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                   U.S. 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, 1997

                           Commission File No. 0-29282

                               MEDICONSULT.COM, INC.
       -----------------------------------------------------------------
       (Exact name of small business issuer as specified in its charter)

          Delaware                                      84-1341886
------------------------------             ----------------------------------
(State or other jurisdiction of           (IRS Employer Identification Number)
Incorporation or Organization)

              33 Reid Street, 4th Floor, Hamilton HM 12, Bermuda
          -----------------------------------------------------------
          (Address of Principal Executive Offices including zip code)

                                 (441) 296-0736
                        ------------------------------
                          (Issuer's telephone number)

Indicate by check mark whether the Issuer (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 [   ]

There were 17,209,400 shares of the Registrant's Common Stock outstanding as
of September 30, 1997.
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                             MEDICONSULT.COM, INC.
                                 FORM 10-QSB

                                     INDEX
                                     -----
Part I.  Financial Information

Item 1.  Financial Statements                                           Page

         Condensed Consolidated Balance Sheets - September 30, 1997
         and December 31, 1996                                           3

         Consolidated Statement of Loss and Deficit for the three
         and nine month periods ended September 30, 1997                 4

         Consolidated Statement of Cash Flows for the nine month
         period ended September 30, 1997                                 5

         Note to Consolidated Financial Statements                       6 

Item 2.  Management's Discussion and Analysis of Financial 
         Condition and Results of Operations                             7

Part II. Other Information and Signatures                                8

         Signatures                                                      8
                                2
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                      MEDICONSULT.COM, INC.
                    CONSOLIDATED BALANCE SHEET
                           (Unaudited)
                                                 
                                              September 30,  December 31,
                                                  1997          1996
                                               -----------   -----------
CURRENT ASSETS
  Cash                                         $   274,269  $   393,130
  Accounts receivable                              106,783
  Deferred medical costs                            40,500      161,600
                                               -----------  -----------
    TOTAL CURRENT ASSETS                           421,552      544,730
 
FIXED ASSETS                                       320,101      205,298
                                               -----------  -----------
TOTAL ASSETS                                       741,653      760,028 

CURRENT LIABILITIES
  Accounts payable and 
    accrued liabilities                             26,994       39,033 
  Interest payable                                       0       22,667 
  Advances from shareholders                             0       51,841 
  Notes payable                                          0      500,000 
                                               -----------  ----------- 
    TOTAL CURRENT LIABILITIES                       26,994      613,541 

SHAREHOLDERS EQUITY
  Capital stock                                  3,408,585    1,008,585 
  Deficit                                       (2,693,926)    (862,098)
                                               -----------  -----------
    TOTAL SHAREHOLDERS EQUITY                      714,659      146,487 
                                               -----------  -----------
    TOTAL LIABILITIES AND SHAREHOLDERS EQUITY  $   741,653  $   760,028    
                                3
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                       MEDICONSULT.COM INC.

           CONSOLIDATED STATEMENTS OF LOSS AND DEFICIT
                           (Unaudited)

                                      Three Months Ended   Nine Months Ended
                                      September 30, 1997   September 30, 1997 
                                      ------------------   ------------------
REVENUES                                $     69,269        $    172,868 

EXPENSES
  Salaries                                   234,144             740,322
  Office                                     134,182             277,463 
  Travel                                      63,513             125,380
  Legal                                       21,807              42,892
  Medical content                             51,363             319,376
  Computer maintenance                       121,913             221,994
  Depreciation and amortization               91,842             257,258

TOTAL EXPENSES                               718,765           1,984,686

NET OPERATING LOSS FOR THE PERIOD            649,496           1,811,828

Interest expense                                   0              20,000

LOSS FOR THE PERIOD                          649,496           1,831,828

DEFICIT - BEGINNING OF PERIOD              2,044,430             862,098

DEFICIT - END OF PERIOD                    2,693,926           2,693,926
                                4
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                       MEDICONSULT.COM INC.
               CONSOLIDATED STATEMENT OF CASH FLOWS
           FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1997
                           (Unaudited)

OPERATING ACTIVITIES 
  Loss for the period                                 $(1,831,828)
  Adjustments to reconcile loss for the period
   to net cash provided by operating activities
    Depreciation and amortization                         257,258         
    (Decrease) increase in accounts receivable           (106,783)     
    Increase (decrease) in accounts payable and
      accrued liabilities                                 (12,039)
    Decrease in interest payable                          (22,667)
                                                      -----------
NET CASH (USED IN) OPERATING ACTIVITIES                (1,716,059)
                                                      -----------
INVESTING ACTIVITIES
Fixed asset purchases                                    (250,961)
                                                      -----------
NET CASH (USED IN) INVESTING ACTIVITY                    (250,961)
                                                      ----------- 
FINANCING ACTIVITIES
  Sale of Preferred Shares                              1,900,000
  Redemption of Promissory Note                          (500,000)
  Sale of Common Shares                                   500,000
  Advances from shareholder                               (51,841)
                                                      -----------
NET CASH PROVIDED BY FINANCING ACTIVITIES               1,848,159
                                                      -----------
INCREASE (DECREASE) IN CASH                              (118,861)

CASH - BEGINNING OF PERIOD                                393,130
                                                      -----------
CASH - END OF PERIOD                                      274,269
                                                      -----------
                                5
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                       MEDICONSULT.COM INC.
            NOTE TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1.   The consolidated financial statements included herein have been
prepared pursuant to the rules and regulations of the Securities and Exchange
Commission.  Certain information and footnote disclosures have been condensed
or omitted pursuant to such rules and regulations.  In the opinion of
Management, all adjustments, which were of a normal recurring nature,
necessary to present fairly the consolidated financial position and results of
operations and cash flows for the period presented have been included.  These
consolidated financial statements should be read in conjunction with the
financial statements and the notes thereto for the fiscal year ended December
31, 1996.
                                6
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ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
         RESULTS OF OPERATIONS.

THREE AND NINE MONTHS ENDED SEPTEMBER 30, 1997

During the three months ended September 30, 1997, the Company focused on the
launch of the MediXperts service which happened on November 4.  The
recruitment of the first 25 "best in the world" physicians was a significant
accomplishment, one which was recognized by the print, television, radio and
online media during the launch of the new service in the fourth quarter.  New
physicians are being recruited and added to the web site on a weekly basis.

The summer period is traditionally a slow period for all forms of the media,
and the Internet is no exception.  Management had not anticipated any new
revenue for the summer period and was pleasantly surprised when one large
pharmaceutical company began a new advertising campaign.  This campaign
development evolved into two additional campaigns that are being developed in
the fourth quarter, and will result in new revenue being earned in 1998.

A new revenue area was developed in the corporate Intranet market and initial
presentations were made to several large companies.  The presentations
resulted in requests for proposals for two significant contracts.  The Company
is continuing to develop the proposal process with the prospective clients in
the fourth quarter.

The Company continues to follow the policy of expensing virtually all
expenditures.  While this policy may seem unduly conservative, management
believes that, given the dynamic nature of the Internet, it is prudent.

There was no significant activity in the Company's business during the three-
and nine- month periods ended September 30, 1996.  Therefore, these numbers
are not presented in the Form 10-QSB, and there are no meaningful comparisons
that could be made.

CONSOLIDATED STATEMENT OF LOSS AND DEFICIT

                                        March 31,   June 30,  September 30,
                                          1997        1997        1997
                                       ----------  ---------  ------------
REVENUES                               $  16,078   $ 87,512    $   69,269

EXPENSES
  Salaries                               244,900    261,278       234,144
  Office                                  61,100     82,181       134,182
  Travel                                  31,740     30,127        63,513
  Legal                                   11,762      9,323        21,807
  Medical content                        191,789     76,224        51,363
  Computer maintenance                    58,711     41,370       121,813
  Amortization                            77,753     87,663        91,842
                                       ---------   --------    ----------
TOTAL EXPENSES                           677,755    588,166       718,765

NET OPERATING LOSS FOR THE PERIOD        661,678    500,654       649,496

Interest expense                          10,000     10,000             0
                                       ---------   --------    ----------
LOSS FOR THE PERIOD                    $ 671,678   $510,654    $  649,496
                                7
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LIQUIDITY AND CAPITAL RESOURCES

As of September 30, 1997 the Company has working capital of $394,558 compared
with a working capital deficit of $68,811 at December 31, 1996.  The increase
was due to the sale of approximately $1,900,000 of preferred stock to the
Company's President and majority shareholder and the issuance of common stock
on the conversion of $500,000 of debentures.  These investments were offset by
the loss of $1,831,828 for the nine months ended September 30, 1997.

                            PART II.  OTHER INFORMATION

Item 1.   Legal Proceedings.                                     None.
Item 2.   Changes in Securities.                                 None.
Item 3.   Defaults Upon Senior Securities.                       None.
Item 4.   Submission of Matters to a Vote of Security Holders.   None.
Item 5.   Other Information.                                     None.
Item 6.   Exhibits and Reports on Form 8-K

          (a)  Exhibit 27      Financial Data Schedule    Filed herewith
                                                          electronically
          (b)  Reports on Form 8-K.

               The Company filed a Current Report on Form 8-K dated June 30,
1997 which reported on Item 9.
      
                                 SIGNATURES

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

                                    MEDICONSULT.COM INC.

Date:   November 18, 1997           By/s/ Robert Jennings
                                      Robert Jennings
                                      President
                                8
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                              EXHIBIT INDEX
EXHIBIT                                               METHOD OF FILING
-------                                        ------------------------------
  27.     Financial Data Schedule               Filed herewith electronically