<PAGE>
         UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                       Washington, DC 20549
                               
                           FORM 10-QSB
              
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 ________, 19___ to ________, 19___.
 
                 Commission File Number: 0-17204
                                
                          INFINITY, INC.
 ----------------------------------------------------------------
(Exact Name of Small Business Issuer as Specified in its Charter)
  
          Colorado                                  84-1070066
-------------------------------         ------------------------------------
(State or Other Jurisdiction of         (IRS Employer Identification Number)
 Incorporation or Organization)

                   211 West 14th Street, Chanute, Kansas  66720
    ----------------------------------------------------------
    Address of Principal Executive Offices, Including Zip Code
  
                          (316) 431-6200
          ----------------------------------------------
         (Issuer's Telephone Number, Including Area Code)
  
Check whether the Issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 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.

                         X Yes         ---- No
  
There were 11,246,846 shares of the Registrant's Common Stock outstanding as
of December 31, 1997.
<PAGE>
                         INFINITY, INC.
                          FORM 10-QSB
                             INDEX
                                
Part I    Financial Information                             Page Number
  
Item 1.   Financial Information:
  
          Condensed Consolidated Balance Sheets..............        3
  
          Condensed Consolidated Statements of Operations....        4
  
          Condensed Consolidated Statements of Cash Flows....        5
  
          Notes to Financial Statements......................        6
  
Item 2.   Management's Discussion and Analysis or
          Plan of Operations.................................        9
  
Part II:  Other Information..................................       13

                                2
<PAGE>
                 INFINITY, INC. AND SUBSIDIARIES
                   CONSOLIDATED BALANCE SHEETS
                      
                       ASSETS                                     (Note)
                                                Dec 31, 1997  March 31, 1997
CURRENT ASSETS
     Cash                                       $   656,333    $    52,725
     Accounts Receivable, less allowance
       for doubtful accounts                        278,282        400,274
     Inventories                                    196,198        197,731
     Prepaid Expenses                                24,096         18,220
          TOTAL CURRENT ASSETS                    1,154,909        668,950
  
PROPERTY AND EQUIPMENT, at cost, less
     accumulated depreciation                     3,994,476      4,192,684
OIL AND GAS PROPERTIES, using the full
     cost method, less accumulated depletion      4,060,936      2,638,126
INTANGIBLE ASSETS, at cost, less
     accumulated amortization                       201,029        246,856
INVESTMENT in unconsolidated subsidiary                   -         82,545
          TOTAL ASSETS                            9,411,350      7,829,161
               
               LIABILITIES
  
CURRENT LIABILITIES
     Accounts Payable                               688,251        988,026
     Accrued Expenses                               296,614        303,386
     Current portion of deferred revenue             60,000         60,000
     Notes payable                                  183,000        284,000 
     Current portion of long-term debt              316,089        318,643
          TOTAL CURRENT LIABILITIES               1,543,954      1,954,055
  
LONG-TERM LIABILITIES
     Long-term debt, less current
       portion above                              1,826,139      1,897,280
     Note payable, related party                    309,968        309,968
     Deferred revenue, less current
       portion above                                137,506        167,936
          TOTAL LIABILITIES                       3,817,567      4,329,239
  
          STOCKHOLDER'S EQUITY
 
CAPITAL CONTRIBUTED
     Common stock, par value $.0001, authorized
     300,000,000 shares, issued and outstanding
     11,246,846 shares; 9,860,564 shares              1,125            986
     Additional paid-in-capital                   9,710,005      7,927,855  
          TOTAL CAPITAL CONTRIBUTED               9,711,130      7,928,841
RETAINED EARNINGS (DEFICIT)                      (4,117,347)    (4,428,919)
          TOTAL STOCKHOLDERS' EQUITY              5,593,783      3,499,922
  
          TOTAL LIABILITIES AND
            STOCKHOLDERS' EQUITY                $ 9,411,350    $ 7,829,161
  
The consolidated balance sheet at March 31, 1997 has been derived from the
audited financial statements at that date.

                    See Notes to Financial Statements
                               -3-
<PAGE>
                 INFINITY, INC. AND SUBSIDIARIES
        CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
                               
                                                   Three Months Ended Dec 31,
                                                     1997             1996
NET SALES                                        $ 1,062,950      $ 1,201,872
  
COST OF GOODS SOLD                                   683,318          632,825
  
     GROSS PROFIT                                    379,632          569,047
  
OPERATING EXPENSES
     Salaries                                        122,415          148,252
     Taxes                                            54,533           45,634
     Consulting fees                                   1,645            8,583
     Professional Services                            24,960            6,608
     Research & Development                            2,202            1,462
     Travel & Entertainment                           12,664            6,712
     Insurance                                        40,765           57,589
     Advertising                                       4,337            1,659
     Office Supplies & Expense                        13,058           11,471
     Telephone                                        23,551           24,076
     Rent & Utilities                                 33,679           30,999
     Depreciation & Amortization                     189,593          169,060
     Other Expenses                                   13,296           21,949
          TOTAL OPERATING EXPENSES                   536,698          534,054

          OPERATING INCOME (LOSS)                   (157,066)          34,993

OTHER INCOME (EXPENSE)
     Interest Income & Finance Charges                 1,142               29
     Interest Expense                                (52,525)         (69,973) 
     Rent and Other Income                            28,426           16,556
     Gain on sales of assets                               -           31,126
  
          TOTAL OTHER INCOME (EXPENSE)               (22,957)         (22,262)
  
          NET INCOME (LOSS)                      $  (180,023)     $    12,731 
  
          NET LOSS PER COMMON SHARE              $     (0.02)     $      0.00
            Weighted Average Shares Outstanding   10,591,523        9,453,315  

                See Notes to Financial Statements
                                4
<PAGE>
                 INFINITY, INC. AND SUBSIDIARIES
        CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

                                                   Nine months Ended Dec 31,
                                                     1997             1996
NET SALES                                        $ 3,695,014      $ 3,899,613
  
COST OF GOODS SOLD                                 1,888,523        2,084,434
  
     GROSS PROFIT                                  1,806,491        1,815,179
  
OPERATING EXPENSES
     Salaries                                        315,385          493,343
     Taxes                                           168,763          158,710
     Consulting fees                                   3,115           32,238
     Professional Services                            51,610           51,917
     Research & Development                            2,437            4,638
     Travel & Entertainment                           26,317           27,779
     Insurance                                       124,980          200,021
     Advertising                                       7,895            7,430
     Office Supplies & Expense                        29,178           42,301
     Telephone                                        64,199           79,780
     Rent & Utilities                                 99,539          102,596
     Depreciation & Amortization                     543,644          505,941
     Other Expenses                                   35,920           84,387
          TOTAL OPERATING EXPENSES                 1,472,982        1,791,081

          OPERATING INCOME                           333,509           24,098
          
OTHER INCOME (EXPENSE)
     Interest Income & Finance Charges                 1,967            5,168
     Interest Expense                               (116,970)        (209,414) 
     Rent and Other Income                            93,066           16,556
     Gain on sales of assets                               -           31,126
  
          TOTAL OTHER INCOME (EXPENSE)               (21,937)        (156,564)
  
          NET INCOME (LOSS)                      $   311,572      $  (132,466)
  
          NET LOSS PER COMMON SHARE              $      0.03      $      (.01)
            Weighted Average Shares Outstanding   10,255,917        8,832,335

                See Notes to Financial Statements
                                5
<PAGE>
                 INFINITY, INC. AND SUBSIDIARIES
        CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

                                                   Three Months Ended Dec 31,
                                                      1997            1996
CASH FLOWS FROM OPERATING ACTIVITIES
     Net Income (Loss)                            $  (180,023)     $   12,729
     Adjustments to reconcile net loss to 
       net cash used in operating activities
          Depreciation and amortization               189,593         169,060
          Loss on sale of assets                            -         (31,126)
          (Increase) decrease in operating assets
              Accounts Receivable                      87,722           1,409
              Inventories                               1,488           2,931
              Prepaid Expenses                          1,468           5,698
          Increase (decrease) in 
            operating liabilities
              Accounts Payable                       (100,832)        (39,344)
              Accrued Expenses                        (18,375)         17,857
              Deferred revenue                         (5,415)         (5,167)

     NET CASH PROVIDED BY OPERATING ACTIVITIES        (24,374)        134,047
  
CASH FLOWS FROM INVESTING ACTIVITIES
     Purchase of property and equipment               (23,043)       (43,219)
     Proceeds of equipment sold                             -         96,548
     Investment in oil and gas properties            (550,555)      (291,957)
     Investment in intangible assets                  (45,095)       (25,667)

     NET CASH USED IN INVESTING ACTIVITIES           (618,693)      (264,295)
  
CASH FLOWS FROM FINANCING ACTIVITIES
     Increase (decrease) in notes payable              25,442        (96,000)
     Increase in long-term debt                             -              -
     Proceeds from issuance of common stock         1,256,792        187,500
     Repayment of long-term debt                      (90,657)       (90,498)

     NET CASH PROVIDED BY FINANCING ACTIVITIES      1,191,577          1,002
  
     NET INCREASE IN CASH                             548,510       (129,246)
  
CASH, BEGINNING OF PERIOD                             107,823        429,770

     CASH, END OF PERIOD                           $  656,333     $  300,524

                    See Notes to Financial Statements
                                6
<PAGE>
                 INFINITY, INC. AND SUBSIDIARIES
        CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
                              
                                                    Nine Months Ended Dec 31,
                                                        1997         1996
CASH FLOWS FROM OPERATING ACTIVITIES
     Net Income (Loss)                              $   311,572   $ (132,466)
     Adjustments to reconcile net loss to net cash
        used in operating activities
     Depreciation and amortization                      543,644      505,941
     Loss on sale of assets                              42,978      (31,126)
     (Increase) decrease in operating assets
          Accounts Receivable                           121,992      142,066
          Inventories                                     1,533       24,292
          Prepaid Expenses                               (5,876)         682
     Increase (decrease) in operating liabilities
          Accounts Payable                             (171,535)     (79,072)
          Accrued Expenses                               (6,772)     (10,166)
          Deferred revenue                              (30,430)     (29,597)
          NET CASH PROVIDED BY OPERATING ACTIVITIES     807,106      390,554

CASH FLOWS FROM INVESTING ACTIVITIES
     Purchase of property and equipment                (250,496)    (128,670)
     Proceeds of equipment sold                               -       96,548
     Investment in oil and gas properties            (1,501,930)    (535,401)
     Investment in intangible assets                    (58,669)     (40,167)
          NET CASH USED IN INVESTING ACTIVITIES      (1,811,095)    (607,690)
  
CASH FLOWS FROM FINANCING ACTIVITIES
     Increase (decrease) in notes payable              (101,000)           -
     Increase in long-term debt                         193,795            -
     Proceeds from issuance of common stock           1,782,289      582,500
     Repayment of long-term debt                       (267,487)    (248,242) 
          NET CASH PROVIDED BY FINANCING ACTIVITIES   1,607,597      334,258
 
     NET INCREASE IN CASH                               603,608      117,122
  
CASH, BEGINNING OF PERIOD                                52,725      183,402
  
     CASH, END OF PERIOD                             $  656,333   $  300,524

                    See Notes to Financial Statements
                                7
<PAGE>
                 INFINITY, INC. AND SUBSIDIARIES
            NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
            -----------------------------------------

(1)  Summary of significant accounting policies
  
Organization - Infinity, Inc. (Infinity) was organized under the laws of the
State of Colorado on April 2, 1987, primarily for the purpose of engaging in
any lawful business, but intending to acquire business opportunities. 
  
Principles of consolidation - The accompanying consolidated financial
statements include the accounts of the following companies:
  
Parent Company
  
     Infinity, Inc.
  
Wholly-Owned Subsidiaries 
  
     Infinity Research and Development, Inc.
     Consolidated Industrial Services, Inc.
          (incorporated during the year ended March 31, 1994)
     L.D.C. Food Systems, Inc.
          (acquired during the year ended March 31, 1994)
     CIS Oil and Gas, Inc.
          (incorporated during the year ended March 31, 1996)
     Consolidated Pipeline, Inc.
          (incorporated during the year ended March 31, 1996)
  
(2)  Earning (loss) per share
  
Earnings or loss per share is based on the weighted average number of shares
outstanding. The number of shares used in the calculation was 10,255,917 and
8,832,335 for the nine month periods ended December 31, 1997 and 1996,
respectively.  Common stock equivalents are not included in the computation
because their inclusion would be anti-dilutive.
  
(3)  Acquisitions
  
On December 15, 1993, Infinity, Inc. acquired all of the outstanding stock of
L.D.C. Food Systems, Inc., a New Jersey Corporation, in exchange for the
issuance of 74,405 shares of Infinity, Inc.'s common stock.  This transaction
has been accounted for as a pooling-of-interests, and accordingly, prior
period financial statements have been restated as if the entities had been
combined since inception.   Since both companies were development stage
enterprises prior to the acquisition, neither company had recorded revenues
prior to December 1993.
  
In January, 1994, the Company's wholly-owned subsidiary, Consolidated
Industrial Services, Inc., purchased substantially all of the assets,
operating rights and liabilities of Consolidated Oil Well Services, Inc.  The
consolidated statements of operations include the results of operations
related to this acquisition for the period subsequent to January 1, 1994.
  
(4)  Short-Term Borrowings

At December 31, 1997, the Company had $500,000 available under lines of credit
that expire in  February 1998.  These lines of credit are collateralized by
certain equipment and are guaranteed by the company's president.  Interest
                                8
<PAGE>
accrues at 2% above the lender's corporate base rate.  As of December 31,
1997, the company had $183,000 drawn on these lines of credit.
  
(5)  Long-Term Debt
  
On May 31, 1995, the Company obtained $2,500,000 in long-term financing from
Seymour, Inc. (Seymour) collateralized by substantially all of the tangible
property and equipment of its wholly owned subsidiary, Consolidated Industrial
Services, Inc.  The note required monthly payments of interest at 10% for a
period of nine months beginning July 1995.  Thereafter, monthly payments of
principal and interest in the amount of $41,503 are due until maturity in June
1998.  The agreement also contains certain restrictive covenants with respect
to dividends, acquisitions and capital expenditures.  Proceeds from the note
were used to refinance $1,500,000 in short-term borrowings and provide
additional working capital for the Company.
  
In connection with the agreement, the Company issued a warrant to Seymour to
purchase up to 1,250,000 shares of the Company's common stock at an exercise
price of $2.00 per share.  The warrant expires May 6, 1998, 90 days after the
full payment of all principal and interest due on the Seymour note.

(6)  Subsequent Event
  
On February 6, 1998, the Company obtained a $4,000,000 credit facility from
The CIT Group/ Credit Finance, Inc. (CIT).  This facility is secured by
substantially all of the assets of its wholly owned subsidiary, Consolidated
Industrial Services, Inc. and requires monthly interest payments at a rate per
annum of two percent over a bank prime rate.  The facility was initially
funded with $2,700,000 which will be repaid in monthly principal payments of
$45,000 through February 2001.  Also available to the Company is a revolving
line of credit based on eighty percent of trade accounts receivable and a line
of credit of $1,000,000 based on the value of equipment purchased in the
future.  Proceeds of this facility were used to refinance the debt to Seymour,
bank lines of credit, and certain other equipment loans and will provide
working capital for the Company.                                

(7)  Basis of Presentation
  
The accompanying unaudited consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for
interim financial information.  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 accruals) considered necessary for
a fair presentation have been included.
                                9
<PAGE>
Item 2.   Management's Discussion and Analysis or Plan of Operations

          Results of Operations
  
          The oilfield services segment of the Company generated $983,678 in
revenues and $583,692 in cost of sales during the three months ended December
31, 1997, compared to $1,137,676 in revenues and $588,879 in cost of sales for
the three months ended December 31, 1996.  The operating expenses incurred by
the oilfield services segment of the Company were $379,085 for the three
months  ended December 31, 1997 and $380,636 for the three months ended
December 31, 1996.  Net operating income declined to a profit of $20,901 for
the three months ended December 31, 1997 from a profit of $168,161 for the
three months ended December 31, 1996.  This decrease in revenue and the
corresponding decrease in net operating income were primarily caused by wet
and warm weather conditions which restricted the ability of this division to
work in the fields and generate the revenue.
  
          For the nine months ended December 31, 1997, this segment generated
$3,464,525 in revenues and $1,660,532 in cost of sales, compared to $3,633,068
in revenues and $1,891,586 in cost of sales for the nine months ended December
31, 1996.  The operating expenses incurred were $1,093,842 for the nine months
ended December 31, 1997 compared to $1,173,653 for the nine months ended
December 31, 1996.  Net operating income improved to a profit of $710,151 for
the nine months ended December 31, 1997 from a profit of $544,079 for the nine
months ended December 31, 1996.  The improved results are attributed to the
Company's continuing measures to control operating costs.  Depreciation and
amortization expense included in operating expenses for the oilfield services
division was $372,107 for the nine months ended December 31, 1997 and $372,107
for the nine months ended December 31, 1996.
  
          The environmental services segment of the Company generated $68,643
in rental income during the nine months ended December 31, 1997.  This was
offset by depreciation and amortization expense of $129,045 for the same
period.  The company also reported $95,000 in revenue from settlement of a
licensing agreement with BOC Gases regarding certain patents and patent
applications.  This revenue was offset by the unamortized cost of those
patents and applications of $42,654.  This segment of the Company, which
included all water treatment activities, generated $266,545 in revenues and
$190,444 in cost of sales during the nine months ended December 31, 1996. 
Operating expenses incurred by this division were $245,535 for the nine months
ended December 31, 1996, including depreciation and amortization expense of
$123,820.  In October 1996, the Company entered into five year management and
lease agreement that transferred operating responsibility for this segment to
an outside party.  The Company will receive payments of $80,000 per year plus
a percentage of revenues over certain levels.

          The oil and gas production segment of the Company recorded net
revenue from gas sales of $79,272 and operating expenses of $123,027 during
the three months ending December 31, 1997, including $16,244 of depletion and
depreciation expense.  The Company also recorded net revenue from gas sales of
$135,489 and operating expenses of $235,629 during the nine months ending
December 31, 1997, including $33,425 of depletion and depreciation expense The
company first recorded revenues from these properties in July 1997 and the
properties remain under development.  During the last two years, this segment
invested $4,060,936 to acquire property rights, drill and complete thirty gas
wells and construct the related pipeline system to connect to the interstate
transportation system.  The Company has acquired development rights to a total
of 41,000 acres in the Raton Basin in Colorado and is presently developing
additional wells that should begin production during the quarter ended June
30, 1998.
                                10
<PAGE>
          Expenses incurred in corporate activities were $199,803 for the nine
months ended December 31, 1997, compared to $242,596 for the nine months ended
December 31, 1996.  This reduction was substantially achieved in the area of
consulting fees, professional services and facility costs.

          Liquidity and Capital Resources
  
          As of December 31, 1997, the Company had a working capital deficit
of $389,045 compared to a working capital deficit of $1,285,105 at March 31,
1997.  The increase in working capital is primarily due to the proceeds of
sales of common stock and refinancing of long term debt.  
  
          The Company presently has remaining outstanding publicly traded
warrants to purchase shares of Common Stock that, if all were to be exercised,
could result in gross proceeds of approximately $1,400,000.  The Company filed
an amendment to the registration statement relating to the warrants in 
September, 1997, which provided an expiration date of December 31, 1998 for
certain of the warrants.  The Company received approximately $1,260,000 from
the exercise of other warrants which expired December 31, 1997.  There is no
assurance that the Company will be successful in obtaining the exercise of the
remainder of the warrants.
  
          In addition, the Company also issued warrants in conjunction with
the long-term financing on May 31, 1995 that, if exercised, would result in
gross proceeds of $2,500,000.  These warrants can be exercised any time prior
to May 6, 1998, ninety days after the full payment of all interest and
principal due under this financing was made.  There is no assurance that the
company that holds these warrants will choose to exercise the warrants
  
          During the nine months ended December 31, 1997 cash generated by
operating activities was $807,106 compared to cash generated of $390,554 for
the nine months ended December 31, 1996.  The improvement in the amount of
cash generated was due to improvement of the oilfield service activities and
the reduction of water treatment activities.  A decrease of $171,535 in
accounts payable reduced the magnitude of this improvement.
  
          Net cash provided by operation of the oilfield services segment was
$1,082,258 for the nine months ended December 31, 1997.  Net cash provided by
the operation of the environmental services segment was $68,643 from rental
income and $95,000 from the patent settlement.  Net cash used by corporate
activities was $190,736 for the nine month period and net cash used by
operation of the oil and gas development division was $66,715 for the nine
month period.

          Cash flows from investing activities during the nine months ended
December 31, 1997, were ($1,811,095) compared to ($607,690) for the comparable
period of 1996.   The increase is primarily due to the investment to develop
gas production properties of ($1,501,930).
  
          The Company obtained $193,795 in long-term equipment financing debt
and obtained $1,782,289 from issuance of common stock during the nine months
ended December 31, 1997.  This cash received from financing activities was
reduced by the repayment of ($267,487) of long term debt and reduction of the
bank lines of credit by $(101,000).

          On February 6, 1998, the Company obtained a $4,000,000 credit
facility from The CIT Group/Credit Finance, Inc. (CIT).  This facility is
secured by substantially all of the assets of its wholly owned subsidiary,
Consolidated Industrial Services, Inc. and requires monthly interest payments
at a rate per
                                11
<PAGE>
annum of two percent over a bank prime rate.  The facility was initially
funded with $2,700,000 which will be repaid in monthly principal payments of
$45,000 through February 2001 when the remaining balance will be due.  Also
available to the Company is a revolving line of credit based on eighty percent
of trade  accounts receivable and a line of credit of $1,000,000 based on the
value of equipment purchased in the future.  Proceeds of this facility were
used to refinance the debt to Seymour, bank lines of credit, and certain other
equipment loans and will provide additional working capital for the Company.  
  
          Seymour, Inc., the creditor repaid by the CIT refinancing, also
holds a warrant that allows it to purchase up to 1,250,000 shares of the
Company's common stock at a price of $2.00 per share.  This warrant is
exercisable until May 6, 1998, ninety days after the promissory note was fully
paid.

          The Company does not have any material commitments for capital
expenditures as of the filing of this Report.  However, the Company is
required to drill a number of gas wells in its Raton Basin properties in order
to retain its rights to further develop these leased properties.

          The Company recently drilled the ten additional gas wells required
to be drilled in southeastern Colorado prior to December 31, 1997, and intends
to drill at least twenty additional wells during each of the next three years. 
This pace of development will meet the requirements of all leases and allow
the Company to continue to develop the 41,000 acres covered by leases on the
properties.  Financing for this future development will be necessary and is
expected to be obtained by borrowing based on the production and reserves of
the existing wells, by pre-selling the gas produced by these wells, or from
proceeds of common stock issued on the exercise of outstanding warrants. 
However, there is no assurance that the Company will be successful in
obtaining such financing.  

                       PART II - OTHER INFORMATION
                                
Item 1.   Legal Proceeding.  None
  
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.  None

Item 5.   Other Information.  None
  
Item 6.   Exhibits and Reports on Form 8-K

          (a)  Exhibits.  None
          (b)  Reports on Form 8-K.  None
                              
                            SIGNATURES
                             
In accordance with the requirements of the Exchange Act, the Registrant caused
this report to be signed on its behalf by the undersigned thereunto duly
authorized.

                                   INFINITY, INC.
  
Dated: February 18, 1998           By: /s/ Stanton E. Ross
                                      Stanton E. Ross, President
                                12
<PAGE>
                                EXHIBIT INDEX
EXHIBIT                                              METHOD OF FILING
--------                                        -----------------------------
  27.    FINANCIAL DATA SCHEDULE               Filed herewith electronically