U.S. SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                           FORM 10-QSB

      [  X ]     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
     OF THE SECURITIES EXCHANGE ACT OF 1934

     For the quarterly period ended March 31, 2000

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

     For the transition period from        to

                  Commission File No. 000-26017

                       GOURMET GIFTS, INC.
(Exact name of small business issuer as specified in its charter)

            Nevada                          880375818
(State or Other Jurisdiction of           (IRS Employer
Incorporation or Organization)         Identification No.)


              253 D'Emerald, Sparks, Nevada  89434
            (Address of principal executive offices)

                         (702) 254-5069
                   (Issuer's telephone number)

                         Not Applicable
  (Former name, address and fiscal year, if changed since last report)

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

APPLICABLE  ONLY  TO  ISSUERS INVOLVED IN BANKRUPTCY  PROCEEDINGS
DURING THE PRECEDING FIVE YEARS:

Check whether the registrant has filed all documents and reports
required to be filed by Sections 12, 13, or 15(d) of the
Exchange Act subsequent to the distribution of securities under
a plan confirmed by a court.  Yes  [  ]  No  [  ]

APPLICABLE ONLY TO CORPORATE ISSUERS:
As of December 26, 2000, the Registrant had outstanding 896,000
shares of Common Stock, par value $0.001.

<PAGE>
                          FORM 10-QSB
                       GOURMET GIFTS, INC.

                              INDEX
                                                       Page

PART I.    Financial Information                          2

           Independent Accountants Report                 3

           Balance Sheets - March 31, 2000 and            4
           March 31, 1999

           Statements of Operations - Three and           5
           Six Months Ended March 31, 2000 and 1999,
           and From Inception (September 24, 1997)
           to March 31, 2000

           Statement  of  Changes in  Stockholders'       6
           Equity From Inception (September 24, 1997)
           to March 31, 2000

           Statements of Cash Flows - Three and Six       7
           Months Ended March 31, 2000 and 1999, and
           From Inception (September 24, 1997) to
           March 31, 2000

           Notes to Consolidated Financial                8
           Statements

           Management's Discussion and Analysis,         10
           and Plan of Operation

PART II.   Other Information                             11

SIGNATURES                                               11


                             PART I.

FINANCIAL INFORMATION

     In the opinion of management, the accompanying unaudited
financial statements included in this Form 10-QSB reflect all
adjustments (consisting only of normal recurring accruals)
necessary for a fair presentation of the results of operations
for the periods presented.  The results of operations for the
periods presented are not necessarily indicative of the results
to be expected for the full year.

                              2

<PAGE>

DAVID E.COFFEY            3651 LINDELL ROAD, SUITE A, LAS VEGAS, NEVADA 89103
CERTIFIED PUBLIC ACCOUNTANT              (702) 871-3979


                 INDEPENDENT ACCOUNTANTS REPORT


To the Board of Directors and Stockholders
of Gourmet Gifts, Inc.
Reno, Nevada

     I have reviewed the accompanying financial statements of
Gourmet Gifts, Inc. for the three and six-month periods ended
March 31, 2000 and March 31, 1999.  These financial statements
are the responsibility of Gourmet Gifts, Inc.'s management.

     I conducted my review in accordance with standards
established by the American Institute of Certified Public
Accountants.  A review of interim financial consists principally
of applying analytical procedures to financial data and making
inquiries of persons responsible for financial and accounting
matters.  It is substantially less in scope than an audit
conducted 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, no such opinion is expressed.

     Based on my review, I am not aware of any material
modifications that should be made to the accompanying financial
statements for them to be in conformity with generally accepted
accounting principles established by the American Institute of
Certified Public Accountants.

/s/ David E. Coffey C.P.A
David Coffey, C. P. A.
Las Vegas, Nevada
November 15, 2000

                                3

<PAGE>
                       GOURMET GIFTS, INC.
                  (A DEVELOPMENT STAGE COMPANY)
                         BALANCE SHEETS




                                                   March 31,    March 31,
                                                   2000           1999

ASSETS

Cash                                            $      746   $  9,634
Accounts receivable-trade                                0          0
Inventories                                              0      5,735
Prepaid expenses                                     1,000          0
Receivable from stockholder                             50          0

     Total Assets                               $    1,796   $ 15,369

LIABILITIES & STOCKHOLDERS' EQUITY

Accounts payable                                $        0   $    500
     Total Liabilities                                   0        500

Stockholders' Equity
          Common stock, authorized 25,000,000
          shares at $.001 par value, issued and
          outstanding 896,000 shares                   896        896
          Additional paid-in capital                29,311     29,311
          Deficit accumulated during the
          development stage                        (28,411)   (15,338)

          Total Stockholders' Equity                 1,796     14,869

Total Liabilities and Stockholders' Equity        $  1,796   $  15,369




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

                                4

<PAGE>
                       GOURMET GIFTS, INC.
                  (A DEVELOPMENT STAGE COMPANY)
              STATEMENTS OF OPERATIONS AND DEFICIT
            ACCUMULATED DURING THE DEVELOPMENT STAGE
            (With Cumulative Figures From Inception)

<TABLE>                                                                                    <C>
                                                                                         From Inception,
                       <S>  Three months ended March 31,    Six months ended March 31,   Sept.24, 1997,to
                                    2000         1999        2000       1999             March 31, 2000

<S>                                 <C>         <C>          <C>    <C>               <C>
Net sales                           $  0        $  95        $  0   $  6,015          $   6,015
Cost of goods sold                     0           40           0      2,543              2,543

     Gross profit                      0           55           0      3,472              3,472

Expenses
    Outside services                   0            0           0          0                200
    Consulting                         0        3,517           0     10,517             16,715
    Office expenses                    0          147           0        147              147
    Professional services              0            0           0      4,650              6,150
    Bank charges                       45          45          90        101              446
    Fees                              226           0         226          0              226
    Taxes and licenses                  0          50          50        276              880
    Advertising                         0         650           0      1,799            1,799
    Spoilage                            0           0           0          0            3,293
    Loss on disposal of
       packaging supplies               0           0           0          0            1,942
    Rent                                0           0           0          0               85
Total expenses                        271       4,409         366     17,490           31,883

Net loss                             (271)     (4,354)       (366)   (14,018)   $     (28,411)

Retained earnings,
beginning of period               (28,140)    (10,984)    (28,045)    (1,320)

Deficit accumulated during
the development stage           $ (28,411)  $ (15,338)  $ (28,411) $ (15,338)

Earnings (loss) per share
assuming dilution:
Net loss                        $    0.00   $    0.00  $     0.00   $  (0.01)  $       (0.04)

Weighted average
Shares outstanding                896,000     896,000     896,000     896,000         659,133


</TABLE>

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

                                5
<PAGE>

                       GOURMET GIFTS, INC.
                  (A DEVELOPMENT STAGE COMPANY)
          STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
   FOR THE PERIOD FROM SEPTEMBER 24,1997, (Date of Inception)
                        TO MARCH 31, 2000

<TABLE>
                                                            Additional
                                     Common Stock           Paid-in
                                   Shares         Amount    Capital        Total

Balance,                          <C>            <C>        <C>            <C>
September 24, 1997                   ---         $ ---      $ ---          $  --

Issuance of common stock for cash
September, 1997                    250,000        250       4,750          5,000

Balance, September 30, 1997        250,000        250       4,750          5,000

Issuance of common stock for cash
September, 1998                    646,000        646       31,654        32,300

Less offering costs                      0          0      (6,215)        (6,215)

Less net loss                            0          0           0         (1,320)

Balance, September 30, 1998        896,000        896      30,189         29,765

Less offering costs                      0          0        (878)        (878)

Less net loss                            0          0           0        (26,725)

Balance, September 30,1999         896,000        896      29,311          2,162

Less net loss                            0          0           0         (366)

Balance, March 31, 2000            896,000     $  896    $ 29,311       $  1,796

</TABLE>

The accompanying notes are an integral part of these financial statements

                                6
<PAGE>

                       GOURMET GIFTS, INC.
                  (A DEVELOPMENT STAGE COMPANY)
                    STATEMENTS OF CASH FLOWS
             (With Cumulative Figures From Inception
<TABLE>
                                                                                        From Inception
                            Three months ended March 31,   Six month ended March 31,    Sept. 24, 1997, to
                                        2000      1999               2000     1999      to March 31, 2000
                                    <C>        <C>                <C>        <C>          <C>
CASH FLOWS PROVIDED BY
OPERATING ACTIVITIES
Net Loss                             $ (271)   $ (4,354)          $ (366)   $ (14,018)    $ (28,411)
Non-cash items included in net loss       0           0                0            0             0
Adjustments to reconcile net loss to
cash used by operating activity
     Accounts receivable-trade            0       2,541                0            0             0
     Inventories                          0          40                0       (5,735)            0
     Prepaid expenses                     0           0           (1,000)           0        (1,000)
     Receivable from stockholder          0           0                0            0           (50)
     Accounts payable                     0           0                0       (1,815)            0

NET CASH PROVIDED BY
OPERATING ACTIVITIES                   (271)     (1,773)          (1,366)     (21,568)      (29,461)

CASH FLOWS USED BY
INVESTING ACTIVITIES                      0           0                0            0             0

     NET CASH USED BY
     INVESTING ACTIVITIES                 0           0                0            0             0

CASH FLOWS FROM FINANCING
ACTIVITIES
     Sale of common stock                 0           0                0            0           896
     Paid-in capital                      0           0                0            0        36,404
     Less offering costs                  0           0                0         (878)       (7,093)

NET CASH PROVIDED BY
FINANCING ACTIVITIES                      0           0                0         (878)       30,207

NET INCREASE IN CASH                   (271)     (1,773)          (1,366)     (22,446)       $  746

CASH AT BEGINNING
 OF PERIOD                            1,017      11,407            2,112       32,080

CASH AT END OF PERIOD                $  746    $  9,634           $  746     $  9,634


</TABLE>

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

                                7
<PAGE>

                       GOURMET GIFTS, INC.
                  (A DEVELOPMENT STAGE COMPANY)
                NOTES TO THE FINANCIAL STATEMENTS
               MARCH 31, 2000, AND MARCH 31, 1999


NOTE A    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

          The Company was incorporated on September 24, 1997,
          under the laws of the State of Nevada.  The business
          purpose of the Company is the production and sale of
          gourmet gift items.  In August of 1999 the Company had
          ceased operations and liquidated its inventories.  The
          Company will resume operations if additional financing
          is obtained.

          The Company will adopt accounting policies and
          procedures based upon the nature of future
          transactions.

NOTE B    FISCAL YEAR

          In October of 1998 the Company adopted the period
          October 1 through September 30 as its fiscal year.

NOTE C    CHANGE OF INDEPENDENT ACCOUNTANTS

          Financial statements for the period ended September 30,
          1998, were audited by Albright, Persing & Associates,
          Ltd., of Reno, Nevada.  The Company named as its
          independent auditor David E. Coffey, CPA for the audit
          of September 30, 1999, financial statements.

NOTE D     OFFERING COSTS

          Offering costs are reported as a reduction in the
          amount of paid-in capital received for sale of the
          shares.

NOTE E    EARNINGS (LOSS) PER SHARE

          Basic EPS is determined using net income divided by the
          weighted average shares outstanding during the period.
          Diluted EPS is computed by dividing net income by the
          weighted average shares outstanding, assuming all
          dilutive potential common shares were issued.  Since
          the Company has no common shares that are potentially
          issuable, such as stock options, convertible securities
          or warrants, basic and diluted EPS are the same.

                                8
<PAGE>

                       GOURMET GIFTS, INC.
                  (A DEVELOPMENT STAGE COMPANY)
                NOTES TO THE FINANCIAL STATEMENTS
               MARCH 31, 2000, AND MARCH 31, 1999

(continued)

NOTE F    STOCK OFFERINGS

          In September of 1997, the Company completed the sale of
          250,000  shares of its common stock at $.02  per  share
          for  $5,000.   Then  in September of 1998  the  Company
          issued  another 646,000 shares of its common  stock  at
          $.05  per  share for a total of $32,300.  The  proceeds
          were  to be used for the production and sale of gourmet
          gift items.

NOTE G     RELATED PARTY TRANSACTIONS

          In  September of 1997 the Company issued 250,000 shares
          of its common stock to officers at $.02 per share for a
          total of $5,000.

          In May of 1999 the Company paid one of its shareholders
          $4,500   for  services  performed  to  complete  filing
          requirements of the Securities & Exchange Commission.

          Prior  to  ceasing  operations in August  of  1999  the
          Company  had  paid  two  of its  officers  $10,000  and
          $2,214, respectively, for consulting services performed
          during start-up of operations.

          In  June of 1999 the Company sold the remainder of  its
          packaging  inventory to a shareholder for  $500,  which
          resulted in a loss of $1,942.

NOTE H     LIQUIDATION OF INVENTORY

          In  June  of 1999 the Company liquidated its inventory.
          Spoiled  perishable  items at a  cost  of  $3,293  were
          discarded  at  a total loss.  Packaging supplies  at  a
          cost  of  $2,442 were sold to a shareholder  for  $500,
          which  resulted in a loss of $1,942.  The Company  will
          resume operations if additional financing is obtained.

NOTE I    SUSPENSION OF OPERATIONS

          On  August 8, 1999, the Board of Directors resolved  to
          suspend  operations  in the gift box  business  and  to
          pursue other opportunities which may become available.


                                9
<PAGE>

             MANAGEMENT'S DISCUSSION AND ANALYSIS OF
             FINANCIAL CONDITION OR PLAN OF OPERATION

Forward-Looking Statement Notice

     When used in this report, the words "may," "will," "expect,"
"anticipate," "continue," "estimate," "project," "intend," and
similar expressions are intended to identify forward-looking
statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of
1934 regarding events, conditions, and financial trends that may
affect the Company's future plans of operations, business
strategy, operating results, and financial position.  Persons
reviewing this report are cautioned that any forward-looking
statements are not guarantees of future performance and are
subject to risks and uncertainties and that actual results may
differ materially from those included within the forward-looking
statements as a result of various factors.

Three and Six Months Ended March 31, 2000, and 1999

     The Company's revenues from operations for the three-month
periods that ended March 31, 2000 and 1999 were $0 and $95,
respectively.  Cost of goods sold for those same periods were $0
and $40, respectively.  Revenues from operations for the six-
month periods that ended March 31, 2000 and 1999 were $0 and
$6,015, respectively.  Cost of goods sold for those same periods
were $0 and $2,543, respectively.  This decrease in revenues and
cost of goods sold is attributable to the Company ceasing all
operations in the retail catalogue business.  Since ceasing
operations in August of 1999, the Company has generated no
revenue and remained inactive other than seeking to acquire
another business opportunity.

     The Company had expenses of $271 for the three months ended
March 31, 2000, compared to $4,409 for the same period in 1999.
The Company had expenses of $366 for the six months ended March
31, 2000, compared to $17,490 for the six months ended March 31,
1999.  This decrease in expenses is due to the Company ceasing
all operations in the retail catalogue business in August of
1999.  Expenses for the last six months consisted of bank
charges, taxes and licenses, and fees.

     As a result of the foregoing, the Company realized a net
loss of $366 for the six months ended March 31, 2000, compared to
a net loss of $14,018 for the six months ended March 31, 1999.
Again, this decrease is attributable to the Company ceasing
unprofitable operations in the retail catalogue business, and
incurring expenses related to the general corporate
administration of a public corporation.

Liquidity and Capital Resources

     At March 31, 2000, the Company had cash on hand in the
amount of $746, prepaid expenses in the amount of $1,000, and a
$50 receivable from a stockholder, giving the Company a working
capital of approximately $1,796.

     Currently, the Company has no material commitments for
capital expenditures and Management believes that it has
sufficient cash to meet its operational needs for the next twelve
months.  If required, Management may attempt to raise additional
capital for its current operational needs through debt financing,
equity financing or a combination of financing options.  However,
there are no existing understandings, commitments or agreements
for such an infusion; nor can there be assurances to that effect.
Moreover, the Company's need for capital may change dramatically
if and during that period it acquires an interest in a business
opportunity.

     The Company's current operating plan is to (i) handle the
administrative and reporting requirements of a public company,
and (ii) search for potential businesses, products, technologies
and companies for

                               10
<PAGE>

acquisition.  At present, the Company has no understandings,
commitments or agreements with respect to the acquisition of any
business venture, and there can be no assurance that the Company
will identify a business venture suitable for acquisition in the
future.  Further, there can be no assurance that the Company
would be successful in consummating any acquisition on favorable
terms or that it will be able to profitably manage any business
venture it acquires.

                   PART II.  OTHER INFORMATION

EXHIBITS AND REPORTS ON FORM 8-K

Exhibits

     Included only with the electronic filing of this report is
the Financial Data Schedule for the six-month period that ended
March 31, 2000 (Exhibit Ref. No. 27).

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.

                                    GOURMET GIFTS, INC

Date: December 22, 2000             By: /s/Johne Phelps
                                           Johne Phelps, President




                               11
<PAGE>