<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                              ------------------
                               AMENDMENT NO. 1
                                      TO
                                FORM 10-QSB/A


  [X]   QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
        EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JULY 31, 1997
                                    -- or --
  [ ]   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE 
        ACT OF 1934 FOR THE TRANSITION PERIOD FROM____________TO_____________

                               ------------------

                              fine.com CORPORATION
            Name of small business issuer as specified in its charter


                                     0-22805
                             Commission File Number
        STATE OF WASHINGTON                            91-1657402
   State or Other Jurisdiction of          I.R.S. Employer Identification Number
   Incorporation or Organization


                                1118 POST AVENUE
                            SEATTLE, WASHINGTON 98101
                     Address of Principal Executive Offices

                                  206-292-2888
                             Issuer Telephone Number

                               ------------------


        Check whether the registrant (1) filed all reports     Yes [ ]  No [X]
required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the prior 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.


        The number of shares of the registrant's common stock, no par value per
share, outstanding as of August 31, 1997 was 2,380,065.


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This Amendment No.1 on Form 10-QSB/A is being made solely to correct a
typographical error contained on the registrants' unaudited statements of
income previously filed.


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<PAGE>   3



                              fine.com CORPORATION

                              STATEMENTS OF INCOME
                                   (Unaudited)


<TABLE>
<CAPTION>
                                         Three Months Ended July 31,      Six Months Ended July 31,
                                         --------------------------      --------------------------
                                            1997            1996           1997             1996
                                         ----------      ----------      ----------      ----------
<S>                                      <C>             <C>             <C>             <C>       
Gross revenue                            $  752,966      $  266,391      $1,564,399      $  492,128
Direct salaries and costs                   547,053         142,977       1,100,995         271,906
                                         ----------      ----------      ----------      ----------
Gross profit                                205,913         123,414         463,404         220,222
Selling, general and administrative
  expenses                                  151,730         117,597         335,889         207,529
                                         ----------      ----------      ----------      ----------
Operating income                             54,183           5,817         127,515          12,693
Interest expense                             11,864           1,798          19,402           2,778
                                         ----------      ----------      ----------      ----------

Income before income taxes                   42,319           4,019         108,113           9,915
Provision for income taxes                   14,451           1,367          36,821           3,372
                                         ----------      ----------      ----------      ----------
Net income                               $   27,868      $    2,652      $   71,292      $    6,543
                                         ==========      ==========      ==========      ==========

Net income per share                     $     0.02      $     0.00      $     0.06      $     0.01
                                         ==========      ==========      ==========      ==========

Shares used in computation of net
  income per share                        1,155,126       1,155,126       1,155,126       1,155,126
                                         ==========      ==========      ==========      ==========
</TABLE>

                                      -3-


<PAGE>   4


                                   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.

        Dated September 15, 1997.


                       fine.com CORPORATION
                       --------------------
                           (Registrant)


                       By              /s/ Daniel M. Fine
                         -------------------------------------------------------
                                         Daniel M. Fine
                              President and Chief Executive Officer
                                  (principal executive officer)



                       By           /s/ James P. Chamberlin
                         -------------------------------------------------------
                                       James P. Chamberlin
                              Secretary and Chief Financial Officer
                          (principal financial and principal accounting officer)


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