UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                      Washington, DC 20549

                           FORM 10-QSB
 QUARTERLY REPORT FOR SMALL BUSINESS ISSUERS SUBJECT TO THE 1934
                   ACT REPORTING REQUIREMENTS

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

For the quarterly period ended March 31, 1998 Commission File No.
000-23959
10






        LAS VEGAS SPORTS AND CELEBRITY HALL OF FAME, INC.
     (Exact name of registrant as specified in its charter)




Nevada                                            86-0874368
(State of organization) (I.R.S. Employer Identification No.)

7910 Bermuda Road, Las Vegas, NV 89123
(Address of principal executive offices)

Registrant's telephone number, including area code (702) 898-3765

Check whether the issuer (1) filed all reports required to be
file by Section 13 or 15(d) of the Exchange Act during the past
12 months and (2) has been subject to such filing requirements
for the past 90 days. Yes X

There  were 6,000,000 shares of common stock of Las Vegas  Sports
and  Celebrity Hall of Fame, Inc. outstanding as of February  28,
1998.



                 PART I - FINANCIAL INFORMATION

ITEM 1.   FINANCIAL STATEMENTS

The  financial statements and supplemental data required by  this
Item follow the index of financial statements appearing at Item 6
of this Form 10Q-SB.

ITEM 2.   MANAGEMENT'S PLAN OF OPERATION

NOTE REGARDING PROJECTIONS AND FORWARD LOOKING STATEMENTS

This  statement  includes  projections  of  future  results   and
"forward-looking statements" as that term is defined  in  Section
27A  of  the  Securities Act of 1933 as amended (the  "Securities
Act"), and Section 21E of the Securities Exchange Act of 1934  as
amended (the "Exchange Act"). All statements that are included in
this  Registration Statement, other than statements of historical
fact,   are   forward-looking  statements.  Although   Management
believes that the expectations reflected in these forward-looking
statements  are  reasonable, it can give no assurance  that  such
expectations  will prove to have been correct. Important  factors
that  could  cause actual results to differ materially  from  the
expectations are disclosed in this Statement, including,  without
limitation,   those  expectations  reflected  in  forward-looking
statements contained in this Statement.

                        Plan of Operation

The  Company's Plan of Operation has not changed since the filing
of  its  Form  10  filed  with the SEC on  March  27,  1998.  The
description  of the current plan of operation is incorporated  by
reference to Section 2 of its Form 10.

                           Competition

The  Company  is an insignificant participant among  firms  which
engage   in   business  combinations  with,  or   financing   of,
development-stage   enterprises.  There  are   many   established
management and financial consulting companies and venture capital
firms  which  have significantly greater financial  and  personal
resources,  technical expertise and experience than the  Company.
In   view  of  the  Company's  limited  financial  resources  and
management  availability, the Company  will  continue  to  be  at
significant  competitive  disadvantage  vis-a-vis  the  Company's
competitors.

                      Year 2000 Compliance

The   Company  is  aware  of  the  issues  associated  with   the
programming  code in existing computer systems as the  year  2000
approaches. The Company has assessed these issues as they  relate
to  the Company, and since the Company currently has no operating
business  and  does not use any computers, and since  it  has  no
customers,  suppliers or other constituents, it does not  believe
that  there are any material year 2000 issues to disclose in this
report.

                            Employees

The Company's only employees at the present time are its officers
and  directors,  who will devote as much time  as  the  Board  of
Directors determine is necessary to carry out the affairs of  the
Company.

                   PART II - OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS

The  Company  is  not  a  party  to any  material  pending  legal
proceedings and, to the best of its knowledge, no such action has
been threatened by or against the Company.

ITEM 2.   CHANGES IN SECURITIES AND USE OF PROCEEDS

No issues of securities and no changes in the existing securities
took place during the period covered by this report.  At the  end
of  the  quarter  there  were 6,000,000 shares  of  common  stock
outstanding.

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No such matters were submitted during the most recent quarter.

ITEM 6.   EXHIBITS

FINANCIAL STATEMENTS

Unaudited  financial statements for the quarter ended  March  31,
1998.

                  INDEPENDENT AUDITORS' REPORT

Board of Directors                          October 22, 1999
Las Vegas Sports and Celebrity Hall of Fame, Inc.
Las Vegas, Nevada

I  have  audited  the accompanying Balance Sheets  of  Las  Vegas
Sports  and  Celebrity  Hall of Fame, Inc. (A  Development  Stage
Company),  as of March 31, 1998, and December 31, 1997,  and  the
related  statements of stockholders' equity for March  31,  1998,
and December 31, 1997, and statements of operation and cash flows
for  the three months ending March 31, 1998, and March 31,  1997,
and the two years ended December 31, 1997, and December 31, 1997,
and  the period February 7, 1991 (inception), to March 31,  1998.
These   financial  statements  are  the  responsibility  of   the
Company's management. My responsibility is to express an  opinion
on these financial statements based on my audit.

I  conducted  my  audit  in  accordance with  generally  accepted
auditing  standards. Those standards require  that  we  plan  and
perform  the  audit to obtain reasonable assurance about  whether
the  financial  statements are free of material misstatement.  An
audit  includes  examining, on a test basis, evidence  supporting
the amounts and disclosures in the financial statements. An audit
also  includes  assessing  the  accounting  principles  used  and
significant  estimates made by management, as well as  evaluating
the  overall financial statement presentation. I believe that  my
audit provides a reasonable basis for my opinion.

In my opinion, the financial statements referred to above present
fairly, in all material respects, the financial position  of  Las
Vegas  Sports  and  Celebrity Hall of Fame, Inc.  (A  Development
Stage Company), as of March 31, 1998, and December 31, 1997,  and
the  related  statements of stockholders' equity  for  March  31,
1998, and December 31, 1997, and statements of operation and cash
flows  for the three months ending March 31, 1998, and March  31,
1997, and the two years ended December 31, 1997, and December 31,
1997,  and the period February 7, 1991 (inception), to March  31,
1998,   in   conformity   with  generally   accepted   accounting
principles.

The accompanying financial statements have been prepared assuming
the  Company  will continue as a going concern. As  discussed  in
Note  #5  to  the  financial  statements,  the  Company  has   no
established  source  of  revenue. This raises  substantial  doubt
about  its  ability to continue as a going concern.  Management's
plan  in  regard to these matters is described in Note #5.  These
financial  statements do not include any adjustments  that  might
result from the outcome of this uncertainty.

     /s/ Barry L. Friedman
     Barry L. Friedman
     Certified Public Accountant

        Las Vegas Sports and Celebrity Hall of Fame, Inc.
                  (A Development Stage Company)
                          BALANCE SHEET
<TABLE>

<S>
                                 <C>               <C>

                                 3 Mos. Ending     Year Ended Dec.
                                 March 31, 1998    31, 1997
            ASSETS
CURRENT ASSETS:                  0                 0
TOTAL CURRENT ASSETS             0                 0
OTHER ASSETS;                    0                 0
TOTAL OTHER ASSETS               0                 0
TOTAL ASSETS                     0                 0
 LIABILITIES AND STOCKHOLDERS'
            EQUITY
CURRENT LIABILITIES;
Officers Advances                 $3,025            $1,890
TOTAL CURRENT LIABILITIES        $3,025            $1,890
STOCKHOLDERS' EQUITY;
Common stock, $0.001 par value,                     $6,000
authorized 50,000,000 shares
issued and outstanding at
December 31, 1997 - 6,000,000
March 31, 1998 - 6,000,000        $6,000
Additional paid-in Capital        -1,000            -1,000
Deficit Accumulated During the    -8,025            -6,890
Development Stage
TOTAL STOCKHOLDERS' EQUITY       -3,025            -1,890
TOTAL LIABILITIES AND            0                 0
STOCKHOLDERS' EQUITY
</TABLE>

        Las Vegas Sports and Celebrity Hall of Fame, Inc.
                  (A Development Stage Company)
                     STATEMENT OF OPERATION
<TABLE>

<S>              <C>       <C>       <C>                 <C>
                                               <C>
                 3 Mos.    3 Mos.    Year                Feb. 7.
                 Ended     Ended     Ended     Year      1991
                 March     March     Decembe   Ended     (Incept
                 31, 1998  31, 1997  r 31,     December  ion) to
                                     1997      31, 1996  March
                                                         31,
                                                         1998
INCOME:
Revenue           0         0         0         0         0
EXPENSES:
General, Selling  1,135     0         1,890     0         8,025
and
Administrative
Total Expenses   1,135     0         1,890     0         8,025
Net Profit/Loss(--1,135    0         -1,890    0         -8,025
)
Net Profit/Loss  -.0002    NIL       -.0003    NIL       -.0013
(-) Per weighted
Share (Note 2)
Weighted average 6,000,00  6,000,00  6,000,0   6,000,00  6,000,0
Number of common 0         0         00        0         00
Shares
outstanding
</TABLE>
See accompanying notes to financial statements & audit report

               Las Vegas Sports and Celebrity Hall
                  (A Development Stage Company)
                STATEMENT OF STOCKHOLDERS' EQUITY
<TABLE>

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

                  Common Shares     Stock Amount      Additional paid-  Accumulated
                                                      in Capital        Deficit
Balance,          6,000,000         $6,000            -1,000      -5,000
December 31, 1996
Net loss, Year                                                          -1,890
Ended December
31, 1997
Balance,          6,000,000         $6,000            -1,000            -6,890
December 31, 1997
Net Loss January                                                        -1,135
1, 1998 to March
31, 1998
Balance,          6,000,000         $6,000            -1,000            -8,025
March 31, 1998
</TABLE>
See accompanying notes to financial statements & audit report.

        Las Vegas Sports and Celebrity Hall of Fame, Inc.
                  (A Development Stage Company)
                     STATEMENT OF CASH FLOWS

<TABLE>

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

                      3 Mos. Ended      3 Mos Ended       Year Ended        Year Ended        Feb. 7, 1991
                      March 31, 1998    March 31, 1997`   December 31,      December 31,      (Inception) to
                                                          1997              1996              March 31, 1998
Cash Flows from
Operating Activities:
Net Loss               -1,135            0                 -1,890            0                 -8,025
Adjustment to          0                 0                 0                 0                 0
Reconcile net loss to
cash provided by
operating activities:
Changes in Assets and
Liabilities:
Increase in current
Liabilities:
Officers Advances     +1,135            0                 +1,890            0                 +3,025
Net cash used in      0                 0                 0                 0                 -5,000
operating activities
Cash Flows from       0                 0                 0                 0                 0
Investing Activities
Cash Flows from
Financing Activities:
Issuance of common     0                 0                 0                 00                +5,000
stock
Net increase          0                 0                 0                 0                 0
(decrease) in cash
Cash, Beginning of    0                 0                 0                 0                 0
period
Cash, end of period   0                 0                 0                 0
</TABLE>
See accompanying notes to financial statements & audit report

        Las Vegas Sports and Celebrity Hall of Fame, Inc.
                  (A Development Stage Company)
                  NOTES TO FINANCIAL STATEMENTS
              March 31, 1998, and December 31, 1997

NOTE 1 - HISTORY AND ORGANIZATION OF THE COMPANY

The Company was organized February 7, 1991, under the laws of the
State  of Nevada as Las Vegas Sports and Celebrity Hall of  Fame,
Inc.  The  Company currently has no operations and in  accordance
with SFAS #7, is considered a development company.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Method

The Company records income and expenses on the accrual method.

Estimates

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 revenue and expenses during  the  reporting
period. Actual results could differ from those estimates.

Cash and equivalents

The  Company  maintains a cash balance in a  non-interest-bearing
bank that currently does not exceed federally insured limits. For
the  purpose  of the statements of cash flows, all highly  liquid
investments  with  the  maturity of  three  months  or  less  are
considered  to be cash equivalents. There are no cash equivalents
as of March 31, 1998.

Income Taxes

Income  taxes  are  provided for using the  liability  method  of
accounting  in accordance with Statement of Financial  Accounting
Standards  No. 109 (SFAS #109) "Accounting for Income  Taxes".  A
deferred  tax  asset or liability is recorded for  all  temporary
difference  between  financial and tax  reporting.  Deferred  tax
expense (benefit) results from the net change during the year  of
deferred tax assets and liabilities.

Loss Per Share

Net  loss  per share is provided in accordance with Statement  of
Financial Accounting Standards No. 128 (SFAS #128) "Earnings  Per
Share".  Basic  loss  per share is computed  by  dividing  losses
available  to common stockholders by the weighted average  number
of  common shares outstanding during the period. Diluted loss per
share  reflects  per share amounts that would  have  resulted  if
dilative  common stock equivalents had been converted  to  common
stock.  As of March 31, 1998, the Company had no dilative  common
stock equivalents such as stock options.

Year End

The Company has selected December 31st as its year-end.

Year 2000 Disclosure

The  year  2000  issue is the result of computer  programs  being
written  using  two  digits  rather  than  four  to  define   the
applicable  year.  Computer programs  that  have  time  sensitive
software may recognize a date using "00" as the year 1900  rather
than  the  year  2000. This could result in a system  failure  or
miscalculations causing disruption of normal business activities.
Since  the Company currently has no operating business  and  does
not  use  any computers, and since it has no customers, suppliers
or other constituents, there are no material Year 2000 concerns.

NOTE 3 - INCOME TAXES

There is no provision for income taxes for the period ended March
31,  1998, due to the net loss and no state income tax in Nevada,
the state of the Company's domicile and operations. The Company's
total deferred tax asset as of December 31, 1997 is as follows:


Net operation loss carry forward   $6,890
Valuation allowance      $6,890

Net deferred tax asset   $    0

The  federal  net  operation loss carry forward  will  expire  in
various amounts from 2011 to 2018.

This  carry  forward may be limited upon the  consummation  of  a
business combination under IRC Section 381.

NOTE 4 - STOCKHOLDERS' EQUITY

Common Stock

The  authorized  common  stock  of the  corporation  consists  of
50,000,000 shares with a par value of $0.001 per share.

Preferred Stock

Las  Vegas  Sports  and  Celebrity Hall  of  Fame,  Inc.  has  no
preferred stock.

On February 8, 1991, the Company issued 5,000 shares of its $1,00
par value common stock in consideration of $5,000.00 in cash.

On  February  14,  1997,  the Company restated  its  Articles  of
Incorporation.   The  Company  authorized  an  increase  in   its
capitalization from 25,000 Common Shares at $1.00  par  value  to
50,000,000 Common Shares with a par value of $0.001 per share.

On  February  14, 1997, the Company had a 1,200:1  forward  stock
split,  increasing  the  number o issued and  outstanding  Common
Shares from 5,000 to 6,000,000 Common Shares.

NOTE 5 - GOING CONCERN

The  Company's financial statements are prepared using  generally
accepted  accounting principles applicable  to  a  going  concern
which  contemplates the realization of assets and liquidation  of
liabilities  in  the  normal  course of  business.  However,  the
Company  does not have significant cash or other material assets,
nor does it have an established source of revenues sufficient  to
cover  its operating costs and to allow it to continue as a going
concern. It is the intent of the Company to seek a merger with an
existing,    operating   company.   Until    that    time,    the
stockholders/officers  and  or  directors   have   committed   to
advancing the operating costs of the Company interest free.

NOTE 6 - RELATED PARTY TRANSACTIONS

The  Company  neither  owns  nor  leases  any  real  or  personal
property. An officer of the corporation provides office  services
without  charge.  Such  costs  are immaterial  to  the  financial
statements and accordingly, have not been reflected therein.  The
officers  and  directors of the Company  are  involved  in  other
business  activities and may, in the future, become  involved  in
other   business   opportunities.    If   a   specific   business
opportunity becomes available, such persons may face  a  conflict
in  selecting  between  the  Company  and  their  other  business
interests.  The  Company  has not formulated  a  policy  for  the
resolution of such conflicts.

NOTE 7 - WARRANTS AND OPTIONS

There  are  no  warrants or options outstanding  to  acquire  any
additional share of common stock.

EXHIBITS

a)    The  exhibits,  consisting  of the  Company's  Articles  of
  Incorporation and Bylaws, are attached to the Company's Form 10,
  filed  on  March  27, 1998. These exhibits are incorporated  by
  reference to that Form.

                           SIGNATURES

Pursuant  to  the  requirements of Section 12 of  the  Securities
Exchange  Act  of  1934,  the Registrant  has  duly  caused  this
registration  statement  to  be  signed  on  its  behalf  by  the
undersigned, thereunto duly authorized.



                           Las Vegas Sports and Celebrity Hall
                              of Fame, Inc.



                           By:  /s/ Charles F. Richards
                              Charles F. Richards, President