U.S. Securities and Exchange Commission
                             Washington, D.C. 20549


Form 10-QSB

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

          For the quarter ended March 31, 2000


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

          For the transition period from          to

Commission File No.


VANADIUM INTERNATIONAL, INC
--------------------------------------------------------------------------------
(Name of Small Business Issuer in its Charter)

          NEVADA                                            88-0402908
     ---------------                                   --------------------
(State or Other Jurisdiction of                       (I.R.S. Employer I.D. No.)
 incorporation or organization)


                                   5466 Canvasback Rd
                                    Blaine, WA 98230
                              -----------------------------
                        (Address of Principle Executive Offices)

                      Issuer's Telephone Number:  (604) 683-6648

Check whether the Issuer (1) filed all reports required to be filed by section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the Company was required to file such reports). And (2) has been
subject to such filing requirements for the past 90 days.
          (1) Yes   X       No          (2)  Yes  X       No
                   ----        ----              ----        ----



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                      (APPLICABLE ONLY TO CORPORATE ISSUERS)

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

                      March 31, 2000:  Common Stock - 20,901,000

                        DOCUMENTS INCORPORATED BY REFERENCE

A description of any "Documents Incorporated by Reference" is contained in Item
6 of this report.

Transitional Small Business Issuer Format    Yes           No    X
                                                 -----          -----



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                               VANADIUM INTERNATIONAL, INC.
                                      TABLE OF CONTENTS

PART I.     FINANCIAL INFORMATION                                           PAGE

Item 1.  Financial Statements:

Balance Sheets as of March 31, 2000 and
December 31, 1999                                                             6

Statements of Operations for the three months ended
March 31, 2000 and March 31, 1999 and from Inception through
March 31, 2000                                                                7

Statements of Cash Flow for the three months ended
March 31, 2000 and March 31, 1999 and from Inception through
March 31, 2000                                                                8

Notes to Financial Statements for the three months ended
March 31, 2000 and March 31, 1999 and from Inception through
March 31, 2000                                                                10

Item 2.  Management's Plan of Operations                                      11

PART II.     OTHER INFORMATION

Item 1.  Legal Proceedings                                                    11

Item 2.  Changes in Securities                                                11

Item 3.  Defaults upon Senior Securities                                      12

Item 4.  Submission of Matters to a Vote of Securities Holders                12

Item 5.  Other Information                                                    12

Item 6.  Exhibits and Reports on Form 8 - K                                   12

Signatures                                                                    12



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PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

The Financial Statements of the Company required to be filed with this 10-QSB
Quarterly Report were prepared by management and commence on the following page,
together with related Notes.  In the opinion of management, these Financial
Statements fairly present the financial condition of the Company, but should be
read in conjunction with the Financial Statements of the Company for the year
ended December 31, 1999 previously filed with the Securities and Exchange
Commission.


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                          VANADIUM INTERNATIONAL, INC.
                         (FORMERLY U.S. VANADIUM CORP.)
                          (A DEVELOPMENT STAGE COMPANY)
                                  BALANCE SHEET

March 31, 2000 and                    ASSETS
   December 31, 1999
CURRENT ASSETS                                    Mar 31,2000       Dec 31,1999
     CASH                                         $       519       $        90
     PREPAID EXPENSES                                    -                 -
                                                   ----------        ----------
    TOTAL CURRENT ASSETS                          $       519       $        90

MINERAL ACQUISITIONS
    MINERAL PROPERTY                              $   100,000       $   100,000
    DEFERRED EXPLORATION                                 -
                                                   ----------        ----------
    TOTAL ASSETS                                  $   100,519       $   100,090
                                                   ----------        ----------

                         LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
    ACCOUNTS PAYABLE                              $    19,454       $    40,099
    DUE TO RELATED PARTIES                             22,000            42,885
    OTHER LIABILITIES                                   3,772
    SHAREHOLDER LOANS                                    -                 -
                                                   ----------        ----------
    TOTAL CURRENT LIABILITIES                     $    45,226       $    82,984
                                                   ----------        ----------

NOTES PAYABLE                                            -                 -
                                                   ----------        ----------
    TOTAL LIABILITIES                             $    45,226       $    82,984
                                                   ----------        ----------

STOCKHOLDERS' EQUITY (DEFICIENCY)

SHARE CAPITAL - NOTE 2

AUTHORIZED:
  80,000,000 common shares, $0.01 par value
  20,000,000 preferred shares, $0.01 par value
  ISSUED:
    20,901,000 common shares                      $    23,610       $    23,610

    CONTRIBUTED SURPLUS                               175,890           125,890
    DEFICIT ACCUMULATED DURING THE
     DEVELOPMENT STAGE                               (144,207)         (132,394)
                                                   ----------        ----------

    TOTAL STOCKHOLDERS' EQUITY (DEFICIT)               55,293            17,106
                                                   ----------        ----------

    TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   $    100,519       $   100,090
                                                   ----------        ----------

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS

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                          VANADIUM INTERNATIONAL, INC.

                         (FORMERLY U.S. VANADIUM CORP.)
                          (A DEVELOPMENT STAGE COMPANY)

                             STATEMENT OF OPERATIONS

FOR THE THREE MONTHS PERIODS ENDED MARCH 31, 2000 AND MARCH 31, 1999 AND FOR THE
PERIOD AUGUST 24, 1998 (INCEPTION) THROUGH MARCH 31, 2000

                                  UNAUDITED

                                                                  AUGUST 24 1998
                       THREE MONTHS        THREE MONTHS           (DATE OF
                       ENDED Mar 31        ENDED Mar 31           INCEPTION TO
                           2000               1999                Mar 31, 2000)

SALES                          -                    -                     -
COST OF SALES                  -                    -                     -
                       ------------        -------------          --------------

GROSS PROFIT                   -                    -                     -

OPERATING EXPENSES    $      11,813       $       21,111         $       88,046
EXPLORATION & DEV              -                   1,112                 18,944
                       ------------        -------------          --------------

NET (LOSS)            $     (11,813)      $      (22,223)        $     (106,990)

BASIC AND DILUTED
  LOSS PER SHARE      $       (0.01)      $        (0.01)        $       (0.004)

     THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS

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                          VANADIUM INTERNATIONAL, INC.

                         (FORMERLY U.S. VANADIUM CORP.)
                          (A DEVELOPMENT STAGE COMPANY)

                            STATEMENTS OF CASH FLOWS
FOR THE THREE MONTHS PERIODS ENDED MARCH 31, 2000 AND MARCH 31, 1999 AND FOR THE
PERIOD AUGUST 24, 1998 (INCEPTION) THROUGH MARCH 31, 2000

                                  UNAUDITED

                                                                  AUGUST 24 1998
                       THREE MONTHS        THREE MONTHS           (DATE OF
                       ENDED Mar 31        ENDED Mar 31           INCEPTION TO
                           2000               1999                Mar 31, 2000)

CASH FLOWS FROM
OPERATING
ACTIVITIES

NET (LOSS)            $     (11,813)      $      (21,111)        $     (144,207)
  ADD:  ITEMS NOT
  AFFECTING CASH

SHARES ISSUED FOR
EXPLOR. & DEV.        $        -                    -                    10,000
                       ------------        -------------          -------------
                      $     (11,813)      $      (21,111)        $     (134,207)

CHANGES IN NON-CASH
ITEMS
DUE TO RELATED
  PARTIES             $     (20,885)              12,504                 22,000
ACCOUNTS PAYABLE      $     (20,645)              (6,019)                19,454
OTHER LIABILITIES     $       3,772                3,772                  3,772
ACCOUNTS RECEIVABLE            -                  (4,000)                  -
                       ------------        -------------          -------------

NET CASH (USED) BY
OPERATING ACTIVITIES  $      49,571       $        6,257         $       45,226
                       ------------        -------------          -------------



CASH FLOW FROM
INVESTING ACTIVITIES
ACQUISITION OF
 MINERAL PROPERTY     $        -          $         -            $      (50,000)
 MINERAL PROPERTY
 EXPLORATION          $                   $       (1,112)        $         -
                       ------------        -------------          -------------

NET CASH (USED) BY
INVESTMENT ACTIVITIES $        -          $       (1,112)               (50,000)
                       ------------        -------------          -------------

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CASH FLOWS FROM
FINANCING ACTIVITIES
PROCEEDS FROM
COMMON SHARES         $        -          $          -           $       89,500

PRIVATE PLACEMENT     $      50,000       $          -           $       50,000
                       ------------        -------------          -------------

NET CASH PROVIDED BY
FINANCING ACTIVITIES  $      50,000       $         9,000        $      139,500
                       ------------        -------------          -------------

NET INCREASE(DECREASE)
IN CASH               $         429       $        (6,966)       $          519

CASH AT BEGINNING
OF PERIOD             $          90       $        17,455                   -
                       ------------        -------------          -------------

CASH AT END
OF PERIOD             $         519       $        10,489        $          519
                       ------------        -------------          -------------




THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS

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                           VANADIUM INTERNATIONAL, INC.
                         (FORMERLY U.S. VANADIUM CORP.)
                          (A DEVELOPMENT STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE THREE MONTHS PERIODS ENDED MARCH 31,
2000 AND MARCH 31, 1999 AND FOR THE PERIOD AUGUST 24, 1998 (INCEPTION) THROUGH
MARCH 31, 2000.

1.  BASIS OF PRESENTATION

In the opinion of management, the unaudited financial statements reflect all
normally recurring adjustments necessary to fairly present the Company's
financial position and results of operations for the periods indicated. The
accompanying interim financial statements should be read in conjunction with the
financial statements and related notes included in the Company's 10-KSB for the
period ended December 31, 1999, which has been filed with the Securities and
Exchange Commission. Certain information and footnote disclosures normally
included in the Company's annual financial statements have been omitted from the
quarterly financial statements based upon Securities and Exchange Commissions
rules and regulations. Net loss per common and common equivalent share was
computed based on the net loss divided by the weighted average number of common
and common equivalent shares outstanding, unless antidilutive, during the year
presented.

2.  FINANCING

                                                Common          Additional
                                                Shares          Paid-in
                                      #         Par Value       Capital
                                   -------      ---------       -------
Balance, December 31, 1999        20,901,000    $   23,610       $  125,890

-Private Placement at @$1.25
  per share                                                          50,000
                                  ----------     ---------        ---------

Balance, March 31, 2000           20,901,000    $   23,610       $  175,890
                                  ==========     =========        =========

The capital raised was used to fund operations. The Company anticipates needing
additional capital to fund operations during the upcoming year. The Company
intends to raise additional funds through private financings, or joint ventures
to permit further property exploration and development of various properties,
and to move one of its properties into the development and production stages
within the next two years. On March 15, 2000 the company executed a subscription
agreement in reliance upon the exemption from the registration requirements
under the Securities Act of 1933, as amended ("1933 Act"), afforded by
Regulation S, as promulgated by the Securities and Exchange Commission  under
the Act.  The agreement is for the sale of  80,000 shares of common stock of the
company and 80,000 common stock purchase warrants at a price of $1.25 per share
and per warrant share exercisable at any time until the expiration of the
warrants on the one-year anniversary of this agreement. As of March 31, 2000 the
company acknowledges receipt of $50,000 in subscription funds. The buyer agrees
to pay the balance of $50,000 on or before April 30, 2000.


3.  RELATED PARTY TRANSACTIONS

     The Company was charged the following management fees and exploration and
development expenses by two director of the company since inception:

            Management Fees                         $68,000
            Exploration and development expenses     16,819
                                                     ------
                                                    $84,819

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     Due to related parties as at March 31, 2000 includes $22,000 for unpaid
management fees and $0 for unpaid exploration and development costs. This amount
is due to one director of the company.

4.  DESCRIPTION OF SECURITIES

     The authorized capital of the Company consists of 80,000,000 shares of
Common Stock, par value $.01, of which 20,901,000 are outstanding.  The material
terms of the securities are as follows:

     All of the authorized common shares of the Company are of the same class
and, once issued, rank equally as to dividends, voting powers and participation
in assets. Holders of common shares are entitled to one vote for each share held
of record on all matters to be acted upon by the shareholders. Holders of common
shares are entitled to receive such dividends as may be declared from time to
time by the Board of Directors, in its discretion, out of funds legally
available therefrom.  No shares have been issued subject to call or assessment.
There are no preemptive or conversion rights and no provisions for redemption or
purchase for cancellation, surrender, or sinking or purchase funds, nor any
cumulative voting rights. The Directors of the Company may from time to time
declare and authorize payment of dividends, as they deem advisable.  Subject to
the rights of members, all dividends on shares shall be declared and paid
according to the number of shares held.  No dividends have been declared since
incorporation.  The outstanding shares are fully paid and non-assessable.

     A class of preferred stock has been authorized with a par value of $0.01.
No shares of preferred stock have been authorized for issuance by the Board of
Directors as of the date of this statement.  The rights, privileges and
preferences of any series of preferred stock shall be determined by the Board of
Directors at the time of issuance.

There is no provision in the Company's Articles of Incorporation, as amended, or
Bylaws that would delay, defer, or prevent a change in control of the Company.

Item 2.  Management's Plan of Operations

     The Company is in its initial stages of exploration with no revenues or
income and is subject to all the risks inherent in the creation of a new
business.  The Company has not yet had revenues from operations. Accordingly,
the following information centers upon the Company's plan of operation.

          The Company owns the mineral rights and surface rights to three
properties on which it believes are located commercially mineable vanadium
deposits.  The three properties are referred to as the Gibellini, Bisoni, and
Bisoni-McKay properties.  The Company believes, based on a Pre-Feasibility
Report and Pro Forma Cash Flow Study for the Gibellini, Bisoni, Bisoni-McKay
Vanadium Deposits in Eureka and Nye Counties, Nevada for the Company by Jules
Pierre LaPrairie, P.E., that the three properties contain approximately 19 to 21
million tons of 0.42% vanadium pentoxide hosted within Devonian black shale
facies.

     To date, $23,719 has been spent by the company on exploration and
development expenses, including title research, claim staking and filing fees
with the State of Nevada and Counties, annual rental payments to the Bureau of
Land Management ($100 per claim), travel expenses for site visits to the
property, library research and acquisition of reports, data and investigations
from previous owners of the project.

     The Company intends to continue with exploration and development of its
properties; although, the Company's focus for the next two years will be to have
one of its properties move into the production stage.  Additional exploration
and development will occur on the first property to be exploited and on other
Company properties.

Liquidity

     To date the Company's activities have been financed primarily through the
sale of equity securities.  No assurance can be given that the proceeds of the
private offering of the Company's securities or any other source of funding
described above will provide sufficient funds to undertake all of the Company's
planned project expansion for the next twelve months.  It is anticipated that
significant additional funds will be required to complete the development of any
commercially viable project.  There can be no assurance that the Company will be
able to obtain such additional financing, and whether the terms of such
financing would be favorable to the Company.  Failure to obtain such financing
could be detrimental to the success of the project. No contracts or commitments
have been entered into at this time.

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PART II - OTHER INFORMATION

     Item 1.  Legal Proceedings.

              During the quarter the company negotiated a reduction in the
              balance owing for legal fees which was reflected in a reduction in
              expenses during the period.

     Item.2.  Changes in Securities and Use of Proceeds.

              During the first quarter of 2000, the Company did not issue any
              securities.

     Item 3.  Defaults Upon Senior Securities.

              None; not applicable.

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

              None; not applicable.

     Item 5.  Other Information.

              None; not applicable.

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

              (a)     Exhibits.
                       None.

              (b)     Reports on Form 8-K.
                       None

SIGNATURES

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


                                                VANADIUM INTERNATIONAL INC


Date:     5/09/00                               By: /s/ Kenneth B. Liebscher
                                                President and Director



Date:     5/09/00                               By: /s/ Dennis LaPrairie
                                                Secretary/Treasurer and Director

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