UNITED STATES

                     SECURITIES AND EXCHANGE COMMISSION

                           Washington, D.C. 20549

                                 FORM 10-QSB

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

For the quarterly period ended         March 31, 1997

Commission file Number          0-20193

                       AMERICOMM RESOURCES CORPORATION
           (Exact name of registrant as specified in its charter)

           Delaware                               73-1238709
(State or other jurisdiction of               (I.R.S. Employer
incorporation or organization)                Identification No.)

9 E. 4th Street, Suite 305, Tulsa, Oklahoma       74103-5109
(Address of principal executive offices)          (Zip Code)

Registrant's telephone number, including area code:  (918) 587-0096

     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 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 practical date:

     Common Stock, $.001 Par Value - 11,204,592 shares as of March 31, 1997.

<PAGE>
<TABLE>

                       PART I. - FINANCIAL INFORMATION

                       AMERICOMM RESOURCES CORPORATION

                                BALANCE SHEET


(Amounts in thousands, except per share data)
<CAPTION>
                                                   March 31, 1997
                                                   ______________

<S>                                                <C>
ASSETS
Current assets
   Cash and cash equivalents                       $       49,387
   Prepaid expenses                                             0
                                                   ______________
Total Current Assets                               $       49,387
Investments in prospects                                  806,711
                                                   ______________
TOTAL ASSETS                                       $      856,098
</TABLE>
<TABLE>

<CAPTION>
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)
<S>                                                <C>
Current liabilities
   Accounts payable                                             0
   Accruals                                                   (65)
   Deferred payment proceeds                               50,000
                                                   ______________
Total Current Liabilities                          $       49,935

Stockholders' equity (deficiency)
   Common stock, $.001 par value;
     authorized 50,000,000 shares
     11,204,724 shares issued, of which                    11,204
     132 shares are held in Treasury
   Capital in excess of par value                       1,260,538
   Deficit accumulated during the
     development stage                                   (465,579)
                                                   ______________
Total Stockholders' Equity                         $      806,163

TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY (DEFICIENCY)                                $      856,098
<FN>
See accountants' report and accompanying notes to financial statements
</TABLE>

<PAGE>
<TABLE>
                       AMERICOMM RESOURCES CORPORATION

                             STATEMENT OF INCOME

                            FOR THE THREE MONTHS

                        ENDED MARCH 31, 1997 AND 1996

(Amounts in thousands, except per share data)
<CAPTION>
                                  Three Months          Three Months
                                         Ended                 Ended
                                     March 31,             March 31,
                                          1997                  1996
                                  ____________          ____________
<S>                               <C>                   <C>
Revenues
   Income                         $          0          $          0
   Interest income                         326                 2,489    
                                  ____________          ____________
Total Income                               326                 2,489    
                                  ____________          ____________

Costs and expenses
   General and administrative
     expenses                           17,411                19,014
   Abandoned prospects                       0                     0
   Interest expense                          0                     0
                                  ____________          ____________
Total Costs and Expenses                17,411                19,014                 
                                  ____________          ____________

Net Income (Loss)                 $    (17,085)         $    (16,526)

Net Income (Loss)
   per common share               $          0          $          0

Weighted average number of
   common shares outstanding        11,204,592            11,204,724
<FN>
See accountants' report and accompanying notes to financial statements
</TABLE>

<PAGE>
<TABLE>
                       AMERICOMM RESOURCES CORPORATION

                           STATEMENT OF CASH FLOWS

                            FOR THE THREE MONTHS

                        ENDED MARCH 31, 1997 AND 1996

(Amounts in thousands)
<CAPTION>
                                      Three Months          Three Months
                                             Ended                 Ended
                                         March 31,             March 31,
                                              1997                  1996
                                      ____________          ____________
<S>                                   <C>                   <C>
Cash Flow From Operating Activities
  Operations
  Net income (loss)                   $    (17,085)         $    (16,526)
   Plus adjustments to reconcile
   net income to net cash flows
   from operating activities
   Abandoned prospects                           0                     0
  Changes in operating assets
   and liabilities
   Increase(Decrease) in accounts
     payable                               (11,574)                  633
   Increase(Decrease) in prepaid
     expenses                                  350                   504
   Accruals                                    (65)                 (207)
   Deferred payment proceeds                50,000                     0
                                       ___________          ____________
  Net cash provided (used)
   by operating activities                  21,626               (16,862)

Cash Flows From Investing Activities
  Cash payments for investments in
   prospects                                (1,550)              (42,563)
                                       ___________          ____________
  Net cash provided (used)
   by investing activities                  (1,550)              (42,563)
                                       ___________          ____________

Cash Flows From Financing Activities
  Proceeds from issuance of common
   stock                                         0                     0
  Proceeds from note payable - related
   party                                         0                     0
  Repayment of note payable - related
   party                                         0                     0
                                      ____________          ____________

Net Increase(Decrease) in Cash and
Cash Equivalents                            20,076               (59,425)

Cash and Cash Equivalents,
  beginning of year                         29,311               260,707
                                      ____________          ____________

Cash and Cash Equivalents,
  end of quarter                      $     49,387          $    201,282
<FN>
See accountants' report and accompanying notes to financial statements
</TABLE>

<PAGE>
                       AMERICOMM RESOURCES CORPORATION

                        NOTES TO FINANCIAL STATEMENTS

                               MARCH 31, 1997

Note 1.  Basis of Presentation

     In the opinion of management the accompanying unaudited financial
statements contain all adjustments, all of which were of a normal recurring
nature, necessary to summarize fairly the Registrant's financial position
and results of operations.  The results of operations for the three months
ended March 31, 1997 may not be indicative of the results that may be 
expected for the year ending December 31, 1997.  These statements should
be read in conjunction with the financial statements and notes thereto
included in the Registrant's Form 10-KSB for its fiscal year ended
December 31, 1996.

Note 2.  Summary of Significant Accounting Policies

     Mining and oil and gas properties - The Company uses the successful
efforts method of accounting for its mining activities.  Costs incurred
are deferred until exploration and completion results are evaluated.
At such time, costs of activities with economically recoverable reserves
are capitalized as proven properties, and costs of unsuccessful or
uneconomical development work are expensed.

     Cash and cash equivalents - The Company defines cash and cash
equivalents to be cash on hand, cash in checking accounts, certificates
of deposit, cash in money market accounts and certain investments with
maturities of three months or less from the date of purchase.

Note 3.  Income Taxes

     As of December 31, 1996, the Company has tax net operating loss
carryforwards totaling approximately $422,000.  If not used, these
carryforwards will expire in the years 2000 to 2009.

<PAGE>

                       AMERICOMM RESOURCES CORPORATION

                              PLAN OF OPERATION

     In August 1995, the Registrant completed a private placement
of 5,024,172 shares at $0.125 per share, which resulted in gross cash
proceeds of approximately $600,000 and relieved the Registrant of an
obligation to repay a $28,000 advance from a shareholder who purchased
share in the offering. After utilizing approximately $85,200 of the offering
proceeds to repay amounts due to the Registrant's officers, directors and
stockholders as a result of advances made to the Registrant, all of the
remaining cash proceeds of this offering were used to fund the Registrant's
operations including exploration of its existing prospects. The remaining
cash balance is expected to be used to fund the Registrant's working capital
requirements.  Although the cost of the exploration and development
of the Registrant's properties is dependent on numerous facts, some of
which are beyond the Registrant's control, the Registrant believes the cash
proceeds remaining will be sufficient to meet its operating expenses and
commitments over the next six months.  Thereafter the Registrant will be 
required to raise additional capital through debt or equity offerings,
encumbering properties or entering into arrangements whereby certain costs
of exploration will be paid by others to earn an interest in the properties.
There can be no assurance that the additional capital expected to be
necessary to fund the Registrant's operations will be available on 
economically acceptable terms, if at all.

     Exploration for mineral resources, such as gold, is highly
speculative and involves greater risks than many other businesses.
Mineral exploration is frequently marked by unprofitable efforts,
not only from unproductive prospects, but also from producing
prospects which do not produce sufficient amounts to return a
profit on the amount expended.  Accordingly, there can be no
assurance that the Registrant will be able to discover, develop
or produce sufficient reserves to recover the expenses incurred
in connection with the exploration of its properties, to fund
additional exploration or to achieve profitability.

     The Registrant does not expect any significant change in the
number of its employees during 1997.  It will employ part-time
or temporary persons and consultants in situations where special
expertise is required.
<PAGE>

                         PART II - OTHER INFORMATION

Item #6  Exhibits and Reports on Form 8-K

         a.  Exhibits - NONE

         b.  Reports on Form 8-K - The Registrant has not filed, during 
             the quarter for which this report is filed, a Form 8-K.

         c.  27-Financial Data Schedule

<PAGE>

                       AMERICOMM RESOURCES CORPORATION

                                 SIGNATURES

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


                                      AMERICOMM RESOURCES CORPORATION
                                      Registrant

May 13, 1997                          Thomas R. Bradley
Date                                  Thomas R. Bradley
                                      President & CEO

May 13, 1997                          Thomas R. Bradley
Date                                  Thomas R. Bradley
                                      Principal Financial and Accounting
                                        Officer