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


                                   FORM 10-QSB

                             Quarterly Report Under
                       the Securities Exchange Act of 1934

                      For Quarter Ended: December 31, 1999

                        Commission File Number: 000-24447



                            PARPUTT ENTERPRISES, INC.
        (Exact name of small business issuer as specified in its charter)



                                    Colorado
         (State or other jurisdiction of incorporation or organization)

                                   88-1446188
                        (IRS Employer Identification No.)

                             12835 E. Arapahoe Road
                               Tower I, Penthouse
                               Englewood, Colorado
                    (Address of principal executive offices)

                                      80112
                                   (Zip Code)

                                 (303) 768-9221
                           (Issuer's Telephone Number)

                        2851 South Parker Road, Suite 720
                             Aurora, Colorado 80014
              (Former name, former address and former fiscal year,
                          if changed since last report)


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 ____.

The number of shares of the  registrant's  only class of common stock issued and
outstanding, as of December 31, 1999, was 500,000 shares.



<PAGE>



                                     PART I

ITEM 1.           FINANCIAL STATEMENTS.

     The  unaudited  financial  statements  for the  three  month  period  ended
December 31, 1999 are attached hereto.

ITEM 2.           MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

     The following  discussion  should be read in conjunction with the Company's
unaudited financial  statements and notes thereto included herein. In connection
with, and because it desires to take advantage of, the "safe harbor"  provisions
of the Private  Securities  Litigation  Reform Act of 1995, the Company cautions
readers regarding certain forward looking statements in the following discussion
and  elsewhere  in this  report  and in any other  statement  made by, or on the
behalf of the Company,  whether or not in future filings with the Securities and
Exchange  Commission.  Forward  looking  statements  are statements not based on
historical  information  and  which  relate to  future  operations,  strategies,
financial  results  or  other  developments.   Forward  looking  statements  are
necessarily based upon estimates and assumptions that are inherently  subject to
significant business,  economic and competitive uncertainties and contingencies,
many of which are beyond the Company's  control and many of which,  with respect
to future business  decisions,  are subject to change.  These  uncertainties and
contingencies can affect actual results and could cause actual results to differ
materially from those expressed in any forward looking statements made by, or on
behalf of, the Company.  The Company  disclaims any obligation to update forward
looking statements.

     The Company  generated  no revenues  during the three month  period  ending
December 31, 1999.  Management of the Company  anticipates that the Company will
not  generate  any  significant  revenues  until the  Company  accomplishes  its
business  objective of merging with a nonaffiliated  entity or acquiring  assets
from the same.

     The Company's  securities  are  currently  not liquid.  There are no market
makers in the Company's  securities  and it is not  anticipated  that any market
will  develop  in the  Company's  securities  until  such  time  as the  Company
successfully implements its business plan of engaging in a business opportunity,
either by merger or acquisition of assets.  The Company  presently has no liquid
financial  resources to offer such a candidate and must rely upon an exchange of
its stock to complete such a merger or acquisition.

     Because the  Company is not  required to pay rent or salaries to any of its
officers or directors, management believes

                                        2

<PAGE>



that the  Company  has  sufficient  funds to  continue  operations  through  the
foreseeable future.

                           PART II. OTHER INFORMATION

ITEM 1.           LEGAL PROCEEDINGS - NONE

ITEM 2.           CHANGES IN SECURITIES - NONE

ITEM 3.           DEFAULTS UPON SENIOR SECURITIES - NONE

ITEM 4.           SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS -

                  NONE.

ITEM 5.           OTHER INFORMATION - NONE.

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K -

                  (a)      Exhibits

                           EX-27            Financial Data Schedule

                  (b)      Reports on Form 8-K

                           None.

                                        3

<PAGE>


<TABLE>

PARPUTT ENTERPRISES, INC.
(A Development Stage Company)
Unaudited
Balance Sheet

<CAPTION>
                                              Unaudited         Audited
                                             December 31,     September 30,
                                                 1999             1999
                                              ---------       -----------
<S>                                           <C>             <C>
ASSETS

  Current Assets - Cash                       $       0       $         0
                                              ---------       -----------
TOTAL ASSETS                                  $       0       $         0
                                              =========       ===========

LIABILITIES AND SHAREHOLDERS' EQUITY

  Liabilities                                 $       0       $         0
                                              ---------       -----------
SHAREHOLDERS' EQUITY

  Common Stock, $.0001 Par Value;
  100,000,000 Shares Authorized,
  500,000 Issued and Outstanding at
  December 31, 1999 and September 30,
  1999, respectively                          $      50       $        50

  Preferred Stock, $.001 Par Value;
  25,000,000 Shares Authorized,
  No Shares Issued and Outstanding                    0                 0

  Additional Paid In Capital
    on Common Stock                                 450               450

  Deficit Accumulated During
    the Development Stage                          (500)             (500)
                                              ---------       -----------

Total Shareholders' Equity                    $       0       $         0
                                              ---------       -----------
TOTAL LIABILITIES
  AND SHAREHOLDERS' EQUITY                    $       0       $         0
                                              =========       ===========



</TABLE>



                                        4

<PAGE>

<TABLE>


PARPUTT ENTERPRISES, INC.
(A Development Stage Company)
Unaudited
Statement of Operations

<CAPTION>
                                 For the       For the    November 4, 1996
                              Three Months   Three Months    (Inception)
                                  Ended         Ended           Thru
                               December 31,  December 31,    December 31,
                                   1999          1998           1999
                              ------------   ------------   -------------
<S>                           <C>            <C>            <C>
Revenue                       $          0   $          0   $           0
                              ------------   ------------   -------------
Expenses                                 0              0             500
                              ------------   ------------   -------------
Net (Loss) Accumulated
  During The Development
  Stage                       $          0   $          0  $         (500)
                              ============   ============  ==============

Net (Loss) Per Share          $     ($0.00)  $     ($0.00) $       ($0.00)
                              ============   ============  ==============
Common Shares
  Outstanding                      500,000        500,000         500,000
                              ============   ============  ==============


</TABLE>


                                        5

<PAGE>

<TABLE>


PARPUTT ENTERPRISES, INC.
(A Development Stage Company)
Unaudited
Cash Flow Statement

<CAPTION>
                                    For the       For the    November 6, 1996
                                 Three Months   Three Months    (Inception)
                                     Ended          Ended          Thru
                                  December 31,   December 31,   December 31,
                                      1999          1998           1999
                                 ------------   ------------   --------------
<S>                              <C>            <C>            <C>
Net (Loss) Accumulated During
 The Development Stage           $          0   $          0   $        (500)

Issuance of Common Stock For
 Cash Advances & Services                   0              0             500
                                 ------------   ------------   -------------
Net Cash Flows
    From Operations                         0              0               0

Cash Flows From
  Financing Activities:

    Issuance of Common Stock                0              0               0
                                 ------------   ------------   -------------
Net Cash Provided
    by Financing Activities                 0              0               0
                                 ------------   ------------   -------------

Net Increase (Decrease) in Cash             0              0               0

Cash At Beginning of Period                 0              0               0
                                 ------------   ------------   -------------
Cash At End of Period            $          0   $          0   $           0
                                 ============   ============   =============

Supplementary Disclosure of
  Cash Flow Information:

    Noncash Financing Activities:
      Common Stock Issued For
      Cash Advances & Services   $          0   $          0   $         500
                                 ============   ============   =============

</TABLE>


                                        6

<PAGE>

<TABLE>


PARPUTT ENTERPRISES, INC.
(A Development Stage)
Unaudited
Statement of Shareholders' Equity

<CAPTION>
                                                           Deficit
                                                         Accumulated
                        Number of            Additional   During the
                          Shares     Common    Paid In   Development
                       Common Stock   Stock    Capital      Stage      Total
                       ------------  ------  ----------  -----------  -------
<S>                    <C>           <C>     <C>         <C>          <C>
Balance at
  November 4, 1996                0  $    0  $        0  $        0   $     0

Issuance of Common Stock:
  November 4, 1996 For
  Cash Advances and
  Services At $.001 Per
  Share                     500,000  $   50         450           0       500

Net (Loss)                                                     (500)     (500)
                       ------------  ------  ----------  ----------   -------
Balance at September
  30, 1997, 1998,
  & 1999                    500,000      50         450        (500)        0

Net (Loss)                                                        0         0
                       ------------  ------  ----------  ----------   -------
Balance at
  December 31, 1999         500,000      50  $      450  $     (500)  $     0
                       ============  ======  ==========  ==========   =======




</TABLE>


                                        7

<PAGE>



PARPUTT ENTERPRISES, INC.
Notes to Unaudited Financial Statements
For The Three Month Period Ended December 31, 1999
--------------------------------------------------

Note 1 - Unaudited Financial Information
----------------------------------------

The unaudited financial  information included for the three month interim period
ended  December 31, 1999,  were taken from the books and records  without audit.
However,  such information  reflects all adjustments  (consisting only of normal
recurring  adjustments,  which are of the opinion of  management,  necessary  to
reflect  properly  the  results of interim  period  presented).  The  results of
operations  for  the  three  month  period  ended  December  31,  1999,  are not
necessarily  indicative  of the  results  expected  for the  fiscal  year  ended
September 30, 2000.

Note 2 - Financial Statements
-----------------------------

Management  has  elected to omit  substantially  all  footnotes  relating to the
condensed  financial  statements  of the Company  included in the report.  For a
complete  set of  footnotes,  reference is made to the  Company's  Form 10-SB as
filed with the  Securities  and Exchange  Commission  and the audited  financial
statements for the fiscal year ended September 30, 1999, included therein.











                                        8

<PAGE>



                                   SIGNATURES


     Pursuant to the  requirements  of Section 12 of the Securities and Exchange
Act of 1934,  the  Registrant  has duly  caused  this report to be signed on its
behalf by the undersigned, thereunto duly authorized.

                                        PARPUTT ENTERPRISES, INC.
                                        (Registrant)

                                        Dated:  February 9, 2000



                                        By:  s/Andrew I. Telsey
                                           --------------------
                                           Andrew I. Telsey,
                                           President



                                        9

<PAGE>


                            PARPUTT ENTERPRISES, INC.

                EXHIBIT INDEX TO QUARTERLY REPORT ON FORM 10-QSB
                     FOR THE QUARTER ENDED DECEMBER 31, 1999

EXHIBITS                                                                Page No.

  EX-27  Financial Data Schedule..............................................11



                                       10