<PAGE> 1

=================================================================
                                                            
                            FORM 10-Q
                SECURITIES AND EXCHANGE COMMISSION
                    Washington, D. C.   20549

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

          For the quarterly period ended March 31, 1998.


[   ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
          OF THE SECURITIES EXCHANGE ACT OF 1934
          For the transition period from

Commission file number 0-29462


                 MEDICAL MANAGEMENT SYSTEMS, INC.
     (Exact name of Registrant as specified in its charter.)

State of Colorado                  95-4121451
(State of other jurisdiction of    (I.R.S. Employer
incorporation or organization)     Identification No.)

5459 South Iris Street
Littleton, Colorado                     80123
Address of principal executive offices. (Zip Code)


Telephone number, including area code:  (303) 932-9998

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 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           NO  [ x ]      
   (Not subject to filing requirements until October 5, 1997.)
                                                  
The number of shares outstanding of the Registrant's Common
Stock, no par value per share, at March 31, 1998 was 18,310,330.

================================================================= 





<PAGE> 2

                              PART I


ITEM 1.   FINANCIAL STATEMENTS.

                 MEDICAL MANAGEMENT SYSTEMS, INC.
                  (A Development Stage Company)
                          BALANCE SHEETS
                    March 31, 1998 (Unaudited)

                             ASSETS 

<TABLE>
<CAPTION>
<S>                                     <C>                 
Cash                                    $      525          
                                        ----------          
Total Assets                            $      525          
                                        ==========          

               LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities
 Advances from related partites         $   26,835          
          
                                        ----------          
     
Total Liabilities                           26,835          

Stockholders Equity 
   Preferred stock, 10,000,000  
    shares authorized, no par 
    value; none issued and
    outstanding                                  -          
   Common stock, 40,000,000 
    shares authorized, no par
    value; 18,310,330 shares 
    issued and outstanding               1,241,015          
   Accumulated deficit                  (1,267,325)         
                                        ----------          

     Total Stockholders' Equity            (26,310)         
                                        ----------          
Total Liabilities and 
    Stockholders' Equity                $      525          
                                        ==========          
</TABLE>




         See accompanying notes to financial statements.

                               F-1

<PAGE> 3

                 MEDICAL MANAGEMENT SYSTEMS, INC.
                  (A Development Stage Company)
                     STATEMENTS OF OPERATIONS
        For the Three Months Ended March 31, 1998 and 1997
        and for the Period from Inception as a Development
                 Stage Company to March 31, 1998 
<TABLE>
<CAPTION>
                                                            From Inception 
                              Three          Three          of Development
                              Months         Months         Stage to March
                              1998           1997           31, 1998 
                              (Unaudited)    (Unaudited)    (Unaudited)
<S>                           <C>            <C>            <C>
CONTINUING OPERATIONS
Revenues - interest income    $     90       $     -        $      90
General and administrative 
 expenses                        3,927         16,920          37,384
                              --------       --------       ---------
 Loss from continuing 
  operations                    (3,837)       (16,920)        (37,274)

DISCONTINUED OPERATIONS
Loss on disposal of 
 business                           -              -          (60,000)
Gain from recovery of 
 bad debts                          -              -           10,000
                              --------       --------       ---------
 Income (loss) from 
 discontinued operations            -              -          (50,000)
                              --------       --------       ---------

INCOME (LOSS) BEFORE
 EXTRAORDINARY ITEM             (3,837)            -          (87,274)

EXTRAORDINARY ITEM
 Relief of liabilities              -              -            6,358
                              --------       --------       ---------

NET LOSS                      $ (3,837)      $     -        $ (80,916)
                              ========       ========       =========
</TABLE>











         See accompanying notes to financial statements.

                               F-2 

<PAGE> 4 

                 MEDICAL MANAGEMENT SYSTEMS, INC.
                  (A Development Stage Company)
                    STATEMENTS OF CASH FLOWS 
        For the Three Months Ended March 31, 1998 and 1997
        and for the Period from Inception as a Development
                 Stage Company to March 31, 1998
<TABLE>
<CAPTION>
                                                                 From
                                                                 Inception of
                                                                 Development
                                                                 Stage
                                                                 Company to
                                   1998           1997           03/31/98 
                                   (Unaudited)    (Unaudited)    (Unaudited)
<S>                                <C>            <C>            <C>
CASH FLOWS FROM OPERATIONS
Net income                         $ (3,837)      $ (16,920)     $ (80,916)
Adjustments to reconcile net loss
 to net cash used by operating 
 activities:
(Gain) loss on disposal of business      -               -          43,642
Changes in current assets and      
liabilities                          (1,115)             -          (8,000)
                                  ---------       ---------      ---------
Net cash used by operations          (4,952)        (16,920)       (45,274)

CASH FLOWS FROM INVESTING ACTIVITIES
Collection of note receivable         1,500              -          10,000
                                  ---------       ---------      ---------
Net cash provided by 
  investing activities                1,500              -          10,000
                                  ---------       ---------      ---------
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from related parties         3,526          16,920         26,835      
                                  ---------       ---------      ---------
Net cash provided by financing
 activities                           3,526          16,920         26,835      
                                  ---------       ---------      ---------
NET INCREASE (DECREASE) IN CASH          74              -          (8,439)

CASH, Beginning Of Period               451              -           8,964
                                  ---------       ---------      ---------
CASH, End Of Period               $     525       $      -       $     525
                                  =========       =========      =========
SUPPLEMENTAL DISCLOSURE OF CASH 
 FLOW INFORMATION
Settlement of account payable     $      -        $      -       $   6,358
                                  =========       =========      =========
Common Stock issued to retire      
 notes payable and accrued 
 liabilities                      $      -        $      -       $ 235,000
                                  =========       =========      =========
</TABLE>

         See accompanying notes to financial statements.

                               F-3

<PAGE> 6         MEDICAL MANAGEMENT SYSTEMS, INC.
                  NOTES TO FINANCIAL STATEMENTS

1.   ORGANIZATION
  
     Medical Management Systems, Inc. (the "Company") was
incorporated as Apache Investments, Inc. in 1987 under the laws
of the State of Colorado.  In February 1992, the Company
commenced its initial principal operations of owning and
operating a pet school and kennel in Grand Prairie, Texas.  In
September 1991, the name of the Company was changed to Dog World,
Inc.  In June 1993, the Company acquired a veterinary practice in
Irving, Texas.  In April 1995, substantially all the Company's
assets and business operations were sold.  The Company
subsequently changed its name to Medical Management Systems, Inc.
and has been in the development stage since the sale.

     The Company currently has no business operations and intends 
to actively seek, locate, evaluate, structure and complete
mergers with or acquisitions of private companies, partnership or
sole proprietorships.

2.   OTHER INCOME AND NOTE RECEIVABLE

     On May 7, 1997, the Company reached an agreement with a
director of the Company whereby the director agreed to pay $8,500
in cash along with a promissory note for $1,500 in settlement of
a dispute involving the sale of Company assets in April 1995.  In
addition, the director agreed to surrender options granted him to
acquire 985,333 shares of the Company's common stock, execute a
Consent of Directors previously executed by all other directors,
transfer 25,000 shares of common stock to another officer and
director and release the Company from all claims, demands and
obligations.  The Company accepted the cash and note in
satisfaction of a $60,000 note due from the director which had
been written off and recorded as a loss in its financial
statements for the year ended December 31, 1996.

     The Company used $8,000 of the cash received to settle an
outstanding trade payable.  The difference between the amount
that had been due, $14,358, and the amount paid has been
recognized as income from relief of indebtedness.

     The $1,500 note, along with interest accrued at 12%, was
paid in full in February 1998.

3.   ADVANCES FROM RELATED PARTIES

     The Company is obligated to two stockholders and directors
of the Company for payments they have made form personal funds
for Company expenses.  The amount $26,835 at March 31, 1998, is
payable without interest when the Company has the funds
available.
                               F-4

<PAGE> 7

MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND
FINANCIAL CONDITIONS

Results of Operations - (July 30, 1987) through March 31, 1998.

     The Company is considered to be in the development stage as
defined in Statement of Financial Accounting Standards No. 7. 
There have been no operations since April 1995 when the Company
sold substantially all of its assets in pet care and veterinary
services.  Since April 1995, the Company has been dormant.

     On May 7, 1997, the Company reached an agreement with a
former director of the Company whereby the former director agreed
to pay $8,500 in cash along with a promissory note for $1,500 in
settlement of a dispute involved in the sale of Company assets in
April 1995.  In addition, the former director agreed to surrender
options granted him to acquire 985,333 shares of the Company's
common stock and release the Company from all claims, demands and
obligations.  The Company accepted the cash and note in
satisfaction of a $60,000 note due from the former director which
had been written off and recorded as a loss in its financial
statements for the year ended December 31, 1996.  The promissory
note carries interest at 12%, is unsecured and is due with
accrued interest six months from the agreement date.

     The Company used $8,000 of the cash received to settle an
outstanding trade payable. The difference between the amount that
had been due, $14,358, and the amount paid has been recognized as
income from relief of indebtedness.

     In August 1995, the Company changed its business purpose to
a blank check company.

Liquidity and Capital Resources.
     
     The Company has 18,310,330 shares of Common Stock
outstanding.  The Company has no current operating history and no
material assets.  The Company has $525.00 in cash as of March 31,
1998. 


                             PART II

ITEM 1.  LEGAL PROCEEDINGS.

No material legal proceedings are pending which the registration
is a party or of which any of Registrant's property is the
subject matter. No legal proceedings are known to be contemplated
by any governmental authorities.



<PAGE> 8

ITEM 2.  CHANGES IN SECURITIES.

No constituent instruments defining the rights of the holders of
any class of registered securities of the Registrant have been
materially modified.  No rights evidenced by any class of
registered securities have been materially limited or qualified
by the issuance of modification of any other class of securities. 
There are no working capital restrictions or other limitations
upon the payment of dividends except as reported in Registrant's
Form 10.  


ITEM 3.  DEFAULTS UPON SENIOR SECURITIES.

There have been no material defaults in the payment of principal
interest, a sinking or purchase fund installment, or any other
material default not cured within thirty days, with respect to
any indebtedness of the Registrant or any of its significant
subsidiaries exceeding five percent (5%) of the total assets of
the Registrant and its consolidated subsidiaries.


ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITYHOLDERS.

No matters were submitted to a vote of securityholders during the
period covered by this Form 10-Q.


ITEM 5.  OTHER INFORMATION.

None

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.

No reports on Form 8-K have been filed during the quarter for
which this Form 10-Q is filed.

                          EXHIBIT INDEX

27   Financial Data Schedule. 













<PAGE> 9

                            SIGNATURES
          
          Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned thereto duly authorized.

          Dated this 31st day of May, 1998. 

                              MEDICAL MANAGEMENT SYSTEMS, INC. 
                              (the "Registrant")

                              BY:  /s/ Philip J.  Davis,
                                   President and a member of the
                                   Board of Directors


                              BY:  /s/ Charles C. Van Gundy,
                                   Treasurer, Chief Financial
                                   Officer and a member of the
                                   Board of Directors