SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

(MARK ONE)

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

                  For the quarterly period ended March 31, 2001

                                       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                  (IRS Employer
       of Incorporation or Organization)            Identification No.)

               7025 E. First Avenue, Suite 5, Scottsdale, AZ 85251
                    (Address of Principal Executive Offices)

        Registrant's Telephone Number. Including Area Code (480) 945-2232

     Check whether the issuer (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
                                      ---     ---

State the number of shares outstanding of each of the issuer's classes of common
equity as of the latest  practicable  date: As of May 5, 2001 the registrant had
______________ shares of Common Stock outstanding.



<PAGE>


                            JAGUAR INVESTMENTS, INC.

                                   FORM 10-QSB
                      For the Quarter Ended March 31, 2001


                                   Index                                   Page
                                                                          Number

PART I     FINANCIAL INFORMATION

Item 1     Balance Sheets at March 31, 2001 and December 31, 2000            3
                  (unaudited for March 31, 2001 period)

           Statements of Operations for the three month periods
                  ended March 31, 2001 and March 31, 2000 (unaudited)        4

           Statements of Stockholders' Equity (Deficit) from inception
                  to March 31, 2001 (unaudited)                              5

           Statements of Cash Flows for the three month periods
                  ended March 31, 2001 and March 31, 2000 (unaudited)        7

           Notes to Unaudited Financial Statements                           8

Item 2     Management's Discussion and Analysis or Plan of Operation        10

PART II

Item 1     Legal Proceedings                                                11
Item 2     Changes in Securities                                            11
Item 3     Defaults Upon Senior Securities                                  11
Item 4     Submission of Matters to a Vote of Security Holders              11
Item 5     Other Information                                                12
Item 6     Exhibits and Reports on Form 8 - K                               12



                                       2
<PAGE>





                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)
                                 Balance Sheets


<TABLE>
<CAPTION>

                                     ASSETS

                                                                                        March 31,       December 31,
                                                                                          2000              2000
                                                                                          ----              ----
                                                                                      (Unaudited)
CURRENT ASSETS

<S>                                                                                   <C>               <C>
     Cash                                                                             $        -        $          -
                                                                                      ------------      ------------
     Total Current Assets                                                             $        -        $          -
                                                                                      ------------      ------------
TOTAL ASSETS                                                                          $        -        $          -
                                                                                      ============      ============


                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES

     Accounts payable                                                                 $      2,912      $        900
                                                                                      ------------      ------------
     Total Current Liabilities                                                        $      2,912      $        900
                                                                                      ------------      ------------
     TOTAL LIABILITIES                                                                $      2,912      $        900
                                                                                      ============      ============


STOCKHOLDERS' EQUITY (DEFICIT)

   Preferred stock, 1,000,000 shares authorized,                                                 -                 -
          no shares issued or outstanding
   Common stock: 100,000,000 shares authorized
    of $0.001 par value, 11,310,000 shares issued
    and outstanding                                                                         11,310            11,310
   Additional paid-in capital                                                               13,537            13,537
   Deficit accumulated during the development stage                                        (27,759)          (25,747)
                                                                                      ------------      ------------

       Total Stockholders Equity (Deficit)                                                 (2,912)              (900)
                                                                                      ------------      ------------

       TOTAL LIABILITIES AND STOCKHOLDERS'
         EQUITY (DEFICIT)                                                             $          -      $          -
                                                                                      ============      ============

</TABLE>

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

                                       3
<PAGE>



                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)
                            Statements of Operations
                                   (Unaudited)


<TABLE>
<CAPTION>


                                           For the Three Months     From Inception on October
                                              Ended March 31,       28, 1987 Through March 31,
                          -------------     -----------------      ---------------------------
                              2001               2000                          2001
                          -------------     -----------------      ---------------------------

<S>                       <C>               <C>                    <C>
REVENUES                  $       -         $            -         $                 -

EXPENSES                      2,012                      -                        27,759
                              2,012
                          -------------     -----------------      ---------------------------

NET LOSS                  $  (2,012)        $            -         $             (27,759)
                          =============     =================      ===========================

BASIC LOSS PER SHARE OF
COMMON STOCK

                          $   (0.00)        $        (0.00)
                          =============     =================

</TABLE>



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


                                       4
<PAGE>



                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)
                  Statements of Stockholders' Equity (Deficit)

<TABLE>
<CAPTION>

                                                                                                       Accumulated
                                                               Common Stock            Additional      During the
                                                          ----------------------        Paid In        Development
                                                           Shares        Amount         Capital          Stage
                                                          ----------    --------       -----------     -----------
<S>                                                        <C>          <C>            <C>             <C>
       At inception on October 28, 1987                           -     $     -        $        -      $        -

       Common stock issued for cash,                         300,000         300               600              -
        July 29, 1988, $0.003 per share

       Common stock issued for cash,                         420,000         420               840              -
        February 10, 1989, $0.003 per share

       Common stock issued to Directors                        2,000           2                 4              -
        for services, July 27, 1990, $0.003
        per share

       Common stock issued for cash,
        March 15, 1991, $0.003 per share                     350,000         350               700              -

       Common stock issued to Directors
        for services, July 26, 1991, $0.003
        per share                                              2,500           2                 5              -

       Common stock issued for cash,
        May 8, 1992, $0.003 per share                        230,000         230               460              -

       Common stock issued for services,
        July 17, 1992, $0.003 per share                        3,500           4                 7              -

       Common stock issued to Directors
        for services, July 16, 1993, $0.003
        per share                                              2,000           2                 4              -

       Net loss for the cumulative period
        October 28, 1987 through
        December 31, 1996                                         -           -                 -           (1,180)
                                                          ----------    --------       -----------     -----------

       Balance, December 31, 1996                          1,310,000       1,310             2,620          (1,180)
       Net loss for the year ended
        December 31, 1997                                         -           -                 -              (85)
                                                          ----------    --------       -----------     -----------

       Balance, December 31, 1997                          1,310,000    $  1,310       $     2,620     $    (1,265)
                                                          ----------    --------       -----------     -----------

</TABLE>


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



                                       5
<PAGE>



                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)
                  Statements of Stockholders' Equity (Deficit)
                                   (Continued)

<TABLE>
<CAPTION>

                                                                                                            Deficit
                                                                                                          Accumulated
                                                          Common Stock                Additional            During the
                                                --------------------------------        Paid-In           Development
                                                   Shares             Amount            Capital              Stage
                                                ------------        ------------     ------------        -------------
<S>                                               <C>                     <C>        <C>                 <C>
     Balance, December 31, 1997                   1,310,000         $     1,310      $     2,620         $      (1,265)

     Common stock issued for services,
     October 23, 1998, $0.003 per share              80,000                  80              160                    -

     Net loss for the year ended
      December 31, 1998                                  -                  -                 -                   (365)
                                                ------------        ------------     ------------        -------------

     Balance, December 31, 1998                   1,390,000               1,390            2,780                (1,630)

     Contributed capital                                 -                  -              8,477                   -

     Cancellation of shares                         (80,000)                (80)              80                   -

     Net loss for the year ended
       December 31, 1999                                 -                  -                 -                (11,769)
                                                ------------        ------------     ------------        -------------

     Balance, December 31, 1999                   1,310,000               1,310           11,337               (13,399)

     Common stock issued for cash,
      December 14, 2000, $0.001 per  share       10,000,000              10,000               -                     -

     Contributed capital                                 -                   -             2,200                    -

     Net loss for the year ended
      December 31, 2000                                  -                   -                -                (12,348)
                                                ------------        ------------     ------------        -------------

     Balance, December 31, 2000                  11,310,000              11,310           13,537              (25,747)

     Net loss for the three months ended
     March 31, 2001 (unaudited)                          -                  -                 -                 (2,012)
                                                ------------        ------------     ------------        -------------

     Balance, March 31, 2001 (unaudited)         11,310,000         $    11,310      $    13,537         $     (27,759)
                                                ============        ============     ============        =============



</TABLE>

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


                                       6
<PAGE>



                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)
                            Statements of Cash Flows
                                   (Unaudited)

<TABLE>
<CAPTION>



                                                                                                            From
                                                                    For the Three Months Ended           Inception on
                                                                             March 31,                    October 28,
                                                                 --------------------------------        1987 Through
                                                                                                          March 31,
                                                                      2001               2000                2001
                                                                 -------------      -------------        ------------

CASH FLOWS FROM OPERATING
 ACTIVITIES

<S>                                                              <C>                <C>                  <C>
     Net loss                                                    $      (2,012)     $           -        $    (27,759)

   Adjustments to reconcile net loss to net cash
     used by operating activities:
          Stock issued for services                                          -                  -                 270

   Changes in operating assets and liabilities:
         Increase (decrease) in accounts payable                         2,012                  -               2,912
                                                                 -------------      -------------        ------------

         Net Cash Used by Operating Activities                               -                  -             (24,577)
                                                                 -------------      -------------        ------------

CASH FLOWS FROM INVESTING
 ACTIVITIES                                                                  -                  -                   -
                                                                 -------------      -------------        ------------

CASH FLOWS FROM FINANCING
 ACTIVITIES

     Contribution of capital by shareholder                                  -                  -              10,677
     Issuance of common stock for cash                                       -                  -              13,900
                                                                 -------------      -------------        ------------

          Net Cash Provided by Financing Activities                          -                  -              24,577
                                                                 -------------      -------------        ------------

NET INCREASE (DECREASE) IN CASH                                              -                  -                   -

CASH AT BEGINNING OF PERIOD                                                  -                 48                   -
                                                                 -------------      -------------        ------------

CASH AT END OF PERIOD                                                        -                 48                   -
                                                                 =============      =============        ============

CASH PAID FOR:

     Interest                                                    $           -      $           -        $          -
     Income taxes                                                $           -      $           -        $          -

NON-CASH FINANCING ACTIVITIES

     Common stock issued for services                            $           -      $           -        $        270

</TABLE>


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

                                       7
<PAGE>




                                       10

                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                      March 31, 2001 and December 31, 2000


NOTE 1 - ORGANIZATION AND HISTORY

          The Company was incorporated on October 28, 1987 under the laws of the
          State of  Nevada.  The  Company  currently  has no  operations  and is
          considered a development  stage company which is seeking a merger with
          or acquisition of an operating company.

     a.   Accounting Method

          The  Company's  financial  statements  are prepared  using the accrual
          method of accounting. The Company has elected a calendar year end.

     b.   Cash and Cash Equivalents

          Cash equivalents  include  short-term,  highly liquid investments with
          maturities of three months or less at the time of acquisition.

     c.   Basic Loss Per Share

                           For the Three Months Ended
                                 March 31, 2001
          --------------------------------------------------------------------
                     Loss               Shares               Per Share
                 (Numerator)        (Denominator)              Amount
                 -----------        -------------          -------------
                 $   (2,012)          11,310,000           $      (0.00)
                 ===========        =============          =============



                           For the Three Months Ended
                                 March 31, 2001
          --------------------------------------------------------------------
                     Loss               Shares               Per Share
                 (Numerator)        (Denominator)              Amount
                 -----------        -------------          -------------
                 $       -            11,310,000           $      (0.00)
                 ===========        =============          =============


          The  computations of basic loss per share of common stock are based on
          the weighted average number of shares outstanding during the period of
          the financial statements.

     d.   Provision for Taxes

          At December 31, 2000, the Company had net operating loss carryforwards
          of  approximately  $25,000 that may be offset  against  future taxable
          income  through  2020.  No  tax  benefits  has  been  reported  in the
          financial  statements,  because the  potential tax benefits of the net
          operating loss carry  forwards are offset by a valuation  allowance of
          the same amount.

     e.   Estimates

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

                                       8
<PAGE>

                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                      March 31, 2001 and December 31, 2000


NOTE 1 - ORGANIZATION AND HISTORY (Continued)

     f.   Revenue Recognition

          The Company currently has no source of revenues.  Revenue  recognition
          policies will be determined when principal operations begin.

     g.   Unaudited Financial Statements

          The accompanying  unaudited  financial  statements  include all of the
          adjustments  which, in the opinion of management,  are necessary for a
          fair presentation. Such adjustments are of a normal recurring nature.

NOTE 2 - GOING CONCERN

          The  Company's  financial  statements  are  prepared  using  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 does not have
          significant  cash  or  other  material  assets,  nor  does  it have an
          established source of revenues sufficient to cover its operating costs
          and to allow it to  continue as a going  concern.  It is the intent of
          the   Company  to  raise   additional   capital   and  seek   business
          opportunities   that  will   generate  a  profit.   Until  that  time,
          shareholders  of the  Company  have  committed  to meeting its minimal
          operating needs.

NOTE 3 - RELATED PARTY TRANSACTIONS

          Contributed Capital

          A prior officer and shareholder  contributed $2,200 and $8,477 as cash
          to the  Company  to pay  its  operating  expenses  in 2000  and  1999,
          respectively.

          Canceled Shares

          Officers of the Company returned 80,000 shares of its common stock for
          cancellation in 1999.


                                       9
<PAGE>




        ITEM 2 MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Results of Operation

     The Company has been inactive since its inception. Accordingly,  management
believes  that  comparison  between  the results of  operations  for the current
period and prior periods would not be meaningful.

Plan of Operation

     During  the  next  12  months,  the  Company  will  actively  seek  out and
investigate possible business  opportunities with the intent to acquire or merge
with one or more business  ventures.  Because the Company lacks funds, it may be
necessary for the Company's  sole director and officers to either  advance funds
to the Company or to accrue  expenses  until such time as a successful  business
consolidation can be effected.  Management intends to hold expenses to a minimum
and to obtain  services on a contingency  basis when  possible.  The Company may
also issue options,  warrants or shares of its common stock to  consultants  who
perform services for the Company pursuant to the Company's recently adopted 2001
Employee  Stock  Compensation  Plan.  Further,  the Company's sole director will
defer any  compensation  until  such  time as an  acquisition  or merger  can be
effected  and  will  strive  to  have  the  business   opportunity  provide  his
remuneration. However, if the Company engages outside advisors or consultants in
its search for business  opportunities,  it may be necessary  for the Company to
attempt to raise  additional  funds. As of the date hereof,  the Company has not
made any  arrangements  or  definitive  agreements  to use  outside  advisors or
consultants or to raise any capital.  If the company does need to raise capital,
most likely the only method  available to the Company  would be the private sale
of its securities.  Because of the nature of the Company as a development  stage
company, it is unlikely that it could make a public sale of its securities or be
able to borrow any  significant  sum from either a commercial or private lender.
There can be no  assurance  that the company  will be able to obtain  additional
funding when and if needed, or that such funding, if available,  can be obtained
on terms acceptable to the Company.

     The  Company  does not  intend  to hire any  employees,  with the  possible
exception of  part-time  clerical  assistance  on an  as-needed  basis.  Outside
advisors or  consultants  will be used only if they can be obtained  for minimal
cost or on a deferred  payment basis or are willing to accept options,  warrants
or shares of the Company's common stock as payment. Management is confident that
it will be able to  operate  in this  manner  and to  continue  its  search  for
business opportunities during the next 12 months.

Liquidity And Capital Resources

     As of March 31, 2001 and May 14,  2001,  the Company had no liquid  assets.
The Company has no commitments  for any capital  expenditure  and foresees none.
However,  the  Company  will incur  routine  fees and  expenses  incident to its
reporting duties as a public company,  and it will incur fees and expenses if it
makes or attempts to make an  acquisition.  The Company  expects no  significant
operating  costs  other  than   professional   fees  payable  to  attorneys  and
accountants.

     The Company does not anticipate  that funding will be necessary in order to
complete a proposed business combination,  except possibly for fees and costs of
the Company's  professional advisers.  Accordingly,  there are no plans to raise
capital to finance any business  combination,  nor does management  believe that
any combination  candidate will expect cash from the Company.  The Company hopes
to require the  candidate  companies to deposit with the Company an advance that
the Company can use to defray  professional  fees and costs and travel,  lodging
and other due diligence costs of management. Otherwise, management would have to
advance such costs out of their own pockets, and there is no assurance that they
will advance such costs.

                                       10
<PAGE>

     Other routine  expenses,  such as making required  filings with the SEC and
related expenses will inevitably be incurred. In order to pay these, the Company
will be forced to borrow money or prevail upon existing  shareholders to provide
additional capital, whether as a loan or investment, to the Company. It is by no
means certain that existing  shareholders will want or be financially able to do
so.  There are no plans to sell  additional  securities  of the Company to raise
capital.  The Company's  failure for any reason to timely file reports  required
under the Securities Exchange Act of 1934, as amended, could subject it to fines
and penalties and make it less desirable to a potential  combination  candidate.
None of these  sources of funds is assured  and, if no funds can be raised,  the
Company may be effectively unable to pursue its business plan.

     The Company's  shareholders and management members who advance money to the
Company to cover operating  expenses will expect to be reimbursed by the company
acquired,  prior to or simultaneously with the completion of a combination.  The
Company has no  intention of  borrowing  money to pay any  officer,  director or
shareholder of the Company or their affiliates.

Forward Looking Statements

     This Form 10-QSB and other  reports  filed by the Company from time to time
with the Securities and Exchange Commission (collectively the "Filings") contain
or may contain  forward looking  statements and information  that are based upon
beliefs of, and information  currently available to, the Company's management as
well as estimates and assumptions made by the Company's management.

     When used in the filings  the words  "anticipate",  "believe",  "estimate",
"expect",  "future",  "intend", "plan" and similar expressions as they relate to
the Company or the Company's  management  identify  forward looking  statements.
Such  statements  reflect the current view of the Company with respect to future
events and are subject to risks,  uncertainties and assumptions  relating to the
Company's  operations and results of operations  and any businesses  that may be
acquired  by the  Company.  Should one or more of these  risks or  uncertainties
materialize,  or should  the  underlying  assumptions  prove  incorrect,  actual
results may differ  significantly from those anticipated,  believed,  estimated,
intended or planned.


                                     PART II
                                OTHER INFORMATION

         Item 1       Legal Proceedings

                      None

         Item 2       Changes in Securities

                      None

         Item 3       Defaults Upon Senior Securities

                      None

         Item 4       Submission of Matters to a Vote of Security Holders

         None


                                       11
<PAGE>



         Item 5       Other Information

                      None


         Item 6       Exhibits and Reports on Form 8-K
                      (a)    Exhibits
                             None

                      (b)    Reports on Form 8-K
                             None


                                   SIGNATURES

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



                                       JAGUAR INVESTMENTS, INC.



Date May 15, 2001                      By: /s/ Ian Rice
                                           -------------------------------------
                                           Ian Rice
                                           President and Chief Executive Officer



                                       12