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 quarterly period ended September 30, 1998

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

         For the transition period from _____  to _____
                                        

                        Commission file number 001-13559


                      Restaurant Teams International, Inc.
                      ------------------------------------
                 (Name of small business issuer in its charter)

         Texas                                       75-2337102
(State of other jurisdiction of             (I.R.S. Employer Identification No.)
 incorporation or organization

     1705 E. Whaley, Longview, Texas                  75605
(Address of principal executive offices)            (Zip Code)

                    Issuer's telephone number (903) 758-2811


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[ ]


Number of shares outstanding of each of the issuer's classes of common stock, as
of November 17, 1998: 6,515,414 shares of common stock, par value $.01.



<PAGE>


<TABLE>

<CAPTION>

                      RESTAURANT TEAMS INTERNATIONAL, INC.


                                                                                                          Page  No.
                                                                                                          ---------
<S>               <C>                                                           <C>                         <C>

PART I            FINANCIAL INFORMATION..........................................................           2

Item 1.           Financial Statements...........................................................           2
                  --------------------                  

                  Condensed Balance Sheet for the Nine Month Period
                  Ended September 30, 1998.......................................................           2

                  Condensed Income Statement For Three Month and
                  Nine Month Periods Ended September 30, 1997 and September 30, 1998.............           4

                  Condensed Statement of Cash Flows for the Nine Month
                  Periods Ended September 30, 1997 and September 30, 1998........................           5

                  Notes to Interim Condensed Financial Statements (Unaudited)....................           6

Item 2.           Management's Discussion and Analysis of
                  ---------------------------------------
                  Financial Condition and Results of Operations..................................           7
                  ---------------------------------------------

PART II           OTHER INFORMATION..............................................................           10

Item 1.           Legal Proceedings..............................................................           10
                  -----------------

Item 6.           Exhibits and Reports on Form 8-K...............................................           10
                  --------------------------------

Signatures        ...............................................................................           11

Exhibit Index     ...............................................................................           12

</TABLE>








<PAGE>

<TABLE>
<CAPTION>

                         PART I - FINANCIAL INFORMATION

Item 1:  FINANCIAL STATEMENTS

                      Restaurant Teams International, Inc.
                             Condensed Balance Sheet
                         For the Nine Month Period Ended
                               September 30, 1998

                                                                                      -------------    -------------
                                                                                        December 31,   September 30,
                                                                                            1997         1998
                                                                                                    
                                                                                        (Restated  
                                                                                         Unaudited)    (Unaudited)  
<S>                                                                                   <C>              <C>

         ASSETS

     CURRENT ASSETS

                                                                                         
Cash...........................................................................       $     20,373     $    787,610   
                                                                                      ------------     ------------
Inventory......................................................................             26,571           60,601 
                                                                                      ------------     ------------  
     Total Current Assets......................................................             46,944          848,211

     PROPERTY AND EQUIPMENT (Pledged)
Buildings......................................................................          3,774,141        5,829,058
Land...........................................................................            135,000          385,000
Leasehold Improvements.........................................................             30,113           30,113
                                                                                      ------------     ------------
Vehicles and Equipment.........................................................          1,250,302        2,568,697
     Total Property and Equipment..............................................          5,189,556        8,812,868

                                                                                      ------------     ------------
Accumulated Depreciation.......................................................           (430,325)        (539,893)

                                                                                      ------------     ------------
     Property and Equipment - Net..............................................          4,759,231        8,272,975

     OTHER ASSETS

Assets Held for Sale, Net of Accumulated Depreciation..........................            909,835                0
Corporate Organization Costs and Other Assets,                                              32,651           58,950
 Net of Accumulated Amortization...............................................
Notes Receivable - Related Parties.............................................            164,543           75,000
                                                                                      ------------     ------------
     Total Other Assets........................................................          1,107,029          133,950
 
                                                                                      ============     ============
     TOTAL ASSETS..............................................................         $5,913,204       $9,255,136
                                                                                    


                                       2


<PAGE>


                      Restaurant Teams International, Inc.
                             Condensed Balance Sheet
                         for the Nine Month Period Ended
                               September 30, 1998
(Continued)
                                                                                     ------------    -------------
                                                                                     December 31,    Septebmer 30,
                                                                                         1997          1998      
                                                                                    
                                                                                     (Restated       (Unaudited)
                                                                                     Unaudited)
        LIABILITIES AND SHAREHOLDERS EQUITY

     CURRENT LIABILITIES
Accrued Expenses...............................................................       $    340,635      $    45,236
Accounts Payable...............................................................             52,864           56,891
Bank Overdraft.................................................................             48,104               --
Note Payable - Short Term......................................................             10,249               --
Income Tax Payable.............................................................              8,800            8,800
Current Portion of Capital Lease Obligations...................................              6,175                0
                                                                                      ------------     ------------
Current Portion of Notes Payable - Long Term...................................            465,015          292,604
     Total Current Liabilities.................................................            931,842          403,531

     OTHER LIABILITIES
Capital Lease Obligations, Net of Current Portion..............................            165,504                0
Notes Payable - Long Term, Net of Current Portion..............................          1,101,437        2,126,874
Deferred Income Tax Liability..................................................            121,200          121,200
                                                                                      ------------     ------------ 
     Total Other Liabilities...................................................          1,388,141        2,248,074
                                                                                      ------------     ------------
     Total Liabilities.........................................................          2,319,983        2,651,605
                                                                                
     SHAREHOLDERS EQUITY

Common Stock, $.01 Par Value; 50,000,000 Shares Authorized;                                 
  6,515,414 Shares Issued and Outstanding......................................             61,585           65,154  
Additional Paid In Capital.....................................................          3,278,499        6,244,071
Retained Earnings - Prior......................................................            135,001          254,387
Retained Earnings - Current....................................................            119,386          603,861
                                                                                      ------------     ------------
Less Treasury Stock, at Cost...................................................             (1,250)        (563,942)
                                                                                      ------------     ------------
     Total Shareholders Equity.................................................          3,593,221        6,603,531

                                                                                      ============     ============
     TOTAL LIABILITIES AND SHAREHOLDERS EQUITY.................................         $5,913,204       $9,255,136
                                                                                    

</TABLE>


                                       3

<PAGE>

<TABLE>


<CAPTION>

                      Restaurant Teams International, Inc.
                           Condensed Income Statement
                For the Three Month and Nine Month Periods Ended
                    September 30, 1997 and September 30, 1998



                                                              Three Months Ended             Nine Months Ended
                                                                 September 30,                  September 30,
                                                           ----------   ----------       ----------      ----------
                                                              1997         1998              1997          1998
                                                            (Restated   (Unaudited)       (Restated      (Unaudited)
                                                           Unaudited)                     Unaudited)
<S>                                                        <C>          <C>              <C>            <C>     

SALES...............................................       $  827,288   $ 1,076,110      $ 2,351,110    $ 2,816,946
  EXPENSES
Food and Beverage Costs.............................          225,244       303,374          651,621        776,985
Salaries and Contract Labor.........................          203,529       306,993          622,101        743,872
Payroll and other Taxes.............................           24,113        50,822           88,803        125,093
Professional Fees...................................            4,182        12,590           86,001         40,105
Advertising and Promotional.........................           10,806        37,166           49,512         79,606
Rent................................................           39,162        65,623          109,114        174,186
Insurance...........................................           15,382        21,691           38,149         56,400
Telephone...........................................           10,818        13,932           28,638         25,224
Travel..............................................            2,482         2,165           10,557          9,053
Utilities...........................................           19,863        27,437           66,116         74,386
Depreciation........................................           51,515        38,800          141,680        109,568
Amortization........................................           18,650        18,000          230,416         49,417
Interest............................................           26,416        55,877           83,001        133,611
Linen and Laundry...................................            6,649        12,008           22,879         35,625
Repairs and Maintenance.............................           16,312        10,924           50,795         46,578
Supplies............................................            6,356         7,823           19,707         28,665
                                                           ----------    ----------       ----------     ----------                 
Miscellaneous.......................................            1,003           806            9,878          6,886 
                                                           ----------    ----------       ----------     ---------- 
     Total Expenses.................................          682,482       986,031        2,308,968      2,515,260
              
     OPERATING INCOME (LOSS)........................          145,806        90,061           42,142        301,686

     OTHER INCOME/(EXPENSE)

Profit/(Loss) on Sale of Assets.....................               11         1,763               11        263,330

Rental Income.......................................                -        10,758                -         38,844

Income Tax (Expense) Benefit:

     Current........................................                -             -                -              -  
                                                           ----------    ----------       ----------     ----------
     Deferred.......................................                -             -                -              -             
                                                           ----------    ----------       ----------     ---------- 
     NET INCOME.....................................         $145,817      $102,557          $42,153       $603,861

Basic Earnings Per Share............................     $       .023  $       .016      $      .007    $      .093
Diluted Earnings Per Share..........................     $       .021  $       .013      $      .006    $      .074

</TABLE>

                                       4


<PAGE>

<TABLE>

<CAPTION>


                      Restaurant Teams International, Inc.
                        Condensed Statement of Cash Flows
                        For the Nine Month Periods Ended
                    September 30, 1997 and September 30, 1998

                                                                                         
                                                                              September         September   
                                                                                30,1997          30, 1998 
                                                                             ----------        ----------
                                                                              (Restated 
                                                                             (Unaudited)       (Unaudited)
<S>                                                                          <C>                <C>

                                                                             
Cash Flows from Operating Activities:

     Net Income (Loss)............................................           $   42,153         $  603,861
 
Adjustments to Reconcile Net Income to
  Net Cash Provided by Operating Activities:
     Depreciation.................................................              141,680            109,568
     Amortization.................................................              230,416             49,417
    
     Net Change in Assets and Liabilities:
         Decrease / (Increase) in Inventory.......................              (46,769)           (34,030)
         (Decrease) / Increase in Accounts Payable................                4,956              4,027
                                                                             ----------         ----------
         (Decrease) / Increase in Accrued Expenses................              (31,011)          (295,399)
                                                                             ----------         ----------
     Total Adjustments............................................              299,272           (166,417)
                                                                             ----------         ----------
         Net Cash Provided by Operating Activities................              341,425            437,444
                                                                      
Cash Flows from Investing Activities:
     Capital Expenditures.........................................           (1,140,747)        (3,623,312)
     Expenditures for Preopening/Remodel Costs                                  (88,099)                 0
       and other Assets...........................................
     (Increase) / Decrease in Notes Receivable....................              (25,521)            89,543
     Increase in Deferred Franchise System Costs..................              (39,969)                 0
                                                                             ----------         ----------
     Net Proceeds from Sale of Assets.............................                   11            605,673
                                                                             ----------         ----------
          Net Cash Used in Investing Activities....................         (1,294,3251)        (2,928,096)
       
Cash Flows from Financing Activities:
     Repurchase of Common Stock                                                       0
     Sale of Common Stock.........................................              959,500
     Borrowing on Notes Payable...................................              223,663          1,433,026
                                                                             ----------         ----------
     Principal Payments on Notes Payable..........................             (166,585)          (580,000)
 
         Net Cash Provided by Financing Activities................            1,016,578          3,257,889
         
     NET INCREASE / (DECREASE) IN CASH............................               63,678            767,237

     CASH AT BEGINNING OF YEAR....................................               18,967             20,373
                                                                             ==========         ==========
     CASH AT END OF PERIOD........................................              $82,645           $787,610


</TABLE>


                                       5
 
<PAGE>



                      Restaurant Teams Internatioanl, Inc.
                 Notes To Interim Condensed Financial Statements
                         For the Nine Month Period Ended
                               September 30, 1998
                                   (Unaudited)

Note 1.    Basis of Presentation

           The condensed financial statements of Restaurant Teams International,
           Inc. (the  ACompany@) as of September 30, 1997 and September 30, 1998
           have  been  prepared  by  the  Company,  pursuant  to the  rules  and
           regulations of the Securities  and Exchange  Commission.  The Company
           owns and operates four  restaurants  under the names of AFresh=n Lite
           Cafe & Grill@ and AStreet Talk Cafe.@

           The information furnished herein reflects all adjustments (consisting
           of normal  recurring  accruals  and  adjustments)  which are,  in the
           opinion  of  management,  necessary  to fairly  state  the  operating
           results for the respective periods.  However, these operating results
           are not necessarily  indicative of the results  expected for the full
           fiscal year. Certain  information and footnote  disclosures  normally
           included in annual financial  statements  prepared in accordance with
           generally accepted  accounting  principals have been omitted pursuant
           to such rules and regulations.  The notes to the condensed  financial
           statements  should  be read in  conjunction  with  the  notes  to the
           financial  statements contained in the Form 10-SB/A-3 filed on August
           14,  1998.  Company  management  believes  that the  disclosures  are
           sufficient for interim financial reporting purposes.

Note 2.    Sale of Restaurant Facility

           On March 17,  1998,  the Company  sold its  facility in  Nacogdoches,
           Texas.  The  Company  realized a gain of $111,593 on the sale of this
           facility which was previously classified as Aassets held for sale.@

           On June 29, 1998, the Company sold its facility in Texarkana,  Texas.
           The Company  realized a gain of $150,000 on the sale of this facility
           which was previously classified as Aassets held for sale.@

           On August 4, 1998, the Company sold its facility in Longview,  Texas.
           The  Company  realized a gain of $1,763 on the sale of this  facility
           which was previously classified as "assets held for sale."

Note 3.    Other Events

           On November 9, 1998 the Company  filed suit in Federal  Court against
           its debenture  holders claiming among other things  misrepresentation
           by the  debenture  holders and their  agents in the  promotion of the
           debenture to the Company and  violation of certain  state and federal
           securities  laws. The Company is seeking a recision of the debentures
           and damages.

           On November  11, 1997 the  Company's  board of  directors  approved a
           stock  repurchase  program for up to 250,000  shares of the Company's
           common stock.

Note 4.    Explanation of Restated Financial Statements

           The december 31, 1997 and the September 30, 1997 financial statements
           are    represented   as   restated  due to  the  reclassification  of
           capitalized leases as oprating leases.



                                       6

<PAGE>


Item 2:    MANAGEMENT'S DISCUSSION AND ANALYSIS OF
           FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward-Looking Statements

         This  Quarterly   Report  on  Form  10-QSB  includes   Aforward-looking
statements@  within the meaning of Section 27A of the Securities Act of 1933, as
amended (the ASecurities  Act@), and Section 21E of the Securities  Exchange Act
of 1934, as amended (the AExchange Act@),  which can be identified by the use of
forward-looking  terminology  such as,  Amay,@  Abelieve,@  Aexpect,@  Aintend,@
Aanticipate,@  Aestimate@  or  Acontinue@  or  the  negative  thereof  or  other
variations  thereon  or  comparable  terminology.   All  statements  other  than
statements of historical fact included in this Form 10-QSB, are  forward-looking
statements.  Although the Company  believes that the  expectations  reflected in
such  forward-looking  statements are reasonable,  it can give no assurance that
such  expectations  will  prove to have been  correct.  Important  factors  with
respect to any such  forward-looking  statements,  including  certain  risks and
uncertainties  that could cause  actual  results to differ  materially  from the
Company's  expectations  (ACautionary  Statements@)  are  disclosed in this Form
10-QSB,  including,  without limitation, in conjunction with the forward-looking
statements  included in this Form 10-QSB,  and in the Company's Annual Report on
Form  10-KSB/A-1  for the year ended December 31, 1997.  Important  factors that
could   cause   actual   results  to  differ   materially   from  those  in  the
forward-looking  statements herein include,  but are not limited to, the newness
of the Company,  the need for additional capital and additional  financing,  the
Company's limited restaurant base, lack of geographic diversification, the risks
associated with expansion, a lack of marketing experience and activities,  risks
of franchising,  seasonability,  the choice of site  locations,  development and
construction delays, need for additional  personnel,  increases in operating and
food costs and  availability  of  supplies,  significant  industry  competition,
government  regulation,  insurance claims and the ability of the Company to meet
its stated  business  goals.  All  subsequent  written and oral  forward-looking
statements  attributable  to the  Company  or  persons  acting on its behalf are
expressly qualified in their entirety by the Cautionary Statements.

         The following  discussion  of the results of  operations  and financial
condition  should  be read in  conjunction  with the  Financial  Statements  and
related Notes thereto included herein.

Overview

         The Company was organized in June 1990 as Bosko's,  Inc. under the laws
of the State of  Delaware.  In  November  1992 the  Company  changed its name to
Fresh=n  Lite,  Inc.,  and in  November  1995 the  Company  merged  into a Texas
corporation  also bearing the name Fresh=n Lite,  Inc. On September 18, 1998 the
Company  changed  it's name to  Restaurant  Teams  International,  Inc.  to more
accurately   reflect  the  direction   management  is  taking  with  respect  to
positioning  the  Company  as  a  multi-concept  holding  company.  The  Company
currently owns and operates one Fresh=n Lite Cafe & Grill restaurant,  in Irving
(Valley Ranch) and three Street Talk Cafe restaurants in Dallas, Richardson, and
The Colony, Texas. The Company plans to expand by opening additional Street Talk
Cafe restaurants on a Company-owned  basis in the Dallas/Ft.  Worth  demographic
market area.  Additionally,  on October 15, 1998 the Company, through its wholly
owned subsidiary RTOSF, Inc. entered into definitive agreements to purchase 100%



                                       7

<PAGE>

of the assets of the Old San  Francisco  Steak House chain which  operates  four
company-owned units in Dallas,  Austin, San Antonio, and Houston,  Texas and has
licensees in Las Vegas, NV, Oklahoma City, OK, and Atlanta, GA.




Results of Operations

         Comparison of Three Months Ended September 30, 1997 and 1998

         Revenues.  For the three months ended September 30, 1998, the Company's
revenues  increased 30% from $827,285 in the same period of 1997 to  $1,076,110.
The increase in revenues was due to the fact that the Valley Ranch location only
operated  for 72 months of the same period in 1997 and The Colony  facility  was
not operating during the same period of 1997. The Company attributes the further
increase to increased promotion associated with Chad Hennings=  involvement with
the Company.  The Fresh=n Lite restaurant at Preston and Frankford,  which would
have been able to  demonstrate  same store sales,  was closed for 15 days during
the period in order to convert it to a Street Talk Cafe concept.

         Costs and Expenses. Costs and expenses for the three month period ended
September  30,  1998  increased   44.5%  from  $682,482  to  $986,031  from  the
corresponding  period of 1997.  This was primarily due to an increase in general
and  administrative  expenses in preparation  for the acquisition of the Old San
Francisco  Steak  House  chain,   increased  interest  expense,   and  increased
advertising  costs. Other variances between the costs and expenses for the three
month periods are minimal.

         Net  Income.  The  Company  had net income for the three  months  ended
September  30,  1998 of  $90,061  compared  to net  income of  $145,086  for the
corresponding  three  months of 1997,  representing  $.016 and $.023 per  share,
respectively. Earnings per share figures are based on basic earnings per share.

         Comparison of Nine Months Ended September 30, 1997 and 1998

         Revenues.  For the nine  months  ended  September  30,  1998,  revenues
increased  19.8% from  $2,351,110 in the same period of 1997 to $2,810,946.  The
increase in revenues  was due to the fact that the Valley  Ranch  location  only
operated  for 72 months of the same period in 1997 and The Colony  facility  was
not operating during the same period of 1997. The Company further attributes the
increase to increased promotion associated with Chad Hennings=  involvement with
the Company.

         Costs and Expenses.  Costs and expenses for the nine month period ended
September  30,  1998  increased  8.9% from  $2,308,968  to  $2,515,260  from the
corresponding  period of 1997.  This was primarily due to an increase in general
and  administrative  expenses in preparation  for the acquisition of the Old San
Francisco  Steak  House  chain,   increased  interest  expense,   and  increased
advertising  costs. Other variances between the costs and expenses for the three
month periods are minimal.

         Net Income.  The  Company  had a net income for the nine  months  ended
September  30,  1998 of  $603,861  compared  to a net income of $42,153  for the



                                       8

<PAGE>

corresponding  period of 1997,  a 1433% gain,  representing  $.093 and $.007 per
share, respectively.  Earnings per share figures are based on basic earnings per
share.

Liquidity and Capital Resources

         Historically,  the Company has required  capital to fund the operations
and capital expenditure requirements of its Company-owned restaurants.

         From January 4, 1995 through  December 12, 1997,  the Company  received
gross  proceeds  from  an  intra-state  offering  of  $2,219,500.  Approximately
$287,600 of the proceeds were used to cover offering-  related costs,  including
underwriting discounts and commissions. The net proceeds were used primarily for
the acquisition of the Company's corporate offices.  The remaining proceeds were
used to develop additional restaurants and for general corporate purposes.

        The Company met fiscal 1997 capital requirements with cash generated by
operations,  the proceeds from the  intra-state  offering and borrowing on notes
payable.  In  fiscal  1997  the  Company's  operations  generated  approximately
$644,352 in cash,  as compared to $551,804 in fiscal 1996 and $461,811 in fiscal
1995. The Company's  restaurant  operations are labor  intensive and do not have
significant  receivables or inventory.  The Company  receives trade credit based
upon negotiated  terms in purchasing  food and supplies and ordinarily  operates
with a relatively small level of working capital.

         The Company's  principal  capital  requirements  are the funding of new
restaurant  development or acquisitions and remodeling of existing units. During
fiscal 1997, the Company  constructed and opened one unit in The Colony,  Texas,
and began construction of a second unit in Richardson,  Texas, and purchased its
corporate  offices  facility.   The  total  capital  outlay  for  the  year  was
$2,288,392.  Opening additional Company-owned  restaurants is a key component of
its expansion strategy.

         The Company is currently  operating  out of cash flow from  operations.
The Company completed two private placements of A Debentures and B Debentures on
May 29, 1998 and June 29,  1998,  respectively,  providing  net  proceeds to the
Company of  $2,670,000.  The proceeds were used to fund the Company's  expansion
strategy of opening additional Street Talk Cafe restaurants in the Dallas market
area. The Company is currently  seeking a recision of said debentures  through a
law suit filed in Federal court on November 9, 1998.

Plan of Operations

         The Company has planned the following  operations for the 1998 calendar
year, including:

     (i)  Open one  additional  Street  Talk  Cafe  restaurant  at  location  in
          Addison, Texas
     (ii) Begin the conversion of an additional  Street Talk Cafe  restaurant in
          Plano, Texas.
     (iii) Complete the acquisition of the Old San Francisco Steak House chain.

Employees

         The Company  expects to hire three full time  management  personnel and
thirty  part time  hourly  personnel  with the  opening  of each new  restaurant


                                       9

<PAGE>

operation.  The cost of these  personnel  should be 25% of the annual  operating
revenue  to be  generated  by each  operation.  The  initial  cost of hiring and
training of all personnel is covered in the store start up costs.




                           PART II - OTHER INFORMATION

Item 1.  LEGAL PROCEEDINGS

         Registrant  filed a lawsuit on  November  6, 1998 in the U.S.  District
Court for the Eastern District of Texas, Tyler Division,  Cause No. 6:98-CV-679,
styled  Restaurant  Teams  International,  Inc. v Dominion  Capital Fund,  Ltd.,
Canadian Advantage Limited Partnership,  Sovereign Partners Limited Partnership,
Corporate Capital  Management,  Thomson Kernaghan & Co., Ltd., Steve Hicks, Mark
Valentine,  and Mark Savage.  Registrant  alleges that the Defendants engaged in
fraudulent  activities in connection  with the issuance and sale of Registrant's
6% Convertible  Debentures in violation of Texas law, and in particular a breach
of the  representations  that  they  would  not  engage  in  short  sales of the
Registrant's common stock. Registrant seeks recision of the debentures and other
costs and damages in the action.  Pending the outcome of the suit Registrant has
tendered  recision of the debentures and will cease further payments thereon and
refuse to honor any request for conversion of such debentures.


Item 6.    EXHIBITS AND REPORTS ON FORM 8-K

          (a)  Hereafter  set  forth  as  an  exhibit  to  the  Form  10-QSB  of
               Restaurant Teams International, Inc. is the following exhibit:

                  No.        Description of Exhibit
                  ---        ----------------------

                  27         Financial Data Schedule
                  --         -----------------------


          (b)  Current Reports on Form 8-K:

               1.   Current  Reports  on Form 8-K  dated  November  4,  1998 and
                    September 10, 1998 pursuant to Item 5.


                                       10


<PAGE>


                                   SIGNATURES

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

                                     RESTAURANT TEAMS INTERNATIONAL, INC.
                                     (Registrant)


Date:  November 18, 1998        By:  /s/  Stanley L. Swanson
                                     -------------------------------------------
                                     Stanley L. Swanson, Chief Executive Officer
                                     (Duly Authorized Signatory)


Date:  November 18, 1998        By:  /s/  Curtis A. Swanson
                                     -------------------------------------------
                                     Curtis A. Swanson, Chief Financial Officer
                                     and Executive Vice President
                                     (Duly Authorized Signatory)







                                       11

<PAGE>



                                  EXHIBIT INDEX


No.               Description of Exhibit

16.1              Current  Report  on Form 8-K  dated  November  4,  1998 
                                                                         
99                Current  Report on  Form 8-K  dated September 10, 1998. 

27                Financial Data Schedule










                                       12