U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM 10-QSB


(Mark One)
[ X ]           QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF
                    THE SECURITIES EXCHANGE ACT OF 1934


For the quarterly period ended            March 31, 1999
                                          ______________

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


For the transition period from _______________________to______________________

                                                            
                         Commission file number 0-24217


                               RIGL CORPORATION
        _______________________________________________________________
       (Exact name of small business issuer as specified in its charter)


        Nevada                                              85-0206668
_____________________________________________________________________________
 (State or other jurisdiction                              (IRS Employer
     of incorporation)                                  Identification No.)

4840 East Jasmine Street, Suite 105, Mesa, Arizona                  85205
_____________________________________________________________________________
(Address of principal executive offices)                         (Zip Code)

Registrant's telephone number, including area code:   (602) 654-9646 

                                      N/A
_____________________________________________________________________________
       (Former name of former address, if changed since last report.)


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 ___ 
   


                      APPLICABLE ONLY TO CORPORATE ISSUERS:
 
State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date: XXXXXXXXXXXX as of April 30,
1999.


Transitional Small Business Disclosure Format (check one): YES         NO   X


PAGE
<PAGE>
                                RIGL CORPORATION
                              INDEX TO FORM 10-QSB




PART I - FINANCIAL INFORMATION

Item 1 - Financial Statements
                                                            Page
                                                            Number

Consolidated Balance Sheets
     as of March 31, 1999 and September 30, 1998              4

Consolidated Statements of Operations
     for the six months and three months ended 
     March 31, 1999 and 1998                                  6

Consolidated Condensed Statements of Cash Flows
     for the six months ended March 31, 1999 and 1998         7


Notes to Consolidated Financial Statements                   8-15



Item 2 - Management's Discussion and Analysis of
         Financial Condition and Results of Operations      15-17



PART II - OTHER INFORMATION


Item 1 - Legal Proceedings                                    18

Item 2 - Changes in Securities and Use of Proceeds            18

Item 3 - Defaults Upon Senior Securities                      18

Item 4 - Submission of Matters to a Vote of Security Holders  18

Item 5 - Other Information                                    18

Item 6 - Exhibits and Reports on Form 8-K                     18

Signatures                                                    19
PAGE
<PAGE>
                              RIGL CORPORATION
                         CONSOLIDATED BALANCE SHEETS

                                                March 31,       September 30,
                                                 1998               1998
                                                __________        __________
                                               (unaudited)
ASSETS                  
_______
Current assets:
    Cash and cash equivalents              $       43,673      $   1,194,139
    Accounts receivable                           128,468             97,122
    Other receivables                               1,417              2,926
    Inventory                                       5,034
    Prepaid expenses                                2,500              1,949
                                                __________        __________
         Total current assets                     181,092          1,296,136

Property and equipment                            485,991            307,235
Less accumulated depreciation                    (158.154)           (98,992)
                                                __________        __________
         Net property and equipment               327,837            208,243

Other assets:
    Organization costs                              1,560              1,560
    Shareholder loans                              65,500             68,000
    Other interest bearing loans                  344,733             75,000
    Proprietary technology                        587,743            797,663
    Technology rights                              28,750             14,375
    Deposits                                       62,270             62,271
    Goodwill                                      152,295               -
    Less accumulated amortization                  (5,857)              (624) 
                                                __________        __________
          Net other assets                      1,236,995          1,018,245
                                                __________        __________
          Total assets                     $    1,745,924      $   2,522,624

LIABILITIES AND STOCKHOLDERS' EQUITY               
____________________________________
Current liabilities:
    Accounts payable                       $      178,110      $      45,717
    Notes Payable                                 175,564               0
    Accrued payroll expenses                      220,653            123,788
                                                __________        __________
          Total current liabilities               574,327            169,505

Commitments and contingencies

Stockholders' equity:
     Preferred stock; $.001 par value;
     authorized 15,000,000 shares,
     Series A, 3,000,000 authorized:
       No shares issues and outstanding at
       March 31, 1999 and September 30, 1998         -                 -
     Series A.1, 3,000,000 authorized:
       No shares issues and outstanding at
       March 31, 1999 and September 30, 1998         -                 -

     Common stock; $.001 par value;
     authorized 50,000,000 shares;
       issued and outstanding: 14,567,770 at
       March 31, 1999 and 
       12,403,634 shares at September 30, 1998,
       respectively
                                                   15,421             12,404
Additional paid-in capital                      6,632,890          6,547,141 
Treasury stock, at cost, 679,292 shares           (69,822)           (69,822)
Accumulated deficit                            (5,406,892)        (4,136,604)
                                                __________        __________
     Total stockholders' equity                 1,171,597          2,353,119
                                                __________        __________
     Total liabilities and
      stockholders' equity                     $1,745,924        $ 2,522,624
                                                ==========        ==========

      See accompanying notes to these consolidated financial statements.
PAGE
<PAGE>
                                RIGL CORPORATION
                     CONSOLIDATED STATEMENTS OF OPERATIONS
                                  (unaudited)


                               Six Months Ended          Three Months Ended
                           ______________________     _______________________
                           March 31,     March 31,     March 31,     March 31,
                             1999          1998          1999          1998
                          __________    __________    __________    __________
Revenue:
  Collection fees      $    233,470   $    324,824  $    123,330  $   163,636
  Revenues from
  medical practices         351,698           -          216,936         -
  Corporate revenue          45,171         37,742          -          36,193
  Other income                4,263            264         4,249          231
                          __________    __________    __________    __________
     Total revenue          634,602        362,830       344,515      200,060

Direct expense                2,795           -            2,806         -
                          __________    __________    __________    __________
Gross profit                631,807        362,830       341,709      200,060

  General &
  administrative
  expenses                1,832,766      1,196,433       950,359      596,825
  Depreciation &
  amortization
  expense                    64,395         30,950        33,361        4,014
                          __________    __________    __________    __________
Net operating
income (loss)            (1,265,354)      (864,553)     (642,011)    (400,779)

  Interest expense           11,853             26        11,696
  Interest (income)          (6,969)       (40,119)          (60)     (24,250)
                          __________    __________    __________    __________
Income before taxes    $ (1,270,238)  $   (824,460) $   (653,647) $  (376,529)

  Provision for
  income taxes                   50           -               50         -
                          __________    __________    __________    __________
Net income (loss)      $ (1,270,288)  $   (824,460) $   (653,697) $  (376,529)
                          ==========    ==========    ==========    ==========

Basic EPS              $      (0.10)  $     (0.08)  $     (0.05)  $     (0.03)
                          ==========    ==========    ==========    ==========
Diluted EPS            $      (0.10)  $     (0.08)  $     (0.05)  $     (0.03)
                          ==========    ==========    ==========    ==========

      See accompanying notes to these consolidated financial statements.
PAGE
<PAGE>
                                RIGL CORPORATION
                CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
                                  (unaudited)


                                                        Six Months Ended
                                                   __________________________
                                                     March 31,     March 31,
                                                       1999          1998
                                                   __________     __________
CASH FLOWS PROVIDED BY (USED IN)
OPERATING ACTIVITIES:
     Net cash provided by (used in)
     operating activities                      $   (1,269,755) $    (914,752)
                                                   __________     __________

CASH FLOWS PROVIDED BY (USED IN)
INVESTING ACTIVITIES:                
  Capital expenditures                               (178,756)       (33,667)
  Expenditures to acquire intangible assets           (14,375)       (10,000)
  Expenditures to acquire/develop
  technology rights                                   (40,080)       (81,500)
                                                   __________     __________
    Net cash provided by (used in)
    investing activities                             (233,211)      (125,167)
                                                   __________     __________

CASH FLOWS PROVIDED BY (USED IN)
FINANCING ACTIVITIES:
  Payments on shareholder loans                         2,500
  Proceeds from issuance of common stock              350,000          1,495
  Proceeds from issuance of preferred stock              -         2,065,640
                                                   __________     __________
    Net cash provided by (used in)
    financing activities                              352,500      2,607,135
                                                   __________     __________

Net increase(decrease) in cash and
cash equivalents                                   (1,150,466)     1,027,216

Cash and cash equivalents
at beginning of period                              1,194,139        838,809
                                                   __________     __________
Cash and cash equivalents at end of period     $       43,673  $   1,866,205
                                                   ==========     ==========


      See accompanying notes to these consolidated financial statements
PAGE
<PAGE>
                                RIGL CORPORATION
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS

a.   Organization of business

Nuclear Corporation of New Mexico ("NCNM") was incorporated in December 1968
for the purpose of mineral, oil and gas exploration.  The initial amount
raised for exploration activities was $300,000, and NCNM remained active in
this business until 1974.  Since 1974, NCNM has been substantially inactive,
receiving only residual income from over-riding royalty interest in oil and
gas leases.

In April, 1994 NCNM moved its domicile from the state of New Mexico to Nevada. 
From that period until its combination with Renaissance Center, Inc.
("RenCen") NCNM remained substantially inactive.

On June 27, 1997, in an agreement and plan of merger, all of the common stock
of RenCen, a Nevada corporation, was acquired by NCNM.  In the agreement, one
share of common stock of NCNM was received by the shareholders of RenCen  for
each share of RenCen's common stock held.  In addition, every one share of
Series A preferred stock of RenCen was exchanged for one share of Series A
preferred stock of NCNM.  In connection with the merger agreement, NCNM
changed its name to Renaissance International Group, Ltd. ("Renaissance"). 
The merger was accounted for similarly to a pooling of interests.

The management of RenCen instituted a 1 for 2 reverse split of its common
stock held by management prior to the combination with NCNM.  Subsequently,
RenCen decreased the number of authorized shares of common stock, par value
$.001, from 50 million to 25 million shares.  In addition, the number of
shares issued and outstanding were reduced on the basis of 1 for 2 with any
scrip shares created as a result of the reverse rounded up to the next whole
share.  No reduction or alterations were made to the preferred shares of
RenCen.  On June 22, 1998, the shareholders approved a change of the Company
name to RIGL Corporation ("the Company" or "RIGL") and increased the
authorized shares of the Company to 50 million shares.

On September 1, 1998, RIGL Corporation purchased 100% of the common stock of
Medical Resource Systems, Inc. in exchange for 100,000 shares of RIGL
Corporation common stock.  This business combination was accounted for as a
pooling of interests.

On November 10, 1998, RIGL Corporation purchased all of the outstanding common
stock of Mountain Office Management, Inc. in exchange for 300,000 shares of
the Company's common stock.

On March 16, 1999 RIGL Corporation entered into an agreement to acquire 100%
of the common stock of Telco Billing, Inc. a Nevada corporation in exchange
for 17,000,000 shares of RIGL Corporation common stock.  2,000,000 million
shares of RIGL Corporation common stock was issued upon signing of the
agreement to Telco Billing, Inc. existing shareholders.  The balance due of
15,000,000 shares  of RIGL Corporation common stock will be issued upon
closing of the agreement scheduled for June 1, 1999.


b.   Nature of business

RIGL's focus is to bring businesses to the internet utilizing a combination of
services, proprietary technology, existing tools and information service
providers.  RIGL has positioned itself to build a substantial presence in the
Information Marketplace while providing its customers the ability to
capitalize on the rapidly growing internet market.  RIGL has developed a
strategic plan based on the proprietary technology and knowledge base of its
technical development team to leverage itself into the information
marketplace.

RIGL is creating a network of online services to provide information to
consumers and businesses.   RIGL offers an innovative new service which has
simplified the process of gaining an online presence so businesses nationwide
can advertise their goods and services with the click of a button. This
service is offered through Telco Billing, Inc. under the trade name Yellow-
Page.Net.  RIGL currently is in the process of acquiring Telco Billing, Inc.
which will become a wholly owned subsidiary of RIGL Corporation.  The
acquisition is scheduled to close on June 1, 1999.

Yellow-Page.Net is an online information service that contains listings, on a
local basis by city, category or business name, for more than 18 million
businesses in the United States and Canada free of charge. Yellow-Page.Net
features a myriad of other online services including business locators,
detailed destination and mapping services, people finders (white pages), web
site construction, sales leads and toll-free number directories. 

Yellow-Page.Net offers a premium listing service that allows businesses to be
listed in a special priority area located before other non-premium business
listings which are listed alphabetically, and many times span multiple web
pages. In addition, these listings may contain fax and 800 number listings, an
online detailed map to business locations, as well as direct links to business
e-mail and web sites for no additional charge. Whether a large corporation or
a small home-based business, premium business listings are available for a
small monthly fee. The premium listing service is offered through a special
arrangement with phone companies. The feature, called "Local Exchange Carrier
Billing," makes it simple and easy by having service fees billed to the
customers' monthly phone bill.  Yellow-Page.Net's  goal is to make things very
simple and easy for advertisers to help them get over the stigma that
advertising on the internet is too difficult or costly for their company to
participate. Even if a business does not have a computer, Yellow-Page.Net has
made it easy to advertise on the internet. 

Yellow-Page.Net is a member of two yellow page trade associations: Yellow Page
Publishers Association, "YPPA," which is the major trade association of yellow
page publishers throughout the world, and the Association of Directory
Publishers, "ADP," who chiefly represent independent yellow page publishers. 
Yellow-Page.Net has a partnership with one of the largest internet yellow page
databases to maximize the exposure of its customers' premium listing.  In
addition Yellow-Page.Net is aggressively pursuing various programs to increase
traffic both to www.yellow-page.net and to other sites utilizing the same core
database. 

Technology and implementation tools are necessary to simplify the management
and presentation of information.  RIGL is committed to creating strategic
partnerships with key vendors to enhance the core Asset Management Information
Retrieval Environment (AMIRE) technology that RIGL is developing.  The tools
and technology must allow companies to provide Intelligent Intuitive
Information to their market, without the need for large cost intensive
information management departments.  RIGL's core technology works between its
customers' information repository and the web browser that the end information
user will utilize to access the information.  This type of technology is
commonly referred to as "middle ware", providing the critical link between a
simple user interface (Web Browser) and a complex data repository.  RIGL's
development is focused on building middle ware tools to increase the end
user's browser intelligence as well as provide a common form of information
that can easily be interpreted across multiple markets and industries.

RIGL Technologies, a wholly owned subsidiary of RIGL Corporation, is currently
finalizing a prototype information system for the medical industry.  This
technology, known as AMIRE (Asset Management Information Retrieval
Environment) is designed to provide intuitive access to information databases
via a web browser.  While the system is focused primarily on medical
information sources today, the core engine was designed to provide middle-ware
services between databases and web browsers regardless of what the information
is.  Once this system is finalized and released it is the intent of RIGL
Technologies to begin developing additional modules that customize the
environment for various information markets.  Based on the technical ability
and reputation of the technical staff RIGL has provided consulting services,
based on RIGL's proprietary information management models,  to Silicon
Graphics and Price Waterhouse Consulting to provide information system designs
for their respective customers.

RIGL Technologies has a long term goal to move information access to a new
level of efficiency.  Search engine capabilities today are limited and more
often than not provide erroneous or irrelevant data when searching.  Building
on the AMIRE core engine RIGL is confident that it can create the next
generation tools to provide intelligent web-based data searching.

In support of the development efforts RIGL has created a medical service
organization to provide an internal test bed for its technologies.   The
Company has assembled a team of medical management professionals which has
formulated a unique proprietary process of Medical Resource Planning ("MRP"). 
This process, when implemented into physician practices, provides economies of
scale allowing the practice to operate more efficient and cost effective. 
Therefore, the time physicians spend on running the business is reduced to a
minimum (current statistics show that physicians spend 28% of their time
running the business), thus allowing physicians to use their skills in
practicing medicine.  The net result of decreased costs and increased revenue
are equally split between the physicians and the Company.  

While providing a valuable service to physicians, RIGL's team of technical
experts, with years of experience in software development, system integration
and implementation, continuously utilize the input of the medical management
professionals, physicians and their staffs to design the interface and
functionality of Medical AMIRE .  This approach results in a system designed
to meet the day-to-day requirements of medical offices, proven in a real life
environment by the actual users, not programmers. 

RIGL is continuing to identify opportunities to create partnerships and expand
operations in the online web market.  In addition to internal technology
development RIGL intends to dramatically increase its offerings of services
and technologies to the Information Marketplace through acquisitions, joint
ventures, and coalition agreements.


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a.   Principles of Consolidation

The consolidated financial statements include the accounts of the Company and
its wholly owned subsidiaries.  All material intercompany transactions and
balances have been eliminated in consolidation.

b.   Accounting Method

The Company recognizes income and expenses based upon the accrual method of
accounting.  No allowances have been made for doubtful accounts.

c.   Unaudited Information and Basis of Presentation

The consolidated balance sheet as of March 31, 1999 and statements of
operations and condensed cash flows for all periods included in the
accompanying financial statements have not been audited.  In the opinion of
management these financial statements include all normal and recurring
adjustments necessary for a fair presentation of such financial information. 
The results of operations for the interim periods are not necessarily
indicative of the results of operations to be expected for the full year.

The financial information included herein has been prepared pursuant to the
rules and regulations of the Securities and Exchange Commission.  Certain
information and footnote disclosures normally included in financial statements
prepared in accordance with generally accepted accounting principles have been
omitted pursuant to such rules and regulations.  The interim financial
information and the notes thereto should be read in conjunction with the
audited financial statements for the fiscal year ended September 30, 1998
which were included in the Company's 1998 Annual Report to Stockholders.

d.   Property and Equipment

Property and equipment are stated at cost.  Depreciation is computed using the
straight-line method over the useful lives of the assets as follows:

               Furniture and equipment               5-7 years
               Automobiles                             5 years
               Leasehold Improvements               estimated useful life or
                                                    length of lease,
                                                    whichever is shorter

e.   Proprietary Technology

The Company capitalizes production costs incurred to further develop a
computer software product with established technological feasibility. 
Amortization of these costs has not been recorded as sales of the product have
not begun in earnest.    

f.   Income Taxes

The Company, a C Corporation, accounts for income taxes in accordance with
Statement of Financial Accounting Standards No. 109 (Accounting for Income
Taxes).

As of September 30, 1998, the Company has approximately $3,369,000 of net
operating loss carry forwards which can be used to offset future taxable
income.

g.   Management's Estimates and Assumptions

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period. 
Actual results could differ from those estimates.

h.   Recent Accounting Pronouncements

In June 1997, SFAS No. 130, "Reporting Comprehensive Income" ("SFAS 130") was
issued.  SFAS 130 establishes standards for the reporting of comprehensive
income and its components in a full set of general-purpose financial
statements for periods beginning after December 15, 1997.  Reclassification of
financial statements for earlier periods for comparative purposes is required.

In June 1997, SFAS No. 131, "Disclosures about Segments of an Enterprise and
Related Information" ("SFAS 131") was issued.  SFAS 131 revises information
regarding the reporting of operating segments.  It also establishes standards
for related disclosures about products and services, geographic areas and
major customers.

The Company adopted SFAS 130 and SFAS 131 in the first quarter of fiscal 1999
and does not expect such adoptions to have a material effect on the
consolidated financial statements and footnotes.


NOTE 3   SHAREHOLDERS' EQUITY

During the six months ended March 31, 1999, the Company completed the
following stock transactions from its authorized but unissued capital shares:

     The Company issued 300,000 shares in exchange for all the issued and
     outstanding stock of Mountain Office Management Systems, Inc.

     The Company revised the agreement for the 1998 North American rights to
     the Medasys System by rescinding and renegotiating the transaction. In
     December 1998, the Company rescinded the 255,864 shares of common stock
     issued, which was originally valued at $500,000.  In January 1999, the
     Company issued 100,000 shares of common stock for the exclusive North
     American rights effective January 1, 1999.

     The Company, prior to the signing of the agreement to acquire Telco
     Billing, Inc., received $350,000 in exchange for 700,000 shares of the
     Company's common stock and an ongoing commitment to aide management in
     future business ventures.

     The Company issued 20,000 shares in exchange for marketing services.

     The Company issued 2,000,000 to the shareholders of Telco Billing, Inc.
     pursuant to the agreement and prior to the closing as part of the
     acquisition price.  The transaction calls for the issuance of 17,000,000
     shares at closing less the 2,000,000 previously issued.

Effective October 22, 1997 warrants were issued to existing stockholders to
acquire 2,666,920 common shares at a price of $2.00 per share and 750,000
common shares at a price of $2.30 per share.  The warrants expire on October
30, 1999.  The Company granted certain of its executive officers and other
individuals options to purchase shares of the Company's common stock.  At
December 31, 1998 options to purchase 1,125,474 shares of common stock were
outstanding.


NOTE 4 - EARNINGS PER SHARE

In February 1997 the Financial Accounting Standards Board ("FASB") issued
Statement of Financial Accounting Standards ("SFAS") No. 128, Earnings Per
Share, which is effective for financial statements for both interim and annual
periods ending after December 15, 1997. The new standard eliminates primary
and fully dilutive earnings per share and requires presentation of basic and
diluted earnings per share with disclosures of the methods used to compute the
per share amounts.

Basic earnings per share excludes dilution and is computed by dividing income
available to common shareholders by the weighted-average common shares
outstanding for the period. Diluted earnings per share reflects the weighted-
average common shares outstanding plus the potential effect of securities or
contracts which are convertible to common shares such as options, warrants,
and convertible debt and preferred stock. The adoption of this standard is not
expected to have a material impact on earnings per share of the Company. In
computing diluted EPS, the average stock price for the period is used in
determining the number of shares assumed to be purchased from exercise of
stock options rather than the higher of the average or ending stock price as
used in the computation of fully diluted EPS.

The following is a reconciliation between the components of the basic and
diluted net income (loss) per share calculations for the periods presented
below:
<PAGE>
                                       Six Months Ended:
                          March 31, 1999               March 31, 1998
                ______________________________  _____________________________
                Income     Shares       Per     Income      Shares     Per
                                        Share                          Share
                                        Amount                         Amount
                ________   ________   ________  ________   ________   _______
Basic income
(loss) per
share
 Net income
  (loss)    $ (1,270,288) 12,795,078   $(0.10) $(824,460) 10,175,598  $(0.08)
                                      ========                        =======
Effect of
dilutive
securities                                                       
 Stock
 options
 /warrants
                ________   ________             ________   ________  

Diluted net
income (loss)
per share

 Net income
 (loss) plus
 assumed
 exercises
 and
 conversions $(1,270,288) 12,795,078   $(0.10) $(824,460) 10,175,598  $(0.08)
               =========  ==========   =======  ========  ========= ========


                                    Three Months Ended:
                          March 31, 1999               March 31, 1998
                ______________________________  _____________________________
Basic income
(loss) per
share
 Net income
  (loss)    $   (653,647) 12,883,190   $(0.05) $(376,529) 11,109,830  $(0.03)
                                      ========                        =======
Effect of
dilutive
securities                                                       
 Stock
 options
 /warrants
                ________   ________             ________   ________

Diluted net
income (loss)
per share

 Net income
 (loss) plus
 assumed
 exercises
 and
 conversions $  (653,647) 12,883,190   $(0.05) $(376,529) 11,109,830  $(0.03)
               =========  ==========   =======  ========  ==========  =======

                                     Item 2.
                    MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                 FINANCIAL CONDITION AND RESULTS OF OPERATIONS


FINANCIAL POSITION AND LIQUIDITY

The Company's current ratio was 0.3 to 1  at March  31, 1999.  Cash and cash
equivalents decreased $1,150,466 to $43,673 at March 31, 1999 from $1,194,139
at September 30, 1998.  The decrease in cash and cash equivalents was
primarily due to cash used in operations and expenditures for long lived
assets.

The Company has successfully raised capital financing during the years ended
September 30, 1998 and 1997, respectively.  Additional capital will be
required for the Company to fully expand its operations into all of the
markets.  The amount of the additional capital that may be required is
dependent upon, among other things, the expansion of existing financial
resources, and the availability of other financing on favorable terms and
future operating results.  Therefore, the Company's ultimate success may
depend upon its ability to raise additional capital or debt financing.  There
can be no assurance that additional capital can be raised or obtained as
needed or that the Company can ultimately fulfill its business objectives.

The Company does not anticipate paying dividends on its Common Stock in the
foreseeable future.

Certain matters contained herein are forward looking statements that involve
risks and uncertainties that could cause actual results to differ materially
from those in the forward looking statements.  Assumptions relating to these
forward looking statements involve judgments with respect to, among other
things, future economic, competitive and market conditions and future business
decisions, all of which are difficult or impossible to predict accurately and
many of which are beyond control of the Company.


RESULTS OF OPERATIONS

     Total Revenue.  Total revenue increased $271,772 to $634,602 during the
six months ended March 31, 1999 as compared to the $362,830 in the same period
of fiscal 1998.   These increases are due to the consulting services provided
to physician practices.  These services began in the fourth quarter of fiscal
1998.  The remaining increases were due to  consulting services provided by
Renaissance Center, Ltd. in the entertainment and multimedia industries. 
These increases  were offset by a decrease in the billing and collection fees
generated.  These decreases were due to a partial reduction in the billing
services performed to one of their clients. 

Management has recognized that recent developments in data storage and optical
transmission capabilities have greatly increased the capability to transfer,
store and retrieve data.  Hierarchical communication languages can be used to
develop software applications which will make real-time access of this
information a reality as well as adding artificial intelligence to core
operating systems.

These recent developments, combined with the Company's own state of the art
proprietary technology have enabled it to look at alternative applications. 
Management believes that the health services industry may provide this
alternative.  This industry, though technically advanced in equipment, relies
upon out-dated record keeping and retrieval methods.  The Company is actively
pursuing acquisitions and affiliations in the medical industry.  Initially it
has targeted physician groups, outpatient surgical centers, skilled nursing
facilities and medical specialty organizations.  It is management's intention
to continue to examine all industries for possible applications of its
proprietary technology as well as looking for opportunities to acquire other
synergistic technologies.

Management believes that the billing and collection fees and consulting
services to physician practices will increase in fiscal 1999.

     General & Administrative Expenses.   General & administrative expenses
increased $636,333 to $1,832,766 during the six months ended March 31, 1999 as
compared to the $1,196,433 in the same period of fiscal 1998.  The increases
in general & administrative expenses relate to several key components to the
future success of the Company.  First are the expenses incurred associated
with research and development costs related to the Company's proprietary
technology.  Additional costs are due to increased sales and marketing efforts
related to the Company's proprietary technology.  Finally, general &
administrative expenses increased due to the costs incurred in securing key
management personnel for both the corporate management development programs.  

The Company had thirty five employees at March 31, 1999 compared to thirty at
September 30, 1998.  These employees were dedicated to the development of the
AMIRE system and the enrollment and operation of physician practices. 
Management anticipates additional employees will be hired as the Company
progresses through the development stage of the AMIRE system and enrolls
physician practices.

     Depreciation & Amortization Expense.  Depreciation  & amortization
expense increased $33,445 to $64,395 during the six months ended March 31,
1999 as compared to the $30,950 in the same period of fiscal 1998.  The
increase in depreciation is due to the addition of approximately $180,000 in
property and equipment during fiscal 1999.  Management anticipates additional
property and equipment will be required as the Company progresses through the
development stage of the AMIRE system.  The Company has approximately $588,000
capitalized as proprietary technology as of March 31, 1999 and anticipates
additional costs will be incurred to develop the AMIRE systems.  Amortization
of these costs has not been recorded as sales of the product have not begun in
earnest.

     Interest Income.  Interest income decreased $33,151 to $6,968 during the
six months ended March 31, 1999 as compared to the $40,119 in the same period
of fiscal 1998.  The decrease is due to the lower cash balances to invest in
interest earning accounts.  These cash balances will be utilized in the future
on the development of the AMIRE system, therefore interest income could
decrease in future periods.   

     Income Taxes.  The provision for income taxes relates to minimum tax
requirements in various states that the Company does business.  The Company
has approximately $3,400,000 of net operating loss carry forwards which can be
used to offset future taxable income.

     Net Income (loss) and Weighted Average Shares.  Net loss for the six
months ended was $1,270,288 (or $0.10 per share) compared to net loss of
$824,460 (or $0.08 per share) for the prior year second quarter.

The weighted average number of shares outstanding for the six month period
ended March 31, 1999 and 1998  were 12,795,078 and 10,175,598 , respectively.

PAGE
<PAGE>
                                RIGL CORPORATION

                                    PART II

Item 1     Legal Proceedings
           None


Item 2     Changes in Securities and Use of Proceeds
     
           (a)    Not applicable

           (b)    Not applicable

           (c)     Not applicable


Item 3     Defaults Upon Senior Securities
           None


Item 4     Submission of Matters to a Vote of Security Holders
           None


Item 5     Other Information
           None


Item 6    Exhibits and Reports on Form 8-K

          (a)   Exhibit Index                                        Page 19

          (b)   A Form 8-K was filed on October 16, 1998 announcing the
                appointment of Eugene Starr to the Board of Directors and the
                resignation of Walter Vogel.

                A Form 8-K/A was filed on November 12, 1998 providing the
                required financial information of the acquisition of Medical
                Resource Systems, Inc.

                A Form 8-K was filed on March 29, 1999 announcing that it had
                signed an agreement to acquire Telco Billing, Inc.


PAGE
<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, thereto duly
authorized.


May 14, 1999


RIGL CORPORATION


By   _____/s/______ 
     Kevin L. Jones
     Kevin L. Jones,
     Title: Director and President


By   _____/s/______
     Peter de Krey
     Peter de Krey,
     Title: Corporate Secretary


PAGE
<PAGE>
                                RIGL CORPORATION
                               INDEX TO EXHIBITS

Exhibit
Number     Description
____________________________________

  27       Financial Data Schedule