**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**





**FORM
      10-QSB**








(Mark
      One)





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





For
      the
      quarterly period ended September 30, 2007





**OR**





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





From
      the
      transition period from ___________ to ____________.





Commission
      File Number 0 -29935





**CROWN
      EQUITY HOLDINGS INC.**


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





Nevada
      33-0677140


(State
      or
      other jurisdiction of incorporation or organization)(IRS Employer Identification
      No.)





9680
      Tropicana Blvd. Suite 117, Las Vegas, Nevada 89147


(Address
      of principal executive offices)





(702)
      448-1543


(Issuer's
      telephone number)




(Former
      name, former address and former fiscal year, if changed since last
      report)


27430
      Riverside Lane, Valencia, CA 91354





Indicate
      by check mark whether the registrant (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
      o





As
      of
      November 10, 2007 there were 53,244,650 shares of Common Stock of the issued
      and
      outstanding.









PART
      I.
      FINANCIAL INFORMATION





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





**Crown
      Equity Holdings Inc.**


**CONSOLIDATED
      BALANCE SHEETS**


**(unaudited)**








September
                30, 2007
            
            December
                31, 2006ASSETSCash
            
            $
            744
            
            $
            27Total
                assets
            
            $
            744
            
            $
            27LIABILITIES
                AND STOCKHOLDERS’ DEFICITCurrent
                liabilities:Accounts
                payable
            
            $
            15,767
            
            $
            25,228Accounts
                payable - related party
            
            
            72,268
            
            
            24,994Notes
                payable
            
            
            12,700
            
            
            -Advances
                - other
            
            
            116,812
            
            
            101,607Total
                liabilities
            
            
            217,547
            
            
            151,829Stockholders’
                deficit:Common
                stock, .001 par value, 500,000,000 shares
              authorized,
                53,244,650 shares issued and outstanding, respectively
            
            
            53,240
            
            
            53,240Additional
                paid in capital
            
            
            2,833,730
            
            
            2,833,730Accumulated
                deficit
            
            
            (3,103,773
            )
            
            (3,038,772
            )Total
                stockholders’ deficit
            
            
            (216,803
            )
            
            (151,802
            )Total
                liabilities and stockholders’ deficit
            
            $
            744
            
            $
            27








See
      accompanying notes to the financial statements




2




**Crown
      Equity Holdings Inc.**


**CONSOLIDATED
      STATEMENTS OF OPERATIONS**


**(unaudited)**





Three
                Months Ended
              September
                30,
            
            Nine
                Months Ended
              September
                30,2007
            
            2006
            
            2007
            
            2006Operating
                expenses:General
                and administrative
            
            $
            22,600
            
            $
            13,190
            
            $
            65,001
            
            $
            44,548Net
                loss
            
            $
            (22,600
            )
            $
            (13,190
            )
            $
            (65,001
            )
            $
            (44,548
            )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
            
            
            53,244,650
            
            
            53,244,650
            
            
            53,244,650








See
      accompanying notes to the financial statements





3





**Crown
      Equity Holdings Inc.**


**CONSOLIDATED
      STATEMENTS OF CASH FLOWS**


**(unaudited)**





Nine
                months ended
              September
                30,2007
            
            2006Cash
                flows from operating activities:Net
                loss
            
            $
            (65,001
            )
            $
            (44,548
            )Adjustments
                to reconcile net loss to cash used
              by
                operating activities:Net
                change in:Accounts
                payable
            
            
            (9,461
            )
            
            35,646Accounts
                payable - related party
            
            
            47,274
            
            
            -Cash
                flows used in operating activities
            
            
            (27,188
            )
            
            (8,902
            )Cash
                flows from financing activities:Net
                advances from a related party
            
            
            15,205
            
            
            -Borrowing
                on debt
            
            
            12,700
            
            
            8,902Cash
                provided by financing activities
            
            
            27,905
            
            
            8,902Net
                increase in cash
            
            
            717
            
            
            -Cash,
                beginning of period
            
            
            27
            
            
            -Cash,
                end of period
            
            $
            744
            
            $
            -







See
      accompanying notes to the financial statements




4




**Crown
      Equity Holdings Inc.**


**NOTES
      TO** **CONSOLIDATED
      FINANCIAL STATEMENTS**


**(unaudited)**





NOTE
      1 -
      BASIS OF PRESENTATION




The
      accompanying unaudited consolidated interim financial statements of Crown Equity
      Holdings Inc. (“Crown Equity”) have been prepared in accordance with accounting
      principles generally accepted in the United States of America and the rules
      of
      the Securities and Exchange Commission (“SEC”), and should be read in
      conjunction with the audited financial statements and notes thereto contained
      in
      the Company’s December 31, 2006 Annual Report filed with the SEC on Form 10-KSB.
      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 the interim periods presented have been reflected
      herein. The results of operations for interim periods are not necessarily
      indicative of the results to be expected for the full year. Notes to the
      financial statements which would substantially duplicate the disclosure
      contained in the audited financial statements for the most recent fiscal year
      end December 31, 2006 as reported on Form 10-KSB, have been
      omitted.





In
      July,
      2007, Crown Equity formed a wholly-owned subsidiary, Crown Trading Systems,
      Inc.
      (“CTS”), a Nevada corporation. For the nine months ended September 30, 2007, CTS
      recorded no revenues and incurred $839 of general and administrative expenses. The
      consolidated financial statements include the accounts of Crown Equity and
      CTS.
      All significant intercompany transactions and balances have been eliminated.





NOTE
      2 -
      GOING CONCERN





As
      shown
      in the accompanying financial statements, we incurred a net loss of $65,001
      during the nine months ended September 30, 2007, have an accumulated deficit
      of
      $3,103,773 and a working capital deficit of $216,803 as of September 30, 2007.
      These conditions raise substantial doubt as to our ability to continue as a
      going concern. Management is trying to raise additional capital through sales
      of
      common stock. The financial statements do not include any adjustments that
      might
      be necessary if we are unable to continue as a going concern.





NOTE
      3 -
      NEW ACCOUNTING PRONOUNCEMENTS





In
      June 2006, the Financial Accounting Standards Board (FASB) issued FASB
      Interpretation No. 48, “Accounting for Uncertainty in Income Taxes, an
      interpretation of FASB Statement No. 109” (FIN 48). This Interpretation
      provides guidance on recognition, classification and disclosure concerning
      uncertain tax liabilities. The evaluation of a tax position requires recognition
      of a tax benefit if it is more likely than not it will be sustained upon
      examination. We adopted this Interpretation effective January 1, 2007. The
      adoption did not have a material impact on our consolidated financial
      statements




5




NOTE
      4 -
      NOTE PAYABLE





During
      the quarter ended March 31, 2007, we borrowed $12,700 from an unrelated third
      party. The loan is due April 1, 2008 and accrues interest at 12% per annum.
      Amounts outstanding under this agreement subsequent to April 1, 2008 are subject
      to interest at 18% per annum.





NOTE
      5 -
      STOCK SPLIT





During
      the quarter ended June 30, 2007, we instituted a one-for-ten forward split
      of
      our common stock. All references to common stock and per share data have been
      retroactively restated to account for the one-for-ten forward stock split.




6




***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.***





OVERVIEW





Crown
      Equity Holdings Inc. (the "Company") was incorporated on August 31, 1995 as
      "Visioneering Corporation" under the laws of the State of Nevada, to engage
      in
      any lawful corporate undertaking, including, but not limited to, selected
      mergers and acquisitions.





During
      the quarter ended September 30, 2007, we formed a wholly-owned subsidiary,
      Crown
      Trading Systems, Inc. ("CTS"), a Nevada corporation. We formed CTS for the
      purpose of building and selling computer systems for financial traders who
      are
      engaged in the business of Internet equity trading. We have developed a system
      that allows as many as 16 monitors to operate off of its system. We are
      presently working on increasing the number of monitors from 16 to 24.





As
      part
      of our business plan, we have engaged three independent contractors to perform
      this work for hire for our subsidiary. Additionally, we, through our subsidiary,
      have entered into reselling and license agreements with major Internet computer
      component companies which will allow us to engage in Internet commerce.





We
      are
      presently sharing office space with the Company's majority shareholder, Crown
      Partners, Inc., in Las Vegas, Nevada. We have agreed to pay half the rent to
      Crown Partners for this space, which will cost the Company approximately $423
      a
      month. We believe that this space is sufficient for our needs at present. CTS's
      website is www.crowntradingsystems.com.





During
      the quarter ended June 30, 2007, we instituted a one-for-ten forward split
      of
      common stock.





RESULTS
      OF OPERATIONS





For
      the
      three months ended September 30, 2007 and 2006, we had no revenue and a net
      loss
      of $22,600 and $13,190, respectively. General and administrative expense
      increased $9,410 to $22,600 for the three months ended September 30, 2007
      compared to the same period in 2006.





For
      the
      nine months ended September 30, 2007 and 2006, we had no revenue and a net
      loss
      of $65,001 and $44,548, respectively. General and administrative expense
      increased $20,453 to $65,001 for the nine months ended September 30, 2007
      compared to the same period in 2006. The increase is primarily attributable
      to
      increased accounting and legal expenses as well as expenses incurred in the
      formation and operations of the Company's wholly-owned subsidiary, Crown Trading
      Systems, Inc., a Nevada corporation.




7




We
      anticipate that until a business combination is completed with an acquisition
      candidate, we will not generate revenues and may operate at a loss after
      completing a business combination, depending upon the performance of the
      acquired business.





We
      will
      attempt to carry out its business plan as discussed above; however, we cannot
      predict to what extent its lack of liquidity and capital resources will hinder
      its business plan prior to the consummation of a business combination.





LIQUIDITY
      AND CAPITAL RESOURCES





At
      September 30, 2007, we had minimal assets, total liabilities of $217,547,
      shareholders' deficit of $3,103,773 and a negative working capital of $216,803.
      Further, there are no agreements or understandings with regard to loan
      agreements by or with the Officers, Directors, principals, affiliates or
      shareholders of the Company.





During
      the quarter ended March 31, 2007, we borrowed $12,700 from an unrelated third
      party. The loan is due April 1, 2008 and accrues interest at 12% per annum.
      Amounts outstanding under this agreement subsequent to April 1, 2008 are subject
      to interest at 18% per annum.




Our
      existing capital is not sufficient to meet our cash needs, including the costs
      of compliance with the continuing reporting requirements of the Securities
      Exchange Act of 1934, as amended. As shown in the accompanying financial
      statements, we incurred a net loss of $65,001 for the nine months ended
      September 30, 2007, have an accumulated deficit of $3,103,773 and a working
      capital deficit of $216,803 as of September 30, 2007. These conditions raise
      substantial doubt as to our ability to continue as a going concern. Management
      is trying to raise additional capital through sales of common stock. The
      financial statements do not include any adjustments that might be necessary
      if
      we are unable to continue as a going concern.





EMPLOYEES





As
      of
      September 30, 2007, we had no employees.





ITEM
      3.
      CONTROLS AND PROCEDURES




As
      required by Rule 13a-15 under the Securities Exchange Act of 1934 (the "Exchange
      Act"), we carried out an evaluation of the effectiveness of the design and
      operation of our disclosure controls and procedures as of December 31, 2006.
      This evaluation was carried out under the supervision and with the participation
      of our Chief Executive Officer and Chief Financial Officer. Based on their
      evaluation of our disclosure controls and procedures we concluded that such
      disclosure controls and procedures were not effective to ensure that information
      required to be disclosed by us in reports that we file or submit under the
      Exchange Act is recorded, processed, summarized and reported within the time
      periods specified in Securities and Exchange Commission rules and forms.
      Specifically, during the annual audit of our December 31, 2006 financial
      statements, our independent auditors identified deficiencies in our internal
      controls and disclosure controls related to expense recognition and issuances
      of
      our common stock. We are in the process of improving our internal controls
      in an
      effort to remediate these deficiencies through improving supervision and
      training of our accounting staff. We are continuing our efforts to improve
      and
      strengthen our control processes and procedures to fully remedy these
      deficiencies. Our management and directors will continue to work with our
      auditors and other outside advisors to ensure that our controls and procedures
      are adequate and effective. There have been no significant changes in our
      internal controls or in other factors that could significantly affect internal
      controls subsequent to the date we carried out our evaluation.




8




There
      were no significant changes in our internal controls over financial reporting
      that occurred during the last fiscal quarter that has materially affected,
      or is
      reasonably likely to materially affect, internal controls over financial
      reporting.





PART
      II





Items
      No.
      1, 2, 3, 4 and 5 - Not Applicable.





Item
      No.
      6 - Exhibits and Reports on Form 8-K





(a)
      The
      Company filed two reports on Form 8-K, on August 23, 2007 and September 10,
      2007, during the quarter ended September 30, 2007.





(b)
      Exhibits





None





9





SIGNATURES





In
      accordance with 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.


CROWN
              EQUITY
              HOLDINGS INC.By:
            /s/
              Claudia ZamanClaudia
              Zaman, CEO, CFO




Date:
      November 14, 2007





10