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  period  ended  March  31,  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 March 31, 2001, the Registrant
had  7,725,896  shares  of  Common  Stock  outstanding.

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


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

Item  1:     Financial  Statements


                          COUNTRY MAID FINANCIAL, INC.
                           CONSOLIDATED BALANCE SHEETS
                      March 31, 2001 and December 31, 2000

                                     ASSETS


                                 March 31, 2001    December 31, 2000
                                  (Unaudited)          (Audited)
<S>                             <C>               <C>
Current Assets
     Cash                             $        0           $   39,317
     Management Fee receivable            23,781               15,226
     Accounts receivable                 134,955               62,576
     Prepaid expenses                     85,644               59,682
                                        --------             --------
  Total Current Assets                   244,380              176,801

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

Other Assets
     Advance to Properties                63,162                    0
     Due from TI                          37,000               37,000
     Due from TIM-OR                     155,607              155,607
     Due from Lessors                     86,305              145,380
     Lease Option                            650                  650
                                        --------             --------
  Total Other Assets                     342,724              338,637
                                        --------             --------
      TOTAL ASSETS                    $  636,384           $  564,718
                                        ========             ========
</TABLE>


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<PAGE>
<TABLE>
<CAPTION>
                      LIABILITIES AND STOCKHOLDERS' EQUITY

                                    March  31, 2001    December 31, 2000
                                      (Unaudited)         (Audited)

<S>                                  <C>               <C>
Current Liabilities
    Bank Overdraft                      $     97,360   $   109,622
    Accounts Payable, Trade                  223,628       263,148
    Accrued Payroll & Payroll Taxes          342,399       346,125
    Accrued Expenses                         220,715       158,024
                                         -----------     ----------
  Total Current Liabilities                  884,102       876,919

Other Liabilities
    Notes Payable                            289,047             0
    Due to stockholders                    1,032,695     1,032,695
                                         -----------     ----------
  Total Other Liabilities                  1,321,742     1,032,695

      TOTAL LIABILITIES                    2,205,844     1,909,614

Stockholder's Deficit
    Common Stock                           2,769,252     2,769,252
    Preferred Stock                          100,000       100,000
    Excess Liabilities at Inception          (60,000)      (60,000)
    Retained Deficit                      (4,379,362)   (4,154,798)
                                         -----------     ----------

  Total Stockholder's Equity              (1,569,460)   (1,344,896)
                                         -----------     ----------
      TOTAL LIABILITIES &
        STOCKHOLDER'S EQUITY            $    636,384   $   564,718
                                         -----------     ----------
</TABLE>


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<PAGE>
<TABLE>
<CAPTION>
                         COUNTRY  MAID  FINANCIAL,  INC.
                      CONSOLIDATED STATEMENT OF OPERATIONS
          For the Three Months Ended March 31, 2001 and March 31, 2000

                         Three  Months  Ended    Three  Months Ended
                             March 31, 2001        March 31, 2000
                              (Unaudited)           (Unaudited)
<S>                         <C>               <C>
Revenues                      $   1,129,961       $   646,228
Operating Costs
  Lease payments                    355,925           163,420
  Direct costs                      636,352           323,650
  Administrative costs               93,387            37,345
Total Operating Costs             1,085,664           524,415
Gross Profit                         44,297           121,813
Expenses
  Payroll and payroll taxes         105,703            70,084
  Professional Fees                  77,076            70,436
  General & Administrative           86,082            47,875
Total expenses                      268,861           188,395
Net Loss                           (224,564)          (66,582)
Primary Loss per share                (0.03)            (0.01)
Diluted Loss per share                (0.03)            (0.01)
Weighted average number of
common shares outstanding         7,956,928         7,956,928
</TABLE>


<TABLE>
<CAPTION>
                          COUNTRY MAID FINANCIAL, INC.
                      Consolidated Statement of Cash Flows
             For Three Months Ended March 31, 2001 and March 31, 200


                                             March 31, 2001    March 31, 2000
                                              (Unaudited)       (Unaudited)
<S>                                         <C>               <C>
Cash Flows from Operating Activities
 Net Income from Operations                     $  (224,564)       $  (66,582)
 Changes in assets and liabilities
  Prepaid expenses and other                        (38,224)          (85,298)
  Accounts payable                                  (39,520)          123,248
  Accrued payroll and payroll taxes                  (3,726)           19,120
  Receivables                                       (72,379)                0
  Management fees                                    (8,555)           12,384
  Accrued expenses                                   62,691                 0
Net cash flow from operating activities            (324,277)            2,872
Cash flows from investing activities
  Advance to Properties                             (63,162)           34,967
  Due from Lessors                                   59,075                 0
Total Cash Flows from Investing Activities           (4,087)           34,967
Cash Flows from Financing Activities
 Notes Payable                                      289,047                 0
 Issuance of Preferred Stock                              0           100,000
Total Cash Flows from Financing Activities          289,047           100,000
Net Cash Flows                                      (39,317)          137,839
Cash Balance Beginning                               39,317                 0
Cash Balance Ending                                       0           137,839
</TABLE>


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<PAGE>
                          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 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 results of operations as reported
for  the  interim  period  reflect all adjustments that are necessary for a fair
presentation  of  operating  results.

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 our condensed
financial statements. 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 our control could
affect our actual results. These risk factors, among others, could cause results
to  differ  materially  from  those  presently  anticipated  by  us. Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as of the date of this report. We undertake 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  (the  "Company"),  a  Washington  corporation,
incorporated  in  1984,  manages and maintains eighteen motel properties located
throughout  the  United  States,  through  its  subsidiary,  Territorial  Inns
Management  ("TIM").  Currently,  the Company operates in eight states: Florida,
Georgia,  Illinois,  Iowa,  Kansas,  Missouri, Texas and Washington. 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 option to
purchase  the  motel  at  its current value. The Company is confident that these
motel  properties  can  be  operated  at  a  significant  net  profit.

     Since  its  inception,  the  Company 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


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its  guests,  and  hiring experienced, talented, and personable on-site managers
and staff to manage and maintain the properties under its control. Additionally,
the  Company's  unique  policy  of  combined  leasehold  ownership  and property
management  allows  the  Company  to  control  the  entire  scope  of  property
management,  thereby  increasing  the  individual  motels'  level  of  operating
efficiency. The combined impact of the Company's management policies has yielded
numerous  competitive  advantages  over  industry  competitors  who  limit their
activities  to  either  property  management  or  leasehold  ownership.

Franchising  Activities

     Eleven  of  the  twenty  properties in the Company'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 the
Company's  management,  and  to,  thereby  increase  the  Company'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.

     Properties  under  Management  Agreement

     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.

     We  believe  that  our  strategy  of  obtaining motel operating leases with
purchase  options  will  enable  us  to increase the number of properties in our
portfolio,  and  that the combined effect of this growth strategy and our strong
management  group  will  enable  us  to increase our market penetration into the
motel  operating  industry.


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<PAGE>
Recent  Acquisitions

     On  January  8, 2001, the Company announced that TIM had recently completed
leases  with  options  to  purchase two lodging properties from True Vision Co.,
LLC,  an  Oregon  limited  liability  company,  and  its affiliates. The Company
believes  each  of  these  lodging  facilities  to be valued at $2,000,000. Both
facilities  will  be  operated  and managed by TIM. The first facility is a Best
Western  Hallmark Inn in Lawrence, Kansas, with 60 economy-scale rooms, that the
Company believes will add an additional $700,000 per year in revenue. The second
facility, which consists of 95 rooms, is the Select Inn in Joplin, Missouri. The
Company  predicts  the  second  facility  to  yield  annual  gross  revenues  of
approximately  $800,000.

     On  January  29,  2001, the Company announced that TIM had completed leases
with options to purchase two Texas lodging properties. The first property, which
was  leased with an option to purchase from True Vision Plainview I, LLC and its
affiliates,  is the Best Western Conestoga Inn in Plainview, Texas, which has 82
economy-scale  rooms,  The  Company  believes  this  property  to  be  valued at
$3,000,000.  The  second  facility, consisting of 82 rooms, is the Fort Stockton
Super  Eight  Motel in Fort Stockton, Texas. The Company values this facility at
$1,100,000.  The  Company  intends to operate and manage both facilities through
TIM.

Results  of  Operation  -  Three  months  ended March 31, 2001 Compared to three
months  ended  March  31,  2000.

     Revenues.  Revenues  for  the  three-month periods ended March 31, 2000 and
March  31, 2001 increased from $646,228 to $1,129,961, respectively.  During the
three-month  period  ended  March  31,  2001,  our  revenue was generated by our
property-leasing and management activities. The increase in gross revenue during
the three-month period ending March 31, 2001, compared to the same period in the
prior  year  is  attributable  primarily  to  a decrease in management costs and
leasing  expenses.

     Labor  and  Benefits  Expenses.  This category comprises all internal labor
costs  including: salaries, taxes, employee benefits, and all other direct costs
related  to  Company  performance,  including  labor  costs,  supplies and other
miscellaneous  related  expenses.  Our  labor  and  benefits  expenses  for  the
three-month  period  ended  March  31,  2000  and  March 31, 2001 increased from
$70,084  to  $105,703,  respectively.  The  fluctuation  in  labor  and benefits
expenses  from  the first quarter of 2000 compared to the same period in 2001was
directly  attributable  to  an  increase  in  costs  associated with leasing and
managing  the  Company's  various properties. At March 31, 2001, we had thirteen
full time employees and seventeen part-time employees engaged in administration,
on-site operations, and property management. In addition, from time to time, the
Company  may  hire  additional independent consultants or contractors to support
its  property management and administrative organizations. Moreover, we may hire
additional  staff,  as needed, to meet the demands of our management and leasing
operations.

     General  and  Administrative  Expenses. General and administrative expenses
for  the  three-month  periods ended March 31, 2000 and March 31, 2001 increased
from $47,875 to $86,082 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 management and administrative costs. This increase
was  due  to  an  increase  in  these  costs.

     We  believe  that  our  general and administrative expenses may increase in
dollar  amount  for  the  remainder of fiscal 2001 as a result of an anticipated
expansion  of  our  operations.

     Net  Loss.  The  Company  recognized  a net loss for the three-month period
ended  March  31, 2001 of $(224,564) compared to a net loss of $(66,582) for the
same  period  in  2000.  The  change  in  net  loss


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reflected  in  the three-month  period  ending March 31, 2001 and March 31, 2000
reflected  shifting  property  management  and  administrative  costs.

     Liquidity  and  Capital  Resources. At March 31, 2001, the Company had cash
and cash equivalents of $(97,360). In the first three months of 2001, total cash
used in operating activities was $(324,277), which was primarily due to property
management  and  operating  expenses.   The  Company  did  expend  capital  for
investing  activities  during  the  first  three  months  of  2001.

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 our financial statements because we do 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  us.

                         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 our business. In certain actions, plaintiffs
request punitive or other damages that may not be covered by insurance. On March
23,  2001,  Tubeart Display, Inc. ("Tubeart") filed suit against TIM for payment
of  $11,046.60  plus  attorney fees stemming from an alleged default by TIM on a
Rental  Agreement allegedly entered into between Tubeart and TIM on November 26,
1996.  No  disposition  has been reached in this case. However, the Company does
not  believe  that  the  outcome  of  this litigation 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


                                       8
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(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 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.

10.4         Office Lease Agreement dated October 1, 1998, between Country
             Maid Financial, Inc. and C. Richard Kearns and Dixie Kearns.

(b)     Reports  on  Form  8-K.

        None.

                                   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:  May 18, 2001                          By:  /s/
                                                   -----------------------------
                                                       C.  RICHARD  KEARNS
                                                       Chief  Executive  Officer


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