KINGSLEY COACH, INC. FIRST QUARTER 10QSB

                 U. S. 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 March 31, 1998

[ ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
                  SECURITIES EXCHANGE ACT OF 1934

            For the transition period from _____ to _____
                    Commission File No. 0-21733

                        KINGSLEY COACH, INC.
                 (Formerly Micro-Hydro Power, Inc.)
           (Name of Small Business Issuer in its Charter)

              DELAWARE                        87-0369035
   (State or Other Jurisdiction of     (I.R.S. Employer I.D. No.)
    incorporation or organization)

                        64 Old Route 522
                      Middleburg, PA 17842
            (Address of Principal Executive Offices)

            Issuer's Telephone Number: (570)837-7114

     Indicate  by check mark  whether the  Registrant  (1) has filed all
reports required to be filed by Sections 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.

(1)  Yes   X    No             (2)  Yes  X    No
         ----     ----                 ----         ----
<PAGE>

APPLICABLE  ONLY TO  ISSUERS  INVOLVED  IN  BANKRUPTCY  PROCEEDINGS  DURING
THE PRECEDING FIVE YEARS

None; not applicable.

     APPLICABLE  ONLY  TO  CORPORATE  ISSUERS  Indicate  the  number  of
shares outstanding  of each of the  Registrant's  classes  of common  stock,
as of the latest practicable date:

                      March 31, 1999
                   Common Voting Stock
                       10,100,010

                     March 31, 1999
                     Preferred Stock
                          -0-



PART I - FINANCIAL INFORMATION

Item 1.Financial Statements.

     The Financial  Statements of the Registrant  required to be filed with
this 10-QSB  Quarterly  Report  were  prepared  by  management  and
commence
on the following page,  together with related Notes. In the opinion of
management,  the Financial Statements fairly present the financial condition
of the Registrant.
<PAGE>
<TABLE>


                      KINGSLEY COACH, INC.
                (FORMERLY Micro-Hydro Power, Inc.)
                        BALANCE SHEET
              March 31, 1999 and December 31, 1998
                         (Unaudited)

<CAPTION>
                           ASSETS
                                     3/31/99
12/31/98




<S>                                    <C>                 <C>
Current Assets:
     Cash                               $  87,841           $  67,724
     Accounts Receivable                   22,959              22,959
     Inventory                            847,636             800,172
         Total Current Assets             958,436             890,855

Property & Equipment, net                  98,682              98,682

Other Assets:
     Deposits                               3,650               3,650

TOTAL ASSETS                           $1,060,768           $ 993,187


             LIABILITIES & STOCKHOLDERS' DEFICIT

Current Liabilities
     Accounts Payable                  $  102,768          $ 145,334
     Accrued Liabilities                   22,187                  0
     Payable - Related Party              104,878             80,414
     Payroll Taxes Payable                 45,076             44,596
     Customer Deposits                    687,260            540,868
     Note Payable - Manufacturers         335,000            200,000
     Note Payable - Other                 470,502            479,523
     Note Payable - Shareholder           537,846            537,846
     Deferred Credits                      52,367                  0
         Total Current Liabilities      2,357,884          2,050,768

Stockholders' Deficit
    Preferred stock, $.00001 par value;
     authorized 5,000,000 shares; issued
     and outstanding -0- shares                 0                  0
    Common stock, $.00001 par value;
     authorized 30,000,000 shares;
     issued and outstanding 10,100,010        101                101
    Additional Paid-in Capital            191,878            191,878
    Accumulated Deficit                (1,249,560)        (1,249,560)
    Current Year Deficit               (  239,535)                 -
         Total Stockholders' Deficit   (1,297,116)        (1,057,581)

TOTAL LIABILITIES
     AND STOCKHOLDERS' DEFICIT          1,060,768            993,187

</TABLE>
See accompanying notes to financial statements.

<TABLE>

                        KINGSLEY COACH, INC.
                 (Formerly Micro-Hydro Power, Inc.)
                     STATEMENTS OF OPERATIONS
       For the Three Month Periods Ended March 31, 1999 and 1998
                          (Unaudited)

<CAPTION>
                                     Three Months       Three Months
                                        Ended
Ended                                                      3/31/99
3/31/98            <S>                                 <C>
<C>
REVENUE
   Sales                             $ 133,306            $       0
   Cost of Sales                      (128,211)                   0
      Gross Margin                       5,095                    0

General and Administrative Expenses    219,707                2,029
      Net Loss from Operations        (214,612)              (2,029)

Other Income/Expense
   Interest Expense                    (24,923)                   0
      Total Other Income/Expense       (24,923)                   0

Net Loss Before Taxes                 (239,535)              (2,029)
    Income Taxes                             0                     0

Net Loss                             $(239,535)             $(2,029)

Loss Per Share                       $    (.02)             $(.0003)

Weighted Average
      Shares Outstanding            10,100,010            7,300,010

</TABLE>

See accompanying notes to the financial statements.

<TABLE>
                      KINGSLEY COACH, INC.
              (Formerly Micro-Hydro Power, Inc.)
              STATEMENT OF STOCKHOLDERS' DEFICIT
             FOR THE QUARTER ENDED MARCH 31, 1999
<CAPTION>
                                       Addit'l   Accum-      Total
                   Shares     Common   Paid-in   ulated   Stockholders'
                   Issued     Stock    Capital   Deficit     Deficit
<S>               <C>        <C>      <C>       <C>         <C>

Balance, December
31, 1998          10,100,010 $ 101    $191,878  $(1,249,560) $(1,057,581)

Net Loss for the
Period Ended
March 31, 1999                                     (239,535)    (239,535)

Balance, March 31,
1999             10,100,010 $ 101     $191,878  $(1,489,095) $(1,297,116)

</TABLE>

See accompanying notes to the financial statements.

<TABLE>

                      KINGSLEY COACH, INC.
              (Formerly Micro-Hydro Power, Inc.)
                    STATEMENTS OF CASH FLOWS
    For the Three Month Periods Ended March 31, 1999 and 1998
                        (Unaudited)
<CAPTION>
                                      Three Months      Three Months
                                         Ended
Ended                                                         3/31/99
3/31/98
<S>                                  <C>               <C>
Cash Flows Provided By/Used For
     Operating Activities

  Net Loss                            $  (239,535)      $  (2,029)
  Adjustments to reconcile
  net loss to net cash provided by/
  used in operating activities:
    Increase in inventory                (47,464)               0
    Increase in payroll liabilities          480                0
    Decrease in accounts payable         (42,566)            (100)
    Increase in customer deposits        146,392                0
      Net Cash Provided By/Used
      for Operating Activities          (130,326)            (100)

Cash Flows Provided By/Used for
Financing Activities
  Principal increase in notes payable    150,443                0
  Investment by shareholder                    0            2,129
     Net Cash Provided By Financing
     Activities                          150,443            2,219
       Net Increase in Cash               20,117                0

Beginning Cash Balance                    67,724                0

Ending Cash Balance                       87,841                0

Supplemental Disclosure
  Interest paid                           24,923                0
 Income taxes paid                             0                0

</TABLE>

     NOTES TO FINANCIAL  STATEMENTS:  Interim  financial  statements  reflect
all adjustments  which  are,  in the  opinion  of  management,  necessary  to
a fair statement  of the results for the periods.  The December 31, 1998
balance  sheet has been derived from the audited financial statements.  These
interim financial statements  conform with the requirements for interim
financial  statements and consequently do not include all the disclosures
normally  required by generally accepted accounting principles.
<PAGE>

Item 2.  Management Discussion and Analysis or Plan of Operation for the
Period Ended March 31, 1999, including material events as applicable

    The Company was essentially dormant for ten years until an Agreement and
Plan of Reorganization was executed on December 18, 1998, between the
Company and Kingsley Coach, LLC, a Louisiana limited liability company,
following the execution of a Letter of Intent between the companies on
November 8, 1998.  The result was the acquisition of the assets and
liabilities of The Kingsley Coach, LLC.

    The Company accumulated losses through December 31, 1998 amounting to
$1,249,560 and has a net working capital deficiency of $1,057,581 at December
31, 1998.  It accumulated losses through March 31, 1999 amounting to $239,535
and had a net working capital deficiency of $1,297,076 at March 31, 1999.

     Management believes it can satisfy cash requirements through the end of
the year from cash flow from operations without needing to raise additional
funds.  The Company is considering raising additional capital in order to
increase inventory and thereby speed up delivery time of its product to its
customers, and also to improve the Company's marketing efforts.  No specific
plans for such capital raising have been made at this time.

     Management is pursuing product research and development on more high-end
and exotic materials for installation on the interior of its coaches, which
Management expects would create higher per-unit sales and produce greater
profit margins.

     Management is considering upgrading its paint and graphic design
facility, which would provide more space and would allow for more
computer-based design and application of its graphics and paints, which
management expects would create higher per-unit sales and produce greater
profit margins.

        Management recognizes that is product is considered a luxury item, and
that as the economy has enjoyed remarkable growth for some time, that the
growth cycle may end, detrimentally affecting consumer interest in luxury
items.  However, management has not seen a decrease in interest or in sales,
and expects, as more babyboomers begin consider retirement, that sales will
continue to increase for the foreseeable future, even if the economy
experiences a downturn.


PART II - OTHER INFORMATION

Item 1.Legal Proceedings.

None; not applicable.

Item 2.Changes in Securities.

None; not applicable.

Item 3.Defaults Upon Senior Securities.

None; not applicable.

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

None; not applicable.

Item 5.Other Information.

None; not applicable.

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

(a)Exhibits.*

[S]                                                [C]
                                                  Where Incorporated
                                                    in this Report
                                                    --------------
          (i)

     Amendment to Report on Material or                Part I
     Corporate Events on Form 8-K/A,
     as filed on January 12, 1999**

     Amendment to Report on Material or                Part I
     Corporate Events on Form 8-K/A,
     as filed on March 3, 1999**

Exhibit Number                                     Description
- --------------                                     -----------

     (27)                                     Financial Date Schedule.


(b)Reports on Form 8-K.

     **This exhibit has previously been filed with the Securities and
Exchange
Commission.
<PAGE>

SIGNATURES

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

                           KINGSLEY COACH, INC.


Date: 5-24-99              By /S/Ralph Dickenson
                           President and Director