(Mark One)

X...Quarterly report under section 13 or 15(d) of the Securities Exchange Act of 1934 for the
quarterly period ended March 31, 2002.

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

**CAPMACCO CORP**

(Name of small business in its charter)

|Colorado                                       | 0-27625             | 84-1475072            
|---------------------------------------------- | ------------------- | ----------------------
|(State or other jurisdiction of Incorporation) | Commission File No. | (IRS Employer Id. No.)



7331 S. Meadow Court

Boulder,  Colorado  80301

(Address of Principal Office)Zip Code

Issuer's telephone number:   (303) 530-3353

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the
Securities 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 issuers involved in bankruptcy proceedings during the past five years.

Check whether the issuer has filed all documents and reports required to be filed by Section 12,
13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a
court.  Yes .....  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.  At March 31, 2002, the following shares of common were outstanding:
Common Stock, no par value, 12,000,000 shares.

Transitional Small Business Disclosure Format (Check one):

Yes .....     No ..X..

PART 1 - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS AND EXHIBITS

(a)  The unaudited financial statements of registrant for the three months ended March 31, 2002,
follow.  The financial statements reflect all adjustments which are, in the opinion of
management, necessary to a fair statement of the results for the interim period presented.









|INDEX TO FINANCIAL STATEMENTS: | 
|------------------------------ | 
|                               | 
|Balance Sheet                  | 
|Statements of Operations       | 
|Statements of Cash Flows       | 
|Notes to Financial Statements  | 

|Capmacco Corp.                                                          
|------------------------------------------------------------------------
|( A Development Stage Company)                                          
|BALANCE SHEET                                                           
|March 31, 2002                                                          
|                                                                        
|                                                                        
|CURRENT ASSETS                                                          
|Cash                                                                    
|                                                                        
|Total current assets                                                    
|                                                                        
|TOTAL ASSETS                                                            
|                                                                        
|                                                                        
|                                                                        
|CURRENT LIABILITIES                                                     
|Accounts Payable                                                        
|                                                                        
|Total current liabilities                                               
|                                                                        
|STOCKHOLDERS' EQUITY                                                    
|Preferred stock, no par value; 10,000,000 shares                        
|authorized; no shares issued and outstanding                            
|Common stock, no par value;  100,000,000 shares                         
|authorized;  12,000,000 shares issued and                               
|outstanding                                                             
|Additional paid-in capital                                              
|Deficit accumulated during the development stage                        
|                                                                        
|Total Stockholders' Equity                                              
|                                                                        
|TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                              
|                                                                        
|                                                                        
|                                                                        
|                                                                        
|The accompanying notes are an integral part of the financial statements.
|                                                                        

|Capmacco Corp.                                                          
|------------------------------------------------------------------------
|( A Development Stage Company)                                          
|STATEMENTS OF OPERATIONS                                                
|                                                                        
|                                                                        
|                                                                        
|                                                                        
|                                                                        
|                                                                        
|                                                                        
|                                                                        
|REVENUES                                                                
|                                                                        
|EXPENSES                                                                
|Amortization                                                            
|Accounting                                                              
|Office supplies                                                         
|Rent                                                                    
|Consulting fees                                                         
|Transfer agent                                                          
|Bank service charge                                                     
|Miscellaneous                                                           
|Legal fees                                                              
|                                                                        
|Total expenses                                                          
|                                                                        
|NET LOSS                                                                
|                                                                        
|Accumulated deficit                                                     
|Balance, beginning of period                                            
|                                                                        
|Balance, end of period                                                  
|                                                                        
|NET LOSS PER SHARE                                                      
|                                                                        
|WEIGHTED AVERAGE NUMBER                                                 
|OF SHARES OF COMMON                                                     
|STOCK OUTSTANDING                                                       
|                                                                        
|The accompanying notes are an integral part of the financial statements.

|Capmacco Corp.                                                          
|------------------------------------------------------------------------
|( A Development Stage Company)                                          
|STATEMENTS OF CASH FLOWS                                                
|                                                                        
|                                                                        
|                                                                        
|                                                                        
|                                                                        
|                                                                        
|                                                                        
|CASH FLOWS FROM OPERATING ACTIVITIES                                    
|Net loss                                                                
|Adjustments to reconcile net loss to net cash flows                     
|from operating activities:                                              
|Amortization                                                            
|Rent                                                                    
|Stock issued for consulting fees                                        
|Increase in accounts payable                                            
|                                                                        
|Net cash flows from operating activities                                
|                                                                        
|CASH FLOWS FROM INVESTING ACTIVITIES                                    
|Increase in organization costs                                          
|                                                                        
|Net cash flows from investing activities                                
|                                                                        
|CASH FLOWS FROM FINANCING ACTIVITIES                                    
|Cash provided by shareholders                                           
|Cash paid for expenses by shareholders                                  
|Issuance of common stock                                                
|                                                                        
|Net cash flows from financing activities                                
|                                                                        
|NET CHANGE IN CASH AND CASH EQUIVALENTS                                 
|                                                                        
|CASH AND CASH EQUIVALENTS,                                              
|BEGINNING OF PERIOD                                                     
|                                                                        
|CASH AND CASH EQUIVALENTS,                                              
|END OF PERIOD                                                           
|The accompanying notes are an integral part of the financial statements.

Capmacco Corp.

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

March 31, 2002

1.  **Summary of Significant Accounting Policies**

**Development Stage Company**

Capmacco Corp. (a development stage company) (the "Company") was initially
incorporated under the laws of the State of Colorado on December 29, 1994.  After engaging in
minimal activity related to its business plan, the Company's activities ceased in early 1995, and
the Company became inactive until its reinstatement by the Colorado Secretary of State on
September 25, 1998.  The principal office of the corporation is 7331 S. Meadow Ct., Boulder,
CO 80301.

The Company is a new enterprise in the development stage as defined by Statement No. 7
of the Financial Accounting Standards Board and has not engaged in any business other than
organizational efforts.  It has no full time employees and owns no real property.  The Company
intends to operate as a capital market assess corporation by registering with the U.S. Securities
and Exchange Commission under the Securities Exchange Act of 1934.  After this, the Company
intends to seek to acquire one or more existing businesses, which have existing management,
through merger or acquisition.  Management of the Company will have virtually unlimited
discretion in determining the business activities in which the Company might engage.

The Company currently does not own any properties or an interest in any business.
Moreover, it has not identified any properties or business opportunities that it shall seek to
acquire, has no understanding or arrangement to acquire any properties or business interests, and
has not identified any specific geographical area, industry, or type of business in which it intends
to operate.

******Accounting Method**

The Company records income and expenses on the accrual method.

**Fiscal Year**

The fiscal year of the corporation is December 31.

**Loss per Share**

Loss per share was computed using the weighted average number of shares of common
stock outstanding during the period.

**Organization Costs**

Costs to incorporate the Company were originally capitalized to be amortized over a
sixty-month period.  With the adoption of SOP 98-5, the unamortized portion of these costs was
written off to expense during the year ended December 31, 1999

**Financial Instruments**

Unless otherwise indicated, the fair value of all reported assets and liabilities which
represent financial instruments (none of which are held for trading purposes) approximate the
carrying values of such amounts.

**Statement of Cash Flows**

For purposes of the statement of cash flows, the Company considers all highly liquid debt
instruments purchased with an original maturity of three months or less to be cash equivalents.

**Use of Estimates**

The preparation of the Company's financial statements in conformity with generally
accepted accounting principles requires the Company's management to make estimates and
assumptions that effect the amounts reported in these financial statements and accompanying
notes.  Actual results could differ from those estimates.

**Consideration of Other Comprehensive Income Items**

SFAF 130 - Reporting Comprehensive Income, requires companies to present
comprehensive income (consisting primarily of net income plus other direct equity changes and
credits) and its components as part of the basic financial statements.  For the period ended March
31, 2002, the Company's financial statements do not contain any changes in equity that are
required to be reported separately in comprehensive income.

**Stock Basis**

Shares of common stock issued for other than cash have been assigned amounts
equivalent to the fair value of the service or assets received in exchange.

2.  **Stockholders' Equity**

As of March 31, 2002,  12,000,000 shares of the Company's no par value common stock
had been issued for a combination of cash and consulting services provided.  The services were
converted to shares at $0.0002 per share and valued at a total of  $2,145.

3.  **Related Party Transactions**

As of the date hereof, the Company's officers and directors own 5,000,000 shares of
common stock, constituting approximately 42% of the Company's issued and outstanding shares.

An individual related to a director of the company has been paid $573 for services
rendered and expenses incurred on behalf of the company during the years ended December 31,
1999 and 2000.  In 2001, the same individual was paid $405 for services rendered and was owed
$76 for services rendered and expenses incurred during the year on behalf of the Company.

Rent is being provided to the Company at no charge.  For purposes of the financial
statements, the Company is accruing $50 per month as additional-paid-in capital for this use.

4.  **Income Taxes**

The company has Federal net operating loss carryforwards of approximately $20,000
expiring during the years 2011 and 2021.  The tax benefit of these net operating losses is
approximately $3,200 and has been offset by a full allowance for realization.  This carryforward
may be limited upon the consummation of a business combination under IRC Section 381.

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION FOR
PURPOSES OF "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995.

Certain statements in this report, including statements in the following discussion, which
are not statements of historical fact, are what are known as "forward looking statements," which
are basically statements about the future, and which, for that reason, involve risk and uncertainty
since no one can accurately predict the future.  Words such as "plans," "intends," "will,"
"hopes," "seeks," "anticipates," "expects" and the like often identify such forward looking
statements, but are not the only indication that a statement is a forward looking statement.  Such
forward looking statements include statements of our plans and objectives with respect to the
present and future operations of the Company, and statements which express or imply that such
present and future operations will or may produce revenues, income or profits.  Numerous factors
and future events could cause the Company to change such plans and objectives or fail to
successfully implement such plans or achieve such objectives, or cause such present and future
operations to fail to produce revenues, income or profits.  Therefore, the reader is advised that the
following discussion should be considered in light of the discussion of risks and other factors
contained in this report on Form 10QSB and in the Company's other filings with the Securities
and Exchange Commission, and that no statements contained in the following discussion or in
this Form 10QSB should be construed as a guarantee or assurance of future performance or
future results.

Liquidity and Capital Resources

As of March 31, 2002, the Company remains in the development stage. For the period
ended March 31, 2002, the Company's balance sheet reflects current and total assets of $67 in the
form of cash, and current liabilities of $76.

The Company does not have sufficient assets or capital resources to pay its on-going
expenses while it is seeking out business opportunities, and it has no current plans to raise
additional capital through sale of securities, or otherwise. As a result, although the Company has
no agreement in place with its shareholders or other persons to pay expenses on its behalf, it is
currently anticipated that the Company will rely on loans or additional capital contributions from
shareholders or to pay expenses at least until it is able to consummate a business transaction.

Results of Operations

During the period from December 29, 1994 (inception) through March 31, 2002, the
Company has engaged in no significant operations other than organizational activities,
acquisition of capital and preparation and filing of its registration statement on Form 10-SB
under the Securities Exchange Act of 1934, as amended, compliance with its periodical reporting
requirements and initial efforts to locate a suitable merger or acquisition candidate.   No revenues
were received by the Company during this period.

The Company experienced a net loss of $210 for the first quarter.  The loss during the
quarter  is primarily the result of legal, consulting, and accounting costs related to initial
registration under the Securities Exchange Act of 1934 and subsequent compliance with
reporting requirements of the securities laws, as well as payment of transfer agent fees.  The
Company does not expect to generate any revenue until it completes a business combination, but
will continue to incur legal and accounting fees and other costs associated with compliance with
its reporting obligations. As a result, the Company expects that it will continue to incur losses
each quarter at least until it has completed a business combination.  Depending upon the
performance of any acquired business, the Company may continue to operate at a loss even
following completion of a business combination.

Plan of Operations

For the fiscal year ending December 31, 2002, and for the succeeding twelve months, the
Company expects to continue its efforts to locate a suitable business acquisition candidate and
thereafter to complete a business acquisition transaction.  The Company anticipates incurring a
loss for the fiscal year as a result of expenses associated with compliance with the reporting
requirements of the Securities Exchange Act of 1934, and expenses associated with locating and
evaluating acquisition candidates. The Company does not expect to generate revenues until it
completes a business acquisition, and, depending upon the performance of the acquired business,
it may also continue to operate at a loss after completion of a business combination.

Need for Additional Financing

The Company  will require additional capital in order to pay the costs associated with
carrying out its plan of operations and the costs of compliance with its continuing reporting
obligations under the Securities Exchange Act of 1934, as amended, for the fiscal year ending
December 31, 2002 and thereafter.  This additional capital will be required whether or not the
Company is able to complete a business combination transaction during the current fiscal year.
Furthermore, once a business combination is completed, the Company's needs for additional
financing are likely to increase substantially.

No specific commitments to provide additional funds have been made by management or
other stockholders, and the Company has no current plans, proposals, arrangements or
understandings to raise additional capital through the sale or issuance of additional securities
prior to the location of a merger or acquisition candidate.  Accordingly, there can be no assurance
that any additional funds will be available to the Company to allow it to cover itsexpenses.
Notwithstanding the foregoing, however, to the extent that additional funds are required, the
Company anticipates receiving such funds in the form of loans or advancements from current
shareholders without the issuance of additional shares or other securities, or through the private
placement of restricted securities.  In addition, in order to minimize the amount of additional
cash which is required in order to carry out its business plan, the Company might seek to
compensate certain service providers by issuances of stock in lieu of cash.

PART II - OTHER INFORMATION

ITEM 6.	EXHIBITS AND REPORTS ON FORM 8-K.

(a)	No exhibits are  filed as part of this Report.

(b)	No reports on Form 8-K were filed by the Company for the quarter ended March
31, 2002.

**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 hereunto duly authorized.

**CAPMACCO CORP.**

By: /S/ GRANT W. PECK

Grant W. Peck, President and Director

By:/S/ DEAN F. SESSIONS

Dean F. Sessions, Secretary and Director

Date: May 29, 2002