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                                  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)
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                                 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
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                                   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 Quarterly Period ended March 31, 2001

             [ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
           For the transition period from ____________ to ____________


                       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


As  of  March  31,  2001,  the  number of shares outstanding of the Registrant's
Common  Stock  was  14,810,000.


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

                                        1


                          PART I: FINANCIAL INFORMATION

ITEM  1.  FINANCIAL  STATEMENTS.

The  financial  statements,  for  the  six months ended March 31, 2001, 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.

                                        2


                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                            BALANCE SHEET (UNAUDITED)
                  For the fiscal year ended September 30, 2000
                       And the period ended March 31, 2001
<TABLE>
<CAPTION>
<S>                                                     <C>          <C>
                                                         March 31,    September 30,
                                                           2001             2000
                                                        (Unaudited)
------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS
Cash . . . . . . . . . . . . . . . . . . . . . . . . .  $       81   $          495
                                                        -----------  ---------------
TOTAL CURRENT ASSETS . . . . . . . . . . . . . . . . .          81              495
OTHER ASSETS
Note receivable. . . . . . . . . . . . . . . . . . . .     133,382          127,030
Investments. . . . . . . . . . . . . . . . . . . . . .     428,750          143,437
                                                        -----------  ---------------
TOTAL OTHER ASSETS . . . . . . . . . . . . . . . . . .     562,132          270,467
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . .  $  562,213   $      270,962
                                                        ===========  ===============
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Notes payable - related parties. . . . . . . . . . . .  $  176,357   $      146,183
                                                        -----------  ---------------
TOTAL LIABILITIES. . . . . . . . . . . . . . . . . . .     176,357          146,183
STOCKHOLDERS' EQUITY
Common Stock, $.001 par value; authorized 100,000,000
   shares; issued and outstanding, 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) . . . .     183,750         (111,563)
Accumulated Equity (Deficit) . . . . . . . . . . . . .    (253,457)        (215,566)
                                                        -----------  ---------------
Total Stockholders' Equity . . . . . . . . . . . . . .     385,856          124,779
                                                        -----------  ---------------
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY . . . . . . .  $  562,213   $      270,962
                                                        ===========  ===============
</TABLE>

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

                                        3


                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                      STATEMENTS OF OPERATIONS (UNAUDITED)
                             March 31, 2000 and 2001
<TABLE>
<CAPTION>
<S>                            <C>             <C>             <C>             <C>             <C>
                                                                                                    From
                                                                                                Inception on
                                  From January    From January    From October    From October     April 9,
                                   1, 2001 to.     1, 2000 to      1, 2000 to      1, 1999 to   1998 through
                                    March 31,       March 31,      March 31,       March 31,      March 31,
                                      2001           2000            2001            2000          2001
                               --------------  --------------  --------------  --------------  ------------
  Revenues. . . . . . . . . .  $           0   $           0   $           0   $           0   $         0
                               --------------  --------------  --------------  --------------  ------------
  General and administrative.         21,888           9,896          37,891          25,852       253,457
  Net Income (Loss) . . . . .       ($21,888)        ($9,896)       ($37,891)       ($25,852)    ($253,457)
                               ==============  ==============  ==============  ==============  ============
  Other income (expense)
  Impairment Loss . . . . . .              0               0               0               0      (168,430)
  Holding gain on securities.              0               0               0               0
  available-for-sale. . . . .        183,750         137,813         183,750         137,813       183,750
  Interest expense. . . . . .         (3,145)         (3,145)         (6,290)         (6,290)      (23,498)
  Interest income . . . . . .          2,887           2,887           5,774           5,774        42,207
                               --------------  --------------  --------------  --------------  ------------
  Net Profit (Loss) . . . . .        161,604         127,659         145,343         111,445      (219,428)
  Gain (Loss) per Share . . .  $        0.01   $        0.01   $        0.01   $        0.01        ($0.02)
                               ==============  ==============  ==============  ==============  ============
  Weighted Average
      Shares Outstanding. . .     14,810,000      14,810,000      14,810,000      14,810,000    13,232,617
                               ==============  ==============  ==============  ==============  ============
</TABLE>

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

                                        4


                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 March 31, 2001
<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)

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   $             0     ($215,566)

Holding Gain on securities
available-for-sale . . . . . . . . . . . .           0             0          0           183,750             0

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       (37,891)
                                            ----------  ------------  ----------  ---------------  -------------
Balances at March 31, 2001 . . . . . . . .  14,810,000  $     14,810  $ 487,053   $       183,750     ($253,457)
</TABLE>

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

                                        5


                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                       STATEMENTS OF CASH FLOW (UNAUDITED)
                             March 31, 2000 and 2001
<TABLE>
<CAPTION>
<S>                                                        <C>             <C>             <C>
                                                                                                From
                                                                                            Inception on
                                                             From October    From October     April 9,
                                                               1, 2000 to.     1, 1999 to    1998 through
                                                                March 31,      March 31,     March 31,
                                                                    2001            2000         2001
                                                           --------------  --------------  -----------
Operating Activities
Net Income (Loss) . . . . . . . . . . . . . . . . . . . .       ($37,891)       ($25,852)   ($253,457)
(Increase) in interest receivable . . . . . . . . . . . .         (6,352)              0      (33,382)
Increase in accounts payable. . . . . . . . . . . . . . .         21,888               0       21,888
                                                           --------------  --------------  -----------
Net Cash from Operations. . . . . . . . . . . . . . . . .        (22,355)        (25,852)    (264,951)
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. . .         18,286          12,926      164,469
Common stock issued for cash. . . . . . . . . . . . . . .              0               0      481,000
Contributed capital . . . . . . . . . . . . . . . . . . .          3,655          12,580       20,863
                                                           --------------  --------------  -----------
Net cash provided by financing activities . . . . . . . .         21,941          25,506      520,032
Net increase (decrease) in Cash . . . . . . . . . . . . .           (414)           (346)          81
Cash at beginning of period . . . . . . . . . . . . . . .            495           3,151            0
Cash as of Statement Date . . . . . . . . . . . . . . . .  $          81   $       2,805   $       81
                                                           ==============  ==============  ===========
</TABLE>

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

                                        6

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                                 March 31, 2001


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  March  31, 2001, 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.

                                        7


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.

     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.


               THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK

                                        8


                           PART II: OTHER INFORMATION

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  has  submitted  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.


                                   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.


May  8,  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

                                        9