U.S. Securities and Exchange Commission
                             Washington, D.C. 20549

                                   FORM 10-QSB




[X]     QUARTERLY  REPORT  UNDER  SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT  OF  1934  for  the  quarterly  period  ended  September  30,  2000

[  ]     TRANSITION  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT  OF  1934  for  the  transition  period  from  _______  to  _______

COMMISSION  FILE  NUMBER  0-05391

                                  METWOOD, INC.
        (Exact name of small business issuer as specified in its charter)


          Nevada                              83-0210365
(State  or  other  jurisdiction  of          (IRS  Employer  identification No.)
incorporation  or  organization)


                      819 Naff Road, Boones Mill, VA 24065
                    (Address of principal executive offices)

                                 (540) 334-4294
                           (Issuer's telephone number)



Check whether the issuer (1) filed all reports required to be filed by Section13
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 [ ]

Number  of  shares  of  common  stock  outstanding  as  of
November  1,  2000:  11,832,883



<PAGE>




<TABLE>
<CAPTION>


                           CONSOLIDATED BALANCE SHEETS
                           ---------------------------
                           METWOOD, INC. & SUBSIDIARY
                    As of September 30, 2000 & June 30, 2000




                                           ASSETS          (Unaudited)
                                    --------------------
<S>                                 <C>                   <C>
                                    September 30, 2000    June 30, 2000
                                    --------------------  --------------
CURRENT ASSETS
----------------------------------
Cash . . . . . . . . . . . . . . .  $            14,505          91,598
Accounts receivable. . . . . . . .              167,755         104,171
Inventory. . . . . . . . . . . . .              106,505          84,741
Accrued interest receivable. . . .                4,500           4,500
                                    --------------------  --------------
  TOTAL CURRENT ASSETS . . . . . .              293,265         285,010

PROPERTY, PLANT AND EQUIPMENT
----------------------------------
Land . . . . . . . . . . . . . . .               88,000          88,000
Buildings and improvements . . . .              323,694         309,056
Machinery and equipment. . . . . .              229,801         193,685
 Accumulated depreciation. . . . .              (92,032)        (83,032)
                                    --------------------  --------------
 NET PROPERTY, PLANT AND EQUIPMENT              549,463         507,709

OTHER ASSETS
----------------------------------
Notes receivable from stockholders              300,000         300,000
Deposits . . . . . . . . . . . . .                8,250           8,250
                                    --------------------  --------------
  TOTAL OTHER ASSETS . . . . . . .              308,250         308,250
                                    --------------------  --------------

    TOTAL ASSETS . . . . . . . . .  $         1,150,978       1,100,969
                                    ====================  ==============

</TABLE>


















           See Accompanying Notes to Consolidated Financial Statements
<PAGE>


<TABLE>
<CAPTION>


                               CONSOLIDATED BALANCE SHEETS (CONTINUED)
                               ---------------------------------------
                                      METWOOD, INC. & SUBSIDIARY
                               As of September 30, 2000 & June 30, 2000

                                 LIABILITIES AND STOCKHOLDERS' EQUITY
                                 ------------------------------------



(Unaudited)
                                            September 30, 2000  June 30, 2000
                                            ------------------  --------------
<S>                                         <C>                 <C>
CURRENT LIABILITIES
------------------------------------------
Accounts payable and accrued expenses. . .             115,019         87,553
                                            ------------------  --------------
  TOTAL CURRENT LIABILITIES. . . . . . . .             115,019         87,553
                                            ------------------  --------------


STOCKHOLDERS' EQUITY
------------------------------------------
Common stock
($.001, par value,100,000,000
 authorized- 11,432,886 issued and
 outstanding at September 30, 2000
 & 8,153,499 issued and outstanding
 at June 30, 2000) . . . . . . . . . . . .              11,432          8,153
Common stock subscribed not yet delivered
 ($.001,par value, -0- and 3,200,000
 subscribed at September 30, 2000 & June
 30, 2000, respectively) . . . . . . . . .                 -0-          3,200
Additional paid-in-capital . . . . . . . .           1,015,797      1,015,797
Retained earnings (deficit). . . . . . . .               8,730        (13,734)
                                            ------------------  --------------

TOTAL STOCKHOLDERS'EQUITY. . . . . . . . .           1,035,959      1,013,416
                                            ------------------  --------------
                                                    $1,150,978      1,100,969
                                             =================   ==============


</TABLE>
















           See Accompanying Notes to Consolidated Financial Statements
           -----------------------------------------------------------
<PAGE>
--------
<TABLE>
<CAPTION>


                  CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
                  ---------------------------------------------
                           METWOOD, INC. & SUBSIDIARY
              For the Three Months Ended September 30, 2000 & 1999




                                            Sept. 30, 2000     Sept. 30, 1999
                                           ----------------    ----------------
<S>                                         <C>               <C>

REVENUE
------------------------------------------
 Sales . . . . . . . . . . . . . . . . . .  $       386,741      353,233
 Cost of Labor . . . . . . . . . . . . . .         (226,904)    (208,054)
                                            ----------------  -----------
  GROSS PROFIT . . . . . . . . . . . . . .          159,837      145,179

SELLING, GENERAL & ADMINISTRATIVE EXPENSES
------------------------------------------
 Salaries and Wages. . . . . . . . . . . .           64,125       36,107
 Payroll Taxes . . . . . . . . . . . . . .            9,820        5,744
 Commissions . . . . . . . . . . . . . . .               --       36,000
 Rent. . . . . . . . . . . . . . . . . . .              850        8,350
 Utilities . . . . . . . . . . . . . . . .            5,233          432
 Telephone . . . . . . . . . . . . . . . .            3,501        2,722
 Depreciation. . . . . . . . . . . . . . .            9,000        2,880
 Supplies. . . . . . . . . . . . . . . . .           16,769       12,311
 Repairs and maintenance . . . . . . . . .            9,766        6,127
 Advertising . . . . . . . . . . . . . . .           17,922        5,295
 Employee benefit programs . . . . . . . .            4,102          649
 Insurance . . . . . . . . . . . . . . . .            9,183        2,231
 Professional fees . . . . . . . . . . . .            2,018        1,395
 Miscellaneous expenses. . . . . . . . . .              547           66
 Vehicles.expense                                       588          112
                                            ----------------  ------------
TOTAL EXPENSES . . . . . . . . . . . . . .          153,424      120,421
                                            ----------------  -----------

  OPERATING INCOME . . . . . . . . . . . .            7,018       24,756

  Other Income . . . . . . . . . . . . . .           16,052        4,109

    NET INCOME . . . . . . . . . . . . . .  $        22,465       28,865
                                            ================  ===========

Retained Earnings
(Deficit), June 30,. . . . . . . . . . . .          (13,734)      40,658
                                            ----------------  -----------

Retained Earnings,
    September 30,. . . . . . . . . . . . .  $         8,730   $   69,523
                                            ================  ===========

    Net Income Per Share-
    Basic and fully diluted. . . . . . . .  $          .002   $     .004
                                            ================  ===========

    Weighted Average Shares. . . . . . . .       10,717,745    7,183,667
                                            ================  ===========



</TABLE>



           See Accompanying Notes to Consolidated Financial Statements
           -----------------------------------------------------------
<PAGE>
 --------
<TABLE>
<CAPTION>


                              CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
                              -------------------------------------------------
                                         METWOOD, INC. & SUBSIDIARY
                            For the Three Months Ended September 30, 2000 & 1999


                                              September 30,
<S>                                          <C>        <C>
                                             2000        1999
CASH FLOWS FROM OPERATING ACTIVITIES:
-----------------------------------------
Net Income                                  $22,465     28,865
Adjustments to reconcile net income
to net cash provided by (used in)
operating activities:
Depreciation                                 9,000       2,880
Common stock issued for rounding of
fractional shares under stock split           79          --
(Increase) decrease in operating assets:
Accounts receivable                        (63,584)      (567)
Inventory                                  (21,764)     27,942
Increase (decrease) in operating
liabilities:
Accounts payable &
accrued expenses                            27,466     (21,837)
                                           ---------  -----------

NET CASH PROVIDED BY (USED IN)
OPERATING ACTIVITIES                       (26,338)      37,283
                                          ----------  ------------

CASH FLOWS FROM INVESTING ACTIVITIES:
-----------------------------------------
Expenditures for building improvements     (14,638)       --
Expenditures for equipment                 (36,117)    (11,500)
                                           ---------  -----------

NET CASH USED IN INVESTING
ACTIVITIES                                 (50,755)    (11,500)
                                           ---------  -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
-----------------------------------------
Common stock issuances                        --        76,241
Shareholder distributions                     --       (131,000)
Shareholder loans, net                        --         3,108
                                           ---------  -----------

NET CASH PROVIDED BY (USED IN)
FINANCING ACTIVITIES                          --       (51,651)
                                           ---------  -----------

NET DECREASE IN CASH
AND CASH EQUIVALENTS                       $(77,093)   (25,868)
Cash and cash equivalents,
beginning of period                         $91,598     89,998
                                           ---------  -----------
CASH AND CASH EQUIVALENTS
END OF PERIOD                               $14,505     64,130
                                           =========  ===========

</TABLE>



           See Accompanying Notes to Consolidated Financial Statements
           -----------------------------------------------------------
<PAGE>
                                    --------

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   ------------------------------------------
                          METWOOD, INC. & SUBSIDIARIES
                         September 30, 2000 (UNAUDITED)


ITEM  1.
--------

NOTE  1  -  BASIS  OF  PRESENTATION

The accompanying unaudited condensed consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for interim
financial  information  and  pursuant  to  the  rules  and  regulations  of  the
Securities  and Exchange Commission. Accordingly, they do not include all of the
information  and  footnotes required by generally accepted accounting principles
for  complete  financial  statements.

In  the  opinion  of  management, the unaudited condensed consolidated financial
statements  contain all adjustments consisting only of normal recurring accruals
considered  necessary  to  present  fairly  the  Company's financial position at
September  30, 2000, the results of operations for the three month periods ended
September  30,1999 and 2000, and cash flows for the three months ended September
30,  1999 and 2000. The results for the period ended September 30, 2000, are not
necessarily  indicative of the results to be expected for the entire fiscal year
ending  June  30,  2001.

NOTE  2  -  EARNINGS  PER  SHARE

The  following  represents  the  calculation  of  earnings  per  share:
<TABLE>
<CAPTION>



                                       For the three months ended
                                              September 30,
<S>                                  <C>                     <C>
  BASIC & DILUTED*. . . . . . . . .        2000              1999
  ---------------                    ------------------------------
Net income. . . . . . . . . . . . .  $     22,465        $   28,865

Less- preferred stock dividends             ---                ---
                                     -------------      ------------
Net income(loss). . . . . . . . . .  $     22,465        $   28,865
Weighted average number
Of common shares. . . . . .            10,717,745         7,183,667
                                     -------------      ------------
Basic & diluted earnings per share.  $     .002          $   .004
                                     =============       ============


</TABLE>



*There  were  no  common  stock  equivalents  for  either  period  presented.
<PAGE>

ITEM  2.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION
--------

With  the  exception of historical facts stated herein, the matters discussed in
this  report  are  "forward  looking"  statements  that  involve  risks  and
uncertainties  that  could  cause  actual  results  to  differ  materially  from
projected  results.  Such  "forward  looking"  statements  include,  but are not
necessarily  limited  to,  statements  regarding  anticipated  levels  of future
revenues and earnings from operations of the Company. Readers of this report are
cautioned  not to put undue reliance on "forward looking" statements, which are,
by  their  nature,  uncertain  as reliable indicators of future performance. The
Company  disclaims  any  intent  or obligation to publicly update these "forward
looking"  statements,  whether as a result of new information, future events, or
otherwise.

DESCRIPTION  OF  BUSINESS
-------------------------

Business  Development
--------------------

The  Company was incorporated under the laws of the State of Wyoming on June 19,
1969.  Following  an  involuntary  dissolution  for  failure  to  file an annual
report, the Company was reinstated as a Wyoming Corporation on October 14, 1999.
Thereafter,  on  January  28,  2000, the Company, through a majority shareholder
vote, changed its domicile to Nevada through a merger with EMC Energies, Inc., a
Nevada corporation.  The Plan of Merger provided for the dissenting shareholders
to be paid the amount, if any, to which they would be entitled under the Wyoming
Corporation Statutes with respect to the rights of dissenting shareholders.  The
Company  also changed its par value to $.001 and the amount of authorized common
stock  to  100,000,000.

Prior  to  1990,  the  Company  was  engaged  in  the  business  of  exploring
for  and  producing oil and gas in the Rocky Mountain and Mid-Continent areas of
the  United  States.  The  Company liquidated substantially all of its assets in
1990,  and  was  dormant  until  June  30,  2000,  when  it  acquired,  in  a
stock-for-stock,  tax-free  exchange,  all  of the outstanding common stock of a
privately  held  Virginia  corporation, Metwood, Inc., which was incorporated in
1993.  See  Form  8-K and attached exhibits, filed August 11, 2000.  Metwood has
been  in  the  metal  and  metal/wood  construction  materials
manufacturing  business  since  1992.  Following  the  acquisition,  the Company
approved  a  name  change  from  EMC  Energies,  Inc.  to  Metwood,  Inc.

<PAGE>

Principal  Products  or  Services  and  Markets
------------------------------------------

Residential  builders  are  aware  of  the superiority of steel framing vs. wood
framing,  insofar  as steel framing is lighter, stronger, termite, pest, rot and
fire  resistant,  and  dimensionally  more  stable  to  withstand induced loads.
Although  use  of  steel  framing  in  residential  construction  has  generally
increased  each year since 1980, many residential builders have been hesitant to
utilize  steel,  due  to  the need to retrain framers and subcontractors who are
accustomed  to a "stick built" construction method where components are laid out
and  assembled  with  nails  and  screws.  The Company's founders, Robert (Mike)
Callahan and Ronald Shiflett saw the need to combine the strength and durability
of  steel  with  the  convenience  and  familiarity  of wood and wood fasteners.

The  Company  manufactures  light  gage  steel  construction  materials, usually
combined  with  wood  or  wood  fasteners, for use in residential and commercial
applications, in place of more conventional wood products, which are inferior in
terms  of  strength  and  durability.  The  steel  and steel/wood products allow
structures  to  be  built with increased load strength and structural integrity,
and  fewer  support  beams  or  support  configurations,  thereby  allowing  for
structural  designs  that  are  not  possible  with  wood-only  products.

Its  primary  products  and  services  are:

Girders  and  headers;
Floor  joists;
Floor  joist  patch  kits
Roof  and  floor  trusses;
Garage,  deck  and  porch  kits
Garage  and  post  and  beam  buildings
Engineering,  design  and  custom  building  services


Distribution  methods  of  the  products  or  services
------------------------------------------------

     The  Company's  sales  are  primarily  retail,  directly to contractors and
do-it-yourself  homeowners in Virginia and North Carolina.  Approximately 20% of
the  Company's  sales  are  wholesale  to  lumberyards, home improvement stores,
hardware  stores,  and  plumbing  and electrical suppliers in Virginia and North
Carolina.  The  Company  relies  on  its  own sales force for all outside sales.


<PAGE>

Seasonality  of  market
---------------------

The Company's sales are subject to seasonal impacts, as its products are used in
residential  and  commercial construction projects, which tend to be at a higher
build  rate  in  Virginia  and  North  Carolina  between the months of March and
October.  Accordingly,  the  Company's sales are greater in its second and third
quarters.  The  Company  builds  an  inventory  of  its  products
throughout  the  winter  and  spring  to  support  this  sales  season.

Competition
-----------

Nationally,  there  are  over one hundred manufacturers of the types of products
produced  by  the  Company.  Approximately  10%  of  these manufacturers capture
approximately  80% of the market for these products.  In addition, most of these
manufacturers  are better financed than the Company, and therefore better poised
for  market  retention  and  expansion.  The  majority  of  these manufacturers,
however,  are using wood-only products, or products without metal reinforcement.
The  Company has identified only one other manufacturer in the western U.S. that
manufacturers  a  similar  wood-metal  floor  truss to that of the Company.  The
Company holds four separate patents on its products (see Patents section, below)
that  are unique only to the Company.  The Company intends to continue to expand
its  wholesale  marketing  of its unique products to companies such as Lowes and
Home  Depot,  and  to license the Company's technology and products, to increase
its  distribution  outside  of  Virginia,  North  Carolina  and  the  South.

Sources  and  availability of raw materials and the names of principal suppliers
-------------------------------------------------------------------

All of the raw materials used by the Company are readily available on the market
from  numerous  suppliers.  The light gage metal used by the Company is supplied
primarily  by Dietrich Industries.  The Company's main source of lumber is Loews
and  84  Lumber  Company.  Delphia Metals supplies the majority of the Company's
rebar  supply.  Because of the number of suppliers available to the Company, its
decision in purchasing materials is dictated primarily by price, and secondarily
by  availability.  The  Company  does  not  anticipate  a lack of supply to ever
effect  its  production,  but rather a shortage may cause the Company to pass on
higher  materials  prices  to  its  buyers.


<PAGE>

Dependence  on  one  or  a  few  major  customers
------------------------------------------

     Presently  the  Company  does  not have a customer, the loss of which would
have a substantial impact on the Company's operations.  As the Company continues
to  expand  its  wholesale  sales  to purchasers such as Loews and Home Depot, a
substantial  impact  would  be  more  likely  should  such  a  customer be lost.


Patents,  trademarks,  licenses,  franchises, concessions, royalty agreements or
labor  contracts,  including  duration
------------------------------------------------------------------

     The  Company  has  four  U.S.  Patents:

     U.S.  Patent  No.  5,519,977, Joist Reinforcing Bracket, for a bracket that
reinforces  wooden  joists  provided  with  a  hole for the passage of a utility
conduit.  The  Company  refers  to  this  as  its  floor  joist  patch  kit.

     U.S.  Patent  No.  5,625,997,  Composite  Beam,  for  a composite beam that
includes  an  elongated metal shell and a pierceable insert for receiving nails,
screws  or  other  penetrating  fasteners.

     U.S.  Patent  No.  5,832,691,  Composite  Beam,  for  a composite beam that
includes  an  elongated metal shell and a pierceable insert for receiving nails,
screws  or  other penetrating fasteners.  This is a continuation-in-part of U.S.
Patent  No.  5,625,997.

     U.S.  Patent  No.  5,921,053,  Internally  Reinforced  Girder  with
Pierceable  Nonmetal  Components,  for a girder that includes a pair of c-shaped
members secured together so as to form a hollow box, which permits the girder to
be  secured  within  a  building  structure  with conventional fasteners such as
nails,  screws  and  staples.

     Each  of  these patents were originally issued to the inventors and Company
founders,  Robert  (Mike)  Callahan  and  Ronald B. Shiflett, who assigned these
patents  to  the  Company.


Need  for  any  government  approval  of  principal  products  or  services
-----------------------------------------------------------------

The  Company's  products  must either be sold with their engineer's seal or they
must  be  approved  by  Bureau  Officials  Code  Association  (BOCA).  Once BOCA
approval  is  obtained,  the  products  can  be  used

<PAGE>

with  recognized approval in all 50 states.  The Company's floor joist patch kit
is presently awaiting BOCA approval.  Failure to obtain BOCA approval for any of
the  Company's  products  does  not  preempt their sale, but is an impediment to
uniform  acceptability  as  the  Company  expands  to  new  markets.

Time  spent  during  the  last  two  fiscal  years  on  research and development
activities
-------------------------------------------------------------------

Approximately  fifteen  percent  of  the  Company's time and resources have been
spent  during  the  last  two fiscal years researching and developing metal/wood
products.

Costs  and  effects  of  compliance  with  environmental  laws
-------------------------------------------------------

      None;  not  applicable.


Number  of  total  employees  and  number  of  full  time  employees
-----------------------------------------------------------

The  Company  has  twenty-one  employees,  all  of  which  are  full-time.


RESULTS  OF  OPERATIONS
-----------------------

Net  Income

The  Company had net income of $22,465, or $.002 per common share, for the first
three  months of operations, versus net income of $28,865, or $.004 for the same
period  ended  September 30, 1999. The change in net income was primarily due to
an  increase  in  administrative  expenses,  particularly  advertising.

Sales

Revenues  increased  $33,508  or  9.4%  to  $386,741  for the three months ended
September  30,  2000  as  compared  with  $353,233  for  the  three months ended
September  30,  1999. The increase was primarily due to the Company's aggressive
marketing campaign and growing brand awareness. Average selling prices and gross
margins  remained  fairly  constant.




<PAGE>
Expenses

Selling,  General, and Administrative expenses increased $33,003 to $153,424 for
the  period  ending September 30, 2000 versus $120,421 for the same period ended
September  30,  1999,  an  increase  of  27.3%.
The  most  notable  differences  were  in the advertising and supplies accounts,
which  increased  $12,627 and $4,458, respectively. Increases were also noted in
the depreciation, utilities, repairs and maintenance, and insurance accounts due
to  the  Company operating out of it newly renovated, 'owned' facility in Boones
Mill,  VA.  Rent  expense decreased $7,500 as compared to the same period during
1999.

Liquidity  and  Capital  Resources

On  September  30,  2000, the Company had cash of $14,505 and working capital of
$178,246.  This compares with cash of $64,130 and working capital of $193,218 at
September  30,  1999.  The decrease in working capital was due to an increase in
accounts payable, offset by an increase in accounts receivable and a decrease in
cash  from  proceeds  of  common  stock  sales.

Net  cash  used  in  operating  activities was $26,338 for the three month ended
September  30,  2000  as  compared with cash provided by operating activities of
$37,283  for  the  period ended September 30, 1999. The difference was primarily
attributable  to an increase in accounts receivable and inventory of $63,584 and
$21,764,  respectively.

Net  cash  used  in  investing activities was $50,755 for the three months ended
September  30,  2000  as  compared with net cash used of $11,500 during the same
period  ended  September  30,  1999.  The Company purchased several items of new
equipment  and  made capital improvements to it building during the three months
ended  September  30,  2000.

Cash  provided  by  financing activities totaled $-0- for the three months ended
September  30,  2000  as  compared with net cash used in financing activities of
$51,651  for  the  three months ended September 30, 1999. The difference in cash
used  in financing activities was primarily due to the shareholder distributions
paid during the three months ended September 30, 1999 in the amount of $131,000.
This  was offset by proceeds from the sales of common stock during the Company's
Regulation  D  offering  in  1999.





<PAGE>

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

Item  1.  Legal  Proceedings

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.

Item  6.  Exhibits  and  Reports  on  Form  8-K

a)  Exhibits
-----------
27.1  Financial  Data  Schedule


b)  Reports  on  Form  8-K
----------------------
1.     Form  8-K was filed on August 11, 2000 regarding the change in control of
the  registrant  and  election of new board of directors pursuant to its plan of
reorganization.  Such  plan  is  described  in  the  Company's Form 10-KSB filed
October  6,  2000.
2.     Form 8-K was filed on August 11, 2000 regarding the change in registrants
name  and  authorization  of a reverse stock split, also pursuant to its plan of
reorganization.
3.     Form 8-K was filed on July 26, 2000 regarding the change in the Company's
certifying  accountants.
4.     Form  8-K  was  filed on July 11, 2000 regarding the change in control of
registrant  pursuant  to  its  plan  of  reorganization.



                           --SIGNATURE PAGE FOLLOWS--


<PAGE>

                                   SIGNATURES

In  accordance with the requirements of the Securities Exchange Act of 1934, the
registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned,  thereunto  duly  authorized.


                              /s/  Robert  'Mike'  Callahan
Date:  November  1,  2000      ------------------------
                                    Robert  'Mike'  Callahan
                                   Chief  Executive  Officer






























<PAGE>