UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10QSB


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


         FOR THE PERIOD ENDED:  June 30, 2001

         COMMISSION FILE NUMBER: 000-30230

                       INTERACTIVE MULTIMEDIA NETWORK, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

          DELAWARE                                            65-0488983
-------------------------------                            ---------------
(State or other jurisdiction of                           (IRS Employer
incorporation or organization)                             Identification No.)

                 3163 KENNEDY BOULEVARD, JERSEY CITY, NEW JERSEY 07306
          ------------------------------------------------------------
          (Address, including zip code, of principal executive offices)

                                 (201) 217-4137
               ---------------------------------------------------
              (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant  (1) has filed all  documents and
reports required to be filed by Sections 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filings for the past 90 days.

YES  X     NO

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

As of October 9, 2001 the number of the Company's shares of par value $.001
common stock outstanding was 8,315,964



















<PAGE>  1
                         INTERACTIVE MULTIMEDIA NETWORK, INC.
                                   FORM 10-QSB

                                  JUNE 30, 2001

                                      INDEX


Part I - FINANCIAL INFORMATION

Item 1 - Financial Statements

Balance Sheet.........................................................3

Statements of Operation...............................................4

Statements of Cash Flow...............................................5

Notes to Financial Statements.........................................6


Item 2 - Management's Discussion and Analysis of Financial
         Condition and Results of Operations..........................9

PART II - OTHER INFORMATION..........................................11


SIGNATURES...........................................................11







































<PAGE>  2
                         INTERACTIVE MULTIMEDIA NETWORK, INC.
                                   FORM 10-QSB
                                  JUNE 30, 2001


Part I - FINANCIAL INFORMATION

Item 1 - Financial Statements


INTERACTIVE MULTIMEDIA NETWORKS, INC.
CONSOLIDATED BALANCE SHEET
June 30, 2001
(Unaudited)

ASSETS
------

Current  Assets
     Cash  and  cash  equivalents                          $       54,559
     Inventory                                                     98,571
     Other  Current  Assets                                           240
                                                           ---------------
       Total  current  assets                                     153,371

Property  and  equipment,  net                                     73,931
Other  assets                                                      15,192
                                                           ---------------

       TOTAL  ASSETS                                              242,494
                                                           ===============

LIABILITIES  AND  SHAREHOLDER'S  EQUITY
----------------------------------------

Current  Liabilities
     Accounts  payable                                            167,408
     Other  current  liabilities                                  132,770
                                                           ---------------
       Total  current  liabilities                                300,178

     Other  Liabilities  (principally  related  parties)           65,235

Shareholder's  Equity
     Preferred Stock, $.001 par value; authorized 5,000,000
       shares: issued and outstanding none in 2001                     -
     Common  Stock,  $.001  par  value;  authorized
       25,000,000 shares; issued and outstanding 8,315,964          8,316

     Paid  in  Capital                                          2,190,943
     Common Stock options; 2,000,000 issued and
       outstanding                                                330,000
     Accumulated  deficit                                      (2,652,177)
                                                           ---------------
       Total  Shareholder's  Equity/(Deficit)                    (122,919)
                                                           ---------------
        TOTAL  LIABILITIES  AND  SHAREHOLDER'S EQUITY      $      242,494
                                                           ===============





Read the accompanying significant accounting notes to financial statements,
which are an integral part of this statement.


<PAGE>  3
INTERACTIVE MULTIMEDIA NETWORKS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED JUNE 30, 2001 and 2000
(Unaudited)

                                                     Three  months  ended
                                              ---------------------------------
                                              June  30,  2001   June  30,  2000
                                              ---------------   ---------------
                                                (Unaudited)        (Unaudited)

Revenue                                       $      867,429    $      331,878

Cost  of  Revenue                                    726,252           211,843
                                              ---------------   ---------------
Gross  Profit                                        141,177           120,035

Operating  expenses:
  Marketing                                           7,063             13,949
  Rent                                               16,355             34,270
  Payroll  and  related  benefits                     6,230             28,153
  Selling, general and administrative expenses       95,363             92,084
                                              ---------------   ---------------
          Total  operating  expenses                125,010            168,456

Loss  before  other  income  (expense)               16,167            (48,421)

Other  income  (expense):
  Interest  expense                                  (1,279)              (320)
                                              ---------------   ---------------
           Total  other  income  (expense)           (1,279)              (320)
                                              ---------------   ---------------

Net  Profit/(Loss)                           $       14,888    $       (48,741)
                                              ===============   ===============

Basic weighted average common shares
  Outstanding                                      8,315,964         6,615,464
                                              ===============   ===============

Basic  Loss  per  common  share               $        0.002    $       (0.007)
                                              ===============   ===============

















Read the accompanying significant accounting notes to financial statements,
which are an integral part of this statement.


<PAGE>  4
INTERACTIVE MULTIMEDIA NETWORKS, INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE THREE MONTHS ENDED JUNE 30, 2001 and 2000
(Unaudited)

                                                     Three  months  ended
                                              ---------------------------------
                                              June  30,  2001   June  30,  2000
                                              ---------------   ---------------
                                                (Unaudited)        (Unaudited)

CASH  FLOWS  FROM  OPERATING  ACTIVITIES:
  Net Income (Loss)                           $       14,888   $       (48,741)
  Adjustments to reconcile net income
    (loss)  to  net  cash used in
    operating  activities:
      Depreciation  and  amortization                 18,162            15,480
      Accrued interest - Shareholders loan             1,279               -
      Office rent applied to paid in capital             300               300
  Changes in Operating assets and
    liabilities:
      Inventory                                       50,000             2,270
      Other  Current  Assets                             -               6,000
      Other  Assets                                      -                 207
      Accounts Payable and Accrued
        Liabilities                                  (30,188)           74,015
                                              ---------------   ---------------
Net cash provided by/(used in) operating
  Activities                                          54,442            49,531

CASH  FLOWS  FROM  INVESTING  ACTIVITIES:

Purchase  of  Property  and  equipment                   -              (4,600)
                                              ---------------   ---------------
Net cash provided by/(used in) investing
  Activities                                             -              (4,600)

CASH  FLOWS  FROM  FINANCING  ACTIVITIES:

Net cash provided by/(used in) financing
  Activities                                             -                 -
                                              ---------------   ---------------

Net increase (decrease) in cash and
  cash  equivalents                                   54,442            44,931
Cash and cash equivalents, beginning
  of  period                                             118            10,958
                                              ---------------   ---------------

Cash and cash equivalents, end of period      $       54,559    $       55,888
                                              ===============   ===============








Read the accompanying significant accounting notes to financial statements,
which are an integral part of this statement.


<PAGE>  5
INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS
(UNAUDITED)
JUNE  30,  2001

NOTE  1  -  BASIS  OF  PRESENTATION

     The accompanying unaudited consolidated financial statements of Interactive
Multimedia  Network,  Inc., have  been  prepared  in  accordance  with generally
accepted  accounting  principles  for interim financial information and with the
instructions  to  Form  10-QSB  and Article 10 of Regulation S-X.  The financial
statements  reflect  all  adjustments consisting of normal recurring adjustments
which,  in  the  opinion of management, are necessary for a fair presentation of
the  results for the periods shown.  Accordingly, they do not include all of the
information  and  footnotes required by generally accepted accounting principles
for  complete  financial  statements.

     These  financial  statements should be read in conjunction with the audited
financial  statements  and  footnotes thereto included in Interactive Multimedia
Network  Inc.'s Annual Report Form 10-KSB as filed with the Securities and
Exchange  Commission.

     The  preparation  of  financial  statements  in  conformity  with generally
accepted  accounting  principles  requires  management  to  make  estimates  and
assumptions  that  affect  the  reported  amounts  of assets and liabilities and
disclosure  of  contingent  assets  and liabilities at the date of the financial
statements  and that effect the reported amounts of revenues and expenses during
the  reporting  period.  Actual  results  could  differ  from  those  estimates.

NOTE  2  -  REVENUE  RECOGNITION

     Revenues  are  principally  from  services  and  commissions from providing
marketing  plans,  services related to the Internet marketing arena and sales or
commissions  from  the sale or lease of vehicles from dealers who have agreed to
provide these vehicles to the Company and its customer.  Revenues from marketing
and  Internet  related  activity are recognized when the services are completed.
Revenues  from  the sale or lease of vehicles are recognized when the vehicle is
delivered  to  the  customer.

     In  December  1999,  the  Securities and Exchange Commission ("SEC") issued
Staff  Accounting  Bulletin  No.  101  ("SAB 101"), "Revenue Recognition," which
provides  guidance on the recognition, presentation and disclosure of revenue in
financial  statements  filed  with the SEC.  SAB 101 outlines the basic criteria
that  must  be  met  to  recognize  revenue and provide guidance for disclosures
related  to  revenue recognition policies.  Management believes that Interactive
Multimedia  Network, Inc.'s revenue recognition practices are in conformity with
the  guidelines  of  SAB  101.

NOTE  3  -  NET  EARNINGS/(LOSS)  PER  SHARE

     Earnings  (Loss)  per  common  share are calculated under the provisions of
SFAS  No.  128,  "Earnings per Share," which establishes standards for computing
and  presenting earnings per share.  SFAS No. 128 requires the Company to report
both  basic  earnings  (loss)  per share, which is based on the weighted-average
number  of  common  shares  outstanding  during the period, and diluted earnings
(loss) per share, which is based on the weighted-average number of common shares
outstanding  plus all potential dilutive common shares outstanding.  Options and
warrants  are  not  considered  in calculating diluted earnings (loss) per share
since  considering  such  items  would  have  an  anti-dilutive  effect.



<PAGE>  6
INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS
(UNAUDITED)
JUNE  30,  2001

NOTE  4  -  GOING  CONCERN

     The  accompanying  financial  statements  have  been  prepared assuming the
Company  will continue as a going concern.  The Company reported a net profit of
$14,888  (unaudited)  for  the  three  months  ended  June 30, 2001.  Additional
capital and/or borrowings will be necessary in order for the Company to continue
in  existence  until  attaining and sustaining profitable operations. Management
anticipates  that  an  additional  investment of several million dollars will be
needed  to  develop  an  effective  sales  and  marketing  program   before  the
organization  will generate sufficient cash flow from operations to meet current
operating  expenses  and  overhead.   Management  has  continued  to  develop  a
strategic  plan  to develop a management team, maintain reporting compliance and
seek  new  expansive  areas  in  marketing   through  multiple  media  channels.
Management  intends to seek new capital from new equity security issuance's that
will provide funds needed to increase liquidity, fund internal growth, and fully
implement  its  business  plan.

NOTE  5  -  BUSINESS  SEGMENT  INFORMATION

    The  Company's  segment  information  has  been  prepared in accordance with
Financial  Accounting  Standards  Board (FASB) Statement of Financial Accounting
Standards  (SFAS)  No.  131,  "Disclosures  about  Segments of an Enterprise and
Related  Information."  Segments  were determined based on products and services
provided  by  each segment.  Accounting policies of the segments are the same as
those  described in the summary of significant accounting policies.  Performance
of  the  segments is evaluated on operating income (loss) before taxes, interest
income  or  expense  and  other  income  or  (loss).  The Company has elected to
organize  it   businesses  based   principally  upon   products  and   services.
Interactive Multimedia Network,  Inc.,  has two reportable segments:  Marketing,
including  services  related  to  the  Internet  marketing  arena  and  sales or
commissions  from  the  sale  or  lease  of  vehicles.

<table>
                               For three months ended June 30, 2001 (unaudited)
                               ----------------------------------------------------------
                               Marketing
                               and Internet
                               related        Vehicle        Corporate      Consolidated
                               Services       Sales/Lease    and Other      Total
                               -------------  -------------  -------------  -------------

                            <c>            <c>            <c>            <c>

Net sales to external customers $     20,000  $     847,429  $         -    $    867,429
Intersegment  revenues                   -              -              -             -
Segment operating profit (loss)       15,500         22,516        (23,128)       14,888
Segment  assets                 $     94,222  $     148,272  $         -    $    242,494
</table>










<PAGE>  7
INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS
(UNAUDITED)
JUNE  30,  2001

NOTE  5  -  BUSINESS  SEGMENT  INFORMATION (CONTINUED)

<table>
                               For three months ended June 30, 2000 (unaudited)
                               ----------------------------------------------------------
                               Marketing
                               and Internet
                               related        Vehicle        Corporate      Consolidated
                               Services       Sales/Lease    and Other      Total
                               -------------  -------------  -------------  -------------

                            <c>            <c>            <c>            <c>

Net sales to external customers $     67,500  $     264,378  $         -    $    331,878
Intersegment  revenues                   -              -              -             -
Segment operating profit (loss)       36,258        (46,318)       (38,681)      (48,741)
Segment assets                  $     75,479  $     178,754  $      11,215  $    265,448
</table>

     There  were  no  differences  from  the  last annual report in the basis of
segmentation  or  in  the  basis  of  measurement  of  segment profit or (loss).





































<PAGE>  8
                         INTERACTIVE MULTIMEDIA NETWORK, INC.
                                   FORM 10-QSB

                                  JUNE 30, 2001

ITEM  2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL  CONDITION
          AND  RESULTS  OF  OPERATIONS.

GENERAL

The  discussion  and analysis set forth below should be read in conjunction with
our  Financial  Statements  and the related Notes thereto appearing elsewhere in
this quarterly report. The information presented for the three months ended June
30, 2001 and 2000 was derived from unaudited financial statements, which, in our
opinion,  reflect  all  adjustments  (consisting  only  of  normal  recurring
adjustments)  necessary  for  a  fair  presentation.

Forward Looking-Statements.     When used in this  report,  press  releases  and
elsewhere  by  the  management  of  the  Company  from  time  to time, the words
"believes", "anticipates", and "expects" and similar expressions are intended to
identify   forward-looking   statements   that   involve   certain   risks   and
uncertainties. Additionally, certain statements contained in this discussion may
be  deemed  forward-looking  statements  that  involve  a  number  of  risks and
uncertainties.  Among  the  factors  that  could  cause actual results to differ
materially  are  the  following:  the ability of the Company to meet its working
capital  and  liquidity  needs, the status of relations between the Company, its
primary  customers  and  distributors,  the  availability  of  long-term credit,
unanticipated  changes  in  the  U.S.  and  international   economies,  business
conditions and the timely development and acceptance of new products, the impact
of  competitive products and pricing, and other risks detailed from time to time
in  the Company's SEC reports. Readers are cautioned not to place undue reliance
on  these forward-looking statements which speak only as of the date hereof. The
Company  undertakes  no obligation to publicly release the results of any events
or  circumstances  after  the  date  hereof  or  to  reflect  the  occurrence of
unanticipated  events.

RESULTS  OF  OPERATIONS

Three months ended June 30, 2001 and 2000

During  the  three  month  period  ending  June 30, 2001, the Company realized a
profit  of  $14,188 compared to a loss of $48,741 for the same period ended June
30,  2000.   The  two  main   components   contributing  to  this   increase  in
profitability  were  an improvement in gross profit and a reduction in operating
expenses. Gross profit for the three month period ending June 30, 2001 increased
by  approximately  $21,000  compared  to  the  same period last year.  Operating
expenses  for  the  three  month  period  ending  June  30,  2001  decreased  by
approximately  $43,000  compared  to  the  same  period  last  year.

Revenues

During  the three month period ending June 30, 2001, the Company's revenues were
$867,429 compared to $331,878 for the same period ended June 30, 2000.  Revenues
are  principally  from  services and commissions from providing marketing plans,
services  related  to the Internet marketing arena and sales or commissions from
the  sale  or  lease  of  vehicles from dealers who have agreed to provide these
vehicles to the Company and its customers.  Revenues from marketing and Internet
related  activity are recognized when the services are completed.  Revenues from
the  sale  or  lease of vehicles are recognized when the vehicle is delivered to
the  customer.  The  increase  of  revenue from year to year is due to increased
auto  sales  from  the  Company's  wholly  owned subsidiary, AutoSmart USA, Inc.


<PAGE>
                         INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                                   FORM  10-QSB
                                  JUNE  30,  2001

Operating  Expenses

During  the  three  months ended June 30, 2001, the Company incurred $125,010 in
operating  expenses  as  compared  to  $168,456 in the same period in 2000. This
decrease  was  primarily  driven  in  the  area  of marketing, where the Company
curtailed  this  activity  due to Company's cash constraints, and payroll, where
the  Company  has  downsized  its  staff.

Material  changes  in  financial  condition,  liquidity  and  capital  resources

At  June 30, 2001, the Company had $54,559 in cash and cash equivalents compared
to  $55,888  for  the  same  period in 2000.  The Company had a negative working
capital  of  approximately  $146,807 at June 30, 2001.  The Company's operations
are  not  generating sufficient cash to maintain its present operations.  In our
prior  fiscal  year,  monthly expenses have averaged approximately $40,000.  The
Company's  cash  resources  are  determined  entirely on the volume of sales and
services  generated  and  we  currently  cannot  estimate  how  much  they  will
contribute  to  our  cash  flow.  The  Company  has  reviewed  all non-essential
activities and expenditures and has aggressively curtailed these items to assist
in  reducing  the  cash  used  in operating activities.  During the three months
ended  June  30,  2001,  we  have  reduced our monthly expenses to approximately
$28,000.  At  this  lower  "burn rate" we believe we can continue to provide our
current  level  or  operations.  If  necessary,  we  believe  we  can extend our
viability  up  to 12 months by slashing costs to the bone, although this drastic
action  would  temporarily  reduce  our  operating  activities  leading to lower
revenues  during  such  period.
































<PAGE>  10
                         INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                                   FORM  10-QSB
                                  JUNE  30,  2001

PART II

OTHER INFORMATION


Item 1.  Legal Proceedings.

NONE

Item 2.  Changes in Securities.

NONE

3.       Defaults Upon Senior Securities.

NONE

Item 4.  Submission of Matters to a Vote of Security-Holders.

NONE

Item 5.  Other Information.

NONE

Item 6.  Exhibits and Reports on Form 8-K.

(a)      Exhibits:

(b)      Reports on Form 8-K

         NONE



                                    SIGNATURES

In accordance with the  requirements of the  Security Exchange  Act of 1934, the
Registrant has caused this report to be signed on its behalf by the undersigned,
duly authorized.

INTERACTIVE MULTIMEDIA NETWORK, INC.



Date:  October 9, 2001

                  By: /s/ Richard J. Verdiramo
                                       ------------------------------------
                                            Richard J. Verdiramo, President