FORM 10-KSB/A
                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

[X] ANNUAL  REPORT UNDER SECTION 13 OR 15(d) OF THE  SECURITIES  EXCHANGE ACT OF
    1934 For the fiscal year ended: March 31, 1998


                         Commission File No. 000-09751

                               VIABLE RESOURCES, INC.
                               -------------------
                 (Name of small business issuer in its charter)
        Nevada                                     83-0242652
        --------                                    ----------
(State or other jurisdiction of           (I.R.S. Employer Identification No.)
incorporation or organization)



                 P.O. Box 3412, Casper, WY                      82602
                 ------------------------------------------------------
                 (Address of principal Executive Offices     Zip Code)

Registrant's telephone number, including area code: (307) 472-3000

Securities  registered  pursuant  to  section  12  (b)  of  the  Act:

Title  of  each  class                Name of each exchange on which  registered
       None                                               None
   -----------                              -----------------------------

Securities  registered  pursuant  to  section  12  (g  )  of  the  Act:
 $0.01  par  value  common  stock
- ---------------------------------------
         (Title  of  Class)

Check  whether the Issuer (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.

  (1) Yes [   ]   No [ x  ]                         (2)  Yes [ x ]    No [  ]

Check  if there is no disclosure of delinquent filers in response to Item 405 of
Regulation  S-B  is  not  contained  in  this  form,  and  no disclosure will be
contained,  to  the  best  of the registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or  any  amendment  to  this  Form  10-KSB.  [  ]

State  issuer's  revenues  for  its  most  recent  fiscal  year:  $   -0-
                                                                   ----------

State  the  aggregate  market value of the voting stock held by nonaffiliates of
the registrant. The aggregate market value shall be computed by reference to the
price  at  which the stock was sold, or the average bid and asked prices of such
stock,  as  of  a  specified  date  within  the  past  60  days.


<PAGE>

At  March  31,  1998,  the  aggregate market value of the voting stock  held  by
nonaffiliates  is  undeterminable  and  is  considered  to  be  0.

     (ISSUERS  INVOLVED  IN  BANKRUPTCY  PROCEEDINGS DURING THE PAST FIVE YEARS)

     Not  applicable

     (APPLICABLE  ONLY  TO  CORPORATE  REGISTRANTS)

As  of  March  31, 1998, the registrant had   13,013,300  shares of common stock
issued  and  outstanding.

     DOCUMENTS  INCORPORATED  BY  REFERENCE

List hereunder the following documents if incorporated by reference and the part
of  the  form  10-  KSB (e.g., part I, part II, etc.) into which the document is
incorporated:  (1) Any annual report to security holders; (2) any proxy or other
information  statement; and (3) Any prospectus filed pursuant to rule 424 (b) or
(c)  under  the  Securities  Act  of  1933:  NONE

<PAGE>
     TABLE  OF  CONTENTS



PART  I               Page
- -------               ----

ITEM  1.     DESCRIPTION  OF  BUSINESS                                      4

ITEM  2.     DESCRIPTION  OF  PROPERTIES                                    4

ITEM  3.     LEGAL  PROCEEDINGS                                             4

ITEM  4.     SUBMISSION  OF  MATTERS  TO  VOTE  OF  SECURITY  HOLDERS       4

PART  II
- --------

ITEM  5.     MARKET  FOR  COMMON  EQUITY  AND  RELATED STOCKHOLDER MATTERS  4

ITEM  6.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR PLAN OF OPERATION  5

ITEM  7.     FINANCIAL  STATEMENTS                                          6

ITEM  8.     CHANGES  IN  AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON
             ACCOUNTING  AND  FINANCIAL  DISCLOSURE                         6

PART  III
- ---------

ITEM  9.     DIRECTORS,  EXECUTIVE  OFFICERS,  PROMOTERS,  AND
             CONTROL PERSONS; COMPLIANCE  WITH  SECTION  16  (a)
             OF  THE  EXCHANGE  ACT                                         6

ITEM  10.     EXECUTIVE  COMPENSATION                                       9

ITEM  11.     SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL OWNERS
              AND MANAGEMENT                                                9

ITEM  12.     CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS           10

PART  IV
- --------

ITEM  13.     EXHIBITS                                                     11

<PAGE>


     ITEM  1.  DESCRIPTION  OF  BUSINESS



HISTORY  AND  ORGANIZATION

The Company was incorporated under the laws of the state of Nevada on August 24,
1978  with authorized common stock of 25,000,000 shares at a  par value of $.01.
Since  inception  the  Company and its wholly owned subsidiary has been  engaged
in  the  business  of  the  exploration,  development  and production of mineral
properties.   During  1992 the Company ceased operations  and has since remained
inactive.

OVERVIEW

The Company was incorporated under the laws of the state of Nevada on August 24,
1978  with authorized common stock of 25,000,000 shares at a  par value of $.01.
Since  inception  the  Company and its wholly owned subsidiary has been  engaged
in  the  business  of  the  exploration,  development  and production of mineral
properties.   During  1992  the  Company  ceased  operations by the loss of  its
remaining  assets  and  its  wholly  owned  subsidiary  and  has  since remained
inactive.

 On  February  29, 1984, the Registrant filed a voluntary petition under chapter
XI  of the United States Bankruptcy Code, in the United States Bankruptcy Court,
District  of  Wyoming.  Previous  Annual Reports on Forms 10-K have detailed the
background  of  the  filing  and progress in the reorganization proceedings.  On
February  18,  1987,  the  Bankruptcy  Court  confirmed the Registrant's plan of
Reorganization  which  had been submitted to and approved by creditors.  On July
13,  1988,  the  Bankruptcy  Court  issued  the final decree closing the case of
Viable  Resources,  Inc.  No 84-00138-B, pursuant to Rule 3022 of the bankruptcy
rules.

The ability of the Registrant to meet its obligations under the plan depended on
the  operational  success  under  the  agreement.  The registrant's share of the
revenues  under  the  agreement  was  not  sufficient  to  meet  the payments to
creditors  under  the plan and during 1990  became delinquent on the payments to
creditors.

At the date of this report all remaining debt of the registrant after completion
of  the  bankruptcy  has  been  extinguished  by  the  statute  of  limitations.

The  company  is considered to have been in the development stage since April 1,
1993.

The Company intends seek business  proposals which might provide the Company and
its stockholders with a viable business opportunity. The Board of Directors will
make the final approval in determining whether to complete any acquisition,  and
unless required by applicable law, the articles of incorporation or bylaws or by
contract, stockholders' approval will not be sought.

<PAGE>

The  investigation  of  specific  business  opportunities  and  the negotiation,
drafting,  and execution of relevant agreements, disclosure documents, and other
instruments  will  require  substantial  management  time and attention and will
require  the  Company  to  incur  substantial  costs for payment of accountants,
attorneys,  and  others. If a decision is made not to participate in or complete
the  acquisition  of  a  specific  business opportunity, the costs incurred in a
related  investigation will not be recoverable. Further, even if an agreement is
reached  for  the  participation  in  a  specific business opportunity by way of
investment  or  otherwise,  the failure to consummate the particular transaction
may result in the loss to the Company of all related costs incurred. In the past
the  board  of  directors  has  approved a resolution authorizing the Company to
issue  shares  of  its  common  stock  as  consideration  for monies advanced or
services  rendered  on  behalf  of  the  Company.

Currently,  management  is not able to determine the time or resources that will
be  necessary  to  complete  the  participation  in or acquisition of any future
business  prospect.



     ITEM  2.  DESCRIPTION  OF  PROPERTIES



The  Company  does  not  maintain  any  office  nor  does  it  own  any property



     ITEM  3.  LEGAL  PROCEEDINGS


None


     ITEM  4.  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITIES  HOLDERS


No  matters  were  submitted to a vote of shareholders of the Company during the
fiscal  year  ended  March  31,  1998.



     ITEM  5.  MARKET  FOR  COMMON  EQUITY  AND  RELATED  STOCKHOLDER  MATTERS


During  the past  three  years  the  company's  common  stock  has  been  quoted
sporadically in the Pink Sheets".  No accurate  trading history is available for
the years 1996,  1997 or 1998.  Any market for common  shares was very  limited.
Since its  inception,  the Company has not paid any  dividends  on its common or
preferred  stock,  and does not  anticipate  that it will pay  dividends  in the
foreseeable future. At March 31, 1998, the Company had 1,750 shareholders.


<PAGE>

     ITEM  6.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION

Liquidity  and  Capital  Resources
- ----------------------------------

As of March 31, 1998 the Company had no significant assets and no liabilities.

Results  of  Operations
- -----------------------

Since  the Company ceased operations in 1992, its only activity has involved the
investigation  of  potential  business  opportunities.

The company had an investment in a mining venture in South Dakota which it wrote
off in 1998,  as the  mining  attempts  had  ceased  and ay  interests  had been
previously  disposed of. The company had not operating income or expenses in the
period in 1998.  The company had a write off of net  ($595,850) on its interests
in mining  property in South Dakota in the year.  The net loss was ($595,850) in
1998. The loss per share was ($.05) in 1998.  The  cumulative  deficit since the
inception of the company is ($6,594,325).


     ITEM  7.  FINANCIAL  STATEMENTS


The  financial  statements  of the Company are  included following the signature
page  to  this  form  10-KSB.


     ITEM  8.  CHANGES  IN  AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON
     ACCOUNTING  AND  FINANCIAL  DISCLOSURE


Michael B. Johnson & Company, CPA's of Denver, Colorado were retained in 2000 as
auditors  for the  Company for fiscal  year 1998 and  thereafter.  There were no
disagreements  with prior  auditors  as to  accounting  treatment  or  financial
disclosure.


     ITEM  9.  DIRECTORS  AND  EXECUTIVE  OFFICERS,  PROMOTERS,  AND  CONTROL
     PERSONS;  COMPLIANCE  WITH  SECTION  16(A)  OF  THE  EXCHANGE  ACT


Each  director  of  the  Company  serves  for  a  term of one year and until his
successor  is  elected  at  the  Company's  annual  shareholders' meeting and is
qualified,  subject  to  removal  by  the  Company's  shareholders. Each officer
serves,  at  the  pleasure of the board of directors, for a term of one year and
until  his  successor is elected at the annual meeting of the board of directors
and  is  qualified.

The following table sets forth as of March 31, 1998, the name, age, and position
of  each  executive officer and director and the term of office of each director
of  the  Company.

Name              Age     Position     Director  and/or  Officer  Since
- ----            ---     --------     --------------------------------

Z.  S.  Merritt   70    President   January 1983  to  period end for this report

<PAGE>
Set  forth  below  is  certain  biographical  information  regarding each of the
Company's  executive  officers  and  directors.


Z.  S.  Merritt - Mr. Merritt has been a Director and a Corporate Officer of the
- -----------------
Registrant  since its inception in August, 1978.  He had been self-employed as a
consulting  geologist and landman in Casper, Wyoming since August, 1974 and  was
employed  by  Western  Standard  Corporation  of  Riverton,  Wyoming  as  a Vice
President  and  a  Director  in charge of prospect acquisitions, exploration and
development.  During  1968  and  1969,  Mr.  Merritt  was manager of the uranium
exploration  program  for  International  Nuclear  Corporation  (now  INEXCO) of
Colorado.  Mr. Merritt was the Secretary, Treasurer and a Director of Extractive
Fuels,  Inc.  Of  Casper, Wyoming  from September 1975, until his resignation in
May,  1980.  He  has  also  been  the  President  of  Prairie  Energy  Minerals.

Except  as indicated below, to the knowledge of management, during the past five
years,  no  present or former director, executive officer or person nominated to
become  a  director  or  an  executive  officer  of  the  Company:

(1)  filed  a petition under the federal bankruptcy laws or any state insolvency
law,  nor  had  a receiver, fiscal agent or similar officer appointed by a court
for  the business or property of such person, or any partnership in which he was
a  general  partner  at  or  within  two  years  before the time of such filing;

(2)  was  convicted  in  a  criminal  proceeding  or  named subject of a pending
criminal  proceeding  (excluding  traffic  violations and other minor offenses);

(3)  was  the  subject  of  any  order,  judgment  or  decree,  not subsequently
reversed,  suspended  or  vacated,  of  any  court  of  competent  jurisdiction,
permanently  or  temporarily  enjoining  him  from  or  otherwise  limiting, the
following  activities:

(i)  acting  as  a  futures  commission  merchant, introducing broker, commodity
trading  advisor,  commodity  pool  operator, floor broker, leverage transaction
merchant,  associated  person  of  any  of  the  foregoing,  or as an investment
advisor, underwriter, broker or dealer in securities, or as an affiliate person,
director or employee of any investment company, or engaging in or continuing any
conduct  or  practice  in  connection  with  such  activity;

(ii)  engaging  in  any  type  of  business  practice;  or


<PAGE>
(iii)  engaging  in  any activity in connection with the purchase or sale of any
security  or  commodity  or in connection with any violation of federal or state
securities  laws  or  federal  commodities  laws;

(4)  was  the  subject  of  any  order,  judgment,  or  decree, not subsequently
reversed,  suspended,  or  vacated,  of  any federal or state authority barring,
suspending  or otherwise limiting for more than 60 days the right of such person
to  engage  in any activity described above under this Item, or to be associated
with  persons  engaged  in  any  such  activity;

(5)  was  found by a court of competent jurisdiction in a civil action or by the
Securities  and  Exchange  Commission  to  have  violated  any  federal or state
securities  law,  and  the  judgment  in  such  civil  action  or finding by the
Securities  and  Exchange  Commission  has  not  been  subsequently  reversed,
suspended,  or  vacated.

(6)  was  found by a court of competent jurisdiction in a civil action or by the
Commodity  Futures  Trading  Commission to have violated any federal commodities
law,  and the judgement in such civil action or finding by the Commodity Futures
Trading  Commission  has  not  been subsequently reversed, suspended or vacated.

     COMPLIANCE  WITH  SECTION  16(A)  OF  THE  EXCHANGE  ACT

Since  the Company ceased operations, the Company knows of no person, who at any
time  during  the  subsequent  fiscal years, was a director, officer, beneficial
owner  of  more  than  ten  percent  of  any  class  of equity securities of the
registrant  registered  pursuant to Section 12 ("Reporting Person"), that failed
to  file  on  a  timely  basis  any reports required to be furnished pursuant to
Section 16 (a). Based upon a review of Forms 3 and 4 furnished to the registrant
under  Rule  16a-3(d)  during  its most recent fiscal year, other than disclosed
below,  the  registrant  knows  of  no  Reporting Person that failed to file the
required  reports  during  the  most  recent  fiscal  year  or  prior  years.

The  following  table  sets forth as of March 31, 1998, the name and position of
each Reporting Person that failed to file on a timely basis any reports required
pursuant  to  Section  16(a)  during the most recent fiscal year or prior years.

Name                Position                     Report  to  be  Filed
- ----              --------                     ---------------------

Z.  S.  Merritt     President  and  Director     Form 3 and Form 5


     ITEM  10.  EXECUTIVE  COMPENSATION


CASH  COMPENSATION

There  was no cash compensation paid to any director or executive officer of the
Company  during  the  fiscal  years  ended  March  31,  1998,  1997,  and  1996.

<PAGE>
BONUSES  AND  DEFERRED  COMPENSATION
None.

COMPENSATION  PURSUANT  TO  PLANS
None.

PENSION  TABLE
None.

OTHER  COMPENSATION
None

COMPENSATION  OF  DIRECTORS
None.

TERMINATION  OF  EMPLOYMENT  AND  CHANGE  OF  CONTROL  ARRANGEMENT

There  are  no  compensatory  plans  or  arrangements,  including payments to be
received from the Company, with respect to any person named in Cash Compensation
set  out  above  which  would  in  any way result in payments to any such person
because  of  his  resignation, retirement, or other termination of such person's
employment with the Company or its subsidiaries, or any change in control of the
Company,  or  a  change in the person's responsibilities following a changing in
control  of  the  Company.


ITEM  11.  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND  MANAGEMENT

The  following  table  sets forth as of March 31, 1998, the name and address and
the  number  of  shares  of  the  Company's  Common  Stock  held  of  record  or
beneficially  by  each person who held of record, or was known by the Company to
own  beneficially,  more  than  5%  of the issued and outstanding shares  of the
Company's  Common  Stock, and the name and shareholdings of each director and of
all  officers  and  directors  as  a  group.


                               NATURE  OF     NUMBER  OF
NAME  OF  PERSON  OR  GROUP     OWNERSHIP     SHARES  OWNED     PERCENT
- ---------------------------     ---------     -------------     -------

Officers  and  Directors  and
  Principal  Shareholders:

Z.  S.  Merritt                   -                  -               -

All  Officers  and  Directors
  as  a  Group                    -                  -               -

<PAGE>


     ITEM  12.  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS



TRANSACTIONS  WITH  MANAGEMENT  AND  OTHERS

There  were  no  material transactions, or series of similar transactions, since
the  beginning  of  the  Company's  last  fiscal year, or any currently proposed
transactions,  or series of similar transactions, to which the Company was or is
to  be  party,  in  which  the amount involved exceeds $60,000, and in which any
director  or  executive  officer,  or  any  security  holder who is known by the
Company  to  own  of  record  or  beneficially  more than 5% of any class of the
Company's  common  stock,  or  any  member of the immediate family of any of the
foregoing  persons,  has  an  interest.

INDEBTEDNESS  OF  MANAGEMENT

There  were  no material transactions, or series of similar transactions, since
the  beginning  of  the  Company's  last  fiscal year, or any currently proposed
transactions,  or series of similar transactions, to which the Company was or is
to  be  a  party,  in which the amount involved exceeds $60,000 and in which any
director  or  executive  officer,  or  any  security  holder who is known to the
Company  to  own  of  record  or  beneficially  more than 5% of any class of the
Company's  common  stock,  or  any  member of the immediate family of any of the
foregoing  persons,  has  an  interest.

TRANSACTIONS  WITH  PROMOTERS

The  Company  was  organized  more  than  five  years ago therefore transactions
between  the  Company  and  its  promoters  or founders are not considered to be
material.

<PAGE>

     ITEM  13.  EXHIBITS  AND  REPORTS  ON  FORM  8-K


(a)  (1)  FINANCIAL  STATEMENTS. The following financial statements are included
in  this  report:

Title  of  Document                                                Page
- -------------------                                              ----

Report of Michael Johnson                                          F-1

Balance Sheets as of                                               F-2

Statements  of  Operations  for  years  ended March 31, 1998,
    and 1997 and  the  period  from  April  1,  1993
     to  March  31,  1998                                          F-3

Statements  of Changes in Stockholders' Equity for the
    period from April 1, 1993  to  March  31,  1998                F-4

Statements  of  Cash  Flows  for the years ended 7
    March 31, 1998 and 199 and  the  period  from
    April  1,  1993  to  March  31,  1998                          F-5

Notes  to  Financial  Statements                                   F-6, F-7

(a)(2)  FINANCIAL  STATEMENT  SCHEDULES.  The  following  financial  statement
schedules  are  included  as  part  of  this  report:

None.

(a)(3)  EXHIBITS.  The following exhibits are included as part of this report by
reference:

None.

<PAGE>


     SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
this  report  has  been  signed  below  by  following  persons  on behalf of the
Registrant  and  in  the  capacities  and  on  the  dates  indicated:

                             VIABLE RESOURCES, INC.

                                 /s/ Z. S. Merritt
Date: November 29, 2001           ---------------------------------
                                   Z. S. Merritt,  President  and  Director


<PAGE>

                           MICHAEL JOHNSON & CO., LLC
                          Certified Public Accountants
                        9175 East Kenyon Ave., Suite 100
                             Denver, Colorado 80237

Michael B. Johnson C.P.A.                             Telephone:  (303) 796-0099
Member:  A.I.C.P.A.                                         Fax:  (303) 796-0137
Colorado Society of C.P.A.s



                          INDEPENDENT AUDITOR'S REPORT


To the Board of Directors
Viable Resources, Inc.
Salt Lake City, Utah

We have audited the accompanying balance sheets of Viable Resources, Inc. as of
June 30, 2001, and March 31, 2001, 2000, 1999 and 1998, and the related
statements of operations, cash flows, and changes in stockholders' equity for
the three month period ended June 30, 2001 and for the years ended March 31,
2001, 2000, 1999, and 1998. These financial statements are the responsibility of
the Company's management. Our responsibility is to express an opinion on these
financial statements based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audits to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Viable Resources, Inc. at June
30, 2001 and March 31, 2001, 2000, 1999 and 1998, and the results of its
operations and its cash flows for the three-month period ended June 30, 2001 and
for the years ended March 31, 2001, 2000, 1999 and 1998, in conformity with
generally accepted accounting principles.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As described in Note 4 to the
financial statements, conditions exist which raise substantial doubt about the
Company's ability to continue as a going concern unless it is able to generate
sufficient cash flows to meet its obligations and sustain its operations. The
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.




Michael Johnson & Co., LLC
Denver, Colorado
August 16, 2001


                                        F-1

<PAGE>
<TABLE>
<CAPTION>

                             VIABLE RESOURCES, INC.
                                 BALANCE SHEETS
             June 30, 2001 and March 31, 2001, 2000, 1999 and 1998


<S>                                              <C>              <C>              <C>              <C>              <C>

                                                   June 30,        March 31,        March 31,        March 31,         March 31,
                                                     2001             2001             2000             1999              1998
                                                 --------------   -------------    -------------    -------------    ---------------
ASSETS:

Current Assets:
  Cash                                                     $ -             $ -          $ 6,913             $ 78              $ 462
                                                 --------------   -------------    -------------    -------------    ---------------
                                                 --------------   -------------    -------------    -------------    ---------------
    Total Current Assets                                     -               -            6,913               78                462
                                                 --------------   -------------    -------------    -------------    ---------------

TOTAL ASSETS                                               $ -             $ -          $ 6,913             $ 78              $ 462
                                                 ==============   =============    =============    =============    ===============


LIABILITIES AND STOCKHOLDERS' DEFICIT:

Current Liabilities:
  Accounts Payable                                         $ -             $ -              $ -              $ -                $ -
                                                 --------------   -------------    -------------    -------------    ---------------
    Total Current Liabilities                                -               -                -                -                  -
                                                 --------------   -------------    -------------    -------------    ---------------

Stockholders' Deficit:
  Common stock, $.01 par value, 25,000,000
    shares authorized, 23,040,300 shares issued and
    outstanding at June 30, 2001 and March 31, 2001    230,403         230,403          130,403          130,403            130,403
  Additional paid-in capital                         6,384,384       6,384,384        6,474,384        6,464,384          6,464,384
  Accumulated deficit                               (6,614,787)     (6,614,787)      (6,597,874)      (6,594,709)        (6,594,325)
                                                 --------------   -------------    -------------    -------------    ---------------
    Total Stockholders' Deficit                              -               -            6,913               78                462
                                                 --------------   -------------    -------------    -------------    ---------------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                $ -             $ -          $ 6,913             $ 78              $ 462
                                                 ==============   =============    =============    =============    ===============
</TABLE>
                             SEE ACCOMPANYING NOTES
                                      F-2

<PAGE>
<TABLE>
<CAPTION>
                             VIABLE RESOURCES, INC.
                            STATEMENTS OF OPERATIONS
                 From the Three Month Period Ended June 30, 2001
          and For the Years Ended March 31, 2001, 2000, 1999, and 1998


<S>                                          <C>               <C>               <C>               <C>               <C>



                                                    June 30,         March 31,         March 31,         March 31,         March 31,
                                                       2001              2001              2000              1999              1998
                                             ---------------   ---------------   ---------------   ---------------   ---------------


INCOME                                                  $ -               $ -               $ -               $ -               $ -


OPERATING EXPENSES:
General and administrative                                -            16,913             3,165               384                 -
Exploration costs and lease abandonments                  -                 -                 -                 -                 -
                                             ---------------   ---------------   ---------------   ---------------   ---------------
                                                          -            16,913             3,165               384                 -
                                             ---------------   ---------------   ---------------   ---------------   ---------------

Net Income from Operations                                -           (16,913)           (3,165)             (384)                -
                                             ---------------   ---------------   ---------------   ---------------   ---------------

Other Income and Expenses                                 -                 -                 -                 -                 -
Gain(Loss) on sale of investments                         -                 -                 -                 -          (595,850)
Interest income                                           -                 -                 -                 -                 -
Interest expense                                          -                 -                 -                 -                 -
                                             ---------------   ---------------   ---------------   ---------------   ---------------
                                                          -                 -                 -                 -          (595,850)
                                             ---------------   ---------------   ---------------   ---------------   ---------------

Net Income (Loss)                                       $ -         $ (16,913)         $ (3,165)           $ (384)        $(595,850)
                                             ===============   ===============   ===============   ===============   ===============

Weighted average number of
  shares outstanding                             23,040,300        18,040,300        13,040,300        13,040,300        13,040,300

Earnings (loss) per common share                        $ -          $ (0.006)              $ -               $ -           $ (0.05)
                                             ===============   ===============   ===============   ===============   ===============
</TABLE>
                             SEE ACCOMPANYING NOTES
                                      F-3

<PAGE>
<TABLE>
<CAPTION>

                             VIABLE RESOURCES, INC.
                 STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
<S>                                        <C>               <C>            <C>               <C>                 <C>

                                                                          Additional
                                         Common Stock                      Paid-In          Accumulated
                                           Shares          Amount          Capital            Deficit               Totals
                                           ------          ------          -------            -------               ------

Balance -  March 31, 1997                  13,040,300        $130,403       $6,464,384        $(5,998,475)        $ 596,312

Net loss for year                                   -               -                -           (595,850)         (595,850)
                                           ----------        --------       ----------        ------------        ---------
Balance -   March 31, 1998                 13,040,300         130,403        6,464,384         (6,594,325)              462
                                           ----------        --------       ----------        ------------        ---------
Net loss for year                                   -               -                -               (384)             (384)
                                           ----------        --------       ----------        ------------        ---------
Balance - March 31, 1999                   13,040,300         130,403        6,464,384         (6,594,709)               78
                                           ----------        --------       ----------        ------------        ---------
Contributions to capital                            -               -           10,000                  -            10,000
Net loss for year                                   -               -                -             (3,165)           (3,165)
                                           ----------        --------       ----------        ------------        ---------
Balance - March 31, 2000                   13,040,300         130,403        6,474,384         (6,597,874)            6,913
                                           ----------        --------       ----------        ------------        ---------
Stock issued for services                  10,000,000         100,000          (90,000)                 -            10,000
Net loss for year                                   -               -                -            (16,913)          (16,913)
                                           ----------        --------       ----------        ------------        ---------
Balance - March 31, 2001                   23,040,300         230,403        6,384,384         (6,614,787)                -
                                           ----------        --------       ----------        ------------        ---------

Net loss for period                                 -               -                -                  -                 -
                                           ----------        --------       ----------        ------------        ---------
Balance - June 30, 2001                    23,040,300        $230,403       $6,384,384        $(6,614,787)              $ -
                                           ----------        --------       ----------        ------------        ---------
</TABLE>
                             SEE ACCOMPANYING NOTES
                                      F-4
<PAGE>
<TABLE>
<CAPTION>
                             VIABLE RESOURCES, INC.
                            STATEMENTS OF CASH FLOWS
                 For the Three Month Period Ended June 30, 2001
          and For the Years Ended March 31, 2001, 2000, 1999, and 1998
                                Indirect Method



<S>                                                 <C>              <C>             <C>             <C>             <C>



                                                      June 30,        March 31,       March 31,       March 31,       March 31,
                                                        2001             2001            2000            1999            1998
                                                    -------------    -------------   -------------   -------------   -------------

Cash Flows From Operating Activities:
  Adjustments to reconcile net loss to net cash
    used in operating activities:
  Net (Loss)                                                 $ -        $ (16,913)       $ (3,165)         $ (384)     $ (595,850)
    Stock issued for services                                  -           10,000               -               -               -
    Loss of assets                                             -                -               -               -         598,900
   Changes in assets and liabilities:
    Increase in  Accounts Payables                             -                -               -               -          12,500
    Increase in Accounts Receivable                            -                -               -               -         (15,666)
                                                    -------------    -------------   -------------   -------------   -------------
                                                    -------------    -------------   -------------   -------------   -------------
                                                               -                -               -               -          (3,166)
                                                    -------------    -------------   -------------   -------------   -------------
Net Cash Used in Operating Activities                          -           (6,913)         (3,165)           (384)           (116)
                                                    -------------    -------------   -------------   -------------   -------------

Cash Flow From Financing Activities:
  Contribution to Capital                                      -                -          10,000               -               -
  Issuance of Common Stock                                     -                -               -               -               -
                                                    -------------    -------------   -------------   -------------   -------------
  Net Cash Provided By Financing Activities                    -                -          10,000               -               -
                                                    -------------    -------------   -------------   -------------   -------------

Increase (Decrease) in Cash                                    -           (6,913)          6,835            (384)           (116)

Cash and Cash Equivalents - Beginning of period                -            6,913              78             462             578
                                                    -------------    -------------   -------------   -------------   -------------

Cash and Cash Equivalents - End of period                    $ -              $ -         $ 6,913            $ 78           $ 462
                                                    =============    =============   =============   =============   =============



Supplemental Cash Flow Information:
  Interest paid                                              $ -              $ -             $ -             $ -             $ -
                                                    =============    =============   =============   =============   =============
                                                    =============    =============                   =============   =============
  Taxes paid                                                 $ -              $ -             $ -             $ -             $ -
                                                    =============    =============   =============   =============   =============
</TABLE>

                             SEE ACCOMPANYING NOTES
                                      F-5


<PAGE>
                       Viable Resources, Inc.
                          Notes To Financial Statements
             June 30, 2001 and March 31, 2001, 2000, 1999, and 1998

Note 1 - Summary of Significant Accounting Policies:

         Organization

         Viable Resources, Inc., (the "Company") was incorporated under the laws
         of the state of Nevada on August 24, 1978. Since inception, the Company
         and its wholly owned subsidiary has been engaged in the business of
         exploration, development and production of mineral properties. During
         1992 the Company ceased operations and has since remained inactive.

         On February 29, 1984, the Company filed a voluntary petition under
         Chapter XI of the United States Bankruptcy Code, in the United States
         Bankruptcy Court, District of Wyoming. Previous Annual Reports on Form
         10-SBK have detailed the background of the filing and progress in the
         reorganization proceedings. On February 18, 1987, the Bankruptcy Court
         confirmed the Company's "Plan of Reorganization" ("Plan") which had
         been submitted to and approved by creditors. On July 13, 1988, the
         Bankruptcy Court issued the final decree closing the case of Viable
         Resources, Inc., No. 84-00138-B, pursuant to Rule 3022 of the
         bankruptcy rules.

         The ability of Company to meet its obligations under the Plan depended
         on the operational success under the agreement. The Company's share of
         the revenues under the agreement was not sufficient to meet the
         payments to creditors under the Plan and during 1990 became delinquent
         on the payments to creditors.

         At the date of this report all remaining debt of the Company after
         completion of the bankruptcy has been extinguished by the statute of
         limitations.

         Basis of Accounting

         The accompanying financial statements have been prepared on the accrual
         basis of accounting in accordance with generally accepted accounting
         principles.

         Estimates

         The preparation of financial statements in conformity with generally
         accepted accounting principles requires management to make estimates
         and assumptions that affect certain reported amounts and disclosures.
         Accordingly, actual results could differ from those estimates.

         Cash and Cash Equivalents

         For purposes of the statement of cash flows, the Company considered all
         cash and other highly liquid investments with initial maturities of
         three months or less to be cash equivalents.

         Fair Value of Financial Instruments

         The carrying amount of cash, accounts receivable, accounts payable and
         accrued expenses are considered to be representative of their
         respective fair values because of the short-term nature of these
         financial instruments. The carrying amount of the notes payable are
         reasonable estimates of fair value as the loans bear interest based on
         market rates currently available for debt with similar terms.

                                      F-6
<PAGE>


                             Viable Resources, Inc.
                          Notes To Financial Statements
              June 30, 2001 and March 31, 2001, 2000, 1999 and 1998

         Net Loss per share

         Basic net loss per share is computed by dividing net loss by the
         weighted average number of shares of common stock outstanding for the
         period, less shares subject to repurchase.

         Other Comprehensive Income

         The Company has no material components of other comprehensive income
         (loss) and, accordingly, net loss is equal to comprehensive loss in all
         periods.

Note 2 - Income Taxes:

         The Financial Accounting Standards Board (FASB) has issued Statement of
         Financial Accounting Standards Number 109 ("SFAS 109"), "Accounting for
         Income Taxes", which requires a change from the deferred method to the
         asset and liability method of accounting for income taxes. Under the
         asset and liability method, deferred income taxes are recognized for
         the tax consequences of "temporary differences" by applying enacted
         statutory tax rates applicable to future years to differences between
         the financial statement carrying amounts and the tax basis of existing
         assets and liabilities.

         The Company has deferred income tax assets that have been fully
         reserved as follows:

             Deferred tax assets
             Net operating loss carryforwards                     $6,614,787
             Valuation allowance for deferred tax assets          (6,614,787)
                                                                  ----------
             Net deferred tax assets                               $ -
                                                                   =========

         At December 31, 2000, the Company had net operating loss carryforwards
         of approximately $6,614,787 for federal income tax purposes. These
         carryforwards, if not utilized to offset taxable income begin to expire
         in 2002. Utilization of the net operating loss may be subject to
         substantial annual limitation due to the ownership change limitations
         provided by the Internal Revenue Code and similar state provisions. The
         annual limitation could result in the expiration of the net operating
         loss before utilization.

Note 3 - Going Concern:

         The accompanying financial statements have been prepared in conformity
         with generally accepted accounting principles, which contemplates
         continuation of the Company as a going concern. The Company has no
         assets and a retained deficit of $6,614,787 as of June 30, 2001.

         The future success of the Company is likely dependent on its ability to
         attain additional capital to develop its proposed products and
         ultimately, upon its ability to attain future profitable operations.
         There can be no assurance that the Company will be successful in
         obtaining such financing, or that it will attain positive cash flow
         from operations.



                                      F-7