SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C.  20549

                                 FORM 10-KSB

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

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

                For the fiscal year ended: December 31, 1999

                      Commission file number 000-28693

                            TARRAB CAPITAL GROUP
           (Exact name of registrant as specified in its charter)

Nevada                                            88-0443174
(State or other jurisdiction of                   (I.R.S. Employer
incorporation or organization)                    Identification No.)

1850 E. Flamingo Rd., #111
Las Vegas, NV                                     89119
(Address of principal executive offices)          (zip code)

                Issuer's Telephone Number:    (702) 866-5835

       Securities registered under Section 12(b) of the Exchange Act:
                                    None

       Securities registered under Section 12(g) of the Exchange Act:
                        Common Stock, $.001 par value
                              (Title if Class)

     Indicate by check mark whether the registrant (a) 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               No     X

     Indicate  by  check mark if disclosure of delinquent filers pursuant  to
Item  405  of  Regulation  S-K  is not contained  herein,  and  will  not  be
contained,  to  the  best of registrant's knowledge, in definitive  proxy  or
information  statements incorporated by reference in Part III  of  this  Form
10-K or any amendment to this Form 10-K.  [     ]

     The  number of shares of Common Stock, $0.001 par value, outstanding  on
December 31, 1999, was 5,000,000 shares, held by approximately 1 stockholder.

<PAGE>

PART I

ITEM 1.   DESCRIPTION OF BUSINESS

     Tarrab Capital Group was incorporated in the State of Nevada on November
22,  1999, to engage in any lawful corporate undertaking, including, but  not
limited  to,  selected  mergers  and  acquisitions.  We  have  been  in   the
development stage since inception.  Tarrab Capital Group has not  engaged  in
any commercial operations. Tarrab Capital Group does not have active business
operations, and at this time we are considered a "Blank Check" company.

     We  registered  our common stock on a Form 10-SB registration  statement
filed  pursuant  to the Securities Exchange Act of 1934 (the "Exchange  Act")
and  Rule  12(g) thereof.  We intend to file with the Securities and Exchange
Commission  periodic and episodic reports under Rule 13(a)  of  the  Exchange
Act, including quarterly reports on Form 10-QSB and annual reports on Form 10-
KSB.   As  a  reporting  company  under the Exchange  Act,  we  may  register
additional  securities on Form S-8 (provided that we are in  compliance  with
the  reporting  requirements of the Exchange Act) and on Form  S-3  (provided
that  we  have  during  the prior 12 month period timely  filed  all  reports
required  under  the Exchange Act), and our class of common stock  registered
under  the Exchange Act may be traded in the United States securities markets
provided  that  we  are then in compliance with applicable  laws,  rules  and
regulations, including compliance with our reporting requirements  under  the
Exchange Act.

     We  will attempt to locate and negotiate with a business entity for  the
merger  of  that target business into the Company.  In certain  instances,  a
target business may wish to become a subsidiary of the Company or may wish to
contribute  assets  to the Company rather than merge.  No assurances  can  be
given  that we will be successful in locating or negotiating with any  target
business.

     Management  believes  that  there are  perceived  benefits  to  being  a
reporting  company  with a class of publicly-traded  securities.   These  are
commonly  thought to include (1) the ability to use registered securities  to
make  acquisition  of assets or businesses; (2) increased visibility  in  the
financial  community;  (3)  the  facilitation  of  borrowing  from  financial
institutions;   (4)  improved trading efficiency; (5) stockholder  liquidity;
(6)  greater  ease in subsequently raising capital; (7) compensation  of  key
employees  through options stock; (8) enhanced corporate  image;  and  (9)  a
presence in the United States capital market.

     A  business  entity,  if  any, which may be  interested  in  a  business
combination with us may include (1) a company for which a primary purpose  of
becoming public is the use of its securities for the acquisition of assets or
businesses;  (2)  a  company which is unable to find an  underwriter  of  its
securities  or  is  unable  to find an underwriter  of  securities  on  terms
acceptable  to  it;  (3) a company which wishes to become  public  with  less
dilution  of its common stock than would occur normally upon an underwriting;
(4)  a  company  which  believes that it will be able  to  obtain  investment
capital  on  more favorable terms after it has become public; (5)  a  foreign
company  which  may  wish  to gain an initial entry into  the  United  States
securities market; (6) a special situation company, such as a company seeking
a public market to satisfy redemption requirements under a qualified Employee
Stock  Option  Plan;  or  (7) a company seeking one  or  more  of  the  other
perceived benefits of becoming a public company.

<PAGE>

     Management  is  actively  engaged in seeking a qualified  company  as  a
candidate  for  a business combination.  We are authorized to  enter  into  a
definitive agreement with a wide variety of businesses without limitation  as
to  their  industry or revenues.  It is not possible at this time to  predict
with which company, if any, we will enter into a definitive agreement or what
will  be the industry, operating history, revenues, future prospects or other
characteristics of that company.

     We  may  seek  a business opportunity with entities which have  recently
commenced  operations,  or which wish to utilize the  public  marketplace  in
order  to  raise additional capital in order to expand into new  products  or
markets,  to  develop  a  new  product or service,  or  for  other  corporate
purposes.   We may acquire assets and establish wholly-owned subsidiaries  in
various businesses or acquire existing businesses as subsidiaries.

     Our  management,  which  in all likelihood will not  be  experienced  in
matters relating to the business of a target business, will rely upon its own
efforts  in  accomplishing  our business purposes.   Outside  consultants  or
advisors  may be utilized by us to assist in the search for qualified  target
companies.  If  we do retain such an outside consultant or advisor, any  cash
fee earned by such person will need to be assumed by the target business,  as
we have limited cash assets with which to pay such obligation.

     The  analysis  of new business opportunities will be undertaken  by,  or
under the supervision of, our officer and director, who is not a professional
business   analyst.    In   analyzing  prospective  business   opportunities,
management  may  consider such matters as the available technical,  financial
and  managerial resources; working capital and other financial  requirements;
history  of  operations, if any; prospects for the future; nature of  present
and  expected competition; the quality and experience of management  services
which  may  be available and the depth of that management; the potential  for
further research, development, or exploration; specific risk factors not  now
foreseeable  but  which  then  may  be anticipated  to  impact  our  proposed
activities; the potential for growth or expansion; the potential for  profit;
the  perceived  public  recognition or acceptance of products,  services,  or
trades; name identification; and other relevant factors.

     Management  does  not  have  the capacity to  conduct  as  extensive  an
investigation  of  a  target business as might be  undertaken  by  a  venture
capital  fund or similar institution.  As a result, management may  elect  to
merge  with a target business which has one or more undiscovered shortcomings
and may, if given the choice to select among target businesses, fail to enter
into an agreement with the most investment-worthy target business.

     Following  a  business combination we may benefit from the  services  of
others  in  regard to accounting, legal services, underwritings and corporate
public  relations.   If  requested  by  a  target  business,  management  may
recommend  one or more underwriters, financial advisors, accountants,  public
relations firms or other consultants to provide such services.

     A  potential target business may have an agreement with a consultant  or
advisor  providing  that services of the consultant or advisor  be  continued
after  any  business  combination.  Additionally, a target  business  may  be
presented  to  us only on the condition that the services of a consultant  or
advisor  be  continued  after  a  merger or  acquisition.   Such  preexisting
agreements  of  target businesses for the continuation  of  the  services  of
attorneys,  accountants, advisors or consultants could be  a  factor  in  the
selection of a target business.

<PAGE>
     In  implementing  a structure for a particular business acquisition,  we
may become a party to a merger, consolidation, reorganization, joint venture,
or  licensing  agreement with another corporation or  entity.   We  may  also
acquire  stock or assets of an existing business.  On the consummation  of  a
transaction, it is likely that our present management and stockholder will no
longer be in our control.  In addition, it is likely that the our officer and
director  will,  as part of the terms of the acquisition transaction,  resign
and be replaced by one or more new officers and directors.

     It  is anticipated that any securities issued in any such reorganization
would be issued in reliance upon exemption from registration under applicable
federal  and  state securities laws.  In some circumstances,  however,  as  a
negotiated element of its transaction, we may agree to register all or a part
of  such  securities immediately after the transaction is consummated  or  at
specified times thereafter.  If such registration occurs, of which there  can
be  no assurance, it will be undertaken by the surviving entity after we have
entered  into  an agreement for a business combination or have consummated  a
business  combination and we are no longer considered a blank check  company.
The  issuance  of  additional securities and their potential  sale  into  any
trading  market  which may develop in our securities may depress  the  market
value  of  our securities in the future if such a market develops,  of  which
there is no assurance.

     While  the  terms of a business transaction to which we may be  a  party
cannot  be  predicted,  it  is  expected that the  parties  to  the  business
transaction will desire to avoid the creation of a taxable event and  thereby
structure the acquisition in a tax-free reorganization under Sections 351  or
368 of the Internal Revenue Code of 1986, as amended.

     With  respect  to any merger or acquisition negotiations with  a  target
business, management expects to focus on the percentage of the Company  which
target business stockholder would acquire in exchange for their shareholdings
in  the  target  business.  Depending upon, among other  things,  the  target
business's  assets  and liabilities, our stockholder will in  all  likelihood
hold  a  substantially lesser percentage ownership interest  in  the  Company
following  any merger or acquisition.  Any merger or acquisition effected  by
us can be expected to have a significant dilutive effect on the percentage of
shares held by our stockholder at such time.

     No assurances can be given that we will be able to enter into a business
combination, as to the terms of a business combination, or as to  the  nature
of the target business.

     As  of  the  date  hereof, management has not made  any  final  decision
concerning or entered into any written agreements for a business combination.
When  any  such agreement is reached or other material fact occurs,  we  will
file  notice  of  such  agreement or fact with the  Securities  and  Exchange
Commission  on  Form 8-K.  Persons reading this Form 10-KSB  are  advised  to
determine if we have subsequently filed a Form 8-K.

     We  anticipate that the selection of a business opportunity in which  to
participate  will  be  complex and without certainty of  success.  Management
believes  (but  has  not conducted any research to confirm)  that  there  are
numerous  firms  seeking  the perceived benefits  of  a  publicly  registered
corporation.   Such perceived benefits may include facilitating or  improving
the  terms  on  which  additional equity financing may be  sought,  providing
liquidity  for incentive stock options or similar benefits to key  employees,
increasing the opportunity to use securities for acquisitions, and  providing
liquidity for stockholder and other factors.  Business opportunities  may  be
available  in many different industries and at various stages of development,
all of which will make the task of comparative investigation and analysis  of
such business opportunities extremely difficult and complex.

<PAGE>

     Computer  Systems  Redesigned  For Year 2000.   Many  existing  computer
programs use only two digits to identify a year in such program's date field.
These  programs  were  designed and developed without  consideration  of  the
impact of the change in the century for which four digits will be required to
accurately  report  the  date.  If not corrected, many computer  applications
could  fail  or create erroneous results following the year 2000 ("Year  2000
Problem").   Many  of  the computer programs containing  such  date  language
problems  have  not been corrected by the companies or governments  operating
such  programs.  It is impossible to predict what computer programs  will  be
effected,  the  impact  any  such  computer disruption  will  have  on  other
industries or commerce or the severity or duration of a computer disruption.

     We  do not have operations and do not maintain computer systems.  Before
we  enter  into any business combination, we may inquire as to the status  of
any  target business's Year 2000 Problem, the steps such target business  has
taken  or intends to take to correct any such problem and the probable impact
on such target business of any computer disruption.  However, there can be no
assurance  that  we  will  not  merge with a  target  business  that  has  an
uncorrected  Year  2000  Problem  or  that  any  planned  Year  2000  Problem
corrections  will be sufficient.  The extent of the Year 2000  Problem  of  a
target  business  may be impossible to ascertain and any impact  on  us  will
likely be impossible to predict.

ITEM 2.   DESCRIPTION OF PROPERTY

     We have no properties and at this time have no agreements to acquire any
properties.   We currently use the offices of management at no  cost  to  us.
Management  has  agreed to continue this arrangement  until  we  complete  an
acquisition or merger.

ITEM 3.   LEGAL PROCEEDINGS

     There is no litigation pending or threatened by or against us

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     No  matter  was  submitted to a vote of security  holders,  through  the
solicitation of proxies or otherwise, during the fourth quarter of the fiscal
year covered by this report.

PART II

ITEM 5.   MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

     There is currently no public market for our securities. We do not intend
to  trade  our  securities  in the secondary market  until  completion  of  a
business  combination or acquisition.  It is anticipated that following  such
occurrence  we  will  cause  our common stock to be  listed  or  admitted  to
quotation  on  the NASD OTC Bulletin Board or, if we then meet the  financial
and  other  requirements  thereof, on the Nasdaq  SmallCap  Market,  National
Market System or regional or national exchange.

<PAGE>

     The  proposed  business activities described herein  classify  us  as  a
"blank  check"  company.   The Securities and Exchange  Commission  and  many
states  have  enacted statutes, rules and regulations limiting  the  sale  of
securities  of  blank  check  companies in  their  respective  jurisdictions.
Management  does  not intend to undertake any efforts to cause  a  market  to
develop in our securities until such time as we have successfully implemented
our  business plan described herein.  Accordingly, our stockholder has agreed
that  he  will not sell or otherwise transfer his shares of our common  stock
except  in connection with or following completion of a merger or acquisition
and  we  have no longer classified as a blank check company.  The stockholder
has  deposited  such  stockholder's respective  stock  certificate  with  our
management,  who  will  not  release  the respective  certificate  except  in
connection with or following the completion of a merger or acquisition.

     There is currently one stockholder of our outstanding common stock.

     During  the past three years, we have issued securities which  were  not
registered as follows:
<TABLE>

                                           NUMBER OF
DATE                        NAME             SHARES        CONSIDERATION
<S>                 <C>                   <C>             <C>
November 22, 1999    Andreas G. Commins    5,000,000          $5,000
</TABLE>

________

(1)  Mr. Commins is our sole director, controlling stockholder and president.
     Shares issued to Mr. Commins were in return for services provided to  us
     by Mr. Commins, in lieu of cash. With respect to the stock issued to Mr.
     Commins,  we relied upon Section 4(2) of the Securities Act of 1933,  as
     amended and Rule 506 promulgated thereunder.

ITEM 6.   MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

     We  were  formed  to  engage  in a merger  with  or  acquisition  of  an
unidentified foreign or domestic company which desires to become a  reporting
("public")  company whose securities are qualified for trading in the  United
States  secondary market.  We meet the definition of a "blank check"  company
contained in Section (7)(b)(3) of the Securities Act of 1933, as amended.  We
have  been  in the developmental stage since inception and have no operations
to  date.  Other than issuing shares to our original stockholder, we have not
commenced any operational activities.

     We  will  not  acquire  or merge with any entity  which  cannot  provide
audited  financial statements at or within a reasonable period of time  after
closing  of  the proposed transaction.  We are subject to all  the  reporting
requirements included in the Exchange Act.  Included in these requirements is
our  duty to file audited financial statements as part of our Form 8-K to  be
filed  with  the  Securities and Exchange Commission upon consummation  of  a
merger  or acquisition, as well as our audited financial statements  included
in  our  annual  report  on Form 10-K (or 10-KSB, as  applicable).   If  such
audited  financial statements are not available at closing,  or  within  time
parameters  necessary to insure our compliance with the requirements  of  the
Exchange Act, or if the audited financial statements provided do not  conform
to the representations made by the target business, the closing documents may
provide  that the proposed transaction will be voidable at the discretion  of
our present management.

<PAGE>

     We will not restrict our search for any specific kind of businesses, but
may  acquire  a  business which is in its preliminary or  development  stage,
which  is  already in operation, or in essentially any stage of its  business
life. It is impossible to predict at this time the status of any business  in
which  we  may  become  engaged,  in that such  business  may  need  to  seek
additional  capital, may desire to have its shares publicly  traded,  or  may
seek other perceived advantages which we may offer.

     A  business combination with a target business will normally involve the
transfer to the target business of the majority of our common stock, and  the
substitution  by  the  target business of its own  management  and  board  of
directors.

     We have, and will continue to have, no capital with which to provide the
owners  of  business  opportunities with any cash or other  assets.  However,
management believes we will be able to offer owners of acquisition candidates
the  opportunity to acquire a controlling ownership interest  in  a  publicly
registered company without incurring the cost and time required to conduct an
initial  public offering.  Our officer and director has not conducted  market
research  and  is  not  aware of statistical data to  support  the  perceived
benefits  of a merger or acquisition transaction for the owners of a business
opportunity.

     Our  stockholder has agreed that they will advance any additional  funds
which  we  need  for  operating  capital and for  costs  in  connection  with
searching for or completing an acquisition or merger. Such advances  will  be
made without expectation of repayment unless the owners of the business which
we  acquire  or merge with agree to repay all or a portion of such  advances.
There  is no minimum or maximum amount such stockholder will advance  to  us.
We  will  not borrow any funds for the purpose of repaying advances  made  by
such  stockholder, and we will not borrow any funds to make any  payments  to
our promoters, management or their affiliates or associates.

     The  Board of Directors has passed a resolution which contains a  policy
that  we will not seek an acquisition or merger with any entity in which  our
officer,  director,  stockholder or his affiliates  or  associates  serve  as
officer or director or hold more than a 10% ownership interest.

ITEM 7.   FINANCIAL STATEMENTS

     See Index to Financial Statements and Financial Statement Schedules
appearing on page F-1 through F-7 of this Form 10-KSB.


ITEM 8.   CHANGES  IN  AND  DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING  AND
          FINANCIAL DISCLOSURE

     There were no changes in or disagreements with accountants on accounting
and financial disclosure for the period covered by this report.

<PAGE>




PART III

ITEM 9    DIRECTORS,  EXECUTIVE  OFFICERS,  PROMOTERS  AND  CONTROL  PERSONS;
          COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT

     Our Director and Officer are as follows:
<TABLE>
Name                         Age    Positions and Offices Held
<S>                         <C>    <C>
Andreas G. Commins           29     President, Secretary, Director
</TABLE>
     There are no agreements or understandings for the officer or director to
resign  at  the  request  of another person and the above-named  officer  and
director  is  not  acting on behalf of nor will act at the direction  of  any
other person.

     Set  forth  below is the name of our director and officer, all positions
and  offices with us held, the period during which he has served as such, and
the business experience during at least the last five years:

     Andreas  G. Commins acts as President, Secretary, Treasurer and Director
for  the  Company. Mr. Commins has served as an officer and director  of  the
Company  since  inception.  Mr. Commins currently serves  as  a  Director  of
Securities  Law Institute, a securities consulting firm. From 1987-1998,  Mr.
Commins was on active in the United States Marine Corps and the United States
Army.  Mr.  Commins graduated from the University of Tampa  with  a  B.A.  in
International Relations in 1997.

CURRENT BLANK CHECK COMPANIES

     The  SEC reporting blank check companies that Andreas Commins serves  as
President and Director are listed in the following table:
<TABLE>
                                                     Date
Incorporation Name            Form Type   File #   of Filing(3)  Status(l)
<S>                           <C>        <C>       <C>          <C>
Incubus Acquisition, Inc (2a)  10SB12G   000-28771   5 Jan 00     No
</TABLE>
(1)  Under   Merger  Status  "Merger"  represents  either  a  merger  or   an
     acquisition  has  occurred or the company ceased to  be  a  blank  check
     company  by  operating  specific business a  "No"  represents  that  the
     company  is  currently  seeking merger or  acquisition  candidate.  More
     detailed   information  for  each  merger  is  disclosed  in   following
     paragraphs.

(2)  (2a)  The  SEC has no additional comments as of the date of this  filing
     and has granted effectiveness on January 18, 2000.

(3)  On  the  60th  day of the filing, each company becomes  subject  to  the
     reporting requirements under the Securities Exchange Act of 1934, unless
     accelerated by the SEC, at the request of the company.
<PAGE>


CONFLICTS OF INTEREST

     Our  officer  and  director expects to organize  other  companies  of  a
similar  nature  and  with a similar purpose as us. Consequently,  there  are
potential  inherent  conflicts  of interest in  acting  as  our  officer  and
director.  Insofar as the officer and director is engaged in  other  business
activities, management anticipates that he will devote only a minor amount of
time  to  our affairs. We do not have a right of first refusal pertaining  to
opportunities   that  come  to  management's  attention   insofar   as   such
opportunities may relate to our proposed business operations.

    A  conflict may arise in the event that another blank check company  with
which management is affiliated is formed and actively seeks a target company.
It  is  anticipated that target companies will be located for  us  and  other
blank check companies in chronological order of the date of formation of such
blank check companies or, in the case of blank check companies formed on  the
same  date,  alphabetically. However, any blank check  companies  with  which
management is, or may be, affiliated may differ from us in certain items such
as place of incorporation, number of shares and stockholder, working capital,
types  of  authorized securities, or other items. It may  be  that  a  target
company  may be more suitable for or may prefer a certain blank check company
formed after us. In such case, a business combination might be negotiated  on
behalf  of  the more suitable or preferred blank check company regardless  of
date of formation.

    The  terms of business combination may include such terms as Mr.  Commins
remaining  a  director  or  officer  of the  Company  and/or  the  continuing
securities work of the Company being handled by the consulting firm of  which
Mr.  Commins  is a director. The terms of a business combination may  provide
for  a  payment  by  cash or otherwise to Mr. Commins  for  the  purchase  or
retirement  of  all or part of his common stock of the Company  by  a  target
company  or  for  services  rendered incident  to  or  following  a  business
combination.  Mr.  Commins would directly benefit  from  such  employment  or
payment. Such benefits may influence Mr. Commins choice of a target company.

    We  may  agree  to  pay  finder's fees, as appropriate  and  allowed,  to
unaffiliated  persons  who  may  bring a target  company  to  us  where  that
reference results in a business combination. No finder's fee of any kind will
be  paid  by  us  to  management or our promoters or to their  associates  or
affiliates.  No loans of any type have, or will be, made by us to  management
or our promoters of or to any of their associates or affiliates.

    We  will not enter into a business combination, or acquire any assets  of
any  kind  for  our securities, in which our management or any affiliates  or
associates have a greater than 10% interest, direct or indirect.

    There  are  no  binding guidelines or procedures for resolving  potential
conflicts of interest. Failure by management to resolve conflicts of interest
in  favor  of us could result in liability of management to us. However,  any
attempt by stockholder to enforce a liability of management to us would  most
likely be prohibitively expensive and time consuming.

<PAGE>




ITEM 10.  EXECUTIVE COMPENSATION

     Our  officer  and  director does not receive any  compensation  for  his
services rendered, has not received such compensation in the past, and is not
accruing  any  compensation pursuant to any agreement with  us  However,  our
officer   and  director  anticipates  receiving  benefits  as  a   beneficial
stockholder and, possibly, in other ways.

     No  retirement,  pension,  profit sharing,  stock  option  or  insurance
programs or other similar programs have been adopted by us for the benefit of
our employees.

ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

     The  following  table sets forth, as of December 31, 1999,  each  person
known  by us to be the beneficial owner of five percent or more of our Common
Stock  and our director and officer. Except as noted, the holder thereof  has
sole voting and investment power with respect to the shares shown.
<TABLE>
Name and Address                   Amount of             Percent of
Of Beneficial Owner               Beneficial         Outstanding Stock
                                   Ownership
<S>                               <C>                <C>
Andreas G. Commins                 5,000,000                100%
1850 E. Flamingo Rd., #111
Las Vegas, NV 89119

All Executive Officers and
Directors as a Group
(1 Person)                         5,000,000                100%
</TABLE>
ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     On  November 22, 1999, the Company issued a total of 5,000,000 shares of
Common Stock to the following persons for a total of $5,000 in services:
<TABLE>
                              NUMBER OF                  TOTAL
NAME                           SHARES                CONSIDERATION
<S>                          <C>                     <C>
Andreas G.. Commins           5,000,000                  $5,000
</TABLE>

     The  Board of Directors has passed a resolution which contains a  policy
that  we will not seek an acquisition or merger with any entity in which  our
officer,  director  or  holder or their affiliates  or  associates  serve  as
officer or director or hold more than a 10% ownership interest. Management is
not aware of any circumstances under which this policy may be changed.

<PAGE>
ITEM 13.  EXHIBITS AND REPORTS ON FORM 8-K

     (a)  Exhibits
     3.1* Certificate  of Incorporation filed as an exhibit to the  Company's
          registration  statement on Form 10-SB filed on December  29,  1999,
          and incorporated herein by reference.
     3.2* By-Laws filed as an exhibit to the Company's registration statement
          on  Form 10-SB filed on December 29, 1999, and incorporated  herein
          by reference.
     23   Consent of Accountants
     27   Financial Data Schedule
     _____
     *    Previously filed

     (b)   There were no reports on Form 8-K filed by the Company during  the
       quarter ended December 31, 1999.

<PAGE>

                                 SIGNATURES

     Pursuant  to  the requirements of Section 13 or 15(d) 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.

TARRAB CAPITAL GROUP

                                   By:/s/ Andreas Commins
                                         Andreas G. Commins, President

                                   Dated:    February 1, 2000

     Pursuant  to  the requirements of the Securities Exchange Act  of  1934,
this  report has been signed below by the following persons on behalf of  the
registrant and in the capacities and on the dates indicated.

NAME                     OFFICE              DATE

/s/ Andreas Commins
Andreas G. Commins       Director            February 1, 2000

<PAGE>

                              TABLE OF CONTENTS
                                                                         PAGE
INDEPENDENT AUDITORS' REPORT                                             F-1

BALANCE SHEET                                                            F-2

STATEMENT OF OPERATIONS                                                  F-3

STATEMENT OF STOCKHOLDERS' EQUITY                                        F-4

STATEMENT OF CASH FLOWS                                                  F-5

NOTES TO FINANCIAL STATEMENTS                                        F-6-F-7

<PAGE>

                           BARRY L. FRIEDMAN, P.C.
                         Certified Public Accountant

1582 TULITA DRIVE                           OFFICE (702) 361-8414
LAS VEGAS, NEVADA 89123                    FAX NO. (702) 896-0278

                        INDEPENDENT AUDITORS' REPORT

Board Of Directors                               January 17, 2000
Tarrab Capital Group
Las Vegas, Nevada

     I have audited the Balance Sheet of Tarrab Capital Group, (A Development
Stage  Company),  as  of  December 31, 1999, and the  related  Statements  of
Operations,  Stockholders' Equity and Cash Flows for the period November  22,
1999,  (inception) to December 31, 1999. These financial statements  are  the
responsibility of the Company's management. My responsibility is  to  express
an opinion on these financial statements based on my audit.

     I  conducted  my  audit in accordance with generally  accepted  auditing
standards.  Those  standards require that I plan and  perform  the  audit  to
obtain  reasonable assurance about whether the financial statements are  free
of  material  misstatement. An audit includes examining,  on  a  test  basis,
evidence  supporting the amounts and disclosures in the financial statements.
An   audit  also  includes  assessing  the  accounting  principles  used  and
significant  estimates made by management, as well as evaluating the  overall
financial  statement  presentation.  I  believe  that  my  audit  provides  a
reasonable basis for my opinion.

     In  my  opinion,  the  financial statements referred  to  above  present
fairly,  in  all material respects, the financial position of Tarrab  Capital
Group,  (A Development Stage Company), at December 31, 1999, and the  results
of its operations and cash flows for the period November 22,1999, (inception)
to  December  31,  1999,  in  conformity with generally  accepted  accounting
principles.

     The  accompanying financial statements have been prepared  assuming  the
Company  will  continue as a going concern. As discussed in Note  #3  to  the
financial statements, the Company has no established source of revenue.  This
raises  substantial doubt about its ability to continue as a  going  concern.
Management's plan in regard to these matters are also described in  Note  #3.
The  financial  statements do not include any adjustments that  might  result
from the outcome of this uncertainty.

/s/ Barry Friedman

Barry L. Friedman
Certified Public Accountant

<PAGE>
<TABLE>
                            TARRAB CAPITAL GROUP
                        (A Development Stage Company)
                              December 31, 1999

                                BALANCE SHEET

                                   ASSETS
<S>                                                           <C>
CURRENT ASSETS                                                       $    0
                                                                -----------
     TOTAL CURRENT ASSETS                                            $    0
                                                                -----------
OTHER ASSETS                                                         $    0
                                                                -----------
     TOTAL OTHER ASSETS                                              $    0
                                                                -----------
  TOTAL ASSETS                                                       $    0
                                                                ===========
</TABLE>
<TABLE>
                   LIABILITIES AND STOCKHOLDERS' EQUITY
<S>                                                        <C>
CURRENT LIABILITIES
  Officers Advances (Note #6)                                      $    305
                                                                -----------
     TOTAL CURRENT LIABILITIES                                     $    305
                                                               ------------
STOCKHOLDERS' EQUITY

   Preferred Stock, $001 par value,
   Authorized 5,000,000 shares
   Issued and outstanding at
   December 31, 1999- None                                        $       0

   Common stock, $.001 par value,
   authorized 20,000,000 shares;
   issued and outstanding at
   December 31, 1999-5,000,000 shares                            $    5,000

Additional paid-in capital                                                0

Deficit accumulated during
development stage                                                   (5,305)
                                                                 ----------
     TOTAL STOCKHOLDER'S EQUITY                                  $    (305)
                                                               ------------
  TOTAL LIABILITIES AND STOCKHOLDERS'
  EQUITY                                                             $    0
                                                               ============
</TABLE>
  The accompanying notes are an integral part of these financial statements
<PAGE>
<TABLE>
                            TARRAB CAPITAL GROUP
                        (A Development Stage Company)
             November 22, 1999,(Inception) to December 31, 1999


                           STATEMENT OF OPERATIONS
<S>                                                        <C>
INCOME
Revenue                                                              $    0
                                                               ------------
EXPENSE
Services                                                         $    5,000
General and
Administrative                                                          305
                                                               ------------
TOTAL EXPENSES                                                   $    5,305
                                                               ------------
NET LOSS                                                       $    (5,305)
                                                               ============
Net Loss
Per Share                                                      $    (.0011)
                                                               ============
Weighted average
number of common
shares outstanding                                                5,000,000
                                                              =============
</TABLE>
  The accompanying notes are an integral part of these financial statements

<PAGE>
<TABLE>
                            TARRAB CAPITAL GROUP
                        (A Development Stage Company)


                      STATEMENT OF STOCKHOLDERS' EQUITY

                                                                 Deficit
                                                               accumulated
                                                   Additional     during
                                 Common Stock        paid-in   development
                                                     Capital      stage
                              Shares      Amount
                             --------    -------    --------    ---------
<S>                          <C>        <C>        <C>         <C>
November 22, 1999
issued for services          5,000,000     $ 5,000      $    0       $    0

Net loss, November
22,1999(inception)
To December 31, 1999                                                (5,305)
                             ---------   ---------   ---------  -----------
Balance,
December 31, 1999            5,000,000      $5,000         $ 0     $(5,305)
                              ========    ========  ==========  ===========
</TABLE>
  The accompanying notes are an integral part of these financial statements

<PAGE>
<TABLE>
                            TARRAB CAPITAL GROUP
                        (A Development Stage Company)
             November 22, 1999,(Inception) to December 31, 1999

                           STATEMENT OF CASH FLOWS
<S>                                                        <C>
Cash Flows from
Operating Activities
Net loss                                                       $    (5,305)
Issue common stock for services                                       5,000

Changes in assets and
Liabilities
Officers Advances                                                       305
                                                               ------------
Cash flows from
Operating activities                                           $          0

Cash flows from
Investing Activities                                                      0

Cash Flows from
Financing Activities                                                      0
                                                             --------------
Net increase in cash                                                 $    0

Cash,
beginning of period                                                       0
                                                             --------------
Cash,
end of period                                                        $    0
                                                             ==============
</TABLE>
  The accompanying notes are an integral part of these financial statements

<PAGE>

                            TARRAB CAPITAL GROUP
                        (A Development Stage Company)

                        NOTES TO FINANCIAL STATEMENTS
                              December 31, 1999

NOTE 1 - HISTORY AND ORGANIZATION OF THE COMPANY

     The Company was organized November 22, 1999, under the laws of the State
of  Nevada,  as Tarrab Capital Group. The Company currently has no operations
and, in accordance with SFAS #7, is considered a development stage company.

     On  November 22, 1999, the Company issued 5,000,000 shares of its  $.001
par value common stock for services of $5, 000.00.

NOTE 2 - ACCOUNTING POLICIES AND PROCEDURES

     Accounting  policies and procedures have not been determined  except  as
follows:

     1.   The Company uses the accrual method of accounting.

     2.   Earnings per share is computed using the weighted average number of
common shares outstanding.

     3.    The  Company has not yet adopted any policy regarding  payment  of
dividends. No dividends have been paid since inception.

     4.     In  April  1998,  the  American  Institute  of  Certified  Public
Accountant's  issued Statement of Position 98-5 ("SOP 98-511),  Reporting  on
the  Costs  of Start-Up Activities" which provides guidance on the  financial
reporting  of  start-up costs and organization costs. It  requires  costs  of
start-up  activities and organization costs to be expensed as  incurred.  SOP
98-5  is  effective for fiscal years beginning after December 31, 1998,  with
initial  adoption reported as the cumulative effect of a change in accounting
principle. With the adoption of SOP 98-5, there has been little or no  effect
on the Company's financial statements.

NOTE 3 - GOING CONCERN

     The  Company's  financial statements are prepared  using  the  generally
accepted   accounting  principles  applicable  to  a  going  concern,   which
contemplates the realization of assets and liquidation of liabilities in  the
normal  course  of  business. However, the Company has no current  source  of
revenue.  Without realization of additional capital, it would be unlikely for
the  Company to continue as a going concern. It is management's plan to  seek
additional capital through a merger with an existing operating company.

<PAGE>

                            TARRAB CAPITAL GROUP
                        (A Development Stage Company)


                        NOTES TO FINANCIAL STATEMENTS
                              December 31, 1999

NOTE 4 - WARRANTS AND OPTIONS

     There  are  no  warrants or options outstanding to issue any  additional
shares of common or preferred stock of the Company.

NOTE 5 - RELATED PARTY TRANSACTION

     The Company neither owns or leases any real or personal property. Office
services are provided without charge by a director. Such costs are immaterial
to  the  financial  statements  and, accordingly,  have  not  been  reflected
therein.  The  officers and directors of the Company are  involved  in  other
business activities and may, in the future, become involved in other business
opportunities.  If  a specific business opportunity becomes  available,  such
persons may face a conflict in selecting between the Company and their  other
business  interests.  The  Company  has  not  formulated  a  policy  for  the
resolution of such conflicts.

NOTE 6 - OFFICERS ADVANCES

     While  the  Company is seeking additional capital through a merger  with
an  existing operating company, an officer of the Company has advanced  funds
on behalf of the Company to pay for any costs incurred by it. These funds are
interest free.