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, 2003

                                       OR

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

          From the transition period from ____________ to ___________.

                       Commission File Number 33-55254-40


                        LATIN AMERICAN TELECOMMUNICATIONS
                            VENTURE COMPANY - LATVCO.
        ------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

            Nevada                                          87-0485311
--------------------------------                --------------------------------
(State or other  jurisdiction of               (IRS Employer Identification No.)
incorporation  or  organization)


                      1301 Travis, #1200 Houston, TX 77002
                    ----------------------------------------
                    (Address of principal executive offices)

                                 (713) 547-8900
                           --------------------------
                           (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
                                      ---    ----

         Class                      Shares Outstanding             Date
        -------                    --------------------           ------
  Common, $.001 par value              119,600               October 1, 2003
<PAGE>

           LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
                                      INDEX

                                                                          Page
                                                                          Number
                                                                         -------
PART I - FINANCIAL INFORMATION

   Item 1.   Financial Statements

            Condensed Balance Sheets - September 30, 2003 (unaudited) and
            December 31, 2002 ................................................1

            Condensed  Statements of Operations (unaudited)- For the three
            months and nine  months  ended  September  30,  2003
            and 2002 and for the period from inception (July 26, 1990)
            to September 30, 2003.............................................2

            Condensed Statements of Cash Flows (unaudited) - For the nine months
            ended September 30, 2003 and 2002 and for the period from inception
           (July 26, 1990) to September 30, 2003..............................3
            Notes to the Condensed Financial Statements.......................4

   Item 2.  Management's Discussion and Analysis of Financial
            Condition and Results of Operations...............................5

PART II - OTHER INFORMATION...................................................5

   Item 6.  Exhibits and Reports on Form 8-K..................................5


SIGNATURES....................................................................6

<PAGE>

                         PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

           LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
                          (A Development Stage Company)
                                 Balance Sheets



                       Assets

                                                 September 30,     December 31,
                                                    2003              2002
                                                 (Unaudited)      (Unaudited)
                                                -------------    ---------------

Current Assets
                                                $        0      $           0
       Cash
                                                ------------    ---------------

       Total Current Assets                              0                  0
                                                ------------    ---------------

       Total Assets                             $        0      $           0
                                                ============    ===============

        Liabilities & Stockholders' Equity

       Current Liabilities

       Accounts Payable                         $    20,000     $       12,500
                                                ------------    ---------------

Total Current Liabilities                       $    20,000     $       12,500
                                                ------------    ---------------

Stockholders' Equity
       Authorized shares 119,600
       $0.001 par value; 10,000 outstanding
        at 9-30-03 and at 12-31-02                      120     $          120

Additional paid-in Capital                           11,840             11,840

Deficit accumulated during development stage        (31,960)           (24,460)
                                                ------------    ---------------

Total Stockholders' Equity                      $   (20,000)     $     (12,500)
                                                ------------    ---------------

Total Liabilities & Stockholders' Equity        $         0     $            0
                                                ------------    ---------------


                     See Notes to the Financial Statements
                                       1
<PAGE>
               LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY -
                                     LATVCO.
                          (A Development Stage Company)
                             Statement of Operations
                                  (Unaudited)
<TABLE>


                                                                                              From Inception (July
                                  For the Three Months Ended         For the Nine Months       26, 1990) Through
                                        September 30,                Ended September 30,         September 30,
                                  --------------------------        ---------------------     --------------------

                                      2003            2002           2003           2002                 2003
                                      ----            ----           ----           ----                 ----
<S>                                <C>              <C>           <C>             <C>              <C>


REVENUES                           $       0       $      0       $       0        $     0          $         0

EXPENSES
   Administrative Expenses         $   2,500          2,500       $   7,500        $ 7,500          $    31,960
                                 ---------------  -------------  -------------  -------------- -------------------

   Total Expenses                  $   2,500       $  2,500       $   7,500        $ 7,500          $    31,960
                                 -------------  -------------  -------------  --------------  --------------------

   NET LOSS                        $  (2,500)      $ (2,500)      $  (7,500)       $(7,500)         $   (31,960)
                                 =============  =============  =============  ==============  ====================

   (LOSS) PER SHARE                $   (0.02)      $  (0.02)      $   (0.06)       $  (.06)
                                 =============  =============  =============  ==============

   AVERAGE SHARES OUTSTANDING        119,600       119,600          119,600        119,600
                                 =============  =============  =============  ==============
</TABLE>

                     See Notes to the Financial Statements
                                       2

<PAGE>

           LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
                          (A Development Stage Company)
                            Statements of Cash Flows
                                  (Unaudited)
<TABLE>


                                                                                        From Inception
                                                     For the Nine Months Ended         (July 26, 1990)
                                                             Sept. 30                     through
                                                    ----------------------------

                                                        2003            2002         September 30, 2003
                                                    -------------    -----------     --------------------
<S>                                                <C>               <C>             <C>

CASH FLOWS FROM FINANCING ACTIVITIES
Net Income (Loss)
                                                    $    (7,500)     $  (7,500)      $          (31,960)

Adjustments to reconcile net loss to cash used in
operating activities:
Non-cash expenses                                             0              0                    7,785
Increase in accounts payables                             7,500         7, 500                   25,175
                                                    -------------    -----------     --------------------

Net Cash Used By Operating Activities               $         0     $        0      $           (1,000)
                                                    -------------    -----------     --------------------

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common stock              $         0     $        0      $             1,000
                                                    -------------    -----------     --------------------

Net cash provided from financing activities         $         0     $        0      $             1,000
                                                    -------------    -----------     --------------------

Net increase (Decrease) in cash                     $         0     $        0      $                 0

Cash at beginning of year                           $         0     $        0      $                 0
                                                    -------------    -----------     --------------------

Cash at end of year                                 $         0     $        0      $                 0
                                                    =============    ===========     ====================
</TABLE>
<PAGE>



           LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
                          (A Development Stage Company)
                   Notes to the Condensed Financial Statements
                               September 30, 2003
                                  (Unaudited)


1.   General

     The interim financial  statements are prepared pursuant to the requirements
for  reporting  on Form 10-QSB.  The  December  31, 2002 balance  sheet data was
derived from audited  financial  statements but does not include all disclosures
required by generally  accepted  accounting  principles.  The interim  financial
statements and notes thereto  should be read in  conjunction  with the financial
statements  and notes  included in the Company's  Form 10-KSB for the year ended
December  31,  2003.  In  the  opinion  of  management,  the  interim  financial
statements  reflect all adjustments of a normal recurring nature necessary for a
fair statement of the results for the interim periods presented.

                                       4
<PAGE>

ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

Material Changes in Result of Operations

     During the three months and nine months ended  September 30, 2003 and 2002,
the Company had no operations other than the search for a business to acquire or
with which to combine.

     The  Company  reported  no  revenues  for either of the three or nine month
periods  ended  September 30, 2003 or 2002.  The Company did incur  expenses for
legal and accounting services and filings fees totaling $2,500 and $7,500 in the
three  months and nine months ended  September  30, 2002  respectively.  For the
three months ended September 30, 2003, the Company  incurred  expenses of $2,500
for legal and  accounting  services and filing fees and $7,500 for such expenses
for the nine months ended September 30, 2003.

Material Changes in Financial Condition, Liquidity and Capital Resources

     At  September  30,  2003 the  Company  had no current  assets  and  current
liabilities of $20,000 as compared to no current assets and current  liabilities
of $12,500 at December 31, 2002.

     Although the Company has no liquidity,  it believes that it will be able to
find a suitable Company with which to merge.

                           PART II - OTHER INFORMATION

Item 4. Evaluation of Disclosure Controls and Procedures

         (a) Evaluation of disclosure controls and procedures. Our chief
executive officer and our chief financial officer, after evaluating the
effectiveness of the Company's "disclosure controls and procedures" (as defined
in the Securities Exchange Act of 1934 Rules 13a-14(c) and 15-d-14(c)) as of a
date (the "Evaluation Date") within 90 days before the filing date of this
quarterly report, have concluded that as of the Evaluation Date, our disclosure
controls and procedures were adequate and designed to ensure that material
information relating to us and our consolidated subsidiaries would be made known
to them by others within those entities.

         (b) Changes in internal controls. There were no significant changes in
our internal controls or to our knowledge, in other factors that could
significantly affect our disclosure controls and procedures subsequent to the
Evaluation Date.


ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

     a)   Exhibits

          None

     b)   Reports on Form 8-K

          None

                                       5
<PAGE>

                                   SIGNATURES

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


                                 LATIN AMERICAN TELECOMMUNICATIONS
                                 VENTURE COMPANY - LATVCO.



Date: November 7, 2003            By: /s/ Hank Vanderkam
                                    ---------------------------------
                                      Hank Vanderkam, President
                                      and Principal Executive Officer


Date: November 7, 2003            By: /s/ Hank Vanderkam
                                     --------------------------------
                                      Hank Vanderkam, Treasurer
                                      Principal Financial Officer


<PAGE>

                                 CERTIFICATIONS

I, Hank Vanderkam, certify that:

1. I have reviewed this 10-Q of LATIN AMERICAN TELECOMMUNICATIONS VENTURE
COMPANY;

2.   Based on my knowledge, this report does not contain any untrue statement of
     a material  fact or omit to state a  material  fact  necessary  to make the
     statements made, in light of the circumstances  under which such statements
     were made,  not  misleading  with  respect  to the  period  covered by this
     report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in  this  report,  fairly  present  in all  material
     respects the financial  condition,  results of operations and cash flows of
     the small  business  issuer as of, and for,  the periods  presented in this
     report;


4.   The  small  business  issuer's  other  certifying   officer(s)  and  I  are
     responsible  for  establishing  and  maintaining  disclosure  controls  and
     procedures  (as defined in Exchange Act Rules  13a-15(e) and 15d-15(e)) and
     internal control over financial reporting (as defined in Exchange Act Rules
     13a-15(f) and 15d-15(f))** for the small business issuer and have:

(a) Designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under our supervision, to
ensure that material information relating to the small business issuer,
including its consolidated subsidiaries, is made known to us by others within
those entities, particularly during the period in which this report is being
prepared;

(b) Designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;**

(c) Evaluated the effectiveness of the small business issuer's disclosure
controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the small business issuer's
internal control over financial reporting that occurred during the small
business issuer's most recent fiscal quarter (the small business issuer's fourth
fiscal quarter in the case of an annual report) that has materially affected, or
is reasonably likely to materially affect, the small business issuer's internal
control over financial reporting; and

5. The small business issuer's other certifying officer(s) and I have disclosed,
based on our most recent evaluation of internal control over
financial reporting, to the small business issuer's auditors and the audit
committee of the small business issuer's board of directors (or persons
performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are reasonably
likely to adversely affect the small business issuer's ability to record,
process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or
other employees who have a significant role in the small business issuer's
internal control over financial reporting.


Date: November 7, 2003
                                            /s/ Hank Vanderkam
                                            --------------------
                                            Chief Executive Officer
<PAGE>

I, Hank Vanderkam, certify that:

1. I have reviewed this 10-Q of LATIN AMERICAN TELECOMMUNICATIONS VENTURE
COMPANY;

2.   Based on my knowledge, this report does not contain any untrue statement of
     a material  fact or omit to state a  material  fact  necessary  to make the
     statements made, in light of the circumstances  under which such statements
     were made,  not  misleading  with  respect  to the  period  covered by this
     report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in  this  report,  fairly  present  in all  material
     respects the financial  condition,  results of operations and cash flows of
     the small  business  issuer as of, and for,  the periods  presented in this
     report;


4.   The  small  business  issuer's  other  certifying   officer(s)  and  I  are
     responsible  for  establishing  and  maintaining  disclosure  controls  and
     procedures  (as defined in Exchange Act Rules  13a-15(e) and 15d-15(e)) and
     internal control over financial reporting (as defined in Exchange Act Rules
     13a-15(f) and 15d-15(f))** for the small business issuer and have:

(a) Designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under our supervision, to
ensure that material information relating to the small business issuer,
including its consolidated subsidiaries, is made known to us by others within
those entities, particularly during the period in which this report is being
prepared;

(b) Designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;**

(c) Evaluated the effectiveness of the small business issuer's disclosure
controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the small business issuer's
internal control over financial reporting that occurred during the small
business issuer's most recent fiscal quarter (the small business issuer's fourth
fiscal quarter in the case of an annual report) that has materially affected, or
is reasonably likely to materially affect, the small business issuer's internal
control over financial reporting; and

5. The small business issuer's other certifying officer(s) and I have disclosed,
based on our most recent evaluation of internal control over
financial reporting, to the small business issuer's auditors and the audit
committee of the small business issuer's board of directors (or persons
performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are reasonably
likely to adversely affect the small business issuer's ability to record,
process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or
other employees who have a significant role in the small business issuer's
internal control over financial reporting.


Date: November 7, 2003
                                            /s/ Hank Vanderkam
                                            --------------------
                                            Chief Financial Officer