SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C.  20549


                              FORM 10-QSB



          Quarterly Report Pursuant to Section 13 or 15(d) of
                  the Securities Exchange Act of 1934


    For Quarter Ended March 31, 1997      Commission File No. 33-30476-D


                     RENEGADE VENTURE CORPORATION
        (Exact name of Registrant as specified in its charter)


                 COLORADO                           84-1108499
      (State or other jurisdiction of      (I.R.S. Empl. Ident. No.)
      incorporation or organization)


       90 Madison Street, Suite 707
             Denver, Colorado                         80206
 (Address of Principal Executive Offices)           (Zip Code)


                            (303) 355-3000
         (Registrant's Telephone Number, including Area Code)


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 (or such shorter period that the
Registrant was required to file such reports), and (2) has been subject to
such filing to such filing requirements for at least the past 90 days.

                     Yes              No   X  

The number of shares outstanding of each of the Registrant's classes of
common equity, as of March 31, 1997 are as follows:


           Class of Securities                  Shares Outstanding
           -------------------                  ------------------
        Common Stock, no par value                   320,000






                                 INDEX
                                                                     Page of
                                                                     Report 

      PART I. FINANCIAL INFORMATION


Item 1.  Financial Statements.

      Balance Sheets:

      As of March 31, 1997 (Unaudited) and December 31, 1996 .........     3

      Statement of Operations (Unaudited):

      For the three months ended March 31, 1997 and 1996
      and Cumulative from inception (February 13, 1989) through
      March 31, 1997..................................................     4

      Statements of Cash Flows (Unaudited): 

      For the three months ended March 31, 1997 and 1996
      and Cumulative from inception (February 13, 1989) through
      March 31, 1997..................................................     5

      Notes to Financial Statements (Unaudited) ......................     6


Item 2.  Management's Discussion and Analysis or Plan of Operation ...     7


      PART II.     OTHER INFORMATION


Item 6.  Exhibits and Reports on Form 8-K ............................     7


      Signatures .....................................................     8




                      RENEGADE VENTURE CORPORATION
                      (A Development Stage Company)
                             Balance Sheets
                               (Unaudited)
                             
                                               March 31,         Dec. 31,
                                                  1997              1996
                                               ---------         -------- 
                            ASSETS
    
CURRENT ASSETS
  Cash                                           26,275            27,528
                                               ---------         --------- 
   Total Current Assets                          26,275            27,528


TOTAL ASSETS                                     26,275            27,528
                                               =========         =========


LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
  Accounts payable                                3,358             1,458
                                               ---------         ---------
    Total  Liabilities                            3,358             1,458



STOCKHOLDERS' EQUITY

  Common stock, no par value; 3,000,000            
    shares authorized, 320,000 shares
    issued and outstanding                       63,125            63,125
  Deficit accumulated during the                           
    development stage                           (40,208)          (37,055)
                                               ---------         ---------
    Total  Stockholders' Equity                  22,917            26,070



TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY       26,275            27,528
                                               =========         =========
                                                  

           See accompanying notes to financial statements.



                    RENEGADE VENTURE CORPORATION
                    (A Development Stage Company)
                      Statement of Operations 
                           (Unaudited)               


                                                              Cumulative from
                                                                 inception
                                                              (Feb. 13, 1989)
                              For The Three Months Ended,          through
                                March 31,     March 31,            March 31,
                                  1997          1996                 1997
                              -----------    -----------       --------------

Revenues                              0              0                    0
                              -----------    ------------      --------------
                                                               

Costs and Expenses:
  Legal and acct. services        1,900          1,880               24,690
  Stock transfer and promotion      180            180               17,361
  Office and postage                  0            250                3,378
  Amortization                        0              0                1,760
  General and administrative      1,073              0                1,073
                              -----------    -----------       --------------
Total Expenses                    3,153          2,310               48,262


                              -----------    -----------       --------------
Loss from operations             (3,153)        (2,310)             (48,261)
                              -----------    -----------       --------------

Other Income
  Interest income                     0              0                8,054

                              -----------    -----------       --------------
Net Loss Incurred during
  Development Stage              (3,153)        (2,310)             (40,207)
                              -----------    -----------       --------------
                                                                     
Net Loss per common share          (.01)          (.01)          
                              -----------    -----------   

Weighted average shares 
  outstanding                   320,000        320,000      
                              -----------    -----------
                                                                     
Dividends declared per common         -              -
                              -----------    -----------

                                                                     
              See accompanying notes to financial statements.



                    RENEGADE VENTURE CORPORATION
                    (A Development Stage Company)
                      Statements of Cash Flows
                             (Unaudited)



                                                              Cumulative from
                              For the Three months ended,  inception (Feb. 13,
                                       March  31,              1989) through
                                   1997          1996          March 31, 1997
                                ----------    ----------    -----------------
Cash flow operating activities
  Net loss                       (3,153)        (2,310)           (40,208)
  Adjustments to reconcile net
    loss to net cash used by
    operating activities:       
    Amortization                      0              0              1,760
    Increase (decrease) in
      accounts payable            1,900            (60)             3,358
                                ---------     ----------    -----------------
  Net cash provided by (used
    In) operating activities     (1,253)        (2,370)           (35,090)

                                                                     
Cash flow from investing
  activities
    Net cash provided by
      investing activities            0              0             (1,760)
                                ---------     ----------    -----------------

Cash flows from financing
  activities
    Net cash provided by
      financing activities            0              0             63,125
                               ----------     ----------    -----------------
                                                                
Net increase (decrease)
  in cash                        (1,253)        (2,370)            26,275
                               ----------     ----------    -----------------

Cash and cash equivalents
  at beg. of period              27,528         32,208                  0
                               ----------     ----------    -----------------

Cash and cash equivalents
  at end of period               26,275         29,838             26,275
                               ----------     ----------    -----------------
                                                                     
                                                                     
           See accompanying notes to financial statements.
                                  
                                  
                                  
                                  
                                  
                    RENEGADE VENTURE CORPORATION
                    (A Development Stage Company)
              Notes to Financial Statements (Unaudited)
                                  
                                  
                                  
Note 1.  Renegade Venture Corporation ("Company") was incorporated in the
         State of Colorado on February 13, 1989. The Company was to obtain
         funding from a public offering in order to provide a vehicle to
         acquire or engage in one or more business opportunities believed by
         management to have a potential for profitability.  The accompanying
         unaudited financial statements of the Company have been prepared on
         the accrual basis and in accordance with the instructions to Form
         10-QSB and do not include all of the information and footnotes
         required by generally accepted accounting principles for complete
         financial statements. In the opinion of management, all adjustments
         (consisting of normal recurring accruals) considered necessary for a
         fair presentation have been included. These financial statements
         should be read in conjunction with the financial statements and
         notes thereto included in the Company's annual report on Form 10-KSB
         for the fiscal year ended December 31, 1996. 
                                     
Note 2.  During the fiscal year ended December 31, 1996, the Company incurred
         a net loss of $5,753 and, as of that date, had accumulated a deficit
         of $37,055. The Company had no operations during the first quarter
         covered by these statements and realized no revenues, although it
         incurred a loss for the quarter of $3,153.
                                  
Note 3.  Future working capital requirements are dependent on the Company's
         ability to attain profitable operations, to restructure its
         financing arrangements or capital structure, and to obtain financing
         or new capital as required. It is not possible at this time to
         predict the outcome of future operations, restructuring efforts,
         or whether the necessary alternative financing can be arranged.
                                  
Note 4.  Subsequent to quarter ended June 30, 1996, the Company's share-
         holders approved at a special meeting an amendment to the Company's
         certificate of incorporation which effected a 1-for-100 reverse
         split (combination) of the Company's Common Stock and, in conjunc-
         tion with such combination, an increase in the number of authorized
         shares and eliminate the $.0001 per share par value of the common
         shares, changing them to shares without par value. As a result of
         the reverse split, the 32,000,000  common shares of the Company,
         $.0001 par value, issued and outstanding prior to the reverse split
         were changed into 320,000 common shares without par value.  No
         preferred shares are issued or outstanding.  Following the reverse
         split and amendment to the articles of incorporation, the Company's
         articles of incorporation authorize the issuance of 50,000,000
         shares of common stock without par value and 15,000,000 preferred
         shares without par value.
                                  
Note 5.  Loss per common share is based on the weighted average number of
         common shares outstanding during the period.


                                  
                                  
Item 2.  Management's Discussion and Analysis or Plan of Operation.
                                  
                                  
         FORWARD LOOKING STATEMENTS
                                  
           This report contains certain forward-looking statements and
         information relating to the Company that are based on the beliefs
         of its management as well as assumptions made by and information
         currently available to its management.  When used in this report,
         the words "anticipate", "believe", "estimate", "expect", "intend",
         "plan" and similar expressions, as they relate to the Company or its
         management, are intended to identify forward-looking statements.
         These statements reflect management's current view of the company
         with respect to future events and are subject to certain risks,
         uncertainties and assumptions. Should any of these risks or uncer-
         tainties materialize, or should underlying assumptions prove in-
         correct, actual results may vary materially from those described in
         this report as anticipated, estimated or expected.  The Company's
         realization of its business aims will depend in the near future
         principally on the successful completion of its acquisition of
         operations as discussed below.
                                  
         BUSINESS
                                  
           Renegade Venture Corporation, a Colorado corporation ("Company"),
         is in the development stage in accordance with Financial Accounting
         Standards Board Standard No. 7.  The Company has not had active
         business operations or significant revenues since inception, other
         than occasionally searching for a business or venture to acquire as
         described below.
                                  
           The Company has no operations or source of revenues. The Company's
         business plan at this time is to seek to acquire assets of or an
         interest in a small to medium-size company or venture actively
         engaged in a business generating revenues or having immediate
         prospects of generating revenues and to thereby become operational.
         The Company plans to acquire such assets or shares by exchanging
         therefor the Company's securities. In order to avoid becoming
         subject to regulation under the Investment Company Act of 1940, as
         amended, the Company does not intend to enter into any transaction
         involving the purchase of another corporation's stock unless the
         Company can acquire at least a majority interest in that corpora-
         tion. The Company has not identified any industry, segment within
         an industry or type of business, nor geographic area, in which it
         will concentrate its efforts, and any assets or interest acquired
         may be in any industry or location, anywhere in the world. The
         Company will give preference to profitable companies or ventures
         with a significant asset base sufficient to support a listing on a
         national securities exchange or quotation on the NASDAQ system.
         Members of the Company's management, all of whom are devoting part
         time to the Company's affairs, will conduct the Company's search for
         an operating business or venture to acquire. There is no assurance
         that the Company will be successful in this endeavor or that any
         business, venture or assets acquired will be profitable.
                                  
         LIQUIDITY AND CAPITAL RESOURCES
                                  
           The Company did not realize any cash from equity financing
         activities in 1996 and has no line of credit or similar credit 
         facility available to it. However, the Company currently pays no
         salaries or rent, has little in the way of general or administrative
         overhead expenses, and has and will have no material capital
         commitments unless and until it is able to acquire a business or
         assets. The Company has little in the way of expenses, therefore,
         except for legal, accounting and other expenses related to filing of
         reports with the Securities and Exchange Commission. As of March 31,
         1997, the Company had accumulated a deficit (net loss) of $40,207
         since inception and had $26,275 cash on hand or other significant
         assets. The Company believes that cash on hand will be sufficient to
         cover its out-of-pocket expenses for at least the next twelve months.
                                  
         RESULTS OF OPERATIONS
                                  
           During the quarter ended March 31, 1997 (first quarter of this
         year), the Company had no revenues and did not engage in any active
         business but incurred a loss of $3,153. Expenses for this period
         primarily related to accounting fees and costs related to Securities
         and Exchange Commission filings.
                                  
                                  
                                  
Item 6.  Exhibits and Reports on Form 8-K.
                                  
      (a)     Exhibits.  Exhibit 27 - Financial Data Schedule.
                                  
      (b)     Reports on Form 8-K.  NONE
                                  
                                  
                                  
                                  
              
                             SIGNATURES
                                  
                                  
  In accordance with the requirements of the Exchange Act, the Registrant
caused this Report on Form 10-QSB to be signed on its behalf by the under-
signed, thereunto duly authorized.
                                  
                                  
DATED: May 8, 1997
                                  RENEGADE VENTURE CORPORATION
                                  
                                  
                                  
                                  
                                  
                              /s/ Randy J. Sasaki

                               By.........................................
                                  Randy J. Sasaki, Chief Executive Officer
                                  and Chief Financial Officer