GLOBAL VENTURE FUNDING INC
10QSB/A, 1996-10-25
COMMUNICATIONS SERVICES, NEC
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            UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549
  
  
                               FORM 10-QSB/A1
  
  (Mark One)
  [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
  
  For the quarterly period ended June 30, 1996
  
  [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT
  OF 1934
  
  For the transition period from        to 
  
  Commission File Number 0-14213     
  
  
                       GLOBAL VENTURE FUNDING, INC.               
   
    (exact name of small business issuer as specified in its
charter)
  
  
  
    Colorado                               84-0990371   
(State or other jurisdiction of         (I.R.S. Employer  
incorporation or organization)         Identification No.)
  
  
  
                   2712 Echo Mesa Drive
                   Las Vegas,  NV  89134        
              (Address of Principal Executive Offices)
  


                             (702) 233-6638
                       (Issuer's telephone number)
  
  
Check whether the issuer (1) filed all reports required to 
be filed by Section 13 or 15(d) of the Exchange Act during 
the past 12 months (or for such shorter period that the 
issuer was required to file such report), and (2) has been 
subject to such filing requirements for the past 90 
days.  Yes   x    No      
 
State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date.
  Class                       Outstanding at July 15, 1996
Common Stock $.0001 par value        2,782,513                              
    
                                                                  

_____________________________________________________________________
                   EXHIBIT TO AMENDMENT

Item 6. Exhibits and Reports on Form 10-QSB/A1

(a) Exhibits
         EX-27 Financial Data Schedule

______________________________________________________________________

______________________________________________________________________

                         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 hereunto duly authorized.

                                  GLOBAL VENTURE FUNDING, INC.


Date: October 25, 1996             BY:   /s/  Robert M. Dolan
                                      President




<TABLE> <S> <C>

<ARTICLE> 5
<CIK> 0000774454
<NAME> GLOBAL VENTURE FUNDING, INC.
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                          61,904
<SECURITIES>                                         0
<RECEIVABLES>                                   22,679
<ALLOWANCES>                                         0
<INVENTORY>                                      7,874
<CURRENT-ASSETS>                               127,969
<PP&E>                                          23,980
<DEPRECIATION>                                   1,163
<TOTAL-ASSETS>                                 151,336
<CURRENT-LIABILITIES>                           64,622
<BONDS>                                              0
                                0
                                     90,417
<COMMON>                                           278
<OTHER-SE>                                    (163,981)
<TOTAL-LIABILITY-AND-EQUITY>                   151,336
<SALES>                                        142,643
<TOTAL-REVENUES>                               142,643
<CGS>                                           36,315
<TOTAL-COSTS>                                   36,315
<OTHER-EXPENSES>                               148,672
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                (42,344)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            (42,344)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (42,344)
<EPS-PRIMARY>                                   (0.02)
<EPS-DILUTED>                                   (0.00) <F1>
<FN>
<F1>
Not applicable due to loss.
</FN>
        

</TABLE>


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