SECURITIES AND EXCHANGE COMMISSION
                          Washington, DC 20549
                               FORM 10 - QSB

                QUARTERLY REPORT UNDER REGULATION SB OF THE
                       SECURITIES EXCHANGE ACT OF 1934

For the Quarter Ended                        Commission File Number:
   June 30, 1997                                     2-96976-D
-----------------------                         ------------------

                      DCI TELECOMMUNICATIONS, INC.
       (Exact Name of Registrant as specified in its charter)

             COLORADO                            84-1155041
          ---------------                  -----------------------
   (State or other jurisdiction          (IRS Employer Identification
  of incorporation or organization)               Number)


           611 Access Road, Stratford, Connecticut  06497
     -------------------------------------------------------------
           (Address and zip code of principal executive offices)


                              (203) 380-0910
                            -----------------
           (Registrant's telephone number, including area code)

Indicate  by  check  mark whether the Registrant (1)  has  filed  all
reports required by Regulation SB 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 the filing requirements for at least the past 90 days.
                      YES __X__              NO_____

Indicate  the  number of shares outstanding of each of  the  issuer/s
classes of common stock, as of the last practicable date:

Number of Shares Outstanding        Class               Date
----------------------------       -------           ----------
        10,009,244             Common Stock,       August 14, 1997
                              $.0001 par value

<PAGE>

                        DCI TELECOMMUNICATIONS, INC.

                                  Index


     PART I  FINANCIAL INFORMATION

       Balance Sheet June 30, 1997                          3

       Statements of Operations
        Three Months Ended June 30, 1997 and 1996           4

       Statements of Cash Flow
        Three Months Ended June 30, 1997 and 1996           5

       Notes to Unaudited Financial Statements
        June 30, 1997                                       6

       Management's Discussion and Analysis of
        Financial Condition and Results of Operations       9

PART II
       Other Information                                    11

       Signatures                                           13






                                  2
<PAGE>

                      DCI Telecommunications, Inc.
                       Consolidated Balance Sheet
                             (unaudited)

                                                          June 30,
          ASSETS                                            1997

Current Assets:
    Cash                                                 $1,082,158
    Investments                                              43,575
    Accounts Receivable                                   3,831,400
    Prepaid expenses                                        213,811
    Inventory                                               221,355
                                                          ---------
Total Current Assets                                      5,392,299

Property and Equipment                                    1,516,321
    Less: Accumulated depreciation                          585,997
                                                          ---------
Net property and equipment                                  930,324
                                                          ---------

Accounts receivable                                         664,163
Deferred financing costs                                    139,727
Deposits                                                    113,629

Other Assets   - copyrights                               1,700,000
               - customer base                              653,752
               - costs in excess of net assets acquired   6,605,650
                                                          ---------
                                                          8,959,402
Less: Accumulated amortization                              533,767
                                                          ---------
Net other assets                                          8,425,635
                                                          ---------
Total Assets                                            $15,665,777
                                                        -----------

LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities:
    Due to Shareholders                                  $  388,139
    Notes and settlements payable                           313,431
    Accounts payable and accrued expenses                 4,865,486
    Participations payable                                1,505,604
    Income Taxes Payable                                    194,929
                                                         ----------
Total Current Liabilities                                 7,267,589

Participations payable                                      688,481
Long Term Debt                                              646,074
Deferred Income Taxes                                       248,202
Redeemable, convertible preferred stock $1,000 par and
  redemption value, 2,000,000 shares authorized, 1,302
  shares issued and outstanding                           1,302,000

Total Liabilities                                        10,152,346

Commitments and Contingencies (Note 11)

Shareholders' Equity:
    9.25% cumulative convertible, preferred stock
      $100 par value, 5,000,000 shares authorized,
      29,076 shares issued and outstanding;                305,000
    Common stock, $.0001 par value,
     500,000,000 shares authorized,
        9,003,074 shares issued
        and outstanding                                        900
    Paid in capital                                      5,634,244
    Treasury Stock                                             (13)
    Unrealized Capital Loss                                 (5,495)
    Retained earnings subsequent to 12/31/95, date of
       quasi-reorganization (total deficit
       eliminated $4,578,587)                             (421,205)
                                                         ---------
Total Shareholders' Equity                               5,513,431
                                                         ---------
Total Liabilities and Shareholders' Equity             $15,665,777
                                                       -----------

         See Accompanying Notes to Consolidated Financial Statements



                                    3
<PAGE>

                     DCI Telecommunications, Inc.
               Consolidated Statements of Operations
                             (unaudited)

                                       Three Months Ended
                                            June 30,
                                      1997           1996

  Net Sales                        $3,387,462      $ 540,404
  Cost of Sales                     2,181,946        378,787
                                   ----------      ---------
    Gross Profit                    1,205,516        161,617

 Selling, General &
  Admin. Expenses                     500,517        106,487
 Salaries and
  Compensation                        378,376        100,176
 Amortization &
  Depreciation                        117,027         61,236
 Professional and
    Consulting Fees                   112,615         23,189
                                    ---------       --------
                                    1,108,535        291,088

 Income (Loss)
   from Operations                     96,981       (129,471)

Other Income and (Expense):
  Interest Expense                    (39,022)        (7,127)
  Interest Income                      11,950             94

  Net Income(Loss)                     69,909       (136,504)

  Net Income(Loss)
   per common share                     $0.01         ($0.04)

  Fully Diluted Income (Loss)
   per common share                    ($0.00)        ($0.04)

  Weighted average common
   shares outstanding               8,915,937      3,389,051

     See Accompanying Notes to Consolidated Financial Statements


                                   4

<PAGE>

                       DCI Telecommunications, Inc.
                  Consolidated Statements of Cash Flows
                             (unaudited)

                                               Three Months Ended
                                                   June 30,
Cash Flows from Operating Activities:          1997          1996

Net Income (Loss)                           $ 69,909      ($136,504)
                                            --------      ---------
Adjustment to reconcile net income
(loss) to net cash provided by (used in)
 operating activities:
        Depreciation and amortization        117,027         61,236
        Stock issued for services                800

   Changes in assets and liabilities:
     (Increase) Decrease in:
        Accounts & Contracts Receivable     (217,726)         5,905
        Inventory                             24,915
        Deposits & Prepayments               (75,447)         1,164
        Deferred Financing Costs              35,515

     Increase (Decrease) in:
        Accounts & Contracts Payable        (328,951)      (136,543)
        Accrued Expenses                    (433,000)           645
        Income taxes                          35,733
                                            --------       --------
           Total Adjustments:               (841,134)      ( 67,593)
                                            --------       --------
        Net cash provided by (used in)
              operating activities          (771,225)      (204,097)
                                            --------       --------

Cash flows from (used in) investing activities:
        Additions to property,
          plant & equipment                 ( 11,359)       (11,514)
        Cash acquired with acquisition       110,629
                                            --------       --------
        Net cash provided by (used in)
          investing activities                99,270        (11,514)
                                            --------       --------

Cash flows from (used in) financing activities:
        Advances from (to)shareholders       373,979       ( 35,639)
        Proceeds from sale of
             stock & options                  68,077        368,514
        Bank overdraft                                      (36,724)
        Payment of notes payable             ( 2,024)        (3,555)
                                            --------       --------
        Net cash provided by (used in)
            financing activities             440,032        292,596
                                            --------       --------

Net Increase (Decrease) in cash             (231,923)        76,985

Cash, Beginning of Year                    1,314,081         32,073
                                           ---------       --------

Cash, End of Period                       $1,082,158       $109,058


                                              Three Months Ended
                                                     June 30,
                                             1997           1996

Supplemental disclosures of cash flow information:

Non cash investing and financing transactions:
     Acquisition by stock issuance:
        CardCall International           $3,600,722
     Non cash settlements                  $ 40,000


     See Accompanying Notes to Consolidated Financial Statements




                                  5
<PAGE>

DCI Telecommunications, Inc.
Notes to Unaudited Financial Statements June 30, 1997

NOTE 1.
-------

The accompanying unaudited financial statements have been prepared in
accordance with  generally accepted accounting principles for interim
financial  information  and  with the provisions  of  Regulation  SB.
Accordingly, they do not include all of 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 adjustments) considered necessary for
a  fair presentation have been included. Certain reclassification  of
prior  year  numbers have been made to conform to the  current  years
presentations  and  to report the acquisition of The  Travel  Source,
Ltd. as a pooling of interest.

The  consolidated financial statements include the  accounts  of  the
Company  and  its wholly owned subsidiaries, (CardCall International,
CyberFax  Inc., Privilege Enterprises Limited and The Travel  Source,
Limited)and  R&D Scientific and Muller Media as if the  purchase  and
sale  agreement with R&D Scientific and stock purchase agreement with
Muller   were   completed.   Material   intercompany   balances   and
transactions have been eliminated in consolidation.

The   results  of  operations  for  the  periods  presented  are  not
necessarily  indicative of the results to be expected  for  the  full
year.   The  accompanying  financial statements  should  be  read  in
conjunction  with the Company's form 10-K filed for  the  year  ended
March 31, 1997.

Income  (loss)  per  share was computed using  the  weighted  average
number of common shares outstanding.

NOTE 2. CardCall International Holdings Inc.
--------------------------------------------

In  1997  DCI  and CardCall International Holdings Inc.  ("CardCall")
entered  into  discussions  regarding  the  combination  of  the  two
companies. CardCall, a Delaware corporation, is the parent company of

                                   6

<PAGE>

CardCaller  Canada  Inc.,  a Canadian corporation,  and  CardCall(UK)
Limited  incorporated under the laws of the United Kingdom.  CardCall
is  in  the business of designing, developing and marketing,  through
distributors, prepaid phone cards which provide the cardholder access
to  long distance service through its switching facility. In February
1997, the Company invested $1,500,000 in CardCall. The Company raised
this money through the issuance of DCI convertible preferred stock to
certain shareholders of CardCall.

Subsequent to March 31, 1997 CardCall agreed to accept DCI's offer to
purchase  all of the issued and outstanding common shares (8,238,125)
and  warrants  of  CardCall. In connection with this transaction  for
each  100  shares of common stock of CardCall held by a  shareholder,
DCI  will  issue up to 6 shares of common stock (subject  to  certain
conditions upon conversion of Series C Preferred Stock) and a warrant
to purchase 9 shares of common stock for $4.00 per share on or before
February 28, 2001.

In  addition, each shareholder of CardCall may acquire 85  shares  of
DCI  common stock under a subscription agreement for each 100  shares
of CardCall held by such shareholder on or before July 31, 1997 at  a
purchase  price of $.20 per share. Such options expire on  April  30,
2002.

NOTE 3.  Acquisition of R&D Scientific Corp.
--------------------------------------------

On June 19, 1995, DCI entered into an agreement to acquire the common
stock  of  R&D Scientific Corp. (R&D), a New Jersey Corporation,  for
106,250 shares (to be adjusted on or before December 31, 1997  for  a
value of $1,700,000).  The shares are to be exchanged subject to  the
condition  that  the  Company  make a cash  infusion  requirement  of
$150,000 to R & D.  Such shares remain in escrow but are included  in
outstanding  common  stock for the period ended June  30,  1997.  The
Company was granted an extension until December 31, 1997 to make  the
cash  infusion of $150,000, required by the agreement,  in  order  to
consummate  the  transaction  with  R&D.  In  consideration  for  the
extension,  R&D  has  the right to terminate the  purchase  and  sale
agreement  at  its  sole  discretion prior to  DCI  making  the  cash
infusion. As of June 30 1997, $90,000 of the cash infusion  has  been
made.

                               7
<PAGE>

The Company's financial statements include the operations of R&D from
June  19,  1995,  the  date of the purchase and sale  agreement.  The
financial statements do not include any adjustments that might result
from the termination of the purchase and sale agreement.


NOTE 4.  Acquisition of Muller Media, Inc.
------------------------------------------

On  November  26,  1996, DCI entered into a stock purchase  agreement
with  Muller Media, Inc. (Muller), a New York corporation, to acquire
100%  of the outstanding common stock of Muller in a stock for  stock
purchase,  with  DCI  exchanging one  million  two  hundred  thousand
(1,200,000)  shares of common stock for all of the shares  of  Muller
capital  stock.  The DCI stock was valued at two  dollars  and  fifty
cents ($2.50) per share ($3 million in total).

The  shares  of  both companies have been deposited  with  an  escrow
agent.  DCI must repurchase the shares, if Muller exercises  a  "put"
option  which commences on the earlier of 120 days from December  27,
1996,  unless  an extension is requested by DCI, which Muller  cannot
unreasonably withhold, or 14 days after DCI has received an aggregate
of $3,000,000 in net proceeds from the sale of its capital stock.  An
extension  was  granted  by Muller through December  31,  1997.   The
selling stockholders have an option to keep DCI stock or accept up to
$3,000,000  in  cash from DCI. Muller is a distributor of  syndicated
programming and motion pictures to the television and cable industry.
The acquisition has been accounted for as a purchase.

NOTE 5.  Common and Preferred Stock
-----------------------------------

During  the  three  months ended June 30, 1997, the  holders  of  198
shares  of  Series C Convertible Preferred Stock elected  to  convert
into  common shares, resulting in the issue of 115,126 common shares.
In addition, options to purchase 370,000 common shares were exercised
during the quarter.


                                  8
<PAGE>

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

Overview
--------

The  following  discussion  and analysis  provides  information  that
management believes is relevant to an assessment and understanding of
DCI  Telecommunications, Inc. and its subsidiaries (collectively, the
Company),  consolidated results of operations and financial condition
for  the  three months ended June 30, 1997. The discussion should  be
read   in  conjunction  with  the  Company's  consolidated  financial
statements and accompanying notes.

The Company, since its recent acquisitions, operates predominantly in
the   telecommunications  industry  providing  a   broad   range   of
communication service. The Company's services include long  distance,
cellular   as   well  as  Internet  connections.  Through   continued
investments  and fiscal 1997 business acquisitions, the  Company  has
expanded its business into rapidly developing markets.

Recent Acquisitions
-------------------

The acquisition of CardCall International and CyberFax in the quarter
ended  June 30, 1997 were accounted for under the purchase method  of
accounting  under  both  U.S. and United Kingdom  generally  accepted
accounting   principles.   The   Company   believes   that   CardCall
International,  operating  with  the  combined  networks,   financial
resources,  management,  personnel and  technical  expertise  of  the
Company,  CyberFax  and  DCI  UK Limited,  will  be  better  able  to
capitalize   on   the   world  wide  growth  opportunities   in   the
telecommunications industry. In addition, the Company  expects  these
companies will be able to derive significant advantages from the more
efficient  utilization  of  their  combined  assets,  management  and
personnel.


                                   9
<PAGE>

Liquidity and Capital Resources
-------------------------------

On  December  30, 1994 and January 5, 1995 the Company  acquired  the
assets  of  Sigma Telecommunications and Alpha Products  through  the
issue  of  1,330,000 shares of common stock, and renamed the  Company
DCI  Telecommunications,  Inc.  The liabilities  remaining  from  the
former  Fantastic Foods International, Inc. at acquisition  left  the
Company   with   negative  working  capital  and   little   financing
capability. In June 1995 the Company acquired R&D Scientific  and  in
November 1996 acquired Muller Media, both through the issue of common
stock.  The acquisitions, particularly Muller Media, greatly improved
the  Company's financial position and at March 31, 1997  the  current
ratio  was  a  positive  1.9 to 1 and cash on  hand  was  $1,300,000.
However,  with  the  acquisition  of CardCall  International  in  the
quarter ended June 30, 1997, the Company's current ratio dropped to a
negative position.

Cash  used in operations was $771,000 in the three months ended  June
30,  1997.  The Company was able to partially overcome this shortfall
by  proceeds  from the exercise of stock options, and  advances  from
stockholders totaling $440,000.

While  CyberFax  had limited operations during the  quarter,  it  has
secured nine contracts in four countries for its real time fax to fax
transmission  packages.  CardCall UK is  expanding  its  distribution
network to vending machines and CardCaller Canada is embarking  on  a
prepaid  cellular phone program. All of these programs  will  require
significant cash to finance the expansion plans.

The  Company  is  continuing to pursue long-term  financing  for  its
acquisition and expansion program. However, no assurance can be given
that additional financing will be available or, if available, that it
will  be  on  acceptable terms. The ability to finance  all  new  and
existing operations will be heavily dependent on external sources.

Consolidated Results of Operations
----------------------------------

All of the variances in the results of operations are predominantly
due to the addition of CardCall International in the quarter ended
June 30, 1997.

                                  10

<PAGE>

                           PART II
                      OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS.
          Not applicable.

ITEM 2.  CHANGES IN SECURITIES.
          Not applicable.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES.
          Not applicable.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
          Not applicable.

ITEM 5.  OTHER INFORMATION.
          Not applicable.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.
          Page 12.



                               11

<PAGE>

ITEM 6 - Exhibits and Reports on Form 8K

On  April  18,  1997 the Company filed a Form 8K which described  the
acquisition of CyberFax Inc.




                                   12

<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 thereunto duly authorized.

                                      DCI TELECOMMUNICATIONS, INC.
                                              (Registrant)


Dated: August 19, 1997             By: Joseph J. Murphy
                                        ----------------
                                        Joseph J. Murphy
                                        President

                                    By: Russell B. Hintz
                                        ----------------
                                        Russell B. Hintz
                                        Chief Financial Officer