U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

               [X] QUARTERLY REPORT UNDER SECTION 13 OR 15 (D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934
                  FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2000

                 [ ] Transition report under section 13 or 15(d)
                              of the Exchange Act.

                            COMMISSION FILE NUMBER 0-28603

                                VEDA CORPORATION
                     --------------------------------------
        (EXACT NAME OF SMALL BUSINESS ISSUER AS SPECIFIED IN ITS CHARTER)

                    DELAWARE                             95-4737510
                    --------                             ----------
         (STATE OR OTHER JURISDICTION OF              (I.R.S. EMPLOYER
          INCORPORATION OR ORGANIZATION)             IDENTIFICATION NO.)

              14724 VENTURA BLVD., FLOOR 2, SHERMAN OAKS, CA 91403
        ----------------------------------------------------------------
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

                                 (818) 971-5184
                                 --------------
                           (ISSUER'S TELEPHONE NUMBER)

     Check  whether  the issuer (1) filed all  reports  required  to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 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.

                         YES  X    NO
                             ---      ---

     As of May 8, 2000, there were 1,029,400 shares of Common Stock,  $0.001 par
value, of the issuer outstanding.

            Transitional Small Business Disclosure Format (check one)

                         YES       NO  X
                             ---      ---

<PAGE>


                                VEDA CORPORATION
                         (A DEVELOPMENT STAGE COMPANY)

                                      INDEX

         PART I. FINANCIAL INFORMATION                            PAGE NUMBER

           Item 1. Financial Statements

             BALANCE SHEET AS OF MARCH 31, 2000                        2

             STATEMENTS OF OPERATIONS FOR THE THREE MONTHS
             ENDED MARCH 31, 2000 AND FOR THE PERIOD FROM
             SEPTEMBER 15, 1998 (INCEPTION) TO MARCH 31, 2000          3


             STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS
             ENDED MARCH 31, 2000 AND FOR THE PERIOD FROM
             SEPTEMBER 15, 1998 (INCEPTION) TO MARCH 31, 2000          4

             NOTES TO FINANCIAL STATEMENTS                             5-7


           Item 2. Management's Discussion and Analysis of
                    Financial Condition and Results of Operations      8

         PART II. OTHER INFORMATION

           Item 6. Exhibits and Reports filed on Form 8-K              8

                        Signatures                                     9

                                       1

<PAGE>

PART I.   FINANCIAL INFORMATION

Item 1.   Financial Statements


                                VEDA CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                                 BALANCE SHEET


                                     ASSETS
                                                                  March 31,
                                             December 31,           2000
                                                1999             (Unaudited)
                                           ----------------    -------------

TOTAL ASSETS                             $           -       $      -
------------                               ================    =============


                 LIABILITIES AND STOCKHOLDERS' DEFICIENCY

LIABILITIES
  Loan payable - related party                         95            8,245
                                           ----------------    -------------

   TOTAL LIABILITIES                                   95            8,245
                                           ----------------    -------------

STOCKHOLDERS' DEFICIENCY

  Preferred stock, $.001 par value,
  8,000,000 shares  authorized, none
  issued and outstanding                             -                -
  Common stock, $.001 par value,
  100,000,000 shares  authorized,
  1,029,400 issued and outstanding                  1,029            1,029
  Accumulated deficit during
  development stage                                (1,124)          (9,274)
                                           ----------------    -------------

   TOTAL STOCKHOLDERS' DEFICIENCY                     (95)          (8,245)
                                           ----------------    -------------

TOTAL LIABILITIES AND STOCKHOLDERS'
----------------------------------
 DEFICIENCY                              $           -       $        -
-----------                                ================    =============



                See accompanying notes to financial statements.

                                       2

<PAGE>


                                VEDA CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF OPERATIONS
                                   (UNAUDITED)



                                          September 15,
                                              1998             For the Three
                                         (Inception) to        Months Ended
                                         March 31, 2000       March 31, 2000
                                         ----------------    ----------------

INCOME                                 $           -       $           -
                                         ----------------    ----------------

EXPENSES

  Accounting fees                                 2,500                2,000
  Bank service charge                                95                -
  Consulting fees                                    29                -
  Legal fees                                      3,500               3,000
  Office expense                                    750                 750
  Rent                                            2,400               2,400
                                         ----------------    ----------------

NET LOSS                               $         (9,274)             (8,150)
--------                                 ================    ================



NET LOSS PER SHARE - BASIC AND
DILUTED                                $        (0.0139)            (0.0079)
                                         ================    ================

WEIGHTED AVERAGE NUMBER OF SHARES
OUTSTANDING DURING THE PERIOD -
BASIC AND DILUTED                               667,055           1,029,400
                                         ================    ================








                See accompanying notes to financial statements.

                                       3

<PAGE>


                                VEDA CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)



                                              September 15,
                                                  1998            For the Three
                                             (Inception) To       Months Ended
                                             March 31, 2000      March 31, 2000
                                             ----------------   ---------------

CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                 $         (9,274)  $        (8,150)
  Adjustments to reconcile net loss to
  net cash used by  operating activities:
  Consulting services preformed for
  issuance of stock                                      29              -
                                             ----------------   ---------------

   Net cash used in operating activities             (9,245)           (8,150)
                                             ----------------   ---------------

CASH FLOWS FROM INVESTING ACTIVITIES:                  -                 -
                                             ----------------   ---------------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Loan payable - related party                        8,245             8,150
  Proceeds from issuance of common stock              1,000              -
                                             ----------------   ---------------

   Net cash provided by financing
   activities                                         9,245             8,150
                                             ----------------   ---------------

INCREASE IN CASH AND CASH EQUIVALENTS                  -                 -

CASH AND CASH EQUIVALENTS -
 BEGINNING OF PERIOD                                   -                 -
                                             ----------------   ---------------

CASH AND CASH EQUIVALENTS -
----------------------------
 END OF PERIOD                             $           -      $          -
--------------                               ================   ===============





                See accompanying notes to financial statements.

                                       4

<PAGE>


                                VEDA CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                              AS OF MARCH 31, 2000

NOTE 1     SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

           (A) Organization and Business Operations

           Veda  Corporation (a development  stage company) ("the  Company") was
           incorporated  in Delaware on September 15, 1998 to serve as a vehicle
           to effect a merger,  exchange of capital stock,  asset acquisition or
           other  business  combination  with  a  domestic  or  foreign  private
           business.  At March 31, 2000,  the Company had not yet  commenced any
           formal business  operations,  and all activity to date relates to the
           Company's formation and proposed fund raising.

           The Company's  ability to commence  operations is contingent upon its
           ability  to  identify a  prospective  target  business  and raise the
           capital it will require  through the  issuance of equity  securities,
           debt securities, bank borrowings or a combination thereof.

           (B) Basis of Presentation

           The accompanying unaudited financial statements have been prepared in
           accordance with generally  accepted  accounting  principles,  and the
           rules and  regulations of the Securities and Exchange  Commission for
           interim financial information.  Accordingly,  they do not include all
           the  information  necessary  for  a  comprehensive   presentation  of
           financial position and results of operations.

           It is  management's  opinion,  however that all material  adjustments
           (consisting of normal recurring adjustments) have been made which are
           necessary for a fair financial statements  presentation.  The results
           for the interim period are not necessarily  indicative of the results
           to be expected for the year.

           In addition, the accompanying financial statements do not include the
           statement  of  operations  or cash flows for the three  months  ended
           March 31, 1999 since the Company was inactive during this period.

           For  further  information,  refer  to the  financial  statements  and
           footnotes  included  the  Company's  Form  10-KSB  for the year ended
           December 31, 1999.

                                       5
<PAGE>

                                VEDA CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                              AS OF MARCH 31, 2000

           (C) Use of Estimates

           The  preparation  of the  financial  statements  in  conformity  with
           generally accepted accounting  principles requires management to make
           estimates and assumptions  that affect the reported amounts of assets
           and liabilities  and disclosure of contingent  assets and liabilities
           at the date of the financial  statements and the reported  amounts of
           revenues and expenses  during the reporting  period.  Actual  results
           could differ from those estimates.

           (D) Cash and Cash Equivalents

           For purposes of the  statement of cash flows,  the Company  considers
           all highly liquid investments  purchased with an original maturity of
           three months or less to be cash equivalents.

           (E) Income Taxes

           The Company accounts for income taxes under the Financial  Accounting
           Standards Board Statement of Financial  Accounting Standards No. 109,
           "Accounting for Income Taxes" ("Statement 109"). Under Statement 109,
           deferred tax assets and liabilities are recognized for the future tax
           consequences   attributable  to  differences  between  the  financial
           statement  carrying  amounts of existing  assets and  liabilities and
           their  respective tax basis.  Deferred tax assets and liabilities are
           measured  using enacted tax rates expected to apply to taxable income
           in the three months in which those temporary differences are expected
           to be  recovered  or  settled.  Under  Statement  109,  the effect on
           deferred  tax  assets  and  liabilities  of a change  in tax rates is
           recognized in income in the period that includes the enactment  date.
           There were no current or deferred  income tax expense or benefits due
           to the  Company  not having  any  material  operations  for the three
           months ended March 31, 2000.

           (F) Earnings Per Share

           Net loss per common  share for the three  months ended March 31, 2000
           and for the period from  September 15, 1998  (inception) to March 31,
           2000 is  computed  based  upon the  weighted  average  common  shares
           outstanding  as defined by  Financial  Accounting  Standards  No. 128
           "Earnings  Per  Share".   There  were  no  common  stock  equivalents
           outstanding at March 31, 2000.

                                       6
<PAGE>

                                VEDA CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                              AS OF MARCH 31, 2000

NOTE 2     LOAN PAYABLE - RELATED PARTY

           The loan  payable  -  related  party is a  non-interest-bearing  loan
           payable to  PageOne  Business  Productions,  LLC  arising  from funds
           advanced to the Company. The amount is due and payable upon demand.

NOTE 3     STOCKHOLDERS' DEFICIENCY

           The Company was  originally  authorized  to issue  100,000  shares of
           preferred   stock  at  $.01  par  value,   with  such   designations,
           preferences,  limitations  and relative  rights as may be  determined
           from time to time by the Board of directors.  It was also  originally
           authorized  to issue  10,000,000  shares of common stock at $.001 par
           value.

           The Company  issued  914,700 and 114,700  common  shares to Appletree
           Investment  Company,  Ltd.  and PageOne  Business  Productions,  LLC,
           respectively.  No  preferred  shares have been issued as of March 31,
           2000.

           Management  filed a restated  certificate of  incorporation  with the
           State of  Delaware  in June of 1999  which  increased  the  number of
           authorized  common  shares to  100,000,000,  increased  the number of
           authorized  preferred shares to 8,000,000 and decreased the par value
           of the preferred shares to $.001 per share.

           The financial  statements at March 31, 2000 give effect to common and
           preferred  stock  amounts and par values  enumerated  in the restated
           certificate of incorporation.

NOTE 4     GOING CONCERN

           As reflected in the accompanying  financial  statements,  the Company
           has had  accumulated  losses of  $9,274  since  inception,  a working
           capital  deficiency of $8,245 and has not generated any revenue since
           it has yet to implement its business plan. The ability of the Company
           to continue as a going concern is dependent on the Company's  ability
           to raise  additional  capital and  implement its business  plan.  The
           financial  statements  do not include any  adjustments  that might be
           necessary if the Company is unable to continue as a going concern.

           The Company  intends to implement  its  business  plan and is seeking
           funding  through  the  private   placement  of  its  equity  or  debt
           securities or may seek a  combination  with another  company  already
           engaged in its proposed  business.  Management  believes that actions
           presently  being  taken  provide the  opportunity  for the Company to
           continue as a going concern.

                                       7

<PAGE>

Item 2.   Management's Discussion and Analysis of Financial Condition
          and Results of Operations

     The following  discussion  and analysis below should be read in conjunction
with the financial statements,  including the notes thereto, appearing elsewhere
in this report.

     The Company  was formed on  September  15,  1998 and is in the  development
stage. To date, the Company has not conducted any business operations or had any
sales revenue.  To accomplish its business  objectives,  the Company  intends to
locate  and  enter  into  strategic   business   combinations  in  the  internet
telecommunications industry.


Liquidity and Capital Resources
-------------------------------
     The Company currently  believes that it has adequate cash resources to fund
current  operations.  There can be no  assurance,  however,  that the  Company's
actual  capital needs will not exceed  anticipated  levels,  or that the Company
will generate sufficient revenues to fund its operations in the absence of other
sources.  Operating  costs for the  current  period were funded by a loan from a
stockholder.

     The Company  remains in the  development  stage and, since  inception,  has
experienced  no  significant   change  in  liquidity  or  capital  resources  or
stockholders'  equity other than the receipt of proceeds in the amount of $1,000
from the offer and sale of its Common Stock and $8.245 of cash  advances  from a
stockholder.  The Company had a working capital deficiency of $8,245 as of March
31,  2000.  Substantially  all of such  funds  have  been  used to pay  expenses
incurred by the Company.

     Since its organization,  VEDA has satisfied its cash  requirements  through
sales of Common Stock and cash advances from its stockholders.

Results of Operations
---------------------
     During the period from September 15, 1998 (inception)  through March 31,
2000,  the  Company  has  engaged  in  no  significant   operations  other  than
organization activities, acquisition of capital and preparation for registration
of its  securities  under the  Securities  Exchange Act of 1934, as amended (the
"'34 Act"). No revenues were received by the Company during this period. For the
period from  September  15, 1998  (inception)  through  March 31,  2000,  the
Company has $0 assets, and has generated a net loss of ($9,274).

PART II   OTHER INFORMATION

Item 6. Exhibits and Reports filed on Form 8-K

       (a)      Exhibits

       Exhibit No.     Description
       ----------      -----------
           27          Financial Data Schedule


       (b)      Reports on Form 8-K

                    None.




                                        8

<PAGE>


                                   SIGNATURES
                                   ----------

     In accordance with the requirements of the Securities Exchange Act of 1934,
the registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

                                        VEDA CORPORATION
                                        ----------------
                                        Registrant


 May 15, 2000                      By:      /s/ James Walters
 ------------                           --------------------------------
                                             James Walters
                                             Chief Financial Officer
                                             (Principal Financial Officer)





                                        9
<PAGE>


                                  EXHIBIT INDEX


Exhibit No.                Description
----------                 -----------
    27                     Financial Data Schedule