SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)

[X]  UARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

For the quarterly period ended:   June 30, 1998

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)

                     P.O. Box 832, Kilgore, Texas         75663
               (Address of principal executive offices) (Zip Code)



Issuer's telephone number, including area code:  (903) 984-6425

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 November 11, 1998, there
were approximately 7,194,210 shares outstanding.



                                      
<PAGE>



PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements



                              CNH HOLDINGS COMPANY
                                 AND SUBSIDIARY




                                                               1998
                                                               ----
                                                       June 30       March 31
                                                       -------       --------
                                     ASSETS


Current Assets:
      Stock subscriptions receivable                 $   100,000        100,000
                                                     -----------    -----------

Investments:
      Oil and gas properties                             144,146           --
      The NORM Services Group, Inc.                       40,580           --
                                                     -----------    -----------
           Total investments                             184,666           --
                                                     -----------    -----------

Organization costs                                         1,000           --
                                                     -----------    -----------

           Total assets                              $   285,666        100,000
                                                     ===========    ===========


                              STOCKHOLDERS' EQUITY

Preferred Stock, Class A 10% dividend
      bearing. Authorized 1,000,000 shares, $.01
      par value, issued 200,000 shares               $     2,000           --

Common Stock, $.001 par value, 10,000,000
        shares authorized, 6,950,000 shares
        issued at June 30, 1998 and 950,000
        shares issued at March 31, 1998                    6,950            950

Additional paid-in capital                             5,118,700      4,941,034

Accumulated deficit                                   (4,841,984)    (4,841,984)
                                                     -----------    -----------

           Total  Stockholders' Equity               $   285,666    $   100,000
                                                     ===========    ===========



<PAGE>
<TABLE>
<CAPTION>

                                                     CNH HOLDINGS COMPANY
                                                       AND SUBSIDIARIES

                                                PRO-FORMA STATEMENT OF EARNINGS
                                                Three Months Ended June 30, 1998



                                                         CNH       Southport    The NORM        NSG     Elimination    Combined
                                                       Holding   Environmental  Services      Rentals                  Pro-Forma
                                                      Company 1   &  Develop-  Group, Inc.
                                                                  ment, Inc 1  
                                                      --------------------------------------------------------------------------

<S>                                                    <C>         <C>           <C>           <C>        <C>           <C>    
Revenues                                               $  --          --         500,242       51,898     (47,342)2     504,798

Costs and expenses
      Direct costs                                        --          --         382,616       15,137     (47,342)2     350,411
      Depreciation and amortization                       --          --           5,164        3,941          --         9,105
      Selling, administration and general expense         --          --          91,420       11,018          --       102,438
                                                       -------    --------      --------     --------     ---------    --------
                                                          --          --         479,200       30,096       (47,342)    461,954
                                                       -------    --------      --------     --------     ---------    --------
         Operating Profit                                             --          21,042       21,802          --        42,844

Other income (expense)
      Interest expense                                    --          --         (14,909)      (1,613)         --       (16,522)
                                                       -------    --------      --------     --------     ---------    --------

         Net earnings                                  $  --          --           6,133       20,189          --        26,322
                                                       =======    ========      ========     ========     =========    ========






1    The entity had no operations during the three months ended June 30, 1998

2    To eliminate intercompany revenues

</TABLE>

<PAGE>
<TABLE>
<CAPTION>


                                                      CNH HOLDINGS COMPANY
                                                        AND SUBSIDIARIES

                                                     PRO-FORMA BALANCE SHEET
                                                          July 18, 1998

                                                              Assets
                                                              ------


                                                              CNH      Southport    The NORM       NSG      Elimination    Combined
                                                            Holding  Environmental  Services     Rentals                  Pro-Forma
                                                           Company 1  & Develop-   Group, Inc.
                                                                      ment, Inc 1
                                                           -------------------------------------------------------------------------
Current assets:
<S>                                                        <C>         <C>         <C>          <C>          <C>          <C>      
      Cash                                                 $    --     $    --     $  66,054    $   8,691         --      $  74,745
      Accounts receivable                                    100,000        --       258,074       35,486         --        393,560
                                                           ---------   ---------   ---------    ---------    ---------    ---------
         Total current assets                                100,000        --       324,128       44,177         --        468,305
                                                           ---------   ---------   ---------    ---------    ---------    ---------

Investments:
      Southport Environmental & Development, Inc.            145,146        --          --           --       (145,146)        --
      The NORM Services Group, Inc.                          151,106        --          --           --       (151,106)        --
      NSG Rentals                                               --          --        29,546         --        (29,546)        --
      Oil and gas properties                                    --       144,146        --           --           --        144,146
                                                           ---------   ---------   ---------    ---------    ---------    ---------
         Total investments                                   296,252     144,146      29,546         --       (329,798)     144,146
                                                           ---------   ---------   ---------    ---------    ---------    ---------

Equipment, at cost:                                             --          --       142,366      152,340         --        294,706
      Less accumulated depreciation                             --          --        (8,461)      (4,429)        --        (12,890)
                                                           ---------   ---------   ---------    ---------    ---------    ---------
                                                                --          --       133,905      147,911         --        281,816
                                                           ---------   ---------   ---------    ---------    ---------    ---------

Other assets:
      Organization costs, net                                   --         1,000         767         --           --          1,767
                                                           ---------   ---------   ---------    ---------    ---------    ---------

                                                           $ 396,252     145,146     488,346      192,088     (325,798)     896,034
                                                           =========   =========   =========    =========    =========    =========




</TABLE>

<PAGE>
<TABLE>
<CAPTION>


                                               CNH HOLDINGS COMPANY
                                                 AND SUBSIDIARIES

                                              PRO-FORMA BALANCE SHEET
                                                   July 18, 1998

                                       Liabilities and Stockholders' Equity


                                                   CNH         Southport     The NORM        NSG        Elimination      Combined
                                                 Holding     Environmental   Services      Rentals                      Pro-Forma
                                                 Company      &  Develop-   Group, Inc.
                                                               ment, Inc.
                                               ------------------------------------------------------------------------------------
Current liabilities and stockholders' equity:
<S>                                            <C>            <C>           <C>           <C>            <C>            <C>     
      Notes payable                            $      --      $      --     $    70,000   $     5,000           --      $    75,000
      Accounts payable, trade                         --             --         263,549         1,021           --          264,570
      Accrued liabilities                             --             --           3,691         6,354           --           10,045
                                               -----------    -----------   -----------   -----------    -----------    -----------
         Total current liabilities                    --             --         337,240        12,375           --          349,615
                                               -----------    -----------   -----------   -----------    -----------    -----------

Long term debt
      Notes payable, banks                            --             --            --         150,167           --          150,167
                                               -----------    -----------   -----------   -----------    -----------    -----------

Stockholders' equity
      Preferred stock                                2,000           --            --            --          (71,406)         2,000
      Common stocks                                  7,094        145,146        71,406          --         (145,146)         7,094
      Additional paid-in capital                 5,229,142           --            --            --             --        5,229,142
      Retained earnings (deficit)               (4,841,984)          --          79,700        29,546        (29,546)    (4,841,984)
                                               -----------    -----------   -----------   -----------    -----------    -----------
                                                   396,252       145,146       151,106         29,546       (325,798)
                                               -----------   -----------   -----------    -----------    -----------

                                                   396,252        145,146       488,346       192,088       (325,798)       896,034
                                               ===========    ===========   ===========   ===========    ===========    ===========





</TABLE>
<PAGE>

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-QSB  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 had no revenues, operating or otherwise, from
1991 through the period  covered by this report.  Correspondingly,  all expenses
during these  periods were  administrative  in nature and  immaterial in amount.
Further, the acquisition by the Company of Southport Environmental, Inc. (SEDI),
and 1/3rd of the outstanding interest of NORM Services Group, LLC, (subsequently
exchanged for 1/3rd of NORM Services Group,  Inc., in a tax-free  roll-up of the
LLC into a corporation)  did not occur until June 15, 1998, and the  acquisition
by the Company of the remaining  2/3rds interest in NORM Services  Group,  Inc.,
did not occur until August 7, 1998,  substantially  after the period  covered by
this  report.  SEDI  and NORM did not have  significant  operations  during  the
corresponding  period of the previous fiscal year ended March 31, 1998. Thus, no
meaningful  comparison  can be made  between the fiscal  period  covered by this
report and the corresponding period of the previous fiscal year.

Liquidity  and Capital  Resources:  The Company had no  liquidity  sources  from
fiscal 1990 through the calendar year ended 1997,  however, a stock subscription
by a consultant  provided a source of liquidity during the first three months of
fiscal 1999. All administrative matters through June 15, 1998, 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.

                                    
<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 report on Form 8-KSB was filed by the Company at the end of the period covered
by this report  regarding an  acquisition  which  occurred on June 15, 1998. The
final  amendment  relating  to the  report  on Form  8-KSB is being  filed as an
exhibit to 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 16th day of November,
1998.

CNH Holdings Company (Registrant)


By: /s/ Larry V. Tate
   --------------------------------------
   Larry V. Tate, Chief Executive Officer

By: /s/ Helen Wallace
   --------------------------------------
   Helen Wallace, Chief Financial
   and Accounting Officer
   and Treasurer
                                  * * * * * * *

                                    


<PAGE>



                                    EXHIBITS

Exhibit No. 1: Form 8-KSB/A dated November 16, 1998.