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

                                  FORM 10-QSB

                        Commission File Number: 000-28881

                    For the Third Quarter ended June 30, 2001

                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

As  of  June  30,  2001,  14,810,000  shares  of  Common  Stock  were issued and
outstanding.


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

                                        1


     PART  I:  FINANCIAL  INFORMATION

ITEM  1.  FINANCIAL  STATEMENTS.

     The  financial  statements, for the three months and nine months ended June
30,  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.

     The  Remainder  of  this  Page  is  Intentionally  left  Blank

                                        2


                        OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                                   BALANCE SHEET (UNAUDITED)
                          for the fiscal year ended September 30, 2000
                               and the period ended June 30, 2001
<TABLE>
<CAPTION>
                                                          June 30,    September 30,
                                                           2001           2000
                                                        (Unaudited)
<S>                                                     <C>           <C>
                                                        ASSETS
CURRENT ASSETS
Cash . . . . . . . . . . . . . . . . . . . . . . . . .  $        81   $     495
                                                        ------------  ----------
TOTAL CURRENT ASSETS . . . . . . . . . . . . . . . . .           81         495
OTHER ASSETS
Note receivable. . . . . . . . . . . . . . . . . . . .      136,558     127,030
Investments. . . . . . . . . . . . . . . . . . . . . .      240,338     143,437
                                                        ------------  ----------
TOTAL OTHER ASSETS . . . . . . . . . . . . . . . . . .      376,896     270,467
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . .  $   376,977   $ 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) . . . .        7,551    (111,563)
Accumulated Equity (Deficit) . . . . . . . . . . . . .     (262,494)   (215,566)
                                                        ------------  ----------
Total Stockholders' Equity . . . . . . . . . . . . . .      200,620     124,779
                                                        ------------  ----------
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY . . . . . . .  $   376,977   $ 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)
                             June 30, 2000 and 2001

<TABLE>
<CAPTION>
                                                                                           From
                                                                                         Inception
                                                                                             on
                                 From April    From April   From October  From October    April 9,
                                 1, 2001 to   1, 2000 to    1, 2000 to    1, 1999 to   1998 through
                                  June 30,      June 30,     June 30,      June 30,      June 30,
                                   2001          2000          2001          2000          2001
                               ------------  ------------  ------------  ------------  ------------
<S>                            <C>           <C>           <C>           <C>           <C>
  Revenues. . . . . . . . . .  $       -0-   $       -0-   $       -0-   $       -0-   $       -0-
                               ------------  ------------  ------------  ------------  ------------
  General and administrative.        8,687         9,896        46,578        25,852       262,144
  Net Income (Loss) . . . . .  $    (8,687)  $    (9,896)  $   (46,578)  $   (25,852)  $  (262,144)
                               ============  ============  ============  ============  ============

  Other income (expense)
  Impairment Loss . . . . . .                                                             (168,430)
  Holding gain on securities
    available-for-sale. . . .     (188,412)      137,813        96,901       137,813        96,901
  Interest expense. . . . . .       (3,145)       (3,145)       (9,435)       (9,435)      (26,643)
  Interest income . . . . . .        2,887         2,887         8,661         8,661        45,094
                               ------------  ------------  ------------  ------------  ------------
  Net Profit (Loss) . . . . .     (197,357)      127,659        49,549       111,187      (315,222)
  Gain (Loss) per Share . . .  $     (0.01)  $      0.01   $      0.00   $      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 FORTH MOVIE PROJECT, INC.
                                 STATEMENTS OF CASH FLOW (UNAUDITED)
                     for the fiscal years ended September 30, 1998 through 2000
                            and the nine months ended June 30, 2001
<TABLE>
<CAPTION>
                                                                                From inception on
                                                               For the nine       April 9,1998
                                                                months ended         through
                                                                   June 30,          June 30,
                                                              2001        2000        2001
                                                           ----------  ----------  ----------
<S>                                                        <C>         <C>         <C>
Operating Activities

Net Income (Loss) . . . . . . . . . . . . . . . . . . . .  $ (46,578)  $ (25,852)  $(262,144)
(Increase) in interest receivable . . . . . . . . . . . .     (8,661)                (35,691)
Increase in accounts payable. . . . . . . . . . . . . . .     32,884                  32,884
                                                          -----------------------------------

Net Cash from Operations. . . . . . . . . . . . . . . . .    (22,355)    (25,852)   (264,951)

Cash flows from investing activities

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

Net cash (used) by investing activities . . . . . . . . .          0                (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. . .     18,286      12,926     125,800
Common stock issued for cash. . . . . . . . . . . . . . .    481,000
Contributed capital . . . . . . . . . . . . . . . . . . .      3,655      12,580       4,628
                                                           ----------------------------------
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.

                                        5


                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                                  June 30, 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  June  30,  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.

                                        6


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


 (A)  PLAN OF OPERATION FOR THE NEXT TWELVE MONTHS(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
foreseeable  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.

     We are looking at the acquisition of a small library of adult entertainment
productions  and  evaluating  their  potential  for  marketing  by  us.

     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(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, auditing expense, and expenses in
connection  with  our  OTCBB  (Over-The-Counter  Bulletin  Board)  submission.

     PART  II:  OTHER  INFORMATION

ITEM  1.  LEGAL  PROCEEDINGS1.  LEGAL  PROCEDINGS.  None

ITEM  2.  CHANGES  IN  SECURITIES2.  CHANGES  IN  SECURITIES.  None

ITEM  3.  DEFAULTS  ON  SENIOR  SECURITIES3. DEFAULTS ON SENIOR SECURITIES. None

ITEM  4.  SUBMISSION  OF  MATTERS  TO  VOTE  OF SECURITY HOLDERS4. SUBMISSION OF
MATTERS  TO  VOTE  OF  SECURITY  HOLDERS.  None

ITEM  5.  OTHER  INFORMATION5.  OTHER  INFORMATION.  None

ITEM  6.  EXHIBITS  AND  REPORTS ON FORM 8-K6. EXHIBITS AND REPORTS ON FORM 8-K.
None

                                        7


                                   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.


August  17,  2001


     OASIS  ENTERTAINMENT'S  FOURTH  MOVIE  PROJECT,  INC.

                                       by

 /s/J.  Dan  Sifford           /s/Karl  E.  Rodriguez
    J.  Dan  Sifford              Karl  E.  Rodriguez
    President/Director            General  Counsel/Director

                                        8