CANISCO RESOURCES INC, 10-Q/A, 1996-11-15

CANISCO RESOURCES INC
10-Q/A, 1996-11-15
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[TEXT]
                         UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, DC  20549


                           FORM 10-Q

        (X)  QUARTERLY REPORT UNDER SECTION 13 OR 15 (d)
             OF THE SECURITIES EXCHANGE ACT OF 1934

        For the Quarterly Period Ended September 30, 1996

                               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 0-12293

                 CANISCO RESOURCES, INC.
     (Exact Name of Registrant as Specified in its Charter)

     Delaware                                54-0952207
(State  of  Incorporation)          (IRS Employer Identification No.)

     300 Delaware Ave. Suite 714, Wilmington, DE            19801
      (Address of Principal Executive Offices)           (Zip Code)

                         (302) 777-5050 
      (Registrant's Telephone Number, Including Area Code)


      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   ( )


   Common Stock, par value $.0025 per share 2,169,190 shares
              outstanding as of September 30, 1996.


                         PART I  ITEM 1

                      FINANCIAL STATEMENTS
           INDEX TO CONSOLIDATED FINANCIAL STATEMENTS


Unaudited Consolidated Balance Sheets as of
     September 30, 1996 and March 31, 1996

Unaudited Consolidated Statements of Operations for
     the Six Month Periods Ended September 30, 1996 and 1995

Unaudited Consolidated Statements of Operations for
     the Three Month Periods Ended September 30, 1996 and 1995

Unaudited Consolidated Statements of Cash Flows for
     the Six Month Periods Ended September 30, 1996 and 1995


                         PART I   ITEM 2

Management's Discussion and Analysis of Financial Condition
     and Results of Operations


                        PART II   ITEM 6

Exhibits and Reports on Form 8-K


PART II   ITEM 6         EXHIBITS AND REPORTS ON FORM 8-K

Exhibit 27     Financial Data Schedule for the Six Month Period
               Ended September 30, 1996.



                         SIGNATURES

Date:  November 1, 1996         

       CANISCO RESOURCES, INC.

                                      /s/  Ralph A. Trallo
                                      President and CEO

                                      /s/  Michael J. Olson
                                      Chief Financial Officer