UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                   FORM 10-QSB


(X)  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITES  EXCHANGE
     ACT OF 1934

For the quarterly period ended                       March 31, 1999
                                                     --------------

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

For the transition period from ____________________  to _______________________


Commission File number             0-25493
                       _____________________________________


                              ACCORD VENTURES INC.
               (Exact name of registrant as specified in charter)


           Nevada                                          98-019-9141
        ----------                                         -------------
(State or other jurisdiction of                          (I.R.S. Employer
incorporation or organization)                           Identification No.)

  Suite 1 - 1224 Avenue Road
    Toronto, Ontario, Canada                                 M5N 2G6
 --------------------------------                           ----------
(Address of principal executive offices)                     (Zip Code)

                               1 - 604 - 688-3931
                     -------------------------------------
               Registrant's telephone number, including area code

         --------------------------------------------------------------
      (Former name, address, and fiscal year, if changed since last report)

         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such  reports),  Yes [X] No [ ] and ( ) has been
subject to filing requirements for the past 90 days. Yes [X] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS:


Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the last practicable date.

           Class                            Outstanding as of June 23, 1999
        ----------                           -------------------------------

Common Stock, $0.001 per share                          9,680,000





<PAGE>





                                      INDEX

<TABLE>
<CAPTION>


                                                                                            Page
PART 1.                                                                                    Number
                                                                                          --------
<S>                                                                                      <C>


  ITEM 1.           Financial Statements (unaudited)................................ ..       3

                    Balance Sheet as at March 31, 1999 ................................       4

                    Statement of Operations
                      For  the three  months  ended  March 31, 1999 and
                           for the period from September 15, 1998 (Date
                           of Incorporation) to March 31, 1999.........................       5

                    Statement of Changes in Shareholders' Equity
                      For the period from September 15, 1998 (Date of
                          Incorporation) to March 31, 1999.............................       6

                    Statement of Cash Flows
                      For the three  months  ended  March 31, 1999 and
                          for the period from September 15, 1998 (Date
                          of Incorporation) to March 31, 1999..........................       7

                    Notes to the Financial Statements..................................       8

 ITEM 2.            Plan of Operations.................................................       11


PART 11             Signatures..........................................................      12


                                        2

</TABLE>

<PAGE>



                         PART 1 - FINANCIAL INFORMATION
                 ----------------------------------------------

                          ITEM 1. FINANCIAL STATEMENTS
                 ----------------------------------------------


The  accompanying  balance sheet of Accord  Ventures Inc. (a  development  stage
company) at March 31, 1999 and the statement of operations and statement of cash
flow for the three months ended March 31, 1999 and for the period from September
15,  1998  (date of  incorporation)  to March  31,  1999  and the  statement  of
stockholders'   equity  for  the  period  from   September  15,  1998  (date  of
incorporation) to March 31, 1999 have been prepared by the Company's  management
and they do not include all  information  and notes to the financial  statements
necessary  for a complete  presentation  of the financial  position,  results of
operations,  cash flows, and  stockholders'  equity in conformity with generally
accepted accounting  principles.  In the opinion of management,  all adjustments
considered  necessary for a fair  presentation  of the results of operations and
financial  position have been included and all such  adjustments are of a normal
recurring nature.

Operating  results for the quarter  ended March 31,  1999,  are not  necessarily
indicative  of the  results  that can be  expected  for the year ending June 30,
1999.






                                       3



<PAGE>



                              ACCORD VENTURES INC.
                          (A Development Stage Company)

                                  BALANCE SHEET

                                 March 31, 1999

                      (Unaudited - Prepared by Management)


ASSETS

CURRENT ASSETS
     Bank                                                          $        310

OTHER  ASSETS
     Mining claim - Note 3                                               25,000
                                                                     -----------

                                                                   $     25,310
                                                                     ===========
LIABILITIES
      Accounts payable and accrued liabilities                     $         35
                                                                     -----------
STOCKHOLDERS' EQUITY
     Common stock
           200,000,000 shares authorized, at $0.001 par
           value, 9,680,000 shares issued and outstanding                 9,680
     Capital in excess of par value                                      40,070
     Deficit accumulated during the development stage                   (24,475)
                                                                      ----------
           Total Stockholders' Equity                                    25,275
                                                                      ----------
                                                                     $   25,310
                                                                      ==========



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


                                       4


<PAGE>


                              ACCORD VENTURES INC.
                          (A Development Stage Company)

                             STATEMENT OF OPERATIONS

          For the three months ended March 31, 1999 and for period from
            September 15, 1998 (Date of Inception) to March 31, 1999

                      (Unaudited - Prepared by Management)


<TABLE>
<CAPTION>

                                                FOR THE THREE         FROM INCEPTION
                                                 MONTHS ENDED                TO
                                                 MARCH 31, 1999        MARCH 31, 1999
                                                ---------------        ---------------
<S>                                            <C>                   <C>

SALES                                           $             -       $        -
                                                  -------------        -----------
GENERAL  AND  ADMINISTRATIVE  EXPENSES:
     Accounting and audit                              1,550                5,950
     Bank charges and interest                            19                  156
     Filing fees - Edgar system                        1,270                1,270
     Geological report                                    -                 1,657
     Incorporation costs written-off                      -                   670
     Legal                                                -                 2,500
     Office expenses                                   1,724                1,786
     Promotion and entertainment                          -                 4,881
     Transfer agent's fees                                -                 2,860
     Travel                                               -                 2,745
                                                  ------------             -------
NET LOSS                                          $    4,563             $ 24,475
                                                    ========              =======
NET LOSS PER COMMON SHARE
     Basic                                        $    0.001             $  0.002
                                                    ========               ======
AVERAGE OUTSTANDING SHARES
     Basic                                         9,680,000            9,680,000
                                                   =========             =========


</TABLE>

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


                                       5

<PAGE>


                              ACCORD VENTURES INC.
                          (A Development Stage Company)

                  STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

           For the period from September 15, 1998 (Date of Inception)
                                to March 31, 1999

                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>


                                                                                       CAPITAL IN
                                                                   COMMON  STOCK        EXCESS OF       ACCUMULATED
                                                                SHARES     AMOUNT       PAR VALUE          DEFICIT
                                                                -------    ------      -----------      ------------
<S>                                                          <C>          <C>           <C>             <C>

BALANCE SEPTEMBER 15, 1998 (date of inception)                    -        $   -       $    -             $    -

Issuance of common shares for cash at
     $0.0015 - September 21, 1998                             4,500,000      4,500        2,250                -

Issuance of common shares for cash at
     $0.002 - September 22, 1998                              5,000,000      5,000        5,000                -

Issuance of common shares for cash at
     $0.10 - October 1, 1998                                     30,000         30        2,970                -

Issuance of common shares for cash at
     $0.20 - October 15, 1998                                   150,000        150       29,850                -

Net operating loss for the period from
     September 15, 1998 to March 31, 1999                           -          -            -             (24,475)
                                                              ---------    -------     ---------         ----------
BALANCE MARCH 31, 1999                                        9,680,000    $ 9,680     $  40,070         $ (24,475)
                                                              =========    ========     =========         ========
</TABLE>




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



                                       6


<PAGE>



                              ACCORD VENTURES INC.
                          (A Development Stage Company)

                             STATEMENT OF CASH FLOWS

        For the three months ended March 31, 1999 and for the period from
            September 15, 1998 (Date of Inception) to March 31, 1999

                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>

                                                               FOR THE THREE         FROM INCEPTION
                                                                MONTHS ENDED               TO
                                                               MARCH 31, 1999        MARCH 31, 1999
                                                               --------------        --------------
<S>                                                         <C>                    <C>

CASH FLOWS FROM
     OPERATING ACTIVITIES:
     Net loss                                                  $   (4,563)              $    (24,475)
     Adjustments  to  reconcile  net  loss to net  cash
        provided  by  operating  activities:

          Increase in accounts payable                                 35                         35
                                                                 ---------                 ----------
               Net Cash from Operations                            (4,528)                   (24,440)
                                                                                            ---------
CASH FLOWS FROM INVESTING
     ACTIVITIES:
     Mineral claim                                                     -                     (25,000)
                                                                 -----------                 ---------
CASH FLOWS FROM FINANCING
     ACTIVITIES:
          Proceeds from issuance of common stock                       -                      49,750
                                                                 -----------                 ---------
     Net Increase in Cash                                           (4,528)                      310
     Cash at Beginning of Period                                     4,838                        -
                                                                  ----------               -----------
     CASH AT END OF PERIOD                                      $      310              $        310
                                                                  ===========              ===========

</TABLE>



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



                                       7

<PAGE>


                              ACCORD VENTURES INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                 March 31, 1999

                      (Unaudited - Prepared by Management)


1.       ORGANIZATION

         The Company was  incorporated  under the laws of the State of Nevada on
         September 15, 1998 with the  authorized  common  shares of  200,000,000
         shares at $0.001 par value.

         The  Company  was  organized  for the  purpose  of  developing  mineral
         properties.  As at the date of the balance sheet a mineral property has
         been acquired (Note 3).

         The Company is in the development stage.


2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         Accounting Methods
         ------------------

         The Company  recognizes income and expenses based on the accrual method
         of accounting.

         Dividend Policy
         ---------------

         The  Company  has  not  yet  adopted  a  policy  regarding  payment  of
         dividends.

         Income Taxes
         ------------

         The Company has elected a  fiscal year of June 30 but has not completed
         a full  operating  period  and  therefore  has not filed any income tax
         returns.

         Loss per Share
         --------------

         Loss  per share  amounts are  computed  based on the  weighted  average
         number  of shares actually  outstanding using the treasury stock method
         in accordance with FABS Statement No. 128.

         Cash and Cash Equivalents
         -------------------------

         The  Company considers all highly liquid  instruments  purchased with a
         maturity,  at the  time of purchase,  of less than three months,  to be
         cash equivalents.




                                       8

<PAGE>



                              ACCORD VENTURES INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                 March 31, 1999

                      (Unaudited - Prepared by Management)


2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

         Foreign Currency Translation
         ----------------------------

         The  translations  of the  Company  completed in Canadian  dollars have
         been  translated to US  dollars.  Assets and liabilities are translated
         at  the year end  exchange  rates and the  income and  expenses  at the
         average rates of exchange prevailing during the period reported on.

         Amortization of Capitalized Mining Claim Costs
         ----------------------------------------------

         The  Company  will  use  successful  efforts  method  to  amortize  the
         capitalized  costs of its mining claims which provides for capitalizing
         the  purchase  price of the project and the  additional  costs directly
         related  to providing the properties, and amortizing these amounts over
         the  life of the  mineral  deposit.  All other  costs are  expensed  as
         incurred.

         Financial Instruments
         ---------------------

         The carrying amounts of financial instruments,  including cash, prepaid
         expenses and deferred offering costs are considered by management to be
         their standard fair values. These values are not necessarily indicative
         of the  amounts  that the  Company  could  realize in a current  market
         exchange.

         Estimates and Assumptions
         -------------------------

         Management  uses  estimates  and  assumptions  in  preparing  financial
         statements in accordance with generally accepted accounting principles.
         Those  estimated  and  assumption  affect the  reported  amounts of the
         assets  and  liabilities,  the  disclosure  of  contingent  assets  and
         liabilities,  and the reported  revenues and expenses.  Actual  results
         could vary from the  estimates  that were  assumed in  preparing  these
         financial statements.


3.       MINING CLAIMS

         On September 25, 1998,  the Company  entered into a Purchase  Agreement
         with Lui  Holdings  Ltd.,  a  company  incorporated  under  the laws of
         British Columbia, Canada,



                                       9


<PAGE>




                              ACCORD VENTURES INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                 March 31, 1999

                      (Unaudited - Prepared by Management)


3.       MINING CLAIMS - CONTINUED

         whereby  it has  agreed to  acquire a mineral  claim  located in Semple
         Township in the Porcupine  Mining  District of Ontario,  Canada for the
         total  consideration  of $25,000.  The Company is required to make full
         payment  on or before  sixty  days from the date of  signing  the above
         noted Purchase Agreement; being no later than November 24, 1998.

         Upon  payment of the above noted  amount the Company will own the claim
         100% and Lui Holdings Ltd.  will have no further  rights or interest in
         the claim.


4.       RELATED PARTY TRANSACTIONS

         Related parties acquired 46.49% of the common shares issued for cash.

         The  officers  and  directors  of  the  Company  are  involved in other
         business  activities and they may, in  the future,  become  involved in
         additional  business  ventures which also  may require their attention.
         If specific business opportunities become  available,  such persons may
         face a conflict  in  selecting   between  the  Company  and their other
         business  interests.  The  Company  has  formulated  no policy  for the
         resolution of such conflicts.


5.       GOING CONCERN

         Continuation  of  the  Company  as a going  concern is  dependent  upon
         obtaining  additional working capital and the management of the Company
         has  developed  a  strategy,  which it believes  will  accomplish  this
         objective  through additional equity funding,  and long term financing,
         which will enable the Company to operate in the future.

         Management  recognizes  that,  if  it is  unable  to  raise  additional
         capital, the Company cannot operate in the future.



                                       10


<PAGE>








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

                           ITEM 2. PLAN OF OPERATIONS

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

The Company's  management  will  concentrate  its efforts on the Semple Township
property in Timmins,  Ontario  during 1999. It is the intention of management to
investigate  other mineral  properties in the future but no effort has been made
to date to identify or to negotiate the terms for acquiring  additional  mineral
properties.  Continuation  of the Company as a going  concern is dependent  upon
obtaining  additional  working  capital  either from  advances from its officers
and/or directors,  bank financing or by way of an issuance of its capital stock.
Until  financing  has been  arranged it is the  intention of the  directors  and
officers of the Company to pay for future  expenses of the Company as short term
loans.


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

The Company will need  additional  working  capital to finance its activities on
the Semple mineral claims.


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

The Company has had no operations during this reporting period.





                                       11


<PAGE>


                                   SIGNATURES


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                                            ACCORD VENTURES INC.
                                                                (Registrant)




       June 23, 1999                             /s/     "Allan Wilson"
     ------------------                      --------------------------------
          Date                             Allan Wilson - President and Director


       June 23, 1999                            /s/     "David Zosiak"
     ------------------                     ---------------------------------
          Date                            David Zosiak - Secretary Treasurer and
                                                         Director



                                       12