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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001016681-97-000032.txt : 19970722
<SEC-HEADER>0001016681-97-000032.hdr.sgml : 19970722
ACCESSION NUMBER:		0001016681-97-000032
CONFORMED SUBMISSION TYPE:	10-Q/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19970630
FILED AS OF DATE:		19970721
SROS:			NASD

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CORNICHE GROUP INC /DE
		CENTRAL INDEX KEY:			0000320017
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-PAPER AND PAPER PRODUCTS [5110]
		IRS NUMBER:				222343568
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		10-Q/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-10909
		FILM NUMBER:		97643117

	BUSINESS ADDRESS:	
		STREET 1:		WAYNE INTERCHANGE PLAZA 1
		STREET 2:		145 ROUTE 46 WEST
		CITY:			WAYNE
		STATE:			NJ
		ZIP:			07470
		BUSINESS PHONE:		2017853338

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIDELITY MEDICAL SERVICES INC
		DATE OF NAME CHANGE:	19830825
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q/A
<SEQUENCE>1
<TEXT>

                     SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549

                          ________________________

                               FORM 10-Q/A
  (Mark One)
     [X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
          EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 1997

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

For the transition period from ________________ to ________________

                      Commission file number:  0-10909

                         CORNICHE GROUP INCORPORATED
            (Exact name of registrant as specified in its charter)

                Delaware                              22-2343568
     (State or other jurisdiction of               (I.R.S. employer
     incorporation or organization)                Identification No.)

          Wayne Interchange Plaza I
         145 Route 46 West, Wayne, NJ                    07470
     (Address of principal executive offices)          (Zip code)

Registrant's telephone number, including area code:  201-785-3330

                                 Not Applicable
             (Former name, former address and former fiscal year,
                        if changed since last report)

     Indicate by check X whether registrant (1) has filed all reports required 
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 
during the preceding 12 months (or for such shorter period that registrant was 
required to file such reports), and (2) has been subject to such filing 
requirements for the past 90 days.    Yes       X          No
                                             ________           __________

                     4,572,743 shares, $.10 par value
       (Indicate the number of shares outstanding of each of the issuer's
           classes of common stock, as of the latest practicable date)

                                  ________________________

                                     Page 1 of 3 pages

<PAGE>
                                CORNICHE GROUP INCORPORATED
                                      Balance Sheet

                                         ASSETS
<TABLE>
<CAPTION>

                                                        June 30,     March 31,
                                                          1997         1997
                                                     (unaudited)     (audited)
     <S>                                                 <C>            <C>
     Current assets:

          Cash                                          $263,428       $13,167
          Other receivables and prepaid expenses           1,087         1,000
                                                       ----------     ---------
             Total current assets                        264,515        14,167

     Other assets:

          Property and equipment, net                        650           747
                                                        ----------     --------
             Total assets                               $265,165       $14,914
                                                        =========     =========

LIABILITIES AND STOCKHOLDERS' (DEFICIENCY) EQUITY

     Current liabilities:

          Notes payable                                      $0       $400,000
          Trade accounts payable                            574          4,929
          Dividends payable - preferred stock           162,086        148,397
          Accrued liabilities                            19,900        113,297
                                                    ------------     ----------
             Total current liabilities                  182,560        666,623
                                                    ------------     ----------
     Stockholders' (deficiency) equity:

     Stockholders' (deficiency) equity
          Preferred Stock, $.01 par value,
            authorized 5,000,000 shares
            including 1,000,000 shares of
            Series A 7% cumulative convertible
            preferred stock, issued and outstanding
            896,967 shares of Series A preferred stock
            at June 30, 1997 (909,267 shares of Series
            A preferred stock at March 31, 1997)       896,967         909,267
     Common stock, $0.10 par value,
            authorized - 30,000,000 shares, issued
            4,572,743 shares at June 30, 1997
            (2,630,378 shares at March 31, 1997)       457,274         263,037

     Additional paid-in capital                      1,521,149         830,086
     (Accumulated deficit) retained earnings        (2,588,075)     (2,449,398)
                                                   -------------   -----------
                                                       287,315     (   446,999)
     Treasury stock-at cost, 218,100 shares         (  204,710)    (   204,710)
                                                   -------------   ------------
     Total stockholders' (deficiency) equity            82,605     (   651,709)
                                                   -------------   ------------
     Total liabilities and stockholders'
          (deficiency) equity                         $265,165         $14,914
                                                     ==========      ==========
</TABLE>
                              See accompanying notes

<PAGE>2
                                      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.


                              CORNICHE GROUP INCORPORATED
                                     (Registrant)


                              By   /s/ James J. Fyfe
                                  JAMES J. FYFE, Vice President and
                                   Principal Financial Officer

Date:   July 18, 1997

<PAGE>3
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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