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 nine-month period ended September 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 September 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
                    September 30, 2001 and December 31, 2000

                                     ASSETS


                                 September 30, 2001    December 31, 2000
                                    (Unaudited)            (Audited)
<S>                             <C>                   <C>
Current Assets
    Cash                        $            421,425  $            39,317
    Management Fee receivable                 32,813               15,226
    Accounts receivable                      137,779               62,576
    Prepaid expenses                         194,289               59,682
                                --------------------  -------------------
  Total Current Assets                       786,306              176,801

Fixed Assets
    Furniture & Fixtures - Net                52,912               49,280
                                --------------------  -------------------
  Total Fixed Assets                          52,912               49,280

Other Assets
    Due from TIM                              21,760               37,000
    Due from TIM-OR                          155,607              155,607
    Due from Lessors                         180,476              145,380
    Lease Option                                 650                  650
                                --------------------  -------------------
  Total Other Assets                         358,493              338,637
                                --------------------  -------------------
      TOTAL ASSETS              $          1,197,711  $           564,718
                                ====================  ===================
</TABLE>


                                        2
<PAGE>
<TABLE>
<CAPTION>
                      LIABILITIES AND STOCKHOLDERS' EQUITY



                                      September 30, 2001    December 31, 2000
                                         (Unaudited)            (Audited)
<S>                                  <C>                   <C>
Current Liabilities
    Bank Overdraft                   $                 0   $          109,622
    Accounts Payable, Trade                      363,763              263,148
    Accrued Payroll & Payroll Taxes              299,242              346,125
    Accrued Expenses                             309,265              158,024
                                     --------------------  -------------------
  Total Current Liabilities                      972,270              876,919

Other Liabilities
    Advances from Properties                     434,474                    0
    Notes Payable                                284,877                    0
    Due to stockholders                        1,008,695            1,032,695
                                     --------------------  -------------------
  Total Other Liabilities                      1,728,046            1,032,695

      TOTAL LIABILITIES                        2,700,316            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                          (4,312,507)          (4,154,798)
                                     --------------------  -------------------

  Total Stockholder's Equity                  (1,502,605)          (1,344,896)
                                     --------------------  -------------------
      TOTAL LIABILITIES &            $         1,197,711   $          564,718
        STOCKHOLDER'S EQUITY         ====================  ===================
</TABLE>


                                        3
<PAGE>
<TABLE>
<CAPTION>
                                            COUNTRY  MAID  FINANCIAL,  INC.
                                         CONSOLIDATED STATEMENT OF OPERATIONS

                      For the Three & Nine Months Ended September 30, 2001 and September 30, 2000

                                                            Three Months Ended               Nine Months Ended
                                                       September 30,   September 30,    September 30,   September 30,
                                                            2001            2000            2001             2000
<S>                                                    <C>             <C>             <C>              <C>
Revenues                                               $    1,447,992  $    1,260,930  $    4,010,985   $    2,901,630
Operating Costs
  Lease payments                                              368,972         234,603       1,093,869          609,505
  Direct costs                                                766,269         610,641       2,133,620        1,376,829
  Administrative costs                                        130,084         108,972         353,572          221,449
Total Operating Costs                                       1,265,325         954,216       3,581,061        2,207,783
Gross Profit                                                  182,667         306,714         429,924          693,847
Other Income                                                   38,759               0          38,759                0
Total Income                                                  221,426         306,714         468,683          693,847
Expenses
  Payroll and payroll taxes                                    87,741          82,277         302,603          249,441
  Professional Fees                                            36,426          76,093         166,318          199,311
  General & Administrative                                     50,961          60,009         157,471          164,323
Total expenses                                                175,128         218,379         626,392          613,075
Net Profit/(Loss)                                              46,298          88,335        (157,709)          80,772
Primary Profit/(Loss) per share                                  0.00            0.01           (0.02)            0.01
Diluted Profit/(Loss) per share                                  0.00            0.01           (0.02)            0.01
Weighted average number of common shares outstanding        7,725,896       7,725,896       7,725,896        7,725,896
</TABLE>


                                        4
<PAGE>
<TABLE>
<CAPTION>
                          COUNTRY MAID FINANCIAL, INC.
                      Consolidated Statement of Cash Flows
        For Nine Months Ended September 30, 2001 and September 30, 2000


CASH  FLOWS  FROM  OPERATING  ACTIVITIES

                                             September 30, 2001    September 30, 2000
<S>                                         <C>                   <C>
Cash Flows from Operating Activities
 Net Income from Operations                 $          (157,709)  $            80,772
 Changes in assets and liabilities
    Prepaid expenses and other                         (244,229)              (80,589)
    Accounts payable                                    100,615                26,856
    Accrued payroll and payroll taxes                   (46,883)               (6,643)
    Receivables                                         (75,203)                    0
    Management fees                                     (17,587)              (24,834)
    Accrued expenses                                    151,241                     0
Net cash flow from operating activities                (289,755)               (4,438)
Cash flows from investing activities
  Advance from Properties                               434,474                52,972
  Fixed Assets - Net                                     (3,632)                    0
  Due to Stockholders                                   (24,000)                    0
  Due from TI                                            15,240                     0
  Due from Lessors                                      (35,096)                    0
Total Cash Flows from Investing Activities              386,986                52,972
Cash Flows from Financing Activities
 Notes Payable                                          284,877                     0
 Issuance of Preferred Stock                                  0               100,000
Total Cash Flows from Financing Activities              284,877               100,000
Net Cash Flows                                          382,108                42,590
Cash Balance Beginning                                   39,317                     0
Cash Balance Ending                                     421,425                42,590
</TABLE>


                                        5
<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 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.

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 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.


                                        6
<PAGE>
Franchising  Activities

     Eleven  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.  Management  of  the  nine  Best  Inns
franchises  will  terminate  on  October  1,  2001.

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.

     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.

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.

     During  the  third  quarter  of  2001,  the  Company  invested revenues and
advances  against the properties in stock and similar investment strategies. The
investments  for  the  third  quarter of 2001 have resulted in positive revenue.

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

     Revenues. Revenues for the three-month periods ended September 30, 2000 and
September  30,  2001  increased  from  $1,260,930  to  $1,447,992, respectively.
Revenues  for  the  nine  months ended September 30, 2000 and September 30, 2001
increased  from $2,901,630 to $4,010,985 respectively. During the three and nine
month  periods  ended September 30, 2001, the Company's revenue was generated by
its  property-leasing  and  management activities. The increase in gross revenue
during  the three and nine months periods ending September 30, 2001, compared to
the  same  period in the prior year is attributable primarily to the increase in
gross revenue during the three and nine month periods ending September 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  September 30, 2000 and
September  30,  2001 increased from $82,277 to $87,741, respectively. During the
nine months ended September 30, 2000 and September 30, 2001, the Company's labor
and  benefits expenses, as evidenced by payroll and payroll taxes increased from
$249,441  to $302,603, respectively. The increase in labor and benefits expenses
from  the  second quarter and the first nine 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  September 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  September 30, 2000 and September 30, 2001
decreased  from  $96,170  to  $50,961  respectively.  General and Administrative
Expenses  for  the  nine  months ended September 30, 2000 and September 30, 2001
decreased  from  $164,323  to  $157,471,  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 profit for the three-month period
ended  September  30, 2001 of $46,298 compared to $88,335 for the same period in
2000.  The  Company  recognized a net loss of $157,709 for the nine-month period
ended  September 30, 2001, as compared with a net profit of $80,772 for the same
period  in  2000.  The  change in net profit reflected in the three month period
ending  September  30,  2001  and September 30, 2000, and the change in net loss
reflected in the nine month periods ending September 30, 2001 and the net profit
ending  in  September  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 September 30, 2001, the Company had
cash and cash equivalents of $421,425 as compared to $39,317 for the same period
in  2000.  In  the  first  nine  months  of  2001,  total cash used in operating
activities  was  $289,755,  which  was  primarily due to property management and
operating expenses. During the first nine months of 2001, total cash supplied by
operating  and  management  activities was $97,231 as compared to $48,534 in the
first  nine months of 2000, which was primarily due to expenses derived from the


                                        7
<PAGE>
Company's  management activities. During the first nine months of 2000 and 2001,
the  total  cash  flow  from  investing  activities  was  $386,986  and  $52,972
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 from time to time be 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  settlement  amounts  have  been  paid in full. The
Company  does  not  believe  that  this  settlement  will  materially affect its
investors.

     In 2001, Bowne of Los Angeles, Inc. filed a suit in the Linn County Circuit
Court  of  Oregon against the Company and TIM (NV), along with other defendants,
for  collection of monies due. The suit settled almost immediately for a minimum
of  $14,000  and  a  maximum  of $15,000. The Company does not believe that this
settlement  will  materially  affect  its  investors.

     In  June  of  2001, the Tulia Independent School District, along with other
petitioners,  filed  a  petition  in  the Swisher County District Court of Texas
seeking  $81,457.81  in  taxes  owed  to  various  taxing entities and seeking a
judgment  against  the respondents and foreclosure of the subject motel property
located  in  Tulia,  Texas.  Neither the Company nor TIM is a respondent to this
action. However, this action affects the Company in that it manages the property
that  is  the  subject  of  this foreclosure action. The action remains pending.

     In  July  of  2000,  George  Terry filed a suit in the King County Superior
Court  of  Washington  against  TIM,  along  with other defendants, for personal
injuries related to a fall in a bathtub/shower at the "Nendels" property located
in  Renton,  Washington.  Mr. Terry sought an undisclosed amount of damages, and
the  claim was remitted to TIM's insurance carrier for defense. The case settled
in  October  of  2001  for  $28,500.  The  Company  does  not  believe that this
settlement  will  materially  affect  its  investors.

Item 2.  Changes  in  Securities  and  Use  of  Proceeds

     During  the  third  quarter  of  2001,  the  Company  invested revenues and
advances  against  the  properties  in  stock and similar investment strategies.


                                        8
<PAGE>
Item 3.  Defaults  upon  Senior  Securities

         None.

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

         None.

Item  5.  Other  Information.

     As  of September 30, 2001, TIM was not an active Nevada corporation and was
authorized  to  transact  business  in  the states of Washington and Oregon. TIM
intends  to  immediately seek reinstatement of its corporate status in the state
of Nevada and authorization to transact business in Washington and Oregon. TIM's
authority  to  transact  business  in  Washington  or  Oregon cannot be regained
retroactively  to  the date of revocation. However, the Company does not believe
that  TIM's lack of authority to transact business in Washington and Oregon will
materially  affect  its  investors.

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 nine month period ended September 30, 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.


                                       9
<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: November 21, 2001                    By:  / s /
                                               -------------------------
                                                C.  RICHARD  KEARNS
                                                Chief Executive Officer



                                       10
<PAGE>
                               ACCOUNTANT'S REPORT
                                THOMAS J. HARRIS
                           CERTIFIED PUBLIC ACCOUNTANT
                          3901 STONE WAY N., SUITE 202
                               SEATTLE, WA  98103
                                  206.547.6050

                                November 19, 2001

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

We have reviewed the accompanying Balance Sheets of Country Maid Financial, Inc.
as  of  September  30,  2001  and  2000  and  the  related statements of Income,
Shareholders'  Equity,  and  Cash Flows for the nine 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.



November  19,  2001



                                       11
<PAGE>