HUNGARIAN TELECONSTRUCT CORP
10QSB/A, 1996-07-10
WATER, SEWER, PIPELINE, COMM & POWER LINE CONSTRUCTION
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                           Securities and Exchange Commission
                                 Washington, D.C. 20549

                                       Form 10-QSB/A

                       Quarterly Report Under Section 13 or 15(D)
                         of the Securities Exchange Act of 1934

For the Quarter Ended                             Commission File Number    
March 31, 1996                                                    1-1200    


                              HUNGARIAN TELECONSTRUCT CORP.
                 (Exact name of Registrant as specified in its charter)


               Delaware                                    13-3696015
     (State or other jurisdiction of                    (I.R.S. Employer
     incorporation or organization)                    Identification No.)

                           445 Park Avenue, New York, NY 10022
                        (Address of principal executive offices)

                                     (212) 758-9870
                 The 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 requirement 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 possible date:


Common Stock, $.001 par value                         1,518,290 Shares 
          (Class)                             (Outstanding at March 31, 1996)  





<PAGE>

                                  SIGNATURES



Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, as amended, the Registrant has duly caused this Report to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of New 
York, State of New York, on the         day of May, 1996.




                                          HUNGARIAN TELECONSTRUCT CORP.


                                          By                                   
                                              Frank R. Cohen
                                              Treasurer 




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

<TABLE> <S> <C>

       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                         545,703
<SECURITIES>                                         0
<RECEIVABLES>                                  294,709
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               882,491
<PP&E>                                         677,317
<DEPRECIATION>                                  80,745
<TOTAL-ASSETS>                               5,793,272
<CURRENT-LIABILITIES>                          954,735
<BONDS>                                              0
                                0
                                          0
<COMMON>                                         1,518
<OTHER-SE>                                   4,837,019
<TOTAL-LIABILITY-AND-EQUITY>                 5,793,272
<SALES>                                              0
<TOTAL-REVENUES>                                31,098
<CGS>                                                0
<TOTAL-COSTS>                                  408,602
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                             (438,518)
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                              (438,518)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (438,518)
<EPS-PRIMARY>                                    (.29)
<EPS-DILUTED>                                    (.29)
        





</TABLE>


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