U. S. Securities and Exchange Commission
                           Washington, D.C.  20549
                                  Form 10-QSB
              
(Mark One)
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
    EXCHANGE ACT OF 1934

                For the quarterly period ended December 31, 1997

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

 For the transition period from _______________ to _______________

                      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 of      (I.R.S. Employer 
    incorporation or organization)       Identification No.)

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 the registrant 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 February 1, 1998 was 811,553 shares.

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



              Control Chief Holdings, Inc. and Subsidiaries
             
                            Table of Contents


PART I    Financial Information

Item 1    Financial Statements                      
             Consolidated Balance Sheets
             Consolidated Statements of Operations and Retained Earnings
             Consolidated Statements of Cash Flows
             Notes to Financial Statements

Item 2    Management's Discussion and Analysis of Financial
           Condition and Results of Operations

PART II   Other Information

Item 4    Submission of Matters to a Vote of Security Holders
Item 6    Exhibits and Reports on Form 8-K

SIGNATURES











<TABLE>

PART I

ITEM 1 - FINANCIAL  INFORMATION

CONTROL CHIEF HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS

<CAPTION>



                                            December 31,           June 30,
                                                1997                 1997  
                                             ----------          -----------
<S>                                         <C>                  <C>
                                            (Unaudited)
ASSETS

Current Assets

Cash                                            $82,530             $132,007
Receivables
Trade, less allowance for doubtful
 accounts of $60,035 and $59,750              1,593,133            1,387,739
Other                                            11,753                6,730
Inventories
 Raw materials and subassemblies              1,150,053            1,122,751
 Work in process                                523,937              251,950
Prepaid income taxes                               -                  89,368
Other prepaid items                              23,194               20,512
Deferred income taxes                            55,737               55,737
                                             ----------           ----------

Total current assets                          3,440,337            3,066,794
                                             ----------           ----------
Property and Equipment, at cost
 Leasehold improvements                         174,429              121,422
 Machinery and other equipment                1,578,488            1,568,280
                                             ----------           ----------

Total cost                                    1,752,917            1,689,702

Less accumulated depreciation                 1,165,823            1,175,486
                                             ----------           ----------

Undepreciated cost                              587,094              514,216
                                             ----------           ----------
Other Assets

Property of continuing operations held
 for sale, less accumulated depreciation
 of $214,458 at June 30, 1996                     7,722               53,927
Note receivable-SPC Technologies, Inc.           95,355               96,147
Trade receivable-Aden Electronics Limited        65,336               71,304
Cash surrender value of officers' life
 insurance less policy loans of $73,320
 and $71,113                                      9.318               11,525
                                             ----------           ----------

Total other assets                              177,731              232,903
                                             ----------           ----------

                                             $4,205,162           $3,813,913
                                             ==========           ==========


<FN>
See accompanying notes to financial statements.

</TABLE>

<TABLE>


CONTROL CHIEF HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS - CONTINUED

<CAPTION>

                                           December 31,            June 30,
                                               1997                  1997  
                                            -----------           ----------  
                                            (Unaudited)

<S>                                         <C>                   <C>
LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities

Short-term debt                                $   -                $245,000
Current maturities of long-term debt            155,464              203,976
Accounts payable trade                          718,160              452,085
Accrued items
Salaries, wages, commissions and
 related payroll taxes                          422,511              363,748 
Income taxes                                     40,701                 -   
Other                                             4,881                6,408  
                                             ----------           ----------

Total current liabilities                     1,341,717            1,222,705
                                             ----------           ----------
Other Liabilities

Long-term debt, less current maturities         355,873              456,582
Deferred income taxes                            20,710               23,910
                                             ----------           ----------

Total other liabilities                         376,583              480,492
                                             ----------           ----------
Stockholders' Equity
 Common stock, authorized 5,000,000 shares
  of $.50 par value; issued and outstanding
  811,553 shares                                405,776              405,776

 Capital in excess of par value               1,223,701            1,223,701

 Retained earnings                              857,385              481,239
                                             ----------           ----------

Total stockholders' equity                    2,486,862            2,110,716
                                             ----------           ----------

                                             $4,205,162           $3,813,913
                                             ==========           ==========




<FN>
See accompanying notes to financial statements.

</TABLE>

<TABLE>

CONTROL CHIEF HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS AND RETAINED EARNINGS
(UNAUDITED)

<CAPTION>


                                 Three Months Ended         Six Months Ended 
                                     December 31,             December 31,   
                                  1997        1996          1997       1996  
                              ----------  ----------    ----------  ----------

<S>                           <C>         <C>           <C>         <C>
Revenues
Net sales                     $2,097,402  $1,963,949    $4,022,967  $3,686,756
Gain on sale of
 land and building                  -           -          127,088       -   
Other income                      13,262       1,839        35,564      15,292
                               ---------   ---------     ---------   ---------

Total revenues                 2,110,664   1,965,788     4,185,619   3,702,048
                               ---------   ---------     ---------   ---------

Expenses
Cost of products sold          1,109,971   1,128,197     2,186,120   2,088,690
Selling general and
 administrative                  584,923     557,058     1,144,513   1,082,508
Research and development          40,268      33,157       107,416      81,269
Interest expense                  12,213      22,627        28,846      51,310
                               ---------   ---------     ---------   ---------

Total expenses                 1,747,375   1,741,039     3,466,895   3,303,777
                               ---------   ---------     ---------   ---------

Earnings from continuing
 operations before
 income taxes                    363,289     224,749       718,724     398,271
                               ---------   ---------     ---------   ---------
Income taxes
Currently payable                154,700      66,300       305,200     141,600
Deferred                         (1,600)     (1,400)       (3,200)     (2,600)
                               ---------   ---------     ---------   ---------

                                 153,100      64,900       302,000     139,000
                               ---------   ---------     ---------   ---------

Earnings from continuing
 operations                      210,189     159,849       416,724     259,271

Discontinued operations
Loss, net of taxes                  -       (39,047)          -       (63,965)
                               ---------   ---------     ---------   ---------

Net earnings                     210,189     120,802       416,724     195,306

Retained earnings at
 beginning of period             647,196     257,134       481,239     182,630

Cash dividends paid                 -           -         (40,578)        -   
                               ---------   ---------     ---------   ---------
Retained earnings at
 end of period                  $857,385    $377,936      $857,385    $377,936
                               =========   =========     =========   =========


Earnings (loss) per common share

Continuing operations               $.26        $.12          $.51        $.29
Discontinued operations               -        (.03)            -        (.05)
                                   -----       -----         -----       -----
                                    $.26        $.09          $.51        $.24
                                   =====       =====         =====       =====

Dividends paid
 per common share                   $ -         $ -           $.05        $ - 
                                   =====       =====         =====       =====

Weighted average number
 of common shares
 outstanding                     811,553     811,553       811,553     811,553



<FN>
See accompanying notes to financial statements.

</TABLE>


<TABLE>






CONTROL CHIEF HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)

<CAPTION>

                                                        Six Months Ended  
                                                          December 31,  
                                                        1997       1996 
                                                    ----------  ----------   

<S>                                                 <C>         <C>
Cash flows from continuing operating activities

Earnings from continuing operations                   $416,724    $259,271    

Adjustments to reconcile earnings from
continuing operations to net cash provided
by operating activities:

Depreciation and amortization                           46,446      49,837
Deferred income taxes                                  (3,200)     (2,600)
Gain on sale of land and building                    (127,088)         -   

Change in assets and liabilities:

Increase in receivables                              (210,418)   (269,200)
Increase in inventories                              (299,288)    (27,823)
Decrease in prepaid items and other assets              94,861      90,592
Increase in accounts payable and accruals              364,012     155,412
                                                      --------    --------
Net cash provided by
continuing operating activities                        282,050     255,489
                                                      --------    --------

Cash flows from discontinued activities

Loss from discontinued operations                         -       (63,965)

Adjustments to reconcile earnings from
continuing operations to net cash provided
by (used in) operating activities:

Depreciation and amortization                             -         19,626
Decrease in net assets of
 discontinued operations                                  -         20,448

Net cash used in discontinued activities                  -       (23,891)
                                                      --------    --------

Total net cash provided                                282,050     231,598
                                                      --------    --------


Cash flows from investing activities

Proceeds from sale of land and building                150,000        -   
Purchase of property, plant and equipment             (96,033)    (46,277)
Receipts of principal on note receivable                   792         857
                                                      --------    --------
Net cash provided by (used in)
investing activities                                    54,759    (45,420)
                                                      --------    --------

Cash flows from financing activities

Net repayments of short-term debt                    (245,000)   (169,895)
Net repayments of long-term debt                     (100,709)   (105,329)
Dividends paid                                        (40,578)        -   
                                                      --------    --------

Net cash used in financing activities                (386,287)   (275,224)
                                                      --------    --------

Effect of exchange rate changes on cash                   -       (12,159)
                                                      --------    --------

Net decrease in cash                                  (49,477)   (101,205)

Cash at beginning of period                            132,007     123,285
                                                      --------    --------

Cash at end of period                                  $82,530     $22,080
                                                      ========    ========
Cash paid during the period for:

Interest                                               $28,846     $48,172
Income taxes                                           175,131         -   




<FN>
See accompanying notes to financial statements.


</TABLE>





CONTROL CHIEF HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO FINANCIAL STATEMENTS

1.  Principles of Consolidation

The financial statements include the accounts of the Company and its 
wholly-owned subsidiaries after elimination of significant intercompany 
transactions. The accompanying financial information for prior periods has 
also been restated for comparability due to discontinued operations (see 
Note 4). The consolidated balance sheet as of December 31, 1997, and the 
related consolidated statements of operations and retained earnings and cash 
flows for the three and six month periods ended December 31, 1997 and 1996
are unaudited The preparation of financial statements in conformity with 
generally accepted accounting principles requires the use of management's 
estimates. In the opinion of management, all adjustments necessary for a 
fair presentation of such financial statements have been included. Such 
adjustments consisted only of normal recurring items. 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 
in conjunction with the consolidated financial statements and notes thereto 
appearing in the Annual Report of the Company for the fiscal year ended 
June 30, 1997.

2.  Earnings Per Common Share

Earnings per common share are computed based on the weighted average shares 
of common stock outstanding during the period of computation. Although the 
Company has issued dilutive common stock equivalents in the form of 
incentive stock options, the dilutive effect of these securities in the 
aggregate is less than 3 percent of earnings per common share.

3.  Cash Dividends Paid

The Board of Directors of the Company approved a cash dividend totaling 
$40,578 ($.05 per share) payable on September 26, 1997 to holders of record 
at the close of business on September 8, 1997.

4.  Discontinued Operations

On May 23, 1997, the Company's Board of Directors approved the transfer of 
its foreign subsidiary, Control Chief (UK) Limited, to one of its former 
employees who is now operating the Company under the name Aden Electronics 
Limited. The transfer was done in lieu of a closure and liquidation of the 
subsidiary due to its lack of profitability. The disposal of Control Chief 
(UK) Limited was effective as of June 30, 1997. This business unit has been 
accounted for as a discontinued operation in the accompanying finacial
statements and amounts for prior periods have been restated.

Effective May 14, 1996, the Company adopted a formal plan to discontinue 
its wood products operations and to sell off the related assets of Bradford 
Classics Woodworking, Inc., d/b/a Tuna Valley Wood Products, a wholly-owned 
subsidiary of the Company that was located in Bradford, Pennsylvania. This 
business unit has been accounted for as a discontinued operation in the 
accompanying financial statements and amounts for prior periods have been 
restated. On September 14, 1996, the inventory and fixed assets of
for their approximate carrying amounts at June 30, 1996.

There was no activity relating to discontinued operations for the three 
and six month periods ended December 31, 1997. A summary of certain 
operating results of the discontinued operations for the three and six 
month periods ended December 31, 1996 is as follows:

                                                Three Months   Six Months 
                                                   Ended         Ended    
                                                December 31,  December 31,
                                                   1996           1996  
                                                ---------      ---------
Net sales
 Control Chief (UK) Limited                      $281,939       $527,294
 Bradford Classics Woodworking, Inc.                 -              -   
                                                ---------      ---------

                                                 $281,939       $527,294
                                                =========      =========

Control Chief (UK) Limited
 Loss from operations before income taxes       ($23,601)      ($20,184)
 Income taxes                                        -              -   
                                                ---------      ---------

 Net loss                                       ($23,601)      ($20,184)
                                                ---------      ---------

Bradford Classics Woodworking, Inc.
 Loss from operations before
  income tax benefit                             (26,046)       (59,162)
 Loss on sale of assets                              -          (14,519)
                                                ---------      ---------
                                                 (26,046)       (73,681)

 Income tax benefit                                10,600         29,900
                                                ---------      ---------

Net loss                                         (15,446)       (43,781)
                                                ---------      ---------

Total loss from discontinued
 operations, net of taxes                       ($39,047)      ($63,965)
                                                =========      =========


Included under the caption Other Assets in the accompanying balance sheets 
at December 31, 1997 and June 30, 1997, are trade receivables of $65,336 
and $71,304, respectively, representing amounts that are due from Aden 
Electronics Limited. The Company anticipates recovering payments of this 
trade receivable over an extended period of time beginning in 1997.






PART I
ITEM 2.  Management's Discussion and Analysis of Financial Condition and 
         Results of Operations

Business Changes

On May 23, 1997, the Board of Directors of the Company approved the transfer 
of its foreign subsidiary, Control Chief (UK) Limited, to one of its former 
employees who is now operating the Company under the name Aden Electronics 
Limited. The transfer was done in lieu of a closure and liquidation of the 
subsidiary due to its lack of profitability. The disposal of Control Chief 
(UK) Limited was effective as of June 30, 1997.

In May 1997, the Company moved the operations of its Lewis Run, PA facility 
to its nearby facility located in Bradford, PA. In July 1997, the Lewis Run 
facility was sold.

Due to declining profits and failure to increase its customer base and 
market share, on May 14, 1996 a decision was made by the Board of Directors 
to cease the operations of Bradford Classics Woodworking, Inc., d/b/a Tuna 
Valley Wood Products (Tuna Valley), a wholly-owned subsidiary of the 
Company, and conduct an orderly liquidation of the subsidiary. On 
September 14, 1996, the inventory and fixed assets of Tuna Valley were sold 
for their approximate carrying amounts at June 30, 1996. Proceeds from the 
auction were used toward the payment of remaining secured and unsecured 
creditors as of June 30, 1996.

The Financial Information found in Part I, Item 1, presents the results 
of continuing operations of the Company's remaining operating subsidiary, 
Control Chief Corporation. The results of operations for Control Chief (UK) 
Limited and Bradford Classics Woodworking, Inc. are reflected in the 
financial statements as discontinued operations.

Liquidity

The Company funds its need for liquidity and capital resources through 
cash from operations, short-term and long-term borrowing. Effective 
January 15, 1997, the Company refinanced the line of credit and term loan 
agreements it had with National City Bank. In connection therewith, the 
Company has granted National City a general security interest in its 
assets, excluding real property.

The Company has a commercial demand line of credit in the amount of 
$750,000, with a variable interest rate equal to the lender's prime rate. 
The line of credit is being used to finance accounts receivable and 
inventory of the Company. The line of credit is subject to an annual review 
by the Bank each November. At December 31, 1997 there was no borrowing 
outstanding under the line of credit.

In addition to the line of credit, the Company has a commercial term loan, 
dated January 15, 1997, which had an original principal amount of $650,000. 
This loan bears interest at 8.47% and is being repaid in forty-eight (48) 
monthly principal and interest installments of $16,050. At December 31, 1997, 
a total of $494,841 was outstanding under this term loan.

In addition to the line of credit and term loan with National City Bank, 
the Company has a term loan with GMAC Financing. The balance outstanding 
at December 31, 1997 was $16,496.

The Company's working capital at December 31, 1997 was $2,098,620, which 
reflects an increase of $254,531, or 14%, over its working capital of 
$1,844,089 at June 30, 1997. The Company's current ratio was 2.56 at 
December 31, 1997 compared to 2.51 at June 30, 1997.

The Company believes its current working capital position is sufficient 
for its operations, and it does not anticipate any significant amounts that 
are needed for capital expenditures in the near future. The Company will, 
however, continue to improve and upgrade its facility and obtain new 
equipment as the need arises.

Results of Operations

Net sales from continuing operations for the quarter ended December 31, 1997 
increased $133,453 or 6.8% as compared to the same quarter last year. For 
the six-month period ended December 31, 1997, net sales from continuing 
operations increased $336,211 or 9.1% as compared to the six-month period 
last year. This increase is reflective of the continued demand for the 
Company's products, increases in its spare parts sales and services, and is 
reflective of a growing economy.

Cost of products sold decreased by $18,226 or 1.6% for the quarter ended 
December 31, 1997 as compared to the same quarter last year. This slight 
decrease in the cost of products sold is due to gross margins of the product 
mix that comprised the overall increase in the net sales for the quarterly 
period when compared to the prior year's product sales. For the six-month 
period ended December 31, 1997, cost of products sold increased by $97,430 
or 4.7% as compared to the six-month period last year. This overall 
increase in the net sales of products sold coincides with the overall 
increase in the net sales for the period.

Selling, general and administrative costs increased $27,865 or 5% for the 
quarter ended December 31, 1997 as compared with the same period last year. 
For the six-month period ended December 31, 1997, selling, general and 
administrative costs increased $62,005 or 5.7% as compared to the six-month 
period last year. This overall increase reflects continued investment in 
areas of marketing, sales staffing and travel. Management is expanding the 
sales and marketing of the Company's products to domestic and foreign
markets.

Research and development costs increased $7,111 or 21% for the quarter 
ended December 31, 1997 as compared to the same period last year. For the 
six-month period ended December 31, 1997, research and development costs 
increased $26,147 or 32.2% as compared to the six-month period last year. 
This increase reflects the Company's continuing commitment to invest funds 
in research and development to stay abreast of technological changes, 
enhance its current products and develop new product lines. It is the 
Company's policy not to release public information relating to its 
research and development programs until new or enhanced products are 
ready for the market. The premature public notification of product 
development, in the opinion of management, stands to potentially reduce 
the anticipated return on its research and development investment by 
notifying competitors of a significant portion of the Company's marketing 
strategy.

Interest expense decreased $10,414 or 46% for the quarter ended 
December 31, 1997 as compared to the same period last year. For the 
six-month period ended December 31, 1997, interest expense decreased 
$22,464 or 43.8% as compared to the six-month period last year. This 
decrease is due to an overall reduction in the Company's short-term and 
long-term debt from refinancing, increased earnings and an improvement in 
the Company's working capital.

Earnings from continuing operations before income taxes were $363,289 for 
the quarterly period ended December 31, 1997, representing an increase of 
$138,540 or 61.6% over the same period last year. For the six-month period 
ended December 31, 1997, earnings from continuing operations before income 
taxes were $718,724, representing an increase of $320,453 or 80.5% as 
compared to the six-month period last year. Included in the increase is a 
gain in the amount of $127,088 from the sale, in July 1997, of the Company's
facility in Lewis Run, Pennsylvania. Excluding the gain, the increase was 
$193,365 or 48.6% over the same period last year.

The provision for income taxes for the quarterly period ended 
December 31, 1997 on pretax income from continuing operations was $153,100 
or 42.1%. The provision for income taxes for the quarterly period ended 
December 31, 1996 on pretax income from continuing operations was $64,900 
or 28.9%. For the six-month period ended December 31, 1997, the provision 
for income taxes on pretax income from continuing operations was $302,000 
or 42%. For the six-month period ended December 31, 1996, the provision for 
income from continuing operations was $139,000 or 34.9%.

Overall earnings, after income taxes, from continuing operations were 
$210,189 for the quarterly period ended December 31, 1997 as compared to 
earnings, after income taxes, from continuing operations of $159,849 for 
the quarterly period ended December 31, 1996. For the six-month period ended 
December 31, 1997, earnings from continuing operations were $416,724 as 
compared to earnings from continuing operations of $259,271 for the 
six-month period ended December ended December 31, 1996. 

The Company's earnings per common share from continuing operations were $.26
for the three-month period ended December 31, 1997.  This represents an 
increase of $.14 per common share from continuing operations for the quarter
over the previous three month period ended December 31, 1996.  Overall, net 
earnings per common share increased by $.17 per share over the same quarter 
last year. For the six-month period ended December 31, 1997, earnings per 
common share from continuing operations were $.51 per common share as 
compared to $.29 per common share for the same period last year. Overall, 
net earnings per common share increased by $.27 per share over the same 
six-month period last year.

Net trade receivables at December 31, 1997 increased by $205,394 or 14.8% 
as compared to the balance at June 30, 1997. The increase is due to the 
increase in net sales during the quarter.

Inventories increased by $299,289 or 21.8% at December 31, 1997 as compared 
to June 30, 1997.

Prepaid items decreased by $86,686 as compared to the balance at June 30, 
1997. This overall decrease in prepaid items results from a reduction in 
prepaid income taxes at June 30, 1997 that has been offset by an increase 
in the tax provision for the six-month period ended December 31, 1997. The 
Company also maintains the practice of prepaying certain expenses such as 
insurance, professional fees and taxes at the beginning and during the 
fiscal year. This is typical of previous years.

There were no major additions of fixed assets during the six-month period 
ended December 31, 1997.

Account payable and accrued items, exclusive of income taxes, increased by 
$323,311 at December 31, 1997 or 39.3% as compared to the balance at 
June 30, 1997. This increase coincides with the increase in inventories.


PART II - OTHER INFORMATION

ITEM 4.  Submission of Matters to a Vote of Security Holders


a)   An annual meeting of the Shareholders of the Company was held on 
     November 14, 1997.

b)   Election of seven Directors.

     Director                         For         Against
     --------                         ---         -------
     Douglas S. Bell                674,373         505
     Robert E. Crofford             674,573         305
     Christopher G. Hauser          674,380         498
     Arvid R. Nelson                674,573         305
     C. Lawrence Shields            674,398         480
     Patrick G. Shields             674,548         330
     N. James Sekel                 674,573         305

c)   Approve appointment of Diefenbach, Delio, Kearney and DeDionisio as 
     independent certified public accountants of the Company.

                      For          Against         Abstain
                      ---          -------         ------- 
                    673,936          400             542

ITEM 6.  Exhibits and Reports on Form 8-K

     a)  Exhibit 27.

     b)  None.


                                  SIGNATURES

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


                                                Control Chief Holdings, Inc.
                                                ----------------------------
                                                       (Registrant)



Date: February 12, 1998                         By: \s\ Douglas S. Bell
                                                    -------------------
                                                    Douglas S. Bell
                                                    Chairman of the Board,
                                                    Chief Executive Officer 
                                                      and President