U.S. Securities and Exchange Commission
                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark  One)
[X]  Quarterly report pursuant to section 13 or 15(d) of the Securities Exchange
     Act  of  1934  for  the quarterly and six-month period ended June 30, 2001.

[ ]  Transition  report  pursuant  to  section  13 or 15(d) of the Securities
     Exchange  Act of 1934 for the transition period from _________ to _________


                          COUNTRY MAID FINANCIAL, INC.
        (Exact name of small business issuer as specified in its charter)

                        Commission file number:  0-30730

          WASHINGTON                                      34-1471323
(State or other jurisdiction                  (IRS Employer Identification  No.)
of incorporation or organization)

                             2500 South Main Street
                              Lebanon, Oregon 97355
                    (Address of principal executive offices)

                                 (541) 451-1414
                           (Issuer's telephone number)
                               ___________________

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

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

State the number of shares outstanding of each of the issuer's classes of common
equity,  as of the latest practicable date:  As of June 30, 2001, the Registrant
had  7,725,896  shares  of  Common  Stock  outstanding.

   TRANSITIONAL SMALL BUSINESS DISCLOSURE FORMAT (check one): Yes [ ]  No [X]


                                        1
<PAGE>
                PART I:     FINANCIAL STATEMENTS AND MANAGEMENT'S
                             DISCUSSION AND ANALYSIS

Item 1:  Financial  Statements

<TABLE>
<CAPTION>
                          COUNTRY MAID FINANCIAL, INC.
                           CONSOLIDATED BALANCE SHEETS
                       June 30, 2001 and December 31, 2000

ASSETS


                                 June 30, 2001    December 31, 2000
                                  (Unaudited)         (Audited)
<S>                             <C>              <C>
Current Assets
    Cash                        $        93,022  $            39,317
    Management Fee receivable            48,225               15,226
    Accounts receivable                 113,356               62,576
    Prepaid expenses                    134,989               59,682
                                ---------------  -------------------

  Total Current Assets                  389,592              176,801

Fixed Assets
    Furniture & Fixtures - Net           49,280               49,280
                                ---------------  -------------------

  Total Fixed Assets                     49,280               49,280

Other Assets
    Due from TIM                         37,800               37,000
    Due from TIM-OR                     155,607              155,607
    Due from Lessors                    138,797              145,380
    Lease Option                            650                  650
                                ---------------  -------------------

  Total Other Assets                    332,854              338,637
                                ---------------  -------------------

      TOTAL ASSETS              $       771,726  $           564,718
                                ---------------  -------------------
</TABLE>
<TABLE>
<CAPTION>
                      LIABILITIES AND STOCKHOLDERS' EQUITY



                                      June 30, 2001    December 31, 2000
                                       (Unaudited)         (Audited)
<S>                                  <C>              <C>
Current Liabilities
    Bank Overdraft                   $            0   $          109,622
    Accounts Payable, Trade                 284,462              263,148
    Accrued Payroll & Payroll Taxes         438,144              346,125
    Accrued Expenses                        253,953              158,024
                                     ---------------  -------------------

  Total Current Liabilities                 976,559              876,919

Other Liabilities
    Advances from Properties                 44,067                    0
    Notes Payable                           285,308                    0
    Due to stockholders                   1,014,695            1,032,695
                                     ---------------  -------------------

  Total Other Liabilities                 1,344,070            1,032,695

      TOTAL LIABILITIES                   2,320,629            1,909,614

Stockholder's Deficit
    Common Stock                          2,769,252            2,769,252
    Preferred Stock                         100,650              100,650
    Excess Liabilities at Inception         (60,000)             (60,000)
    Retained Deficit                     (4,358,805)          (4,154,798)
                                     ---------------  -------------------


  Total Stockholder's Equity             (1,548,903)          (1,344,896)
                                     ---------------  -------------------

      TOTAL LIABILITIES &
        STOCKHOLDER'S EQUITY         $      771,726   $          564,718
                                     ---------------  -------------------
</TABLE>


                                        2
<PAGE>
<TABLE>
<CAPTION>
                               COUNTRY  MAID  FINANCIAL,  INC.
                             CONSOLIDATED STATEMENT OF OPERATIONS

               For the Three & Six Months Ended June 30, 2001 and June 30, 2000

                                   Three Months Ended                 Six Months Ended
                              June 30, 2001   June 30, 2000    June 30, 2001    June 30, 2000
<S>                          <C>              <C>             <C>              <C>
Revenues                     $    1,433,032   $      994,472  $    2,562,993   $    1,640,700
Operating Costs
  Lease payments                    368,972          211,482         724,897          374,902
  Direct costs                      730,999          442,538       1,367,351          766,188
  Administrative costs              130,101           75,132         223,488          112,477
Total Operating Costs             1,230,072          729,152       2,315,736        1,253,567
Gross Profit                        202,960          265,320         247,257          387,133
Expenses
  Payroll and payroll taxes         122,068          113,587         246,168          198,521
  Professional Fees                  65,716           52,782         129,892          123,218
  General &
  Administrative                     36,020           39,932          75,204           72,957
Total expenses                      223,804          206,301         451,264          394,696
Net (Loss)/Profit                   (20,844)          59,019        (204,007)          (7,563)
Primary Loss per share                 0.00             0.01           (0.03)            0.00
Diluted Loss per share                 0.00             0.01           (0.03)            0.00
Weighted average number of
common shares outstanding         7,725,896        7,725,896       7,725,896        7,725,896
</TABLE>


                                        3
<PAGE>
<TABLE>
<CAPTION>
                          COUNTRY MAID FINANCIAL, INC.
                      Consolidated Statement of Cash Flows
              For Six Months Ended June 30, 2001 and June 30, 2000


CASH  FLOWS  FROM  OPERATING  ACTIVITIES

                                             June 30, 2001    June 30, 2000
<S>                                         <C>              <C>
Cash Flows from Operating Activities
 Net Income from Operations                 $     (204,007)  $       (7,563)
 Changes in assets and liabilities
   Prepaid expenses and other                     (184,929)         (53,545)
   Accounts payable                                 21,314          130,444
   Accrued payroll and payroll taxes                92,019           32,456
   Receivables                                     (50,780)               0
   Management fees                                 (32,999)         (21,377)
   Accrued expenses                                 95,929                0
Net cash flow from operating activities           (263,453)         (80,415)
Cash flows from investing activities
  Advance from Properties                           44,067           16,092
  Due to Stockholders                              (18,000)               0
  Due from TI                                         (800)               0
  Due from Lessors                                   6,583                0
Total Cash Flows from Investing Activities          31,850           16,092
Cash Flows from Financing Activities
 Notes Payable                                     285,308                0
 Issuance of Preferred Stock                             0          100,000
Total Cash Flows from Financing Activities         285,308          100,000
Net Cash Flows                                      53,705          196,507
Cash Balance Beginning                              39,317                0
Cash Balance Ending                                 93,022          196,507
</TABLE>


                          COUNTRY MAID FINANCIAL, INC.
              Notes To Unaudited Consolidated Financial Statements

Note  1.  Basis  of  Presentation

     The  accompanying  unaudited  consolidated  financial  statements have been
prepared in accordance with the instructions to Form 10-QSB and therefore do not
include all disclosures necessary for a fair presentation of financial position,
results  of  operations,  and  cash  flows in conformity with generally accepted
accounting  principles.  The unaudited consolidated financial statements include
the  accounts  of  the  Company. Significant intercompany transactions have been
eliminated  in the accompanying unaudited consolidated financial statements. The
operating  results  for interim periods are unaudited and are not necessarily an
indication  of  the  results  to  be  expected  for the full fiscal year. In the
opinion  of  management,  the  financial  statements  reflect  all  adjustments
(consisting  only  of  normal  recurring adjustments), which are necessary for a
fair  presentation  of  operating  results.


                                        4
<PAGE>
Note  2.  Per  Share  Information

Basic  earnings  per  share  is  computed by dividing income available to common
shareholders  by the weighted average number of common shares outstanding in the
period.  Diluted  earnings  per  share  takes  into  consideration common shares
outstanding  (computed  under basic earnings per share) and potentially dilutive
common  shares.

Item  2.     Management's  Discussion  and  Analysis  of Financial Condition and
Results  of  Operation

Statement  of  Forward-Looking  Information

     This  discussion  and  analysis  should be read together with the Company's
condensed  financial  statements  and  related notes appearing in Item 1, above.
This  report  contains  both  objective  historical  information  and subjective
"forward-looking  statements"  that are subject to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995, and bear certain risks and
uncertainties  that  could  cause actual results to differ materially from those
projected.  Generally,  forward-looking  statements  are  prefaced by the words:
"believe,"  "expect," "intend," "anticipate," and similar expressions; but their
absence  does not mean that a statement is not forward-looking. Numerous factors
both  within and outside the Company's control could affect the Company's actual
results.  These  risk  factors,  among  others,  could  cause  results to differ
materially  from  those  presently  anticipated  by  the  Company.  Readers  are
cautioned not to place undue reliance on these forward-looking statements, which
speak  only  as of the date of this report. The Company undertakes no obligation
to  publicly  release  the  results  of  any  revisions to these forward-looking
statements that may be made to reflect events or circumstances after the date of
this  report  or  to  reflect  the  occurrence  of  anticipated  events.

General

     Country  Maid Financial ("CMF" or "the Company"), a Washington corporation,
incorporated  in  1984,  manages  and  maintains twenty motel properties located
throughout  the  United  States,  through  its  subsidiary,  Territorial  Inns
Management,  Inc. a Nevada corporation ("TIM"). Currently, CMF operates in eight
states:  Florida,  Georgia,  Illinois,  Kansas, Texas, Washington, Missouri, and
Iowa.  The  Company  plans  to  significantly expand its operations by obtaining
additional  motel  operating leases throughout the United States and Canada, and
has  undertaken  a  plan  to  lease  a number of economy-scale motels from motel
owners  with options to purchase the motels at their current values. The Company
is  confident  that  these motel properties can be operated at a significant net
profit.

     Since its inception, CMF has continually sought to maximize its revenues by
increasing  the  number  of  properties  under its management, delivering fairly
priced  and  high-quality  motel services to its guests, and hiring experienced,
talented,  and  personable on-site managers and staff to manage and maintain the
properties  under  its control. Additionally, CMF's policy of combined leasehold
ownership  and  property  management  allows  CMF to control the entire scope of
property  management,  thereby  increasing  the  individual  motels'  level  of
operating  efficiency.  The  combined  impact  of  CMF's management policies has
yielded  numerous  competitive  advantages  over  industry competitors who limit
their  activities  to  either  property  management  or  leasehold  ownership.


                                        5
<PAGE>
Franchising  Activities

     Eleven  of  the  twenty  properties  in  CMF's portfolio are national motel
franchises.  Two  belong  to  the  "Select Inns" chain, and nine are "Best Inns"
franchises.  This  arrangement  has  two  primary  advantages:  First,  name
recognition.  Second,  standardized  quality.  The  combined  impact  of  these
advantages  is  to  increase  the  occupancy rates of the properties under CMF's
management,  and  to,  thereby  increase  CMF's  overall  profitability

The  Company's  Portfolio

     Long-Term  Leased  Properties

     Southfork  Motel.  Effective July 1, 1999, the Company entered into a Lease
Agreement  with  Option  to  Purchase the Southfork Motel located in Bloomfield,
Iowa. The lease provides for monthly lease payments calculated at twenty-percent
(20%)  of the gross revenue of the motel. The lease grants the Company an option
to  purchase  the  property at the price of $650,000 exercisable only during the
last  sixty  (60)  days  of  the fourth five-year term of the lease. The Company
agreed  to grant 650 shares of Class C Preferred Stock, without dividend, valued
at  a  Subscription  Price  of $130,000, convertible to the same value of common
stock  twelve  months  from  the  date  of  issuance.

     The  Southfork  motel  currently  subleases  the  on-site  restaurant  to a
third-party  and  the  Company  has  assumed  all  rights and obligations of the
sublease.  The  Company  receives  $1,200  in  monthly  rental payments that are
included  as part of the gross revenue of property used to calculate the monthly
lease  payments  payable  to  the  motel  owner.

     Best Inns. On or about November 9, 1998, the Company and Best Inns, Inc., a
Kansas corporation ("Best Inns Kansas"), executed a Letter of Intent, which sets
forth  the  terms  for the Company to lease with an option to purchase nine Best
Inns  motel  properties.  The  terms  of  the  Letter of Intent provide that the
Company  will  receive  the gross revenue generated by the properties and pay to
Best  Inns  a  fixed annual lease payment of $1,980,000 payable monthly, and the
Company  has  an  option  to  purchase  the  properties  for the total amount of
$24,000,000.  As  consideration  to  Best  Inns  for the option to purchase, the
Company  agreed  to  issue  securities of the Company with an aggregate value of
$3,000,000.

     On  March  1,  1999,  the  previous  management  company  of  the Best Inns
properties  voluntarily  resigned  from their duties and the Company assumed the
operation  of  the  nine  Best Inns properties on a straight management basis of
five  percent  (5%)  of  the  gross  revenue  to  the  Company. Best Inns Kansas
proceeded  with  litigation  in  the Southern District of Illinois Federal Court
against  the  former  management  company  for  unsatisfactory management of the
properties.  The  case  was settled and dismissed on April 11, 2000. The Company
intends  to  continue the management of the nine (9) Best Inns based on the oral
agreement  effective March 1, 1999. The Company does not plan to close the lease
transaction  until  the  litigation  matter  is  resolved.

     Properties  under  Management  Agreements

     The  Company  operates  six other motel properties and an apartment complex
under  individual management agreements, which set the management fee at a fixed
percentage,  generally  five percent (5%) of the gross revenue received from the
property.  The  motel  owners are obligated to pay all expenditures with limited
authority  to  the Company to pay recoverable expenditures on the owners' behalf
up  to  an  amount  of  $5,000  per  month.

     The  Company believes that its strategy of obtaining motel operating leases
with purchase options will enable it to increase the number of properties in its
portfolio,  and  that  the  combined  effect  of  this  growth  strategy and the
Company's  strong  management  group  will  enable  it  to  increase  its market
penetration  into  the  motel  operating  industry.


                                        6
<PAGE>
Other  Financial  Arrangements

     Effective September 1, 2000, C. Richard Kearns, the Company's Chairman, and
John C. Moneymaker, one of the Company's directors, formally executed a personal
Stock  Pledge Agreement in which Mr. Kearns agreed to pledge 2,500,000 shares of
his  personal  CMF  common  stock  to  Mr.  Moneymaker  in return for a personal
guarantee  by  Mr.  Moneymaker  of  certain  debt  obligations of CMF related to
property  located in Borger, Hutchison County, Texas, known as the Borger Motel.
Because  this  is  a  personal  agreement between Messrs. Kearns and Moneymaker,
entered  into between these parties as individuals and not as corporate officers
of  the Company, this agreement can only affect the parties' respective holdings
in  the  Company.

Results of Operation - Three and Six Months Ended June 30, 2001 Compared to Same
Period  in  2000

     Revenues. Revenues for the three-month periods ended June 30, 2000 and June
30,  2001  increased from $994,472 to $1,433,032, respectively. Revenues for the
six  months  ended  June 30, 2000 and June 30, 2001 increased from $1,640,700 to
$2,562,993  respectively.  During the three and six month periods ended June 30,
2001, the Company's revenue was generated by its property-leasing and management
activities.  The  increase  in  gross  revenue  during  the three and six months
periods  ending  June 30, 2001, compared to the same period in the prior year is
attributable primarily to The increase in gross revenue during the three and six
month  periods  ending  June 30, 2001, compared to the same periods in the prior
year  is  attributable  primarily  to  an  increase  in  properties under lease.

     Labor  and  Benefits  Expenses.  This category comprises all internal labor
costs  including: salaries, taxes and employee benefits. The Company's labor and
benefits  expenses  for  the three-month period ended June 30, 2000 and June 30,
2001  increased  from  $113,587 to $122,068, respectively. During the six months
ended  June  30,  2000  and  June  30,  2001,  the  Company's labor and benefits
expenses,  as  evidenced by payroll and payroll taxes increased from $198,521 to
$246,168,  respectively.  The  increase  in labor and benefits expenses from the
second  quarter  and the first six months of 2001 compared to the same period in
2000  was  directly attributable to an increase in costs associated with leasing
and managing CMF's various properties. At June 30, 2001, the Company had 80 full
time  employees  and  67  part-time employees engaged in administration, on-site
operations,  and  property  management.  In addition, from time to time, CMF may
hire  additional  independent consultants or contractors to support its property
management  and  administrative organizations. Moreover, CMF may hire additional
staff,  as  needed,  to meet the demands of the Company's management and leasing
operations.

     General  and  Administrative  Expenses. General and administrative expenses
for the three-month periods ended June 30, 2000 and June 30, 2001 decreased from
$39,932 to $36,020 respectively. General and Administrative Expenses for the six
months  ended June 30, 2000 and June 30, 2001 increased from $72,957 to $75,204,
respectively.  In  each  period, these expenses consisted primarily of the costs
associated  with  purchasing supplies, property management, facility renovation,
human resources, employee training, advertising and marketing costs, and general
administrative  costs.  This  decrease  was  due  to  a decrease in these costs.

     Net Profit/Loss. CMF recognized a net loss for the three-month period ended
June 30, 2001 of $20,844 compared to a net profit of $59,019 for the same period
in  2000. The Company recognized a net loss of $204,007 for the six-month period
ended  June  30, 2001, as compared with a net loss of $7,563 for the same period
in  2000. The change in net loss reflected in the three month period ending June
30,  2001  and  the  net  profit  in  June  30, 2000, and the change in net loss


                                        7
<PAGE>
reflected  in  the  six month periods ending June 30, 2001 and June 30, 2000 was
due  to  the  slowing  economy  resulting in diminished occupancy, and therefore
reducing  management  fees  and  total  property  revenue.

     Liquidity and Capital Resources. At June 30, 2001, the Company had cash and
cash equivalents of $389,592 as compared to $330,035for the same period in 2000.
In  the  first  six  months of 2001, total cash used in operating activities was
$263,453, which was primarily due to property management and operating expenses.
During the first six months of 2001, total cash used by operating and management
activities  was $263,453 as compared to $80,415 in the first six months of 2000,
which  was  primarily  due  to  expenses  derived  from the Company's management
activities.  During  the  first six months of 2000 and 2001, the total cash flow
from  investing  activities was $16,092 and  $31,850 respectively, from advances
from  properties.

Miscellaneous  Accounting  Information

     Statement  of  Financial  Standards  No.  133 ("SFAS 133"), "Accounting for
Derivative  Instruments  and  Hedging  Activities,"  established  accounting and
reporting  standards for derivative instruments and for hedging activities. SFAS
133 has no impact on the Company's financial statements because the Company does
not  currently  engage  in  any  derivatives  or  hedging  activities.

     Statement  of  Financial Standards No. 134, "Accounting for Mortgage-Backed
Securities  Retained after the Securitization of Mortgage Loans Held for Sale by
a  Mortgage  Banking  Enterprise,"  does  not  apply  to  the  Company.


                         PART II.     OTHER INFORMATION

Item  1.     Legal  Proceedings

     The  Company  may  become  from  time  to time, subject to claims and suits
arising  in  the  ordinary course of the Company's business. In certain actions,
plaintiffs  request  punitive  or  other  damages  that  may  not  be covered by
insurance.  In  2001,  Tubeart Display, Inc. ("Tubeart") filed two suits against
TIM  stemming  from an alleged default by TIM on two rental agreements allegedly
entered  into  between  Tubeart  and  TIM  in 1996 for two properties in Yakima,
Washington  and  Kennewick,  Washington.  Both  suits  settled for approximately
$15,000,  collectively.  The  Company does not believe that this settlement will
materially  affect  its  investors.

Item  2.     Changes  in  Securities  and  Use  of  Proceeds

     None.

Item  3.     Defaults  upon  Senior  Securities

     None.

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

     None.

Item  5.  Other  Information.

     None.

Item  6.     Exhibits  and  Reports  on  Form  8-K

(a)  Exhibits.

     All  of  the  Exhibits  listed below are incorporated by reference from the
Company's  Form  10  Registration Statement that became effective on November 8,
2000.  No  reports  on  Form  8-K were filed during either the fiscal year ended
December  31,  2000  or  during  the  three  month  period ended March 31, 2001.

                                  EXHIBIT INDEX

Exhibit No.   Description
-----------   -----------

3.1          Restated  Articles  of  Incorporation

3.2          Bylaws

4.1          Specimen  Common  Stock  Certificate

4.2          Certificate  of  Designation  of Preferred Stock dated May 10, 1999

10.1         Form  of Management Agreement of Territorial Inns Management, Inc.
             (Schedule  of  Properties)

10.2         Form  of  Property  Management  Agreement  of  Territorial  Inns
             Management,  Inc.  (Schedule  of  Terms  of  Agreements)

10.3         Stock  Purchase  Agreement  dated  September  30,  1998  between
             Country  Maid  Financial,  Inc.  and  Shareholders  of  Territorial
             Inns Management,  Inc.

10.5         Office  Lease  Agreement  dated  December  20,  1999,  between
             Hanlin  and  Weathers  and  Territorial  Inns  Management,  Inc.

(b)     Reports  on  Form  8-K.

     None.

                                        8
<PAGE>
                                   SIGNATURES

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

                                        COUNTRY  MAID  FINANCIAL,  INC.


Dated:  August 14, 2001                 By:  /S/ C.  RICHARD  KEARNS
                                            -----------------------
                                            C.  RICHARD  KEARNS
                                            Chief  Executive  Officer

                                        9
<PAGE>

                               ACCOUNTANT'S REPORT
                                THOMAS J. HARRIS
                           CERTIFIED PUBLIC ACCOUNTANT
                          3901 STONE WAY N., SUITE 202
                               SEATTLE, WA  98103
                                  206.547.6050

                                 August 10, 2001

Board  of  Directors
Country  Maid  Financial,  Inc.
Lebanon,  Oregon

We have reviewed the accompanying Balance Sheets of Country Maid Financial, Inc.
as of June 30, 2001 and 2000 and the related statements of Income, Shareholders'
Equity,  and  Cash  Flows for the six month & three month periods then ended, in
accordance  with  Statements  for  Accounting  and Review Services issued by the
American Institute of Certified Public Accountants.  All information included in
these  financial  statements  is the representation of the management of Country
Maid  Financial,  Inc.

A  review  consists principally of inquiries of company personnel and analytical
procedures applied to financial data.  It is substantially less in scope than an
audit in accordance with generally accepted auditing standards, the objective of
which  is  the expression of an opinion regarding the financial statements taken
as  a  whole.  Accordingly,  we  do  not  express  such  an  opinion.

Based  on our review, we are not aware of any material modifications that should
be  made  to  the  accompanying  financial statements in order for them to be in
conformity  with  generally  accepted  accounting  principals.



August  10,  2001



                                       10
<PAGE>