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 September 30, 1996           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 and motor oil
additive.

     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 
                                   



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

                                                   September 30,    June 30,
                                                            1996        1996
Current Assets                                        ----------  ----------
<S>                                                  <C>         <C>
          Cash                                        $     --    $   10,483
          Accounts receivable                             21,188      16,152
          Inventory                                       73,746      73,738
                                                      ----------  ----------
          Total Current Assets                            94,934     100,373
                                                      ----------  ----------
Property and Equipment
          Machinery and equipment                         59,868      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                   158,160     142,508

          Less:  Accumulated Depreciation                (49,796)    (44,260)
                                                      ----------  ----------
          Net Property and Equipment                     108,364      98,248
                                                      ----------  ----------
Other Assets
          Deposits                                         1,000       1,000
         Organization costs net of accumulated 
              amortization of $793 and $198, 
              respectively                                11,107      11,702
                                                      ----------  ----------
          Total Other Assets                              12,107      12,702
                                                      ----------  ----------
   Total Assets                                       $  215,405  $  211,323
                                                      ==========  ==========
</TABLE>
See the accompanying notes to the condensed consolidated financial 
statements.

        



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

<TABLE>
<CAPTION>
                   LIABILITIES AND STOCKHOLDERS' DEFICIT

                                                   September 30,    June 30,
                                                            1996        1996
Current Liabilities                                   ----------  ----------
<S>                                                  <C>         <C>
     Cash overdraft                                   $   28,616  $      --
     Accounts payable                                    156,790     152,782     
      Accrued liabilities                                112,854     108,174     
      Interest payable                                       --       22,791     
      Note payable - related party                       100,180     106,340     
     Notes payable - current portion                      54,357      49,900     
                                                      ----------  ----------
      Total Current Liabilities                          452,797     439,987     
                                                      ----------  ----------
Long-Term Liabilities
     Notes payable                                         7,668       7,668     
                                                      ----------  ----------
 Total Liabilities                                       460,465     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                              (473,613)   (398,922)
       Foreign currency translation adjustment            (2,957)     (2,957)
                                                      ----------  ----------
      Total Stockholders' Deficit                       (245,060)   (236,332)    
                                                      ----------  ----------
 Total Liabilities and Stockholders' Deficit          $  215,405  $  211,323
                                                      ==========  ==========
</TABLE>
See the accompanying notes to the condensed consolidated financial statements.




             JET SET LIFE USA, INC. AND SUBSIDIARIES
         CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                           (UNAUDITED)

<TABLE>
<CAPTION>
                                                     For the Three Months      
                                                       Ended September 30,      
                                                         1996        1995
                                                      ----------  ----------
<S>                                                  <C>         <C>
Sales                                                 $  359,266  $  187,585
Cost of Goods Sold                                       104,763      70,766
                                                      ----------  ----------
      Gross Profit                                       254,503     116,819
                                                      ----------  ----------
Operating Expenses
    General and administrative expense                   185,492      75,144
    Sales and marketing                                  136,557      94,541
    Depreciation and amortization                          6,131       5,084
                                                      ----------  ----------
       Total Operating Expenses                          328,180     174,769
                                                      ----------  ----------
Loss from Operations                                     (73,677)    (57,950)
                                                      ----------  ----------
Interest Expense                                           1,014         479
                                                      ----------  ----------
Net Loss                                              $  (74,691) $  (58,429)
                                                      ==========  ==========
Net Loss Per Share                                    $    (0.00) $    (0.00)
                                                      ==========  ==========
Weighted Average Common Shares 
 Used in Per Share Calculation                        58,317,664  50,530,164
                                                      ==========  ==========
</TABLE>
See the accompanying notes to the condensed consolidated financial statements.




             JET SET LIFE USA, INC. AND SUBSIDIARIES
         CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                           (UNAUDITED)
<TABLE>
<CAPTION>
                                                       For the Three Months     
                                                        Ended September 30,     
                                                            1996        1995
                                                      ----------  ----------
<S>                                                  <C>         <C>
Cash Flows From Operating Activities                  
     Net loss                                         $  (74,691) $  (58,429)
     Adjustment to reconcile net loss to net cash 
      provided by operating activities:
          Depreciation and amortization                    6,131       5,084
     Changes in certain current assets and liabilities
          Accounts receivable                             (5,036)     (3,911)
          Inventory                                           (8)    (18,436)
          Accounts payable                                 4,008      40,251
          Accrued liabilities                              4,680      10,955
                                                      ----------  ----------
      Net Cash Used In Operating Activities              (64,916)    (24,486)    
                                                      ----------  ----------
Cash Flows From Investing Activities
     Purchase of equipment                               (15,652)     (2,562)
                                                      ----------  ----------
     Net Cash Used In Investing Activities               (15,652)     (2,562)
                                                      ----------  ----------
Cash Flows From Financing Activities
     Borrowings under notes payable to 
       related parties                                    35,344         --
       Borrowings under notes payable                     47,629         --              
     Payments on notes payable to related parties         (6,160)        --           
                                                      ----------  ----------
     Net Cash Provided By Financing Activities            41,469      35,344
                                                      ----------  ----------
Net Increase (Decrease) in Cash and Cash Equivalents     (39,099)      8,296

Cash and Cash Equivalents (Cash Overdraft) At 
   Beginning of Period                                    10,483      (1,019)
                                                      ----------  ----------
Cash and Cash Equivalents (Cash Overdraft)
   At End of Period                                   $  (28,616) $    7,277
                                                      ==========  ==========
Supplemental Disclosures of Cash Flow Information:

     Interest Paid                                    $    1,014  $      479
                                                      ==========  ==========
</TABLE>


             JET SET LIFE USA, INC. AND SUBSIDIARIES
      NOTES TO 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 the 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 ssued to settle this 
liability.