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, 2005

                                       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, 2005


<PAGE>



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


                                                                                                        Page
                                                                                                       Number
PART I - FINANCIAL INFORMATION

         Item 1.Financial Statements

                  Condensed Balance Sheets - March 31, 2005 unaudited and
                  December 31, 2004 .....................................................................1

                  Condensed Statements of Operations - unaudited - For the three
                  months ended March 31, 2005 and 2004 and for the period from
                  inception (July 26, 1990) to March 31, 2005............................................2

                  Condensed Statements of Cash Flows - unaudited - For the three months ended
                  March 31, 2005 and 2004 and for the period from inception (July 26, 1990)
                  to March 31, 2005 .....................................................................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...............................................................................................7

</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, 2005    December 31,
                                                                    (unaudited)         2004
                                                                                    (unaudited)
<S>                                                              <C>               <C>

Current Assets

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

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

Current Liabilities

      Accounts Payable - Director                                 $    35,000            32,500
                                                                    ---------         -----------
Total Current Liabilities                                              35,000            32,500
                                                                    ---------         -----------

Stockholders' Deficit
      Authorized shares 99,000,000
      $0.001 par value; 119,600 outstanding at
      3-31-05 and at 12-31-04                                             120                120

Additional paid-in Capital                                             11,840             11,840

Deficit accumulated during development stage                          (46,960)           (44,460)
                                                                    ----------         -----------
Total Stockholders' Deficit                                           (35,000)           (32,500)
                                                                    ----------         -----------
Total Liabilities & Stockholders' Deficit                         $         0                $ -
                                                                    ----------         -----------

</TABLE>


                      See Notes to the Financial Statements
                                        3
<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,

                                           2005           2004               2005
                                          ------        --------           --------
<S>                                    <C>            <C>              <C>

REVENUES                               $       0   $          0      $          0

EXPENSES
     Administrative Expenses               2,500          2,500            46,960
                                        ----------     ---------        -----------
     Total Expenses                        2,500          2,500      $     46,960
                                        ----------     ---------        -----------
NET LOSS                               $  (2,500)   $    (2,500)     $    (46,960)
                                        ==========     =========        ===========
(LOSS) PER SHARE                       $   (0.02)   $     (0.02)
                                        ==========     =========
WEIGHTED AVERAGE SHARES OUTSTANDING      119,960        119,960
                                        ==========     =========
</TABLE>


<PAGE>



           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

                                                         2005            2004           March 31, 2005
                                                        ------          ------         -----------------
<S>                                                     <C>            <C>             <C>

CASH FLOWS FROM FINANCING ACTIVITIES
Net Income (Loss)                                    $    (2,500)     $  (2,500)      $       (46,960)

Adjustments to reconcile net loss to cash used in
operating activities:
Non cash expense                                                -              -                 7,785
Increase in accounts payable                                2,500          2,500                38,175
                                                           -------        -------              --------

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>

<PAGE>


           LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
                          (A Development Stage Company)
              Notes to the Unaudited Condensed Financial Statements
                                 March 31, 2005



1.   General

     The interim financial statements are prepared pursuant to the requirements
for reporting on Form 10-QSB. The December 31, 2004 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, 2004. 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, 2005 and 2004, 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, 2005 or 2004. The Company incurred 2,500 of expenses during the
three months ended March 31, 2005 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, 2005 the Company had no current assets and current liabilities
of $35,000 as compared to no current assets and current liabilities of $32,500
at December 31, 2004.

     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") and 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 20, 2005           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. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

         a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, 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 our conclusions about the
effectiveness of the disclosure controls and procedures based on our evaluation
as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
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. The registrant's other certifying officers and 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 our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.

Dated: May 20, 2005

By: /s/ Hank Vanderkam
Hank Vanderkam
Chief Executive 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. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

         a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, 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 our conclusions about the
effectiveness of the disclosure controls and procedures based on our evaluation
as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
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. The registrant's other certifying officers and 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 our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.

Dated: May 20, 2005

By: /s/ Hank Vanderkam
Hank Vanderkam
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-Q for the quarterly period ended March 31, 2005 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 20, 2005