
                         1998           1997          1998           1997
                    ------------  ----------      -----------     ---------
Net  assets as of Jan l,    $147,294      $139,315      $ 149,292       $141,783
                           --------      --------      ----------      ---------
Sales  and  operating
   revenues                    6,076         6,076          3,038          3,038
                           --------      --------      ----------      ---------

Cost  and  expenses:
   Selling,  general  and
     administrative           1,340         1,088            300             518
                           --------      --------      ----------      ---------
                              1,340         1,088            300             518
                           --------      --------      ----------      ---------

Income  before
   provision  for
   income taxes               4,736         4,988          2,738           2,520
Provision  for  taxes                           -
                           --------      --------      ---------       ---------
Net income                    4,736         4,988          2,738           2,520
                           --------        --------      ---------    ----------
Net assets as of June 30   $152,030      $144,303      $ 152,030       $ 144,303
                           ========      ========      =========       =========

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

Income  per common share    $   -           $   -         $    -          $    -
                           ========        ========      =========     =========

(A)  -  64,205,721  shares  outstanding  in  all  periods

        See  Notes  To  Consolidated  Financial  Statements

                              3









                TECFIN  CORPORATION  AND  SUBSIDIARIES
        CONSOLIDATED  STATEMENT  OF  CHANGES  IN  STOCKHOLDERS'  EQUITY
                          LIQUIDATION  BASIS

For  Six                                                               Total
Months  Ended              Additional                                 Share-
June  30,        Common    Paid  in        Accumulated     Treasury    holder
1998             Stock     Capital         Deficit        Stock       Equity
------------    -------  -----------     -----------     --------   ----------

Jan  1,  1998     $6,449   $1,079,170      ($935,550)      ($2,775)   $147,294

Net  income                                   4,736                     4,736
                -------  -----------      ---------       --------   --------

Balance
6/30/98         $6,449   $1,079,170     ($930,814)      ($2,775)    $152,030
                ======   ==========     ==========      ========    ========

For  Six
Months  Ended
June  30,  1997
-------------

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

Net  income                                  4,988                      4,988
                ------   ----------     ---------       --------    --------
Balance
6\30\97         $6,449   $1,079,170     ($938,541)      ($2,775)    $144,303
                ======   ==========     ==========      ========    ========












            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  June  30,  1998,  the  consolidated  statements  of  changes  in  net
assets  and  changes  in  stockholders'  equity  for  each  of  the  six  months
ended  June  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  six  months  ended  June  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  audited  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 June 30,
1996,  $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  principle  sum  of  $141,501  bearing
interest  at  8.75%.









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Item  2          MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN
                               OF  OPERATION

RESULTS  OF  OPERATIONS
        The  Company  had  no  significant  operations  for the six months ended
June  30,  1998.
        Analysis  of  Revenue  and  Expenses  is  as  follows:

                                 Six  Months  Ended  June  30,
                                    1998       1997

        Interest  and  other  income   $6,076     $  6,076
                                    =====      =======
        Expenses:
          Other                      1,340       1,088
                                    -----      -------
        Total  expenses               1,340       1,088
                                    ======      =======


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  1996  and  1997 and six months
ended  June  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:/s/ Sanders  H.  Wallick
                                ---------------------------
                                Sanders  H.  Wallick
                                Chairman  and  Chief  Executive  Officer

                                SANDERS  H.  WALLICK

                                by: /s/ Sanders  H.  Wallick
                                ---------------------------
                                Sanders  H.  Wallick
                                Acting  Treasurer  and  Chief  Financial
                                and  Accounting  Officer



DATED:  JULY  28,  1998











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