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 JUNE 30, 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 August 15, 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 JUNE 30, 2000 (UNAUDITED)             2
            AND DECEMBER 31, 1999

            STATEMENTS OF OPERATIONS FOR THE THREE MONTHS
            AND SIX MONTHS ENDED JUNE 30, 2000 AND JUNE
            30, 1999 AND FROM SEPTEMBER 15, 1998
            (INCEPTION) TO JUNE 30, 2000 (UNAUDITED)                  3

            STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS
            ENDED JUNE 30, 2000 AND JUNE 30, 1999 AND FOR
            THE PERIOD FROM SEPTEMBER 15, 1998 (INCEPTION)
            TO JUNE 30, 2000 (UNAUDITED)                              4

            NOTES TO FINANCIAL STATEMENTS AS OF JUNE 30,
            2000 (UNAUDITED)                                          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
                                                June 30,
                                                  2000          December 31,
                                               (unaudited)          1999
                                               ------------    ---------------

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



                  LIABILITIES AND STOCKHOLDERS' DEFICIENCY

LIABILITIES
  Loan payable to stockholder                  $   16,395      $          95
                                               ------------    ---------------

TOTAL LIABILITIES                                  16,395                 95
                                               ------------    ---------------

STOCKHOLDERS' DEFICIENCY
  Preferred stock, $0.001 par value,
   8,000,000 shares authorized, none
   issued and outstanding                            -                  -
  Common stock, $0.001 par value,
   100,000,000 shares authorized,
   1,029,400 issued and outstanding                 1,029              1,029
  Accumulated deficit during development
  stage                                           (17,424)            (1,124)
                                               ------------    ---------------

TOTAL STOCKHOLDERS' DEFICIENCY                    (16,395)               (95)
                                               ------------    ---------------

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


                See accompanying notes to financial statements

                                       2
<PAGE>

<TABLE>
<CAPTION>
                                VEDA CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF OPERATIONS
                                   (UNAUDITED)



                                                                                                       For the
                                                                                                       Period
                                                                                                        From
                                            For the        For the       For the        For the       September
                                             Three          Three          Six           Six           15, 1998
                                             Months         Months        Months        Months        (Inception)
                                             Ended          Ended         Ended         Ended             to
                                            June 30,       June 30,      June 30,      June 30,        June 30,
                                              2000          1999          2000           1999            2000
                                           -----------    ---------     ----------    -----------    ------------
<S>                                        <C>            <C>           <C>           <C>            <C>
REVENUES                                   $    -         $   -         $   -         $    -         $     -
                                           -----------    ---------     ----------    -----------    ------------

EXPENSES
  Accounting fees                              2,000           500         4,000            500           4,500
  Bank charges                                  -               30          -                30              95
  Consulting fees                               -               29          -                29              29
  Legal fees                                   3,000           500         6,000            500           6,500
  Office & postage expense                       750          -            1,500           -              1,500
  Rent                                         2,400          -            4,800           -              4,800
                                           -----------    ---------     ----------    -----------    ------------

NET LOSS                                   $  (8,150)     $ (1,059)     $(16,300)     $  (1,059)     $  (17,424)
--------                                   ===========    =========     ==========    ===========    ============


Net loss per share - basic and
diluted                                    $ (0.0079)     $(0.0011)     $(0.0158)     $ (0.0021)    $   (0.0243)
                                           ===========    =========     ==========    ===========    ============

Weighted average number of shares
  outstanding during the period -
  basic and diluted                        1,029,400       962,733       1,029,400      496,067         717,473
                                           ===========    =========     ==========    ===========    ============
</TABLE>



                See accompanying notes to financial statements

                                       3
<PAGE>

<TABLE>
<CAPTION>
                                VEDA CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)


                                                   For the        For the
                                                     six            six          September
                                                    months         months         15, 1998
                                                    ended          ended        (inception)
                                                   June 30,       June 30,      to June 30,
                                                     2000           1999           2000
                                                  -----------    -----------    -----------
<S>                                               <C>            <C>            <C>
Cash flows from operating activities
  Net loss                                        $  (16,300)    $   (1,059)    $  (17,424)
  Adjustments to reconcile net loss to
   net cash used in operating activities:
   Stock issued for services                           -                 29             29
                                                  -----------    -----------    -----------
    Net cash used in operating activities            (16,300)        (1,030)       (17,395)
                                                  -----------    -----------    -----------

Cash flows from financing activities
  Proceeds from issuance of common stock               -              1,000          1,000
  Loan proceeds from stockholder                      16,300            270         16,395
                                                  -----------    -----------    -----------
    Net cash provided by financing
    activities                                        16,300          1,270         17,395
                                                  -----------    -----------    -----------

Net increase in cash                                   -                240           -

Cash and cash equivalents - Beginning                  -              -               -
                                                  -----------    -----------    -----------

Cash and cash equivalents - ending                $    -         $      240     $     -
                                                  ===========    ===========    ===========
</TABLE>




                See accompanying notes to financial statements


                                       4
<PAGE>

                                VEDA CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2000
                                   (UNAUDITED)

NOTE  1     SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

            (A) Organization and Description of Business

            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 June 30, 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 regulation of the  Securities and Exchange  Commission for
            interim   financial   information   necessary  for  a  comprehensive
            presentation of financial position and results of operations.

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

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

            (C) Use of Estimates

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


                                        5
<PAGE>

                                VEDA CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2000
                                   (UNAUDITED)

NOTE  1     SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

            (D) Cash and Cash Equivalents

            For purposes of the cash flow statements,  the Company considers all
            highly liquid  investments with original  maturities of three months
            or less at time of purchase 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 No.109").  Under Statement
            No. 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 years 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
            expenses  or benefits  due to the  Company  not having any  material
            operations for the six months ended June 30, 2000.

            (F) Loss Per Share

            Net loss per common  share for the periods  presented  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
            June 30, 2000.

NOTE 2      LOAN PAYABLE TO STOCKHOLDER

            The loan  payable  to  stockholder  is a  non-interest-bearing  loan
            payable to PageOne Business Productions,  LLC. The amount is due and
            payable on demand.


                                       6
<PAGE>

                                VEDA CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2000
                                   (UNAUDITED)

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 June 30,
            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 June 30, 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 accumulated  losses of $17,424,  a working capital deficiency of
            $16,395  and has not  generated  any  revenues  since it has not yet
            implemented  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.

Results of Operations
---------------------
     During the period from  September  15, 1998  (inception)  through  June 30,
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 June 30, 2000, the Company
has $0 assets, and has accumulated losses of ($17,424).

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 $16,395 of cash  advances from a
stockholder.  The Company had a working capital deficiency of $16,395 as of June
30,  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.


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


 August 28, 2000                  By:      /s/ James Walters
 ---------------                       --------------------------------
                                           James Walters
                                           Chief Financial Officer
                                           (Principal Financial Officer)





                                        9
<PAGE>


                                  EXHIBIT INDEX


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