SECURITIES AND EXCHANGE COMMISSION
                       WASHINGTON, DC  20549

                         FORM 10-QSB

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

          For the quarterly period ended January 31, 1998

   [ ] 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 2-98997-NY


                 NOVA INTERNATIONAL FILMS,  INC.
    (Exact name of Small Business Issuer as Specified in its Charter)


Delaware                                               11-2717273
(State or other jurisdiction                     (I.R.S. Employer
of incorporation or                                Identification
organization)                                             Number)

                        6350 N.E. Campus Drive
                     Vancouver, Washington  98661
               (Address of Principal Executive Offices)

                          (360) 737-6800
         (Issuer's Telephone Number, including Area Code)

Check whether the Issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act 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

State the number of shares outstanding of each of the Issuer's classes of
common equity, as of the latest practicable date:

          Common, $.00001 par value per share: 73,583,000
                 outstanding as of March 12, 1998

<PAGE>

                PART I  -  FINANCIAL INFORMATION


Item 1.   Financial Statements


                  NOVA INTERNATIONAL FILMS, INC.

                  Index to Financial Information

                   Period Ended January 31, 1998



          Item                                         Page

Item 1 -  Financial Statements

          Balance Sheets                               3

          Statements of Operations                     4

          Statements of Cash Flows                     5

          Notes to Financial Statements                6-8

Item 2 -  Management's Discussion and Analysis
          or Plan of Operation                         9

<PAGE>

                  NOVA INTERNATIONAL FILMS, INC.
                          BALANCE SHEETS
                            (Unaudited)



                                    JANUARY 31,    OCTOBER 31,
                                    1998           1997

ASSETS

Cash                                $     7,556    $     9,126
Furniture and equipment at
 cost, less accumulated
  depreciation                                -              -

  Total assets                      $     7,556    $     9,126


LIABILITIES AND
STOCKHOLDERS'  EQUITY

LIABILITIES:

Accounts payable and
 accrued expenses                   $     1,800    $     2,800

  Total liabilities                 $     1,800    $     2,800

COMMITMENTS AND CONTINGENCIES                 -              -

STOCKHOLDERS' EQUITY:

Common Stock, $.00001
 par value; 100,000,000
 shares authorized,
 73,583,000 shares issued
 and outstanding,
 respectively.                      $       736    $       736
Additional paid-in capital            8,197,260      8,197,260
Accumulated deficit                  (8,192,240)    (8,191,670)

  Total stockholders' equity        $     5,756    $     6,326

  Total liabilities and
  stockholders' equity              $     7,556    $     9,126


      The accompanying notes are an integral part of these statements.
<PAGE>

                  NOVA INTERNATIONAL FILMS, INC.
               STATEMENTS OF OPERATIONS (Unaudited)


                                    For the Quarter  For the Quarter
                                    Ended            Ended
                                    Jan. 31, 1998    Jan. 31, 1997

REVENUES                            $         -      $         -
COSTS AND EXPENSES:
 General and administrative                 570              213
 Depreciation and amortization                -               97
                                           (570)            (310)

  OPERATING LOSS                           (570)            (310)
OTHER INCOME:
 Interest income                              -               71
                                              -               71
OTHER EXPENSES:
 Interest expense                             -                -
                                              -                -

(LOSS) BEFORE PROVISION
 FOR INCOME TAXES                          (570)            (239)

PROVISION FOR INCOME TAXES                    -                -
NET INCOME (LOSS)                   $      (570)     $      (239)

Net income (loss) per share             (.00001)     $   (0.0000)
Average no. of shares
 outstanding                         73,583,000       73,583,000

     The accompanying notes are an integral part of these statements.
<PAGE>

                  NOVA INTERNATIONAL FILMS, INC.
                     STATEMENTS OF CASH FLOWS
                    INCREASE (DECREASE) IN CASH
                            (Unaudited)


                                    For the          For the
                                    Quarter Ended    Quarter Ended
                                    Jan. 31, 1998    Jan. 31, 1997

Cash flows from
 operating activities:
Net loss                            $   (570)        $    (239)
Adjustments to reconcile
 net loss to net cash
 provided by operating
 activities:

Depreciation and
 amortization                              -                97

Net changes in assets
 and liabilities:

Accounts payable                      (1,000)            (200)

Total adjustments                     (1,000)            (103)

Net cash provided (used)
 by operating activities              (1,570)            (342)

Net (decrease) increase
 in cash                              (1,570)            (342)

Cash at beginning of period            9,126           14,797

Cash at end of period               $  7,556         $ 14,455


     The accompanying notes are an integral part of these statements.
<PAGE>

                  NOVA INTERNATIONAL FILMS, INC.
                  NOTES TO FINANCIAL STATEMENTS
                         JANUARY 31, 1998


1)    Nature of Business and Organization

Nova International Films, Inc. (the Company) was incorporated on November
27, 1984 in the State of Delaware.  The Company was formed for the purpose
of financing and producing motion pictures for distribution in the
theatrical, home video and pay and free television markets throughout the
world.

a.  Issuance of Common Stock

On January 2, 1986, the Company completed a public offering, whereby ten
million (10,000,000) units were sold at $.10 per unit, each unit consisting
of one (1) share of Common Stock, $.00001 par value, and one (1) Redeemable
Common Stock Purchase Warrant. These warrants have now lapsed.

b.  Disposition of Assets

On May 12, 1993 (the "Closing"), the stockholders of the Company approved
an Acquisition Agreement dated March 3, 1993 (the "Acquisition Agreement")
by and between the Company and Epic Productions, Inc. ("Epic"), pursuant to
which the Company sold, assigned, transferred and conveyed to Epic and Epic
acquired from the Company (i) all of the issued and outstanding shares of
capital stock of each of Byzantine Fire, Inc. a California corporation,
Wings of the Apache, Inc., a California corporation, and A/R Productions,
Ltd., a California corporation (collectively, the "Subsidiary
Corporations"); (ii)  all rights to the completed films "Triumph of the
Spirit", "Firebirds" and "Why Me?", (sometimes collectively herein the
"Completed Films"); and (iii) the Company's rights related to the film
project "Carlito's Way" and Jean Claude Van Damme.  In exchange therefor,
Epic assumed all debts and liabilities of the Company with respect to the
assets acquired, paid the Company the sum of $50,000, acquired the Bank
Loan from the Bank as described in Note #5 "Debt" and modified the loan
arrangements thereafter plus other indebtedness due Epic from the Company.

2)  General

The financial statements for the quarter ended January 31, 1998 and for the
year ended October 31, 1997 are unaudited.  However, it is management's
opinion that all adjustments necessary for fair presentation of these
financial statements have been made and are included herein.

<PAGE>

                   NOVA INTERNATIONAL FILMS, INC.
                   NOTES TO FINANCIAL STATEMENTS
                         JANUARY 31, 1998


3)  Summary of Significant Accounting Policies

a.  Financial Statement Presentation

In accordance with the provisions of Statement of Financial Accounting
Standards No. 53, the Company has elected to present an unclassified
balance sheet.

b.  Depreciation and Amortization

Furniture and equipment is recorded at cost and is depreciated on a
straight-line basis over the estimated useful lives of the related assets,
which is typically five year. All assets are fully depreciated as of
January 31, 1998.

c.  Per Share Amounts

Per share amounts are based on the weighted average number of shares
outstanding during the period.

5) Debt

In connection with the financing of the film "Triumph of the Spirit", the
Company was unable to pay Credit Lyonnais Bank Nederland N.V. (the "Bank")
the note payable (the "Bank Loan") incurred to finance such film at its
original maturity date of March 31, 1991.  The Company was able to
negotiate an extension of the maturity date of this note until September
30, 1991, but thereupon the Company became in default of its obligation.

Upon the Closing of the Acquisition Agreement, Epic acquired the Bank Loan
from the Bank and modified the payment terms of the Bank Loan assigned to
it and other indebtedness of the Company to Epic.  In October 1993, Epic
assigned and contributed to the capital of the Company all of such
indebtedness of the Company to Epic plus accrued and unpaid interest.  In
addition, at the Closing, $3 million of indebtedness (plus interest
thereon) under the Bank Loan was not acquired by Epic, pursuant to which
the Bank, Epic and the Company agreed that such portion of the Bank Loan
(The "Nonrecourse Obligations") be payable interest and then principal only
from operating receipts from "Triumph of the Spirit" which was acquired by
Epic pursuant to the Acquisition Agreement.

As of November 30, 1996, Nova assigned to Epic and Epic assumed the
remaining $3 million Nonrecourse Obligations plus interest thereon. As such
no interest was accrued for the fiscal year ended October 31, 1997 and the
quarter ended January 31, 1998.


                   NOVA INTERNATIONAL FILMS, INC.
                   NOTES TO FINANCIAL STATEMENTS
                         JANUARY 31, 1998


7)  Liquidity and Capital Resources

At the current time, the Company's sole means to pay for its overhead
operations is its existing cash reserves in the total amount of $7,556 as
of January 31, 1998.  Accordingly, the Company has significantly reduced
its overhead.

<PAGE>


Item 2.   Management's Discussion and Analysis
          or Plan of Operation.


     The Company had no revenues for the three months ended January 31,
1998 and 1997.  For the three months ended January 31, 1998, the Company
had a net loss of $(570) as compared to a net loss of $(310) for the three
months ended January 31, 1997.

     At the current time, the Company's sole means to pay for its overhead
operations is its existing cash reserves in the total amount of $7,556 as
of January 31, 1998.  Accordingly, the Company has significantly reduced
its overhead.  In connection therewith, the Company does not pay any
officer salaries and rent.  Its costs primarily include only those costs
necessary to retain its corporate charter, file necessary tax returns and
report to the Securities and Exchange Commission, and certain expenses in
seeking business opportunities.

     In addition, as a result of the closing of the Acquisition Agreement
(see Notes to the Financial Statements included elsewhere herein), the
Company has no current business operations and has begun and will continue
to seek another business opportunity.  As of the date of this report, the
Company has no agreement, understanding or arrangement to acquire or
participate in any specific business opportunity.  No assurance can be
given that the Company will be able to consummate any such arrangements or,
if consummated, that such business opportunity will be successful.
<PAGE>

                   PART II  -  OTHER INFORMATION

Item 1.   Legal Proceedings.

          None.

Item 2.   Changes in Securities.

          None.

Item 3.   Defaults Upon 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.

          (a)  Exhibits.

          There are no exhibits applicable to this Form 10-QSB.

          (b)  Reports on Form 8-K.

          Listed below are reports on Form 8-K filed during the quarter for
          which this report is filed:

          None.

<PAGE>

                            SIGNATURES


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



                                NOVA INTERNATIONAL FILMS, INC.
                                (Registrant)



Dated: March 16, 1998           By:  /s/William Rifkin
                                     William Rifkin,
                                     Chairman of the Board
                                     (Principal Executive Officer)



Dated: March 16, 1998           By:  /s/William Rifkin
                                     William Rifkin, Principal
                                     Financial Officer