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, 1999


[ ] 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.)

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 [ ]

At September 30, 1999, 6,371,787 shares of the issuer's common stock were issued
and outstanding.
<PAGE>
                         STRATFORD AMERICAN CORPORATION

                                      INDEX


PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Condensed Consolidated Balance Sheet as of September 30, 1999                  3

Condensed Consolidated Statements of Operations for the
three and nine months ended September 30, 1999 and 1998                        4

Condensed Consolidated Statements of Cash Flows for the
nine months ended September 30, 1999 and 1998                                  5

Notes to Condensed Consolidated Financial Statements                           6

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
        CONDITION AND RESULTS OF OPERATIONS                                    8



PART II. OTHER INFORMATION


ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K                                      10

Signatures                                                                    11

                                       2
<PAGE>
                 STRATFORD AMERICAN CORPORATION AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEET
                               SEPTEMBER 30, 1999
                                   (UNAUDITED)

                                     ASSETS

  Cash and cash equivalents                                        $  2,029,000
  Receivables:
    Trade, less allowance for doubtful accounts of $2,000                 3,000
    Mortgages                                                            49,000
                                                                   ------------
                                                                         52,000

  Rental properties, net                                                494,000
  Other assets                                                           80,000
                                                                   ------------

                                                                   $  2,655,000
                                                                   ============

                      LIABILITIES AND SHAREHOLDERS' EQUITY

  Accounts payable                                                 $     47,000
  Notes payable and other debt                                          259,000
  Accrued liabilities                                                   130,000
                                                                   ------------

          Total liabilities                                             436,000

  Minority interest                                                     300,000

  Shareholders' equity:
     Nonredeemable preferred stock, par value $.01 per share;
       authorized 50,000,000 shares, none issued
     Common stock, par value $.01 per share; authorized
       100,000,000 shares; issued and outstanding
       6,371,787 shares                                                  64,000
     Additional paid-in capital                                      27,298,000
     Retained earnings (deficit)                                    (25,432,000)
     Treasury stock, 1,967 shares at cost                               (11,000)
                                                                   ------------
                                                                      1,919,000
                                                                   ------------

                                                                   $  2,655,000
                                                                   ============

     See accompanying notes to condensed consolidated financial statements.

                                       3
<PAGE>
                 STRATFORD AMERICAN CORPORATION AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (unaudited)

<TABLE>
<CAPTION>
                                        For the three months          For the nine months
                                        ended September 30,           ended September 30,
                                     --------------------------    --------------------------
                                        1999           1998           1999           1998
                                     -----------    -----------    -----------    -----------
<S>                                  <C>            <C>            <C>            <C>
REVENUES:
  Lease income                       $    31,000                   $    94,000
  Interest and other income               33,000    $    11,000         83,000    $    44,000
                                     -----------    -----------    -----------    -----------

                                          64,000         11,000        177,000         44,000
EXPENSES:
  General and administrative             279,000         15,000        597,000         37,000
  Depreciation and amortization            8,000          6,000         23,000         16,000
  Interest                                 5,000         12,000         25,000         33,000
  Minority interest                       (3,000)                       (1,000)
                                     -----------    -----------    -----------    -----------
                                         289,000         33,000        644,000         86,000
                                     -----------    -----------    -----------    -----------

LOSS FROM CONTINUING OPERATIONS         (225,000)       (22,000)      (467,000)       (42,000)

DISCONTINUED OPERATIONS:
  Income (loss) from operations of
    Dollar Rent A Car                                  (310,000)       (16,000)       749,000
  Minority interest                                                      3,000
                                     -----------    -----------    -----------    -----------

  Income (loss) from discontinued
    operations                                         (310,000)       (13,000)       749,000
                                     -----------    -----------    -----------    -----------

NET INCOME (LOSS)                    $  (225,000)   $  (332,000)   $  (480,000)   $   707,000
                                     ===========    ===========    ===========    ===========

Weighted average number of common
  shares outstanding                   6,371,787      5,871,787      6,217,941      5,871,787

Basic and diluted net income (loss)
  per share:
  Loss from continuing operations          (0.04)         (0.00)         (0.08)         (0.01)
  Income (loss) from discontinued
    operations                                            (0.05)         (0.00)          0.13
                                     -----------    -----------    -----------    -----------
Basic and diluted net income (loss)
  per share                                (0.04)         (0.05)         (0.08)          0.12
                                     ===========    ===========    ===========    ===========
</TABLE>

     See accompanying notes to condensed consolidated financial statements.

                                       4
<PAGE>
                 STRATFORD AMERICAN CORPORATION AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (unaudited)

                                                          For the nine months
                                                          ended September 30
                                                       -------------------------
                                                           1999         1998
                                                       -----------    ---------
CASH FLOWS FROM CONTINUING OPERATING ACTIVITIES:
    Loss from continuing operations                    $  (467,000)   $ (42,000)
    Adjustments to reconcile loss from continuing
    operations to net cash used for continuing
    operating activities:
       Depreciation and amortization                        23,000       16,000
       Minority interest in consolidated subsidiary         (1,000)

    Changes in assets and liabilities:
      Decrease in accounts and mortgages receivable        178,000       26,000
      Decrease in other assets                              19,000        5,000
      Increase (decrease) in accounts payable               13,000      (65,000)
      Decrease in accrued liabilities                      (20,000)     (32,000)
                                                       -----------    ---------

NET CASH USED FOR CONTINUING OPERATING ACTIVITIES         (255,000)     (92,000)
                                                       -----------    ---------

CASH FLOWS FROM CONTINUING INVESTING ACTIVITES:
      Purchases of property and equipment                  (42,000)     (20,000)
                                                       -----------    ---------

NET CASH USED FOR CONTINUING INVESTING ACTIVITIES          (42,000)     (20,000)
                                                       -----------    ---------

CASH FLOWS FROM CONTINUING FINANCING ACTIVITIES:
     Payments on notes payable and other debt             (251,000)     (25,000)
     Proceeds from issuance of common stock                500,000
                                                       -----------    ---------

NET CASH PROVIDED BY (USED FOR) CONTINUING
  FINANCING ACTIVITIES                                     249,000      (25,000)

NET CASH PROVIDED BY(USED FOR) DISCONTINUED
  OPERATIONS                                               (34,000)     135,000

NET DECREASE IN CASH AND CASH EQUIVALENTS                  (82,000)      (2,000)

CASH AND CASH EQUIVALENTS, beginning of period           2,111,000       36,000
                                                       -----------    ---------

CASH AND CASH EQUIVALENTS, end of period                 2,029,000       34,000
                                                       ===========    =========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
    Interest paid during the period                    $    25,000    $  29,000
                                                       ===========    =========
    Taxes paid during the period                       $    82,000    $
                                                       ===========    =========

     See accompanying notes to condensed consolidated financial statements.

                                       5
<PAGE>
                 STRATFORD AMERICAN CORPORATION AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
              FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1999 AND 1998
                                   (unaudited)

1.   In the  opinion  of  the  Company,  the  accompanying  unaudited  condensed
     consolidated financial statements contain all adjustments,  consisting only
     of normal recurring adjustments,  necessary to present fairly the financial
     position as of September 30, 1999,  and the results of operations  and cash
     flows  for  the  nine  months  ended  September  30,  1999  and  1998.  The
     accompanying  condensed  consolidated financial statements and notes 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 consolidated  financial  statements appearing in the Company's
     Form 10-KSB for the year ended December 31, 1998.

2.   The Company has no significant operations. Through one of its subsidiaries,
     the Company owns and leases certain real estate.

3.   On October 1, 1998 (the  "Closing  Date"),  Stratford  American  Car Rental
     Systems,  Inc.  ("SCRS"),  a subsidiary  of the Company,  sold the personal
     property, equipment,  improvements,  fixtures, gasoline inventory, goodwill
     and  general  intangibles  used in or related to SCRS's  business to Dollar
     Rent A Car Systems, Inc., an Oklahoma corporation  ("Dollar"),  pursuant to
     the  terms  of the  Acquisition  Agreement  (the  "Acquisition  Agreement")
     between  SCRS  and  Dollar.  Additionally,   pursuant  to  the  Acquisition
     Agreement,  SCRS  terminated the Master Lease Agreement by and between SCRS
     and Dollar, dated June 1, 1994, under which SCRS leased vehicles for use in
     its  business,  as well as other  agreements  related to the  Master  Lease
     Agreement.

     The Acquisition Agreement provided for the payment by Dollar to SCRS of the
     sum of $3,835,000 as the purchase  price.  The purchase price  consisted of
     the sum of  $3,635,000  paid in cash to SCRS on the Closing Date net of any
     obligations,  actual or  estimated,  owed to and by Dollar under the normal
     course of operations of SCRS, and a holdback amount of $200,000  related to
     any obligations or indemnities of SCRS, under the Acquisition Agreement. In
     December 1998,  Dollar  remitted  $100,000 of the holdback  amount to SCRS,
     subsequent to the transfer of all rental  vehicles back to Dollar under the
     Master Lease Agreement,  pursuant to the Acquisition Agreement.  In January
     1999, Dollar and SCRS finalized all post -closing  obligations between each
     party in  accordance  with the  Acquisition  Agreement.  As provided by the
     Post-Closing Statement agreement, an additional $75,000 of the holdback was
     remitted to SCRS with the remaining $25,000 related to any obligations,  or
     indemnities,  to be held until October 1, 1999. In September 1999, SCRS and
     Dollar  reached an  agreement  whereby  Dollar  will  retain the  remaining
     $25,000   holdback  as  settlement  for  a  $63,000   invoice  from  Dollar
     inadvertently  excluded  from the final  post-close  settlement  in January
     1999, as well as any and all other claims.

                                       6
<PAGE>
                 STRATFORD AMERICAN CORPORATION AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
              FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1999 AND 1998
                                   (unaudited)

     On the same day as the Closing Date,  SCRS  exercised an option to purchase
     the property  which  includes the Phoenix  Dollar Rent A Car base operation
     facilities  located  near Sky Harbor  International  Airport for  $502,000.
     Simultaneously,  Dollar entered into a long term lease with SCRS to utilize
     the base operations.

     The  vehicle  rental   business  of  SCRS  has  been  accounted  for  as  a
     discontinued  operation  and,  accordingly,  its  net  assets,  results  of
     operations and cash flows are  segregated for all periods  presented in the
     consolidated financial statements.

4.   The Company  calculates  basic and  diluted net income  (loss) per share in
     accordance  with  the  provisions  of  Statement  of  Financial  Accounting
     Standards  No. 128  "Earnings Per Share." Basic net income (loss) per share
     is computed using the weighted average number of common shares  outstanding
     during each period  (6,371,787 and 6,217,941  shares for the three and nine
     month periods ended September 30, 1999, respectively,  and 5,871,787 shares
     for both the  three and nine  month  periods  ended  September  30,  1998).
     Diluted net income (loss) per share is the same as basic net loss per share
     for all periods  presented due to the  antidilutive  effect of common stock
     equivalents on loss from continuing operations.

5.   On March 26, 1999, 500,000 shares of the Company's common stock were issued
     to certain private investors, at $1 per share.

6.   General and  administrative  expenses for the first quarter of 1999 and the
     first,  second and third  quarters of 1998 were  allocated to  discontinued
     operations in accordance  with applicable  revenue  generated and corporate
     resources  utilized.  Management  believes this  allocation  methodology is
     reasonable.

7.   Subsequent  event  - On  October  6,  1999,  the  Company  entered  into  a
     settlement  agreement  regarding  disputed  terms for payout and subsequent
     assignment  of a minor  working  interest in several gas wells in Arkansas.
     The Company agreed to remit a settlement payment of $87,500. The allocation
     of the settlement  payment,  as  established  by the settlement  agreement,
     includes  $37,500  toward  assigned  working  interests  in the wells,  and
     $50,000  toward  settlement of a pending  lawsuit.  The settlement has been
     accrued as of September 30, 1999.

                                       7
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
        RESULTS OF OPERATIONS

GENERAL

     The Company incurred a consolidated loss from continuing operations for the
third  quarter  of 1999  and for the  first  nine  months  of  1999.  Continuing
operations  during the first nine months of 1999  consisted  primarily of rental
property operations as the vehicle rental business was sold in 1998. The Company
expects  such  losses to  continue  unless and until the Company is able to make
profitable acquisitions. There can be no assurance that the Company will be able
to make such acquisitions.

LIQUIDITY AND CAPITAL RESOURCES

     As  previously  reported,  Stratford  American  Car  Rental  Systems,  Inc.
("SCRS"),  a subsidiary  of the Company,  sold its rental car business to Dollar
Rent A Car Systems,  Inc. ("Dollar") on October 1, 1998. In January 1999, Dollar
and SCRS finalized all post-closing  obligations between each party. As provided
by the  Post-Closing  Statement  agreement,  $75,000  from a  holdback  fund was
remitted  to SCRS  with a  remaining  $25,000  related  to any  obligations,  or
indemnities, to be held by Dollar until October 1, 1999. In September 1999, SCRS
and Dollar reached an agreement whereby Dollar will retain the remaining $25,000
holdback as settlement for a $63,000 invoice from Dollar inadvertently  excluded
from the final  post-close  settlement  in January  1999, as well as any and all
other claims.

     On the same day that SCRS sold the rental car business,  SCRS  exercised an
option to purchase the  property  which  includes the Phoenix  Dollar Rent A Car
base  operation  facilities  located  near  Sky  Harbor  International  Airport.
Simultaneously,  Dollar  entered into a long term lease with SCRS to utilize the
base operations.

     On March 26, 1999, 500,000 shares of the Company's common stock were issued
to certain private investors, at $1 per share.

     The Company  anticipates  that with its current  cash  position  due to the
related sale of the car rental business and the sale of shares in March 1999, it
should meet its operational cash flow needs for the remainder of 1999.  However,
due to any  unforeseen  circumstances  that could occur  outside  the  Company's
control,  there can be no assurance  that adequate cash flows from the Company's
present cash position and operations will be achieved.

     The Company  continues  to  aggressively  seek  potential  acquisitions  in
establishing  its future  direction.  There can be no assurance  that it will be
able to locate suitable acquisition candidates or make any such acquisitions, or
that any acquisitions that are made will be profitable for the Company.

RESULTS OF OPERATIONS - QUARTER ENDED SEPTEMBER 30, 1999, COMPARED WITH QUARTER
ENDED SEPTEMBER 30, 1998.

     The Company  reported a net loss of $225,000 and $480,000  during the three
and nine month periods ended September 30, 1999, respectively, compared to a net
loss of $332,000 and net income of $707,000  during the nine month periods ended
September 30, 1998, respectively. The nine month period ended September 30, 1999
results include a net loss of $13,000 from discontinued  operations and the nine
month period  ended  September  30, 1998 results  include net income of $749,000

                                       8
<PAGE>
from discontinued operations.  The $13,000 loss from discontinued operations for
the nine month period ended September 30, 1999 consists of adjustments, recorded
in the first  quarter of 1999,  related to previous  estimates  of  discontinued
operation   expenses   determined  upon  final   reconcilation   of  contractual
obligations to and from Dollar upon sale of the Dollar  operations on October 1,
1998.  Revenues  increased  from  $11,000 and $44,000  during the three and nine
month periods ended  September  30, 1998  respectively,  to $64,000 and $177,000
during the three and nine month period ended  September 30, 1999,  respectively,
due primarily to lease income received on property leased to Dollar in 1999.

     General and  administrative  expenses for the first quarter of 1999 and the
first,  second  and  third  quarters  of 1998  were  allocated  to  discontinued
operations  in accordance  with  proportionate  revenue  generated and corporate
resources  utilized.   Management   believes  this  allocation   methodology  is
reasonable.  The increase in general and administrative expense from $15,000 and
$37,000  in the three and nine  month  periods  ended  September  30,  1998,  to
$279,000 and $597,000 in the three and nine month  periods  ended  September 30,
1999,  respectively,  is due to the fact  that a  significant  portion  of total
general and  administrative  expense was  allocated to  discontinued  operations
during the reporting  periods in 1998 due to discontinued  operations  being the
primary  activity during that time.  Total general and  administrative  expense,
before  allocation  to  discontinued  operations,  for the three and nine  month
periods ended September 30, 1998 was $174,000 and $398,000, respectively.

RENTAL PROPERTY ACTIVITY.

     Rental  property  ownership  and lease  management  is the  Company's  only
current activity. Gross lease income is currently at $125,000 per year.

CAPITAL REQUIREMENTS

     The  Company  does  not  have  any  material   plans  for  future   capital
expenditures at the present time.

IMPACT OF INFLATION

     Inflation  has not had a  significant  impact on the  Company's  results of
operations.

YEAR 2000 ISSUES

     The  Company  is in the  process  of  completing  a review of its Year 2000
issues and has  completed  its review of internal  systems.  The majority of the
Company's  application  software  programs are Year 2000 compliant.  The Company
believes that with modifications and updates to existing software  (primarily by
the  software  vendors),  the  Year  2000  problem  will  not  pose  significant
operational  problems  for the  Company's  internal  systems.  The Company  also
believes that any  remediation  costs to become Year 2000  compliant will not be
material.  The Company is also  continuing to verify the Year 2000  readiness of
third parties and will develop a contingency plan at that point in time when the
Company believes a material vendor,  customer,  or other third party will not be
compliant.

                                       9
<PAGE>
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

     Certain  statements   contained  in  this  report,   including   statements
containing the words "believes,"  "anticipates,"  "intends," "expects" and words
of similar import, constitute "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995 and are subject to the safe
harbors  created  thereby.  Such  forward-looking  statements  involve known and
unknown risks, uncertainties and other factors that may cause the actual results
to be materially  different from the  forward-looking  statements.  Such factors
include, among others, the following:  the fact that the Company,  following the
sale of assets  to  Dollar,  has no  significant  operations;  the risk that the
Company  will  not  be  able  to  complete  any   acquisitions  to  re-establish
significant  operations;  the risk that all of the  foregoing  factors  or other
factors  could cause  fluctuations  in the Company's  operating  results and the
price of the Company's common stock; and other risks detailed in this report and
from  time to time in the  Company's  other  filings  with  the  Securities  and
Exchange Commission.  Given these uncertainties,  readers should not place undue
reliance on such forward-looking statements.

                           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

          There  were no reports  on Form 8-K filed for the three  months  ended
          September 30, 1999.

                                       10
<PAGE>
                                   SIGNATURES

     Pursuant to the  requirements  of the  Securities and 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 15, 1999              By /s/ Mel L. Shultz
                                        ----------------------------------------
                                        Mel L. Shultz, President and Director


Date: November 15, 1999              By /s/ Timothy A. Laos
                                        ----------------------------------------
                                        Timothy A. Laos, Chief Financial Officer
                                        (Principal Financial Officer and
                                        Principal Accounting Officer)

                                       11
<PAGE>
                                 EXHIBITS INDEX

Exhibits 27.1 and 27.2 are the only exhibits  originally filed with this report.
The Company hereby incorporates all other exhibits by reference pursuant to Rule
12b-32,  each of which  (except  Exhibit  3.3) 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 3.3 was filed with the Company's
Registration  Statement on Form S-1 on June 12, 1989,  with the  Securities  and
Exchange Commission.

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

  3.1      Articles of Incorporation                                         N/A

  3.2      By-laws                                                           N/A

  3.3      Articles of Amendment to Articles of Incorporation                N/A

  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

 27.1      Financial Data Schedule - September 30, 1999                      13

 27.2      Restated Financial Data Schedule - September 30, 1998             14

                                       12