SECURITIES AND EXCHANGE COMMISSION
                       WASHINGTON, D.C.  20549



                            FORM 10-QSB/A
                          AMENDMENT NUMBER 1



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


For the Quarter Ended March 31, 1997           Commission File No. 33-18461


                           JET SET LIFE USA, INC.              
        (Exact Name of Registrant as Specified in its Charter)


       Delaware                                 75-2195575    
(State or other jurisdiction of                   (I.R.S. Employer 
incorporation or organization)                    Identification No.)


         21935 Van Buren, Suite 4
        Grand Terrace, California               92313   
     (Address of principal executive offices)            (Zip Code)


                           (909) 783-1800   
                   (Registrant's telephone number,
                         including area code)

                    2060 Chicago Avenue, Suite B-3
                     Riverside, California 92507
                           (Former Address)


Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Sections 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      


As of September 30, 1997, 65,555,091 shares of common stock were
outstanding.



                                PART I

ITEM 1.  FINANCIAL STATEMENTS:  

     Unaudited financial statements for the quarter covered by this
report are attached hereto.

ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
          CONDITION AND RESULTS OF OPERATIONS.

     The Company sells an oil additive and a fuel saving device
named the Triple Charger through its subsidiaries.

     $242,000 in sales were realized during the fiscal year ending
June 30, 1995, $901,000 during fiscal year 1996 and $1,006,000
during the first three quarters of fiscal year ending June 30,
1997.

     The subsidiaries make direct sales through a multi-level
network of independent distributors.  The Triple Charger, now sells
for $229.00 for cars, $699.00 for large diesel trucks and a new
model ready for launch for larger 12 to 16 cylinder locomotive and
industrial engines will sell in the $2,500.00 range.

     In the last six months the Company has acquired exclusive
world-wide distribution rights for a new motor oil.

     With these three products, the Company now plans to start a
major push to recruit many more independent distributors.

                               PART II
ITEM 1.  LEGAL PROCEEDINGS
     None.
ITEM 2.  CHANGES IN SECURITIES
     None.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES
     None.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
     None.

ITEM 5.  OTHER INFORMATION
     On June 30, 1996, the Company acquired Jet Set Life
Technologies, Inc., a privately held Nevada corporation, ("JSLT")
in a business combination accounted for as a pooling of interests.
JSLT became a wholly owned subsidiary of the Company through the
exchange of 13,369,124 shares of the Company's  common stock for
all of the outstanding stock of JSLT.  After the transaction the
shareholders of JSLT owned the majority of stock in the Company and
management of JSLT became management of the Company.  JSLT was
founded and wholly owned by George French, who was president, a
director and controlling shareholder of Company prior to the
acquisition and remained so after the acquisition.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K
     None.


                              SIGNATURES
     
     Pursuant to the requirements of the Securities and Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized:


                                   JET SET LIFE USA, INC.



Date:  October 8, 1997             By:   /s/ George French        
                                      George French, President 
                                   


                                 

  



JET SET LIFE USA, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET
(UNAUDITED)

 <TABLE>
ASSETS

 <CAPTION>                                                      
                                                       March 31,    June 30,
                                                            1997        1996
                                                      ----------  ----------
<S>                                                  <C>         <C>
Current Assets
     Cash                                             $      -    $   10,483
     Accounts receivable                                  21,436      16,152
     Inventory                                            82,867      73,738
                                                      ----------  ----------
          Total Current Assets                           104,303     100,373
                                                      ----------  ----------
Property and Equipment
     Machinery and equipment                              63,622      48,750
     Computer equipment and software                      76,454      76,454
     Furniture and fixtures                                5,976       4,776
     Leasehold improvements                               15,862      12,528
                                                      ----------  ----------
          Total Property and Equipment                   161,914     142,508
                                                      
     Less:  Accumulated Depreciation                     (60,868)    (44,260)
                                                      ----------  ----------
     Net Property and Equipment                          101,046      98,248
                                                      ----------  ----------
Other Assets
     Deposits                                              1,000       1,000
     Organization costs net of accumulated 
        amortization of $1,992 and $198, respectively      9,908      11,702
                                                      ----------  ----------
          Total Other Assets                              10,908      12,702
                                                      ----------  ----------
Total Assets                                          $  216,257  $  211,323
                                                      ==========  ==========
<FN>
See the accompanying notes to the condensed consolidated financial statements.
</FN>
</TABLE>



JET SET LIFE USA, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)
(UNAUDITED)
<TABLE>     

LIABILITIES AND STOCKHOLDERS' DEFICIT
<CAPTION>
                                                        March 31,    June 30,
                                                            1997        1996
                                                      ----------  ----------
<S>                                                  <C>         <C>
Current Liabilities
     Cash overdraft                                   $   48,494  $     --
     Accounts payable                                    155,538     152,782
     Accrued liabilities                                 141,223     108,174
     Interest payable                                        --       22,791
     Note payable - related party                        107,880     106,340
     Notes payable - current portion                     128,321      49,900
                                                      ----------  ----------
          Total Current Liabilities                      581,456     439,987
                                                      ----------  ----------
Long-Term Liabilities
     Notes payable                                         7,668       7,668
                                                      ----------  ----------
Total Liabilities                                        589,124     447,655
                                                      ----------  ----------
Stockholders' Deficit
     Common stock - $0.0001 par value; 100,000,000
        shares authorized; 58,905,091 and 58,317,664 
        shares issued and outstanding                      5,890       5,832
     Additional paid-in capital                          225,620     159,715
     Accumulated deficit                                (601,420)   (398,922)
     Foreign currency translation adjustment              (2,957)     (2,957)
                                                      ----------  ----------
          Total Stockholders' Deficit                   (372,867)   (236,332)
     
Total Liabilities and Stockholders' Deficit           $  216,257  $  211,323
						      ==========  ==========

<FN>
See the accompanying notes to the condensed consolidated financial statements.
</FN>
</TABLE>



JET SET LIFE USA, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
<TABLE>
<CAPTION>
                                  For the Nine Months     For the Three Months     
                                     Ended March 31,         Ended March 31,      
                                      1997        1996        1997        1996
                               -----------  ----------  ----------  ----------
<S>                           <C>          <C>         <C>         <C>           
Sales                          $ 1,005,976  $  603,289  $  277,853  $  219,401
Cost of Goods Sold                 283,082     211,494      73,243      75,059
Gross Profit                       722,894     391,795     204,610     144,342
     
Operating Expenses     
     General and administrative 
       expense                     551,205     216,669     185,495      75,274
     Sales and marketing           354,771     262,137      91,049      81,588     
     Depreciation                   18,402      15,252       6,140       5,084
                               ----------   ----------  ----------  ----------
  Total Operating Expenses         924,378     494,058     282,684     161,946          
     
Loss from Operations              (201,484)   (102,263)    (78,074)    (17,604)
     
Interest Expense                     1,014       1,982         --          479
                               -----------  ----------  ----------  ----------
Net Loss                       $  (202,498) $ (104,245) $  (78,074) $  (18,083)
                               ===========  ==========  ==========  ==========
Net Loss Per Share             $     (0.00) $    (0.00) $    (0.00) $    (0.00)
                               ===========  ==========  ==========  ==========
Weighted Average Common Shares 
 Used in Per Share Calculation  58,712,141  50,530,164  58,905,091  50,530,164
                               ===========  ==========  ==========  ==========
<FN>
See the acccompanying notes to the condensed consolidated financial statements.
</FN>
</TABLE>



JET SET LIFE USA, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
<TABLE>
<CAPTION>
                                                       For the Nine Months       
                                                          Ended March  31,         
                                                            1997        1996
                                                      ----------  ----------
<S>                                                  <C>         <C>             
Cash Flows From Operating Activities
     Net loss                                         $ (202,498) $ (104,245)
     Adjustment to reconcile net loss to net cash 
      provided by operating activities:
     Depreciation                                         18,402      15,252
     Changes in certain current assets and liabilities
     Accounts receivable                                  (5,284)    (11,863)     
     Inventory                                            (9,129)    (55,306)
     Accounts payable                                      2,756     120,631
     Accrued liabilities                                  33,049      32,865
                                                      ----------  ----------
     Net Cash Used In Operating Activities              (162,704)     (2,666)
                                                      ----------  ----------
Cash Flows From Investing Activities
     Purchase of equipment                               (19,406)    (19,822)
                                                      ----------  ----------
     Net Cash Used In Investing Activities               (19,406)    (19,822)
                                                      ----------  ----------
Cash Flows From Financing Activities
     Borrowings under notes payable to 
        related parties                                    7,700      47,983     
     Borrowings under notes payable                      121,596         --
     Payments on notes payable to related parties         (6,163)        --
     Payments on notes payable                               --      (10,470)
                                                      ----------  ----------
     Net Cash Provided By Financing Activities           123,133      37,513
                                                      ----------  ----------
Net Increase (Decrease)in Cash and Cash Equivalents      (58,977)     15,025     

Cash and Cash Equivalents (Cash Overdraft) 
   At Beginning of Year                                   10,483      (1,019)

Cash and Cash Equivalents (Cash Overdraft)
   At End of Year                                     $  (48,494) $   14,006
                                                      ==========  ==========
Supplemental Disclosures of Cash Flow Information:

     Interest Paid                                    $    1,014  $    1,982
                                                      ==========  ==========
<FN>
See the accompanying notes to the condensed consolidated financial statements.
</FN>
</TABLE>



JET SET LIFE USA, INC. AND SUBSIDIARIES
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


NOTE 1--CONDENSED FINANCIAL STATEMENTS 
The accompanying condensed financial statements have been prepared by the 
Company, and are not audited. All adjustments necessary for fair presentation 
have been included, and consist only of normal recurring adjustments. These 
financial statements are condensed and, therefore, do not include all 
disclosures normally required by generally accepted accounting principles. 
These statements should be read in conjunction with the Company's annual 
financial statements included in the Company's Annual Report on Form 10-KSB. 
The financial position and results of operations presented in the 
accompanying financial statements are not necessarily indicative of the 
results to be generated for the remainder of the year.

NOTE 2--SUBSEQUENT EVENTS 
     
In April 1997, the Company committed to issue 2,650,000 shares of its common 
stock for services rendered to the Company. These shares were valued at $0.01 
per share, which was the market value of the stock at the time the commitment 
was made.

In April 1997, the Company entered into an agreement whereby the Company will 
pay $3,000,000 to acquire the rights to certain technology relating to a 
catalytic cartridge which is used as part of one of the Company's products. 
$1,500,000 due under this agreement will be paid by issuance of a promissory 
note which is due and payable in cash or shares at the sellers option by 
October 2001; interest will accrue at 4.50% payable annually with the first 
payment due October 1998. The agreement provides that the remaining 
$1,500,000 will be paid by the issuance of 1,500,000 shares of the Company's 
common stock, provided the bid price of the stock in a public market at June 
27, 1997 is at least $0.33 per share. If this is not the case, the Company 
must pay $5,625 per month until the Company's common stock reaches a bid 
price of $0.33 per share.

In April 1997, the Company entered into an agreement whereby the Company will 
issue 2,000,000 shares of the Company's common stock for exclusive worldwide 
distribution rights for an oil additive. 

In April 1997, the Company entered into an agreement with an individual, 
whereby the Company agreed to issue 500,000 shares of common stock to the 
individual. In return, the individual will attempt to promote the Company, 
will attempt to keep market makers up to date on Company developments and 
will be available for additional general consulting. The market value of the 
shares at the time of the commitment was $0.01 per share.

Subsequent to June 30, 1996, The Company has expanded its operations into New 
Zealand, Australia and Germany through the establishment of subsidiary 
companies in those countries.

In settlement of a judgement against the Company in favor of Financial 
Sciences of America, with a principal balance of $43,175 and accrued interest 
of $22,791, the Company has agreed to issue 1% of the outstanding shares of 
Jet Set Life USA as of June 30, 1996 and 1% of any shares subsequently issued 
for the next two years. Under the agreement, for a two year period commencing 
June 30, 1996 and ending June 30, 1998, the Company has the option to 
repurchase all shares issued to Financial Services of America for $100,000. 
Subsequent to June 30, 1996, 587,427 shares have been issued to settle this 
liability.