-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 OUHBqyk+s4abZAmJ9EFJQmGuvD8W8UxUpTaQbJM9us/9X+J/TeCBfmOhcu706CoE
 55otR2b0o4Z61mLRFrFLSw==

<SEC-DOCUMENT>0000950120-99-000165.txt : 19990518
<SEC-HEADER>0000950120-99-000165.hdr.sgml : 19990518
ACCESSION NUMBER:		0000950120-99-000165
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19990331
FILED AS OF DATE:		19990517

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PARAMOUNT FINANCIAL CORP
		CENTRAL INDEX KEY:			0001000179
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER RENTAL & LEASING [7377]
		IRS NUMBER:				113072768
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		
		SEC FILE NUMBER:	000-27190
		FILM NUMBER:		99626373

	BUSINESS ADDRESS:	
		STREET 1:		ONE JERICHO PLAZA
		CITY:			JERICHO
		STATE:			NY
		ZIP:			11753
		BUSINESS PHONE:		9169383400

	MAIL ADDRESS:	
		STREET 1:		ONE JERICHO PLZ
		CITY:			JERICHO
		STATE:			NY
		ZIP:			11753
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>000095012099000165-001-seq1-10-q.txt
<DESCRIPTION>FORM 10-Q FOR PARAMOUNT FINANCIAL CORPORATION
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-27
<SEQUENCE>2
<FILENAME>000095012099000165-002-seq2-ex-27.txt
<DESCRIPTION>FINANCIAL DATA SCHEDULE
</DOCUMENT>
</SUBMISSION>