U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 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  SEPTEMBER 30, 1999.

[  ]     TRANSITION  REPORT  UNDER  SECTION  13  OR  15(d)  OF  THE  SECURITIES
EXCHANGE  ACT  OF  1934.

For  the  transition  period  from  _________  to  _________

                        Commission file number: 000-23105

                       AMERICAN INDEPENDENT NETWORK, INC.
              (Exact name of small business issuer in its charter)


                      Delaware                   75-2504551
                (State or Jurisdiction of        I.R.S. Employer
             Incorporation or Organization)     Identification No.)

                         6125 Airport Freeway, Suite 200
                           Haltom City, Texas   76117
                                 (817) 222-1234
          (Address and telephone number of principal executive offices)

     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  [  ]

     State  the  number of shares outstanding of each of the issuer's classes of
common  equity, as of the latest practicable date.  As of October 12, 1999 there
were  approximately  19,007,466  shares of the Company's Common Stock issued and
outstanding.

     Transitional  Small  Business  Disclosure  Format:    Yes  [  ]    No  [X]


<PAGE>
PART  I

FINANCIAL  INFORMATION

ITEM  1.     FINANCIAL  STATEMENTS.

     Balance  Sheet  at  September  30,  1999  (Unaudited) and December 31, 1998
     (Audited)

     Statement of Operations (Unaudited) for the Nine Months ended September 30,
     1999  and  1998

     Statement  of  Stockholdders'  Equity (Unaudited) for the Nine Months ended
     September  30,  1999  and  1998

     Statement of Cash Flows (Unaudited) for the Nine Months ended September 30,
     1999  and  1998

     Notes  to  Comparative  Financial  Statements  (Unaudited)


                                        1
<PAGE>
                       AMERICAN INDEPENDENT NETWORK, INC.
                      Comparative Balance Sheet (Unaudited)
                                  September 30,


                      ASSETS

                                                 1999        1998
                                              -----------  ----------
CURRENT  ASSETS
 Cash  and  cash  equivalents                $   254,409    $  18,145
 Accounts  receivable                              1,088      45,506
 Trade  credits  receivable                       30,000      30,000
 Note  receivable,  net  of
   doubtful  account  of  $700,000                     0           0
                                              -----------  ----------
   TOTAL  CURRENT  ASSETS                        285,497      93,651
                                              -----------  ----------


PLANT,  PROPERTY  AND  EQUIPMENT
 Leasehold  improvements                          22,851      22,851
 Equipment  and  furnishings                     144,468     131,020
 Digital  compression  equipment                 852,152     845,092
                                              -----------  ----------
                                               1,019,471     998,963
 Accumulated  depreciation                      (253,008)   (156,442)
                                              -----------  ----------
  TOTAL  PLANT,  PROPERTY  AND  EQUIPMENT        766,463     842,521
                                              -----------  ----------


OTHER  ASSETS
Deferred  tax  benefits                                0     475,724
Trade  credits  receivable,  net  of
  allowance  of  $125,138                        201,990     241,990
Other  investments                               461,037   1,067,748
Note  receivable,  net  of  doubtful
  account  of  $884,595                                0           0
                                              -----------  ----------
 TOTAL  OTHER  ASSETS                            663,027   1,785,462
                                              -----------  ----------
       TOTAL  ASSETS                          $1,714,987   $2,721,634
                                              -----------  ----------

              THE ACCOMPANYING "NOTES TO FINANCIAL STATEMENTS" ARE
                 AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS


                                        2
<PAGE>
<TABLE>
<CAPTION>
                       AMERICAN INDEPENDENT NETWORK, INC.
                     Comparative Balance Sheet  (Unaudited)
                                  September 30,


     LIABILITIES AND STOCKHOLDERS' EQUITY

                                                     1999          1998
                                                 ------------  ------------
<S>                                              <C>           <C>

CURRENT LIABILITIES
 Accounts payable                                $   490,977   $   210,233
 Notes payable                                     1,561,979     2,478,083
 Accrued interest - notes                            439,248       343,652
 Advances from affiliates                             10,738        22,338
 Interest due preferred shareholders                  37,440        37,440
 Equipment lease payments                            175,380       175,380
                                                 ------------  ------------
     TOTAL CURRENT LIABILITIES                     2,715,762     3,267,126
                                                 ------------  ------------

LONG TERM DEBT
 Deferred income tax                                       0             0
 Equip lease payments                                 36,002       120,314
                                                 ------------  ------------
    TOTAL LONG TERM DEBT                              36,002       120,314
                                                 ------------  ------------
     TOTAL LIABILITIES                             2,751,764     3,387,440
                                                 ------------  ------------

STOCKHOLDERS' EQUITY
 Preferred Stock - 1,000,000 shares $1 Par
  Authorized - 1998 42,427 shares issued,
  1999  42,427 shares issued                          42,427        42,427
 Common Stock - 20,000,000 authorized
  1998 issued 18,465,199 @ $.01 par                                165,867
  1999 issued 18,205,229 @ $.05 par                  910,261
 Additional Paid in Capital                        5,326,243     4,337,929
 Retained Earnings (Deficit)                      (7,315,708)   (5,212,029)
                                                 ------------  ------------
     TOTAL STOCKHOLDERS' EQUITY                   (1,036,777)     (665,806)
                                                 ------------  ------------
     TOTAL LIABILITIES AND STOCKHOLDERS EQUITY   $ 1,714,987   $ 2,721,634
                                                 ------------  ------------
</TABLE>


                                        3
<PAGE>
<TABLE>
<CAPTION>
                       AMERICAN INDEPENDENT NETWORK, INC.
                 Comparative Statement of Operations (Unaudited)
                     For the Nine Months Ended September 30,


                                          1999          1998
                                      ------------  ------------
<S>                                   <C>           <C>
REVENUES
  Income from network operations      $    88,223   $   228,545
                                      ------------  ------------

COST AND EXPENSES:
  Satellite rental                        326,300       270,000
  Programming expenses                      1,076         5,203
  Production expenses                      91,361        77,493
  Depreciation                             59,000        40,860
  Amortization of leasehold                 1,000         3,600
  Amortization of Senior Channel          103,452       103,452
  Rental Expense (Net)                     72,868        48,609
  Administrative expenses                 212,429       423,030
                                      ------------  ------------
  TOTAL COST AND EXPENSES                 867,486       972,247
                                      ------------  ------------

NET (LOSS) FROM OPERATIONS               (779,263)     (743,702)
                                      ------------  ------------
OTHER EXPENSES:
  Interest expense (net)                  204,544       294,389
 (Gain) Loss on disposal of assets        (15,953)        4,565
                                      ------------  ------------
  Total Other Expense                     188,591       298,954
                                      ------------  ------------

(LOSS) BEFORE INCOME TAXES AND
 EXTRAORDINARY ITEM                      (967,854)   (1,042,656)
INCOME TAX BENEFIT (EXPENSE)                    0             0
                                      ------------  ------------
NET (LOSS)BEFORE EXTRAORDINARY ITEM     ( 967,854)   (1,042,656)

EXTRAORDINARY ITEM
 Cost of Conversion of Bridge Loans
  To Common Stock                          39,624        33,650
                                      ------------  ------------

NET (LOSS)                            $(1,007,478)  $(1,076,306)
                                      ------------  ------------

EARNINGS PER SHARE OF COMMON STOCK    $     (0.06)  $     (0.07)

WEIGHTED AVERAGE SHARES                18,205,229    16,586,927
</TABLE>

              THE ACCOMPANYING "NOTES TO FINANCIAL STATEMENTS" ARE
                 AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS


                                        4
<PAGE>
<TABLE>
<CAPTION>
                                             AMERICAN INDEPENDENT NETWORK, INC.
                                  Comparative Analysis of Stockholders' Equity (Unaudited)
                                        For The Nine Months Ended September 30, 1999



                                     Preferred  Stock           Common Stock       Additional
                                 ------------------------  -----------------------   Paid-in        Note         Retained
                                    Shares       Amount      Shares       Amount     Capital     Receivable      Earnings
                                 ------------  ----------  -----------  ----------  -----------  ------------  -------------

<S>                              <C>           <C>         <C>          <C>         <C>          <C>           <C>

BALANCE DECEMBER 31, 1996            107,546   $ 107,546   14,045,268   $ 140,453   $2,513,734   $         0   $ (1,494,741)

Preferred B Shares Issued            175,154     175,154                               963,347
Issue cost of Preferred B                                                             (547,999)

Conversion of Preferred B
  Shares to Common                  (229,273)   (229,273)     458,546       4,585      224,688

Common Issued to Bridge
 Loan Investors                                             1,521,039      15,210      380,260

Conversion of Bridge Loans                                  132,652         1,327      429,791

Sale of Common Stock                                        200,000         2,000       98,000

Sale of Common Stock for
 a Note Receivable                                        1,875,000        18,750      450,000      (468,750)

Net Loss for the Year Ended
 December 31, 1997                                                                                              (2,640,982)
                                 ------------  ----------  -----------  ----------  -----------  ------------  -------------
BALANCE DECEMBER 31, 1997             53,427   $  53,427   18,232,715   $ 182,325   $4,511,821     (468,750)   ($4,135,723)

Preferred Stock Conversions          (11,000)    (11,000)      22,000         220       10,780
Conversion of Bridge Loans                                     72,610         726      233,024
Reverse Sale of Common Stock
 for Note Receivable                                       (1,875,000)    (18,750)    (450,000)     468,750
Common Issued for Financing                                 3,400,000      34,000      (34,000)
Adjustment to Reflect Reverse
 Split of Common of 1 for 5                               (15,990,005)
Affiliate Debt Forgiveness                                                             688,726
Net Loss for the Year Ended
 December 31, 1998                                                                                              (2,172,507)
Post Split Bridge Loan
 Conversions                                                  378,102      18,905     260,618
                                 ------------  ----------  -----------  ----------  -----------  ------------  -------------
BALANCE DECEMBER 31, 1998             42,427   $  42,427    4,375,623   $ 218,780   $5,073,750   $       -0-    ($6,308,230)

Conversion of Bridge Loans                                     62,500       3,125       46,875
Common Stock Issued Upon
 Conversion of Bridge Loans
 and Preferred Stock to
 Equalize Prior Conversions                                   415,472      20,774       18,850
Common stock transactions
 relating to settlement of
 receivership:
  Issued                                                    2,750,000      82,500
  Canceled                                                 (1,398,366)    (69,918)     (12,582)
Common stock purchase agreement
 with Field of Cotton, L.P.                                 1,000,000     155,000      199,350
Common stock purchase agreement
 with HTV                                                  11,000,000     500,000
Loss for Nine Months Ended
 September 30, 1999                                                                                             (1,007,478)
                                 ------------  ----------  -----------  ----------  -----------  ------------  -------------
BALANCE SEPTEMBER 30, 1999            42,427   $  42,427   18,205,229   $ 910,261   $5,326,243   $       -0-    ($7,315,708)
</TABLE>

              THE ACCOMPANYING "NOTES TO FINANCIAL STATEMENTS" ARE
                 AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS


                                        5
<PAGE>
<TABLE>
<CAPTION>
                       AMERICAN INDEPENDENT NETWORK, INC.
                 Comparative Statement of Cash Flow  (Unaudited)
                     For The Nine Months Ended September 30,


                                                   1999          1998
                                               ------------  ------------
<S>                                            <C>           <C>

CASH FLOWS PROVIDED (USED)
 BY OPERATING ACTIVITIES:
  Net (Loss)                                   $(1,007,478)  $(1,076,940)
  Adjustment to reconcile net income to net
  cash from operating activities:
  Cost of loan conversion to common stock           39,624        33,650
  Depreciation                                      59,000        40,860
  Amortization of leasehold                          1,000         3,600
  Trade credits receivable                          30,000        20,000
  Amortization of Senior Channel                   103,452       103,452
  Accounts receivable                                1,700       (43,256)
  Investment in common stocks                            0       173,825
  Accounts payable                                 108,422        33,829
  Accrued interest                                 160,269       224,122
  Advances from affiliates                         (20,300)       12,736
                                               ------------  ------------
TOTAL CASH USED BY OPERATING ACTIVITIES           (524,311)     (474,488)
                                               ------------  ------------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Investment in equipment                          (20,886)      (19,625)
  Investment in film library                             0       ( 4,320)
                                               ------------  ------------
TOTAL CASH FLOW FROM INVESTING ACTIVITIES          (20,886)      (23,945)
                                               ------------  ------------

CASH FLOWS PROVIDED BY FINANCING ACTIVITIES:
 Notes payable increase                              8,450       577,903
 Long term lease decrease                          (73,001)     ( 96,093)
 Common stock increase                             550,000             0
 Additional paid-in capital increase               304,350             0
                                               ------------  ------------
TOTAL CASH PROVIDED BY FINANCING ACTIVITIES        789,799       481,810
                                               ------------  ------------


Net Cash Increase                                  244,602       (16,623)

Cash, beginning of Period                            9,807        34,768
                                               ------------  ------------

CASH AT END OF PERIOD                          $   254,409   $    18,145
                                               ------------  ------------
</TABLE>

              The Accompanying "Notes to Financial Statements" Are
                 An Integral Part of These Financial Statements


                                        6
<PAGE>
                           September 30, 1999 and 1998

NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

CASH AND CASH EQUIVALENTS - Consist of cash balances.  Cash and Cash equivalents
consist  of  highly  liquid investments with an original maturity date of ninety
days  or  less.  The  company  does  not  have  any  cash  equivalents.

TRADE  CREDITS  RECEIVABLES  -  The  Company owns trade credits in the amount of
$357,128  at  September 30, 1999 and $397,128 at September 30, 1998.  As defined
by  the  International Reciprocal Trade Association, a trade dollar is a unit of
account  that denotes the right to receive (receivable) or the obligation to pay
(a payable), one US dollar worth of goods and services within a barter system or
network.  While  all  of  the  trade  credits may be used  by the company at any
time,  the  Company has shown a pattern of using $25,000 to $30,000 worth of the
credits  in  each  of the past two years.  Therefore the Company's trade credits
are  being  classified  as  current  $30,000  and  other  assets  of $201,990 at
September  30, 1999.  The Trade Credits were obtained in 1994 in exchange for an
Investment  in  Common  Stock  and  was  valued  at  the fair value of the asset
investment  in  common stock.  The Company uses the credits primarily for travel
expense.  The  Company,  also exchanged Trade Credits for computer equipment and
Fine  Art.  Management does not consider impairment under FAS 121 is appropriate
as  management  intends to fully utilize the credits and the credits do not have
an expiration date.  Due to the slow rate of usage the Company has established a
valuation  account  of  $125,138.  The  trade group, the Company is a member of,
currently  has  over  twenty  four  hundred  participants.

ACCOUNTS RECEIVABLE - Allowance for doubtful accounts.  The company has accounts
receivable  at  September  30,  1999  of  $1,700  owed  by  regular  customers.
Management  deems  this  amount  to  be  fully  collectible.  No  allowances for
doubtful  accounts  is  necessary.  At September 30, 1998 the total was $45,506.

PLANT,  PROPERTY  AND  EQUIPMENT  is  recorded  at  cost.

DEPRECIATION - The cost of plant, property and equipment is depreciated over the
estimated  useful  life  of  the  assets  ranging  from  equipment at 5 years to
leasehold  improvements  at 20 years.  Depreciation is on a straight line basis.
Depreciation  and  amortization  was $60,000 for the nine months ended September
30,  1999  and  $44,460  for  the  nine  months  ended  September  30,  1998.

INCOME  TAXES  -  The  Company  accounts  for  income  taxes  under Statement of
Financial  Accounting  Standards  No.  109,  "Accounting for Income Taxes" (SFAS
109).  SFAS 109 is an asset and liability approach that requires the recognition
of  deferred tax assets and liabilities for the expected future tax consequences
of events that have been recognized in the company's financial statements or tax
returns.  In  estimating  future  tax consequences, SFAS 109 generally considers
all  expected  future  events other than enactments of changes in the tax law or
rates.  Income  tax  accounting  information  is  disclosed  in  Note  3  to the
comparative  financial  statements.

USE  OF  ESTIMATES  - The preparation of financial statements in conformity with
generally  accepted  accounting principles requires management to make estimates
and assumptions that affect the amounts reported in the financial statements and
accompanying  notes.  Actual  results  could  differ  from  these  estimates.


                                        7
<PAGE>
OTHER  INVESTMENTS  -  Consist  of  the  following:

<TABLE>
<CAPTION>
                                  1999       1998
                                --------  ----------
<S>                             <C>       <C>
  Prepaid media                             $447,047
  Investment in stocks          $      0      22,630
  Film Library                    12,745      11,843
  Investment in Senior Channel   448,292     586,228
                                --------  ----------
  Total Other Investments       $461,037  $1,067,748
                                --------  ----------
</TABLE>

NOTE  2  -  NOTES  PAYABLE

Notes  Payable  at  September  30,  1999  consist  of  the  following  notes;

<TABLE>
<CAPTION>
                                 Due                              Accrued
        Creditor                Date       Interest  Principal    Interest
---------------------------  -----------  ---------  ----------  ----------
<S>                          <C>          <C>        <C>         <C>

 Shelley Media
  Marketing*                    9/30/98         10%  $   97,229  $    5,100
 Cleveland
  Broadcasting Co.* 9/30/98                     10%       1,132       1,000
 Pacific Acquisition
  Group, Inc.                  12/31/98         11%     250,500      38,825
 Bridge Loan                   10/31/97         15%   1,213,118     389,038
---------------------------  -----------  ---------  ----------  ----------
  Total                                              $1,561,979   $433,953

 Advances from Other
 Affiliated Companies             Demand        10%      10,738       5,295
---------------------------  -----------  ---------  ----------  ----------
  Total                                              $1,572,717    $439,248
---------------------------  -----------  ---------  ----------  ----------
<FN>
 *  Affiliated  Companies
</TABLE>


Notes  Payable  at  September  30,  1998  consist  of  the  following  notes;

<TABLE>
<CAPTION>
                                 Due                               Accrued
Creditor                         Date       Interest   Principal   Interest
---------------------------  ------------  ----------  ----------  ---------
<S>                          <C>           <C>         <C>         <C>

 Shelley Media
  Marketing*                     9/30/98          10%  $   50,650  $   3,799
 Cleveland
  Broadcasting Co.*              9/30/98          10%       6,829      1,000
 ATN Network, Inc.*              9/30/98          10%     874,546     57,551
 Pacific
  Acquisition Group12/31/98                       11%     250,500     18,787
 Bridge Loan                    10/31/98          15%   1,295,558    262,015
                             ------------  ----------  ----------  ---------
  Total                                                 2,478,083    343,652

 Advances from Other
 Affiliated Companies             Demand          10%      22,338          0
                             ------------  ----------  ----------  ---------
  Total                                                $2,500,421 $ 343,652
                             ------------  ----------  ----------  ---------
<FN>
 *  Affiliated  Companies
</TABLE>


                                        8
<PAGE>
NOTE  3  -  INCOME  TAXES


<TABLE>
<CAPTION>
Deferred  income  tax  liability  consist  of  the  following  components:


                                                      1999         1998
                                                   -----------  -----------
<S>                                                <C>          <C>

Provision for Income Taxes:
  Current                                                   0            0
  Deferred Liability                                        0            0
 Less Provision for Income Taxes                            0            0
                                                   -----------  -----------
  Total Provision for Income Taxes                          0            0
                                                   -----------  -----------


The tax effects of temporary differences
which give rise to deferred income by
assets and liabilities consist of the following:

                                                         1999         1998
                                                   -----------  -----------
Deferred income tax assets:
  Net operating loss                                        0      207,477
  Valuation allowance                                       0      475,724

Deferred income tax liabilities
  Installment sale method on Notes Payable                  0            0
  Valuation allowance                                      (0)    (207,477)
                                                   -----------  -----------
  Net deferred tax asset liability                          0      475,724
                                                   -----------  -----------


The Company has net operating losses (NOLs) at
December 31, 1998 of approximately $4,730,842.
These NOLs expire as follows:

                                                         2010   $   70,912
                                                         2011    1,191,269
                                                         2012      635,367
                                                         2018    2,833,294
                                                                -----------
                                                                $4,730,842
                                                                -----------

The Company has capital loss carryover of $46,036
which will expire as follows:
                                                         2002   $   14,238
                                                         2003       31,798
                                                                -----------
                                                                $   46,036
                                                                -----------
</TABLE>


Realization of deferred tax assets associated with the NOLs and net capital loss
carryover  is  dependent  on generating sufficient taxable income prior to their
expiration.  Due  to  the  uncertainty of the Company's ability to generate such
income  with the possibility that these carryovers may expire unused, management
has  established  a  valuation  account  against  them.


                                        9
<PAGE>
NOTE  4  -  SUPPLEMENTAL CASH FLOW INFORMATION

<TABLE>
<CAPTION>
                     1999     1998
                   --------  -------
<S>                 <C>      <C>
CASH  USED  FOR:

INTEREST            $19,575  $70,266
INCOME  TAXES       $     0  $     0
</TABLE>

NOTE  5  -  DISCLOSURE  ABOUT  FAIR  VALUE  OF  FINANCIAL  INSTRUMENTS

The  following  methods  and assumptions were used to estimate the fair value of
each  class of financial instrument for where it is practicable to estimate that
value:

Notes  Receivable  - The carrying amount approximates fair value because each is
valued  at  estimated  discounted  future  cash  flows.

Long  Term Investments - The fair value of these investments are estimated based
on  quoted  market  prices  for  those  and  similar  investments.

Notes  Payable - The carrying value approximates fair value because of the short
maturity  date  of  these  investments.


The estimated Fair Values of the Company's Financial Instruments are as follows:

<TABLE>
<CAPTION>
                                1999                    1998
                       ----------------------  ----------------------
                        Carrying      Fair      Carrying      Fair
                         Amount      Value       Amount      Value
                       ----------  ----------  ----------  ----------
<S>                    <C>         <C>         <C>         <C>
Long Term Investments  $        0  $        0  $   22,630  $   20,065
Accounts Payable       $  490,977  $  490,977  $  210,233  $  210,233
Equipment Lease
  yments               $  211,382  $  205,945  $  295,694  $  295,694
Notes Payable          $1,561,979   1,561,979  $2,478,083   2,478,083
</TABLE>


NOTE  6  -  LEASE  OBLIGATIONS  AND  LONG  TERM  DEBT  DISCLOSURE

The  Company  is  obligated  on  three  leases.  The  leases  are  as  follows:

  Building  -  The  Company  utilizes  the  spaces as both corporate offices and
studios.  The  lease  is  $6,350  per  month  and  expired  February  28,  2002.

  Equipment  -  The  Company  has  entered  a  master  equipment  lease (digital
compression  equipment)  for  a  period of thirty-six months ending December 31,
1999.  The  lease  has  a  fair  market  value purchase option at the end of the
lease.  Total  lease  obligation is $390,996 and the lease has been treated as a
capital  lease.  In  May  1997,  the Company entered into a lease for additional
digital  equipment  for a period of 36 months with payments of $4,302 per month.
The  lease  period  is  from  June  1,  1997 to May 1, 2000.  The lease has been
capitalized.


                                       10
<PAGE>
  Satellite  -  The  Company leased satellite transponder space under an initial
operating lease.  The lease is for three years ending July 31, 1999 with a total
lease obligation of $2,250,000.  The Company has modified its lease reducing its
satellite  band  width  from 24 MHZ to 8 MHZ which reduces its future lease cost
from  $1,187,500 to $619,848 under the lease modification.  The Company pays the
new  lease balance at the rate of $30,000 per month during the period January 1,
1998  through  July  31,  1999  when  the  lease  terminates.

Details  of  lease  obligations  are  as  follows:

                Capitalized    Capitalized   Operating
                 Equipment      Equipment   Transponder  Building
                  Lease  #1     Lease  #2      Lease      Lease
                 ----------   -----------   -----------  --------

    1999          $ 105,730       $46,730   $      0     $ 18,100
    2000          $  18,706       $21,510                  76,200
    2001          $  18,706                                76,200
    2002                                                   19,050

NOTE  7  -  RELATED  PARTIES

The  Company has engaged in transactions with certain other enterprises that are
affiliated  companies.  These  companies  are  controlled  by the management and
principal  stockholders  of  American  Independent  Network.  The  controlled
companies  transactions  are  as  follows:

                                  1999                1998
                                  Funds               Funds
                            --------------------------------------
                             Borrowed  Repaid   Borrowed  Repaid
                            ---------  -------  --------  --------
Cleveland  Broadcasting     $     500  $     0  $      0  $ 19,260
San  Antonio  Broadcasting  $       0  $20,300  $      0  $  9,794
TV  Channel  22             $       0  $     0  $ 22,500  $      0
ATN  Network                $       0  $     0  $702,767  $112,462
Shelley  Media  Marketing   $  29,950  $18,000  $      0  $    450

NOTE  8-  PREFERRED  STOCK

Preferred stockholders' may convert one share of preferred stock into two shares
of common.  Preferred stockholders' also receive nine percent interest per annum
in  lieu  of dividends.  Summary of preferred stock transactions are as follows:

Number  of  Preferred  B  Shares  outstanding  at  December 31, 1997     53,427
Number  of  Preferred  B  Shares  converted  to  Common  Stock
    in  1998  at  the  rate  of  two  common  for  each  Preferred  B,
    which  would  equal  22,000  shares  of  common stock               (11,000)
                                                                        --------
Number  of  Preferred  B  Shares  outstanding  at  December 31, 1998     42,427
                                                                        --------


                                       11
<PAGE>
NOTE  9  -  SENIOR  CHANNEL

The  Company  acquired  the  Copyright  to  the  Senior  Channel in exchange for
accounts receivable in the amount of $689,680 due to the Company from the owners
of  the  Senior  Channel  Copyright.  The  Senior  Channel  has twenty four hour
programming  per  day.  There  was  no  gain  or  loss  recognized when accounts
receivable  for  the  Senior  Channel  was  converted  into Investment in Senior
Channel.  The  Company's projections indicate that the cost will be recovered in
four  to five years.  The Company continues to evaluate this asset quarterly and
will amortize the cost over five years.  The amortization during the Nine months
ended  September  30,  1999  was  $103,452  and  the  cumulative amortization at
September  ,  1999  was  $241,388.


NOTE  10  -  INVESTMENT  IN  COMMON  STOCK

The  Company  owned  31,630  shares  of Quick Tent, Inc. (NASD Small Cap QTNT)at
September  30,  1998.  The Company sold Quick Tent, Inc. stock in 1998 resulting
in  a loss of $31,748.  This investment is included in Other Assets at September
30,  1998  at  a  value  of  $16,542.

NOTE  11-  FILM  LIBRARY

The  Film  Library consists of approximately 2,000 films and television produced
tapes  at  a  cost  of  $12,745.

NOTE  12  -  BRIDGE  LOAN

In  the quarter ended March 31, 1999, Bridge Loans in the amount of $50,000 were
converted  into 62,500 shares of common stock of the Company at an average price
of  $0.80  per  share.  In  1998  Bridge  Loans  in  the amount of $333,750 were
converted into 450,731 Common Shares at an average price of $0.74 per share.  An
additional  134,602 shares were issued to equalize the conversion price with the
market  price in 1998, and 372,880 shares were issued to equalize the conversion
price  with  the  market  price  in  1999.


NOTE  13  - RECONCILIATION OF CHANGES IN NOTES PAYABLE TO CASH FLOW GENERATED BY
INCREASE  IN  NOTES  PAYABLE

Notes  Payable  1998                               $1,603,529
Notes  Payable  1999                                1,561,979
                                                   -----------
Net  Change                                           (41,550)
Notes  paid  by  Conversion  to  Common  Stock         50,000
                                                   -----------
Cash  Flow  generated  by  Note  Payable             $  8,450
                                                   -----------


NOTE  14  -  CAPITAL  STOCK

During  1998,  the Company declared a 1 for 5 reverse split in its common stock.
At  the  time  of  the  reverse  in  November 1998, there were 19,987,526 shares
outstanding.  After  adjusting  the  outstanding  shares for the 1 for 5 reverse
split,  there  were  3,997,521  shares  outstanding.


                                       12
<PAGE>
NOTE  15  -  STOCK  ISSUED  FOR  FINANCING

The  Company issued 3,400,000 shares (680,000 post-split shares) of common stock
for  no  consideration  for  which  the  Company  was  to receive financing.  As
financing  has not materialized, the Company is in the process of retrieving the
stock.

NOTE  16  -  DEBT  FORGIVENESS  BY  AFFILIATE

An  affiliated  company forgave its debt from American Independent Network, Inc.
in  the  amount  of  $688,734  in  1998.  Pursuant to Accounting Principal Board
Opinion  Number  26, the amount was treated as a contribution to capital.  There
was  no  tax  effect  as  the  Company  has  no  tax  asset  or  liability.

NOTE  17  -  LEGAL  MATTERS

The Company has had several judgments rendered against it. Judgments in place at
September  30,  1999  are  as  follows:

                                        Judgment Entered For
                                        --------------------

Witner,  Poltraock,  Giampietro                   $  11,921
Hall,  Estill,  Hardwick  &  Gable                   29,862
New  Image  Video                                    90,000
Ira  Weingarten/Equity  Communications               60,000
                                                  ---------
                                                  $ 191,783
                                                  ---------

These  amounts  have  been  accounted  for  in  accounts  payable.


                                       13
<PAGE>
ITEM  2.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS.

     The  following  discussion  should  be  read  in  conjunction with American
Independent  Network, Inc.'s  (the "Company's") financial statements and related
notes  included  elsewhere  in  this  Report.

Information  Regarding  and  Factors  Affecting  Forward-looking  Statements

     The  Company  is  including the following cautionary statement in this Form
10-QSB to make applicable and take advantage of the safe harbor provision of the
Private  Securities  Litigation  Reform  Act  of  1995  for  any forward-looking
statements  made  by,  or  on behalf of, the Company. Forward-looking statements
include  statements  concerning  plans,  objectives,  goals,  strategies, future
events  or performance and underlying assumptions and other statements which are
other  than  statements  of  historical  facts.  Certain statements in this Form
10-QSB  are  forward-looking  statements.  Words  such  as  "expects",
"anticipates","estimates"  and  similar  expressions  are  intended  to identify
forward-looking  statements.  Such  statements  are  subject  to  risks  and
uncertainties  that  could  cause actual results to differ materially from those
projected.  Such  risks  and  uncertainties  are  set forth below. The Company's
expectations,  beliefs  and  projections  are  expressed  in  good faith and are
believed  by  the  Company  to  have  a  reasonable  basis,  including  without
limitation,  management's  examination  of  historical  operating  trends,  data
contained  in the Company's records and other data available from third parties,
but  there  can  be  no  assurance  that  management's  expectation,  beliefs or
projections  will  result, be achieved, or be accomplished. In addition to other
factors  and  matters  discussed  elsewhere  herein, the following are important
factors  that,  in the view of the Company, could cause material adverse affects
on  the  Company's  financial  condition and results of operations:  demographic
changes;  existing  government  regulations  and  changes  in, or the failure to
comply  with  government  regulations;   the  loss of any significant numbers of
subscribers  or  viewers;  changes  in  business  strategy or development plans;
technological  developments  or  obsolescence,  and  difficulties (including any
associated  with  the  Year  2000);  the ability to attract and retain qualified
personnel;  significant  indebtedness of the Company; the ability of the Company
to  obtain  acceptable forms and amounts of financing for current operations and
expansion;  the  demand  for,  and  price  level  of,  the  Company's  services;
competitive  factors;  evolving industry and technology standards; dependence on
key  personnel.  The  Company  has  no  obligation  to  update  or  revise these
forward-looking  statements  to  reflect  the  occurrence  of  future  events or
circumstances.

General

     The  Company  was  founded  on  December 11, 1992 and provides programming,
media  production and syndication services to television arid cable stations, as
well  as  satellite uplink services to certain cable channels. The Company has a
wholly-owned  subsidiary,  Eureka  Media & Trading, Inc., formed in the State of
Nevada  on  September  6, 1995, which has not commenced operations. In 1998, the
Company  changed  the  name  of  its  subsidiary  to  "Senior  Channel,  Inc."


                                       14
<PAGE>
     The  Company originally broadcast its programs via analog transmission and,
in  1996, had Affiliate Agreements with over 150 Affiliate Stations. However, in
late  1996,  the  Company  converted  from analog to digital transmission and in
connection  with  the  conversion,  was  required  to  provide  digital decoding
equipment  to  each  of its Affiliate Stations. Due to the cost of providing the
decoding  equipment, the Company was not able to furnish the equipment to all of
its  then existing Affiliate Stations. Accordingly, upon conversion, the Company
initially  entered  into  Affiliate  Agreements  with 33 Affiliate Stations. The
Company  has  since entered into Affiliate Agreements to provide family-oriented
television  to  a  network of 35 broadcast television stations and cable systems
nationwide.  The  stations  serviced  by the Company are primarily "independent"
broadcast stations, meaning that they have no affiliation with the major network
organizations  (NBC;  ABC;  CBS;  Fox;  WB  Network; and Paramount). The Company
maintains  a  library of over 2,000 programs covering a wide array of topics and
interests,  and  includes  cartoons,  sports, sitcoms, movies, news and weather,
comedy,  science  and health shows, documentaries, and public interest programs.
The  Company  also  offers  original  programs,  celebrity  golf  tournaments.
professional  boxing,  fishing  expeditions  and  interactive  programming.

Result  of  OperationsBNine  Months  Ended  September  30,  1999  and  1998

     Revenues

     For the nine months ended September 30, 1999, revenues were $88,223 and for
the  comparable nine month period in 1998, revenues were $228,545.  The decrease
in  1999  revenues  was due primarily to a decrease in 1999 in satellite channel
lease  revenues.

     Cost  of  Operations

     For  the  nine months ended September 30, 1999 and September 30, 1998, cost
of operations were $582,189 and $500,608, respectively.  The increase in cost of
operations  for the nine months ended September 30, 1999, is due primarily to an
increase  in  production  expenses  and  depreciation  and  amortization.

     General  and  Administrative

     For  the  nine  months  ended September 30, 1999 general and administrative
expenses were $212,429 and for the nine months ended September 30, 1998, general
and  administrative  expenses  were  $423,030.  The  decrease  in  general  and
administrative  expenses  for  the  nine  months ended September 30, 1999 is due
primarily  to  decreases  in  legal  expenses, labor, telephone, transportation,
office  supplies  and  sales  tax.

     Operating  Loss

     For  the  nine  months  ended  September  30, 1999, the Company's operating
losses  were  $779,263  and  for  the  comparable  period in 1998, the Company's
operating  losses were $743,702.  The loss before income taxes and extraordinary
items for the nine months ended September 30, 1999 was $967,854 as compared to a
loss  before  income  taxes  and  extraordinary  items for the nine months ended
September  30, 1998 of $1,042,656.  Net loss for the nine months ended September
30,  1999  was  $1,007,478  as  compared to a net loss for the nine months ended
September  30, 1998 of $1,076,306.  The decrease in the loss before income taxes
and  extraordinary  item  in  1999 is due primarily to a decrease in general and
administrative  expenses  and  a  decrease in other expenses being more than the
decrease  in  revenues  (caused  by  the  decrease  in  satellite  channel lease
revenues).   There  was  also  an increase in cost of conversion of bridge loans
and  preferred  stock.

     Net  Loss

     For  the  nine  months ended September 30, 1999 and September 30, 1998, net
loss  per  share  was  $.06  and  $.07,  respectively.


                                       15
<PAGE>
Liquidity  and  Capital  Resources

     The  Company  has  financed  its  operations  through  a combination of the
issuance  of  equity  securities to private investors, issuance of private debt,
loans  from  affiliates,  and  cash  flow  from  operations.  The  Company  has
cumulative  losses  of  $7,315,708  from  inception  through September 30, 1999.

     Current  liabilities  at  September  30,  1999 were $2,715,762 which exceed
current  assets of $285,497 by $2,430,265.  Current liabilities at September 30,
1998  exceeded  current assets by $3,173,475.  The increase in current assets in
the  third  quarter  of 1999 compared to the third quarter of 1998 was primarily
due  to  the  increase  in  cash.  The current liabilities at September 30, 1999
decreased  compared  to  September  30, 1998 due primarily to decreases in notes
payable.

     The  Company  has  been  able  to generate funds from private placements to
finance  operations,  however,  in  the  event  the  Company requires additional
capital  investments,  there can be no assurance that a sufficient amount of the
Company's  securities  can be sold to fund the continuing operating needs of the
Company.

     Management  believes  that  anticipated  cash flows from operations will be
sufficient  to  meet  the  Company's  expected  cash needs and to finance future
operations,  however,  in the event that future revenues are not sufficient, the
Company  will  conduct  private  and/or  public offerings of its equity stock or
enter  into  bridge  loan  financing  to  raise  the  necessary  capital.

Impact  of  Inflation

     Management  does  not believe that general inflation has had or will have a
material  effect  on  operations.

Year  2000  Issues  and  Y2K

     The Company has conducted a comprehensive review of its computer systems to
identify any business functions that could be affected by the "Year 2000" issue.
As  the  millennium  ("Year  2000 or Y2K") approaches, businesses may experience
problems  as  the  result  of  computer  programs being written using two digits
rather  than  four  to  define the applicable year.  The Company has conducted a
comprehensive  review of its computer systems to identify those areas that could
be  affected  by the "Year 2000" issue.  Any of the Company's programs that have
time-sensitive  software may recognize a date using "00" as the year 1900 rather
than  the  year  2000.  If  not  corrected,  this  could  result  in  extensive
miscalculations  or  a  major  system  failure.

     The  Company  relies  on industry standard software.  Certain manufacturers
have  already  provided  the Company with upgraded software to address the "Year
2000"  issue  and the Company believes that its remaining software manufacturers
will  modify  their  programs  accordingly.  In  the  event  the  remaining
manufacturers  do  not upgrade their software packages, the Company will replace
such  software  with  programs  that address the "Year 2000" issue.  The Company
believes that by modifying existing software and converting to new software, the
"Year  2000"  issue  will  not  pose significant operational problems and is not
anticipated  to require additional expenditures that would materially impact its
financial  position  or  results  of  operations  in  any  given  year.


                                       16
<PAGE>
     The  Company is presently assessing its Year 2000 compliance status and the
status  of its hardware and service providers and its network affiliates.  Based
on  these  assessments,  management  believes that significant exposure does not
exist  with  respect  to  known  third  parties.
However,  since  the Company's revenues are materially dependent on each network
affiliate being able to use their own technology systems to broadcast, there can
be  no  assurance  that  the Company will escape the consequences of a Year 2000
compliance  deficiency.

     Year  2000  Contingency  Plans.  In  the event that the Company's computers
ultimately  are shown not to be Y2K compliant, the Company will seek to make its
software  compliant.




                                     PART II

                                OTHER INFORMATION

ITEM  2.     CHANGES  IN  SECURITIES.

     The  following unregistered share issuances were effectuated by the Company
in  reliance  upon exemptions from registration under the Securities Act of 1933
as amended (the "Act") as provided in Section 4(2).  Each certificate issued for
unregistered  securities contained a legend stating that the securities have not
been  registered  under  the  Act  and  setting  forth  the  restrictions on the
transferability  and the sale of the securities. No underwriter participated in,
nor did the Company pay any commissions or fees to any underwriter in connection
with  any  of  these  transactions.  None  of the transactions involved a public
offering.  These  issuances  were the result of negotiations between the Company
and  the  shareholders.  Each  certificate  issued  for  unregistered securities
contained  a  legend  stating  that  the  securities  have  not  been registered
under  the  Act  and  setting  forth  the  restrictions  on  the transferability
and  the sale of the securities.  The Company believes each person had knowledge
and  experience in financial and business matters which allowed them to evaluate
the  merits  and  risk  of  the  purchase or receipt of these securities of  the
Company.  The  Company  believes  each  person  was  knowledgeable  about  the
Company's  operations  and  financial  condition.

     On  September  2,  1999, American Independent Network, Inc. (the "Company")
closed a transaction (the "HTV Transaction") whereby the Company issued and sold
11,000,000  shares  of  its  common  stock  to Hispano Television Ventures, Inc.
("HTV")  for  $500,000  in  cash.    The  Company  believes  that  HTV  issued
convertible  debt  to  pay  for the shares.  HTV now owns approximately 57.9% of
the  presently  outstanding  shares  of  common  stock  of  the  Company,  which
represents  a  change  in  control  of  the  Company.


                                       17
<PAGE>
ITEM  5.     OTHER  INFORMATION.

          In  August, 1999, the Company entered into an Asset Transfer Agreement
(the  "Asset  Transfer  Agreement")  with  Hispano  Television  Ventures,  Inc.
("HTV")  whereby  HTV  agreed  to  pay  certain  obligations  of  the  Company
totaling  $82,500,  and  the  Company  agreed to repay this  amount to HTV on or
before  August  20,  1999  and  to  give  HTV  eight months of free  use  of the
satellite  uplink  equipment  and the satellite transponder, both of  which  the
Company  leases  from  third  parties.  The  Asset  Transfer  Agreement provided
that  if  the  Company  does  not  meet  the  terms  of  the  Asset  Transfer
Agreement,  then  the  Company  is  obligated  to  immediately  transfer  and
assign  to  HTV:  (i)  the  leases  to  the uplink equipment and  the  satellite
transponder;  and,  (ii)  the  Company's  FCC  Radio  Station Authorization (the
"Earth  Station License"), which was granted to the Company in 1997.  The  Earth
Station  License  authorizes  the Company to build and operate a domestic  fixed
transmit/receive  C-band  earth  station  uplink  system  on  the  Company's
premises.  The  Earth  Station  License  expires  in  July,  2007.  The  Company
has  not  yet  built  the  earth  station  uplink  system.  The  Asset  Transfer
Agreement  provided  that  if  the  asset  transfer  is effectuated,  HTV  would
allow  the  Company  to use the transferred assets for a satellite  usage fee of
$22,500  per  month,  with  one  month of free usage, and the Company  would  be
able  to  continue  providing  its  programming  to its network affiliates.  The
leases  to  the  uplink  equipment  and the satellite transponder, and the Earth
Station  License  are  material  and  major assets of the Company.  Although the
Company  did  not repay HTV, the asset transfer has not been effectuated at this
time.  As  part of the HTV Transaction, HTV will assist in the management of the
operations  of  the  Company  on  a  interim  basis.

     In October, 1999, the Company and HTV entered into a merger agreement which
is  subject  to  approval by the shareholders of the Company and HTV.  Under the
terms  of  the merger, HTV would merge into the Company, the assets of HTV would
become  the  assets  of the Company, and the shareholders of HTV would receive a
total of 70,000,000 shares of American Independent Network.  As discussed above,
HTV  previously purchased 11,000,000 shares of common stock from the Company for
$500,000  in cash.  Pursuant to the terms of the merger, these 11,000,000 shares
would  be  returned  to  the  Company  as  treasury  stock  or  for cancellation

ITEM  6.     EXHIBITS  AND  REPORTS  ON  FORM  8-K.

(a)     Exhibits

     27.1     Financial  Data  Schedule

(b)     Reports  on  Form  8-K

The  Company  filed  a Report on Form 8-K dated September 2, 1999 which reported
Item  1.  Changes  in  Control  of  Registrant,  Item  2.  Acquisition  or
Disposition  of  Assets  and  Item  5.  Other  events.


                                       18
<PAGE>
                                   SIGNATURES

     In  accordance  with  the  requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

     American  Independent  Network,  Inc.

November  12,  1999                    /s/  Randy  Moseley
                                       ______________________________
                                       Randy  Moseley
                                       Director  and  Chief  Financial  Officer




                                       19
<PAGE>