SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-QSB



               Quarterly Report Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


 For Quarter Ended September 30, 1996             Commission File No. 33-30476-D


                          RENEGADE VENTURE CORPORATION
             (Exact name of Registrant as specified in its charter)


      COLORADO                                                    84-1108499
 (State or other jurisdiction of                       (I.R.S. Empl. Ident. No.)
 incorporation or organization)


                      90 Madison Street, Suite 707
                             Denver, Colorado                           80206
               (Address of Principal Executive Offices)               (Zip Code)


                                 (303) 355-3000
              (Registrant's Telephone Number, including Area Code)


Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or such shorter period that the Registrant was required
to file such  reports),  and (2) has been  subject to such filing to such filing
requirements for at least the past 90 days.

                     Yes              No   X

The number of shares  outstanding of each of the Registrant's  classes of common
equity, as of June 30, 1996 are as follows:


          Class of Securities                           Shares Outstanding
      Common Stock, no par value                             320,000



<PAGE>


                                      INDEX
                                                                         Page of
                                                                          Report

            PART I.        FINANCIAL INFORMATION


Item 1. Financial Statements.

     Balance Sheets:

     As of September 30, 1996 (Unaudited) and December 31, 1995              3

     Statement of Operations (Unaudited):

     For the nine months ended  September 30, 1996 and 1995 and 
     Cumulative from inception (February 13, 1989) through 
     September 30, 1996                                                      4

     Statements of Cash Flows (Unaudited):

     For the nine months ended  September 30, 1996 and 1995 and 
     Cumulative from inception (February 13, 1989) through 
     September 30, 1996                                                      5

     Notes to Financial Statements (Unaudited)                               6


Item 2. Management's Discussion and Analysis or Plan of Operation            7


            PART II.       OTHER INFORMATION


Item 6. Exhibits and Reports on Form 8-K                                     7


     Signatures                                                              8


                                        2

<PAGE>

                          RENEGADE VENTURE CORPORATION
                         (A Development Stage Company)
                                 Balance Sheets
                                   (Unaudited)

                                                          Sept. 30,    Dec. 31,
                                                            1996         1995
                                                            ----         ----
                                  ASSETS
CURRENT ASSETS
     Cash ..............................................    28,332       32,208
                                                            ------       ------
       Total Current Assets ............................    28,332       32,208

TOTAL ASSETS ...........................................    28,332       32,208
                                                            ------       ------


LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
     Accounts payable ..................................         0          385
                                                            ------       ------
        Total  Liabilities .............................         0          385
                                                            ------       ------
STOCKHOLDERS' EQUITY
     Common stock, no par value; 50,000,000
      shares authorized, 320,000 shares issued
      and outstanding                                            0        3,200
     Additional paid-in capital ........................    63,125       59,925
     Deficit accumulated during the development stage      (34,793)     (31,302)
   Total  Stockholders' Equity .........................    28,332       31,823
                                                            ------       ------

TOTAL LIABILITIES AND
  STOCKHOLDERS' EQUITY .................................    28,332       32,208
                                                            ------       ------

                See accompanying notes to financial statements.

                                       3

<PAGE>


<TABLE>

<CAPTION>

                          RENEGADE VENTURE CORPORATION
                         (A Development Stage Company)
                            Statement of Operations
                                   (Unaudited)
                                                                                Cumulative from
                                                                                   inception
                                                                                (Feb. 13, 1989)
                                             For The Nine Months Ended,             through
                                       Sept. 30, 1996          Sept. 30, 1995       Sept. 30,            1996
                                       --------------          --------------       ---------            ----
<S>                                    <C>                     <C>                  <C>                  <C>
Revenues ...........................             0                       0                0

Costs and Expenses:
     Legal and accounting services .         2,663                   2,320           22,973
     Stock transfer and promotion ..           615                     565           15,655
     Office and postage ............           538                     275            2,459
     Amortization ..................             0                       0            1,760
                                       --------------          --------------       ---------            ----
  Total Expenses ...................         3,816                   3,160            4,284
                                       --------------          --------------       ---------            ----
  Loss from operations .............         3,816)                 (3,160)         (42,847)
                                       --------------          --------------       ---------            ----
Other Income
     Interest income ...............             0                       0            8,054
                                       --------------          --------------       ---------            ----
Net Loss Incurred during Development
   Stage                                    (3,816)                 (3,160)         (34,793)
                                        --------------          --------------       ---------           ----
Net Loss per common share ..........1           --                      --               --
                                       --------------          --------------       ---------            ----
Weighted average shares outstanding         320,000                320,000           320,000
                                       --------------          --------------       ---------            ----

Dividends declared per common share             --                      --               --
                                       --------------          --------------       ---------            ----

1   Net loss per share is less than $.01 in each period
       presented.

                                       4
<PAGE>


<CAPTION>


                          RENEGADE VENTURE CORPORATION
                         (A Development Stage Company)
                            Statements of Cash Flows
(Unaudited)



                                                                        Cumulative from
                                                   For the Nine months  inception (Feb. 13,
                                                     ended, Sept 30,     1989) through
                                                     1996     1995       Sept. 30, 1996
<S>                                                 <C>       <C>        <C> 

Cash flow operating activities
     Net loss ...............................       (3491)   (3160)       (34793)
     Adjustments to reconcile net loss to net
       cash used by operating activities:               0        0             0
          Amortization ......................           0        0          1760
          Increase (decrease) in accounts payable    (325)    (870)            0

     Net cash provided by (used In)
       operating activities .................      (3,816)   (4030)       (33033)

Cash flow from investing activities
     Net cash provided by investing act                 0        0         (1760)

Cash flows from financing activities
     Net cash provided by financing act .....           0        0         63125

Net increase (decrease) in cash                    (3,816   (4,030)       28,332

Cash and cash equivalents at beg. period ....      32,148   36,758             0

Cash and cash equivalents at end of period ..      28,332   32,728        28,332


                See accompanying notes to financial statements.
</TABLE>

                                       5

<PAGE>



                          RENEGADE VENTURE CORPORATION
                          (A Development Stage Company)
                    Notes to Financial Statements (Unaudited)


Note 1. Renegade Venture  Corporation  ("Company") was incorporated in the State
     of Colorado on February 13, 1989.  The Company was to obtain funding from a
     public  offering  in order to provide a vehicle to acquire or engage in one
     or more business  opportunities  believed by management to have a potential
     for profitability.  The accompanying  unaudited financial statements of the
     Company have been prepared on the accrual basis and in accordance  with the
     instructions  to Form 10-QSB and do not include all of the  information and
     footnotes required by generally accepted accounting principles for complete
     financial  statements.  In  the  opinion  of  management,  all  adjustments
     (consisting of normal recurring accruals)  considered  necessary for a fair
     presentation have been included.  These financial statements should be read
     in conjunction with the financial  statements and notes thereto included in
     the  Company's  annual  report on Form  10-KSB  for the  fiscal  year ended
     December 31, 1995.

Note 2. During the fiscal year ended December 31, 1995,  the Company  incurred a
     net loss of $4,065  and,  as of that  date,  had  accumulated  a deficit of
     $30,977.  The Company had no operations during the third quarter covered by
     these statements and realized no revenues,  although it incurred a loss for
     the quarter of $1,221.

Note 3. Future  working  capital  requirements  are  dependent on the  Company's
     ability to attain  profitable  operations,  to  restructure  its  financing
     arrangements or capital  structure,  and to obtain financing or new capital
     as  required.  It is not  possible  at this time to predict  the outcome of
     future  operations,   restructuring   efforts,  or  whether  the  necessary
     alternative financing can be arranged.

Note 4. A change of control of the Company occurred  effective April 13, 1994 in
     which the former  officers and directors  resigned and were replaced by the
     current officers and directors, and two of the officers of the Company sold
     an aggregate of 13,353,125 shares owned by them to Corporate Communications
     Network,  Inc., for cash. This  transaction did not involve any issuance of
     additional shares by the Company.

     Subsequent  to quarter  ended June 30,  1996,  the  Company's  shareholders
     approved at a special meeting an amendment to the Company's  certificate of
     incorporation which effected a 1-for-100 reverse split (combination) of the
     Company's  Common  Stock and,  in  conjunction  with such  combination,  an
     increase in the number of  authorized  shares and  eliminate the $.0001 per
     share par value of the common  shares,  changing them to shares without par
     value.  As a result of the reverse split,  the 32,000,000  common shares of
     the Company,  $.0001 par value, issued and outstanding prior to the reverse
     split were  changed  into  320,000  common  shares  without  par value.  No
     preferred shares are issued or outstanding. Following the reverse split and
     amendment  to the  articles of  incorporation,  the  Company's  articles of
     incorporation  authorize the issuance of 50,000,000  shares of common stock
     without par value and 15,000,000 preferred shares without par value.

Note 5. Loss per common share is based on the weighted  average number of common
     shares outstanding during the period.




                                        6

<PAGE>



Item 2.     Management's Discussion and Analysis or Plan of Operation.

     Business. Renegade Venture Corporation, a Colorado corporation ("Company"),
is in the development  stage in accordance with Financial  Accounting  Standards
Board  Standard  No.  7.  The  Company  has not  been  operational,  other  than
occasionally searching for a business or venture to acquire, as described below,
or had revenues other than interest income since its inception.

     The Company's  sole business at this point is to seek to acquire  assets of
or an interest in a small to medium-size  company or venture actively engaged in
a business  generating  revenues or having  immediate  prospects  of  generating
revenues.  The  Company  plans to acquire  such  assets or shares by  exchanging
therefor  the  Company's  securities.  In  order to avoid  becoming  subject  to
regulation  under the  Investment  Company Act of 1940, as amended,  the Company
does not intend to enter into any transaction  involving the purchase of another
corporation's  stock unless the Company can acquire at least a majority interest
in that corporation. The Company has not identified any industry, segment within
an  industry  or type  of  business,  nor  geographic  area,  in  which  it will
concentrate  its  efforts,  and any assets or  interest  acquired  may be in any
industry or location, anywhere in the world. The Company will give preference to
profitable  companies or ventures  with a significant  asset base  sufficient to
support a listing on a national  securities  exchange or quotation on the NASDAQ
system.  Members  of  management  (all of whom  are  devoting  part  time to the
Company's affairs) plan to search for an operating business or venture which the
Company  can  acquire,  thereby  becoming  an  operating  company.  There  is no
assurance that the Company will be successful in this endeavor.  The Company has
no operations or source of revenues.  Unless the Company succeeds in acquiring a
company or properties which provide cash flow, the Company's  ability to survive
is in doubt.

     Financial  Condition.  During the quarter  ended  September 30, 1996 (third
quarter  of this  year),  the  Company  had no  revenues  and did not  have  any
operations.  Expenses  for this  period  were  minimal,  resulting  in a loss of
$1,221.  The Company  has,  since  inception,  accumulated  a deficit (net loss)
through the end of this quarter of $34,793.

     Liquidity and Capital Resources. The Company had cash on hand at the end of
the  quarter of  $28,332,  the  remnant of funds  raised in its  initial  public
offering.  The Company had no other cash or other assets,  nor any current plans
to raise capital. Whether the Company ultimately becomes a going concern depends
upon its success in finding and  acquiring a suitable  private  business and the
success of that acquired  business.  At this time, the Company has no commitment
for any capital  expenditure  and foresees  none.  Offices are provided  without
charge to the Company. However, the Company will incur routine fees and expenses
incident  to  filing  of  periodic  reports  with the  Securities  and  Exchange
Commission,  and it will  incur  fees  and  expenses  in the  event  it makes or
attempts to make an acquisition.  As a practical matter,  the Company expects no
significant  operating costs other than  professional  fees payable to attorneys
and accountants.

     In regard to a proposed acquisition,  the Company anticipates requiring the
target  company to deposit with the Company a retainer which the Company can use
to defray such professional fees and costs. In this way, the Company could avoid
the  need to  raise  funds  for  such  expenses  or  becoming  indebted  to such
professionals.  Moreover,  investigation  of  business  ventures  for  potential
acquisition  will involve  some costs,  at the least  postage and  long-distance
telephone charges. Management hopes, once a candidate business venture is deemed
to be  appealing,  to likewise  secure a deposit  from the  business  venture to
defray  expenses  of  further  investigation,  such as air  travel  and  lodging
expenses. An otherwise desirable business venture may, however,  decline to post
such a deposit.

     The Company has no credit  available  to it and is unable to borrow  money.
Management  does not anticipate  raising funds through the sale of securities or
otherwise,  and it is  unlikely  that  significant  funds  could be  raised in a
securities  offering,  in  any  event.  This  inability  to  raise  funds  could
negatively affect the Company's realization of its business purpose.








                                        7

<PAGE>


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

            (a)   Exhibits.  Exhibit 27 - Financial Data Schedule.

            (b)   Reports on Form 8-K.  NONE





                                   SIGNATURES


     In accordance  with the  requirements  of the Exchange Act, the  Registrant
caused this Report on Form 10-QSB to be signed on its behalf by the undersigned,
thereunto duly authorized.


DATED: November 13, 1996
                          RENEGADE VENTURE CORPORATION





                           By  /s/ Randy J. Sasaki
                               -------------------
                               Randy J. Sasaki, Chief Executive Officer
                               and Chief Financial Officer


                                        8