UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB/A
(X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD
ENDED SEPTEMBER 30, 1996
( ) 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: O-24058
WESTERN COUNTRY CLUBS, INC.
Exact name of Registrant as specified in its charter
Colorado 84-1131343
(State or other jurisdiction of I.R.S. Employer
incorporation or organization) Identification No.
1601 WEST EVANS, DENVER, CO 80223
Address of principal executive offices Zip Code
Registrant's telephone number, including area code: 303-934-2424
Former name, former address and former fiscal year, if changed since
last report: NA
Check whether the Registrant (1) has filed an annual, quarterly and
other reports required to be filed by Section 13 of 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
APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.
3,119,921 common shares were outstanding as of October 16, 1996.<PAGE>
<PAGE>
WESTERN COUNTRY CLUBS, INC. AND SUBSIDIARIES
INDEX
Page No.
PART I. FINANCIAL INFORMATION
Unaudited Consolidated Balance Sheet - September
30, 1996 2 and 3
Unaudited Consolidated Statement of operations - For
the Nine Months Ended September 30, 1996 and 1995 4
Unaudited Consolidated Statement of Operations - For
the Three Months Ended September 30, 1996 and 1995 5
Unaudited Consolidated Statement of Stockholders'
Equity - For the Nine Months Ended September 30,
1996 6
Unaudited Consolidated Statement of Cash Flows -
For the Nine Months Ended September 30, 1996 and
1995 7
Notes to Unaudited Consolidated Financial Statements 8
Management's Discussion and Analysis of Financial
Condition and Results of Operations 11
PART II. OTHER INFORMATION 14
<PAGE>
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.
Western Country Clubs, Inc.
(Registrant)
By______________________________
James E. Blacketer, President
October 23, 1996
<PAGE>
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.
Western Country Clubs, Inc.
(Registrant)
By /s/ James E. Blacketer
James E. Blacketer, President
October 23, 1996
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM FORM 10-QSB FOR THE PERIOD ENDED SEPTEMBER 30, 1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-QSB
</LEGEND>
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> SEP-30-1996
<CASH> 186,509
<SECURITIES> 0
<RECEIVABLES> 204,771
<ALLOWANCES> 0
<INVENTORY> 84,599
<CURRENT-ASSETS> 852,699
<PP&E> 4,567,231
<DEPRECIATION> 1,037,694
<TOTAL-ASSETS> 5,628,923
<CURRENT-LIABILITIES> 942,438
<BONDS> 0
0
0
<COMMON> 31,199
<OTHER-SE> 3,940,474
<TOTAL-LIABILITY-AND-EQUITY> 5,628,923
<SALES> 0
<TOTAL-REVENUES> 5,511,470
<CGS> 0
<TOTAL-COSTS> 1,623,473
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 109,425
<INCOME-PRETAX> (77,495)
<INCOME-TAX> (26,481)
<INCOME-CONTINUING> (67,542)
<DISCONTINUED> 0
<EXTRAORDINARY> 67,587
<CHANGES> 0
<NET-INCOME> 45
<EPS-PRIMARY> (.00)
<EPS-DILUTED> (.00)
</TABLE>
