<PAGE>   1
                        SECURITIES & EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-QSB

(X)      Quarterly Report Pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934

         For the quarterly period ended July 31, 2000
                                       or
( )      Transition Report Pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934

         For the transition period from ____________ to ____________


                           Commission File No. 0-24211

                      NATIONAL VENTURE CAPITAL FUND, INC.
                      -----------------------------------
       (Exact Name of Small Business Issuer as specified in its charter)


                 Colorado                            84-1432661
              ---------------                --------------------------
              (State or other                (IRS Employer File Number)
              jurisdiction of
              incorporation)

                       1472 Glade Gulch Road
                       Castle Rock, Colorado                80104
              ----------------------------------------    ---------
              (Address of principal executive offices)    (zip code)


                                 (303) 378-7634
                                 --------------
              (Registrant's telephone number, including area code)

     Securities to be Registered Pursuant to Section 12(b) of the Act: None

       Securities to be Registered Pursuant to Section 12(g) of the Act:

                   Common Stock, $0.0001 per share par value

Indicate by check mark whether the Registrant (1) had filed all reports
required to be filed by Section 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
filing requirements for the past 90 days. Yes       No  X
                                              ---      ---

The number of shares outstanding of Registrant's common stock, par value
$0.0001 per share, as of July 31, 2000 were 20,101,000 common shares.


<PAGE>   2



References in this document to "us," "we," or "the Company" refer to National
Venture Capital Fund, Inc.


                         PART 1 - FINANCIAL INFORMATION

ITEM I.  Financial Statements


<PAGE>   3



                      NATIONAL VENTURE CAPITAL FUND, INC.
                         (A DEVELOPMENT STAGE COMPANY)






                          FORM 10-QSB QUARTERLY REPORT


                                 JULY 31, 2000









                            JANET LOSS, C.P.A., P.C.
                          CERTIFIED PUBLIC ACCOUNTANT
                        1780 S. BELLAIRE ST., SUITE 500
                             DENVER, COLORADO 80222




<PAGE>   4







                      NATIONAL VENTURE CAPITAL FUND, INC.
                         (A DEVELOPMENT STAGE COMPANY)

                     INDEX TO FORM 10-QSB QUARTERLY REPORT


                               TABLE OF CONTENTS
                         PART I - FINANCIAL INFORMATION


<TABLE>
<CAPTION>
ITEM 1 - FINANCIAL STATEMENTS                                 PAGE
-----------------------------                                 ----
<S>                                                          <C>
Unaudited Balance Sheet at July
31, 2000 and April 30, 2000 (Audited)...................      F-2

Statements of Operations for the
Three months ended July 31, 2000
And 1999 and for the period from June
12, 1997 through July 31, 2000 .........................      F-3

Statements of Stockholders' Equity
(Deficit) for the three months
Ended July 31, 2000.....................................      F-4

Statements of Cash Flows for the
Three months ended July 31, 2000
And 1999 and for the period from June
12, 1997 through July 31, 2000..........................      F-5

Notes to Financial Statements...........................      F-6
</TABLE>

                                      F-1


<PAGE>   5



                      NATIONAL VENTURE CAPITAL FUND, INC.
                         (A DEVELOPMENT STAGE COMPANY)

                                 BALANCE SHEETS

<TABLE>
<CAPTION>

                                              (UNAUDITED)       AUDITED
                                                JULY 31,        APRIL 30,
      ASSETS                                      2000            2000
                                                --------        ---------
<S>                                           <C>              <C>
CURRENT ASSETS:
Cash in checking                                $  2,495        $  2,495

OTHER ASSETS:

Organization Costs, net
     Of Amortization                                   0               0
                                                --------        --------

TOTAL ASSETS                                    $  2,495        $  2,495
                                                ========        ========

      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
                                                $      0        $      0
                                                --------        --------

STOCKHOLDERS' EQUITY:

Preferred Stock, 10,000,000 shares
 Authorized $0.0001 par value per
 Share, none issued                                    0               0

Common stock, 100,000,000 shares
 Authorized $0.0001 par value per
 Share, issued and outstanding                     2,010           2,010

 Additional Paid-in-Capital                       30,490          30,490

 (Deficit)                                       (30,005)        (30,005)
                                                --------        --------

     Total Stockholders' Equity                    2,495           2,495
                                                --------        --------
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY                            $  2,495        $  2,495
                                                ========        ========
</TABLE>


    The accompanying notes are an integral part of the financial statements.




                                      F-2
<PAGE>   6


                      NATIONAL VENTURE CAPITAL FUND, INC.
                         (A DEVELOPMENT STAGE COMPANY)

                            STATEMENTS OF OPERATIONS
                   For the Three Ended July 31, 2000 and 1999
               And for the Period From June 12, 1997 (Inception)
                             Through July 31, 2000

<TABLE>
<CAPTION>
                                                                       FOR THE PERIOD
                                                                     FROM JUNE 12, 1997
                                   FOR THE THREE MONTHS ENDED       (INCEPTION) THROUGH
                                JULY 31, 2000      JULY 31, 1999       JULY 31, 2000
                                -------------      -------------    -------------------
<S>                             <C>                <C>                 <C>
REVENUES:                       $          0       $          0        $          0
                                ------------       ------------        ------------

OPERATING EXPENSES:
Accounting and
  Legal fees                    $          0       $      1,300        $     11,932
Advertising                                0                  0                 547
Amortization                               0                 25                 500
Consulting Services                        0                  0               3,000
Edgar Filings                              0                  0                 384
Entertainment                              0                  0               1,248
Filing and
  Transfer fees                            0                  0               1,310
Office Expense                             0                  0               1,712
Postage                                    0                  0               1,002
Referral Fees                              0              5,000               5,000
Rent Expenses                              0                540               1,080
Telephone Expenses                         0                438               2,246
Taxes and Licenses                         0                  0                  44
                                ------------       ------------        ------------

TOTAL OPERATING
     EXPENSES                              0              7,303              30,005
                                ------------       ------------        ------------

NET LOSS                        $          0       $     (7,303)       $    (30,005)
                                ============       ============        ============

NET INCOME (LOSS)
         PER COMMON SHARE                N/A                N/A                 N/A
                                ============       ============        ============

WEIGHTED AVERAGE NUMBER
OF SHARES OUTSTANDING             20,101,000         20,101,000          20,101,000
                                ============       ============        ============
</TABLE>



The accompanying notes are an integral part of the financial statements.




                                      F-3
<PAGE>   7





                      NATIONAL VENTURE CAPITAL FUND, INC.
                         (A DEVELOPMENT STAGE COMPANY)

                  STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)
                    For the Three Months Ended July 31, 2000




<TABLE>
<CAPTION>
                                                                                   Accumulated          Total
                                   Common                                           (Deficit)        Stockholders'
                                   Stock                           Additional      During the           Equity
                                  Number of      Common Stock        Paid-in       Development         ---------
                                   Shares           Amount           Capital          Stage           (Deficit)
                                 ----------      ------------      ----------      -----------       -------------
<S>                              <C>              <C>              <C>              <C>               <C>
May 1, 2000                      20,101,000       $    2,010       $   30,490       $  (30,005)       $    2,495


Net (Loss) for the Three
Months Ended July 31, 2000                0                0                0                0                 0
                                 ----------       ----------       ----------       ----------        ----------

Balance July
31, 2000                         20,101,000       $    2,010       $   30,490       $  (30,005)       $    2,495
                                 ==========       ==========       ==========       ==========        ==========

</TABLE>







    The accompanying notes are an integral part of the financial statements.



                                      F-4


<PAGE>   8


                      NATIONAL VENTURE CAPITAL FUND, INC.
                         (A DEVELOPMENT STAGE COMPANY)

                            STATEMENTS OF CASH FLOWS
               For the Three Months Ended July 31, 2000 and 1999
               And for the Period From June 12, 1997 (Inception)
                             Through July 31, 2000

<TABLE>
<CAPTION>
                                                                FOR THE PERIOD
                                                              FROM JUNE 12, 1997
                                 FOR THE THREE MONTHS ENDED   (INCEPTION) THROUGH
                                JULY 31, 2000  JULY 31, 1999     JULY 31, 2000
                                -------------  -------------  -------------------
<S>                             <C>             <C>           <C>
CASH FLOWS FROM
OPERATING ACTIVITIES:
     Net Income (Loss)             $      0       $ (7,303)       $(30,005)

ADJUSTMENTS TO RECONCILE
NET (LOSS) TO CASH FLOW FROM
OPERATING ACTIVITIES:
Amortization                              0             25             500
(Increase) Decrease in
     Prepaid Rent                         0            540               0
Increase (Decrease) in
     Accounts Payable                     0         (1,138)              0
Stock Issued for
     Services                             0              0           2,000
Stock Issued for
     Organization Costs                   0              0             500
                                   --------       --------        --------
NET CASH PROVIDED BY
     OPERATING ACTIVITIES                 0         (7,876)        (27,005)

CASH FLOWS FROM INVESTING
ACTIVITIES:
Organization Costs                        0              0            (500)

CASH FLOWS FROM FINANCING
ACTIVITIES:
Proceeds From Issuance of
     Capital Stock                        0              0          30,000
                                   --------       --------        --------

NET (DECREASE) INCREASE
     IN CASH                              0         (7,876)          2,495

     CASH, BEGINNING OF
         PERIOD                       2,495         12,842               0
                                   --------       --------        --------

CASH, END OF PERIOD                $  2,495       $  4,966        $  2,495
                                   ========       ========        ========
</TABLE>

    The accompanying notes are an integral part of the financial statements.



                                      F-5


<PAGE>   9




                      NATIONAL VENTURE CAPITAL FUND, INC.
                         (A DEVELOPMENT STAGE COMPANY)

                         NOTES TO FINANCIAL STATEMENTS



NOTE I - HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

National Venture Capital Fund, Inc. (A Development Stage Company), a Colorado
Corporation, was incorporated June 12, 1997, for the purpose of seeking
potential businesses acquisition or mergers.

     Accounting Method

     The company record income and expenses on the accrual method.

     Organization Costs

     Costs incurred in organizing the company are being amortized over a
     sixty-month period.

     Year End

     The Company has elected a fiscal year-end of April 30th.

     Loss Per Share

     Net Loss is calculated by dividing the net loss by the weighted average
     number or common shares outstanding.


NOTE III - RELATED PARTY TRANSACTION

The Company maintains its office in space provided by an officer of the Company
pursuant to an oral agreement with reimbursement for out of pocket expenses,
such as telephone.



                                      F-6



<PAGE>   10








ITEM 2.  Managements Discussion and Analysis of Financial Condition and
         Results of Operations

Forward-Looking Statements

         The following discussion contains forward-looking statements regarding
us, our business, prospects and results of operations that are subject to
certain risks and uncertainties posed by many factors and events that could
cause our actual business, prospects and results of operations to differ
materially from those that may be anticipated by such forward-looking
statements. Factors that may affect such forward-looking statements include,
without limitation: our ability to successfully develop operations, our success
in finding one or more acquisition candidates, and the impact of competition on
the development of revenues.

         When used in this discussion, words such as "believes", "anticipates",
"expects", "intends" and similar expressions are intended to identify
forward-looking statements, but are not the exclusive means of identifying
forward-looking statements. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date of this
report. We undertake no obligation to revise any forward-looking statements in
order to reflect events or circumstances that may subsequently arise. Readers
are urged to carefully review and consider the various disclosures made by us
in this report and other reports filed with the Securities and Exchange
Commission that attempt to advise interested parties of the risks and factors
that may affect our business.

Results of Operations

         We have not generated any revenues from operations since our
inception. Our Total Operating Expenses for the three months ended July 31,
2000 were $-0- compared to Total Operating Expenses for the three months ended
July 31, 1999 of $7,303. We had Total Operating Expenses since inception of
$30,005. Since we have not generated Revenues, our Net Losses for these periods
was the same as our Total Operating Losses. We attempt to operate with minimal
overhead. Our primary activity will be to seek an acquisition candidate. As of
the end of the reporting period, we had concluded no acquisitions and had
spoken with no potential candidates. The attempt to seek an acquisition
candidate or candidates will be our primary focus in the coming fiscal year.




<PAGE>   11






Liquidity and Capital Resources

         As of the end of the reporting period and since inception, we had
$2,495 in cash, compared to $4,966 for the three months ended July 31, 1999. We
had no Accounts Receivable or Accounts Payable for the period.

         Management feels that we have inadequate working capital to pursue any
business opportunities other than seeking an acquisition candidate. We will
have minimal capital requirements prior to the consummation of any acquisition
but can pursue an acquisition candidate. Until a suitable candidate is
identified, our officers and directors will personally provide the necessary
funds for our operation, which are expected to be minimal. There is no plan to
reimburse any of our officers and directors for any advances. We do not intend
to pay dividends in the foreseeable future.

                           PART II- OTHER INFORMATION

ITEM 1.  Legal Proceedings

         No legal proceedings of a material nature to which we are a party were
pending during the reporting period, and we know of no legal proceedings of a
material nature pending or threatened or judgments entered against any of our
directors or officers in his capacity as such.

ITEM 2.  Changes in Securities. None.

ITEM 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.

No exhibits as set forth in Regulation S-K are considered necessary in this
10-QSB filing. No reports on Form 8-K were filed as of the most recent fiscal
quarter.



<PAGE>   12




                                   SIGNATURES

In accordance with Section 12 of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                            NATIONAL VENTURE CAPITAL, INC.




Dated: 12/04/00                             By  /s/ Farhad Behzadi
       --------                                 ----------------------------
                                                    Farhad Behzadi
                                                    President


         Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.


                                            CHIEF FINANCIAL AND ACCOUNTING
                                                    OFFICER



Dated: 12/04/00                             By: /s/ Marc Baker
       --------                                 ----------------------------
                                                    Marc Baker
                                                    Treasurer


<PAGE>   13



                                 EXHIBIT INDEX

<TABLE>
<CAPTION>
     EXHIBIT
     NUMBER              DESCRIPTION
     -------             -----------
<S>                      <C>
       27                Financial Data Schedule

</TABLE>