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 September 30, 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  September 30, 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-FQ3) for the nine
months  ended  September  30,  2000.



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


 (A)  STATUS  OF  OUR  FORM  10-SB.  We  filed  a 1934 Act Registration which is
currently  effective. That 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  National Association of Securities Dealers for submission
for  quotation on the Over the Counter Bulletin Board, often called "OTCBB". Our
common  stock  is  presently  quoted  on  the  OTCBB  under the symbol DPCI. 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.

 (B)  HISTORY  AND  RENEWAL  OF  OUR  BUSINESS  PLAN.  This  Corporation  ("the
Registrant",  "we",  "our" and "us") was duly incorporated in Nevada on December
18, 1997, as DP Charters, Inc., with the intention of initiating a charter yacht
service from the Dana Point Harbor, Orange County, California. We later expanded
our  business  plan  to  include the organization of scuba dive tours at various
world  locations.

     During  October,  November  and  December  of  1997, the conceptual idea of
establishing a charter boat operation in Southern California was discussed among
Management,  and  with various friends and acquaintances. The decision to form a
company  to be funded by those in discussion was taken, based upon the expressed
desire  of  the founders to fund the Registrant initially, pursuant to a private
placement  in  reliance  on  Rule  504.  The  formal  funding  by  founders  was
memorialized  about  January  of  1998.

     Specifically,  20,000,000  shares were issued at par value to the Principal
Shareholder,  pursuant  to Section 4(2) of the Securities Act of 1933. 6,400,000
shares  (with  warrants)  were placed among 19 accredited investors, pursuant to
Regulation  D,  Rule 504, promulgated by the Commission pursuant to Section 3(b)
of  the  1933 Act. All warrants have expired or been cancelled and are no longer
of  any  further  force  or effect. Thereafter, in January and April 1999, 6,000
shares  and 1,250,000 shares, respectively, were placed pursuant to Rule 504, in
each  case  to  a  single  sophisticated and knowledgeable investor. Each of the
foregoing  issuances  were  made,  where applicable, to specific exemptions from
registration  pursuant  to  State  law.

     We  had  ambitious plans, at that time, to network through travel agencies,
upon observing that none of the notable competitors were so networked. Our plans
included  the  development  of  networking with firms marketing tour packages or
tour  clubs  and firms which could utilize our charter services as a value-added
supplement to their Southern California operations. Emphasis was to be placed on
identifying  easy access to Dana Point Harbor, twenty minutes from Orange County
Airport,  one  hour  from  San  Diego  Airport or from Los Angeles International
Airport.  Arrangements  with Dana Point were investigated and the feasibility of
its use determined. Management further planned to make its services known to the
American  Association of Retired Persons, which organization accounts for nearly
500,000  members  touring  Southern California during the off-season. Plans were
made to join the Dana Point Chamber of Commerce, which would provide a cost-free
listing  in  the  California  tourism  magazine  and information data-base, with
circulation  of  just  under  one  million  copies in six counties and automatic
posting  with  all  major  hotels throughout the State of California. Plans were

                                        2
<PAGE>

made  for  an  Internet  web-page,  linked to that of the  Dana Point Chamber of
Commerce.

     All  of  these  intentions,  and  the  best  laid plans of Management, were
dependant,  however,  upon  securing  boats  and/or participating boat owners or
providers,  so  that  the  services  could  be  offered.

     On  or  about  March  5,  1998  and continuing through September, tentative
arrangements  were reached to acquire boats from a provider in Norway, which had
acquired them in foreclosure of a lien, but had no profitable operation in which
to use them. The concept was to acquire the boats for stock, but the arrangement
called  for  our  common  stock  achieving  acceptance  for quotation on the OTC
Bulletin Board. During 1998, we paid a consulting fee to the Norwegian group for
a  joint  marketing, advertising and referral program to bring northern European
tourists to Southern California's sport fishing market. During 1998 arrangements
were  made  with  scuba  diving  tour  group  leaders in Florida and Mexico, for
possible  dive  tours  in the Florida Keys, the Great Barrier Reef of Australia,
the  Island  of  Cozumel  off  the Yucatan Peninsula of Mexico, and the seas off
Egypt.

     By  the  end  of  June,  1998,  our current unaudited financial statements,
indicated  a  net  loss  from  operations  of  $155,544.00, $102,470.00 of which
represented  consulting  fees  directed to Norway. Our ability to launch was yet
dependent  upon  OTC  Bulletin  Board  acceptance, and comments between the NASD
Staff  and  NASD  submitting members were on-going. Delay due to NASD Commenting
period  for start-up companies was not deemed unusual by management, but shortly
before  the  review  of the last set of Comments, the NASD changed its rules for
acceptability  for  new  applicant  submitters  to  the effect that the class of
common  stock  to  be  quoted  must  have  been  registered under the Securities
Exchange  Act of 1934 Act, or we must have made an offering under the Securities
Act  of 1933, such that the applicant have a Commission file number and actually
file  and remain current in filing its financial statements with the Commission,
and  be  accessible  to the public. Accordingly, the NASD responded to the final
set of Comments by qualifying our common stock for quotation on the Pink Sheets,
but  not  on  the  OTCBB.

     As  a  result of the poor timing of events, from our point of view, we were
unable  to consummate the acquisition of the boats and was forced to abandon its
original  business  plan.  After some unsuccessful efforts to launch operations,
the  original  business  plan was abandoned, on or about May 15, 1999. From that
date, until about June 30, 2000, we remained dormant without direction as to our
business  plan,  and  concentrated on Registering our common stock under section
12(g)  of  the  Securities  Exchange  Act  of  1934.

     During  late  June,  of  this  year,  our  management  began evaluating the
possibility  of renewing our original business plan, to initiate a charter yacht
service from the Dana Point Harbor, Orange County, California. We later expanded
its  business  plan  to  include the organization of scuba dive tours at various
world  locations, rather than to seek a business combination by way of merger or
reverse  acquisition.

     We  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,
our  business  plan  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  our  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 present
condition.

                                        3
<PAGE>

     During  late  June,  of  this  year,  our  management  began evaluating the
possibility  of renewing our original business plan, to initiate a charter yacht
service  from  the  Dana  Point  Harbor,  Orange  County,  California,  and  the
organization of scuba dive tours at various world locations, rather than to seek
a  business  combination  by way of merger or reverse acquisition. A decision by
management is expected in October of this year, definitively, whether to proceed
with  such  renewal.

 (C)  PLAN  OF  OPERATION  FOR  THE  NEXT  TWELVE MONTHS. We will now pursue our
original  business plan, to initiate a charter yacht service from the Dana Point
Harbor,  Orange  County, California, and the organization of scuba dive tours at
various  world  locations,  rather than to seek a business combination by way of
merger  or  reverse  acquisition,  or  its  default  plan to seek an acquisition
partner. Our plan to renew or business plan may fail. We are not ready to search
for  or  to consider any specific acquisition target. The reason for this is our
inclination  to  try  to  renew  and resurrect our original business plan first.

     The  process  of  renewing  our  original business plan is not conceptually
difficult,  but  may  be somewhat more expensive that our original arrangements,
for  the reason that the acquisition of boats may not be achievable on the terms
originally  arranged. We had made tentative arrangements to acquire boats from a
provider in Norway, which had acquired them in foreclosure of a lien, but had no
profitable  operation in which to use them. The concept was to acquire the boats
for  stock, but the arrangement called for our common stock achieving acceptance
for  quotation  on the OTC Bulletin Board. It is possible that we may be able to
acquire  boats  for  stock on substantially similar arrangements. It is possible
and  forseeable  that  some or all cash, or secured notes may be the only way we
can  acquire  boats  now.

      During  1998,  we  paid  a consulting fee to a Norwegian group for a joint
marketing,  advertising and referral program to bring northern European tourists
to  Southern  California's  sport  fishing market. During 1998 arrangements were
made  with  scuba  diving tour group leaders in Florida and Mexico, for possible
dive  tours in the Florida Keys, the Great Barrier Reef of Australia, the Island
of  Cozumel  off  the Yucatan Peninsula of Mexico, and the seas off Egypt. These
arrangements  are  deemed  viable  for  renewal.

     Management had determined that to renew our business plan, we would need to
develop  new  supplemental funding of approximately $250,000. We are now engaged
in  discussions  with  our  existing  shareholders  and other investors known to
management  to be regular investors in start-up ventures, to determine potential
interest  in  funding  a  renewal  of  our  program.

 (D)  DISCUSSION  AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
The  financial  statements for the nine months ended September 30, 2000, reflect
minimal  changes  and  no  substantial corporate activity. No revenues have been
recorded.  Legal  and  professional  expenses  were  incurred  this  quarter, in
connection with our continuing efforts to complete our 1934 act registration. We
have  no  other  operating  expenses  to  disclose, and none other were incurred
during  the  last  nine  months.  There  has  been  no substantial change in our
financial  condition  or results of operations this quarter. First we illustrate
with  the  following  tables,  then  we  provide  some  discussion  .

                                        4
<PAGE>

<TABLE>
<CAPTION>
<S>                   <C>       <C>       <C>
Balance Sheet. . . .   9/30/00   6/30/00   12/31/99
---------------------------------------------------
Cash . . . . . . . .  $    996  $    996  $     996
---------------------------------------------------
Accounts Receivable.    10,000    10,000     10,000
---------------------------------------------------
Total Assets . . . .    10,996    73,996    134,195
---------------------------------------------------
Accounts Payable . .    35,899    22,734       0.00
---------------------------------------------------
Shareholder Advances    10,000    10,000     10,000
---------------------------------------------------
Total Liabilities. .    45,899    32,734     10,000
---------------------------------------------------
</TABLE>



     There  is  no  substantial  change  in  our  condition.

<TABLE>
<CAPTION>
<S>                           <C>                   <C>                     <C>        <C>
Operations . . . . . . . .                       .  April 1 to June 30    January 1 to June 30
June 30
Three Months and Six Months                 2000                    1999       2000       1999
------------------------------------------------------------------------------------------------
Revenues:. . . . . . . . . .  $                 0   $                   0   $      0   $      0
------------------------------------------------------------------------------------------------
 Total Revenues. . . . . . .                    0                       0          0          0
------------------------------------------------------------------------------------------------
Expenses:
(General and administrative)              (16,502)                (15,000)   (22,734)   (22,325)
------------------------------------------------------------------------------------------------
 Total Expenses. . . . . . .              (16,502)                (15,000)   (22,734)   (22,325)
------------------------------------------------------------------------------------------------
Net Loss . . . . . . . . . .              (16,502)                (15,000)   (22,734)   (22,325)
------------------------------------------------------------------------------------------------
</TABLE>


<TABLE>
<CAPTION>
<S>                            <C>                       <C>                          <C>            <C>
Operations. . . . . . . . . .                            July 1 to September 30    January 1 to September 30
September 30
Three Months and Nine Months
                                                  2000                         1999       2000       1999
------------------------------------------------------------------------------------------------------------
Revenues: . . . . . . . . . .  $                 5,000   $                        0   $  5,000   $      0
------------------------------------------------------------------------------------------------------------
 Total Revenues . . . . . . .                    5,000                            0      5,000          0
------------------------------------------------------------------------------------------------------------
Expenses:
(General and administrative).                  (18,165)                     (15,000)   (40,899)   (22,325)
------------------------------------------------------------------------------------------------------------
 Total Expenses . . . . . . .                  (18,165)                     (15,000)   (40,899)   (22,325)
------------------------------------------------------------------------------------------------------------
Net Loss. . . . . . . . . . .                  (13,165)                     (15,000)   (35,899)   (22,325)
------------------------------------------------------------------------------------------------------------
</TABLE>



     We enjoyed some incidental revenues in the nature of consulting fees. These
revenues  do  not  reflect  our  principal  intended  operations  and provide no
indication  of  future  results.

     Our  current  expenses  are  primarily  legal  and  professional  costs
necessitated  by  our  current  filing  requirements  pursuant to the Securities
Exchange  Act  of  1934.

                                        5
<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

     Mr.  Sifford,  one of our officers and directors filed a voluntary petition
in  Bankruptcy  (Chapter  13)  on  October  2,  2000.


                    ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

     On  or  about  August 25, 2000, we announced that our 1934 Act Registration
was  clear  of  SEC  comments.

                                  EXHIBIT INDEX

                       FINANCIAL STATEMENTS AND DOCUMENTS
               FURNISHED AS A PART OF THIS REGISTRATION STATEMENT

     Exhibit  00-FQ3: Financial Statements (Un-Audited) for the three months and
nine  months  ended  September  30,  2000

                                   SIGNATURES

     Pursuant  to  the requirements of the Securities Exchange Act of 1934, this
Form 10-Q Report for the Quarter ended September 30, 2000, has been signed below
by  the  following person on behalf of the Registrant and in the capacity and on
September  30,  2000  as  indicated.

Dated:  October  12,  2000

                                DP CHARTERS, INC.
                                       by
/S/Kirt W. James             /S/J. Dan Sifford, Jr.
   Kirt  W.  James              J.  Dan  Sifford,  Jr.
   president/director           secretary/director

                                        6
<PAGE>

--------------------------------------------------------------------------------
                                 EXHIBIT 00-FQ3

                         UN-AUDITED FINANCIAL STATEMENTS
                  FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000
--------------------------------------------------------------------------------

                                        7
<PAGE>

                                DP CHARTERS, INC.
                            BALANCE SHEET (UNAUDITED)
                   For the fiscal year ended December 31, 1999
                  And the nine months ended September 30, 2000

<TABLE>
<CAPTION>
<S>                                                     <C>              <C>
                                                             September 30,    December 31,
                                                                  2000           1999
---------------------------------------------------------------------------------------
                                                             (Unaudited)
ASSETS

CURRENT ASSETS
Cash . . . . . . . . . . . . . . . . . . . . . . . . .  $          996   $         996
TOTAL CURRENT ASSETS . . . . . . . . . . . . . . . . .             996             996
---------------------------------------------------------------------------------------
OTHER ASSETS

Accounts receivable. . . . . . . . . . . . . . . . . .          10,000          10,000

TOTAL OTHER ASSETS . . . . . . . . . . . . . . . . . .          10,000          10,000
---------------------------------------------------------------------------------------
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . .  $       10,996   $      10,996
=======================================================================================
LIABILITIES & STOCKHOLDERS' EQUITY

LIABILITIES
Accounts payable . . . . . . . . . . . . . . . . . . .  $       35,899   $           0
Advance from shareholder . . . . . . . . . . . . . . .          10,000          10,000
---------------------------------------------------------------------------------------
TOTAL LIABILITIES. . . . . . . . . . . . . . . . . . .  $       45,899   $      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) . . . . . . . . . . . . .        (268,003)       (232,104)
---------------------------------------------------------------------------------------
Total Stockholders' Equity . . . . . . . . . . . . . .         (34,903)            996
---------------------------------------------------------------------------------------
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY . . . . . . .  $       10,996   $      10,996
=======================================================================================
</TABLE>

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

                                        8
<PAGE>

                                DP CHARTERS, INC.
                      STATEMENTS OF OPERATIONS (UNAUDITED)
                           September 30, 1999 and 2000

<TABLE>
<CAPTION>
<S>                        <C>              <C>              <C>              <C>              <C>
                                                                                                        From
                                                                                                    Inception on
                                  From July        From July        From January     From January     March 26,
                                 1, 2000 to.       1, 1999 to       1, 2000 to       1, 1999 to     1999 through
                                September 30,      September 30,    September 30,    September 30,  September 30,
                                     2000             1999             2000              1999           2000
-----------------------------------------------------------------------------------------------------------
Revenues. . . . . . . . .  $        5,000              -0-   $        5,000              -0-   $     5,000
-----------------------------------------------------------------------------------------------------------
Net Loss from Operations.          18,165           15,000           40,899           22,325       272,403
===========================================================================================================
Net Income (Loss) . . . .        ($13,165)        ($15,000)        ($35,899)        ($22,325)    ($267,403)
===========================================================================================================
Loss per Share. . . . . .  $      0.00048   $      0.00055   $      0.00130   $      0.00082   $   0.01036
===========================================================================================================
Weighted Average
    Shares Outstanding. .      27,656,000       27,342,150       27,656,000       27,342,150    25,814,915
===========================================================================================================
</TABLE>

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

                                        9
<PAGE>

                                DP CHARTERS, INC.
                       STATEMENTS OF CASH FLOW (UNAUDITED)
                      For the year ended December 31, 1999
                And the periods ended September 30, 1999 and 2000

<TABLE>
<CAPTION>
<S>                                             <C>             <C>        <C>
                                                From
                                                Inception on
                                                December 18,
      1997 through
      September 30,
                                                         2000       1999        2000
-------------------------------------------------------------------------------------
Operating Activities

Revenues . . . . . . . . . . . . . . . . . . .  $       5,000   $      0   $   5,000
Net Income (Loss). . . . . . . . . . . . . . .        (35,899)   (22,325)   (267,403)
Less items not effecting cash:
shares issued for services . . . . . . . . . .              0          0      12,500
organization costs . . . . . . . . . . . . . .              0     16,000      20,000
Increase in payables . . . . . . . . . . . . .         35,899          0      35,899
-------------------------------------------------------------------------------------
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>

                                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 years ended December 31, 1998 and 1999
                And for the nine months ended September 30, 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       (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
     September 30, 2000. . . . .           0             0              0      (35,899)                 0
----------------------------------------------------------------------------------------------------------
Balance at September 30, 2000. .  27,656,000  $     27,656  $     205,444    ($268,003)          ($34,903)
==========================================================================================================
</TABLE>

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

                                       11
<PAGE>

                               D P CHARTERS, INC.
                          (a Development Stage Company)
                        Notes to The Financial Statements
       December 31, 1999 and the periods ended September 30, 1999 and 2000


NOTES  TO  FINANCIAL  STATEMENTS

D  P  Charters,  Inc.,  ("the  Company")  has  elected to omit substantially all
footnotes  to  the  financial statements for the nine months ended September 30,
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 December 31, 1999.

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
<PAGE>