`United States
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

                       Commission File Number:  000-28881

                 For the Second Quarter ended December 31, 2002

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.

Nevada                                                                88-0403762
(Jurisdiction  of  Incorporation)         (I.R.S. Employer  Identification  No.)

24843  Del  Prado,  Suite  326  Dana  Point,  California                   92629
(Address of principal executive offices)                              (Zip Code)

Registrant's  telephone  number,  including  area  code:         (949)  487-7295

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

Securities  registered  pursuant  to  Section 12(g) of the Act:     Common Stock

As  of December 31, 2002, 72,299,912 shares of the Registrants Common Stock were
issued  and  outstanding.

Transitional  Small  Business  Disclosure  Format  (check one): yes [ ]   no [X]


                          PART I: FINANCIAL INFORMATION

ITEM  1.  FINANCIAL  STATEMENTS.

     The  financial  statements,  for  the three months ended December 31, 2002,
included herein have been prepared by the Company, without audit pursuant to the
rules  and  regulations  of  the  Securities  and  Exchange  Commission. Certain
information  and  footnotes disclosure normally included in financial statements
prepared  in  accordance with generally accepted accounting principles have been
condensed  or  omitted  pursuant  to  such  rules  and regulations, although the
Company  believes  that the disclosures are adequate to make the information not
misleading.


             The Remainder of this Page is Intentionally left Blank

                                        1
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (a Development Stage Company)
                                 BALANCE SHEETS
                                  (Unaudited)

<TABLE>
<CAPTION>
                                                        December 31,  September 30,
                                                            2002          2002
----------------------------------------------------------------------------------
<S>                                                     <C>           <C>
      ASSETS

CURRENT ASSETS

Cash . . . . . . . . . . . . . . . . . . . . . . . . .  $         0   $         0
                                                        ------------  ------------

TOTAL CURRENT ASSETS . . . . . . . . . . . . . . . . .            0             0

OTHER ASSETS

Note receivable. . . . . . . . . . . . . . . . . . . .            0             0
Investments. . . . . . . . . . . . . . . . . . . . . .            0             0
                                                        ------------  ------------

TOTAL OTHER ASSETS . . . . . . . . . . . . . . . . . .            0             0

TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . .  $         0   $         0
                                                        ============  ============

      LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES

Accounts payable . . . . . . . . . . . . . . . . . . .  $         0   $         0
Notes payable - related parties. . . . . . . . . . . .      454,354       399,654
                                                        ------------  ------------

TOTAL LIABILITIES. . . . . . . . . . . . . . . . . . .      454,354       399,654

STOCKHOLDERS' EQUITY

Common Stock, $.001 par value; authorized 100,000,000
   shares; issued and outstanding, 24,934,776 shares
   and 24,934,776 shares respectively. . . . . . . . .       24,933        24,933
Additional Paid-In Capital . . . . . . . . . . . . . .      752,547       752,547
Accumulated other comprehensive income (loss) .  . . .            0             0
Accumulated Equity (Deficit) . . . . . . . . . . . . .   (1,231,834)   (1,177,134)
                                                        ------------  ------------

Total Stockholders' Equity . . . . . . . . . . . . . .     (454,354)     (399,654)
                                                        ------------  ------------

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY . . . . . . .  $         0   $         0
                                                        ============  ============
</TABLE>

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

                                        2
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (a Development Stage Company)
                            STATEMENTS OF OPERATIONS
                                  (Unaudited)
<TABLE>
<CAPTION>
                                                                                   From
                                                                               Inception on
                                                               For the            April 9,
                                                         three months ended    1998 through
                                                             December 31,       December 31,
                                                         2002          2001          2002
---------------------------------------------------------------------------------------------
<S>                                                  <C>           <C>           <C>
Revenues. . . . . . . . . . . . . . . . . . . . . .  $         0   $         0   $         0
                                                     ------------  ------------  ------------

  General and administrative. . . . . . . . . . . .       54,700       153,693       668,864
                                                     ------------  ------------  ------------

Net income (loss) before discontinued operations. .      (54,700)     (153,693)     (668,864)
                                                     ------------  ------------  ------------

  (Loss) from discontinued operations . . . . . . .            0             0      (283,203)
  (Loss) from disposal of discontinued operations .            0             0      (115,947)
                                                     ------------  ------------  ------------

Net (loss) from operations. . . . . . . . . . . . .      (54,700)     (153,693)   (1,068,014)
                                                     ------------  ------------  ------------

Other income (expense)

  Impairment Loss . . . . . . . . . . . . . . . . .            0             0      (168,430)
  Interest expense. . . . . . . . . . . . . . . . .            0             0       (47,788)
  Interest income . . . . . . . . . . . . . . . . .            0             0        52,398
                                                     ------------  ------------  ------------

Total other income (expense). . . . . . . . . . . .            0             0      (163,820)
                                                     ------------  ------------  ------------

Net Profit (Loss) . . . . . . . . . . . . . . . . .      (54,700)     (153,693)   (1,231,834)
                                                     ------------  ------------  ------------

Other comprehensive income (loss)

  Change in value of securities available-for-sale.            0             0             0
                                                     ------------  ------------  ------------

Total other comprehensive income (loss) . . . . . .            0             0             0
                                                     ------------  ------------  ------------

Net Comprehensive (Loss). . . . . . . . . . . . . .  $   (54,700)  $  (153,693)  $(1,231,834)
                                                     ------------  ------------  ------------

Gain (Loss) per Share . . . . . . . . . . . . . . .  $     (0.00)  $     (0.01)  $     (0.19)
                                                     ============  ============  ============

Weighted Average
    Shares Outstanding. . . . . . . . . . . . . . .   24,934,776    23,520,228     6,499,288
                                                     ============  ============  ============
</TABLE>

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

                                        3
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (a Development Stage Company)
                            STATEMENTS OF CASH FLOW
                                  (Unaudited)

<TABLE>
<CAPTION>
                                                                                           From
                                                                                       Inception on
                                                                      For the            April 9,
                                                                 three months ended    1998 through
                                                                     December 31,      December 31,
                                                                  2002        2001         2002
----------------------------------------------------------------------------------------------------
<S>                                                            <C>         <C>         <C>
  Operating Activities
    Net Income (Loss) . . . . . . . . . . . . . . . . . . . .  $ (56,439)  $(153,693)  $(1,233,573)
    Bad debt expense. . . . . . . . . . . . . . . . . . . . .                               46,300
    Common Stock issued for services. . . . . . . . . . . . .                              261,272
    Interest on notes payable - related party . . . . . . . .                               35,208
    Loss on disposal of discontinued operations . . . . . . .                                    0
  Changes in assets and liabilities
    (Increase) in interest receivable . . . . . . . . . . . .                              (42,995)
    Increase in accounts payable. . . . . . . . . . . . . . .     56,439     153,693       454,434
                                                               ----------  ----------  ------------

  Net Cash from Operations. . . . . . . . . . . . . . . . . .          0           0      (479,354)

  Cash flows from investing activities

  Cash paid for investments . . . . . . . . . . . . . . . . .                             (255,000)
                                                               ----------  ----------  ------------

  Net cash (used) by investing activities . . . . . . . . . .                             (255,000)
                                                               ----------  ----------  ------------

  Cash flows from financing activities
    Proceeds paid on notes receivable - related parties . . .                             (246,300)
    Principal received on notes receivable - related parties.                              100,000
    Proceeds received on notes payable - related parties. . .          0           0       399,654
    Common stock issued for cash. . . . . . . . . . . . . . .                              481,000
                                                               ----------  ----------  ------------

  Net cash provided by financing activities . . . . . . . . .          0           0       734,354
                                                               ----------  ----------  ------------

  Net increase (decrease) in Cash . . . . . . . . . . . . . .          0           0             0

  Cash at beginning of period . . . . . . . . . . . . . . . .          0           0           -0-

  Cash as of Statement Date . . . . . . . . . . . . . . . . .  $       0   $       0   $         0
                                                               ==========  ==========  ============

  Supplemental Cash Flow Information
    Cash Paid for:
    Interest. . . . . . . . . . . . . . . . . . . . . . . . .  $       0   $       0   $         0
    Taxes . . . . . . . . . . . . . . . . . . . . . . . . . .  $       0   $       0   $         0
</TABLE>

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

                                        4
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                                December 31, 2002



NOTES  TO  FINANCIAL  STATEMENTS

Oasis  Entertainment's Fourth Movie Project, Inc. ("the Company") has elected to
omit  substantially  all  footnotes  to  the  financial statements for the three
months ended December 31, 2002, since there have been no material changes (other
than indicated in other footnotes) to the information previously reported by the
Company  in  their  Annual Report filed on Form 10-KSB for the Fiscal year ended
September  30,  2002.

UNAUDITED  INFORMATION

The  information  furnished  herein  was taken from the books and records of the
Company without audit.  However, such information reflects all adjustments which
are,  in the opinion of management, necessary to properly reflect the results of
the  period  presented.  The information presented is not necessarily indicative
of  the  results  from  operations  expected  for  the  full  fiscal  year.

                                        5
<PAGE>

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

 (A)  PLAN OF OPERATION FOR THE NEXT TWELVE MONTHS. We expect to remain inactive
for  the  next  twelve  months.  We  have  no  business  or  operations.

(B)  DISCUSSION  AND  ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
We  have  recorded  no  revenues  in  recent or comparable period. Our operating
expenses  for  the  recent  past  quarters years have consisted substantially of
legal  and professional expenses in connection with our Federal and State filing
requirements.  Some  additional  non-recurring  expenses  have  been incurred in
connection  with  unsuccessful  acquisitions.

                           PART II: OTHER INFORMATION

ITEM  1.  LEGAL  PROCEEDINGS.  None.

ITEM  2.  CHANGES  IN  SECURITIES.  None.

ITEM  3.  DEFAULTS  ON  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


                                   SIGNATURES

     In  accordance  with  the  requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized,  and  in  the  capacities  indicated.


                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
Dated:  February  11,  2003
                                       by


                                /s/Luke C. Zouvas
                                 Luke C. Zouvas
                               attorney custodian
                       acting as interim Officer/Director

                                        6
<PAGE>


--------------------------------------------------------------------------------

                                    EXHIBIT A

                 CERITIFICATION PURSUANT TO 18 USC SECTION 1350
--------------------------------------------------------------------------------

                                        7
<PAGE>

                 CERITIFICATION PURSUANT TO 18 USC SECTION 1350


      Luke  C.  Zouvas,  Officer/Director  of  this  Registrant  Company, hereby
certifies,  to  the  best  of  my  knowledge and belief, in connection with this
Annual  Report  on  Form  10-KSB,  dated  February  11,  2003:


     (1)     This  report  fully complies with the requirements of section 13(a)
or  15(d)  of  the  Securities  Exchange  Act  of  1934;  and


     (2)     The  information  contained  in this report fairly presents, in all
material  aspects,  the  financial  condition  and results of operations of this
Registrant  Company.


Certification  Dated:  February  11,  2003


                                /s/Luke C. Zouvas
                                   Luke C. Zouvas

                                        8
<PAGE>