8-K

        AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JULY 16, 1997

                          SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C.  20549

                                       FORM 8-K

                                    CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15 (d) OF THE
                           SECURITIES EXCHANGE ACT OF 1934

                  Date of Report (Date of earliest event reported):
                                     JULY 9, 1997



                                    PC QUOTE, INC.
                  (Exact Name of Registrant as Specified in Charter)



    DELAWARE                       0-13093                     36-3131704
(State or Other               (Commission File             (I.R.S. Employer
Jurisdiction of                    Number)                   Identification
 Incorporation)                                                 Number)

             300 South Wacker Drive, Suite 300, Chicago, Illinois, 60606
                 (Address of Principal Executive Offices) (Zip Code)

                       Registrant's telephone number, including
                              area code:  (312) 913-2800

ITEM 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

(a)  Previous independent accountants

(i)  On July 9, 1997, McGladrey & Pullen, LLP declined to stand for re-election
     as the independent accountants for PC Quote, Inc. (the "Registrant").

(ii) The reports of McGladrey & Pullen, LLP on the financial statements for 
     the past two fiscal years contained no adverse opinions or disclaimer of 
     opinion and were not qualified or modified as to uncertainty, audit 
     scope or accounting principle, except for a going concern phrase that 
     was included in the report relating to the Registrant's audited 
     financial statements for the year ended December 31, 1996 as follows:  
     "The accompanying financial statements have been prepared assuming that 
     PC Quote, Inc. will continue as a going concern.  As more fully 
     described in Note 14, the Company has experienced significant operating 
     losses, which adversely affected the Company's current results of 
     operations and liquidity.  These conditions raise substantial doubt 
     about the Company's ability to continue as a going



     concern.  Management's plans in regard to these matters are also 
     described in Note 14.  The financial statements do not include any 
     adjustments that might result from the outcome of this uncertainty."

(iii)Not Applicable.

(iv) In connection with its audits for the two most recent fiscal years and 
     through July 9, 1997, there have been no disagreements with McGladrey & 
     Pullen, LLP on any matter of accounting principles or practices, 
     financial statement disclosure, or auditing scope or procedure, which 
     disagreements if not resolved to the satisfaction of McGladrey & Pullen,
     LLP would have caused them to make reference thereto in their report on 
     the financial statements for such years.

(v)  The Registrant has requested that McGladrey & Pullen, LLP furnish it with
     a letter addressed to the SEC stating whether or not it agrees with the 
     above statements.  A copy of such letter, dated July 16, 1997, is filed 
     as Exhibit 16.1 to this Form 8-K.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

         (a)  Not applicable.

         (b)  Not applicable.


         (c)  The following exhibits are filed with this report:

Exhibit Number               Description

     16.1                    Letter from McGladrey & Pullen, LLP dated July 16,
                             1997.

                                  SIGNATURES

     In accordance with 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, hereunto duly authorized.

Dated:  July 16, 1997             PC QUOTE, INC.
                                  By:  /s/ John E. Juska
                                       Chief Financial Officer

                                  EXHIBIT INDEX

Exhibit Number                    Description

16.1                              Letter form McGladrey & Pullen, LLP dated
                                  July 16, 1997

EX-16.1

                                     [LETTERHEAD]





Securities and Exchange Commission
Washington D.C. 20549


We were previously the independent accountants for PC Quote, Inc., and on 
March 7, 1997, we reported on the financial statements of PC Quote, Inc. as 
of and for the two years ended December 31, 1996.  On July 9, 1997, we 
declined to stand for reelection as independent accountants of PC Quote, Inc.

We have read PC Quote, Inc.'s statements included under Item 4 of its Form 8-K
dated July 16, 1997, and we agree with such statements.



                                            /s/McGladrey & Pullen, LLP


                                            MCGLADREY & PULLEN, LLP



July 16, 1997
Schaumburg, Illinois