FORM 10-QSB

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


          [X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                       For the Quarter ended June 30, 2000

                                       AND

[  ]  TRANSITION  REPORT  PURSUANT  TO  SECTION  13  OR  15(D)  OF  THE
      SECURITIES  EXCHANGE  ACT  OF 1934


                        COMMISSION FILE NUMBER:  0-27131


                                DP CHARTERS, INC.
             (Exact name of Registrant as specified in its charter)


   Nevada                                                             88-0381258
(Jurisdiction  of  Incorporation)        (I.R.S.  Employer  Identification  No.)


34700  Pacific  Coast  Highway,  Suite  303  Capistrano  Beach  CA         92624
(Address of principal executive offices)                              (Zip Code)


Registrant's  telephone  number,  including  area  code:         (949)  248-9561


Securities  registered  pursuant  to  Section  12(b)  of  the  Act:         None


Securities  registered  pursuant  to  Section  12(g)  of the Act:     27,656,000

Yes  [X]   No  [ ]  (Indicate by check mark whether the Registrant (1) has filed
all  report  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.)

As of June 30, 2000, the number of shares outstanding of the Registrant's Common
Stock  was  27,656,000.

                                        1
<PAGE>

--------------------------------------------------------------------------------
                          PART I: FINANCIAL INFORMATION
--------------------------------------------------------------------------------

                         ITEM 1.   FINANCIAL STATEMENTS.


     Attached  hereto and incorporated herein by this reference are consolidated
unaudited  financial  statements  (under  cover of Exhibit 00-FQ1) for the three
months  ended  June  30,  2000.


       ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

 (A)  STATUS  OF  OUR  FORM  10-SB.  We  filed  a 1934 Act Registration which is
currently  effective, by operation of law, but which has not cleared comments by
the  Staff  of  the Commission. That registration statement is voluntarily filed
pursuant  to  Section  12(g) of the Securities Exchange Act of 1934, in order to
comply  with  the requirements of National Association of Securities Dealers for
submission  for  quotation  on the Over the Counter Bulletin Board, often called
"OTCBB".  This  Registrant's  common stock is not presently quoted on the OTCBB.
The  Registrant's  common stock is qualified for listing over the counter in the
"Pink  Sheets";  however  the Registrant does not believe that any of its shares
ever  traded  in  brokerage transactions. The requirements of the OTCBB are that
the  financial  statements  and  information  about  the  Registrant be reported
periodically to the Commission and be and become information that the public can
access  easily.  This  Registrant  wishes  to  report  and  provide  disclosure
voluntarily,  and will file periodic reports in the event that its obligation to
file such reports is suspended under the Exchange Act. If and when this 1934 Act
Registration  is  effective  and clear of comments by the staff, this Registrant
will  be eligible for consideration for the OTCBB upon submission of one or more
NASD  members  for permission to publish quotes for the purchase and sale of the
shares  of  the  common  stock  of  the  Registrant.

 (B)  HISTORY  AND  RENEWAL  OF  OUR  BUSINESS  PLAN.  This  Corporation  ("the
Registrant")  was  duly  incorporated  in  Nevada  on  December  18, 1997, as DP
Charters,  Inc.,  with  the intention of initiating a charter yacht service from
the  Dana Point Harbor, Orange County, California. The Registrant later expanded
its  business  plan  to  include the organization of scuba dive tours at various
world  locations.

     During  October,  November  and  December  of  1997, the conceptual idea of
establishing a charter boat operation in Southern California was discussed among
the  Registrant's  Management,  and  with various friends and acquaintances. The
decision  to form a company to be funded by those in discussion was taken, based
upon  the  expressed  desire  of  the founders to fund the Registrant initially,
pursuant  to  a private placement in reliance on Rule 504. The formal funding by
founders  was  memorialized  about  January  of  1998.

     Specifically,  20,000,000  shares were issued at par value to the Principal
Shareholder,  pursuant  to Section 4(2) of the Securities Act of 1933. 6,400,000
shares  (with  warrants)  were placed among 19 accredited investors, pursuant to
Regulation  D,  Rule 504, promulgated by the Commission pursuant to Section 3(b)
of  the  1933 Act. All warrants have expired or been cancelled and are no longer
of  any  further  force  or effect. Thereafter, in January and April 1999, 6,000
shares  and 1,250,000 shares, respectively, were placed pursuant to Rule 504, in
each  case  to  a  single  sophisticated and knowledgeable investor. Each of the
foregoing  issuances  were  made,  where applicable, to specific exemptions from
registration  pursuant  to  State  Law.

     The Registrant had ambitious plans, at that time, to network through travel
agencies, upon observing that none of the notable competitors were so networked.
The  Registrant's  plans  included  the  development  of  networking  with firms
marketing  tour  packages  or  tour  clubs  and  firms  which  could utilize the
Registrant's  charter  services  as  a  value-added supplement to their Southern
California  operations.  Emphasis was to be placed on identifying easy access to

                                        2
<PAGE>

Dana  Point Harbor, twenty minutes from Orange County Airport, one hour from San
Diego  Airport or from Los Angeles International Airport. Arrangements with Dana
Point  were  investigated  and the feasibility of its use determined. Management
further  planned  to  make  its  services  known  to the American Association of
Retired  Persons, which organization accounts for nearly 500,000 members touring
Southern  California  during  the  off-season.  Plans were made to join the Dana
Point  Chamber  of  Commerce,  which  would  provide  a cost-free listing in the
California  tourism magazine and information data-base, with circulation of just
under  one  million  copies in six counties and automatic posting with all major
hotels  throughout  the  State  of  California.  Plans were made for an Internet
web-page,  linked  to  that  of  the  Dana  Point  Chamber  of  Commerce.

     All  of  these  intentions,  and  the  best  laid plans of Management, were
dependant,  however,  upon  securing  boats  and/or participating boat owners or
providers,  so  that  the  services  could  be  offered.

     On  or  about  March  5,  1998  and continuing through September, tentative
arrangements  were reached to acquire boats from a provider in Norway, which had
acquired them in foreclosure of a lien, but had no profitable operation in which
to use them. The concept was to acquire the boats for stock, but the arrangement
called  for  the  common  stock  of  the  Registrant's  achieving acceptance for
quotation  on  the  OTC  Bulletin  Board.  During  1998,  the  Registrant paid a
consulting  fee  to  the  Norwegian group for a joint marketing, advertising and
referral  program  to  bring northern European tourists to Southern California's
sport  fishing market. During 1998 arrangements were made with scuba diving tour
group  leaders  in  Florida  and  Mexico, for possible dive tours in the Florida
Keys, the Great Barrier Reef of Australia, the Island of Cozumel off the Yucatan
Peninsula  of  Mexico,  and  the  seas  off  Egypt.

     By the end of June, 1998, the Registrant's then current unaudited financial
statements,  indicated a net loss from operations of $155,544.00, $102,470.00 of
which  represented  consulting fees directed to Norway. The Registrant's ability
to  launch  was  yet  dependent upon OTC Bulletin Board acceptance, and comments
between  the  NASD Staff and NASD submitting members were on-going. Delay due to
NASD  Commenting  period  for  start-up  companies  was  not  deemed  unusual by
management,  but shortly before the review of the last set of Comments, the NASD
changed  its  rules  for acceptability for new applicant submitter to the effect
that  the class of common stock to be quoted must have been registered under the
Securities  Exchange  Act  of  1934  Act,  or  the  Registrant must have made an
offering  under  the  Securities  Act  of  1933,  such that the applicant have a
Commission  file  number  and  actually  file  and  remain current in filing its
financial  statements  with  the  Commission,  and  be accessible to the public.
Accordingly,  the  NASD responded to the final set of Comments by qualifying the
Registrant's  common  stock  for  quotation  on  the Pink Sheets, but not on the
OTCBB.

     As  a  result  of the poor timing of events, from the Registrant's point of
view,  the  Registrant was unable to consummate the acquisition of the boats and
was  forced  to  abandon  its  original  business plan.  After some unsuccessful
efforts  to  launch  operations, the original business plan was abandoned, on or
about  May  15,  1999.  From  that  date, until about June 30, 2000, we remained
dormant  without  direction  as  to  our  business  plan,  and  concentrated  on
Registering  our common stock under section 12(g) of the Securities Exchange Act
of  1934.

     During  late  June,  of  this  year,  our  management  began evaluating the
possibility  of renewing our original business plan, to initiate a charter yacht
service  from  the  Dana Point Harbor, Orange County, California. The Registrant
later expanded its business plan to include the organization of scuba dive tours
at various world locations, rather than to seek a business combination by way of
merger  or  reverse  acquisition.

     We    may  be  the  subject of a "Reverse Acquisition". A reverse
acquisition  is  the  acquisition  of  a  private ("Target") company by a public
company,  by  which  the  private  company's shareholders acquire control of the
public  company. While no negotiations are in progress, and no potential targets

                                        3
<PAGE>

have  been  identified,  the  business plan of this Registrant is to find such a
target  or  targets,  and  attempt  to  acquire  them  for  stock. While no such
arrangements or plans have been adopted or are presently under consideration, it
would  be  expected  that  a reverse acquisition of a target company or business
would  be  associated  with  some private placements and/or limited offerings of
common  stock of this Registrant for cash. Such placements, or offerings, if and
when  made  or  extended,  would  be  made  with  disclosure and reliance on the
businesses and assets to be acquired, and not upon the present condition of this
Registrant.

     During  late  June,  of  this  year,  our  management  began evaluating the
possibility  of renewing our original business plan, to initiate a charter yacht
service  from  the  Dana  Point  Harbor,  Orange  County,  California,  and  the
organization of scuba dive tours at various world locations, rather than to seek
a  business  combination  by way of merger or reverse acquisition. A decision by
management  is  expected  in July of this year, definitively, whether to proceed
with  such  renewal.

 (C)  PLAN  OF  OPERATION  FOR  THE NEXT TWELVE MONTHS. This Registrant has been
pursuing  either its original business plan, to initiate a charter yacht service
from  the  Dana Point Harbor, Orange County, California, and the organization of
scuba  dive  tours  at  various  world locations, rather than to seek a business
combination by way of merger or reverse acquisition, or its default plan to seek
an  acquisition partner. The decision was not timely for the reason that we must
qualify for quotation on the Over the Counter Bulletin Board ("OTCBB") before we
can  either raise funds to renew our original plan or enter the arena of seeking
any  business  combination by reverse acquisition. The process of qualifying for
OTCBB requires first that this Registrant become a reporting company pursuant to
this  1934  Act  Registration  Statement.  The  process  next  requires  that  a
Broker/Dealer  make  a  submission  to  the  National  Association of Securities
Dealers  ("NASD") for permission to publish quotations for the purchase and sale
of  the  common stock of this Registrant on the OTCBB. It would be the policy of
this  Registrant to employ a consultant to seek a broker/dealer to become such a
submitting  market-maker  in  the  common stock of this Registrant. Neither this
Registrant, nor any of its affiliates, are Broker/Dealers or NASD members. Since
this  Registrant's  common  stock  is presently quoted on the Pink Sheets, it is
likely that one or more existing Market-Makers would apply for up-grade from the
Pink  Sheets  to the OTCBB, without the necessity of this Registrant's employing
any  consultants  therefor.  When and if an NASD member Broker/Dealer might make
such  a submission to NASD, the Staff of NASD would evaluate the submission, and
the  due  diligence  investigation,  and  would  make  comments and requests for
further  information,  deemed  appropriate  to that Staff, over a period of some
months,  before  granting  permission  for  the submitting Market-Maker to begin
publishing  quotations.  Until  such  time  as  permission  may  be  granted, no
quotations  would be published on the OTCBB. While quotations might be published
on  the  Pink  Sheets,  such  quotations  do not, in the judgment of Management,
constitute  the  basis  for  the  creation  or development of an orderly trading
market  for  the  common  stock of this Registrant. In arriving at this opinion,
that  the Pink Sheets do not constitute the equivalent of OTCBB, Management must
consider  not  only its own opinion, but its assessment of the opinions of those
with  whom  it  might  evaluate  a  reverse acquisition. Accordingly, Management
reports its conclusion that a search for an acquisition target is premature, and
that  it  would  remain  premature  for some months, until and unless the common
stock  of  this  Registrant  may  be  quoted  on  the  OTCBB.

     This  Registrant  is  not  ready  to search for or to consider any specific
acquisition  target.  The  reason  for  this  is  its  inclination  to renew and
resurrect  its  original  business  plan.

     The  process  of  renewing  our  original business plan is not conceptually
difficult,  but  may  be somewhat more expensive that our original arrangements,
for  the reason that the acquisition of boats may not be achievable on the terms
originally  arranged. We had made tentative arrangements to acquire boats from a
provider in Norway, which had acquired them in foreclosure of a lien, but had no
profitable  operation in which to use them. The concept was to acquire the boats

                                        4
<PAGE>

for  stock,  but the arrangement called for the common stock of the Registrant's
achieving  acceptance  for  quotation  on the OTC Bulletin Board. It is possible
that  we  may  be  able  to  acquire  boats  for  stock on substantially similar
arrangements.  It  is  possible and forseeable that some or all cash, or secured
notes  may  be  the  only  way  we  can  acquire  boats  now.

      During  1998,  the Registrant paid a consulting fee to the Norwegian group
for  a  joint  marketing,  advertising  and  referral  program to bring northern
European  tourists  to  Southern  California's sport fishing market. During 1998
arrangements  were  made  with  scuba  diving  tour group leaders in Florida and
Mexico,  for  possible dive tours in the Florida Keys, the Great Barrier Reef of
Australia,  the  Island  of Cozumel off the Yucatan Peninsula of Mexico, and the
seas  off  Egypt.  These  arrangements  are  deemed  viable  for  renewal.

     Management had determined that to renew our business plan, we would need to
develop  new  supplemental funding of approximately $250,000. We are now engaged
in  discussions  with  our  existing  shareholders  and other investors known to
management  to be regular investors in start-up ventures, to determine potential
interest  in  funding  a  renewal  of  our  program.


 (D)  DISCUSSION  AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
The  financial  statements  for  the  three months and six months ended June 30,
2000, reflect minimal changes and no substantial corporate activity. No Revenues
have  been recorded. Legal and Professional expenses were incurred this quarter,
in connection with our continuing efforts to complete our 1934 act registration.
We  have  no  other operating expenses to disclose, and none other were incurred
during  the  last  six  months.  There  has  been  no  substantial change in our
financial  condition  or  results  of  operations  this  quarter.

                                        5
<PAGE>


--------------------------------------------------------------------------------
                           PART II: OTHER INFORMATION
--------------------------------------------------------------------------------


                           ITEM 1.  LEGAL PROCEEDINGS

                                      None

                          ITEM 2.  CHANGE IN SECURITIES

                                      None

                    ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

                                      None

           ITEM 4.  SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS

                                      None

                           ITEM 5.  OTHER INFORMATION

                                      None


                    ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

                                      None

                                  EXHIBIT INDEX

                       FINANCIAL STATEMENTS AND DOCUMENTS
               FURNISHED AS A PART OF THIS REGISTRATION STATEMENT

     Exhibit  00-FQ1:  Financial  Statements  (Un-Audited)  June  30,  2000

                                        6
<PAGE>

                                   SIGNATURES


     Pursuant  to  the requirements of the Securities Exchange Act of 1934, this
Form  10-Q  Report for the Quarter ended June 30, 2000, has been signed below by
the  following person on behalf of the Registrant and in the capacity and on the
June  30,  2000  indicated.


Dated:  June  30,  2000

                                DP CHARTERS, INC.
                                       by


/s/ Kirt W. James            /s/ J. Dan Sifford, Jr.
    Kirt W. James              J. Dan Sifford, Jr.
    president/director           secretary/director

                                        7
<PAGE>

--------------------------------------------------------------------------------
                                 EXHIBIT 00-FQ1

                         UN-AUDITED FINANCIAL STATEMENTS
             FOR THE THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 2000
--------------------------------------------------------------------------------

                                        8
<PAGE>

                                DP CHARTERS. INC.
                            BALANCE SHEET (UNAUDITED)
                   For the fiscal year ended December 31, 1999
                 And the three month period ended June 30, 2000
<TABLE>
<CAPTION>
<S>                                                     <C>          <C>
                                                          June 30,    December 31,
                                                            2000            1999
                                      ASSETS
CURRENT ASSETS
Cash . . . . . . . . . . . . . . . . . . . . . . . . .  $      996   $         996
-----------------------------------------------------------------------------------
TOTAL CURRENT ASSETS . . . . . . . . . . . . . . . . .         996             996
OTHER ASSETS
Accounts receivable. . . . . . . . . . . . . . . . . .      10,000          10,000
TOTAL OTHER ASSETS . . . . . . . . . . . . . . . . . .      10,000          10,000
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . .  $   10,996   $      10,996
===================================================================================
                       LIABILITIES & STOCKHOLDERS' EQUITY
LIABILITIES
Accounts payable . . . . . . . . . . . . . . . . . . .  $   22,734   $           0
Advance from shareholder . . . . . . . . . . . . . . .      10,000          10,000
TOTAL LIABILITIES. . . . . . . . . . . . . . . . . . .  $   32,734   $      10,000
STOCKHOLDERS' EQUITY
Common Stock, $.001 par value; authorized 100,000,000
   shares; issued and outstanding, 27,656,000 shares,
   and 27,656,000 shares respectively. . . . . . . . .      27,656          27,656
Additional Paid-In Capital . . . . . . . . . . . . . .     205,444         205,444
Accumulater Equity (Deficit) . . . . . . . . . . . . .    (254,838)       (232,104)
Total Stockholders' Equity . . . . . . . . . . . . . .     (21,738)            996
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY . . . . . . .  $   10,996   $      10,996
===================================================================================
</TABLE>

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

                                        9
<PAGE>

                                DP CHARTERS. INC.
             STATEMENTS OF LOSS AND ACCUMULATED DEFICIT (UNAUDITED)
                    For the year ended December 31, 1999 and
                    The periods ended June 30, 1999 and 2000

<TABLE>
<CAPTION>
<S>                         <C>             <C>           <C>
                                                              From
                                                          Inception on
                                                          December 18,
                                      For the periods.   1997 through
                                       ended June 30, .      June 30,
                                     2000          1999        2000
Revenues . . . . . . . . .  $           0   $         0   $         0
Amortization . . . . . . .              0             0        (6,000)
Organizational costs . . .              0       (16,000)      (20,000)
Net Loss from Operations .        (22,734)       (6,325)     (228,238)
Net Income (Loss). . . . .       ($22,734)     ($22,325)    ($254,238)
======================================================================
Loss per Share . . . . . .      ($0.00082)    ($0.00082)    ($0.00985)
======================================================================
Weighted Average
    Shares Outstanding . .     27,656,000    27,342,150    25,814,915
----------------------------------------------------------------------
</TABLE>

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

                                       10
<PAGE>

                                DP CHARTERS. INC.
             STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)(UNAUDITED)
             For the period from inception of the Development Stage
                On December 18, 1997, through December 31, 1997,
                 For the years ended December 31, 1998 and 1999
                   And for the six months ended June 30, 2000

<TABLE>
<CAPTION>
<S>                               <C>         <C>           <C>            <C>          <C>
                                                            Additional    Accumulated      Total Stock-
                                  Common        Par           Paid-In        Equity       holders' Equity
                                  Stock       Value         Capital          (Deficit)          (Deficit)
---------------------------------------------------------------------------------------------------------
Common Stock issued at inception  20,000,000  $     20,000  $           0  $        0   $         20,000
Sale of Common Stock . . . . . .   3,808,000         3,808        115,192           0                  0
Loss during 1997 . . . . . . . .           0             0              0        (152)                 0
Balance at December 31, 1997 . .  23,808,000        23,808        115,192        (152)           138,848
Sale of Common Stock . . . . . .   2,592,000         2,592         78,408           0                  0
Loss during 1998 . . . . . . . .           0             0              0    (191,527)                 0
Balance at December 31, 1998 . .  26,400,000  $     26,400  $     193,600   ($191,679)  $         28,321
Sale of Common Stock . . . . . .       6,000             6            594        (600)                 0
Sale of Common Stock . . . . . .   1,250,000         1,250         11,250  $       (0)                 0
Loss during 1999 . . . . . . . .           0             0              0     (39,825)                 0
Balance at December 31, 1999 . .  27,656,000  $     27,656  $     205,444   ($232,104)  $            996
Loss during period ended
     June 30, 2000 . . . . . . .           0             0              0     (22,734)                 0
Balance at June 30, 2000 . . . .  27,656,000  $     27,656  $     205,444   ($254,838)          ($21,738)
</TABLE>

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

                                       11
<PAGE>

                                DP CHARTERS. INC.
                       STATEMENTS OF CASH FLOW (UNAUDITED)
                    For the year ended December 31, 1999 and
                    The periods ended June 30, 1999 and 2000

<TABLE>
<CAPTION>
<S>                                               <C>             <C>         <C>
                                                                                 From
                                                                             Inception on
                                                                             December 18,
                                                            For the periods 1997 through
                                                            ended June 30,      June 30,
                                                           2000        1999       2000
------------------------------------------------------------------------------------------
  Operating Activities
  Net Income (Loss). . . . . . . . . . . . . . .       ($22,734)   ($22,325)   ($254,238)
  Less items not effecting cash:
  shares issued for services . . . . . . . . . .              0           0       12,500
  organization costs . . . . . . . . . . . . . .              0      16,000       20,000
  Increase in payables . . . . . . . . . . . . .         22,734           0       22,734
  Net Cash from Operations . . . . . . . . . . .            -0-      (6,325)    (199,004)
  Cash Increase (Decrease) sale of Common Stock.              0           0      200,000
  Net increase (decrease) in cash. . . . . . . .            -0-      (6,325)         996
  Beginning Cash . . . . . . . . . . . . . . . .            996      12,321          -0-
  Cash as of Statement Date. . . . . . . . . . .  $         996   $   5,996   $      996
</TABLE>

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

                                       12
<PAGE>

                               D P CHARTERS, INC.
                          (a Development Stage Company)
                        Notes to The Financial Statements
         December 31, 1999 and the periods ended June 30, 1999 and 2000

NOTE  I  -  Summary  of  Significant  Accounting  Policies

a.     Organization

D  P  Charters,  Inc.,  ("the  Company")  is  a  Nevada corporation organized on
December  18,  1997.  The  Company was formed to provide a charter yacht service
from  the Dana Point harbor located in Dana Point, Orange County, California but
operations  never commenced.  It is the intent of management to raise capital in
order  to  secure  business  operations.

b.     Accounting  Method

The  Company  recognizes income and expenses on the accrual basis of accounting.

c.     Earnings  (Loss)  Per  Share

The  computation  of earnings per share of common stock is based on the weighted
average  number  of  shares outstanding at the date of the financial statements.

d.     Cash  and  Cash  Equivalents

The  Company  considers  all  highly liquid investments with maturities of three
months  or  less  to  be  cash  equivalents.

e.  Provision  for  Income  Taxes

No  provision  for  income  taxes  has been recorded due to net operating losses
totaling  approximately  $231,500  that  will  be  offset against future taxable
income.  These  NOL  carryforwards  begin  to  expire  in the year 2012.  No tax
benefit  has  been  reported  in  the  financial  statements because the Company
believes  there  is a 50% or greater chance the carryforward will expire unused.
Accordingly,  per  FASB  109 the potential tax benefits of the loss carryforward
are  offset  by  the  valuation  of  the  same  amount.
Deferred tax assets and the valuation account is as follows at December 31, 1999
and  June  30,  2000.

                             June  30,     December  31,
                                2000           1999
     Deferred  tax  asset:
     NOL  carrryforward     $  80,828     $  78,710
     Valuation  allowance     (80,828)     (78,710)
---------------------------------------------------
     Total                          0            0

f.     Organizational  Costs

In  1997,  the  shareholders  paid $20,000 in organizational costs.  The Company
reimbursed  the shareholders  by  issuing  20,000,000 shares of common stock at
$.001 par value. These  costs  were  being  amortized  on a straight-line method
over a 60 month period  beginning  January  1,  1998, however, during January
1999 the remaining balance was written off in connection with a change in
accounting principle (See Note  5).  These costs will be recovered only if the
Company is able to generate a  positive  cash  flow  from  operations.

                                       13
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                               D P CHARTERS, INC.
                          (a Development Stage Company)
                        Notes to The Financial Statements
         December 31, 1999 and the periods ended June 30, 1999 and 2000

NOTE  I  -  Summary  of  Significant  Accounting  Policies  (continued)
g.  Use  of  estimates

The  preparation  of  financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect  reported  amounts  of  assets  and liabilities, disclosure of contingent
assets  and liabilities at the date of the financial statements and revenues and
expenses  during  the reporting period.  In these financial statements and other
assets  involve  extensive  reliance  on management's estimates.  Actual results
could  differ  from  those  estimates.

NOTE  2  -  Going  Concern

The  accompanying  financial  statements  have  been  prepared assuming that the
Company will continue as a going concern.  The Company is dependent upon raising
capital  to  continue  operations.  The  financial statements do not include any
adjustments  that  might  result  from  the  outcome of this uncertainty.  It is
management's  plan  to  raise additional funds to begin its intended operations.

NOTE  3  -  Development  Stage  Company

The  Company  is  a development stage company as defined in Financial Accounting
Standards  Board  Statement  No. 7. It is concentrating substantially all of its
efforts  in  raising  capital and developing its business operations in order to
generate  significant  revenues.

NOTE  4  -  Related  Party  Transactions

During the first three months of 2000, during 1999 and 1998, $6,232, $10,000 and
$58,500,  respectively was accrued or paid in consulting fees to a company owned
by  shareholders  of  the  Company.

During 1999, shareholders loaned the Company $13,000.  The Company made payments
of  $3,000  on  these  loans  and  the  balance  payable at December 31, 1999 is
$10,000.

During  1999,  the  Company advanced a shareholder $10,000.  The balance of this
receivable  at  December  31,  1999  is  $10,000.

NOTE  5  -  Change  in  Accounting  Principles

During  the  year  ended  December  31,  1999, the Company changed its method of
amortization  of  organizational  costs in accordance with SOP 98-5 and expensed
the remaining balance.  The effect of this change was to decrease net income for
the  year  ended  December  31,  1999  by  $12,000  ($0.00  per  share).

NOTE  6  -  Stockholders'  Equity

In  January  1999,  the  Company  issued  6,000 shares of its common stock for a
subscription  receivable  of  $600.

In  April  1999,  the  Company  issued  1,250,000 shares of its common stock for
services  valued  at  $12,500.

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