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              September 30, 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 Identification No.)
incorporation or organization)

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

                                1 - 416-703-5888
               --------------------------------------------------
               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 October 6, 1999
         ---------------------                ---------------------------------
    Common Stock, $0.001 per share                         9,680,000

<PAGE>
                                      INDEX

Page
PART 1.
Number
------

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

            Balance Sheet as at September 30, 1999 ..........................  4

            Statement of Operations
               For the three months ended September 30, 1999, for
               the three months ended  September 30, 1998 and for
               the period from September 15, 1998 (Date of
                 Incorporation) to September 30, 1999........................  5

            Statement of Changes in Shareholders' Equity
               For the period from September 15, 1998 (Date of
                 Incorporation) to September 30, 1999........................  6

            Statement of Cash Flows
               For the three months ended September 30, 1999, for the
               three months ended September 30, 1998 and for the period
               from  September  15,  1998  (Date  of
                 Incorporation) To September 30, 1999........................  7

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

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

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

                                       2
<PAGE>

                         PART 1 - FINANCIAL INFORMATION

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

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


The  accompanying  balance sheet of Accord  Ventures Inc. (a  development  stage
company) at September 30, 1999 and the statement of operations  and statement of
cash flow for the three months ended  September  30, 1999,  for the three months
ended  September  30, 1998 and for the period from  September  15, 1998 (date of
incorporation)  to September 30, 1999 and the statement of stockholders'  equity
for the period from September 15, 1998 (date of  incorporation) to September 30,
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 September 30, 1999, are not necessarily
indicative  of the  results  that can be  expected  for the year ending June 30,
2000.

                                       3
<PAGE>

                              ACCORD VENTURES INC.
                          (A Development Stage Company)

                                  BALANCE SHEET

                               September 30, 1999

                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>
                                                                SEPTEMBER 30,    JUNE 30,
                                                                    1999           1999
                                                                    ----           ----
<S>                                                             <C>                <C>
ASSETS

CURRENT ASSETS

     Bank                                                       $     32           $  3,267

OTHER  ASSETS

     Mineral lease - Note 3                                           --                 --
                                                                --------           --------

                                                                $     32           $  3,267
                                                                ========           ========


LIABILITIES

      Accounts payable - related party                          $  3,000           $  3,000
      Accounts payable and accrued liabilities                       800              3,006
                                                                --------           --------

                                                                   3,800              6,006
                                                                --------           --------
STOCKHOLDERS' EQUITY

     Common stock
           200,000,000 shares authorized, at $0.001 par
           value, 9,680,000 shares issued and outstanding          9,680              9,680

     Capital in excess of par value                               40,070             40,070

     Deficit accumulated during the development stage            (53,518)           (52,489)
                                                                --------           --------

           Total Stockholders' Equity                             (3,768)            (2,739)
                                                                --------           --------

                                                                $     32           $  3,267
                                                                ========           ========

</TABLE>

              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 September 30, 1999, for the three months ended
            September 30, 1998 and for period from September 15, 1998
                    (Date of Inception) to September 30, 1999

                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>
                                                                      FOR THE THREE        FOR THE THREE        FROM INCEPTION
                                                                       MONTHS ENDED        MONTHS ENDED               TO
                                                                      SEPTEMBER 30,        SEPTEMBER 30,        SEPTEMBER 30,
                                                                           1999                1998                  1999
                                                                           ----                ----                  ----
<S>                                                                   <C>                   <C>                   <C>
SALES                                                                 $       --            $       --            $       --
                                                                      ----------            ----------            ----------

GENERAL  AND  ADMINISTRATIVE  EXPENSES:

     Accounting and audit                                                     --                    --                 7,550
     Bank charges and interest                                                22                     8                   219
     Consulting                                                               --                    --                 2,339
     Filing fees - Edgar system                                              424                    --                 2,436
     Geological report                                                        --                   496                 1,655
     Incorporation costs written-off                                          --                   670                   670
     Legal                                                                    --                    --                 2,500
     Mineral lease                                                            --                    --                25,000
     Office expenses                                                         284                    --                 2,425
     Promotion and entertainment                                              --                   500                 2,881
     Transfer agent's fees                                                    --                 1,200                 3,098
     Travel                                                                   --                    --                 2,745
                                                                      ----------            ----------            ----------

NET LOSS                                                              $      730            $    2,874            $   53,518
                                                                      ==========            ==========            ==========


NET LOSS PER COMMON SHARE

     Basic                                                            $   0.0001            $    0.001            $    0.006
                                                                      ==========            ==========            ==========

AVERAGE OUTSTANDING SHARES

     Basic                                                             9,680,000             3,945,833             9,329,659
                                                                      ==========            ==========            ==========
</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 September 30, 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 September 30, 1999                       --           --                --          (53,518)

                                                             ---------    ---------         ---------        ---------
BALANCE SEPTEMBER 30, 1999                                   9,680,000    $   9,680         $  40,070        $ (53,518)
                                                             =========    =========         =========        =========
</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 September 30, 1999, for the three months ended
          September 30, 1998 and for the period from September 15, 1998
                   (Date of Inception) to September 30, 1999

                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>
                                                                FOR THE THREE       FOR THE THREE     FROM INCEPTION
                                                                MONTHS ENDED         MONTHS ENDED            TO
                                                                SEPTEMBER 30,        SEPTEMBER 30,     SEPTEMBER 30,
                                                                    1999                 1998               1999
                                                                    ----                 ----              ----
<S>                                                              <C>                   <C>               <C>
CASH FLOWS FROM
     OPERATING ACTIVITIES:

     Net loss                                                    $   (730)             $ (2,874)         $(53,518)

     Adjustments  to  reconcile  net  loss to net  cash
          provided  by  operating    activities:

          Increase in accounts payable -  related party                --                    --             3,000
          Increase in accounts payable                             (2,505)                   --               800
                                                                 --------              --------          --------

               Net Cash from Operations                            (3,235)               (2,874)          (49,718)
                                                                 --------              --------          --------

CASH FLOWS FROM INVESTING
     ACTIVITIES:

     Mineral lease                                                     --                    --
                                                                 --------              --------          --------

CASH FLOWS FROM FINANCING
     ACTIVITIES:

     Proceeds from issuance of common stock                            --                17,900            49,750
                                                                 --------              --------          --------

     Net Increase in Cash                                          (3,235)                   32

     Cash at Beginning of Period                                    3,267                    --                --
                                                                 --------              --------          --------

     CASH AT END OF PERIOD                                       $     32              $ 15,026          $     32
                                                                 ========              ========          ========

</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

                               September 30, 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 acquiring and  developing
         mineral properties.

         The Company is in the development stage.

         Since its  inception  the  Company has  completed  three  Regulation  D
         offerings of 5,180,000 shares of its capital stock.

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

         On  September  30,  1999,  the Company had a net loss carry  forward of
         $53,518.  The tax  benefit  from the loss carry  forward has been fully
         offset by a valuation reserve because the use of the future tax benefit
         is  undeterminable  since  the  Company  has  no  operations.  The  net
         operating loss will expire in 2019.

         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.


                                       8
<PAGE>


                              ACCORD VENTURES INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                               September 30, 1999

                      (Unaudited - Prepared by Management)

2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

         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.

         Amortization of Capitalized Mining Claim Costs

         Costs of acquisition,  exploration,  carrying,  and retaining  unproven
         properties  are  expensed as  incurred.  Costs  incurred in proving and
         developing  a  property  ready  for  production  are   capitalized  and
         amortized over the life of the mineral deposit or over a shorter period
         if the property is shown to have an impairment  in value.  Expenditures
         for mine equipment are capitalized  and  depreciated  over their useful
         lives.

         Environmental Requirements

         At the report date  environmental  requirements  related to the mineral
         claims  acquired  (note 3) are unknown and therefore an estimate of any
         future costs cannot be made.

         Financial Instruments

         The carrying  amounts of financial  instruments,  including  cash,  and
         accounts  payable,  are considered by management to be their  estimated
         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  estimates  and  assumptions  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.


                                       9
<PAGE>


                              ACCORD VENTURES INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                               September 30, 1999

                      (Unaudited - Prepared by Management)


3.       PURCHASE OF A MINERAL LEASE

         The Company  acquired a 16 unit metric  lease for  $25,000,  located in
         Semple Township in the Porcupine Mining District of Ontario, Canada.

         The claims  have not been  proven to have a  commercially  minable  ore
         reserve and  therefore  all costs for  exploration  and  retaining  the
         properties have been expensed.

         The claims may be retained by the Company  only upon a yearly  payment,
         or an  equal  amount  of  assessment  work,  of  $6,400cn  which is due
         starting  September  24, 2000.  The payment for  September 24, 1999 has
         been paid.

4.       RELATED PARTY TRANSACTIONS

         Related parties acquired 47% of the common shares issued for cash.

         A related  party has loaned the  Company  $3,000.  The amount  does not
         carry a due date or interest.

5.       GOING CONCERN

         The Company will need  additional  working  capital to be successful in
         its planned  activity and  therefore  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 for the coming year.


                                       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)

    October 7, 1999                     /s/     "Allan Wilson"
-----------------------                 ----------------------------------
        Date                              Allan Wilson - President and Director

    October 7, 1999                     /s/    "David Zosiak"
-----------------------                 ----------------------------------
        Date                              David Zosiak - Secretary Treasurer and
                                                                 Director