- 14 -
                            FORM 10-Q
               SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C.  20549

(Mark One)

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

For the quarterly                 September 30, 1995
period ended

                               OR

     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                        0-14784
                 CABLE CAR BEVERAGE CORPORATION
     (Exact name of Registrant as specified in its charter)
                                
      DELAWARE                                   52-0880815
  (State or other                             (I.R.S. Employer
    jurisdiction                             Identification No.)
 of incorporation)

       717 17th Street, Suite 1475, Denver, CO  80202-3314
            (Address of principal executive offices)
                                
                         (303) 298-9038
      (Registrant's telephone number, including area code)
                                
                                
      (Former name, former address and former fiscal year,
                 if changed since last report.)
                                
     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   

The Registrant had 8,581,992 shares of its $.01 par value common
stock outstanding as of November 10, 1995.


<PAGE>
                                                        Form 10-Q
                                                      3rd Quarter
                                
                                
                              INDEX
                                
                                
                                
                                                           PAGE
                                                             
                                                             
PART I  FINANCIAL INFORMATION                                
-
                                                             
Item 1. Consolidated Financial Statements:                   
                                                             
        Unaudited consolidated balance sheet                 
        at September 30, 1995 and consolidated               
        balance sheet at December 31, 1994                  3
                                                             
        Unaudited consolidated statement of                  
        operations for the nine-month periods                
        ended September 30, 1995 and September              4
        30, 1994
                                                             
        Unaudited consolidated statement of                  
        cash flows for the nine-month periods                
        ended September 30, 1995 and September              5
        30, 1994
                                                             
        Unaudited consolidated statement of                  
        changes in stockholders' equity                     6
                                                             
        Notes to unaudited consolidated                     7
        financial statements
                                                             
                                                             
Item 2. Management's Discussion and Analysis                 
        of                                                  9
          Financial Condition and Results of
        Operations
                                                             
                                                             
                                                             
PART II OTHER INFORMATION                                   13

PART III FINANTIAL DATA SCHEDULE                            15   

<PAGE>

PART I - FINANCIAL INFORMATION

Item 1.  Consolidated Financial Statements

         CABLE CAR BEVERAGE CORPORATION AND SUBSIDIARIES
                   CONSOLIDATED BALANCE SHEET
                                
                          Unaudited       
<TABLE>
<CAPTION>                              September   December
                                          30,        31,
                                         1995       1994
<S>                                   <C>        <C>
ASSETS
                                                  
CURRENT ASSETS:                                   
  Cash and cash equivalents                               
                                      $  571,589 $   580,658
  Short-term investments                  93,774     151,876
  Accounts receivable, net             1,291,638     657,824
  Inventories                          1,790,629     598,937
  Prepaid expenses and other current      39,039      32,374
assets
  Deferred income tax assets             323,586           0
                                                            
Total Current Assets                   4,110,255   2,021,669
                                                            
PROPERTY AND EQUIPMENT, NET              125,750      46,155
                                                            
OTHER ASSETS:                                               
  Intangibles, net                       601,332     630,253
  Investment in AMCON Distributing Co.    99,185   1,746,934
  Other assets                             3,821       3,821
  Deferred income tax assets             612,854           0
                                                            
                                                         
                                      $5,553,198  $4,448,832
                                                            
LIABILITIES AND STOCKHOLDERS' EQUITY                        
                                                            
CURRENT LIABILITIES:                                        
  Accounts payable and accrued                           
liabilities                           $  456,212   $  103,485
  Other current liabilities              788,552      385,813
  Current portion of long-term debt        7,692        8,786
                                                            
Total Current Liabilities              1,252,456      498,084
                                                            
LONG-TERM DEBT                               374        5,970
                                                            
STOCKHOLDERS' EQUITY:                                       
  Common stock, $.01 par value;                             
25,000,000 shares                         86,584       81,547
    authorized; 8,658,349 shares
issued
  Additional paid-in capital          $9,502,876    9,133,464
  Accumulated deficit                 (5,260,457)  (5,241,598)
  Less - 76,357 common shares in         (28,635)   (28,635)
treasury
                                                            
                                       4,213,784    3,863,232
                                                            
                                                         
                                      $5,553,198   $4,448,832
</TABLE>                                


    SEE NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

<PAGE>
         CABLE CAR BEVERAGE CORPORATION AND SUBSIDIARIES
         UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS
<TABLE>
<CAPTION>                     THREE-MONTHS           NINE-MONTHS
                            ENDED SEPTEMBER 30,   ENDED SEPTEMBER 30,
                              1995       1994       1995       1994
<S>                       <C>          <C>         <C>         <C>
REVENUE:
Sales                                                             
                          $ 4,286,294  $ 2,759,084 $ 9,628,768 $ 6,525,675
                                                                      
COST AND EXPENSES:                                                    
Cost of goods sold          3,226,095    1,961,118   7,103,425   4,689,072
General and administrative    228,399      193,126     591,061     503,876
Selling and distribution      478,347      234,684   1,046,873     639,207
Depreciation and               17,119       14,448      47,380      42,784
amortization
                                                               
                          $ 3,949,960  $ 2,403,376 $ 8,788,739 $ 5,874,939
                                                                      
INCOME FROM OPERATIONS:       336,334      355,708     840,029     650,735
                                                                      
OTHER INCOME AND                                                      
(EXPENSES):
  Interest and other non-                                             
operating                       9,946        4,056      37,438      11,630
    income
  Interest expense              (259)         (534)       (950)     (1,799)
  Loss on AMCON stock       (848,342)          0      (848,342)          0
                                                                      
INCOME BEFORE INCOME TAXES  (502,321)      359,230      28,175     660,566
                                                                      
PROVISION (BENEFIT) FOR                                               
INCOME TAXES                (858,083)       12,000    (752,371)     12,000
                                                                      
NET INCOME                                                 
                           $ 355,763   $   347,230 $   780,547 $   648,566
                                                                      
EARNINGS PER COMMON SHARE                                             
& COMMON EQUIVALENT SHARE:
                                                                      
NET INCOME                                                        
                           $     .04   $       .04 $       .09 $       .08
                                                                      
WEIGHTED AVERAGE COMMON &                                             
COMMON EQUIVALENT SHARES:  9,059,421     8,006,799   8,928,463   7,908,251
                                
</TABLE>

    SEE NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

<PAGE>

         CABLE CAR BEVERAGE CORPORATION AND SUBSIDIARIES
         UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS
<TABLE>
<CAPTION>                                   NINE-MONTHS ENDED
                                               SEPTEMBER 30,
                                             1995        1994
<S>                                      <C>          <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income                                                    
                                         $   780,547  $   648,566
Adjustment to reconcile net income to                           
net cash from
  operating activities:
Loss on investment in AMCON                  848,342            0
Depreciation and amortization                 47,380       42,784
Provision for loss on accounts                 8,370       30,000
receivable
Changes in assets and liabilities:                              
Accounts receivable                         (642,184)    (477,188)
Inventories                               (1,191,692)    (443,649)
Prepaid expenses and other current            (6,665)     (20,015)
assets                                                    
Other assets                                       0        9,478
Deferred income tax assets                  (936,440)           0
Accounts payable and accrued liabilities     352,727      280,372
Other current liabilities                    402,739      103,203
                                                                 
NET CASH FROM OPERATING ACTIVITIES          (336,876)     173,551
                                                                 
CASH FLOWS FROM INVESTING ACTIVITIES:                            
Short-term investments                        58,102            0
Property and equipment                       (98,054)     (18,609)
Acquisition of licensing fee                       0      (12,500)
                                                                 
NET CASH FROM INVESTING ACTIVITIES          (39,952)      (31,109)
                                                                 
CASH FLOWS FROM FINANCING ACTIVITIES:                            
Principle payments on debt                   (6,690)       (1,543)
Proceeds from issuance of stock              374,449       40,202
                                                                 
NET CASH FROM FINANCING ACTIVITIES           367,759       38,659
                                                                 
NET INCREASE (DECREASE) IN CASH AND CASH                         
  EQUIVALENTS                                (9,069)      181,101
                                                                 
CASH AND CASH EQUIVALENTS AT BEGINNING                          
OF                                           580,658      373,183
  PERIOD
                                                                 
CASH AND CASH EQUIVALENTS AT END OF                           
PERIOD                                   $   571,589  $   554,284

SUPPLEMENTAL DISCLOSURE OF NON-CASH
  FINANCING AND INVESTING ACTIVITIES
    Dividend of AMCON stock                                    
                                         $   799,407  $         0
</TABLE>
                                

    SEE NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

<PAGE>

                CABLE CAR BEVERAGE CORPORATION AND SUBSIDIARIES
           CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

<TABLE>
<CAPTION>            COMMON STOCK      ADDITION   ACCUMU-     TREASURY STOCK
                                           AL
                    NUMBER              PAID-IN    LATED      NUMBER       
                   OF SHARES  AMOUNT    CAPITAL   DEFICIT    OF SHARES  AMOUNT
<S>              <C>        <C>      <C>         <C>         <C>     <C>  

Balance December
      31, 1994    8,154,618 $ 81,547 $ 9,133,464 $(5,241,598) 76,357 $(28,635)
                                           
                                                                              
Issuance  for                       
exercise of
     warrants       503,731    5,037     369,412
                                                                              
Dividend of
  AMCON stock                                       (799,407)
                                                                              
Net income                                           780,547
                                                                              
Balance September       
30, 1995          8,658,349 $ 86,584 $ 9,502,876 $(5,241,598) 76,357 $(28,635)                                 
                                                                              
                                                                              
</TABLE>                                                                       
                                                                              
                                                                              

    SEE NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

<PAGE>

	         CABLE CAR BEVERAGE CORPORATION AND SUBSIDIARIES
      NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

Note 1 - Financial Statements Presented:

The consolidated interim data of Cable Car Beverage Corporation
(the "Company") at September 30, 1995 and for the three and nine-
month periods ended September 30, 1995 and September 30, 1994
respectively, is unaudited.  In the opinion of management, the
interim data includes all adjustments (which include only normal
recurring adjustments) necessary for a fair statement of the
results for the interim periods.

The Company's consolidated financial statements at and for the
nine-months ended September 30, 1995 include the accounts of its
wholly-owned subsidiaries, Old San Francisco Seltzer, Inc. and
Fountain Classics, Inc.

Certain information and substantially all footnote disclosures
normally included in financial statements prepared in accordance
with generally accepted accounting principles have been omitted.
It is suggested that these financial statements be read in
conjunction with the financial statements and notes thereto
included in the Company's consolidated financial statements,
filed in Form 10-K for December 31, 1994. The results of
operations for the period ended September 30, 1995 are not
necessarily indicative of the operating results for the full
year.

Certain reclassifications have been reflected in the prior year
financial statements to conform to the current year presentations.

Note 2 - Net Income Per Common and Common Equivalent Share:

Net income per common and common equivalent share was computed
under the treasury stock method using the weighted average number
of common shares and dilutive common stock equivalent shares
outstanding during the period.

<PAGE>

Note 3 - Inventories:

Inventories consist of:


<TABLE>
<CAPTION>           September    December
                       30,          31,
                      1995         1994
                                
<S>              <C>            <C>
Finished Goods   $     984,797  $   398,470

Raw Materials          805,832      200,467
                                           
                 $   1,790,629  $   598,937

</TABLE>

Note 4 - Income Taxes:

As of September 30, 1995, the Company had deferred income tax
assets  of  $936,440, consisting primarily of $741,737 in net
operating loss carryforwards and $194,703 of other future
deductible temporary differences.  The  net  operating loss
carryforwards  are subject to certain annual utilization  limits.
Previously, the Company had recorded a valuation allowance  equal
to the deferred income tax assets due to management's uncertainty
about  the likelihood that the Company would fully utilize  these
benefits.  However, it was determined by the Company at September
30,  1995  that,  based upon the Company's  recent  and  expected
future operating results, it is now more likely than not that the
Company  will  realize  all of its future  income  tax  benefits.
Based  on  this  determination, the Company  has  eliminated  the
valuation allowance against the deferred income tax assets  which
resulted  in  an income tax benefit of $936,440 for  the  quarter
ended September 30, 1995.

Note 5 - Loss on Investment in AMCON/ Dividend of AMCON Common
Stock:

During the September 1995 quarter, the Company wrote-down its
investment in AMCON Distributing Company, Inc. ("AMCON") to the
market price of AMCON common stock as reported by NASDAQ on
August 4, 1995, the date upon which the stock was initially
included on NASDAQ, which resulted in a charge of $848,342.  On
July 31, 1995, the Company distributed 266,469 shares of AMCON
common stock as a dividend to the Company's shareholders of
record as of July 5, 1995.  This distribution of 266,469 shares
of AMCON represented 87% of the Company's holdings in AMCON.  At
September 30, 1995, the Company continued to hold 39,674 shares
of AMCON common stock.

<PAGE>

Item  2.   Management's  Discussion  and  Analysis  of  Financial
Condition And Results of Operations

Current Developments

Operations.  The Company continued to experience growth of its
line of Stewart's premium soft drinks during the quarter ended
September 30, 1995. The Company is presently selling Stewart's in
various cities throughout the United States and Canada. During
the September quarter, the Company also continued to test market
its two new product lines,  ASPEN Extreme and Fountain Classics
Seltzer.  ASPEN Extreme is a sport drink and Fountain Classics
Seltzer is a non-sweetened seltzer water.

Loss on Investment in AMCON/ Dividend of AMCON Common Stock.
During the September 1995 quarter, the Company wrote-down its
investment in AMCON Distributing Company, Inc. ("AMCON") to the
market price of AMCON common stock as reported by NASDAQ on
August 4, 1995, the date upon which the stock was initially
included on NASDAQ, which resulted in a charge of $848,342.  On
July 31, 1995, the Company distributed 266,469 shares of AMCON
common stock as a dividend to the Company's shareholders of
record as of July 5, 1995.  This distribution of 266,469 shares
of AMCON represented 87% of the Company's holdings in AMCON.  At
September 30, 1995, the Company continued to hold 39,674 shares
of AMCON common stock.

Deferred tax benefit. As of September 30, 1995, the Company had a
deferred  income tax assets of $936,440, consisting primarily  of
$741,737  in  net  operating loss carryforwards and  $194,703  of
other future deductible temporary differences.  The net operating
loss  carryforwards  are  subject to certain  annual  utilization
limits.    Previously,  the  Company  had  recorded  a  valuation
allowance  equal  to  the  deferred  income  tax  assets  due  to
management's  uncertainty about the likelihood that  the  Company
would  fully utilize these benefits.  However, it was  determined
by  the  Company  at  September 30, 1995  that,  based  upon  the
Company's recent and expected future operating results, it is now
more  likely than not that the Company will realize  all  of  its
future  income  tax  benefits.  Based on this determination,  the
Company  has  eliminated  the  valuation  allowance  against  the
deferred  income  tax  assets which resulted  in  an  income  tax
benefit of $936,440 for the quarter ended September 30, 1995.

Liquidity and Capital Resources

The  Company's current ratio at September 30, 1995  was  3.28  as
compared  to  4.06  at  December 31, 1994.   Working  capital  at
September  30,  1995 was $2,857,799 as compared to $1,523,585  at
December 31, 1994.  For the nine-months ended September 30, 1995,
cash decreased by $9,069. The principal source was from financing
activities, but such sources were more than offset by  cash  used
in operations.  A majority of the cash used in operations related
to  increases  in accounts receivable and inventories  offset  by
increases   in  accounts  payable  and  accrued  liabilities   of
$352,729.   Financing  activities  generated  cash  of  $367,758,
primarily from the net proceeds of stock issuances from exercised

<PAGE>

options and warrants.  Investing activities used a net of $39,952
primarily  for  the  purchase  of production  equipment  and  was
partially  offset  by the maturing of short-term  investments  in
certificates of deposit.

The  Company intends to utilize cash from operations to meet  its
ongoing  obligations.  The Company has also  established  a  bank
line  of  credit in the amount of $500,000 which it  may  utilize
from  time to time to meet seasonal cash needs.  Management  does
not  expect  liquidity problems during 1995 assuming the  Company
can maintain or exceed its current sales volume and expenses as a
percentage of sales remain relatively constant.


Results of Operations

Comparison of the nine-month periods ended September 30, 1995 and
September 30, 1994

The following table reflects certain unaudited financial
information for the Company for the nine-months ended September
30, 1995 and September 30, 1994:

<TABLE>
<CAPTION>                      1995         1994
<S>                       <C>           <C>
Sales                     $  9,628,768  $ 6,525,675
Cost of Goods Sold           7,103,425    4,689,072
Selling, General &
Administrative               1,685,314    1,185,867
Income From Operations         840,029      650,735
Other Income (Loss)           (811,854)       9,831
Income Before Income    
            Taxes               28,175      660,566
Provision (Benefit)
for Income Taxes              (752,371)      12,000
Net Income                $    780,547  $   648,566

</TABLE>

As  reflected in the above table, the Company had net  income  of
$780,547  for  the nine-months ended September 30, 1995  compared
with  net  income of $648,566 for the nine-months ended September
30,  1994.   This  20% increase in net income  resulted  from  an
increase in operating income, a non-operating loss relating to  a
write-down  of an investment, and recording of a deferred  income
tax  benefit  primarily relating to the Company's  net  operating
loss carryforwards.

The Company's operating income increased to $840,029 for the nine-
months  ended  September 30, 1995 versus $650,735 for  the  nine-
months  ended September 30, 1994.  This 29% increase in operating
income was primarily due to increased revenue in 1995.

Net  income  was  also  affected by certain non-operating  items.
Other income (loss) for the nine-months ended September 30,  1995
resulted  in a loss of  $811,854 compared with a gain  of  $9,831
for  the nine-months ended September 30, 1994.  This decrease  is
attributable  to  the  recording  of  a  write-down  during   the
September  1995 quarter of its investment in AMCON (See  "Current
Developments", above).

<PAGE>

Net  income  also  reflects  certain  changes  to  the  Company's
provision  for income taxes at September 30, 1995.  The Company's
provision  for  income taxes for the nine-months ended  September
30,   1995  includes  an  income  tax  benefit  related  to   the
elimination  of the valuation allowance of  $936,440 whereas  the
provision  for  income taxes for the nine-months ended  September
30, 1994 did not include such a benefit.  The deferred income tax
benefit  recorded at September 30, 1995 was due to the  Company's
determination  that  it  is more likely than  not  that  all  the
Company's  future  income  tax benefits  will  be  realized  (see
"Current  Developments", above).  Prior to the inclusion  of  the
loss  on  the  AMCON investment and the benefit  related  to  the
elimination of the valuation allowance, the Company's income  tax
provision  reflects a tax rate of 21% for the  nine-months  ended
September  30, 1995 versus 2% for the nine-months ended September
30,  1994.  This increase was attributable to a reduction in  net
operating  loss carryforwards available to offset  the  Company's
income tax liability this year as compared to last year.

Revenue from the sale of products increased to $9,628,768 in 1995
from $6,525,675 in 1994.   This increase of $3,103,093 or 48% was
due primarily to increased Stewart's case sales.

Cost  of goods sold increased $2,414,353 in the nine-months ended
September 30, 1995 versus 1994, and increased as a percentage  of
sales  from  71.9%  to  73.8%. The percentage  increase  was  due
primarily  to increased glass costs, increased production  costs,
and increased warehousing costs.

Selling  expense  increased  $407,666  from  1994  to  1995,  and
increased  slightly as a percentage of sales from 9.8% to  10.9%.
The  increase  was  due primarily to the following  factors:  (1)
salary  and  related selling expenses associated  with  expanding
distribution  and  (2) expenses incurred in 1995  for  designing,
packaging and introducing the Company's new products.

General and administrative expense increased $87,185 from 1994 to
1995,  but decreased as a percentage of sales from 7.7% to  6.1%.
The  percentage  decrease in general and administrative  expenses
was  primarily  attributable to a 48%  increase  in  sales  while
administrative  expense increased only 17%.  The dollar  increase
was  due  primarily  to the following factors:   (1)  salary  and
related expenses and (2) administrative expenses incurred in  the
development of the Company's new proprietary products.

<PAGE>

Comparison  of the three-month periods ended September  30,  1995
and September 30, 1994

The   following   table  reflects  certain  unaudited   financial
information for the Company for the three-months ended  September
30, 1995 and September 30, 1994:
<TABLE>
<CAPTION>                          1995         1994
<S>                        <C>            <C>
Sales                      $    4,286,294 $  2,759,084
Cost of Goods Sold              3,226,095    1,961,118
Selling, General &               
Administrative                    723,865      442,258
Income From Operations            336,334      355,708
Other Income (Loss)              (838,655)       3,522
Income (Loss) Before             
Income Taxes                     (502,321)     359,230
Provision (Benefit) for         
Income Taxes                     (858,083)      12,000
Net Income                 $      355,763 $    347,230

</TABLE>

As  reflected in the above table, the Company had net  income  of
$355,763  for the three-months ended September 30, 1995  compared
with  net income of $347,230 for the three-months ended September
30,  1994.   This  2.5% increase in net income  resulted  from  a
decrease in operating income, a non-operating loss relating to  a
one-time  write-down of an investment, and a tax benefit relating
to the Company's future income tax benefits.

The Company's operating income decreased slightly to $336,334 for
the three-months ended September 30, 1995 versus $355,708 for the
three-months  ended  September 30, 1994.   This  5%  decrease  in
operating  income was primarily due to higher costs of goods  and
higher selling expenses in the September 1995 quarter versus  the
September 1994 quarter.

Net  income  was  also  affected by certain non-operating  items.
Other income (loss) for the three-months ended September 30, 1995
resulted  in a loss of  $838,655 compared with a gain  of  $3,522
for the three-months ended September 30, 1994.  This decrease  is
attributable  to  the  recording  of  a  write-down  during   the
September  1995 quarter of its investment in AMCON (see  "Current
Developments", above).

Net  income  also  reflects  certain  changes  to  the  Company's
provision  for income taxes at September 30, 1995.  The Company's
provision  for income taxes for the three-months ended  September
30,  1995 includes an income tax benefit of $936,440 whereas  the
provision  for income taxes for the three-months ended  September
30,  1994 did not include such a benefit. The deferred income tax
benefit  recorded at September 30, 1995 was due to the  Company's
determination  that  it  is more likely than  not  that  all  the
Company's future income tax benefits (see "Current Developments",
above).  Prior  to  the  inclusion  of  the  loss  on  the  AMCON
investment  and the deferred income tax benefits related  to  the
elimination of the valuation allowance, the Company's income  tax
provision  reflects a tax rate of 23% for the three-months  ended
September 30, 1995 versus 3% for the three-months ended September
30,  1994.  This increase was attributable to a reduction in  net


operating  loss carryforwards available to offset  the  Company's
income tax liability this year as compared to last year.

Revenue from the sale of products increased to $4,286,294 in 1995
from $2,759,084 in 1994.   This increase of $1,527,210 or 55% was
due primarily to increased Stewart's case sales.

Cost  of goods sold increased $1,264,977 in the third quarter  of
1995 versus 1994, and increased as a percentage of sales from 71%
to  75%.   The percentage increase was due primarily to increased
glass costs, production costs, and warehousing costs.

Selling  expense  increased  $243,663  from  1994  to  1995,  and
increased  as  a  percentage of sales from 8.5%  to  11.2%.   The
increase  was due primarily to the following factors: (1)  salary
and   related   selling   expenses  associated   with   expanding
distribution  and  (2) expenses incurred in 1995  for  designing,
packaging and introducing the Company's new proprietary products.

General and administrative expense increased $35,273 from 1994 to
1995,  but decreased as a percentage of sales from 7.0% to  5.3%.
The  percentage  decrease in general and administrative  expenses
was  primarily  attributable to a 55%  increase  in  sales  while
administrative  expense increased only 18%. The  dollar  increase
was  due  primarily  to the following factors:   (1)  salary  and
related expenses and (2) administrative expenses incurred in  the
development of the Company's new proprietary products.


PART II - OTHER INFORMATION

None.

<PAGE>

                           SIGNATURES

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

                             CABLE CAR BEVERAGE CORPORATION
                                        (registrant)
                                 
                                 
                                 
Date:  November 13, 1995     By  /s/ Samuel M. Simpson
                             :
                                 Samuel M. Simpson
                                 President
                                 
                                 
                                 
                                 /s/Myron D. Stadler
                                 Myron D. Stadler
                                 Chief Accounting Officer