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):   March 3, 1999 
  
                             Aqua Alliance Inc. 
    --------------------------------------------------------------------------
            (Exact Name of Registrant as Specified in Charter) 
  
           Delaware            033-017921                 13-3418759 
   ---------------------------------------------------------------------------
      (State or Other         (Commission               (IRS Employer 
       Jurisdiction           File Number)           Identification No.) 
     of Incorporation
  
 30 Harvard Mill Square, Wakefield, Massachusetts            01880
 -----------------------------------------------------------------------------
 (Address of Principal Executive Offices)                  (Zip Code) 
  
  
 Registrant's telephone number, including area code:  (781) 246-5200 
  
  
                                   No change
  ----------------------------------------------------------------------------
        (Former Name or Former Address, if Changed Since Last Report)


 ITEM 5.    OTHER EVENTS 
  
      On March 3, 1999, Aqua Alliance Inc. (the "Company")  (AMEX: AAI)
 announced that the Company and Compagnie Generale des Eaux-Sahide, a
 subsidiary of Vivendi, the Company's largest stockholder, were awarded a
 substantial increase in the size and scope of their ongoing contract with
 the Puerto Rico Aqueduct & Sewer Authority ("PRASA"). On March 3, 1999, the
 Company issued a press release concerning the increase in size and scope of
 the PRASA contract. 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 March 3, 1999. 
  
  
  
  

      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:   March 5, 1999 



                                  EXHIBIT INDEX
  
  
  EXHIBIT NO.               DESCRIPTION                            PAGE NO.
  -----------               -----------                            -------

     99.1       Press release of the Company dated                     5
                March 3, 1999.
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 3157}]
{"company-data": {"conformed-name": "AQUA ALLIANCE INC", "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": "99557656"}, "business-address": {"street1": "30 HARVARD MILL SQUARE", "city": "WAKEFIELD", "state": "MA", "zip": "01880", "phone": "7812465200"}, "mail-address": {"street1": "30 HARVARD MILL SQUARE", "city": "WAKEFIELD", "state": "MA", "zip": "01880"}, "former-company": [{"former-conformed-name": "AIR & WATER TECHNOLOGIES CORP", "date-changed": "19920703"}, {"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):   March 3, 1999 
  
                             Aqua Alliance Inc. 
    --------------------------------------------------------------------------
            (Exact Name of Registrant as Specified in Charter) 
  
           Delaware            033-017921                 13-3418759 
   ---------------------------------------------------------------------------
      (State or Other         (Commission               (IRS Employer 
       Jurisdiction           File Number)           Identification No.) 
     of Incorporation
  
 30 Harvard Mill Square, Wakefield, Massachusetts            01880
 -----------------------------------------------------------------------------
 (Address of Principal Executive Offices)                  (Zip Code) 
  
  
 Registrant's telephone number, including area code:  (781) 246-5200 
  
  
                                   No change
  ----------------------------------------------------------------------------
        (Former Name or Former Address, if Changed Since Last Report)

 ITEM 5.    OTHER EVENTS 
  
      On March 3, 1999, Aqua Alliance Inc. (the "Company")  (AMEX: AAI)
 announced that the Company and Compagnie Generale des Eaux-Sahide, a
 subsidiary of Vivendi, the Company's largest stockholder, were awarded a
 substantial increase in the size and scope of their ongoing contract with
 the Puerto Rico Aqueduct & Sewer Authority ("PRASA"). On March 3, 1999, the
 Company issued a press release concerning the increase in size and scope of
 the PRASA contract. 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 March 3, 1999. 
  
  
  
  

      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:   March 5, 1999 

                                  EXHIBIT INDEX
  
  
  EXHIBIT NO.               DESCRIPTION                            PAGE NO.
  -----------               -----------                            -------

     99.1       Press release of the Company dated                     5
                March 3, 1999.