-SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

                                   FORM 10KSB

[X]  ANNUAL  REPORT  PURSUANT  TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT  OF  1934
     For  the  fiscal  year  ended  March  31,  2002

[ ]  TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR 15(d) OF THE SECURITIES
     EXCHANGE  ACT  OF  1934
     For  the  transition  period  from  _________  to  ____________

                          Commission File No.  0-31679

                             TRAVELSHORTS.COM, INC.
                             ----------------------
             (Exact name of Registrant as specified in its charter)

             WASHINGTON                                          54-0231483
  ----------                                                     ----------
 (State or other jurisdiction of                            (I.R.S. Employer
 incorporation or organization)                          Identification Number)

3235  WEST  4TH  AVE.  SUITE  101
      VANCOUVER,  BC  CANADA                                         V6K  1R8
     -----------------------                                         --------
(Address  of  principal  executive  offices)                (Zip  Code)

Registrant's  telephone  number,  including  area  code:  (604)  736-4989

Securities  registered  pursuant  to  Section  12(b)  of  the  Act:  NONE

Securities  registered  pursuant to Section 12 (g) of the Act: 50,000,000 SHARES
OF  COMMON  STOCK

Check  whether  the  issuer  (l)  has  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.
[ X ] Yes [  ]  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  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.  [   ]

Revenues  for  the  period  ended  March  31,  2002  were  $2731.00.

The  aggregate  market value of the voting stock held by non-affiliates computed
by  reference to the last reported sale price of such stock as of March 31, 2002
is  $1,289,775.

The  number  of  shares of the issuer's Common Stock outstanding as of March 31,
2002  is  16,098,499.

Transitional  Small  Business  Disclosure  Format  (check  one):
Yes  [   ]  No  [  X  ]


                                        2
<PAGE>


                                TABLE OF CONTENTS


                                                                            PAGE

PART  I

Item  1.   Description  of  Business                                         3
Item  2.   Description  of  Property                                         6
Item  3.   Legal  Proceedings     6
Item  4.   Submission  of  Matters  to  a  Vote  of  Security  Holders       6

PART  II

Item  5.   Market  for  Common  Equity  and  Related  Stockholder Matters    6
Item  6.   Management's  Discussion  and  Analysis  Or  Plan of Operation    7
Item  7.   Financial  Statements                                             8
Item  8.   Changes  in  and  Disagreements  with  Accountants  on
           Accounting and Financial  Disclosure                              9

PART  III

Item  9.   Directors  and  Executive  Officers,  Promoters  and Control
           Persons; Compliance  with  Section  16(a)  of  the  Exchange
           Act                                                               9
Item  10.  Executive  Compensation                                           9
Item  11.  Security  Ownership  of  Certain  Beneficial  Owners And
           Management                                                       10
Item  12.  Certain  Relationships  and  Related  Transactions               12
Item  13.  Exhibits  and  Reports  on  Form  8-K                            12

SIGNATURES                                                                  14

                                        3
<PAGE>
                               PART  I

This  report  contains  forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act
of  1934.  Actual  results  could  differ materially from those projected in the
forward-looking  statements  if  assumptions  upon  which  the  forward-looking
statements are based do not turn out to be true.  The assumptions upon which the
forward-looking  statements  are  based  include  without  limitation:

-    We  will  obtain  funding  sufficient  to  execute  its  business  plan.
-    We  will  be  successful  competing  in  a  competitive  market.
-    Our  key  personnel  will  remain  with  the  Company.
-    We  will  be able to hire skilled personnel for key positions as needed and
     within  our  budgetary  constraints.


ITEM  1.    DESCRIPTION  OF  BUSINESS

HISTORY

The  Company  was  organized  on  June  7,  1989, under the laws of the State of
Washington.  The  initial  name  of  the Company was P.L.D.F.E.T., Inc. After an
administrative  dissolution on September 20, 1999, the Company was reinstated on
January  26,  2000.  Effective March 17, 2000, the Company changed its name from
P.L.D.F.E.T.,  Inc.  to  Travelshorts.com,  Inc.  to more accurately reflect its
current  business  operations  at  that  time.

THE  PRODUCT

We  were  in  the  process of developing an Internet business that would provide
information and 360 degree panoramic photography ("Virtual Reality" or "VR") for
individual  hotel  clients,  chains  and  major Internet travel booking portals.
We  have, for the time being, ceased to advanced our business plan because we do
not have sufficient financing.  Also, we attempted to set up an oil and gas deal
within Travelshorts.com but we were unable to make the initial US$50,000 payment
which  White Energy Corp. of Montana required to move ahead with any part of the
deal.  As  a  result,  the  deal  was  terminated.

There  is  no  assurance  that  any  viable  business  activity  will  come  to
Travelshorts.com  at  this  time.

SUBSIDIARIES

Travelshorts  does  not  have  any  subsidiaries.

OPERATIONS

Travelshorts is in the developmental stage.  The prototype web site in which the
company  invested  has  been taken off the internet at this time.  This occurred
not only due to lack of internal financing, but also due to dramatic budget cuts
by  hotel  organizations.


                                        4
<PAGE>
RISK  FACTORS

We face substantial risks in executing our business plan and achieving revenues.
The  following  risks  are material risks that we face.  If any of the following
risks  occur,  our  business  and  our operating results and financial condition
could  be  seriously  harmed:

Limited  Assets

We  have  limited  assets  and  will require significant capital to complete our
research  and development programs and initial operations period. We do not know
the  exact specific financial requirements of the projects, products or ventures
in which we may eventually participate, and therefore do not know what our exact
capital  needs  will  be.  In  addition,  we  may  incur  substantial  costs  in
connection  with  any  research  and/or negotiations for business opportunities,
which  may  deplete  our  assets.

Our  Short  Operating  History  Makes  Our  Business  Difficult  to
Evaluate

We have a very limited operating history upon which to base an evaluation of our
business  and  prospects.  Consequently,  our  business  and  prospects  must be
considered  in  light  of  the  risks,  expenses  and  difficulties  frequently
encountered  by  companies  in  their  early  stage  of development.   In such a
situation,  our  results  of  operation  would  be  negatively  effected and our
business  could  fail.

We  Have  No  Revenues

We  have no revenues and no products or services that we can sell at the present
time.  Future  revenues  will  depend on our ability to develop a viable product
and  or  service  and  thereafter to market that product or service. There is no
assurance that we will meet our objectives or earn any revenues.  We are engaged
in  business  for  profit,  but  cannot  predict  future  profitability.

Operating  Results  Are  Difficult  to  Predict

Our  future  financial results are uncertain due to a number of factors, many of
which  are  outside  our  control.  These  factors  include:

-     The  fact  that  we  have  ceased  development  of  our  internet service;

-     The  general  economic  conditions  and  economic  conditions
      specific  to  the  Internet  commerce  industry.

Additional  Financing

We will require additional financing in order to continue our business plan.  We
have no agreements for additional financing and we can provide no assurance that
additional  funding  will  be  available  to  us on acceptable terms in order to
enable  us  to  complete  our  plan  of  operations.

We  Carry  No  Insurance  Policies.

We  currently  carry  no  policies of insurance to cover any type of risk to our
business.

                                        5
<PAGE>

Liquidity

We plan to run at a loss for at least 18 months. This means that we will rely on
our  continued  fund  raising  efforts  for  an  indefinite  period  of  time.

INTELLECTUAL  PROPERTY  AND  OTHER  PROPRIETARY  RIGHTS

Travelshorts  has  no  intellectual  property  rights other than those described
herein.  Travelshorts  claims  intellectual  rights  in the Internet domain name
www.travelshorts.com and the 26 VR hotel picture sets already shot.  These 26 VR
picture  sets  represent  about  208  photographs.

PRINCIPAL  PRODUCTS  AND  SERVICES

We  were  in  the  process of developing an Internet business that would provide
information and 360 degree panoramic photography ("Virtual Reality" or "VR") for
individual  hotel  clients,  chains  and  major Internet travel booking portals.
We have, for the time being, ceased to advanced our business plan due to lack of
sufficient  financing.

MARKETING

We  do  not  have  a  current  marketing  plan  at  this  time.

RESEARCH  AND  DEVELOPMENT

The  Company  has  not  conducted  any  research  and  development.

COMPETITION

We  have,  for the time being, ceased to advance our business plan because we do
not  have  sufficient  financing.   Accordingly, this section is not applicable.

TECHNOLOGY

We  have,  for the time being, ceased to advance our business plan because we do
not  have  sufficient  financing.   Accordingly, this section is not applicable.

EMPLOYEES

Travelshorts  currently  has  one  full-time  employee  (our President), and one
part-time  employee.  Should  the Travelshorts.com project be reactivated at any
time,  we  cannot  make  any  assurance  that  our  previously  employed skilled
employees  will  be available for hiring at such time nor whether said employees
would  be  willing  to  work  at  compensation  levels  within  our  budgetary
constraints.

GOVERNMENT  REGULATIONS

We  have,  for the time being, ceased to advance our business plan because we do
not  have  sufficient  financing.   Accordingly, this section is not applicable.

                                        6
<PAGE>

DEPENDENCE  ON  CERTAIN  CUSTOMERS

We  have, for the time being, ceased to advanced our business plan because we do
not  have  sufficient  financing.   Accordingly, this section is not applicable.

ITEM  2.    DESCRIPTION  OF  PROPERTY

We  maintain  our  principal  office  at  3235  W 4th Ave, Suite 101, Vancouver,
British  Columbia,  Canada  V6K  1R8.

ITEM  3.    LEGAL  PROCEEDINGS

We  are  not  a party to any material legal proceedings and to our knowledge, no
such  proceedings  are  threatened  or  contemplated.

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

No  matters  were submitted to our security holders for a vote during the fiscal
year  ended  March  31,  2001. We expect to hold our annual meeting in September
2002.


                             PART  II

ITEM  5.    MARKET  FOR  REGISTRANT'S  COMMON  EQUITY  AND  RELATED STOCKHOLDERS
MATTERS

PUBLIC  MARKET

There  is a limited public market for our Common Stock which currently trades on
the  OTC  Bulletin  Board under the symbol "TLSH" where it has been traded since
September  18,  2001.  The  Common  Stock has traded between $0.13 and $1.49 per
share  since  that  date  (closing  prices).

The  following  table sets forth the high and low prices for our Common Stock as
reported  on  the  Bulletin  Board  for the quarters presented. These quotations
reflect  inter-dealer  prices, without retail mark-up, mark-down or commissions,
and  may  not  reflect  actual  transactions.

<TABLE>
<CAPTION>


                                   Bid  Price          Asked  Price

                                  High  $   Low $   High $   Low $
<S>                               <C>       <C>     <C>      <C>
Quarter Ended September 30, 2001  $   0.00  $ 0.00  $  0.00  $ 0.00
Quarter Ended December 31, 2001.  $   1.37  $ 0.10  $  1.66  $ 0.30
Quarter Ended March 31, 2002 . .  $   1.12  $ 0.12  $  1.14  $ 0.15
<FN>

(Information  provided  by  The Over The Counter Bulletin Board.  The quotations
reflect inter-dealer prices, without retail mark-up, markdown, or commission and
may  not  represent  actual  transactions.)
</TABLE>

As  of  May  30, 2002, there were 16,098,499 shares of Common Stock outstanding,
held  by  82  shareholders  of  record.

                                        7
<PAGE>

HOLDERS  OF  COMMON  STOCK

As of March 31, 2002 there were 43 registered shareholders.  As of May 30, 2002,
there  were  43  registered shareholders of the Company's common stock.    As of
May  30,  2002,  no warrants or stock options have been issued and no additional
stock  has  been  issued  since  May 17, 2000.  At the present time there are no
shareholders  who  have  rights preferential to those of any other of the common
shareholders.  None  of the holders of Travelshorts' common stock have any right
to require us to register the Company's common shares pursuant to the Securities
Act  of  1933.

DIVIDENDS

Holders of Travelshorts' common stock are entitled to receive dividends pro rata
based  on  the  number  of shares held, when, as and if declared by its board of
directors,  from funds legally available therefore. Travelshorts presently plans
to  reinvest  any future earnings in the business and, therefore, the Company is
unlikely  to  declare  any cash dividends in the foreseeable future. We have not
declared  or  paid  any  dividends  on  its common stock and does not anticipate
declaring  any  dividends  in  the  foreseeable  future.

RECENT  SALES  OF  UNREGISTERED  SECURITIES

The following is a list of equity securities sold by the Company within the past
three  years  that  were  not  registered  under  the  Securities  Act.

We  completed an offering of 49,000 shares of Common Stock to 12 purchasers at a
price  of  $0.50  per share in July 1999 pursuant to Rule 504 of Regulation D of
the  Act.  The  offering  was  completed  to  persons  known to the officers and
directors  of  the  Company.

We  completed  an offering of 56,000 shares of Common Stock to 5 purchasers at a
price  of  $0.50 per share in April 2000 pursuant to Rule 504 of Regulation D of
the  Act.  The  offering  was  completed  to  persons  known to the officers and
directors  of  the  Company.

We  sold  13,333  shares of Common Stock to 2 purchasers at a price of $0.60 per
share in April and May 2000 pursuant to Rule 504 of Regulation D of the Act. The
offering  was  completed  to  persons known to the officers and directors of the
Company.

We  sold  3,500  shares  of  Common Stock to 1 purchaser at a price of $0.75 per
share  on  May  20,  2000  pursuant  to Rule 504 of Regulation D of the Act. The
offering  was  completed  to  persons known to the officers and directors of the
Company.


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

PLAN  OF  OPERATION

We had cash on hand in the amount of $398 as of March 31, 2002.  We will require
additional financing to enable us to complete any reorganization that may occur.
We  will  also require additional financing in order to meet our obligations for
the  next  twelve-month  period,  including  payment of the legal and accounting
expense  of  complying  with  its  obligations  as  a reporting issuer under the
Securities  Exchange Act of 1934.  The Company's president, Robert Sawatsky, has
been  financing the Company from his own personal funds in the form of unsecured

                                        8
<PAGE>

demand loans to meet its cash needs until our Company is self-sustaining or more
additional  capital  is  raised.  However,  Mr.  Sawatsky  has  not  made a firm
commitment  to continue financing the Company and may discontinue being a source
of funds at any time.  We intend to raise money through sales of common stock to
private investors and through smaller, institutional avenues.  Stock options may
also  be  offered  in  the  future.

We  have  limited  assets  and  will require significant capital to complete our
research and development programs and initial operations period.  We do not know
the  exact specific financial requirements of the projects, products or ventures
in  which  we  may eventually participate, and therefore we do not know what our
exact  capital  needs  will  be.  In addition, we may incur substantial costs in
connection  with  any  research and development and/or negotiations for business
opportunities,  which  may  deplete  our  assets.

We  expect  to  incur  a  net  loss  at  the end of Fiscal Year 2002.  We cannot
presently  estimate  when  we  may  become  profitable,  if  ever.

RESULTS  OF  OPERATIONS

2002  compared  with  2001

We  incurred  a  loss  of  $50,750  for  the  fiscal year ending March 31, 2002,
compared  to a loss of $82,446 for the fiscal year ending March 31, 2001.  As we
decreased  our  activity,  low costs were the result.  Operating expenses during
the  fiscal  year  included  professional  (legal  and  accounting)  fees.

The  decrease  in operating expenses incurred during the fiscal year ended March
31,  2002  compared with the operating expenses incurred during the prior fiscal
year  reflect  the  decrease  in  activity  as it relates to product development
expenses.  We  will  continue  to incur higher professional expenses in order to
comply  with  our ongoing obligations under the Securities Exchange Act of 1934.
Professional  fees  decreased  from  $32,903 for the fiscal year ended March 31,
2001  to  $12,656  for  the  fiscal year ended March 31, 2002.  Office, rent and
telephone  expenses decreased dramatically from $7,715 for the fiscal year ended
March  31,  2002  to  $2,894  for  the  period  just ended.  Product development
expenses, which were $37,272 in 2001 dropped to $6,691 for the fiscal year ended
March  31,  2002.

We  earned  $2,731in  revenues during the April 1, 2001 to March 31, 2002 fiscal
year.

LIQUIDITY  AND  CAPITAL  RESOURCES

We had cash of $398 as of March 31, 2002, compared to a similar cash position of
$599  at  March  31,  2001.  We expect to run at a loss for at least the next 12
months.  We  have slowed our cash burn dramatically by laying off all members of
the team.  We have no agreements for additional financing and cannot provide any
assurance  that  additional  funding will be available to finance the Company on
acceptable  terms  in order to enable us to complete its plan of operations even
if  the  stock  market  improves.

ITEM  7.    FINANCIAL  STATEMENTS

The  information  required  by this item is set forth in Item 13 of this Report.

                                        9
<PAGE>

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

We have had no changes in or disagreements with its accountants on accounting or
financial  disclosures.

                             PART  III

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

The  following  information  sets forth the names of our officers and directors,
their  present  positions,  and  some  brief information about their background.

<TABLE>
<CAPTION>

<S>              <C>  <C>
Name. . . . . .  Age  Position

Robert Sawatsky   35  Sole Director, President, Secretary and Treasurer
</TABLE>

ROBERT SAWATSKY is our sole director and our President.  He also holds all other
management  positions  and  has held these positions since February of 1997.  He
has  been  the primary source of our business development.  Mr. Sawatsky holds a
degree in Economics from the University of Saskatchewan in May 1990 and has been
a  business  owner  and  venture capitalist for the past six years.  In the last
nine  years  Mr. Sawatsky has provided eight companies with startup or secondary
financing.  Prior  to  that  he  spent  three years as an investment advisor and
investment  banker  with  Yorkton  Securities  in  Vancouver,  BC.

TERMS  OF  OFFICE

Travelshorts'  directors  are  appointed for one-year terms to hold office until
the  next  annual  general  meeting  of  its  shareholders or until removed from
office  in accordance with its by-laws.  Travelshorts' officers are appointed by
its board of directors and hold office until removed by the board. To this point
the  President and Director of the Company has no stipulated term to his office.
Robert  Sawatsky  was  appointed  our  President  and  CEO  in  1997.

SECTION  16(A)  BENEFICIAL  OWNERSHIP  REPORTING  COMPLIANCE

Based solely upon a review of Forms 3, 4 and 5 furnished to the Company, none of
the  officers,  directors  or  beneficial owners of more than ten percent of the
Common  Stock  failed  to file on a timely basis reports required to be filed by
Section  16(a)  of  the  Exchange  Act  during  the  most  recent  fiscal  year.

ITEM  10.    EXECUTIVE  COMPENSATION

No  officer  or  director  of  the Company received or accrued any plan, cash or
non-cash  compensation  from  the Company during the fiscal year ended March 31,
2002.   While  Robert  Sawatsky  was  to  make US$36,000 per annum, we could not
afford to disburse such amount during the fiscal year 2002, as we were unable to
sustain  business  operations  while making such payments.  We did, however, pay
employees and contract workers for their work in full.   Mr. Sawatsky has waived
his  right  to  recover any of his salary income unpaid by the Company up to the
fiscal  year  ended  March  31,  2002.

                                       10
<PAGE>

                     ANNUAL  COMPENSATION  TABLE

<TABLE>
<CAPTION>


                                                                                  Long-Term  Compensation
                                                             --------------------------------------------------
                          Summary  Compensation  Table                       Awards                    Payouts
                             Annual  Compensation                            ----------------------------------
---------------------
    Name  and    ------------------------------------------------  Restricted   Securities (1)
    Principal                                     Other  Annual    Stock       Underlying     LTIP (2)    All Other
    Position    Year     Salary (3)     Bonus     Compensation     Award(s)     Options/SARs  Payouts  Compensation
    ---------  ------   --------     ----------  -------------    ---------    -------------  -------  ------------
                           $              $             $             #               #           $            $
                         ------------------------------------------------------------------------------------------
<S>   <C>       <C>    <C>              <C>        <C>               <C>              <C>        <C>          <C>

Robert Sawatsky 2002   $    0           Nil        Nil               Nil              Nil        Nil          Nil
President       2001   $1,500           Nil        Nil               Nil              Nil        Nil          Nil
and CEO         2000   $8,975           Nil        Nil               Nil              Nil        Nil          Nil

</TABLE>

(1)  "SARS"  or  "stock  appreciation  right"  means  a  right granted by US, as
     compensation  for  services  rendered,  to  receive a payment of cash or an
     issue  or  transfer of securities based wholly or in part on changes in the
     trading  price  of  our  publicly  traded  securities.

(2)  "LTIP"  or  "long  term  incentive  plan"  means  any  plan  which provides
     compensation intended to serve as incentive for performance to occur over a
     period longer than one financial year, but does not include option or stock
     appreciation  right  plans  or  plans  for  compensation through restricted
     shares  or  restricted  share  units.

(3)  No  executive  officer had an annual salary and bonus in excess of $100,000
     during  the  past  fiscal  year.


EMPLOYEE  BENEFIT  AND  CONSULTING  SERVICES  COMPENSATION  PLAN.

Travelshorts has reserved for issuance up to 500,000 shares of its Common Stock,
to  be  issued to officers, directors, employees and consultants pursuant to its
stock  option plan (the "Plan").  Its board of directors may increase the number
of  shares covered by the Plan at any time.  As of the date of this registration
statement,  no options have been granted and no shares have been issued pursuant
to  the  Plan.  Additional  securities  or  options to acquire securities may be
issued or granted pursuant to the Plan at any time by its board of directors, in
most  cases  without  requiring  shareholder  approval.

ITEM  11.   SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND MANAGEMENT

The  table below provides the beneficial ownership of Travelshorts' common stock
by  each  person  known  by  the Company to beneficially own more than 5% of its
common  stock outstanding as of May 6, 2002 and by the officers and directors of
Travelshorts  as  a  group.  Except as otherwise indicated, all shares are owned
directly.


<TABLE>
<CAPTION>

Name                                              Common Shares Owned (1)  Percent of Class (2)
                                                  -----------------------  --------------------
<S>                                                <C>                        <C>

Carl Whiteside . . . . . . . . . . . . . . . . .     987,000                   6.1%
3878 W 10th Ave
Vancouver, B.C
V6R 2G7  Canada

Galen Evans. . . . . . . . . . . . . . . . . . .   1,200,000                   7.4%
4375 Locarno Cres
Vancouver, B.C.  V6R 1G2

                                       11
<PAGE>

Tim Stanford . . . . . . . . . . . . . . . . . .   1,050,000                   6.4%
3957 W 22nd Ave.
Vancouver, B.C.  V6S 1J9

Georgina Wallace . . . . . . . . . . . . . . . .   1,020,000                   6.3%
1888 York Ave., Ste 606
Vancouver, B.C.  V6J 5H8

Boris Machula. . . . . . . . . . . . . . . . . .   1,410,000                   8.7%
2534 MacDonald St
Vancouver, B.C    V6K 3Z2

Shetland Holding . . . . . . . . . . . . . . . .   1,200,000                   7.4%
(Woodward Terry)
3rd floor, P.O. Box 822
Caribbean Home Building
Mary Street, Georgetown
Grand Cayman, BWI

Robert Sawatsky. . . . . . . . . . . . . . . . .   7,500,000                 46.45%
1450 Chestnut St.
Suite 1219
Vancouver, B.C.  V6J 3K3

All officers and directors as a group (1 person)   7,500,000 shares          46.45%

</TABLE>

Except  as  noted below, all shares are held beneficially and of record and each
record  shareholder  has  sole  voting  and  investment  power.

(1)  "Beneficial  ownership" means having or sharing, directly or indirectly (i)
     voting  power, which includes the power to vote or to direct the voting, or
     (ii) investment power, which includes the power to dispose or to direct the
     disposition,  of shares of the common stock of an issuer. The definition of
     beneficial  ownership  includes  shares  underlying  options or warrants to
     purchase  common  stock, or other securities convertible into common stock,
     that  currently  are  exercisable  or  convertible  or  that  will  become
     exercisable  or convertible within 60 days. Unless otherwise indicated, the
     beneficial  owner  has  sole  voting  and  investment  power.

(2)  Percentage is calculated based upon 16,098,499 outstanding common shares at
     May  6,  2002.

Other than management listed below, Travelshorts knows of no other person who is
the  beneficial  owner  of more than five percent of Travelshorts' common stock.

<TABLE>
<CAPTION>




Title of Class   Name and Address of               Amount and Nature of    Percentage of Class (1)
                 Beneficial Owner                  Beneficial Ownership
                ----------------------         --------------------------  -----------------------
<S>              <C>                               <C>                               <C>

Common . . . .  Robert Sawatsky                    7,500,000 shares                  46.45%
                1450 Chestnut St.
                Suite 1219
                Vancouver, B.C.  V6J 3K3

Common . . . .  All officers and directors
                as a group (1 person)              7,500,000 shares                  46.45%

<FN>

(1)  Percentage is calculated based upon 16,098,499 outstanding common shares at
     May  6,  2002
</TABLE>

                                       12
<PAGE>


ITEM  12.     CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS.

Except  as  disclosed  below,  none  of  the following persons has any direct or
indirect  material interest in any transaction to which we are a party since our
incorporation  or  in  any  transaction  to which we are proposed to be a party:

(a)  any  director  or  officer;
(b)  any  proposed  nominee  for  election  as  a  director;
(c)  any  person  who beneficially owns, directly or indirectly, shares carrying
     more  than 10% of the voting rights attached to the Company's common stock;
     or
(d)  any  relative or spouse of any of the foregoing persons, or any relative of
     such  spouse, who has the same house as such person or who is a director or
     officer  of  any  parent  or  subsidiary

Robert  Sawatsky, its sole officer and director, has made a series of unsecured,
non-interest  bearing  demand  loans  to  us  that  were  necessary  to keep our
operations  going.  At  March  31,  2002,  these  loans  totaled  $53,020.

We  currently  do  not  have  any policies about entering into transactions with
affiliated  parties. Other than this transaction, no director, executive officer
or  nominee for election as a director of Travelshorts.com, and no owner of five
percent  or  more  of Travelshorts.com outstanding shares or any member of their
immediate  family  has  entered  into  or proposed any transactions in which the
amount  involved  exceeds  US$10,000.

                            PART  IV

ITEM  13.  EXHIBITS,  FINANCIAL  STATEMENTS  SCHEDULES  AND  REPORTS ON FORM 8-K

(a)  Financial  Statements

Travelshorts'  financial  statements,  as  described below, are attached hereto.

1.   Audited  financial  statements  for  the  periods ending March 31, 2002 and
     March  31,  2001  including:

     (a)  Balance  Sheets;

     (b)  Statements  of  Operations;

     (c)  Statements  of  Cash  Flows;

     (d)  Statement  of  Stockholders'  Equity;

     (e)  Notes  to  the  Financial  Statements.

(b)  Reports  on  Form  8-K

We filed no reports on Form 8-K during the last quarter of the fiscal year ended
March  31,  2002,  the  period  covered  by  this  report.

(c)  Exhibits

                                       13
<PAGE>

ITEM  13(A).  EXHIBITS.

Number          Description
------          -----------
3.1             Articles  of  Incorporation                       (1)
3.3             By-Laws                                           (1)
4.1             Specimen  Share  Certificate                      (1)
23.1            Consent  of  Independent  Auditors

(1)  Incorporated  by  reference  from  Form  10-SB Registration Statement filed
     October  3,  2000.


                                       14
<PAGE>
SIGNATURES

In  accordance  with  Section  13  or  15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                                   TRAVELSHORTS.COM,  INC.

                                                   By:  /s/  Robert  Sawatsky
                                                   --------------------------
                                                   Robert  Sawatsky,  President

Dated:  May  30,  2002


In  accordance  with  the  Securities  Exchange Act, this report has been signed
below  by the following person on behalf of the registrant and in the capacities
and  on  the  dates  indicated.

By:  /s/  Robert  Sawatsky
     ---------------------
      Robert  Sawatsky,  Sole  Director,
      Principal  Executive  Officer,
      Principal  Financial  Officer,  and
      Principal  Accounting  Officer

      Date:  May  30,  2002
                                       15
<PAGE>
                                 EXHIBIT  INDEX

Number          Description                              Page
------          -----------                              ----

3.1             Articles  of  Incorporation               (1)
3.3             By-Laws                                   (1)
4.1             Specimen  Share  Certificate              (1)
23.1            Consent  of  Independent  Auditors         45

(1)  Incorporated  by  reference  from  Form  10-SB Registration Statement filed
     October  3,  2000.


Independent  Auditors'  Report                                            F-1

Balance  Sheets                                                           F-2

Statements  of  Operations                                                F-3

Statements  of  Cash  Flows                                               F-4

Statement  of  Stockholders'  Equity                                      F-5

Notes  to  the  Financial  Statements                                     F-6





<PAGE>


Travelshorts.com,  Inc.
(A  Development  Stage  Company)

                                                                        Index

Independent  Auditors'  Report                                           F-1

Balance  Sheets                                                          F-2

Statements  of  Operations                                               F-3

Statements  of  Cash  Flows                                              F-4

Statement  of  Stockholders'  Equity                                     F-5

Notes  to  the  Financial  Statements                                    F-6

                                       F1
<PAGE>
                                       F-1



                               [GRAPHIC  OMITED]

                     Manning Elliott, Chartered Accountants
                      11th Floor, 1050 West Pender Street,
                          Vancouver, BC Canada V6E 3S7
                              Phone: (604)714-3600
                              Fax: (604) 714-3669
                            Web: manningelliott.com





Independent  Auditors'  Report


To  the  Stockholders  and  Board  of  Directors  of
Travelshorts.com,  Inc.
(A  Development  Stage  Company)


We  have  audited  the  accompanying balance sheets of Travelshorts.com, Inc. (A
Development  Stage  Company)  as  of  March  31,  2002  and 2001 and the related
statements  of  operations,  stockholders' deficit and cash flows for the period
from  July  6,  1989  (Date of Inception) to March 31, 2002, and the years ended
March  31,  2002  and 2001. 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 U.S. generally accepted auditing
standards.  Those standards require that we plan and perform the audit 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  audit  provides  a  reasonable  basis  for  our opinion.

In  our  opinion, the aforementioned financial statements present fairly, in all
material  respects,  the  financial  position  of  Travelshorts.com,  Inc.  (A
Development  Stage  Company),  as of March 31, 2002 and 2001, and the results of
its  operations  and  its  cash  flows for the period from July 6, 1989 (Date of
Inception)  to  March  31,  2002, and the years ended March 31, 2002 and 2001 in
conformity  with  U.S.  generally  accepted  accounting  principles.

The  accompanying  financial  statements have been prepared assuming the Company
will  continue  as  a  going  concern.  As  discussed in Note 1 to the financial
statements, the Company has not generated any significant revenues, has suffered
recurring  operating  losses  and had a working capital deficit of $73,197 as at
March  31,  2002.  These  factors  raise  substantial  doubt about the Company's
ability  to  continue  as a going concern. Management's plans in regard to these
matters  are  also  discussed in Note 1. The financial statements do not include
any  adjustments  that  might  result  from  the  outcome  of  this uncertainty.


"Manning  Elliott"


CHARTERED  ACCOUNTANTS
Vancouver,  Canada
May  3,  2002

                                       F2
<PAGE>
Travelshorts.com,  Inc.
(A  Development  Stage  Company)
Balance  Sheets
(expressed  in  U.S.  dollars)

<TABLE>
<CAPTION>



                                                              As at        As at
                                                            March 31,    March 31,
                                                              2002         2001
                                                                $            $
<S>                                                        <C>          <C>
ASSETS
Current Assets
   Cash. . .  . . . . . . . . . . . . . . . . . . . . . .         398          599
Property, Plant and Equipment (Note 3). . . . . . . . . .       6,130        8,171
                                                           -----------  -----------

Total Assets. . . . . . . . . . . . . . . . . . . . . . .       6,528        8,770
                                                           ===========  ===========

LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities
   Accounts payable. . .. . . . . . . . . . . . . . . . .           -        1,142
   Accrued liabilities .. . . . . . . . . . . . . . . . .       1,500        5,600
   Due to related party (Note 4) . .. . . . . . . . . . .      51,845       25,570
   Loans payable (Note 5). . . . . .. . . . . . . . . . .      20,250       20,250
                                                           -----------  -----------
Total Liabilities . . . . . . . . . . . . . . . . . . . .      73,595       52,562
                                                           -----------  -----------

Stockholders' Deficit

Common Stock, 50,000,000 common shares authorized with a.      16,099       16,146
  par value of $0.001; 16,098,500 and 16,145,500 common
  shares issued and outstanding respectively
Additional Paid-in Capital. . . . . . . . . . . . . . . .     111,026      110,979
Donated Capital (Notes 4 and 5) . . . . . . . . . . . . .      27,475            -
Deficit Accumulated During the Development Stage. . . . .    (221,667)    (170,917)
                                                           -----------  -----------
Total Stockholders' Deficit . . . . . . . . . . . . . . .     (67,067)     (43,792)
                                                           -----------  -----------
Total Liabilities and Stockholders' Deficit . . . . . . .       6,528        8,770
                                                           ===========  ===========
</TABLE>


Contingent  Liability  (Note  1)


    (The accompanying notes are an integral part of the financial statements)


                                       F3
<PAGE>
Travelshorts.com,  Inc.
(A  Development  Stage  Company)
Statements  of  Operations
(expressed  in  U.S.  dollars)


<TABLE>
<CAPTION>

                                                         Accumulated from      Year Ended
                                                           July 6, 1989        March 31,
                                                       (Date of Inceptionj)
                                                           to March 31,
                                                               2002               2002          2001
                                                                 $                 $             $
<S>                                                    <C>                    <C>           <C>
Revenue . . . . . . . . . . . . . . . . . . . . . . .                 2,731         2,731             -
                                                       ---------------------  ------------  ------------

Expenses
   General and Administrative
   Accounting and legal. . . . . . . . . . . . .. . .                51,474        12,656        32,903
   Bank charges and interest . . . . . . . . . .. . .                   626           173           295
   Consulting. . . . . . . . . . . . . . . . . .. . .                53,401         1,470           335
   Imputed interest (Notes 4 and 5). . . . . . .. . .                 8,395         8,395             -
   Office, rent and telephone. . . . . . . . . .. . .                37,499         2,894         7,715
   Transfer agent. . . . . . . . . . . . . . . .. . .                 3,623         1,900         1,723
   Travel and promotion. . . . . . . . . . . . .. . .                 4,134           222             -
   Value of services donated by a related party (Note 4)             17,280        17,280             -
   Value of rent donated by a related party (Note 4) . .              1,800         1,800             -
                                                       ---------------------  ------------  ------------
                                                                    178,232        46,790       131,442
                                                       ---------------------  ------------  ------------

Selling and Marketing
Advertising . . . . . . . . . . . . . . . . . . . . .                 2,203             -         2,203
                                                       ---------------------  ------------  ------------
Product Development
Consulting. . . . . . . . . . . . . . . . . . . . . .                27,469             -        27,469
Depreciation. . . . . . . . . . . . . . . . . . . . .                 4,082         2,041         2,041
Photography . . . . . . . . . . . . . . . . . . . . .                12,412         4,650         7,762
                                                       ---------------------  ------------  ------------
                                                                     43,963         6,691        37,272
                                                       ---------------------  ------------  ------------
Net Loss. . . . . . . . . . . . . . . . . . . . . . .              (221,667)      (50,750)      (82,446)
                                                       =====================  ============  ============
Net Loss Per Share                                                                  (0.01)        (0.01)
                                                                              ============  ============
Weighted Average Shares Outstanding                                            16,126,000    16,136,000
                                                                              ============  ============
</TABLE>



(Diluted  loss  per share has not been presented as the result is anti-dilutive)


    (The accompanying notes are an integral part of the financial statements)


                                       F4
<PAGE>

Travelshorts.com,  Inc.
(A  Development  Stage  Company)
Statements  of  Cash  Flows
(expressed  in  U.S.  dollars)


<TABLE>
<CAPTION>



                                                      Accumulated
                                                          from
                                                      July 6, 1989
                                                  (Date of Inception)         Year ended
                                                      to March 31,              March 31
                                                          2002              2002        2001
                                                           $                 $            $
<S>                                               <C>                   <C>           <C>
Cash Flows to Operating Activities
   Net loss. . . . . . . . . . . . . . . . . . .             (221,667)      (50,750)   (82,446)
   Adjustments to reconcile net loss to cash
     Imputed interest. . . . . . . . . . . . . .                8,395         8,395          -
     Depreciation. . . . . . . . . . . . . . . .                4,082         2,041      2,041
     Value of services and amenities donated by.               19,080        19,080          -
     a related party
   Change in non-cash working capital items
     Increase (decrease) in accounts payable and
     Accruals                                                   1,500        (5,242)     3,742
                                                  --------------------  ------------  ---------

Net Cash Used in Operating Activities. . . . . .             (186,610)      (26,476)   (76,663)
                                                  --------------------  ------------  ---------

Cash Flows from Financing Activities
   Loan proceeds . . . . . . . . . . . . . . . .               20,250             -     20,250
   Common shares issued. . . . . . . . . . . . .               16,099             -     16,625
   Additional paid in capital. . . . . . . . . .              111,026             -          -
   Increase in advances from a related party . .               51,845        26,275     25,500
                                                  --------------------  ------------  ---------

Net Cash Provided by Financing Activities. . . .              199,220        26,275     62,375
                                                  --------------------  ------------  ---------

Cash Flows to Investing Activities
   Acquisition of property, plant and equipment.              (10,212)            -    (10,212)
                                                  --------------------  ------------  ---------

Net Cash Used in Investing Activities. . . . . .              (10,212)            -    (10,212)
                                                  --------------------  ------------  ---------

Decrease In Cash . . . . . . . . . . . . . . . .                  398          (201)   (24,500)

Cash - Beginning of Year . . . . . . . . . . . .                    -           599     25,099
                                                  --------------------  ------------  ---------

Cash - End of Year . . . . . . . . . . . . . . .                  398           398        599
                                                  ====================  ============  =========

Non-Cash Financing Activities. . . . . . . . . .                    -             -          -
                                                  ====================  ============  =========
Supplemental Disclosures
   Interest paid . . . . . . . . . . . . . . . .                    -             -          -
   Income tax paid . . . . . . . . . . . . . . .                    -             -          -
</TABLE>



    (The accompanying notes are an integral part of the financial statements)


                                       F5
<PAGE>
Travelshorts.com,  Inc.
(A  Development  Stage  Company)
Statement  of  Stockholders'  Equity
From  July  6,  1989  (Date  of  Inception)  to  March  31,  2002
(expressed  in  U.S.  dollars)


<TABLE>
<CAPTION>



                                                                                                         Deficit
                                                                                                     Accumulated
                                                                                                      During the
                                                       Common Stock           Paid-In                Development
                                                   Shares         Amount      Capital       Total        Stage
                                                      #             $            $            $            $
<S>                                             <C>            <C>           <C>        <C>            <C>
Balance - July 6, 1989 (Date of Inception) . .             -             -          -              -           -
   Stock issued for services at a fair market.     2,500,000         2,500          -          2,500           -
   value of $0.001 per share
   Net loss for the years ended March 31,. . .             -             -          -              -      (2,500)
                                                -------------  ------------  ---------  -------------  ----------
   1990 to 1997
   Balance - March 31, 1997. . . . . . . . . .     2,500,000         2,500          -          2,500      (2,500)
   Stock issued for cash . . . . . . . . . . .     2,790,000         2,790     57,210         60,000           -
Net loss for the year. . . . . . . . . . . . .             -             -          -              -     (52,100)
                                                -------------  ------------  ---------  -------------  ----------
Balance - March 31, 1998 . . . . . . . . . . .     5,290,000         5,290     57,210         62,500     (54,600)
   Stock issued for cash . . . . . . . . . . .        86,000            86     11,414         11,500           -
Net loss for the year. . . . . . . . . . . . .             -             -          -              -     (21,400)
                                                -------------  ------------  ---------  -------------  ----------
Balance - March 31, 1999 . . . . . . . . . . .     5,376,000         5,376     68,624         74,000     (76,000)
   Stock issued for cash . . . . . . . . . . .        73,000            73     36,427         36,500           -
Net loss for the year. . . . . . . . . . . . .             -             -          -              -     (12,471)
                                                -------------  ------------  ---------  -------------  ----------
Balance - March 31, 2000 . . . . . . . . . . .     5,449,000         5,449    105,051        110,500     (88,471)
   Stock issued for cash . . . . . . . . . . .        32,833            33     18,592         18,625           -
   Stock cancelled and returned to treasury. .      (100,000)         (100)    (1,900)        (2,000)          -
   Stock split on a 3 new for 1 old basis. . .    10,763,667        10,764    (10,764)             -           -
Net loss for the year. . . . . . . . . . . . .             -             -          -              -     (82,446)
                                                -------------  ------------  ---------  -------------  ----------
Balance - March 31, 2001 . . . . . . . . . . .    16,145,500        16,146    110,979        127,125    (170,917)
   Stock cancelled and returned to treasury. .      (102,000)         (102)       102              -           -
   Stock reissued. . . . . . . . . . . . . . .        55,000            55        (55)             -           -
Net loss for the year. . . . . . . . . . . . .             -             -          -              -     (50,750)
                                                -------------  ------------  ---------  -------------  ----------
Balance - March 31, 2002 . . . . . . . . . . .    16,198,500        16,099    111,026        127,125    (221,667)
                                                =============  ============  =========  =============  ==========
</TABLE>



    (The accompanying notes are an integral part of the financial statements)


                                       F6
<PAGE>
Travelshorts.com,  Inc.
(A  Development  Stage  Company)
Notes  to  the  Financial  Statements
(expressed  in  U.S.  dollars)

1.   Development  Stage  Company

     Travelshorts.com, Inc. herein (the "Company") was incorporated in the State
     of  Washington,  U.S.A.  on  July  6,  1989.  On March 17, 2000 the Company
     changed  its  name  from  P.L.D.F.E.T.,  Inc.  to Travelshorts.com, Inc. On
     January  26,  2000  the  Company  was  reinstated  due to an administrative
     dissolution  on  September  20,  1999.  The  Company  is  in the process of
     developing  an  internet  business  that  will  provide information and 360
     degree  panoramic  photography ("Virtual Reality") for the individual hotel
     clients,  chains  and major internet travel booking portals. The Company is
     in  the  development  stage.  In  a  development  stage company, management
     devotes  most  of  its  activities in developing a market for its products.
     Planned principal activities have not yet begun. The ability of the Company
     to  emerge from the development stage with respect to any planned principal
     business  activity  is  dependent  upon  its  successful  efforts  to raise
     additional  equity  financing and/or attain profitable operations. There is
     no guarantee that the Company will be able to raise any equity financing or
     sell  any of its products at a profit. There is substantial doubt regarding
     the  Company's  ability  to  continue  as  a  going  concern.

     During  the  year the Company began trading on the OTC Bulletin Board under
     the  trading  symbol  "TLSH".  This  listing will allow the Company to more
     easily  attract  capital  to  fund  its  ongoing  operations.

2.   Summary  of  Significant  Accounting  Policies

     (a)  Year  end

          The  Company's  fiscal  year  end  is  March  31.
     (b)  Cash  and  Cash  Equivalents

          The Company considers all highly liquid instruments with a maturity of
          three  months  or less at the time of issuance to be cash equivalents.

     (c)  Use  of  Estimates  and  Assumptions

          The  preparation  of financial statements in conformity with generally
          accepted  accounting  principles requires management to make estimates
          and  assumptions  that  affect  the  reported  amounts  of  assets and
          liabilities and disclosure of contingent assets and liabilities at the
          date  of the financial statements and the reported amounts of revenues
          and  expenses  during  the  periods.  Actual results could differ from
          those  estimates.

     (d)  Property,  Plant  and  Equipment

          Property, plant and equipment are recorded at cost. Computer equipment
          and  video  equipment is depreciated on a straight-line basis using an
          estimated  useful  life  of  five  years.

     (e)  Product  Development  Costs

          Product  development costs consist of expenses incurred by the Company
          in  the  development and creation of its Web Site. Product development
          costs  include  compensation  and  related  expenses  for programmers,
          depreciation  of  computer  hardware  and  other  costs  incurred  in
          developing  features  and  functionality  of  the  service.  Product
          development  costs  are  expensed  as  incurred.

     (f)  Income  Taxes

          Income taxes are provided for using the liability method of accounting
          in  accordance  with  Statements of Financial Accounting Standards No.
          109  "Accounting  for Income Taxes". A deferred tax asset or liability
          is  recorded  for  all temporary differences between financial and tax
          reporting.  Deferred tax expense (benefit) results from the net change
          during  the  year  of  deferred  tax  assets  and  liabilities.



    (The accompanying notes are an integral part of the financial statements)

                                       F7
<PAGE>
2.     Summary  of  Significant  Accounting  Policies  (continued)

     (f)  Income  Taxes  (continued)

          The  Company's  total deferred tax asset as of March 31, 2002 and 2001
          is  as  follows:

<TABLE>
<CAPTION>

                          2002       2001
                            $          $
<S>                     <C>        <C>
Net Operating Losses .    50,750     82,446
Statutory Tax Rate . .        34%        34%
Effective Tax Rate . .         -          -
Deferred Tax Asset . .    50,750     82,446
Valuation Allowance. .   (50,750)   (82,446)
                        ---------  ---------

Net Deferred Tax Asset         -          -
                        =========  =========
</TABLE>

<TABLE>
<CAPTION>

The  federal  net  operating  loss  carryovers will expire as follows:

                       $
<S>                   <C>
2013                  52,100
2014                  21,400
2015                  12,471
2016                  82,446
2017                  50,750
                    --------

                     219,167
                    ========
</TABLE>


     (g)  Basic  and  Diluted  Net  Income  (Loss)  per  Share

          The  Company  computes  net income (loss) per share in accordance with
          SFAS  No.  128,  "Earnings  per  Share"  (SFAS 128). SFAS 128 requires
          presentation of both basic and diluted earnings per share (EPS) on the
          face  of  the  income statement. Basic EPS is computed by dividing net
          income  (loss)  available  to  common  shareholders (numerator) by the
          weighted  average  number  of  common shares outstanding (denominator)
          during  the period. Diluted EPS gives effect to all dilutive potential
          common  shares  outstanding during the period including stock options,
          using  the  treasury  stock  method,  and convertible preferred stock,
          using  the  if-converted method. In computing Diluted EPS, the average
          stock price for the period is used in determining the number of shares
          assumed  to  be  purchased  from  the  exercise  of  stock  options or
          warrants.  Diluted EPS excludes all dilutive potential shares if their
          effect  is  anti  dilutive.

3.   Property,  Plant  and  Equipment

     Property,  plant  and  equipment  are  stated  at  cost  less  accumulated
     depreciation  and  amortization.

<TABLE>
<CAPTION>



                     Cost     Accumulated   March 31,   March 31,
                             Depreciation      2002        2001
                                  And        Net Book    Net Book
                             Amortization     Value       Value
                       $           $            $           $
<S>                 <C>      <C>            <C>         <C>
Computer equipment    7,380          2,950       4,430       5,905
Video equipment. .    2,832          1,132       1,700       2,206
                     10,212          4,082       6,130       8,171
</TABLE>



    (The accompanying notes are an integral part of the financial statements)

                                       F8
<PAGE>

4.   Due  to  Related  Party

     The  amount  owing to the President of the Company represents cash advances
     to  the  Company  and is unsecured, non-interest bearing and due on demand.
     Imputed interest of $5,328 was charged to operations and treated as donated
     capital.  Consulting services of $17,280 and rent of $1,800, contributed by
     the  President  of  the  Company, were charged to operations and treated as
     donated  capital.


5.   Loans  Payable

     The  loans  are  unsecured, non-interest bearing and due on demand. Imputed
     interest  of  $3,067  was  charged  to  operations  and  treated as donated
     capital.



    (The accompanying notes are an integral part of the financial statements)