FORM 10-QSB

                    U.S. SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C.  20549
                            ______________________

               Quarterly Report Under Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

               For the Quarterly Period Ended September 30, 1999

                       Commission File Number 13-4051167

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


            Nevada                          13-4051167
(State or other jurisdiction of    (IRS Employer Identification No.)
incorporation or organization)


          c/o Salem Krieger, 228 East 85th Street, New York, NY 10028
                   (Address of principal executive offices)
                                  (Zip Code)

                                (212) 439-6268
             (Registrant's telephone number, including area code)

     Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 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.

                             X  Yes        ___  No

     State the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

             Class                Outstanding as of November 12, 1999
         Common Stock                         1,038,500

<PAGE>

                        PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements.



                                NAVARONE, INC.
                         [A Development Stage Company]

                      UNAUDITED CONDENSED BALANCE SHEETS

                                    ASSETS

                                   September 30, December 31,
                                        1999         1998
                                    ___________  ___________
CURRENT ASSETS:
  Cash                               $    9,098   $   17,925
                                    ___________  ___________
        Total Current Assets              9,098       17,925
                                    ___________  ___________

OTHER ASSETS:
  Organizational costs, net                   -        1,000
                                    ___________  ___________
        Total Other Assets                    -        1,000
                                    ___________  ___________
                                     $    9,098   $   18,925
                                    ___________  ___________

                     LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
  Accounts payable                   $      830   $      187
                                    ___________  ___________
        Total Current Liabilities           830          187
                                    ___________  ___________
STOCKHOLDERS' EQUITY:
  Common stock, $.001 par value,
   25,000,000 shares authorized,
   1,038,500 shares
   issued and outstanding                 1,039        1,039
  Capital in excess of par value         34,326       31,826
  Deficit accumulated during the
    development stage                   (27,097)     (14,127)
                                    ___________  ___________
        Total Stockholders' Equity        8,268       18,738
                                    ___________  ___________
                                     $    9,098   $   18,925
                                    ___________  ___________








NOTE:   The balance sheet at December 31, 1998 was taken from the audited
        financial statements at that date and condensed.


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

                                   2
<PAGE>
                                 NAVARONE, INC.
                         [A Development Stage Company]


                 UNAUDITED CONDENSED STATEMENTS OF OPERATIONS


                           For the Three       For the Nine     From Inception
                           Months Ended        Months Ended      on March 19,
                           September 30,       September 30,     1997 Through
                        ___________________ ___________________  September 30,
                           1999      1998      1999     1998         1999
                        _________ _________ _________ _________ ______________
REVENUE                  $     -   $     -   $     -   $     -    $      -
                        _________ _________ _________ _________ ______________
EXPENSES:
  General and
    administrative         2,635         -     7,970         -      22,097
  Research and
    development                -         -     4,000         -       4,000
                        _________ _________ _________ _________ ______________
    Total Expense          2,635         -    11,970         -      26,097
                        _________ _________ _________ _________ ______________
LOSS BEFORE CHANGE IN
  ACCOUNTING PRINCIPLE    (2,635)        -   (11,970)        -     (26,097)

CUMULATIVE EFFECT OF
  CHANGE IN ACCOUNTING
  PRINCIPLE                    -         -    (1,000)        -      (1,000)
                        _________ _________ _________ _________ ______________
LOSS BEFORE INCOME
  TAXES                   (2,635)        -   (12,970)        -     (27,097)

CURRENT TAX EXPENSE            -         -         -         -           -

DEFERRED TAX EXPENSE           -         -         -         -           -
                        _________ _________ _________ _________ ______________
NET LOSS                 $(2,635)  $     -  $(12,970) $      -    $(27,097)
                        _________ _________ _________ _________ ______________
LOSS PER COMMON
  SHARE                  $  (.00)  $     -  $   (.01) $      -    $   (.03)
                        _________ _________ _________ _________ ______________




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

                                    3
<PAGE>

                                NAVARONE, INC.
                         [A Development Stage Company]

                 UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

                                            For the Nine     From Inception
                                            Months Ended      on March 19,
                                            September 30,     1997 Through
                                         ___________________  September 30,
                                            1999     1998         1999
                                         _________ _________ ______________

Cash Flows Provided by Operating
 Activities:
  Net loss                               $(12,970) $      -     $(27,097)
  Adjustments to reconcile net
   loss to net cash used by
   operating activities:
    Non-cash expense                        1,000         -        1,000
    Changes in assets and liabilities:
     Increase in accounts payable             643         -          830
                                         _________ _________ ______________
        Net Cash (Used) by Operating
         Activities                       (11,327)        -      (25,267)
                                         _________ _________ ______________
Cash Flows Provided by Investing
 Activities:
  Payments for organization costs               -         -       (1,000)
                                         _________ _________ ______________
        Net Cash (Used) by Investing
         Activities                             -         -       (1,000)
                                         _________ _________ ______________
Cash Flows Provided by Financing
 Activities:
  Proceeds from common stock issuance           -         -       39,500
  Payment of stock offering costs               -         -       (6,635)
  Capital contribution                      2,500         -        2,500
                                         _________ _________ ______________
        Net Cash Provided by Financing
         Activities                         2,500         -       35,365
                                         _________ _________ ______________
Net Increase in Cash                       (8,827)        -        9,098

Cash at Beginning of Period                17,925         -            -
                                         _________ _________ ______________
Cash at End of Period                    $  9,098  $      -     $  9,098
                                         _________ _________ ______________
Supplemental Disclosures of Cash Flow Information:
  Cash paid during the period for:
    Interest                             $      -  $      -     $      -
    Income taxes                         $      -  $      -     $      -

Supplemental Schedule of Noncash Investing and Financing Activities:
  For the Period Ended September 30, 1999
     None

  For the Period Ended September 30, 1998
     None







   The accompanying notes are an integral part of these unaudited condensed
   financial statements.
                                   4
<PAGE>

                                NAVARONE, INC.
                         [A Development Stage Company]

               NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

  Organization - Navarone, Inc. (the Company) was organized under  the  laws  of
  the  State  of  Nevada on March 19, 1997.  It intends to  develop  and  pursue
  patent  protection  for  novelty  items for the  photographic  industry.   The
  Company also intends to manufacture and market its inventions.

  Condensed  Financial Statements - The accompanying financial  statements  have
  been prepared by the Company without audit.  In the opinion of management, all
  adjustments  (which  include only normal recurring adjustments)  necessary  to
  present fairly the financial position, results of operations and cash flows at
  September 30, 1999 and for all the periods presented have been made.

  Certain  information and footnote disclosures normally included  in  financial
  statements   prepared   in  accordance  with  generally  accepted   accounting
  principles  have  been  condensed or omitted.   It  is  suggested  that  these
  condensed  financial  statements  be read in conjunction  with  the  financial
  statements  and  notes  thereto included in the Company's  December  31,  1998
  audited financial statements.  The results of operations for the periods ended
  September 30, 1999 are not necessarily indicative of the operating results for
  the full year.

  Organization  Costs - The Company has expensed its organization  costs,  which
  reflect  amounts  expended to organize the Company,  in  accordance  with  the
  Statement of Position 98-5.

  Loss  Per  Share - The computation of loss per share is based on the  weighted
  average number of shares outstanding during the period presented in accordance
  with Statement of Financial Accounting Standards (SFAS) No. 128, "Earnings Per
  Share".  [See Note 6]

  Cash  and  Cash  Equivalents - For purposes of the financial  statements,  the
  Company considers all highly liquid debt investments purchased with a maturity
  of three months or less to be cash equivalents.

  Accounting  Estimates - The preparation of financial statements in  conformity
  with  generally  accepted accounting principles requires  management  to  make
  estimates  and  assumptions that affect the reported  amounts  of  assets  and
  liabilities, the disclosures of contingent assets and liabilities at the  date
  of  the financial statements, and the reported amount of revenues and expenses
  during the reported period.  Actual results could differ from those estimated.

  Research and Development - The Company expenses research and development costs
  as incurred.  Expenditures for research and development were $0 and $4,000 for
  the three and nine months ended September 30, 1999, respectively.

NOTE 2 - CASH

  The Company's attorney (an officer of the Company) currently holds monies
  belonging to the Company in a non-interest bearing and noninsured account.

                                     5
<PAGE>

                                NAVARONE, INC.
                         [A Development Stage Company]

               NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 3 - CAPITAL STOCK

  Common  Stock  -  In  October 1998, the Company issued 38,500  shares  of  its
  previously authorized, but unissued common stock.  Proceeds from the  sale  of
  stock  amounted to $31,865 (or $1 per share), net of stock offering  costs  of
  $6,635.

  On  March  19,  1997, in connection with its organization, the Company  issued
  1,000,000  shares  of  its previously authorized, but unissued  common  stock.
  Total proceeds from the sale of stock amounted to $1,000 (or $.001 per share).

NOTE 4 - RELATED PARTY TRANSACTIONS

  The  principal shareholders are officers of the Company who also provide legal
  and  managerial  services  to  the Company.  Prototype  development  has  been
  provided  by  the  President of the Company utilizing existing  studio  space,
  equipment  and materials at an estimated total value of $7,000.  The President
  has donated $2,500 of these expenses as a capital contribution.

  As  anticipated  in  the offering plan the following fees have  been  paid  to
  principal shareholders of the Company:

                Officers fees        $  5,000
                Legal fees              5,000
                                     ________
                                     $ 10,000
                                     ________

  The  Company maintains, rent free, a mailing address at the office of  one  of
  its officers.

NOTE 5 - INCOME TAXES

  The  Company  accounts  for  income  taxes in  accordance  with  Statement  of
  Financial  Accounting Standards No. 109 "Accounting for Income  Taxes".   SFAS
  No.109  requires  the  Company to provide a net deferred  tax  asset/liability
  equal  to  the  expected  future tax benefit/expense  of  temporary  reporting
  differences  between  book  and  tax  accounting  methods  and  any  available
  operating  loss  or  tax  credit carryforwards.  At September  30,  1999,  the
  Company  has  available unused operating loss carryforwards  of  approximately
  $25,500,  which may be applied against future taxable income and which  expire
  in 2018 through 2019.

  The amount of and ultimate realization of the benefits from the operating loss
  carryforwards for income tax purposes is dependent, in part, upon the tax laws
  in  effect,  the future earnings of the Company, and other future events,  the
  effects of which cannot be determined.  Because of the uncertainty surrounding
  the  realization  of  the  loss carryforwards the Company  has  established  a
  valuation  allowance  equal to the tax effect of the loss  carryforwards  and,
  therefore,   no  deferred  tax  asset  has  been  recognized  for   the   loss
  carryforwards.   The  net  deferred tax assets are  approximately  $8,700  and
  $4,800  as of September 30, 1999 and December 31, 1998, respectively, with  an
  offsetting valuation allowance at each period end of the same amount resulting
  in  a  change in the valuation allowance of approximately $3,900 for the  nine
  months ended September 30, 1999.

                                     6
<PAGE>
                                NAVARONE, INC.
                         [A Development Stage Company]

               NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 6 - LOSS PER SHARE

  The  following data show the amounts used in computing loss per share for  the
  periods ended September 30, 1999 and 1998:

                           For the Three       For the Nine     From Inception
                           Months Ended        Months Ended      on March 19,
                           September 30,       September 30,     1997 Through
                        ___________________ ___________________  September 30,
                           1999      1998      1999     1998         1999
                        _________ _________ _________ _________ ______________
Loss from continuing
 operations available
 to common shareholders
 (numerator)            $ (2,635) $      -  $(12,970)  $     -    $(27,097)
                        _________ _________ _________ _________ ______________
Weighted average number
 of common shares
 outstanding usedin
 loss per share for the
 period(denominator)    1,038,500 1,000,000 1,038,500 1,000,000  1,015,150
                        _________ _________ _________ _________ ______________

NOTE 7 - DEVELOPMENT STAGE COMPANY

  The  Company  was  formed with a very specific business  plan.   However,  the
  possibility exists that the Company could expend virtually all of its  working
  capital  in  a  relatively  short time period and may  not  be  successful  in
  establishing on-going profitable operations.

                                    7
<PAGE>


Item 2.  Management's Discussion and Analysis or Plan of Operation.

     The following discussion and analysis provides information which
management believes is relevant to an assessment and understanding of the
Company's results of operations and financial condition. The discussion should
be read in conjunction with the financial statements and notes thereto.

Plan of Operation

  Navarone,  Inc.  is a new company in the development phase, engaged  in  the
  development  of novelty items. The Company is currently developing  a  cloud
  lamp  or  serenity  lamp which is a small decorative  lamp  inside  a  clear
  plexiglass  box,  supported by a frosted or semi-opaque  white  plexi  base,
  containing  pre-sunset clouds and a soothing photographic image  which  will
  appear  to be lit from within.  The Company is also pursuing the development
  of  booger  bubble  gum  collectibles, which are collectible  cards  bearing
  photos  of drawings or grotesque characters and scenes, design to gross  out
  kids.   There  is no guarantee that these products will prove to patentable,
  or the manufacturing, marketing and sales will ever occur.

     The Company does not have sufficient funding to meet its anticipated cash
needs. The current officers and directors are presently contemplating a
secondary offering of securities to fund the costs of operating the Company,
but no decision has yet been made in this regard. There is no assurance that
the Company will be able to successfully generate sufficient cash flows
through the marketing and selling of its product to fund continuing operations
or that the Company will be successful in raising additional funding.

     The Company has experienced net losses during the development stage
(March 19, 1997 to present) and has had no revenues during such period. Since
inception, the Company has expended $27,097 of its working capital and has had
no significant cashflows from business operations. On the date of this report,
it had assets of only $9,098 in the form of cash being held by an officer of
the Company.  In light of these circumstances, the ability of the Company to
continue as a going concern is significantly in doubt. The attached financial
statements do not include any adjustments that might result from the outcome
of this uncertainty.

Forward-Looking Statements

     When used in this Form 10-Q or other filings by the Company with the
Securities and Exchange Commission, in the Company's press releases or other
public or shareholder communications, or in oral statements made with the
approval of an authorized officer of the Company's executive officers, the
words or phrases "would be", "will allow", "intends to", "will likely result",
"are expected to", "will continue", "is anticipated", "estimate", "project",
or similar expressions are intended to identify "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.

       The Company cautions readers not to place undue reliance on any forward-
looking statements, which speak only as of the date made, and advises readers
that forward-looking statements involve various risks and uncertainties. The
Company does not undertake, and specifically disclaims any obligation to
update any forward-looking statements to reflect occurrences or unanticipated
events or circumstances after the date of such statement.

                                8
<PAGE>

                          PART II - OTHER INFORMATION

Item 1.  Legal Proceedings.

     None.

Item 2.  Changes in Securities and Use of Proceeds.

     None.

Item 3.  Defaults Upon Senior Securities.

     None.

Item 4.  Submission of Matters to Vote of Securityholders.

     None.

Item 5.  Other Information.

     None.

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

     (a)  Exhibits
          None

     (b)  Reports on Form 8-K:
          None.

                                  SIGNATURES

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

                                      NAVARONE, INC.




Date: November 13, 1999               By  /s/ Salem Krieger
                                          Salem Krieger
                                          President

                                  9