SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549
_______________

FORM 10K

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934

For Fiscal Year Ended..................................Commission File
March 31, 2001...........................................Number 0-1587

GNC ENERGY CORPORATION

(Exact name of registrant as specified in its charter)

             Delaware                           75-1050549
	  (State or other jurisdiction          (I.R.S. Employer
	of incorporation or organization)    Identification Number)

		8235 Douglas Avenue		         Suite 1201
             Dallas, Texas				 75225
 (Address of principal executive offices)   (Zip Code)

(214)691-9436
(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

 						   		  Name of each exchange
		Title of each class   	   	   on which registered
Common Stock - Par Value $0.40 per share		  None

Securities registered pursuant to Section 12(b) of the Act: None

	Indicate by check mark whether the registrant (1) has filed all
reports 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.
								YES___x____  NO________

	On March 31, 2001, there were 5,203,706 shares of the
registrant's common stock issued and outstanding.  The aggregate
market value of the registrant's common stock held by non-affiliates
of the registrant (computed by reference to the closing sale price in
the over-the-counter market) on 3/31/95 was approximately $325,231.63.




GNC ENERGY CORPORATION
1993 FORM 10-K ANNUAL REPORT

TABLE OF CONTENTS

					  	  PART I.					     Page

Item  1.  Business................................................  3
Item  2.  Properties..............................................  3
Item  3.  Legal Proceedings.......................................  4
Item  4.  Submission of Matters to a Vote of Security
			Holders............................................  5

PART II.

Item  5.  Market for the Registrant's Securities and Related
			Stockholder Matters................................  6
Item  6.  Selected Financial Data.................................  7
Item  7.  Management's Discussion and Analysis of Financial
			Condition and Results of Operations................  7
Item  8.  Financial Statements and Supplementary Data.............  8
Item  9.  Disagreements on Accounting and Financial Disclosure....  8

PART III.

Item 10.  Directors and Executive Officers of the Registrant......  8
Item 11.  Management Remuneration.................................  9
Item 12.  Security Ownership of Certain Beneficial Owners
			and Management.....................................  9
Item 13.  Certain Relationships and Related Transactions..........  9

PART IV.

Item 14.  Exhibits, Financial Statement Schedules, and
			Reports on Form 8-K...............................   10


PART I

Items 1. and 2. BUSINESS AND PROPERTIES

	(a) General Development of Business

	GNC Energy Corporation was incorporated in Delaware in 1954.  Its
principal executive offices are located at 8235 Douglas Ave., Suite
1201, Dallas, Texas 75225.  The term "GNC" or "Company" as used herein
refers to GNC Energy Corporation except as the context may otherwise
indicate.

	The Company is engaged in various segments of the energy
industry.  In 1987 its wholly-owned subsidiary, Plateau Supply, Inc.,
was sold.  Its coal business has not operated since 1985 and was sold
in 1987.  This leaves a small oil and gas producing division.

	The Company was incorporated in 1954 under the name of American
Tidelands, Inc.  In 1959, American Tidelands, Inc., was merged and
changed its corporate name to Marine Drilling, Inc.  The company
changed its name to Great National Corporation in 1964 and in August,
1981, changed its name to GNC Energy Corporation.

	Due to the economic conditions in the oil and gas and coal mining
industries, the curtailment of the Company's operations and other
factors, including the disposal of the majority of the Company's
income-producing properties in satisfaction of debt, the Company feels
that it is unable to absorb the expense of an audit at this time.
Therefore, the consolidated financial statements included herein for
the year ended March 31, 2001, are unaudited.

	(b)  Financial Information about Industry Segments

	The Company's principal operation is oil and gas.

	Financial data for the last three fiscal years with respect to
sales, income (loss) from operations, identifiable assets and capital
expenditures attributable to each business segment appears in Note 6
to the financial statements.

	(c)  Narrative Description

Supply and Equipment

	The construction, mining and industrial supply business was sold
on February 12, 1987.

Coal Mining

	The coal mining subsidiaries were sold on September 30, 1987.

Oil and Gas

	The company maintains a small oil and gas production and
exploration effort.  The Ohio oil and gas properties were sold in
satisfaction of debt.


Employees

	As of March 31, 2001, the Company had no employees.

Item 3.  LEGAL PROCEEDINGS
	The following judgments are taken against the company as of this
filing:

	Judgment Creditors	Judgment Amount

D. W. Campbell, T. J. Fouts, Jr.,
George Bristol, Charles Kuhn, A. Gary Muir,
and Larvena Investments, Inc.	571,362
Robert Half of Dallas	16,604
Rocanville Corp. (formerly held by Halliburton )	247,631
Rocanville	147,321
Hudson trust (formerly held by Aetna)	207,800
U. S. Insurance Group	   129,495
Total Judgment Creditors	$1,320,213

No bonds have been filed by the Company to preclude judgment
creditors from exercising their rights to writs of execution,
garnishment, etc.


Item 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

	The Company did not submit any matter during the fiscal year
covered by this report to a vote of security holders, through
solicitation of proxies or otherwise.

	Executive Officers of the Registrant

	The following is a list of the Company's executive officers,
their ages, and their positions and offices as of March 31, 2001.

	Name of Officer		Age		Position

	W. H. Hudson		71		Chairman of the Board of Directors
							President and Chief Executive
							Officer

	Andrew C. Hudson	40		Secretary

	The following is a summary of the business background of the
executive officers of the Company for the past several years:

	Mr. W. H. Hudson was elected Chairman of the Board, President and
Chief Executive Officer of the Company in March 1979.  During the past
twenty-two years, in addition to his activities with the Company, his
principal business has been the management of his personal investments
in real estate and oil and gas properties.

	Mr. Andrew Hudson was elected Secretary of the Company in 1988.
Since that time he has devoted part of his business time to the
activities of the Company.



PART II

Item 5.  MARKET FOR THE REGISTRANT'S SECURITIES AND RELATED
STOCKHOLDER MATTERS

	(a)  Principal Market

	The Company's common stock was listed and began trading on the
American Stock Exchange during September, 1981.  Effective December 3,
1985, the Company's common stock was delisted from the American Stock
Exchange and since such date has been trading in the over-the-counter
market.

	(b)  Stock Price and Dividend Information

	The table below presents the range of high and low prices on the
over-the-counter market as quoted in the "pink sheets" from April 1,
1991, through March 31, 1993.

	Quarter Ended		Fiscal 1992			Fiscal 1993
					High    Low			High    Low

	June 30			$1/16 $ 1/32			$ 1/4 $ 1/32
	September 30		 1/16   1/32			  1/4   1/32
	December 31		 1/16   1/32			  1/4   1/32
	March 31			 1/16   1/32			  1/4   1/32

	The Company has not and does not contemplate the payment of cash
dividends with respect to its common stock.  The Company intends to
utilize any profits it might generate in its business operations.

	(c)  Approximate Number of Holders of Common Stock

	The approximate number of holders of record of the Company's
common stock as of March 31, 2001, is 3,861.



Item 6.  SELECTED FINANCIAL DATA

	The following table presents a five-year summary of selected
financial data for the years ended March 31:
	2001	2000	1999	1998	1997
                            (in thousands except per share amounts)

Revenues	$    18	$    15	$    13	$    23	$     33
Income (Loss) from
      operations	9	 0	   1	10	16
Extraordinary Income (Loss)	  20	   16	18 	   253	  22

Interest Expense	141	141	155	  145	  146
Net Income (Loss)	  (128)	(139)	 (152)	88	(324)
Weighted average number
     of common shares
     outstanding	5,204	5,204	5,204	5,204	5,204
Earnings (Loss) per common
     share	(.02)	(.03)	 (.03)	 .02	(.06)

Working capital (deficit)	(7,217)	(7,090)	(6,951)	 (6,798)	  (6,886)
Long-term debt	-	-	-	-	  -
Stockholders' equity
     (deficit)	(7,217)	(7,090)	(6,950)	(6,798)	  (6,886)
Total Assets	-	-	-	1,000	   -





Item 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
         AND RESULTS OF OPERATIONS

Liquidity and Capital Resources

	At March 31, 2001, the Company had a working capital deficit of
$7,217,544 and no long-term obligations.

	No new oil and gas wells were drilled in fiscal 2001.  Capital
expenditures were limited to remedial work on producing wells.

	The Company does not have sufficient liquid resources to meet the
present judgment creditor claims against the Company.



Results of Operations

	Declining demand seriously impacted the supply business in 1987,
resulting in a sale of the division.  Plateau Supply Company filed for
reorganization under Chapter 11 of the Bankruptcy Act.  No recovery
was made on the $3,479,580 note receivable resulting from the sale of
that company.

	Coal mining operations ceased in 1985 and were sold in September
1987.

	The remaining oil and gas properties were not profitable.


Item 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

	The response to this item is submitted as a separate section of
this report (page 12).


Item 9.  DISAGREEMENTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

	An attempt was made to update and correctly record the Company's
assets and liabilities during the fiscal year ended 3-31-91.  This
accounts for the extraordinary income and other changes to Retained
Earnings that year.


PART III

Item 10.  DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

	Directors

										Common
								Served As	Shares
								Director	Beneficially Percent
	Name		Age		Position		Since	Owned	  of Class

W. H. Hudson   71	Chairman of the	  1979	  576,878*	   11.09
	Board of Directors,
	President and Chief
	Executive Officer
	of the Company,
	Dallas, Texas

R. H. Rosen    63	President, Advanced 1981	   12,000		0.23
	Energy Technology,
	Inc., Cambridge,
	Massachusetts
_______________________
*See "Principal Stockholders."


	Unless otherwise indicated, the nominees have sole voting and
investment power with respect to their shares of the Company's Common
Stock listed hereinabove.

	As of March 31, 2001, the directors and officers of the Company,
as a group, (3 persons) held an aggregate of 588,878 shares of Common
Stock, or 11.32% of the outstanding shares of that class.

	Mr. W. H. Hudson was elected Chairman of the Board, President and
Chief Executive Officer of the Company in March, 1979.  During the
past twenty-two years, in addition to his activities with the Company,
his principal business has been the management of his personal
investments in real estate and oil and gas properties.

	Dr. Rosen has been President of Advanced Energy Technology, Inc.,
since 1982.  He was President, Chief Executive Officer and a Director
of Energy Resources Co., Inc., from 1974 to 1982.  He has also been
President and Chairman of the Board of Texas Resources, Inc., since
1980.

Executive Officers

	The listing of executive officers included in this Report is
shown at Part I, Item 4.


Item 11.  MANAGEMENT REMUNERATION

	There was no remuneration accrued by the Company and its
subsidiaries to individual executive officers of the Company for
fiscal year ended 3-31-01.

Profit-Sharing Plan

	At March 31, 2001, there were no outstanding stock options, under
the Company's 1974 Qualified Stock Option Plan.


Item 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT

	The listing of security ownership of certain beneficial owners
and management in this Report is shown at Part III, Item 10.


Item 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

	The Company reimburses W. H. Hudson, Chairman of the Board,
President and Chief Executive Officer of the Company a portion of
certain overhead expenses incurred in its day-to-day operations.  The
Company paid Mr. Hudson a total of approximately $4,575 during the
year ended March 31, 2001, for these services.  The Board of Directors
believes that this billing arrangement is advantageous to the Company
and offers an economical office operation.




PART IV

Item 14.  EXHIBITS, FINANCIAL STATEMENTS, SCHEDULES AND REPORTS ON
FORM 8-K

Financial Statements and Financial Statement Schedules

	The Consolidated Financial Statements and Financial Statement
Schedules of the Company included in this Report are listed at Part
II, Item 8.

Exhibits

	The listing of previously filed exhibits has been excluded from
this annual report to stockholders.  Such listing will be furnished
upon request and payment of the Company's reasonable copying and
mailing expenses.

Reports on Form 8-K

	There were no reports filed on Form 8K for the fiscal year ended
March 31, 2001.



SIGNATURES

	Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, Registrant has duly caused this
Annual Report to be signed on its behalf by the undersigned, thereunto
duly authorized.

						GNC ENERGY CORPORATION

Date:  ______________ 2001

						W. H. Hudson, Chairman of the Board
						President and Chief Executive Officer

	Pursuant to the requirements of the Securities Exchange Act of
1934, this report has been signed below by the following persons, on
behalf of the Registrant and in the capacities and on the dates
indicated.

	Signatures				Titles				Date



W. H. Hudson			Chairman of the Board,		__________ 2001
					President, Chief
					Executive Officer and
					Chief Financial Officer



R. H. Rosen			Director					__________ 2001




ITEM 8 - Financial Statements and Supplementary Data



ITEM 8(a) - Index to Financial Statements and Schedules

Page

Financial statements and supplementary information:

  Consolidated balance sheets...................................... 13
  Consolidated statements of operations............................ 15
  Consolidated statements of changes in stockholders'
	  equity (deficit)............................................ 16
  Consolidated statements of changes in financial position......... 17
  Notes to consolidated financial statements....................... 18

Schedules:

  Consolidated property, plant and equipment....................... 23
  Consolidated accumulated depreciation, depletion and
    amortization of property, plant and equipment.................. 24
  Valuation and qualifying accounts and reserves................... 24

	All other schedules have been omitted because they are not
required under the instructions or the information requested as set
forth in the consolidated financial statements or related notes
thereto.



GNC ENERGY CORPORATION
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)


ASSETS

								      March 31      March 31
								          2001          2000
Current assets:
	Cash	$         -	$         -
	Recoverable deposits	     -	        -
	Prepaid Expenses	          -	          -
	    Total current assets	          -	          -

Property, plant and equipment
	at cost, substantially pledged:
	Oil and gas	  72,575	  186,406
Less accumulated depreciation,
	depletion and amortization	    72,466	    186,252
		      -	      -

Total Assets	$       109	$       154








GNC ENERGY CORPORATION
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)

LIABILITIES AND STOCKHOLDERS' EQUITY

		    March 31  	     March 31
		        2000  	        2000
Current liabilities:

Accounts payable	3,034,034	3,047,181
Accrued expenses	2,011,726	   2,011,726
Accrued interest expense	   2,171,784	   2,031,013

 Total current liabilities	   7,217,544	   7,089,920




Stockholders' equity (deficit):
Common stock, $.40 par value
  Authorized - 10,000,000 shares
  Issued and outstanding - 5,203,706
  shares in 1989 and 1988	2,081,482	2,081,482
Capital in excess of par value	17,000,421	17,000,421
Accumulated deficit	 (26,299,338)	 (26,171,669)
	  (7,217,435)	  (7,089,766)
	$        109	 $        154








GNC ENERGY CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)

	                                      Years Ended March 31,
		                                   2001	2000	1999

Net Sales	  $   17,866	  $   14,777	  $   11,898
Costs and Expenses
	Cost of sales	8,534	 15,131	 10,904
	General, administrative, other	 15,539	13,557	  16,515
	Depreciation, depletion, amort.	     45	       61	       35

	   Total Costs and Expenses	    24,118	28,749	 27,454
	   Income (loss) from
	     operations	   (6,252)	  (13,972)	   (15,556)

Other Income (Expense)
	Interest	(140,770)	(140,770)	(155,000)
	Gain (loss) on debt write-off	  -	   15,507	17,515
	Miscellaneous Income	  -	-	179
	Income from accounting fees	-	-	1,000
	Taxes and penalties	   (172)	(150)	(150)
	Extraordinary Income	         19,526	         -	         -
	Total Other Income (Loss)	  (121,416)	   (125,413)	   (136,456)

	  Gain (Loss)	   (127,668)	 (139,385)	   (152,012)
	  Gain (Loss) per share	$     (.02)	$    (.03)	$      (.03)






GNC ENERGY CORPORATION
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)
(UNAUDITED)


				Capital in
	                         Common Stock		excess of	Accumulated
		Shares	Amount	par value	deficit

Balance at March 31,
	1997	5,203,706	$2,081,482	$17,000,421	$(25,967,946)
	Adjustments				-
	Net Gain(loss)				    87,674

Balance at March 31,
	1998	5,203,706	$2,081,482	$17,000,421	$(25,880,272)
	Adjustments				-
	Net Gain(Loss)				    (152,012)

Balance at March 31,
	1999	5,203,706	$2,081,482	$17,000,421	$(26,032,284)
	Adjustments				-
	Net Gain(Loss)				    (139,385)

Balance at March 31,
	2000	5,203,706	$2,081,482	$17,000,421	$(26,171,669)
	Adjustments				        -
	Net Gain(Loss)				    (127,669)

Balance at March 31,
	2001	5,203,706	$2,081,482	$17,000,421	$(26,299,338)




GNC ENERGY CORPORATION
CONSOLIDATED STATEMENT OF CHANGES IN FINANCIAL POSITION
(UNAUDITED)
	                                        Years Ended March 31,
	                                   2001		2000	1999
Financial resources were applied to:
	Net (loss) before extraordinary
	item	$  (147,194)   	(154,892)	$   (152,012)
	Fixed Assets	-	                      (250)
	Items not affecting working
	capital:  Depreciation,
	depletion, and amortization	          45	          61	         35

	Working capital applied to
	(provided by) operations	(147,149)	 (154,831)	 (152,227)

Extraordinary items:
 	Gain/Loss on disposition of assets	19,526	     -	-
 	Gain on expired debt	     -	     15,507	          -
		(127,623)	(139,324)	   (152,227)

Leasehold Costs	          -	          -	          -
		   (127,623)	   (139,324)	   (152,227)

Financial resources were provided by:
	Sales and retirements of
	property, plant and equipment,
	net of accum. depreciation,
	 depletion	      -	     -	   -
	Decrease in liabilities	        -	-	-
	Decrease in tar sands value	      -	      -	   -
	Decrease in other assets	          -	          -	          -
		          -	          -	          -
	Increase (decrease) in
	working capital	             $   (127,623)    (139,324)	$ (152,227)

Increase (decrease) in elements of working capital:
Cash	 $         -	 $          -    $       -
Recoverable deposits	-	-	-
Prepaid Expenses	    -	-	      (1,000)
Notes payable and current
	maturities on long-term debt	  - 	-	-
Accounts payable and accrued
	expenses	   13,147	 1,446	 1,274
Accrued interest expense	   (140,770)	   (140,770)	    (152,501)
Increase (decrease) in
	working capital	$    (127,623)	 $  (139,324)	$ (152,227)


GNC ENERGY CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2001, 2000 AND 1999
(UNAUDITED)


1.	Summary of significant accounting policies

	This summary of significant accounting policies of GNC Energy
Corporation (Company) is presented to assist in understanding the
Company's financial statements.  The financial statements and
notes are representations of the Company's management, which is
responsible for their integrity and objectivity.  These
accounting policies conform to generally accepted accounting
principles applied on a consistent basis.

	Principles of consolidation

	The consolidated financial statements include the accounts of GNC
Energy Corporation.  All significant intercompany balances and
transactions have been eliminated from the consolidated financial
statements.

	Property, plant and equipment

	Property, plant and equipment is carried at cost and includes
expenditures for new facilities and those which substantially
increase the useful lives of existing property, plant and
equipment.  Maintenance, repairs and minor renewals are expensed
as incurred.  When properties are retired or otherwise disposed
of, the related cost and accumulated depreciation is removed from
the respective accounts and any gain or loss on disposition is
credited or charged to operations.

	The Company follows the full-cost method of accounting for its
oil and gas operations.  Under the full-cost method, all
productive and nonproductive acquisition, exploration, and
development costs are capitalized as incurred. Capitalized costs
required to develop proved undeveloped reserves are amortized by
the unit-of-production method using proved reserves (revenue
method).  However, reserves have not been audited currently due
to the expense involved in doing so.  Therefore, depletion as
allowed by tax law is used, where applicable.

















1.	Summary of significant accounting policies (continued)

	Income taxes

	No provision has been made for income taxes, as the Company has
net operating losses to carry forward, in the amount of
$13,466,932, the last of which is due to expire in 2021 if not
used prior to that time.

     2.	Inventories

At March 31, 2001, there were no inventories.

     3.	Notes payable

	Notes payable include a secured note due on demand, which is
included in accounts payable.  There are no long-term debts.





6.  Information regarding industry segments


		   2001 	   2000 	   1999
                                                   (000somitted)
Net Sales:
     Oil and gas	$    18	$    15	$    13
	Administrative fees on operations	      -	     -	     -
		$    18	$    15	$    13

Loss (income) from operations:
	Oil and gas	$    (9)	$    0	$   (1)


	Other Loss	      -	    -	    -
	Other Gains	     20	     16	    19
		  29	   16	20

	General corporate expenses	 16	14	  17
	Interest expense	    141	    141	    155

	    Net (Gain) Loss	$    128	$   139 $    152

Identifiable assets:
	Oil and gas	     73	    186	    186
		$     73	$   186	$   186
Capital expenditures:
	Oil and gas	$      -	$     -	$     -

Depreciation, depletion and
	amortization:
	Oil and gas	$     72	$    61	$     35






7.	Leases

The final combined hydrocarbon lease, which contained tar sands,
expired, and the remaining asset value in tar sands was written
off.

8.	Commitments and contingencies

	Continuation of the Company as a going concern is dependent upon
the Company obtaining additional capital or its ability to attain
profitable operations adequate to meet its financial obligations.
The Company's consolidated financial statements have been
prepared on a going concern basis which contemplates the
realization of assets and liquidation of liabilities in the
ordinary course of business and do not include any adjustments
that might be necessary should the Company be unable to continue
as a going concern.

9.	Profit-sharing plan

The Company's profit-sharing plan ceased with the sale of Plateau
Supply, Inc., in 1987.

10.	Transactions with affiliated parties

	During the year ended March 31, 2001, the Company incurred
overhead allocation fees of approximately $ 10,964 to a
corporation controlled by a major stockholder of the Company for
the use of office space.

	Additionally, the Company incurred debt to entities controlled by
major stockholders for approximately $5,253 and $10,326 during
the years ended March 31, 2001 and 2000, respectively, for
working capital advances to the Company and well services.

	During 1985, a director of the Company purchased unregistered,
restricted stock from the Company.  57,000 and 7,000 shares of
the Company's common stock were purchased for $3.50 and $3.00 per
share respectively, with the market value on those dates being
$5.625 and $4.125 per share, respectively.

11.	Income taxes
	The Company has federal income tax loss carryforwards of
approximately $13,466,932 which will expire through 2021.  The
Company had investment and jobs tax credit carryforwards of
approximately $287,819, the last of which expired March 31, 1999.


12.	Gain/Loss per share

	Gain/loss per share has been computed by dividing the net
gain/loss for the years ended March 31, 2001, 2000, and 1999, by
the weighted average number of shares outstanding of 5,203,706
shares.  Shares issuable in connection with employee stock
options and convertible debt have not been included in the
computation of earnings per share, as their effect is
antidilutive.

13.	Interest

	Net interest consists of the following:


		     2001	     2000	     1999

Total interest	$ 140,770	$ 140,770	$ 155,000
Interest income	        -	        -	        -

		$ 140,770	$ 140,770	$ 155,000







GNC ENERGY CORPORATION
SUPPLEMENTARY INFORMATION ON RESERVES OF OIL AND GAS
Years Ended March 31, 2001, 2000 and 1999
(UNAUDITED)


Reserves of Oil and Gas

	The Company's estimated quantities of proved reserves of oil
(including condensate and natural gas liquids) and natural gas
have not been estimated by a firm of independent petroleum
engineers for the year ended March 31, 2001.  We are, therefore,
unable to provide accurate and meaningful related schedules and
estimates.



GNC ENERGY CORPORATION
SCHEDULE V - CONSOLIDATED PROPERTY, PLANT AND EQUIPMENT


                 Balance at                         Other   Balance at
                 beginning  Additions   Retire-    changes     end of
Classification   of period   at cost     ments   add(deduct)   period


Year ended
 March 31, 2001:

Oil and gas leasehold & equipment
	- full cost	$   186,406	$       -	$  (113,831)	$         -	$  72,575
	Tar Sands	          -	         -	         -	          -	         -
		$   186,406	$       -	$  (113,831)	$         -	$  72,575

Year ended
	March 31, 2000:
	Oil and gas leasehold & equipment
	- full cost	$  186,406	$      -	$   -	$        -	$   186,406
	Tar Sands	          -	         -	         -	         -	         -
              	$  186,406 $      250 $        -	 $          $  186,406


Year ended
	March 31, 1999:

	Oil and gas leasehold & equipment
	- full cost	$   186,156	$      250	$       -	$         -	$  186,406
	Tar Sands	      -	         -	     -	           -          -
		$   186,156	$      250  $       - $         - $  186,406





GNC ENERGY CORPORATION
SCHEDULE VI - CONSOLIDATED ACCUMULATED DEPRECIATION, DEPLETION
AND AMORTIZATION OF PROPERTY, PLANT AND EQUIPMENT

		Additions
                 Balance at	Charged to		  Other	Balance at
                 Beginning	Costs and	  Retire-	 Changes	  end of
Classification   of Period	 Expenses	   ments	Add(Deduct) Period


Year ended
	March 31, 2001:
	Oil and gas
	- full cost	   186,252	         -	 (113,786)	         -	   72,466

		$  186,252	$        -	$ (113,786)	$        -	$  72,466


Year ended
	March 31, 2000:
	Oil and gas
	- full cost	   186,191	       61	         -	         -	   186,252

		$  186,191	$      61	$        -	$        -	$  186,252


Year ended
	March 31, 1999:
	Oil and gas
	- full cost	$  186,156	$       35	$        -	$        -	$  186,191

		$  186,156	$       35	$        -	$        -	$  186,191




SCHEDULE VIII - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

There are no receivables and therefore no allowance for doubtful
accounts.