(THIS SPACE LEFT INTENTIONALLY BLANK)








































<PAGE>
                       SECURITIES  AND  EXCHANGE  COMMISSION
                             Washington,  D.C.  20549

                                   FORM  10-QSB


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

        For  the  Quarterly  period  ended  August  31,  2000

[  ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

         For the transition period from ___________ to _____________

                        Commission  file  number  000-25335

                               ELGRANDE.COM,  INC.
         (Exact  name  of  registrant  as  specified  in  its  charter)

             Nevada                                  88-0409024
(State  or  other  jurisdiction  of      (IRS Employer Identification No.)
incorporation  or  organization)

                Suite  308,  1040  Hamilton  Street,  Vancouver,  B.C.
                                  V6B2R9  Canada
                    (Address  of  principal  executive  offices)

                                 (604)  689-0808
                           (Issuer's  telephone  number)

The  number  of  shares  outstanding  of  each of the issuer's classes of
common equity  as  of  the  latest  practicable  date:

      Class                     August  31,  2000
---------------------           -----------------
Common  stock,
$  0.001  par  value               13,099,479
























<PAGE>  1



                                ELGRANDE.COM,  INC.

                                TABLE  OF  CONTENTS


                                                              Page  No.
PART  I.     FINANCIAL  INFORMATION

     ITEM  I  -  Unaudited  Consolidated  Financial  Statements

          Accountant's Review Report                              4

          Consolidated  Balance  Sheets                           5-6

          Consolidated  Statements  of  Operations                7

          Consolidated Statement of Stockholders'
          Equity (Deficit)                                        8-9

          Consolidated  Statements  of  Cash  Flows               10

          Notes  to  Consolidated  Financial  Statements          11

     ITEM  2     Management's  Discussion  and  Analysis  of
          Financial  Condition  and  Results  of  Operations      20

PART  II.     OTHER  INFORMATION


          ITEM  6

          Exhibits  and  Reports  on  Form  8-K                   21

          Signatures                                              21

























<PAGE>  2




                                 ELGRANDE.COM INC.
                        CONSOLIDATED FINANCIAL STATEMENTS
                        =================================

                                 AUGUST 31, 2000


                              WILLIAMS & WEBSTER PS
                          CERTIFIED PUBLIC ACCOUNTANTS
                          ============================
                        BANK OF AMERICA FINANCIAL CENTER
                        ================================
                           W 601 RIVERSIDE, SUITE 1940
                                SPOKANE, WA 99201
                                 (509) 838-5111


                                ELGRANDE.COM INC.

                                TABLE OF CONTENTS


INDEPENDENT  ACCOUNTANT'S  REVIEW  REPORT                            1

FINANCIAL  STATEMENTS

     Consolidated  Balance  Sheets                                   2

     Consolidated Statements of Operations and Comprehensive Loss    3

     Consolidated  Statement  of  Stockholders' Equity (Deficit)     4

     Consolidated  Statements  of  Cash  Flows                       5

NOTES  TO  FINANCIAL  STATEMENTS                                     6























<PAGE>  3



Board  of  Directors
Elgrande.com,  Inc.
Vancouver,  B.C.  Canada

                           ACCOUNTANT'S REVIEW REPORT
                           --------------------------

We  have  reviewed  the accompanying consolidated balance sheet of Elgrande.com,
Inc.  as  of  August  31,  2000  and  the  related  consolidated  statements  of
operations,  stockholders'  equity  and  cash  flows  for the three months ended
February  29,  2000,  and  for the period from September 21, 1999 (inception) to
August  31,  2000.  These  financial  statements  are  the responsibility of the
Company's  management.

We conducted our review in accordance with standards established by the American
Institute  of  Certified  Public  Accountants.  A  review  of  interim financial
information  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 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  principles.

The  financial statements for the year ended May 31, 2000 were audited by us and
we  expressed  an unqualified opinion on them in our report dated June 30, 2000,
but  we  have  not  performed  any  auditing  procedures  since  that  date.

As  discussed  in  Note  2,  the Company's realization of a major portion of the
assets  is  dependent  upon  the  Company's ability to meet its future financing
requirements,  and  the  success  of  future  operations.  These  factors  raise
substantial  doubt  about  the Company's ability to continue as a going concern.
The  financial  statements do not include any adjustments that might result from
the  outcome  of  this  uncertainty.

/s/ Williams & Webster, P.S.

Williams  &  Webster,  P.S.
Certified  Public  Accountants
Spokane,  WA
October  13,  2000














Accountants page 1
<PAGE>  4
                               ELGRANDE.COM INC.
                           CONSOLIDATED BALANCE SHEETS


                                             August 31,          May 31,
                                                2000              2000
                                             (Unaudited)
                                            --------------   --------------

ASSETS

  CURRENT  ASSETS
   Cash                                     $      30,073    $      32,385
   Employee expense advances                       79,328           86,204
   GST tax refundable                               4,239            4,549
   Prepaid expenses                                 1,594              -
                                            --------------   --------------

            TOTAL CURRENT ASSETS                  115,234          123,138
                                            --------------   --------------

  PROPERTY  AND  EQUIPMENT
    Computer hardware                              97,972           97,972
    Furniture and fixtures                         62,667           62,667
    Database and software                         545,645          545,645
    Less accumulated depreciation
      and amortization                           (231,380)       (189,215)
                                            --------------   --------------

            TOTAL PROPERTY AND EQUIPMENT          474,904          517,069
                                            --------------   --------------

  OTHER  ASSETS
    Deposits                                       29,730           29,622
    Investments                                    60,000           60,000
                                            --------------   --------------

            TOTAL OTHER ASSETS                     89,730           89,622
                                            --------------   --------------

            TOTAL ASSETS                    $     679,868    $     729,829
                                            ==============   ==============



















Accountants page 2
<PAGE> 5
                               ELGRANDE.COM INC.
                           CONSOLIDATED BALANCE SHEETS


                                             August 31,          May 31,
                                                2000              2000
                                             (Unaudited)
                                            --------------   --------------

LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)

  CURRENT LIABILITIES
    Accounts payable                        $     673,377    $     630,020
    Accrued liabilities                            34,282           31,224
    Note payable, current portion                 163,204          161,920
    Current portion of long-term debt               7,977            7,977
                                            --------------   --------------

             TOTAL CURRENT LIABILITIES            878,840          831,141

  LONG-TERM  DEBT
    Capital lease, net of current portion           7,614           11,448
    Note payable related party                     30,000           30,000
                                            --------------   --------------
            TOTAL LONG-TERM LIABILITIES            37,614           41,448
                                            --------------   --------------
            TOTAL LIABILITIES                     916,454          872,589
                                            --------------   --------------

  COMMITMENTS AND CONTINGENCIES                       -                -
                                            --------------   --------------

  STOCKHOLDERS'  EQUITY  (DEFICIT)
    Common  stock, 200,000,000 shares
      authorized, $.001 par value;
      13,099,479 and 12,295,479 shares
      issued and outstanding, respectively         13,099            12,295
    Stock options and warrants                    415,230           354,950
    Additional paid-in capital                  4,231,996         3,857,300
    Accumulated deficit                        (4,896,036)       (4,347,483)
    Accumulated other comprehensive
      income (loss)                                  (875)          (19,822)
                                            --------------   --------------
          TOTAL STOCKHOLDERS' EQUITY
          (DEFICIT)                              (236,586)        (142,760)
                                            --------------   --------------
          TOTAL LIABILITIES AND
          STOCKHOLDERS' EQUITY (DEFICIT)    $     679,868    $     729,829
                                            ==============   ==============










See accountants' review report and accompanying notes.

Accountants page 2
<PAGE>  6
                                 ELGRANDE.COM INC.
          CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

                                                 For the Three Months Ended
                                             ----------------------------------
                                                August 31,        August 31,
                                                  2000              1999
                                               (Unaudited)       (Unaudited)
                                             ---------------   ---------------

R E V E N U E S                              $       62,863    $          -

COST OF REVENUES                                    119,173               -
                                             ---------------   ---------------
GROSS PROFIT (LOSS)                                 (56,310)              -
                                             ---------------   ---------------

E  X  P  E  N  S  E  S
   Consulting fees                                  136,301           138,543
   Marketing and public relations                       -             210,374
   Legal and professional fees                      236,016            36,465
   Salaries                                          38,730               -
   Office and administration                         12,068           281,685
   Rent                                              13,822               -
   Communication                                      4,322               -
   Software and internet services                     1,221           154,969
   Depreciation and amortization                     42,156            29,379
   Database construction and maintenance              6,461               -
                                             ---------------   ---------------
        TOTAL OPERATING EXPENSES                    491,097           851,415
                                             ---------------   ---------------

LOSS FROM OPERATIONS                               (547,407)         (851,415)

OTHER  INCOME  AND  (EXPENSES)
   Interest expense                                  (1,146)              -
                                             ---------------   ---------------
                                                     (1,146)              -

   LOSS BEFORE INCOME TAXES                        (548,553)         (851,415)

   INCOME TAXES                                         -                 -
                                             ---------------   ---------------

   NET LOSS                                        (548,553)         (851,415)

OTHER  COMPREHENSIVE  INCOME
   Foreign currency translation gain (loss)          18,947            24,344
                                             ---------------   ---------------

COMPREHENSIVE LOSS                           $     (529,606)   $     (827,071)
                                             ===============   ===============

NET LOSS PER COMMON SHARE, BASIC AND DILUTED $        (0.05)   $        (0.07)
                                             ===============   ===============
WEIGHTED AVERAGE NUMBER OF COMMON STOCK
  SHARES  OUTSTANDING, BASIC AND DILUTED         11,645,330        11,645,330
                                             ===============   ===============

See accountants' review report and accompanying notes.
Accountants page 3

<PAGE>  7
ELGRANDE.COM  INC.
CONSOLIDATED  STATEMENT  OF  STOCKHOLDERS'  EQUITY  (DEFICIT)

<TABLE>

                                                                                        Accum-       Total
                              Common Stock                                               ulated      Stock-
                        -----------------------   Additional  Stock        Accum-       Other         holders
                         Number                   Paid-in     Options &     ulated      Compre-      Equity
                         Of Shares    Amount      Capital     Warrants     Deficit       hensive     (Deficit)
                        -----------  ----------  -----------  ----------   -----------  ----------  ----------
<S>                      <C>         <C>         <C>          <C>          <C>          <C>         <C>

Balance, May 31, 1999    11,118,800   $  11,119   $1,952,671   $     -     $(1,208,160) $   18,158  $  773,788

Issuance of common stock
  at an average of $1.28
  per share and issuance
  of warrants at an
  average of $0.165 per
  warrant                   500,000         500      635,000     164,500           -            -      800,000

Options issued for
  consulting fees and
  compensation                  -           -            -       101,200           -            -      101,200

Issuance of warrants for
  professional fees             -           -            -        89,250           -            -       89,250

Issuance of common stock
  for cash at an average
  of $0.92 per share         168,333         168      154,832        -             -            -      155,000

Issuance of common stock
  for cash at $5.00
  per share                  153,000         153      764,847        -             -            -      765,000

Issuance of common stock
  for conversion of
  debt at $0.93 per share    168,628         168      156,656        -             -            -      156,824

Issuance of common stock
  for services at an
  average of $1.25 per
  share                       48,718          49       60,849        -             -            -       60,898

Issuance of common stock
  for cash at $1.00 per
  share                       25,000          25       24,975        -             -            -       25,000

Issuance of common stock
  for conversion of debt
  at $3.00 per share           5,000           5       14,995        -             -            -       15,000

Issuance of common stock
  in  exchange for debt
   at $0.67 per share        138,000          138      92,445        -             -            -       92,583

Stock rescinded upon
  termination                (30,000)         (30)         30        -             -            -          -

Loss for year ending
  May 31, 2000                   -            -           -          -      (3,139,323)         -   (3,139,323)

Foreign currency
  translation gain (loss)        -            -           -          -             -        (37,980)   (37,980)
                        -----------  ----------  -----------  ----------   -----------  ----------  ----------
Balance, May 31, 2000    12,295,479       12,295    3,857,300    354,950    (4,347,483)     (19,822)  (142,760)






See accountants' review report and accompanying notes.
Accountants page 4
<PAGE>  8
ELGRANDE.COM  INC.
CONSOLIDATED  STATEMENT  OF  STOCKHOLDERS'  EQUITY  (DEFICIT) (continued)



</TABLE>
<TABLE>

                                                                                        Accum-       Total
                              Common Stock                                               ulated      Stock-
                        -----------------------   Additional  Stock        Accum-       Other         holders
                         Number                   Paid-in     Options &     ulated      Compre-      Equity
                         Of Shares    Amount      Capital     Warrants     Deficit       hensive     (Deficit)
                        -----------  ----------  -----------  ----------   -----------  ----------  ----------
<S>                      <C>         <C>         <C>          <C>          <C>          <C>         <C>

Issuance of common stock
  for cash at an average
  of $0.50 per share       187,000         187       93,313        -              -            -       93,500

Common stock options
  exercised for cash and
  services at $0.39
  per share                550,000         550      214,450        -              -            -      215,000

Options issued for
  consulting fees              -           -            -       60,280            -            -       60,280

Stock issued for debt at
  $1.00 per share           67,000          67       66,933        -              -            -       67,000

Loss for three months
  ended August 31, 2000        -           -            -          -         (548,553)         -     (548,553)

Foreign currency
  translation gain (loss)      -           -            -          -              -         18,947     18,947
                        -----------  ----------  -----------  ----------   -----------  ----------  ----------
Balance, August 31,
  2000 (unaudited)      13,099,479    $ 13,099   $4,231,996   $415,230     $(4,896,036) $     (875) $(236,586)
                        ===========  ==========  ===========  ==========   ===========  ==========  ===========
</TABLE>


























See accountants' review report and accompanying notes.

Accountants page 4

<PAGE>  9
                                ELGRANDE.COM INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                 For the Three Months Ended
                                             ----------------------------------
                                                August 31,        August 31,
                                                  2000              1999
                                               (Unaudited)       (Unaudited)
                                             ---------------   ---------------

Cash  flows  from  operating  activities:
  Net loss                                   $     (548,553)   $     (851,415)
  Adjustments to reconcile net loss
    to net cash used by operating
    activities:
      Depreciation and amortization                  42,165            29,379
      Non-cash expenses                               4,308               -
      Services paid by issuance of
        common stock                                214,450               -
      Options issued for compensation                60,280               -
      Increase  in:
        Employee advance receivable                     -             (17,834)
        Other assets                                  1,284           (23,309)
        Accrued liabilities                           3,058               814
        Accounts payable                             43,357           703,440
      Decrease  in:
        Accrued interest                                -                (529)
        Deposits                                       (108)              -
                                             ---------------   ---------------
Net cash used in operating activities              (179,759)         (159,454)
                                             ---------------   ---------------
Cash  flows  from  investing  activities:
  Payments on leased equipment                       (3,834)              -
  Purchase of property and equipment                    -            (176,156)
  Investment                                            -             (60,000)
                                             ---------------   ---------------
Net cash used in investing activities                (3,834)         (236,156)
                                             ---------------   ---------------
Cash  flows  from  financing  activities:
  Proceeds from loans                                68,284                -
  Issuance of stock                                  94,050                -
                                             ---------------   ---------------
Net cash provided by financing activities           162,334                -
Net increase (decrease)  in cash                    (21,259)          (395,610)
Foreign currency translation gain (loss)             18,947             24,344
Cash, beginning of period                            32,385            371,266
                                             ---------------   ---------------
Cash, end of period                          $       30,073    $          -
                                             ===============   ================
SUPPLEMENTAL  DISCLOSURES:
  Cash paid for interest and income taxes:
          Interest                           $         577     $         1,829
                                             ===============   ================
          Income taxes                       $         -          $        -
                                             ===============   ================
NON-CASH INVESTING AND FINANCING ACTIVITIES:
  Services paid by issuance of stock         $      214,450    $           -
  Non-cash expenses                          $        4,308    $           -
  Options issued for professional fees       $       60,280    $           -

See accountants' review report and accompanying notes.
Accountants page 5
<PAGE>  10
                                ELGRANDE.COM INC.
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 AUGUST 31, 2000

NOTE  1  -  ORGANIZATION  AND  DESCRIPTION  OF  BUSINESS

Elgrande.com  Inc.,   formerly  Intellicom  Internet   Corp  (hereinafter   "the
Company"),  was incorporated in April 1998 under the laws of the State of Nevada
primarily  for  the  purpose  of developing and marketing internet applications,
specifically  for  books,  software,  audio  and video media, and computer games
while the Elgrande.com site is a stand-alone e-commerce site, its future purpose
will be as a proto-type demonstration site for the ShopEngine  suite of software
applications.  The  Elgrande.com  site  will  be  used to demonstrate ShopEngine
software  updates  and  as  a  marketing  tool  to  showcase the capabilities of
ShopEngine  to  prospective  shop supplies and shop operations.  The name change
to Elgrande.com Inc. was effective on September 19, 1998.  The Company maintains
an  office  in  Vancouver,  British  Columbia,  Canada.

Elgrande.com  Inc. formed a wholly owned subsidiary, Yaletown Marketing Corp, to
provide  management  and  administrative  services  for  the  Company.  Yaletown
Marketing  was  incorporated  February  23,  1999 in Victoria, British Columbia,
Canada.

The  Company's  year-end  is  May  31.

NOTE  2  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

This  summary  of  significant  accounting  policies  of  Elgrande.com  Inc.  is
presented  to  assist  in understanding the Company's financial statements.  The
financial  statements and notes are representations of the Company's management,
which  is  responsible  for  their  integrity and objectivity.  These accounting
policies  conform  to  generally  accepted  accounting  principles and have been
consistently  applied  in  the  preparation  of  the  financial  statements.

Principles  of  Consolidation
-----------------------------
The  consolidated  financial  statements include the accounts of the Company and
its  subsidiaries.  All  significant intercompany transactions and balances have
been  eliminated in consolidation.  References herein to the Company include the
Company  and  its  subsidiary,  unless  the  context  otherwise  requires.

Going  Concern
--------------
The  accompanying  financial  statements  have  been  prepared assuming that the
Company  will  continue  as  a  going  concern.

As  shown  in  the  accompanying  financial statements, the Company incurred net
losses  of  $548,553 and $851,415 for the three months ended August 31, 2000 and
1999,  respectively.  As  of August 31, 2000, the Company's liabilities exceeded
its  assets  by $236,586.  These circumstances raise substantial doubt about the
Company's  ability  to  continue  as  a going concern.  The Company is currently
putting  technology  in place which will, if successful, mitigate these factors.
The  financial  statements  do  not  include  any  adjustments  relating  to the
recoverability  and  classification  of  recorded  assets,  or  the  amounts and
classification  of  liabilities that might be necessary in the event the Company
cannot  continue  in  existence.





Accountants' page 6
<PAGE>  11
                                ELGRANDE.COM INC.
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 AUGUST 31, 2000

NOTE  2  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)
Management has established plans designed to increase the sales of the Company's
products.  Management  intends  to  seek  new capital from new equity securities
issuances  that  will  provide funds needed to increase liquidity, fund internal
growth  and  fully  implement  its  business  plan.

Accounting  Method
------------------
The  Company's  financial  statements  are  prepared using the accrual method of
accounting.  In  1999,  the Company changed its year-end from November 30 to May
31.

Basic  and  Diluted
-------------------
The  Company  has  adopted Statement of Financial Accounting Standards Statement
(SFAS)  No. 128, Earnings Per Share.  Basic earnings per share is computed using
the  weighted average number of common shares outstanding.  Diluted net loss per
share  is  the same as basic net loss per share as the inclusion of common stock
equivalents  would  be  antidilutive.  As  of  August  31, 2000, the Company had
1,220,000 options  outstanding which are  considered to be antidilutive.  As  of
August  31, 2000, the Company had  1,220,000 options outstanding and convertible
debt  of  $163,204 that would have been equal to 326,408 shares of common stock,
which  are  considered  to  be  antidilutive.

At  August  31,  2000, the Company also had an additional $30,000 in convertible
debt  which  has  not  been  negotiated  and the conversion feature has not been
determined.

Cash  and  Cash  Equivalents
----------------------------
For  purposes  of  the  Statement  of  Cash  Flows,  the  Company  considers all
short-term  debt securities purchased with a maturity of three months or less to
be  cash  equivalents.

Provision  for  Taxes
---------------------
At  August  31,  2000,  the  Company  had  accumulated  net  operating losses of
approximately  $4,800,000.  No  provision  for  taxes  or  tax  benefit has been
reported  in  the  financial  statements,  as there is not a measurable means of
assessing  future  profits  or  losses.

Use  of  Estimates
------------------
The  process  of  preparing  financial  statements  in conformity with generally
accepted  accounting  principles  requires  the use of estimates and assumptions
regarding  certain  types  of assets, liabilities, revenues, and expenses.  Such
estimates  primarily  relate to unsettled transactions and events as of the date
of  the  financial statements.  Accordingly, upon settlement, actual results may
differ  from  estimated  amounts.

Compensated  Absences
---------------------
Employees  of  the  Company  are  entitled  to paid vacation, paid sick days and
personal days off, depending on job classification, length of service, and other
factors.  It  is impracticable to estimate the amount of compensation for future
absences,  and,  accordingly, no liability has been recorded in the accompanying
financial  statements.  The  Company's  policy  is  to  recognize  the  costs of
compensated  absences  when  actually  paid  to  employees.
<PAGE>  12
                                ELGRANDE.COM INC.
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 AUGUST 31, 2000

NOTE  2  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

Year  2000
----------
Like  other  companies,  Elgrande.com  Inc.  could  be adversely affected if the
computer  systems  the  Company,  its suppliers or customers use do not properly
process  and  calculate  date-related  information  and  data  from  the  period
surrounding  and including January 1, 2000.  This is commonly known as the "Year
2000"  issue.  Additionally,  this  issue  could impact non-computer systems and
devices  such  as  production  equipment  and elevators, etc.  At this time, the
Company  does  not have any evidence of problems associated with the "Year 2000"
issue.  Any  costs  associated  with  year  2000  expensed  as  incurred.

Interim  Financial  Statements
------------------------------
The  interim financial statements for the period ended August 31, 2000, included
herein  have  not  been audited, at the request of the Company.  They do reflect
all  adjustments,  which are, in the opinion of management, necessary to present
fairly  the  results  of  operations  for  the period.  All such adjustments are
normal  recurring  adjustments.  The  results  of  operations  for  the  period
presented  is  not  necessarily indicative of the results to be expected for the
full  fiscal  year.

NOTE  3  -  PROPERTY  AND  EQUIPMENT

Property  and  equipment  are stated at cost.  Depreciation and amortization are
provided  using  the straight-line method over the estimated useful lives of the
assets.  The  useful  lives  of  property,  plant  and equipment for purposes of
computing  depreciation  and amortization are five to seven years. The following
is  a  summary  of  property,  equipment  and  accumulated  depreciation  and
amortization:


                            August 31,               August 31,
                              2000                     1999
                          -------------            --------------

Computers                 $     97,972             $      96,074
Furniture and fixtures          62,667                    78,595
Database  and  software        545,645                   545,645
                          -------------            --------------
                               706,284                   720,314
Less accum depreciation
 and amortization             (231,380)                  (48,901)
                          -------------            --------------
                          $    474,904             $     671,413
                          =============            ==============


Depreciation and amortization expense for the three months ended August 31, 2000
and  1999  were  $42,165  and  $29,379,  respectively.







<PAGE>  13
                                ELGRANDE.COM INC.
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 AUGUST 31, 2000

NOTE  4  -  INTANGIBLE  ASSETS

The  Company  has  capitalized,  for  the three months ended August 31, 2000 and
1999,  amounts of $545,645, which are the contractual cost of data base software
purchased  from  an  independent software supplier.  No portion of this software
was  internally  developed  and,   accordingly,  there  are  no  internal  costs
associated  with  this  software which were charged to research and development.
Consistent  with SOP 98-1, the costs of this software-which was purchased solely
for  internal  use  and  will  not be marketed externally-have been capitalized.

NOTE  5  -  COMMON  STOCK  AND  WARRANTS

Upon  incorporation, 4,000,000 shares of common stock were distributed at $0.001
per  share  to the board of directors for $4,000.  The succeeding share issuance
was  for  5,000,000  common  shares  at  $0.01  per  share  for  $50,000.  Under
Regulation  D, Rule 504, 943,800 shares of common stock were issued at $1.00 per
share for cash and subscriptions.  A May 1, 1999 issuance was for 300,000 units,
each  consisting  of  one  share of common stock and three common stock purchase
warrants  (Class  A,  Class B and Class C) at $3.00 per unit under Regulation D,
Rule  501.  Each  Class  A  warrant entitles the holder to acquire an additional
share  of  common  stock  for $7.50 per share at any time prior to May 31, 2006.
Each  Class  B  warrant  entitles  the  holder to acquire an additional share of
common  stock  for  $15.00  per share at any time prior to May 31, 2006 and each
Class  C  warrant  entitles  the holder to acquire an additional share of common
stock for $25.00 per share at any time prior to May 31, 2006.  The warrants have
no  assigned  value according to the Black-Scholes Option Price Calculation.  As
of  August  31,  2000,  none  of  the  warrants  have  been  exercised.

At  November  30,  1998,  $538,050  in  stock  subscriptions  was receivable and
subsequently  $491,305 of this was received by January 11, 1999.  The balance of
$46,745  was  collected  by  April  1999.

At  May  31,  1999,  the  Company's  third stock offering was over-subscribed by
$112,000  and  at  November  30,  1998  the  Company's second stock offering was
over-subscribed  by  $90,000.  These  amounts  were  recorded  on  the Company's
balance  sheets  as  a  current liability.  The overage of $90,000 was repaid to
subscribers  in  December  1998.  The  overage of $112,000 has subsequently been
converted  to  a  loan.  See  Note  11.

At  May 31, 1999, 25,000 shares of common stock had been granted but not issued.
The  Company  valued  these  services  at  $25,000 and, accordingly, recorded an
accrual  for  this  amount.  During  the  year ended May 31, 2000, the stock was
issued.

During  the  year  ended May 31, 2000, common stock shares were issued for cash,
services  and  debt  conversion.  The following common stock shares were issued:
646,333  shares  were  issued  for  $.97  to  $5.00  per  share in cash totaling
$1,221,015; 500,000 shares were issued with 1,000,000 warrants attached with the
stock valued at $1.28 per share and the warrants at an average value of $.16 per
warrant; 168,128 shares for debt in the total amount of $156,777;  48,718 shares
for services for $1.00 to $1.50 per share; 5,000 shares for accounts payable for







<PAGE>  14
                                ELGRANDE.COM INC.
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 AUGUST 31, 2000

NOTE  5  -  COMMON  STOCK  AND  WARRANTS  (CONTINUED)

$3.00  per  share;  138,000  shares for database expenses of $88,000; and 25,000
options  were  exercised  for  $1.00  per  share.  Upon termination, an employee
rescinded  30,000  shares  previously  treated  as  additional  compensation.

In  March  2000,  the  Company issued 75,000 warrants for professional services.
Each  warrant  is exercisable for 5 years with a price of $1.87.  The fair value
of  each  warrant granted is estimated on the grant date using the Black-Scholes
Option  Price  Calculation.  The  following  assumptions were made in estimating
fair  value:  the  risk-free  interest  rate  is  5%, volatility is 0.3, and the
expected  life  of  the  warrants is five years.  The fair market value of these
warrants  of  $89,250  was  recorded  as professional fees pursuant to Financial
Accounting Standard No. 123.  During the three months ended August 31, 2000, the
Company  issued  for cash 187,000 shares of common stock at $0.50 per share.  In
the  same three month period, 67,000 common stock shares were issued in exchange
for  debt at $1.00 per share and 550,000 common stock options were exercised for
cash  of  $550  and  services  valued  at  $214,450.

NOTE  6-STOCK  OPTIONS

During  the  year  ended  May  31,  2000,  the board of directors authorized the
exercise  of options to acquire 135,000 common stock shares for $1.00 per share.

On  June  11, 1999, the board of directors approved the Elgrande.com, Inc., 1999
Stock  Option  Plan.  This plan allows the Company to distribute up to 5,000,000
shares  of common stock shares to officers, directors, employees and consultants
through  the  authorization  of  the Company's board of directors.  The board of
directors also granted options to acquire 4,445,000 common stock shares at $3.00
per  share before June 11, 2004.  The Company's executive officers and directors
were  granted 4,225,000 of these options.  Subsequent to year-end, the Company's
executive  officers  and  directors  voluntarily returned all 4,225,000 of these
options  retroactively  to  the  date  of  the  grant.

The  fair value of each option granted was estimated on the grant date using the
Black-Scholes  Option Price Calculation.  The following assumptions were made to
estimate  fair value:  the risk-free interest rate is 5%, volatility is 0.5, and
the  expected  life  of  the options is five years.  Accordingly, $34,500 of the
option's  expense  was  initially  recorded  in  the Company's interim financial
statements  as compensation and the remaining options' expense of $2,010,200 was
recorded  as  consulting fees.  In accordance with Financial Accounting Standard
No.  123  paragraph  115,  this expense was deemed to be an estimate, subject to
adjustment  by  decreasing the expense in the period of forfeiture.  Pursuant to
the  return of the aforementioned options, management decreased compensation and
consulting  expenses  by  the  originally  recorded  $2,044,700.













<PAGE>  15
                                ELGRANDE.COM INC.
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 AUGUST 31, 2000

NOTE  6-STOCK  OPTIONS  (CONTINUED)

In  September 1998, the Company adopted the Elgrande.com Inc. 1998 Directors and
Officers  Stock Option Plan, a non-qualified plan.  This plan allows the Company
to  distribute  up  to  1,000,000 shares of common stock to officers, directors,
employees  and  consultants  through the authorization of the Company's Board of
Directors.  In November 30, 1998, the Company issued 850,000 common stock shares
for  the  services  of  consultants.

The  Company  valued  these  services  at  $50,000.  The  shares  issued include
negotiation  rights and began to vest in April, 1999, with 20% of shares vesting
every  six  months  until the consultants are fully vested in their shares.  See
Note  7.

The  fair  value of each option granted is estimated on the grant date using the
Black-Scholes  Option Price Calculation.  The following assumptions were made in
estimating  fair  value:  risk-free  interest rate is 5%, volatility is 0.5, and
expected  life  is  5  years.  During  the year ending May 31, 1999, the Company
issued  1,000,000  common stock options that may be exercised at any time before
March  15,  2004  at $1.00 per share.  The strike price of these options exceeds
the  options' minimum value calculated using the Black-Scholes model, therefore,
no  compensation  costs  have  been  recognized pursuant to Financial Accounting
Standard  No.123.

During the three months ended August 31, 2000, the board of directors authorized
137,000  options  in exchange for consulting services.  The Company valued these
services  at  $60,280.  The  options issued have an exercise price of $0.001 and
will  vest  in six equal installments at the end of each six-month period during
the  term  of the agreement.  The fair value of each option granted is estimated
on  the  grant  date  using  the  Black-Scholes  Option  Price Calculation.  The
following  assumptions  were  made in estimating fair value:  risk free interest
rate  is  5%,  volatility  is  .3,  and  expected  life  is  3  years.

The  following  is  a  summary  of  stock  option  activity:

                                                            Weighted
                                            Number          Average
                                              of            Exercise
                                            Shares          Price
                                        ----------          --------
Outstanding at 4-8-98 (inception)          850,000          $  $0.06
Granted                                  1,000,000              1.00
Exercised                                      -                -
Forfeited                                      -                -
                                        ----------          --------
Outstanding at 5-31-99                   1,850,000          $   0.57
                                        ==========          ========
Options exercisable at 5-31-99           1,170,000          $   0.86
                                        ==========          ========
Weighted average fair value of
options granted during 1999                                 $   1.00
                                                            ========






<PAGE>  16
                                ELGRANDE.COM INC.
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 AUGUST 31, 2000

NOTE  6-STOCK  OPTIONS  (CONTINUED)

                                                            Weighted
                                            Number          Average
                                              of            Exercise
                                            Shares          Price
                                        ----------          --------
Outstanding at 5-31-99                   1,850,000          $    .57
Granted                                    220,000              3.00
Exercised                                 (135,000)             1.00
Forfeited                                      -                -
                                        ----------          --------
Outstanding at 5-31-00                   1,935,000          $   0.82
Options Exercisable at 5-31-00           1,595,000          $   0.99
                                        ==========          ========
Weighted average fair value of
   options granted during 2000                              $   0.82
                                                            ========

                                                            Weighted
                                            Number          Average
                                              of            Exercise
                                            Shares          Price
                                        ----------          --------
Outstanding at 5-31-00                   1,595,000          $   0.82
Granted                                    687,000              0.40
Exercised                                 (550,000)             0.40
Forfeited                                      -                -
                                        ----------          --------
Outstanding at 8-31-00                   1,732,000          $   0.79
                                        ==========          ========
Options Exercisable at 8-31-00           1,595,000          $   0.86
Weighted Average fair value of
   options granted during 2001                              $   0.40
                                                            ========

NOTE  7  -  RELATED  PARTIES

Certain  consultants   which  received   common   stock   under  the   Company's
non-qualified  stock  option  plan  are  related  to the Company's directors and
stockholders.  Of  the  850,000  shares  issued  to consultants in 1999, 187,500
shares  were  issued to family members of directors who provided services to the
Company.  See  Note  6.

During the year ending May 31, 2000, the Company paid its officers and directors
$284,790  in consulting fees.  During the three months ended August 31, 2000 the
Company  paid  its  officers  and  director  $76,022  in  consulting  fees.











<PAGE>  17
                                ELGRANDE.COM INC.
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 AUGUST 31, 2000

NOTE  8  -  COMMITMENTS  AND  CONTINGENCIES

Lease  Commitments
------------------
The  Company leases office space in Vancouver, B.C., Canada from Yaletown Centre
Investment Ltd. for $4,488 per month.   The lease is effective from September 1,
1998  to  August  31, 2001.  The terms of the lease required the Company to give
the  lessor a $5,407 refundable security deposit.  During the year ended May 31,
2000,  this  deposit  was  applied  to  rent.

Future  minimum  rental  commitments  under  the operating lease are as follows:

Year  Ending  May  31,  2001     $53,856
Year  Ending  May  31,  2002      13,464
                                 -------
                                 $67,320
                                 =======

The  Company  leases telephone equipment under a capital lease expiring June 23,
2002.  The asset and liability under the capital lease are recorded at the lower
of  the  present  value  of  the minimum lease payments or the fair value of the
asset.  Depreciation  of  the  asset  under  capital  lease  is  included in the
Company's  recorded  depreciation  expense.

Future  minimum  lease  commitments  under  the  capital  lease  are as follows:

Year  Ending  May  31,  2001       $4,143
Year  Ending  May  31,  2002        8,969
Year  Ending  May  31,  2003        2,479
                                 ---------
                                  $15,591
                                 =========

Database  Development
---------------------
The Company's purchase commitment for services to develop a database at November
30,  1998 totaled $247,000, of which $72,800 was paid in 1998 and the balance of
$174,200  was  paid  by  March  1999.

Disputed  Accounts
------------------
The  Company  is  currently  in  dispute with MacDonald Harris & Associates Ltd.
("MHA")  regarding  consulting and computer services for the Company's database.
Management  believes  that  there  are  no outstanding amounts due to MHA as all
accounts  payable  from the Company to MHA were paid in full and the Company has
transferred  138,000  shares of common stock which was due to MHA.  However, MHA
claims  that  additional  amounts  may  be  due,  including  common stock in the
Company,  which the Company disputes.  Management believes that MHA's claims are
without merit and have made no provisions in the financial statements concerning
any  of  these  matters.  Further, management is taking steps to recover capital
equipment  purchased  on  behalf  of  the  Company  by  MHA.







<PAGE>  18
                                ELGRANDE.COM INC.
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 AUGUST 31, 2000

NOTE  9  -  TRANSLATION  OF  FOREIGN  CURRENCY

The  Company  has adopted Financial Accounting Standard No. 52.  Monetary assets
and  liabilities  denominated  in  foreign currencies are translated into United
States  dollars at rates of exchange in effect at the balance sheet date.  Gains
or  losses  are included in income for the year, except gains or losses relating
to  long-term  debt  which are deferred and amortized over the remaining term of
the debt.  Non-monetary assets, liabilities and items recorded in income arising
from  transactions  denominated in foreign currencies are translated at rates of
exchange  in  effect  at  the  date  of  the  transaction.

NOTE  10  -  CONCENTRATION  OF  CREDIT  RISK  FOR  CASH  HELD  AT  BANKS

The  Company maintains cash balances at two banks.  Accounts at each institution
are  insured  by  the  Canadian  Depository  Insurance up to $60,000 in Canadian
funds.  At  August  31,  2000,  no  accounts  exceeded  this  limit.

NOTE  11  -  NOTES  PAYABLE

The  Company's  long-term  debt  consists  of  a  note  secured by furniture and
computers  for  $47,000.  The terms of this agreement call for a balloon payment
of  all principal on November 30, 2000.  The Company's management expects to pay
this  amount  by  the  due date of the loan, which does not contain a stipulated
rate  of  interest.  Upon  origination, the estimated current value of this debt
was $39,543.  Imputed interest accrued at 8% per annum from November 30, 1998 to
May 31, 1999 was $4,753 and interest accrued from September 15, 1998 to November
30,  1998  was  $529.  This  note,  including accrued interest, was converted to
common  stock  in  November  1999.

Private  investors  have  loaned  the  Company $230,204, which is convertible to
common  stock  at  $0.50  per share.  In lieu of cash repayment of the loan, the
investors  will  receive common stock at a discounted rate of 20% of the closing
price of the stock on July 31, 2000.  At August 31,2000, 67,000 shares of common
stock  were  issued  at  $1.00  per  share  to  satisfy  a portion of this loan.

A  related party, the father of the co-founder of Elgrande.com, Inc., has loaned
the  Company  $30,000  which  is  expected to be satisfied with stock before the
year-end  May  31,  2001.

NOTE  12  -  INVESTMENT  IN  INDIGO  CITY  PARTNERSHIP

In  June  1999,  the  Company  entered  into  an electronic media agreement with
Hydrogen  Media,  Inc. ("HMI"), where both parties agreed to build an e-commerce
web  site.  Under  the  partnership,  which  is  referred  to as the Indigo City
Partnership,  the Company will provide all content for the web site and HMI will
provide  all programming.  Both the Company and HMI will have a 50% ownership in
the  web  site  and  related  intellectual  property  rights.

The Company is obligated to pay a total of $60,000 to HMI for its services under
the  contract.  At the financial statement date, the Company had paid $30,000 in
cash  and  recorded  the  remaining $30,000 as an account payable.  This payable
obligation  is  due  in  two installments of $15,000, based upon a specified web
site  construction  timeline of completion of beta testing and launch of the web
site.




<PAGE>  19
                               ELGRANDE.COM,  INC.

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

Results  of  Operations
-----------------------

There  are  revenues  of  $62,863  for  the  three months ended August 31, 2000,
representing  sale  of  merchandise, versus zero revenues as at August 31, 1999.
The  Company  activated its web site for test purposes in June 1999 and is fully
operational  as  of  January  1,  2000.

Comparison  of  the  Three  Months  Ended  August  31,  2000  and  1999
-----------------------------------------------------------------------

A  summary  of  expenses  for the quarter ended August 2000 compared to the same
period  in  1999  is  as  follows:

                                                   2000          1999
                                               ------------  ------------
          Consulting                               136,301       138,543
          Marketing  and  public  relations              0       210,374
          Software  and  internet  fees              7,682       154,969
          Administration  and  other               304,958       318,150
          Depreciation  and  amortization           42,156        29,379
                                               ------------  ------------
                                                   491,097       851,415
                                               ============  ============

Software  costs  include database development costs incurred of $6,461 to August
31,  2000.  Elgrande began operating under its own developed database in January
2000,  thereby  eliminating ongoing expenses incurred through Macdonald Harris &
Associates  accruing  in the approximate amount of $10,000 per month.  While the
company continues to develop this database site, it is currently identifying and
sourcing technology partners to assist in the growth of its database technology.

Administration  costs  include  payroll  costs  of  $38,730  and  general office
expenses  of  $266,228  to  August  31,  2000, compared to $111,499 and $206,651
respectively  for  the  year  ended  August  31,  1999.

The  Company  budgeted  its  cash requirements in order to develop the web based
contact  management system, and the central database that holds product data. To
date,  costs have been within the established budget.  The site was activated on
June  2,  1999  for  test  purposes.

Liquidity  and  Capital  Resources
----------------------------------

To  date,  the  Company has financed its development stage by the sale of common
stock.  The  Company  currently has insufficient cash to finance its operations,
but is actively pursuing several private placements.  An estimated $3 million is
believed  necessary  to  fully  execute  the  Company's  plan  of  operations.









<PAGE>  20

                               ELGRANDE.COM,  INC.
                                    PART  II.
                                OTHER  INFORMATION


Item  6.  Exhibits  and  Reports  on  Form  8-K

(a)     Exhibits.

        EX-27 - Financial Data Schedule, attached.

(b)     Reports  on  Form  8-K  relating  to the quarter ended August 31, 2000.

        The Company did  not file  any reports  on Form 8-K during  the quarter
ended August 31,  2000.




                                   SIGNATURES


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



                                   ELGRANDE.COM,  INC.



By:     /s/  Michael  F.  Holloran
 -------------------------------------
             Michael  F.  Holloran
             President  and  Chief  Executive  Officer


Dated:       October  16,  2000




















  21