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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000823544-98-000005.txt : 19981110
<SEC-HEADER>0000823544-98-000005.hdr.sgml : 19981110
ACCESSION NUMBER:		0000823544-98-000005
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19980630
FILED AS OF DATE:		19981109

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEMPORARY TIME CAPITAL CORP
		CENTRAL INDEX KEY:			0000823544
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-HELP SUPPLY SERVICES [7363]
		IRS NUMBER:				930955290
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		
		SEC FILE NUMBER:	033-17774-NY
		FILM NUMBER:		98740105

	BUSINESS ADDRESS:	
		STREET 1:		317 MADISON AVENUE SUITE 2315
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2126614187

	MAIL ADDRESS:	
		STREET 1:		317 MADISON AVE
		STREET 2:		RM 2315
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<DESCRIPTION>QUARTERLY REPORT
<TEXT>


<PAGE>

                      SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON D.C. 20549

                                   FORM 1O-Q

               (X) I QUARTERLY REPORT PURSUANT TO SECTION 13 OR
                15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

                       For Quarter Ending June 30, 1998

                        Commission File No. 33-17774-NY


                         TEMPORARY TIME CAPITAL CORP.
                         ----------------------------
            (Exact name of registrant as specified in its charter)

           Colorado                                93-0955290
           --------                                ----------
 (State or other jurisdiction of        (I.R.S. Employer Identification No.)
 incorporation or organization)

           317 Madison Avenue, Suite 2315, New York, NY    10017
           --------------------------------------------    -----
             (Address of Principal Executive Offices)    (Zip Code)

                                (212) 661-4187
                                --------------
                (Registrant's telephone number, including area code)


  --------------------------------------------------------------------------
    (Former name, former address and former fiscal year, if changed since
                                 last report)

         Indicate by check mark whether the 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
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 [ ]


<PAGE>

                        PART 1- FINANCIAL INFORMATION

Item 1. Financial Statements

        Unaudited condensed balance sheets as of June 30, 1998.

        Unaudited condensed statements of income and expenses for three 
        months ended June 30, 1998 and June 30, 1997

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

        None.

                         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 Vote of Security Holders

        None.

Item 5. Other Information

        None.

Item 6. Exhibits and Reports on Form 8-K

        None.


<PAGE>

                                  SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed by the following persons on behalf of the Company
and in the capacities on the dates indicated.



Date: October 28, 1998             By: /s/ Joseph T. Maloney
                                       ---------------------
                                       Joseph T. Maloney
                                       Chairman of the Board, President,
                                       Chief Executive Officer and Director


<PAGE>


                  TEMPORARY TIME CAPITAL CORP & SUBSIDIARIES
                            CONDENSED BALANCE SHEET
                              AS OF JUNE 30, 1998

ASSETS

CURRENT ASSETS:
 CASH                                          $      64,647.00
 RECEIVABLES & OTHER                               2,341,607.00
                                                  -------------
                                                   2,406,254.00

FIXED ASSETS:
 FIXED ASSETS - NET ACCUM DEPREC                      79,385.00

OTHER ASSETS:
 OTHER ASSETS                                        139,400.00
                                                  -------------
                                               $   2,625,O39.00
                                                  =============

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
  CURRENT LIABILITIES                          $   1,517,424.00


NON-CURRENT LIABILITIES:
 NON-CURRENT LIABILITIES                              35,622.00
                                                  -------------
                                                   1,553,046.00

STOCKHOLDERS' EQUITY:

 Capital Stock                                 $       2,343.00
 Additional paid in capital                        1,121,309.00
 Treasury stock                                      (58,814.00)
 Retained Earnings                                  (265,538.00)
 NET INCOME (LOSS)                                   272,693.00
                                                  -------------

   TOTAL STOCKHOLDERS' EQUITY                      1,071,993.00
                                                  -------------
                                               $   2,625,039.00
                                                  =============


                                   UNAUDITED


<PAGE>



                  TEMPORARY TIME CAPITAL CORP & SUBSIDIARIES
                  CONDENSED STATEMENT OF INCOME AND EXPENSES
               FOR THE THREE MONTHS ENDED JUNE 30, 1998 and 1997


                                             JUNE 30, 1998        JUNE 30, 1997
                                             -------------        ------------

INCOME                                      $ 3,127,241.00      $ 2,050,306.00

DIRECT EXPENSES                               2,068,044.00        1,376,115.00
                                             -------------       -------------
                                              1,059,197.00          674,191.00

GENERAL & ADMINSTRATIVE                         729,890.00          541,383.00
                                             -------------       -------------

NET OPERATING INCOME                            329,307.00           95,659.00

OTHER EXPENSES                                   56,614.00           37,149.00
                                             -------------       -------------  
   NET INCOME                                $  272,693.00       $   95,659.00
                                             =============       =============




                                   UNAUDITED

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-27
<SEQUENCE>2
<DESCRIPTION>FDS
<TEXT>

<TABLE> <S> <C>


<ARTICLE>                     5

       
<S>                                            <C>
<PERIOD-TYPE>                                  3-MOS
<FISCAL-YEAR-END>                              MAR-31-1999
<PERIOD-END>                                   JUN-30-1998
<CASH>                                         64,647
<SECURITIES>                                   0
<RECEIVABLES>                                  2,341,607
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               2,406,254
<PP&E>                                         79,385
<DEPRECIATION>                                 0
<TOTAL-ASSETS>                                 2,625,039
<CURRENT-LIABILITIES>                          1,517,424
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       2,343
<OTHER-SE>                                     1,062,496
<TOTAL-LIABILITY-AND-EQUITY>                   2,625,039
<SALES>                                        3,127,241
<TOTAL-REVENUES>                               3,127,241
<CGS>                                          2,068,044
<TOTAL-COSTS>                                  2,797,935
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             56,614
<INCOME-PRETAX>                                272,693
<INCOME-TAX>                                   272,693
<INCOME-CONTINUING>                            272,693
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   272,693
<EPS-PRIMARY>                                  0.84
<EPS-DILUTED>                                  0.84
        


</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
