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, 2006

                                       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                    May 15, 2006
<PAGE>


           LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
                                      INDEX
<TABLE>

                                                                                            Page
                                                                                           Number
<S>                                                                                        <C>

PART I - FINANCIAL INFORMATION

         Item 1.Financial Statements

                  Condensed Balance Sheets - March 31, 2006 unaudited and
                  December 31, 2005 ...........................................................1

                  Condensed Statements of Operations - unaudited - For the three months
                  ended March 31, 2006 and 2005 and for the period from
                  inception (July 26, 1990) to March 31, 2006..................................2

                  Condensed Statements of Cash Flows - unaudited - For the three months ended
                  March 31, 2006 and 2005 and for the period from inception (July 26, 1990)
                  to March 31, 2006 ...........................................................3

                  Notes to unaudited Condensed Financial Statements............................4

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

         Item 3.  Controls and Procedures......................................................
PART II - OTHER INFORMATION....................................................................5

          Item 6. Exhibits ....................................................................6


SIGNATURES.....................................................................................6
Certifications...............................................................................7-8
</TABLE>

<PAGE>



                         PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

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


<TABLE>

                                     Assets

                                                               March 31, 2006      December 31,
                                                                 (unaudited)          2005
                                                              ----------------    -------------
<S>                                                           <C>                  <C>


Current Assets

      Cash                                                     $         0                  -
                                                               -------------  ----------------
                                                                                            -
      Total Current Assets                                               0
                                                               -------------  ----------------
                                                                                            -
Total Assets                                                   $         0
                                                               =============  ================

                       Liabilities & Stockholders' Deficit

Current Liabilities

      Accounts Payable - Director                              $     45,000            42,500
                                                               -------------  ----------------

Total Current Liabilities                                            45,000            42,500
                                                               -------------  ----------------

Stockholders' Deficit
      Authorized shares 99,000,000                                                        120
      $0.001 par value; 119,600 outstanding at
      3-31-06 and at 12-31-05                                           120

                                                                                       11,840
Additional paid-in Capital                                           11,840

                                                                                     (54,460)
Deficit accumulated during development stage                       (56,960)
                                                                                     (42,500)
Total Stockholders' Deficit                                        (45,000)

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

</TABLE>


                      See Notes to the Financial Statements
                                        2
<PAGE>


           LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
                          (A Development Stage Company)
                            Statements of Operations
                                   (unaudited)
<TABLE>


                                                                        From Inception (July
                                          For the Three Months Ended     26, 1990) Through
                                                  March 31,                  March 31,


                                            2006              2005              2006
<S>                                   <C>                  <C>                <C>


REVENUES                                $          0      $       0          $      0
                                        --------------    ------------  --------------
EXPENSES
     Administrative Expenses                   2,500          2,500            56,960
                                        --------------    ------------  --------------

     Total Expenses                            2,500          2,500          $ 56,960
                                        --------------    ------------  --------------

NET LOSS                                $     (2,500)      $ (2,500)         $(56,960)
                                        ==============    ============  ==============

(LOSS) PER SHARE                        $      (0.02)      $  (0.02)
                                        ==============    ============

WEIGHTED AVERAGE SHARES OUTSTANDING          119,960        119,960
                                        ==============    ============
</TABLE>



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



                                                     For the Three Months Ended         From Inception
                                                              March 31,                 (July 26, 1990)
                                                                                            through

                                                         2006            2005           March 31, 2006
------------------------------------------------- -- ------------- -- ----------- --- --------------------
<S>                                                      <C>             <C>             <C>


CASH FLOWS FROM FINANCING ACTIVITIES
Net Income (Loss)                                    $    (2,500)     $  (2,500)      $    (56,960)

Adjustments to reconcile net loss
to cash used in operating activities:
Non cash expense                                                -              -              7,785
Increase in accounts payable                                2,500          2,500             48,175
                                                        -----------     ---------         -----------

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
                                                        ===========     =========         ===========
Supplemental cash flow information                        $     -          $   -      $      10,960
     stock issued for accounts payable                  ===========     =========         ===========
</TABLE>

                                                        11
<PAGE>


           LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
                          (A Development Stage Company)
              Notes to the Unaudited Condensed Financial Statements
                                 March 31, 2006



1.   General

     The interim financial  statements are prepared pursuant to the requirements
for  reporting  on Form 10-QSB.  The  December  31, 2005 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,  2005.  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.


<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  ended March 31, 2006 and 2005,  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 month  periods
ended March 31, 2006 or 2005. The Company  incurred 2,500 of expenses during the
three months ended March 31, 2006 to keep its SEC filings current. There were no
expenses for the corresponding period of the prior year.

Material Changes in Financial Condition, Liquidity and Capital Resources

     At March 31, 2006 the Company had no current assets and current liabilities
of $45,000 as compared to no current  assets and current  liabilities of $42,500
at December 31, 2005.

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

     ITEM 3.      CONTROLS AND PROCEDURES

     As of the end of the period  covered by this report,  we have evaluated the
effectiveness  of the  design  and  operation  of our  disclosure  controls  and
procedures  under the  supervision  of and with the  participation  of our Chief
Executive Officer ("CEO") who is also our Chief Financial Officer ("CFO"). Based
on this evaluation,  our management,  including our CFO and CEO,  concluded that
our disclosure controls and procedures were effective,  and that there have been
no significant  changes in our internal  controls or in other factors that could
significantly affect internal controls subsequent to the evaluation.

                           PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEDINGS

None

ITEM 2.  CHANGES IN SECURITIES

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
<PAGE>

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

a)       Exhibits

                           None
                                   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: May 15, 2006                    By: /s/ Hank Vanderkam

                                            Hank Vanderkam
                                            Principal Executive Officer
                                            and Principal Financial Officer
<PAGE>

                                 CERTIFICATIONS

I, Hank Vanderkam, certify that:

1.   I have  reviewed  this  quarterly  report on Form 10-QSB of Latin  American
     Telecommunications Venture Company

2.   Based on my knowledge,  this  quarterly  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 quarterly report;

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

4.   I am responsible for establishing and maintaining  disclosure  controls and
     procedures  (as  defined in Exchange  Act Rules  13a-14 and 15d-14) for the
     registrant and I have:

a)   designed such  disclosure  controls and  procedures to ensure that material
     information  relating  to the  registrant  is made  known  to me by  others
     particularly  during  the period in which  this  quarterly  report is being
     prepared;

b)   evaluated the  effectiveness  of the registrant's  disclosure  controls and
     procedures  as of a date  within 90 days prior to the  filing  date of this
     quarterly report (the "Evaluation Date"); and

c)   presented in this quarterly report my conclusions  about the  effectiveness
     of the disclosure  controls and procedures based on my evaluation as of the
     Evaluation Date;

5.   I have disclosed,  based on my most recent evaluation,  to the registrant's
     auditors and the audit  committee of  registrant's  board of directors  (or
     persons performing the equivalent function):

a)   all  significant  deficiencies  in the  design  or  operation  of  internal
     controls which could adversely affect the  registrant's  ability to record,
     process,  summarize and report  financial data and have  identified for the
     registrant's auditors any material weaknesses in internal controls; and

b)   any fraud,  whether or not  material,  that  involves  management  or other
     employees  who  have  a  significant  role  in  the  registrant's  internal
     controls; and

6.   I have  indicated  in this  quarterly  report  whether  or not  there  were
     significant  changes in internal  controls or in other  factors  that could
     significantly  affect internal  controls  subsequent to the date of my most
     recent  evaluation,   including  any  corrective  actions  with  regard  to
     significant deficiencies and material weaknesses.

Dated: May 15, 2006

By: /s/ Hank Vanderkam
Hank Vanderkam
Chief Executive Officer and
Chief Financial Officer


<PAGE>



I, Hank Vanderkam, certify that:

1.   I have  reviewed  this  quarterly  report on Form 10-QSB of Latin  American
     Telecommunications Venture Company

2.   Based on my knowledge,  this  quarterly  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 quarterly report;

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

4.   I am responsible for establishing and maintaining  disclosure  controls and
     procedures  (as  defined in Exchange  Act Rules  13a-14 and 15d-14) for the
     registrant and I have:

a)   designed such  disclosure  controls and  procedures to ensure that material
     information  relating  to the  registrant  is made  known  to me by  others
     particularly  during  the period in which  this  quarterly  report is being
     prepared;

b)   evaluated the  effectiveness  of the registrant's  disclosure  controls and
     procedures  as of a date  within 90 days prior to the  filing  date of this
     quarterly report (the "Evaluation Date"); and

c)   presented in this quarterly report my conclusions  about the  effectiveness
     of the disclosure  controls and procedures based on my evaluation as of the
     Evaluation Date;

5.   I have disclosed,  based on my most recent evaluation,  to the registrant's
     auditors and the audit  committee of  registrant's  board of directors  (or
     persons performing the equivalent function):

a)   all  significant  deficiencies  in the  design  or  operation  of  internal
     controls which could adversely affect the  registrant's  ability to record,
     process,  summarize and report  financial data and have  identified for the
     registrant's auditors any material weaknesses in internal controls; and

b)   any fraud,  whether or not  material,  that  involves  management  or other
     employees  who  have  a  significant  role  in  the  registrant's  internal
     controls; and

6.   I have  indicated  in this  quarterly  report  whether  or not  there  were
     significant  changes in internal  controls or in other  factors  that could
     significantly  affect internal  controls  subsequent to the date of my most
     recent  evaluation,   including  any  corrective  actions  with  regard  to
     significant deficiencies and material weaknesses.

Dated: May 15, 2006

By: /s/ Hank Vanderkam
Hank Vanderkam
Chief Financial Officer and
Chief Financial Officer
<PAGE>

      CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER
           PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
                 SECTION 906 OF TEHE SARBANES-OXLEY ACT OF 2002


--------------------------------------------------------------------------------

I, Hank  Vanderkam,  certify,  pursuant to 18 U.S.C.  Section  1350,  as adopted
pursuant to Section 906 of the  Sarbanes-Oxley  Act of 2002,  that the Quarterly
Report of Latin  American  Telecommunications  Venture  Company - LATVCO on Form
10-QSB for the  quarterly  period ended March 31, 2006 fully  complies  with the
requirements  of Section 13(a) or 15(d) of the  Securities  Exchange Act of 1934
and that  information  contained  in such Form  10-QSB  fairly  presents  in all
material  respects the  financial  condition  and results of operations of Latin
American Telecommunications Venture Company - LATVCO.

By: /s/ Hank Vanderkam
----------------------------
Name: Hank Vanderkam
Title: Chief Executive Officer
& Chief Financial Officer


May 15, 2006