SECURITIES AND EXCHANGE COMMISSION
                         Washington, DC 20549


                              FORM 10-QA

                                                                           
          QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                  THE SECURITIES EXCHANGE ACT OF 1934


For the quarterly period ended March 31, 1996

							Commission File Number: 000-19210 



          USA Capital Land Fund, a Nevada limited partnership


	           Nevada                              88-0248397      
    (State or other jurisdiction of             (I.R.S. Employer
     incorporation or organization)             Identification No.)


        3900 Paradise Road, Ste 263                   89109        
            Las Vegas, Nevada                       (Zip Code) 
  (Address of principal executive offices)         


   Registrant's telephone number:                  (702) 734-8721  





Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) during the preceding 12 months,
and (2) has been subject to such filing requirements for the past 90 days.

Yes   X    No      










          USA CAPITAL LAND FUND, A NEVADA LIMITED PARTNERSHIP



                              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 thereunder duly authorized.


							USA CAPITAL LAND FUND
							A NEVADA LIMITED PARTNERSHIP
							Registrant


							Al Whalen
							Chief financial Officer for:
							USA Partners, Inc., the General
							Partner for USA Capital Land Fund,
                                   a Nevada limited partnership


							Thomas Hantges
							President of:
							USA Partners, Inc., the General
							Partner for USA Capital Land Fund,
							a Nevada limited partnership

<TABLE> <S> <C>

<ARTICLE> 5
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                         287,125
<SECURITIES>                                   131,764
<RECEIVABLES>                                  380,059
<ALLOWANCES>                                        00
<INVENTORY>                                    112,782
<CURRENT-ASSETS>                               911,730
<PP&E>                                           2,993
<DEPRECIATION>                                      00
<TOTAL-ASSETS>                                 914,723
<CURRENT-LIABILITIES>                           13,582
<BONDS>                                             00
                               00
                                         00
<COMMON>                                            00
<OTHER-SE>                                     901,141
<TOTAL-LIABILITY-AND-EQUITY>                   914,723
<SALES>                                      1,079,100
<TOTAL-REVENUES>                             1,094,837
<CGS>                                        1,205,269
<TOTAL-COSTS>                                1,245,023
<OTHER-EXPENSES>                                    00
<LOSS-PROVISION>                                    00
<INTEREST-EXPENSE>                                  00
<INCOME-PRETAX>                                     00
<INCOME-TAX>                                        00
<INCOME-CONTINUING>                                 00
<DISCONTINUED>                                      00
<EXTRAORDINARY>                                     00
<CHANGES>                                           00
<NET-INCOME>                                 (150,186)
<EPS-PRIMARY>                                       00
<EPS-DILUTED>                                       00
        

</TABLE>



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