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                        SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C.  20549

                                  Form 10-KSB
(Mark One)
[ X]     Annual report pursuant to section 13 or 15(d) of the Securities
         Exchange Act of 1934 [Fee Required] for the fiscal year
         ended December 31, 1999, or

[   ]    Transition report pursuant to section 13 or 15(d) of the Securities
         Exchange Act of 1934 [No Fee Required] for the transition period
         from              to

                        Cimarron-Grandview Group, Inc.
               (Exact name of registrant as specified in its charter)

      State of Washington                                   91-0239195
(State or other jurisdiction                            (I.R.S. Employer
of incorporation or organization)                       Identification No.)

   601 West Main Avenue, Suite 714


         Spokane, Washington                                   99201-0677
(Address of principal executive offices)                       (Zip Code)

(Registrant's telephone number, including area code)          509-455-9077

Securities registered under Section 12(b) of the Exchange Act:

                                              Name of each exchange
Title of each class                           on which registered

      None                                          None

Securities registered under Section 12(g) of the Exchange Act:  None

Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 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

Check if there is no disclosure of delinquent filers in response to
Item 405 of Regulation S-B is not contained in this form, and no
disclosure will  be contained, to the best of registrant's knowledge,
in definitive proxy or information statements incorporated by reference
in Part III of this Form 10-KSB or any amendment to this Form 10-KSB. (X)

State issuer's revenues for its most recent fiscal year.   $5,509.

State the aggregate market value of the voting and non-voting common equity
held by non-affiliates computed by reference to the price at which the
common equity was sold, or the average bid and asked price of such common
equity, as of a specified date within 60 days.  (See definition of
affiliate in Rule 12b-2 of the Exchange Act.) [Amended in release
No. 33-7419 (85,938), effective June 13, 1997, 62 F.R.  6387.]       $0.00





<PAGE>


Note:  If determining whether a person is an affiliate will involve
an unreasonable effort and expense, the issuer may calculate the

aggregate market value of the common equity held by non-affiliates on
the basis of reasonable assumptions, if the assumptions are stated.

(ISSUERS INVOLVED IN BANKRUPTCY PROCEEDING DURING THE PAST FIVE YEARS)

Check whether the issuer has filed all documents and reports required
to be filed by Section 12, 13, or 15(d) of the Exchange Act after the
distribution of securities under a plan confirmed by a court.

  Yes       No          Not Applicable

(APPLICABLE ONLY TO CORPORATE REGISTRANTS)

State the number of shares outstanding of each of the issuer's classes
 of common equity, as of the latest practicable date.   16,862,792

DOCUMENTS INCORPORATED BY REFERENCE

If the following documents are incorporated by reference, briefly
describe them and identify the part of the Form 10-KSB (e.g., Part I,
Part II, etc.) into which the document is incorporated:  (1)  any annual
 report to security holders; (2)  any proxy or information statement;
and (3)  any prospectus filed pursuant to Rule 424(b) or (c) of the
Securities Act of 1933 ("Securities Act").  The list documents should
be clearly described for identification purposes (e.g., annual report
to security holders for fiscal year ended December 24, 1990).    None

Transitional Small Business Disclosure Format (check one):  Yes    No  X

Total Pages:  20


***************************************************************************




























<PAGE>


                                     PART I

ITEM  1.     DESCRIPTION  OF  BUSINESS

(A)     BUSINESS  DEVELOPMENT

The  Registrant  was   incorporated  in  the  State  of    Washington  in  1927.
Historically,  the  Registrant  was engaged in the mineral exploration business.
Although  the  Company  currently holds interests in several mineral exploration
properties,  the  Registrant  currently  has  no  active  business  operations.

The  Registrant  is  currently  seeking  to  acquire  an  interest in a business
opportunity.  Due to the Registrant's limited assets, it is anticipated that any
such acquisition would be a "reverse take-over" accomplished through a merger or
share  exchange.  In  such  event,  the Registrant's existing shareholders would
likely  become  minority shareholders in the surviving entity. The Registrant is
currently  evaluating  acquisition  opportunities.

(B)     BUSINESS  OF  ISSUER

The  Registrant  has  no active business operations. The Registrant is currently
seeking  to  acquire  an  interest  in  a  business  opportunity.

The  Registrant  currently holds interests in several mineral properties. Mining
related  activities  are  subject  to  extensive  federal,  state and local laws
governing  the  protection   of  the   environment,  prospecting,   development,
production,  taxes,  labor  standards,  occupational  health, mine safety, toxic
substances  and  other  matters.  The costs associated with compliance with such
regulatory  requirements  are  substantial  and  possible future legislation and
regulations   could  cause   additional  expense,  capital   expenditures,   and
restrictions,  the  extent of which cannot be predicted. Although the Registrant
believes  it  and  its  properties  are  in  compliance with applicable laws and
regulations,  amendments  to  current  laws  and  regulations-the more stringent
implementation  thereof  or  the  adoption  of  new laws-could have a materially
adverse  impact  upon  the  Registrant.

The  Registrant  currently  has  no  employees.

(C)     REPORTS  TO  SECURITY  HOLDERS

You  may  read  and  copy  any  materials filed with the SEC at the SEC's Public
Reference  Room  at  450  Fifth  Street,  N. W., Washington, D.C. 20549. You may
obtain  information on the operation of the Public Reference Room by calling the
SEC at 1 (800) SEC-0330. The SEC maintains an Internet site (http://www.sec.gov)
that  contains  reports,  proxy and information statements and other information
regarding  the  Company  that  is  filed  electronically  with  the  SEC.

ITEM  2.     DESCRIPTION  OF  PROPERTY

The  Company has no offices or facilities.  The Company's activities are carried
out  from  the  office  of  one  of  its  officers  and  directors.

The  Registrant  owns  6,130  acres  of  patented mineral rights and 38 acres of
surface  and  mineral  rights in Stevens County, Washington.  There are no known
mineral  reserves  on  the Registrant's properties and no mineral exploration is
being  conducted  on  the  properties.




<PAGE>

ITEM  3.     LEGAL  PROCEEDINGS

Neither  the  Registrant  nor  any  of  its  property is subject to any material
pending  legal  proceedings.

ITEM  4     SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

No  matter was submitted during the fourth quarter of the fiscal year covered by
this  report  to a vote of security holders, through the solicitation of proxies
or  otherwise.

                                     PART II

ITEM  5.     MARKET  FOR  COMMON  EQUITY  AND  RELATED STOCKHOLDER  MATTERS

(A)     MARKET  INFORMATION

There  is  no  established  public  trading  market  for the Registrant's common
equity.  There has been no market nor reported quote for the Registrant's common
equity  for  the  past  two  fiscal  years  and  to  the  date  of  this filing.

(B)     HOLDERS

There  are  approximately 2,800 holders of the Registrant's common equity at the
date  hereof.

(C)     DIVIDENDS

To  the  management's knowledge, the Registrant has never paid a dividend. There
is  no  plan  to  pay  dividends  for  the  foreseeable  future.

(D)     UNREGISTERED  SALES

During  fiscal  year  ended December 31, 1999 each of the three Directors of the
Registrant  received  a  restricted  stock grant of 50,000 shares.  In February,
1999  the Company issued 400,000 shares to a director. The shares were issued at
a  price  of  $.005 per share. Payment was made by a nonrecourse promissory note
secured by the shares of stock issued. In March, 1999 the Company sold 8,431,538
shares  of restricted stock to an unaffiliated individual for an aggregate sales
price  of $100,000. No fees or commissions were paid in connection with the sale
of  these  shares.  All  of the foregoing shares of restricted stock were issued
pursuant  to a Section 4(2) exemption from registration under the Securities Act
of  1933,  as  amended.

ITEM  6.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN
             OF  OPERATION

PLAN  OF  OPERATION

Historically,  the  Company  has been engaged in mineral exploration activities.
Exploration  for  commercially  minable  ore  deposits is highly speculative and
involves  risks  greater than those involved in the discovery of mineralization.
Mining   companies   use  the  evaluation  work  of   professional   geologists,
geophysicists,  and engineers in determining whether to acquire an interest in a
specific  property,  or  whether  or  not to commence exploration or development
work.  These  professionals  are  not  always  scientifically exact, and in some
instances  result  in  the  expenditure  of  substantial  amounts  of money on a
property  before  it  is possible to make a final determination as to whether or
not  the  property  contains  economically  minable  ore  bodies.  The  economic


<PAGE>
viability of a property cannot be finally determined until extensive exploration
and  development  work,  plus  a  detailed  economic feasibility study, has been
performed.  Also,  the  market prices for mineralization produced are subject to
fluctuation  and uncertainty, which may negatively affect the economic viability
of  properties  on  which  expenditures  have  been  made.

Given the foregoing risks and the Registrant's limited resources, Management has
decided  not  to remain actively engaged in mineral exploration.  The Company is
currently  attempting  to  sell  its  mineral  properties.

The  Registrant  is  currently  seeking  to  acquire  an  interest in a business
opportunity.  Due to the Registrant's limited assets, it is anticipated that any
such acquisition would be a "reverse take-over" accomplished through a merger or
share  exchange.  In  such  event,  the Registrant's existing shareholders would
likely  become minority shareholders in the surviving entity.  The Registrant is
not  currently  in  discussion  or  negotiation regarding the acquisition of any
specific  business  opportunity.

The  Registrant  believes that it can satisfy its cash requirements for the next
twelve  months.

ITEM  7.      FINANCIAL  STATEMENTS

Financial Statements of the Company for the fiscal years ended December 31, 1998
and 1999 audited by LeMaster & Daniels PLLC, are included elsewhere in this Form
10-KSB.

ITEM  8.     CHANGES  IN  AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON
             ACCOUNTING  AND  FINANCIAL  DISCLOSURE.

During  the registrant's two most recent fiscal years and the subsequent interim
period,  no  independent  accountant who was previously engaged as the principal
accountant  to  audit  the  registrant's  financial  statements,  or independent
accountant  who  was previously engaged to audit a significant subsidiary and on
whom the principal accountant expressed reliance in its report, has resigned (or
indicated  it  has declined to stand for re-election after the completion of the
current  audit)  or  was  dismissed.

The  Registrant  has  engaged LeMaster & Daniels PLLC as Independent Auditor for
the  year  ended  December  31,  2000

                                    PART III

ITEM  9.     DIRECTORS,  EXECUTIVE  OFFICERS,  PROMOTERS  AND CONTROL  PERSONS;
             COMPLIANCE  WITH  SECTION  16(A) OF  THE  EXCHANGE  ACT

(A)     IDENTIFICATION  OF  DIRECTORS

Set  forth below is the name, age and length of service of the Company's present
directors:
<TABLE>
NAME  (AGE)                    POSITION          LENGTH  OF  SERVICE
-------------------------      --------          -------------------
<S>                            <C>               <C>
William  R.  Green   (61)      Director          Since  1993
Gregory  B. Lipsker  (49)      Director          Since  1993
Eunice  R. Campbell  (54)      Director          1992  and  1994
</TABLE>
The  directors  are  elected for a one-year term and until their successors have
been  elected and qualified. There are no arrangements or understandings between
any  of  the  directors  and  other  persons  pursuant  to which such person was
selected  as  a  director  .
<PAGE>
(B)     IDENTIFICATION  OF  EXECUTIVE  OFFICERS

Set  forth below is the name, age and length of service of the Company's present
Executive  Officers  :
<TABLE>
NAME  (AGE)                 POSITION                          LENGTH  OF  SERVICE
------------------------    -------------------------------   -------------------
<S>                         <C>                               <C>
Gregory B. Lipsker  (49)     President                         Since  1998 (1)
William  R.  Green  (61)     Vice President/Asst. Secretary    Since  1993
Eunice  R. Campbell (54)     Secretary/Treasurer               Since  1992
</TABLE>

(1)     Gregory  B.  Lipsker  served  as the Company's Secretary from 1983 until
February,  1998

Executive  Officers  are  appointed  to  serve until the meeting of the Board of
Directors  following  the  next  annual  meeting of shareholders and until their
successors  have  been  elected  and  qualified.  There  are  no arrangements or
understandings  between  any  of  the  directors,  officers,  and  other persons
pursuant  to  which  such  person  was  selected  as  an  Executive  Officer.

Set  forth below is certain biographical information regarding each Director and
Executive  Officer  of  the  Company.

Gregory  B.  Lipsker  -  Mr.  Lipsker  is  a  practicing  attorney  in  Spokane,
Washington.  Mr. Lipsker's practice emphasizes corporate and securities matters.
Mr.  Lipsker is an Executive Officer and Director of Metaline Mining and Leasing
Company,  a  publicly-held,  inactive  mining  exploration  company.

Dr.  William R. Green - William R. Green is a mining engineer and geologist, and
was  a  professor  of mining engineering at the University of Idaho from 1965 to
1983.  He  has been actively involved in the mining business since 1962 and is a
former  officer  and  director  of Yamana Resources and currently an officer and
director  of Canadian public companies: Maya Gold Limited and Petromin Resources
Ltd.,  and  US  companies Mines Management, Inc. and Metaline Mining and Leasing
Co.

Eunice  R.  Campbell  -  Mrs.  Campbell is a retired businesswoman. Prior to her
retirement  in  1987, Mrs. Campbell was the owner of Spokane Guaranty Company, a
stock  transfer  agency.  Mrs.  Campbell is an Executive Officer and Director of
Metaline  Mining  and  Leasing  Company,  a  publicly-held,  inactive  mining
exploration  company.

(C)     IDENTIFICATION  OF  CERTAIN  SIGNIFICANT  EMPLOYEES

The  Registrant  has  no  employees.
(D)     FAMILY  RELATIONSHIPS

There  is  no  family  relationship  between any Director, Executive Officer, or
person  nominated  or chosen by the Registrant to become a Director or Executive
Officer

(E)      INVOLVEMENT  IN  CERTAIN  LEGAL  PROCEEDINGS

No  Director, or person nominated to become a Director or Executive Officer, has
been  involved  in  any  of  the  enumerated  events during the past five years.

(F)     PROMOTERS  AND  CONTROL  PERSONS

Not  Applicable

<PAGE>
COMPLIANCE  WITH  SECTION  16(A)  OF  THE  EXCHANGE  ACT

Based  solely upon a review of Forms 3 and 4 and amendments thereto furnished to
the  Registrant pursuant to Section 240.16a-3 during its most recent fiscal year
and  Form  5  and amendments thereto furnished to the Registrant with respect to
the  most  recent  fiscal year, all executive officers, directors and beneficial
owner  of  more  than  ten  percent  of  any  class  of equity securities of the
Company registered  pursuant to Section  12  of the Exchange Act  of the Company
timely filed the reports required under Section 16(a) of the Securities Exchange
Act of 1934, as amended except that one form 5 reporting of a single transaction
was  filed  late  for  Mr.  Albert  Zlotnick.

ITEM  10.     EXECUTIVE  COMPENSATION

(A)     EXECUTIVE  OFFICERS

The following table sets forth the compensation paid by the Company to its Chief
Executive  Officer  and  any other  executive officers whose total annual salary
and  bonus  exceeded  $100,000  during  the  past three fiscal years ("Executive
Officers").  Except  as  set forth below, no officer or Executive Officer of the
Company  received  compensation  in  excess  of  $100,000  during the past three
calendar  years.  This  information  includes the dollar value of base salaries,
bonus  awards  and  number  of  stock  options  granted,  and  certain  other
compensation,  if  any.
<TABLE>
Summary  Compensation  Table
----------------------------

                                                         Long-Term Compensation
          Annual  Compensation                     Awards                 Payouts
----------------------------------------------  ----------------------  -----------------
(a)                (b)    (c)    (d)     (e)    (f)         (g)         (h)     (i)
Name                                    Other   Restricted  Securities
and                                     Annual  Stock       Underlying  LTIP    All Other
Principal          Year  Salary  Bonus  Comp.   Awards(1)   Options/    Payouts Comp.
Position                  ($)     ($)    ($)     ($)        SARs(#)      ($)     ($)
------------------ ----  ------  -----  ------  ----------  ----------  ------- --------
<S>                <C>   <C>     <C>    <C>     <C>         <C>         <C>     <C>
T. Glover
  Patterson
  President        1997     $0     $0     $0         $0         -0-        $0       $0
Gregory B.
  Lipsker
  President(98-99) 1998     $0     $0     $0         $0         -0-        $0       $0
                   1999     $0     $0     $0         $0         -0-        $0       $0
</TABLE>

COMPENSATION  FOR  LAST  FISCAL  YEAR
<TABLE>
             Cash Compensation                              Security Grants
-------------------------------------------  ------------------------------------------

                                                                          Number of
                    Annual     Meeting       Consulting    Number of      Securities
                    Retainer   Fees ($)      Fees/Other    Shares (#)     Underlying

Name                Fees ($)                 Fees ($)                     Options/SARs(#)
(a)                 (b)        (c)           (d)           (e)            (f)
------------------  ---------  ------------  ------------  -------------  ---------------
<S>                 <C>        <C>           <C>           <C>            <C>
Gregory  Lipsker      $500         -0-             -0-          50,000         0
William  R.  Green    $500         -0-             -0-          50,000         0
Eunice  Campbell      $500         -0-             -0-         450,000         0
</TABLE>

<PAGE>

ITEM  11.     SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL OWNERS AND MANAGEMENT

The  following table sets out as of the date hereof, the names and shareholdings
of  beneficial owners known to the Company to own more than five percent (5%) of
the  common  stock  of  the  Company, each director and executive officer of the
Company,  and  the  shareholdings  of  all directors and executive officers as a
group. At such date, the number of issued and outstanding shares of common stock
of  the  Company  was  16,862,792.

<TABLE>

                                   Amount  and  Nature  of

                                   Beneficial  Ownership
Name  of  Person                   (all  direct  unless
or  Group  (1)                     otherwise  noted)               % of Class
----------------------------------  ------------------------        ----------
<S>                                <C>                             <C>
Principal  Shareholders:
------------------------
Albert  Zlotnick                          8,431,538                   50.00  %
301  City  Ave.
Bala  Cynwyd,PA  19004

Directors and Executive Officers:
---------------------------------

Eunice  R.  Campbell                        821,000                    4.87  %
301  S.  Chestnut,  Ste.  #6
Spokane,  WA  99204

William  Green                              636,000                    3.77  %
905  W.  Riverside,  Ste.  311
Spokane,  WA  99201

Greg  Lipsker                               887,000                    5.20  %
714 Washington Mutual
  Financial Center
601  W.  Main  Avenue
Spokane,  WA  99201

All  executive  officers  and             2,344,000                    13.90%
directors  as  a  group  (3  persons)
</TABLE>

(1)     The  positions  of those persons who are directors or executive officers
of  the  Registrant  are  set  out  in  Item  9.

ITEM  12.     CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS

(A)     TRANSACTIONS  WITH  MANAGEMENT  AND  OTHERS

None

(B)     CERTAIN  BUSINESS  RELATIONSHIPS

None






<PAGE>

ITEM  13.     EXHIBITS  AND  REPORTS  ON  FORM  8-K

     (a).     Exhibits  required  by  Item  601  (1)

(3)(i)        Articles  of  Incorporation                          (2)
(3)(ii)       Bylaws.                                              (2)
(13)          Annual  report  to  security  holders,  Form  10Q
              or  quarterly  report  to  security  holders.        (2)


          (1)  Omitted  Exhibits  not  applicable
          (2)  Incorporated  by  reference  to  previous  filing

Financial  Statements

             Independent  Auditors'  Reports

             Balance  Sheets  at  December  31,  1999  and  1998

             Statements  of  Income  (Loss))
             for  the  years  ended  December  31,  1999,  and  1998

             Statements  of  Stockholders'  Equity
             for  the  years  ended  December  31,  1997  -  1999

             Statements  of  Cash  Flows
             for  the  years  ending  December  31,  1999,  and  1998

             Notes  to  Financial  Statements

(b)     No  reports  have  been filed on Form 8-K during the last fiscal quarter
covered  by  this  report.





























<PAGE>

FINANCIAL  STATEMENTS  AND
INDEPENDENT  AUDITORS'  REPORT

DECEMBER  31,  1999  AND  1998
CIMARRON-GRANDVIEW  GROUP,  INC.


CONTENTS



                                                               Page

INDEPENDENT  AUDITORS'  REPORT                                    2


FINANCIAL  STATEMENTS:

     Balance  sheets                                              3

     Statements  of  income                                       4

     Statements  of  stockholders'  equity                        5

     Statements  of  cash  flows                                  6

     Notes  to  financial  statements                           7-9


































<PAGE>


     INDEPENDENT  AUDITORS'  REPORT





Board  of  Directors
Cimarron-Grandview  Group,  Inc.
Spokane,  Washington


We  have  audited  the  accompanying balance sheets of Cimarron-Grandview Group,
Inc.  (a Washington  corporation)  as  of  December  31, 1999  and 1998, and the
related statements of income, stockholders' equity, and cash flows for the years
then ended.  These financial statements are the responsibility  of the Company's
management.  Our  responsibility  is  to  express  an opinion on these financial
statements  based  on  our  audits.

We  conducted  our  audits  in  accordance  with   generally  accepted  auditing
standards.  Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing  the  accounting  principles  used  and  significant estimates made by
management,  as well as evaluating the overall financial statement presentation.
We  believe  our  audits  provide  a  reasonable  basis  for  our  opinion.

In  our  opinion,  the financial statements referred to above present fairly, in
all  material  respects,  the  financial  position  of Cimarron-Grandview Group,
Inc.,  as  of  December 31, 1999 and 1998, and the results of its operations and
its  cash  flows for the years then ended, in conformity with generally accepted
accounting  principles.

/s/ Lemasters & Daniels PLLC

Spokane,  Washington
March  8,  2000





















Accountants' page 2

<PAGE>
CIMARRON-GRANDVIEW  GROUP,  INC.

BALANCE  SHEETS

<TABLE>
                                                        December 31,
                                              --------------------------------
                                                   1999              1998
                                              --------------    --------------
<S>                                           <C>               <C>
ASSETS

CURRENT  ASSETS:
Cash                                           $    139,817     $      24,988
Temporary cash investments                            4,281             3,700
                                              --------------    --------------
Total cash and cash equivalents                     144,098            28,688

SECURITIES AVAILABLE-FOR-SALE                       10,639             10,964

MINING PROPERTIES                                    4,122               3,911
                                              --------------    --------------

                                              $    158,859      $      43,563
                                              ==============    ==============

LIABILITIES  AND  STOCKHOLDERS'  EQUITY

CURRENT  LIABILITIES:
Accounts payable                              $        -        $       2,267
                                              --------------    --------------
Total current liabilities                              -                2,267
                                              --------------    --------------

STOCKHOLDERS'  EQUITY:
Common  stock--50,000,000  shares,
  no  par  value,  authorized;
  16,862,792  and  7,881,254 shares
  issued and outstanding, respectively             693,949            591,799
Note receivable, stock purchase                     (6,320)            (4,000)
Accumulated  other  comprehensive  income:
  Unrealized loss,
    securities available-for-sale                  (26,872)           (26,547)
Retained earnings (deficit)                       (501,898)          (519,956)
                                              --------------    --------------
Total stockholders' equity                         158,859             41,296
                                              --------------    --------------
                                              $    158,859      $      43,563
                                               =============    ==============
</TABLE>








See  accompanying  notes  to  financial  statements.

Accountants' page 3

<PAGE>

CIMARRON-GRANDVIEW  GROUP,  INC.

STATEMENTS  OF  INCOME
----------------------
<TABLE>

                                         Years Ended December 31,
                                       ---------------------------
                                           1999           1998
                                       ------------   ------------
<S>                                    <C>            <C>

INCOME:
Dividend and interest income           $     5,509    $       764
                                       ------------   ------------
EXPENSES:
Directors' fees                                150          1,500
Professional fees                            8,711         19,707
Office expense                               1,655          2,016
Taxes, licenses, and fees                    1,579            930
                                       ------------   ------------
                                            12,095         24,153
                                       ------------   ------------

LOSS BEFORE OTHER INCOME (EXPENSE)          (6,586)       (23,389)
                                       ------------   ------------

OTHER  INCOME  (EXPENSE):
Income (loss) from partnership interests       157           (182)
Gain (loss) on sale of mineral rights       24,487         (1,320)
                                       ------------   ------------
                                            24,644         (1,502)
                                       ------------   ------------

NET INCOME (LOSS)                      $    18,058    $   (24,891)
                                       ============   ============

BASIC  EARNINGS  (LOSS) PER SHARE              NIL            NIL
                                       ============   ============
</TABLE>



















See  accompanying  notes  to  financial  statements.

Accountants' page 4

<PAGE>

CIMARRON-GRANDVIEW  GROUP,  INC.

STATEMENTS OF STOCKHOLDERS' EQUITY  YEARS ENDED DECEMBER 31, 1999 AND 1998
--------------------------------------------------------------------------

<TABLE>
                                         Note        Accumulated
                 Number  of              Receivable  Other          Retained

                 Shares       Common     Stock       Comprehensive  Earnings
                 Outstanding  Stock      Purchase    Income         (Deficit)   Total
                 -----------  ---------  ----------  -------------  ---------  ---------
<S>              <C>          <C>        <C>         <C>            <C>        <C>

BALANCES,
DECEMBER 31, 1997  7,081,254  $ 587,799  $      -    $    (26,387)  $(495,065) $ 66,347

ADD (DEDUCT):
COMPREHENSIVE
  INCOME:
Net loss                 -           -          -             -       (24,891)  (24,891)
Unrealized loss in
  marketable
  securities             -           -          -            (160)        -        (160)
                                                                              ----------
COMPREHENSIVE
  INCOME (LOSS)                                                                 (25,051)
                                                                              -----------
Shares issued in
exchange of note     800,000     4,000       (4,000)          -          -          -
                 -----------  ---------  ----------  -------------  ---------  ---------
BALANCES,
DECEMBER 31, 1998  7,881,254    591,799      (4,000)      (26,547)  (519,956)    41,296

ADD (DEDUCT):
COMPREHENSIVE
  INCOME:
Net income               -           -           -             -       18,058    18,058
Unrealized loss in
  Marketable
  securities             -           -          -             (325)       -        (325)
                                                                              -----------
COMPREHENSIVE
  INCOME                                                                         17,733
                                                                              -----------
Shares issued to
  directors for
  services           150,000       150         -              -          -         150
Shares sold        8,431,538   100,000         -              -          -     100,000
Interest on notes
  receivable,
  stock purchase         -         -          (320)           -          -        (320)
Shares issued in
  exchange for note  400,000     2,000      (2,000)           -          -         -
                 -----------  ---------  ----------  -------------  ---------  ---------
BALANCES,
DECEMBER 31, 1999 16,862,792  $ 693,949  $  (6,320)  $    (26,872)  $(501,898) $158,859
                  ==========  =========  ==========  =============  =========  =========
</TABLE>
See  accompanying  notes  to  financial  statements.

Accountants' page 5
<PAGE>

CIMARRON-GRANDVIEW  GROUP,  INC.

STATEMENTS  OF  CASH  FLOWS
---------------------------
<TABLE>
                                                             December 31,
                                                   --------------------------------
                                                        1999              1998
                                                   --------------    --------------
<S>                                                <C>               <C>
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
CASH  FLOWS  FROM  OPERATING  ACTIVITIES:
     Net income (loss)                              $     18,058     $     (24,891)
     Adjustments to reconcile net income (loss)
       to net cash used in operating activities:
       (Income) loss from partnership interest              (211)              132
       Stock issued for services                             150               -
       Gain on sale of securities                             -                (69)
       (Gain) loss on sale of mineral rights             (24,487)            1,389
       Increase in interest receivable                      (320)              -
       Increase (decrease) in accounts payable            (2,267)            1,500
                                                   --------------    --------------
Net cash used in operating activities                     (9,077)          (21,939)
                                                   --------------    --------------

CASH  FLOWS  FROM  INVESTING  ACTIVITIES:
     Proceeds from sale of securities                        -              13,719
     Proceeds from sale of mining rights                  24,487            28,611
                                                   --------------    --------------
Net cash provided by investing activities
                                                          24,487            42,330
                                                   --------------    --------------
CASH  FLOWS  FROM  FINANCING  ACTIVITIES:
     Proceeds from issuance of common stock              100,000               -
                                                   --------------    --------------

NET INCREASE IN CASH AND CASH EQUIVALENTS                115,410            20,391

CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR              28,688             8,297
                                                   --------------    --------------

CASH AND CASH EQUIVALENTS, END OF YEAR             $     144,098     $      28,688
                                                   ==============    ==============

</TABLE>












See  accompanying  notes  to  financial  statements.

Accountants' page 6

<PAGE>
CIMARRON-GRANDVIEW  GROUP,  INC.

NOTES  TO  FINANCIAL  STATEMENTS


NOTE  1  --  ORGANIZATION  AND  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES:

Organization:

The  Company  was  incorporated in the state of Washington in 1927.  Although it
has  previously  been  engaged  in  mineral  exploration  and  continues to hold
interests in mineral exploration properties, the Company currently has no active
business operations.  The Company is currently seeking to acquire an interest in
a  business  opportunity.

Summary  of  Significant  Accounting  Policies:

a.     Cash  and  cash equivalents include short-term cash investments that have
an  initial  maturity  of  90  days  or  less.

b.     The Company's marketable securities are stated at estimated fair value at
the  balance-sheet  dates  and  unrealized  losses are reported in stockholders'
equity  as  accumulated  other  comprehensive  income.  All  such securities are
considered  to be available-for-sale.  Gains and losses are determined using the
specific  identification  method.

c.     The Company capitalizes acquisition and exploration costs on nonoperating
mining  properties  and  mineral  rights for accounting and income tax purposes.
Upon  commencement  of operations, the capitalized costs will be amortized based
on  proven  or  probable  reserves by the unit of production method so that each
unit  produced  is  assigned  a  pro rata portion of the unamortized acquisition
costs.

d.     Capitalized  costs  are  charged  to operations as impairment losses when
title to the property has expired or when management believes the properties are
not  economically  feasible  to  develop  or  hold  for  future  development.

e.     Deferred  income  tax  assets are recognized for the estimated future tax
benefits  of  tax-basis  operating  losses  being  carried forward.  A valuation
allowance  for  deferred  tax  assets  is  also  recognized  when  appropriate.

f.     In  1998,  the  Company  adopted  SFAS  No. 130, "Reporting Comprehensive
Income,"  which  establishes rules for the reporting of comprehensive income and
its  components.  Comprehensive income consists of net income (loss) and changes
in unrealized losses on securities available-for-sale.  The adoption of SFAS No.
130  had  no  impact  on  total  stockholders'  equity.

g.     Basic  loss  per  share  is computed using the weighted average number of
shares  outstanding  during  the  years (12,372,000 in 1999, 7,481,000 in 1998).
Diluted  loss  per  share  was  the  same  as basic loss per share for the years
presented.

h.     The  preparation  of  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
disclosures  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.


Accountants' page 7

<PAGE>
CIMARRON-GRANDVIEW  GROUP,  INC.

NOTES  TO  FINANCIAL  STATEMENTS

NOTE  2  --  SECURITIES:

Following  is  a  summary  of  marketable securities as of December 31, 1999 and
1998:
<TABLE>
                                                            1999          1998
                                                       -----------    -----------
<S>                                                    <C>            <C>
Aggregate  fair  value  of  marketable  securities     $   10,639     $   10,964
Gross  unrealized  holding  losses                         26,872         26,547
Amortized  cost  basis                                     37,511         37,511
</TABLE>

Changes in marketable securities for the years ended December 31, 1999 and 1998,
are  as  follows:

<TABLE>
                                                            1999          1998
                                                       -----------    -----------
<S>                                                    <C>            <C>
Cost  as  of  January  1                               $   37,511     $   51,161
Sale  of  securities                                          -          (13,650)
Unrealized  loss  as  of  December  31                    (26,872)       (26,547)
                                                       -----------    -----------
Fair  value  as  of  December  31                     $    10,639     $   10,964
</TABLE>

NOTE  3  --  MINING  PROPERTIES:

Investments in mining properties, net of impairment losses recognized, consisted
of  the  following:

<TABLE>
                                                               December 31,
                                                       --------------------------
                                                            1999          1998
                                                       -----------    -----------
<S>                                                    <C>            <C>
Partnership interest in two units of Pondera
Partners, Ltd., a drilling project located in Teton
County,  Montana  (at cost less equity in partnership
losses)                                               $     4,122     $    3,911
</TABLE>

On  January  11,  1999,  the  Company sold approximately 34 acres of surface and
mineral  rights  located  in  northern  Stevens  County  for  $25,000 cash, less
expenses of $513.  Such rights had previously been considered fully impaired, so
the  net  proceeds  resulted  in  a  $24,487  gain  in  1999.










<PAGE>

CIMARRON-GRANDVIEW  GROUP,  INC.

NOTES  TO  FINANCIAL  STATEMENTS


NOTE  4  --  COMMON  STOCK:

The  Company's  Articles  of  Incorporation  were  amended  March  31,  1982, to
reclassify  shares  and reduce capital to $350,000, comprising 50,000,000 shares
of  no par value common stock.  Each share of the capital stock of the par value
of  $.10  per  share  previously  outstanding was changed to one share of no par
value  common  stock.  The  Articles  were  amended July 11, 1990, to change the
Company's name from Grandview Mines, Inc., to Cimarron Gas & Oil, Inc., and were
amended  on July 25, 1990, to change the Company's name from Cimarron Gas & Oil,
Inc.,  to  Cimarron-Grandview  Group,  Inc.

In  February  1998,  two  directors  of the Company purchased a total of 400,000
common  shares at $.005 per share.  The shares were purchased in exchange for an
8  percent nonrecourse promissory note which has been reported as a reduction of
stockholders'  equity  at  December  31,  1999  and  1998.

On  February  24,  1999,  the Company issued a restricted stock grant of 400,000
shares to a Company director.  The exercise price is $.005 per share, payable by
a one-year non recourse promissory note bearing interest at 8 percent per annum.
Also,  the  Company  issued  restricted  stock  grants  (50,000  each)  to three
directors for services at an agreed-upon value of $50 each.

On  March  4,  1999,  the  Company sold 8,431,538 shares of its common stock for
$100,000.

NOTE  5  --  FEDERAL  INCOME  TAX:

At  December  31,  1999 and 1998, the Company had deferred tax assets of $36,000
and  $37,000,  respectively,  which were fully reserved by valuation allowances.
For 1999, 1998, and 1997, the Company has recognized no net tax benefits for its
operating  losses  in  the  statements of income, as valuation allowances offset
such  benefits.  Changes in the deferred tax asset valuation allowance for 1999,
1998,  and  1997 relate only to corresponding changes in the deferred tax assets
for  those  years.

At  December  31,  1999,  the  Company  had a net operating loss carryforward of
$242,436  which  is available to offset future taxable income.  The carryforward
expires  in  various  amounts  from  2000  through  2018.


















<PAGE>


SIGNATURES


In  accordance  with  Section  13  or 15(d) of the Exchange Act , the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

CIMARRON-GRANDVIEW  GROUP,  INC     .


By: /s/ Gregory B. Lipsker                  Date:  3/28/2000
----------------------------------------         --------------------
   GREGORY  B.  LIPSKER,  President
(Principal  Executive  Officer)


By: /s/ Eunice R. Campbell
----------------------------------------    Date:  3/28/2000
EUNICE  R.  CAMPBELL,  Secretary/Treasurer       -------------------
(Principal  Financial  Officer)


In  accordance  with  the Exchange Act, this report has been signed below by the
following  persons  on behalf of the registrant and in the capacities and on the
dates  indicated.


/s/ Gregory B. Lipsker                              Date:  3/28/2000
GREGORY  B.  LIPSKER,

Director

/s/ William R. Green                                Date:  3/28/2000
WILLIAM  R.  GREEN,
Director

/s/ Eunice Campbell                                 Date:  3/28/2000
EUNICE  CAMPBELL,
Director


SUPPLEMENTAL  INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION
15(D)  OF  THE  EXCHANGE  ACT  BY  NON-REPORTING  ISSUERS

Not  Applicable