U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549

FORM 10-QSB


Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 
1934

For the quarterly period ended December 31, 1996      

Commission File Number 333-588-NY 

                      TRANSPACIFIC INTERNATIONAL GROUP 
CORP.                        
(Name of Small Business Issuer in Its Charter)

       Nevada                               11-3860760      
(State of Incorporation)                      (IRS 
Identification                                                   Number)

347 Fifth Ave., Suite 1507, New York, NY              10016        
(Address of principal executive offices)               (Zip Code)

                    (212) 213-6908                                
      (Issuer's telephone number, including area code)


     Check whether the issuer: (1) filed all reports required to be filed by 
Section 13 or 15(d) of the Exchange Act 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       No   X     


     As of December 31, 1996 there were 97,000 shares of the issuer's common 
stock, $.0001 par value per share, issued and outstanding.

<PAGE>
TRANSPACIFIC INTERNATIONAL GROUP CORP.
FORM 10-QSB
DECEMBER 31, 1996






INDEX



                    
                                                     PAGE

PART I - FINANCIAL INFORMATION              

 Item I - FINANCIAL STATEMENTS (UNAUDITED)
      
     Balance Sheet - 
     December 31, 1996                                         

     Statements of Operations  
      Three Months Ended December 31, 1996                                 
     Statements of Cash Flows
      Three Months Ended December 31, 1996                      

     Notes to Financial Statements                          

Item II - MANAGEMENT'S DISCUSSION AND ANALYSIS
     AND PLAN OF OPERATION                               
<PAGE>
TRANSPACIFIC INTERNATIONAL GROUP CORP.
FORM 10-QSB
DECEMBER 31, 1996





PART I

FINANCIAL INFORMATION




Item 1.  Financial Statements


<PAGE>
TRANSPACIFIC INTERNATIONAL GROUP CORP.
(A Development Stage Company)
BALANCE SHEET
AS OF December 31, 1996


ASSETS

CURRENT ASSETS

Cash                                              2,744
                                                            
     Total Current Assets                         2,744

OTHER ASSETS
Organization costs                                  0
Deferred offering costs                             0 
                                                            
     Total Other Assets                             0

               TOTAL ASSETS                        2,744
                                                                   

CURRENT LIABILITIES
Accounts payable                                     0
                                                            
     Total Current Liabilities                       0

STOCKHOLDER'S EQUITY
Common Stock$.0001 par value, 
20 million shares authorized,
 97,000 shares issued and outstanding                  10
Paid in Capital (Note 2)                           24,997
Deficit accumulated during
the development stage                             (22,263)
                                                           
                                                    2,744

     Total Liabilities and Equity                   2,744
                                                           


See accompanying independent accountant's report
and notes to the financial statements

TRANSPACIFIC INTERNATIONAL GROUP CORP.
(A Development Stage Company)
STATEMENT OF OPERATIONS & DEFICIT ACCUMULATED
DURING THE DEVELOPMENT STATE
Three months ended December 31, 1996 and 
the Period from October 9, 1995 (Date of Inception)
To December 31, 1996
                                        Three months       October 9,
                                        Ended                  1995
                                        December 31,      (Inception) to
                                        1996               December 31, 
                                                            1996
Operating Income:
Revenues                                     0                0
Interest Income                             14               202
Cost of revenues                            0                  0
                                                    
Gross profit                                14               202

Operating expenses:
General & administrative expenses           0                  0
Professional fees(Schedule 1)               0             22,465
                                                                                
        
Operating income (loss)                    14             (22,263)

Non operating (income) expenses:
Depreciation                                0                   0
Amortization                                0                   0
Interest & bank charges                     0                   0
                                                                                
       
Income (loss) before taxes                 14              (22,263)

Provision for income taxes                  0                   0
                                                                                
      
Net income (loss)                          14              (22,263)

Deficit accumulated during development stage
beginning through September 30, 1996     (22,277)           (22,263)

Deficit accumulated during 
development stage
beginning through 
December 31, 1996 - end                        
                                         (22,263)                 0

# of common shares outstanding
from date of inception                     97,000               97,000
See accompanying independent accountant's report and notes to the financial 
statements
<PAGE>
TRANSPACIFIC INTERNATIONAL GROUP CORP.
(A Development Stage Company)
STATEMENT OF CHANGE IN STOCKHOLDERS' EQUITY
Three months ended December 31, 1996, 
and the Period from October 9, 1995 (Date of Inception)
to December 31, 1996


                                             Additional     Total
                                               Paid-in    Stockholders'
                                   Shares     Capital      Equity     

Issuance of common stock
     Nov-29-1995                   86,000    22,171      22,171

Issuance of common stock
     Nov-29-1995                   11,000     2,836       2,836
                                                                                
                                   97,000    25,007      25,007

Deficit accumulated during the
development stage for amounts
applicable to the statement of 
operations                                  (22,263)      (22,263)
                                                                                
                                   97,000     2,744        2,744
                                                                          
                         













          
See accompanying independent accountant's report
and notes to the financial statements
<PAGE>
TRANSPACIFIC INTERNATIONAL GROUP CORP.
(A Development Stage Company)
STATEMENT OF CASH FLOWS
Three months ended December 31, 1996 and 
the Period from October 9, 1996 (Date of Inception)
to December 31, 1996

                                        Three months      October 9,
                                         Ended              1995
                                        December 31,     (Inception) to
                                          1996            December 31, 
                                                            1996
Operating activities:
Net income (loss)                         14                 (22,263)
Non cash charges (credit to earnings):
Depreciation and amortization             0                     0

Changes in operating assets and liabilities:  0                 0
                                              
Net cash provided (used) in operating activities    14         (22,263)

Cash provided by (used) in investing activities:
Equity increase (decrease)                     0                 25,007
                                                                                
    
Net cash provided (used) in investing activities     0           25,007

Financing activities:                                             
Net cash provided (used) in financing activities     0              0

Net increase (decrease) in cash                      14          2,744
Cash at October 9, 1995 (date of inception)          2,730          0
Cash at December 31, 1996                            2,744       2,744

Supplemental disclosure of cash flow information:
Interest paid, net of amount capitalized             0              0
Income taxes paid                                    0              0


          




See accompanying independent accountant's report
and notes to the financial statements

TRANSPACIFIC INTERNATIONAL GROUP CORP.
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM OCTOBER 9, 1995 (Date of Inception)
TO December 31, 1996

1.NATURE OF THE BUSINESS

Transpacific International Group Corp. (A Development Stage Company), was 
organized in 1995, as a blank check company which plans to look for a suitable 
business to merge with or acquire.  Since October 9, 1995 operations have 
consisted primarily of the first capital contribution by the insiders, and 
coordination activities with the law firm regarding the SEC registration of 
the company.

2.STOCKHOLDERS' EQUITY

The company was duly organized under the laws of the State of Nevada.  The 
company authorized twenty million (20,000,000) shares of Common Stock at 
$.0001 par value.  The company raised $25,007, in 1995, through a Subscription 
Agreement.   (See the statement of changes in stockholders' equity.)

3.RELATED PARTY TRANSACTIONS

Joel Schonfeld, attorney at law, is a legal firm whose partners are 
stockholders of Transpacific International Group Corp.  During 1995, the 
company advanced Joel Schonfeld $20,000 representing legal fees for completion 
of the SEC Securities Registration Agreement.

4.STATEMENT OF CASH FLOWS

Cash Equivalents - The Company recognizes cash deposited in its bank account 
as cash equivalents for purposes of the Statement of Cash Flows.

5.RULE 419 REQUIREMENTS

Rule 419 requires that offering proceeds after deduction for underwriting 
commissions, underwriting expenses and dealer allowances issued be deposited 
into an escrow or trust account (the "Deposited Funds" and "Deposited 
Securities," respectively) governed by an agreement which contains certain 
terms and provisions specified by the Rule.  Under Rule 419, the Deposited 
Funds and Deposited Securities will be released to the Company and to the 
investors, respectively, only after the Company has met the following three 
basic conditions.  First, the Company must execute an agreement(s) for an 
acquisition(s) meeting certain prescribed criteria.  Second, the Company must 
file a post-effective amendment to the registration statement which includes 
the terms of a reconfirmation offer that must contain conditions prescribed by 
the rules.  The post-effective amendment must also contain information 
regarding the acquisition candidate(s) and its business(es), including audited 
financial statements.  The agreement(s) must include, as a condition precedent 
to their consummation, a requirement that the number of investors representing 
80% of the maximum proceeds must elect to reconfirm their investments.  Third, 
the Company must conduct the reconfirmation offer and satisfy all of the 
prescribed conditions, including the condition that investors representing 80% 
of the Deposited Funds must elect to remain investors.  The post-effective 
amendment must also include the terms of the reconfirmation offer mandated by 
Rule 419.  The reconfirmation offer must include certain prescribed conditions 
which must be satisfied before the Deposited Funds and Deposited Securities 
can be released from escrow.  After the Company submits a signed 
representation to the Escrow Agent that the requirements of Rule 419 have been 
met and after the acquisition(s) is consummated, the Escrow Agent can release 
the Deposited Funds and Deposited Securities.  Investors who do not reconfirm 
their investments will receive the return of a pro-rata portion thereof; and 
in the event investors representing less than 80% of the Deposited Funds 
reconfirm their investments, the Deposited Funds will be returned to the 
investors on a pro-rata basis.<PAGE>                                           

                                              Schedule 1     Schedule 1

TRANSPACIFIC INTERNATIONAL GROUP CORP.       Three months     October 9,
(A Development Stage 
Company)                                                     
                                               Ended              1995
GENERAL & ADMINISTRATION EXPENSES             December 31,     December 
                                                                 31, 
PERIOD FROM OCTOBER 9, 1995 (Date of Inception)   1996      1996
TO December 31, 1996


Legal fees                                        0                20,000
Other professional fees                           0                 2,465
                                                                                
              
Total General & administrative expenses           0                 22,465
          


























See accompanying independent accountant's report
and notes to the financial statements



TRANSPACIFIC INTERNATIONAL GROUP CORP.
FORM 10-QSB
December 31, 1996

                              

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



     The Company does not currently engage in any business activities which 
provide any cash flow.  The costs of identifying, investigating, and analyzing 
Business Combinations will be paid with money in the Company's treasury, and 
not with proceeds received from the Company's initial public offering.  

     The Company may seek a Business Combination in the form of firms which 
have recently commenced operations, are developing companies in need of 
additional funds for expansion into new products or markets, are seeking to 
develop a new product or service, or are established businesses which may be 
experiencing financial or operating difficulties and are in need of additional 
capital.   A Business Combination may involve the acquisition of, or merger 
with, a Company which does not need substantial additional capital but which 
desires to establish a public trading market for its shares, while avoiding 
what it may deem to be adverse consequences of undertaking a public offering 
itself, such as time delays, significant expense, loss of voting control and 
compliance with various Federal and State securities laws.


     The Company will not acquire a Target Business unless the fair value of 
the Target Business represents 80% of the maximum offering proceeds (including 
funds to be received upon exercise of the Warrants, the sale of the Secondary 
Securities and the exercise of the Warrants contained therein) (the "Fair 
Market Value Test.")  To determine the fair market value of a Target Business, 
the Company's management will examine the certified financial statements 
(including balance sheets and statements of cash flow and stockholders' 
equity) of any candidate and will participate in a personal inspection of any 
potential Target Business.  If the Company determines that the financial 
statements of a proposed Target Business does not clearly indicate that the 
Fair Market Value Test has been satisfied, the Company will obtain an opinion 
from an investment banking firm (which is a member of National Association of 
Securities Dealers, Inc., (the "NASD") with respect to the satisfaction of 
such criteria. 
<PAGE>TRANSPACIFIC INTERNATIONAL GROUP CORP.
FORM 10-QSB
DECEMBER 31, 1996


Based upon management's experience with and knowledge of blank check 
companies, the probable desire on the part of the owners of target businesses 
to assume voting control over the Company (to avoid tax consequences or to 
have complete authority to manage the business) will almost assure that the 
Company will combine with just one target business.  Management also 
anticipates that upon consummation of a Business Combination, there will be a 
change in control in the Company which will most likely result in the 
resignation or removal of the Company's present officers and directors.  

None of the Company's officers or directors have had any preliminary contact 
or discussions with any representative of any other entity regarding a 
Business Combination.  Accordingly, any Target Business that is selected may 
be a financially unstable Company or an entity in its early stage of 
development or growth (including entities without established records of sales 
or earnings), the Company will become subjected to numerous risks inherent in 
the business and operations of financially unstable and early stage or 
potential emerging growth companies.  In addition,  the Company may affect a 
Business Combination with an entity in an industry characterized by a high 
level of risk, and although management will endeavor to evaluate the risks 
inherent in a particular industry or Target Business, there can be no 
assurance that the Company will properly ascertain or assess all significant 
risks. 

     Management anticipates that it may be able to effect only one potential 
Business Combination, due primarily to the Company's limited financing.  As a 
result, the Company will not be able to offset potential losses from one 
venture against gains from another.
<PAGE>TRANSPACIFIC INTERNATIONAL GROUP CORP.
FORM 10-QSB
DECEMBER 31, 1996


     The Company anticipates that the selection of a Business Combination will 
be complex and extremely risky.  Because of general economic conditions, rapid 
technological advances being made in some industries, and shortages of 
available capital, management believes that there are numerous firms seeking 
even the limited additional capital which the Company will have and/or the 
benefits of a publicly traded corporation.  Such perceived benefits of a 
publicly traded corporation may include facilitating or improving the terms on 
which additional equity financing may be sought, providing liquidity for the 
principals of a business, creating a means for providing incentive stock 
options or similar benefits to key employees, providing liquidity (subject to 
restrictions of applicable statutes) for all shareholders, and other factors.  
Potentially available Business Combinations may occur in many different 
industries and at various stages of development, all of which will make the 
task of comparative investigation and analysis of such business opportunities 
extremely difficult and complex.

     The analysis of Business Combinations will be undertaken by or under the 
supervision of the officers and directors of the Company, none of whom is a 
professional business analyst.  Management intends to concentrate on 
identifying preliminary prospective Business Combinations which may be brought 
to its attention through present associations.  In analyzing prospective 
Business Combinations, management will consider such matters as the available 
technical, financial, and managerial resources; working capital and other 
financial requirements; history of operation, if any; prospects for the 
future; nature of present and expected competition; the quality and experience 
of management services which may be available and the depth of that 
management; the potential for further research, development, or exploration; 
specific risk factors not now foreseeable but which then may be anticipated to 
impact the proposed activities of the Company; the potential for growth or 
expansion; the potential for profit; the perceived public recognition or 
acceptance or products, services, or trades; name identification; and other 
relevant factors.  Officers and directors of the Company will meet personally 
with management and key personnel of the firm sponsoring the business 
opportunity as part of their investigation.  To the extent possible, the 
Company intends to utilize written reports and personal investigation to 
evaluate the above factors.<PAGE>TRANSPACIFIC INTERNATIONAL GROUP CORP.
FORM 10-QSB
DECEMBER 31, 1996


     Since the Company will be subject to Section 13 or 15 (d) of the 
Securities Exchange Act of 1934, it will be required to furnish certain 
information about significant acquisitions, including audited financial 
statements for the Company(s) acquired, covering one, two or three years 
depending upon the relative size of the acquisition.  Consequently, 
acquisition prospects that do not have or are unable to obtain the required 
audited statements may not be appropriate for acquisition so long as the 
reporting requirements of the Exchange Act are applicable.  In the event the 
Company's obligation to file periodic reports is suspended under Section 
15(d), the Company intends on voluntarily filing such reports. 

     It may be anticipated that any Business Combination will present certain 
risks.  Many of these risks cannot be adequately identified prior to 
selection, and investors herein must, therefore, depend on the ability of 
management to identify and evaluate such risks.  In the case of some of the 
potential combinations available to the Company, it may be anticipated that 
the promoters thereof have been unable to develop a going concern or that such 
business is in its development stage in that it has not generated significant 
revenues from its principal business activity prior to the Company's merger or 
acquisition, and there is a risk, even after the consummation of such Business 
Combinations and the related expenditure of the Company's funds, that the 
combined enterprises will still be unable to become a going concern or advance 
beyond the development stage.  Many of the Combinations may involve new and 
untested products, processes, or market strategies which may not succeed.  
Such risks will be assumed by the Company and, therefore, its shareholders.

     In implementing a structure for a particular business acquisition, the 
Company may become a party to a merger, consolidation, reorganization, joint 
venture, or licensing agreement with another corporation or entity.  It may 
also purchase stock or assets of an existing business.

     Investors should note that any merger or acquisition effected by the 
Company can be expected to have a significant dilutive effect on the 
percentage of shares held by the Company's then-shareholders, including 
purchasers in this offering.  On the consummation of a Business Combination, 
the Target Business will have significantly more assets than the Company; 
therefore, management plans to offer a controlling interest in the Company to 
the Target Business.  While the actual terms of a transaction to which the 
Company may be a party cannot be predicted, it may be expected that the 
parties to the business transaction will find it<PAGE>TRANSPACIFIC INTERNATIONAL
 GROUP CORP.
FORM 10-QSB
DECEMBER 31, 1996


desirable to avoid the creation of a taxable event and thereby structure the 
acquisition in a so-called "tax-free" reorganization under Sections 368(a)(1) 
or 351 of the Internal Revenue Code of 1954, as amended (the "Code").  In 
order to obtain tax-free treatment under the Code, it may be necessary for the 
owners of the acquired business to own 80% or more of the voting stock of the 
surviving entity.  In such event, the shareholders of the Company, including 
investors in this offering, would retain less than 2% of the issued and 
outstanding shares of the surviving entity, which would be likely to result in 
significant dilution in the equity of such shareholders.  Management of the 
Company may choose to avail the Company of these provisions.  In addition, a 
majority of all of the Company's directors and officers may, as part of the 
terms of the acquisition transaction, resign as directors and officers. 

     Management will not actively negotiate or otherwise consent to the 
purchase of any portion of their Common Stock as a condition to or in 
connection with a proposed Business Combination unless such a purchase is 
requested by a Target Company as a condition to a merger or acquisition.  The 
officers and directors of the Company who own Common Stock have agreed to 
comply with this provision which is based on a written agreement among 
management.  Management is unaware of any circumstances under which such 
policy through their own initiative may be changed. 

     It is anticipated that any securities issued in any such reorganization 
would be issued in reliance on exemptions from registration under applicable 
federal and state securities laws.  In some circumstances, however, as a 
negotiated element of this transaction, the Company may agree to register such 
securities either at the time the transaction is consummated, under certain 
conditions, or at specified times thereafter.  The issuance of substantial 
additional securities and their potential sale into any trading market which 
may develop in the Company's Common Stock may have a depressive effect on such 
market.

     As a part of the Company's investigation, officers and directors of the 
Company will meet personally with management and key personnel, visit and 
inspect material facilities, obtain independent analysis or verification of 
certain information provided, check references of management and key 
personnel, and take other reasonable investigative measures, to the extent of 
the Company's limited financial resources and management expertise.
<PAGE>TRANSPACIFIC INTERNATIONAL GROUP CORP.
FORM 10-QSB
DECEMBER 31, 1996


     The manner of the Business Combination will depend on the nature of the 
Target Business, the respective needs and desires of the Company and other 
parties, the management of the Target Business opportunity, and the relative 
negotiating strength of the Company and such other management.

     The Company has no present policy as to whether the Company may acquire 
or merge with a business in which the Company's management, promoters, their 
affiliates or associates have a direct or indirect ownership interest.  The 
Company also lacks a policy with regard to related party transactions in 
general.  The Company's officers and directors have not approached and have 
not been approached by any person or entity with regard to any proposed 
business ventures with respect to the Company.  The Company will evaluate all 
possible Business Combinations brought to it.  If at any time a Business 
Combination is brought to the Company by any of the Company's promoters, 
management, or their affiliates or associates, disclosure as to this fact will 
be included in the post-effective amendment, thereby allowing the public 
investors the opportunity to fully evaluate the Business Combination.

     The Company has adopted a policy that it will not pay a finder's fee to 
any member of management for locating a merger or acquisition candidate.  No 
member of management intends to or may seek and negotiate for the payment of 
finder's fees.  In the event there is a finder's fee, it will be paid at the 
direction of the successor management after a change in management control 
resulting from a Business Combination.  The Company's policy regarding 
finder's fees is based on a written agreement among management.  Management is 
unaware of any circumstances under which such policy through their own 
initiative may be changed. 

     The Company does not intend to advertise or promote the Company.  
Instead, the Company's management will actively search for potential Target 
Businesses.  In the event management decides to advertise (in the form  of an 
ad in a legal publication) to attract a Target Business, the cost of such 
advertising will be assumed by management.


     The Company is a blank check company.  It has no business of its own, but 
instead is attempting to engage in a business combination through the 
acquisition of a target company.  The Company has no current cash 
requirements, save for the printing and filing of reports with the Securities 
and Exchange Commission.  The Company does not intend to raise any additional 
monies within the next twelve months.<PAGE>





SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, 
the registrant caused this report to be signed on its behalf by the 
undersigned, thereunto duly authorized.


               TRANSPACIFIC INTERNATIONAL GROUP CORP.




              By:   Ho Cheong Chio          

               Ho Cheong Chio, President





Dated: 4/22/97      Ho Cheong Chio                     
               Ho Cheong Chio, President, Director


Dated: 4/22/97 David Chang                            
               David Chang, Secretary, Director


Dated:                                                
               Christian Constantinov, Director