UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C.  20549

                            FORM 10-Q

[x]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
     ACT OF 1934
               For quarterly period ended September 30, 1999

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
     EXCHANGE ACT OF 1934
          For the transition period from ___________ to _________________


                 Commission File Number:  018581


                    RENAISSANCE CAPITAL PARTNERS, LTD.
_____________________________________________________________________________
          (Exact name of registrant as specified in its charter)

          Texas                                 75-2296301
_____________________________________________________________________________
(State or other jurisdiction            (I.R.S. Employer I.D. No.)
of incorporation or organization)

8080 North Central Expressway, Dallas, Texas          75206-1857
_____________________________________________________________________________
(Address of principal executive offices)               (Zip Code)

                           214/891-8294
_____________________________________________________________________________
       (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 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
                        _____             _____ <PAGE>
                  PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

                RENAISSANCE CAPITAL PARTNERS, LTD.

              Statements of Assets, Liabilities and
                        Partners' Equity



<TABLE>                                 <S>                <S>
          Assets                        December 31, 1998  September 30, 1999
                                                               (Unaudited)
                                              <C>             <C>
Cash and cash equivalents                     $   924,786     $   434,612
Investment in Sunrise Media LLC                 1,152,674       1,041,402
Investments at market value, cost of
 $5,658,903 and $6,001,434 at December
 31, 1998 and September 30, 1999
 respectively                                   1,636,807       1,574,624
Interest and fees receivable                       28,093          14,604
Other assets                                        2,594          22,725
                                               ----------      ----------
                                               $3,744,954      $3,087,967
                                               ==========      ==========
   Liabilities and Partners' Equity

Accounts payable - trade                       $    9,201      $      863
Accounts payable - related party                   49,473          27,972
                                               ----------      ----------
    Total liabilities                              58,674          28,835
                                               ----------      ----------
Partners' equity:
  General partner                                     -0-             -0-
  Limited partners: 128.36 units outstanding    3,686,280       3,059,132
                                               ----------      ----------
    Total partners' equity                      3,686,280       3,059,132
                                               ----------      ----------
                                               $3,744,954      $3,087,967
                                               ==========      ==========
Limited partners' equity per limited
 partnership unit                              $   28,718      $   23,832
                                               ==========      ==========
<FN>
See accompanying notes to financial statements. </FN> </TABLE> <PAGE>
                     RENAISSANCE CAPITAL PARTNERS, LTD.

                          Statements of Operations

                                (Unaudited)
<TABLE>      <S>                               <S>
             Three Months Ended September 30,  Nine Months Ended September 30,
                     1998           1999              1998            1999
                 -----------      ---------        -----------      ---------
                 <C>              <C>              <C>              <C>
Income:

 Interest        $     8,056      $  (7,924)       $    27,925      $   4,044
 Dividends             5,563          5,136             18,593         14,810
 Other invest-
  ment income            -0-            -0-                -0-            -0-
                 -----------      ---------        -----------      ---------
  Total income        13,619         (2,788)            46,518         18,854
                 -----------      ---------        -----------      ---------
Expenses:
 General and
  administrative      48,181         18,179            188,985         77,778
 Management fees      21,878         15,373             94,204         52,236
                 -----------      ---------        -----------      ---------
  Total expenses      70,059         33,552            283,189        130,014
                 -----------      ---------        -----------      ---------
  Investment
   loss net          (56,440)       (36,340)          (236,671)      (111,160)

  Loss from
   investment in
   Sunrise Media
   LLC               (84,819)         3,664           (192,965)      (111,272)

  Net realized
   gain (loss)
   on invest-
   ments                 -0-            -0-           (483,570)           -0-

  Net unrealized
   gain (loss)
   on invest-
   ments          (1,408,235)      (320,312)        (4,907,780)      (404,716)
                 -----------      ---------        -----------      ---------
  Net income
   (loss) re-
   sulting from
   operations    $(1,549,494)     $(352,988)       $(5,820,986)     $(627,148)
                 ===========      =========        ============     =========

  Net income
   (loss) per
   limited
   partnership
   unit           $   (12,071)    $  (2,750)       $   (45,280)     $  (4,886)
                  ===========     =========        ===========      =========

  Weighted
   average
   limited
   partnership
   units               128.36        128.36             128.53         128.36
                  ===========     =========        ===========      =========
<FN>
See accompanying notes to financial statements. </FN> </TABLE> <PAGE>
                     RENAISSANCE CAPITAL PARTNERS, LTD.

                       Statement of Partners' Equity
<TABLE>                                <S>         <S>              <S>
                                       General       Limited
                                       Partner      Partners        Total
                                       -------      --------        -----
                                      <C>          <C>           <C>
Balance, December 31, 1998            $    -0-     $3,686,280    $3,686,280

Net income (unaudited)                     -0-       (627,148)     (627,148)
                                      --------     ----------    ----------
Balance, September 30, 1999
 -(unaudited)                         $    -0-     $3,059,132    $3,059,132
                                      ========     ==========    ==========
<FN>
See accompanying notes to financial statements. </FN> </TABLE> <PAGE>
                     RENAISSANCE CAPITAL PARTNERS, LTD.

                          Statement of Cash Flows

                                (Unaudited)
<TABLE>                                        <S>
                                               Nine Months Ended September 30,
                                                   1998              1999
                                                -----------        ---------
                                                <C>                <C>
Cash flows from operating activities:
 Net income (loss)                              $(5,820,986)       $(627,148)

 Adjustments to reconcile net income (loss)
  to net cash used in operating activities:
   Loss from Sunrise Media LLC                      192,965          111,272
   Unrealized (gain) loss on investments          4,907,780          404,716
   Realized loss on investments                     483,570              -0-
   (Increase) decrease in:
    Accounts receivable                              (2,817)          13,488
    Other assets                                    101,740          (20,131)
   Increase (decrease) in:
    Accounts payable                                (45,689)         (29,839)
                                                -----------        ---------
   Net cash flows from operating activities        (183,437)        (147,642)
                                                -----------        ---------
Cash flows from investing activities:
  Purchase of investments                          (116,000)        (342,532)
  Proceeds from sale of securities                  620,352              -0-
                                                -----------        ---------
   Net cash used by investing activities            504,352         (342,532)
                                                -----------        ---------
Cash flows from financing activities:
  Liquidation of partners interests                 (38,701)             -0-
                                                -----------        ---------
Net increase (decrease) in cash                     282,214         (490,174)

Cash and cash equivalents at beginning of
 period                                             652,529          924,786
                                                -----------        ---------
Cash and cash equivalents at end of period         $934,743         $434,612
<FN>
See accompanying notes to financial statements. </FN> </TABLE> <PAGE>
                 RENAISSANCE CAPITAL PARTNERS, LTD.
                    Notes to Financial Statements
                         September 30, 1999

1. Organization and Business Purpose

   Renaissance Capital Partners, Ltd. (the "Partnership"), a Texas limited
   partnership, was formed on July 31, 1989.  The Partnership seeks to achieve
   current income and long-term capital appreciation by making investments
   primarily in private placement convertible debt securities of smaller public
   companies.  The Partnership has elected to be treated as a business
   development company under the Investment Company Act of 1940, as amended.
   The Partnership will terminate upon liquidation of all its investments, but
   no later than June 14, 2000, subject to the right of the Independent General
   Partners to extend the term for up to one additional one-year period if they
   determine that such extension is in the best interest of the Partnership.
   The Independent General Partners have already elected to exercise two of
   three extension periods available to them.  The Partnership has begun
   liquidation of its investments.

2. Summary of Significant Accounting Policies

   A. Contributed Capital - Proceeds from the sale of the limited partnership
      interests, net of related selling commissions and syndication costs, are
      recorded as contributed capital.

   B. Statement of Cash Flows - The Partnership considers all highly liquid debt
      instruments with original maturities of three months or less to be cash
      equivalents.  No interest or income taxes were paid during the periods.

   C. Valuation of Investments - The valuation of investments in debentures and
      preferred stock which are convertible into unregistered securities is
      based upon the bid price of the underlying securities obtained through
      normal market systems less a discount for selling and registration costs.
      For those investments not having an established market, the valuation is
      at the Partnership's costs for the first six months after closing and will
      be redetermined by the General Partners subsequent to that time period.

   D. Management Estimates - The financial statements have been prepared in
      conformity with generally accepted accounting principles.  The preparation
      of the accompanying financial statements requires estimates and
      assumptions made by management of the Partnership that affect the reported
      amounts of assets and liabilities as of the date of the statements of
      assets, liabilities and partners' equity and income and expenses for the
      period.  Actual results could differ significantly from those estimates.

   E. Interest Income  - Interest income is accrued on all debt securities owned
      by the partnership on a quarterly basis.  When it is determined that the
      interest accrued will not be collected, the income for that quarter is
      reduced to reflect the net interest earned during the period.  The
      Partnership accrued $6,578 in interest income in the current quarter,  and
      determined that $14,502 in accrued and unpaid interest obligations of
      Sunrise Media, LLC were uncollectible and should be written off, resulting
      in net interest income of ($7,924) for the three months ended September
      30, 1999.  At September 30, 1999, three companies had debt obligations to
      the Partnership: Feminique, Inc. owed the Partnership $100,000 pursuant to
      an 8% Convertible Promissory Note, Danzer Corporation owed $25,000
      pursuant to a 13% Promissory Note, and Sunrise Media LLC owed $237,000 to
      the Partnership pursuant to three separate Promissory Notes.  Feminique
      and Danzer were current on their interest obligations and Sunrise was in
      default on all of its debt obligations to the Partnership at the quarter
      end.  Due to the problems present at Sunrise, the Partnership may not
      accrue any further interest income on the Sunrise debt obligations.

   F. Financial Instruments - In accordance with the reporting requirements of
      Statement of Financial Accounting Standards No. 107, "Disclosures about
      Fair Value of Financial Instruments," the Company calculates the fair
      value of its financial instruments and includes this additional
      information in the notes to the financial statements when the fair value
      is different than the carrying value of those financial instruments.  When
      the fair value reasonably approximates the carrying value, no additional
      disclosure is made.

3. Basis of Presentation

   The accompanying financial statements have been prepared without audit, in
   accordance with the rules and regulations of the Securities and Exchange
   Commission and do not include all disclosures normally required by generally
   accepted accounting principles or those normally made in annual reports on
   Form 10-K.  All material adjustments, consisting only of those of a normal
   recurring nature, which, in the opinion of management, were necessary for a
   fair presentation of the results for the interim periods have been made.
<PAGE>
                 RENAISSANCE CAPITAL PARTNERS, LTD.
              Notes to Financial Statements (Continued)
                         September 30, 1999

4. Partnership Agreement

   Pursuant to the terms of the partnership agreement, all items of income,
   gain, loss and deduction of the Partnership, other than any Capital
   Transaction, as defined, will be allocated 1% to Renaissance and 99% to the
   Limited Partners.  All items of gain of the Partnership resulting from a
   Capital Transaction shall be allocated such that the Limited Partners receive
   a cumulative simple annual return of 10% on their capital contributions and
   any remaining gains shall be allocated 20% to Renaissance and 80% to the
   Limited Partners.  All items of loss resulting from Capital Transactions
   shall be allocated 1% to Renaissance and 99% to the Limited Partners.  To the
   extent that allocation of losses create a negative capital balance in either
   the Managing General Partner's or the Limited Partners' capital accounts,
   losses shall be allocated as described herein until such capital account is
   $0.  The remaining loss is allocated to the capital account with a positive
   capital balance.

5. Investments

   Investments of the Partnership are carried in the statements of assets,
   liabilities and partners' equity at quoted market or fair value, as
   determined in good faith by the Managing General Partner and approved by the
   Independent General Partners.

   For securities that are publicly traded and for which quotations are
   available, the Partnership will value the investments based on the closing
   sale as of the last day of the fiscal quarter, or in the event of an interim
   valuation, as of the date of the valuation.  If no sale is reported on such
   date, the securities will be valued at the average of the closing bid and
   asked prices.

   Generally, debt securities will be valued at their face value.  However, if
   the debt is impaired, an appropriate valuation reserve will be established or
   the investment discounted to estimated realizable value. Conversely, if the
   underlying stock has appreciated in value and the conversion feature
   justifies a premium value, such premium will of necessity be recognized.

   The Managing General Partner, subject to the approval and supervision of the
   Independent General Partners, will be responsible for determining fair value.

   The financial statements include investments valued at $2,789,481 (74% of
   total assets) and $2,616,026 (84% of total assets) as of December 31, 1998
   and September 30, 1999, respectively, which values have been estimated by the
   Investment Advisor in the absence of readily ascertainable market values.
   Because of the inherent uncertainty of valuation, those estimated values may
   differ significantly from the values that would have been used had a ready
   market for the investments existed, and the differences could be material.
<PAGE>
                RENAISSANCE CAPITAL PARTNERS, LTD.
            Notes to Financial Statements (Continued)
                        September 30, 1999

<TABLE>                               <S>         <S>            <S>
                                                  CONVERSION
                                                      or
                                      COST        FACE VALUE     FAIR VALUE
                                   <C>            <C>            <C>
Feminique Corporation
Convertible Promissory Note        $  100,000     $  100,000     $  100,000
Common Stock                        1,688,657        500,132        437,908

Danzer Corporation
Note                                   25,000         25,000         25,000
Common Stock                        2,678,479        937,528        871,453

Lion's Gate Entertainment Corp.
Common Stock                          733,313        141,680        140,263

Next Generation Media Corp.
Preferred Stock                       775,485        775,485            -0-
Warrants                                  500            500            -0-
                                   ----------     ----------     ----------
Subtotal:                           6,001,434      2,480,325      1,574,624

OTHER INVESTMENTS

Sunrise Media, LLC
Equity Investment                   1,212,038      1,212,038        904,402
Promissory Notes                      237,000        237,000        137,000
                                   ----------     ----------     ----------
Total                              $7,450,472     $3,929,363     $2,616,026
                                   ==========     ==========     ==========
<FN>
The fair value of debt securities convertible into common stock is the sum of
(a) the value of such securities without regard to the conversion feature, and
(b) the value, if any, of the conversion feature.  The fair value of debt
securities without regard to conversion features is determined on the basis of
the terms of the debt security, the interest yield and the financial condition
of the issuer.  The fair value of the conversion features of a security, if any,
are based on fair values as of this date less an allowance, as appropriate, for
costs of registration, if any, and selling expenses.  Publicly traded
securities, or securities that are convertible into publicly traded securities
are valued at the last sale price, or at the average closing bid and asked
price, as of the valuation date.  While these valuations are believed to
represent fair value, these values do not necessarily reflect amounts which may
be ultimately realized upon disposition of such securities.</FN> </TABLE> <PAGE>

                 RENAISSANCE CAPITAL PARTNERS, LTD.

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

GENERAL

(1)  Material Changes in Financial Condition

     During the quarter ended September 30, 1999, the Partnership's net loss
     from operations was $352,988, and the total Partners' Equity account
     decreased by a like amount.  This loss resulted from an unrealized loss on
     investments of $320,312 and the Partnership's net investment loss of
     $36,340, as well as the Partnership's $3,664 decrease in the loss from its
     investment in Sunrise Media LLC.

     The following portfolio transactions are noted for the quarter ended
     September 30, 1999 (portfolio companies are herein referred to as the
     "Company"):

     Feminique Corporation  (FEMQ)  In the quarter ended September 30, 1999, the
     Partnership invested $100,000 in a Convertible Promissory Note of the
     Company.  The Note bears interest at 8% per annum with interest payments
     coming due October 31, 1999, March 31, 2000 and June 1, 2000.  The maturity
     date of the Note is June 1, 2000, and it is convertible into shares of
     Feminique common stock at the rate of $0.15 per share.  The Note carries
     anti-dilution provisions which are contained in our standard convertible
     debenture agreements, and also gives the Partnership demand and piggyback
     registration rights.  In addition, the Note is secured by all the assets of
     the parent as well as the common stock of the parent's single operating
     subsidiary, Quality Health Products, Inc.

     Sunrise Media, LLC  (Private) At September 30, 1999, the Company continued
     to be in default on the $200,000 Promissory Note, the $10,000 Promissory
     Note, and the $27,000 Promissory Note.  All principal and unpaid interest
     came due at April 15, 1999 on the $200,000 Note, at April 16, 1999 on the
     $10,000 Note, and at July 1, 1999 on the $27,000 Note.  To date, the
     Partnership has not received any payments pursuant to any of its
     obligations.  At September 30, 1999, the Partnership determined that all
     accrued and unpaid interest owed by Sunrise was uncollectible, and
     accordingly wrote off that interest income.

(2)  Material Changes in Operations

     During the quarter ended September 30, 1999, the Partnership experienced a
     net loss of $352,988.  This loss resulted from a net investment loss of
     $36,340, a decrease in the loss from the Partnership's investment in
     Sunrise Media LLC of $3,664 and an unrealized loss on investments of
     $320,312.  Interest income has decreased $15,980 for the three months ended
     September 30, 1999 when compared to the same period last year, primarily
     due to the charging off of accrued and unpaid interest owed on the debt
     obligations of Sunrise Media, LLC.  General and administrative expenses
     decreased to $18,179 for the three month period ended September 30, 1999,
     primarily because of a decrease in legal fees and travel expenses.

LIQUIDITY AND CAPITAL RESOURCES

     In addition to the proceeds raised in the Partnership's initial private
     placement, the Partnership's historical sources of available capital for
     investment have been interest income and transactional fees charged by the
     Partnership with respect to the Portfolio Investments, director fees paid
     by Portfolio Companies to the Partnership's director designees, and gains
     from capital transactions.  Because the Partnership is liquidating,
     however, historical sources of capital, including transactional and
     director fees, will not be available, leaving gains from capital
     transactions and portfolio turnover as the primary sources of capital.
<PAGE>
     Over the last year or two, income received has primarily come from interest
     income on Portfolio Convertible Debenture investments and upon the sale of
     common stock.  In prior quarters, as investments were committed or closed,
     income from closing fees and commitment fees were also recorded.  The
     Partnership has converted, or, where appropriate,  is in the process of
     converting, its remaining debt positions into equity securities of
     portfolio companies.  Future income will primarily be dependent upon the
     sale of these stocks or dividends received, when such are declared and paid
     by Portfolio companies.  In addition, the Partnership is not actively
     considering additional Portfolio Investments.  Therefore, no significant
     further income from closing and commitment fees is anticipated.

     At September 30, 1999, the only debt securities held by the Partnership are
     the notes held in Feminique, Inc., Danzer Corporation and Sunrise Media,
     LLC.  Sunrise is in default on all of its debt obligations and the
     Partnership has written off all accrued and unpaid interest obligations of
     Sunrise at September 30, 1999.  The Preferred Stock in Next Generation
     Media Corporation  has a dividend right, but might not generate consistent
     dividend income, as it is unclear at this time whether the Company has
     enough cash flow to satisfy the dividend obligation on a continuing basis.
     The Managing General Partner is uncertain whether any of these positions
     will provide the Partnership with any interest or dividend income going
     forward.

     Because of the decrease in income and the additional follow-on investments
     in portfolio companies, the Partnership's liquidity has been substantially
     impaired.  Accordingly, the Partnership has reduced its rate of
     distributions and has deferred payment of management fees owed to the
     Managing General Partner.  Until such time as liquidity is improved from
     either sale of investments or loan repayments, it is anticipated that
     distributions to Limited partners will be reduced or even curtailed.  The
     Partnership's ability to improve liquidity and make regular distributions
     will depend upon the Partnership's success in realizing a return of
     investment cost and the realization of capital gains from sales of equity
     securities.

YEAR 2000

     Many computer software systems in use today cannot process date-related
     information from and after January 1, 2000. The Partnership's Managing
     General Partner has taken steps to review and modify their computer systems
     as necessary and are prepared for the Year 2000.  In addition, the
     Partnership has inquired of its major service providers as well as its
     portfolio companies to determine if they are in the process of reviewing
     their systems with the same goals.  The majority of all providers and
     portfolio companies have represented that they are either taking the
     necessary steps to be prepared or are currently prepared for the Year 2000.
     Should any of the computer systems employed by the major service providers,
     or companies in which the Partnership has an investment, fail to process
     this type of information properly, that could have a negative impact on the
     Partnership's operations and the services provided to the Limited Partners.
     It is anticipated that the Partnership will incur no material expenses
     related to the Year 2000 issues.

                 RENAISSANCE CAPITAL PARTNERS, LTD.

                              SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Partnership has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                              RENAISSANCE CAPITAL PARTNERS, LTD.

                              By  RENAISSANCE CAPITAL GROUP, INC.
                                     Managing General Partner

November 18, 1999             By            /S/
                                -----------------------------------------
                                  Russell Cleveland, President


November 18, 1999             By            /S/
                                -----------------------------------------
                                  Barbe Butschek, Chief Financial Officer <PAGE>