MOTORS MECHANICAL REINSURANCE CO LTD
10-Q/A, 1995-01-13
FIRE, MARINE & CASUALTY INSURANCE
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                SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON. D.C.  20549
                           FORM 10-Q/A

                         Amendment No. 2

 X   Quarterly report pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

For quarterly period ended    September 30, 1994     

     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      33-6534     

           Motors Mechanical Reinsurance Company, Limited        
_________________________________________________________________
       (Exact name of registrant as specified in its charter)

           Barbados                              NA              
_________________________________________________________________
(State or other jurisdiction of            (I.R.S. Employer
incorporation or organization)             Identification No.)

        Bishops Court Hill, St. Michael, Barbados       NA       
_________________________________________________________________
        (Address of principle executive offices)     (Zip Code)

                           (809) 436-4895                        
_________________________________________________________________
        (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     
                    _____    _____


          Indicate the number of shares outstanding of each of
the issuer's classes of common stock as of the latest practicable
date.

            Class                     As of September 30, 1994

  Common Stock, no par-value                  2,000
  Participating Stock, no par-value          21,400




     This quarterly report, filed pursuant to Rule 13a-13 of the
General Rules and Regulations under the Securities Exchange Act
of 1934, consists of the following information as specified in
Form 10-Q:

PART II OTHER INFORMATION

Item 6.   Exhibits and Reports on Form 8-K

          (a)  Exhibits.

                    (27) Financial Data Schedule

          (b)  Reports on Form 8-K.   No reports on Form 8-K were
filed during the quarter for which this report is filed.  


                            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.

   MOTORS MECHANICAL REINSURANCE COMPANY, LIMITED  (Registrant)


                              By:  s/Ronald W. Jones         
                                   __________________________
                                   Ronald W. Jones
                                   Vice President
                                   Signing on behalf of
                                   the Registrant, and
                                   Principal Financial Officer


Dated:  January 13, 1995

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 7
<LEGEND>
This schedule contains summary financial information extracted from unaudited
financial statements contained in the Company's quarterly report on Form 10-Q
for the quarter ended September 30, 1994 and is qualified in its entirety by
references to such financial statements.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               SEP-30-1994
<DEBT-HELD-FOR-SALE>                        36,943,605
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                           0
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                              36,943,605
<CASH>                                       5,775,694
<RECOVER-REINSURE>                                   0
<DEFERRED-ACQUISITION>                      13,951,296
<TOTAL-ASSETS>                              61,583,989
<POLICY-LOSSES>                              2,549,583
<UNEARNED-PREMIUMS>                         53,699,611
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                      0
<COMMON>                                       200,000
                                0
                                          0
<OTHER-SE>                                   5,024,793
<TOTAL-LIABILITY-AND-EQUITY>                61,583,989
                                  15,232,246
<INVESTMENT-INCOME>                          1,938,436
<INVESTMENT-GAINS>                         (1,112,164)
<OTHER-INCOME>                                       0
<BENEFITS>                                  10,663,269
<UNDERWRITING-AMORTIZATION>                  3,958,877
<UNDERWRITING-OTHER>                           371,845
<INCOME-PRETAX>                              1,064,527
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          1,064,527
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,064,527
<EPS-PRIMARY>                                        0<F1>
<EPS-DILUTED>                                        0<F1>
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0
<FN>
<F1> Information as to earnings per share is not provided
     inasmuch as the results for each series of stock will vary
     with the underwriting experience attributable to each
     Subsidiary Capital Account established with respect to that
     series.
</FN>
        

</TABLE>


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