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

                                   FORM 10-QSB

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

                    For the Quarter Ended September 30, 2000

                                       OR

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

                        For the transition period from to

                         Commission File Number 0-25753

                            JAGUAR INVESTMENTS, INC.
        (Exact name of small business issuer as specified in its charter)


                  Nevada                               87-0449667,
      (State or other jurisdiction of       (I.R.S. Employer Identification No.)
      incorporation or organization)

                 7025 E 1st Ave., Suite 5, Scottsdale, AZ 85251
                    (Address of principal executive offices)

         Registrant's telephone no., including area code: (480) 945-2232

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the Securities Exchange Act of 1934 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 CORPORATE ISSUERS

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




Class                                       Outstanding as of September 30, 2000
Common Stock, $.001 par value               1,310,000



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<PAGE>

                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)


                                TABLE OF CONTENTS


Part I       Financial Information                                          Page

Item 1. Financial
             Statements:                                                       3

          Condensed  Balance Sheets  September 30, 2000 (unaudited)            3
          and December 31, 1999 4


          Condensed Statements of Operations for the three and nine            3
          months ended September  30,  2000  and  1999  (unaudited),
          and  cummulative  from inception on October 28, 1987 through
          September 30, 2000

          Condensed statements of stockholders' equity from inception          4
          on October 28, 1987 through September 30, 2000

          Condensed Statements of Cash Flows for the nine months ended         5
          September 30, 2000 and 1999  (unaudited),  and  cummulative
          from  inception  on October 28, 1987 through September 30, 2000

          Notes to  Financial  Statements  (unaudited)                         6

          Item  2.  Plan  of   operation                                       6

Part II      Other Information                                                 7

PART I

To the Board of Directors
Jaguar Investments, Inc.
Salt Lake City, Utah

We have reviewed the accompanying condensed balance sheet of Jaguar Investments,
Inc.  as  of  September  30,  2000  and  the  related  condensed  statements  of
operations,  stockholders'  equity  (deficit),  and cash flows for the three and
nine months ended September 30, 2000 and 1999, in accordance with Statements for
Accounting  and Review  Services  issued by the American  institute of Certified
Public Accountants.  All information  included in these financial  statements is
the representation of the management of Jaguar Investments, Inc.

The  accompanying  financial  statements  should be read in conjunction with the
audited  financial  statements  as of December  31,  1999,  wherein all notes to
financial statements at that date are presented.  Accordingly, those disclosures
have been omitted from the financial  statements  referred to above, as they are
considered to have continuing application.

A review consists  principally of inquiries of company  personnel and analytical
procedures  applied to financial data. It is substantially less in scope than an
audit in accordance with generally accepted auditing standards, the objective of
which is the expression of an opinion  regarding the financial  statements taken
as a whole. Accordingly, we do not express such an opinion.

Based on our reviews, we are not aware of any material modifications that should
be made to the  accompanying  financial  statements  in order  for them to be in
conformity with generally accepted accounting principles.

Our review was made for the purpose of expressing  limited  assurance that there
are no material modifications that should be made to the financial statements in
order  for  them  to  be  in  conformity  with  generally  accepted   accounting
principles.


 /s/ Ivan Braverman
Braverman & Company, P.C.
Phoenix, Arizona
December 5, 2000

Item 1. Financial Statements

The following unaudited Financial  Statements for the period ended September 30,
2000, have been prepared by the Company.

JAGUAR INVESTMENTS,  INC. FINANCIAL  STATEMENTS  September 30, 2000 and December
31, 1999

                                       2
<PAGE>


                             JAGUAR INVESTMENTS, INC
                          (A Development Stage Company)
                            CONDENSED BALANCE SHEETS
                                                      September 30, December 31,
                                                          2000          1999
                                                              (unaudited)
                                     ASSETS
CURRENT ASSETS
Cash                                                        $       48 $      48
Total Current Assets                                        $       48 $      48
                                                            $       48 $      48
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT LIABILITIES
       Accounts payable                                     $      500  $    500
       Accounts payable-related party                              300       300
       Total Current Liabilities                                   800       800
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY (DEFICIT)
     Common stock, par value $.001, 20,000,000 shares
          authorized, 1,310,000 issued and                       1,310     1,310
outstanding
     Paid-in capital                                             2,860     2,860
     Contributed capital                                         9,877     8,477
    (Deficit) accumulated during the                          (14,799)  (13,399)
development stage
Total Stockholders' Equity (Deficit)
                                                                 (752)     (752)
                                                             $      48  $     48

The  accompanying  notes  are  an  integral  part  of  the  unaudited  financial
statements


                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)
                       CONDENSED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                                     Cummulatice
                                                                         from
                         Three Months Ended     Nine Months Ended    (Inception)
                                                                          to
                           September 30,         September 30,     September 30,
                          2000       1999           2000          1999      2000
<S>                         <C>       <C>            <C>           <C>       <C>
REVENUES                  $  -       $ -           $  -    $  -              $ -
                                                                                                        -
EXPENSES
   General and            1,400       567          1,400        11,022    14,799
   administrative
   Interest                   -                     -                          -
                          1,400       567          1,400        11,022    14,799
NET( LOSS)          $   (1,400)    $ (567)    $   (1,400)     $(11,022)$(14,799)
                     ===========================================================

NET(LOSS) PER       $    (0.00)    $(0.00)    $    (0.00)     $  (0.01)
SHARE
                     ===========================================================
WEIGHTED AVERAGE
NUMBER OF
  COMMON              1,310,000 1,310,000      1,310,000     1,310,000
SHARES
OUTSTANDING
                     ===========================================================
</TABLE>

The  accompanying  notes  are  an  integral  part  of  the  unaudited  financial
statements


                                       3
<PAGE>


                            JAGUAR INVESTMENTS, INC.
                        (A Development Stage Company)

             CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                             (Deficit)
                                                           Accumulated
                                                            During the
                   Common Stock    Paid-in    Contirbuted  Development
                  Shares   Amount  Capital      Capital          Stage     Total
<S>                  <C>      <C>      <C>          <C>            <C>       <C>
                       -      $ -      $ -          $ -            $ -       $ -

               1,310,000    1,310    2,860        8,477                 $ 12,647

                                                              (13,399) $(13,399)

               1,310,000  - 1,310  - 2,860      - 8,477     - (13,399)   - (752)

                                                  1,400                    1,400

                                                               (1,400)   (1,400)

               1,310,000    1,310    2,860        9,877       (14,799)     (752)
              ==================================================================
</TABLE>

The  accompanying  notes  are  an  integral  part  of  the  unaudited  financial
statements


                                       4
<PAGE>

                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)

                        CONDENSED STATEMENTS OFCASH FLOWS
                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                                          Cummulative
                                                                             from
                                                                           October 28,
                                                                              1987
                                                        Nine Months Ended  (Inception)
                                                          September 30,        to
                                                        2000        1999   September 30,
                                                                              2000
<S>                                                         <C>      <C>        <C>
CASH FLOWS FROM OPERATING ACTIVITIES

     Net  loss                                        $ (1,400) $(11,022)  $ 14,799)
     Adjustments to reconcile net loss to
     net cash used by operating activities:

        Capital contributed for services                  1,400    8,477      9,877
        Capital stock issued for services
                                                                                270
     Changes in operating assets and liabilities:
        Increase (decrease) in accounts payable                      250        800

        Net Cash Used by Operating Activities                 -   (2,295)    (3,852)

CASH FLOWS FROM FINANCING ACTIVITIES
    Proceeds from issuance of common stock                    -        -      3,900

NET (DECREASE) IN CASH                                        -   (2,295)        48

CASH AT BEGINNING OF PERIOD                                  48    2,540          -

CASH AT END OF PERIOD                                 $      48      245  $      48
</TABLE>


The  accompanying  notes  are  an  integral  part  of  the  unaudited  financial
statements

                                       5
<PAGE>


                             JAGUAR INVESTMENT, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                               September 30, 2000


Note 1. BASIS OF PRESENTATION

In the opinion of management,  the accompanying  unaudited  condensed  financial
statements have been prepared in accordance with generally  accepted  accounting
principles for interim  financial  information and with the instructions to Form
10-QSB.  Accordingly,  they do not include all of the  information and footnotes
required by generally  accepted  accounting  principles  for complete  financial
statements. In the opinion of management,  all adjustments (consisting of normal
recurring  accruals)  considered  necessary  for  a  fair  presentation  of  the
Company's  financial  position as of  September  30, 2000 and the results of its
operations  and cash flows for the periods  ended  September  30, 2000 and 1999.
Operating  results  for  the  nine  months  ended  September  30,  2000  are not
necessarily  indicative  of the results  that may be expected for the year ended
December 31, 2000.


These  condensed  financial  statements  should be read in conjunction  with the
financial  statements  and notes thereto  contained in the Company's Form 10-KSB
for the year ended December 31, 1999


ITEM 2. PLAN OF OPERATION

For the near term,  the  Company  continues  to seek merger  and/or  acquisition
candidates.  It has  had  no  operations  since  inception  and  is  financially
dependent  on its  shareholders,  who  have  financed  its  existence  to  date.
Management  of the  Company  believes  that its  shareholders  will  continue to
provide the finances the Company requires,  without the need to raise additional
capital.


                                       6
<PAGE>

PART II

Item 1. Legal Proceedings

There are presently no other  material  pending legal  proceedings  to which the
Company or any of its subsidiaries is a party or to which any of its property is
subject and, to the best of its knowledge,  no such actions  against the Company
are contemplated or threatened.

Item 2. Changes In Securities and Use of Proceeds

This Item is not applicable to the Company.

Item 3. Defaults Upon Senior Securities

This Item is not applicable to the Company.

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

This Item is not applicable to the Company.

Item 5. Other Information

This Item is not applicable to the Company.

Item 6. Exhibits and Reports on Form 8-K

(a) Exhibit 27 - Financial Data Schedules

(b) Reports on Form 8-K

No report on Form 8-K was filed by the Company during the six month period ended
September 30, 2000.


SIGNATURES

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

JAGUAR INVESTMENTS, INC.


Date: December 7, 2000                By: /s/ Rodger D.Spainhower,
                                      Secretary/Treasurer





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