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 JUNE 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 August 13, 1997, - 5,791,911 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

                                         						  JUNE 30     DECEMBER 31
ASSETS:                                            1997         1996
					                                         	(UNAUDITED)
<S>                                           <C>            <C>
CURRENT ASSETS:
 Cash and cash equivalents                    $  1,487,521   $    308,138
 Trade accounts receivable, less allowance
  for doubtful accounts of $87,015 in 1997
  and $74,183 1996                               1,008.769      1,264,521 
 Inventories                                       709,189        567,420
 Prepaid expenses and other current assets         180,315        219,922
     
 Total current assets                            3,385,794      2,360,001
   
PROPERTY - At cost:
 Office furniture                                   95,014         91,011
 Office machinery and equipment                    190,657        146,021                       

     Subtotal                                      285,671        237,032

    Less Accumulated depreciation                  123,121        102,432 
     
     Property - net                                162,550        134,600

OTHER ASSETS:
 Software costs, less accumulated amortization
  of $681,570 in 1997 and $511,790 in 1996       1,276,782        908,586
 Deposits                                           50,677         50,677
                                          						 _________      _________

     Total other assets                          1,327,459        959,263      
     
     
TOTAL                                          $ 4,875,803    $ 3,453,864     

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
 Accounts payable - trade                      $   157,838    $   148,921  
 Accrued expenses                                  506,896        210,160
 Deferred revenue                                1,195,288        322,125
 Deferred income taxes                               4,732          4,732
 Other liabilities                                  77,157        161,963
                                   					       ___________     __________

     Total current liabilities                   1,941,911        847,901                                     
	   
LONG-TERM-Deferred Credit, less amortization of
   $81,985 in 1997 and $67,727 in 1996             203,181        217,440 

STOCKHOLDERS' EQUITY:
 Common stock - $.001 par value, 25,000,000 
  shares authorized, 5,891,911 shares issued 
  at June 30, 1997 and December 31, 1996             5,892           5,892
 Additional paid-in capital                      2,374,397       2,374,397
 Accumulated earnings                              350,522           8,334 
 Treasury stock - 100,000 shares at par value    (     100)     (      100)
                                           						__________      __________

     Total stockholders' equity                  2,730,711       2,388,523      
     
                                          						___________    ___________

TOTAL                                           $ 4,875,803    $ 3,453,864
See notes to consolidated financial statements.
</TABLE>
<TABLE>
<CAPTION>










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

             
                                      						 JUNE 30         JUNE 30       
						                                        1997            1996

<S>                                           <C>              <C>
REVENUE:
 Equipment and systems sales                  $  1,470,626     $  1,517,522   
 Equipment maintenance and service revenue         647,392          564,295

                                          						__________      ___________

     Total revenue                               2,118,018        2,081,817



COST AND EXPENSES:
 Cost of goods sold and service expense:
   Equipment and systems                           642,344         697,070
   Equipment maintenance and service               211,155         234,873 
 Selling, general and administrative expenses    1,111,856         926,622
                                   					       ___________     ___________

     Total costs and expenses                    1,965,355       1,858,565                
     
                                   					       ___________     ___________
INCOME FROM OPERATIONS                             152,663         223,252



INTEREST INCOME                                     18,218          16,188
 
                                   					      ____________    ____________ 

INCOME BEFORE INCOME TAXES                         170,881         239,440

 

INCOME TAXES                                        62,000          86,000 

						     
                                          						__________     ___________
NET INCOME                                    $    108,881     $   153,440    



EARNING PER COMMON SHARE: 
 Primary and fully diluted                            $.02            $.03                                            


WEIGHTED AVERAGE NUMBER OF SHARES
  OUTSTANDING                                    5,885,443       5,888,417

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











                         			ATS MONEY SYSTEMS, INC.
	                   	CONSOLIDATED STATEMENTS OF OPERATIONS
	                  SIX MONTH PERIODS JUNE 30, 1997 AND 1996
		                           	   (UNAUDITED)





                                         				 JUNE 30         JUNE 30
						                                         1997            1996
<S>                                           <C>              <C>
REVENUE:
 Equipment and systems sales                  $ 3,300,568      $ 3,044,037
 Equipment maintenance and service revenue      1,221,041        1,208,913

     Total revenue                              4,521,609        4,252,950



		     
COSTS AND EXPENSES:
 Cost of goods sold and service expense:
  Equipment and systems                         1,394,065        1,332,890
  Equipment maintenance and service               485,738          492,836
 Selling, general and administrative expenses   2,114,101        1,888,932

     Total costs and expenses                   3,993,904        3,714,658




INCOME FROM OPERATIONS                            527,705          538,292



INTEREST INCOME                                    32,483           19,872   

                                   					       __________       __________
INCOME BEFORE INCOME TAXES                        560,188          558,164


INCOME TAXES                                      218,000          207,000 

                                   					       __________       __________  
NET INCOME                                     $  342,188       $  351,164

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

				      
WEIGHTED AVERAGE NUMBER OF SHARES
 OUTSTANDING                                    5,875,007        5,890,377
 
See notes to consolidated financial statements.
</TABLE>
<TABLE> 
<CAPTION>



		  

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



                                      						 JUNE 30         JUNE 30  
						                                         1997            1996

<S>                                            <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
 Net Income                                    $  342,188       $  351,164
 Adjustments to reconcile net income to cash
  provided by (used in) operating activities:
  Depreciation and amortization                   176,210          100,330 
  Changes in current assets and liabilities:
    Compensation expense recorded for common stock
     issued under Director Stock Plan                   0           50,198 
   Trade accounts receivable - net                255,754       <   94,248)
   Inventories                                 (  141,769)          49,508 
   Prepaid expenses and other assets               39,607       (   51,738)
   Accounts payable - trade                         8,917       (   70,302)   
   Accrued expenses                               296,736       (   31,420) 
   Deferred revenue                               873,163          947,695
   Other liabilities                           (   84,008)          46,201          

      Net cash provided by operating activities 1,765,998        1,297,388


CASH FLOWS FROM INVESTING ACTIVITIES:
 Capitalization of software development costs  (  537,976)      (  173,794)
 Additions to property                         (   48,639)      (   63,933)

                                   					       __________       __________
      Net cash used in investing activities    (  586,615)      (  237,727)


NET INCREASE IN CASH AND                        _________        _________
 CASH EQUIVALENTS                               1,179,383        1,059,661 
  

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


CASH AND CASH EQUIVALENTS, END OF PERIOD      $ 1,487,521       $1,224,209     

SUPPLEMENTAL DISCLOSURE OF CASH FLOW 
 INFORMATION:
 Cash paid during the period for:
  Income Taxes (Refunds)                      $ (   5,790)      $   90,000   

See notes to consolidated financial statements.
</TABLE>




                  			       
			                       ATS MONEY SYSTEMS, INC.
		                Notes to Consolidated Financial Statements
			                          	  (Unaudited)
                           			 June 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 June 30, 1997, and the results 
of its operations for the three month and six month periods ended 
June 30, 1997 and 1996 and its cash flows for the six month periods 
ended June 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 six month periods 
ended June 30, 1997 are not necessarily indicative of the results that 
may be expected for the fiscal 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 $169,780 and $97,268 
for the six month periods ended June 30, 1997 and 1996, respectively, 
and $101,821 and $50,013 for the three month periods ended June
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 June 30, 1997, there were 236,795 options outstanding at prices 
ranging from $.28125 to $1.375 per share, of which 180,168 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 June 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 June 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)       $  153,433                                 
	1998                            293,908                      
	1999                            132,705                  
	2000                             34,184                                                   
	
                     				     $  614,230

       
</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"), "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 "Disclosures 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, at this juncture, 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 
fiscal 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 SIX MONTHS ENDED
JUNE 30, 1997 TO THE SIX MONTHS ENDED JUNE 30, 1996.


Total revenues for the first half of 1997 were $4,521,609, an increase 
of $268,659 (6.3%) over the first six months of 1996.  System and 
equipment sales increased $256,531 (8.4%) to $3,300,568 for the half 
year.  This increase was comprised of sales by ATS Money Systems, Inc. 
(parent company) which increased by $357,007 (19.1%) primarily as the 
result of a new software contract offset by a decrease of $100,476 
(8.6%) at Innovative Electronics, Inc., resulting from fewer contracts 
in the comparable periods.  Maintenance and service revenues were 
$1,221,041 for the first half of 1997.  This was an increase of $12,128  
(1.0%) from the prior year's first half.

 
Cost of equipment and system sales declined from 43.8% of sales in the 
first half of 1996 to 42.2% in the 1997 period due to revenues from a 
software license agreement, the costs of which are being amortized.  
Cost of maintenance and service decreased from 40.8% of revenues in 
the first half of 1996 to 39.8% in the first six months of 1997 
primarily due to a favorable third party maintenance contract 
attributable to ATS Money Systems, Inc.

Selling, general and administrative expenses were $2,114,101 in the 
first half of 1997 compared to $1,888,932 in the comparable period of 
1996.  This is an increase of $225,169 (11.9%) and is primarily 
attributable to increases in employee incentives, commissions and travel.

Interest income for the first six months of 1997 was $32,483 compared 
to $19,872 in the first half of 1996.  This increase of $12,611 (63.5%) 
was due to greater amounts available for investment, primarily due to 
prepayments by customers of their annual maintenance contracts.

Income taxes for the six months of 1997 were $218,000 compared to 
$207,000 for the same period of 1996.  This $11,000 (5.3%) increase 
was due to higher taxable income in 1997.

As a result of the foregoing, the first six months of 1997 produced 
income before taxes of $342,188 compared to $351,164 in the first 
half of 1996. 


FINANCIAL CONDITION

At June 30, 1997, the Company had working capital of $1,443,883 (a 
decrease of $68,217 from $1,512,100  at December 31, 1996) and cash 
and cash equivalents (including short-term investments) of $1,487,521 
(as compared to cash and cash equivalents of $308,138 at December 31, 
1996).  During the first part of the year, many of the Company's 
customers prepay their annual maintenance contracts, which increases 
the Company's cash and correspondingly the Company's deferred revenue 
liability.  At June 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 six months of 1997, operating activities provided 
$1,765,998 of net cash, primarily from prepayment of equipment 
maintenance and service fees and income from operations, and 
investing activities used $586,615 of net cash primarily for 
the capitalization of 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 June 30, 1997, the Company 
had no material commitments for capital expenditures.



COMPARISON OF CONSOLIDATED OPERATIONS FOR THE THREE MONTHS ENDED
JUNE 30, 1997 TO THE THREE MONTHS ENDED JUNE 30, 1996.


Total revenues for the three month period ended June 30, 1997 were 
$2,118,018 compared to $2,081,817 for the  1996 quarter. This was 
an increase of $36,201 (1.7%).  Equipment and systems sales declined 
from $1,517,522 in the second quarter of 1996 to $1,470,626 in the 
1997 quarter.  This decrease of $46,896 (3.1%) was comprised of a 
$140,649 (32.8%) sales decline at Innovative Electronics, Inc. 
offset by an increase of $93,753 (8.6%) from the parent company.  
Both changes being the result of different software contracts in 
the comparable periods.  Maintenance revenue for the three months 
ended June 30, 1997 was $647,392, an increase of $83,097 (14.7%) 
over the  1996 quarter primarily due to the reinstatement of a 
maintenance contract with a major customer.


Cost of equipment and system sales declined from 45.9% of sales in the 
second quarter of 1996 to 43.7% in the 1997 quarter due to revenues in 
1997 from a software license agreement, the costs of which are being 
amortized.  Maintenance costs declined from 41.6% of revenue in the 
three months ended June 30, 1996 to 32.6% in the 1997 quarter primarily 
due to a favorable short term contract in 1997 with a third party 
maintenance provider.


Selling, general and administrative expenses were $1,111,856 for the 
second quarter of 1997 vs. $926,622 in the 1996 quarter.  This 
increase of $185,234 (20.0%) is attributable to an increase in the 
provision for employee incentives, an increase in the reserve for 
bad debts and increased software amortization.


Interest income for the second quarter of 1997 was $18,218 compared 
to $16,188 in the comparable period of 1996.  This increase of 
$2,030 (12.5%) was primarily due to greater amounts available for 
investment, primarily due to prepayments by customers of their 
annual maintenance contracts.


The income tax provision in 1997 was $24,000 (27.9%) lower due to 
lower income from operations.


As a result of the foregoing, the net income for the three months 
ended June 30, 1997 was $108,881 which was $44,559 (29.0%) lower 
than the three months ended June 30, 1996. 


			
			PART II - OTHER INFORMATION


Item 4.  Submission of Matters to a Vote of Security Holders.

The Company's 1997 Annual Meeting of Stockholders was held on May 30, 1997 
at The Clinton Inn Hotel, 145 Dean Drive, Tenafly, New Jersey.  At the 
meeting, 5,445,429 shares were present in person or by proxy.  At the 
meeting, each of the four incumbent directors of the Company who had 
been nominated by the Board of Directors for re-election as a director 
of the Company was re-elected as a director.  The votes cast were as 
follows:
<TABLE>
<CAPTION>
Name of Nominee         Votes Cast For          Votes Withheld

<S>                      <C>                        <C>
A. Paul Cox, Jr.         5,403,679                  51,750
Gerard F. Murphy         5,397,079                  58,350
Fred Den                 5,401,679                  53,750
Thomas J. Carey          5,403,679                  51,750
</TABLE>

At the meeting, three additional proposals were voted upon as
follows:


(a)  Proposal to amend and restate the Company's Common Stock Incentive 
Plan was approved by the stockholders with 5,266,429 shares voting in 
favor, 126,025 shares voting against and 15,750 shares abstaining.


(b)  Proposal to amend the Company's 1995 Director Stock Plan was 
approved by the stockholders with 5,291,222 shares voting in favor, 
136,257 shares voting against and 20,075 shares abstaining.


(c)  Proposal to ratify the selection of Deloitte & Touche LLP as the 
Company's independent auditors for the year ending December 31, 1997 
was approved by the stockholders with 5,386,079 shares voting in favor, 
48,300 shares voting against and 21,050 shares abstaining.


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

(a)  Exhibits

     10.(a)  Agreement for Software License between ATS Money Systems, 
	     Inc., and Dayton-Hudson Corporation, dated April 15, 1997.       


     10.(b)  Agreement between ATS Money Systems, Inc., and 
	     M. H. Meyerson & Co., Inc., dated April 7, 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)




___________August 13,  1997 _______     _______________________________ 
     	     (Date)                        Gerard F. Murphy
					                                    Chief Executive Officer
					                                    President
					                                    <Principal Executive Officer) 


___________August 13,  1997 _______     _______________________________
    	       (Date)                      Joseph M. Burke
                                					   Vice President - Finance
					                                   (Principal Accounting and 
					                                   Financial Officer)