UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON, DC 20549

                             FORM 10-QSB

(Mark One)

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

     For the quarter ended September 30, 2003


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

     For the transition period from __________ to __________

                   Commission file number 000-26037

                   VISUAL BIBLE INTERNATIONAL, INC.
                   --------------------------------
  (Exact Name of Small Business Issuer as Specified in Its Charter)


            Florida                        65-1030068

 (State or Other Jurisdiction   (IRS Employer Identification
       of Incorporation)        Number)


     1235 Bay Street, Suite 300, Toronto, Ontario  M5R 3K4 Canada
    -------------------------------------------------------------
               (Address of Principal Executive Offices)


                            (416) 921-9950
                            --------------
           (Issuer's Telephone Number, Including Area Code)



        ------------------------------------------------------
(Former Name, Former Address and Former Fiscal Year, if Changed
                          Since Last Report)



     Check whether the issuer (1) filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act during the past 12
months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                           YES [X]   NO [ ]


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

     Check whether the registrant filed all documents and reports
required to be filed by Section 12, 13 or 15(d) of the Exchange Act
after the distribution of securities under a plan confirmed by a court.

                          YES [ ]   NO [  ]


                 APPLICABLE ONLY TO CORPORATE ISSUERS

     State the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date:  As of
November 18, 2003, there were 58,758,873 shares of the Registrant's
$.001 par value common stock outstanding.

Transitional Small Business Disclosure Format (check one):

                          YES [  ]   NO [X]


<PAGE>



                          TABLE OF CONTENTS


Part I - FINANCIAL INFORMATION

Item 1.   Financial Statements.

(a)  Consolidated Balance Sheets as of September 30, 2003 and
     December 31, 2002

(b)  Consolidated Statements of Operations for the three month
     periods ended September 30, 2003 and September 30, 2002 and for
     the nine month periods ended September 30, 2003 and September
     30, 2002

(c)  Consolidated Statements of Cash Flows for the nine month
     periods ended September 30, 2003 and September 30, 2002

(d)  Notes to Financial Statements

Item 2.   Management's Discussion and Analysis.

Item 3.   Controls and Procedures.

PART II.  OTHER INFORMATION

Item 1.    Legal Proceedings.

Item 2.    Changes in Securities and Use Of Proceeds.

Item 3.    Defaults on Senior Securities.

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

Item 5.    Other Information.

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

SIGNATURES



<PAGE>



Item 1.   Financial Statements.


(a)  Consolidated Balance Sheets as of September 30, 2003 and
     December 31, 2002

          VISUAL BIBLE INTERNATIONAL, INC. AND SUBSIDIARIES
                     CONSOLIDATED BALANCE SHEETS
                             (Unaudited)

<TABLE>
<S>                                  <C>           <C>
                                       September   December 31,
                                        30, 2003   2002
                                      (unaudited)    (audited)

Assets

Current Assets:

 Cash and cash equivalents               $4,213,193      $946,462

 Cash in escrow                                   -       166,817

 Accounts receivable, net                     6,784        71,111

 Inventories                                296,097       318,542

 GST Receivables                             11,693             -

 Prepaids and other current assets          193,707       126,257

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

  Total Current Assets                    4,721,474     1,629,189



Film Cost, Production in Process

 Production Costs                        13,643,256     2,002,335

 Marketing Costs                          1,498,909             -

Property and Equipment, Net of
Accumulated Depreciation                     33,988        16,378

Intangible Assets, Net of
Accumulated Amortization                    141,229       300,112

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

  Total Assets                          $20,038,856    $3,948,014

                                         ==========    ==========

LIABILITIES AND STOCKHOLDERS'
EQUITY (DEFICIT)

Current Liabilities:

 Current portion of notes payable          $225,000      $225,000

 Accounts payable and accrued             5,588,865     4,192,077
 expenses

 Accrued Interest Payable                   755,217             -

 Loans Royal Bank                         3,015,130             -

 Loans Other                                525,000             -

 Deferred Revenue                           671,096       789,471

 Due to related parties                     781,882       781,882

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

 Total Current Liabilities               11,682,666     5,988,430

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

 Debentures Payable

     Series A                             6,533,646       750,000

     Series B                             8,500,000             -

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

 Total Debentures Payable                15,033,646       750,000

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

Total Liabilities                       $26,716,312    $6,738,430

                                         ==========    ==========

Commitments and Contingencies:



Stockholders' Equity (Deficit):

Preferred stock 200,000,000                   1,557        1,557
authorized, par value $.001,
2,000,000 designated Class B,
1,556,728 issued and outstanding at
September 30, 2003 and December 31,
2002

Common stock, 300,000,000
authorized $.001 par value,
60,695,938 and 40,878,324 issued
and outstanding at September 30,
2003 and December 31, 2002                   60,696        40,878

Additional paid-in capital               36,393,525    34,271,280

Unamortized finance costs on
debentures payable                      (1,719,562)     (112,462)

Receivables from stockholders             (427,060)     (427,060)

Accumulated foreign currency                      -         3,650
translations

Retained earnings (deficit)            (40,986,612)  (36,568,259)

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

  Total Stockholders' Equity
  (Deficit)                             (6,677,456)   (2,790,416)

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

  Total Liabilities and
  Stockholders' Equity (Deficit)        $20,038,856    $3,948,014

                                         ==========    ==========
</TABLE>

____________________

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




<PAGE>


(b)  Consolidated Statements of Operations for the three month
     periods ended September 30, 2003 and September 30, 2002 and for
     the nine month periods ended September 30, 2003 and September
     30, 2002


          VISUAL BIBLE INTERNATIONAL, INC. AND SUBSIDIARIES
                CONSOLIDATED STATEMENTS OF OPERATIONS
                             (Unaudited)

<TABLE>
<S>                                   <C>          <C>
                                        For the       For the
                                         Three     Three Months
                                         Months        Ended
                                         Ended       September
                                       September      30, 2002
                                        30, 2003

Revenues:

 Royalty income                             $13,180       $35,556

 Product sales                                    -        20,834

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

  Total Sales                                13,180        56,190

Cost of Goods Sold                            3,425         4,000

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

Gross Profit                                  9,755        52,190

Costs and Expenses:

 Selling, general and administrative        749,226       641,658



 Costs Related to stock issued                    -         2,900



 Interest Expense                           800,258             -

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

                                          1,549,484       644,558

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

Gain on currency translation                118,330             -

Gain on settlement of liabilities           112,850       254,858

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



Net Income (Loss) from Operations
before Other Income                     (1,426,879)     (337,510)



Other Income

  Interest Income                                 -        10,797

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

Net Income (Loss) before Income Taxes   (1,426,879)     (326,713)

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

Provision (Credit) for Income Taxes              -             -

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

Net Income (Loss)                       (1,426,879)     (326,713)

                                         ==========    ==========

Income (Loss) per Share:

 Basic and diluted income (loss) per        $(0.03)       $(0.01)
 share:

                                         ==========    ==========

Basic and diluted common shares          51,353,862    39,956,824
outstanding

                                         ==========    ==========
</TABLE>


<TABLE>
<S>                                   <C>          <C>
                                        For the    For the Nine
                                      Nine Months  Months Ended
                                         Ended       September
                                       September      30, 2002
                                        30, 2003

Revenues:

 Royalty income                             $61,754      $233,183

 Product sales                                  957       165,848

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

  Total Sales                                62,711       399,031

Cost of Goods Sold                           22,512        26,000

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

Gross Profit                                 40,199       373,031

Costs and Expenses:

 Selling, general and administrative      3,305,213     1,748,093



 Costs Related to stock issued                    -       890,900



 Interest Expense                         1,389,803             -

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

                                          4,695,016     2,638,993

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

Gain on currency translation                123,614             -

Gain on settlement of liabilities           112,850     2,311,216

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



Net Income (Loss) from Operations
before Other Income                     (4,418,353)        45,254



Other Income

  Interest Income                                 -        10,797

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

Net Income (Loss) before Income Taxes   (4,418,353)        56,051

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

Provision (Credit) for Income Taxes              -             -

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

Net Income (Loss)                       (4,418,353)        56,051

                                         ==========    ==========

Income (Loss) per Share:

 Basic and diluted income (loss) per        $(0.09)         $0.00
 share:

                                         ==========    ==========

Basic and diluted common shares          46,788,711    17,007,971
outstanding

                                         ==========    ==========
</TABLE>



___________________

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




<PAGE>


(c)  Consolidated Statements of Cash Flows for the nine month
     periods ended September 30, 2003 and September 30, 2002


          VISUAL BIBLE INTERNATIONAL, INC. AND SUBSIDIARIES
                CONSOLIDATED STATEMENTS OF CASH FLOWS
                             (Unaudited)



<TABLE>
<S>                                 <C>            <C>
                                     For the Nine  For the Nine
                                     Months Ended  Months Ended
                                    September 30,    September
                                    2003              30, 2002
                                      ----------     ----------

Cash Flows from Operating
Activities:

Net income (loss)                      $(4,418,353)       $56,051

Adjustments to reconcile net
income(loss) to net cash (used in)
provided by operating activities

 Depreciation and amortization              164,133       223,500

 Gain on settlements                      (112,850)   (2,311,216)

 Amortization of finance costs on
debenture payable                           534,963      (72,994)

Change in operating assets and
liabilities:

  Accounts receivable                        64,327      (72,994)

  Inventories                                22,445        78,398

  GST Receivables                          (11,693)             -

  Film Costs, Production Costs         (11,640,921)     (342,567)

  Film Costs, Marketing Costs           (1,498,909)             -

  Prepaid expenses and other               (67,450)         (387)
current assets

   Accounts payable and accrued           1,509,638       461,210
expenses

   Deferred revenues                      (118,375)       366,817

   Accrued interest payable                 755,217             -

   Foreign currency translation             (3,650)             -

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

   Net cash (used in) provided by      (14,821,478)   (1,541,188)
   operating activities

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

Cash Flows from Investing
Activities:

 Cash in Escrow                             166,817    (166,817)

 Acquisition of property and               (22,800)      (9,378)
equipment



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

  Net cash (used in) provided by           143,957     (176,195)
investing activities

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

Cash Flows from Financing
Activities:

Proceeds from debentures payable         14,283,646            -

Proceeds from film production
financing                                 3,135,606            -

Payment of notes payable                         -       (35,233)

Proceeds from related party loans          525,000             -

Proceeds from issuance of common
stock                                             -    4,092,990

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

Net cash provided by (used in)
financing activities                     17,944,252     4,057,757

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

Net Increase(Decrease)in Cash             3,226,731     2,340,374

Cash and cash equivalents,
beginning of period                         946,462        62,034

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

Cash and cash equivalents, end of        $4,213,193    $2,402,408
period

                                         ==========    ==========

Supplemental Disclosure of Cash
Flow Information:

 Interest paid during the period            $21,522        $ 394

                                         ==========    ==========

 Income taxes paid during the                  $ -           $ -
period

                                         ==========    ==========

Supplemental Disclosure of Noncash
Investing and Financing Activities:

 Common and preferred stock issued
on conversion of debt                           $ -    $5,260,020

                                         ==========    ==========


</TABLE>


____________________


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




<PAGE>


(d)  Notes to Financial Statements

          VISUAL BIBLE INTERNATIONAL, INC. AND SUBSIDIARIES
              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                             (UNAUDITED)
                          September 30, 2003

1.  THE COMPANY

Visual Bible International, Inc. ("Visual Bible International" or
"the Company") is a global faith-based media company that owns,
through certain license agreements, the exclusive visual and digital
rights to popular versions of the Bible.  The Company has produced
and successfully released the word-for-word books of Matthew and Acts.

Visual Bible's mission is to use all forms of media to inspire the
lives of present and future generations by carrying God's Word to
everyone on earth regardless of their religious affiliation, culture
or geographic location.  The Company is seeking to acquire
additional intellectual property rights, is actively pursing the
production of new products and is building its sales and
distribution networks in order to position itself as the pre-eminent
creator and distributor of the word-for-word productions of the Bible.

2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation and Basis of Presentation

The accompanying financial statements consolidate the accounts of
Visual Bible International and its wholly-owned subsidiaries.  All
significant intercompany accounts and transactions have been
eliminated in consolidation.  Certain amounts from prior years have
been reclassified to conform to the current year presentation.

The accompanying unaudited consolidated financial statements have
been prepared pursuant to rules and regulations of the Securities
and Exchange Commission and, therefore, do not include all
information and footnote disclosures normally included in audited
financial statements.  However, in the opinion of management, all
adjustments that are of a normal and recurring nature necessary to
present fairly the results of operations, financial position and
cash flows have been made.  It is suggested that these statements be
read in conjunction with the financial statements included in the
Company's Annual Report on Form 10-KSB, dated April 7, 2003 for the
year ended December 31, 2002.

The statements of operations for the three and nine months ended
September 30, 2003 and 2002 are not necessarily indicative of
results for the full year.

Earnings (Loss) per Share

The Company computes earnings or loss per share in accordance with
the Financial Accounting Standards Board Statement No. 128 "Earnings
Per Share" (SFAS 128) which replaced the calculation of primary and
fully diluted earnings per share with basic and diluted earnings per
share.  Unlike primary earnings per share, basic earnings per share
excludes the dilutive effects of options, warrants and convertible
securities and thus is computed by dividing income available to
common stockholders by the weighted average number of common shares
outstanding.  Diluted earnings per share is similar to the previous
fully diluted earnings per share.  Diluted earnings per share
reflects the potential dilution that could occur if securities or
other agreements to issue common stock were exercised or converted
into common stock.  Diluted earnings per share is computed based
upon the weighted average number of common shares and dilutive
common equivalent shares outstanding.

Recent Accounting Pronouncements

In January, 2003, the Financial Accounting Standards Board ("FASB")
issued Interpretation No. 46, "Consolidation of Variable Interest
Entities - an interpretation of ARB No. 51, " which provides
guidance on the identification of and reporting for variable
interest entities.  Interpretation No. 46 expands the criteria for
consideration in determining whether a variable interest entity
should be consolidated.  Interpretation No. 46 is effective
immediately for variable interest entities created after January 31,
2003, and to variable interest entities in which an enterprise
obtains an interest after that date.  The Company is required to
adopt the interpretation in the first quarter of 2004 for variable
interest entities acquired before February 1, 2003.  The Company
does not expect the adoption of Interpretation No. 46 to have a
material effect on its results of operations and financial position.

In December 2002, the FASB issued Statement of Financial Accounting
Standards (SFAS") No. 148, "Accounting for Stock-Based Compensation
- Transition and Disclosure - an amendment of FASB Statement No.
123."  SFAS No. 148 amends SFAS No. 123, "Accounting for Stock-Based
Compensation," to provide alternative methods of transition for a
voluntary change to the fair value based method of accounting for
stock-based employee compensation.  In addition, SFAS No. 148 amends
the disclosure requirements of SFAS No. 123 to require prominent
disclosures in both annual and interim financial statements about
the method of accounting for stock-based employee compensation and
the effect of the method used on reported results.  SFAS No. 148 is
effective for the Company as of January 1, 2003.  The Company
currently has no stock-based Compensation plan, and, accordingly,
the adoption of SFAS No. 148 did not have a significant impact on
the Company's results of operations or financial position.



<PAGE>


3.  LIQUIDITY - SIGNIFICANT CORPORATE EVENTS


On March 21, 2003 the Company closed its bank financing for Gospel
of John film production with participation by Royal Bank Financial
Group and utilized $3,135,606 of this loan facility through
September 30, 2003.

During the nine months ended September 30, 2003 the Company
completed a private placement offering of debentures "Series A". In
addition, to the $750,000 proceeds the Company received in December,
2002 the Company received additional proceeds of $5,783,646
resulting in total private placement proceeds of $6,533,646 for the
film production of the Gospel of John.

4.  STOCKHOLDERS' EQUITY (DEFICIT)

In connection with the "Series A" private placement the Company
issued 7,984,114 shares of its common stock along with 3,626,173
warrants to purchase common stock to the purchasers of the "Series A
Debentures". The shares and warrants have been treated as additional
finance costs relating to the debentures payable and were valued by
the Company at $979,720.  This amount has been classified on the
balance sheet as a contra-equity account and the Company began to
amortize it as additional interest expense over approximately
eighteen months, the expected term for the "Series A" debentures as
of June 1, 2003.

The "Series A Debentures" bear interest at a rate of 15% per annum
and are payable from a percentage of the gross revenues expected to
be earned from the "Gospel of John" film production.

In order to fund certain additional post production requirements
including marketing, on July 23, 2003, the Company's Board of
Directors approved a private placement debt offering  in the amount
of $7,500,000 including a provision for an over allotment of
$1,000,000, "Series B Debentures" proceeds up to 8,500,000 Units was
offered at a price of $1.00 per Unit.  In order to facilitate the
sale of the Series B Units, certain concessions were agreed to with
the holders of the Series A debenture holders who held certain
rights or priorities with regard to any subsequent fundings.  The
principal modification made to the Series A debenture holders was an
enhancement of their repayment terms to require an additional
payment of a royalty on DVD sales to the Series A debenture holders.
 The royalty payment is subject to certain sales benchmarks and
deferred until after repayment has been made to satisfy the
principal repayments of the Series B debentures.  The royalty
payment is to be for all direct market sales at DVD Units to United
States or Canadian purchasers equal to 12.5% of the gross proceeds,
net of returns and taxes on DVD sales in excess of 120,000 DVD Units
up to 200,000 Units and 5% in excess of 200,000 units sold in
perpetuity.

Each Series B Unit consisted of a debenture to repay principal and
interest calculated at a rate of 15% per annum compounded annually;
1.5 shares of the Company's common shares for each $1.00 of
principal advanced, a warrant to purchase .75 shares of the
Company's common stock exercisable at graduated prices of $1-$2
through December 31, 2007, and a royalty of 5% of certain revenues
not to exceed the amount of the offering. During the quarter ended
September 30, 2003 the Company completed this offering which
resulted in proceeds to the Company amounting to $8,500,000.

In connection with the issuance of $8,500,000 "Series B Debentures"
the Company issued 12,750,000 shares of its common stock and
6,375,000 common stock purchase warrants to the purchasers of the
"Series B Debentures". The Company valued these securities at
$1,275,000 and will amortize these costs as additional interest on
the "Series B Debentures" over a period of 11/2 years beginning
September 30, 2003.



<PAGE>


Item 2.   Management's Discussion and Analysis.

     The following discussion of our financial condition and results
of operations should be read in conjunction with the financial
statements and the notes to the financial statements included
elsewhere in this report.  The discussion may contain "forward
looking" statements or statements which arguably imply or suggest
certain things about our future.  Statements, which express that we
"believe", "anticipate", "expect", or "plan to", as well as, other
statements which are not historical fact, are forward looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995.  These statements are based on assumptions that
we believe are reasonable, but a number of factors could cause our
actual results to differ materially from those expressed or implied
by these statements.  We do not intend to update these forward
looking statements.

Overview

     We are a global, faith-based media company that has secured the
exclusive visual and digital rights to versions of the Bible.
     We are the successor by merger (the "Merger") to American
Uranium, Inc. ("American Uranium").  During June 2000, American
Uranium changed its state of incorporation from New Jersey to
Florida by means of a merger into a wholly-owned Florida subsidiary,
American Uranium Reincorporation, Inc., which then changed its name
to American Uranium, Inc.  During August, 2000, American Uranium
amended and restated its articles of incorporation, which among
other things, changed its name to Visual Bible International, Inc.
On July 31, 2000, we concluded a voluntary share exchange
transaction (the "Share Exchange Transaction") with all of the
shareholders of Visual Bible, Inc., a Florida corporation ("Visual
Bible") whereupon Visual Bible became our wholly owned subsidiary.
As a result of the Share Exchange Transaction the shareholders of
Visual Bible received in excess of 51% of our outstanding Common
Stock.  Prior to the Merger, we had limited operations and were
looking to consummate a business combination with another company
which had operations.

     Our primary strength is our intellectual property rights to the
visual representation of popular versions of the Bible and our sales
and distribution networks.  The Bible remains the largest selling
book of all time and Bible sales are driven by Bible translations.
We have concluded an exclusive license agreement with the American
Bible Society (the "ABS License Agreement") for the rights to
produce, distribute, market and sell, in visual format, its
copyrighted Good News and Contemporary English Versions of the Bible.

     We intend to utilize our intellectual property rights as the
basis to build a global distribution system for faith-based,
audio-visual products.  Past distribution of such products has been
primarily focused on the traditional Christian marketplace.  We
believe the opportunity continues to exist to take our products into
the mainstream domestic marketplace and simultaneously into the much
larger global marketplace where, we believe, the potential for sales
is substantial.

     As a result of our ongoing dispute with the International Bible
Society (as described in our Form 10KSB for the fiscal year ended
December 31, 2002) we are, currently, prohibited from selling our
productions of the books of Matthew and Acts.

     We completed production of the film, The Gospel of John in
September 2003 under the auspices of our license agreement with the
American Bible Society. In this regard, the theatrical release of
the film was launched on September 26, 2003 in four USA markets;
Dallas, Colorado Springs, Charlotte and Fayetteville. Additional
releases, which would place the theatrical release in approximately
forty city markets by the end of 2003 are scheduled. Approximately
four weeks after the theatrical release in each city, a direct
response TV infomercial advertising campaign will commence in which
DVD/VHS reproductions of the film will be sold directly to customers
in those markets. The theatrical release and direct response
advertising program will continue to expand across the USA and
Canada in 2004.



<PAGE>


Results of Operations

     Net sales for the three month period ended September 30, 2003
totaled $13,180, a decrease of 77% from the net sales amount of
$56,190 reported in the corresponding 2002 period. For the nine
month period ended September 30, 2003, net sales were $62,711, a
decline of 84% from $399,031 in the similar 2002 period.  The
decline in sales in both periods was primarily attributable to an
injunction prohibiting the Company to sell products under license by
the International Bible Society.

     Selling, general and administrative expenses of $749,226 for
the three month period ended September 30,2003 represented an
increase of approximately $ 107,568 over the corresponding 2002
period amount of $641,658.  Similarly, for the nine months ended
September 30, 2003, selling, general and administrative expenses of
$3,305,213 were $1,557,120 over the 2002 amount of $1,748,093.  It
is difficult to compare expenses between years, since during 2002,
the Company was being reorganized while during 2003, expenses
related to the production and marketing of The Gospel of John,
scheduled for launch in September of 2003 have been incurred.
Marketing expenses of $ 1,498,908 for the nine month period ended
September 30, 2003 were capitalized and in accordance with generally
accepted accounting principles, will be expensed over the rollout of
the film.

     Interest expense related to the Company's outstanding
Debentures and loans totaled $800,258 and $1,389,803 for the three
and nine month respective periods ended September 30, 2003.  There
was no corresponding interest on Debentures or loans in 2002.
Interest expense of $ 316,206 was capitalized in the quarter ended
September 30, 2003 and included in Film Costs, Production in
Progress of $13,643,256. For the nine months ended September 30,2003
interest expense capitalized and included in film costs totaled
$544,500.

Liquidity & Capital Resources

     At September 30, 2003, we had approximately $4,213,193 in cash
and cash equivalents and a working capital deficit of $6,961,192.
The primary source of liquidity to meet our obligations during the
nine month period ended September 30, 2003 were provided from the
proceeds of the Debenture issues of $15,033,646.

     For the balance of the fiscal year 2003, we anticipate cash
needs of $7,050,000 consisting of approximately $3,755,000 for
certain marketing and advertising costs associated with the Gospel
of John, additional Gospel of John productions costs of $692,000 and
the balance for general corporate purposes.  We expect these cash
needs to be funded through the utilization of funds on hand at
September 30, 2003 of $4,213,193, the proceeds of approximately
$1,500,000 arising from a sale/leaseback of the Gospel of John under
the agreement with The Gospel of John, Limited our United Kingdom
co-production partner, and through the sale of DVD's and
videocassettes.

Item 3.  Controls and Procedures.

a.)  Our principal executive officer and our principal financial
     officer have on a date which is within ninety days of the date
     that we have filed this quarterly report (the "Evaluation
     Date"), evaluated the effectiveness of our disclosure controls
     and procedures and have concluded that no significant
     deficiencies or material weaknesses exist.

b.)  There have been no significant changes in our internal controls
     or in any other factors that could significantly affect these
     controls subsequent to the Evaluation Date.



<PAGE>


PART II.  OTHER INFORMATION

Item 1.   Legal Proceedings.  Not Applicable

Item 2.   Changes in Securities.

a).  Not Applicable.

b).  Not Applicable.

c).

     1.   On August 28, 2003, we sold 8,500,000 units (the "B
Units") to ten purchasers thereof for aggregate consideration of
$8,500,000.  Each B Unit consists of a fifteen percent (15%) $1.00
principal amount debenture (each, a "B Unit Debenture"), 1.5 shares
of our common stock (each, a "B Unit Share"), 0.75 warrants (each, a
"B Unit Warrant") to purchase shares of our common stock; and (iv)
certain pro rata royalty payments (the "B Unit Royalties").
Repayment of the B Unit Debentures is secured by our assets and the
assets of our subsidiaries, Visual Bible (Canada), Inc. and The Book
of John, Inc.  The B Unit security interest is junior, inferior and
subordinate to each and every security interest as to the secured
assets existing as of August 28, 2003.  All outstanding principal
and any accrued and unpaid interest under the B Unit Debentures is
due and payable in full on October 15, 2005.  In connection with the
B Unit Offering the Company is in the process of issuing 12,750,000
shares of its common stock and B Unit Warrants entitling the holders
thereof to purchase 6,375,000 shares of the Company's common stock.
Each purchaser of a B Unit is entitled to certain registration
rights in connection with the B Unit Shares and the shares of common
stock that underlie the B Unit Warrants pursuant to a registration
rights agreement (the "B Unit Registration Rights Agreement").

     The exercise price under the B Units Warrants is as follows:
(i) if the B Unit Warrant is exercised at any time on or prior to
December 31, 2005, the Exercise Price is $1.00 per share; (ii) if
the B Unit Warrant is exercised after December 31, 2005, but on or
prior to June 30, 2006, the Exercise Price is $1.25 per share; (iii)
if the B Unit Warrant is exercised after June 30, 2006, but on or
prior to December 31, 2006, the Exercise Price is $1.50 per B share;
(iv) if the B Unit Warrant is exercised after December 31, 2006, but
on or prior to June 30, 2007, the Exercise Price is $1.75 per share;
and (v) if the B Unit Warrant is exercised after June 30, 2007, but
on or prior to December 31, 2007, the Exercise Price is $2.00 per
share.

     Following the time at which we have paid an amount equal to the
Maximum Principal Amounts (as such term is defined under certain A
Unit Debentures issued by us), whether such payment is in the form
of Existing Principal, Interest or Royalties (each, as defined under
the A Unit Debentures), to those parties (the "A Unit Debenture
Holders") holding those certain debentures (the "A Unit Debentures")
issued us, the holders of the B Unit Debentures will be entitled to
their pro rata portion of , in the aggregate, five percent (5%) of:
(i) the gross proceeds, net of returns and any sales or similar
taxes payable on account thereof, received as a result of any and
all commercial exploitation, exclusive of any revenues generated as
a result of any theatrical release, derived the Company's production
of the Gospel of John (the "Production"), including but not limited
to video/DVD units (the "DVD Units") sold to United States and
Canadian purchasers thereof; and (ii) the actual amount of revenue
to which we are entitled from any and all commercial exploitation of
the Production, net of returns and any sales or similar taxes
payable on account thereof and exclusive of any revenues to which we
may be entitled as a result of any theatrical release of the
Production, sold to parties other than a United States or Canadian
purchaser thereof.  The B Unit Royalties shall not be paid, but
shall accrue (the "B Unit Accrued Royalties") until all outstanding
amounts of Existing Principal, Interest and Accrued Royalties (each
as defined in the A Unit Debentures) have been paid (the "A Unit
Repayment Date") to the A Unit Debenture Holders.  Commencing on the
A Unit Repayment Date, B Unit Royalties shall not be required to
accrue and shall be paid to the Purchasers.  The amount of the B
Unit Royalties payable by us pursuant to the foregoing shall not
exceed the amount of gross proceeds received by us from the sale of
the B Units ($8,500,000) and as such time as B Unit Royalties in the
amount of $8,500,000 has been by us, our obligation to pay the B
Unit Royalties shall cease.

     As a condition to our ability to sell the B Units and to
undertake the A Unit Conversions (as described hereinafter), we
executed a conditions precedent agreement with certain holders of
our A Unit Debentures.

     We claimed exemption from the registration provisions of the
Act with respect to the issuance of the B Units pursuant to Section
4(2) thereof inasmuch as no public offering was involved.  In
connection with the issuance of the B Unit Debentures, the B Unit
Shares, the B Unit Warrants and the shares of our common stock that
underlie the B Unit Warrants, the purchasers thereof made an
informed investment decision based upon negotiation with us and were
provided with access to material information regarding us.  We
believe that the purchasers thereof had knowledge and experience in
financial matters such that the purchasers were capable of
evaluating the merits and risks of acquisition of the B Units.  All
of the B Unit Debentures, the certificates representing B Unit
Shares and the B Unit Warrants to be issued pursuant to the
foregoing will bear an appropriate legend restricting the transfer
of same, except in accordance with the Securities Act.




<PAGE>


     2.   On October 7, 2003, we converted (the "A Unit
Conversions") $1,033,645 of our outstanding debt into A Units (the
"A Units").  Each A Unit consists of a fifteen percent (15%) $1.00
principal amount debenture (each, an "A Unit Debenture"), 1.22
shares of our common stock (each, an "A Unit Share"), 0.555 warrants
(each, an "A Unit Warrant") to purchase shares of our common stock;
and (iv) certain pro rata royalty payments (the "A Unit Royalties").
 A more detailed description of the A Units has been included in our
Form 10QSB for the quarter ended March 31, 2003.

     We claimed exemption from the registration provisions of the
Act with respect to the conversion of debt and issuance of the A
Units as part of the A Unit Conversions pursuant to Section 4(2)
thereof inasmuch as no public offering was involved.  In connection
with the issuance of the A Unit Debentures, the A Unit Shares, the A
Unit Warrants and the shares of our common stock that underlie the A
Unit Warrants, the purchasers thereof made an informed investment
decision based upon negotiation with us and were provided with
access to material information regarding us.  We believe that the
purchasers thereof had knowledge and experience in financial matters
such that the purchasers were capable of evaluating the merits and
risks of acquisition of the A Units.  All of the A Unit Debentures,
the certificates representing A Unit Shares and the A Unit Warrants
to be issued pursuant to the foregoing will bear an appropriate
legend restricting the transfer of same, except in accordance with
the Securities Act.

d).  Not Applicable.

Item 3.   Defaults upon Senior Securities.  Not Applicable.


Item 4.   Submission of Matters to a Vote of Security Holders.  Not
          Applicable.


Item 5.   Other Information.  Not applicable.




<PAGE>


Item 6.   Exhibits, Lists and Reports on Form 8-k:

     (a)  Exhibits.

     The following is a list of exhibits filed as part of this
quarterly report on Form 10-QSB. Where so indicated by footnote,
exhibits which were previously filed are incorporated by reference.
For exhibits incorporated by reference, the location of the exhibit
in the previous filing is indicated in parentheses.

<TABLE>
<S>     <C>
        DESCRIPTION
EXHIBIT
NO.

2.1     Stock Exchange Agreement (2)

3.1     Articles of Incorporation of American Uranium, Inc. (1)

3.2     Bylaws of American Uranium, Inc.(1)

3.3     Articles of Incorporation of American Uranium
        Reincorporation, Inc. (2)

3.4     Bylaws of American Uranium Reincorporation, Inc. (2)

3.5     Amended and Restated Articles of Incorporation of
        Visual Bible International, Inc. (3)

3.6     Bylaws of Visual International, Inc. (3)

3.7     Amended and Restated Articles of Incorporation (1 for 2
        combination) of Visual Bible International, Inc. dated
        April 3, 2001 (4)

3.8     Amended and Restated Articles of Incorporation (1 for 3
        combination)of Visual Bible International, Inc. dated
        September 10, 2001 (5)

3.9     Amended and Restated Articles of Incorporation (1 for
        10 combination) of Visual Bible International, Inc.
        dated February 19, 2002 (6)

3.10    Amendment to the Articles of Incorporation (Series A
        Preferred designation) of Visual Bible International,
        Inc., dated March 28, 2002 (8)

3.11    Amendment to the Articles of Incorporation
        (capitalization increase) of Visual Bible
        International, Inc., dated April 15, 2002 (7)

3.12    Amendment to the Articles of Incorporation (Series B
        Preferred designation) of Visual Bible International,
        Inc., dated December 17, 2002 (8)

4.1     Form of A Unit Debenture dated December 24, 2002 (8)

4.2     Form of A Unit Warrant dated December 24, 2002 (8)

4.3     Form of A Unit Registration Rights Agreement (8)

4.4     Form of A Unit Investor Rights Agreement (8)

4.5     Addenda to A Unit Debentures (First Addendum, Second
        Addendum, Third Addendum and Fourth Addendum)(8)

4.6     Addendum to A Unit Debentures (Fifth Addendum)(10)

4.7     Form of B Unit Debenture(10)

4.8     Form of B Unit Warrant Agreement(10)

4.9     Form of B Unit Registration Rights Agreement(10)

4.10    Conditions Precedent Agreement(10)

9.1     Shareholder Voting Agreement (3)

9.2     Form of Irrevocable Proxy (3)

10.1    Agreement with Stewart House Publishing, Inc. (4)

10.2    Agreement with Thomas Nelson, Inc. (4)

10.3    Agreement with Columbia House, Inc. (4)

10.4    The JBM Management Agreement and Amendments (8)

10.5    The Velveteen Consulting Agreement (8)

10.6    The 148 Ontario Consulting Agreement (8)

10.7    Agreement to Provide Guaranty (8)

21.1    List of Subsidiaries (8)

31.1    Certification of Chief Financial Officer under Rule
        13a-14(a)/15d-14(a)(10)

31.2    Certification of Chief Executive Officer under Rule
        13a-14a/15d-14(a)(10)

32.1    Certification of Chief Financial Officer under Section
        1350(10)

32.2    Certification of Chief Executive Officer under Section
        1350(10)


</TABLE>

____________________

(1)  Previously filed with Form 10 of the Company dated May 19, 1999
     and incorporated herein by reference.

(2)  Previously filed with Schedule 14-A of the Company on June 2,
     2000 and incorporated herein by reference.

(3)  Previously filed with Form 8-K on August 16, 2000 and
     incorporated herein by reference.

(4)  Previously filed with Form 10-KSB of the Company filed on May
     23, 2001 and incorporated herein by reference.

(5)  Previously filed with Form 10-QSB of the Company filed on
     November 11, 2001 and incorporated herein by reference.

(6)  Previously filed with Form 8-K on March 26, 2002 and
     incorporated herein by reference.

(7)  Previously filed with Schedule 14-C of the Company filed on
     March 25, 2002 and incorporated herein by reference.

(8)  Previously filed with Form 10-KSB of the Company filed on May
     16, 2003 and incorporated herein by reference.

(9)  Previously filed with Form 10-QSB of the Company filed on May
     23, 2003 and incorporated herein by reference.

(10)      Filed electronically herewith.


     (b)  Reports on Form 8-K.

     We filed a report on Form 8-K on August 20, 2003 reporting on
item 6.




<PAGE>


                              SIGNATURES


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


                              VISUAL BIBLE INTERNATIONAL, INC.



Date: 11/20/03                     By: /s/ Harold Kramer
                              -----------------------------
                              Harold Kramer, Executive Vice
                              President and principle executive officer



Date: 11/20/03                     By: /s/ Harold Kramer
                              -----------------------------
                              Harold Kramer, principal financial officer