United States
                     SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549


                                  FORM 10-QSB


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

                For the Quarterly Period Ended: March 31, 2005

                         Commission File Number:  0-18974



                    GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.
       (Exact name of small business issuer as specified in its charter)


           Florida                                65-0142815
(State or other jurisdiction of       (IRS Employer Identification No.)
incorporation or organization)


        2458 Old Dorsett Road, Suite 118, Maryland Heights, MO  63043
                   (Address of principal executive offices)

                               (660) 775-2589
                         (Issuer's telephone number)

                        Jordan American Holdings, Inc.
            (Former Name of registrant as specified in its charter)

Check whether the Issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the Registrant was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days. Yes [] No [X].

As of April 29, 2005, there were 14,217,266 shares of common stock, par value
$0.001 per share, outstanding.

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

















                               TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

                                                                     Page

        Condensed Balance Sheets as of March 31, 2005
        and December 31, 2004 (unaudited)                             3-4

        Condensed Statements of Operations for the three month
        periods ended March 31, 2005 and 2004 (unaudited)              5

        Condensed Statements of Cash Flows for the three month
        periods ended March 31, 2005 and 2004 (unaudited)              6

        Condensed Statement of Stockholders' Equity (Deficit)
        for the three month period ended March 31, 2005 (unaudited)    7

        Notes to Condensed Financial Statements (unaudited)           8-9

Item 2. Management's Discussion and Analysis of
        Financial Condition and Results of Operations                10-13

Item 3. Controls and Procedures                                        13

PART II.  OTHER INFORMATION

Item 1. Legal Proceedings                                              14
Item 2. Changes in Securities                                          14
Item 3. Defaults Upon Senior Securities                                14
Item 4. Submission of Matters to a Vote of Security Holders            15
Item 5. Other Information                                              15
Item 6. Exhibits and Reports on Form 8-K                               15

Signatures                                                             16

Certifications

Exhibit 31
Exhibit 32













                                    2






ITEM 1.  FINANCIAL STATEMENTS

                    GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.
                           CONDENSED BALANCE SHEETS
                                 (Unaudited)

                                                March 31,     December 31,
                                                  2005            2004
                                               -----------     -----------
ASSETS

CURRENT ASSETS
 Cash                                          $     7,886     $     5,912
 Investment advisory fees receivable                 9,585            -
 Deposit with clearing broker                       25,094          25,669
 Interest receivable                                  -             19,308
 Other receivables                                   5,036           5,036
                                               -----------     -----------
     Total current assets                           47,601          55,925

FIXED ASSETS
 Property and equipment (net of accumulated
  depreciation of $27,921 and $27,125,
  respectively)                                      9,707          10,463
                                               -----------     -----------
TOTAL ASSETS                                   $    57,308     $    66,388
                                               ===========     ===========





























The accompanying notes are an integral part of these financial statements.

                                    3



                    GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.
                           CONDENSED BALANCE SHEETS
                                (Unaudited)
                                (continued)

                                                 March 31,    December 31,
                                                   2005           2004
                                               -----------     -----------
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
 Accounts payable and accrued expenses         $   365,296     $   364,593
 Shareholder payable                               123,959         117,712
 Deferred revenues                                   2,542           2,542
                                               -----------     -----------
     Total Current Liabilities                     491,797         484,847
                                               -----------     -----------

STOCKHOLDERS' EQUITY
 Preferred stock variable rate, cumulative,
  convertible, non-voting, $0.01 par value,
  $1.00 liquidation value, authorized
  5,000,000 shares issued and outstanding,
  2,000,000                                         20,000          20,000
 Common stock $0.001 par value, authorized,
  20,000,000 shares: issued and outstanding
  14,217,266 shares                                 14,217          14,217
 Additional paid-in capital                      4,463,657       4,463,657
 Accumulated deficit                            (4,932,363)     (4,916,333)
                                               -----------     -----------
     Total Stockholders' Equity                   (434,489)       (418,459)
                                               -----------     -----------

TOTAL LIABILITIES AND STOCKHOLDERS'
   EQUITY                                      $    57,308     $    66,388
                                               ===========     ===========




















The accompanying notes are an integral part of these financial statements.

                                    4



                    GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.
                      CONDENSED STATEMENTS OF OPERATIONS
                                (Unaudited)

                                                    Three Months Ending
                                                 March 31,      March 31,
                                                   2005           2004
                                               -----------     -----------
Revenue
 Commission income                             $     5,228     $    23,171
 Investment advisory fees                           10,484           8,832
                                               -----------     -----------
Total revenue                                       15,712          32,003

Operating expenses:
 General and administrative expenses                32,050          39,758
                                               -----------     -----------
Loss from operations                               (16,338)         (7,755)

Other income (expense):
 Dividend and interest income                          308          12,512
 Other income (net)                                   -                 75
                                               -----------     -----------
     Total other income                                308          12,587
                                               -----------     -----------

Net income (loss) before income tax                (16,030)          4,832

     Income taxes                                     -                107
                                               -----------     -----------
Net income (loss)                              $   (16,030)    $     4,725
                                               ===========     ===========

     Net income (loss) per share               $     (0.00)    $     (0.00)
                                               ===========     ===========

Weighted average shares of common stock
 outstanding - Basic                            14,217,266      14,217,266
                                               ===========     ===========
 Diluted                                        14,217,266      14,217,266
                                               ===========     ===========















The accompanying notes are an integral part of these financial statements.

                                    5


                    GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.
                      CONDENSED STATEMENTS OF CASH FLOWS
                                (Unaudited)

                                                    Three Months Ending
                                                 March 31,      March 31,
                                                   2005           2004
                                               -----------     -----------
CASH FLOWS FROM OPERATIONS
Net income (loss)                              $   (16,030)    $     4,725
Adjustments to reconcile net income (loss)
 to net cash flows from operations:
  Depreciation and amortization                        756             796
  Changes in operating assets and liabilities:
   Investment advisory fees                         (9,585)         (9,888)
   Clearing broker                                     575          (5,822)
   Interest receivable                              19,308          19,543
   Other receivables                                  -                  7
   Receivable from shareholders                      6,247         (12,403)
   Accrued expenses and accounts payable               703         (17,860)
   Deferred revenue                                   -              4,663
                                               -----------     -----------
     Net cash used by operating activities           1,974         (16,240)
                                               -----------     -----------
CASH FLOWS FROM INVESTING ACTIVITIES
 Capital Expenditures                                 -               (479)
                                               -----------     -----------
     Net cash provided by investing activities        -               (479)

CASH FLOWS FROM FINANCING ACTIVITIES
 Proceeds from note payable plus accrued interest     -              2,500
                                               -----------     -----------
     Net cash provided by investing activities        -              2,500
                                               -----------     -----------
Net increase (decrease) in cash                      1,974         (14,219)

Cash, beginning of period                            5,912          18,886
                                               -----------     -----------
Cash, end of period                            $     7,886     $     4,667
                                               ===========     ===========














The accompanying notes are an integral part of these financial statements.

                                    6




                    GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.
                       STATEMENT OF STOCKHOLDERS' EQUITY
                   For the Three Months Ended March 31, 2005

<TABLE>
<CAPTION>

                                                            Additional                   Total
                     Preferred Stock       Common Stock      Paid-In    Accumulated   Stockholders'
                    Shares    Amount     Shares    Amount    Capital      Deficit        Equity
                   ---------  -------  ----------  -------  ----------  -----------   -------------
<S>                <C>        <C>      <C>         <C>      <C>         <C>           <C>
Balance, December
 31, 2004          2,000,000  $20,000  14,217,266  $14,217  $4,463,657  $(4,916,333)   $(418,459)

Net loss                -        -           -        -           -         (16,030)     (16,030)
                   ---------  -------  ----------  -------  ----------  -----------    ---------
Balance, March
 31, 2005          2,000,000  $20,000  14,217,266  $14,217  $4,463,657  $(4,932,363)   $(434,489)
                   =========  =======  ==========  =======  ==========  ===========    =========

</TABLE>




































The accompanying notes are an integral part of these financial statements.

                                    7


                    GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.
                         NOTES TO FINANCIAL STATEMENTS
                                March 31, 2005
                                  (Unaudited)

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited condensed financial statements of GUNDAKER/JORDAN
AMERICAN HOLDINGS, INC. ("the Company") are presented in accordance with the
requirements for Form 10-Q and Article 10 of Regulation S-X and Regulation
S-B.  Accordingly, they do not include all of the disclosures required by
generally accepted accounting principles .  In the opinion of management, all
adjustments (all of which were of a normal recurring nature) considered
necessary to fairly present the financial position, results of operations, and
cash flows of the Company on a consistent basis, have been made.

These results have been determined on the basis of generally accepted
accounting principles and practices applied consistently with those used in
the preparation of the Company's Annual Financial Statements for the year
ending December 31, 2004.  Operating results for the three months ending March
31, 2005 are not necessarily indicative of the results that may be expected
for the year ended December 31, 2005.

The Company recommends that the accompanying condensed financial statements
for the interim period be read in conjunction with Form 10-KSB for the year
ending December 31, 2004.

Use of estimates
----------------
The financial statements have been prepared in conformity with accounting
principles generally accepted in the United States of America.  In preparing
the financial statements, management is required to make estimates and
assumptions that affect the reported amounts of assets and liabilities as of
the date of the statements of financial condition and revenues and expenses
for the year then ended. Actual results may differ significantly from those
estimates.

Net Loss Per Share
------------------
Basic loss per weighted average common share is computed by dividing the net
loss by the weighted average number of common shares outstanding during the
period.  Common stock equivalents are excluded from the computation for the
three months ended March 31, 2005, as their effect is anti-dilutive.















                                    8



                    GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.
                        NOTES TO FINANCIAL STATEMENTS
                               March 31, 2005
                                 (Unaudited)


NOTE 2 - AMENDMENT TO ARTICLES OF INCORPORATION

On September 15, 2003, the Company held a shareholder meeting in which the
name of the Company was changed to "Gundaker/Jordan American Holdings, Inc."
The Board believes that the Company can develop more extensive brand-name
recognition in the marketplace through the consistent use of the
"Gundaker/Jordan" name.  In addition, the total number of authorized common
shares was increased from 20,000,000 to 20,000,000,000.

NOTE 3 - GOING CONCERN

The Company's financial statements have been presented on the basis that it is
a going concern, which contemplates the realization of assets and the
satisfaction of liabilities in the normal course of business.

The Company has suffered significant losses, has a working capital deficit as
of the date of this report, and possesses minimal ongoing sources of income
consisting primarily of trailing commissions.  The Company hopes to obtain
funding, via loans or private placements of stock to pay off debt and provide
working capital.  Management has no current plan to seek capital in the form
of loans or stock private placements at this time.

The Company's ability to continue as a going concern is dependent upon its
ability to develop additional sources of capital and ultimately, to achieve
profitable operations.  The accompanying financial statements do not include
any adjustments that might result from the outcome of these uncertainties.
Management is seeking new capital and opportunities to revitalize the Company.

























                                    9



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
        CONDITION AND RESULTS OF OPERATIONS

Certain statements contained in this report, including statements concerning
the Company's future cash and financing requirements, and other statements
contained herein regarding matters that are not historical facts, are forward
looking statements; actual results may differ materially from those
anticipated.

Company Background and Change in Control
----------------------------------------

On November 2, 2002, Wallace Neal Jordan reclaimed control of Jordan American
Holdings.  At that point, the attempted hostile takeover of the company had
failed, and the rebuilding and restructuring of the company began.

The battle for control of the company had included a proxy battle, which was
won decisively by Mr. Jordan and the shareholders against Charles Clark, A.J.
Elko and the Lamb foundation.  Mr. Jordan, subsequently negotiated the
purchase from the previous preferred shareholders, the Lamb Foundation, of all
of their interests in the company, two million shares of preferred stock and
3.85 million shares of common stock.  The purchase of the Lamb Foundations
interest was made by Gordon Gundaker, in the name of the Gordon A. Gundaker
Revocable Trust, with a perpetual proxy for voting privileges granted to Mr.
Jordan, and the right to purchase a 50% interest in the transaction also being
granted to Mr. Jordan.  At the time of the completion of the transaction with
the Lamb Foundation, Mr. Jordan, via the proxy and his previous ownership
interest, had voting control of over 50% of the common stock of the company.
As a result, the need to solicit proxys in order to settle any dispute within
the company is unnecessary.

Mr. Jordan, the founder of the company and largest shareholder, controls the
important decisions affecting the shareholder of the company.  Since Mr.
Jordan's focus and primary business interest is in creating value for the
shareholders of the company and enhancing the market value of the company's
stock and considering the severely detrimental result of the previous conflict
relating to an attempt by others to control the company, its assets and its
business, having full control of the company's future placed in Mr. Jordan's
hands is considered a valuable improvement in the outlook for the company and
its business.


















                                    10



ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION AND RESULTS OF OPERATIONS (continued)

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

The Company had a net loss for the three month period ended March 31, 2005 of
$(16,030) or $0.00 per common share compared to a net profit of $4,725 or
($0.00) per common share for the corresponding period of the previous year.

For the current quarter, the Company is inactive, except for certain
commissions and incidental expenses.  This decrease in operating loss is
primarily due to significantly lower selling, general and administrative
expenses during this period when compared to the same quarter last year.

The Company had an operating loss of $(16,338) for the three months ended
March 31, 2005 compared to an operating loss of $(7,755) for the three months
ended March 31, 2004. This increase in operating loss is primarily due to
significantly lower revenue during this period when compared to the same
quarter last year.

For the three months ended March 31, 2005, revenues totaled $15,712 compared
to revenues of $32,003 for the same quarter of 2004, a decrease of
approximately 51% due to decreased commission income during the quarter.

Selling, general, and administrative ("SG&A") expenses of $ 32,050 were
incurred during the three month period ended March 31, 2005, compared to
$39,758 for the comparative period of the previous year.  This decrease of
approximately 19% was due primarily to a reduction in professional fees, and
related reductions in general and administrative expense.

Total other income (expenses) was $308 for the three months ended March 31,
2005, compared to $12,587 for 2004.  The reduction in income relates to the
variable interest rate on the Company's investment in Boston Restaurant
debentures, which were sold in the fourth quarter of 2004.

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

                                     Three months ended March 31,
                                         2004           2005
                                      ---------      ---------
     Operating activities             $   1,974      $ (16,240)
     Investing activities                  -              (479)
     Financing activities                  -             2,500
                                      ---------      ---------
     Net effect on cash               $   1,974      $ (14,219)
                                      =========      =========

As of March 31, 2005 and the year ended December 31, 2004, the Company had a
deficit in working capital of $(444,196) and $(428,922), respectively.







                                    11


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION AND RESULTS OF OPERATIONS (continued)

Risk Factors, Trends & Uncertainties
------------------------------------

Total assets under management and corporate earnings may substantially
increase or decrease due to (1) stock market conditions, including the onset
of a long-term declining, or bear market;  (2) performance returns as
influenced by the Company's investment advisory decisions, operational expense
and effectiveness of marketing efforts;  (3) competition from mutual funds,
other investment advisory companies and insurance companies;  (4) interest
rate changes and other actions taken by the Federal Reserve Board;  (5)
domestic and international economic and political conditions, high inflation
and/or recession;  (6) trends in business and finance;  (7) international
events;  (8) acts of terrorism; and (9) other factors.

The Company is registered with and subject to regulation by the SEC under the
Investment Advisers Act of 1940 and, where applicable, under state advisory
laws.  The Company is also subject to regulation by the SEC under the
Investment Company Act of 1940. The Company's affiliate broker-dealer is
registered as a broker-dealer with the SEC under the Securities Exchange Act
of 1934 (the "Exchange Act") and, where applicable, under state securities
laws, and is regulated by the SEC, state securities administrators and the
NASD.

By law, investment advisors and broker-dealers are fiduciaries and are
required to serve their clients' interests with undivided loyalty.  There is a
potential conflict of interest because of the affiliation between the Company
and IFNI. While the Company believes that its existing relationships are in
compliance with applicable law and regulations, because of this potential
conflict of interest, the SEC may closely examine these relationships.  Many
aspects of the financial services industry involve substantial liability
risks, including exposure under federal and state securities laws in
connection with the distribution of securities and investment advisor
activities.  The Company does not currently maintain errors and omission
insurance policies insuring against this risk.

There can be no assurance that any changes to existing laws, regulations or
rulings promulgated by government entities having jurisdiction over the
Company's investment advisory, broker-dealer, investment company and
commodities trading business will not have an adverse effect upon the business
of the Company.

In connection with a late 1997 examination of the Company, the SEC raised
certain issues regarding possible violations of the federal securities laws in
connection with the private placement of debentures of Boston Restaurant
Associates, Inc.  The matter has not been resolved and to the Company's
knowledge the investigation is ongoing.  Management of the Company does not
expect the resolution of this matter to have any material effect on the
Company's financial condition, results of operations or business.







                                    12



ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION AND RESULTS OF OPERATIONS (continued)

Negative stock market trends have impaired the Company's ability to gather new
assets into the individually managed accounts.  Negative investment
performance within the individually managed accounts has impaired the
Company's ability to earn performance-based revenues.  Because of these
negative trends, the Company may not generate sufficient revenues to continue
current operations through the next twelve months.

ITEM 3.  CONTROLS AND PROCEDURES

As of the end of the period covered by this report, the Company conducted an
evaluation, under the supervision and with the participation of the Chief
Executive Officer/Chief Financial Officer, of the Company's disclosure
controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the
1934 Act. Based on this evaluation, the Chief Executive Officer/Chief
Financial Officer concluded that the Company's disclosure controls and
procedures are effective to ensure that information required to be disclosed
by the Company in reports that it files or submits under the 1934 Act is
recorded, processed, summarized and reported within the time periods specified
in Securities and Exchange Commission rules and forms. There was no change in
the Company's internal control over financial reporting during the Company's
most recently completed fiscal quarter that has materially affected, or is
reasonably likely to materially affect, the Company's internal control over
financial reporting.
































                                    13



PART II.  OTHER INFORMATION

Item 1.  Legal Proceedings

     Item 1 of Part II of the  Company's  Form 10-QSB for the quarter ended
June 30,  2001,  disclosed  the  initiation  by W. Neal Jordan on June 27,
2001,  of litigation against the Company and Messrs. A.J. Elko and Charles R.
Clark in the United States District Court for the Eastern District of
Kentucky.

     On October 2, 2001, the District  Court issued a preliminary  injunction
to preclude,  in  connection  with the  Company's  Annual  Meeting of
Shareholders scheduled to be held on October 4, 2001, the counting of the
3,100,000 shares of the  Company's  common stock issued on August 6, 2001, to
the Kirkland S. & Rena B. Lamb Foundation in exchange for 1,500,000 shares of
the Company's outstanding preferred  stock.  The Court denied without
prejudice Mr. Jordan's motion for a preliminary injunction to prevent the
Company from issuing any additional shares of the  Company's  common stock.
The Court also denied the Company's  motion to dismiss the litigation.

     On October 3, 2001, the Company  appealed the District  Court's issuance
of the  preliminary  injunction to the United States Court of Appeals for the
Sixth Circuit. On October 4, 2001, the Company filed an emergency motion for a
stay of the District Court's preliminary injunction. That same day, a judge of
the Court of Appeals issued an order enjoining the parties from holding any
shareholders' meeting or conducting any shareholders' vote pending
consideration by a regular three-judge  motions panel of the appellate court
of the Company's  motion for a stay pending appeal of the Preliminary
Injunction entered by the District Court. On October  25,  2001,  the Court of
Appeals  granted  the  Company's  motion to expedite the appeal.  It has also
issued an expedited  briefing schedule for the appeal. On October 26, 2001, a
three-judge panel of the Court of Appeals entered an order  dissolving  the
temporary  stay of the District  Court's  preliminary injunction  granted on
October 4, 2001,  and denied the  Company's  motion for a stay of enforcement
of the District  Court's  preliminary  injunction  while the appeal is
pending.

     On September 15, 2003, a meeting of shareholders was held to elect
directors, to approve the change in name of the Company to Gundaker/Jordan
American Holdings, Inc., and to approve an increase in the number of
authorized common shares from 20,000,000 to 20,000,000,000.

Item 2.  Changes in Securities

     None


Item 3.  Defaults Upon Senior Securities

     None









                                    14


Item 4.  Submission of Matters to a Vote of Security Holders

     None

Item 5.  Other Information

     None

Item 6.  Exhibits and Reports on Form 8-K

     (a)     Exhibits

      31     Certification of Chief Executive Officer and Chief
             Financial and Accounting Officer of the Company
             Accompanying Periodic Reports pursuant to Section 302 of
             the Sarbanes-Oxley Act of 2002 (as filed herewith).


      32     Certification of Chief Executive Officer and Chief
             Financial and Accounting Officer of the Company pursuant
             to Section 906 of the Sarbanes-Oxley Act of 2002
             (as filed herewith).


     (b)  Reports on Form 8-K

     The Company filed a report on Form 8-K on June 3, 2005, reporting a
change of accountants to Richey May & Co, LLP.  Richey May & Co, LLP have
performed the audits for the years ended December 31, 2003 and 2004.






























                                    15


                                Signatures


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

                                   GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.



                                   By: /s/ W. Neal Jordan
                                       Principal Executive Officer and
                                       Principal Financial and Accounting
                                       Officer
                                       Date:  June 24, 2005































                                    16