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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                            ------------------------
 
                                AMENDMENT NO. 1
                                       TO
 
                                   FORM 10-Q
                            ------------------------
 
(MARK ONE)
 
[X]   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
      EXCHANGE ACT OF 1934
 
                    FOR THE QUARTER ENDED FEBRUARY 28, 1998
 
[ ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
      EXCHANGE ACT OF 1934
 
             FOR THE TRANSITION PERIOD FROM           TO
 
                         COMMISSION FILE NUMBER 0-27046
 
                            ------------------------
 
                          QUINTEL ENTERTAINMENT, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
 
<TABLE>
<S>                                            <C>
                   DELAWARE                                      22-3322277
       (STATE OR OTHER JURISDICTION OF                        (I.R.S. EMPLOYER
        INCORPORATION OR ORGANIZATION)                      IDENTIFICATION NO.)
 
             ONE BLUE HILL PLAZA
            PEARL RIVER, NEW YORK                                  10965
   (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                      (ZIP CODE)
</TABLE>
 
       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (914) 620-1212
 
     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 [ ]
 
     The number of shares outstanding of the Registrant's common stock is
16,679,746 (as of 4/13/98).
 
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                                   SIGNATURES
 
     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
 
                                          QUINTEL ENTERTAINMENT, INC.
 
                                          By: /s/ JEFFREY L. SCHWARTZ
                                            ------------------------------------
                                                 Jeffrey L. Schwartz
                                                 Chairman and CEO
 
Date: April 14, 1998
 
                                          By: /s/ DANIEL HARVEY
                                            ------------------------------------
                                                 Daniel Harvey
                                                 Principal Financial Officer
                                                 (Chief Financial Officer)
 
Date: April 14, 1998
 
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