10QSB/A

                     U.S. Securities and Exchange Commission
                              Washington D.C. 20549

                               Amendment No. 1 to
                                   Form 10-QSB

              [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended March 31, 1996

             [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
                                  EXCHANGE ACT

                        Commission File Number 33-70334-A


                    INTERNATIONAL ASSETS HOLDING CORPORATION
        (Exact name of small business issuer as specified in its charter)



          Delaware                                         59-2921318
- - ------------------------------------------------------------------------------ 
 (State or other jurisdiction of              (IRS Employer Identification No)
 incorporation or organization)

                        250 Park Avenue South, Suite 200
                              Winter Park, FL 32789
                    (Address of principal executive offices)

                                 (407) 629-1400
                           (Issuer's telephone number)

                                       NA
- - --------------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report)


Check  whether  the issuer (1) filed all  reports  required  to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 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 [ ].

The number of shares outstanding of Common Stock was 1,459,187 as of 
April 30, 1996.

Transitional small business disclosure format   Yes [ ]   No [X]




                                      INDEX



                                                                        Page No.
Part II.     OTHER INFORMATION

             Signatures                                                        3

             Exhibit
                 Broker-Dealers and Broker-Dealer Holding Companies
                   Financial Data Schedule BD, EX-27,                          4





                                   Signatures



In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.


                                     INTERNATIONAL ASSETS HOLDING CORPORATION


Date 05/15/96                       /s/ Jerome F. Miceli   
                                    Jerome F. Miceli
                                    President and Chief Operating Officer


Date 05/15/96                       /s/ Jonathan C. Hinz
                                    Jonathan C. Hinz
                                    Chief Accounting Officer

EX-27

 

<ARTICLE>         BD  
<MULTIPLIER>      1        
       
                                                                 
<PERIOD-TYPE>               6-Mos
<FISCAL-YEAR-END>                                                    SEP-30-1996
<PERIOD-END>                                                         MAR-31-1996
<CASH>                                                                 1,059,676
<RECEIVABLES>                                                            518,296
<SECURITIES-RESALE>                                                            0
<SECURITIES-BORROWED>                                                          0
<INSTRUMENTS-OWNED>                                                    4,712,027
<PP&E>                                                                   334,005
<TOTAL-ASSETS>                                                         6,828,263
<SHORT-TERM>                                                                   0
<PAYABLES>                                                               749,487
<REPOS-SOLD>                                                                   0
<SECURITIES-LOANED>                                                            0
<INSTRUMENTS-SOLD>                                                       895,973
<LONG-TERM>                                                                    0
<PREFERRED-MANDATORY>                                                          0
<PREFERRED>                                                                    0
<COMMON>                                                                  14,597
<OTHER-SE>                                                             4,979,883
<TOTAL-LIABILITY-AND-EQUITY>                                           6,828,263
<TRADING-REVENUE>                                                      1,235,565
<INTEREST-DIVIDENDS>                                                     125,219
<COMMISSIONS>                                                          4,485,601
<INVESTMENT-BANKING-REVENUES>                                                  0
<FEE-REVENUE>                                                             68,508
<INTEREST-EXPENSE>                                                         4,440
<COMPENSATION>                                                         3,208,566
<INCOME-PRETAX>                                                          745,193
<INCOME-PRE-EXTRAORDINARY>                                               745,193
<EXTRAORDINARY>                                                                0
<CHANGES>                                                                      0
<NET-INCOME>                                                             441,686
<EPS-PRIMARY>                                                               .241
<EPS-DILUTED>                                                               .241