SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                          ____________________________
                                   FORM 10-Q/A
                                 Amendment No. 1

(Mark One)
  [X]   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
        EXCHANGE ACT OF 1934

For the quarterly period ended December 31, 1997

                                       OR

  [ ]   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: 0-10909

                           CORNICHE GROUP INCORPORATED
             (Exact name of registrant as specified in its charter)

            Delaware                                        22-2343568
    (State or other jurisdiction of                      (I.R.S. employer
     incorporation or organization)                      identification No.)

      272 Rte 206, Bldg # B1.1                                07836
           Flanders, NJ 07836                              (Zip code)
 (Address of principal executive offices)

Registrant's telephone number, including area code 973-927-7155

                                 Not Applicable
 (Former name, former address and former fiscal year, if changed since last 
  report)

     Indicate by check X whether  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 registrant was required
to file such reports),  and (2) has been subject to such filing requirements for
the past 90 days. Yes [X] No [ ]

             6,105,231 shares, $.10 par value as of February 1, 1998
   (Indicate the number of shares outstanding of each of the issuer's classes
               of common stock, as of the latest practicable date)
                             _______________________





                                     PART II

                                OTHER INFORMATION


Item 6.       Exhibits and Reports on Form 8-K.

              (a) Exhibits filed herewith:

                         None

              (b) Forms 8-K filed during quarter:

                  A Form 8-K was filed on December 11, 1997, to disclose, under 
                  Item 5 of Form 8-K, the change of the Registrant's address.

                                   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.

                                          CORNICHE GROUP INCORPORATED
                                          (Registrant)


                                          By  /s/ James J. Fyfe
                                              ----------------------------------
                                              JAMES J. FYFE, Vice President and
                                              Principal Financial Officer

Date:  February 19, 1998