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 March 31, 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  March  31,  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  March  31,  2000.

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

 (A)  PLAN  OF OPERATION FOR THE NEXT TWELVE MONTHS. This Registrant has 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.

     This  Registrant  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
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.

     This  Registrant  is  not  presently pursuing its business plan, to seek an
acquisition  partner,  for  the reason that such activities are not timely. They
are  not timely because this Registrant must qualify itself for quotation on the
Over  the  Counter  Bulletin  Board  ("OTCBB")  before it can 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

                                        2
<PAGE>

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. It does not expect to be able to begin consideration of any
acquisitions  for  four  to  six  months. It cannot expect to identify or commit
itself  to  any acquisition within the next twelve months, or perhaps longer for
the  following  reasons. It is not the policy or practice of the Registrant, its
Management  or  Principal  Shareholder  to  advertise,  or  travel  in search of
possible targets. This Registrant does not command the capital or liquidity with
which  to conduct such a search, and does not expect to be able to engage in any
capital  formation or loan funding activities for that purpose. While incidental
advances  by  the  Principal Shareholder for corporate maintenance, filing fees,
legal  and professional, and auditing are foreseeable, the Principal Shareholder
has  no  intention  of  general  funding or funding search, advertising or other
promotion  of  this  Registrant.  Accordingly,  the  future  prospects  of  this
Registrant is likely to await such serendipitous referral or introduction as may
lead  to  conversations  with  potential  target  businesses.  The  search for a
profitable  business  combination,  accordingly,  must  be  understood  as  an
essentially  passive  one,  relying mostly on word of mouth. It is possible that
business  brokers  or  promoters  may  at  some point approach management with a
proposal.  No estimate can be made when and if such a passive search might yield
an  acquisition  target.

     When  and  if  a  probable  acquisition  target  may  be identified, or may
identify  itself, Management will conduct extensive due diligence and evaluation
of the target, based upon the financial statements of an acquisition target, its
forseeable  requirements  for  capital, and realistic potential of the target to
attract  the  capital it may require, and management's evaluation of its ability
to  achieve  its  plan  for  profitability.  No  acquisition  would  be  made if
Management were not satisfied that its plan for profitability and viability were
sound  and  in  the  interests of shareholders. The Registrant will continue its
evaluation  of  opportunities  until  an  attractive  business  combination  is
accomplished,  no  matter  how  long  it  may  take.


 (B)  DISCUSSION  AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
This  Registrant  has  no  immediate  need  for current capital formation in its
present  stage  from  outside sources. This means that the Registrant expects to
maintain  its  corporate  and  other  filings and reports during the next twelve
months.  Our  common stock is cleared for the Pink Sheets, but cannot be cleared
for  the  OTCBB until its 1934 Act Registration shall have become effective, and
cleared  comments.

     The  financial  statements for the three months reflect minimal changes and
no  substantial  corporate  activity.  No Revenues have been recorded. Legal and
Professional  expenses  of  $6,232  were incurred this quarter, as compared with
$22,325  for  the  corresponding  quarter  of  1999. This current amount is also
reflected  as  an  account  payable.

     There  has been no substantial change in our financial condition or results
of  operations  this  quarter.

                                        3
<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) March 31, 2000

                                        4
<PAGE>

                                   SIGNATURES


     Pursuant  to  the requirements of the Securities Exchange Act of 1934, this
Form  10-Q Report for the Quarter ended March 31, 2000, has been signed below by
the  following person on behalf of the Registrant and in the capacity and on the
March  31,  2000  indicated.

Dated:  March  31,  2000

                                DP CHARTERS, INC.
                                       by

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

                                        5
<PAGE>

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

                         UN-AUDITED FINANCIAL STATEMENTS
                    FOR THE THREE MONTHS ENDED MARCH 31, 2000
--------------------------------------------------------------------------------

                                        6
<PAGE>

                                DP CHARTERS, INC.
                            BALANCE SHEET (UNAUDITED)
                   For the fiscal year ended December 31, 1999
                 And the three month period ended March 31, 2000

<TABLE>
<CAPTION>
<S>                                                     <C>          <C>
                                                          March 31,    December 31,
                                                           2000            1999
                                                        -----------  --------------
ASSETS
CURRENT ASSETS                                          $      996   $         996
Cash                                                           996             996
                                                        -----------  --------------
TOTAL CURRENT ASSETS
OTHER ASSETS                                                10,000          10,000
Accounts receivable                                         10,000          10,000
                                                        -----------  --------------
TOTAL OTHER ASSETS                                      $   10,996   $      10,996
                                                        ===========  ==============
TOTAL ASSETS

LIABILITIES & STOCKHOLDERS' EQUITY
LIABILITIES
Accounts payable                                        $    6,232   $           0
Advance from shareholder                                    10,000          10,000
                                                        -----------  --------------
TOTAL LIABILITIES                                       $   16,232   $      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)                              (238,336)       (232,104)
                                                        -----------  --------------
Total Stockholders' Equity                                  (5,236)            996
                                                        -----------  --------------
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY                $   10,996   $      10,996
                                                        ===========  ==============
</TABLE>

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

                                        7
<PAGE>

                                DP CHARTERS, INC.
             STATEMENTS OF LOSS AND ACCUMULATED DEFICIT (UNAUDITED)
                   For the fiscal year ended December 31, 1999
                 And the three month period ended March 31, 2000


<TABLE>
<CAPTION>
<S>                        <C>                <C>           <C>
                                                                   From
                                                              Inception on
                                                              December 18,
                                        For the periods      1997 through
                                        ended March 31,          March 31,
                                       2000          1999         2000
                           -----------------  ------------  --------------
Revenues                   $              0   $         0   $           0
                           -----------------  ------------  --------------
Amortization                              0             0          (6,000)
Organizational costs                      0       (16,000)        (20,000)
Net Loss from Operations             (6,232)       (6,325)       (211,736)
Net Income (Loss)                   ($6,232)     ($22,325)      ($237,736)
                           =================  ============  ==============
Loss per Share                    ($0.00023)    ($0.00082)      ($0.00921)
                           =================  ============  ==============
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.

                                        8
<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 fiscal year ended December 31, 1999
                 And the three month period ended March 31, 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
     March 31, 2000                        0        0            0        (6,232)                 0
                                  ----------  -------  -----------  -------------  -----------------
Balance at March 31, 2000         27,656,000   27,656      205,444      (238,336)            (5,236)
                                  ==========  =======  ===========  =============  =================
</TABLE>

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

                                        9
<PAGE>

                                DP CHARTERS, INC.
                       STATEMENTS OF CASH FLOW (UNAUDITED)
                   For the fiscal year ended December 31, 1999
                 And the three month period ended March 31, 2000


<TABLE>
<CAPTION>
<S>                                             <C>                <C>         <C>
                                                                                   From
                                                                               Inception on
                                                                               December 18,
                                                           For the perio        1997 through
                                                          ended March 31,         March 31,
                                                            2000        1999        2000
                                                -----------------  ----------  --------------
Operating Activities
Net Income (Loss)                                        ($6,232)   ($22,325)      ($237,736)
Less items not effecting cash:
shares issued for services                                     0           0          12,500
organization costs                                             0      16,000          20,000
Increase in payables                                       6,232           0           6,232
                                                -----------------  ----------  --------------
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.

                                       10
<PAGE>

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

     March  31,     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.

                                       11
<PAGE>

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

                                       12
<PAGE>