<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 September 30, 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 [ x ]          NO  [   ]    
                                                  
The number of shares outstanding of the Registrant's Common
Stock, no par value per share, at September 30, 1998 was
18,310,330.

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




<PAGE> 2

                              PART I

ITEM 1.   FINANCIAL STATEMENTS.

                 Medical Management Systems, Inc.
                  (A Development Stage Company)
                          BALANCE SHEET
                  September 30, 1998 (Unaudited)

                              ASSETS
<TABLE>
<S>                                               <C>
Cash                                              $      484
                                                  ----------
Total Assets                                      $      484
                                                  ==========
LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities              
  Accounts payable                                $      127
  Advances from related parties                       33,449
                                                  ----------
    Total Liabilities                                 33,576
          

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                               (1,274,107)
                                                  ----------
  Total Stockholders' Equity                         (33,092)
                                                  ----------
  Total Liabilities and 
   Stockholders' Equity                           $      484
                                                  ==========

</TABLE>









<PAGE> 3





                   Medical Management Systems, Inc.
                    (A Development Stage Company)
                       STATEMENT OF OPERATIONS
   For the Three and Nine Months Ended September 30, 1998 and 1997
         and the Period From Inception as a Development Stage
                    Company to September 30, 1998
<TABLE>
<CAPTION>
                                                                   From
                                                                   Inception of
                   Three       Three       Nine        Nine        Development
                   Months      Months      Months      Months      Stage to
                   1998        1997        1998        1998        09/30/98
                   (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)
<S>                <C>         <C>         <C>         <C>         <C>
CONTINUING OPERATIONS
  Revenues         $      -    $    -      $      90   $      -    $      90
  General and 
   administrative 
   expenses            5,350       807        10,709      22,404      44,146
                   ---------   -------     ---------   ---------   ---------
    Loss from continuing   
     operations       (5,350)     (807)      (10,619)    (22,404)    (44,056) 

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

INCOME (LOSS) BEFORE 
  EXTRAORDINARY ITEM  (5,350)     (807)      (10,619)    (12,404)    (94,056)
          
EXTRAORDINARY ITEM
  Relief of liabilities   -         -             -        6,358       6,358
                   ---------   -------     ---------   ---------   ---------
NET LOSS           $  (5,350)  $  (807)    $ (10,619)  $  (6,046)  $ (87,698)
                   =========   =======     =========   =========   =========
</TABLE>











<PAGE> 4




                   Medical Management Systems, Inc.
                    (A Development Stage Company)
                       STATEMENT OF CASH FLOWS
        For the Nine Months Ended September 30, 1998 and 1997
   and For the Period From Inception as a Development Stage Company
                        to September 30, 1998
<TABLE>
<CAPTION>
               
                                                                 From Inception
                                                                 of Development
                                                                 Stage Company
                                   1998          1997            to 09/30/98
                                   (Unaudited)   (Unaudited)     (Unaudited)
<S>                                <C>           <C>             <C>
CASH FLOWS FROM OPERATIONS
  Net loss                         $ (10,619)     $  (6,046)     $ (878,698)
  Adjustments to reconcile net loss 
   to net cash used by operating 
   activities:
   (Gain) loss on disposal of business    -         (16,358)         43,642
  Changes in current assets 
   and liabilities                      (989)        (8,000)         (7,578)
                                   ---------      ---------      ----------
    Net cash used by operating 
     activities                      (11,608)       (30,404)        (51,634)

CASH FLOWS FROM INVESTING ACTIVITIES
  Collection of note receivable        1,500          8,500          10,000
                                   ---------      ---------      ----------
   Net cash provided by 
    investing activities               1,500          8,500          10,000
                                   ---------      ---------      ----------
CASH FLOWS FROM FINANCING ACTIVITIES
 Advances from related parties        10,140         22,376          33,449
                                   ---------      ---------      ----------
  Net cash provided by 
   financing activities               10,140         22,376          33,449
                                   ---------      ---------      ----------
NET INCREASE (DECREASE) IN CASH           32            472          (8,480)

CASH, beginning of period                451             -            8,964
                                   ---------      ---------      ----------
CASH, end of period                $     483      $     472      $      484
                                   =========      =========      ==========
SUPPLEMENTAL DISCLOSURE OF CASH FLOW 
 INFORMATION
  Settlement of account payable    $      -       $   6,358      $    6,358
                                   =========      =========      ==========
  Common stock issued to retire 
   notes payable and accrued 
   liabilities                     $      -       $      -       $  235,000
                                   =========      =========      ==========
</TABLE>


<PAGE> 5
                   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
     or acquisitions of private companies, partnerships or sole
     proprietorships.

2. OTHER INCOME AND NOTE RECEIVABLES

     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 shared 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 indebtness.

     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 from personal funds for
     Company expenses.  The amount, $33,449 at September 30, 1998, is
     payable without interest when the Company has the funds.

<PAGE> 6

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

Results of Operations - (July 30, 1987) through September 30, 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 $484.00 in cash as of September 30, 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> 7

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.

On October 28, 1998, the Company issued 3,344,934 restricted shares
of Common Stock to Philip J. Davis in consideration of cash advances
to the Company in the amount of $16,724.67 and 3,344,934 restricted
shares of Common Stock to John C. Lee in consideration of cash
advances to the Company in the amount of $16,724.67.  The foregoing
shares were issued pursuant to Sectin 4(2) of the Securities Act of
1933.

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> 8

                              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 12th day of November, 1998. 

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



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