**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-QSB**

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

**OR**

**TRANSITION      REPORT UNDER SECTION 13 OF 15(d) OF THE EXCHANGE ACT OF      1934**

**CROWN      EQUITY HOLDINGS INC.**

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PART      I.      FINANCIAL INFORMATION

**Item      1. **
***Financial      Statements***

**Crown      Equity Holdings Inc.**

**BALANCE      SHEETS**

**(unaudited)**

|                                                                                                                                                                            |   | June                30, 2007 |       | December                31, 2006 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|------------|----------------------------------|--------|
| ASSETS                                                                                                                                                                          |   |                         |       |                             |   |
|                                                                                                                                                                            |   |                         |       |                             |   |
| Cash                                                                                                                                                                            |   | $                            | 18         |                             | $      | 27 |   |
| Total                assets                                                                                                                                                     |   | $                            | 18         |                             | $      | 27 |   |
|                                                                                                                                                                            |   |                         |       |                             |   |   |   |
|                                                                                                                                                                            |   |                         |       |                             |   |   |   |
| LIABILITIES                AND STOCKHOLDERS’ DEFICIT                                                                                                                      |   |                         |       |                             |   |   |   |
|                                                                                                                                                                            |   |                         |       |                             |   |   |   |
| Current                liabilities:                                                                                                                                             |   |                         |       |                             |   |   |   |
| Accounts                payable                                                                                                                                                 |   | $                            | 17,010     |                             | $      | 25,228 |   |
| Accounts                payable - related party                                                                                                                                 |   |                         | 53,583     |                             |   | 24,994 |   |
| Notes                payable                                                                                                                                                    |   |                         | 12,700     |                             |   | - |   |
| Advances                from related party                                                                                                                                      |   |                         | 110,928    |                             |   | 101,607 |   |
| Total                liabilities                                                                                                                                                |   |                         | 194,221    |                             |   | 151,829 |   |
|                                                                                                                                                                            |   |                         |       |                             |   |   |   |
| Stockholders’                deficit:                                                                                                                                     |   |                         |       |                             |   |   |   |
| Common                stock, .001 par value, 500,000,000 shares authorized,                53,244,650 and 53,244,650 shares issued and outstanding,                respectively |   |                         | 53,240     |                             |   | 53,240 |   |
| Additional                paid in capital                                                                                                                                       |   |                         | 2,833,730  |                             |   | 2,833,730 |   |
| Accumulated                deficit                                                                                                                                              |   |                         | (3,081,173 | )                                |   | (3,038,772 | ) |
| Total                stockholders’ deficit                                                                                                                                |   |                         | (194,203   | )                                |   | (151,802 | ) |
| Total                liabilities and stockholders’ deficit                                                                                                                |   | $                            | 18         |                             | $      | 27 |   |

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**Crown      Equity Holdings Inc.**

**STATEMENTS      OF OPERATIONS**

**(unaudited)**

|                                                |   | Three                Months EndedJune                30, |       | Six                Months EndedJune                30, |   |
|-----------------------------------------------------|--------|----------------------------------------------------------|------------|--------------------------------------------------------|--------|
|                                                |   | 2007                                                     |       | 2006                                                   |   | 2007 |   | 2006 |   |
| Operating                expenses:                  |   |                                                     |       |                                                   |   |   |   |   |   |   |   |   |   |
| General                and administrative           |   | $                                                        | 21,398     |                                                   | $      | 22,438 |   | $ | 42,401 |   | $ | 31,358 |   |
|                                                |   |                                                     |       |                                                   |   |   |   |   |   |   |   |   |   |
| Net                loss                             |   | $                                                        | (21,398    | )                                                      | $      | (22,438 | ) | $ | (42,401 | ) | $ | (31,358 | ) |
|                                                |   |                                                     |       |                                                   |   |   |   |   |   |   |   |   |   |
| Net                loss per share:                  |   |                                                     |       |                                                   |   |   |   |   |   |   |   |   |   |
| Net                loss basic and diluted           |   | $                                                        | (0.00      | )                                                      | $      | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) |
|                                                |   |                                                     |       |                                                   |   |   |   |   |   |   |   |   |   |
| Weighted                average shares outstanding: |   |                                                     |       |                                                   |   |   |   |   |   |   |   |   |   |
| Basic                and diluted                    |   |                                                     | 53,244,650 |                                                   |   | 51,077,980 |   |   | 53,244,650 |   |   | 49,661,320 |   |

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**Crown      Equity Holdings Inc.**

**STATEMENTS      OF CASH FLOWS**

**(unaudited)**

|                                                                                                  |   | Six                months ended June                30, |    |
|-------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------|---------|
|                                                                                                  |   | 2007                                                    |    | 2006 |   |
| Cash                flows from operating activities:                                                  |   |                                                    |    |   |   |   |   |
| Net                loss                                                                               |   | $                                                       | (42,401 | ) | $ | (31,358 | ) |
| Adjustments                to reconcile net loss to cash used by                operating activities: |   |                                                    |    |   |   |   |   |
| Net                change in:                                                                         |   |                                                    |    |   |   |   |   |
| Accounts                payable                                                                       |   |                                                    | (8,218  | ) |   | 25,056 |   |
| Accounts                payable - related party                                                       |   |                                                    | 28,589  |   |   | - |   |
| Cash                flows used in operating activities                                                |   |                                                    | (22,030 | ) |   | (6,302 | ) |
|                                                                                                  |   |                                                    |    |   |   |   |   |
| Cash                flows from financing activities:                                                  |   |                                                    |    |   |   |   |   |
| Net                advances from a related party                                                      |   |                                                    | 9,321   |   |   | 6,302 |   |
| Borrowing                on debt                                                                      |   |                                                    | 12,700  |   |   | - |   |
| Cash                provided by financing activities                                                  |   |                                                    | 22,021  |   |   | 6,302 |   |
|                                                                                                  |   |                                                    |    |   |   |   |   |
| Net                decrease in cash                                                                   |   |                                                    | (9      | ) |   | - |   |
| Cash,                beginning of period                                                              |   |                                                    | 27      |   |   | - |   |
| Cash,                end of period                                                                    |   | $                                                       | 18      |   | $ | - |   |
|                                                                                                  |   |                                                    |    |   |   |   |   |
| Supplemental                cash flow information:                                                    |   |                                                    |    |   |   |   |   |
| Interest                paid                                                                          |   | $                                                       | -       |   | $ | - |   |
| Income                taxes paid                                                                      |   |                                                    | -       |   |   | - |   |
| Non-cash                flow information                                                              |   |                                                    |    |   |   |   |   |
| Common                stock issued for accounts payable                                               |   |                                                    | -       |   |   | 182,171 |   |

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**Crown      Equity Holdings Inc.**

**NOTES      TO FINANCIAL STATEMENTS**

**(unaudited)**

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***Item      2. MANAGEMENT’S DISCUSSION AND ANALYSIS***

***This      report contains forward looking statements within the meaning of Section 27A      of      the Securities Act of 1933, as amended and Section 21E of the Securities      Exchange Act of 1934, as amended. The Company’s actual results could differ      materially from those set forth on the forward looking statements as a result      of      the risks set forth in the Company’s filings with the Securities and Exchange      Commission, general economic conditions, and changes in the assumptions used      in      making such forward looking statements.***

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