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

                           FORM 10-QSB

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

     For the quarterly period ended June 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 No. 33-3583-S

                  PRESTIGE CAPITAL CORPORATION
(Exact name of small business issuer as specified in its charter)

            Nevada                          93-0945181
(State or Other Jurisdiction of           (IRS Employer
Incorporation or Organization)         Identification No.)

     311 South State, Suite 400, Salt Lake City, Utah 84111
            (Address of principal executive offices)

                         (801) 364-9262
                   (Issuer's telephone number)

                         Not Applicable
(Former name, address and fiscal year, if changed since last report)

Check  whether the issuer (1) has filed all reports required  to
be  filed by Section 13 or 15(d) of the Exchange Act during  the
preceding 12 months (or for such shorter period that the  issuer
was required to file such reports), and (2) has been subject  to
such filing requirements for the past 90 days.  Yes  [  ]
No [ X]

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

Check whether the registrant has filed all documents and reports
required  to  be  filed by Sections 12,  13,  or  15(d)  of  the
Exchange Act subsequent to 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
classes  of  common  equity, as of the latest practicable  date:
9,680,000 shares of common stock.

<PAGE>

                           FORM 10-QSB
                  PRESTIGE CAPITAL CORPORATION

                              INDEX
                                                       Page
PART I.   Financial Information

          Financial Statements

          Balance Sheets - June 30, 1999 and
          December 31, 1998                               3

          Statements of Operations - Three and Six Months
          Ended June 30, 1999 and 1998, and
          Inception to June 30, 1999                      4

          Statements of Cash Flows - Three and Six Months
          Ended June 30, 1999 and 1998,
          and Inception to June 30, 1999                  5

          Notes to Consolidated Financial Statements      6

          Management's Discussion and Analysis of
          Financial Condition and Results of Operation    7

PART II.  Other Information                               8

Signatures                                                8

                             PART I.
                      Financial Information

In the opinion of management, the accompanying unaudited
financial statements included in this Form 10-QSB reflect all
adjustments (consisting only of normal recurring accruals)
necessary for a fair presentation of the results of operations
for the periods presented.  The results of operations  for the
periods presented are not necessarily indicative of the results
to be expected for the full year.

                            2
<PAGE>

                  PRESTIGE CAPITAL CORPORATION
                  (A Development Stage Company)
                         Balance Sheets


                             ASSETS

                                         June 30,               December 31,
                                           1999                    1998
                                         (Unaudited)
CURRENT ASSETS

 Cash                                   $    6,244              $      100

  Total Current Assets                       6,244                     100

  TOTAL ASSETS                          $    6,244              $      100

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES

 Accrued interest                               $    20,652      $   18,931
 Accounts payable                                         -           8,355
 Notes payable - related party                       21,000           1,000

  Total Current Liabilities                           41,652         28,286

LONG-TERM LIABILITIES

 Note payable - related party                         25,000         25,000

  Total Long-Term Liabilities                         25,000         25,000

  Total Liabilities                                   66,652         53,286

STOCKHOLDERS' EQUITY (DEFICIT)

 Common stock authorized: 50,000,000 common shares
  at $0.001 par value; 380,000 and 380,000 shares issued
  and outstanding, respectively                          380           380
 Capital in excess of par value                      268,587       268,587
 Deficit accumulated during the development stage   (329,375)     (322,153)

  Total Stockholders' Equity (Deficit)               (60,408)      (53,186)

  TOTAL LIABILITIES AND STOCKHOLDERS'
   EQUITY (DEFICIT)                             $      6,244     $    100

The accompanying notes are an integral part of these financial statements.

                             3
<PAGE>

                  PRESTIGE CAPITAL CORPORATION
                  (A Development Stage Company)
                    Statements of Operations
                           (Unaudited)
<TABLE>
<CAPTION>

                                                                         From
                                                                    Inception on
                                     For the        For the          February 7,
                           Three Months Ended    Six Months Ended   1986 Through
                                     June 30,           June 30,        June 30,
                                  1999     1998      1999      1998      1999
<S>                             <C>       <C>       <C>       <C>      <C>
REVENUES                        $      -  $         $      -  $     -  $      -
EXPENSES

 General and administrative        2,525     2,089     5,501    4,178    58,723
 Interest expense                    920       500     1,721    1,000    20,652

   Total Expenses                  3,445     2,589     7,222    5,178    79,375

DISPOSAL OF ASSETS                     -         -         -        -   250,000

NET LOSS                        $ (3,445) $ (2,589) $ (7,222) $(5,178)$(329,375)

BASIC LOSS PER SHARE            $  (0.01) $  (0.01) $  (0.02) $ (0.01)

WEIGHTED AVERAGE
 NUMBER OF SHARES                380,000   370,000   380,000   370,000
</TABLE>

The accompanying notes are an integral part of these financial statements.

                             4
<PAGE>

                        PRESTIGE CAPITAL CORPORATION
                        (A Development Stage Company)
                          Statements of Cash Flows
                                 (Unaudited)
<TABLE>
<CAPTION>

                                                                            From
                                                                         Inception on
                                     For the             For the          February 7,
                               Three Months Ended    Six Months Ended   1986 Through
                                     June 30,           June 30,        June 30,
                                  1999     1998      1999      1998        1999
<S>
CASH FLOWS FROM OPERATING
 ACTIVITIES
                                <C>        <C>        <C>         <C>         <C>
 Net loss                       $  (3,445) $  (2,589) $  (7,222 ) $  (5,178) $ (329,375)
 Adjustments to reconcile net
  loss to net  cash provided
  (used) by operating activities:
  Loss from disposal of assets
 Changes in operating assets
  and liability accounts                -          -          -          -      250,000
Increase (decrease) in
 accounts payable                       -      2,089     (8,355)     4,178            -
  Increase in accrued interest        920        500      1,721      1,000       20,652
  (Increase) in inventory               -          -          -          -     (165,000)

  Net Cash (Used) by Operating
   Activities                      (2,525)         -    (13,856)         -     (223,723)

CASH FLOWS FROM INVESTING
 ACTIVITIES                             -          -          -          -            -

CASH FLOWS FROM FINANCING
 ACTIVITIES

 Proceeds from notes payable
   - related party                      -          -     20,000          -       21,000
 Issuance of common stock for cash      -          -          -          -      208,967

   Net Cash Provided by Financing
    Activities                          -          -     20,000          -      229,967

NET INCREASE (DECREASE) IN CASH    (2,525)         -      6,144          -        6,244

CASH AT BEGINNING OF PERIOD         6,244          -        100          -            -

CASH AT END OF PERIOD          $    3,719 $        -  $   6,244  $       -   $    6,244

CASH PAYMENTS FOR:

 Income taxes                  $        - $        -  $       -  $       -   $        -
 Interest                      $        - $        -  $       -  $       -   $        -

NON-CASH FINANCING ACTIVITIES:

Issuance of stock for inventory $       - $        -  $        - $      -    $   60,000
 Issuance of note payable for
 inventory                     $        - $        -  $        - $      -    $   25,000

</TABLE>
The accompanying notes are an integral part of these financial statements.

                             5
<PAGE>

                  PRESTIGE CAPITAL CORPORATION
                  (A Development Stage Company)
                Notes to the Financial Statements
               June 30, 1999 and December 31, 1998


    NOTE 1 -                     CONDENSED FINANCIAL
    STATEMENTS

           The  accompanying  financial  statements  have
           been  prepared  by the Company without  audit.
           In  the opinion of management, all adjustments
           (which    include   only   normal    recurring
           adjustments) necessary to present  fairly  the
           financial position, results of operations  and
           cash flows at  June 30, 1999 and 1998 and  for
           all periods presented have been made.

           Certain  information and footnote  disclosures
           normally   included  in  financial  statements
           prepared    in   accordance   with   generally
           accepted   accounting  principles  have   been
           condensed  or  omitted.  It is suggested  that
           these  condensed financial statements be  read
           in  conjunction with the financial  statements
           and  notes  thereto included in the  Company's
           December    31,    1998   audited    financial
           statements.   The  results of  operations  for
           periods  ended June 30, 1999 and 1998 are  not
           necessarily   indicative  of   the   operating
           results for the full years.
             MANAGEMENT'S DISCUSSION AND ANALYSIS OF
          FINANCIAL CONDITION AND RESULTS OF OPERATIONS

                             6
<PAGE>

Results of Operations

Three and Six Month periods Ended June 30, 1999 and 1998

The Company had no revenue from continuing operations for the six-
month periods ended June 30, 1999 and 1998.

General  and  administrative expenses for the six  month  periods
ended  June  30,  1999 and 1998, consisted of  general  corporate
administration, legal and professional expenses,  and  accounting
and  auditing costs.  These expenses were $5,501 and  $4,178  for
the six-month periods ended June 30, 1999 and 1998, respectively.

Interest expense in the six-month periods ended June 30, 1999 and
1998, was $1,721 and $1,000, respectively.

As  a result of the foregoing factors, the Company realized a net
loss  of  $7,222  for  the six months ended  June  30,  1999,  as
compared to a net loss of $5,178 for the same period in 1998.

Liquidity and Capital Resources

At  June  30,  1999, the Company had working capital  deficit  of
approximately  $35,408, as compared to $28,186  at  December  31,
1998. The Company's cash in the amount of $6,244 resulted from  a
loan  from  an  officer and director, earning interest  at  eight
percent per annum and is payable on demand. The funds were loaned
to  the  Company to fund its revival and finance its  becoming  a
reporting  company  under the Securities Exchange  Act  of  1934.
Management  believes  that the Company has  sufficient  cash  and
short-term  investments  to meet the  anticipated  needs  of  the
Company's  operations  through  at  least  the  next  12  months.
However,  there  can  be no assurances to  that  effect,  as  the
Company  has no significant revenues and the Company's  need  for
capital may change dramatically if it acquires an interest  in  a
business  opportunity during that period.  The Company's  current
operating  plan is to (i) handle the administrative and reporting
requirements  of a public company, and (ii) search for  potential
businesses, products, technologies and companies for acquisition.
At  present,  the Company has no understandings,  commitments  or
agreements  with  respect  to  the acquisition  of  any  business
venture,  and  there can be no assurance that  the  Company  will
identify  a  business  venture suitable for  acquisition  in  the
future.   Further,  there can be no assurance  that  the  Company
would  be successful in consummating any acquisition on favorable
terms  or  that it will be able to profitably manage any business
venture it acquires.

                             7
<PAGE>

                   PART II.  OTHER INFORMATION

EXHIBITS AND REPORTS ON FORM 8-K

EXHIBITS:   Included  only  with the electronic  filing  of  this
report  is the Financial Data Schedule for the three-month period
ended June 30, 1999 (Exhibit Ref. No. 27).

REPORTS ON FORM 8-K:  None

SIGNATURES

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

                                    PRESTIGE CAPITAL CORPORATION


Date:  November  16,  1999          By:   /s/  Glen R. Ulmer, President

                            8
<PAGE>