U. S. Securities and Exchange Commission
                             Washington, D. C. 20549


                                   FORM 10-QSB


[X]     QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT OF 1934

        For the quarterly period ended March 31, 2002

[ ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT OF 1934

         For the transition period from                to
                                        --------------    ------------------


                               Commission File No.
                                     0-30657

                            WASATCH WEB ADVISORS, INC.
                 (Name of Small Business Issuer in its Charter)


                 UTAH                                     87-0638510
      (State or Other Jurisdiction of            (I.R.S. Employer I.D. No.)
       incorporation or organization)


                          4848 South Highland Dr. #140
                           Salt Lake City, Utah 84117
                    (Address of Principal Executive Offices)

                    Issuer's Telephone Number: (310) 795-0252

                              None, Not Applicable;

                                   -----------
          (Former Name or Former Address, if changed since last Report)


     Indicate  by check mark  whether the  Registrant  (1) has filed all reports
required to be filed by Sections 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.

(1)  Yes  X    No              (2)  Yes  X      No
         ----     ----                  ----         ----
<PAGE>

APPLICABLE  ONLY TO  ISSUERS  INVOLVED  IN  BANKRUPTCY  PROCEEDINGS  DURING  THE
PRECEDING FIVE YEARS

     None, Not Applicable;

     APPLICABLE  ONLY  TO  CORPORATE  ISSUERS  Indicate  the  number  of  shares
outstanding  of each of the  Registrant's  classes  of common  stock,  as of the
latest practicable date:

                                 March 31, 2002

                                    1,186,857

PART I - FINANCIAL INFORMATION

Item 1.Financial Statements.

The Financial Statements of the Registrant required to be filed with this 10-QSB
Quarterly Report were prepared by management and commence on the following page,
together  with  related  Notes.  In the  opinion of  management,  the  Financial
Statements  fairly  present  the  financial  condition  of the  Registrant.  The
Financial  Statements  have been  reviewed  and are on file  with the  Company's
Auditor.

<PAGE>
<TABLE>
<CAPTION>

                           WASATCH WEB ADVISORS, INC.
                          [A Development Stage Company]
                                  Balance Sheet
                   As of March 31, 2002 and December 31, 2001

                                                                03/31/2002      12/31/2001
                                                                ----------      ----------
                                                                [Unaudited]
ASSETS

        Current Assets

<S>                                                              <C>            <C>
               Cash                                              $  9,505       $ 12,669
                                                                 --------       --------
        Total Current Assets                                     $  9,505       $ 12,669

        Property and Equipment
               Property and Equipment                            $  4,003       $  4,003
               Less: Accumulated Depreciation                      (2,408)        (2,175)
        Total Property and Equipment                             $  1,595       $  1,828
                                                                 --------       --------
TOTAL ASSETS                                                     $ 11,100       $ 14,497

LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES

        Current Liabilities
               Accrued Liabilities                                $     0       $    698
               Payable to shareholder                                   0              0
               Income taxes payable -                                 100            100
                                                                  -------       --------
        Total Current Liabilities                                     100            798

TOTAL LIABILITIES                                                     100            798

STOCKHOLDERS' EQUITY

        Capital stock - 50,000,000 shares authorized at $0.01 par;
           1,186,857, shares issued and outstanding
                                                                   11,869         11,869
        Additional paid-in capital                                 24,671         24,671
        Deficit accumulated during development stage              (25,540)       (22,841)

TOTAL STOCKHOLDERS  EQUITY                                         11,000         13,699

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY                       $  11,100         14,497



</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                           WASATCH WEB ADVISORS, INC.
                          [A Development Stage Company]
                            STATEMENTS OF OPERATIONS
                    For the Three Months Ended March 31, 2002 and 2001
            and for the period from inception through March 31, 2002
                                                                                         For the
                                                                                         period from
                                                                                         Inception
                                                                                         [9/14/99]
                                                                                          through
                                                  Three Months       Three Months          3/31/02
                                                      Ended             Ended
                                                     3/31/02           3/31/01
                                                 ---------------   ---------------      -----------
                                                   [Unaudited]       [Unaudited]


<S>                                             <C>               <C>
Revenues                                        $              0  $              0      $     4,868
Cost of Sales                                   $              0  $              0      $     1,375
                                                 ---------------   ---------------      -----------
    Gross Margin                                               0                 0            3,493

General and Administrative Expenses                        2,699             5,112           28,733
                                                 ---------------   ---------------      -----------

Net Income/(Loss) from Operations                         (2,699)           (5,112)         (25,240)
                                                 ---------------   ---------------      -----------

Net Income/(Loss) Before Taxes                  $         (2,699)  $        (5,112)     $   (25,240)
                                                 ===============   ===============      ===========

Income/Franchise taxes                                         0                 0              300

Net Income/ (Loss)                                        (2,699)           (5,112)         (25,540)

Income/(Loss) Per Share                         $          (0.01)  $         (0.01)     $     (0.02)
                                                 ===============   ===============      ===========

Weighted Average Shares Outstanding                    1,186,857         1,186,857         1,120,793
                                                 ===============   ===============      ===========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                           WASATCH WEB ADVISORS, INC.
                          [A Development Stage Company]
                            STATEMENTS OF CASH FLOWS
                    For the Three Months Ended March 31, 2002 and 2001
            and for the period from inception through March 31, 2002
                                                                                         For the
                                                                                         period from
                                                                                         Inception
                                                                                         [09/14/99]
                                                                                         through
                                                    Three Months       Three Months      3/31/02
                                                        Ended            Ended
                                                        3/31/02          3/31/01
                                                    -------------    --------------     ------------
                                                     [Unaudited]      [Unaudited]

Cash Flows Used For Operating Activities
------------------------------------------------
<S>                                                <C>              <C>
  Net Loss                                         $       (2,699)   $       (5,112)     $   (25,540)
  Adjustments to reconcile net loss to net cash
    used in operating activities:
    Depreciation                                              233               233            2,408
    Increase/(Decrease) in accounts payable                     0                 0                0
    Increase/(Decrease) in Taxes Payable                        0                 0              100
    Shares issued for forgiveness of debt                       0                 0            5,000
    Increase/(Decrease) in accrued liabilities               (698)                0                0
                                                    -------------    --------------     ------------
      Net Cash Used For Operating Activities               (3,164)           (4,879)         (18,032)
                                                    =============    ==============     ============

Cash Flows Provided by Investing Activities
----------------------------------------------------
   (Increase)/Decrease in Property, Plant &                     0                 0           (4,003)
Equipment                                           -------------    --------------     ------------
      Net Cash Used for Investing Activities                    0                 0           (4,003)
                                                    =============    ==============     ============

Cash Flows Provided by Financing Activities
---------------------------------------------------
   Issued stock for cash                                        0             1,540           31,540
                                                    -------------    --------------      ------------
      Net Cash Provided by Financing Activities                 0                 0           31,540
                                                    =============    ==============     ============

      Net Increase/(Decrease) In Cash                      (3,164)           (3,339)           9,505

      Beginning Cash Balance                               12,669            20,293                0

      Ending Cash Balance                       $           9,505 $          16,954            9,505
                                                    -------------    --------------     ------------

</TABLE>
<PAGE>

                           WASATCH WEB ADVISORS, INC.
                   Notes to the Interim Financial Statements


NOTE 1- BASIS OF PRESENTATION

          The accompanying unaudited interim financial statements of Wasatch Web
          Advisors,  Inc.  have  been  prepared  in  accordance  with  generally
          accepted  accounting  principles  and the rule of the  Securities  and
          Exchange  Commission  ("SEC"),  and should be read in conjunction with
          the audited  financial  statements and notes thereto contained in this
          Registration Statement. In the opinion of management, all adjustments,
          consisting  of  normal  recurring  adjustments,  necessary  for a fair
          presentation  of financial  position and the results of operations for
          interim are not  necessarily  indicative of the results to be expected
          for the full year.

<PAGE>


Item 2.Management's Discussion and Analysis or Plan of Operation.

Plan of Operation.

     The  Company has  created  relationships  with  several  clients  through a
all-in-one  website  service  contract.   Furthermore,   the  Company  plans  on
increasing its client base through  advertisement and by broadening the services
in which it currently provides.

     The Company's  operations  during the quarterly  period ended March 31,
2002,  resulted in no revenues and incurred expenses of $2,699,  stemming
from costs related to general and administrative expenses.

Liquidity

     At March 31, 2002,  the Company had total current assets of $9,505 and
total  liabilities  of $100.

PART II - OTHER INFORMATION

Item 1.Legal Proceedings.

None; not applicable.

Item 2.Changes in Securities.

None; not applicable

Item 3.Defaults Upon Senior  Securities.

None; not applicable.

Item 4.Submission of Matters to a Vote of Security Holders.

None; not applicable

Item 5.Other Information.

None; applicable

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

None; not applicable

(b)Reports on Form 8-K.

None; Not Applicable.


<PAGE>

SIGNATURES

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

                            WASATCH WEB ADVISORS, INC.



Date:05/15/02               /S/ JAMES DOOLIN
                            James Doolin, President and Director