FORM 10-Q

                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

            Quarterly Report Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

For the Quarter Ended           Commission file
ended MARCH 31, 1998.                       No. 33-17679-D

                          PIERCE INTERNATIONAL, INC.
            (Exact name of registrant as specified in its charter)

COLORADO                       84-1067694
(State or other jurisdiction of                 (I.R.S. Employer ID.)
incorporation or organization)

              6746 S REVERE PKWY SUITE 130, ENGLEWOOD, CO  80112
           (Address of principal executive offices)       (Zip Code)

Registrants's telephone number, including area code (303)-792-0719

     Indicate  by  check  mark whether the registrant (1) has filed all reports
required to be filed by Section  13 or 15 (d) of the Securities Exchange Act of
1934 during the proceeding 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______


      Class                         Outstanding at March 31, 1998

      Common Stock, no par value    6,765,703















                                     INDEX

PART I - FINANCIAL INFORMATION *

      ITEM 1. Unaudited Financial Statements

      Balance Sheets - March 31, 1998 (unaudited)
      and June 30, 1997                                                 3

      Statements of Operations - Three Months Ended
      March  31, 1998 and 1997 (Unaudited) and the
      Year to Date with Last Year Comparison                                  4

      Consolidated Statement of Changes in Stockholders' Equity -
      For The Nine Months Ended March 31, 1998 (Unaudited)                    5
      and  the Years Ended 1996 and 1997.

      Statement of Cash Flows - Nine Months Ended
      March 31, 1996, 1997, and 1998 (unaudited)                        6

      Notes to Financial Statements                                     7

      ITEM 2.  Management's Discussion and Analysis
10

PART II - OTHER INFORMATION

      ITEMS 1 THROUGH 6                                                 11

      Signature                                                         12





*The  accompanying  financial  statements  are  not  covered  by an independent
certified public accountants' report.














<PAGE>

<TABLE>
<CAPTION>
                                              PIERCE INTERNATIONAL, INC.
                                                  BALANCE SHEETS
                                                
                                                   UNAUDITED
                                 ASSETS            March 31,      June 30,
CURRENT ASSETS:                                     1998            1997
<S>                                                 <C>           <C>
              Cash                                  $618          $10,846
              Investments 
               and Stocks                          6,432              162
              Other                                  367              367
                          
              Total current assets                 7,417           11,375
PROPERTY AND EQUIPMENT:          (Note 1)
              Undeveloped land 
               mineral property  (Note 3)        446,123          434,918
              Furniture and equipment              7,705            7,705
              Strawboard equipment (Note 4)       57,120           57,120
                                                 510,948          499,743
              Less accumulated depreciation and
                amortization                     (6,336)           (5,674)
              Net property and equipment         504,611          494,069
OTHER ASSETS                                      81,014           59,405
                                                $593,043         $564,849
                            LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITES:
              Bank Overdraft                          $0               $0
              Accounts payable and accrued
                liabilities                       89,673           85,050
              Advances from officers/directors/
                stockholders  (Note 5)           259,863          242,080
         Total current liabilities               349,537          327,130
NOTE PAYABLE                  (Note 6)           200,000          200,000
STOCKHOLDERS' EQUITY (Notes 7 & 8)
              Preferred stock, no par value;
                400,000 shares authorized;
                80,000 shares issued and 
                outstanding as of December 31, 
                1997 and June 30, 1997            20,000           20,000
              Common stock, no par value;
                30,000,000 shares authorized;
                6,765,703 and 6,380,703
                shares issued and outstanding
                as of December 31, 1997 and 
                June 30, 1997, respectively       844,542         844,542
              Accumulated deficit                (821,035)       (826,823)
                                                   43,507          37,719
                                                 $593,043        $564,849
                                          See notes to financial statements.
</TABLE>





<PAGE>
<TABLE>
<CAPTION>
                       PIERCE INTERNATIONAL, INC.
                          STATEMENTS OF OPERATIONS
                       FOR THE THREE MONTHS ENDED    YEAR TO DATE (NINE MONTHS)
                                   MARCH 31,                MARCH 31,
                                   (UNAUDITED)            (UNAUDITED)
                               1998          1997        1998           1997
<S>                          <C>         <C>          <C>           <C>     
REVENUE:
    Net Sales                $5,500            $0     $40,500       $100,000
         Cost of goods sold     750             -       1,100         70,121
          GROSS MARGIN        4,750             0      39,400         29,879
EXPENSES:
   Administrative            13,886         8,946      52,627         31,151
   Bad debt reserve               0        25,087      23,991         58,194
   Outside services           7,234        17,210      37,271         41,993
   Advertising and promotion     (0)            -       5,114          (300)
         Total expenses      21,120        51,243     119,003        131,038
NET OPERATING INCOME(LOSS)  (16,370)      (51,243)    (79,603)      (101,159)
   Other income              18,000         6,000      54,000         18,000
   Recovery of bad debt           -             -      61,606            (92)
   Foreign exchange loss          -             -           -         (3,499)
   Loss on investment        (2,093)            -     (25,841)             -
   Other expenses            (1,532)            -      (4,374)             -
NET INCOME(LOSS) BEFORE 
   MINORITY                  (1,995)      (45,243)      5,788        (86,750)
MINORITY INTEREST                 -             -           -              -
NET INCOME (LOSS)           ($1,995)     ($45,243)     $5,788       ($86,750)
NET INCOME(LOSS) PER COMMON
   SHARE                    ($0.000)      ($0.007)     $0.001        ($0.014)
WEIGHTED AVERAGE NUMBER OF
   SHARES OUTSTANDING     6,765,703     6,380,703   6,765,703      6,380,703

                           See notes to financial statements.
</TABLE>





<PAGE>


<TABLE>
<CAPTION>
                        PIERCE INTERNATIONAL, INC.
               STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
           FOR THE NINE MONTHS ENDED MARCH 31, 1998 (UNAUDITED)
                AND THE YEARS ENDED JUNE 30, 1996 & 1997

                                                                     TOTAL
                  COMMON STOCK  PREFERRED   AMOUNT  ACCUMULATED    STOCKHOLDERS'
                  SHARES        SHARES              DEFECIT           EQUITY
<S>               <C>           <C>       <C>       <C>              <C>   
BALANCES, 
JUNE 30, 1995     149,517,572    -        $844,542   ($713,631)      $130,911
25 for 1 Reverse'
split
 March 13, 1996  (143,536,869)   -               -           -              -
 Net loss 
 for the year               -    -               -      (6,778)        (6,778)
BALANCES, 
 JUNE 30, 1996      5,980,703    -         844,542    (720,409)        124,133
 Issuance of 
  common stock
  in lieu of 
  compensation        400,000    -               -           -              -
                                               
  Private placement 
  of convertible 
  preferred                -    80,000       20,000           -         20,000
  Net loss for 
   the year                -     -               -    (106,414)       (106,414)
BALANCES, '
 JUNE 30, 1997      6,380,703   80,000      864,542   (826,823)         37,719
 Issuance of 
  common stock
  in lieu of 
  compensation        385,000    -               -            -              -
  Net income for 
  the quarter
  Ended September 
  30, 1997                 -     -               -        50,842        50,842
BALANCES, 
SEPTEMBER 30, 1997  6,765,703   80,000      864,542     (775,981)       88,561
  Net loss for 
  the quarter              
  Ended December 
   31, 1997                -     -               -       (43,059)      (43,059) 
BALANCES, DECEMBER 
 31, 1997           6,765,703   80,000      864,542     (819,040)       45,502
 Net loss for the 
  quarter ended                       
  March 31, 1998           -     -               -        (1,995)      (1,995) 
BALANCES, 
 MARCH 31, 1998     6,765,703   80,000     $864,542    ($821,035)      $43,507
                                          See notes to financial statements.
</TABLE>





<PAGE>

<TABLE>
<CAPTION>
                            PIERCE INTERNATIONAL, INC.
                             STATEMENT OF CASH FLOWS
                                            FOR THE NINE MONTHS ENDED MARCH 31,
                                            (UNAUDITED)
                                             1998          1997           1996
<S>                                        <C>         <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
    Net Income (Loss)                       $5,788      ($86,750)    ($28,563)
    Adjustments to reconcile net loss to
       cash used in operating activities:
               Depreciation and amortization   662           66           662
    Changes in operating assets
    and liabilities:
    Decrease (Increase) in
      accounts receivable                       -        (8,967)        1,098
    Decrease (Increase) in
      related party receivable                  -             -       (13,142)
    (Increase) in other assets             (21,609)           -             -
    Increase in bank overdraft                  -             -       (12,682)
    (Decrease) Increase in accounts
      payable and accrued
       expenses                              4,623       48,575        26,143
    Increase (Decrease) in deferred revenue                            35,144
    Gain(Loss) on sale of investments           -             -        (3,273)
                Net cash used in operating
                  activities               (10,536)     (46,480)        5,387
CASH FLOWS FROM INVESTING ACTIVITIES:
    (Increase)decrease in property and 
      equipment                            (11,205)           -            -
    (Increase) decrease in investments      (6,270)      15,585        (1,125)
                  Net cash used in investing
                    activities             (17,475)      15,585        (1,125)
CASH FLOWS FROM FINANCING ACTIVITIES:
    Receipts/payments on advances from officers/
      directors/stockholders                17,783        9,752         (3,882)
    Proceeds from private placement offering             15,000
                 Net cash provided by
                 financing activities       17,783       24,752        (3,882)
(DECREASE) INCREASE IN CASH                (10,228)      (6,143)          380
CASH, beginning of period                   10,846       13,004           808
CASH, end of period                           $618       $6,861        $1,188
                                    See notes to the financial statements.
</TABLE>





<PAGE>

                       PIERCE INTERNATIONAL, INC.
                                   UNAUDITED
                         NOTES TO FINANCIAL STATEMENTS
                                MARCH 31, 1998

1.    OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

      OPERATIONS  -  Pierce  International,  Inc.  (PI) was incorporated
      under the laws of the State of Colorado on July  22, 1987, for the
      purpose  of  obtaining  capital  to  seek  potentially  profitable
      business  opportunities.   Currently, PI has business interest  in
      two industries, natural resources and industrial development.

      NET INCOME PER COMMON SHARE  -  Net income (loss) per common share
      is  computed  based upon the weighted  average  number  of  shares
      outstanding during  the period.  Common stock equivalents were not
      considered (for losses  only),  as  their  effect  would  be anti-
      dilutive.

      PROPERTY, EQUIPMENT, DEPRECIATION AND AMORTIZATION - Property  and
      equipment  are  stated  at cost. Depreciation is being provided by
      the straight-line method  over  estimated useful lives of three to
      five  years.   All  costs related to  the  acquisition  (including
      associated legal and  other  costs),  exploration, evaluation, and
      development,  of  the mineral properties  have  been  capitalized.
      These costs will be amortized by the units-of-production method of
      accounting based upon estimated recoverable reserves.

      CONTINUING OPERATIONS - The accompanying financial statements have
      been  prepared  on  a  going  concern  basis,  which  contemplates
      continuity  of  operations   and   realization   of   assets   and
      satisfaction of liabilities in the normal course of business.  The
      continuation  of  the Company as a going concern is dependent upon
      the  Company  raising   additional   capital,  and  attaining  and
      maintaining  profitable  operations.   The  Company  has  suffered
      recurring  losses  from  operations that raise  substantial  doubt
      about its ability to continue as a going concern.

2.    UNAUDITED INFORMATION:

      The information furnished  herein  was  taken  from  the books and
      record  of  the  Company without audit.  However, such information
      reflects all adjustments  (consisting  only  of  normal  recurring
      adjustments) which are, in the opinion of management, necessary to
      reflect  properly  the  results  of the interim periods presented.
      Results  of  operations  for  the  periods   presented   are   not
      necessarily indicative of the results to be expected for the year.
      These  interim  financial statements should be read in conjunction
      with the Company's  annual  report and report on Form 10-K for the
      year ended June 30, 1997.















<PAGE>
                       PIERCE INTERNATIONAL, INC.
                                   UNAUDITED
                         NOTES TO FINANCIAL STATEMENTS
                                MARCH 31, 1998


3.    UNDEVELOPED MINERAL PROPERTY:

     On June 11, 1996, PI reclaimed the "Como" property from Pierce
International Discovery, Inc. (PIDI).  PIDI, a 17.24% owned subsidiary,
 failed to comply with the stock purchase agreement.  Como consists of
 gold and gravel mining leases on a property situated approximately 50
   miles southwest of  Denver, Colorado, near Como, Colorado in Park
                                County.

                        4.STRAWBOARD INVESTMENT:

      The  Company  purchased strawboard  equipment  for  $57,120.
      This equipment  is  seen  as  an  investment and the Company
      intends to resell the equipment.

5.    RELATED PARTY PAYABLE AND RELATED PARTY TRANSACTIONS:

Advances include $196,863 due Pierce D. Parker, Officer and Director, or
    his company, Parker Consulting Services, and $63,000 is accrued
                 consulting fees due Pierce D. Parker.

                             6.COMMITMENTS:

   As of March 31, 1998, PI had the following long term note payable:

                    PCS Profit Sharing Plan$200,000

  PI is obligated to pay $200,000 to Parker Consulting Services Profit
 Sharing Plan, owned by Pierce D. Parker, for funds it pledged for the
 purpose of funding the Como project.  This debt is to be paid from net
                profits generated by the Como property.

                        7.STOCKHOLDERS' EQUITY:

    As of March 31, 1998, PI had 6,765,703 common shares issued and
 outstanding.  There are 30,000,000 shares authorized.  A reverse split
           of 1 for 25 shares was approved on March 13, 1996.

 Of the total shares outstanding, 160,000 shares were issued as part of
  PI's initial public offering and are free trading stock.  All other
 shares have been held a minimum of 1 year and could be sold under Rule
                                  144.












<PAGE>
                       PIERCE INTERNATIONAL, INC.
                                   UNAUDITED
                         NOTES TO FINANCIAL STATEMENTS
                                MARCH 31, 1998

7.    STOCKHOLDERS' EQUITY:(CONTINUED)

      The Company issued 80,000 shares of convertible Series I preferred
      stock.   The  stock  was  issued  in conjunction  with  a  private
      placement conducted by the Company.   There  are 400,000 shares of
      preferred stock authorized and may be determined  by  the Board of
      Directors as to dividend rights, dividend rate, conversion rights,
      voting   rights,   redemption   rights   and   terms,  liquidation
      preferences, the number of shares constituting the  series and the
      designation of each series.

      The Series I Convertible Preferred Stock holders are  entitled  to
      dividends when and as declared by the Company's Board of Directors
      from  funds  which  are legally available.  The Series I Preferred
      Stock is convertible,  at  any  time  into  an identical number of
      shares of the Company's Common Stock.  Holders  of  the  Series  I
      Convertible  Preferred Stock are entitled to one vote per share on
      all matters submitted  to  a  vote  of the Company's shareholders.
      Series  I Convertible Preferred Stock  does  not  have  preemptive
      rights and it is not redeemable.

8.    INCENTIVE STOCK OPTION PLAN:

 On August 10, 1987, the Company adopted an Incentive Stock Option Plan
  (the "Plan") under which options granted are intended to qualify as
  "incentive stock options" under Section 422A of the Internal Revenue
code of 1954, as amended (the "Code"). Pursuant to the Plan, options to
   purchase up to 400,000 shares of the Company's Common Stock may be
 granted to employees of the Company.  The Plan is administered by the
    Board of Directors which is empowered to determine the terms and
 conditions of each option, subject to the limitation that the exercise
 price cannot be less than the market value of the Common Stock on date
of the grant (110% of the market value in the case of options granted to
  an employee who owns 10% or more of the Company's outstanding Common
 Stock) and no option can have a term in excess of 10 years (5 years in
  the case of options granted to employees who own 10% or more of the
                        company's Common Stock).

 As of the date of this report, no options have been granted under this
                                 Plan.


















<PAGE>
ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS FOR THE QUARTER ENDED MARCH  31, 1998.

INTRODUCTION

      The Company  is concentrating on its two major industries, natural
resources  and  industrial   development.    The  Company  is  making  a
concentrated  effort  to  sell  strawboard  equipment,  and  to  presell
strawboard.

LIQUIDITY

      Working capital at March 31,  1998  was  a  negative  $342,120.  A
significant   portion   of   current   liabilities   are  advances  from
stockholders.  Cash flow continues to be irregular and  the Company will
continue  to  rely heavily on its current investments to produce  future
cash flow.


RESULTS OF OPERATIONS

      During the  quarter ended March 31, 1998, the Company had net loss
of $1,995.  The Company  had  an operating loss of $16,370.  The Company
failed to generate income from  operations  and it continues to struggle
to develop reoccurring revenue.































<PAGE>
PART II - OTHER INFORMATION

ITEMS #1 THROUGH #6 (a) - No response required.

ITEM 6 (b) - No reports were filed on the Form  8-K  during  the quarter
ended March 31, 1998.

















































<PAGE>
                               SIGNATURES


      Pursuant  to  the  requirements of the Section 13 or 15(d) of  the
Securities Act of 1934, the Registrant has duly caused this Report to be
signed on its behalf by the undersigned, thereunto duly authorized.

                                    PIERCE INTERNATIONAL, INC.

Dated:  May 15, 1998                BY:  /s/ Pierce D. Parker

                                          Pierce D. Parker,
                                          President (Chief Financial and
                                          Accounting Officer)