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

                           FORM 10-QSB

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

     For the quarterly period ended September 30, 2000

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

     For the transition period from     to

                  Commission File No. 000-29125

                 FANCARD ACQUISITION CORPORATION
     (Exact name of small business issuer as specified in its charter)

            Nevada                               87-0644407
     (State or other jurisdiction of      (IRS Employer Identification No.)
     incorporation or organization)

    8 East Broadway,  Suite 620, Salt Lake City, Utah  84111
             (Address of principal executive offices)

                          801-532-7858
                   (Issuer's telephone number)

                         Not Applicable
(Former name, address and fiscal year, if changed since last report)

Check  whether the issuer (1) has filed all reports required  to
be  filed by Section 13 or 15(d) of the Exchange Act during  the
preceding 12 months (or for such shorter period that the  issuer
was required to file such reports), and (2) has been subject  to
such filing requirements for the past 90 days. Yes [ X] No [  ]

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

Check whether the registrant has filed all documents and reports
required  to  be  filed by Sections 12,  13,  or  15(d)  of  the
Exchange Act subsequent to the distribution of securities  under
a plan confirmed by a court. Yes [  ]  No  [  ]

APPLICABLE ONLY TO CORPORATE ISSUERS:

State  the number of shares outstanding of each of the  issuer's
classes  of  common equity, as of September 30,  2000:   500,000
shares of common stock.

Transitional Small Business Format:  Yes [   ]  No [ X ]
<PAGE>


                           FORM 10-QSB
                 FANCARD ACQUISITION CORPORATION

                              INDEX
                                                       Page
PART I.   Financial Information

          Unaudited Condensed Balance Sheets-             3
          September 30, 2000 and December 31, 1999

          Unaudited    Condensed   Statements    of       4
          Operations for the Three and Nine  Months
          Ended  September  30, 2000  and  for  the
          Period  From  Inception on  December  23,
          1999 through September 30, 2000

          Unaudited  Condensed Statements  of  Cash       5
          Flows for the Three and Nine Months Ended
          September  30,  2000 and for  the  Period
          From   Inception  on  December  23,  1999
          through September 30, 2000

          Notes     to    Consolidated    Financial       6
          Statements

          Management's Plan of Operation                  9

PART II.  Other Information                              10

          Signatures                                     10




                                2
<PAGE>



                 PART I.  FINANCIAL INFORMATION

                 FANCARD ACQUISITION CORPORATION
                  [A Development Stage Company]

                    CONDENSED BALANCE SHEETS

                           [Unaudited]

                             ASSETS

                                        September 30, December 31,
                                             2000         1999
                                         ___________  ___________
CURRENT ASSETS:
  Cash in bank                             $    415    $    2,000
                                         ___________  ___________
        Total Current Assets                    415         2,000
                                         ___________  ___________
                                           $    415    $    2,000
                                         _________________________


              LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
  Accounts payable                         $    150    $      550
                                         ___________  ___________
        Total Current Liabilities               150           550
                                         ___________  ___________

STOCKHOLDERS' EQUITY:
  Preferred stock, $.001 par value,
   10,000,000 shares authorized,
   no shares issued and outstanding               -             -
  Common stock, $.001 par value,
   50,000,000 shares authorized,
   500,000 shares issued and
   outstanding                                  500           500
  Capital in excess of par value              1,500         1,500
  Deficit accumulated during the
    development stage                       (1,735)         (550)
                                         ___________  ___________
        Total Stockholders' Equity              265         1,450
                                         ___________  ___________
                                           $    415    $    2,000
                                        __________________________



Note:  The  balance  sheet at December 31, 1999 was taken  from  the
   audited financial statements at that date and condensed.
 The accompanying notes are an integral part of these unaudited
                 condensed financial statements.
                                3
<PAGE>



                 FANCARD ACQUISITION CORPORATION
                  [A Development Stage Company]


               CONDENSED STATEMENTS OF OPERATIONS

                           [Unaudited]


                                                              From Inception
                             For the Three   For the Nine     on December 23,
                             Months Ended    Months Ended      1999 Through
                             September 30,   September 30,      September 30,
                                  2000            2000              2000
                              _________________________________________
REVENUE                        $        -   $        -    $           -

EXPENSES:
General and Administrative            150        1,185            1,735
                              _________________________________________
LOSS BEFORE INCOME TAXES             (150)      (1,185)          (1,735)

CURRENT TAX EXPENSE                     -            -                -

DEFERRED TAX EXPENSE                    -            -                -
                              _________________________________________

NET LOSS                         $   (150)   $  (1,185)    $    (1,735)
                              _________________________________________

LOSS PER COMMON SHARE           $    (.00)   $   (.00)     $      (.00)
                              __________________________________________




 The accompanying notes are an integral part of these unaudited
                 condensed financial statements.
                                4
<PAGE>


                 FANCARD ACQUISITION CORPORATION
                  [A Development Stage Company]

               CONDENSED STATEMENTS OF CASH FLOWS

                           [Unaudited]

                                                             From Inception
                             For the Three  For the Nine    on December 23,
                             Months Ended   Months Ended      1999 Through
                              September 30,  September 30,    September 30,
                                  2000           2000              2000
                                   ____________________________________
Cash Flows From Operating Activities:
Net loss                        $  (150)     $   (1,185)      $  (1,735)
Adjustments to reconcile net loss to
net cash used by operating activities:
Changes is assets and liabilities:
Increase (decrease) in accounts
payable                             150            (400)            150
                                   ____________________________________
Net Cash (Used) by Operating
Activities                             -          (1,585)        (1,585)
                                   ____________________________________
Cash Flows From Investing Activities       -          -           -
                                   ____________________________________
Net Cash Provided by Investing Activities  -          -           -
                                   ____________________________________

Cash Flows From Financing Activities:

Proceeds from issuance of common stock     -          -         2,000
                                  ____________________________________
Net Cash Provided by Financing Activities  -          -         2,000
                                  ____________________________________
Net Increase (Decrease) in Cash            -     (1,585)          415

Cash at Beginning of Period              415      2,000          -
                                  ____________________________________
Cash at End of Period               $    415  $     415  $       415
                                  ____________________________________

Supplemental Disclosures of Cash Flow Information:

 Cash paid during the period for:
   Interest                         $      -  $       -  $         -
   Income taxes                     $      -  $       -  $         -

Supplemental Schedule of Noncash Investing and Financing
Activities:

For the nine months ended September 30, 2000:
     None



 The accompanying notes are an integral part of these unaudited
                 condensed financial statements.

                                5
<PAGE>


                 FANCARD ACQUISITION CORPORATION
                  [A Development Stage Company]

        NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

  Organization - Fancard Acquisition Corporation (the Company)  was
  organized  under the laws of the State of Nevada on December  23,
  1999.  The Company has not commenced planned principal operations
  and  is  considered  a development stage company  as  defined  in
  Statement  of Financial Accounting Standards (SFAS) No.  7.   The
  Company is seeking potential business ventures.  The Company has,
  at  the  present time, not paid any dividends and  any  dividends
  that  may  be  paid in the future will depend upon the  financial
  requirements of the Company and other relevant factors.

  Condensed  Financial  Statements  -  The  accompanying  financial
  statements have been prepared by the Company without  audit.   In
  the  opinion  of management, all adjustments (which include  only
  normal  recurring  adjustments) necessary to present  fairly  the
  financial  position,  results of operations  and  cash  flows  at
  September  30, 2000 and 1999 and for the periods then ended  have
  been made.

  Certain information and footnote disclosures normally included in
  financial   statements  prepared  in  accordance  with  generally
  accepted  accounting principles have been condensed  or  omitted.
  It is suggested that these condensed financial statements be read
  in  conjunction with the financial statements and  notes  thereto
  included  in  the  company's December 31, 1999 audited  financial
  statements.   The  results of operations for  the  periods  ended
  September  30,  2000  are  not  necessarily  indicative  of   the
  operating results for the full year.

  Organization  Costs - Organization costs, which  reflect  amounts
  expended  to  organize the Company, amounted  to  $550  and  were
  expensed during the period ended December 31, 1999.

  Loss  Per  Share - The computation of loss per share is based  on
  the  weighted  average  number of shares outstanding  during  the
  period  presented  in  accordance  with  Statement  of  Financial
  Accounting Standards No. 128, "Earnings Per Share".  [See Note 6]

  Cash  and  Cash  Equivalents  - For  purposes  of  the  financial
  statements,   the  Company  considers  all  highly  liquid   debt
  investments purchased with a maturity of three months or less  to
  be cash equivalents.

  Accounting Estimates - 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, the  disclosures  of
  contingent  assets and liabilities at the date of  the  financial
  statements,  and  the  reported amount of revenues  and  expenses
  during  the  reported period.  Actual results could  differ  from
  those estimated.

                                6

<PAGE>


                 FANCARD ACQUISITION CORPORATION
                  [A Development Stage Company]

        NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Continued]

  Recently  Enacted Accounting Standards - Statement  of  Financial
  Accounting Standards (SFAS) No. 132, "Employer's Disclosure about
  Pensions  and  Other  Postretirement  Benefits",  SFAS  No.  133,
  "Accounting  for Derivative Instruments and Hedging  Activities",
  SFAS  No. 134, "Accounting for Mortgage-Backed Securities.", SFAS
  No.  135  "Rescission  of FASB Statement  No.  75  and  Technical
  Corrections", SFAS No. 136, "Transfers of Assets  to  a  not  for
  profit  organization  or charitable trust that  raises  or  holds
  contributions  for others, " and SFAS No. 137, "  Accounting  for
  Derivative Instruments and Hedging Activities - deferral  of  the
  effective  date of FASB Statement No. 133 (an amendment  of  FASB
  Statement  No. 133)," were recently issued.  SFAS No.  132,  133,
  134,  135,  136,  and  137 have no current applicability  to  the
  Company  or  their effect on the financial statements  would  not
  have been significant.

NOTE 2 - CAPITAL STOCK

  Preferred Stock - The Company has authorized 10,000,000 shares of
  preferred  stock, $.001 par value, with such rights,  preferences
  and designations and to be issued in such series as determined by
  the  Board of Directors. No shares are issued and outstanding  at
  September 30, 2000.

  Common  Stock  -  During December 1999, in  connection  with  its
  organization, the Company issued 500,000 shares of its previously
  authorized,  but unissued common stock.  The shares  were  issued
  for cash of $2,000 (or $.004 per share).

NOTE 3 - INCOME TAXES

  The   Company  accounts  for  income  taxes  in  accordance  with
  Statement  of Financial Accounting Standards No. 109  "Accounting
  for  Income Taxes".  SFAS No. 109 requires the Company to provide
  a  net  deferred tax asset/liability equal to the expected future
  tax  benefit/expense  of temporary reporting differences  between
  book  and tax accounting methods and any available operating loss
  or  tax credit carryforwards.  At September 30, 2000, the Company
  has   available   unused   operating   loss   carryforwards    of
  approximately $1,700, which may be applied against future taxable
  income and which expire in 2019 through 2020.

  The  amount of and ultimate realization of the benefits from  the
  operating   loss  carryforwards  for  income  tax   purposes   is
  dependent,  in  part  upon the tax laws  in  effect,  the  future
  earnings of the Company, and other future events, the effects  of
  which   cannot   be  determined.   Because  of  the   uncertainty
  surrounding the realization of the loss carryforwards the Company
  has established a valuation allowance equal to the tax effect  of
  the  loss carryforwards and, therefore, no deferred tax asset has
  been recognized for the loss carryforwards.  The net deferred tax
  assets  are approximately $600 and $200 as of September 30,  2000
  and December 31, 1999, respectively, with an offsetting valuation
  allowance  at each period end of the same amount resulting  in  a
  change  in the valuation allowance of approximately $400 for  the
  nine months ended September 30, 2000.

NOTE 4 - RELATED PARTY TRANSACTIONS

  Management  Compensation - As of September 30, 2000, the  Company
  has  not paid any compensation to any officer or director of  the
  Company.

  Office  Space  -  The Company has not had a need to  rent  office
  space.   An  officer/shareholder of the Company is  allowing  the
  Company to use his/her office as a mailing address, as needed, at
  no expense to the Company.
                                7
<PAGE>


                 FANCARD ACQUISITION CORPORATION
                  [A Development Stage Company]

        NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 5 - GOING CONCERN

  The  accompanying  financial statements  have  been  prepared  in
  conformity  with generally accepted accounting principles,  which
  contemplate  continuation  of the Company  as  a  going  concern.
  However,  the  Company  was only recently  formed,  has  incurred
  losses  since  its inception and has not yet been  successful  in
  establishing   profitable   operations.   These   factors   raise
  substantial doubt about the ability of the Company to continue as
  a  going  concern.  In this regard, management  is  proposing  to
  raise  any  necessary additional funds not provided by operations
  through  additional  sales  of its common  stock.   There  is  no
  assurance  that  the Company will be successful in  raising  this
  additional  capital  or  achieving  profitable  operations.   The
  financial  statements do not include any adjustments  that  might
  result from the outcome of these uncertainties.

NOTE 6 - LOSS PER SHARE

The following data show the amounts used in computing loss per share for
the periods presented:

                                                                 From Inception
                             For the Three      For the Nine     on December 23,
                             Months Ended       Months Ended     1999 Through
                             September 30,      September 30,     September 30,
                                 2000               2000               2000
                              ___________     _________________   ____________
Loss from continuing operations
available to common shareholders
(numerator)                   $  (150)           $ (1,185)         $  (1,735)
                              ___________    __________________    ___________

Weighted average number of
common shares outstanding used
in loss per share for the period
(denominator)                 500,000             500,000            500,000
                            ___________      __________________    ___________



                                8
<PAGE>



             MANAGEMENT'S DISCUSSION AND ANALYSIS OF
             FINANCIAL CONDITION OR PLAN OF OPERATION

Three Month periods Ended September 30, 2000

The  Company  had no revenue from continuing operations  for  the
three months ended September 30, 2000.

General  and  administrative expenses for the three months  ended
September    30,    2000,   consisted   of   general    corporate
administration, legal and professional expenses,  and  accounting
and  auditing  costs.  These expenses were  $150  for  the  three
months ended September 30, 2000.

As  a result of the foregoing factors, the Company realized a net
loss of $150 for the three months ended September 30, 2000.

Period of Inception on December 23, 1999 to the Nine Months Ended
September 30, 2000

The  Company  had no revenue from continuing operations  for  the
period  from  inception to the nine months  ended  September  30,
2000.

General  and  administrative expenses for the nine  month  period
that  ended September 30, 2000 and for the period from  inception
to   September   30,   2000  consisted   of   general   corporate
administration, legal and professional expenses,  and  accounting
costs.   These  expenses were $1,185 for the  nine  months  ended
September  30, 2000 and $1,735 for the period from  inception  to
September 30, 2000.  The $550 difference is due to organizational
costs  that  were expensed during the period that ended  December
31, 1999.

As  a result of the foregoing factors, the Company realized a net
loss  of  $1,185  for  the nine months ended September  30,  2000
compared to a net loss of $1,735 for the period from inception to
September 30, 2000.

Liquidity and Capital Resources

At September 30, 2000, the Company had working capital of
approximately $265.

Management believes that its current cash needs can be met with
the cash on hand or from loans from its officers and directors
for at least the next twelve months.  However, there can be no
assurances to that effect, as the Company has no significant
revenues and the Company's need for capital may change
dramatically if, during that period, it acquires an interest in a
business opportunity.  Should the Company obtain a business
opportunity, it may be necessary to raise additional capital.
This may be accomplished by selling common stock of the Company
or debt financing.

The Company's current operating plan is to (i) handle the
administrative and reporting requirements of a public company,
and (ii) search for potential businesses, products, technologies
and companies for acquisition.  At present, the Company has no
understandings, commitments or agreements with respect to the
acquisition of any business venture, and there can be no
assurance that the Company will identify a business venture
suitable for acquisition in the future.  Further, there can be no
assurance that the Company would be successful in consummating
any acquisition on favorable terms or that it will be able to
profitably manage any business venture it acquires.

Forward-Looking Statement Notice

When  used  in  this  report, the words "may," "will,"  "expect,"
"anticipate,"  "continue," "estimate," "project,"  "intend,"  and
similar  expressions  are  intended to  identify  forward-looking
statements within the
                                9
<PAGE>



meaning  of Section 27A of the Securities Act of 1933 and Section
21E  of  the  Securities Exchange Act of 1934  regarding  events,
conditions,  and financial trends that may affect  the  Company's
future plans of operations, business strategy, operating results,
and  financial  position.   Persons  reviewing  this  report  are
cautioned  that any forward-looking statements are not guarantees
of  future performance and are subject to risks and uncertainties
and that actual results may differ materially from those included
within  the  forward-looking statements as a  result  of  various
factors.  Such factors are discussed under the headings "Item  1.
Description  of Business," and "Item 6.  Management's  Discussion
and  Analysis  of Financial Condition and Results of Operations,"
and also include general economic factors and conditions that may
directly  or indirectly impact the Company's financial  condition
or results of operations.

PART II.  OTHER INFORMATION

Exhibits and Reports on Form 8-K.

Reports on Form 8-K:  No reports on Form 8-K were filed by the
Company during the quarter ended September 30, 2000.

Exhibits: Included only with the electronic filing of this report
is the Financial Data Schedule for the Nine Month Period Ended
September 30, 2000 (Exhibit ref. No. 27).

                         SIGNATURES

In accordance with the Exchange Act, the registrant caused this
report to be signed on its behalf by the undersigned thereunto
duly authorized.

                              FANCARD ACQUISITION CORPORATION


Date: November 6, 2000
                                   By:/s/Cletha A. Walstrand
                                   Cletha A. Walstrand
                                   President, Secretary and Treasurer

                               10
<PAGE>