U.S. 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 October 31, 2001

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


                         HOUSTON INTERWEB DESIGN, INC.
             -----------------------------------------------------
            (Exact name of registrant as specified in its charter)

                       Commission file number: 000-67871



            Texas                                        76-0532709
--------------------------------            ------------------------------------
(State or Other Jurisdiction of             (I.R.S. Employer Identification No.)
Incorporation or Organization)



                        5599 San Felipe, Suite #975 77056
                ------------------------------------------------
               (Address of Principal Executive Office) (Zip Code)


                                  713-627-9494
                                 ------------
             (Registrant's Telephone Number, Including Area Code)


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 [ ]

As of  October  31,  2001  registrant  had  24,435,477  shares of  Common  Stock
outstanding.
<PAGE>


                         HOUSTON INTERWEB DESIGN, INC.

                            FORM 10-QSB REPORT INDEX



10-QSB PART AND ITEM NO.
------------------------

Part I    Financial Information

Item 1.   Financial Statements (Unaudited)
          Balance Sheet as of October 31, 2001..........................   3


          Income Statements October 31, 2001 and 2000...................   4


          Statements of Cash Flows for October 31, 2001
          and 2000......................................................   5

          Notes to Financial Statements.................................   6

Item 2.   Management's Discussion and Analysis of Financial
          Condition and Results of Operations...........................   6

Part II   Other Information

Item 1.   Deleted.......................................................   8

Item 2.   Deleted.......................................................   8

Item 3.   Deleted.......................................................   8

Item 4.   Deleted.......................................................   8

Item 5.   Deleted.......................................................   8

Item 6.   Exhibits and Reports on Form 8-K..............................   9

Signature...............................................................  10

                                        2
<PAGE>


                          HOUSTON INTERWEB DESIGN, INC.
                                  BALANCE SHEET

                                                            31-Oct-01
                                                         ---------------
ASSETS
Current Assets
  Cash.................................................  $     4,386
  Accounts receivable-trade............................        6,546
  Other................................................       11,025
                                                         -----------
     Total Current Assets..............................       21,957
                                                         -----------

  Other................................................          407
                                                         -----------
     TOTAL ASSETS......................................  $    22,364
                                                         ===========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
  Accounts payable.....................................  $   240,986
  Accrued expenses.....................................      336,954
  Due to affiliates....................................      929,270
  Notes payable   .....................................       50,483
                                                         -----------
     Total Current Liabilities.........................    1,557,693
                                                         -----------
Stockholders' Equity
  Preferred stock, $.01 par value, 5,000,000 shares
    authorized, no shares issued or outstanding........            -
  Common Stock, no par value, 50,000,000 shares
     authorized, and 24,435,477 shares issued and
     outstanding.......................................    5,232,826

  Retained (deficit)...................................   (6,768,155)
                                                         -----------
     Total Stockholders' Equity (Deficit)..............   (1,535,329)
                                                         -----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY.............  $    22,364
                                                         ===========


                                        3
<PAGE>


                                     PART I

                         HOUSTON INTERWEB DESIGN, INC.
                                INCOME STATEMENTS

                                                       For Three Months
                                                       Ended October 31,
                                               ---------------------------------
                                                  2001                   2000
                                               ------------         ------------
REVENUES
   Affiliates................................  $         -           $         -
   Nonaffiliates.............................       49,089               492,698
      TOTAL REVENUES.........................       49,089               492,698

EXPENSES
   Cost of Revenues..........................       31,800               328,869
   Selling...................................            -                34,976
   General and Administrative ...............      102,750               271,478
   Depreciation and Amortization ............            -                23,810
      Interest Expense.......................        4,842                 2,748
                                               -----------           -----------
      TOTAL EXPENSES.........................      139,392               661,881
                                               -----------           -----------
NET LOSS...................................   $   (90,303)          $  (169,183)
                                               ===========           ===========
NET LOSS PER SHARE, BASIC AND DILUTED........ $     (0.00)          $     (0.01)

AVERAGE SHARES OUTSTANDING, BASIC AND DILUTED   24,435,477            17,827,425


                                        4
<PAGE>


                         HOUSTON INTERWEB DESIGN, INC.
                            STATEMENTS OF CASH FLOWS

                                                           For Three Months
                                                           Ended October 31,
                                                      --------------------------
                                                        2001             2000
                                                      ---------       ----------
Cash Flows from Operating Activities
Net(loss)..........................................  $(90,303)        (169,183)
Adjustments to reconcile net loss to net cash
provided by operating activities
Depreciation and amortization......................          -           23,810
Common stock issued for services...................          -           56,668
Changes in:
Accounts Receivable-trade..........................     33,174          (48,574)
Other current assets...............................          -                -
Accounts payable...................................     63,014          (81,722)
Accrued expenses...................................    (41,488)         124,960
Customer Deposits..................................          _          (12,048)
                                                      ---------       ----------
Cash flows (used by) Operating Activities..........    (35,603)        (106,089)
                                                      ---------       ----------
Cash flow from Financing activities
Common stock sale..................................          -            7,500
Due to affiliates..................................     25,229                -
Short-term notes...................................     13,914           88,910
                                                     ---------       ----------
Cash flows provided
financing activities...............................     39,143           96,410
                                                     ---------       ----------
Net increase in cash...............................      3,540          (9,679)
Cash Balance -- Beginning of the period............        846           18,655
                                                     ---------       ----------
Cash Balance -- End of the period..................  $   4,386            8,977
                                                     =========       ==========

                                        5
<PAGE>

NOTE A - PRESENTATION

The unaudited consolidated financial statements of Houston Interweb Design, Inc.
have been prepared in accordance with generally accepted  accounting  principles
and the rules of the Securities and Exchange Commission  ("SEC"),  and should be
read in  conjunction  with the audited  financial  statements  and note  thereto
contained in the  Company's  latest Annual Report filed with the SEC on Form 10-
KSB.  In the  opinion  of  management,  all  adjustments,  consisting  of normal
recurring  adjustments,  necessary for a fair presentation of financial position
and the  results of  operations  for the  interim  periods  presented  have been
reflected  herein.  The  results  of  operations  for  interim  periods  are not
necessarily indicative of the results to be expected for the full year. Notes to
the financial  statements  which would  substantially  duplicate the  disclosure
contained in the audited  financial  statements  for the most recent fiscal year
2001 as reported in the Form 10-KSB, have been omitted.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

 The statements contained herein and other information  contained in this report
may be  based,  in part,  on  management's  estimates,  projections,  plans  and
judgments. As such, these are forward looking statements and involve a number of
risks and uncertainties.  A number of factors,  which could cause actual results
to differ significantly include: general economic conditions, competitive market
influences,  technology  changes,  and other  influences  beyond the  control of
management.

GENERAL

 The Company  recognizes  revenue as services are provided,  in accordance  with
customer agreements. For the quarter ended October 31, 2001, approximately 43%
of the  Company's  total  revenues  were  derived from two  customers  Enron and
Houston  Chronicle.   Royalty  income  from  software  licensing  agreements  is
recognized as it is earned per the individual  terms of each royalty  agreement,
and is generally  comprised of a minimum amount plus a stated  percentage of the
applicable  licensee's  sales.  The Company uses the direct  write-off method in
accounting for bad debts, the results of which are not materially different from
the allowance method.

 The Company  accounts  for property  and  equipment  at cost with  depreciation
calculated  using the  straight-line  method  over its  estimated  useful  lives
ranging  from five to ten years.  When assets are retired or  otherwise  removed
from the  accounts,  any  resulting  gain or loss is reflected in income for the
period.  The cost of  maintenance  and repairs is charged to expense as incurred
and significant renewals and improvements are capitalized.

                                        6
<PAGE>


 The Company utilizes the liability method in accounting for income taxes. Under
the liability  method,  deferred tax assets and liabilities are determined based
on  differences  between  financial  reporting  and  tax  bases  of  assets  and
liabilities  and are measured using  anticipated tax rates and laws that will be
in effect when the  differences  are  expected to reverse.  The  reliability  of
deferred tax assets are evaluated annually and a valuation allowance is provided
if it is  likely  that the  deferred  tax  assets  will not give  rise to future
benefits in the Company's tax returns.

Results of Operations

 Results of  operations  for the period  three  months  ended  October  31, 2000
compared with the results of operations for three months ended October 31, 2001.

 Revenues decreased from $492,698 for the three months ended October 31, 2000 to
$49,089 for the three months ended October 31, 2001.

 Revenues from  affiliates  remained  constant at $0 for the three  months ended
October 31,  2000 to $0 for the three  months  ended  October  31,  2001.  While
revenues from non-affiliates  decreased from $492,698 for the three months ended
October 31, 2000 to $49,089 for the three  months ended  October 31,  2001.  The
decrease of $443,610 or 90% is due to  restructuring of the company and economic
slowdown in the U.S. economy.

  Cost of Revenues  decreased  from  $328,869 for the three months ended October
31, 2000 to $31,800 for the three months ended October 31, 2001. The decrease
of  $297,069  or 90% is due to  decreased  labor  cost and  cost of  goods  sold
associated with production of Cyber-Pitch cards during the previous period.

  Selling expenses decreased from $34,976 for the three months ended October 31,
2000 to $0 for the three months ended October 31, 2000.  The decrease of $34,976
or  100% is due to  decrease  in  advertising  expense  and  decrease  in  sales
salaries.

  General and  administrative  expenses  decreased  from  $271,478 for the three
months ended October 31, 2000 to $102,750 for the three months ended October 31,
2001.  The decrease of $168,728 or 62% is due to decrease in  professional  fees
and salary expenses.

  Depreciation  and  amortization  decreased  from  $23,810 for the three months
ended October 31, 2000 to $0 for the three months ended October 31, 2001.
The decrease of $23,810 or 100% is due to write off of all  goodwill  associated
with acquisitions of Axis  Technologies and Team  Productions,  Inc. and sale of
all furniture, fixtures and equipment.

  Interest expense  increased from $2,748 for the three months ended October 31,
2000 to $4,842 for the three months ended October 31, 2001.  The increase is due
to increase in short-term loans.

 The  Company  had a net loss of  $169,183  for the period  three  months  ended
October 31, 2000  compared with a net loss of $90,302 for the three months ended
October 31, 2001. The decrease net loss of $78,880 or 47% was due to decrease in
salary expenses and increase in operational efficiency. Net loss per share of
common stock was $ (.01) for the three months ended  October 31, 2000,  compared
to $ (.00) for three months ended October 31, 2001.

 The  Company  may in the  future  experience  significant  fluctuations  in its
results of operations.  Such  fluctuations may result in volatility in the price
and/or value of the Company's common stock.  Results of operations may fluctuate
as a result of a variety of factors,  including  demand for the Company's design
and  creation  of Internet  web sites,  the  introduction  of new  products  and
services,  the timing of significant marketing programs, the success of reseller
and  license  agreements,  the number  and  timing of the  hiring of  additional
personnel,   competitive   conditions  in  the  industry  and  general  economic
conditions.  Shortfalls in revenues may adversely and disproportionately  affect
the Company's  results of operations  because a high percentage of the Company's
operating expenses are relatively fixed. Accordingly,  the Company believes that
period to period  comparisons of results of operations should not be relied upon
as an indication of future results of operations. There can be no assurance that

                                        7
<PAGE>


the Company will be profitable.  Due to the foregoing factors, it is likely that
in one or more future  periods the  Company's  operating  results  will be below
expectations.

  The Company had a working  capital  deficit of $1,535,736 and a  stockholders'
equity  deficit of  $1,535,329  at October 31,  2001.  The  company's  financing
activities  generated  sufficient cash to meet its obligations on a timely basis
and to  refinance  its  debt  however  cash  flows  are not  sufficient  to fund
operations internally.

LIQUIDITY AND CAPITAL RESOURCES

 As of October 31, 2001, the Company's primary source of liquidity was $4,386 of
cash and $6,546 of accounts receivable.

 Net cash used by operating  activities  for three months ended October 31, 2000
was $106,089 as compared to net cash used in operating activities of $35,603 for
the three  months  ended  October 31,  2001.  The  decrease in net cash used was
primarily attributed to decreased net loss and increases in accrued expenses.

  Net cash flow from financing  activities decreased from $ 96,410 for the three
months ended  October 31, 2000 to $39,143 for the three months ended October 31,
2001.

 The Company's internally generated cash flows from operations have historically
been and continue to be insufficient for its cash needs. As of October 31, 2001,
the Company's sources of external and internal financing were limited. It is not
expected that the internal  source of liquidity  will improve until  significant
net cash is provided by operating  activities,  and until such time, the Company
will rely upon  external  sources  for  liquidity.  Until the Company can obtain
monthly sales levels of approximately $50,000, which would be sufficient to fund
current  working  capital  needs,  there is uncertainty as to the ability of the
Company to expand its business and continue its current  operations.  Management
believes that the Company will be able to satisfy its cash  requirements for the
next 12 months.  Historically,  revenues have covered costs. Management believes
that projected  revenues from licensees will cover costs.  There is no assurance
that the current working  capital will be sufficient to cover cash  requirements
for the balance of the current fiscal year or to bring the Company to a positive
cash flow position. Lower than expected earnings resulting from adverse economic
conditions or  otherwise,  could  restrict the  Company's  ability to expand its
business  as planned,  and if severe  enough may shorten the period in which the
current working  capital may be expected to satisfy the Company's  requirements,
force curtailed operations, or cause the Company to sell assets.

                                        8
<PAGE>


                                     PART II

 Pursuant to the Instructions to Part II of the Form 10-QSB, Items 1 and 3-5 are
omitted.

ITEM 2.  CHANGES IN SECURITIES

          None.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)  The following exhibits are to be filed as part of this Form 10-QSB:

EXHIBIT NO.                        IDENTIFICATION OF EXHIBIT
- -----------                        -------------------------

3.1/1/    Amended and  Restated Articles  of  Incorporation  3.2/1/  Articles of
          Amendment to the Articles of Incorporation  3.3/1/ By-Laws of the
          company 3.4/1/ Articles of Correction to the Amended and Restated
          Articles of Incorporation
3.5/1/    Articles of Correction to the Articles of Amendment to the
          Articles of Incorporation
4.1/1/    Form of Specimen of common stock
10.1/1/   Letter Agreement between the company and PinkMonkey.com, Inc.
10.2/1/   Software License and Marketing Agreement between the company and
          Websource Media, L.L.C.
10.3/1/   Software Reseller Agreement between the company and Harry Bauge
10.4/1/   Letter Agreement between the company and Harry Bauge
10.5/1/   Agreement between the company and NetTrade Online, L.L.C.
10.6/1/   Employment Agreement between the company and Harry White
10.7/1/   Employment Agreement between the company and Richard Finn
10.8/1/   Employment Agreement between the company and Lee Magness
10.9/1/   Lease Agreement
27.1/2/   Financial Data Schedule

----------------

/1/ Filed as an Exhibit to the company's registration statement on Form SB-2
    (File No.  67871) on June 15, 1999, and herein incorporated by reference.
/2/ Filed herewith.

(b) There have been no reports filed on Form 8-K.

                                        9
<PAGE>


                                   SIGNATURES

 In  accordance  with the Exchange Act, this report has been signed below by the
following persons on behalf of the undersigned, thereunto duly authorized.


                                         Houston Interweb Design, Inc.


Date:  May 29, 2002                        /s/  Lee A. Magness
                                         -----------------------------
                                         Lee A. Magness
                                         President and Chief Executive Officer

                                       10