SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-KSB

(Mark One)

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

For the fiscal year ended: March 31, 1998

[ ]  TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR  15(d)  OF THE  SECURITIES
     EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

Commission file number:  0-17304

                              CNH Holdings Company
             (Exact name of registrant as specified in its charter)

           Nevada                                               11-2867201
(State or other jurisdiction of                              (I.R.S. employer
incorporation or organization)                            identification number)

                   1420 N. Longview Street, Kilgore, TX 75662
               (Address of principal executive offices) (Zip Code)

Registrant's  telephone number,  including area code: (903) 984-6425 

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act:
                          Common Stock, $.001 Par Value
                                (Title of class)

Indicate by check mark whether the registrant (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 by check mark if disclosure of delinquent  filers  pursuant to Rule 405
of Regulation S-K is not contained herein and will not be contained, to the best
of  registrant's  knowledge,  in  definitive  proxy  or  information  statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [ ]

State the aggregate market value of the voting stock held by  non-affiliates  of
the registrant. The aggregate market value shall be computed by reference to the
price at which the stock was sold,  or the average bid and asked  prices of such
stock,  as of a specified  date within 60 days prior to the date of filing: 

The common  stock of  registrant  is listed and traded on the  "Bulletin  Board"
maintained by the National  Association of Securities  Dealers,  Inc. The quoted
inside bid and asked prices for the common stock on July 6, 1998, were $1.18 and
$1.56,  respectively.  There were  6,950,000  common shares  outstanding on that
date, of which 950,000 shares were held by non-affiliates.  The aggregate market
value for the common stock on that date was, therefore, $1,301,500.

Indicate the number of shares outstanding of each of the registrant's classes of
common stock, as of the latest  practicable date: As of July 6, 1998, there were
6,950,000 common shares outstanding.

Registrant has had no revenues since the fiscal year ended March 31, 1990.

Documents  Incorporated  by Reference:  List  hereunder the  documents,  if any,
incorporated  by  reference  and the part of this  Form  10-KSB  into  which the
document is incorporated: None.

                                        1

<PAGE>



Item 1. Description of Business:

CNH Holdings Company, a Nevada corporation (the "Company"),  was incorporated on
April 15,  1987,  under the name of  I.S.B.C.  Corp.  On January 28,  1988,  the
Company completed an initial public offering of units consisting of one share of
the common stock of the Company ("Common Stock") and one Class A Warrant, all of
the latter of which have either expired or been exercised. On June 27, 1988, the
Company  acquired  all of  the  outstanding  shares  of  Coral  Group,  Inc.,  a
privately-held  Colorado  corporation  ("Coral Group"),  formed in 1984 and then
principally  engaged in the  development  and  marketing  of  computer  software
programs.  During fiscal 1990, the Company  formed two additional  subsidiaries,
Coral Telesystems,  Inc ("CTI"), and Coral Pacific,  Inc.  ("Pacific"),  both of
which were Colorado corporations.  Through the fiscal year ended March 31, 1991,
the business of the Company was conducted  solely  through Coral Group,  CTI and
Pacific.

During fiscal 1991, the Company defaulted on all of its outstanding  obligations
to its  financial  institution,  which were  secured by all of the assets of the
Company,  including  the shares of Coral  Group,  CTI and  Pacific.  The Company
voluntarily  transferred  all of the  security  for this  debt to the  financial
institution in exchange for an acknowledgment of full and complete  satisfaction
of all remaining  liabilities  of the Company to the  institution.  All licenses
which the Company had regarding its software were terminated  without  liability
and returned to the original licensor, and all leases which the Company had were
similarly  terminated without liability.  Finally,  all tax and accounts payable
owed by the Company were paid in full. The Company then ceased operations in the
computer software field.

On April 12, 1996, the Company held a special  meeting of its board of directors
(the  "Board of  Directors").  The purpose of the meeting was to (i) discuss and
take action on all corporate matters which had taken place since the date of the
last meeting of the board, including the filing of all delinquent reports by the
Company with the U.S.  Securities and Exchange  Commission  (the  "Commission"),
(ii) ratify the appointment of independent Certified Public Accountants to audit
the books and records of the Company  since 1990,  (iii)  discuss the  financial
condition of the Company and implement an appropriate  course of action and (iv)
discuss all other matters then pending before the Company.  At the meeting,  the
Board of Directors adopted a new plan of business for the Company, that being to
begin a search for a new business  opportunity.  In order to implement  this new
plan of business,  however,  the Board of Directors had to implement a number of
curative measures,  including the engagement of an attorney to assist in general
corporate matters and the filing of all delinquent  reports with the Commission,
and the  engagement  of a new  auditor  to audit the books  and  records  of the
Company since the fiscal year ended March 31, 1990, in order to prepare and file
all  necessary  federal and state  income tax forms and  compile  the  financial
information  necessary  for the filing of all  quarterly  reports by the Company
with the Commission.  The foregoing resulted in the incurrence by the Company of
obligations  of $381 for services  performed  during the first quarter of fiscal
1997, which were satisfied  through the issuance of Common Stock on May 3, 1996,
to the sole  executive  officer of and attorney for the Company.  The Company is
now current in its reports with the  Commission,  all tax filings have been made
with the appropriate  federal and state agencies and all information  concerning
the foregoing has been disseminated to the public.

On December 9, 1997, the Company  entered into a  reorganization  Agreement (the
"DRC  Reorganization  Agreement")  with GNC  Corporation,  a Nevada  corporation
("GNC")  and the  sole  shareholder  of GNC,  that  being  DRC,  Inc.,  a Nevada
corporation ("DRC"),  pursuant to which the Company agreed to acquire all of the
outstanding  proprietary  interest of GNC in a  share-for-share  exchange  which
subsequently  resulted in GNC becoming a wholly-owned  subsidiary of the Company
and DRC  acquiring  control of the  Company  through  its share  ownership.  The
acquisition  was  rescinded  due to the  failure by GNC and DRC to  deliver  the
required financial statements.

On June 15, 1998,  the Company  entered  into a  reorganization  agreement  (the
"Southport   Reorganization   Agreement")  with  Southport   Environmental   and
Development,  Inc., a Nevada corporation  ("Southport  Environmental"),  and the
shareholders of Southport  Environmental  pursuant to which the Company acquired
all of the  outstanding  proprietary  interest of Southport  Environmental  in a
share for share exchange which  resulted in Southport  Environmental  becoming a
wholly  owned  subsidiary  of the  Company  and the  shareholders  of  Southport
Environmental  acquiring  control of the Company through their share  ownership.
The Company  issued  6,000,000  common shares and 200,000 shares of the Class A:
10%  Dividend  Bearing   Preferred  Stock  of  the  Company.   Pursuant  to  the
Reorganization  Agreement,  the existing director, Mr. Paul M. Lionti,  resigned
and the Company appointed Messrs. Larry V. Tate, Gerald Pybas, H. Paul Estey, E.
Robert Barbee and Terry McFarland as directors. Mr. Tate was then appointed CEO,
Mr. Pybas President, and Ms. Helen Wallace Treasurer.


                                        2

<PAGE>



Southport  Environmental owns and/or operates working and other interests in oil
and gas  properties in east Texas and also has a 1/3rd  interest in NSG, a joint
venture involved in the remediation of normally occurring  radioactive materials
along the gulf coast of Texas and Louisiana.

Item 2. Description of Property:

The Company, during the period covered by this report, owned no real or personal
property,  tangible or intangible. On the date of this report, the Company owned
all of the shares of Southport Environmental, all of which were acquired on June
15, 1998. Conversely,  during the period covered by this report, the Company had
no liabilities.  The executive offices of the Company are now located at 1420 N.
Longview Street,  Kilgore,  Texas 75662. The telephone number at this address is
(903) 984-6425.

Item 3. Legal  Proceedings: 

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 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. Market for Common  Equity and Related  Shareholder  Matters: 

The common stock is listed on the Bulletin  Board  maintained by the NASD.  This
listing was only recently  obtained and an active  trading market for the common
stock was only  recently  established.  On July 6, 1998,  there were five market
makers in the common  stock,  and the closing  inside bid and asked  prices were
$1.18 and $1.56, respectively.

The Company has paid no dividends on the Common Stock since  inception  and does
not expect to pay dividends in the foreseeable  future.  There are, however,  no
restrictions on the payment of dividends.

Item 6. Management's  Discussion and Analysis of Financial Condition and Results
of Operations:

Results of Operations: The Company has had no revenues,  operating or otherwise,
since the fiscal year ended March 31, 1990. Correspondingly, all expenses during
these periods were  administrative in nature and immaterial in amount.  Thus, no
meaningful comparison can be made between these fiscal years.

Liquidity and Capital Resources:  The Company has had no liquidity sources since
fiscal 1990,  other than  proceeds  which  resulted from the exercise of options
granted in the final quarter of calendar 1997. All administrative  matters were,
up to and  including  the period  covered by this  report,  provided  for by the
executive  officer of and  attorney for the Company in exchange for those shares
issued to them on May 3,  1996.  In  regards  of the  acquisition  of  Southport
Environmental,  the Company incurred substantial obligations,  all of which were
satisfied  through the exercise of those options granted in the final quarter of
calendar 1997.

Compliance  with  Beneficial  Ownership  Reporting  Rules:  Section 16(a) of the
Securities  Act of 1934,  as amended  ("Exchange  Act"),  requires the executive
officers and  directors of the Company,  and persons who  beneficially  own more
than 10% of the Common Stock,  to file initial  reports of ownership and reports
of changes in ownership  with the  Commission.  These  officers,  directors  and
shareholders  are also required to furnish the Company with copies of certain of
these  reports.  Based solely on a review of copies of reports  furnished to the
Company during its fiscal year ended March 31, 1997, and thereafter,  or written
representations,  if any,  received by the Company  from these  persons  that no
other reports were required,  the Company believes that, during the fiscal years
ended March 31, 1991,  1992,  1993,  1994,  1995,  1996 and 1997, all applicable
Section 16(a) filing requirements were satisfied.


                                        3

<PAGE>



Item 7.  Financial Statements:


Halliburton, Hunter & Associates, P.C.
CERTIFIED PUBLIC ACCOUNTANTS



               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS


The Board of Directors and Stockholders
CNH Holdings Company



We have audited the balance sheets of CNH Holdings Company as of March 31, 1998,
and 1997,  and the  related  statements  of income  (loss) and of  stockholders'
equity for the three years ended March 31, 1998. These financial  statements are
the responsibility of the Company's management. Our responsibility is to express
an opinion on these financial statements based on our audit.

We conducted our audit in accordance with generally accepted auditing standards.
Those standards  require that we plan and perform the audit to obtain reasonable
assurance   about  whether  the  financial   statements  are  free  of  material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management,  as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material  respects,  the  financial  position of CNH Holdings  Company as of
March 31, 1998, and 1996,  and the results of its  operations and  shareholders'
equity for the three years ended March 31, 1998,  in conformity  with  generally
accepted accounting principles.

The  Company  discontinued  operations  on March 31,  1991,  and did not  resume
operations  until  after  March 31,  1998.  Statements  of cash  flows have been
omitted for that reason.




Littleton, Colorado
July 6, 1998


                                        4

<PAGE>


                              CNH HOLDINGS COMPANY

                                  BALANCE SHEET

                                                              March 31,
                                                        1997           1998

   ASSETS

Current Assets:
         Subscriptions receivable                    $      --      $   100,000
         Total current assets                               --          100,000


   LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities                                          $      --      $      --
Stockholders' Equity:
   Preferred Stock, $.01 par value, 1,000,000
      shares authorized, no shares issued
      and outstanding                                       --             --

   Common Stock, $.001 par value, 10,000,000
     shares authorized, 950,000 shares issued and            400            950
     outstanding on March 31, 1998, and 400,000
     issued and outstanding on March 31, 1997
   Additional paid-in capital                          4,712,584      4,941,034
   Accumulated deficit                                (4,712,984)    (4,841,984)
                                                     -----------    -----------

                   Total Stockholders' Equity        $      --      $   100,000
                                                     -----------    -----------



See accompanying notes to financial statements.


                                        5

<PAGE>



                              CNH HOLDINGS COMPANY
                             STATEMENT OF OPERATIONS

                                                    Year ended March 31,

                                               1998         1997         1996
                                               ----         ----         ----

Revenues                                    $    --      $    --      $    --
Operational Expenses                          129,000         --           --
Income (loss) from discontinued operations       --           --           --
(Loss) on termination of operations              --           (381)        --
                                            ---------    ---------    ---------

   Net income (loss)                        $(129,000)   $    (381)   $    --
                                            =========    =========    =========

Per share data

     Net income (loss)                      $  (.2867)   $      (1)   $    --
                                            =========    =========    =========

Weighted average shares outstanding           400,000*     365,380*      19,228*
                                            =========    =========    =========




*    Shares have been adjusted to reflect a reverse stock split  effectuated  on
     May 30, 1996.

(1)  Loss is less than $.01 per share




See accompanying notes to financial statements.

                                        6

<PAGE>
<TABLE>
<CAPTION>



                                               CNH HOLDINGS COMPANY

                                         STATEMENT OF STOCKHOLDERS' EQUITY

                                                                                                              Total
                                             Common                Stock              Accumulated            Equity
                                             Shares                Amount               Deficit             (Deficit)
                                             ------                ------               -------             ---------

<S>                                       <C>                 <C>                  <C>                             
Balance at March 31, 1995,                  19,061,245          $  4,712,603         $ (4,712,603)                 --
   and March 31, 1996

Issuance of common shares for              380,938,755                   381                 --                     381
   services on May 3, 1996

Reverse 1:1000 common share               (399,600,000)                 --                   --                    --
  split on May 30, 1996

Net loss for the year ended
  March 31, 1997                                  --                    --                   (381)                 (381)
                                          ------------          ------------         ------------          ------------

Balance at March 31, 1997                      400,000          $  4,712,984         $ (4,712,984)                 --
                                          ============          ============         ============          ============

Issuance of common shares for
 services in December, 1997                    100,000                 4,000                 --                    --

Issuance of common shares for
 services in December, 1997                    450,000               225,000                 --                    --

Net loss for the year ended
 March 31, 1998                                   --                    --               (129,000)             (129,000)
                                          ------------          ------------         ------------          ------------

Balance at March 31, 1998                      950,000             4,941,984           (4,841,984)              100,000
                                          ------------          ------------         ------------          ------------




See accompanying notes to financial statements.

                                                        7
</TABLE>

<PAGE>

                              CNH HOLDINGS COMPANY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                         March 31, 1998, 1997, and 1996
1.  Organization

I.S.B.C.  Corp. was  incorporated  in Delaware on April 15, 1987. On January 29,
1988, I.S.B.C.  Corp. completed a public offering of 800,000 units at a price of
$.50 per unit,  consisting  of one share of  common  stock and three  redeemable
warrants. All unexercised warrants have now expired.

On June 27, 1988, I.S.B.C. Corp. issued 21,000,000 shares of its common stock in
exchange for all of the outstanding  shares of Coral Group,  Inc.  Subsequent to
the exchange of stock, I.S.B.C. Corp. changed its name to Coral Companies,  Inc.
Coral Group,  Inc. was incorporated on March 12, 1984, and commenced  operations
in November  1984.  Coral Group,  Inc.'s  primary  business was the marketing of
computer  hardware  and  software  as well  as  providing  consulting  services,
installation  support,  training  programs  and  software  maintenance  for  its
customers.  Since the shareholders of Coral Group, Inc. owned  approximately 85%
of Coral Companies, Inc. immediately after the exchange, the stock exchanges was
accounted for as a reverse acquisition of Coral Companies,  Inc. by Coral Group,
Inc. The Company,  subsequent to the acquisition of the Coral Group, changed its
name to CNH Holdings Company and its domicile to Nevada.

The Company  previously  had  outstanding  a class of preferred  stock which was
entitled to one vote per share,  was not entitled to receive any dividends  that
may have been declared and had a liquidation  preference of $.02 per share.  The
preferred  stock was previously  converted to common stock,  and the liquidation
preference of $220,000 was reclassified from preferred  stockholders'  equity to
common stockholders' equity.

On May 30, 1996, the Company  effected a reverse  one-for-one  thousand  capital
share split. Concurrently,  the authorized number of common shares was increased
to 10,000,000,  $.001 par value per share and 1,000,000  preferred shares,  $.01
par value. After the split, there were 400,000 common shares outstanding,  which
included  shares of the $.001 par value common issued to individuals in exchange
for services rendered during the first quarter of fiscal 1997.

Subsequent  to the fiscal  year end,  on June 15,  1998,  the  Company  acquired
Southport  Environmental  in a share for share  exchange  which  resulted in the
Company issuing 6,000,000 common shares and 200,000 preferred shares. Concurrent
with the  acquisition,  there was a change in control and the  management of the
Company.


Item  8.  Changes  in and  Disagreements  with  Accountants  on  Accounting  and
Financial Disclosure: 

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

                                       8
<PAGE>

                                    PART III

Item 9.  Directors and Executive  Officers of the Company: 

The following table sets forth all current  directors and executive  officers of
the Company, as well as their ages:

      NAME                  AGE         POSITION WITH COMPANY *

Larry V. Tate               63          Chairman of the Board of Directors and 
                                         Chief Executive Officer

Gerald W. Pybas             51          Director and President

Helen Wallace               42          Chief Financial and Accounting Officer,
                                         Treasurer

H. Paul Estey               64          Director

E. Robert Barbee            57          Director

Terry L. McFarland          39          Director

*    No current director has any arrangement or  understanding  whereby they are
     or will be selected as a director or nominee.

                                        9

<PAGE>




The executive officers hold office until the next annual meeting of shareholders
and until their respective successors have been duly elected and qualified.  The
officers are elected by the Board of Directors at its annual meeting immediately
following the shareholders'  annual meeting and hold office until their death or
until they earlier  resign or are removed  from office.  There are no written or
other contracts providing for the election of directors or term of employment of
executive officers, all of whom serve on an "at will" basis.

The Board of Directors  currently  consists of five  members,  Messrs.  Larry V.
Tate, Gerald W. Pybas, H. Paul Estey, E. Robert Barbee and Terry McFarland.  The
Company does not have any standing audit, nominating or compensation committees,
or any committees performing similar functions. The board will meet periodically
throughout the year as necessity  dictates.  Since March 31, 1990, the board has
had one meeting, which occurred during fiscal 1997.

Executive  Profiles:  Mr.  Larry V. Tate has been Chief  Executive  Officer  and
Chairman of the Board of Directors  since June 15, 1998.  Prior to that date and
currently,  he served  and  continues  to serve in  similar  capacities  for the
entities  acquired  by the  Company.  In  these  capacities,  Mr.  Tate has been
primarily  responsible for the strategic direction and day-to-day  operations of
these  corporations.  Mr.  Tate has been  actively  involved  in the oil and gas
industry for most of his adult life.  Mr. Gerald W. Pybas has been President and
a director of the Company since June 15, 1998. Prior to that date and currently,
he served and continues to serve in similar capacities for the entities acquired
by the Company.  In these capacities,  Mr. Pybas has been primarily  responsible
for field  operations.  He received a Bachelor  of Science  Degree in 1961 and a
Masters in  Geology  in 1962 from the  University  of  Oklahoma,  and has been a
member of the American  Association of Petroleum  Geologists  since 1969.  Helen
Wallace has been Chief  Financial  and  Accounting  Officer since June 15, 1998.
Prior to that date and  currently,  she served and continues to serve in similar
capacities for the entities acquired by the Company.  Ms. Wallace,  from 1990 to
1997,  worked for an  independent  oil and gase lease  operator,  serving as the
production  clerk  responsible  for all  regulatory  filings and office to field
coordination.  Mr. H. Paul Estey has been a director of the  Company  since June
15, 1998. He is currently the Chief  Executive  Officer and Corporate  Radiation
Safety Officer and a director of NORM Services Group, L.L.C.,  having held these
positions since formation in November,  1996.  Prior to this, Mr. Estey provided
services to the NORM industry, including surveying,  radiation safety/protection
and regulatory  compliance,  license applications,  project supervision,  expert
testimony and  treatment/disposal  evaluations.  Mr. E. Robert Barbee has been a
director of the Company  since June 15,  1998.  He is  self-employed  in the oil
field supply business in Kilgore,  Texas. Mr. Barbee attended Kilgore College in
Kilgore  from 1959 until 1961 and Stephen F. Austin State  University  from 1968
until  receiving a Bachelors in Business  Administration  in 1970.  Mr. Terry L.
McFarland  has  been a  director  of the  Company  since  June 15,  1998.  He is
self-employed  as an  independent  oil producer  and cattle  rancher in Kilgore,
Texas.

                                       10
<PAGE>


Item 10. Executive Compensation:  No compensation has been paid since the fiscal
year ended March 31, 1990,  to the Board of  Directors or executive  officers of
the Company in their capacities as such, other than the issuance,  effective May
3, 1996,  of those common  shares to a former  director in exchange for services
rendered during fiscal 1997, as discussed above under Items 1 and 6.

Item 11.  Security  Ownership  of  Management  and  Certain  Others:  Based upon
information  which has been made  available to the Company by its stock transfer
agent,  the following  table sets forth,  as of September 5, 1997, the shares of
Common Stock owned by each current director, by directors and executive officers
as a group and by each  person  known by the  Company to own more than 5% of the
outstanding Common Stock:

                   Name and Address   
Title of Class     of Beneficial Owner   Number of Shares   Percent of Class (1)
--------------     -------------------   ----------------   --------------------
                   
Common Stock       Larry V. Tate             2,787,500          40.10% (2)
                   P.O. Box 464
                   Kilgore, TX 75663

Common Stock       Gerald W. Pybas           2,312,500          33.27% (3)
                   P.O. Box 464
                   Kilgore, TX 75663

Common Stock       E. Robert Barbee            225,000           3.24% (4)
                   P.O. Box 464
                   Kilgore, TX 75663

Directors and Executive                      5,325,000          76.61%
  Officers as a Group
  (one in number):

--------------------------------------------------------------------------------

(1)  Based on 6,950,000 shares of common stock issued and outstanding on July 6,
     1998.

(2)  Does not include 109,100 shares of Series A Preferred Stock,  none of which
     is  convertible  into common stock.  (3) Does not include  74,900 shares of
     Series A Preferred  Stock,  none of which is convertible into common stock.
     (4) Does not  include  4,000  shares of Series A Preferred  Stock,  none of
     which is convertible into common stock.

--------------------------------------------------------------------------------


Item 12. Certain Transactions:

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

Item 13. Exhibits and Reports on Form 8-K:

(a) Exhibits: None

All required exhibits were previously filed with the Registration  Statements on
Form S-18 (No. 33-17008-NY) and Form S-1 (No. 33-29899) and with the Form 10-KSB
for the fiscal year ended March 31, 1996.

(b) Forms 8-K: See Attached.

                                       11
<PAGE>


                                   SIGNATURES

In accordance  with the  requirements  of Section 13 or 15(d) of the  Securities
Exchange Act of 1934, registrant has duly caused this report to be signed on its
behalf by the undersigned,  thereunto duly  authorized,  in the City of Kilgore,
State of Texas on this 14th day of July, 1998.

CNH HOLDINGS COMPANY
(Registrant)


By:      /s/ Larry V. Tate
   --------------------------------
   Larry V. Tate, Chief Executive Officer


By:      /s/ Helen Wallace
   --------------------------------
   Helen Wallace, Chief Financial
   and Accounting Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following person on behalf of the registrant in the
capacity on this 14th day of July, 1998.


/s/ Larry V. Tate              /s/ Gerald Pybas            /s/ E. Robert Barbee
-----------------------        -------------------------   --------------------
Larry V. Tate, Director        Gerald Pybas, Director      E. Robert Barbee


/s/ H. Paul Estey              /s/ Terry McFarland
-----------------------        -------------------------
H. Paul Estey, Director        Terry McFarland, Director


                                       12