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 March 31, 2000


[ ] 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)

         Issuer'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 April 30, 2000, 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 March 31, 2000                      3

Condensed Consolidated Statements of Operations for the three months
ended March 31, 2000 and 1999                                                  4

Condensed Consolidated Statements of Cash Flows for the three months
ended March 31, 2000 and 1999                                                  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
                                 MARCH 31, 2000
                                   (unaudited)

                                     ASSETS

Cash and cash equivalents                                          $  2,355,000
Receivables:
  Trade, less allowance for doubtful accounts of $2,000                  11,000
  Mortgage                                                               47,000
                                                                   ------------
                                                                         58,000

Oil and gas interests, net                                               34,000
Other assets                                                             56,000
                                                                   ------------

                                                                   $  2,503,000
                                                                   ============

                      LIABILITIES AND SHAREHOLDERS' EQUITY

Accounts payable                                                   $     43,000
Notes payable and other debt                                             57,000
Accrued liabilities                                                      35,000
                                                                   ------------

        Total liabilities                                               135,000

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                                        27,313,000
   Retained earnings (deficit)                                      (24,998,000)
   Treasury stock, 1,967 shares at cost                                 (11,000)
                                                                   ------------

                                                                      2,368,000
                                                                   ------------

                                                                   $  2,503,000
                                                                   ============

     See accompanying notes to condensed consolidated financial statements.

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

                                                      For the three months ended
                                                              March 31
                                                      -------------------------
                                                         2000            1999
                                                      ---------       ---------
REVENUES:
  Interest and other income                           $  41,000       $  56,000
                                                      ---------       ---------
EXPENSES:
  General and administrative                            184,000         133,000
  Depreciation and amortization                           6,000           8,000
  Interest                                                2,000          11,000
  Minority interest                                                       1,000
                                                      ---------       ---------

                                                        192,000         153,000
                                                      ---------       ---------

LOSS FROM CONTINUING OPERATIONS                        (151,000)        (97,000)

DISCONTINUED OPERATIONS:
  Loss from operations of Dollar Rent A Car                             (16,000)
  Minority interest                                                       3,000
                                                      ---------       ---------

    Loss from discontinued operations                                   (13,000)

NET LOSS                                               (151,000)       (110,000)
                                                      =========       =========

Basic and diluted net loss per share:
  Loss from continuing operations                         (0.02)          (0.02)
  Loss from discontinued operations                                       (0.00)
                                                      ---------       ---------
Basic and diluted net loss per share                      (0.02)          (0.02)
                                                      =========       =========

     See accompanying notes to condensed consolidated financial statements.

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

<TABLE>
<CAPTION>
                                                     For the three months ended March 31
                                                     -----------------------------------
                                                            2000           1999
                                                        -----------     -----------
<S>                                                     <C>             <C>
CASH FLOWS FROM CONTINUING OPERATING ACTIVITIES:
  Loss from continuing operations                       $  (151,000)    $   (97,000)
  Adjustments to reconcile loss from
   continuing operations to net cash
   used for continuing operating activities:
     Depreciation and amortization                            6,000           8,000
     Minority interest in consolidated subsidiary                             1,000

  Changes in assets and liabilities:
    Decrease in accounts and mortgages receivable            82,000         164,000
    Decrease in other assets                                  6,000           7,000
    Increase (decrease) in accounts payable                  (6,000)          8,000
    Decrease in accrued liabilities                          (7,000)       (100,000)
                                                        -----------     -----------

NET CASH USED FOR CONTINUING OPERATING ACTIVITIES           (70,000)         (9,000)
                                                        -----------     -----------

CASH FLOWS FROM CONTINUING INVESTING ACTIVITIES:
      Redemption of minority interest                      (459,000)
      Purchases of property and equipment                    (2,000)
                                                        -----------     -----------

NET CASH USED FOR CONTINUING INVESTING ACTIVITIES          (461,000)
                                                        -----------     -----------

CASH FLOWS FROM CONTINUING FINANCING ACTIVITES:
      Payments on notes payable and other debt               (4,000)       (227,000)
      Proceeds from issuance of common stock                                500,000
                                                        -----------     -----------

NET CASH PROVIDED BY (USED FOR) CONTINUING
  INVESTING ACTIVITIES                                       (4,000)        273,000

NET CASH USED FOR DISCONTINUED OPERATIONS                                   (37,000)
                                                        -----------     -----------

NET DECREASE (INCREASE) IN CASH AND CASH EQUIVALENTS       (535,000)        227,000

CASH AND CASH EQUIVALENTS, beginning of period            2,890,000       2,111,000
                                                        -----------     -----------

CASH AND CASH EQUIVALENTS, end of period                  2,355,000       2,338,000
                                                        ===========     ===========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
    Interest paid during the period                     $     1,000     $    11,000
                                                        ===========     ===========
    Taxes paid during the period                                        $    82,000
                                                        ===========     ===========
</TABLE>

     See accompanying notes to condensed consolidated financial statements.

                                       5
<PAGE>
                 STRATFORD AMERICAN CORPORATION AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
               FOR THE THREE MONTHS ENDED MARCH 31, 2000 AND 1999
                                   (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 March 31, 2000, and the results of operations and cash flows
     for the three  months  ended  March 31,  2000 and  1999.  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, 1999.

2.   The Company has no significant operations.

3.   On October 1, 1998 (the  "Closing  Date"),  Stratford  American  Car Rental
     Systems,  Inc.  ("SCRS"),  a subsidiary  of the  Company,  sold its Phoenix
     Dollar Rent A Car franchise to Dollar Rent A Car Systems, Inc., an Oklahoma
     corporation ("Dollar"). In January 1999, Dollar and SCRS finalized all post
     closing  obligations between each party. In September 1999, SCRS and Dollar
     reached  an  agreement  whereby  Dollar  will  retain a  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 as the Closing Date,  SCRS  exercised an option to purchase
     the property  which  includes the Phoenix  Dollar Rent A Car base operation
     facilities. Simultaneously, Dollar entered into a long term lease with SCRS
     to utilize the base operations.  On December 29, 1999, the Company sold the
     leased property at a selling price of $1,440,000.

     The  vehicle  rental   business  of  SCRS  has  been  accounted  for  as  a
     discontinued operation in 1999 and, accordingly,  its results of operations
     and cash flows are segregated in the consolidated financial statements.

     On February 14, 2000,  the Company  paid all minority  interest  holders of
     SCRS  100%  of  their  proportionate  share  of  the  outstanding  minority
     interest  liability as of December 31, 1999 in exchange for 100% redemption
     of their stock held in SCRS.

                                       6
<PAGE>
                 STRATFORD AMERICAN CORPORATION AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
               FOR THE THREE MONTHS ENDED MARCH 31, 2000 AND 1999
                                   (unaudited)

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 shares for the three month period ended March
     31, 2000 and  5,905,120  shares for the three month  period ended March 31,
     1999). Diluted  net loss per  share is the same as basic net loss per share
     for the  three  month  periods  ended  March  31,  2000 and 1999 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 were
     allocated to discontinued  operations in accordance with applicable revenue
     generated  and  corporate  resources  utilized.  Management  believes  this
     allocation methodology is reasonable.

                                       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
first quarter of 2000. The Company presently has no significant operations,  and
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 such
base  operation  facilities.  On December  29,  1999,  the Company sold the real
estate  property for a price of  $1,440,000,  recognizing a gain on sale of real
estate totaling $826,000.

     On February 14, 2000,  the Company  paid all minority  interest  holders of
SCRS 100% of their  proportionate  share of  the outstanding  minority  interest
liability,  totaling  $459,000  as of December  31, 1999, in  exchange  for 100%
redemption of their stock held in SCRS.

     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 sale
of the car rental  business in 1998, the related sale of real estate property in
December  1999  and the  sale of  shares  in  March  1999,  it  should  meet its
operational  cash flow  needs for the  remainder  of 2000.  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.

                                       8
<PAGE>
Results of  Operations  - Quarter  Ended March 31, 2000,  Compared  with Quarter
Ended March 31, 1999.

     The Company reported a net loss of $151,000 for the quarter ended March 31,
2000  compared to a net loss of $110,000  for the quarter  ended March 31, 1999.
The  first  quarter  of  1999  results  include  a  net  loss  of  $13,000  from
discontinued  operations,  which  primarily  consists of adjustments to previous
estimates   of   discontinued   operation   expenses   determined   upon   final
reconciliation  of  contractual  obligations to and from Dollar upon sale of the
Dollar  operations on October 1, 1998.  Interest and other income decreased from
$56,000 in 1999 to $41,000 in 2000  primarily due to rental  income  received on
property  leased to Dollar in 1999 as compared to no rental  income  received in
2000 following the sale of the Phoenix Dollar Rent A Car facilities  property in
December 1999.

     General  and  administrative  expenses  for the first  quarter of 1999 were
allocated to discontinued  operations in accordance with  proportionate  revenue
generated and corporate resources utilized. Management believes this methodology
is reasonable.  There was no such allocation in 2000. Total preallocated general
and  administrative  expense for 1999 is  $168,000,  which  includes  $35,000 of
general and administrative  expense allocated to discontinued  operations in the
first quarter of 1999.

Other Activities

     The Company sold its remaining significant real estate property in December
1999.  The  Company  owns a nominal  interest  in  several  oil and gas wells in
Arkansas and Oklahoma that generate  insignificant  revenues. The Company has no
other interest in any oil and gas properties.

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. The Company has not experienced any Year 2000 problems to date.

                                       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 profitable acquisitions to re-establish
significant  operations;  the risk that the Company  will  continue to recognize
losses from continuing  operations  unless and until the Company is able to make
profitable  acquisitions;  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
          March 31, 2000.

                                       10
<PAGE>
                                   SIGNATURES

     In accordance  with 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: May 15, 2000                      By /s/ Mel L. Shultz
                                           -------------------------------------
                                           Mel L. Shultz, President and Director



Date: May 15, 2000                      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 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  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 - March 31, 2000                       13

                                       12