SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                  FORM 10 - QSB

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

              For the quarterly period ended September 30, 1996

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

              For the transition period from . . . . .    to . . . . . 
              Commission File Number: 0-23258

                              HOLLYWOOD TRENZ, INC.
--------------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

          Delaware                                     59-2839130
  -----------------------------             ----------------------------------
 (State or other jurisdiction of           (IRS Employer Identification Number)
 incorporation or organization)

                           3471 North Federal Highway
                            Ft. Lauderdale, FL 33306
--------------------------------------------------------------------------------
                  (Address and of principal executive offices)

                                 (954) 568-0433
--------------------------------------------------------------------------------
                           (Issuer's telephone number)

                                       NA
--------------------------------------------------------------------------------
           (Former name, former address if changed since last report)

Check  whether  the issuer (1) has filed all  reports  required by Section 13 or
15(d) of the  Exchange  Act during the  preceding 12 months (or for such shorter
period that the Registrant was required to file such reports),  and (2) has been
subject to the filing requirements for at least the past 90 days.
                                    YES  X   NO
                                        ---    ---

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

                      APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the issuer's classes of common
stock, as of the last practicable date:
                                              Number of Shares Outstanding
                  Class                            September 30, 1996
         ------------------------------       -----------------------------

         Common Stock, $.0001 par value                61,405,544

<PAGE>

                              Hollywood Trenz, Inc.
                              ---------------------

                                      Index
                                      -----

Part I        FINANCIAL INFORMATION                          
------        ---------------------                          

              Balance Sheet
              September 30, 1996                                        3

              Statements of Operations
              Nine Months and Three Months Ended
              September 30, 1995 and 1996 and
              Inception to September 30, 1996                           4

              Statements of Cash Flows
              Nine Months Ended
              September 30, 1995 and 1996 and
              Inception to September 30, 1996                           5

              Notes to Financial Statements                             6

              Management's Discussion and Analysis of
              Financial Condition and Results of
              Operations                                                8

PART II
              Other Information                                         9

              Signatures                                               10

















                                        2

<PAGE>


                              Hollywood Trenz, Inc.
                          (A Development Stage Company)
                                  Balance Sheet
                               September 30, 1996
                                   (Unaudited)

ASSETS

Current Assets:                                
Cash                                                                229

Property, Plant and Equipment (at cost)                          26,371
  Less:  Accumulated Depreciation                                10,148
                                                            -----------
                                                                 16,223

Other Assets:
  Deposits                                                       81,313
  Receivable from Related Party                                  94,498
  Investments                                                 1,191,876
                                                            -----------
                                                              1,384,139
                                                            ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
  Accounts and Taxes Payable                                  1,691,616
  Accrued Expenses                                              182,826
  Loans Payable                                                 110,000
  Due to Stockholders                                         1,008,968
                                                            -----------
  Total Current Liabilities                                   2,993,410

Commitments and Contingencies

Stockholders' Equity
  Common Stock, $.0001 par value,
  80,000,000 shares authorized,
  61,405,544 shares issued and outstanding                        6,141
  Paid In Capital                                            22,708,249
Deficit accumulated during the
  Development Stage                                         (24,323,661)
                                                            -----------
                                                             (1,609,271)
                                                            -----------
                                                              1,384,139
                                                            ===========

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

                                        3


<PAGE>
<TABLE>
<CAPTION>

                                         Hollywood Trenz, Inc.
                                    (A Development Stage Company)
                                       Statements of Operations
               For the Nine Months and Three Months Ended September 30, 1995 and 1996, and
                          Inception  (April 23, 1992) to September 30, 1996

                                                Nine Months Ended           Three Months Ended         Inception 
                                           Sept. 30       Sept. 30       Sept. 30       Sept. 30        Sept. 30
                                              1995           1996           1995           1996          1996
                                           ---------      ---------      ---------     ---------       ---------
                     
<S>                                           <C>          <C>            <C>             <C>           <C>
Revenue                                       133,235           --             --             --          348,579

Costs and Expenses
  Cost of Sales                                  --             --             --             --          104,243
  General and Administrative                9,245,651      4,156,406      5,011,654        192,171     21,101,586
                                          -----------    -----------    -----------    -----------    -----------

                                            9,245,651      4,156,406      5,011,654        192,171     21,205,829


Net Income (Loss) from Operations          (9,112,416)    (4,156,406)    (5,011,654)      (192,171)   (20,857,250)

Other Income and (Expense)
  Loss on Abandonment of Fixed Assets            --             --             --             --         (107,217)
  Gain on Disposition of Subsidiary           272,591           --          272,591           --          172,591
  Realized Loss on Marketable Securities      (16,751)          --           33,890           --       (3,239,865)
  Interest Expense                               --             --             --             --         (291,921)
                                           ----------    -----------    -----------    -----------    -----------
                                              255,840           --          306,481           --       (3,466,412)

Net Loss                                   (8,856,576)    (4,156,406)    (4,705,173)      (192,171)   (24,323,662)
                                           ==========    ===========    ===========    ===========    ===========
Per Share Information:

Weighted Average Number of
  Common Shares Outstanding                 5,923,994     21,814,344     10,437,166     38,433,517     16,348,866
                                           ==========    ===========    ===========    ===========    ===========


Net Loss Per Share                              (1.50)          (.19)          (.45)          (.01)         (1.48)
                                           ==========    ===========    ===========    ===========    ===========

 


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








                                                      4

</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                                      Hollywood Trenz, Inc.
                                  (A Development Stage Company)
                                     Statement of Cash Flows
                     For the Nine Months Ended September 30, 1995 and 1996,
                      and Inception (April 23, 1992) to September 30, 1996
                                           (Unaudited)

                                                                             Inception to
                                                                               Sept. 30,
                                                     1995          1996          1996
                                                  ----------    ----------    ----------

<S>                                               <C>           <C>           <C>        
Cash Flows from Operating Activities              (1,097,552)   (1,244,517)   (3,533,151)

Cash Flows from Investing Activities:
  Purchase of Fixed Assets                              --            --        (163,469)
  Deposit Received from the Sale of Investments         --            --         341,450
  Acquisition of Investments                        (138,260)         --      (1,697,111)
                                                  ----------    ----------    ----------
                                                    (138,260)         --      (1,519,130)

Cash Flows from Financing Activities:
  Sale of Common Stock for Cash                    1,247,277       310,000     3,738,601
  Net Cash from Mortgages                               --            --          84,441
  Net Cash from Loans                                   --         115,000       115,000
  Officer's Capital Contribution                        --            --         100,000
   Shareholder Loans                                 (12,000)          819,746 1,014,468
                                                  ----------    ----------    ----------
Net Cash provided by Financing Activities          1,235,277     1,244,746     5,052,510

Net Increase (Decrease) in Cash                         (535)          229           229

Cash, Beginning of Period                                535          --            --
                                                  ----------    ----------    ----------
Cash, End of Period                                     --             229           229
                                                  ==========    ==========    ==========






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





                                          5

</TABLE>
                                                                    

<PAGE>
                              Hollywood Trenz, Inc.
                          (A Development Stage Company)
                          Notes to Financial Statements

The accompanying  unaudited condensed financial statements have been prepared in
accordance with generally accepted  accounting  principles for interim financial
information and with the instructions to Form 10-QSB.  Accordingly,  they do not
include all of the  information  and  footnotes  required by generally  accepted
accounting  principles  for  complete  financial  statements.  In the opinion of
management,   all  adjustments  (consisting  of  normal  recurring  adjustments)
considered necessary for a fair presentation have been included.  The results of
operations  for the periods  presented  are not  necessarily  indicative  of the
results to be expected for the full year. The accompanying  financial statements
should be read in conjunction  with the Company's Form 10-KSB filed for the year
ended December 31, 1995.

Income (loss) per share was computed using the weighted average number of common
shares  outstanding.  Common stock  equivalents are not included as their effect
would be anti-dilutive.

Note A.  INVESTMENTS

During  July,  1995 the  Company  entered  into a  long-term  lease for space to
construct a family  entertainment  center in Phoenix,  Arizona. On July 11, 1995
the Company received a construction permit and commenced construction.

The Company  capitalized  $1,191,876  in costs  related to this project  through
September,  1996. Should the Company not complete the project it will charge the
capitalized  costs to operations  during the period in which it determines  that
the project will not be completed.

Note B.  MARKETABLE SECURITIES

The Company  accounts for its  investments  in marketable  securities  under the
provisions  of FAS  115.  The  provisions  of this  pronouncement  apply  to all
marketable  securities  where  the fair  value  of the  securities  are  readily
determinable and do not apply to restricted common stock except if the holder of
the stock has the power by contract or  otherwise  to cause the  restriction  to
terminate within one year. The common shares which were held by the Company were
restricted  pursuant to Rule 144 however,  the Company had obtained from each of
the companies whose common stock it held rights to register these  securities at
its expense. The securities held by the Company were classified as available for
sale. Under this  pronouncement  changes in the fair value of the securities are
adjusted to a valuation  reserve  included in  stockholders'  equity  unless the
decline is other than  temporary in which case the decline in value is reflected
in the  Company's  statement  of  operations  as realized  losses on  marketable
securities.

Upon the expiration of the registration rights related to marketable  securities
held by the Company the Company  records its  investments  in equity  securities
pursuant to FAS 12 which values  marketable  securities  at the lower of cost or
market.

                                        6


<PAGE>
                              Hollywood Trenz, Inc.
                          (A Development State Company)
                          Notes to financial Statements
                                   (Continued)

During February, 1995 the Company issued 600,000 restricted shares of its common
stock with  registration  rights in exchange  for 300,000  shares of  restricted
common stock of BDR,  Industries,  Inc. with registration  rights.  These shares
were valued at the  approximate  bid price of the Company's  common stock on the
issue date of $4.00. During February, 1996 the Company entered into an agreement
to return the 300,000  shares of BDR in  exchange  for the return of the 600,000
shares of its  common  stock.  The  carrying  value of the BDR  common  stock of
$1,050,000  was charged to paid in capital upon the return and retirement of the
Company's common stock.

Note C.  Contingencies

The   Securities   and  Exchange   Commission   (SEC)  is  conducting  a  formal
investigation into the Company's  financial records.  In this regard the SEC has
issued a  subpoena  for  certain  of the  Company's  records.  The  Company  has
cooperated and will continue to cooperate fully with the SEC.

Note D.  Shareholder's Equity

During the period  from  January to March,  1996 the  Company  issued  1,450,000
shares of its common stock for cash aggregating  $230,000  pursuant to a private
placement. During the period from April to June, 1996 the Company issued 400,000
shares of its common stock for cash  aggregating  $80,000  pursuant to a private
placement.

During  April,  1996  the  Company  filed  a  Form  S-8  registration  statement
registering  3,800,000 common shares. These shares were issued to certain of the
Company's   consultants   (including  an   affiliate)   pursuant  to  consulting
agreements. The value of these shares of $1,064,000.00 was charged to operations
during April, 1996. In addition,  the Company issued 40,000 shares of restricted
common stock for services. These shares were valued at $4,600.00

During May, 1996 the Company filed a Form S-8 registration statement registering
4,700,000  common  shares.  These shares were issued to certain of the Company's
consultants  (including an affiliate)  pursuant to  consulting  agreements.  The
value of these shares of $705,000.00 was charged to operations during May, 1996.
In addition, the Company issued 22,200,000 shares of restricted common stock for
services.
These shares were valued at $1,665,000.

During June,  1996 the Company issued 100,000 shares of restricted  common stock
for services. These shares were valued at $6,250. During the period from July to
September,  1996 the Company issued 9,250,000 shares of restricted  common stock
for services. These shares were valued at $503,625.00.

Note E.  Stockholder Advances

During the period  ended March 31, 1996  affiliates  of the Company made working
capital  advances to the Company  aggregating  $230,652.  During the period from
April to June, 1996  affiliates of the Company made working capital  advances to
the Company aggregating $451,234. During the period from July to September, 1996
affiliates  of  the  Company  made  working  capital  advances  to  the  Company
aggregating $137,860.
                                        7


<PAGE>

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

Planned  principal  operations of the Company have not commenced.  The Company's
activities,  since inception, have consisted of conceptualizing a projected plan
for the Company's business and obtaining  financing for its activities.  In June
1975,  the Financial  Accounting  Standards  Board,  in its Statement No. 7, set
forth guidelines for identifying an enterprise in the development  stage and the
standards  of  financial   accounting  and  reporting   applicable  to  such  an
enterprise. In the opinion of the Company, its activities since its inception in
August 1987, fall within the referenced guidelines. Accordingly, the Company has
reported its activities in accordance with the aforesaid  Statement of Financial
Accounting Standards No. 7.

Financing of the Company's activities during the period ended September 30, 1996
have  consisted  principally  of the sale of common shares for cash  aggregating
$310,000.00,  advances from  affiliates of $819,746.00  and loans from unrelated
parties of $115,000.00.

The Company is currently  attempting to arrange financing for the development of
its entertainment centers. There are currently no other material commitments for
capital expenditures or long-term credit arrangements.  The Company's ability to
continue its operations,  as well as its future liquidity  condition and capital
resource  position  are  dependent  on the  Company's  ability  to  develop  its
operations and arrange for additional debt and equity financing.

Results of Operations

The Company had no significant revenue producing operations for the period ended
September 30, 1996. General and administrative expenses decreased during 1996 as
compared to 1995  principally  as a result of common  shares issued for services
during the 1995 period.




                                        8



<PAGE>
                                Other Information
                                -----------------

ITEM 1.  LEGAL PROCEEDING.
         -----------------

         Not applicable.

ITEM 2.  CHANGES IN SECURITIES.
         ---------------------

         Not applicable.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES.
         --------------------------------

         Not applicable.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
         ----------------------------------------------------

         Not applicable.

ITEM 5.  OTHER INFORMATION.
         ------------------

         Not applicable.

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

     (a)   Not applicable.
     (b)   Report on Form 8-K.
           A Form 8-K was filed on August 26, 1996 to report the resignation
           of the Registrant's accountants, Winter, Scheifley & Associates, P.C.






                                        9



<PAGE>
                                   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.



                                            HOLLYWOOD TRENZ, INC.
                                             (Registrant)


Date:  November 12, 1996                  By:  /s/ Edward R. Showalter
                                               --------------------------------
                                                Edward R. Showalter
                                                Chairman, President, C.E.O.
                                                Principal Financial and Chief
                                                Accounting Officer









                                       10