U. S. Securities and Exchange CommissionWashington, D.C. 20549

**Form 10-QSB
(Mark One)[ ]	QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES     EXCHANGE ACT OF 1934

For the quarterly period ended ____________________

[X]	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from July 1, 2000 to September 30, 2000

Commission File Number 0-15910

**Control Chief Holdings, Inc.(Exact name of small business issuer as specified in its charter)New York 16-0955704(State or other jurisdiction ofincorporation or organization) (I.R.S. EmployerIdentificationNo.)
P.O. Box 141, 200 Williams Street, Bradford, Pennsylvania 16701(Address of principal executive offices)

(814) 368-4132(Issuer's telephone number)

Not Applicable(Former name, former address and former fiscal year, if changed since last report)

          Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such period that theregistrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS

          The number of shares outstanding of issuer's Common Stock, par value $.50 per share, as of October 30, 2000 was 986,930 shares.

Transitional Small Business Format (Check one): Yes [ ] No [X]

**Control Chief Holdings, Inc. and Subsidiaries
Table of Contents
 Page**  Part I   Financial Information**     Item 1   Financial Statements              Consolidated Balance Sheets3               Consolidated Statements of Operations and Retained Earnings4               Consolidated Statements of Cash Flows5               Notes to Financial Statements6      Item 2  Management's Discussion and Analysis or Plan of Operation7      **Part II   Other Informations**     Item 5   Other Information11    Item 6   Exhibits and Reports on Form 8-K11    **  Signatures**11  **Part I - Financial InformationItem 1. Financial StatementsControl Chief Holdings, Inc. and SubsidiaryConsolidated Balance Sheets
 **September 30,**June 30,
 **2000**2000**Assets**(Unaudited)
 
Current assets
 
 
     Cash and cash equivalents
$ 766,267
$ 670,481
     Marketable securities, at fair value
246,031
244,255
     Accounts receivables, less allowance for
 
 
        doubtful accounts of $50,000 and $50,000
991,614
862,107
     Inventories
1,485,034
1,482,127
     Other current assets
263,979
270,055
 
 
 
               Total current assets
3,752,925
3,529,025
 
 
 
Equipment and leasehold improvements, net
776,574
785,347
 
 
 
Other assets
-
10,879
 
 
 
Total assets
$4,529,499
$4,325,251
 
 
 **Liabilities and Stockholders' Equity
 
 
Current liabilities
 
 
     Current maturities of long-term debt
$ 9,224
$ 6,061
     Accounts payable trade
167,209
161,093
     Accrued items
722,057
684,628
 
 
 
               Total current liabilities
898,490
851,782
 
 
 
Long-term debt, less current maturities
-
4,662
 
 
 
Deferred income taxes
75,265
78,065
 
 
 
Stockholders' equity
 
 
     Common stock, $.50 par value, authorized 5,000,000 shares,
 
 
        issued 1,015,220 shares
507,610
507,610
     Capital in excess of par value
1,123,279
1,123,279
     Retained earnings
2,024,378
1,855,075
     Treasury stock, 23,134 and 21,885 shares, respectively, at cost
(95,149)
(89,793)
     Accumulated other comprehensive income
 
 
        Unrealized gain (loss) on available-for-sale securities 
(4,374)
(5,429)
 
 
 
               Total stockholders' equity
3,555,744
3,390,742
 
 
 
               Total liabilities and stockholders' equity
$4,529,499
$4,325,251See accompanying notes to financial statements.**Control Chief Holdings, Inc. and SubsidiaryConsolidated Statements of Operations and Retained Earnings(Unaudited)**
 **Three Months Ended
 **September 30,
 **2000**1999
 
 
 
Net sales
$1,856,059
$1,978,407
 
 
 
Cost of products sold
829,141
948,734
 
 
 
Gross margin
1,026,918
1,029,673
 
 
 
Operating expenses
 
 
     Selling expenses
323,926
314,370
     General and administrative
313,872
326,771
     Research and development
27,955
73,773
 
 
 
Total operating expenses
665,753
714,914
 
 
 
Earnings from operations
361,165
314,759
 
 
 
Other income (expense)
 
 
     Interest expense
(437)
(3,201)
     Other income
13,982
15,241
 
 
 
Earnings before income taxes
374,710
326,799
 
 
 
Provision for income taxes
155,800
136,300
 
 
 
Net earnings
218,910
190,499
 
 
 
Retained earnings, beginning of period
1,855,075
1,510,589
 
 
 
Cash dividends paid
(49,607)
(50,002)
 
 
 
Retained earnings, end of period
$2,024,378
$1,651,086
 
 
 
Earnings per common share
 
 
     Basic
$ .22
$ .19
     Diluted
$ .22
$ .19
 
 
 
Dividends paid per common share
$ .05
$ .05
 
 
 
Weighted average number of common shares outstanding
     Basic
992,749
999,495
     Diluted
1,005,249
1,011,995See accompanying notes to financial statements.**Control Chief Holdings, Inc. and SubsidiaryConsolidated Statements of Cash Flows(Unaudited)**
**Three Months Ended**September 30,
 **2000**1999**Cash flows from operating activities
 
 
     Net earnings
$ 218,910
$ 190,499
     Adjustments to reconcile net earnings to net cash
 
 
        provided by (used in) operating activities:
 
 
           Depreciation and amortization
44,055
31,132
           Provision for bad debts
-
43,275
           Deferred income taxes
(2,800)
3,200
           Change in assets and liabilities:
 
 
              (Increase) decrease in receivables
(129,507)
(203,028)
              (Increase) decrease in inventories
(2,907)
8,946
              Decrease in other current assets
5,355
65,049
              Increase (decrease) in accounts payable and accruals
43,545
(50,810)
 
 
 
                    Net cash provided by operating activities
176,651
88,263
 
 
 **Cash flows from investing activities
 
 
Purchase of equipment and leasehold improvements
(35,282)
(68,278)
Decrease in other assets
10,879
-
 
 
 
Net cash used in investing activities
(24,403)
(68,278)
 
 
 **Cash flows from financing activities
 
 
     Net repayments of long-term debt
(1,499)
(48,355)
     Purchase of treasury stock
(5,356)
(1,405)
     Dividends paid
(49,607)
(50,002)
 
 
 
               Net cash used in financing activities
(56,462)
(99,762)
 
 
 
Net increase (decrease) in cash
95,786
(79,777)
 
 
 
Cash at beginning of period
670,481
684,912
 
 
 
Cash at end of period
$ 766,267
$ 605,135
 
 
 **Cash paid during the period for:
 
 
     Interest
$ 4,118
$ 3,201
     Income taxes
115,970
21,825See accompanying notes to financial statements.**Control Chief Holdings, Inc. and SubsidiaryNotes to Financial Statements
1. Basis of Presentation

The financial statements include the accounts of the Control Chief Holdings, Inc. and its wholly owned subsidiary, Control Chief Corporation, (the "Company"). All significant intercompany accounts are eliminated upon consolidation. Thepreparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, thedisclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from the estimates. In the opinion of management, all adjustments, consisting only of normalrecurring adjustments, necessary for a fair presentation of the financial information for the periods indicated, have been included. Interim results are not necessarily indicative of results for a full year.

The financial statements and notes are presented as permitted by Form 10-QSB, and do not contain certain information included in the Company's annual financial statements and notes. Accordingly, these statements should be read inconjunction with the consolidated financial statements and notes thereto appearing in the annual report of the Company on Form 10-KSB for the fiscal year ended June 30, 2000.

**2. Change in Fiscal Year to December 31, Effective June 30, 2000**

On June 29, 2000, the Executive Committee of the Board of Directors of the Company changed its fiscal year end from June 30 to December 31, effective June 30, 2000. Accordingly, the Company will report a transition period from July 31,2000 through December 31, 2000. The Company elected to change its fiscal year in order to more closely correspond to its current business cycle.

**3. Earnings Per Common Share**

Basic earnings per share are computed by dividing net earnings by the weighted average number of common shares outstanding. Diluted earnings per share assumes the exercise of stock options using the treasury stock method, if dilutive.

**4. Cash Dividends Paid**

The Board of Directors of the Company approved a cash dividend totaling $49,607 ($.05 per share) payable on September 29, 2000 to holders of record at the close of business on September 8, 2000.

**4. Environmental Matters**

The Company formerly owned and operated a manufacturing facility in the Borough of Lewis Run, Pennsylvania. The facility and surrounding property were sold in 1997. Subsequent to the sale, the purchaser of the property conductedcertain environmental testing, and detected contamination of the soil and groundwater on the property. In addition, the Pennsylvania Department of Environmental Protection ("DEP") sampled the nearby municipal well, used as a secondary source of watersupply for the Borough of Lewis Run, and detected contamination in the well. In addition, several remediations of adjacent, upgradient properties have recently been conducted by current and former owners of those properties to address contamination atthose locations.

The Company entered into a Consent Order and Agreement ("Agreement") with the DEP on February 1, 2000. The Agreement requires the Company to conduct an investigation of the contamination on and adjacent to its former property, and toevaluate remedial alternatives to address the contamination found. The Agreement also requires that the Company identify and evaluate both interim and permanent options to replace or treat the water from the municipal well. Should the DEP determine that asupplemental water supply is needed, as in the case of a drought, for instance, the Company has agreed that it will, upon notification by the DEP, use its best efforts to implement the interim option selected. The Company did not commit in the Agreementto remediate contamination found on the property or to implement any permanent solution to replace the municipal well. One of the purposes of the investigation, in fact, is to try and determine if the source of some or all of the contamination is one ormore of the upgradient properties.

The Company's consultant recently submitted to the DEP a revised Work Plan for the investigation, and expects approval shortly. The soil, groundwater, and surface water investigation is projected to be conducted this fall, with thereport to be presented to the DEP early next year. For the three month period ended September 30, 2000, the Company's expense relating to this matter has been negligible, and for the previous fiscal year ended June 30, 2000, the Company incurredapproximately $59,069 in professional fees relating to this matter. The Company also accrued and included the amount of $345,000 in "other accrued liabilities" on the consolidated balance sheet as of June 30, 2000, as its best estimate of its obligationof conducting the investigation on and adjacent to its former property, including the possible cost or remedial alternatives to address contamination found. Through September 30, 2000, there has been no change in the Company's recorded accrual estimate.However, it is reasonably possible the Company's recorded accrual estimate may change and the Company could incur additional obligations or share such obligations with other potential responsible parties in the future. Until the investigation iscompleted, it is not possible to assess the Company's overall potential liabilities, if any, for cleanup or the likelihood of an unfavorable outcome.

**Part I - Financial InformationItem 2. Management's Discussion and Analysis or Plan of Operations**

The following discussion and analysis may be understood more fully by reference to the consolidated financial statements, notes to the consolidated financial statements, and management's discussion and analysis or plan of operationscontained in the Control Chief Holdings, Inc. and Subsidiary annual report on Form 10-KSB for the fiscal year ended June 30, 2000.

**Forward-Looking Information**

This Form 10-QSB contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For this purpose any statements contained in this Form 10-QSB that are not statements ofhistorical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate" or "continue" or comparable terminology is intended to identify forward-lookingstatements. These statements by their nature involve substantial risks and uncertainties, and actual results may differ materially depending on a variety of factors, many of which are not within the Company's control. These factors include but are notlimited to economic conditions generally and in the industries in which the Company's customers participate; competition within the Company's industry, including competition from much larger competitors; technological advances which could render theCompany's products less competitive or obsolete; failure by the Company successfully to develop new products or to anticipate current or prospective customers' products needs; environmental investigation, remediation and monitoring costs relating to theCompany's former facility in Lewis Run, PA; price increases or supply limitations for components purchased by the Company for use in its products; and delays, reductions, or cancellations of orders previously placed with the Company.

**General**

Control Chief Holdings, Inc. ("the Company") functions as a holding company and is the sole shareholder of Control Chief Corporation ("Control Chief"). Control Chief designs, engineers and produces remote control devices for materialhandling equipment and other industrial applications. These controls use either radio or infrared waves as communications media to transmit control data from portable units to receivers mounted on various types of apparatus. All models of products aremicroprocessor-based systems. These devices are utilized in concert with various material handling equipment, industrial machines, process equipment and mobile apparatus. Control Chief markets its products through a network of independent manufacturers'representatives located in key geographical centers throughout the United States, Canada, Central and South America. Products are also sold through direct efforts, distributors, private labeling agreements and licensees.

**Results of Operations**

The following table sets forth certain financial data, as a percentage of net sales, for the three months ended September 30, 2000 and 1999.

 
Three Months Ended
 
September 30,
 
2000
1999
 
 
 
 
 
Net sales
100.0%
100.0%
 
 
 
 
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