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

For  the  Fiscal  Year  Ended  March  31,  2001

( )      Transaction Report Under Section 13 or 15(d) of Securities Exchange Act
of  1934

For  the  transition  period  from  ______  to  ______

Commission  File  Number:  000-24189

                     INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
 (Exact  Name  of  Small  Business  Registrant  as  Specified  in  its  Charter)

             Delaware                                       65-0488983
(State  or  other  jurisdiction  of               (IRS  Employer  Identification
 Incorporation  or  Organization)                         Number)

             3163  Kennedy  Boulevard,  Jersey  City,  New  Jersey  07306
                  (Address  of  Principal  Executive  Offices)

Registrant's  Telephone  Number:  (201)  217-4137

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

Securities  registered  pursuant  to  Section  12(g)  of  the  Act:
     Common  Stock,  $.001  par  value.

Indicate  by  check  mark whether the Registrant (1) has filed all documents and
reports  to  be  filed  by Section 13 or 15(d) of the Securities Exchange Act of
1934  during  the past 12 months (or 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

Indicate  by  check  mark if no disclosure of delinquent filers pursuant to Item
405  of  Regulation  S-B  is  contained  in  this form and no disclosure will be
contained,  to  the  best  of  registrant's  knowledge,  in  definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or  any  amendment  to  this  Form  10-KSB.   [X]

State  Registrant's  revenues  for  its  most  recent  fiscal  year:  $1,833,857

State  the  aggregate  market  value  of the voting stock held by non-affiliates
computed  by  reference to the price at which the stock was sold, or the average
bid  and  asked  prices  of  such  stock,  as  of  August  31,  2001:  $ 689,901

APPLICABLE  ONLY  TO  CORPORATE  REGISTRANTS

The  number of shares outstanding of the Registrant's sole class of Common Stock
as  of  March  31,  2001  was  8,315,964.

DOCUMENTS  INCORPORATED  BY  REFERENCE: See PART III, Item 13

Transitional Small Business Disclosure Format (check one):     Yes ( )  No  (X)
<PAGE>
FORWARD-LOOKING  STATEMENTS

This  Report  on  Form 10-KSB contains certain forward-looking statements. These
forward  looking  statements  include  statements  regarding  (i)  research  and
development  plans,  marketing  plans,  capital and operations expenditures, and
results  of  operations;  (ii) potential financing arrangements; (iii) potential
utility  and  acceptance of the Registrant's existing and proposed products; and
(iv)  the  need  for,  and  availability  of,  additional  financing.

The forward-looking statements included herein are based on current expectations
and  involve  a  number  of  risks   and  uncertainties.  These  forward-looking
statements  are  based  on  assumptions  regarding  the  business of Interactive
Multimedia  Network, Inc., the ("Company"), which involve judgments with respect
to,  among  other  things, future economic and competitive conditions and future
business  decisions,  all  of  which  are  difficult  or  impossible  to predict
accurately and many of which are beyond the control of the Company. Although the
Company  believes that the assumptions underlying the forward looking statements
are  reasonable,  any  of the assumptions could prove inaccurate and, therefore,
actual results may differ materially from those set forth in the forward-looking
statements.













(This space left intentionally blank.)




























<PAGE>
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2001

                                TABLE  OF  CONTENTS

     PART  I                                                               PAGE

ITEM  1.     DESCRIPTION  OF  BUSINESS
ITEM  2.     DESCRIPTION  OF  PROPERTY
ITEM  3.     LEGAL  PROCEEDINGS
ITEM  4.     SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

     PART  II

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

ITEM  6.     MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
             AND  RESULTS  OF  OPERATION

ITEM  7.     FINANCIAL  STATEMENTS

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


     PART  III


ITEM  9.     DIRECTORS  AND  EXECUTIVE  OFFICERS  OF  THE  REGISTRANT

ITEM  10.    EXECUTIVE  COMPENSATION

ITEM  11.    SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
             AND MANAGEMENT

ITEM  12.    CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS

     PART  IV


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

SIGNATURES
















<PAGE>
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2001

                                     PART  I

Item  1.  Description  of  Business

Background

     The  Company  was incorporated in the State of New Jersey on March 4, 1994.
On  June  13, 1995, the New Jersey corporation migrated to Delaware via a merger
with a Delaware corporation formed for  that purpose. There are 5,000,000 shares
of preferred stock authorized of which none are presently issued and outstanding
and  there  are  25,000,000 shares of common stock authorized of which 8,315,964
were  issued  and  outstanding  as  of  March  31,  2001.

     The  Company  has two  wholly-owned  subsidiaries.  AutoSmart USA, Inc. and
AutoSmart USA Leasing, Inc. These subsidiaries operate in tandem to  operate the
vehicle  sales  operations  of  the  Company.

     The  Company  had  acquired  an  80% interest in Contracting, Planning  and
Management  Associates,  Inc., through the Company's wholly-owned subsidiary CPM
Associates.  This  business  operation  is no longer active, however,  prior  to
its  Chapter  7  Bankruptcy  proceeding,  it  operated  the  architectural  wood
products  and  store  fixture  business  of  the  Company.

     The  principal executive offices of the Company are located at 3163 Kennedy
Boulevard,  Jersey  City,  New Jersey, tel. (201) 217-4137.  The Company's stock
symbol  on  the  Over-the-Counter  Bulletin  Board is "IMNI".  As of January 13,
2000,  the  Company's stock was removed from the over the counter bulletin board
and  it  is  presently  traded on the "Pink Sheets". The  Company  has begun the
process  of  being  reinstated  to  the  OTC  BB.

Business

     The Company is an Internet based  marketing  company. The Company's primary
business  activity  is marketing through multiple media channels for the purpose
of  facilitating  on-line  purchases of a variety of products and services.  The
Company  markets  products and services primarily for itself (85%) and sometimes
for  others  (15%).  In  both cases it utilizes Interactive Convergence which is
the  simultaneous utilization of television, the Internet and retail exposure to
promote  a   product  or  service.   The  Company  uses  multiple   channels  of
distribution,  such  as the Internet, online computer services, broadcast, cable
and  satellite  television  and  retail  exposure,  for  the introduction of new
products,  new  services,  inventions  and  concepts.  In  addition to marketing
other  people's  products  or  services  for a fee, the Company also sells cars,
trucks and sport utility vehicles directly to consumers through two wholly-owned
subsidiaries. The Company derives its revenue from (i) marketing fees charged to
clients  for  placement of products or services in Company owned web sites; (ii)
commissions  earned by the Company based on the sale of its clients' products or
services;  and  (iii)  sales  or commissions earned through the sale or lease of
vehicles by its AutoSmartUSA subsidiaries.

     For  its  clients,  the  Company provides complete marketing plans enabling
individuals  or  entities  that contract with the Company an advertising program
specifically  tailored  to  their  products  or  services and their budget. This
includes  recommended  media  buys,  target  demographics,  print,   television,
Internet  advertising  and  other  necessary information and plans to attempt to
successfully  bring  that  product  or service to market. Certain larger clients
only  require that the Company design and produce a web site for them to host on

<PAGE>
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2001

their  own. Others require the Company to also host the site, provide all of the
necessary  e-commerce  tools  and  provide  the  telemarketing/customer  service
functions  as well. For small to medium size companies the Company  can function
as  their marketing department and for larger companies the Company can function
to  augment  their existing marketing programs. The Company uses television, the
Internet  and  retail  exposure  simultaneously,  to  promote  sales  and  brand
awareness  for its clients' products and services.  One avenue which the Company
uses  is   through   the   Internet   web   site   known   as   Shop-the-Net.com
(www.shop-the-net.com),  which  is  a  site  owned  and operated by the Company.
"Shop-The-Net"'  is  a  virtual shopping mall available over the World Wide Web.
In  this mall, the Company rents showroom space to companies and individuals.  A
showroom is a section of the mall wherein a client's product and/or services are
highlighted  and  available  for  sale.   There  are  approximately  45  clients
represented  in Shop-the-Net.com, offering approximately 500 different products.
The  Company  derives  revenue  through Shop-the-Net.com from (i) placement fees
charged  to clients for being in the Shop-the-Net web site; and (ii) commissions
earned   through   the   sale   of  clients'   products  or   services   through
Shop-the-Net.com.  During  the  fiscal  year ended March 31, 2001 less  than  5%
of  the  Company's  revenue  was  derived  from  Shop-the-Net.com.

     In  February  1999,  the  Company  formed  two  wholly-owned  subsidiaries,
AutoSmart USA,  Inc.,  a  Nevada  corporation  and  AutoSmart USA Leasing, Inc.,
a  Florida corporation,  collectively,  AutoSmartUSA.  AutoSmartUSA  sells cars,
trucks  and  sport  utility  vehicles  through  the  Internet  at another of the
Company's  websites,  www.autosmartusa.com,   and  through  a  walk-in  new  car
showroom  located  in  Pompano  Beach,  Florida.

     AutoSmartUSA  sells and leases all models of new cars, trucks and SUV's for
as low as 1% over factory invoice.  AutoSmartUSA has made arrangements with more
than  1,500  new  car dealers across the United States to furnish AutoSmartUSA's
customers  with  vehicles  at  appreciable  discounts  from MSRP (Manufacturer's
Suggested Retail Price).  Through this dealer network AutoSmartUSA can deliver a
vehicle  to  a  customer  at  the  location  of  their choice at a price that is
typically lower than the customer could negotiate directly because of the volume
pricing  that  has been previously negotiated with AutoSmartUSA's dealers at the
time  of  their  joining  the  network  of  dealers.

     The  AutoSmartUSA.com  website  allows  customers to build their own car by
specifying the make, model, options and color choices desired.  Usually within 4
hours,  during  normal  business  hours,  a personalized printout is sent to the
customer  containing  the  MSRP  and  factory invoice for the vehicle specified.
With  this  information the customer can then make their purchasing decision and
determine  whether  to  buy,  lease  or  finance  their  new  vehicle.

     AutoSmartUSA  has in-direct lending and leasing arrangements with more than
40  financing  sources  and can generally obtain financing for the customer at a
competitive  rate  based  on published market rates.  AutoSmartUSA maintains its
own  finance  and  insurance  department, just like most new car dealers, and in
most cases processes all of the necessary paperwork to complete the transaction.

     When it is in the consumers' best interest, i.e. access to a better finance
rate,  better  terms, etc., AutoSmartUSA will allow the dealer who is delivering
the  vehicle  to  handle the transactional paperwork.  This is necessary because
AutoSmartUSA  is  not  a  franchise dealer and as such cannot offer manufacturer
subsidized  financing.



<PAGE>
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2001

     The  American public has had a love affair with the Automobile for the past
100  years.  The  automotive  industry  has long recognized the appreciative and
collective  nature  of  certain  examples  of  cars  that  have been created and
manufactured throughout its history. Many of these "collectible" cars are sought
after  due to a uniqueness of design or perhaps interesting or special features.
However,  most  are  cherished,  garnered and collected because of an intangible
referred  to  as  nostalgia.

     AutoSmartUSA  recognizes  the  value  and  marketability  of  these special
vehicles and has begun to actively offer only the finest examples of these types
of  collectibles  in its Internet website. These collectibles are offered in two
ways, either through a free direct listing of the vehicle which includes a full,
accurate  description  of  the vehicle, the vehicle identification number or VIN
and in most cases a recent color photograph or through the Silent Auction method
of  selling whereby the vehicle is sold to the highest bidder. Most cars carry a
"reserve  price",  thus insuring that the vehicle is only released for sale when
the  winning  bidder  achieves a minimum price set by the vehicle owner. In both
cases,  the  seller  and  buyer pay a fee of one percent to AutoSmartUSA for its
services.

     AutoSmartUSA  is  careful to select only the finest vehicles with authentic
lineage. No kit cars, replicas or vehicles that are not already totally restored
or  near-perfect  original  examples  are  accepted  for  sale  on the site. All
vehicles  are  inspected  via digital images and the complete vehicle history is
documented  to  ensure  the  lineage.

     Through  March  31,  2001,   more  than  450  collectible  cars  have  been
represented  in  the  site  and  more  than 25% (or 112) have sold. The sales of
collectible cars accounted for approximately 9% of the Company's revenue for the
fiscal  year  ended  March  31,  2001.

     The Company's revenue comes from the sale of its own marketing services and
from  the  business  activities of its subsidiaries.  In the twelve month period
ended  March  31,  2001,   AutoSmartUSA  accounted  for  $1,762,857  (or  96% of
revenue)  and  the  core  marketing  business  accounted  for $71,000  (or 4% of
revenue).  Contracting, Planning  and Management  Associates, Inc.,  an indirect
majority  owned  subsidiary  is  currently the subject of a Chapter 7 Bankruptcy
proceeding  and  will  not  return  to  operations.

     Historically,  the  Company's revenue had come through commissions and fees
earned  through  marketing  clients'  products and services and the provision of
marketing  services. Based on the percentages earned per sale by the Company for
selling  its clients' relatively inexpensive items, generally under $1,000, very
high  sales  volume needed to be achieved for the Company to earn an appreciable
return.  The operation of AutoSmartUSA afforded the Company the opportunity sell
and  market  a  much  higher  per  unit cost item. The earnings potential to the
Company  was  greater expanding the AutoSmartUSA operations than if it continued
to  expand  its marketing services business. The Company's management determined
that  the  early  success  of  its AutoSmartUSA  subsidiaries warranted the full
attention   of  all   key  personnel,   including  managerial,   marketing,  web
development, etc.  In an effort to ensure the  continued growth of AutoSmartUSA,
management  began  to  curtail  its  active solicitation of additional marketing
clients  and  made  AutoSmartUSA its primary focus.  The  main factors  for this
decision  were  (i) increased sales volume attributable to selling higher dollar
cost  items;  (ii)  the applicability of the Company's Internet experience to an
expanding market; and (iii) trends in the Internet industry towards the sale and
marketing  of  durable  hard  goods.

<PAGE>
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2001

     At  this time the Company is not actively seeking new marketing clients but
will  continue  to  service  current  clients  including  processing  e-commerce
transactions  on  their  behalf.

Employees

     As  of  March  31,  2001,  the  Company had 20 employees of  which 4 are in
management  and  9  are  part-time employees.  The  Company  believes  that  its
labor  relations  are  good.  No  employee  is represented  by  a  labor  union.

Item  2.  Description  of  Property

     The  Company's  principal  executive  offices  are  located at 3163 Kennedy
Boulevard, Jersey City, New Jersey 07306 in 1,000 square feet of office space on
a month to month basis.  Verdiramo & Verdiramo, P.A., a law firm operated by the
Company's  former president, who is also the father of the current president and
the  other  partner  of  this firm is Vincent S. Verdiramo the son of Vincent L.
Verdiramo  and  the  brother  of  the  Company's  current  president, Richard J.
Verdiramo.  Although  Verdiramo  & Verdiramo, P.A. has agreed not to charge rent
and  is  not expecting payment from the Company for the office use, an amount of
$1,200 has been reflected in the financial statements as rent  expense which  is
offset  to  Paid  in Capital in the same amount for the fiscal years ended March
31, 2001 and 2000.  This is a bookkeeping entry and as such does not effect cash
flow.

     The  Company also maintains a  1,400  square  foot  office  located in Boca
Raton,  Florida on an annually renewable  lease  which expires  in May 2002. The
annual  rent  for  this  property  is  $11,400.

     AutoSmart  USA,  Inc.,  and  AutoSmart  USA  Leasing, Inc., occupy an 8,000
square  foot  facility  located  in  Pompano  Beach, Florida,  which  is  office
space  and showroom  located  on  3  acres  of land.  This  facility  is  leased
for  a  three  year  term and the current lease expires  in  February  2002  and
is  renewable  for  three  additional  terms.  The annual rent for this location
is  $72,000.

     The  Company  believes  that  its  properties  are adequate for its present
needs  and  that  suitable  space  will  be  available to accommodate its future
needs.

Item  3.  Legal  Proceedings

     The  Company  is  not  a  party  to  any  legal  proceeding.

Item  4.  Submission  of  Matters  to  Vote  of  Security  Holders

     No  matter  was  submitted  to a vote of security holders during the fourth
quarter  of  fiscal  year  2001.










<PAGE>
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2001

                                    Part  II

Item  5.  Market  for  Common  Equity  and  Related  Stockholder  Matters

     The  Company's  Common  Stock  is  traded  on  the  Pink  Sheets  under the
symbol  "IMNI".

The  following  bid  quotations  have  been  reported  for  the period beginning


                                HIGH                LOW
QUARTER  ENDED                  BID                 BID
-----------------------   ----------------    ----------------
March  31,  2000          $          0.10     $          0.10
June  30,  2000           $          0.10     $          0.07
September  30,  2000      $          0.10     $          0.05
December  31,  2000       $          0.07     $          0.05
March  31,  2001          $          0.06     $          0.05

     Such  quotations  reflect  inter-dealer  prices,  without  retail  mark-up,
mark-down  or  commission.  Such  quotes  are  not necessarily representative of
actual  transactions or of the value of the Company's securities, and are in all
likelihood  not  based  upon  any recognized criteria of securities valuation as
used  in  the  investment  banking  community.

     To  the  best of the Company's knowledge, from March 2000 to March 2001, no
broker-dealer  made  an  active market or regularly submitted quotations for the
Company's  stock,  and that during this period, there were only a de minimis and
infrequent  number  of  trades  and  de  minimis  trading  volume.  There  is no
assurance  that  an  active  trading  market  will  develop  which  will provide
liquidity for the Company's existing shareholders. The following information  is
from   the  National  Association  of  Securities  Dealers  Automated  Quotation
Service.

     As of September 27, 2001, there were 104 holders of record of the Company's
common  stock.  Certain  of the shares of common stock are held in "street" name
and  may,  therefore,  be  held  by  several  beneficial  owners.

     As  of  March 31, 2001, there were 8,315,964 shares of Common Stock issued.
Of  those  shares  3,990,264  shares  are "restricted" securities of the Company
within  the  meaning  of  Rule 144(a)(3) promulgated under the Securities Act of
1933,  as  amended,  because  such shares were issued and sold by the Company in
private  transactions  not  involving  a  public  offering.

     In  general,  under  Rule  144,  as  currently  in  effect,  subject to the
satisfaction  of  certain  other conditions, a person, including an affiliate of
the  Company  (in  general,  a  person  who  has a control relationship with the
Company) who has owned restricted securities of common stock beneficially for at
least  one  year is entitled to sell, within any three-month period, that number
of  shares  of a class of securities that does not exceed the greater of (i) one
percent  (1%)  of the  shares  of that class then outstanding or, if  the common
stock is quoted on NASDAQ,  (ii) the average weekly trading volume of that class
during the four calendar  weeks  preceding  such sale. A person who has not been
an affiliate of the Company for at least the three months immediately  preceding
the sale and has beneficially owned shares of common stock for at  least two (2)
years is entitled to  sell  such shares under  Rule 144 without regard to any of
the limitations described  above.

<PAGE>
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2001

     No  prediction  can  be made as to the effect, if any, that future sales of
shares  of common stock or the availability of common stock for future sale will
have on the market price of the common stock prevailing from time-to-time. Sales
of  substantial  amounts  of  common  stock on the public market could adversely
affect  the  prevailing  market  price  of  the  common  stock.

     The  Company  has  not  paid  a  cash  dividend  on  the common stock since
inception.  The  payment of dividends may be made at the discretion of the Board
of  Directors  of  the  Company  and  will  depend upon, among other things, the
Company's  operations,  its  capital  requirements,  and  its  overall financial
condition.

     In  August  1999,  the  Company  issued  110,000 shares of common stock for
$55,000  in  cash  under  Section  4(2)  and  Regulation S of the Act to two (2)
non-affiliated  accredited  investors.  Also  in 1999, the Company issued 65,000
shares  of common stock, under Section 4(2) of the Act, in exchange for computer
and  marketing  consulting  services  valued  at  $65,000.

     In  October  2000, the Company issued 150,500 shares of common stock, under
Section  4(2)  of  the  Act, for settlement of computer and marketing consulting
services  in  the  amount of $75,250.  The Company also issued 550,000 shares of
common stock, under Section 4(2) of the Act, for settlement of $130,000 worth of
notes  payable.  Said  stock was issued to a non-affiliated accredited investor.

     In  February  2001,  the  Company  issued 1,000,000 shares of common stock,
under  Section  4(2)  of  the  Act,  for  settlement  of  computer and marketing
consulting  services in the amount of $52,768. Regarding these issuances two (2)
were  affiliates,  five  (5)  were  non-affiliates.

Item  6.  Management's  Discussion  and  Analysis  or  Plan  of  Operation

     The  following  discussion  and analysis should be read in conjunction with
the  Financial  Statements  appearing  elsewhere  in  this  report.

RESULTS  OF  OPERATIONS

Twelve  months  ended  March  31,  2001  and  2000

During  the  twelve  month  period ending March 31, 2001, the Company incurred a
loss  of $301,890 compared to a loss of $882,555 for the same period ended March
31,  2000.  Two main components contributed to the decrease in loss from year to
year:  Gross  profit  increased  by  $211,360  to $459,172 for the twelve months
ended  March  31,  2001.  The  Company  did  not  incur any additional losses on
investment  in  temporary business acquisition for the twelve months ended March
31,  2001.

Revenues

During  the  twelve  month  period ending March 31, 2001, the Company's revenues
were  $1,833,857  compared to $870,805 for the same period ended March 31, 2000.
Revenues  are principally from services and commissions from providing marketing
plans, services related to the Internet marketing arena and sales or commissions
from the sale or lease of vehicles from dealers who have agreed to provide these
vehicles to the Company and its customers.  Revenues from marketing and Internet
related  activity are recognized when the services are completed.  Revenues from
the  sale  or  lease of vehicles are recognized when the vehicle is delivered to
the  customer.  The  increase  of  revenue from year to year is due to increased
auto  sales  from  the  Company's  wholly  owned subsidiary, AutoSmart USA, Inc.
<PAGE>
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2001

Operating  Expenses

During  the twelve months ended March 31, 2001, the Company incurred $797,011 in
operating  expenses  as  compared  to  $869,074 in the same period in 2000. This
decrease  was  primarily  driven  in  the  area  of  marketing where the Company
curtailed this  activity  due to the Company's cash constraints.  Offsetting the
decrease  were  increases  in  rent  and  payroll.

Other  Income  (Expense)

During the twelve months ended March 31, 2001, the Company recouped $40,000 from
a  $253,054  loss on  investment in  temporary business acquisition reflected at
March  31,  2000.

Material  Changes  in  Financial  Condition,  Liquidity  and  Capital  Resources

At March 31, 2001, the Company had $118 in cash and cash equivalents compared to
$10,958 for the same period in 2000.  The Company had a negative working capital
of  approximately  $181,406 at March 31, 2001 compared to a negative $34,311 for
the same period in 2000.  The Company's operations are not generating sufficient
cash  to  maintain  its  present operations.  During 2001, monthly expenses have
averaged  approximately  $40,000.  The  Company's  cash resources are determined
entirely  on  the volume of sales and services generated and we currently cannot
estimate  how  much  they  will  contribute  to  our  cash flow.  The Company is
reviewing all non-essential activities and expenditures and will be aggressively
curtailing  these  items  to  assist  in  reducing  the  cash  used in operating
activities.  To  date  we  have  reduced  our  monthly expenses to approximately
$32,000  and  expect  to  cut  them  shortly  by an additional $4,000, for a new
monthly total of approximately $28,000.  At this lower "burn rate" we believe we
can  continue  to  provide  our  current  level or operations.  If necessary, we
believe  we  can  extend  our viability up to 12 months by slashing costs to the
bone,  although  this  drastic  action  would  temporarily  reduce our operating
activities  leading  to  lower  revenues  during  such  period.

Item  7.  Financial  Statements























<PAGE>


     MARK  COHEN  C.P.A.
     1772  East  Trafalgar  Circle
     Hollywood,  Fl  33020
     (954)  922  -  6042



                         INDEPENDENT  AUDITORS'  REPORT



Board  of  Directors
Interactive  Multimedia  Network,  Inc.

We  have  audited  the  accompanying  consolidated  balance sheet of Interactive
Multimedia  Network, Inc. and subsidiaries as of March 31, 2001 and 2000 and the
related consolidated statements of income, shareholders' equity (deficiency) and
cash   flows  for   the  years  ended.   These  financial  statements   are  the
responsibility of the Company's management.  Our responsibility is to express an
opinion  on  these  financial  statements  based  on  our  audits.

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

In  our  opinion,  the financial statements referred to above present fairly, in
all  material  respects,  the  consolidated  financial  position  of Interactive
Multimedia Network, Inc. and subsidiaries as of March 31, 2001 and 2000, and the
results  of  its  operations  and  its  cash  flows for the years then ended, in
conformity  with  generally  accepted  accounting  principles.

The  accompanying  financial  statements  have  been  prepared assuming that the
Company  will  continue  as  a  going  concern.  As  discussed  in Note 5 to the
financial  statements, the Company has experienced an operating loss that raises
substantial   doubt  about  its   ability  to  continue  as  a   going  concern.
Management's plans in regard to these matters are also described in Note 5.  The
financial  statements  do not include any adjustments that might result from the
outcome  of  this  uncertainty.



/s/ Mark Cohen C.P.A.


Mark  Cohen  C.P.A.
A  Sole  Proprietor  Firm


Hollywood,  Florida
September  2,  2001





<PAGE>
INTERACTIVE MULTIMEDIA NETWORK, INC.
CONSOLIDATED BALANCE SHEETS


ASSETS
------

                                              March 31, 2001  March 31, 2000
                                              --------------  --------------

Current  Assets
     Cash  and  cash  equivalents             $         118   $      10,958
     Accounts  Receivable  - net                        -             6,350
     Inventory                                      148,571          65,470
     Other  Current  Assets                             240          28,400
                                              --------------  --------------
     Total  current  assets                         148,930         111,178
Property  and equipment, net                         92,094         112,733
Other  assets                                        15,192          15,962
                                              --------------  --------------
      TOTAL  ASSETS                           $     256,216   $     239,873
                                              ==============  ==============


LIABILITIES  AND  SHAREHOLDER'S  EQUITY
---------------------------------------

Current  Liabilities
     Accounts  payable                              167,408         117,005
     Other  current  liabilities                    162,958          28,484
                                              --------------  --------------
     Total  current  liabilities                    330,366         145,489

Other  Liabilities
   (principally related parties)                     63,956         189,819
                                              --------------  --------------

Shareholder's  Equity
      Preferred Stock, $.001 par value;
        authorized  5,000,000
        shares: issued and outstanding
        none in 2001 and 2000                           -               -
     Common Stock, $.001 par value;
       authorized 25,000,000 shares;
       issued and outstanding 8,315,964
       in 2001 and 6,615,464 in 2000                  8,316           6,615
     Paid  in  Capital                            2,190,643       1,933,126
     Subscription  Receivable                           -               -
     Common Stock options; 2,000,000
        issued  and  outstanding                    330,000         330,000
     Accumulated  Deficit                        (2,667,065)     (2,365,175)
                                              --------------  --------------
     Total  Shareholder's  Equity/(Deficit)        (138,106)        (95,434)

 TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY   $     256,216   $     239,873
                                              ==============  ==============



Read the accompanying significant accounting notes to financial statements,
which are an integral part of this financial statement.

<PAGE>
INTERACTIVE MULTIMEDIA NETWORK, INC.
CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE YEARS ENDED MARCH 31, 2001 AND 2000



                                                      Years  Ended
                                              ------------------------------
                                              March 31, 2001  March 31, 2000
                                              --------------  --------------

Revenue                                       $   1,833,857   $     870,805

Cost  of  Revenue                                 1,374,685         622,993
                                              --------------  --------------
Gross  Profit                                       459,172         247,812

Operating  expenses:
       Marketing                                    81,633          242,318
       Consulting  services                         90,750           96,800
       Rent                                        109,330           66,513
       Payroll  and  related  benefits             101,282           76,027
       Selling, general and
         administrative  expenses                  414,016          387,416
                                              --------------  --------------
Total  operating  expenses                         797,011          869,074

Loss  before  other  income  (expense)            (337,840)        (621,262)

Other  income  (expense):
       Interest  income                                -                -
       Interest  expense                            (5,927)          (8,239)
       Other  income                                 1,877              -
       Loss on investment in Temporary
         Business  Acquisition                      40,000         (253,054)
                                              --------------  --------------
Total  other  income  (expense)                     35,950         (261,293)
                                              --------------  --------------

Net  Loss                                     $    (301,890)  $    (882,555)
                                              ==============  ==============

Basic weighted average common
  shares  outstanding                             6,942,796       6,498,957
                                              ==============  ==============

Basic  Loss  per  common  share               $      (0.043)  $      (0.136)
                                              ==============  ==============











Read the accompanying significant accounting notes to financial statements,
which are an integral part of this financial statement.

<PAGE>
INTERACTIVE MULTIMEDIA NETWORK, INC.
CONSOLIDATED STATEMENT OF SHAREHOLDERS' DEFICIT
MARCH 31, 2001

<table>
                                                                                                                    Total
                      Preferred Stock      Common Stock                                   Receivable    Accum-      Shareholders'
                      ---------------  ------------------------  Paid-in      Stock       Shares          ulated    Equity/
                      Shares   Amount  Shares       Amount       Capital      Options     Subscription  Deficit     Deficit
                      ------   ------  -----------  -----------  -----------  ----------  -----------  -----------  ------------

                   <c>       <c>    <c>          <c>          <c>          <c>         <c>          <c>         <c>
Balance at
  April 01, 1999          -         -   6,440,464   $    6,440   $ 2,174,501  $  330,000  $  (656,560) $(1,482,620) $   371,761

August 1999 - Issuance
  of common stock at
  $0.50 per share for
  cash                    -         -     110,000          110       54,890          -            -            -         55,000

August 1999 - Issuance
  of common stock at
  $1.00 per share
  for  services           -         -      65,000           65       64,935          -            -            -         65,000

December 1999 - Record
  receipts and write
  off uncollectable
  subscription receivable  -       -          -            -        (30,000)         -         656,560         -        626,560

March 31, 2000 - Write
  off receivable due from
  Ansam, Inc., a related
  Party                    -       -          -           -        (332,400)         -            -           -        (332,400)

March 31, 2000 - Record
  non cash rent expense
  applied against paid
  in  capital             -       -           -           -           1,200          -            -           -          1,200

Net loss year ended
  March  31,  2000        -       -           -           -            -             -            -       (882,555)    (882,555)
                      ------   ------  -----------  -----------  -----------  ----------  -----------  -----------  ------------
Balance, ending
  March  31,  2000        -       -     6,615,464        6,615     1,933,126     330,000         -      (2,365,175)     (95,434)

October 30, 2000 -
  issuance of common
  stock for  services     -       -       150,500          151        75,100         -           -             -         75,250

October 30, 2000 -
  issuance of common
  stock in settlement
  of  notes  payable      -       -       550,000          550       129,450          -          -              -       130,000

February 15, 2001 -
  issuance of common
  stock for services      -       -     1,000,000        1,000        51,768          -          -              -        52,768

March 31, 2001 -
  Record non cash rent
  expense applied
  against paid in
  capital                 -       -           -            -           1,200         -           -              -        1,200

Net loss twelve months
  ended March 31, 2001    -       -           -            -             -           -           -         (301,890)   (301,890)
                      ------   ------  -----------  -----------  -----------  ----------  -----------  -----------  ------------
Balance, ending
  March  31,  2001        -    $   -    8,315,964   $    8,316   $ 2,190,643  $  330,000  $      -     $(2,667,065) $  (138,106)
                      ======   ======  ===========  ===========  ===========  ==========  ===========  ===========  ============
</table>








Read the accompanying significant accounting notes to financial statements,
which are an integral part of this financial statement.

<PAGE>
INTERACTIVE MULTIMEDIA NETWORK, INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEARS ENDED MARCH 31, 2001 AND 2000

                                                      Years  Ended
                                              ------------------------------
                                              March 31, 2001  March 31, 2000
                                              --------------  --------------
CASH  FLOWS  FROM  OPERATING  ACTIVITIES:
Net  Income  (Loss)                           $    (301,890)  $    (882,555)
Adjustments to reconcile net income (loss)
  to net cash used in operating activities:
     Depreciation  and  amortization                 25,239          20,577
     Issuance  of  stock  for  services             128,018          65,000
     Loss on investment in Temporary
        Business  Acquisition                           -           253,054
     Accrued interest - Shareholders loan             4,737          13,819
     Office rent applied to paid in capital           1,200           1,200
Changes in Operating assets and liabilities:
     Accounts  Receivable                             6,350          (6,350)
     Inventory                                      (83,101)        (65,470)
     Other  Current  Assets                          28,160           74,724
     Other  Assets                                      770          104,819
     Accounts Payable and Accrued Liabilities       142,777          117,242
                                              --------------  --------------
Net cash provided by (used in) operating
  Activities                                        (47,740)       (303,941)
                                              --------------  --------------
CASH  FLOWS  FROM  INVESTING  ACTIVITIES:
Purchase of Property and equipment                   (4,600)        (54,009)
Loss on writeoff of related party -
  Ansam,  Inc.                                          -          (332,400)
Loss on investment in Temporary Business
  Acquisition                                        40,000        (253,054)
                                              --------------  --------------
Net cash provided by (used in) investing
  Activities                                         35,400        (639,463)
                                              --------------  --------------
CASH  FLOWS  FROM  FINANCING  ACTIVITIES:
Proceeds  from:
  Notes payable, principally related parties          7,100             -
  Share  subscriptions  collected                       -           626,560
  Loans  from  Shareholders                          (5,600)        176,000
  Issuance  of  stock                                   -            55,000
                                              --------------  --------------
Net cash provided by (used in) financing
  Activities                                          1,500          857,560
                                              --------------  --------------
Net increase (decrease) in cash and cash
  Equivalents                                       (10,840)        (85,844)
Cash and cash equivalents, beginning
  of  period                                         10,958          96,802
                                              --------------  --------------
Cash and cash equivalents, end of period      $         118   $      10,958
                                              ==============  ==============

SUPPLEMENTAL  INFORMATION:
Issuance of shares in settlement of notes
  Payable                                           130,000

Read the accompanying significant accounting notes to financial statements,
which are an integral part of this financial statement.
<PAGE>
     INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
     NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
     FOR  THE  YEARS  ENDED  MARCH  31,  2001  AND  2000

NOTE  1  -  ORGANIZATION  AND  BASIS  OF  PRESENTATION

     Interactive  Multimedia  Network, Inc. (the "Company") was organized in the
State  of  New  Jersey  on  March  04,  1994  and reincorporated in the State of
Delaware on June 13, 1995.  The Company's primary business activity is marketing
through  multiple  media  channels  for  the  purpose  of  facilitating  on-line
purchases  of  a  variety  of  products  and  services.

     The  Company   has  two  subsidiaries:   AutoSmart  USA,  Inc.,   a  Nevada
corporation  and  AutoSmart  USA  Leasing,  Inc.,  a  Florida corporation, which
operate  in  tandem  the  vehicle  sales  operations  of  the  Company.

     Interactive  Multimedia  Network, Inc. prepares its financial statements in
accordance  with  generally  accepted  accounting  principles.   This  basis  of
accounting  involves  the   application  of  accrual  accounting;  consequently,
revenues  and  gains  are  recognized  when  earned, and expenses and losses are
recognized  when incurred.  Financial statement items are recorded at historical
cost  and  may  not  necessarily  represent  current  values.

NOTE  2  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

Principles  of  Consolidation

     The  consolidated  financial statements include the accounts of the Company
and all of its wholly-owned subsidiaries.  All significant intercompany accounts
and  transactions  have  been  eliminated  in  consolidation.  The  consolidated
financial  statements do  not  include  the accounts  of  a subsidiary  which at
December  31,  1999  filed  Chapter 7 with the Bankruptcy Courts,  since control
was  temporary.

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  revenues  and  expenses  during the
reporting  period.  Certain  amounts  included  in  the financial statements are
estimated  based on currently available information and management's judgment as
to the outcome of future conditions and circumstances.  Changes in the status of
certain facts or circumstances could result in material changes to the estimates
used  in the preparation of financial statements and actual results could differ
from  the  estimates  and  assumptions.  Every  effort  is  made  to  ensure the
integrity  of  such  estimates.

Fair  Value  of  Financial  Instruments

     The  carrying  amounts  reported  in  the  balance  sheet for cash and cash
equivalents,  accounts  receivable,  other  receivables,  accounts  payable  and
accrued  expenses  and  other  liabilities approximate fair value because of the
immediate  or  short-term  maturity  of  these  financial  instruments.

Inventories

     Inventories  are  stated  at  the lower of cost or market determined by the
LIFO  method  and  specific  identification.


<PAGE>
     INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
     NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
     FOR  THE  YEARS  ENDED  MARCH  31,  2001  AND  2000

NOTE  2  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (continued):

Property  and  Equipment:

     Property  and  equipment  are stated at cost less accumulated depreciation.
Depreciation  is  computed  using  the  straight-line  method over the estimated
useful  lives  when  the  property  and  equipment  is  placed  in  service.

                                                  Estimate  Useful  Life
                                                          (In  Years)
          Furniture  and  fixtures                             7
          Equipment  &  Vehicles  .                            5
          Computer  Equipment  &  Software                     3

     Leasehold  improvements  are amortized over their estimated useful lives or
the  estimated useful lives of the leasehold improvements, whichever is shorter.

     The  cost  of  fixed  assets  retired  or  sold,  together with the related
accumulated   depreciation,   are  removed  from  the   appropriate   asset  and
depreciation  accounts,  and  the  resulting  gain  or  loss  is included in net
earnings.  Maintenance  and  repairs  are  expensed  as  incurred.

Revenue  Recognition

     Revenues  are  principally  from  services  and  commissions from providing
marketing  plans,  services related to the internet marketing arena and sales or
commissions  from  the sale or lease of vehicles from dealers who have agreed to
provide these vehicles to the Company and its customer.  Revenues from marketing
and  internet  related  activity are recognized when the services are completed.
Revenues  from  the sale or lease of vehicles are recognized when the vehicle is
delivered  to  the  customer.

     In  December  1999,  the  Securities and Exchange Commission ("SEC") issued
Staff  Accounting  Bulletin  No.  101  ("SAB 101"), "Revenue Recognition," which
provides  guidance on the recognition, presentation and disclosure of revenue in
financial  statements  filed  with the SEC.  SAB 101 outlines the basic criteria
that  must  be  met  to  recognize  revenue and provide guidance for disclosures
related  to  revenue recognition policies.  Management believes that Interactive
Multimedia  Network, Inc.'s revenue recognition practices are in conformity with
the  guidelines  of  SAB  101.

Earnings  Per  Share  of  Common  Stock

     Earnings  (Loss)  per  common  share are calculated under the provisions of
SFAS  No.  128,  "Earnings per Share," which establishes standards for computing
and  presenting earnings per share.  SFAS No. 128 requires the Company to report
both  basic  earnings  (loss)  per share, which is based on the weighted-average
number  of  common  shares  outstanding  during the period, and diluted earnings
(loss) per share, which is based on the weighted-average number of common shares
outstanding  plus all potential dilutive common shares outstanding.  Options and
warrants  are  not  considered  in calculating diluted earnings (loss) per share
since  considering  such  items  would  have  an  anti-dilutive  effect.

Statement  of  Cash  Flows

     For  purposes  of  the  statement  of cash flows, the Company considers all
highly  liquid  instruments with original maturities of  three months or less to
be  cash  equivalents.
<PAGE>
     INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
     NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
     FOR  THE  YEARS  ENDED  MARCH  31,  2001  AND  2000

NOTE  3  -  DETAILS  OF  FINANCIAL  STATEMENT  COMPONENTS

                                                     March  31,
                                            --------------------------
Property and Equipment:                         2001          2000
                                            ------------  ------------
Furniture  and  Fixtures                    $    11,090   $    11,090
Equipment                                        17,140        20,849
Computer  Equipment                              27,663        56,816
Software                                        105,100       202,859
Website                                          53,250        53,250
Leasehold  Improvements                          11,025        11,025
                                            ------------  ------------
                                                225,268       355,889
Less: Accumulated depreciation
      and amortization                          133,174       243,156
                                            ------------  ------------
Property  and  equipment,  net              $    92,094   $   112,733
                                            ============  ============

NOTE  4  -  COMMITMENTS  AND  CONTINGENCIES

Leases:

     In  February  1999,  the  Company entered into an agreement to lease office
space for  AutoSmart USA, Inc.  The initial term of the lease is for three years
expiring  in  February 2002 with a renewal option for an additional three years.
The  monthly  base  rent  amount  is  $6,000.

NOTE  5  -  GOING  CONCERN

     The  accompanying  financial  statements  have  been  prepared assuming the
Company  will  continue  as a going concern.  The Company reported a net loss of
$301,890  and $882,555 for the years ended March 31, 2001 and 2000 respectively.
Management  anticipates that an additional investment of several million dollars
will  be  needed  to develop an effective sales and marketing program before the
organization  will generate sufficient cash flow from operations to meet current
operating  expenses  and  overhead.   Management  has  continued  to  develop  a
strategic  plan  to develop a management team, maintain reporting compliance and
seek  new  expansive  areas  in  marketing  through  multiple   media  channels.
Management  intends to seek new capital from new equity security issuances  that
will provide funds needed to increase liquidity, fund internal growth, and fully
implement  its  business  plan.

NOTE  6  -  TEMPORARY  BUSINESS  ACQUISITION

     On  January  02,  1999,  the  Company, through its subsidiary CPM Holdings,
Inc., acquired 80%  of the common stock of Contracting, Planning, and Management
Associates, Inc. ("CPM"), a wood products manufacturer located in Brentwood, New
Hampshire.  The  transaction,  which  was  to  be  accounted  for as a purchase,
involved  the  payment  of $50,000 in cash to CPM's shareholders in exchange for
stock.  As  part  of  the  transaction,  the Company obligated itself to provide
working  capital  financing of $350,000 to CPM.  As part of the acquisition, the
Company  acquired  property and equipment with a fair value of $729,119 which is
equivalent  to the book value of the assets in CPM's records.  These assets will
be  depreciated over lives of five to thirteen years.  The Company also acquired
control  of  inventory, receivables and other current assets valued at $336,454.

<PAGE>
     INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
     NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
     FOR  THE  YEARS  ENDED  MARCH  31,  2001  AND  2000

NOTE  6  -  TEMPORARY  BUSINESS  ACQUISITION  (CONTINUED)

     On  January  08,  1999, CPM (the "Debtor") filed petitions for relief under
Chapter  11 of the federal bankruptcy laws in the United States Bankruptcy Court
for the District of New Hampshire.  Under Chapter 11, certain claims against the
Debtor  in  existence  prior to the filing of the petitions for relief under the
federal  bankruptcy  laws  are  stayed  while   the  Debtor  continues  business
operations  as  Debtor-In-Possession.

     The  activities  of  the Company and CPM are not consolidated for the years
ended March 31, 2000 and 1999 since the control of CPM was never achieved due to
the  January  08,  1999  Chapter  11 filing and the subsequent conversion by the
bankruptcy  court  to  a  liquidation  under Chapter 7 of the Bankruptcy Code in
December  1999.

     Other  than  the  original investment of $50,000, the Company had loaned an
additional  $332,909  as  of  December 31, 1999.  This loan was to have interest
paid  at  8%.  No  interest  has  been  accrued  as of March 31, 2000 due to the
uncollectibility  from the court imposed liquidation of CPM.  At March 31, 1999,
the Company reduced its investment in the temporary controlled subsidiary with a
charge to loss on investments in the amount of $50,000 for the stock investment.
At March 31, 1999 the Company also reduced its notes receivable balance due from
CPM  by  $79,854  which  represented 40% of the outstanding balance.  Due to the
subsequent  conversion  by the bankruptcy court to a liquidation under Chapter 7
of  the  Bankruptcy  Code  in  December  1999,  the  Company  reduced  its notes
receivable  balance  at March 31, 2000 due from CPM to zero by charging $253,054
to  loss  on  investments since the likelihood of collection from CPM is remote.

     CPM received additional loans in the amount of $332,400 from Ansam, Inc., a
corporation  controlled  by  the  Verdiramo  family  (See  Note  7).

NOTE  7  -  RELATED  PARTY  TRANSACTIONS

     The  Company  has been involved in periodic transactions, whereby money has
been advanced to the former President of the Company and the former President of
the Company has advanced money to the Company.  As of March 31, 2001 the Company
was  obligated  to  the  former  President  for  a  total  of  $9,970.

     The Company routinely sends funds to Small Business Development Group, Inc.
a corporation owned solely by William J. Auletta.  These funds are reimbursement
of administrative expenses paid by Small Business Development Group on behalf of
Interactive Multimedia  Network,  Inc., and  are  recorded  as   expenses in the
Company's  financial  statements  when  incurred.

     Legal  services to Interactive Multimedia Network, Inc. have been performed
by Verdiramo & Verdiramo, P.A. This professional association is owned by Vincent
L.  Verdiramo,  the former President of Interactive Multimedia Network, Inc. and
his  son  Vincent  S.  Verdiramo.

    Verdiramo  &  Verdiramo,  P.A.  is  providing limited use of office space to
Interactive Multimedia  Network, Inc.  Although  Verdiramo & Verdiramo, P.A. has
agreed  not to charge rent and is not expecting payment from the Company for the
office  use,  an  amount  has been reflected in the financial statements as rent
expense with an offset to Paid in Capital in the amount of $1,200 for the fiscal
year ended March 31, 2000 and $1,200 for the fiscal year ended March 31, 2001.



<PAGE>
     INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
     NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
     FOR  THE  YEARS  ENDED  MARCH  31,  2001  AND  2000

NOTE  7  -  RELATED  PARTY  TRANSACTIONS (CONTINUED)

     In  December  1999  the  Company  loaned $332,400 to Ansam, Inc., an entity
controlled  by  the Verdiramo family.  The purpose of this loan was for Ansam to
loan  funds  to Contracting, Planning and Management Associates, Inc.("CPM"), an
entity which Interactive Multimedia Network, Inc.  acquired temporary control in
January  1999  due  to  CPM filing a petition for relief under Chapter 11 of the
federal  bankruptcy  laws in the United States Bankruptcy Court for the District
of  New  Hampshire.  In  December  1999,  the  Bankruptcy  Court  converted  the
bankruptcy  to  a liquidation under Chapter 7 of the Bankruptcy Code.  Ansam has
notified  Interactive  Multimedia  Network,  Inc. of its  inability to repay the
loan since it has not collected the funds necessary and considers the likelihood
of  collection  from  CPM  remote.  At  March 31, 2000, the entire receivable of
$332,400 due from Ansam, Inc. has been written off and treated as a write off of
uncollectible  receivable  from  affiliate  and applied against paid in capital.
During  the  fiscal year ended March 31, 2001, the Company had collected $40,000
of  the  receivable  previously  written  off.

    The  Company  has  received  loans and advances from stockholders during the
year.  These  transactions  are  in  the  form of unsecured demand loans bearing
interest  of  8%  per  annum.  The balance due at September 30, 2000 is $194,819
which  includes  approximately  $7,500  accrued  interest  on  these  loans.

NOTE  8  -  STOCKHOLDER'S  EQUITY

Preferred  Stock

     The  Company  has  5,000,000  shares of preferred stock with a par value of
$0.001,  which  to date have never been issued.  The preferred stock contains no
voting privileges and is not entitled to accrue dividends or convert into shares
of  the  Company's  common  stock.

Common  Stock

     In  August  1999,  the  Company  issued  110,000 shares of common stock for
$55,000 in cash.  Also in 1999, the Company issued 65,000 shares of common stock
in  exchange  for  services  valued  at  $65,000.

     In  October  2000,  the  Company  issued 150,500 shares of common stock for
settlement  of  services  in  the  amount  of  $75,250.  The Company also issued
550,000  shares  of  common  stock  for  settlement  of  $130,000 worth of notes
payable.

     In  February  2001, the Company issued 1,000,000 shares of common stock for
settlement  of  services  in  the  amount  of  $52,768.













<PAGE>
     INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
     NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
     FOR  THE  YEARS  ENDED  MARCH  31,  2001  AND  2000

NOTE  9  -  OPTIONS  AND  WARRANTS

     In  December  1998,  Marion  Verdiramo, a related party, returned 2,000,000
shares  of common stock to the Company as part of a capital restructuring and in
return  received  2,000,000 common stock options at $0.10 per share which can be
exercised  any  time  during  the  subsequent  three  years.  This  exchange was
believed  to  be  beneficial to the Company as it reduced its outstanding float.
These options were valued at $330,000 based upon the minimal value of the common
stock  at  the  time  of  the  options'  issuance.

     Marion  Verdiramo  has  never  been  an  employee,   officer,  director  or
independent  consultant  for  the Company.  Marion Verdiramo converted a loan to
the  Company  for  2,000,000  shares  of restricted common stock.  Subsequently,
those  shares  were  never  freed  from  restrictive  legend and returned to the
Company.

NOTE  10  -  INCOME  TAXES

     The  Company did not provide any current or deferred United States federal,
state  or  foreign  income  tax  provision  or  benefit for the period presented
because  it  has  experienced operating losses since inception.  The Company has
provided  a  full  valuation  allowance  on  the  deferred tax asset, consisting
primarily  of net operating loss carryforwards, because of uncertainty regarding
its  realizability.

NOTE  11  -  BUSINESS  SEGMENT  INFORMATION

    The  Company's  segment  information  has  been  prepared in accordance with
Financial  Accounting  Standards  Board (FASB) Statement of Financial Accounting
Standards  (SFAS)  No.  131,  "Disclosures  about  Segments of an Enterprise and
Related  Information."  Segments  were determined based on products and services
provided  by  each segment.  Accounting policies of the segments are the same as
those  described in the summary of significant accounting policies.  Performance
of  the  segments is evaluated on operating income (loss) before taxes, interest
income  or  expense  and  other  income  or  (loss).  The Company has elected to
organize  it   businesses  based   principally   upon  products   and  services.
Interactive  Multimedia  Network,  Inc. has two reportable segments:  Marketing,
including  services  related  to  the  internet  marketing  arena  and  sales or
commissions  from  the  sale  or  lease  of  vehicles.

<table>
                                         For  year  ended  March  31,  2001
                                ---------------------------------------------------------
                                Marketing and                  Corporate
                                Internet related  Vehicle      Consolidated
                                Services          Sales/Lease  and Other          Total
                                ----------------  -----------  -------------  -----------

                            <c>                <c>          <c>            <c>
Net sales to external customers $        71,000   $ 1,762,857  $        -    $ 1,833,857
Segment operating profit (loss)          22,252       (35,055)     (289,087)    (301,890)
Segment  assets                          62,337       193,878           -        256,216
Depreciation and amortization             7,636        17,604           -         25,239
Capital  Additions                          -           4,600           -          4,600
Interest  Income                            -             -             -            -
Interest  Expense                           -           1,190         4,737        5,927
Loss  on Investment of Temporary
Acquisition                                 -             -         (40,000)     (40,000)
</table>
<PAGE>
     INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
     NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
     FOR  THE  YEARS  ENDED  MARCH  31,  2001  AND  2000

NOTE  11  -  BUSINESS  SEGMENT  INFORMATION (CONTINUED)

<table>
                                         For  year  ended  March  31,  2000
                                ---------------------------------------------------------
                                Marketing and                  Corporate
                                Internet related  Vehicle      Consolidated
                                Services          Sales/Lease  and Other          Total
                                ----------------  -----------  -------------  -----------

                            <c>                <c>          <c>            <c>
Net sales to external customers $        69,284   $  801,521   $        -     $  870,805
Segment operating profit (loss)        (266,223)    (157,130)      (197,909)    (621,262)
Segment  assets                          98,496      141,377            -        239,873
Depreciation  and  amortization          10,012       10,565            -         20,577
Capital  Additions                          -         54,009            -         54,009
Interest  Income                            -            -              -            -
Interest  Expense                           -            569          7,670        8,239
Loss on Investment of Temporary
Acquisition                                 -            -          253,054      253,054
</table>

The  Company's  operations  by  geographic  area  are  as  follows:

Net  sales  to  external  customers

                  For year ended March 31,
              -------------------------------
                  2001               2000
              -----------         -----------
U.S.           $1,833,857         $   870,805
Other                 -                   -
              -----------         -----------
              $ 1,833,857         $   870,805
              ===========         ===========

Long-lived  assets

                  For year ended March 31,
              -------------------------------
                  2001               2000
              -----------         -----------

U.S.          $    92,094         $   112,733
Other                 -                   -
              -----------         -----------

              $    92,094         $   112,733
              ===========         ===========










<PAGE>
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2001

Item  8.  Changes  in  and  Disagreements  with  Accountants  on  Accounting and
Financial  Disclosure

     The  Company's  present  Auditor,  Mark  Cohen, C.P.A.  has  conducted  the
Company's audits for the fiscal years ended March 31, 2001 and 2000.  There have
been no changes in  or disagreements  with the Company's  accountants during the
period covered by this annual report.

Item  9.  Directors  and  Executive  Officers,  Promoters  and  Control Persons;
Compliance  with  Section  16(a)  of  the  Exchange  Act

     The  following  table  sets  forth  the  directors  and  executive officers
of  the  Company.

Name                           Age     Position
--------------------------     ---     ---------------------------------
Richard  J.  Verdiramo          37     Director,  President,  CEO
William  J.  Auletta            60     Director,  Vice-President,  COO

BIOGRAPHIES

     Richard  J.  Verdiramo  became  President  of the Company on March 1, 2000.
Prior  thereto,  he  served as a Vice-President from May 1996. Mr. Verdiramo has
experience  in  the  marketing  of consumer products and brand development. From
1988  through  1996,  Mr. Verdiramo was self-employed as a marketing consultant,
developing  marketing  programs  for various companies in a range of industries.
Mr.  Verdiramo  has  a  B.S.  degree  from  Providence  College.

     William  J.  Auletta  has  served  as  COO   and  Vice   President  of  the
Company since its inception. Prior thereto, he worked, as founder, president and
sole  stockholder  of  Small  Business  Development  Group,  Inc.,  a  marketing
consultancy,  from  1980  through  the  inception  of  the Company.  Mr. Auletta
attended  Fairleigh  Dickinson  University  and  Rutgers  University.

Board  of  Directors

     All  directors  of the Company hold office until the next annual meeting of
stockholders  and  until  their  successors  are  elected  and  qualified.

     The  Company's  By-Laws  eliminate  the  personal liability of officers and
directors  to  the  fullest extent permitted by Delaware Law. The effect of such
provision  is  to require the Company to indemnify the officers and directors of
the  Company  for  any  claim  arising  against  such  persons in their official
capacities if such person acted in good faith and in a manner that he reasonably
believed to be in or not opposed to the best interests of the Company, and, with
respect to any criminal action or proceeding, had no reasonable cause to believe
his  conduct  was  lawful.

     There  are  no  committees  of the Board, which acts as the full Board with
respect to any matter. No compensation is paid to any director, as such, for his
or  her  services,  but, by resolution of the Board of Directors, a fixed sum or
expense  for  actual  attendance at each regular or special meeting by the Board
may  be  authorized.





<PAGE>
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2001

Compliance  with  Section  16(a)  of  the  Exchange  Act

     Based  solely  on  a  review  of Forms 4 and 5 furnished to the Company and
filed  with  the  Securities   and  Exchange  Commission  under  Rule   16a-3(e)
promulgated under the Securities Exchange Act of 1934, the Company believes that
all  directors,  officers and beneficial owners of more than 10% of any class of
equity  securities filed on a timely basis the reports required by Section 16(a)
of  the  Exchange  Act  during  the  most  recent  fiscal  year.

Item  10.  Executive  Compensation

     The  following  table reflects compensation for services to the Company for
the  fiscal  years  ended  March  31,  2001,  2000  and  1999  of  the executive
officers.  No  other  executive  officer  of  the  Company received compensation
which  exceeded  $100,000  during  this  period.

                       SUMMARY  COMPENSATION  TABLE
ANNUAL  COMPENSATION                          LONG  TERM  COMPENSATION
--------------------------------------------  --------------------------
Name  and                                      Other      Restricted
Principal                                      Annual     Stock
Position        Year  Salary  ($)   Bonus ($)  Comp. ($)  Awards  (1)($)
--------------  ----  -----------  ----------  ---------  --------------
William  J.
 Auletta         2001  $       -0-         -0-        -0-     2,000
 COO,  VP        2000  $       -0-         -0-        -0-       -0-
                 1999  $    8,005          -0-        -0-    20,000

Richard  J.
 Verdiramo       2001  $   13,500          -0-        -0-    10,000
 VP/President(2) 2000  $   16,000          -0-        -0-       -0-
                 1999  $   25,000          -0-        -0-    20,000

(1)     In February 2001 the Board of Directors issued shares under Section 4(2)
of  the Securities Act to Messrs. Verdiramo and Auletta for services rendered to
the  Company during the fiscal year ended March 31, 2001, this award of  500,000
and  100,000 shares, respectively, was valued at 10,000 and 2,000, respectively.
In  March  1999  the Board of Directors issued shares under Section 4(2) of  the
Securities  Act  to  Messrs.  Verdiramo  and Auletta for prior services rendered
to  the  Company.  This  award  of 100,000 shares each was valued at $20,000 per
recipient.  The  value  was  determined  by  applying a 60% discount to the then
market price  of  the  Company's common shares during the same month, due to the
two  year  restriction  placed  on  these  shares  at  issuance.

(2)     Richard  J.  Verdiramo  became  president  on  March  1,  2000  prior to
which  he  served  as  Vice  President.

Item  11.  Security  Ownership  of  Certain  Beneficial  Owners  and  Management

The  table below sets forth information with respect to the beneficial ownership
of  the  Common Stock by (i) each of the directors and executive officers of the
Company,  (ii)  each  person  known by the Company to be the beneficial owner of
five  percent  or  more of the outstanding Common Stock, and (iii) all executive
officers  and  directors  as  a  group,  as  of March 31, 2001. Unless otherwise
indicated,  the  Company  believes that the beneficial owner has sole voting and
investment  power  over  such  shares.


<PAGE>
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2001

Title      Name  and  Address               Amount  and  Nature      Percent
of  Class  of  Beneficial  Owner            of Beneficial Ownership  of  Class
--------  --------------------------------  -----------------------  ---------
Common     William J. Auletta  (1)                1,315,750            15.82%
           5581 B Coach House Circle
           Boca Raton, Florida 33486

Common     Richard  J.  Verdiramo  (2)              600,000             7.22%
           3163  Kennedy  Boulevard
           Jersey City, New Jersey 07306

Common     Marion  H.  Verdiramo  (3)             3,400,930            40.89%
           3163  Kennedy  Boulevard
           Jersey City, New Jersey 07306

Common     Maria  Contini                           550,000             6.61%
           3163  Kennedy  Boulevard
           Jersey City, New Jersey 07306

Common     All Officers and Directors
           as  a  Group-  Two  Persons            1,915,750            23.04%
----------------------
(1)     1,115,750  of the shares are issued to Small Business Development Group,
Inc., a Florida Corporation of which William J. Auletta is the sole stockholder.
(2)     President  and  son  of  Marion  H.  Verdiramo
(3)     Mother  of  Richard  J.  Verdiramo.  Includes  2,000,000  currently
exercisable  stock  options.

Item  12.  Certain  Relationships  and  Related  Transactions

     The  Company  utilizes office space that is provided to it rent free by the
law  firm of Verdiramo & Verdiramo, P.A., which is owned and operated by Vincent
L.  Verdiramo,  and  Vincent  S. Verdiramo. Messrs. Verdiramo are the father and
brother  of  the  current  President, Richard J. Verdiramo. Although Verdiramo &
Verdiramo,  P.A. has agreed not to charge rent and is not expecting payment from
the Company for the office use, an amount of has been reflected in the financial
statements  as  rent  expense with is offset to Paid in Capital in the amount of
$1,200  for  the  fiscal  year  ended  March  31,  2001.

     The  CPM  Acquisition  Agreement  called for the Company to fund CPM in the
amount  of  $350,000, which it did.  Concurrently, management of the Company and
CPM  met  unsuccessfully  with multiple possible lending sources in an effort to
secure  additional  financing  for  CPM.  The  initial funds put into CPM by the
Company  were  unsecured  and  subject to the Chapter 11 Bankruptcy filing.  The
Company  determined to supply additional funds to CPM.  However, the funds could
not  be  secured  if  they  were  delivered  directly  to  CPM from the Company.
Accordingly,  under  advice of its bankruptcy counsel CPM sought and was granted
court  approval  to  obtain  secured  financing  from  an  affiliated party.  To
expedite the transfer and minimize expenses, the Company utilized Ansam Inc., an
affiliated  entity  owned  by  the Verdiramo family and controlled by Richard J.
Verdiramo,  the  President  and  CEO  of  the  Company.  Absent any other viable
alternative,  the  Company  loaned  $332,400  to  Ansam, Inc., which then passed
through  these funds directly to CPM under the direction of a court order issued
by  the Bankruptcy Court.  The court order placed Ansam's loan to CPM in a super
priority  position with the loan being collateralized by the accounts receivable
of  CPM.  Since that time, the Company has written off this loan in its entirety
due  to  management's  belief  that under CPM's Chapter 7 Bankruptcy filing, the

<PAGE>
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2001

outstanding  receivables  to  be  collected  by  the  trustee  are  likely to be
compromised  to  a  high  degree.  Additionally  the Company's loan to Ansam and
Ansam's  loan to CPM are at a rate of 8% interest. At the time of this loan, the
Company's  management  and  the  management of CPM had been unable to secure any
other form of financing for CPM. Although the Board of Directors normal practice
is  to  seek  out third party transactions unless it is "110%" more favorable to
the  Company,  in  this  case there was no other alternative but for the Company
to loan  funds  to  Ansam, under the provisions of the court order and for Ansam
to  directly  loan  such  funds  under  the  same terms and conditions including
interest rate.  The Board determined that if these funds were not loaned in this
manner in reliance  on the court order issued by the Bankruptcy Court, than  the
operations of  CPM  would  have  ceased  during the  summer of  1999.  The  full
board voted to effect  these loans, including an unaffiliated Director,  William
J. Auletta.  The Company  had  no knowledge  that  the  Court  appointed Trustee
would decide to convert  CPM's  bankruptcy filing  from Chapter 11,  which would
have  preserved the  business and  the Company's  investment,  into a  Chapter 7
filing.

     Ansam  received  no  benefit  from this transaction in any manner. Ansam is
totally  reliant on the receipt of funds from CPM to repay the funds it borrowed
from  the Company.  Ansam has no other assets nor any active business operations
from  which  to repay this loan. Ansam has notified the Company of its inability
to  repay  this  loan,  as  such  the  entire amount has been written off by the
Company.

     Ansam  received  $40,000  from  the  Trustees  handling  the estate  of CPM
and  such  funds  were  immediately  returned  to  the  Company.

                                    PART  III

Item  13.  Exhibits,  List  and  Reports  on  Form  8-K

(A)     Exhibits  required  by  Item  601                               (1)

(3)(i)    Articles  of  Incorporation, Filed with 10SB12G, August 24, 1999
(3)(ii)   Bylaws,  Filed with 10SB12G, August 24, 1999
(13)      Annual report to security holders, Form 10Q
          or  quarterly  report  to  security  holders, filed variously

          (1)  Omitted  Exhibits  not  applicable

(B)     REPORTS  ON  FORM  8-K:

    The Company filed the following reports on Form 8-K in the fiscal year ended
March 31,  2001:

August 28, 2000 - Item 4, Change in Registrant's Certifying Accountants and
                  subsequent amendments to same.










<PAGE>
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2001


                                    SIGNATURE


           In  accordance  with the requirements of the Security Exchange Act of
1934,  the  Registrant  has caused this report to be signed on its behalf by the
undersigned,  duly  authorized.


                                   INTERACTIVE  MULTIMEDIA  NETWORK,  INC.

Date:  October 3,  2001            By:    /s/  Richard J. Verdiramo
                                          ---------------------------------
                                          Richard  J.  Verdiramo,  Chairman