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         September 30, 1996

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 - 11,204,726 shares as of
 September 30, 1996.

Transitional Small Business Disclosure Format:   [ ] Yes     [X] No
<PAGE>
<TABLE>

                       PART I. - FINANCIAL INFORMATION

                       AMERICOMM RESOURCES CORPORATION

                                BALANCE SHEET


(Amounts in thousands, except per share data)
<CAPTION>
                                                   Sept. 30, 1996
                                                   ______________

<S>                                                <C>
ASSETS
Current assets
   Cash and cash equivalents                       $       49,885
   Prepaid expenses                                             0
                                                   ______________
Total Current Assets                               $       49,885
Investments in prospects                                  882,990
                                                   ______________
TOTAL ASSETS                                       $      932,875
</TABLE>
<TABLE>

<CAPTION>
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)
<S>                                                <C>
Current liabilities
   Accounts payable                                             0
   Accruals                                                  (176)
                                                   ______________
Total Current Liabilities                          $         (176)

Stockholders' equity (deficiency)
   Common stock, $.001 par value;
     authorized 50,000,000 shares
     11,204,724 shares issued                              11,204
   Treasury Stock                                            (  8)
   Capital in excess of par value                       1,260,545
   Deficit accumulated during the
     development stage                                   (338,690)
                                                   ______________
Total Stockholders' Equity                         $      933,051

TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY (DEFICIENCY)                                $      932,875
<FN>
See accountants' report and accompanying notes to financial statements
</TABLE>

<PAGE>
<TABLE>
                       AMERICOMM RESOURCES CORPORATION

                          STATEMENT OF OPERATIONS

                            FOR THE THREE MONTHS

                              AND NINE MONTHS

                      ENDED SEPTEMBER 30, 1996 AND 1995

(Amounts in thousands, except per share data)
<CAPTION>
                            Three Months  Three Months Nine Months Nine Months
                                   Ended         Ended       Ended       Ended
                               Sept. 30,     Sept. 30,   Sept. 30,   Sept. 30, 
                                    1996          1995        1996        1995
                            ____________  ____________  __________  __________
<S>                         <C>           <C>           <C>         <C>  
Revenues
   Income                   $          0  $          0  $        0  $        0
   Interest income                   721             0       4,865           0
   Miscellaneous income                0            66       5,806          66 
                            ____________  ____________  __________  __________
Total Income                         721            66      10,671          66
                            ____________  ____________  __________  __________

Costs and expenses
   General & administrative
     expenses                     19,792        21,786      67,282      33,041
   Abandoned prospects                 0             0       5,979           0
   Interest expense                    0           195           0       2,586
                            ____________  ____________  __________  __________
Total Costs and Expenses          19,792        21,981      73,261      35,627
                            ____________  ____________  __________  __________

Net Income (Loss)           $    (19,071) $    (21,915) $  (62,590) $  (35,561)

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

Weighted average number of
   common shares outstanding  11,204,726    33,614,172
<FN>
See accountants' report and accompanying notes to financial statements
</TABLE>

<PAGE>
<TABLE>
                       AMERICOMM RESOURCES CORPORATION

                           STATEMENT OF CASH FLOWS

                            FOR THE THREE MONTHS
 
                              AND NINE MONTHS

                     ENDED SEPTEMBER 30, 1996 AND 1995

(Amounts in thousands)
<CAPTION>
                              Three Months  Three Months   Nine Mos.  Nine Mos.
                                     Ended         Ended       Ended      Ended
                                 Sept. 30,     Sept. 30,   Sept. 30,  Sept. 30,
                                      1996          1995        1996       1995
                              ____________  ____________  __________  _________
<S>                           <C>           <C>           <C>         <C>
Cash Flow From Operating
Activities
  Operations
  Net income (loss)           $    (19,071) $    (21,915)  $ (62,590) $ (35,561)
   Plus adjustments to reconcile
   net income to net cash flows
   from operating activities
   Abandoned prospects               5,979             0       5,979          0     
  Changes in operating assets
   and liabilities
   Increase(Decrease)in accounts
     payable                             0       (79,267)          0    (20,946)
   Increase(Decrease)in prepaid
     expenses                            0             0           0          0
   Increase(Decrease)in notes
     payable                             0       (41,500)          0    (90,700)
   Increase(Decrease) in accrued
     interest                            0        (4,499)          0     (5,085)
   Accruals                              0           671        (357)       671 
   Treasury Stock                       (8)            0          (8)         0
                               ___________  ____________  __________  _________
  Net cash provided (used)
   by operating activities         (19,079)     (146,510)    (56,976)   151,621

Cash Flows From Investing 
Activities
  Cash payments for investments 
   in prospects                    (55,788)      (62,801)   (153,846)  (618,819)
                               ___________  ____________  __________  _________
  Net cash provided (used)
   by investing activities         (55,788)      (62,801)   (153,846)  (618,819)
                               ___________  ____________  __________  _________

Cash Flows From Financing 
Activities
  Proceeds from issuance of 
   common stock                          0       236,266           0  1,128,021
  Proceeds from note payable-
   related party                         0             0           0     19,700
  Repayment of note payable-   
   related party                         0             0           0          0
                              ____________  ____________  __________  _________

Net Increase(Decrease) in 
Cash and Cash Equivalents          (74,867)       26,955    (210,822)   377,281

Cash and Cash Equivalents,
  beginning of quarter             124,752       354,252     260,707      3,926 
                              ____________  ____________  __________  _________

Cash and Cash Equivalents,
  end of quarter              $     49,885  $    381,207  $   49,885  $ 381,207  
<FN>
See accountants' report and accompanying notes to financial statements
</TABLE>

<PAGE>
                       AMERICOMM RESOURCES CORPORATION

                        NOTES TO FINANCIAL STATEMENTS

                             SEPTEMBER 30, 1996

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 nine months
ended September 30, 1996 may not be indicative of the results that may be 
expected for the year ending December 31, 1996.  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, 1995.

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, 1995, the Company has tax net operating loss
carryforwards totaling approximately $273,000.  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,
$465,000 of the remaining cash proceeds of this offering have been used
to fund the Registrant's oerations including exploration of its existing
prospects.  The remaining cash proceeds are expected to be used to
fund the exploration of the Registrant's prospects and 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 1996.  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.

<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

Novembe 13, 1996                      Thomas R. Bradley
Date                                  Thomas R. Bradley
                                      President & CEO

November 13, 1996                     Thomas R. Bradley
Date                                  Thomas R. Bradley
                                      Principal Financial and Accounting
                                        Officer