UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C.   20549


                                 FORM 10-QSB
                 Quarterly Report Under Section 13 or 15(d)
                   of the Securities Exchange Act of 1934.


For the quarter ended September 30, 2000  Commission file number 000-25415




                  Twin Faces East Entertainment Corporation
           (Exact name of registrant as specified in its charter)



Nevada                                            94-3326901
(State or other jurisdiction of                   (I.R.S. Employer
incorporation or organization)                    Identification No.)

94 Arthur Hills Court
Henderson, Nevada                                 89014
(Address of principal executive offices)          (Zip Code)


                               (702) 617-8832
             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.

                             Yes     X        No


    As of September 30, 2000, there were 4,617,349 shares of common stock
                                outstanding.

<PAGE>

                                    INDEX

PART I - FINANCIAL INFORMATION                              Page No.

     Item 1.   Financial Statements

               Balance Sheet as of September 30, 2000            3

               Income Statement for the nine months
               ending September 30, 2000 and September 30, 1999  4

               Statement of Cash Flow for the nine months        5
               ending September 30, 2000 and September 30, 1999

     Item 2.   Management's Discussion and Analysis of
               Financial Condition and Results of Operation      6-8


PART II - OTHER INFORMATION

     Item 1.   Legal Proceedings                                 9

     Item 2.   Changes in Securities                             9

     Item 3.   Defaults by the Company upon its
               Senior Securities                                 9

     Item 4.   Submission of Matter to a Vote of
               Security Holders                                  9

     Item 5.   Other Information                                 9

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

     SIGNATURES                                                  10

<PAGE>

                  TWIN FACES EAST ENTERTAINMENT CORPORATION
                             BALANCE SHEET AS OF
                             SEPTEMBER 30, 2000

                       PART I - FINANCIAL INFORMATION

Item 1. Financial Statements
<TABLE>
                                   ASSETS
                                           September 30,   September 30,
                                               2000             1999
<S>                                        <C>              <C>
Current Assets
  Regular Checking Accounts                        $1,113           $3,940
Total Current Assets                                1,113            3,940

Property and Equipment
  Equipment                                         1,029            1,029
Total Property and Equipment                        1,029            1,029

Other Assets                                            0                0

Total Assets                                       $2,141           $4,969
</TABLE>
                           LIABILITIES AND CAPITAL
<TABLE>
<S>                                         <C>              <C>
Current Liabilities
  Accrued Salary                                 $652,315         $180,248
  Accrued Expenses                                 84,297            3,072
  Stockholders' advances                          351,592           98,363
Total Current Liabilities                      $1,088,203         $281,683

Long-Term Liabilities                              40,900                0
Total Liabilities                              $1,129,103         $281,683

Capital
  Common Stock                                      4,517            4,159
  Paid-in Capital                                 420,185          562,674
  Retained Earnings                             (943,360)        (843,547)
  Net Income                                    (608,304)        (365,349)
Total Capital                                 (1,126,961)        (276,714)

Total Liabilities and Capital                      $2,141           $4,969
</TABLE>
<PAGE>
<TABLE>

                  TWIN FACES EAST ENTERTAINMENT CORPORATION
                           STATEMENT OF CASH FLOW
    FOR THE NINE MONTHS ENDING SEPTEMBER 30, 2000 AND SEPTEMBER 30, 1999

                                         September 30,    September 30,
                                              2000             1999
<S>                                       <C>            <C>
Revenues
  Finance Charge Income                             $122             $ 32
Total Revenues                                       122               32

Cost of Sales                                          0                0
Total Cost of Sales                                    0                0

Gross Profit                                        $122              $32

Expenses
Total Expenses                                   608,425          365,382

Net Income (Loss)                             $(608,304)       $(365,349)

Loss Per Share                                    (0.13)           (0.09)

Number of shares outstanding                   4,617,349        4,159,349
</TABLE>
<PAGE>
<TABLE>
                  TWIN FACES EAST ENTERTAINMENT CORPORATION
                           STATEMENT OF CASH FLOW
    FOR THE NINE MONTHS ENDING SEPTEMBER 30, 2000 AND SEPTEMBER 30, 1999

                                          September 30,    September 30,
                                              2000              1999
<S>                                        <C>            <C>
Cash Flows from operating activities
  Net Income (Loss)                           $(608,304)      $  (551,798)
Adjustments to reconcile net income to
net cash
 provided by operating activities
   Accrued Salary                                356,067            47,448
   Accrued Expenses                               22,648                 0
   Stockholders' advances                        178,295            61,687

Total Adjustments                                566,011           109,134

Net Cash provided by Operations                $(42,293)        $(442,664)

Cash  Flows  from investing  activities
Used For

  Net cash used in investing                           0                 0

Cash Flows from financing activities
Proceeds From
  Notes Payable                                   40,900
  Common Stock                                       133               758
  Paid-in capital                                                  440,638
Used For
  Common Stock                                                        (10)
  Paid-in-capital                                  (133)             (360)

Net cash used in financing                        40,900           441,026

Net increase (decrease) in cash              $   (1,393)      $    (1,638)

Summary
  Cash Balance at End of Period                   $1,113            $3,940
  Cash Balance at Beginning of Period            (2,506)           (5,578)

Net Increase (Decrease) in cash                 $(1,393)          $(1,638)
</TABLE>
<PAGE>
1.   Statement of Information Furnished

The  accompanying  unaudited  consolidated  financial  statements  have  been
prepared  in accordance with Form 10-QSB instructions and in the  opinion  of
management  contain  all  adjustments (consisting of  only  normal  recurring
accruals)  necessary to present fairly the financial position as of September
30,  2000  and  1999,  the results of operations for the  nine  months  ended
September  30,  2000 and 1999 and the cash flows for the  nine  months  ended
September 30, 2000 and 1999. These results have been determined on the  basis
of  generally  accepted  accounting  principles  and  practices  and  applied
consistently  with  those used in the preparation of  the  Company's  Audited
Financials ending December 31, 1999 as filed in Form 10KSB.

Certain  information  and  footnote disclosures  included  in  the  financial
statements   presented  in  accordance  with  generally  accepted  accounting
principles  have  been  condensed  or  omitted.  It  is  suggested  that  the
accompanying  consolidated financial statements be read in  conjunction  with
financial  statements  and notes thereto incorporated  by  reference  in  the
Company's Audited Financials ending December 31, 1999 as filed in Form 10KSB.

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

    The  following discussion and analysis should be read in conjunction with
the  Company's financial statements and the notes thereto contained elsewhere
in this filing.

Overview

     Twin  Faces  East  Entertainment Corporation, a Nevada corporation  (the
"Company")  is  a development stage company formed in 1997. The  Company  was
incorporated under the laws of the State of Delaware on December 5, 1997  and
reincorporated under the laws of the State of Nevada on June 17, 1998. The re-
incorporation  in  the State of Nevada was the result of Nevada's  policy  of
encouraging  incorporation in that State and, in furtherance of that  policy,
has  adopted  comprehensive, modern and flexible corporate  laws,  which  are
periodically  updated  and  revised  to  meet  changing  business  needs.  In
addition, Nevada continues to pursue a position of no corporate taxation.

     We  have  been  plagued with insufficient capital from formation.   This
lack  of  capital has prevented the Company from developing its product  base
which  is  essentially  the production and marketing  of  films  and  related
products.

Business of the Company

     We  are  in  the  development stage as a producer of  entertainment  and
educational related programming and technology, which originated through  the
efforts  of  Dr.  Michael Smolanoff, a director and officer of  the  Company.
Our products include; (i), documentary films of Dr. Albert Einstein, and (ii)
feature film and television scripts.

<PAGE>
     The Einstein Properties are the result of Dr. Smolanoff's acquisition of
the  films  from Peter A. Buckey. Peter A. Buckey, the son of one  of  Albert
Einstein's  oldest and closest friends, provides a rare insight  into  Albert
Einstein's  private  life, opinions, and foibles that  are  now  folded  into
unique and rare videos.  The Company owns original 16mm film footage of  rare
moments  such as the family vacation when Einstein wrote that fateful  letter
to  Franklin  D.  Roosevelt  that led to the Manhattan  Project.   Peter  was
Einstein's  driver,  and  companion initiating  extensive  dialogue,  keeping
copious notes, and storing and recording priceless memories.

     "Pages From A Rabbit Journal"T, a children's book and future film script
was  created by Dr. Smolanoff. The story is of The Rabbit Family's adventures
in  their  travels through the forest with many character developments  along
the path of their journey.  The story has been turned into a series of twenty-
two  minute animated video episodes, each a cliff-hanger and with a  positive
children's message.  The initial video episode, will serve as a pilot  for  a
television series which is contracted through Nightwing Entertainment  Group,
Inc.  to be shown on Fox Children's Network and/or Nickelodeon.  In addition,
Channel America, through a contract with Nightwing Entertainment Group,  Inc.
has  agreed  to show between 13 to 65 episodes of the series.    Further,  an
agreement is in place with Nightwing Entertainment Group, Inc. that  provides
for  Congress  Home Video to distribute a minimum of twelve of  each  episode
into approximately 22,000 video stores nationwide.

"A  Real Man".  A script written by Johnnie King to be produced  by  the
Company.As a result of certain interum funding the company has commenced pre
production and has shot a promotional trailer for the film.

Properties for Future Development

     In  addition to the Einstein film, and Pages From a Rabbit Journal,  the
Company  has acquired, from Dr. Smolanoff, various other entertainment  books
and  programming.   We plan to release these other products as  our  business
expands  and  cash flows are adequate to launch new products.   We  have  not
established definitive time frames or costs of launching these new products.

     "Hidden Treasures of the World"T. This is a series of one hour, made for
television,  specials showcasing specific geographic locations in  the  world
where  billion  dollar  plus  treasure  discoveries  were  made.   The  first
documentary  "St.  Lavra"  from  Kiev  Russia  is  complete  and  ready   for
distribution.

     "Jungle  Bunch"T. "The Adventures of the Jungle Bunch"T is a  children's
story  for  animation  that  follows the adventures  of  five  young  animals
searching  for their families.  These five babies are brought together  as  a
result of a terrible storm, which separates them from their families.  It  is
a  continuing  series  that  focuses on the concept  of  teamwork,  which  is
somewhat  unique  in the children's story. This teaches our  children  in  an
entertaining and receptive environment to overcome their differences and work
together for a common goal. This series is made for television and home video
placement.

     "Bixbee"T. This is an animated CD ROM game that could easily evolve into
a  television  special.   Your  child can be scanned  into  this  interactive
program for fun and adventures with "Bixbee"T.

     "The  Town  That Arrested Santa Claus"T. A fully illustrated  children's
story  with  a  merry  cast of Christmas characters in the  newly  discovered
village of Forgottenville.  Children of all ages will delight in this  unique

<PAGE>

classic  tale, rich with the true meaning and tradition of Christmas.   Santa
and  Forgottenville's citizens are almost tricked by Dr. S.,  until  a  young
child  comes  to Santa's rescue.  This is anticipated to become  a  Christmas
classic  and  will  be  available in book, audio cassette  and  to  become  a
television animated special.

     "A  Real Man".  A script written by Johnnie King to be produced  by  the
Company.As a result of certain interum funding the company has commenced pre
production and has shot a promotional trailer for the film.

Results of Operations for the nine months ended September 30, 2000 and
September 30, 1999

      Total  operating expenses from continuing operations were $608,425  for
the  nine  months ended September 30, 2000 compared to $365,382 for the  nine
months  ended  September 30, 1999. Utilizing an average daily calculation  of
operating expenses of $2,206 for the period ending September 30, 2000, and an
average  daily  calculation of operating expenses of $1,338  for  the  period
ending  September 30, 1999, this represented a 65% increase in average  daily
operating expenses.

      The  increase  in  expenses was primarily the  result  of  the  Company
increasing  Salaries expenses and legal and professional expenses during  the
period  ending September 30, 2000.  The legal and professional expenses  were
primarily  the  result of the Company's preparation and  filing  requirements
with the Securities and Exchange Commission.

Forward-Looking Statements and Associated Risks

     This Quarterly Report on Form 10-QSB contains forward-looking statements
made  pursuant  to  the  safe harbor provisions of the Securities  Litigation
Reform  Act  of 1995.  These forward looking statements are based largely  on
the  Company's  expectations  and  are subject  to  a  number  of  risks  and
uncertainties, many of which are beyond the Company's control, including, but
not  limited  to,  economic,  competitive and  other  factors  affecting  the
Company's  operations, markets, products and services,  expansion  strategies
and  other factors discussed elsewhere in this report and the documents filed
by  the  Company with the Securities and Exchange Commission.  Actual results
could  differ materially from these forward-looking statements.  In light  of
these  risks  and uncertainties, there can be no assurance that the  forward-
looking  information  contained in this report will in fact  prove  accurate.
The Company does not undertake any obligation to revise these forward-looking
statements to reflect future events or circumstances.

Liquidity and Capital Reserves

As of September 30, 2000 and September 30, 1999 (Unaudited)

     As  of  September  30, 1999, the Company's assets were  $2,141  and  its
liabilities   were  $1,129,103,  resulting  in  an  deficit  of   assets   of
($1,126,961). Cash was $1,113 at September 30, 2000 as compared  to  cash  of
$3,940 on September 30, 1999.

     The  Company  has continued to fund its deficit cash flow  from  private
placements  of the Company's common stock. It is anticipated that  loans  and
the  sale of the Company's stock will continue until such time as the Company
generates   sufficient  revenues  from  its  operations  to  cover  operating
expenses.

<PAGE>

PART II--OTHER INFORMATION

Item 1.       Legal Proceedings.

     None

Item 2.       Changes in Securities.

     None.

Item 3.       Defaults by the Company upon its Senior Securities.

     None.

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

     None

Item 5.       Other Information.

     None

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

     None

<PAGE>

                                 SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant  has  duly caused this report to be signed on its  behalf  by  the
undersigned, thereunto duly authorized.


TWIN FACES EAST ENTERTAINMENT CORPORATION
(Registrant)



By:/s/ Michael Smolanoff               By:_/s/Stan Teeple_
  Michael Smolanoff                          Stan Teeple
  CEO, President                             Secretary/ Treasurer


Date: October 30, 2000                    Date: October 30, 2000