SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13G
(RULE 13d - 102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO
13d-2(b)

(Amendment No. 1)*

Questron Technology, Inc.
(Name of Issuer)

Common Stock, $.001 par value
(Title of Class of Securities)

748372208
(CUSIP Number)

Harold I. Steinbach, Esq.
Kleinberg, Kaplan, Wolff & Cohen, P.C., 551 Fifth Avenue, New
York, New York  10176, Tel: (212) 986-6000
Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

December 31, 1998
(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:

[ ]  Rule 13d-1(b)
[x]  Rule 13d-1(c)
[ ]  Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent
amendment containing information which would alter disclosures
provided in a prior cover page.

The information required on the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section
18 of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however,
see the Notes).


1.   NAMES OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES
     ONLY)

          Mr. Jay R. Petschek

2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

     (a)  [x]
     (b)  [ ]

3.   SEC USE ONLY

4.   CITIZENSHIP OR PLACE OF ORGANIZATION

          United States

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:

5.   SOLE VOTING POWER

          198,397

6.   SHARED VOTING POWER

          54,282

7.   SOLE DISPOSITIVE POWER

          198,397

8.   SHARED DISPOSITIVE POWER

          54,282

9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
     PERSON

          252,679

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
     EXCLUDES CERTAIN SHARES* [ ]

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

          5.29%

12.  TYPE OF REPORTING PERSON*

          IN

*SEE INSTRUCTIONS BEFORE FILLING OUT!
1.   NAMES OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES
     ONLY)

          Corsair Management Company, Inc.

2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

     (a)  [x]
     (b)  [ ]

3.   SEC USE ONLY

4.   CITIZENSHIP OR PLACE OF ORGANIZATION

          New York

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:

5.   SOLE VOTING POWER

          0

6.   SHARED VOTING POWER

          54,282

7.   SOLE DISPOSITIVE POWER

          0

8.   SHARED DISPOSITIVE POWER

          54,282

9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
     PERSON

          54,282

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
     EXCLUDES CERTAIN SHARES* [ ]

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

          1.14%

12.  TYPE OF REPORTING PERSON*

          CO

*SEE INSTRUCTIONS BEFORE FILLING OUT!
1.   NAMES OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES
     ONLY)

          Corsair Managing Partners

2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

     (a)  [x]
     (b)  [ ]

3.   SEC USE ONLY

4.   CITIZENSHIP OR PLACE OF ORGANIZATION

          New York

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH

5.   SOLE VOTING POWER

          0

6.   SHARED VOTING POWER

          54,282

7.   SOLE DISPOSITIVE POWER

          0

8.   SHARED DISPOSITIVE POWER

          54,282

9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
     PERSON

          54,282

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
     EXCLUDES CERTAIN SHARES* [ ]

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

          1.14%

12.  TYPE OF REPORTING PERSON*

          PN

*SEE INSTRUCTIONS BEFORE FILLING OUT!
     This statement is filed pursuant
 to Rule 13d-2(b) with respect to the shares of common stock, $.001 par
 value (the "Common Stock") of Questron Technology, Inc. (the "Issuer")
beneficially owned by the Reporting Persons specified herein
as of January 1, 1999 and amends and supplements the Schedule
13G dated July 16, 1998 (the "Schedule 13G").  Except as set
forth herein, the Schedule 13G is unmodified.

Item 4.   Ownership.

     Provide the following information regarding the aggregate
number and percentage of the class of securities of the issuer
identified in Item 1.

     (a)  Amount beneficially owned:

          (1) Mr. Petschek has beneficial ownership of
          252,679 shares of Common Stock by virtue of his
          position as (i) the sole general partner of Corsair
          Partners, which holds 164,597 shares of Common
          Stock and warrants exercisable for 33,800 shares of
          Common Stock, for which Mr. Petschek has sole
          voting power and sole dispositive power, and (ii)
          the sole shareholder of Corsair Management which is
          a general partner of Corsair Managing Partners
          ("CMP") (with CMP as sole general partner of
          Corsair Partners II), with Corsair Partners II
          holding 45,582 shares of Common Stock and warrants
          exercisable for 8,700 shares of Common Stock, over
          which Mr. Petschek may be deemed to have shared
          voting power and shared dispositive power with CMP
          and Corsair Management.

          (2) Corsair Management has beneficial ownership of
          54,282 shares of Common Stock by virtue of its
          position as a general partner of CMP (which is the
          sole general partner of Corsair Partners II), with
          Corsair Partners II holding 45,582 shares of Common
          Stock and warrants exercisable for 8,700 shares of
          Common Stock, over which Corsair Management may be
          deemed to have shared  voting power and shared
          dispositive power with Mr. Petschek and CMP.

          (3) CMP has beneficial ownership of 54,282 shares
          of Common Stock by virtue of its position as the
          sole general partner of Corsair Partners II, with
          Corsair Partners II holding 45,582 shares of Common
          Stock and warrants exercisable for 8,700 shares of
          Common Stock, over which CMP may be deemed to have
          shared voting power and shared dispositive power
          with Mr. Petschek and Corsair Management.
          Mr. Petschek, Corsair Management and CMP expressly
          disclaim beneficial ownership of any shares of
          Common Stock not directly held for the accounts of
          Corsair Partners or Corsair Partners II.

     (b)  Percent of class:

          Mr. Petschek's beneficial ownership of 252,679
          shares of Common Stock constitutes 5.29% of all of
          the outstanding shares of Common Stock.  Corsair
          Management and CMP's shared beneficial ownership of
          54,282 shares of Common Stock constitutes 1.14% of
          all of the outstanding shares of Common Stock. 
          Together, Mr. Petschek, Corsair Management and CMP
          beneficially own 5.29% of all of the outstanding
          shares of Common Stock.

          The percentages used herein are calculated based upon
     the 4,736,935 shares of Common Stock stated to be issued
     and outstanding as of November 6, 1998 in the Issuer's
     Quarterly Report on Form 10-QSB for the quarter period
     ended September 30, 1998.

Item 10.  Certification.

     By signing below the undersigned certifies that, to the
best of his or its knowledge and belief, the securities referred
to above were not acquired and are not held for the purpose of
or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having
that purpose or effect.
SIGNATURES

     After reasonable inquiry and to the best of his or its
knowledge and belief, each of the undersigned certifies that the
information with respect to him or it set forth in this
statement is true, complete, and correct.


Dated: February 12, 1999


                    /s/ Jay R. Petschek
                     Jay R. Petschek


                    CORSAIR MANAGEMENT COMPANY, INC.


                    By: /s/ Jay R. Petschek
                         Jay R. Petschek
                         President


                    CORSAIR MANAGING PARTNERS

                    By:  Corsair Management Company,
                         Inc., a general partner


                         By: /s/ Jay R. Petschek
                              Jay R. Petschek
                              President