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 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 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 - September 30, 1999 and
          December 31, 1998                               3

          Statements of Operations - Three and Nine
          Months Ended September 30, 1999 and 1998,       4
          and Inception to September 30, 1999

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

          Notes to Consolidated Financial Statements      6

          Management's Discussion and Analysis of
          Financial Condition and Results of Operations   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

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

 Cash                                   $    5,203         $    100

  Total Current Assets                       5,203              100

  TOTAL ASSETS                          $    5,203         $    100


         LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES

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

  Total Current Liabilities                      -           28,286

LONG-TERM LIABILITIES

 Note payable - related party                    -           25,000

  Total Long-Term Liabilities                    -           25,000

  Total Liabilities                              -           53,286

STOCKHOLDERS' EQUITY (DEFICIT)

 Common stock authorized:  50,000,000
  common shares at $0.001 par value;
  9,680,000 and 380,000 shares issued
  and outstanding, respectively              9,680              380
 Capital in excess of par value            326,709          268,587
 Deficit accumulated during the
  development stage                      (331,186)        (322,153)

  Total Stockholders' Equity (Deficit)      5,203          (53,186)

  TOTAL LIABILITIES AND STOCKHOLDERS'
   EQUITY (DEFICIT)                     $   5,203          $    100

                                       3

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

<PAGE>

                  PRESTIGE CAPITAL CORPORATION
                  (A Development Stage Company)
                    Statements of Operations
                           (Unaudited)

                                                                       From
                                                                   Inception on
                               For the              For the         February 7,
                          Three Months Ended   Nine Months Ended   1986 Through
                              September 30,      September 30,     September 30,
                             1999       1998   1999         1998       1999

REVENUES                    $     -    $     -   $      -    $     -    $      -

EXPENSES

 General and administrative   1,041      2,088      6,542      6,266      59,764
 Interest expense               770        500      2,491      1,500      21,422

   Total Expenses             1,811      2,588      9,033      7,766      81,186

DISPOSAL OF ASSETS                -          -          -          -     250,000

NET LOSS                  $ (1,811)  $ (2,588)  $ (9,033)  $ (7,766)  $(331,186)

BASIC LOSS PER SHARE      $  (0.00)  $  (0.01)  $  (0.01)  $  (0.02)

WEIGHTED AVERAGE
 NUMBER OF SHARES          370,000    370,000

                                       4

The accompanying notes are an intergarl part of these financial statements

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


                                                                      From
                                                                   Inception on
                                 For the              For the       February 7,
                            Three Months Ended  Nine Months Ended  1986 Through
                              September 30,       September 30,    September 30,
                            1999        1998    1999         1998      1999

CASH FLOWS FROM OPERATING
 ACTIVITIES

 Net loss                   $ (1,811) $ (2,588) $ (9,033)  $  (7,766) $(331,186)
 Adjustments to reconcile
  net loss to net cash
  (used) by operating
  activities:
  Loss from disposal of
   assets                           -         -          -          -    250,000
 Changes in operating assets
  and liability accounts:
  Increase (decrease) in
   accounts payable                 -     2,088    (8,355)      6,266          -
  Increase in accrued interest    770       500      2,491      1,500     21,422
  (Increase) in inventory           -         -          -          -  (165,000)

   Net Cash (Used) by
    Operating Activities      (1,041)         -   (14,897)          -  (224,764)

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                       (1,041)               5,103           -     5,203

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

CASH AT END OF PERIOD         $  5,203  $      -  $  5,203     $     -  $  5,203

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
 Issuance of stock for debt
  and accrued interest
  payable                     $ 67,422  $      -   $ 67,422   $     -  $  67,422

                                      5

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

<PAGE>

                  (A Development Stage Company)
                Notes to the Financial Statements
            September 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    September  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
       September    30,   1999   and   1998   are   not   necessarily
       indicative of the operating results for the full years.

                                 6
<PAGE>

             MANAGEMENT'S DISCUSSION AND ANALYSIS OF
          FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Results of Operations

Nine Month periods Ended September 30, 1999 and 1998

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

General  and  administrative  expenses for  the  nine  month  periods
ended  September  30, 1999 and 1998, consisted of  general  corporate
administration,  legal  and  professional  expenses,  and  accounting
and  auditing  costs.   These expenses were  $6,542  and  $6,266  for
the   nine-month   periods  ended  September  30,  1999   and   1998,
respectively.

Interest  expense  in  the  nine-month periods  ended  September  30,
1999 and 1998, was $2,491 and $1,500, respectively.

As  a  result  of the foregoing factors, the Company realized  a  net
loss  of  $9,033  for the nine months ended September  30,  1999,  as
compared to a net loss of $7,766 for the same period in 1998.

Liquidity and Capital Resources

At   September  30,  1999,  the  Company  had  working   capital   of
approximately  $5,203,  as  compared to  a  working  capital  deficit
$28,186  at  December 31, 1998.   The Company's cash  in  the  amount
of  $5,203  is  the  result of a loan from an officer  and  director,
bearing   interest  at  eight  percent  per  annum  and  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. In September,  1999  the  Company
converted  its  notes payable and accrued interest  to  common  stock
at  the  rate  of $0.0076 per share, or a total of 9,300,000  shares.
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 September 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>