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 June 30, 2002

                                       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)


                   440 Louisiana, Suite 475, 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 9

          Class                   Shares Outstanding                  Date
         -------                  ------------------                 ------
       Common, $.001 par value        119,600                   July   , 2002
<PAGE>


                  TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.

                                      INDEX

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

   Item 1.Financial Statements

            Condensed Balance Sheets - June 30, 2002 and
            December 31, 2001 .............................................  1

            Condensed Statements of Operations - For the three
            months and six months ended June 30, 2002 and 2001
            and for the period from inception (July 26, 1990) to
            June 30, 2002..................................................  2

            Condensed Statements of Cash Flows - For the six months ended
            June 30, 2002 and 2001 and for the period from inception
            (July 26, 1990) to June 30, 2002...............................  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 Sheet


<TABLE>

                                     Assets

                                                                 June 30,      December 31,
                                                                   2002           2001
                                                                -----------   -------------
<S>                                                            <C>            <C>

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

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

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

                       Liabilities & Stockholders' Equity

       Current Liabilities

       Accounts Payable                                       $     7,500     $      2,500
                                                              ------------    -------------

Total Current Liabilities                                           7,500            2,500
                                                              ------------    -------------

Stockholders' Equity
     Authorized shares 99,000,000
     $0.001 par value; 119,600 outstanding at
      6-30-02 and at 12-31-01                                         120              120

Additional paid-in Capital                                         11,840           11,840

Deficit accumulated during development stage                     (19,460)         (14,460)
                                                              ------------    -------------

Total Stockholders' Equity                                        (7,500)          (2,500)
                                                              ------------    -------------

Total Liabilities & Stockholders' Equity                      $         0     $          0
                                                              ============    =============
</TABLE>


<PAGE>

              LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY -
                                     LATVCO.
                          (A Development Stage Company)
                             Statement of Operations

<TABLE>


                                For the Three Months Ended       For the Six Months      From Inception (July
                                         June 30,                  Ended June 30,          26, 1990) Through
                                                                                               June 30,
                                ----------------------------   ------------------------    ---------------
                                   2002            2001          2002          2001                2002
                                -----------    -------------   ----------    ----------    ---------------
<S>                             <C>            <C>             <C>           <C>           <C>

REVENUES                        $        0     $          0    $       0     $       0     $            0

EXPENSES
      Administrative
      Expenses                  $    2,500     $          0    $   5,000     $       0     $       19,460
                                -----------    -------------   ----------    ----------    ---------------


       Total Expenses           $    2,500     $          0    $   5,000     $       0     $       19,460
                                -----------    -------------                               ---------------

NET LOSS
                                $    2,500     $          0    $   5,000     $       0     $     (19,460)
                                ===========    =============   ==========    ==========    ===============

(LOSS) PER SHARE                $     (.02)    $          0    $    (.04)    $       0
                                ===========    =============   ==========    ==========

AVERAGE SHARES OUTSTANDING
                                   119,600           10,606      119,600        10,606
                                ===========    =============   ==========    ==========

</TABLE>

<PAGE>

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

                                                                                 From Inception
                                                For the Six Months Ended         (July 26, 1990)
                                                        June 30,                    through
                                               ----------------------------

                                                   2002            2001         June 30, 2002
                                               -------------   ------------     --------------
<S>                                            <C>             <C>              <C>

CASH FLOWS FROM FINANCING ACTIVITIES
Net Income (Loss)                                $ ( 5,000)             $0          $(19,460)
Non-Cash expense                                         0               0             7,785
Increase in accounts payable                         5,000               0            10,675
                                               -------------    -----------     --------------

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
                                  June 30, 2002


1.   General

     The interim financial  statements are prepared pursuant to the requirements
for  reporting  on Form 10-QSB.  The  December  31, 2001 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,  2001.  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 and six months  ended June 30, 2002 and 2001,  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 the three month or six month
periods   ended  June  30,  2002  or  2001.   However,   the  company   incurred
administration.expenses  of $2,500 and $5,000 respectively for the three and six
month periods of 2002. There were no expenses for either period of 2001

Material Changes in Financial Condition, Liquidity and Capital Resources

     At June 30, 2002 the Company had no current assets and current  liabilities
of $7,500 this compares with no assets and current  liabilities  of $2,500 as of
December 31, 2001.

     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


<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: July____2002                          By: /s/ Hank Vanderkam
                                               ---------------------------------
                                                 Hank Vanderkam
                                                 Principal Executive Officer
                                                 and Chief Financial Officer