SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB
(Mark One)

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

                     For the Quarter Ended December 31, 1998

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

           For the transition period from ____________ to ____________

                         Commission file number: 0-15224

                       ADVANCE DISPLAY TECHNOLOGIES, INC.
                       ----------------------------------
                     (Exact name of small business issuer as
                            specified in its charter)

              COLORADO                                   84-0969445
              --------                                   ----------
      (State of incorporation)                    (IRS Employer ID number)


             1251 South Huron Street, Unit C, Denver, Colorado 80223
             -------------------------------------------------------
               (Address of principle executive offices) (Zip Code)


                                 (303) 733-5339
                 ----------------------------------------------
                (Issuer's telephone number, including area code)



Check  whether  the issuer  (1) has filed all  reports  required  to be filed by
section 13 or 15(d) of the  Securities  Exchange  Act of 1934 during the past 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
                               -------                -------

As of January 31, 1999,  23,774,275 shares of Common Stock,  $.001 par value per
share were outstanding.

           Transitional Small Business Disclosure Format (check one):

                          YES                      NO     X
                               -------                 -------


<PAGE>



                       ADVANCE DISPLAY TECHNOLOGIES, INC.


                                      INDEX


                                                                         Page
                                                                         ----

                          PART I. FINANCIAL INFORMATION



Item 1.   Balance Sheets (unaudited) -
              December 31, 1998 and June 30, 1998........................  3

             Statements of Operations (unaudited) -
              Three months and six months  ended  December 31, 1998
              and 1997 and for the period from March 15, 1995,
              inception, to December 31, 1998............................  4

             Statements of Cash Flows (unaudited) -
              Three months and six months  ended  December 31, 1998
              and 1997 and for the period from March 15, 1995,
              inception, to December 31, 1998............................  5

             Notes to Financial Statements (unaudited)...................  7

Item 2.  Management's Discussion and Analysis of
                  Financial Condition and Results of Operations.........   8


                           PART II. OTHER INFORMATION

Item 1.  Legal Proceedings..............................................  11

Item 2.  Changes in Securities..........................................  11

Item 3.  Defaults on Senior Securities..................................  12

Item 4.  Submission of Matters to a Vote of
                  Security Holders......................................  12

Item 5.  Other Information..............................................  12

Item 6.  Exhibits and Reports on Form 8-K...............................  12

             Signatures.................................................  12


                                        2

<PAGE>

                       ADVANCE DISPLAY TECHNOLOGIES, INC.
                          (A Development Stage Company)

                                 BALANCE SHEETS
                                   (Unaudited)
                                                  December 31,      June 30,
                                                      1998            1998
                                                  ------------    --------

                                     ASSETS
                                     ------

CURRENT ASSETS:
   Cash                                           $     30,593    $     77,464
   Inventory                                            16,238          16,238
   Other current assets                                 15,717           8,108
                                                  ------------    ------------
      Total current assets                              62,548         101,810

PROPERTY AND EQUIPMENT                                 139,342         142,934
   Less:  Accumulated depreciation                     (63,101)        (40,892)
                                                  ------------    ------------
      Net Property and Equipment                        76,241         102,042
                                                  ------------    ------------

      TOTAL ASSETS                                $    138,789    $    203,852
                                                  ============    ============


                      LIABILITIES AND SHAREHOLDERS' DEFICIT
                      -------------------------------------

CURRENT LIABILITIES:
   Notes payable                                  $     40,000    $        --
   Accounts payable                                    340,597         484,060
   Other accrued liabilities                           236,820         156,802
                                                  ------------    ------------
      Total current liabilities                        617,417         640,862

CONVERTIBLE, REDEEMABLE NOTES PAYABLE                1,173,725      1,023,725

SHAREHOLDERS' DEFICIT:
   Preferred stock, $.001 par value,
        100,000,000  shares authorized,  1,843,900
        shares issued and outstanding (liquidation 
        preference of $2,765,850)                        1,844          1,844
   Common stock, $.001 par value, 100,000,000
        shares authorized, 23,774,275 and
           25,176,432 shares issued and outstanding,
           respectively                                 23,774          25,177
   Additional paid-in capital                        4,229,130       4,227,728
   Deficit accumulated during the development
        stage                                       (5,907,101)     (5,715,484)
                                                  ------------    ------------
      Total Shareholders' Deficit                   (1,652,353)     (1,460,735)
                                                  ------------    ------------

      TOTAL LIABILITIES AND SHAREHOLDERS'
       DEFICIT                                    $    138,789    $    203,852
                                                  ============    ============

           (See accompanying notes to unaudited financial statements)




                                        3

<PAGE>
<TABLE>
<CAPTION>
                                                    ADVANCE DISPLAY TECHNOLOGIES, INC.
                                                       (A Development Stage Company)

                                                   CONSOLIDATED STATEMENTS OF OPERATIONS
                                                                (Unaudited)

                                                                                                                     March 15, 1995
                                                                                                                       (Inception)
                                                     Three Months Ended                    Six Months Ended              Through
                                                        December 31,                        December 31,               December 31,
                                               ------------------------------      ------------------------------    ---------------
                                                   1998              1997              1998              1997              1998
                                               ------------      ------------      ------------      ------------      ------------
<S>                                            <C>               <C>               <C>               <C>               <C>  
REVENUE:

 Consulting                                    $       --        $     15,000      $       --        $     30,000      $     30,200
                                               ------------      ------------      ------------      ------------      ------------
     Total Revenue                                     --              15,000              --              30,000            30,200
                                                                                                                         

COSTS AND EXPENSES:
 General and administrative                         110,152           263,693           217,408           522,980         1,460,494


 Research and development                            57,550            92,284            94,992           137,952         3,003,957
 Impairment of Intangible                              --                --                --                --             451,492
                                               ------------      ------------      ------------      ------------      ------------
aspartysets
     Total costs and expenses                       167,702           355,977           312,400           660,932         4,915,943
                                               ------------      ------------      ------------      ------------      ------------

OPERATING LOSS                                     (167,702)         (340,977)         (312,400)         (630,932)       (4,885,743)

OTHER INCOME (EXPENSE):
 Interest Income                                        457              --                 780              --             163,541
 Other Income                                          --                --             175,550              --             177,971
 Interest expense - related party                   (29,358)         (930,555)          (55,547)         (945,724)       (1,362,870)
                                               ------------      ------------      ------------      ------------      ------------
     Total Other Income (Expense)                   (28,901)         (930,555)          120,783          (945,724)       (1,021,358)
                                               ------------      ------------      ------------      ------------      ------------

NET INCOME (LOSS)                              $   (196,603)     $ (1,271,532)     $   (191,617)     $ (1,576,656)     $ (5,907,101)
                                               ============      ============      ============      ============      ============


NET INCOME (LOSS) PER COMMON SHARE             $       (.01)     $       (.05)     $       (.01)     $       (.07)
                                               ============      ============      ============      ============

  (Basic and diluted)

WEIGHTED AVERAGE NUMBER OF COMMON
   SHARES OUTSTANDING                            23,774,275        24,829,347        24,164,702        23,086,635
                                               ============      ============      ============      ============





                        (See accompanying notes to unaudited consolidated financial statements)



                                                         4
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                ADVANCE DISPLAY TECHNOLOGIES, INC.
                                                   (A Development Stage Company)

                                               CONSOLIDATED STATEMENTS OF CASH FLOWS
                                                           (Unaudited)
                                                                                                           March 15,
                                                                                                             1995
                                                  Three Months Ended            Six Months Ended          (Inception)
                                                     December 31,                 December 31,              Through
                                                 1998           1997          1998           1997           1998
                                             -----------    -----------    -----------    -----------    -----------
CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                          <C>            <C>            <C>            <C>            <C>         
  Net Loss                                   $  (196,603)   $(1,271,532)   $  (191,617)   $(1,576,656)   $(5,907,101)
Adjustments to reconcile net loss to net
  Cash used in operating activities:
 Acquired research and development                  --             --             --             --        2,536,494
 Impairment of intangible asset                     --             --             --             --          451,492
 Depreciation and amortization                    12,595         30,260         24,466         55,296        192,219
 Stock option compensation expense                  --             --             --             --          214,125
 Interest expense related to debt                   --          918,267           --          918,267      1,013,933
 Loss on disposal of assets                         (675)          --             (675)          --             (371)
 (Increase)decrease in:
     Inventory                                      --            3,846           --          (54,146)       (10,190)
     Other current assets                         (2,730)         2,406         (7,609)       (18,460)      (147,210)
 (Decrease) increase in:
   Interest payable to shareholders               29,358         11,183         55,547         25,829        326,857
   Accounts payable                              (13,141)        (7,212)      (143,463)       (36,698)      (105,247)
   Other accrued liabilities                       3,138         (9,616)        24,471         48,057         (5,377)
                                             -----------    -----------    -----------    -----------    -----------
 Net cash used in operating activities          (168,058)      (322,398)      (238,880)      (638,511)    (1,440,376)
                                             -----------    -----------    -----------    -----------    -----------
            
CASH FLOWS FROM INVESTING ACTIVITIES:
 Additions to property and equipment              (2,355)       (68,316)        (3,141)       (74,852)       (93,500)
 Proceeds from sale of assets                      5,150          8,702          5,150          8,702         13,550
 Advances to affiliates                             --             --             --             --         (932,925)
 Purchase of notes receivable and
   security interest                                --             --             --             --         (225,000)
 Cash received in acquisition                       --             --             --             --          303,812
                                             -----------    -----------    -----------    -----------    -----------
   Net cash provided by (used in)
    investing activities                           2,795        (59,614)         2,009        (66,150)      (934,063)
                                             -----------    -----------    -----------    -----------    -----------
CASH FLOWS FROM FINANCING ACTIVITIES:
 Capital contributions                              --             --             --             --          103,127
 Proceeds from notes payable
   to shareholders                                40,000         95,000         40,000        160,000        105,000
 Proceeds from convertible notes
   payable to shareholders                       100,000        390,000        150,000        440,000      1,897,400
 Proceeds from line-of-credit                       --             --             --             --          299,505
                                             -----------    -----------    -----------    -----------    -----------
   Net Cash provided by
       financing activities                      140,000        485,000        190,000        600,000      2,405,032
                                             -----------    -----------    -----------    -----------    -----------

Increase (decrease) in cash                      (25,263)       102,988        (46,871)      (104,661)        30,593
Cash & cash equivalents at
  beginning of period                             55,856         28,082         77,464        235,731           --
                                             -----------    -----------    -----------    -----------    -----------
Cash and cash equivalents at end
  of period                                  $    30,593    $   131,070    $    30,593    $   131,070    $    30,593
                                             ===========    ===========    ===========    ===========    ===========

                     (See accompanying notes to unaudited consolidated financial statements)

                                                        5


<PAGE>
                                                    ADVANCE DISPLAY TECHNOLOGIES, INC.
                                                       (A Development Stage Company)

                                                   CONSOLIDATED STATEMENTS OF CASH FLOWS
                                                                (Unaudited)


                                                                                                                      March 15, 1995
                                                                                                                         (Inception)
                                                         Three Months Ended                Six Months Ended               Through
                                                            December 31,                      December 31,              December 31,
                                                      1998               1997             1998           1997               1998
                                                  -----------         ------------     ----------      ----------       -----------

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for:
    Interest                                      $       ---          $       746     $      ---      $       746      $       ---
                                                  ===========          ===========     ==========      ===========      ===========
    Taxes                                         $       ---          $       ---     $      ---      $       ---      $       ---
                                                  ===========          ===========     ==========      ===========      ===========


Issuance of common Stock for acquisition
  of Display Group, LLC and Display
  Optics, Ltd. and conversion of
  Convertible debt                                $       ---          $       ---     $      ---      $       ---      $ 2,199,026
                                                  ===========          ===========     ==========      ===========      ===========

Conversion of notes payable to
  shareholders to common stock                    $       ---          $       ---     $      ---      $       ---      $   550,000
                                                  ===========          ===========     ==========      ===========      ===========










                                  (See accompanying notes to unaudited consolidated financial statements)


                                                                     6
</TABLE>

<PAGE>



                       ADVANCE DISPLAY TECHNOLOGIES, INC.
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

Note 1.

     The accompanying  unaudited interim financial statements have been prepared
in accordance  with the  instructions  to Form 10-QSB and do not include all the
information and footnotes required by generally accepted  accounting  principles
for complete financial statements. In the opinion of management, all adjustments
(consisting  of  normal  recurring  accruals)  considered  necessary  for a fair
presentation  have been  included.  The  results of  operations  for any interim
period are not  necessarily  indicative  of results for the entire  fiscal year.
These statements should be read in conjunction with the financial statements and
related notes  included in Form 10-KSB for Advance  Display  Technologies,  Inc.
("ADTI" or the "Company")for the year ended June 30, 1998, as the notes to these
interim  financial  statements  omit certain  information  required for complete
financial statements.




                                        7

<PAGE>



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

                Special Note Regarding Forward Looking Statements

     Certain statements contained herein constitute "forward looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward looking statements  include,  without limitation,  statements  regarding
Advance  Display  Technologies,  Inc.'s  ("ADTI" or the  "Company")  anticipated
marketing and production,  need for working capital, future revenues and results
of  operations.  Factors  that could cause actual  results to differ  materially
include, among others, the following: future economic conditions, the ability of
the Company to obtain  sufficient  capital,  to further  develop and improve the
manufacturing process for its product, to manufacture its product at a cost that
would result in profitable  sales,  to sell a sufficient  number of screens at a
sufficient price to result in positive operating margins,  to attract and retain
qualified management and other personnel,  and generally to successfully execute
a business plan that will take the Company from a development  stage entity to a
profitable  operating company.  Many of these factors are outside the control of
the  Company.  Investors  are  cautioned  not to put undue  reliance  on forward
looking statements.  Except as otherwise required by rules of the Securities and
Exchange  Commission,  the Company  disclaims any intent or obligation to update
publicly  these  forward  looking  statements,   whether  as  a  result  of  new
information, future events or otherwise.

     Statements in this Report are  qualified in their  entirety by reference to
contracts,  agreements,  and  other  exhibits  filed  or  incorporated  with the
Company's Form 10-KSB for the fiscal year ended June 30, 1998.


Results of Operations

     During the six months ended  December 31, 1998,  the Company  remained in a
research and development ("R&D") phase, continuing efforts to design and develop
an adequately  bright  projector  for use with the Company's  fiber optic screen
technology  in a full color video  display  application.  As of the date of this
report, no definitive  solution to this issue has been reached. If these efforts
are not successful,  the ability of the Company to raise  additional  capital to
continue operations will be significantly hindered and the Company may be forced
to discontinue operations.

     For the fiscal  quarter and six months ended December 31, 1998, the Company
reported net losses of ($196,603) and ($191,617),  respectively,  as compared to
net losses of ($1,271,532)  and  ($1,576,656)  for the same periods in 1997. The
differences  in net losses for the  periods  ended 1998 as  compared to 1997 are
primarily due to: 1) a charge to interest expense for the quarter ended December
31, 1997 of approximately  $918,000, 2) other income of $0 and $175,550 received
during the quarter and six months  ended  December 31,  1998,  respectively,  in
settlement  of  previously  pending  litigation,  3) a decrease  in general  and
administrative  ("G&A")  expenses for the quarter and six months ended  December
31, 1998 of  approximately  $153,500 and  $305,500,  respectively,  from amounts


                                        8

<PAGE>


reported in 1997,  and, 4) a decrease in research and  development  ("R&D")costs
for the quarter and six months ended December 31, 1998 of approximately  $34,700
and $43,000,  respectively  from the same periods of the prior year. As a result
of downsizing and cost containment measures,  the Company was able to reduce the
operating  losses from  approximately  $341,000 and $631,000 for the quarter and
six months ended  December 31, 1997 to  approximately  $168,000 and $312,000 for
the same periods of the current fiscal year.

     The Company  reported  total revenue of $15,000 and $30,000 for the quarter
and six months ended December 31, 1997,  respectively,  which consisted entirely
of consulting fees pursuant to an agreement with Toshiba Lighting and Technology
Corporation ("TLT") effective July 1, 1997. The agreement called for the Company
to provide technical support for an outdoor product of TLT and to provide market
research  information for  consideration of $5,000 per month. This agreement was
not renewed, therefore, there were no revenues reported for the six months ended
December  31,  1998.  Although,  the Company  received  no revenue in 1998,  the
Company  reported  total  other  income of  $175,550  for the six  months  ended
December 31, 1998 which consisted almost entirely of litigation settlement fees.
There  were no sales of the  Company's  products  to report  for  either  fiscal
period.

     The Company  reported G&A expenses of $110,152 and $217,408 for the quarter
and six months ended December 31, 1998, respectively as compared to $263,693 and
$522,980  for the same periods of the prior year.  Legal and other  professional
fees decreased approximately $102,000 for the six months ended December 31, 1998
from 1997 due to the settlement of litigation,  completion of a marketing  study
in 1997,  and a reduction in  management  consulting  fees in 1998 from 1997. In
June 1998, the Company recorded a write-down of its intellectual  property to $0
which reduced  amortization  expense in the six month period ended  December 31,
1998 from the same period in 1997 by  approximately  $39,000.  The Company  also
reduced its workforce in 1998 from 1997 by approximately 7 people resulting in a
net  decrease in  salaries  and payroll  expenses  for the six month  periods of
approximately  $162,000. G&A expenses for the six months ended December 31, 1998
included: 1) depreciation of approximately $22,000; 2) general office expense of
approximately  $73,000;  3) employee  salaries  and  expenses  of  approximately
$77,000; and 4) professional fees of approximately $45,000 (including legal fees
incurred for settlement of the litigation and general  corporate  matters,  and,
accounting  fees  in  connection  with  the  audit  of the  Company's  financial
statements for the fiscal year ended June 30, 1998).

     The Company also  reported  research and  development  ("R&D")  expenses of
$57,550 and $94,992 for the quarter  and six months  ended  December  31,  1998,
respectively,  as compared to $92,284 and  $137,952  for the same periods of the
prior year.  This decrease is primarily due to the  Company's  down-sizing.  R&D
expenditures  during the first six months of fiscal 1998 are associated with the
Company's efforts to develop a projector substantially brighter and possessing a
better cost to performance ratio than those  commercially  available today which
the  Company  believes  is  needed  to  provide  adequate  illumination  for the
successful  marketing of its screen in the color video  display  market.  Toward
that end,  the  Company  has  placed  illumination,  projection  and  electrical
engineering  specialists  under  contract  to design and  develop an  adequately
bright projector for use with the Company's fiber optic screen.

                                        9

<PAGE>

     During the quarter ended December 31, 1997,  the Company  recorded a charge
to  interest  expense  of  approximately   $918,000  which  was  the  result  of
immediately convertible debt issued at a conversion price below the quoted price
of the Company's Common Stock. Excluding this charge, interest expense increased
from $12,288 and $27,457 for the quarter and six months ended  December 31, 1997
to $29,358 and $55,547 for the same  periods of the current  fiscal  year.  This
increase is due to an increase in outstanding  notes payable for the quarter and
six months ended December 31, 1998.


Liquidity and Capital Resources

     At December 31, 1998, the Company reported negative net worth of $1,652,353
and negative  working capital of $554,869.  The Company will require  additional
capital for  administrative  expenses,  continued  development  of the  product,
further  design  and  development  of an  automated  manufacturing  process  and
marketing costs.  Management  believes that the Company's continued existence is
dependent  upon its  ability  to: 1) develop or  acquire  an  adequately  bright
projector  at an  acceptable  cost for use with its  products;  2) complete  the
design and development of the alternative  automated  manufacturing  process; 3)
successfully market the product; 4) obtain additional sources of funding through
outside sources; and 5) achieve and maintain profitable operations. There can be
no  assurance  that  the  Company  will be  able to  achieve  its  research  and
development goals,  obtain sufficient  additional capital or manufacture or sell
its products on terms and conditions satisfactory to the Company.

     During the six months  ended  December  31,  1998,  the Company  received a
payment of $175,000 in  settlement of previously  outstanding  litigation.  Cash
flows from financing  activities for the fiscal quarter ended December 31, 1998,
consisted  of proceeds  from the issuance of $40,000 of 10% demand notes and the
issuance of convertible,  redeemable promissory notes in the aggregate amount of
$100,000, due and payable October 15, 2000 and with substantially the same terms
as the Company's other  convertible,  redeemable  promissory notes  outstanding.
Proceeds from the settlement and financing  activities  received  during the six
months ended  December 31, 1998 were  primarily  used for payment of  litigation
fees,  ongoing  research in the design and  development of an adequately  bright
projector and operating expenses.

     Subsequent to December 31, 1998, the Company  issued an additional  $60,000
of 10% demand notes. It is anticipated that these notes together with the demand
notes  previously  issued  will  be  converted  into   convertible,   redeemable
promissory  notes in a future offering under similar terms and conditions as the
convertible, redeemable promissory notes currently outstanding.

     The Company received  consulting fees of $15,000 and $30,000 for the fiscal
quarter and six months ended  December 31,  1997,  respectfully,  pursuant to an
agreement with Toshiba  Lighting and Technology  Corporation  ("TLT")  effective
July 1, 1997.  Cash flows from  financing  activities for the fiscal quarter and
six months ended December 31, 1997  consisted of notes payable and  convertible,
redeemable promissory notes totaling $485,000 and $600,000, respectively.


                                       10

<PAGE>

     ADTI  reported a working  capital  deficit  position at December  31, 1998.
Current liabilities  exceeded current assets by $554,869.  At December 31, 1998,
current liabilities consisted of trade payables and accrued expenses of $577,417
for costs of a  reorganization,  operating costs, R&D costs and various payables
and  accruals  from prior  years.  While  management  intends to pursue  various
strategies  to reduce or  eliminate  certain of these  liabilities,  there is no
assurance that these efforts will be successful.

     The  Company's  efforts  will  continue to be focused on  research  for the
design  and  development  of an  adequately  bright  projector  for use with the
Company's  fiber optic screen  technology and on alternative  uses for the fiber
optic screen.  As of the date of this report,  no  definitive  solution to these
issues has been reached. If these efforts are not successful, the ability of the
Company to raise additional capital to continue operations will be significantly
hindered and the Company may be forced to discontinue  operations.  Although the
Company will continue  efforts on raising  additional  capital  through  private
placements or other sources, there can be no assurances that the Company will be
able  to  acquire  the  capital  needed  or be  successful  in  achieving  these
objectives.


Impact of the Year 2000 Issue

     There have been no changes in the Company's  assessments or plans regarding
the  impact of the year 2000  since the  Company  filed its Form  10-KSB for the
fiscal year ended June 30, 1998.


                           PART II. OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS.

None.


ITEM 2.  CHANGES IN SECURITIES.

     On October 5, 1998 and November 13, 1998,  the Company sold an aggregate of
$100,000 of convertible,  redeemable  promissory  notes pursuant to a previously
Board  authorized  private  placement of its securities in a transaction  exempt
from the  registration  requirements  of the 1933  Act.  These  notes  were sold
pursuant to the  provisions of Regulation D, Rule 506 of the 1933 Act. The notes
will  be due  October  15,  2000  and  are  convertible,  at the  option  of the
noteholder, into shares of the Company's Common Stock at the rate of $0.1615 per
share.  The  Company  will have the right to call these notes after one year and
the note holders will have 30 days in which to convert if these notes are called
by the  Company.  The  Company  may elect to pay  interest on any of these notes
converted in cash or by issuance of additional  shares of the  Company's  Common
Stock.

                                       11

<PAGE>




ITEM 3.  DEFAULTS ON SENIOR SECURITIES.

None.


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

None.


ITEM 5.  OTHER INFORMATION.

None.


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.

None.



                                   SIGNATURES


In accordance with the requirements of the Securities  Exchange Act of 1934, the
registrant  has caused  this report on Form 10-QSB to be signed on its behalf by
the undersigned, thereunto duly authorized.


                                    ADVANCE DISPLAY TECHNOLOGIES, INC.
                                           (Registrant)



Date: February 16, 1999             /S/ Matthew W. Shankle
                                    --------------------------------------
                                        Matthew W. Shankle
                                        President
                                        (Chief Executive and Financial Officer)



                                       12