SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C.  20549

                                 FORM 10-KSB

             [X]  ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE
                       SECURITIES EXCHANGE ACT OF 1934

        [  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                       SECURITIES EXCHANGE ACT OF 1934

                For the fiscal year ended: December 31, 2001

                      Commission file number 000-31713

                             THE FURNISHING CLUB
           (Exact name of registrant as specified in its charter)

Nevada                                                            88-0455472
(State or other jurisdiction of                             (I.R.S. Employer
incorporation or organization)                           Identification No.)

800 N. Rainbow Blvd., Suite 208
Las Vegas, NV                                                     89107-1103
(Address of principal executive offices)                          (zip code)

                Issuer's Telephone Number:    (702) 948-5017

       Securities registered under Section 12(b) of the Exchange Act:
                                    None

       Securities registered under Section 12(g) of the Exchange Act:
                        Common Stock, $.001 par value
                              (Title if Class)

     Indicate by check mark whether the registrant (a) has filed all  reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934  during  the  preceding 12 months (or for such shorter period  that  the
registrant  was required to file such reports), and (2) has been  subject  to
such filing requirements for the past 90 days.  Yes     X      No

     Indicate  by  check mark if disclosure of delinquent filers pursuant  to
Item  405  of  Regulation  S-K  is not contained  herein,  and  will  not  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-K or any amendment to this Form 10-K.  [     ]

     The  number of shares of Common Stock, $0.001 par value, outstanding  on
December   31,   2001,  was  8,400,000  shares,  held  by  approximately   43
stockholders.

<PAGE>

PART I

ITEM 1.   DESCRIPTION OF BUSINESS

     We  are a development stage company incorporated in Nevada on March  22,
2000.  We  initially intended to be an online retailer of furniture and  home
accessories. However, upon completion of our initial market analysis  of  the
furniture  market  and  the  difficulties with  shipping,  manufacturing  and
consumer  response,  we decided to focus our efforts primarily  on  the  home
accessories  market, while offering selected furniture  items  on  a  limited
basis.  The  decision  was premised upon our continued inability  to  attract
equity capital.

     We  have  made  initial progress in implementing our  business  plan  by
commencing   design   of   our   website,   registering   our   domain   name
(www.furnishingclub.com), evaluating our business model  and  completing  our
initial equity fund raising.

     In  evaluating  our  plan of operation for fiscal  2001  we  decided  to
redefine  our  business  focus  towards home  accessories  rather  than  home
furnishings. We based this decision on various factors including:

*    the bankruptcy of furniture.com (which was a potential major competitor
     in our intended line of business);
*    the failure of kozyhome.com (another potential competitor);
*    the cost of shipping related to furniture;
*    difficulties with inventory availability;
*    delivery schedules and shipping methods;
*    return and processing complications; and
*    public reception to our business plan.

     Through  out  2001  we intended to use our equity capital  to  fund  our
redesigned business plan as cash flow from sales was not estimated  to  begin
until  year two of our business plan. However, difficulty of hiring competent
personnel within our budget, longer than anticipated website programming, and
a  shortfall of funding due to our inability to raise capital in  the  equity
securities market forced us to remain dormant most of the year.

     Our  audited  financial statements have been prepared assuming  that  we
will  continue  as  a going concern which contemplates the recoverability  of
assets and the satisfaction of liabilities in the normal course of business.

     Investors  should be particularly aware of the inherent risks associated
with our planned Internet business. These risks include the development stage
status  of the Company and lack of a proven market for our website,  lack  of
equity  funding, and our size compared to the size of competitors. There  can
be  no  assurance  that  our efforts to perfect our  business  plan  will  be
successful.  We  have  no liquidation plans should we be  unable  to  receive
additional  funding. Should we be unable to implement our business  plan,  we
would investigate all options available to retain value for our stockholders.
Among the options that would be considered are:

*    acquisition of another product or technology, or
*    a merger or acquisition of another business entity.

<PAGE>

     We  indicated  in  our September 30, 2001 quarterly filing  that  if  no
funding is received during the next twelve months, we will be forced to  rely
on  existing  cash in the bank. In such a restricted cash flow  scenario,  we
would  be  unable  to complete our business plan steps, and  would,  instead,
delay  all cash intensive activities. Without necessary cash flow, we may  be
dormant  until  such time as necessary funds could be raised  in  the  equity
securities market or a merger or acquisition candidate can be located.  As  a
result of the market conditions which occurred as the result of the September
11, 2001 attacks on the U.S. and our inability to attract equity capital,  we
have  aggressively  pursued discussions with joint venture  partners,  equity
partners, and potential acquisition and merger candidates, although  we  have
not  conducted  any  formal negotiations. We cannot guarantee  that  we  will
acquire or merge with a third party, or that in the event we acquire or merge
with a third party, such acquisition or merger will increase the value of our
common stock.

     In  the interim we intend to continue seeking equity capital to make The
Furnishing  Club a destination for finding home accessories.  Upon  obtaining
sufficient  equity  or  cash from debt, we will complete  our  website.  Once
completed   we  intend  to  provide  consumers  a  destination   to   receive
personalized  decorating  advice, purchase our  products  and  services,  and
access a wide variety of information and resources.

Subsequent Event

      On  February 6, 2002, our sole officer and director, Hue Do,  appointed
John  Veltheer as a director and subsequently resigned, leaving Mr.  Veltheer
as  the  sole  director  of the Company. Following his  appointment  as  sole
director,  Mr. Veltheer elected himself as the sole officer of  the  Company.
Mrs.  Do  had been unable to secure adequate funding to further the Company's
business plan and felt that Mr. Veltheer's experience in fund raising, public
company  management  and  business modeling is  anticipated  to  provide  the
Company  with  new opportunities and directions that lead to the maximization
of stockholder value. More information on Mr. Veltheer can be found in Item 9
of this filing.

Industry Overview

     Forrester  Research estimates that online revenues from home furnishings
sales will grow from $518 million in 1999 to $6.4 billion in 2003, a compound
annual  growth  rate  of approximately 87%. Forrester estimates  that  online
revenues  from  the  household furniture component of home furnishings  sales
will  grow  from  $268 million in 1999 to $2.8 billion in  2003,  a  compound
annual growth rate of approximately 80%.

Markets And Marketing

     Assuming  the  availability of capital, the  Furnishing  Club  plans  to
implement a comprehensive campaign to market and promote The Furnishing Club.
Our marketing and promotion strategy will be designed to:

*    build The Furnishing Club brand recognition;
*    increase consumer traffic to our website;
*    convert browsers into buyers; and
*    build loyal customer relationships and maximize repeat purchases.

<PAGE>

Competition

     The  online  home furnishing and decorating category is relatively  new,
rapidly  evolving  and  competitive, with  several  well-funded  participants
seeking  category leadership. We expect to face competition  in  all  product
categories  we attempt to enter. Barriers to entry are low, and  current  and
new competitors can launch website at minimal cost.

The Furnishing Club's concept potentially competes with:

* traditional retailers of home furnishings in both their physical store
  and online operations, including furniture stores such as Ethan Allen, Heilig-
  Myers  and  Levitz Furniture, department stores such as  Dayton  Hudson,
  Federated Department Stores, J.C. Penney Company, May Department  Stores
  Company and Sears, Roebuck and Company and specialty retailers such as Bed
  Bath & Beyond, Linens 'n Things and Pier 1 Imports;
* other online retailers of home furnishings such as FurnitureFind.com,
  HomePoint.com and BeHome.com;
* catalog and multichannel retailers of home furnishings such as
  Fingerhut, Pottery Barn and Spiegel;
* manufacturers of home furnishings that sell directly to end-customers,
  either through physical retail or online channels; and
* Internet portals and online service providers that feature shopping
  services, such as AltaVista, AOL, Excite@Home, Lycos and Yahoo!.

We  believe that the following are the principal competitive factors  in  our
category:

*    selection;
*    retailer brand recognition;
*    quality of customer experience from shopping through delivery;
*    product information and content; and
*    price and value.

     Many  of our potential competitors, particularly the traditional  store-
based  retailers, have longer operating histories and greater  financial  and
other  resources  than The Furnishing Club, which they may devote  to  online
enterprise  development.  In  addition, larger,  well-established  and  well-
financed  entities may acquire, invest in or form joint ventures with  online
competitors.

     Our potential competitors may be able to secure products from vendors on
more favorable terms, fulfill customer orders more efficiently and adopt more
aggressive pricing or inventory availability policies than we do. Traditional
store-based  retailers  also  have the advantage  of  allowing  customers  to
physically  see and feel products in a manner that is not possible  over  the
Internet. Given our status as a development stage company the majority of our
potential  competitors  have significantly greater  experience  selling  home
furnishing  products than we do. For example, established  catalog  retailers
showrooms  have greater experience than we do in marketing and  selling  home
furnishings without in-person customer interaction.

<PAGE>

Personnel

     The  Furnishing  Club employed one person, Hue Do the sole  Officer  and
Director  of the Company, on a part time basis through February 6,  2002.  As
discussed  in  the  Subsequent Event section above, John  Veltheer  has  been
appointed  by  Mrs.  Do  to serve as the sole officer  and  director  of  The
Furnishing Club. We do not plan to add additional employees until our website
is complete and the procedures are in place to commence operations.

Risks

     While  Management  believes its estimates of projected  occurrences  and
events  are  within  the  timetable of its business plan,  there  can  be  no
guarantees or assurances that the results anticipated will occur.

     Despite  Management's  belief that the Company can  effectively  compete
because of its intended emphasis as an online retailer of furniture and  home
accessories, the Company's ability to succeed will depend upon  a  number  of
factors, including its ability to secure funding, assemble a large amount  of
text  and  visual data needed for resource viewing and research, develop  its
website quickly enough to encourage users to increase time spent at the site,
and convince advertisers to sponsor and maintain ongoing funding of the site.

     The  Company's viability is substantially dependent upon the  widespread
acceptance  and  use  of the Internet. The Internet has experienced,  and  is
expected to continue to experience, significant growth in the number of users
and  amount  of  traffic.  There  can  be  no  assurance  that  the  Internet
infrastructure will continue to be able to support the demands placed  on  it
by  this continued growth. In addition, delays in the development or adoption
of  new  standards  and  protocols to handle  increased  levels  of  Internet
activity  or increased governmental regulation could slow or stop the  growth
of  the  Internet as a viable medium for online retailers. Moreover, critical
issues  concerning  the commercial use of the Internet  (including  security,
reliability, accessibility and quality of service) remain unresolved and  may
adversely  affect  the growth of Internet. The failure  to  resolve  critical
issues  concerning  use  of  the  Internet,  the  failure  of  the  necessary
infrastructure to develop in a timely manner, or the failure of the  Internet
to  continue  to  develop rapidly as a viable medium would  have  a  material
adverse  effect  on  the Company's business, financial  condition,  operating
results and cash flows.

     The Company's performance and future operating results are substantially
dependent on the continued service and performance of its current Management.
The Company intends to hire a relatively small number of additional technical
and  marketing  personnel  when  funding is  secured.  Competition  for  such
personnel is intense, and there can be no assurance that the Company will  be
able to retain its essential employees or that it will be able to attract  or
retain highly-qualified technical and managerial personnel in the future. The
loss of the services of the Company's current Management or the inability  to
attract  and  retain the necessary technical, and marketing  personnel  could
have  a  material  adverse  effect  upon the  Company's  business,  financial
condition, operating results and cash flows.

     The current officer, Mr. John Veltheer, is the sole officer and director
of the company and has control in directing the activities of the Company. He
is  involved  in  other business activities and may, in  the  future,  become
involved  in  additional  business  opportunities.  If  a  specific  business
opportunity becomes available, Mr. Veltheer may face a conflict of  interest.

<PAGE>

The  Company  has  not formulated a plan to resolve any  conflicts  that  may
arise.  While the Company and its sole officer and director have not formally
adopted a plan to resolve any potential or actual conflicts of interest  that
exist  or  that may arise, he has verbally agreed to limit his roles  in  all
other  business activities to roles of passive investor and devote full  time
services  to  the  Company  once  the  Company's  business  plan  is  further
developed.

  While  Management  believes  its estimates  of  projected  occurrences  and
events  are  within  the  timetable of its business plan,  there  can  be  no
guarantees  or assurances that the results anticipated will occur.  Investors
in  the  Company should be particularly aware of development or the  inherent
risks  associated with the Company's planned Internet business.  These  risks
include  a lack of a proven market for the Company's website, lack of  equity
funding, and the size of the Company compared to the size of its competitors.
Management  has no liquidation plans should the Company be unable to  receive
funding.  Should  the  Company  be unable to  implement  its  business  plan,
Management  would investigate all options available to retain value  for  the
stockholders. Among the options that would be considered are:

*  acquisition of another product or technology, or
*  a merger or acquisition of another business entity that has revenue
   and/or long-term growth potential.

     However, there are no pending arrangements, understandings or agreements
with  outside  parties  for  acquisitions,  mergers  or  any  other  material
transactions.

     At  this  time,  the  Company is seeking sufficient  equity  capital  to
conceptually design its website and contact manufactures and wholesalers  for
product.  Until such capital is available, the Company will continue  in  its
status quo operations, or lack thereof.

ITEM 2.   DESCRIPTION OF PROPERTY

     The  Company's  principal executive office address for fiscal  2001  was
7386  Cobblefield Street, Las Vegas, Nevada 89123. The principal  office  and
telephone  number  were provided by the sole officer of the corporation,  Hue
Do.  The  costs associated with the use of the telephone and mailing  address
were  deemed  by  management to be immaterial as the  telephone  and  mailing
address  were  almost  exclusively used by the  officer  for  other  business
purposes.

     Subsequent  to  year-end, in conjunction with  the  appointment  of  Mr.
Veltheer,  the  Company leased new executive office space at 800  N.  Rainbow
Blvd.,  Suite 208, Las Vegas, Nevada 89107-1103. The lease is on a  month-to-
month  basis.  Management  considers the  Company's  principal  office  space
arrangement  adequate  until such time as the Company achieves  its  business
plan  goal  of raising capital and then begins hiring new employees  per  its
business plan.

ITEM 3.   LEGAL PROCEEDINGS

     There is no litigation pending or threatened by or against us.

<PAGE>

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

     The  annual meeting of the shareholders of The Furnishing Club was  held
on  November  15,  2001  and the following was unanimously  approved  by  the
stockholders at that meeting.

*    The election of Hue Do to the Board of Directors to serve until the next
     annual meeting and until her successors are elected and qualified; and,
*    The reaffirmation of G. Brad Beckstead, CPA as auditors for the next
     year.

PART II

ITEM 5.   MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

     The  Company  is trading on the OTC Electronic Bulletin Board  which  is
sponsored by the National Association of Securities Dealers (NASD).  The  OTC
Electronic Bulletin Board is a network of security dealers who buy  and  sell
stock.  The  dealers  are  connected by a  computer  network  which  provides
information on current "bids" and "asks" as well as volume information.

     As  of February 1, 2002, the Company had 43 stockholders of record.  The
Company  has paid no cash dividends. The Company has no outstanding  options.
The  Company  has  no  plans  to register any of  its  securities  under  the
Securities  Act for sale by security holders. There is no public offering  of
equity and there is no proposed public offering of equity.

     The  following table sets the Monthly low and high prices for our Common
Stock  as reported by the National Quotations Bureau.  The quotations reflect
inter-dealer prices, without retail mark-up, markdown or commission, and  may
not necessarily represent actual transactions.
<TABLE>
                                   Average Low  Average
                                                  High
<S>                               <C>           <C>
              April                   $0.22      $0.22
              May                     $0.50      $0.50
              June                    $0.50      $0.50
              July                    $0.50      $0.50
              August                  $0.50      $0.50
              September               $0.50      $0.50
              October                 $0.50      $0.50
              November                $0.33      $0.34
              December                $0.50      $0.50
</TABLE>
Note: The Company started trading in April 2001

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

     The  Company's cash balance at December 31, 2001 was $15,337. Management
believes  the current cash balance is sufficient to fund the current  minimum
level  of operations through December 31, 2002, however, in order to  advance
the Company's business plan the Company must raise additional capital through
the  sale  of  equity securities. To date, the Company has  sold  $80,000  in

<PAGE>

equity   securities   and  used  approximately  $29,154   for   general   and
administrative  expenses.  Sales  of the  Company's  equity  securities  have
allowed the Company to maintain a positive cash flow balance.

     Management  has made initial progress in implementing its business  plan
by commencing design of its website.  The Company will face considerable risk
in  each  of its business plan steps, such as difficulty of hiring  competent
personnel within its budget, longer than anticipated website programming, and
a shortfall of funding due to the Company's inability to raise capital in the
equity  securities market. If no funding is received during the  next  twelve
months, the Company will be forced to rely on its existing cash in the  bank.
In  such  a  restricted cash flow scenario, the Company would  be  unable  to
complete  its  business  plan  steps, and  would,  instead,  delay  all  cash
intensive activities. Without necessary cash flow, the Company may be dormant
during the next twelve months, or until such time as necessary funds could be
raised in the equity securities market.

     Going Concern. The Company's auditors have requested the Company provide
a note, Note 4, in the Company's financial statement as follows:

     "The  accompanying financial statements have been prepared assuming
     that   the   Company  will  continue  as  a  going  concern   which
     contemplates  the recoverability of assets and the satisfaction  of
     liabilities in the normal course of business. As noted  above,  the
     Company  is in the development stage and, accordingly, has not  yet
     generated  revenues  from  operations.  Since  its  inception,  the
     Company has been engaged substantially in financing activities  and
     developing  its  product  line,  incurring  substantial  costs  and
     expenses. As a result, the Company incurred accumulated  net losses
     from  March 22, 2000 (inception) through the period ended  December
     31,  2001  of  $64,945.  In  addition,  the  Company's  development
     activities  since  inception  have been  financially  sustained  by
     capital contributions."

ITEM 7.   FINANCIAL STATEMENTS

     See Index to Financial Statements and Financial Statement Schedules
appearing on page F-1 through F-7 of this Form 10-KSB.

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

     Due to the death of The Furnishing Club's auditor the Company's board of
directors  held  a  special  meeting and voted to  replace  its  auditor  and
subsequently ratified the appointment of G. Brad Beckstead, CPA, as  its  new
independent accountant at the Company's annual stockholder meeting.

<PAGE>

PART III

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

     On  February  6,  2002,  Hue  Do, our then sole  officer  and  director,
appointed  John  Veltheer  as  the new sole  director  of  the  Company,  who
subsequently  elected himself as the sole officer of the  Company.  Following
Mr. Veltheer's appointment Mrs. Do resigned.

     The  members  of the Board of Directors of the Company serve  until  the
next  annual  meeting  of stockholders, or until their successors  have  been
elected.   The  officers  serve at the pleasure of the  Board  of  Directors.
Information as to the directors and executive officers of the Company  is  as
follows:
<TABLE>
Name               Age   Title
<S>               <C>    <C>
John Veltheer      36    President, Director, Secretary, Treasurer
</TABLE>
Duties, Responsibilities and Experience

     John  Veltheer. Mr. Veltheer holds the position of President,  Secretary,
Treasurer, and Director of the Company. Mr. Veltheer possesses a high level of
strategic planning and development skills and is especially adept in corporate
structuring,  finance and fundraising. Over the past five years  Mr.  Veltheer
has  been  operating as a management consultant, in addition to serving  as  a
director and executive officer of several companies. Mr. Veltheer is currently
a  strategic consultant for NuCelle, Inc. a division of North American Medical
Services  Inc.  where Mr. Veltheer has restructured corporate  operations  and
assisted  in  the development of a new business model for the distribution  of
physician formulated skincare products.

     Mr. Veltheer currently sits on the board of directors of nlwilliams Inc.,
Infopoint  Inc.  and Iridium Capital Inc. all of which are private  companies.
Mr.  Veltheer is also the current president of Iridium Capital Inc. From 1997-
1999  Mr. Veltheer served as the president of Genesis Investor Relations where
he   provided   investor  relations  marketing  consulting   and   shareholder
communications   services  to  various  Canadian  start-up  corporations.   In
addition,  from  1999-2000  Mr.  Veltheer was  president  and  a  director  of
SUMmedia.com   Inc.  (OTC:BB  "ISUM")  where  he  developed  an  international
corporate structure.

     Directors  are  elected  to  serve until  the  next  annual  meeting  of
stockholders  and  until  their successors have been elected  and  qualified.
Officers  are appointed to serve until the meeting of the Board of  Directors
following  the next annual meeting of stockholders and until their successors
have been elected and qualified.

     No Executive Officer or Director of the Corporation has been the subject
of  any Order, Judgment, or Decree of any Court of competent jurisdiction, or
any   regulatory   agency  permanently  or  temporarily  enjoining,   barring
suspending  or  otherwise limiting him from acting as an investment  advisor,
underwriter, broker or dealer in the securities industry, or as an affiliated
person, director or employee of an investment company, bank, savings and loan
association,  or  insurance company or from engaging  in  or  continuing  any
conduct  or  practice in connection with any such activity or  in  connection
with the purchase or sale of any securities.

<PAGE>

     No Executive Officer or Director of the Corporation has been convicted
in any criminal proceeding (excluding traffic violations) or is the subject
of a criminal proceeding which is currently pending.

     No Executive Officer or Director of the Corporation is the subject of
any pending legal proceedings.

Section 16(a) Beneficial Ownership Reporting Compliance

     Section  16(a) of the Securities Exchange Act of 1934, as  amended  (the
"Exchange  Act"), requires Furnishing Club executive officers and  directors,
and  persons who beneficially own more than ten percent of Furnishing  Club's
common stock, to file initial reports of ownership and reports of changes  in
ownership  with the SEC. Executive officers, directors and greater  than  ten
percent  beneficial  owners  are  required  by  SEC  regulations  to  furnish
Furnishing Club with copies of all Section 16(a) forms they file. Based  upon
a review of the copies of such forms furnished to Furnishing Club and written
representations  from  Furnishing  Club  executive  officers  and  directors,
Furnishing Club believes that during the year ended 2001 all forms  3  and  4
were  filed  on  a  timely basis for Furnishing Club executive  officers  and
directors.


ITEM 10.  EXECUTIVE COMPENSATION

     The  following  table sets forth the cash compensation of the  Company's
former  executive  officer and director, Hue Do, during each  of  the  fiscal
years since inception of the Company.

<TABLE>
Summary Compensation Table
                                                         Long Term
                       Annual Compensation              Compensation
 Name and                          Other Annual Restricted
 Principal  Year  Salary   Bonus   Compensation    Stock    Options  Others
 Position           (1)                             (2)
<S>         <C>   <C>      <C>    <C>           <C>         <C>     <C>
Hue Do -
       Sole 2001        0  $5,000             0           0        0       0
officer (3)
            2000  $15,914       0             0   1,000,000        0       0
</TABLE>
(1)  Through December 31, 2001
(2)  After  10:1 forward spilt.
(3)  Mrs. Do resigned on February 6, 2002 and appointed John Veltheer as the
new sole officer and director. From December 31, 2001 to February 6, 2002
Mrs. Do did not receive any compensation from the Company.

ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

     The  following  table sets forth, as of December 31, 2001,  each  person
known  by us to be the beneficial owner of five percent or more of our Common
Stock  and  our  former  director and officer. Except as  noted,  the  holder
thereof  has  sole  voting and investment power with respect  to  the  shares
shown.
<PAGE>
<TABLE>
                                                       Number      Percent
            Name of Beneficial Owner(1)               Of Shares      Of
                                                                  Ownership
<S>                                                  <C>         <C>
Hue Do, former sole officer and director               1,000,000      11.90%

John Veltheer, new sole officer and director                   0          0%

Tim Do (2)                                             1,000,000      11.90%

Todd Ream                                              3,000,000      35.71%
2123 Maple Springs St.
Henderson, Nevada 89015

Ant Inc.                                               1,000,000      11.90%
1850 E. Flamingo Rd. #111
Las Vegas, Nevada 89119

Titanium Financial Fund (3)                            770,000         9.16%
2620 S. Maryland Parkway #195
Las Vegas, 89109
                                                     -----------------------
All Directors & Officers as a Group                    2,000,000      23.81%
</TABLE>
(1)     As  used  in  this table, "beneficial ownership" means  the  sole  or
  shared  power to vote, or to direct the voting of, a security, or the  sole
  or  shared investment power with respect to a security (i.e., the power  to
  dispose  of,  or to direct the disposition of, a security).   In  addition,
  for  purposes  of this table, a person is deemed, as of any date,  to  have
  "beneficial  ownership" of any security that such person has the  right  to
  acquire within 60 days after such date.
(2)     Tim  Do  and  Hue Do are counted collectively as a  result  of  their
  marital status.
(3)     These  share  include  30,000 shares  owned  by  the  spouse  of  the
  President of Titanium Financial Fund.

ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     On  April  1,  2000 the Company entered into an agreement  with  Hue  Do
wherein Mrs. Do would receive a six-month employment contract, for $1,500 per
month  concurrent with her contribution into the Company of her  intellectual
property  rights  pertaining  to the concept of  marketing  and  distributing
furniture through the Internet.

     For  the year ended December 31, 2001, Mrs. Do was paid bonus income  of
$5,000  for  her  continued services as sole officer  and  director  for  the
Company.

     Mrs.  Do  and her husband, Tim Do, each received 1,000,000 shares  after
10:1  forward  split  of common stock in the Company for  assistance  in  the
corporate formation.

ITEM 13.  EXHIBITS AND REPORTS ON FORM 8-K

     (a)  Exhibits
     3.1* Certificate  of Incorporation filed as an exhibit to the  Company's
          registration statement on Form 10-SB filed on October 6, 2000,  and
          incorporated herein by reference.
     3.2* By-Laws filed as an exhibit to the Company's registration statement
          on  Form 10-SB filed on October 6, 2000, and incorporated herein by
          reference.
     23   Consent of Accountants
     _____
     *    Previously filed
     (b)  There was one report on Form 8-K filed by the Company during the year
       ended December 31, 2001.
              1)  8-K Filed on May 1, 2001 - Change of Auditor

<PAGE>

                                 SIGNATURES

     Pursuant  to  the requirements of Section 13 or 15(d) of the  Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.

                                   THE FURNISHING CLUB

                                   By:/s/ John Veltheer
                                         John Veltheer, President

                                   Dated:    February 14, 2002

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

NAME                     OFFICE              DATE

/s/ John Veltheer
John Veltheer            Director            February 14, 2002

<PAGE>

                              TABLE OF CONTENTS
                                                                         PAGE
INDEPENDENT AUDITORS' REPORT                                             F-1

BALANCE SHEET                                                            F-2

STATEMENT OF OPERATIONS                                                  F-3

STATEMENT OF STOCKHOLDERS' EQUITY                                        F-4

STATEMENT OF CASH FLOWS                                                  F-5

NOTES TO FINANCIAL STATEMENTS                                     F-6 - F-10

<PAGE>

G. BRAD BECKSTEAD
Certified Public Accountant
                                                          330 E. Warm Springs
                                                          Las Vegas, NV 89119
                                                                 702.257.1984
                                                             702.362.0540 fax

                        INDEPENDENT AUDITOR'S REPORT

                              January 18, 2002

Board of Directors
The Furnishing Club
Las Vegas, NV

I  have audited the Balance Sheets of The Furnishing Club (the "Company")  (A
Development  Stage Company), as of December 31, 2001 and December  31,  2000,
and  the  related  Statements of Operations, Stockholders' Equity,  and  Cash
Flows  for the year ended December 31, 2001, the period March 22, 2000  (Date
of  Inception) to December 31, 2000, and the period March 22, 2000  (Date  of
Inception)  to  December  31,  2001.   These  financial  statements  are  the
responsibility of the Company's management.  My responsibility is to  express
an opinion on these financial statements based on my audit.

I conducted my audit in accordance with auditing standards generally accepted
in  the  United States. Those standards require that I 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
statement  presentation.   An audit also includes  assessing  the  accounting
principles  used  and significant estimates made by management,  as  well  as
evaluating the overall financial statement presentation.  I believe  that  my
audit provides a reasonable basis for my opinion.

In  my opinion, the financial statements referred to above present fairly, in
all  material  respects,  the financial position of The  Furnishing  Club  (A
Development Stage Company) as of December 31, 2001 and December 31, 2000, and
the  related Statements of Operations, Stockholders' Equity, and  Cash  Flows
for  the  year  ended December 31, 2001, the period March 22, 2000  (Date  of
Inception)  to  December 31, 2000, and the period March  22,  2000  (Date  of
Inception)  to  December 31, 2001, in conformity with  accounting  principles
generally accepted in the United States.

The accompanying financial statements have been prepared assuming the Company
will  continue  as a going concern.  As discussed in Note 4 to the  financial
statements,  the  Company has had limited operations and have  not  commenced
planned  principal  operations.   This raises  substantial  doubt  about  its
ability to continue as a going concern.  Management's plan in regard to these
matters  are  also  described  in Note 4.  The financial  statements  do  not
include  any  adjustments  that  might  result  from  the  outcome  of   this
uncertainty.

G. Brad Beckstead, CPA

<PAGE>
<TABLE>
                             THE FURNISHING CLUB
                        (A Development Stage Company)

                                BALANCE SHEET

                                   ASSETS
                                                      For the Year Ended
                                                         December 31,
                                                       2001         2000
<S>                                                <C>          <C>
CURRENT ASSETS
     Cash                                          $     15,337  $    45,334
                                                   ------------  -----------
     TOTAL CURRENT ASSETS                                15,337       45,334
                                                   ------------  -----------
OTHER ASSETS
     Deposits                                               218          218
                                                   ------------  -----------
     TOTAL OTHER ASSETS                                     218          218
                                                   ------------  -----------
                                                   $     15,555  $    45,552
                                                    ===========  ===========
</TABLE>
<TABLE>


             LIABILITIES AND STOCKHOLDERS' EQUITY
<S>                                                <C>           <C>
CURRENT LIABILITIES
     Accounts Payable                              $          0  $     1,018
                                                   ------------  -----------
     TOTAL CURRENT LIABILITIES                                0        1,018
                                                   ------------  -----------
STOCKHOLDERS' EQUITY

   Preferred stock, $.001 par value
   authorized 5,000,000 shares;
   none issued and outstanding                                0            0

   Common stock, $.001 par value,
   authorized 20,000,000 shares;
   8,400,000 issued and outstanding at
   December 31, 2000 and 2001                             8,400        8,400

Additional paid-in capital                               72,100       72,100

(Deficit) accumulated during
development stage                                      (64,945)     (35,966)
                                                   ------------  -----------
     TOTAL STOCKHOLDER'S EQUITY                          15,555       44,534
                                                   ------------  -----------

                                                   $     15,555  $    45,552
                                                   ============  ===========
</TABLE>
  The accompanying notes are an integral part of these financial statements
<PAGE>
<TABLE>
                             THE FURNISHING CLUB
                        (A Development Stage Company)


                           STATEMENT OF OPERATIONS

                                                     For the       For the
                                                   Period March Period March
                                         For the    22, 2000,     22, 2000,
                                        Year Ended (Inception)   (Inception)
                                         December  to December   to December
                                           31,       31, 2000     31, 2001
                                           2001
<S>                                    <C>          <C>          <C>
INCOME
Revenue                                $        0   $         0   $         0
                                       ----------   -----------   -----------
EXPENSE
General and
Administrative                             29,154        36,590        65,744
                                       ----------   -----------   -----------
TOTAL EXPENSES                             29,154        36,590        65,744
                                       ----------   -----------   -----------
Net Operating Loss                       (29,154)      (36,590)      (65,744)
Other Income/ (Expense)
      Interest Income                         175           624           799
                                       ----------   -----------   -----------
NET (LOSS)                             $ (28,979)   $  (35,966)   $  (64,945)
                                       ==========   ===========   ===========
Net profit(loss)
per weighted shares                    $        0   $         0   $         0
                                       ==========   ===========   ===========
Weighted average
number of common
shares outstanding                      8,400,000     8,400,000     8,400,000
                                       ==========   ===========   ===========
</TABLE>
  The accompanying notes are an integral part of these financial statements
<PAGE>
<TABLE>

                             THE FURNISHING CLUB
                        (A Development Stage Company)
               March 22, 2000,(Inception) to December 31, 2001


                      STATEMENT OF STOCKHOLDERS' EQUITY

                                                    (Deficit)
                                                   accumulated
                                        Additional    during        Total
                        Common Stock     paid-in   development  Stockholders'
                      Shares    Amount   Capital      stage        Equity
                     ----------  ------ ---------- -----------  -------------
<S>                  <C>         <C>    <C>        <C>          <C>
 March 22, 2000
 Issued for
 Corporate
 Services               500,000  $  500 $        0  $         0 $         500

 March 28, 2000
 Issued for cash        100,000     100     19,900                     20,000

 September 29, 2000
 Issued for cash        240,000     240     59,760                     60,000

 September 29, 2000
 Forward Stock Split
 10 to 1              7,560,000   7,560    (7,560)                          0

 Net loss
 March 22, 2000,
 (Inception) to
 December 31, 2000                                     (35,966)      (35,966)
                     ----------  ------ ----------  ----------- -------------
 Balance
 December 31, 2000    8,400,000   8,400     72,100     (35,966)        44,534

 Net loss
 December 31, 2001                                     (28,979)      (28,979)
                     ----------  ------ ----------  ----------- -------------
 Balance
 December 31, 2001    8,400,000  $8,400 $   72,100  $  (64,945) $      15,555
                       ========  ====== ==========  ===========  ============
</TABLE>
  The accompanying notes are an integral part of these financial statements
<PAGE>
<TABLE>

                             THE FURNISHING CLUB
                        (A Development Stage Company)

                           STATEMENT OF CASH FLOWS

                                                     For the      For the
                                                   Period March Period March
                                         For the    22, 2000,    22, 2000,
                                       Year Ended  (Inception)  (Inception)
                                        December   to December  to December
                                           31,       31, 2000     31, 2001
                                          2001
<S>                                  <C>          <C>           <C>
 Cash Flows from
 Operating Activities:
   Net (loss)                         $  (28,979)   $  (35,966)  $  (64,945)
   Shares Issued for services                   0           500          500

  Adjustment to reconcile net (loss)
 to net cash(used) by operating
 activities                                     0             0            0

   Accounts Payable                       (1,018)         1,018            0
   Deposits                                     0         (218)        (218)
                                      -----------   -----------  -----------
 Net cash (used) in
 operating activities                    (29,997)      (34,666)     (64,663)

 Cash Flows from
 Investing Activities:                          0             0            0

 Cash Flows from
 Financing Activities:
   Common stock                                 0        80,000       80,000
                                      -----------   -----------  -----------
 Net increase (decrease) in cash         (29,997)        45,334       15,337

 Cash,
 beginning of period                       45,334             0            0
                                      -----------   -----------  -----------
 Cash,
 end of period                        $    15,337   $    45,334  $    15,337
                                      ===========   ===========  ===========
</TABLE>
  The accompanying notes are an integral part of these financial statements
<PAGE>

                             THE FURNISHING CLUB
                        (A Development Stage Company)

                        NOTES TO FINANCIAL STATEMENTS
                              December 31, 2001

Note 1 - Summary of significant accounting policies

Organization
The  Company was organized March 22, 2000 (Date of Inception) under the  laws
of  the  State  of  Nevada,  as The Furnishing Club.   The  Company  has  not
commenced significant operations and, in accordance with SFAS #7, the Company
is considered a development stage company.

Use of estimates
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 revenue and expenses during the  reporting  period.
Actual results could differ significantly from those estimates.

Cash and cash equivalents
For  the  purpose  of  the  statements  of  cash  flows,  all  highly  liquid
investments  with the maturity of three months or less are considered  to  be
cash equivalents.

Revenue recognition
Sales  and  related cost of sales are generally recognized upon  shipment  of
products.  Cost of goods sold generally represents the cost of items sold and
the related shipping and selling expenses.

Advertising Costs
The  Company  expenses all costs of advertising as incurred.  There  were  no
advertising  costs  included  in general and administrative  expenses  as  of
December 31, 2001 or December 31, 2000.

Fair value of financial instruments
Fair   value  estimates  discussed  herein  are  based  upon  certain  market
assumptions and pertinent information available to management as of  December
31, 2001 and December 31, 2000.  The respective carrying value of certain on-
balance-sheet  financial instruments approximated their  fair  values.  These
financial  instruments include cash and accounts payable.  Fair  values  were
assumed to approximate carrying values for cash and payables because they are
short  term in nature and their carrying amounts approximate fair  values  or
they are payable on demand.

Impairment of long lived assets
Long  lived  assets  held and used by the Company are reviewed  for  possible
impairment whenever events or circumstances indicate the carrying  amount  of
an  asset  may  not be recoverable or is impaired.  No such impairments  have
been identified by management at December 31, 2001 or December 31, 2000.

<PAGE>

                             THE FURNISHING CLUB
                        (A Development Stage Company)

                        NOTES TO FINANCIAL STATEMENTS
                              December 31, 2001

Stock-Based Compensation:
The  Company accounts for stock-based awards to employees in accordance  with
Accounting Principles Board Opinion No. 25, "Accounting for Stock  Issued  to
Employees"  and  related interpretations and has adopted the  disclosure-only
alternative  of  FAS  No.  123,  "Accounting for  Stock-Based  Compensation."
Options  granted to consultants, independent representatives and  other  non-
employees are accounted for using the fair value method as prescribed by  FAS
No. 123.

Earnings per share
The  Company  follows Statement of Financial Accounting  Standards  No.  128.
"Earnings  Per  Share"   ("SFAS No. 128").  Basic earning  per  common  share
("EPS")  calculations are determined by dividing net income by  the  weighted
average  number  of  shares  of  common stock outstanding  during  the  year.
Diluted earning per common share calculations are determined by dividing  net
income  by  the weighted average number of common shares and dilutive  common
share  equivalents outstanding. During periods when common stock equivalents,
if any, are anti- dilutive they are not considered in the computation.

Segment reporting
The  Company  follows Statement of Financial Accounting  Standards  No.  130,
"Disclosures  About Segments of an Enterprise and Related  Information".  The
Company  operates  as a single segment and will evaluate  additional  segment
disclosure requirements as it expands its operations.

Income taxes
The  Company  follows  Statement of Financial Accounting  Standard  No.  109,
"Accounting  for Income Taxes" ("SFAS No. 109") for recording  the  provision
for  income  taxes.  Deferred tax assets and liabilities are  computed  based
upon  the difference between the financial statement and income tax basis  of
assets  and  liabilities using the enacted marginal tax rate applicable  when
the  related  asset  or  liability is expected to  be  realized  or  settled.
Deferred  income  tax expenses or benefits are based on the  changes  in  the
asset  or liability each period.  If available evidence suggests that  it  is
more likely than not that some portion or all of the deferred tax assets will
not be realized, a valuation allowance is required to reduce the deferred tax
assets  to  the  amount that is more likely than not to be realized.   Future
changes  in  such  valuation  allowance are included  in  the  provision  for
deferred income taxes in the period of change.

Deferred  income  taxes may arise from temporary differences  resulting  from
income  and expense items reported for financial accounting and tax  purposes
in  different  periods.  Deferred taxes are classified  as  current  or  non-
current,  depending on the classification of assets and liabilities to  which
they relate.  Deferred taxes arising from temporary differences that are  not
related  to  an  asset or liability are classified as current or  non-current
depending  on the periods in which the temporary differences are expected  to
reverse.

<PAGE>

                             THE FURNISHING CLUB
                        (A Development Stage Company)

                        NOTES TO FINANCIAL STATEMENTS
                              December 31, 2001

Recent pronouncements
The  FASB  recently  issued  Statement No. 137,  "Accounting  for  Derivative
Instruments  and  Hedging  Activities-Deferral  of  Effective  Date  of  FASB
Statement No. 133".  The Statement defers for one year the effective date  of
FASB  Statement No. 133, "Accounting for Derivative Instruments  and  Hedging
Activities".   The rule now will apply to all fiscal quarters of  all  fiscal
years beginning after June 15, 2000.  In June 1998, the FASB issued SFAS  No.
133,  "Accounting  for Derivative Instruments and Hedging  Activities."   The
Statement  will  require  the company to recognize  all  derivatives  on  the
balance  sheet  at  fair  value.  Derivatives that are  not  hedges  must  be
adjusted  to  fair  value  through income, if  the  derivative  is  a  hedge,
depending  on  the  nature  of  the hedge,  changes  in  the  fair  value  of
derivatives  will either be offset against the change in fair  value  of  the
hedged   assets,  liabilities,  or  firm  commitments  through  earnings   or
recognized  in other comprehensive income until the hedged item is recognized
in  earnings.  The ineffective portion of a derivative's change in fair value
will be immediately recognized in earnings.  The company does not expect SFAS
No. 133 to have a material impact on earnings and financial position.

In  December  1999,  the  Securities and Exchange Commission  released  Staff
Accounting Bulletin No. 101, Revenue Recognition in Financial Statements (SAB
No.  101),  which  provides  guidance on the  recognition,  presentation  and
disclosure  of revenue in financial statements.  SAB No. 101 did  not  impact
the company's revenue recognition policies.

Note 2 - Income taxes

The Company accounts for income taxes under Statement of Financial Accounting
Standards  No.  109, "Accounting for Income Taxes"  ("SFAS No.  109"),  which
requires  use of the liability method.   SFAS No.  109 provides that deferred
tax  assets and liabilities are recorded based on the differences between the
tax  bases of assets and liabilities and their carrying amounts for financial
reporting  purposes,  referred  to as temporary  differences.   Deferred  tax
assets  and  liabilities at the end of each period are determined  using  the
currently enacted tax rates applied to taxable income in the periods in which
the  deferred  tax  assets  and liabilities are expected  to  be  settled  or
realized.

There  is  no  provision for income taxes for the period ended  December  31,
2001.  The Company's total deferred tax asset as of December 31, 2001, is  as
follows:

Net operating loss carry forward   $ 64,945
Valuation allowance                $ 64,945
                              -------------
Net deferred tax asset        $           0

<PAGE>

                             THE FURNISHING CLUB
                        (A Development Stage Company)

                        NOTES TO FINANCIAL STATEMENTS
                              December 31, 2001

Note 3 - Stockholder's equity

Common Stock

The  authorized common stock of the corporation consists of 20,000,000 shares
with a par value $.001 per share.

On  March 22, 2000, the Company issued 500,000 shares of its $0.001 par value
common  stock for services valued at $.001 per share, or $500.00. The  shares
were  deemed to have been issued pursuant to an exemption provided by Section
4(2)  of the Act, which exempts from registration "transactions by an  issuer
not involving any public offering."

On  March 28, 2000, the Company issued 100,000 shares of its $0.001 par value
common stock for $.20 per share or $20,000.00 cash. The shares were deemed to
have  been  issued pursuant to an exemption provided by Section 4(2)  of  the
Act, which exempts from registration "transactions by an issuer not involving
any public offering."

On  September  29,  2000, the Company completed a public offerings  that  was
offered  without  registration under the Securities Act of 1933,  as  amended
(The  "Act"),  in reliance upon the exemption from registration  afforded  by
sections  4(2)  and 3(b) of the Securities Act and Regulation  D  promulgated
thereunder.  The Company sold 240,000 shares of common stock at  a  price  of
$0.25 per share for a total amount raised of $60,000.

On  September  29, 2000, the Company approved a forward stock  split  on  the
basis  of  10 for 1, thus increasing the common stock from 840,000 shares  to
8,400,000 shares.

Preferred Stock

The  authorized  preferred  stock of the corporation  consists  of  5,000,000
shares with a par value of $.001 per share.

Note 4 - Going concern

The  accompanying financial statements have been prepared assuming  that  the
Company   will   continue   as  a  going  concern  which   contemplates   the
recoverability of assets and the satisfaction of liabilities  in  the  normal
course  of business. As noted above, the Company is in the development  stage
and,  accordingly, has not yet generated revenues from operations. Since  its
inception, the Company has been engaged substantially in financing activities
and developing its product line, incurring substantial costs and expenses. As
a  result, the Company incurred accumulated  net losses from March  22,  2000
(inception)  through  the  period ended December  31,  2001  of  $64,945.  In
addition,  the  Company's development activities since  inception  have  been
financially sustained by capital contributions.

<PAGE>

                             THE FURNISHING CLUB
                        (A Development Stage Company)

                        NOTES TO FINANCIAL STATEMENTS
                              December 31, 2001

Note 4 - Going concern (continued)

The  ability of the Company to continue as a going concern is dependent  upon
its  ability to raise additional capital from the sale of common  stock  and,
ultimately,   the  achievement  of  significant  operating   revenues.    The
accompanying financial statements do not include any adjustments  that  might
be  required should the Company be unable to recover the value of its  assets
or satisfy its liabilities.

Note 5 - Warrants and options

There are no warrants or options outstanding to acquire any additional shares
of common stock.

Note 6 - Related party transactions

The Company neither owns nor leases any real or personal property. An officer
of  the  corporation provides office services without charge. Such costs  are
immaterial  to  the  financial  statements and  accordingly,  have  not  been
reflected therein. The officers and directors of the Company are involved  in
other  business  activities and may in the future, become involved  in  other
business opportunities. If a specific business opportunity becomes available,
such  persons may face a conflict in selecting between the Company and  their
other  business  interests. The Company has not formulated a policy  for  the
resolution of such conflicts.