UNITED STATES
		       SECURITIES AND EXCHANGE COMMISSION
			     Washington, D.C. 20549
			     
				  FORM 10-QSB



(X)     QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE 
	SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY 
	PERIOD ENDED SEPTEMBER 30,  1997.



( )     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
	SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION 
	PERIOD FROM _________________ TO _________________.



	Commission File Number:  0-17773



___________________________ATS Money Systems, Inc._______________________
    (Exact name of small business issuer as specified in its charter)        



____________Nevada_________________   ___________13-3442314______________
    (State or other jurisdiction of  (I.R.S. Employer Identification No.)
     incorporation or organization)



    25 Rockwood Place________Englewood, New Jersey________07631___________
     (Address of principal executive offices)          (Zip Code)



___________________________201/894-1700___________________________________ 
			(Issuer's telephone number)



Check whether the issuer (1) 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.   __X__Yes  _____No


State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date:


As of  November 11, 1997, - 5,803,911 shares of common stock, 
$.001 par value.


Transitional Small Business Disclosure Form  Yes _____  No __X__




Part I.  FINANCIAL INFORMATION
Item I.  Financial Statements
<TABLE>
<CAPTION>
			   ATS MONEY SYSTEMS, INC.
			 CONSOLIDATED BALANCE SHEETS
		   
					 SEPTEMBER 30    DECEMBER 31
ASSETS:                                       1997            1996
					   (UNAUDITED)
<S>                                       <C>              <C>
CURRENT ASSETS:
 Cash and cash equivalents                $ 1,255,757      $  308,138
 Trade accounts receivable, less 
 allowance for doubtful accounts 
 of $87,015 in 1997 and $74,183 in 1996       787,666       1,264,521   
 Inventories                                  703,979         567,420
 Prepaid expenses and other current assets     99,436         219,922                                                         
 
      Total current assets                  2,846,838       2,360,001


PROPERTY - At cost:
 Office furniture                              95,994          91,011
 Office machinery and equipment               214,766         146,021  
									    _________        ________        
				      
      Subtotal                                310,760         237,032



   Less Accumulated depreciation              133,443         102,432                                                            
									    _________       _________                                            
      
      Property - net                          177,317         134,600


OTHER ASSETS:      
 Software costs, less accumulated 
  amortization of $769,557 in 1997 
  and $511,790 in 1996                      1,432,510         908,586
 Deposits                                      54,677          50,677
					   __________       _________ 

      Total other assets                    1,487,187         959,263                                                   
							    

TOTAL                                     $ 4,511,342     $ 3,453,864      

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
 Accounts payable - trade                 $    14,744     $   148,921      
 Accrued expenses                             724,563         210,160
 Deferred revenue                             795,509         322,125
 Deferred income taxes                          4,732           4,732
 Other liabilities                             72,147         161,963

					   __________      __________

      Total current liabilities             1,611,695         847,901 

LONG-TERM-Deferred Credit, less 
 amortization of $89,113 in 1997 
 and $67,727 in 1996                          196,054         217,440 


STOCKHOLDERS' EQUITY:
 Common stock - $.001 par value, 25,000,000 
  shares authorized, 5,891,911 shares issued 
  at September 30, 1997, and 5,903,911 at 
  December 31, 1996                             5,904           5,892
 Additional paid-in capital                 2,377,760       2,374,397
 Accumulated earnings                         320,029           8,334 
 Treasury stock - 100,000 shares at par 
  value                                    (      100)   (        100)
					  ___________     ___________

	Total stockholders' equity          2,703,593       2,388,523      
					  ___________     ___________

TOTAL                                    $  4,511,342     $ 3,453,864

See notes to consolidated financial statements.
</TABLE>
<TABLE>
<CAPTION>



			
			ATS MONEY SYSTEMS, INC.
		  CONSOLIDATED STATEMENTS OF OPERATIONS
	    THREE MONTH PERIODS ENDED SEPTEMBER 30, 1997 AND 1996
			      (UNAUDITED) 


					   SEPTEMBER 30    SEPTEMBER 30     
					      1997            1996


<S>                                        <C>             <C>
REVENUE:
 Equipment and systems sales               $ 1,266,760     $ 1,177,971 
 Equipment maintenance and service revenue     628,667         561,392
					    __________      __________

	Total revenue                        1,895,427       1,739,363



COST AND EXPENSES:
 Cost of goods sold and service expense:
  Equipment and systems                        649,975         609,320
  Equipment maintenance and service            266,783         227,211
 Selling, general and administrative                
   expenses                                  1,035,477         891,674

					    __________      __________

	Total costs and expenses             1,952,235       1,728,205                  

					   ___________      __________
INCOME(LOSS)FROM OPERATIONS                  (  56,808)         11,158       

 
INTEREST INCOME                                 16,318          13,363

					   ___________      __________  
INCOME(LOSS)BEFORE INCOME TAXES              (  40,490)         24,521                                


INCOME TAX (BENEFIT) PROVISION               (  10,000)         11,000  

					   ___________     ___________
NET INCOME (LOSS)                          $ (  30,490)    $    13,521                                                        


EARNING (LOSS) PER COMMON SHARE: 
 Primary and fully diluted                  (     $.01)           $.00


WEIGHTED AVERAGE NUMBER OF SHARES
  OUTSTANDING                                5,797,911       5,776,486


See notes to consolidated financial statements.
</TABLE>
<TABLE>
<CAPTION>



			ATS MONEY SYSTEMS, INC.
		  CONSOLIDATED STATEMENTS OF OPERATIONS
	    NINE MONTH PERIODS ENDED SEPTEMBER 30, 1997 AND 1996
			      (UNAUDITED)

					   SEPTEMBER 30    SEPTEMBER 30
					      1997            1996


<S>                                        <C>             <C>
REVENUE:
 Equipment and systems sales               $ 4,567,328     $ 4,222,008 
 Equipment maintenance and service revenue   1,849,708       1,770,305

					     _________       _________

	Total revenue                        6,417,036       5,992,313

					     
COSTS AND EXPENSES:
 Cost of goods sold and service expense:
  Equipment and systems                      2,044,040       1,942,210
  Equipment maintenance and service            752,521         720,047
 Selling, general and administrative 
  expenses                                   3,149,578       2,780,606


	Total costs and expenses             5,946,139       5,442,863

					   ___________      __________
INCOME FROM OPERATIONS                         470,897         549,450


INTEREST INCOME                                 48,801          33,235       

					    __________       _________   
INCOME BEFORE INCOME TAXES                     519,698         582,685


INCOME TAXES                                   208,000         218,000
					    __________      __________

NET INCOME                                 $   311,698     $   364,685

       
EARNINGS PER COMMON SHARE:
 Primary and fully diluted                        $.05            $.06

					
WEIGHTED AVERAGE NUMBER OF SHARES
 OUTSTANDING                                 5,793,911       5,774,187


See notes to consolidated financial statements.
</TABLE>
<TABLE>
<CAPTION>



			ATS MONEY SYSTEMS, INC.
		CONSOLIDATED STATEMENTS OF CASH FLOWS
	NINE MONTH PERIODS ENDED SEPTEMBER 30, 1997 AND 1996
			   (UNAUDITED)

					   SEPTEMBER 30    SEPTMBER 30                          
					      1997            1996


<S>                                        <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
 Net Income                                $    311,698    $   364,685
 Adjustments to reconcile net income 
  to cash provided by (used in) operating 
  activities:
  Depreciation and amortization                 267,392        155,188 
  Changes in current assets and liabilities:
    Compensation expense recorded for common 
     stock issued under Director Stock Plan           0         50,000 
  Trade accounts receivable - net               476,856        278,211
  Inventories                                (  136,559)       119,914 
  Prepaid expenses and other assets             116,486     (  284,184)
  Accounts payable - trade                   (  134,177)    (   58,060)    
  Accrued expenses                              514,403        276,444 
  Deferred revenue                              473,384        453,382        
  Other liabilities                          (   89,818)    (   48,242)                                                         
											       ___________   ___________        
       
   Net cash provided by operating activities  1,799,665      1,307,338

					    ___________     __________  

CASH FLOWS FROM INVESTING ACTIVITIES:
 Capitalization of software development 
  costs                                      (  781,693)    (  285,724)
 Additions to property                       (   73,728)    (   76,538)

					     __________     __________
   Net cash used in investing activities     (  855,421)    (  362,262)


CASH FLOWS FROM FINANCING ACTIVITIES:
  Exercise of stock options:                      3,375            195

					      _________     __________

   Net cash provided by financing activities      3,375            195

					      _________     __________

						 
NET INCREASE IN CASH AND CASH EQUIVALENTS       947,619        945,271       


CASH AND CASH EQUIVALENTS,
 BEGINNING OF PERIOD                            308,138        164,548 
					       
					     __________      _________

CASH AND CASH EQUIVALENTS, END OF PERIOD    $ 1,255,757    $ 1,109,819      


SUPPLEMENTAL DISCLOSURE OF CASH FLOW 
 INFORMATION:
 Cash paid during the period for:
  
  Income Taxes (Refunds)                    $ (   5,790)   $   328,234    

See notes to consolidated financial statements.
</TABLE>



			  ATS MONEY SYSTEMS, INC.
		Notes to Consolidated Financial Statements
			     (Unaudited)
			  September 30, 1997


Note 1 - Unaudited Information:


The accompanying unaudited consolidated financial statements
have been prepared in accordance with generally accepted
accounting principles for interim financial information and the
instructions to Form 10-QSB and Item 310(b) of Regulation S-B. 
Accordingly, they do not include all of the information and
footnotes required by generally accepted accounting principles
for complete financial statements.


In the opinion of management, the accompanying unaudited
financial statements reflect all adjustments (which comprise
only normal recurring accruals) necessary to present fairly the
Company's consolidated financial position as of September 30,
1997, and the results of its operations for the three month and
nine month periods ended September 30, 1997 and 1996 and its
cash flows for the nine month periods ended September 30, 1997
and 1996. Information included in the consolidated balance sheet
as of December 31, 1996 has been derived from the Company's
audited financial statements contained in its Annual Report on
Form 10-KSB for the year ended December 31, 1996, to which
reference is made.  Operating results for the three month and
nine month periods ended September 30, 1997 are not necessarily
indicative of the results that may be expected for the year 
ending December 31, 1997.  


Certain prior year amounts have been reclassified in order to
conform with the 1997 financial statement presentation. 


Note 2 - Inventories


Inventories are stated at the lower of cost or market.  Cost is
determined by the first-in, first-out method for machine parts
and specific identification for machines held for sale.



Note 3  - Capitalized Software Costs


The Company capitalizes computer software development costs in
accordance with the provisions of Statement of Financial
Accounting Standards No. 86, "Accounting for the Costs of
Computer Software to be Sold, Leased or Otherwise Marketed".
Costs incurred to establish the technological feasibility of
computer software are expensed as incurred.  Costs incurred for
product enhancements, subsequent to establishing technological
feasibility, are capitalized and stated at the lower of cost or
net realizable value.  Capitalized costs are amortized using the
straight-line method over five years, which approximates the
estimated remaining useful life of the product.  Amortization of
computer software costs amounted to $257,768 and $152,157 for
the nine month periods ended September 30, 1997 and 1996,
respectively, and $87,988 and $54,889 for the three month
periods ended September 30, 1997 and 1996, respectively.



Note 4 - Revenue Recognition 


Revenue from equipment and systems sales is recognized upon
shipment to the buyer and satisfaction of related obligations by
the Company.  Revenue from software licensing is recognized on
delivery of the software if collectibility is probable, and any
remaining insignificant obligations of the Company are accounted
for by deferring a pro-rata portion of revenue and recognizing
it either ratably as the obligations are fulfilled or on
completion of performance or by recording a current year expense
for the remaining costs associated with completing the project.



Note 5 - Equipment Maintenance and Service Revenue


Equipment maintenance and service revenue is recognized as
earned over the term of the contract, which is generally a
maximum of one year in length.  Deferred revenue represents the
unearned portion of equipment maintenance and service fees.



Note 6 -  Stockholders' Equity


Common Stock - The authorized capital stock of the Company
consists of 25,000,000 shares of noncumulative, voting, common
stock, with a par value of $.001 per share.                     


Common Stock Incentive Plan - In 1993, the Company adopted a
common stock incentive plan (the "Plan"), which, as amended,
authorizes the issuance, within ten years, of options covering
up to 480,000 shares of common stock to certain employees and
other individuals of importance to the Company.  The Plan is
intended to provide incentive to continued employment of certain
employees and other individuals by enabling them to acquire a
proprietary interest in the Company.  Options granted under the
Plan may be either "incentive stock options" or "non-qualified
stock options."  Incentive stock options, granted only to
certain employees of the Company, expire within ten years (five
years for a 10% beneficial owner of the Company's securities)
from the date granted and are exercisable from time to time,
after the first year, in accordance with the terms of such
options.  The exercise price of an incentive stock option must
be at least equal to the fair market value of the common stock
on the date of grant (110% for a 10% beneficial owner of the
Company's securities).  Nonqualified stock options can be
granted to certain employees of the Company and advisors and
consultants to the Company. Such  stock options are exercisable
on or after the date of grant and the exercise price is not
limited and may be below fair market value.


On September 14, 1993, when the fair market value of the common
stock was $.28125 per share, the Company granted 159,685
incentive stock options at such price ($.31 per share for one
employee) and 65,315 nonqualified stock options (15,315 granted
at $.28125 per share and 50,000 granted at $.001 per share). 
During 1993, 50,000 nonqualified options were exercised at a
price of $.001 per share.


During 1994, the Company granted 36,000 incentive stock options
(21,000 granted at $1.25 per share and 15,000 granted at $1.375
per share).  Also during 1994, 4,171 options were exercised at a
price of $.28125 per share.


The Company did not grant any options in 1995.  During 1995,
15,653 options were exercised at a price of $.28125 per share.


During 1996, the Company granted 48,501 incentive stock options
(37,626 granted at $1.03125 per share and 10,875 granted at
$1.1344 per share).  Also during 1996, 16,117 options were
exercised at a price of $.28125 per share.


At December 31, 1996, there were 207,295 options outstanding at
prices ranging from $.28125 to $1.375 per share, of which
165,619 were then exercisable.


On February 14, 1997, the Company granted 34,000 incentive stock
options at $.71 per share.


As of September 30, 1997, there were 221,628 options outstanding
at prices ranging from $.28125 to $1.375 per share, of which
168,168 were then exercisable.


Director Stock Plan - In 1995, the Company adopted the 1995
Director Stock Plan pursuant to which the Company's nonemployee
directors, upon first being elected to the Board, are granted
10,000 shares of common stock, and thereafter, on each
reelection, are granted options to purchase 5,000 shares of
common stock with an exercise price equal to the fair market
value of such shares as of the date of grant.  In 1995, the
nonemployee directors were granted 40,000 shares of common stock
under this plan, all of which were issued during 1996.  At the
Annual Meeting held May 30, 1997, the stockholders approved an
amendment to increase the annual grant of options to 10,000
shares.  At September 30, 1997, there were 30,000 options
outstanding at prices ranging from $.8281 to $.9109 per share,
of which 9,999 were exercisable.


Common Stock Warrants - In connection with services to be
rendered by an investment banker, as of April 7, 1997, the
Company granted to the investment banker warrants to purchase
80,000 shares of common stock exercisable at $.75 per share,
agreed to grant to the investment banker on April 8, 1998,
warrants to purchase an additional 80,000 shares of common stock
exercisable at $1.25  per share and, unless the agreement is
canceled by the Company before April 8, 1999, agreed to grant to
the investment banker on such date warrants to purchase an
additional 80,000 shares of common stock exercisable at $1.25
per share.  All of the warrants will expire on April 7, 2001,
unless exercised prior thereto.



Note 7 - Commitments and Contingencies


At September 30, 1997, the Company was committed under
noncancelable, operating leases for office space, automobiles
and office equipment, expiring at various dates through April
2000, requiring minimum rental payments as follows:
<TABLE>
<CAPTION>

Year Ending December 31:


	<S>                       <C>
	1997 (balance of year)    $ 76,979                                     
	1998                       305,325                         
	1999                       142,158    
	2000                        37,469                    

				  $561,931
</TABLE>


Note 8 - Earnings Per Common Share 


For purposes of calculating earnings per common share, the
Company used the weighted average number of shares of common
stock outstanding during the year applied to the net income. 
The exercise of stock options (See Note 6) was assumed in the
calculation.  In February 1997, the Financial Accounting
Standards Board ("FASB") issued Statement of Financial
Accounting Standards ("SFAS"), No. 128 "Earnings per Share",
which is effective for periods ending after December 15, 1997. 
This statement establishes standards for computing and
presenting earnings per share and applies to entities with
publicly held common stock or potential common stock.  The
adoption of SFAS 128 is not expected to have a material effect
on the Company's financial statements.



Note 9 - Other


In February 1997, FASB issued SFAS 129 "Disclosure of
Information about Capital Structure", which is effective for
periods ending after December 15, 1997.  In June 1997, FASB also
issued SFAS 131 "Disclosure about Segments of an Enterprise and
Related Information".  This statement is effective for periods
beginning after December 15, 1997.  The Company has not fully
assessed the impacts of the disclosure requirements of these
statements.  However, the Company does not believe these
statements will have a significant effect on the financial
statements.


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION



Reference is made to Item 6 - "Management's Discussion and
Analysis or Plan of Operation," contained in the Company's
Annual Report on Form 10-KSB for its fiscal year ended December
31, 1996 for a discussion of the Company's financial condition
as of December 31, 1996, including a discussion of the Company's
anticipated liquidity and working capital requirements during
1997.



This Quarterly Report on Form 10-QSB contains, in addition to
historical information, certain forward-looking statements that
involve significant risks and uncertainties.  Such
forward-looking statements are based on management's belief as
well as assumptions made by, and information currently available
to, management pursuant to the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995. 
Forward-looking statements can generally be identified as such
because the context of the statement may include words such as
the Company "believes," "expects" or words of similar import. 
Similarly, statements that describe the Company's future plans,
objectives, estimates or goals are also forward-looking
statements.  Such statements address future events and
conditions concerning capital expenditures, earnings, sales,
liquidity and capital resources, and accounting matters.  The
Company's actual results could differ materially from those
expressed in or implied by the forward-looking statements
contained herein.  Factors that could cause or contribute to
such differences include, but are not limited to, those
discussed in "Financial Condition" below and in Item 1 -
"Description of Business" and elsewhere in the Company's Annual
Report on Form 10-KSB for the year ended December 31, 1996, as 
well as factors such as future economic conditions and
economic conditions in the industries in which the Company's
customers compete, a determination by the Company's customers to
prolong their test cycles of the Company's equipment, software
and software support services, a determination by the Company's
customers to modify or change their underlying computer and cash
reporting systems, acceptance by customers of the Company's
products, changes in customer demand, legislative, regulatory
and competitive developments in markets in which the Company
operates and other circumstances affecting anticipated revenues
and costs.  The Company undertakes no obligation to release
publicly the result of any revisions to these forward-looking
statements that may be made to reflect events or circumstances
after the date of this Quarterly Report on Form 10-QSB or to
reflect the occurrence of other unanticipated events.






COMPARISON OF CONSOLIDATED OPERATIONS FOR THE NINE MONTHS ENDED
SEPTEMBER 30, 1997 (THE "1997 PERIOD") TO THE NINE MONTHS ENDED
SEPTEMBER 30, 1996 (THE "1996 PERIOD").


Total revenues for the 1997 Period were $6,417,036, an increase
of $424,723 (7.1%) over the 1996 Period.  System and equipment
sales increased $345,320 (8.2%) to $4,567,328 for the 1997
Period.  Sales by ATS Money Systems, Inc. (parent company)
increased by $491,867 (17.6%) during the 1997 Period  and a 
portion of such increase was attributed to a new software
contract.  This increase was offset by a decrease of $146,547
(10.3%) at Innovative Electronics resulting from fewer contracts
in the 1997 Period.  Maintenance and service revenues were
$1,849,708 for the 1997 Period.  This was an increase of $79,403
(4.5%) from the 1996 Period.


Cost of equipment and system sales declined from 46.0% of sales
in the 1996 Period to 44.8% in the 1997 Period due to revenues
from a software lease agreement, the cost of which are being
amortized over five years.  Cost of maintenance and service
remained constant at 40.7% of revenues in both periods.


Selling, general and administrative expenses were $3,149,578 for
the 1997 Period compared to $2,780,606 in the 1996 Period.  This
was an increase of $368,972 (13.3%) and was primarily
attributable to increased software amortization of new products,
increased personnel costs due to additional customer service
positions at Innovative Electronics and a provision for employee
incentives.  Also, outside consultants were used for business
evaluation purposes.


Interest income for the 1997 Period was $48,801 compared to
$33,235 in the 1996 Period.  This increase of $15,566 (46.8%)
was due to greater amounts available for investments, primarily
due to prepayments by customers of their annual maintenance
contracts.


Income taxes were $208,000 for the 1997 Period compared to
$218,000 for the 1996 Period.  This decrease of $10,000 (4.6%)
was due to less income from operations.


As a result of the foregoing, net income after taxes was
$311,698 for the 1997 Period compared to $364,685 for the 1996
Period.


COMPARISON OF CONSOLIDATED OPERATIONS FOR THE THREE MONTHS ENDED
SEPTEMBER 30, 1997 (THE "1997 QUARTER") TO THE THREE MONTHS
ENDED SEPTEMBER 30, 1996 (THE "1996 QUARTER").

 
Total revenues for the 1997 Quarter were $1,895,427 compared to
$1,739,363 for the 1996 quarter.  This was an increase of
$156,064 (9.0%) primarily caused by an increase at ATS Money
Systems (parent company) of $134,860 (14.6%) in systems sales
partially offset by a $46,071 (18.3%) decline at Innovative
Electronics, Inc.  Also contributing to this increase was a
$67,275 (12.0%) increase in maintenance and service revenue from
the 1996 quarter.

 
Cost of equipment and system sales remained fairly constant in
both periods with costs being 51.3% of sales in the 1997 Quarter
and 51.7% in the 1996 Quarter.  Cost of maintenance increased in
the comparable periods from 40.5% in 1996 to 42.4% in 1997
primarily due to a contract with a new third party maintenance
provider.


Selling, general and administrative expenses were $1,035,477 for
the 1997 Quarter compared to $891,674 for the 1996 Quarter. 
This increase of $143,803 was primarily due to the use of
outside consultants for business evaluation purposes, additional
staffing at Innovative Electronics, Inc., a provision for
employee incentives and amortization of a new software product.


Interest income for the 1997 Quarter was $16,318 compared to
$13,363 in the 1996 Quarter.  This increase of $2,955 (22.1%)
was primarily due to greater amounts available for investment
primarily from customers prepaying their annual maintenance
contracts.


Due to an operating loss, the income tax benefit was $10,000 in
the 1997 Quarter compared to an $11,000 expense in the 1996
Quarter. 


As a result of the foregoing, there was a net loss of $30,490 in
the 1997 Quarter compared to a $13,521 net profit in the 1996
Quarter.




FINANCIAL CONDITION


At September 30, 1997, the Company had working capital of
$1,235,143 (a decrease of $276,957 from $1,512,100 at December
31, 1996) and cash and cash equivalents (including short-term
investments) of $1,255,757 as compared to cash and cash
equivalents of $308,138 at December 31, 1996.  At September 30,
1997, the Company did not have any outstanding borrowings.  The
Company's invested funds consist primarily of certificates of
deposit and bankers acceptances.


During the first nine months of 1997, operating activities
provided $1,799,665 of net cash, primarily from profits before
depreciation and amortization as well as payments to certain
vendors being deferred until future months.  Investing
activities used $855,421 of net cash primarily for software 
development costs.


In April 1997, First Union National Bank renewed a $750,000
discretionary line of credit for the Company's short-term needs,
at an interest rate equal to such bank's base rate plus 1/2%. 
All advances under this line of credit are required to be
secured by a lien on substantially all of the Company's assets. 
The Company has not drawn against this line of credit.


The Company believes that its current working capital, together
with anticipated funds from operations, will be sufficient to
meet the Company's projected operating needs and capital
expenditures for the foreseeable future.


The Company leases its facilities.  As of September 30, 1997,
the Company had no material commitments for capital expenditures.




			PART II - OTHER INFORMATION


 Item 6.  Exhibits and Reports on Form 8-K.

(a)  Exhibits

      10.(a)   Agreement between ATS Money Systems, Inc., and
	       Vanstar Corporation dated September 1, 1997.

      11.      Computation of Per Share Earnings.

      27.      Financial Data Schedule.

(b)  No reports on Form 8-K were filed during the quarter for
which this report is filed.

SIGNATURES

In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

					   ATS Money Systems, Inc.
					   (Registrant)


___________November 11,  1997________       ___________________________
		(Date)                       Gerard F. Murphy
					     Chief Executive Officer
					     President
					     (Principal Executive Officer)                                  

___________November 11,  1997________       ____________________________
		(Date)                       Joseph M. Burke
					     Vice President - Finance
					     (Principal Accounting and 
					       Financial Officer)



					

</TEXT)