SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549

                                    FORM 10-Q

                 QUARTERLY REPORT UNDER SECTION 13 OR 15 (D) OF
                    THE SECURITIES AND EXCHANGE ACT OF 1934

                         For Quarter Ended Sept. 30, 2000

                          Commission File Number 0-2734
                          American Midland Corporation

                               New York 13-1919009
                (State or other jurisdiction of I.R.S. employer
                  incorporated or organization) identification
                                     number

                      Apartado 337 Puntarenas, Costa Rica
                 (Exact address of principal executive offices)


                                011 506 661 0335
              (Registrant's telephone number, including area code)

              Indicate by (X) whether the registrant (1) has filed
              all reports required to be filed by section 13 or 15
                 (d) of the Securities and Exchange Act of 1934
                during the preceding 12 months, and (2) has been
              subject to such filing requirements for the past 90
                                     days.
                                    Yes X No

                 Common stock, $.01 par value: 5,696,000 shares
                         outstanding as of Sept.30,2000


<PAGE>

PART 1 - FINANCIAL  INFORMATION  ITEM 1. FINANCIAL  STATEMENTS The  accompanying
condensed financial  statements of American Midland Corporation  ("American") at
and for the periods indicated do not include all footnotes and certain financial
statement  disclosure  normally  required under  generally  accepted  accounting
principles;  they should be read in conjunction with the consolidated  financial
statements  of  American  included  in its  annual  report  on Form  10-K to the
Securities  and Exchange  Commission  for the year ended  December 31, 1999. The
interim  condensed   consolidated   financial  statements  included  herein  are
unaudited,  but include all adjustments  consisting of normal recurring accruals
which American  considers  necessary for a fair presentation of its consolidated
financial position and results of operations at and for the respective  periods.
The results of  operations  for the nine months  ended  Sept. 30,2000 are not
necessarily indicative of the results of operations for the year ending December
31, 1999.
 <PAGE>

                             AMERICAN MIDLAND CORP.
                           CONSOLIDATED BALANCE SHEET
                                  (unaudited)

ASSETS                                             Sept. 30,        December 31,
                                                      2000               1999
                                                      ----               ----
Current Assets

Cash .................................             $27,000              $ 4,000

Accounts Receivable..................                   0                23,000

Total Current Assets .......................        27,000               27,000


Investments in and advances to ...............   1,000,000            1,000,000
unconsolidated subsidiary, at
equity (note 1)

Total Assets .......................            $1,027,000           $1,027,000
                                                ==========           ==========


Current Liabilities

Accounts payable                                    120,000             120,000
Notes Payable                                       304,000             304,000
Loans Payable                                       404,000             404,000
                                                    -------             -------

Total Current Liabilities                           464,000             464,000


STOCKHOLDERS' EQUITY
Common Stock                                         57,000              57,000
Capital in excess of par value                   24,785,000          24,785,000
Deficit                                         (24,279,000)        (24,279,000)
                                                -----------         -----------

Total                                          $  1,027,000        $  1,027,000
                                                  ==========         ==========



The accompanying notes are an integral part of these financial
statements.


<PAGE>

                                 AMERICAN MIDLAND CORP.
                            CONSOLIDATED RESULTS OF OPERATIONS
                                               (Unaudited)

                                                       Nine months ended Sept.30
                                                             2000         1999
Income from continuing operations.
Revenues: ..................................                  $0              0
Interest and other Income ..........................           0              0
                                                               -              -


Gross Revenues ...............................                 0             $0

Expenses
Selling and Administrative .....................               0              0
                                                           -----          -----

Total Expenses .........................                       0              0
                                                          ------         ------

Net profit/loss from operations                                0              0

Weighted average number of common
shares outstanding.                                   5,696,000        5,696,000
                                                      =========        =========


                                  AMERICAN MIDLAND CORP.
                            CONSOLIDATED RESULTS OF OPERATIONS
                                               (Unaudited)

                                                      Three months ended Sept.30
                                                             2000          1999
Income from continuing operations.
Revenues: ..................................                  $0              0
Interest and other Income ..........................           0              0
                                                               -              -


Gross Revenues ...............................                 0             $0

Expenses
Selling and Administrative .....................               0              0
                                                           -----          -----

Total Expenses .........................                       0              0
                                                          ------         ------

Net profit/loss from operations                                0              0

Weighted average number of common
shares outstanding.                                   5,696,000        5,696,000
                                                      =========        =========








The accompanying notes are an integral part of these financial
statements.


<PAGE>


                          AMERICAN MIDLAND CORPORATION
                      CONSOLIDATED STATEMENT OF CASH FLOW
                                  (Unaudited)

                                                      nine months ended Sept.30,
                                                     ---------------------------
                                                         2000               1999
                                                         ----               ----
Cash Flow from Operating Activities:                    $   0           $     0
Net Income (Loss)

Payment of Accounts Receivable                         23,000           $     0

Adjustments to reconcile net Income (Loss)
to cash provided by (used in ) operating
activities.                                                 0                 0
                                                            -                 -



Cash Provided by ( Used in ) Operations                     0                 0
Cash at beginning of period                             4,000             6,000
                                                        -----             -----

Cash at end of period                                 $27,000            $6,000
                                                       ======            ======







The accompanying notes are an integral part of these financial
statements.

<PAGE>

                          AMERICAN MIDLAND CORPORATION
                        NOTES TO CONSOLIDATED STATEMENTS
                                  Sept.30, 2000

NOTE 1-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation

The consolidated financial statements include the accounts of American
Midland Corporation ("American) and its wholly owned subsidiaries.
American owns a forty five percent interest in a Costa Rican shrimp fishing
and processing company ("Talmana"). Talmana does not report earnings on
a quarterly basis and its results have not been taken into consideration in this
report. American reports this investment as an investment in an
unconsolidated subsidiary on the equity method, adjusted annually.  All
significant intercompany accounts have been eliminated. American wrote down its
investment in Talmana to $1,000,000 as at December 31, 1999 and was subsequently
advised by Talmana that it may be forced to liquidate and American may not
receive any return from its investment.


Going Concern
American has suffered recurring losses from operation and its current
obligations exceed its current assets.  It has recently settled substantial
obligations and funded said settlements by loans, with an option to convert
$30,000 of said loans into 3,000,000 shares of common stock from its
officers and directors.  It is continuing to attempt to raise additionalfunds to
pay its current outstanding obligations and for future operations. These
matters raise substantial concern about American's ability to continue as a
going concern.


Per Share Calculation
The computation of per share amounts is based on the weighted average
number of common shares outstanding in each period.  Common stock
equivalents, which include stock options are either insignificant or anti-
dilutive.

Investments
Americans's ownership of a $3,000,000 10 year 6% redeemable preferred
stock due December 31, 2002 and it's ownership of forty five percent of the
outstanding common shares of Talmana S.A. is carried on its books as an
investment in an unconsolidated subsidiary.  Dividends on the preferred
stock may be paid in any year in which Talmana has after tax earnings in
excess of $1,500,000 if declared by the board of directors of Talmana.
Dividends not paid are accrued and payable on the Redemption Date.  No
dividends have been paid.  American's investment is carried on the equity
method and no accruals have been made for earned but unpaid dividends.

<PAGE>


Item 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF

FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

RESULTS OF OPERATIONS FOR THE NINE  MONTHS AND THREE MONTHS ENDED
Sept. 30, 2000 vs 1999

American has been inactive since 1994 and has no offices,  employees or business
operations.It owns a 45% interest in a Costa Rican Corporation ("Talmana") which
it has been attempting to sell for the past three years. Its ability to sell the
company is restricted by Costa Rican law which  requires that a fishing  license
in Costa Rica must be owned by a Costa Rican citizen. Management  estimates that
if it is unable to sell its  interest in Talmana  and the company is  liquidated
that  it  will  realize  only a  fraction,  if any of its  investment.  American
maintains a mailing  address  pending the  resolution of its investment in Costa
Rica.
LIQUIDITY AND CAPITAL RESOURCE

American does not have adequate liquidity to maintain its current operation
and has closed its office in New Jersey. Its officers and directors loaned
$40,000 to American, with an option to convert $30,000 of loans to
3,000,000 shares of Americans common stock. American is attempting to raise
additional funds through the private sale of its stock to potential investors,
however it has been unsuccessful to date.


<PAGE>







                                        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 who are duly authorized to do so.

Dated Nov.10,2000                         AMERICAN MIDLAND CORP.




                                            BY: /s/ Irwin S. Lampert
                                            IRWIN S. LAMPERT
                                            SENIOR VICE PRESIDENT
                                            AND TREASURER
                                            (PRINCIPAL FINANCIAL
                                            OFFICER)




<PAGE>

                            PART II. OTHER INFORMATION



Item 1.  Legal Proceedings

See Registrant's Annual Report on Form 10-K for the year ended December
31, 1999.  As of Sept.30, 2000 there was no material change in the status of
the matters described in Item 3 of the Annual Report.


Item 6.  Exhibits and Reports on Form 8-K

(a) Exhibits

    none

(b) Reports on Form 8-K

There were no reports on Form 8-K filed by the Registrant during the three
months ended Sept.30, 2000.