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 Sept. 30, 1997      Commission File No. 33-30476-D

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

                 NEVADA                           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 Sept. 30, 1997 are as follows:

       Class of Securities                  Shares Outstanding
       -------------------                  ------------------
  Common Stock, $.001 par value                   320,000



                                 INDEX                             Page of
                                                                   Report    
   PART I. FINANCIAL INFORMATION

 Item 1.  Financial Statements.

    Balance Sheets:

    As of Sept. 30, 1997 (Unaudited) and December 31, 1996........     3 

    Statement of Operations (Unaudited):

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

    Statements of Cash Flows (Unaudited): 

    For the nine months ended Sept. 30, 1997 and 1996 and
    Cumulative from inception (February 13, 1989) through
    Sept. 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 (NEV.) CORPORATION
                    (A Development Stage Company)
                          Balance Sheets
                           (Unaudited)        
                                                               
                                                  Sept. 30,         Dec. 31,
                                                     1997             1996
                                                  ---------         --------
                             ASSETS 
CURRENT ASSETS  
  Cash                                              19,402            27,528
                                                  ---------         ---------
   Total Current Assets                             19,402            27,528
 

TOTAL ASSETS                                        19,402            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; 50,000,000
   shares authorized, 320,000 shares    
   issued and outstanding                           63,125            63,125

  Deficit accumulated during the                        
   development stage                               (45,181)          (37,055)
                                                  ---------         ---------
    Total  Stockholders' Equity                     17,944            26,070

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY          19,402            27,528
                                                  =========         =========
                                                  

           See accompanying notes to financial statements. 



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

                                                             
                                                             Cumulative from
                                                                 inception
                                                              (Feb. 13, 1989)
                              For The Nine Months Ended,          through
                                Sept. 30,     Sept. 30,           Sept. 30,
                                  1997          1996                1997
                              -----------    -----------       --------------
Revenues                              0              0                    0
                              -----------    ------------      --------------
                 
Costs and Expenses:  
  Legal and acct. services        2,466          2,663               25,256
  Stock transfer and promotion    3,439            615               20,620  
  Office and postage                  0            538                3,378
  Amortization                        0              0                1,760
  General and administrative      2,221              0                2,221
                             -----------    -----------        -------------
Total Expenses                    8,126          3,816               53,235
                             -----------    -----------        -------------

Loss from operations             (8,126)        (3,816)             (53,235)
                             -----------    -----------        -------------
Other Income 
  Interest income                     0              0                8,054
                             -----------    -----------        -------------

Net Loss Incurred during 
  Development Stage              (8,126)        (3,816)             (45,181)
                             -----------    -----------        --------------

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 (NEV.) CORPORATION 
                (A Development Stage Company)
                   Statements of Cash Flows 
                         (Unaudited)



                                                             
                                                            Cumulative from 
                              For the Nine months ended,  inception (Feb. 13,
                                      Sept.  30,             1989) through
                                  1997          1996          Sept. 30, 1997
                               ----------    ----------     ----------------
Cash flow operating activities
  Net loss                      (4,222)        (3,491)           (45,181) 
  Adjustments to reconcile net
    loss to net cash used by   
    operating activities:
      Amortization                   0              0              1,760
      Increase (decrease) in
        accounts payable             0           (325)             1,458
                                ---------     ----------    -----------------
  Net cash provided by (used
    In) operating activities    (4,222)        (3,816)           (41,963)

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                       (4,222)        (3,816)            19,402
                               ----------     ----------     ----------------
Cash and cash equivalents  
  at beg. of period             23,624         32,148                  0
                               ----------     ----------     ----------------
Cash and cash equivalents  
  at end of period              19,402         28,332             19,402
                               ----------     ----------     ----------------
                 
                                

         See accompanying notes to financial statements.        
                                                                
                                                                
              RENEGADE VENTURE (NEV.) 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 third 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.  On September 22, 1997, the Company was redomiciled to Nevada by
         merging into its wholly owned subsidiary Renegade Venture (Nev.)
         Corporation, a Nevada corporation, which now is the name of the 
         Company. The merger effected a 1:1 stock exchange, where the 320,000
         outstanding shares of common stock, no par value, of Renegade
         Venture Corporation were exchanged for 320,000 shares of the common
         stock, $.001 par value, of the Company. 
                            
Note 6.  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.


     BACKGROUND.  Renegade Venture Corporation was
incorporated in the state of Colorado on February 13, 1989. 
On September 22, 1997, it was redomiciled to the state of 
Nevada by merging into its wholly owned subsidiary Renegade 
Venture (Nev.) Corporation ("Company"), a Nevada corporation,
which now is the name of the Company.  The merger effected a
1:1 stock exchange, where the 320,000 outstanding shares of
common stock, no par value, of Renegade Venture
Corporation were exchanged for 320,000 shares of common
stock, $.001 par value, of the Company.

     The Company is in the development stage in
accordance with Financial Accounting Standards Board
Standard No. 7.  The Company has not been operational,
other than occasionally searching for a business or venture to
acquire, as described below, or had revenues other than
interest income since its inception.  

     On May 4, 1990, the Company completed a small
public offering of its securities made pursuant to a registration
statement of Form S-18, selling 5,000,000 of 7,500,000 units
offered, at the price of $.02 per unit.  In this offering the
Company realized net proceeds of $61,476 on gross proceeds
of $100,000 raised in the offering.  Each unit sold consisted of
TWO shares of common stock of the Company, $.0001 par
value, and ONE Class A Common Stock Purchase Warrant,
exercisable until December 7, 1991, at a price of $.02 to
purchase one share of common stock and one Class B
Common Stock Purchase Warrant.  All of the Class A and
Class B warrants expired without having been exercised.


     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 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 OF THE COMPANY.  The Company's
sole business at this point 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. 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, plan to search
for an operating business or venture which the Company can
acquire, thereby becoming an operating company. There is no
assurance that the Company will be successful in this endeavor
or that any business, venture or assets acquired will be
profitable.


     RESULTS OF OPERATIONS.  During the fiscal
quarter ended September 30, 1997 (the third quarter of the
year), the Company incurred a net loss of $4,222 as
compared to a net loss of $3,491 for the quarter ended
September 30, 1996.  Expenses for the first quarter related
primarily to accounting fees, legal fees and other costs
incurred in regard to the Company's SEC filings.



     LIQUIDITY AND CAPITAL RESOURCES.  The
Company had $19,402 cash on hand at the end of the third
quarter.  The Company has, since inception, accumulated a
deficit (net loss) of $45,181.  The Company had no other 
liquid assets, nor any current plans to raise capital. 
Whether the Company ultimately becomes a going concern
depends upon its success in finding and acquiring a suitable
private business and the success of that acquired business.  At
this time, the Company has no commitment for any capital
expenditure and foresees none.  Offices are provided without
charge to the Company.  However, the Company will incur
routine fees and expenses incident to filing of periodic reports
with the Securities and Exchange Commission, and it will
incur fees and expenses in the event it makes or attempts to
make an acquisition.  As a practical matter, the Company
expects no significant operating costs other than professional
fees payable to attorneys and accountants.

     In regard to a proposed acquisition, the Company
anticipates requiring the target company to deposit with the
Company a retainer which the Company can use to defray
such professional fees and costs.  In this way, the Company
could avoid the need to raise funds for such expenses or
becoming indebted to such professionals.  Moreover,
investigation of business ventures for potential acquisition will
involve some costs, at the least postage and long-distance
telephone charges.  Management hopes, once a candidate
business venture is deemed to be appealing, to likewise secure
a deposit from the business venture to defray expenses of
further investigation, such as air travel and lodging expenses. 
An otherwise desirable business venture may, however,
decline to post such a deposit.

     The Company has no credit available to it and is
unable to borrow money.  Management does not anticipate
raising funds through the sale of securities or otherwise, and it
is unlikely that significant funds could be raised in a securities
offering, in any event.  This inability to raise funds could
negatively affect the Company's realization of its business
purpose.

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 undersigned, thereunto duly
authorized.


DATED: March 9, 1998
                                   RENEGADE VENTURE (NEV>) CORPORATION





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