United States
Securities and Exchange Commission
Washington, DC 20549

FORM 10-QSB

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

          For the quarterly period ended
     September 30, 1997

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

          Commission file Number 0 - 22678

PM MANAGEMENT SYSTEMS, INC.
 Exact name of small business issuer
As specified in its charter

Nevada                     84 -1193941
(State or other                I.R.S.
 jurisdiction of             Employer
  incorporation or          Identification No.
organization )


     404 Scott Point Drive, Salt Spring
Island, BC V8K 2R2 Canada
(Address of principal executive office)

(250) 537 - 5732
Issuer's telephone number

1001 South Monaco Parkway, Denver, CO 80224
 (Former name, former address and former
fiscal year, if changed since last  report)

APPLICABLE ONLY TO ISSUERS INVOLVED IN
BANKRUPTCY
PROCEEDINGS DURING THE PAST FIVE YEARS

Check whether the registrant filed all
documents and reports required
To be filed by Section 12, 13 or 15 (d) of
the Exchange Act after the distribution of
Securities under a plan confirmed by a court.
Yes ____  No ____

APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of
each of the Issuer's
common equity as of the last practicable
date:  2,020,000 shares

Transitional Small Business Disclosure Format
(check one)  Yes ___  No    X

PART 1
FINANCIAL INFORMATION

Item 1.   Financial Statements

     The unaudited financial statements for
     the quarter ended September 30, 1997 are
     attached hereto as EXHIBIT A.

Item 2.   Managements Discussion and
Analysis or Plan of Operation

     The Company is in the development stage
     and has not generated revenues as yet.
     EXHIBIT A and the financial notes
     thereto are incorporated herein by
     reference.

PART II
OTHER INFORMATION

Item 1.   LEGAL PROCEEDINGS
                         NONE

Item 2.  CHANGES IN SECURITIES
                         NONE

Item 3.  DEFAULTS UPON SENIOR SECURITIES
                                   NONE

Item 4.  SUBMISSION OF MATTERS TO A VOTE OF
SECURITIES HOLDERS

     No matters have been submitted to a vote
     of the stockholders during the quarter
     ended March 31, 1997.

Item 5.  OTHER INFORMATION
                         NONE

Item 6.  EXHIBITS AND REPORTS ON FORM 8-K

     (a)  Exhibits

       Exhibit No. 27 Financial Data
       Schedule

     (b)  Reports on Form 8-K

       No reports on Form 8-K were filed by
       the Company during the fiscal quarter
       ended March 31, 1997.

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


P.M. MANAGEMENT SYSTEMS, INC.

Dated: December 15, 1999 By: /S/Anthony V.
Feimann
                    Anthony V. Feimann,
Secretary,
                    Chief Financial Officer
                    Principal Accounting
Officer



P.M. MANAGEMENT SYSTEMS, INC.
(A development stage company)

BALANCE SHEETS
September 30, 1997 and 1996

<TABLE>
<CAPTION>

ASSETS




                                           1997              1996

<S>                                         <C>            <C>
CURRENT ASSETS:                            0               0


LIABILITIES AND STOCKHOLDERS' EQUITY


CURRENT LIABILITIES:                       0                 0

     STOCKHOLDERS' EQUITY:
     Common Stock no par value per
     share,10,000,000 shares authorized;
     issued and outstanding 2,020,000
     shares.                           74,150              74,150

  Preferred Stock, no par value,
  Authorized, Issued and
  Outstanding 1,000 shares              1,000              1,000

SUBTOTAL:                               75,150             75,150

  Deficit accumulated during
  the development stage          (75,000)
(75000)

  Treasury Stock                      (   150)             (150)

</TABLE>

     TOTAL STOCKHOLDERS' EQUITY            0                0

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   0                 0

P.M. MANAGEMENT SYSTEMS, INC.
(A development stage company)



 STATEMENT 0F OPERATIONS
(Unaudited)
For the three months ended September 30, 1997 and
1996

<TABLE>
<CAPTION>

                                   1997           1996

<S>                                <C>             <C>
REVENUES:                          0               0



 OPERATING EXPENSES:               0                0


NET (LOSS) FROM OPERATIONS:        ( 0)           (0)


NET (LOSS) PER COMMON SHARE         (  0)            (0)

</TABLE>

WEIGHTED AVERAGE COMMON SHARES
OUSTANDING                         2,020,000           2,020,000






























P.M. MANAGEMENT SYSTEMS, INC
(A development stage company)


STATEMENTS OF CASH FLOWS
(Unaudited)
For the three months ended September 30, 1997 and 1996




                              1997      1996
CASH PROVIDE BY (USED FOR)
OPERATING ACTIVITIES:


(LOSS) For the three months ended   0         0
     March 31, 1997 and 1996


Net cash provided by
Investing activities:              0            0

Net cash provided by
Financing activities                0           0


Net Increase in Cash               0            0


CASH, BEGINNING OF PERIOD:          0           0


CASH, END OF PERIOD:                 0          O
P.M. MANAGEMENT SYSTEMS, INC.
(A development stage company)

STATEMENTS OF STOCKHOLDERS' EQUITY
(Unaudited)
For the three months ended September 30, 1997


<TABLE>
<CAPTION>
                                                                    Deficit
                Number of  Number of                                Accumulated
                Shares     Shares     Amount    Amount    Treasury  during the
                Common     Preferred  common    Preferred Stock     Development Total

<S>             <C>        <C>        <C>       <C>       <C>       <C>         <C>
Balance
January 1,
1996            10000000   1000000    1999150   1000      (150)    (75000)      1925000

Cancellation
Of purchase
Of Ad-A-Cab
America, LLC
and
cancellation
Of 7,980,000
Common Shares
January 25/96     (7980000)0         (1925000)   0            0       0         (1925000)

Net loss
For the
Year ended
12/31/96         0         0          0          0           0        0          0


Balance
12/31/96         2020000    1000000       74150   1000       (150) (75000)       0

Net Loss
For period       0          0          0          0           0         0         0

March 31, 1997   2020000    1000000     74150     1000        (150)    (75000)     0


</TABLE>

P.M. MANAGEMENT SYSTEMS, INC.
(A development stage company)


NOTES TO FINANCIAL STATEMENTS
September 30, 1997 and 1996


NOTE 1 - ORGANIZATION OF P.M. MANAGEMENT SYSTEMS, INC.:
P.M. Management Systems, Inc. is a Colorado corporation
and is currently in the development stage.  On May 6,
1994, the Company changed its name from Process Based
Management, Inc. to P.M. Management Systems, Inc.

On September 5, 1994, the Company acquired all the
issued and outstanding ownership interests in Ad-A-Cab
America, LLC, a Wyoming Limited Liability Company.  To
effect the reorganization pursuant to Section 368(a)
(1) (B) of the Internal Revenue Code, the Company
issued 7,980,000 shares of its previously authorized,
but unissued no par value common stock

In January, 1996, the Company terminated its ownership
interests in Ad-A-Cab America LLC.  The above-mentioned
7,980,000 that were issued September 5, 1994 were
returned and cancelled by the Company.