UNITED STATES
                  SECURITIES EXCHANGE COMMISSION
                      WASHINGTON, D.C. 20549

                           FORM 10-QSB

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[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

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                    BUSINESS PLAN EXCHANGE INC.
      ----------------------------------------------------
     (Exact name of registrant as specified in its charter)

        DELAWARE                           13-4067173
        --------                           ----------
(State or other jurisdiction             (I.R.S. Employer
of incorporation or organization)        Identification No.)

1 ROCKEFELLER PLAZA - SUITE 1600
NEW YORK, NEW YORK                            10020
----------------------------------            -----
(Address of principal executive offices)    (Zip Code)


Registrant's telephone number             (212) 265-4600
                                          --------------


Check here whether the issuer (1) has filed all reports required
to be filed by Sections 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter
period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the
past 90 days.
                      Yes __X____      No_______

As of March 31, 2001, the following shares of the
Registrant's common stock were issued and outstanding:

Voting common stock        3,214,600

Traditional Small Business Disclosure (check one): Yes  X  No 
<PAGE>
<PAGE>

INDEX

PART I - FINANCIAL INFORMATION

Item 1.   Financial Statements . . . . . . . . . . . . . . . . .3
          CONDENSED CONSOLIDATED BALANCE SHEET . . . . . . . . .3
          CONDENSED CONSOLIDATED INCOME STATEMENT. . . . . . . .4
          STATEMENT OF CASH FLOWS. . . . . . . . . . . . . . . .5
          Note 1.   NATURE OF BUSINESS AND SIGNIFICANT
                    ACCOUNTING POLICIES. . . . . . . . . . . . .7
          Note 2.   USE OF OFFICE SPACE. . . . . . . . . . . . .8
          Note 3.   Liquidity. . . . . . . . . . . . . . . . . .8
Item 2.   Management's Discussion And Analysis or Plan of
          Operations. . . . . . . . . . . . . . . . . . . . . .10
PART II - OTHER INFORMATION
Item 1.   Legal Proceedings. . . . . . . . . . . . . . . . . . 13
Item 2.   Changes in Securities. . . . . . . . . . . . . . . . 13
Item 3.   Defaults upon Senior Securities. . . . . . . . . . . 13
Item 4.   Submission of Matters to a Vote of
          Security Holders . . . . . . . . . . . . . . . . . . 13
Item 5.   Other information. . . . . . . . . . . . . . . . . . 13
Item 6.   Exhibits and Reports on Form 8-K . . . . . . . . . . 13
SIGNATURE . . . . . . . . . . . . . . . . . . . . . . . . . . .14

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<PAGE>

PART I - FINANCIAL INFORMATION

Item 1.   Financial Statements

To the Board of Directors of BUSINESS PLAN EXCHANGE, INC.
Wilmington, Delaware

We have reviewed the accompanying balance sheet of Business
Plan Exchange, Inc., (a development stage company) as of March
31, 2001 and the related statements of loss and
accumulated deficit, and cash flows for the three months then
ended, in accordance with Statements on Standards 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 Business
Plan Exchange, Inc.

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 review, 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.

Graf Repetti & Co., LLP
Dated: New York, New York
       June 11, 2001

<PAGE>
<PAGE>
                 BUSINESS PLAN EXCHANGE INC.
                (A Development Stage Company)
              CONDENSED CONSOLIDATED BALANCE SHEET
<TABLE>
                                      As Of            As Of
                                   Mar. 31, 2001   June 30, 2000
                                    (Unaudited)      (Audited)
                                 --------------------------------
<S>                                <C>             <C>
ASSETS
Current Assets
Cash                                 $    0          $    0
Other Current Assets                      0               0
                                   _________         ________
Total Current Assets                 $    0          $    0
Other Assets                              0               0
                                   _________         ________
TOTAL ASSETS                         $    0          $    0
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
Accounts Payable                         $0              $0
Accrued Expenses                      2,600           2,933
                                   _________         ________
Total Current Liabilities             2,600           2,933
Other Liabilities                         0               0
                                   _________         ________
Total Liabilities                     2,600           2,933
Stockholders' Equity
 Common Stock, $.001 par value,
 Authorized 25,000.000 Shares;
 Issued and Outstanding
 1,068,200 Shares as of                               1,068
 June 30, 2000; Outstanding
 3,214,600 Shares as of
 March 31, 2001                       3,215
Additional Paid in Capital          148,035         122,762
Deficit Accumulated During the
Development Stage                  (153,850)       (126,763)
                                   _________        ________
Total Stockholders' Equity           (2,600)        ( 2,933)
TOTAL LIABILITIES AND
 STOCKHOLDERS' EQUITY                $    0          $    0
</TABLE>
The accompanying notes and accountant's report are an integral
part of these financial statements.<PAGE>
                   BUSINESS PLAN EXCHANGE, INC.
                  (A Development Stage Company)
        CONDENSED STATEMENT OF LOSS AND ACCUMULATED DEFICIT
<TABLE>
                    For the 3 Mos Ended    For the 3 Mos Ended
                          March 31              December 31
                     2001         2000       2000         1999
                    ------------------------------------------
<S>                 <C>       <C>           <C>        <C>
TOTAL REVENUES:     $     0   $     0              0   $    0
OPERATING EXPENSES:
 Accounting             750       750            750    1,000
 Legal                2,500     2,500          2,500    2,500
 Rent (Note 2)          900       900            900      900
 Filing Fee              13        14             13       12
 Contributed Svcs -
   Note 5             4,500     4,500          4,500    4,500
 Consultants expense-
   Note 6                 0    65,000              0        0
 Other Start Up Costs     0       195              0      245
 Office Supplies          0         0              0      150

                    ________   _______       ________  ________
NET LOSS            ( 8,662) (74,359)       ( 8,663)  (9,307)

Deficit - Beginning
 of period         (145,188) (35,571)       (126,763)

Deficit - End of
 period            (153,850)(109,930)       (136,525)

                    ________   _______       ________   ________

NET LOSS PER SHARE     (.00)    (.11)          (.00)

Weighted Average
  Number of Shares
  Outstanding      3,214,600 1,046,057     3,211,230

</TABLE>

The accompanying notes and accountant's report are an integral
part of these financial statements.

<PAGE>
<PAGE>

                  BUSINESS PLAN EXCHANGE, INC.
                (A Developmental Stage Company)
              STATEMENT OF CASH FLOWS (unaudited)
<TABLE>
                            For the 3 mos       For the 3 mos
                                Ended               Ended
                                 to                  to
                            Mar. 31, 2001       Mar. 31, 2000

                         ________________________________________
<S>                             <C>                <C>
CASH FLOWS FROM OPERATING
ACTIVITIES:

Net Loss                        $( 8,662)         $(74,359)

Adjustments to Reconcile Net Loss
to Net Cash Used in operating
Activities:
 Capital stock issued for
 contributed services                  0            65,000

 Additional Paid in Capital by
   Contributed Shareholders for:
   Rent                              900               900
   Contributed Services            4,500             4,500
   Legal Services                  2,500             2,500
   Other startup expenses              0                 0
   Payment of accounts payable     1,000             1,000

Changes in Assets and
 Liabilities:

   Decrease in Accrued Expenses                      ( 236)
   Increase in Accrued Expenses     (238)
                                 ________          ________
Total Adjustments                  8,662            73,664

Net Cash Used in
Operating Activities                   0            (  695)

Net Change in Cash                     0            (  695)
Cash at Beginning of Period            0               695

Cash at End of Period             $    0                 0

Supplemental Disclosure of
Cash Flow Information

Cash Paid During the Period for

Interest Expense                       0                 0

Corporate Taxes                   $    0                 0
</TABLE>

The accompanying notes and accountant's report are an integral
part of these financial statements.
<PAGE>
                    BUSINESS PLAN EXCHANGE, INC.
                  (A Developmental Stage Company)
                   NOTES TO FINANCIAL STATEMENTS
                          MARCH 31, 2001
NOTE 1 - NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES

A.  DESCRIPTION OF COMPANY

BUSINESS PLAN EXCHANGE, INC., ("the Company") is a for profit
corporation incorporated under the laws of the State of Delaware
on March 17, 1999.

The Company is a developmental stage company and currently has no
material operations.  The directors have determined that the
Company should become active in seeking potential business
opportunities with the intent to acquire or merge with such
businesses.

B. BASIS OF PRESENTATION: Financial statements are prepared on
the accrual basis of accounting.  Accordingly revenue is
recognized when earned and expenses when incurred.

C. USE OF ESTIMATES: The preparation of financial statements in
conformity with generally accepted accounting principles requires
management to make estimates and assumptions that affect certain
reported amounts and disclosures.  Accordingly, actual results
could differ from these estimates.  Significant estimates in the
financial statements include the assumption that the Company
will continue as a going concern.  See Note 4.


NOTE 2 - USE OF OFFICE SPACE

The Company uses office space for its executive offices.  The
fair market value of the 100 square foot office at One
Rockefeller Plaza, New York, NY is $300.00 per month.  The fair
market value for the office, which the Company receives from one
of its shareholders at no cost, is reflected as an expense with a
corresponding credit to additional paid in capital.


NOTE 3 - NET LOSS PER SHARE

                         For the three months
                                Ended
                             Mar. 31, 2001
                         --------------------
      Net Loss per share       $(0.00)


NOTE 4 - LIQUIDITY

The Company's viability as a going concern is dependent upon
raising additional capital, and ultimately, having net income.
The Company's limited operating history, including its losses and
no revenues, primarily reflect the operations of its early stage.
As a result, the Company had from time of inception to March 31,
2001 no revenue and a net loss from operations of ($153,850).
As of March 31, 2001, the Company had a net shareholders'
deficit of $(2,600).

The company requires additional capital principally to meet its
costs for the implementation of its business plan, for general
and administrative expenses and to fund costs associated with
development of its operations.  It is not anticipated that
the Company will be able to meet its financial obligations
through internal net revenue in the foreseeable future.  The
Company does not have a working capital line of credit with any
financial institution.  Therefore, future sources of liquidity
will be limited to the Company's ability to obtain additional
debt or equity funding.


NOTE 5 - CONTRIBUTED SERVICES

On March 16, 1999 two of the Company's officers, who are also
directors, began rendering services in their capacity as officers
on behalf of the Company at no cost.  No amounts are
attributable to directors' fees.  The fair market value is $1,000
per month for one officer and $500 per month for the other.  The
officers are contributing their services to the Company and do
not expect to be reimbursed for these services in the future.
Therefore, the amounts are not accrued.  Each amount is reflected
as an expense with a corresponding credit to additional paid in
capital.

NOTE 6 - NON-CASH FINANCIAL TRANSACTIONS

Non-cash financing transactions consisting of the cost of
contributed services, legal services, rent, other start-up
expense, payment of accounts payable and the related additional
paid in capital contributed by shareholders have been included in
expenses and additional paid in capital, respectively, in the
accompanying financial statements at a value of $8,900.

<PAGE>
<PAGE>

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

RESULTS OF OPERATIONS

The Company is considered a development stage company and its
principal business purpose is to locate and consummate a merger
or acquisition with a private entity.  Because of the Company's
current status having no assets and no recent operating history,
in the event the Company does successfully acquire or merge with
an operating business opportunity, it is likely that the
Company's present shareholders will experience substantial
dilution and there will be a probable change in control of the
Company.  Substantial dilution would result as the total
outstanding shares of the Company would be combined with that of
any subsequently merged or acquired entity.  The resulting entity
would therefore have a greater amount of shareholders resulting
in dilution to the Company's current shareholders.  Additionally,
there will likely be a change in control of the Company as
current management would not be in a position to actively
participate in an newly merged or acquired company of whose
business plan or operations current management would have little
knowledge of.

After the Company's original business plan ceased, the Company
became a "blank check" company as defined by the Securities and
Exchange Commission.  The SEC defines a blank check company as
one which has no specific business or plan other than to
consummate an acquisition of or merge into another business or
entity.  A number of states have enacted statutes, rules and
regulations limiting the sale of securities of "blank check"
companies in their respective jurisdictions.  Additionally, some
states prohibit the initial offer and sale as well as any
subsequent resale of securities of shell companies to residents
of their states.

In the event the Company acquires or merges with another entity,
the Company will no longer be considered a "blank check" company.
Additionally, shareholders of the Company have not entered into
any "lock-up" letter agreement, which would prevent them from
selling their respective shares of the Company's common stock
until such time as the Company consummates a merger with or
acquisition of another company.

Any targeted alliance or merger candidate will become subject to
the same reporting requirements as the Company upon consummation
of any such business combination.  Thus, in the event that the
Company successfully completes an acquisition or merger with
another operating business, the resulting combined business must
provide audited financial statements for at least the two most
recent fiscal years or, in the event that the combined operating
business has been in business less than two years, audited
financial statements will be required from the period of
inception of the target acquisition or merger candidate.

The selection of a business opportunity in which to participate
is complex and risky.  Additionally, as the Company has only
limited resources, it may be difficult to find favorable
opportunities.  There can be no assurance that the Company will
be able to identify and acquire any business opportunity which
will ultimately prove to be beneficial to the Company and its
shareholders.  The Company will select any potential business
opportunity based on management's business judgment.

Because the Company lacks funds, it may be necessary for the
officers and directors to either advance funds to the Company or
to accrue expenses until such time as the Company begins to
generate sufficient income to cover such expenses.  Management
intends to hold expenses to a minimum and to obtain services on a
contingency basis when possible.  Further, the Company's
directors will forego any compensation until such time as the
Company begins to generate sufficient income to cover such
expenses.   However, if the Company engages outside advisors or
consultants in search for business opportunities, it may be
necessary for the Company to attempt to raise additional funds.
There is 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.

In the opinion of management, inflation has not and will not have
a material effect on the operations of the Company until such
time as the Company successfully completes an acquisition or
merger.  At that time, management will evaluate the possible
effects of inflation on the Company as it relates to its business
and operations following a successful acquisition or merger.
In the event the Company consummates a merger transaction, the
Company believes that there will be a change in control in the
Company.   The Company believes that any merger would include the
new issuance of common stock in the Corporation to a potential
merger candidate followed by a reverse split of the Company's
issued common stock thereby effectively passing control of the
Company to the merged candidate.

The Company will not borrow funds for the purpose of funding
payments to the Company's promoters, management or their
affiliates or associates.  Any funds borrowed by the Company will
be utilized to pay statutory, legal and accountant fees expended
by the Company.


Management does not anticipate actively negotiating or otherwise
consenting to the purchase of any portion of their common stock
as a condition to or in connection with a proposed merger or
acquisition.  In such an instance, all shareholders are to be
treated equally.  This policy is upheld by the inclusion of a
resolution of the Board of Director's of the Company, contained
in the Company's minutes.  In the event management wishes to
actively negotiating or otherwise consenting to the purchase of
any portion of their common stock as a condition to or in
connection with a proposed merger or acquisition, this would need
to be disclosed to the Board of Directors and entered into the
Company's minutes.  The Company's shareholders will be afforded
an opportunity to approve or consent to any particular stock buy-
out transaction or merger.

The Company, to date, has not utilized any notices or
advertisements in its search for business opportunities as the
Company cannot afford to expend monies for such purposes.  The
Company seeks business opportunities through the means of
personal networking and inquiries by current management.
The Company has conducted preliminary discussions with various
entities for the purpose of consummating a business transaction
however no agreement or understanding has been reached between
the Company and such entities.
<PAGE>
<PAGE>

PART II - OTHER INFORMATION

Item 1.   Legal Proceedings

There are currently no pending legal proceedings against the
company.

Item 2.   Changes in Securities

The instruments defining the rights of the holders of any class
of registered securities have not ben modified.

Item 3.   Defaults upon Senior Securities

There has been no default in the payment of principal, interest,
sinking or purchase fund installment.

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

No matter has been submitted to a vote of security holders during
the period covered by this report.

Item 5.   Other information

There is no other information to report which is material to the
company's financial condition not previously reported.

Item 6.   Exhibits and Reports on Form 8-K

There are no exhibits attached and no reports on Form 8-K were
filed during the quarter for which this report is filed.


<PAGE>
<PAGE>
SIGNATURES

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


BUSINESS PLAN EXCHANGE, INC.
(Registrant)
Date: June 11, 2001

/s/ Shane H. Sutton
--------------------------
President