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                                  UNITED STATES
                       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 June 30, 2001


          [ ] 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. 33-55254-28

                        FIRST CAPITAL RESOURCES.COM, INC.
             (Exact name of Registrant as specified in its charter)

                  NEVADA                                       87-0438641
         (State or other jurisdiction of                    (I.R.S. Employer
         incorporation or organization)                  Identification Number)

          4500 140th Ave. N., Suite 220
              Clearwater, Florida                               33762
     Address of principal executive offices)                 (Zip Code)

        Registrant's telephone number, including area code (727) 536-5966

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for 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. [X] Yes [ ] No

Indicate the number of shares outstanding of each of the registrant's classes of
common stock, as of the latest practicable date.

                  Class                        Outstanding as of June 30, 2001
                  -----                        -------------------------------

$.001 PAR VALUE CLASS A COMMON STOCK                 10,770,000 SHARES



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                        FIRST CAPITAL RESOURCES.COM, INC.

                                      INDEX


<TABLE>
<CAPTION>

Part I.  Financial Information                                                   Page #
                                                                                 ------
<S>                                                                              <C>
  Item 1.  Financial Statements
    Condensed consolidated balance sheet - June 30, 2001 and
       year ended December 31, 2000                                                  3
    Condensed consolidated statement of operations - Three and Six months            4
       ended June 30, 2001, and three and six months ended June 30, 2000
    Condensed consolidated statement of cash flows - Six months                      5
       ended June 30, 2001, and six months ended June 30, 2000
    Notes to condensed consolidated financial statements                             6

Item 2.  Management's Discussion and Analysis                                    7 - 8

Part II.  Other Information                                                          8

Signatures                                                                           9
</TABLE>


      See notes to condensed consolidated financial statements - unaudited


                                       2
<PAGE>   3


PART I.  FINANCIAL INFORMATION


Item 1.  Financial Statements


                  FIRST CAPITAL RESOURCES.COM, INC. & SUBSIDIARY
                       CONDENSED CONSOLIDATED BALANCE SHEETS
                       JUNE 30, 2001, AND DECEMBER 31, 2000

<TABLE>
<CAPTION>
                                                         June 30, 2001       December 31, 2000
                                                          (Unaudited)           (Audited)
<S>                                                       <C>                   <C>
ASSETS:

Finance receivables, net                                  $    77,748           $   332,164
Cash                                                        1,248,609             1,677,955
                                                          -----------           -----------

TOTAL ASSETS                                              $ 1,326,357           $ 2,010,119
                                                          ===========           ===========


LIABILITIES AND DEFICIENCY IN ASSETS:
Liabilities:
Accounts payable and other liabilities                          2,888                25,249
Due to parent company                                       3,613,282             4,206,889
                                                          -----------           -----------

TOTAL LIABILITIES                                           3,616,170             4,232,138

Deficiency in Asset:
Common stock, par value $.001 per share;
100,000,000 shares authorized, 10,770,000 shares
issued and outstanding                                         10,770                10,770
 Additional paid-in capital                                 1,951,438             1,951,438
 Accumulated Deficit                                       (4,252,021)           (4,184,227)
                                                          -----------           -----------

Total Deficiency in Assets                                 (2,289,813)           (2,220,019)

TOTAL LIABILITIES AND DEFICIENCY IN
ASSETS                                                    $ 1,326,357           $ 2,010,119
                                                          ===========           ===========
</TABLE>


         See notes to condensed consolidated financial statements - unaudited


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                 FIRST CAPITAL RESOURCES.COM, INC. & SUBSIDIARY
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                         FOR THE PERIODS ENDING JUNE 30
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                      Six months ended                            Three months ended
                                               2001                    2000                  2001                   2000
                                           ---------------------------------------------------------------------------------


REVENUES:
<S>                                        <C>                    <C>                    <C>                    <C>
Loan interest and fee income               $    161,425           $    709,221           $    113,255           $    395,967
Less: Interest expense                         (176,393)              (261,622)               (85,713)              (132,434)

                                           ------------           ------------           ------------           ------------
Net Revenue                                $    (14,968)          $    447,599           $     27,542           $    263,533
                                           ------------           ------------           ------------           ------------


OPERATING AND OTHER EXPENSES:


G & A expenses                                   52,826                464,917                 26,918                265,586
                                           ------------           ------------           ------------           ------------
Total expenses                                   52,826                464,917                 26,918                265,586
                                           ------------           ------------           ------------           ------------


Income (loss) before income taxes               (67,794)               (17,318)                   624                 (2,053)
Income tax expense                                   --                     --                     --                     --
Net income (loss)                               (67,794)               (17,318)                   624                 (2,053)
                                           ============           ============           ============           ============

Net income (loss) per share                $       0.01           $       0.00           $       0.00           $       0.00

Weighted average number of shares            10,770,000             11,300,000             10,770,000             11,300,000
   Outstanding
</TABLE>

         See notes to condensed consolidated financial statements - unaudited


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<PAGE>   5

<TABLE>
<CAPTION>


FIRST CAPITAL RESOURCES.COM, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30 (UNAUDITED)

=============================================================================================================


=============================================================================================================
                                                                                  2001                 2000
                                                                                  ----                 ----
<S>                                                                              <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES:

         Net loss                                                               (67,794)            (17,318)
-------------------------------------------------------------------------------------------------------------
         Adjustments to reconcile net loss to net cash
                  (used in ) operating activities:
                  Depreciation                                                        --               7,218
                  Imputed interest on advances from Parent                       176,393             261,622
                  Accretion of discount and unearned interest on
                  finance contracts                                                   --            (410,577)
                  Decrease in other assets                                            --              45,506
                  Increase (decrease) in accounts payable                        (22,361)              9.245
-------------------------------------------------------------------------------------------------------------
                           Total adjustments                                     154,032             (86,986)
-------------------------------------------------------------------------------------------------------------
                  Net cash provided by (used in) operating activities             86,238            (104,304)
-------------------------------------------------------------------------------------------------------------

CASH FLOW FROM INVESTING ACTIVITIES:
         Amounts from the repayment of loans
         receivable                                                                   --              28,749
         Amounts from the repayment of finance
         contracts                                                                                   627,528
         Decrease in floor plan receivables                                      254,416             680,686
-------------------------------------------------------------------------------------------------------------
                  Net cash provided by investing activities                      254,416           1,336,963
-------------------------------------------------------------------------------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
         Amounts repaid to Parent Company                                       (770,000)             (7,440)
         Repayments of notes payable                                                  --              (3,473)
-------------------------------------------------------------------------------------------------------------
                  Net cash used in financing activities                         (770,000)            (10,913)
-------------------------------------------------------------------------------------------------------------

NET INCREASE(DECREASE) IN CASH                                                  (429,346)          1,221,746

CASH - BEGINNING OF PERIOD                                                   $ 1,677,955             596,515
-------------------------------------------------------------------------------------------------------------

CASH - END OF PERIOD                                                         $ 1,248,609         $ 1,818,261
                                                                             ================================
</TABLE>

(SEE NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-UNAUDITED)


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(SEE NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-UNAUDITED)


1.       BASIS OF PRESENTATION

The accompanying condensed consolidated (unaudited) financial statements of
First Capital Resources.Com, Inc., have been prepared in accordance with the
instructions to Form 10-QSB and, therefore, do not include all information and
footnotes necessary for a complete presentation of financial position, results
of operations, cash flows and changes in stockholders' equity in conformity with
generally accepted accounting principles.

In the opinion of management, all adjustments considered necessary for a fair
presentation of the results of operations and financial position have been
included and all such adjustments are of a normal recurring nature. Operations
for the six months ended June 30, 2001, are not necessarily indicative of the
results that can be expected for the year ended December 31, 2001.

The financial data at December 31,2000 is derived from audited financial
statements which are included in the Company's Annual Report of Form 10-KSB and
should be read in conjunction with the audited financial statements and the
notes thereto.

2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of consolidation - The condensed consolidated financial statements include
First Capital Resources.Com, Inc., and its subsidiary Affordable Dealer
Services, Inc. (Affordable). All material intercompany accounts and transactions
have been eliminated.

Use of 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 and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the
reporting period. Actual results could differ from those estimates.

3.       GOING CONCERN UNCERTAINTIES

The Company sustained substantial operating losses and negative cash flows from
operations since inception through to December 31, 1999. Shortly thereafter,
operating losses were minimized and during fiscal 2000, operations remained
essentially at a break even level. Although subsidiaries have either been sold
or are being liquidated, the Company still has negative shareholders equity and
debts greater than its assets. Substantially all of the Company's debt is owed
to its majority shareholder, First American Capital Liquidating Trust ("FACLT").
First American Capital Trust ("FACT") filed for relief from creditors under
Chapter 11 of the United States Bankruptcy Code in September 1999 and
subsequently confirmed a Plan of Reorganization in November 2000.

The Plan of Reorganization calls for the transfer of all of FACT's assets to
FACLT. This was completed in January 2001. It also calls for the continued
liquidation of the Company's assets and payment of the debt to FACLT to the
extent possible. It is possible that certain assets may remain in the Company as
part of a merger with or acquisition of another business or an outright sale of
the Company. FACLT has agreed to convert, if necessary, any debt not fully
repaid into up to an additional 4,000,000 shares in the Company.

4.       EARNINGS PER SHARE

Basic and diluted earnings per share were computed by dividing the net income
(loss) by the weighted average number of shares of common stock.


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Item 2. Management's Discussion and Analysis of Financial Condition and Results
        of Operations


The following discussion and analysis provides information which management
believes is relevant to an assessment and understanding of the Company's
consolidated financial condition and results of operations and cash flows. The
discussion should be read in conjunction with the condensed financial statements
and notes thereto.


RESULTS OF OPERATIONS

Net revenues

Three Months ended June 30

Net revenue decreased by 89.5% from $263,533 for the three month period ended
June 30, 2000 to $27,542 for the three months ended June 30, 2001. The decrease
is due to the smaller amount of loans outstanding this period as compared to
the same period last year. This is due to no new loans being made and
aggressive collection actions being maintained to collect all outstanding
loans. Additionally substantial collection efforts are being made this year to
ensure payments are made in full and on time. The interest income for the three
months was offset by $85,713 of interest expense accrued on the intercompany
loan to FACLT as compared to $132,434 in the same period last year. This is due
to the lower balance owing to FACLT as compared to last year.


Six months ended June 30

Net revenue decreased by 103% from $447,599 for the six month period ended
June 30, 2000 to $(14,968) for the six months ended June 30, 2001. The decrease
is due primarily to the fact that revenues from Southeast Dealers Acceptance
are not included in the results for the six months ended June 30, 2001 as the
subsidiary was sold to FACLT prior to the start of the period. Additionally
these were smaller loan levels outstanding during the period. Revenues from
SEDA for the comparable period last year were $514,232. No revenues are
included this year. Interest income is also lower than the same period last
year due to a decline in interest rates. The interest revenue in the period
ended June 30, 2000 was offset by interest expense in the amount of $261,622
that was imputed on the intercompany loan owing from the Company to FACT as
compared to $176,393 for the same period this year.

Revenues from Affordable Dealer Services are also slowly declining as the amount
of Dealer loans currently outstanding has fallen from approximately $332,000 at
year end to approximately $77,000 at June 30, 2001. No new Dealer loans are
being made. Net revenues from ADS will slowly decline over the course of the
remainder of the fiscal year as the remaining balances are collected.


Net expenses

Three months ended June 30

Net expenses for the three months ended June 30 were $26,918 as compared to
$265,586 for the same period last year. Selling, general and administrative
expenses for the three months this year include $7,500 in management fees paid
to FACLT as compared to $38,780 last year. Additionally the results for this
year do not include any expenses for SEDA as this subsidiary was sold prior to
the start of the year. Expenses for SEDA were approximately $65,000 for the
three month period last year. Lastly, the Company incurred approximately $50,000
in legal and accounting fees relating to the Company's annual filings, corporate
legal work and other matters last year as compared to only approximately $15,000
to date this year.

Six months ended June 30


                                       7
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Net expenses for the six months ended June 30, 2000 were $52,826 as compared to
$464,917 for the comparable six months last year. Due to the sale of SEDA, no
expenses relating to that subsidiary are included this year however $166,000 in
expenses were included in the same period last year. Other selling, general and
administrative expenses have decreased about $250,000 as compared to the same
period last year due to a lower level of business activity, fewer professional
fees and concentrating on keeping costs at an absolute minimum. Expenses are
likely to fall slightly in the next quarter. Thereafter expenses should remain
steady through the end of the fiscal year.

The net loss for the six months ended was $67,794 as compared to a loss of
$17,318 for the six month period last year. This is due to the fact that the
decrease in revenues during the period exceeded the decrease in general &
administrative expenses and interest expense on the loan to FACLT. The Company
should remain around the break even level for the remainder of the year or until
an acquisition or business combination can be identified after which time the
Company's future will be better known.

LIQUIDITY AND CAPITAL RESOURCES

The Company currently has $1,248,609 of cash on hand and another $77,748 in
other loans and receivables against approximately $2,888 in accounts payable.
However the Company is currently indebted to its ultimate parent Company, FACLT
in the amount of $3,613,282. As was disclosed in the previous Report on Form
10-KSB and in the notes to these financial statements, FACT recently confirmed a
Plan of Reorganization to emerge from Chapter 11. The Plan contemplates among
other things, a liquidation of the assets of the Company and repayment, to the
extent possible, of the loans owing to FACLT (the successor to FACT) and a
conversion of all or part of the debt to additional shares in the Company.
Further as stated in the plan, the Company will continue to pursue an
acquisition of or combination with an ongoing business or an outright sale of
the Company to a new controlling shareholder. In doing so, certain assets may
remain with the Company as part of a merger, acquisition or outright sale.



                           PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

None


Item 2.  Changes in Securities and Use of Proceeds

None

Item 3.  Defaults Upon Senior Securities

None

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

None

Item 5.  Other Information

         None

Item 6.  Exhibits and Reports on Form 8-K

(a)      Exhibits required by Item 601 of Regulation S-K


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         The following exhibits are followed as part of this report:

         Exhibits:

(b)      Reports on Form 8-K

         None





                                   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.


                                          FIRST CAPITAL RESOURCES.COM, INC.



Date:  August 14, 2001                    By: /S/ Derri Davisson
                                             -----------------------------------
                                             Derri Davisson, President


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