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:   June 30, 1997

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:   0-17304 

                      CNH Holdings Company
 (Exact name of small business issuer as specified in its charter)

            Nevada                              11-2867201
(State or other jurisdiction of               (I.R.S. employer
incorporation or organiziation)             identification number)

4221 E.  Pontatoc Canyon Dr., Tucson, Arizona      85718
   (Address of principal executive offices)     (Zip Code)

Issuer's telephone number, including area code:     (520) 577-6611

Indicate by check mark whether the issuer (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 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 such filing requirements for
the past 90 days.  Yes  X    No

Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date:  As of
September 5, 1997, there were approximately 400,000 shares
outstanding.

                PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

                      CNH HOLDINGS COMPANY
                         BALANCE SHEETS

                                 June 30, 1997   March 31, 1997
                                  (unaudited)
           ASSETS

Assets                           $    ----       $      ----

          LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities                      $    ----       $      ----

Stockholders' Equity
   Preferred stock, $.01 par value,
      1,000,000 shares authorized,
      No shares issued and 
      outstanding                    ----               ----

Common stock, $.001 par value,
   10,000,000 shares authorized, 
   400,000 shares issued and
    outstanding                       400                400

Additional paid-in capital      4,712,584          4,712,584
Accumulated deficit            (4,712,984)        (4,712,984)

  Total stockholders' equity        -----              -----

                                 $  -----           $  -----


See accompanying notes to financial statements


                       CNH HOLDINGS COMPANY
                     STATEMENT OF OPERATIONS

                                 Three months ended June 30, 
                                 1997                  1996

Income (loss) from
   discontinued operations       $ -----              $ -----
(Loss) on termination of
   operations                    $ -----              $ (381)

Net income (loss)                $ -----              $ (381)

Per share data
      Net income (loss)          $ -----              $   (1)

Weighted average shares 
  outstanding                    400,000              273,076
(1) Less than $.001 per shares

See accompanying notes to financial statements



                       CNH HOLDINGS COMPANY
                     STATEMENT OF CASH FLOWS

                                 Three months ended June 30, 
                                  1997                  1996

Cash flows from operating
 activities:
    Net gain (loss)               $ -----              $ (381)

Adjustments to reconcile
  net gain (loss) to net
  cash provided by operating
  activities
      Increase (decrease) in
      common stock equity           -----                 381

Net cash used in operations       $ -----              $ -----

Net increase (decrease) in cash
 equivalents                      $ -----              $ -----    


See accompanying notes to financial statements

                        CNH Holdings Company
                    Notes to Financial Statements
                           (Unaudited)

In the opinion of management, all adjustments (consisting of normal
recurring adjustments) considered necessary for a fair presentation
of the financial condition of registrant have been included, and
the disclosures are adequate to make the information presented not
misleading.

Note 1.  A summary of significant accounting policies is currently
on file with the U.S. Securities and Exchange Commission in
registrant's Forms S-18 and S-1.

Note 2.  The loss per share was computed by dividing net loss by
the weighted average number of shares of common stock outstanding
during the period.

Note 3.  Registrant has not declared or paid dividends on its
common shares since inception.

Note 4.  The accompanying unaudited financial statements have been
prepared in accordance with the instructions to Form 10-Q and do
not include all information and footnotes required by generally
accepted accounting principles for complete financial statements.

Note 5. Income taxes have not been provided for in that registrant
has not had a tax liability from inception to the date of these
notes.
Item 2.  Management's Discussion and Analysis of Financial
Condition and Results of Operations

Results of Operations

The Company has had no revenues, operating or otherwise, since
1991.  Correspondingly, all expenses during these periods were
administrative in nature and immaterial in amount.  Thus, no
meaningful comparison can be made between these fiscal years.

Liquidity and Capital Resources

The Company has had no liquidity sources since fiscal 1990.  All
administrative matters were provided for by the executive officer
of and attorney for the Company in exchange for those shares issued
to them on May 3, 1996.

                    PART II - OTHER INFORMATION

Item 1.  Litigation

No material legal proceedings to which the Company (or any officer
or director of the Company, or any affiliate or owner of record or
beneficially of more than five percent of the Common Stock, to
management's knowledge) is a party or to which the property of the
Company is subject is pending and no such material proceeding is
known by management of the Company to be contemplated.

Item 2.  Change in Securities

This item is not applicable to the Company for the period covered
by this report.

Item 3.  Defaults Upon Senior Securities

This item is not applicable to the Company for the period covered
by this report.

Item 4.  Submission of Matters to a Vote of Security Holders

There were no meetings of security holders during the period
covered by this report; thus, this item is not applicable.

Item 5.  Other Information

There is no additional information which the Company is electing to
report under this item at this time.

Item 6.  Exhibits and Reports on Form 8-K

No reports on Form 8-K were filed by the Company during the period
covered by this report.


                          SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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 this 8th day of September, 1997.

CNH Holdings Company
(Registrant)

By:     /s/ Paul M.  Lionti
        Paul M.  Lionti, President and Chief Executive Officer



By:     /s/ Paul M.  Lionti
         Paul M.  Lionti, Chief Financial and Accounting Officer  
         and Treasurer