SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549

                           FORM 10-QSB

(Mark One)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended:   March 31, 1997

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the transition period from           to         

Commission file number: 33-14707-NY
 
                        FREEDOM FUNDING, INC.
(Exact name of small business issuer as specified in its charter)

            Colorado                            84-1047159
 (State or other jurisdiction of            (I.R.S. employer
 incorporation or organization)           identification number)

 331 Kenilworth Circle, Stone Mountain, Georgia          30083    
     (Address of principal executive offices)         (Zip Code)


Issuer's telephone number, including area code:    (404) 296-4347

Indicate by check mark whether the issuer (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 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     X       No 


Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date:  As of
April 18, 1997, there were approximately 8,301,300 shares
outstanding.

I.  PART I -  FINANCIAL INFORMATION

Item 1.  Financial Statements


                     FREEDOM FUNDING, INC.
                 (a development stage company)
                                
                         BALANCE SHEET
 
                                            March 31,
                                        1997          1996

CURRENT ASSETS:
  Cash                                 $    -         $     -

OTHER ASSETS:
  Organization Costs, net of amortization   -               -
  Total Assets                              -               -

LIABILITIES AND STOCKHOLDERS' EQUITY:

Current Liabilities
  Trade Accounts payable               $52,151               -
     Total Liabilities                  52,151               -

Stockholders' Equity:
  Preferred stock, par value $.001
     per share.  Authorized 100,000,000
     shares; none issued.
  Common stock, $.0001 par value,
     per share.  Authorized 500,000,000
     shares; issued: 8,301,300              230              230
  Additional paid-in capital            124,910          124,910
  Accumulated deficit                  (177,084)        (125,140)

Total Liabilities
  and Shareholders' Equity              $     -       $        -



See accompanying Notes to Financial Statements 





                        FREEDOM FUNDING, INC.
                    (a development stage company)

                    STATEMENTS OF OPERATIONS


                                    Three Months Ended March 31,
                                           1997          1996
Revenues                                $      -       $     -

Costs and expenses
  Operational expenses                      52,151         -
  Amortization                                   -         -

Net income (loss)                          (52,151)        -

Net income (loss) per common share               *         *

Weighted average number of
  common shares outstanding              8,301,300  2,301,300

* Less than $.01 per share


See accompanying Notes to Financial Statements 



                      FREEDOM FUNDING, INC.
                 (a development stage company)

                    STATEMENTS OF CASH FLOWS

                                      Three Months Ended March 31,
                                             1997          1996

Operations:
  Net (loss)                               $(52,151)          -

Items not requiring working capital:
      
  (Increase) decrease in organization costs       -           -
  Increase (decrease) in accounts payable     52,151          -
       Net cash from operations                    -          -

Financing:
  Sale of common stock                             -          -
     Net cash from financing                       -          -
  Net increase (decrease) in cash                  -          -
  Cash at beginning of period                      -          -
  Cash at end of period                            -          -


See accompanying Notes to Financial Statements 


                      FREEDOM FUNDING, INC.
                (a development stage company)
                  Notes to Financial Statements
                           (Unaudited)

In the opinion of management, all adjustments (consisting of normal
recurring adjustments) considered necessary for a fair presentation
of the financial condition of registrant have been included, and
the disclosures are adequate to make the information presented not
misleading.

Note 1.  A summary of significant accounting policies is currently
on file with the U.S. Securities and Exchange Commission in
registrant's Form S-18 effective in 1987.

Note 2.  The loss per share was computed by dividing net loss by
the weighted average number of shares of common stock outstanding
during the period.

Note 3.  Registrant has not declared or paid dividends on its
common shares since inception.

Note 4.  The accompanying unaudited condensed financial statements
have been prepared in accordance with the instructions to Form 10-Q
and do not include all information and footnotes required by
generally accepted accounting principles for complete financial
statements.

Note 5.  Income taxes have not been provided for in that registrant
has not had a tax liability from inception through the date of this
filing, due to operating losses.

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

Liquidity

The Company has not generated any cash flows from operating or
investing ctivities since inception.  Operating capital was
primarily provided from inception through 1987 from the proceeds of
an initial funding prior to a public offering and then from the
public offering itself.  The proceeds of these efforts resulted in
approximate gross proceeds of $47,000 in cash and services valued
at $1,000.  An additional $77,140 in operating capital was provided
through the exercise of warrants in the final quarter of 1988, all
of which was expended in the final quarter of 1988.

Results of Operations

The Company had no operations, other than its search for a business
opportunity, from inception through 1988. In 1989, these efforts
ceased due to lack of working capital.  In 1997, this business plan
was again implemented due to an agreement with Mr. Mark S. Pierce
to infuse working capital and services as needed up to the amount
of $100,000.  Mr. Pierce rendered services and expended costs on
behlaf of the Company in the amount of $52,151 during the first
quarter of 1997.


                   PART II - OTHER INFORMATION

Item 1.  Litigation

No material legal proceedings to which the Company (or any officer
or director of the Company, or any affiliate or owner of record or
beneficially of more than five percent of the Common Stock, to
management's knowledge) is a party or to which the property of the
Company is subject is pending and no such material proceeding is
known by management of the Company to be contemplated.

Item 2.  Change in Securities

This item is not applicable to the Company for the period covered
by this report.

Item 3.  Defaults Upon Senior Securities

This item is not applicable to the Company for the period covered
by this report.

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

There were no meetings of security holders during the period
covered by this report; thus, this item is not applicable.

Item 5.  Other Information

There is no additional information which the Company is electing to
report under this item at this time.

Item 6.  Exhibits and Reports on Form S-K

No reports on Form 8-K were filed by the Company during the period
covered by this report.




                           SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned,
thereunto duly authorized this 18th day of April, 1997.

FREEDOM FUNDING, INC.
(Registrant)

By:  /s/ Roger F. Tompkins
Roger F. Tompkins President and 
Chief Executive Officer


By:  /s/ Roger F. Tompkins
Roger F. Tompkins, Chief Financial
and Accounting Officer and
Treasurer