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:   December 31, 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 organization)                            identification number)

1999 Broadway, Ste. 3235, Denver, Colorado                        85718
(Address of principal executive offices)                       (Zip Code)       


Issuer's telephone number, including area code:  (303) 292-2992

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 March 23, 1997,  there
were approximately 3,650,000 shares outstanding.


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<PAGE>


                         PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

                              CNH HOLDINGS COMPANY

                                 BALANCE SHEETS


               December 31, 1997      March 31, 1997
                 (unaudited)

ASSETS

Assets                                             $      --        $      --


LIABILITIES AND STOCKHOLDERS
   EQUITY

Liabilities                                        $      --        $      --

Stockholders' Equity
   Preferred stock, $.001 par value,
   1,000,000 shares authorized, no
   shares issued and outstanding

Common stock, $.001 par value,
   10,000,000 shares authorized, 3,625,000
   shares issued and outstanding                       362,500          229,531
   on December 31, 1997, and 400,000 issued
   and outstanding on March 31, 1997

Additional paid-in capital 4,482,953                 4,482,953
Accumulated deficit                                 (4,845,453)      (4,712,484)

       Total stockholders' equity                         --               --

                                                   $      --        $      --




The Company discontinued operations effective December 31, 1990

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<PAGE>


                               CNH HOLDING COMPANY

                             STATEMENT OF OPERATIONS

                                Six months ended      Three months ended
                                  December 31,            December 31,
                                1997        1996       1997        1996
                                ----        ----       ----        ----

(Loss) from
discontinued operations      $    --          --          --         --

    Net loss                 $(132,969)       --          --         --

Net income (loss)
  per common share           $    (.16)       --          --         --

Weighted average shares
  outstanding                  834,134     400,000   1,229,156    400,000





The Company discontinued operations December 31, 1990

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<PAGE>



                              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

On December 9, 1997, the Company  entered into a  reorganization  Agreement (the
Reorganization  Agreement) with GNC Corporation,  a Nevada corporation (GNC) and
the sole shareholder of GNC, that being DRC, Inc., a Nevada  corporation  (DRC),
pursuant  to  which  the  Company  agreed  to  acquire  all of  the  outstanding
proprietary  interest of GNC in a  share-for-share  exchange which  subsequently
resulted  in GNC  becoming a  wholly-owned  subsidiary  of the  Company  and DRC
acquiring  control of the Company through its share  ownership.  The acquisition
closed  subsequent to the period covered by this report.  DRC now owns 2,500,000
shares of the common shares of the Company.

GNC owns and operates a restaurant and bar in Las Vegas,  Nevada,  known as Tune
Town, which also has approximately fifteen slot machines.

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 and had none during
the period covered by this report. A capital  infusion  provided for the payment
of all  administrative  expenses  incurred  through  the period  covered by this
report.

                           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.


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<PAGE>


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

A Form 8-K were filed by the  Company  during the period  covered by this report
which reported the acquisition of GNC.

                                   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 24th day of March,
1998.

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


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