U.S. Securities and Exchange Commission                 
                        Washington, DC 20549                          
                            Form 10-Q SB
   
                           AMENDMENT NO. 1
    (Mark One)
     ( X )   QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE
                     SECURITIES EXCHANGE ACT OF 1934

            For the quarterly period ended December 31, 1995            

    TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE EXCHANGE ACT
        For the transition period from__________  to __________
           
                     Commission File Number 0-15937

                         GREATER CHINA CORPORATION
          (f / k / a  Brighton Information Systems Corporation)
        _____________________________________________________           
   (Exact name of small business issuer as specified in its Charter)
                                    
              Delaware                      22-3057451
          --------------                  ---------------
   State or other jurisdiction of        (I.R.S. Employer
   incorporation or organization)        Identification No.)

        27 East 61st Street   New York,  New York   10021
            (Address of principal executive offices)             

                       (212) 935-0561
                      -----------------
                 (Issuer's telephone number)
     ____________________________________________________________
    Former name, former address and former fiscal year, if changed 
    since last report)

  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  report), and (2)  has been subject to  such filing
  requirements for  the past  90 days.  Yes.....X.....  No..........

          APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
             PROCEEDINGS DURING THE PRECEDING FIVE YEARS
  Check whether the registrant filed all documents and reports required to
  be filed by Section 12, 13 or 15 (d) of the Exchange Act after the
  distribution of securities under a plan confirmed by a court.
                                        Yes..........  No..........

              APPLICABLE ONLY TO CORPORATE ISSUERS
  State the  number  of  shares outstanding  of  each  of  the Issuer's  
  classes  of  common  equity,  as of the latest practicable date:
  February 22, 1996  -  5,427,364
 
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                             GREATER CHINA CORPORATION
                (FORMERLY BRIGHTON INFORMATION SYSTEMS CORPORATION)
                                AND SUBSIDIARIES

                                 December 31, 1996

                   Notes to Consolidated Financial Statements
 
 NOTE 3 ----- ABILITY TO CONTINUE OPERATIONS

    The Company's consolidated financial statements have been prepared in 
    conformity with generally accepted accounting principles, which con-
    template continuation of the Company as a going concern.  The Company
    incurred a net loss of approximately $504,764 and $12,447 for the
    three month periods ending December 31, 1996 and 1995 respectively.
    Further, the Company has a deficiency in stockholders' equity of
    $1,413,388 and current liabilities exceed current assets by
    approximately $1,134,526 at December 31, 1995.

    In view of the matters discussed in the preceding paragraph, recover-
    ability of a major portion of the recorded asset amounts is dependent
    upon the Company's ability to operate profitably, obtain additional 
    financing and to generate sufficient cash flow to meet its obligations
    on a timely basis. The financial statements do not include any adjust-
    ments relating to the recoverability of recorded assets or amounts and 
    classification of liabilities that might be necessary should the Company
    be unable to continue as a going concern.

    The Company is actively seeking to raise additional funds from several 
    sources in order to develop the Company and further fund its activities.


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                             GREATER CHINA CORPORATION 
                 (FORMERLY BRIGHTON INFORMATION SYSTEMS CORPORATION)
                                AND SUBSIDIARIES             

                                  December 31, 1995         

                                  FORM 10Q-SB
                                 AMENDMENT NO. 1

                                    SIGNATURE             


  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.


                                 GREATER CHINA CORPORATION
                                ---------------------------
                                       Registrant


   October 15, 1996                 /s   PETER R. BARKER
  --------------                    ----------------------
     DATE                           By:  Peter R. Barker
                                          Treasurer







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