U.S. SECURITIES AND EXCHANGE COMMISSION

                           Washington, DC  20549


                                FORM 10-QSB



             X  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE


                      SECURITIES EXCHANGE ACT OF 1934


              For the quarterly period ended: March  31, 2000



                TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE


                               EXCHANGE ACT

                        Commission file No. 0-13167


                             TM CENTURY, INC.
        (Name of small business issuer as specified in its charter)


     Delaware                                        73-1220394
   (State of incorporation)           (IRS Employer Identification  No.)


   2002 Academy, Dallas, Texas                              75234
   (Address of principal executive offices)               (Zip Code)

   Issuer's telephone number:                         (972) 406-6800


   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 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___

   The number of issuer's shares of Common Stock outstanding as of
   March 31, 2000 was 2,483,193.

   Transitional Small Business Disclosure Format (check one): Yes___  No X
<PAGE>
<TABLE>
                                   TM Century, Inc.
                                    Balance Sheets
                As of March 31, 2000 (Unaudited) and September 30, 1999
<CAPTION>
                                        ASSETS

                                                                  March 31,2000     September 30,1999
                                                                  _____________     _________________
       <S>                                                              <C>                 <C>
   CURRENT ASSETS
      Cash and Cash Equivalents                                    $      1,149          $    354,332
      Accounts receivable less allowance for doubtful accounts
        of $102,398 and $100,000 respectively                           640,676               721,538
      Inventories, net of allowance for obsolescence of $258,545        444,738               446,279
      Prepaid expenses                                                   20,093                31,277
                                                                   ____________          ____________
            TOTAL CURRENT ASSETS                                      1,636,656             1,553,426

   PROPERTY AND EQUIPMENT                                             2,647,002             2,563,220
      Less accumulated depreciation and amortization                 (2,196,012)           (2,116,116)
                                                                   ____________          ____________
            NET PROPERTY AND EQUIPMENT                                  450,990               447,104

   PRODUCT DEVELOPMENT COSTS, net of accumulated
      amortization of $1,709,961 and $1,630,071 respectively            357,876               324,094
   COMEDY MATERIAL RIGHTS, net of accumulated amortization
      of $31,000 and $18,600 respectively                                93,000               105,400
   OTHER ASSETS                                                          19,866                19,316
                                                                   ____________          ____________
      TOTAL ASSETS                                                 $  2,558,388          $  2,449,340
                                                                   ============          ============
<PAGE>
                         LIABILITIES AND STOCKHOLDERS' EQUITY

   CURRENT LIABILITIES
      Accounts payable                                             $     55,168          $     63,508
      Accrued expenses                                                  153,960               196,978
      Current portion of obligation under capital lease                       0                 3,202
      Current portion of note payable                                    33,333                33,333
      Deferred revenue                                                  123,215               127,382
      Customer deposits                                                  33,307                37,623
                                                                   ____________          ____________
            TOTAL CURRENT LIABILITIES                                   398,983               462,026

   NOTE PAYABLE, less current portion                                    49,000                65,667
   CUSTOMER DEPOSITS - NONCURRENT                                       138,080                99,114
   ACCRUED SETTLEMENT FOR RIAA DISPUTE                                  405,100               405,100
                                                                   ____________          ____________
            TOTAL LIABILITIES                                           991,163             1,031,907

   STOCKHOLDERS' EQUITY
      Common stock, $.01 par value; authorized 7,500,000 shares;         29,705                29,705
        2,970,481 shares issued; and 2,483,193 shares outstanding
      Additional paid-in capital                                      2,275,272             2,275,272
      Treasury stock - at cost, 487,288 shares                       (1,291,227)           (1,291,227)
      Retained earnings                                                 553,475               403,683
                                                                   ____________          ____________
            TOTAL STOCKHOLDERS' EQUITY                                1,567,225             1,417,433

      TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                   $  2,558,388          $  2,449,340
                                                                   ============          ============

                 See notes to interim financial statements
</TABLE>
<PAGE>
<TABLE>

                                   TM Century, Inc.
              Statements of Operations and Retained Earnings (Unaudited)
                  For the Three Months Ended March 31, 2000 and 1999


                                                                   2000          1999
                                                                ___________   ___________
       <S>                                                           <C>           <C>
   REVENUES                                                     $ 1,684,901   $ 1,532,959
     Less  Commissions                                              341,771       299,908
                                                                ___________   ___________
      NET REVENUES                                                1,343,130     1,233,051

   COSTS AND EXPENSES
     Production, Programming, and Technical Costs                   474,965       585,316
     General and Administrative Costs                               499,842       569,001
     Selling Costs                                                  272,340       164,307
     Depreciation and Amortization of Property and Equipment         40,161        78,030
     Reduction in Carrying Value of Inventories                           0         6,000
                                                                ___________   ___________
      TOTAL                                                       1,287,308     1,402,654

   OPERATING INCOME (LOSS)                                           55,822      (169,603)

   OTHER INCOME (EXPENSE)
     Interest income                                                  2,526           454
     Other (expense) income, net                                      1,081       (16,791)
                                                                ___________   ___________
      TOTAL                                                           3,607       (16,337)

   NET INCOME (LOSS)                                                 59,429      (185,940)
                                                                ___________   ___________

   RETAINED EARNINGS, BEGINNING OF PERIOD                       $   494,046   $   281,272
                                                                ___________   ___________
   RETAINED EARNINGS, END OF PERIOD                             $   553,475   $    95,332
                                                                ===========   ===========
   BASIC INCOME (LOSS) PER COMMON SHARE                         $      0.02   $     (0.07)
                                                                ===========   ===========
   DILUTED INCOME (LOSS) PER COMMON SHARE                       $      0.02   $     (0.07)
                                                                ===========   ===========

   WEIGHTED AVERAGE COMMON SHARES OUTSTANDING                     2,483,193     2,483,193
                                                                ===========   ===========
   WEIGHTED AVERAGE COMMON SHARES OUTSTANDING,
     ASSUMING DILUTION                                            2,693,446          N/A
                                                                ===========   ===========

             See notes to interim financial statements
</TABLE>
<PAGE>
<TABLE>

                                   TM Century, Inc.
              Statements of Operations and Retained Earnings (Unaudited)
                   For the Six Months Ended March 31, 2000 and 1999



                                                                    2000           1999
                                                                 ___________   ___________
      <S>                                                            <C>             <C>
   REVENUES                                                      $ 3,286,791   $ 3,022,727
     Less  Commissions                                               626,254       586,929
                                                                 ___________   ___________
      NET REVENUES                                                 2,660,537     2,435,798

   COSTS AND EXPENSES
     Production, Programming, and Technical Costs                    957,287     1,103,577
     General and Administrative Costs                                968,983     1,127,651
     Selling Costs                                                   498,751       337,524
     Depreciation and Amortization of Property and Equipment          87,896       159,030
     Reduction in Carrying Value of Inventories                            0        12,000
                                                                 ___________   ___________
      TOTAL                                                        2,512,917     2,739,782

   OPERATING INCOME (LOSS)                                           147,620      (303,984)

   OTHER INCOME (EXPENSE)
     Interest income                                                   1,138         2,004
     Other (expense) income, net                                       1,034       (18,841)
                                                                 ___________   ___________
      TOTAL                                                            2,172       (16,837)

   NET INCOME (LOSS)                                                 149,792      (320,821)


   RETAINED EARNINGS, BEGINNING OF PERIOD                            403,683       416,153
                                                                 ___________   ___________

   RETAINED EARNINGS, END OF PERIOD                              $   553,475   $    95,332
                                                                 ===========   ===========
   BASIC INCOME(LOSS)PER COMMON SHARE                            $      0.06   $    (0.13)
                                                                 ===========   ===========
   DILUTED INCOME (LOSS) PER COMMON SHARE                        $      0.06   $    (0.13)
                                                                 ===========   ===========

   WEIGHTED AVERAGE COMMON SHARES OUTSTANDING                      2,483,193     2,483,193
                                                                 ===========   ===========
   WEIGHTED AVERAGE COMMON SHARES OUTSTANDING,
     ASSUMING DILUTION                                             2,691,431           N/A
                                                                 ===========   ===========

                  See notes to interim financial statements
</TABLE>
<PAGE>
<TABLE>

                                  TM Century, Inc.
                         Statement of Cash Flows (Unaudited)
                  For the Six Months Ended March 31, 2000 and 1999

                                                                            2000          1999
                                                                        ___________    ___________
          <S>                                                                <C>            <C>
   OPERATING ACTIVITIES
        Net income (loss)                                               $   149,792     $ (320,821)
        Adjustments to reconcile net income (loss) to
        net cash provided by operating activities
               Depreciation and amortization of property and equipment       87,896        159,030
               Amortization                                                  92,290        119,547
               Provision for settlement of RIAA dispute                           0         15,554
               Provision for doubtful accounts                                2,398        (36,150)
               Reduction in carrying value of inventories                         0         12,000
   Increase (decrease) in cash from changes in
   operating assets and liabilities:
               Accounts receivable                                           78,463        192,231
               Inventories                                                    1,541         20,874
               Product development costs                                   (113,672)       (67,825)
               Prepaid expenses                                              11,184          3,482
               Other assets                                                    (550)             0
               Accounts payable and accrued expenses                        (51,358)       (61,786)
               Deferred revenue                                              (4,167)        (9,229)
               Customer deposits                                             34,650          9,833
                                                                        ___________    ___________
        NET CASH PROVIDED BY OPERATING ACTIVITIES                           288,467         36,740

   INVESTING ACTIVITIES
        Purchases of property and equipment                                 (91,782)       (53,134)
                                                                        ___________    ___________
        NET CASH USED BY INVESTING ACTIVITIES                               (91,782)       (53,134)

   FINANCING ACTIVITIES
        Principal payments on note payable                                  (16,666)        (8,334)
        Principal payments on capital lease obligations                      (3,202)       (93,741)
                                                                        ___________    ___________
        NET CASH USED BY FINANCING ACTIVITIES                               (19,868)      (102,075)
                                                                        ___________    ___________
   NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                     176,817       (118,469)

   CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                         354,332        348,957
                                                                        ___________    ___________
   CASH AND CASH EQUIVALENTS AT END OF PERIOD                           $   531,149    $   230,488
                                                                        ===========    ===========

   Supplemental disclosures of cash flow information:

       Cash paid for interest                                           $        46    $     3,287
                                                                        ===========    ===========
       Non-cash investing and financing activities:
          Note payable incurred to purchase Comedy Service              $         0    $   124,000
                                                                        ===========    ===========

                See notes to interim financial statements
</TABLE>
<PAGE>


                              TM CENTURY INC.

                   NOTES TO INTERIM FINANCIAL STATEMENTS

                          MARCH 31, 2000 AND 1999

   1.  BASIS OF PRESENTATION

   The interim financial statements of TM Century, Inc. (the  "Company")
   at March 31, 2000, and for the  three and six months ended March  31,
   2000 and 1999, are unaudited, and include all adjustments (consisting
   only of  normal recurring  adjustments) which  the Company  considers
   necessary for a fair presentation.   The September 30, 1999,  balance
   sheet was derived from  the balance sheet  included in the  Company's
   audited financial statements  as filed on  Form 10-KSB  for the  year
   ended September 30,  1999.   Certain amounts  previously reported  in
   prior interim financial statements have been reclassified to  conform
   to the 2000 presentation.

   The accompanying  unaudited  interim  financial  statements  are  for
   interim periods and do not include all disclosures normally  provided
   in annual financial  statements, and  should be  read in  conjunction
   with the Company's  audited financial statements.   The  accompanying
   unaudited interim financial statements for  the three and six  months
   ended March 31, 2000, are not  necessarily indicative of the  results
   which can be expected for the entire fiscal year.


   2.  LONG-TERM DEBT

   Effective January 2,  1999, the Company  purchased the remaining  50%
   interest of certain comedy material that was written and produced  by
   an individual for  broadcast by radio  stations and  marketed by  the
   Company, resulting in the Company owning 100% of such Comedy Service.
   For consideration of the comedy material  and the Company being  able
   to use the individual's name in connection with promoting the  Comedy
   Service for a period of five years, the Company agreed to pay to  the
   individual a  total  of $124,000,  payable  over five  years  through
   December 2, 2003.


   3.  STOCK OPTION PLAN

   On March 20,  2000 the  Board of  Directors approved  the 2000  Stock
   Option Plan (the "Plan") which provides for grants of Incentive Stock
   Options to selected  employees and for  grants of Nonqualified  Stock
   Options to any persons who, in the opinion of the Board of Directors,
   perform significant services  on behalf of  the Company. The  maximum
   number of  shares which  may be  issued under  the Plan  was  350,000
   shares.
<PAGE>

   4.  EARNINGS PER SHARE

   Basic earnings  per  share are  calculated  on the  weighted  average
   number of  common  shares  outstanding during  each  period.    Stock
   options exercisable  at  March 31,  2000  had a  dilutive  effect  on
   Earnings Per Share for the three and  six month periods of 2000.   No
   dilution is shown for the three  and six months ended March 31,  1999
   as the effect would be anti-dilutive for that period.

<TABLE>
   The following  table  provides  a reconciliation  between  basic  and diluted earnings per share:

                                                         Three Months Ended             Six Months Ended
                                                              March 31                      March 31
                                                      _________________________    _________________________
                                                          2000          1999            2000         1999
                                                          ____          ____            ____         ____
           <S>                                              <C>          <C>            <C>           <C>
   Net Income (Loss)                                  $    59,429   $  (185,940)   $   149,792   $  (320,821)

   Weighted Average Number of Shares Outstanding
         Basic                                          2,483,193     2,483,193      2,483,193     2,483,193
         Dilutive effect of common stock equivalents      210,253             0        208,238             0
                                                      ___________   ___________    ___________   ___________
         Diluted                                        2,693,446     2,483,193      2,691,431     2,483,193
   Earnings Per Share:
   Basic Net Income (Loss)                            $       .02   $     (0.07)   $       .06   $     (0.13)
                                                      ===========   ===========    ===========   ===========
   Diluted Net Income (Loss)                          $       .02   $     (0.07)   $       .06   $     (0.13)
                                                      ===========   ===========    ===========   ===========
</TABLE>



   5.  LEGAL PROCEEDINGS

   On May 22,  1998, the Company  received a letter  from the  Recording
   Industry Association of  America, Inc.  (RIAA) alleging  that it  was
   illegally duplicating sound recordings of the RIAA's member companies
   in its Mobile Beat  Series I and II  and Mobile Beat Holiday  Series.
   The RIAA alleged substantial damages in the amount of $76,000,000 and
   stated that it would consider a pre-complaint settlement.  Settlement
   discussions then ensued  and are continuing.   On June  30, 1998  the
   Company and its  counsel met with  RIAA  and  its counsel.   At  this
   meeting the RIAA made a demand for $3 million to settle the  dispute.
   In September,  1998  mediation  was  undertaken  with  no  settlement
   resulting.

   Thus far no discovery has been undertaken.  The Company believes that
   it has a meritorious defense to  many of the claims asserted, but  it
   is possible that  it will  not prevail if  the matter  is brought  to
   litigation.   Any  significant  cash amount  paid  in  settlement  or
   awarded in  judgment  would likely  have  an adverse  effect  on  the
   Company.
<PAGE>

   The Company recorded a reserve for  possible loss of $385,000 on  the
   terms of  its latest  settlement offer  based on  annual payments  of
   $50,000 over a period of eleven years.  The recorded reserve reflects
   a discount of the  settlement offer using a  discount rate of 8%  per
   annum.  During  1999 the Company  accrued interest in  the amount  of
   $20,100 through June 30, 1999.

   As the RIAA  has rejected the  most recent settlement  offer with  no
   counter offer, the Company will not continue to accrue any additional
   provision for  settlement of  the dispute,  nor will  it continue  to
   accrue legal costs related to the matter, however, it is management's
   opinion that  the  accrual balance  is  a "best  estimate"  based  on
   current circumstances.
<PAGE>

                             TM CENTURY, INC.

                  MANAGEMENT'S DISCUSSION AND ANALYSIS OF

               FINANCIAL CONDITION AND RESULTS OF OPERATION

   TM Century, Inc. (the "Company") is engaged primarily in the
   creation, production, marketing, and worldwide distribution of
   compact disc music libraries, production libraries, comedy services,
   station identification jingles and commercials for broadcast media
   use.

   TM Century's clients include radio and television stations; radio,
   television, satellite and Internet networks; web sites and portals;
   the American Forces Radio Network; numerous advertising agencies and
   commercial businesses.

   Forward-Looking Statements
   __________________________

   This Quarterly Report contains  forward-looking statements about  the
   business, financial  condition  and  prospects of  the  Company  that
   reflect assumptions made by management and management's beliefs based
   on information currently available  to it.  The  Company can give  no
   assurance that  the expectations  indicated by  such  forward-looking
   statements will  be realized.   If  any of  management's  assumptions
   should prove  incorrect, or  if any  of the  risks and  uncertainties
   underlying such expectations should materialize, the Company's actual
   results may differ  materially from those  indicated by the  forward-
   looking statements.

   The key factors that  are not within the  Company's control and  that
   may have a direct bearing on  operating results include, but are  not
   limited to, continued  maturation of the  domestic and  international
   markets for compact disc technology;  acceptance by the customers  of
   the  Company's  existing  and  any  new  products  and  formats;  the
   development by competitors of products using improved or  alternative
   technologies and the potential  obsolescence of technologies used  by
   the Company;  the continued  availability of  software, hardware  and
   other products obtained by the Company from third parties; dependence
   on distributors,  particularly in  the international  market, and  on
   third parties engaged to replicate the Company's products on  compact
   discs; the  retention  of employees;  the  success of  the  Company's
   current  and  future  efforts  to  reduce  operating  expenses;   the
   effectiveness of  new  marketing  strategies;  and  general  economic
   conditions.  Additionally, the  Company may not  have the ability  to
   develop new products cost-effectively.  There may be other risks  and
   uncertainties that management is not able to predict.

   When used  in  this  Quarterly  Report,  words  such  as  "believes",
   "expects", "intends", "plans", "anticipates",  "estimates"   and
   similar  expressions   are  intended   to  identify   forward-looking
   statements, although there may be certain forward-looking  statements
   not accompanied by such expressions.  All forward-looking  statements
   are intended to be covered by the safe harbor created by Section  21E
   of the Securities Exchange Act of 1934.
<PAGE>

   LIQUIDITY AND CAPITAL RESOURCES

   The Company relies upon current sales of music libraries and  jingles
   on terms of cash upon delivery for operating liquidity.  Liquidity is
   also provided by  cash receipts  from customers  under contracts  for
   production libraries and weekly music service contracts having  terms
   of up  to four  years.   The Company  is obligated  to provide  music
   updates throughout the contract terms for both production library and
   weekly music service contracts.   Sales of music libraries,  jingles,
   and the payments  under production library  and weekly music  service
   contracts  will  provide  in  the  opinion  of  management,  adequate
   liquidity to meet operating requirements at least through the end  of
   fiscal 2000.

   During the quarter  ended March  31, 2000  approximately $43,000  was
   spent  for  the  purchase   of  property  and  equipment,   primarily
   associated with upgrades of computer hardware  and the purchase of  a
   replacement vehicle for product transport.  Purchases of property and
   equipment   for    the   same    period   in    1999   was    $1,300.
   Expenditures  for   product   development  for   the   quarter   were
   approximately $59,000 and  $36,000 for 2000  and 1999,  respectively.
   Funds for  operating  needs,  new  product  development  and  capital
   expenditures for  the period  were provided  from cash  reserves  and
   operations of the  Company.  The  Company generated  cash flows  from
   operations of  approximately  $288,000  and $37,000  during  the  six
   months ended March 31,  2000 and 1999,  respectively.  The  Company's
   expenditures for property, equipment, and development of new products
   are discretionary.  Product development expenditures are expected  to
   be approximately  $185,000 in  fiscal 2000.   Management  anticipates
   that cash flow from operations and  cash reserves will be  sufficient
   to meet these capital requirements at least through the end of fiscal
   year 2000.   The  Company has  no other  significant commitments  for
   capital expenditures in fiscal 2000.


   RESULTS OF CONTINUING OPERATIONS

   Comparison of the Three-Month Periods Ended March 31, 1999 and 2000
   ___________________________________________________________________

   Revenues increased approximately $152,000 or 10.0% in the three-month
   period ended March 31,  2000 as compared to  the same period for  the
   previous year.  The revenue increase was primarily due to an increase
   in revenues for production libraries of $157,000, Comedy services  of
   $72,000 and music  services of $19,000.   Offsetting these  increases
   was a decrease in Jingle revenue of $101,000.

   Revenues of weekly HitDisc services decreased $14,000, while GoldDisc
   revenues rose $33,000, resulting in a net increase in music  services
   revenue of 2.9% as compared to the same period of the previous  year.
   As the compact disc  music library market  matures, sales of  compact
   discs are generated primarily from changes in music formats or  sales
   of new music  libraries or formats  rather than  from conversions  to
   compact disc music delivery technology.  The market for compact  disc
   music libraries  to broadcast  customers  has reached  a  substantial
   level of maturity  in the  United States,  which is  the market  from
   which the Company  derives most  of its  music library  revenues.
   <PAGE>

   A decline in revenues from  music library  sales  may  result  in  a
   proportionately greater  decline in  operating income  because  music
   libraries provide higher margins  than the Company's other  products.
   However, management believes  the introduction of  new products  will
   counteract the declines  in revenues from  existing music  libraries.
   In  addition,   the  Company   contracts  with   third  party   sales
   representatives for sales  in certain  foreign markets.   Changes  in
   representatives and the terms of  ongoing agreements are expected  to
   favorably impact future revenues from international sales.   Renewals
   and new sales growth  are subject to customer  acceptance of the  new
   products.

   Production library revenues increased $157,000, or 50.1%.   Increases
   in production library revenue is due  to the substantial increase  in
   advertising sales.    Even  though production  library  revenues  may
   decline due  to the  expiration of  three-year contracts,  management
   believes that  production  libraries  will  continue  to  generate  a
   significant portion  of  overall  revenues  from  sales  of  existing
   products through  advertising/barter arrangements  and sales  of  new
   products.   The  Company  continues to  concentrate  on  new  product
   development in  this category  and has  broadened the  target  market
   beyond the  radio  broadcast  industry to  include  television,  post
   production houses, web  sites and commercial  businesses.  Sales  and
   new sales  growth  are subject  to  customer acceptance  of  the  new
   products.

   Jingles revenue decreased  $101,000 or 27%  over the  same period  in
   1999 due to a combination of circumstances including reduced sales of
   both domestic and international jingles  and a decrease in  royalties
   revenue.

   Commissions increased $42,000 or 14.00%, and reflects the increase in
   barter revenue.  As a  percentage of revenues, commissions  increased
   from 19.5% to 20.3% due to  changes in the revenue structure where  a
   greater percentage of revenue is on barter.

   Production, programming  and technical  costs decreased  $110,000  or
   18.8%, and as a percentage of revenue decreased from 38.2% to  28.2%.
   The decrease  in costs  is due  to a  combination of  cost  reduction
   efforts and  staff reorganization  which resulted  in more  efficient
   disc production.

   General  and  administrative  costs   decreased  $69,000  or   12.0%,
   reflecting a  decrease  in legal  costs,  salaries and  benefits  and
   facilities expenses.

   Selling costs increased  $108,000 or 65.8%,  and as  a percentage  of
   revenues increased from 10.7% to 16.2%.  The increase in expenses was
   created by an increase in the international sales staff to facilitate
   direct international sales efforts, as well as the addition of  sales
   staff members to allow a broadening of the domestic sales market.

   Depreciation and  amortization of  property and  equipment  decreased
   $38,000 or  48.5% and  is primarily  due to  more depreciable  assets
   nearing the end of their depreciable years.
<PAGE>

   Comparison of the Six-Month Periods Ended March 31, 1999 and 2000
   _________________________________________________________________

   Revenues increased approximately  $264,000 or 8.7%  in the  six-month
   period ended March 31,  2000 as compared to  the same period for  the
   previous year.  The revenue increase was primarily due to an increase
   in revenues for production libraries  of $265,000 and Comedy  service
   of $110,000.   Offsetting  these increases  were decreases  in  music
   services revenue of $57,000 and Jingles revenue of $63,000.

   Revenues of weekly HitDisc services decreased $70,000, while GoldDisc
   revenues increased $13,000, a net decrease of 3.9% as compared to the
   same period for  the previous  year.   The decrease  in compact  disc
   music library revenues was primarily due to a decrease in weekly  and
   recurrent music sales  for international customers.   As the  compact
   disc music  library  market  matures,  sales  of  compact  discs  are
   generated primarily from  changes in music  formats or  sales of  new
   music libraries or  formats rather than  from conversions to  compact
   disc music delivery technology.   The market  for compact disc  music
   libraries to broadcast customers has  reached a substantial level  of
   maturity in the  United States, which  is the market  from which  the
   Company derives most  of its music  library revenues.   A decline  in
   revenues from music  library sales  may result  in a  proportionately
   greater decline in operating  income because music libraries  provide
   higher  margins  than  the   Company's  other  products.     However,
   management believes the introduction of new products will  counteract
   the declines in revenues from existing music libraries.  In addition,
   the Company  contracts with  third  party sales  representatives  for
   sales in certain foreign markets.  Changes in representatives and the
   terms of ongoing agreements are  expected to favorably impact  future
   revenues from international sales.  Renewals and new sales growth are
   subject to customer acceptance of the new products.

   Production library revenues increased $266,000, or 44.8%.   Increases
   in production library revenue is due  to the substantial increase  in
   advertising sales.    Even  though production  library  revenues  may
   decline due  to the  expiration of  three-year contracts,  management
   believes that  production  libraries  will  continue  to  generate  a
   significant portion  of  overall  revenues  from  sales  of  existing
   products through  advertising/barter arrangements  and sales  of  new
   products.  The  Company  continues  to  concentrate  on  new  product
   development in  this category  and has  broadened the  target  market
   beyond the  radio  broadcast  industry to  include  television,  post
   production houses, web  sites and commercial  businesses.  Sales  and
   new sales  growth  are subject  to  customer acceptance  of  the  new
   products.

   Revenues  for  Jingles  decreased   approximately  $63,000  or   9.8%
   primarily  because  of  a  decrease  in  international  jingle  sales
   compared to the same six month period in fiscal 1999.

   Commissions increased  $39,000  or  6.7%, and  is  a  result  of  the
   increase in  barter  revenue,  offset by  the  decrease  in  revenues
   derived  from  third  party   international  representatives.  As   a
   percentage of revenues, commissions decreased from 19.4% to 19.0%.
<PAGE>

   Production, programming  and technical  costs decreased  $146,000  or
   13.2%,  reflecting  cost reduction efforts  and staff  reorganization
   which resulted in more efficient disc production.

   General and administrative  costs decreased  $159,000 or  14.1% as  a
   result of  the  Company's  continued efforts  in  reducing  operating
   expenses.    These  efforts  include  subleasing  a  portion  of  the
   Company's  office  space,   restructuring  management  salaries   and
   reducing the amount of bad debt  expense by continuing an  aggressive
   collection policy toward accounts receivable.

   Selling costs increased  $161,000 or 47.8%,  and as  a percentage  of
   revenues increased from 11.2% to 15.2%.  The increase in expenses  is
   due to an increase in sales salaries as a result of changes in  sales
   force and in-house commission plans.


   Depreciation and  amortization of  property and  equipment  decreased
   $71,000 or  44.7% and  is primarily  due to  more depreciable  assets
   nearing the end of their depreciable years.
<PAGE>

                        PART II. OTHER INFORMATION

   Item 1. Legal proceedings

   On May 22,  1998, the Company  received a letter  from the  Recording
   Industry Association of  America, Inc.  (RIAA) alleging  that it  was
   illegally duplicating sound recordings of the RIAA's member companies
   in its Mobile Beat  Series I and II  and Mobile Beat Holiday  Series.
   The RIAA alleged substantial damages in the amount of $76,000,000 and
   stated that it would consider a pre-complaint settlement.  Settlement
   discussions then ensued  and are continuing.   On June  30, 1998  the
   Company and its  counsel met with  RIAA  and  its counsel.   At  this
   meeting the RIAA made a demand for $3 million to settle the  dispute.
   In September,  1998  mediation  was  undertaken  with  no  settlement
   resulting.

   Thus far no discovery has been undertaken.  The Company believes that
   it has a meritorious defense to  many of the claims asserted, but  it
   is possible that  it will  not prevail if  the matter  is brought  to
   litigation.   Any  significant  cash amount  paid  in  settlement  or
   awarded in  judgment  would likely  have  an adverse  effect  on  the
   Company.

   The Company recorded a reserve for  possible loss of $385,000 on  the
   terms of  its latest  settlement offer  based on  annual payments  of
   $50,000 over a period of eleven years.  The recorded reserve reflects
   a discount of the  settlement offer using a  discount rate of 8%  per
   annum.  During  1999 the Company  accrued interest in  the amount  of
   $20,100 through June 30, 1999.

   As the RIAA  has rejected the  most recent settlement  offer with  no
   counter offer, the Company will not continue to accrue any additional
   provision for  settlement of  the dispute,  nor will  it continue  to
   accrue legal costs related to the matter, however, it is management's
   opinion that  the  accrual balance  is  a "best  estimate"  based  on
   current circumstances.

   Item 2. Changes in securities - Not applicable.

   Item 3. Defaults upon senior securities - Not applicable.

   Item 4. Submission of matters to a vote of security holders

   The holders  of  approximately  69.5%  or  1,725,750  shares  of  the
   outstanding common stock of the Company, by written consent  executed
   as of March 20, 2000 in accordance with Delaware law, (i)  re-elected
   all five  directors of  the Company,  Marjorie  L. McIntyre,  A.  Ann
   Armstrong, Carol M.  Long, Michael Cope  and R.  David Graupner,  and
   (ii) approved  an amendment  to the  Long-Term Performance  Incentive
   Plan to accommodate  the granting of  options to a  larger number  of
   employees. The  Company  did  not  solicit  proxies  or  consents  in
   connection therewith.
<PAGE>

   Item 5. Other information - Not applicable.

   Item 6. Exhibits and Reports on Form 8-K

   (a) Exhibits
   Material Contracts:
   10.1  TM Century, Inc. 2000 Stock Option Plan effective March 20, 2000.

   27.1   Financial Data Schedule

   (b) Reports on Form 8-K
   No reports on  Form 8-K were  filed by the  Company during the  three
   month period ending March 31, 2000.
<PAGE>

                                SIGNATURES

   In accordance  with Section  13 or  15(d) of  the Exchange  Act,  the
   registrant caused  this report  to be  signed on  its behalf  by  the
   undersigned thereunto duly authorized.

                                      Dated: May 10, 2000

                                      TM CENTURY, INC.


                                      BY:/s/Teri R.S. James
                                      Teri R.S. James
                                      Vice President of Finance
                                      (Principal Accounting Officer)


                                      BY:/s/R. David Graupner
                                      R. David Graupner
                                      Chief Executive Officer
                                      (Principal Executive Officer)