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, 1998

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 - 13,164,258 shares as of March 31, 1998.

<PAGE>
<TABLE>

                               PART I. - FINANCIAL INFORMATION

                               AMERICOMM RESOURCES CORPORATION

                                       BALANCE SHEET


(Amounts in thousands, except per share data)
<CAPTION>
                                                   March 31, 1998
                                                   ______________

<S>                                                	<C>
ASSETS
Current assets
   Cash and cash equivalents                      	$      151,258
   Prepaid expenses                                             		                   0
                                                                                                     __________
Total Current Assets                              	$      151,258
Investments in prospects                                       927,229
                                                                                                     __________
TOTAL ASSETS                                      	$    1,078,487
</TABLE>
<TABLE>

<CAPTION>
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)
<S>                                                	<C>
Current liabilities
   Accounts payable                                           		0
   Accruals                                                   558
   Notes payable - Related party                           20,000
                                                   ______________
Total Current Liabilities                          $       20,558

Stockholders' equity (deficiency)
   Common stock, $.001 par value;
     authorized 50,000,000 shares
     13,146,258 shares issued, of which                    13,146
     132 shares are held in Treasury
   Capital in excess of par value                       1,577,096
   Deficit accumulated during the
     development stage                                   (532,313)
                                                   ______________
Total Stockholders' Equity                         $    1,057,929

TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY (DEFICIENCY)                                $    1,078,487
<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, 1998 AND 1997

(Amounts in thousands, except per share data)
<CAPTION>
                                  Three Months          Three Months
                                         Ended                 Ended
                                     March 31,             March 31,
                                          1998                  1997
                                  ____________          ____________
<S>                               <C>                   <C>
Revenues
   Income                         $          0          $          0
   Interest income                         764                   326    
                                  ____________          ____________
Total Income                               764                   326    
                                  ____________          ____________

Costs and expenses
   General and administrative
     expenses                           14,514                17,411
   Abandoned prospects                       0                     0
   Interest expense                        295                     0
                                  ____________          ____________
Total Costs and Expenses                14,809                17,411                 
                                  ____________          ____________

Net Income (Loss)                 $    (14,045)         $    (17,085)

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

Weighted average number of
   common shares outstanding        13,146,258            11,204,592
<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, 1998 AND 1997

(Amounts in thousands)
<CAPTION>
                                      Three Months          Three Months
                                             Ended                 Ended
                                         March 31,             March 31,
                                              1998                  1997
                                      ____________          ____________
<S>                                   <C>                   <C>
Cash Flow From Operating Activities
  Operations
  Net income (loss)                   $    (14,045)         $    (17,085)
   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                               (11,492)              (11,574)
   Increase(Decrease) in prepaid
     expenses                                 (350)                  350
   Accruals                                    558                   (65)
   Deferred payment proceeds                                      50,000
                                       ___________          ____________
  Net cash provided (used)
   by operating activities                 (25,329)               21,626

Cash Flows From Investing Activities
  Cash payments for investments in
   prospects                              (245,081)              (1,550)
                                       ___________          ____________
  Net cash provided (used) by
   investing activities                   (245,081               (1,550)
                                       ___________          ____________

Cash Flows From Financing Activities
  Proceeds from issuance of common
   stock                                   318,500                    0
  Proceeds from note payable - related
   party                                         0                    0
  Repayment of note payable - related
   party                                         0                    0
                                      ____________          ____________
  Net cash provided (used) by
     financing activities                  318,500                    0

Net Increase(Decrease) in Cash and
Cash Equivalents                            48,090               20,076

Cash and Cash Equivalents,
  beginning of year                        103,168               29,311
                                      ____________          ____________

Cash and Cash Equivalents,
  end of quarter                      $    151,258          $    49,387
<FN>
See accountants' report and accompanying notes to financial statements
</TABLE>

<PAGE>
                       AMERICOMM RESOURCES CORPORATION

                        NOTES TO FINANCIAL STATEMENTS

                               MARCH 31, 1998

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, 1998 may not be indicative of the results that may be 
expected for the year ending December 31, 1998.  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, 1997.

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, 1997, the Company has tax net operating loss
carryforwards totaling approximately $456,000.  If not used, these
carryforwards will expire in the years 2000 to 2009.

<PAGE>

                       AMERICOMM RESOURCES CORPORATION

                              PLAN OF OPERATION


     The Registrant funded its operations during 1997 through amounts 
received from Echo Bay Exploration Inc. ("Echo Bay") a subsidiary of Echo 
Bay Mines LTD., Denver, Colorado pursuant to a Heads of Agreement covering 
exploration of its Churchill County, Nevada property (the "Jessup Property") 
and by borrowing $20,000 from the Albert E. Whitehead Living Trust pursuant 
to the terms of a 6% Convertible Note due September 23, 1998.  In November 
1997, Echo Bay elected to continue its work program during 1998 and paid an 
additional $100,000 to the Registrant.  In March 1998, the Registrant raised 
an additional $275,000 through the issuance of 1,375,000 to Mr. Whitehead 
and agreed to use substantially all of the proceeds of this issuance to fund 
its acquisition of oil and gas leases on a prospect located in the state of 
Wyoming.  In April 1, 1998, the Albert E. Whitehead Living Trust converted 
its note into shares of Common Stock of the Registrant at a purchase price of
$0.15 per share.

     Although Echo Bay stated that it was encouraged by the results of its 
exploration of the Jessup Property, in May 1998, Echo Bay elected to 
discontinue its exploration program and concentrate its exploration efforts 
in the United States on a limited number of projects.  As Echo Bay terminated 
the joint venture agreement prior to earning its interest in the property, 
under the terms of the joint venture agreement, the Registrant retains its 
interest in the Jessup Property and the amounts previously paid by Echo Bay.  
The Registrant intends to seek a new industry partner to continue the 
exploration of the Jessup Property or may elect to sell such property if a 
transaction may be consummated on advantageous terms.

     As of March 31, 1998, the Registrant had approximately $151,259 in cash 
to fund its operations.  The Registrant expects to spend approximately 
$66,000 to satisfy its annual lease obligations and BLM fees on mining 
properties and approximately $15,000 to fund its acquisition of oil and gas 
leases on its prospect in Wyoming.  The Registrant expects the remainder of 
its cash to fund its operations for approximately 12 months, assuming no
additional amounts are expended on exploration of its mining properties or 
the acquisition or exploration of its oil and gas prospect.  The Registrant 
expects the exploration and development of its oil and gas prospect will 
require substantial amounts of additional capital which may be raised 
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.  Additional capital will also 
be required to continue exploration of the Registrant's mining prospects if 
the Registrant is unsuccessful in locating an industry partner for such 
prospects.  There can be no assurance that additional capital will be 
available to the Registrant on economically acceptable terms, if at all.	

     Exploration for mineral resources, such as gold, and for oil and gas, is 
highly speculative and involves greater risks than many other businesses.
Mineral exploration and oil and gas drilling and development 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 1998.  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
             (3)  Amended and Restated By-Laws                Filed herewith

             (4)  Instruments defining the rights of
                  security holders
                  (a)  Excerpts from Amended and Restated
                       By-Laws                                Filed herewith

         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 15, 1998                          Thomas R. Bradley
Date                                  Thomas R. Bradley
                                      President & CEO

May 15, 1998                          Thomas R. Bradley
Date                                  Thomas R. Bradley
                                      Principal Financial and Accounting
                                        Officer