--------------------------------------------------------------------------------
                                  Kirt W. James
                                    PRESIDENT
                Oasis Entertainment's Fourth Movie Project, Inc.
                              24843 Del Prado, #318
                              Dana Point, CA 92629
            (Name and Address of Person Authorized to Receive Notices
          and Communications on Behalf of the Person Filing Statement)
--------------------------------------------------------------------------------
                                 WITH A COPY TO:
                             KARL E. RODRIGUEZ, ESQ
                     34700 Pacific Coast Highway, Suite 303
                           Capistrano Beach, CA 92624
                                 (949) 248-9561
                               fax (949) 248-1688
--------------------------------------------------------------------------------


                                   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 First Quarter ended December 31, 2000

                       Commission File Number:  000-28881


                Oasis Entertainment's Fourth Movie Project, Inc.
             (Exact name of Registrant as specified in its charter)

Nevada                                                                76-0528600
(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)  488-0736


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


Securities  registered  pursuant  to  Section  12(g)  of the Act:     14,810,000

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  December  31, 2000, the number of shares outstanding of the Registrant's
Common  Stock  was  14,810,000.

                                        1


                          PART I: FINANCIAL INFORMATION

ITEM  1.  FINANCIAL  STATEMENTS.  Attached  as  Exhibit  QF1-01  hereto  and
incorporated  herein  by  this  reference  are  consolidated unaudited financial
statements  for  the  year  ended September 30, 2000, and the three months ended
December  31,  2000.


Balance Sheet: . . . . . . . . . . . .  December 31    September 30
Selected Information . . . . . . . . .          2000            2000
--------------------------------------  -------------  --------------
Cash and Equivalents . . . . . . . . .  $         90   $         495
--------------------------------------  -------------  --------------
Current Assets . . . . . . . . . . . .            90             495
Note Receivable. . . . . . . . . . . .       130,206         127,030
                                        -------------  --------------
Investments. . . . . . . . . . . . . .       143,437         143,437
Other Assets . . . . . . . . . . . . .       273,643         270,467
Total Assets . . . . . . . . . . . . .       273,733         270,962
                                        -------------  --------------
Notes Payable. . . . . . . . . . . . .       158,126         146,183
                                        =============  ==============
Total Liabilities. . . . . . . . . . .       158,126         146,183
Common Stock . . . . . . . . . . . . .        14,810          14,810
                                        -------------  --------------
Paid-in Capital. . . . . . . . . . . .       487,053         483,398
Notes Receivable-Related Party . . . .       (46,300)        (46,300)
Accumulated other Comprehensive (loss)      (111,563)       (111,563)
Accumulated (Deficit). . . . . . . . .      (228,393)       (215,566)
Total Equity . . . . . . . . . . . . .       115,607         124,779
Total Liabilities and Equity . . . . .       273,733         270,962
                                        =============================

  Our  Balance  Sheet  is  substantially  unchanged from the previous period.


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


 (A)  PLAN  OF  OPERATION FOR THE NEXT TWELVE MONTHS. We are considering another
late  night  cable  movie  production.  To  do  this we would need not less than
$250,000  no  more  than  $500,000.  We  are interested in further investment or
co-production  with  Reliant.  Based  upon past experience, in which we invested
$250,000  in  three  projects,  we  would  anticipate requiring a similar sum to
proceed with another group of infomercial projects. It is Management's view that
these  two  programs  should  be  funded  separately.

     We would expect to make a registered (no-underwriting) offering of $500,000
for  the  purpose of funding another movie. We would expect to conduct a private
limited  offering  among accredited investors with pre-existing relationships of
$250,000  for the purpose of investing further in infomercial projects. Our best
guess  is  that  these  funding  programs  will be opened during the next twelve
months.

                                        2


     Neither  of  these  concepts have addressed the continuing need for working
capital,  and  deficit  reduction.  Management is inclined to seek an additional
$100,000  in  funding,  for  this purpose. These requirements will be phased and
allocated  appropriately in such offerings as previously described. It is highly
forseeable  that  existing shareholders, or some of them, will invest further to
cover  current losses, and limit the dilutive effects of such past losses on new
investors.

     There  can  be  no  assurance that we will be successful in raising capital
through  private  placements  or otherwise. Even if we are successful in raising
capital  through the sources specified, there can be no assurances that any such
financing would be available in a timely manner or on terms acceptable to us and
our  current  shareholders. Additional equity financing could be dilutive to our
then  existing  shareholders,  and  any  debt  financing  (if any) could involve
restrictive  covenants  with  respect  to  future capital raising activities and
other  financial  and  operational  matters.

 (B)  DISCUSSION  AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

     We  have  recorded  no  revenues to date. We expect to record revenues from
Reliant  in  2001.  Our  operating expenses for the past two years have included
substantial non-recurring legal and professional expenses in connection with our
1934 Act Registration of our common stock. Together with auditing expense, these
costs  reflect  most  of  year  2000  expenses, and a large portion of year 1999
expenses.  We would expect that $20,000 would be a minimal budget for continuing
audit  and  reporting  in  2001.

BLOOD GAME. We produced one full-length movie entitled "The Blood Game" intended
for  adult  video  and  cable  release.  Its subject matter is adventure, and it
contains  nudity  and violence. It was completed in November of 1999.  The movie
was  produced  for  a  cost  of  $174,360. The subject of the movie is an erotic
action  thriller  based  upon  a man's struggle to rescue a woman from a gang of
weekend  warriors  and  who  winds  up  having  to rescue himself. The movie was
completed in November 1999. The distribution efforts began in late December 1999
when  over sixty preview copies were sent to distributors accepting this type of
genre. The distribution consisted of media packets containing copies of the film
and  trailer, a "one sheet" on the movie and stars, and a personalized letter to
the  individual  distributors.  The  media  packets  were  received on or around
January  10,  2000.  There  were  two  responses that proposed purchasing and/or
distributing options, Troma Films and Victory Multimedia. These negotiations are
currently  in  progress,  however,  they  have  been  slow  and  unassuring of a
profitable  distribution  and/or  purchase  agreement.  Effective, September 30,
1999,  our  investment  in the Blood Game was written off as an impairment loss.
While  we  continue  to  treat the Blood Game project as one yet in progress, we
accept  that  better  accounting  practices  favors  this charge, to reflect the
substantial  doubt  as  to  whether  and  when it may, if ever, become a revenue
producing  item.  Please  see Note 1g of our financial statements (Form 10-KSB):
"The Company capitalized the costs incurred in connection with production of the
movie  'The  Blood  Game'.  The  Company  evaluates  the  recoverability  of the
capitalized  costs  whenever events arise that may effect recoverability, but at
least  annually.  On September 30, 1999, the Company allowed for the movie costs
in  full  due to its inability to find a buyer for the movie." We are engaged in
continuing efforts to market our production of "the Blood Game", notwithstanding
that  we  have  charged  off  the  cost  of  its  production

INFOMERCIALS.  Meanwhile,  an opportunity to produce and finance direct response
television  programs  arose.  An  emerging  "Direct  Response"  company, Reliant
Interactive  Media  Corp.  ("Reliant")  approached  management  to  finance  and
co-produce direct-response television and electronic retailing programs. Reliant
is a full reporting public company trading under the symbol "RIMC" on the OTCBB.
After  extensive  due  diligence, we concluded that the potential for profit and
growth  in  this new opportunity is attractive. We have accordingly expanded the
scope  of  our  business  to  include  and  emphasize  direct-response retailing

                                        3


production. We have begun by entering into a contract with Reliant for financing
and co-producing three (3) direct-response television programs. In the Agreement
between  Reliant  and  Registrant, dated March 24, 1999, we provided $250,000 to
Reliant  for  production  of  three  infomercials.  In  consideration  of  this
financing,  we  received 250,000 shares of common stock of Reliant and royalties
equal  to  2% of the adjusted gross revenues received by Reliant up to a maximum
of  $625,000.  Thereafter,  the  royalty  will  be  reduced  to  1%. To date, no
royalties  have  been  paid  to  Registrant  under  this  Agreement.  The  three
infomercial  products  were  Cactus  Jack's  Laundry  Vitamins,  Daniel  Rogers
Laboratories, Inc.'s Natural Hair Product, and Worldwide Sports Nutrition's Pure
Protein  Bar.  Two were unsuccessful. The third project is producing revenues to
Reliant.  We  expect  to accrue revenues from this investment in early 2001. Our
active  participation  in  Reliant's Infomercials was limited to financing, some
artistic  and  technical  consulting,  and  some  production  assistance for the
"Natural Hair  project. We are presently engaged in discussions with Reliant for
further  investment  and/or  co-production  opportunities. No agreement had been
reached  as  of  December  31,  2000.

     In  a  separate  transaction we made a loan of $300,000 to Reliant of which
the  sum  of $113,500 is presently unpaid. The note included interest at 10% per
annum. As of December 31, 2000, principal and accrued interest owing to us stood
at  $116,906.  As  additional  consideration for this loan and forbearance as to
prompt  repayment,  Reliant  issued  us an additional 5,000 shares of its common
stock.  We  are  not  in  the  business  of  buying  and selling securities. Our
investment  in  common  shares  of Reliant were recorded at $1.00 per share when
acquired.  As  of  September 30, 2000, the fair market value of these shares was
$0.5625  per  share.  Accordingly,  this  unrealized decline in the value of the
investment  is disclosed; however, it is not included in the following per share
loss  calculations. Please see Note 4 of our financial statements (Form 10-KSB).
Please  note  the  item  "Investment  in  available  for sale securities" in our
Balance  Sheet,  under  Assets,  Other  Assets, of $143,437. That is the present
value  of  the  common  shares  as  so  reduced.

     The  most  recent three months comparison to previous periods reflects only
modest  expenses.  The  difference  is  due  to  the fact that the former period
involved  considerable  production  expenses, while the current period does not.
Our operations in the current period have involved legal, professional and audit
expenses  principally.


First Quarter . . . . .                               Year Ended    Inception
OPERATIONS. . . . . . . .           October 1                         April 9
                                       to              September        1998
                                     December 31            30           To
                                 2000          1999         1999        2000
Revenues: . . . . . . . .  $        0   $         0   $        0   $       0
                           -----------  ------------  -----------  ----------
General & Administrative.     (16,003)      (15,956)    (214,396)   (240,248)
 Net (Loss) . . . . . . .     (16,003)      (15,956)    (214,396)   (240,248)
                           -----------  ------------  -----------  ----------
Interest Expense. . . . .           0             0       (4,628)     (4,628)
                           ===========  ============  ===========  ==========
Interest Income . . . . .       3,176         2,887       24,885      28,061
 Net Profit (Other) . . .       3,176         2,887       20,257      23,433
 Net Loss . . . . . . . .     (12,827)      (13,069)    (194,139)   (216,815)
                           ===========  ============  ===========  ==========

                                        4


                           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.  Our  registration statement was voluntarily filed
pursuant  to  Section  12(g) of the Securities Exchange Act of 1934, in order to
comply  with  the requirements of the National Association of Securities Dealers
for quotation on the Over-the-Counter Bulletin Board, often called  OTCBB . This
Registrant's common stock is not presently quoted on any exchange at the present
time.  The  requirements  of  the  OTCBB  are  that the financial statements and
information  about the Registrant be reported periodically to the Securities and
Exchange  Commission  ("SEC")  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. Our 1934 Act Registration
became  effective  and  clear of comments by the staff of the SEC on January 31,
2001.  Now  that  we  are eligible for consideration for quotation on the OTCBB,
management  will submit documentation to 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 on the OTCBB. While we have no present intention of doing so, it
is  possible  that  we may become the subject of a  Reverse Acquisition  at some
undetermined  future time. 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. We have not determined to
pursue a reverse acquisition transaction, although we disclose that possibility,
nor  have  we  identified  any  acquisition  target.  In  the  event that such a
transaction  is  determined to be pursued, we cannot project what the intentions
of  such an unidentified target might be, for engaging in a reverse acquisition.
We can evaluate what we believe are the general advantages and disadvantages for
such  a  target,  in  considering  a  reverse  acquisition.  First,  a  reverse
acquisition  does not register any shares of stock for sale or for resale. It is
not  a  substitute  for  a  1933  Act Registration of shares for sale or resale.
Shares  which  may be issued by us, in connection with such an acquisition would
be  restricted securities and would not be freely tradeable except in compliance
with  the  holding periods and other provisions of Rule 144. We believe that the
advantage  to  such  a  target company, in choosing a reverse acquisition with a
public  company  would be its quotability, so that a market price for its shares
might  be  determinable,  and  so  that when, after such an acquisition, the new
resulting  company  may  engage  in capital formation, its prospective investors
might  obtain market quotes to assist them in making investment decisions. 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, if such a transaction were determined to be pursued by us,
would  be  associated  with  some private placements and/or limited offerings of
common  stock  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  our  the  present  condition.

ITEM  6.  REPORTS  ON  FORM  8-K.  None

                                  EXHIBIT INDEX

FINANCIAL  STATEMENTS  AND  DOCUMENTS.  Exhibit  QF1-01:  Financial  Statements
(Un-Audited)  for the fiscal years ended September 30, 2000 and the three months
ended  December  31,  2000.

                                        5


                                   SIGNATURES


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


February  5,  2001


                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.

                                       by



/s/Kirt W. James         /s/J. Dan Sifford     /s/Karl E. Rodriguez
   Kirt W. James            J. Dan Sifford        Karl E. Rodriguez
   President/Director       Secretary-Treasurer   General  Counsel
                           /Director             /Director

                                        6


--------------------------------------------------------------------------------
                                  EXHIBIT QF-01

                         UN-AUDITED FINANCIAL STATEMENTS
                      FOR THE YEAR ENDED SEPTEMBER 30, 2000,
                  AND THE THREE MONTHS ENDED DECEMBER 31, 2000
--------------------------------------------------------------------------------

                                        7


                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                            BALANCE SHEET (UNAUDITED)
                  For the fiscal year ended September 30, 2000
                     And the period ended December 31, 2000

<TABLE>
<CAPTION>
<S>                                                       <C>             <C>
                                                               December 31,    September 30,
                                                                   2000             2000

ASSETS

CURRENT ASSETS

Cash . . . . . . . . . . . . . . . . . . . . . . . . . .  $          90   $          495
TOTAL CURRENT ASSETS . . . . . . . . . . . . . . . . . .             90              495
OTHER ASSETS
Note receivable. . . . . . . . . . . . . . . . . . . . .        130,206          127,030
Investments. . . . . . . . . . . . . . . . . . . . . . .        143,437          143,437

TOTAL OTHER ASSETS . . . . . . . . . . . . . . . . . . .        273,643          270,467
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . .  $     273,733   $      270,962
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Notes payable - related parties. . . . . . . . . . . . .  $     158,126   $      146,183
TOTAL LIABILITIES. . . . . . . . . . . . . . . . . . . .        158,126          146,183
STOCKHOLDERS' EQUITY
Common Stock, $.001 par value; authorized 100,000,000
   shares; issued and outstanding, 11,500,000 shares,
   14,810,000 shares and 14,810,000 shares respectively.         14,810           14,810
Additional Paid-In Capital . . . . . . . . . . . . . . .        487,053          483,398
Notes receivable - related parties . . . . . . . . . . .        (46,300)         (46,300)
Accumulated other comprenhensive income (loss) . . . . .       (111,563)        (111,563)
Accumulated Equity (Deficit) . . . . . . . . . . . . . .       (228,393)        (215,566)
Total Stockholders' Equity . . . . . . . . . . . . . . .        115,607          124,779
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY . . . . . . . .  $     273,733   $      270,962
</TABLE>

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

                                        8


                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                      STATEMENTS OF OPERATIONS (UNAUDITED)
                           December 31, 1999 and 2000

                                                                    From
                                                                 Inception on
                                  From October    From October     April 9,
                                   1, 2000 to.  . 1, 1999 to    1998 through
                                  December 31,.  December 31,    December 31,
                                      2000            1999          2000

Revenues. . . . . . . . . .  $           0   $           0   $         0
General and administrative.         16,003          15,956       240,248
Net Income (Loss) . . . . .       ($16,003)       ($15,956)    ($240,248)
Other income (expense)

Interest expense. . . . . .              0               0        (4,628)
Interest income . . . . . .          3,176           2,887        28,061
Net Profit (Loss) . . . . .        (12,827)        (13,069)     (216,815)
Loss per Share. . . . . . .      ($0.00087)      ($0.00088)    ($0.01638)
Weighted Average
    Shares Outstanding. . .     14,810,000      14,810,000    13,232,617

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

                                        9


                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
             STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)(UNAUDITED)
             For the period from inception of the Development Stage
  On April 9, 1998, through September 30, 1998, for September 30, 1999 and 2000
                     And the period ended December 31, 2000

<TABLE>
<CAPTION>
<S>                                         <C>         <C>           <C>         <C>              <C>
                                                                    Additional     Accumulated
                                            Common      Par           Paid-In     Comprenhesive     Accumulated
                                            Stock       Value         Capital     Income (Loss)        (Deficit)

Common Stock issued at inception . . . . .  10,000,000  $     10,000   ($10,000)  $            0   $          0
Common Stock issued for
    cash at $0.10 per share. . . . . . . .   1,500,000         1,500    148,500                0              0
Net loss during period . . . . . . . . . .           0             0          0                0              0
Balances at September 30, 1998 . . . . . .  11,500,000        11,500    138,500                0              0
Common Stock issued for
    cash at $0.10 per share. . . . . . . .   3,310,000         3,310    327,690                0              0
Accrued interest on notes to related
   parties recorded as contributed capital           0             0      4,628                0              0
Net Loss for the period. . . . . . . . . .           0             0          0                0       (194,139)
Balances at September 30, 1999 . . . . . .  14,810,000  $     14,810  $ 470,818   $            0      ($194,139)
                                            ----------  ------------  ----------  ---------------  -------------
Holding loss on securities
available-for-sale . . . . . . . . . . . .           0             0          0        ($111,563)             0
Accrued interest on notes to related
   parties recorded as contributed capital           0             0     12,580                0              0
Net Loss for the period. . . . . . . . . .           0             0          0                0        (21,427)
Balances at September 30, 2000 . . . . . .  14,810,000        14,810    483,398         (111,563)      (215,566)
                                            ----------  ------------  ----------  ---------------  -------------
Accrued interest on notes to related
   parties recorded as contributed capital           0             0      3,655                0              0
Net Loss for the period. . . . . . . . . .           0             0          0                0        (12,827)
Balances at December 31, 2000. . . . . . .  14,810,000        14,810    487,053         (111,563)      (228,393)
                                            ----------  ------------  ----------  ---------------  -------------
</TABLE>
The  accompanying  notes  are  an  integral  part of these financial statements.

                                       10


                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                       STATEMENTS OF CASH FLOW (UNAUDITED)
                           December 31, 1999 and 2000

<TABLE>
<CAPTION>
<S>                                                         <C>             <C>            <C>
                                                                                              From
                                                                                           Inception on
                                                            From October    From October    April 9,
                                                            1, 2000 to       1, 1999 to     1998 through
                                                            December 31,     December 31,  December 31,
                                                                2000            1999          2000
Operating Activities

Net Income (Loss)                                            ($12,827)       ($13,069)     ($228,393)
(Increase) in interest receivable                             (3,176)            0          (30,206)
Increase in accounts payable
Net Cash from Operations                                      (16,003)        (13,069)      (258,599)
Cash flows from investing activities
Cash paid for investments                                        0               0          (255,000)
Net cash (used) by investing activities                          0               0          (255,000)
Cash flows from financing activities
Proceeds paid on notes receivable - related parties              0               0          (246,300)
Principal received on notes receivable - related parties         0               0            100,000
Proceeds received on notes payable - related parties           11,943          10,408         158,126
Common stock issued for cash                                     0               0            481,000
Contributed capital                                            3,655             0             20,863
Net cash provided by financing activities                      15,598          10,408        513,689
Net increase (decrease) in Cash                                (405)          (2,661)             90
Cash at beginning of period                                     495            3,151             -0-
Cash as of Statement Date                                       $90             $490             $90
</TABLE>

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

                                       11


                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                                December 31, 2000


Oasis  Entertainment's  Fourth  Movie  Project,  Inc.


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, 2000, 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,  2000.

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.

                                       12