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, 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     No
                                    ----    -----

 Class                           Shares Outstanding                       Date
--------                        --------------------                     -------
Common, $.001 par value                119,600                      May 15, 2003
<PAGE>

           LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
                                      INDEX

                                                                          Page
                                                                         Number
PART I - FINANCIAL INFORMATION

 Item 1.Financial Statements

        Condensed Balance Sheets - March 31, 2003 and
        December 31, 2002 ....................................................1

        Condensed Statements of Operations - For the
        three months ended March 31, 2003 and 2002 and
        for the period from inception (July 26, 1990) to
        March 31, 2003........................................................2

        Condensed Statements of Cash Flows - For the three
        months ended March 31, 2003 and 2002 and for the period
        from inception (July 26, 1990) to March 31, 2003......................3

        Notes to 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

                                                   March 31,      December 31,
                                                     2003            2002
                                                  ------------    ------------

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

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

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

       Liabilities & Stockholders' Equity

       Current Liabilities

       Accounts Payable                           $    15,000     $    12,500
                                                  -------------    -----------

Total Current Liabilities                         $    15,000     $    12,500
                                                  -------------    -----------

Stockholders' Equity
       Authorized shares 99,000,000
       $0.001 par value; 119,600 outstanding
        at 3-31-02 and at 12-31-01                $      120      $       120

Additional paid-in Capital                            11,840           11,840

Deficit accumulated during development stage      $  (26,960)     $   (24,460)
                                                  -------------    -----------

Total Stockholders' Equity                        $  (15,000)     $   (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


<TABLE>

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

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


REVENUES                             $       0     $      0         $          0

EXPENSES
      Administrative Expenses            2,500     $  2,500               26,960
                                     ----------    -------------  --------------------

      Total Expenses                     2,500     $  2,500         $     26,960
                                     ----------    -------------  --------------------

      NET LOSS                         $ 2,500     $  2,500         $     26,960
                                     ==========    =============  ====================

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

      AVERAGE SHARES OUTSTANDING      $119,960     $119,960
                                     ==========    =============  ====================

</TABLE>

                     See Notes to the Financial Statements

                                       2
<PAGE>



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

<TABLE>


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

                                                      2003            2002           March 31, 2002
                                                  -----------      -----------     --------------------
<S>                                               <C>              <C>             <C>

CASH FLOWS FROM FINANCING ACTIVITIES
Net Income (Loss)
                                                  $    (2,500)     $  (2,500)      $          (26,960)

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

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>

                     See Notes to the Financial Statements

                                       3
<PAGE>


           LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
                          (A Development Stage Company)
                   Notes to the Condensed Financial Statements
                                 March 31, 2003


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, 2002. 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 ended March 31, 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 month periods
ended March 31, 2003 or 2002. The Company incurred 2,500 of expenses during the
three months ended March 31, 2003 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, 2003 the Company had no current assets and current liabilities
of $15,000 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 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: May 14, 2003              By: /s/ Hank Vanderkam
                                   -----------------------------------
                                     Hank Vanderkam
                                     Principal Executive Officer and Principal
                                     Financial Officer



                                       6
<PAGE>

                                 CERTIFICATIONS

I, Hank Vanderkam, certify that:

1. I have reviewed this quarterly report on Form 10-Q 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 14, 2003

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-Q 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 14, 2003

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