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):   October 13, 1998 
  
  
                               Aqua Alliance Inc.
    ---------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Charter) 

  

              Delaware               033-017921          13-3418759
    ---------------------------------------------------------------------
    (State or Other Jurisdiction    (Commission         (IRS Employer 
         of Incorporation)          File Number)     Identification No.) 
  
  

    30 Harvard Mill Square, Wakefield, Massachusetts            01880
    ---------------------------------------------------------------------
      (Address of Principal Executive Offices)                (Zip Code) 
  
  
    Registrant's telephone number, including area code:  (781) 246-5200 
  
  
                     Air & Water Technologies Corporation 
    ---------------------------------------------------------------------
        (Former Name or Former Address, if Changed Since Last Report)




 ITEM 5.   OTHER EVENTS 
  
           On October 13, 1998, Air & Water Technologies Corporation (the
 "Company") announced that, effective as of October 13, 1998, Aqua Alliance
 Inc. is the new name for the Company which has been newly restructured and
 will be headquartered in Wakefield, Massachusetts. On October 13, 1998, the
 Company issued a press release announcing the new name and the
 restructuring. A copy of the press release is attached hereto as Exhibit
 99.1 and is incorporated by reference herein.   
  
  
 ITEM 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
           EXHIBITS 
  
           (c)  Exhibits 
  
                99.1 - Press release of the Company dated October 13, 1998.



      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 hereunto duly authorized. 
  
  
                                        AQUA ALLIANCE INC. 
  
  
                                        By: /s/ Alain Brunais
                                           --------------------------------
                                           Name:  Alain Brunais 
                                           Title: Senior Vice President and
                                                    Chief Financial Officer
  
  
 Date:   October 14, 1998 



                               EXHIBIT INDEX 
  
  
 EXHIBIT NO.                DESCRIPTION                         PAGE NO.
 -----------                -----------                         --------
   99.1          Press release of the Company dated                 5 
                    October 13, 1998.
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 3121}]
{"company-data": {"conformed-name": "AIR & WATER TECHNOLOGIES CORP", "cik": "0000823556", "assigned-sic": "8711", "irs-number": "133418759", "state-of-incorporation": "DE", "fiscal-year-end": "1031"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-10298", "film-number": "98725367"}, "business-address": {"street1": "U S HGWY 22 WEST & STATION RD", "city": "BRANCHBURG", "state": "NJ", "zip": "08876", "phone": "2016854000"}, "mail-address": {"street1": "P O BOX 1500", "city": "SOMERVILLE", "state": "NJ", "zip": "08876"}, "former-company": {"former-conformed-name": "RC HOLDING INC", "date-changed": "19890627"}}
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):   October 13, 1998 
  
  
                               Aqua Alliance Inc.
    ---------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Charter) 

  

              Delaware               033-017921          13-3418759
    ---------------------------------------------------------------------
    (State or Other Jurisdiction    (Commission         (IRS Employer 
         of Incorporation)          File Number)     Identification No.) 
  
  

    30 Harvard Mill Square, Wakefield, Massachusetts            01880
    ---------------------------------------------------------------------
      (Address of Principal Executive Offices)                (Zip Code) 
  
  
    Registrant's telephone number, including area code:  (781) 246-5200 
  
  
                     Air & Water Technologies Corporation 
    ---------------------------------------------------------------------
        (Former Name or Former Address, if Changed Since Last Report)

 ITEM 5.   OTHER EVENTS 
  
           On October 13, 1998, Air & Water Technologies Corporation (the
 "Company") announced that, effective as of October 13, 1998, Aqua Alliance
 Inc. is the new name for the Company which has been newly restructured and
 will be headquartered in Wakefield, Massachusetts. On October 13, 1998, the
 Company issued a press release announcing the new name and the
 restructuring. A copy of the press release is attached hereto as Exhibit
 99.1 and is incorporated by reference herein.   
  
  
 ITEM 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
           EXHIBITS 
  
           (c)  Exhibits 
  
                99.1 - Press release of the Company dated October 13, 1998.

      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 hereunto duly authorized. 
  
  
                                        AQUA ALLIANCE INC. 
  
  
                                        By: /s/ Alain Brunais
                                           --------------------------------
                                           Name:  Alain Brunais 
                                           Title: Senior Vice President and
                                                    Chief Financial Officer
  
  
 Date:   October 14, 1998 

                               EXHIBIT INDEX 
  
  
 EXHIBIT NO.                DESCRIPTION                         PAGE NO.
 -----------                -----------                         --------
   99.1          Press release of the Company dated                 5 
                    October 13, 1998.