U.S. Securities and Exchange Commission
Washington, D.C. 20549

FORM 10-QSB

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

For the quarterly period ended: March 31, 2000

<   >   TRANSITION REPORT UNDER SECTION 133 OR 15 (d)
OF THE EXCHANGE ACT

For the transition period from:                To:

Commission file number: 33-26899-D

The J. Rish Group, Inc.
(Exact Name of Registrant as specified in its charter)

6748 Renoir
Baton Rouge, Louisiana 70816
(Address code of principal executive offices)

(504) 926-0596
(Issuer's telephone number)

Check mark whether the Issuer (1) has filed all reports required by Section 13 or 15(d) of the Exchange Act 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 the filing requirements for at least the past 90 days. YES: X   NO:

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PREVIOUS FIVE YEARS

Check whether the registrant filed all documents and reports required to be filed by Section 12, 13, or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by the court. YES:   NO:

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuers' classes of common stock, as of the last practicable date: 24,731,000

Transitional Small Business Disclosure Format: YES:     NO: X  

The J. Rish Group, Inc.
Notes to Financial Statements

The accompanying condensed unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to form 10-QSB. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year. The accompanying financial statements should be read in conjunction with the company's form 10-KSB filed for the year ended December 31, 1999.

The J. Rish Group, Inc.
Management's Discussion and Analysis of
Financial Position and Results of Operation

According to Julian Rish, CEO

Revenue for the first quarter of 2000 before contractual allowances totaled $9,828,097. This volume compares favorable to the last quarter of 1999 ($8,937,913) and reflects an overall increase of approximately 10%. This increase is due to a solid continued performance of the company's acute inpatient rehab hospital in Monroe, Louisiana as well as the new outpatient rehab that was opened in Jackson, Mississippi in January of 2000.

The company plans to open its second acute inpatient rehab hospital in Marion, Louisiana on or before June 15, 2000. This small-specialized hospital should boost monthly revenues by $800,000 per month and approximately $9,500,000 per year. Approximately one half of this amount or $4,750,000 will be generated during the last half of 2000.

Our two newest outpatient rehab clinics located in Vicksburg, Mississippi and Jackson, Mississippi are performing excellently well with monthly revenues each of $250,000 before contractual allowances for a total annual revenue of approximately $6,000,000 per year.

Two more outpatient clinics located at Columbia and Gulf Port, Mississippi are up and running since May 1, 2000 with one more to open in Magnolia, Mississippi on or before June 15, 2000. Assuming these clinics produce a minimum of $150,000 each month, and this is very conservative, they will boost fiscal 2000 revenues by $450,000 per month from July 1, through December 31, for a total of $2,700,000 for the last 6 months of 2000.

Management notes that changes in reimbursement rates may be announced by HCFA on or before July 1, 2000. Preparations to adjust to these reduced rates of reimbursement have been management's objective since January 2000. Management is seasoned in this area as we have experienced reduced reimbursement rates in January 1,1999. We do not take them likely, and we are confident our preparation for these changes will position the company to take these changes in stride and continue to grow. Our ability to absorb these downward changes in rates of reimbursement on an ongoing basis speaks well of our company's strong emphasis on choosing capable seasoned management as well as "downloading" management principles and training throughout our organizations. Further, it is our strong belief that only companies that are managed extremely well, who can "adjust" to new situations almost overnight are the only ones that will survive in the ever changing health care industry.

Before contractual allowances and adjustments for anticipated reimbursement reductions on or before July 1,2000, anticipated revenue for 2000 should equal or exceed $55,000,000. If the company reaches this goal, revenues for 2000 will almost triple revenues of 1999 ($20,437,000). Management is very proud of this growth as it tracks toward its objective of $100,000,000 per year and the fact that it continues our aggressive expansion program in a fairly complicated but highly potential health care market.

Our strategy for the balance of 2000 is to hold the ground we have gained and to continue our rapid expansion. At every turn, we will seek opportunities through company start-ups as well as corporate acquisitions that will produce profits and diversify our income stream with cost reimbursed and private pay for the expressed purpose of generating profits for the benefit of our stockholders. Management feels strongly that existing cash flows will continue to be sufficient to carry our operations and to continue our expansion plans, as in the past. Management does however, feel the need to raise up to $10,000,000 for the expressed purpose of fueling some highly desirable acquisitions that would generate strong profits immediately. Negotiations have already begun with at least one firm to assist the company toward this end.

PART II
OTHER INFORMATION

ITEM 1:   LEGAL PROCEEDINGS.

Not applicable.

ITEM 2:   CHANGES IN SECURITIES.

Not applicable.

ITEM 3:   DEFAULTS UPON SENIOR SECURITIES.

Not applicable.

ITEM 4:   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

Not applicable.

ITEM 5:   OTHER INFORMATION.

Not applicable.

ITEM 6:   EXHIBITS AND REPORTS ON FORM 8-K.

(A)  Not applicable.

(B)  Exhibit 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 thereunto duly authorized.

The J. Rish Group, Inc.
(Registrant)

Dated: May 19, 2000

By:

_____________________________________
Julian P. Rish, Chief Executive Officer