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 March 31, 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 
(State or other jurisdiction of 
incorporation or organization) | 87-0449667,(I.R.S. Employer
Identification No.)
|----------------------------------------------------------------------- | -----------------------------------------------

1037 East 3300 South #203, Salt Lake City, Utah 84106
 (Address of principal executive offices)

Registrant's telephone no., including area code:  (801) 467-6715

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

Common Stock, $.001 par value | Outstanding as of March 31, 2000

1,310,000
|------------------------------------ | -------------------------------------------

TABLE OF CONTENTS

|Heading

PART I.  FINANCIAL INFORMATIONItem 1.   Financial Statements . . . . . . . . . . . . . . . . . .Balance Sheets -- March 31, 2000, andDecember 31, 1999. . . . . . . . . . . . . . . . . . .Statements of Operations -- three monthsMarch 31, 2000 and 1999 . . . . . . .Statements of Stockholders' Equity . . . . . . . . . . .Statements of Cash Flows -- three monthsended March 31, 2000 and 1999 . . . . . . .Notes to Financial Statements  . . . . . . . . . . . . .Item 2.   Management's Discussion and Analysis andResults of Operations. . . . . . . . . . . . . . . . . | Page

34568911
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------

|PART II. OTHER INFORMATION

Item 1.   Legal Proceedings. . . . . . . . . . . . . . . . . . . .Item 2.   Changes In Securities and Use of Proceeds. . . . . . . .Item 3.   Defaults Upon Senior Securities. . . . . . . . . . . . .Item 4.   Submission of Matters to a Vote ofSecurities Holders . . . . . . . . . . . . . . . . . .Item 5.   Other Information. . . . . . . . . . . . . . . . . . . .Item 6.   Exhibits and Reports on Form 8-K . . . . . . . . . . . .SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . | 14

141414141415
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------

PART I

Item 1.   Financial Statements

The following unaudited Financial Statements for the period ended March 31, 2000, have been
prepared by the Company.


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

(A Development Stage Company)Balance Sheets

ASSETS

|                     | March 31, 2000,

(Unaudited) | December 31, 1999
|-------------------- | ---------------------------- | -----------------
|CURRENT ASSETS       |                              |                  
|Cash                 | $ 48                         | $ 48             
|Total Current Assets | $ 48                         | $ 48             
|TOTAL ASSETS         | $48                          | $ 48             

LIABILITIES AND STOCKHOLDERS' EQUITY

(DEFICIT) CURRENT LIABILITIES

|Accounts payable                                                                                        | $  500   | $ 500   
|------------------------------------------------------------------------------------------------------- | -------- | --------
|Accounts payable - related party                                                                        | $  300   | $ 300   
|Total Current Liabilities                                                                               | $  800   | $ 800   
|TOTAL LIABILITIES                                                                                       | $  800   | $ 800   
|STOCKHOLDERS' EQUITY (DEFICIT)                                                                          |          |         
|Common stock: 20,000,000 shares
authorized of $0.001 par value, 1,310,000
shares issued and outstanding | 1,310    | 1,310   
|Additional paid-in capital                                                                              | 11,337   | 11,337  
|Deficit accumulated during the development
stage                                                        | (13,399) | (13,399)
|Total Stockholders Equity (Deficit)                                                                     | (752)    | (752)   
|TOTAL LIABILITIES AND
STOCKHOLDERS'

EQUITY (DEFICIT)                                                   | $ 48     | $ 48    

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



| | ForThree Months Ended1999 --- 2000 | FromInception on
October 31,1998 ThroughMarch 31, 2000
| | ---------------------------------- | ------------------------------------------------------

|REVENUES                                      | $ -     | $ -      | $ -     
|--------------------------------------------- | ------- | -------- | --------
|EXPENSES                                      | (275)   | -        | (13,399)
|NET LOSS                                      | (275)   | -        | (13,399)
|BASIC LOSS PER SHARE OF
COMMON STOCK $ (0.01) | $(0.00) | $ (0.00) | $ (0.00)

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

|                                                                               | Common    | Stock   | Additional
Paid-In | DeficitAccumulatedDuring the
|------------------------------------------------------------------------------ | --------- | ------- | ------------------ | ----------------------------
|                                                                               | Shares    | Amount  | Capital            | Development Stage           
|At inception on October 28, 1987                                               | -         | $-      | $-                 | $-                          
|Common stock issued for cash,
 July 29, 1988, $0.003 per share                 | 300,000   | 300     | 300                | -                           
|Common stock issued for cash,
 February 10, 1989, $0.003 per
share             | 420,000   | 420     | 840                | -                           
|Common stock issued to Directors
for services, July 27, 1990, $0.003
per share | 2,000     | 2       | 4                  | -                           
|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)                   

|Balance, December 31, 1998                                           | 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 endedDecember 31, 1999                         | -         | -       | -        | (12,134)  
|Balance, December 31, 1999                                           | 1,310,000 | 1,390   | 2,780    | (13,399)  
|Contributed capital (unaudited)                                      | -         | -       | 8,477    | -         
|Net Loss for the Three months
ended March 31, 2000                   | -         | -       | -        | (0.00)    
|Net loss for the three months ended
March 31, 2000 (unaudited)       | 1,310,000 | $ 1,390 | $ 11,257 | $ (13,399)

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

| | For the Three Months

Ended March | From Inception
October 28, 1987
Through March 31
| | --------------------------------- | ------------------------------------------------

|CASH FLOWS FROM
OPERATING ACTIVITIES                                        | 1999     | 2000 | 2000      
|--------------------------------------------------------------------------- | -------- | ---- | ----------
|Net loss                                                                    | (10,146) | $ -  | $ (13,399)
|Adjustments to reconcile net
loss to net cash used by
operating activities: | 7,500    | -    | 270       
|Contributed capital for expenses                                            |         
|Stock issued for services                                                   |         
|Increase (decrease) in accounts
payable                                     | 199      | -    | 800       
|Net Cash Used by Operating
Activities                                       | (2,447)  | -    | (12,329)  
|CASH FLOWS FROM
INVESTING ACTIVITIES                                        |          |      |           
|CASH FLOWS FROM
FINANCING ACTIVITIES                                        | -        | -    | 8,477     
|Issuance of common stock for cash                                           | -        | -    | 3,900     
|Net Cash Provided by Financing
Activities                                   | -        | -    | 12,377    
|NET INCREASE (DECREASE)
IN CASH                                             | (2,447)  | -    | 48        
|CASH AT BEGINNING OF
PERIOD                                                 | 2,540    |      |           
|CASH AT END OF PERIOD                                                       | 93       | -    | 48        
|CASH PAID FOR:                                                              |          |      |           
|Interest                                                                    | $  -     | $  - | $  -      
|Income taxes                                                                | $  -     | $  - | $  -      
|NON-CASH FINANCING
ACTIVITIES                                               |          |      |           
|Contributed capital for expenses                                            | 7,500    |      |           
|Common stock issued for services                                            | -        | -    | 270       

JAGUAR INVESTMENT, INC.
 (A Development Stage Company)
Notes to the Financial Statements
March 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 or acquisition by 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

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

d. Provision for Taxes

At March 31, 2000, the Company had net operating loss carryforwards of approximately $13,399 that
may be offset against future taxable income through 2014.  No tax benefit has been reported in the
financial statements, because the Company believes there is a 50% or greater chance the carryforwards
will expire unused.  Accordingly, the  potential tax benefits of the loss carryforwards are offset by a
valuation account 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.

f. 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.

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

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 seek a merger with an
existing, operating company.  Until that time,

shareholders of the Company have committed to meeting its minimal operating needs.

Item 2.   Management's Discussion and Analysis or Plan of Operations

The following information should be read in conjunction with the financial statements and notes
thereto appearing elsewhere in this Form 10-QSB.

Jaguar Investments, Inc. (the "Company") is considered a development stage company with minimal
assets or capital and with no significant operations or income since its inception.

It is anticipated that the Company will require only nominal capital to maintain the corporate viability
of the Company and necessary funds will most likely be provided by the Company's

officers and directors in the immediate future.  However, unless the Company is able to facilitate an
acquisition of or merger with an operating business or is able to obtain significant outside

financing, there is substantial doubt about its ability to continue as a going concern.

The costs and expenses associated with the preparation and filing of its registration statement on
Form 10-SB earlier in 1999 have been paid for by an advance from a shareholder of the Company. It
is anticipated that future expenses will be handled in a similar manner.

At March 31, 2000 and December 31, 1999, the Company had total assets consisting of cash of
$48 and $48, respectively. Total liabilities at March 31, 2000 and December 31, 1999 were $800 and
$800, respectively.

The Company has not had any significant revenues since its inception.  For the three months ended
March 31, 2000 the Company's total expenses were $0, In comparison, total expenses were $10,146
for the three months ended March 31, 1999.  The Company's net loss for the three months ended
March 31, 2000 was $0 compared with a net loss of $10,146 three months ended March 31, 1999.

No revenues are anticipated prior to the Company consummating an acquisition or merger
agreement and, during this period of time, the Company anticipates its expenses to be level.

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
related to it business and operations following a successful acquisition or merger.

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.  In its search for
business opportunities, management will follow the procedures outlined in Item 1 above.  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 a successful business consolidation can be made.
Management intends to hold expenses to a minimum and to obtain services on a contingency basis
when possible.  Further, the Company's directors

will defer any compensation until such time as an acquisition or merger can be accomplished and will
strive to have the business opportunity provide their 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.  In the event 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 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 use 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. Management is confident that it will
be able to operate in this manner and to continue its search for business opportunities during

the next twelve months.

Net Operating Loss

The Company has accumulated approximately $13,399 of net operating loss carryforwards as of
March 31, 2000, which may be offset against taxable income and income taxes through 2014.  The use
of these losses to reduce future income taxes will depend on the generation of sufficient taxable income
prior to the expiration of the net operating loss carryforwards.  In the event of certain changes in control
of the Company, there will be an annual limitation on the amount of net operating loss carryforwards
which can be used.  No tax benefit has been reported in the financial

statements for the year ended December 31, 1999 or three month period ended September 30, 1999
because there is a 50% or greater chance that the carryforward will not be used. Accordingly, the
potential tax benefit of the loss carryforward is offset by a valuation allowance of the same amount.

Year 2000

Year 2000 issues may arise if computer programs have been written using two digits (rather than
four) to define the applicable year.  In such case, programs that have time-sensitive logic may recognize
a date using "00" as the year 1900 rather than the year 2000, which could result in miscalculations or
system failures.

Because the Company currently does not have any operations except for its search for viable
business opportunities, it does not own or use any computer equipment.  The Company does not

anticipate doing a full assessment of the potential Year 2000 issue until it has made an acquisition of or
merged with an operating entity.  The Company does not believe that the cost of addressing

the issue will have a material adverse impact on its financial position.  Further, the Company believes
that no third parties with whom it may have a material relationships will be materially

affected by the Year 2000 issues.

Risk Factors and Cautionary Statements

This report contains certain  forward-looking statements.  The Company wishes to advise readers
that actual results may differ substantially from such forward-looking statements. Forward-looking
statements involve risks and uncertainties that could cause actual results to differ material y from those
expressed in or implied by the statements, including, but not limited to, the following: the ability of the
Company search for appropriate business opportunities and subsequently acquire or merge with such
entity, to meet its cash and working capital needs, the ability of the Company to maintain its existence
as a viable entity, and other risks detailed in the Company's periodic report filings with the Securities
and Exchange Commission.

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

three month period ended March 31, 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: April 14, 2000 | By: /s/ Dan Starczewski,

C.E.O., President and DirectorSecretary/Treasurer
|-------------------- | ---------------------------------------------------------------------------