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 June 30, 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 June 30, 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 June 30, 1997 (Unaudited) and December 31, 1996 .........     3 

      Statement of Operations (Unaudited):

      For the six months ended June 30, 1997 and 1996
      and Cumulative from inception (February 13, 1989) through
      Juneh 30, 1997..................................................    4 

      Statements of Cash Flows (Unaudited): 

      For the six months ended June 30, 1997 and 1996
      and Cumulative from inception (February 13, 1989) through
      June 30, 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)
                             
                                            June 30,         Dec. 31, 
                                              1997             1996 
                                           ---------         --------
                              ASSETS
CURRENT ASSETS
  Cash                                       23,624            27,528
                                           ---------         ---------   
   Total Current Assets                      23,624            27,528
 

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


LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
  Accounts payable                            1,458             1,458
                                           ---------         --------- 
   Total  Liabilities                         1,458             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                       (40,959)          (37,055)
                                           ---------         ---------
      Total  Stockholders' Equity            22,166            26,070


TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   23,624            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 Six Months Ended,           through
                                 Juneh 30,     June 30,            June 30,
                                   1997          1996                1997
                               -----------    -----------       --------------
 
Revenues                              0              0                    0
                               -----------    ------------      -------------- 
                                                               
Costs and Expenses:
  Legal and acct. services        2,466          2,080               25,256
  Stock transfer and promotion      365            265               17,546
  Office and postage                  0            250                3,378
  Amortization                        0              0                1,760
  General and administrative      1,073              0                1,073
                               -----------    -----------       --------------
Total Expenses                    3,904          2,595               49,013

                               -----------    -----------       --------------
Loss from operations             (3,904)        (2,595)             (49,013)
                               -----------    -----------       --------------
Other Income
  Interest income                     0              0                8,054 
                               -----------    -----------       --------------
Net Loss Incurred during
  Development Stage              (3,904)        (2,595)             (40,959)
                               -----------    -----------       --------------

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 Six months ended,   inception (Feb. 13,
                                       June  30,               1989) through
                                   1997          1996          June 30, 1997
                                ----------    ----------    -----------------
Cash flow operating activities
  Net loss                       (3,904)        (2,310)           (40,959)
  Adjustments to reconcile net
    loss to net cash used by
    operating activities:       
      Amortization                    0              0              1,760
      Increase (decrease) in
       accounts payable               0            (60)             1,458
                                ---------     ----------    -----------------
   Net cash provided by (used
    In) operating activities     (3,904)        (2,370)           (37,741)

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                        (3,904)        (2,370)            23,624
                               ----------     ----------    -----------------
 
Cash and cash equivalents
  at beg. of period              27,528         32,208                  0
                               ----------     ----------    -----------------
 
Cash and cash equivalents
  at end of period               23,624         29,838             23,624
                               ----------     ----------    -----------------
                                                   

         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 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 second quarter
         covered by these statements and realized no revenues, although it
         incurred a loss for the quarter of $751.
                                  
Note 3.  Future working capital requirements are dependent on the Company's
         ability to attain profitable operations, to restructure its financ-
         ing 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-
ooking 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 uncertainties
materialize, or should underlying assumptions prove incorrect, 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 corporation. 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
1997 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 June 30, 1997, the Company
had accumulated a deficit (net loss) of $40,959 since inception and had
$23,624 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 June 30, 1997 (second quarter of this year), the
Company had no revenues and did not engage in any active business but
incurred a loss of $751.  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: August 8, 1997
                                  RENEGADE VENTURE CORPORATION
                                  
                                  
                                  
                                  
                                  
                                     /s/ Randy J. Sasaki
                                By...........................................
                                     Randy J. Sasaki, Chief Executive Officer
                                     and Chief Financial Officer