**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 March 31, 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 000-29935





**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.)





27430
      Riverside Lane, Valencia, CA 91354


(Address
      of principal executive offices)





(661)
      287-377


(Issuer's
      telephone number)





N/A


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





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 May
      9, 2007, there were 5,324,465 shares of Common Stock of the issuer
      outstanding.










**Crown
      Equity Holdings Inc.**


**BALANCE
      SHEETS**


(unaudited)





March
                31, 2007
            
            December
                31, 2006ASSETSCash
            
            $
            66
            
            $
            27Total
                assets
            
            $
            66
            
            $
            27LIABILITIES
                AND STOCKHOLDERS’ DEFICITCurrent
                liabilities:Accounts
                payable
            
            $
            15,375
            
            $
            25,228Accounts
                payable - related party
            
            
            40,351
            
            
            24,994Advances
                from related party
            
            
            104,445
            
            
            101,607Note
                payable
            
            
            12,700
            
            
            -Total
                liabilities
            
            
            172,871
            
            
            151,829Stockholders’
                deficit:Common
                stock, $.001 par value, 500,000,000 sharesauthorized,
                5,324,465 shares issued and outstanding
            
            
            5,324
            
            
            5,324Additional
                paid in capital
            
            
            2,881,146
            
            
            2,881,146Accumulated
                deficit
            
            
            (3,059,275
            )
            
            (3,038,272
            )Total
                stockholders’ deficit
            
            
            (172,805
            )
            
            (151,802
            )Total
                liabilities and stockholders’ deficit
            
            $
            66
            
            
            27





See
      accompanying notes to the financial statements









**Crown
      Equity Holdings Inc.**


**STATEMENTS
      OF OPERATIONS**


**(unaudited)**




Three
                Months Ended March 31**,**2007
            
            2006Operating
                expenses:General
                and administrative
            
            $
            21,003
            
            $
            8,920Net
                loss
            
            $
            (21,003
            )
            $
            (8,920
            )Net
                loss per share:Basic
                and diluted
            
            $
            (0.00
            )
            $
            (0.00
            )Weighted
                average shares outstanding:Basic
                and diluted
            
            
            5,324,465
            
            
            4,824,465




See
      accompanying notes to the financial statements










**Crown
      Equity Holdings Inc.**


**STATEMENTS
      OF CASH FLOWS**


**(unaudited)**




Three
                Months Ended March 31**,**2007
            
            2006Cash
                flows from operating activitiesNet
                loss
            
            $
            (21,003
            )
            $
            (8,920
            )Adjustments
                to reconcile net loss to cash providedby
                continuing operations:Net
                change in:Accounts
                payable and accrued expenses
            
            
            (9,853
            )
            
            8,920Accounts
                payable - related party
            
            
            15,357
            
            
            -Total
                cash flows provided by operating activities
            
            
            (15,499
            )
            
            -Cash
                flows from financing activitiesAdvances
                from related party
            
            
            2,838
            
            
            -Borrowings
                on debt
            
            
            12,700
            
            
            -Total
                cash flows provided by financing activities
            
            
            15,538
            
            
            -Net
                increase in cash
            
            
            39
            
            
            -Cash,
                beginning of period
            
            
            27
            
            
            -Cash,
                end of period
            
            $
            66
            
            $
            -Supplemental
                cash flow information:Interest
                paid
            
            $
            -
            
            $
            -Income
                taxes paid
            
            
            -
            
            
            -




See
      accompanying notes to the financial statements










**Crown
      Equity Holdings Inc.**


**NOTES
      TO FINANCIAL STATEMENTS**


**(unaudited)**




NOTE
      1 -
      BASIS OF PRESENTATION




The
      accompanying unaudited 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.




NOTE
      2 -
      GOING CONCERN




As
      shown
      in the accompanying financial statements, Crown Equity incurred a net loss
      of
      $21,003 during the three months ended March 31, 2007, has an accumulated deficit
      of $3,059,275 and a working capital deficit of $172,805 as of March 31, 2007.
      These conditions raise substantial doubt as to Crown Equity's 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 Crown Equity is unable to continue as
      a
      going concern.









***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. We are currently seeking a suitable merger.





As
      of
      March 31, 2007, the Company had no employees.





RESULTS
      OF OPERATIONS





For
      the
      three months ended March 31, 2007 and 2006, we had no revenue and a net loss
      of
      $21,003 and $8,920, respectively. General and administrative expense increased
      $12,083 to $21,003 for the three months ended March 31, 2007 compared to the
      same period in 2006. This increase is primarily attributable to an increase
      in
      legal and accounting fees.





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





The
      Company will attempt to carry out its business plan as discussed above; however,
      it 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
      March
      31, 2007, the Company had minimal assets and liabilities of approximately
      $172,871. Shareholders' deficit for the three months ended March 31, 2007 was
      approximately $172,805. Further, there exist 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, the Company borrowed $12,700 from an unrelated
      third party. The loan is due April 1, 2008 and accrues interest at 12% per
      annum.




Our
      existing capital is not sufficient to meet the Company's 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, Crown Equity incurred a net loss of $21,003 for the three
      months ended March 31, 2007, has an accumulated deficit of $3,059,275 and a
      working capital deficit of $172,805 as of March 31, 2007. These conditions
      raise
      substantial doubt as to Crown Equity's 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 Crown Equity is unable to continue as a going concern.









EMPLOYEES





As
      of
      March 31, 2007, the Company 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.




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)
      No
      reports on Form 8-K were filed during the quarter ended March 31, 2007.





(b)
      Exhibits





None











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:
      May
      14, 2007