SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                  ------------

                                  FORM 10-QSB
(Mark One)
   (X)     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                  THE SECURITIES EXCHANGE ACT OF 1934

              For the quarterly period ended September 30, 1995

                                   OR

   ( )     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 0-17018

                         STRATFORD AMERICAN CORPORATION
       (Exact name of small business issuer as specified in its charter)

           Arizona                                           86-0608035
(State or other jurisdiction of                           (I.R.S. Employer
incorporation or organization)                            Identification No.)

2400 E. Arizona Biltmore Circle, Building 2, Suite 1270, Phoenix, Arizona  85016
(Address of principal executive offices)                              (Zip Code)

Registrant's telephone number, including area code:                (602)956-7809
--------------------------------------------------------------------------------
Former  name,  former  address and former  fiscal  year,  if changed  since last
report.

Indicate by check mark 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
                                                                  ----    ----

At September  30,  1995,  84,076,806  shares of the  issuer's  common stock were
issued and outstanding.


Index to Exhibits is located at page 12 hereof.

<PAGE>


                         PART I. FINANCIAL INFORMATION

                          ITEM I. FINANCIAL STATEMENTS
                          ----------------------------



                                     INDEX
                                     -----

                                                                         Page
                                                                         ----

Consolidated Balance Sheet                                                 3

Consolidated Statement of Operations                                       4

Consolidated Statement of Changes in Shareholders' Equity                  5

Consolidated Statement of Cash Flows                                       6

Notes to Consolidated Financial Statements                                 7

<PAGE>


                         STRATFORD AMERICAN CORPORATION
                           CONSOLIDATED BALANCE SHEET

        ASSETS
        ------

                                                 September 30,      December 31,
                                                      1995              1994
                                                      ----              ----
                                                  (unaudited)
Current assets:
  Cash                                          $     434,000     $     505,000

  Accounts receivable, net                            260,000           318,000

  Other current assets                                145,000            40,000
                                                -------------     -------------

    Total current assets                              839,000           863,000



Restricted cash                                       735,000           601,000

Revenue earning vehicles, net                         316,000                --


Property and equipment, net                           217,000           222,000


Mining interests                                      375,000           375,000


Mortgages receivable                                  132,000           134,000


Other assets                                          266,000           158,000

Franchise rights, net                                316 ,000         2,174,000
                                                -------------     -------------

                                                $   3,196,000     $   4,527,000
                                                =============     =============

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
  Current portion of notes payable              $     518,000     $     364,000
  Accounts payable                                    847,000         1,288,000
  Accrued interest                                    244,000           172,000
  Accrued vehicle damage                                1,000           129,000
  Other accrued liabilities                           237,000           350,000
                                                -------------     -------------

    Total current liabilities                       1,847,000         2,303,000
                                                -------------     -------------

Notes Payable                                       1,659,000         3,528,000
                                                -------------     -------------

Investment in joint ventures and
  affiliated companies                                     --         2,091,000
                                                -------------     -------------

Minority interest in consolidated
  subsidiaries                                         34,000             7,000
                                                -------------     -------------

Shareholders' equity:
  Nonredeemable preferred stock,
   $.01 par value; shares authorized -
   50,000,000 shares

  Common stock, $.01 par value; shares
   authorized - 100,000,000 shares                    841,000           841,000
  Capital in excess of par                         25,780,000        25,780,000
  Retained earnings (deficit)                     (26,954,000)      (30,012,000)
  Less - 29,500 shares of common stock
    in treasury, at cost                              (11,000)          (11,000)
                                                -------------     -------------

                                                     (344,000)       (3,402,000)
                                                -------------     -------------
Commitments and contingent liabilities
                                                $   3,196,000     $   4,527,000
                                                =============     =============


The accompanying notes are an integral part of these financial statements.


<PAGE>

<TABLE>

                         STRATFORD AMERICAN CORPORATION
                      CONSOLIDATED STATEMENT OF OPERATIONS
                                  (unaudited)
<CAPTION>


                                                            For the three months           For the nine months
                                                             ended September 30,            ended September 30,
                                                            1995            1994           1995             1994
                                                            ----            ----           ----             ----

<S>                                                   <C>             <C>             <C>             <C>


REVENUES:
 Vehicle rental activities                            $  2,148,000    $  2,182,000    $  8,595,000    $  2,866,000
 Sports activities                                         233,000         261,000         801,000         823,000
 Rental property activities                                  8,000          32,000          52,000         113,000
 Oil and gas production                                      5,000          35,000          21,000         105,000
 Interest and other income                                  21,000          57,000          67,000          68,000
                                                      ------------    ------------    ------------    ------------

                                                         2,415,000       2,567,000       9,536,000       3,975,000
                                                      ------------    ------------    ------------    ------------

EXPENSES:
 Vehicle rental operations                               2,271,000       2,331,000       8,290,000       3,116,000
 Sports operations                                         251,000         274,000         807,000         878,000
 Rental property operations                                     --           4,000              --          42,000
 Production costs and taxes                                  1,000           6,000           3,000          46,000
 General and administrative                                121,000         121,000         530,000         349,000
 Depreciation, depletion and amortization                   25,000          42,000          59,000          84,000
 Interest                                                   50,000          93,000         164,000         163,000
 Equity in net loss of unconsolidated joint venture             --          71,000              --         285,000
 Minority interest in consolidated subsidiaries            (40,000)        (59,000)        27,0000        (110,000)
                                                      ------------    ------------    ------------    ------------

                                                         2,679,000       2,883,000       9,880,000       4,853,000
                                                      ------------    ------------    ------------    ------------

INCOME (LOSS) BEFORE INCOME TAXES                         (264,000)       (316,000)       (344,000)       (878,000)
                                                                --              --              --              --
INCOME TAX BENEFIT                                    ------------    ------------    ------------    ------------
                                                       
INCOME (LOSS) FROM CONTINUING OPERATIONS                  (264,000)       (316,000)       (344,000)       (878,000)

EXTRAORDINARY GAIN ON DEBT
   EXTINGUISHMENT                                               --         477,000       3,402,000         477,000
                                                      ------------    ------------    ------------    ------------

NET INCOME (LOSS)                                     $   (264,000)   $    161,000    $  3,058,000    $   (401,000)
                                                      ============    ============    ============    ============

Income (loss) per common share:
 Income (loss) from continuing operations             $      (0.00)   $      (0.00)   $      (0.00)   $      (0.00)
 Extraordinary gain on debt extinguishment                    0.00            0.00            0.04            0.00
                                                      ------------    ------------    ------------    ------------

 Net income (loss) per common share                   $      (0.00)   $       0.00    $       0.04    $      (0.00)
                                                      ============    ============    ============    ============


The accompanying notes are an integral part of these financial statements.

</TABLE>
<PAGE>

<TABLE>

                         STRATFORD AMERICAN CORPORATION

           CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
             FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1995 AND 1994
                                  (unaudited)

<CAPTION>



                                  Common            Capital        Retained          Treasury            Total
                                  ------                                             --------
                                                   in excess       earnings                           shareholders'
                             Shares     Amount       of par        (deficit)      Shares   Amount        equity
                             ------     ------      --------       ---------      ------   ------     -----------

<S>                       <C>         <C>         <C>            <C>              <C>     <C>         <C>

Balance,
  December 31, 1994       84,076,806  $841,000    $25,780,000    $(30,012,000)    29,500  $(11,000)   $(3,402,000)
  Net income                      --        --             --       3,058,000         --        --      3,058,000
                          ----------  --------    -----------    ------------     ------  --------    -----------         


Balance,
  September 30, 1995      84,076,806  $841,000    $25,780,000    $(26,954,000)    29,500  $(11,000)   $  (344,000)
                          ==========  ========    ===========    ============     ======  ========    =========== 



Balance,
  December 31, 1993       80,713,734  $807,000    $25,780,000    $(29,172,000)    29,500  $(11,000)   $(2,596,000)
  Net loss                        --        --             --        (401,000)        --        --       (401,000)
                          ----------  --------    -----------    ------------     ------  --------    ----------- 


Balance,
  September 30, 1994      80,713,734  $807,000    $25,780,000    $(29,573,000)    29,500  $(11,000)   $(2,997,000)
                          ==========  ========    ===========    ============     ======  ========    =========== 


The accompanying notes are an integral part of these financial statements.

</TABLE>
<PAGE>

<TABLE>

                         STRATFORD AMERICAN CORPORATION
                      CONSOLIDATED STATEMENT OF CASH FLOWS
                                  (unaudited)
<CAPTION>


                                                                        For the nine months ended
                                                                                September 30,
                                                                           1995            1994
                                                                           ----            ----
<S>                                                                   <C>            <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
 Net income (loss)                                                    $ 3,058,000    $  (401,000)
 Adjustments to reconcile net income (loss) to net cash provided by
   (used for) operating activities -
   Depreciation, depletion, and amortization                               59,000         84,000
   Equity in net loss of unconsolidated joint venture                          --        285,000
   Minority interest in consolidated subsidiaries                          27,000       (110,000)
   Extraordinary gain on debt extinguishment                           (3,402,000)      (477,000)
   Other                                                                    2,000         16,000
 Changes in assets and liabilities:
   Decrease in accounts and notes receivable                              133,000         33,000
   Increase in other current assets                                      (105,000)        (9,000)
   Increase in other assets, excluding property and equipment            (124,000)            --
   Increase (decrease) in accounts payable and accrued liabilities       (684,000)       109,000
                                                                      -----------    -----------

NET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES                   (1,036,000)      (470,000)
                                                                      -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
 Reduction (Addition) to restricted cash                                 (133,000)      (571,000)
 Proceeds from sale of rental property                                         --        265,000
 Proceeds from sale of joint venture property                           1,311,000             --
 Additions to property and equipment                                     (355,000)       (34,000)
 Acquisition costs                                                             --       (121,000)
 Net cash acquired in connection with Dollar Rent A Car purchase               --        292,000
                                                                      -----------    -----------

NET CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES                      823,000       (169,000)
                                                                      -----------    -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
 Proceeds from notes payable                                              227,000      1,253,000
 Repayment of notes payable                                               (85,000)      (336,000)

NET CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES                      142,000        917,000
                                                                      -----------    -----------

NET INCREASE (DECREASE) IN CASH                                           (71,000)       278,000

CASH, beginning of period                                                 505,000         82,000
                                                                      -----------    -----------

CASH, end of period                                                       434,000        360,000
                                                                      ===========    ===========

SUPPLEMENTAL SCHEDULE OF CASH FLOW INFORMATION:
    Interest paid                                                     $    80,000    $   102,000
                                                                      -----------    -----------

The accompanying notes are an integral part of these financial statements.

</TABLE>
<PAGE>


                         STRATFORD AMERICAN CORPORATION

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  (unaudited)

1.  In the  opinion of the  Company,  the  accompanying  unaudited  consolidated
    financial  statements  contain all  adjustments,  consisting  only of normal
    recurring adjustments, necessary to present fairly the financial position as
    of September 30, 1995,  and the results of operations and cash flows for the
    nine month  period  ended  September  30,  1995 and 1994.  The  accompanying
    statements do not include all  disclosures  considered  necessary for a fair
    presentation in conformity with generally  accepted  accounting  principles.
    Therefore,  it is recommended that these accompanying  statements be read in
    conjunction  with  the  notes  to  financial  statements  appearing  in  the
    Company's Form 10-KSB for the year ended December 31, 1994.

2.  The results of operations  for the nine months ended  September 30, 1995 are
    not necessarily  indicative of the results to be expected for the full year.
    The vehicle rental business in Phoenix is seasonal. Historically, the months
    of February through May have had the highest revenues.

3.  Earnings per share are based on  84,047,306  and  80,684,234  shares for the
    nine  months  ended  September  30, 1995 and 1994,  respectively,  excluding
    shares owned by the Company.  Common stock  equivalents  have been  excluded
    from  the   computation   as  the  effect  of  their   inclusion   would  be
    anti-dilutive.

4.  Effective  March 27, 1995,  the Company,  through a 50% owned joint venture,
    sold its  interest  in the  University  Center  property,  located in Tempe,
    Arizona. This sale culminated in the Company's successful efforts to dispose
    of its real estate  holdings and  eliminate all related debt. As a result of
    the sale, the underlying indebtedness, totaling $17,553,000 in principal and
    accrued  interest,  was completely  retired through  payments and reductions
    based on terms of a debt extinguishment agreement with First Interstate Bank
    of Arizona,  N.A. In addition,  past due management  fees written off by the
    Company from previous years, totaling $296,000, were collected and a loss of
    $1,065,000 was recognized as a result of the joint venture termination.  The
    net  effect  of  the  above  related  transactions  resulted  in a  gain  of
    $3,402,000  which  has  been  recorded  as  an  extraordinary  item  in  the
    accompanying Consolidated Statement of Operations.

5.  Effective  June 1,  1994,  the  Company,  through  an 80% owned  subsidiary,
    acquired the franchise rights to substantially all of the Arizona operations
    of Dollar Rent A Car. This  transaction was consummated in accordance with a
    May 19, 1994 Sale and  Purchase  Agreement  between  Stratford  American Car
    Rental  Systems,  Inc.  ("SCRS") and The John Douglas  Corporation  ("JDC"),
    Douglas F. and Bette Jane Mitchell and John Rector,  Jr. A License Agreement
    dated May 31, 1994 was also entered  into  between SCRS and Dollar  Systems,
    Inc., the Dollar Rent A Car franchisor. In addition to the franchise rights,
    the  acquisition  included cash,  accounts  receivable,  equipment and other
    assets  relating to the Arizona  operations of JDC as of May 31, 1994.  SCRS
    also assumed the May 31, 1994 JDC  accounts  payable,  accrued  expenses and
    other current  liabilities.  A $1.9 million note payable to Dollar  Systems,
    Inc.  was  executed  by SCRS  which  required  monthly  payments  of $18,000
    including  principal and interest at 8% and matured in June 2000. On May 16,
    1995 an  Assistance  Agreement  between  SCRS and Dollar  Systems,  Inc. was
    executed  which  served to readjust the value of the  franchise  acquisition
    previously  set.  Along with other license  concessions,  the remaining note
    payable  balance  to  Dollar  Systems,   Inc.,  totaling   $1,858,000,   was
    eliminated,  provided  that the Company does not default on any  obligations
    due to Dollar Systems,  Inc.  through the end of 1996, in which case half of
    the balance would become due in June 2000. As such,  the restated fair value
    of  the  related  assets  and  liabilities,   in  accordance  with  purchase
    accounting, are as follows:

         Accounts receivable                                         $  389,000
         Other current assets                                            19,000
         Equipment                                                      108,000
         Other assets                                                    70,000
         Franchise rights                                               381,000
         Accounts payable                                              (965,000)
         Other accrued liabilities                                     (252,000)
         Note payable - Dollar Systems, Inc.                            (42,000)
                                                                     ----------

            Net Cash Acquired                                        $  292,000
                                                                     ==========

    During  1994,  $1,275,000  in  proceeds  from 12%  subordinated  notes  were
    received to provide working capital, to pay for closing costs and to provide
    cash, reflected as restricted cash in the accompanying  Consolidated Balance
    Sheet,  to secure a  $750,000  letter  of credit  issued on behalf of Dollar
    Systems,  Inc. These notes require  quarterly  payments of interest only and
    mature on May 31, 1997. The note holders own the outstanding common stock of
    SCRS not owned by the Company.



<PAGE>


ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
--------------------------------------------------------------------

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

           In March 1995,  the Company sold its interest in  University  Center.
The net cash  proceeds  received  by the  Company  after  payment of all related
liabilities  amounted to $1,311,000.  See Note 4 to the  Consolidated  Financial
Statements  for  additional  information.  This sale  culminates  the  Company's
successful  efforts to dispose of its real estate  holdings  and  eliminate  the
related indebtedness.

           The Company  recognized a quarterly profit from its Dollar Rent A Car
operations for each of the three month periods ended March 31 and June 30, 1995,
and a  subsequent  loss for the three month  period  ended  September  30, 1995,
resulting in a net profit for the nine month period  ended  September  30, 1995.
The Dollar Rent A Car operations and franchise rights, as previously  disclosed,
were  acquired in June 1994.  The vehicle  rental  business is seasonal with the
months of  February  through May  typically  representing  the  highest  revenue
months.  The profit  from  operations  generated  for the first half of the year
reflect this seasonality. The vehicle rental business is also highly competitive
and  subject  to the  pressures  of both the  rental  rates and  fleet  sizes of
competitors as well as the  availability of a reasonably  priced fleet.  Efforts
are in place to  reduce  fleet and  other  operational  costs in order to attain
continued  profitability.  Management is in the process of acquiring  risk fleet
financing  from various  lenders in order to complement  the Company's  existing
fleet leasing  arrangement  with Dollar Systems,  Inc. As of September 30, 1995,
the Company has acquired  fifteen risk  vehicles  through fleet  financing  from
General Motors Acceptance Corporation.

           The Company anticipates meeting its cash flow needs from the proceeds
of University Center as previously  discussed and from continued improved Dollar
Rent A Car operations. However, as discussed above, this is in part dependent on
various factors outside the Company's control and, accordingly,  there can be no
assurance that either  profitability or adequate cash flows from operations will
be achieved.

Results of Operations - Nine Months Ended September 30, 1995, Compared with Nine
--------------------------------------------------------------------------------
Months Ended September 30, 1994
-------------------------------

           The  Company  reported  a net  loss of  $264,000  and net  income  of
$3,058,000  and net income of  $161,000  and a net loss of  $401,000  during the
three and nine month  periods ended  September 30, 1995 and 1994,  respectively.
The 1995 results reflect an extraordinary gain of $3,402,000,  primarily related
to  debt  forgiveness  as  discussed  in  Note 4 to the  Consolidated  Financial
Statements.  The  increase in general and  administrative  expenses for the nine
month period from 1994 to 1995 of  $181,000,  is  attributable  primarily to the
increased  activity  related to the  rental  car  operations.  The  decrease  in
interest  expense for the three month period ended September 30, 1994 to 1995 of
$43,000 is due to the recent  elimination  of the $1.9  million  note payable to
Dollar Systems, Inc. See Note 5 to the Consolidated  Financial  Statements.  The
elimination  of rental  property  operations  expense  and equity in net loss of
unconsolidated  joint  venture  from  1994 to 1995,  totaling  $327,000  less in
expense,  is due to the divestiture of real estate  holdings  experienced by the
Company  during  the  first  quarter  of 1995.  See  Note 4 to the  Consolidated
Financial Statements.

           The $58,000 decrease in accounts  receivables,  net from December 31,
1994 to September 30, 1995 is primarily due to the  recognition  of  advertising
reimbursement  and vehicle lease retention bonuses received from Dollar Systems,
Inc. The $105,000  increase in other  current  assets from  December 31, 1994 to
September 30, 1995 includes $100,000 of prepaid auto license expense  recognized
during the nine month  period.  The  $108,000  net increase in other assets from
December  31,  1994 to  September  30,  1995  includes a $125,000  deposit to be
applied against the potential purchase of a leased Dollar Rent A Car premises in
Phoenix,  Arizona. The $154,000 net increase in current portion of notes payable
from  December  31,  1994 to  September  30, 1995  includes  $227,000 in vehicle
obligations  acquired from General Motors Acceptance  Corporation.  The $441,000
decrease  in  accounts  payable  and the  $113,000  decrease  in  other  accrued
liabilities from December 31, 1994 to September 30, 1995 is primarily due to the
successful  reduction of aged payables and other liabilities  during the current
nine month period.  The $72,000  increase in accrued  interest from December 31,
1994 to  September  30, 1995 is due  primarily  to  accumulated  interest due on
subordinated notes held by SCRS. The $128,000 decrease in accrued vehicle damage
from December 31, 1994 to September 30, 1995 is due to the effective disposition
of damaged  vehicles  leased from  Dollar  Systems,  Inc.  during the nine month
period ended September 30, 1995.

           Vehicle  Rental  Activities.  Revenues  from  rental  car  activities
           ---------------------------
accounted for 90% of total  revenues in 1995 and continues to represent the most
significant  revenue  source for the Company from the time the Dollar Rent A Car
operations were acquired in June 1994. A net operating  profit relating to these
operations was recognized  during the first and second  quarters of 1995, with a
net operating  loss occurring  during the third quarter of 1995,  resulting in a
net  operating  profit for the  current  nine month  period.  This is  partially
attributable to the seasonality of the business as previously discussed.

           Sports  Activities.  Sports Careers accounted for 9% of total revenue
           ------------------
in 1995  compared to 21% during  1994.  Revenues  include  $385,000 and $375,000
associated  with the sale of membership  programs during the nine months of 1995
and 1994, respectively.  All other significant Sports Careers revenues relate to
Sports Marketplace products.

           Other  Activities.  Real estate management and oil and gas activities
           -----------------
continue  to be an  insignificant  part  of the  Company's  ongoing  operations,
representing  1% of total  revenue in nine months of 1995 compared to 11% during
the first nine months of 1994.  The Company  anticipates  that these  activities
will  eventually  cease  and  currently  has no  plans  in the  near  future  to
participate in any additional such activities.

<PAGE>


                           PART II. OTHER INFORMATION
                           --------------------------

Responses  to Items 1  through  5 are  omitted  since  these  items  are  either
inapplicable or the response thereto would be negative.

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

           (a)   Exhibits
                 --------

                 See index beginning on page 12

           (b)   Reports on Form 8-K - Report  dated March 27, 1995 with respect
                 -------------------
                 to the March 27, 1995 sale of the  University  Center  property
                 through  the  Company's  50% owned  joint  venture,  University
                 Center   Developers,   report   including   Sale  and  Purchase
                 Agreement, and Registrant's Press Release.




                                   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.

                              STRATFORD AMERICAN CORPORATION
                              Registrant



Date:  November 14, 1995      By /s/ Mel L. Shultz
                                 -------------------------------------
                                     Mel L. Shultz, President and Director



Date:  November 14, 1995      By /s/ Timothy A. Laos 
                                 -------------------------------------
                                     Timothy A. Laos, Chief Financial Officer
                                     (Principal Financial Officer and Principal
                                     Accounting Officer) for the quarter subject
                                     to this report

<PAGE>


                                 EXHIBITS INDEX


Exhibit 27.1 is the only exhibit  originally filed with this report. The Company
hereby  incorporates  all other  exhibits by reference  pursuant to Rule 12b-32,
each of which  (except  Exhibits  10.1,  22.1,  23.1 and  28.1)  was filed as an
exhibit to the Company's  Registration on Form 10 which was filed July 22, 1988,
and amended on October 7, 1988, and December 8, 1988.  Exhibit 10.1 was filed as
Exhibit 10.1 to the Company's  Form 10-QSB for the  Quarterly  Period ended June
30, 1995, which was filed with the Securities and Exchange  Commission on August
14, 1995.  Exhibit 22.1 was filed as Exhibit 22.1 to the  Company's  Form 10-QSB
for the  Quarterly  Period  ended  June  30,  1994,  which  was  filed  with the
Securities and Exchange  Commission on August 12, 1994.  Exhibit 23.1 references
the 1995  Proxy  Statement  which was filed  with the  Securities  and  Exchange
Commission on May 1, 1995.  Exhibit 28.1  references  the December 31, 1994 Form
10-KSB, which was filed with the Securities and Exchange Commission on April 14,
1995.

Number                     Description                                     Page
------                     -----------                                     ----

 4.1         Form of Common Stock Certificate                               N/A

 4.2         Form of Series "A" Preferred Stock Certificate                 N/A

 4.3         Article IV of the Articles of Incorporation                    N/A

 4.4         Article III of the Bylaws                                      N/A

 10.1        Assistance Agreement between Stratford American Car Rental
             Systems, Inc. and Dollar Systems, Inc. dated May 16, 1995.     N/A

 22.1        Subsidiaries                                                   N/A

 23.1        Notice of the 1995 Annual Shareholders' Meeting,
             Proxy Statement and Form of Proxy                              N/A

 27.1        Financial Data Schedule                                         13

 28.1        Form 10-KSB for the year ended December 31, 1994               N/A