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, 2000

                                       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  X   No
                                 ------  -------


          Class                   Shares Outstanding                   Date
         -------                 --------------------                 ------
  Common, $.001 par value               10,000                   October 1, 2000
<PAGE>

           LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
                                      INDEX

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

         Item 1.Financial Statements

                  Condensed Balance Sheets - September 30, 2000 and
                  December 31, 1999 ......................................3

                  Condensed Statements of Operations - For the three
                  months and nine months ended September 30, 2000 and
                  1999 and for the period from inception (July 26, 1990)
                  to September 30, 2000...................................4

                  Condensed Statements of Cash Flows - For the nine
                  months ended September 30, 2000 and 1999 and for the
                  period from inception (July 26, 1990) to
                  September 30, 2000......................................5

                  Notes to Condensed Financial Statements.................6

         Item 2.  Management's Discussion and Analysis of Financial
                  Condition and Results of Operations.....................7

PART II - OTHER INFORMATION...............................................7

         Item 6.  Exhibits and Reports on Form 8-K........................7


SIGNATURES................................................................8

<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,
                                                       2000            1999
                                                   -------------   ------------

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

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

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

           Liabilities & Stockholders' Equity

   Current Liabilities

   Accounts Payable                                $        0      $        0
                                                    ------------    ------------

Total Current Liabilities                          $        0      $        0
                                                   ------------    ------------

Stockholders' Equity
   Authorized shares 99,000,000
   $0.001 par value; 10,000 outstanding at 9-30-00
   and at 12-31-99                                 $       10      $       10

Additional paid-in Capital                                990             990

Deficit accumulated during development stage           (1,000)         (1,000)
                                                   ------------    ------------

Total Stockholders' Equity                         $        0      $        0
                                                   ------------    ------------

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



                                       1
<PAGE>

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

<TABLE>
                                                                                               From Inception (July
                                  For the Three Months Ended          For the Nine Months       26, 1990) Through
                                         September 30,                Ended September 30,           March 31,
                                  ---------------------------         --------------------      -------------------

                                      2000            1999           2000           1999              2000
                                     ------          ------         ------         ------            ------
<S>                                <C>              <C>            <C>            <C>               <C>

REVENUES                         $       0        $       0       $      0       $      0       $         0

EXPENSES
   Administrative Expenses               0                0       $      0       $      0       $     1,000
                                   -----------    ----------       ----------     ----------     --------------

   Total Expenses                $       0        $       0       $       0      $      0       $     1,000
                                   -----------    ----------       ----------     ----------     --------------

   NET LOSS                      $      (0)       $      (0)      $      (0)     $     (0)      $    (1,000)

                                   ===========    ==========       ==========     ==========     ==============

   (LOSS) PER SHARE              $       0        $       0       $       0      $      0       $      (0.1)
                                   ===========    ==========       ==========     ==========     ==============

   AVERAGE SHARES OUTSTANDING       10,000           10,000          10,000        10,000            10,000
                                   ===========    ==========       ==========     ==========     ==============
</TABLE>

                      See Notes to the Financial Statements

                                       2
<PAGE>


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

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

                                                 2000            1999         September 30, 2000
                                             -------------    -----------     --------------------
<S>                                          <C>              <C>             <C>


CASH FLOWS FROM FINANCING ACTIVITIES
Net Income (Loss)
                                             $          0     $        0      $           (1,000)

Adjustments to reconcile net loss
to cash used in operating activities:
Amortization                                            0              0                        0
                                             -------------    -----------     --------------------

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>

                      See Notes to the Financial Statements

                                       3
<PAGE>


           LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
                          (A Development Stage Company)
                   Notes to the Condensed Financial Statements
                               September 30, 2000


1.   General

     The interim financial  statements are prepared pursuant to the requirements
for  reporting  on Form 10-QSB.  The  December  31, 1999 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,  1999.  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, 2000 and 1999,
the Company had no operations other than the search for a business to acquire or
with which to combine.

     The Company  reported  no  revenues or expenses  for either of the three or
nine month  periods  ended  September 30, 2000 or 1999 nor did the Company incur
any expenses in either period.

Material Changes in Financial Condition, Liquidity and Capital Resources

     At  September  30, 2000 the  Company  had no current  assets and no current
liabilities  as  compared  to no current  assets and no current  liabilities  at
December 31, 1999.

     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

     27.1 Financial Data Schedule

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: October 10, 2000                    By: /s/ Craig Barton
                                             -----------------------------------
                                               Craig Barton, President
                                               and Principal Executive Officer


Date: October 10, 2000                    By:  /s/ Hank Vanderkam
                                             -----------------------------------
                                               Hank Vanderkam, Treasurer
                                               Principal Financial Officer