SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-QSB


(Mark One)
     [X] Quarterly  report under Section 13 or 15(d) of the Securities  Exchange
Act of 1934 for the quarterly period ended September 30, 2000.

     [ ] Transition report under Section 13 or 15(d) of the Securities  Exchange
Act of 1934 for the transition period from _________ to _________.



    Commission file number:000-27691
                           ---------


                   GOLDEN OPPORTUNITY DEVELOPMENT CORPORATION
                  --------------------------------------------
        (Exact name of small business issuer as specified in its charter)





                Nevada                                    87-0067813
               --------                                   ----------
   (State or other jurisdiction of                    (I.R.S. Employer
    incorporation or organization)                    Identification No.)





            268 West 400 South, Suite 300, Salt Lake City, Utah 84101
            ---------------------------------------------------------
               (Address of principal executive office)       (Zip Code)


                                 (801) 575-8073
                                 --------------
                           (Issuer's telephone number)


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 registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days.

                                    Yes XX           No
                                        --             ----


The number of outstanding shares of the issuer's common stock,  $0.001 par value
(the only class of voting stock), as of October 18, 2000 was 7,754,230.




<PAGE>




                                TABLE OF CONTENTS

                                     PART I

ITEM 1.  FINANCIAL STATEMENTS..................................................1

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


                                     PART II


ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K......................................6

SIGNATURES.....................................................................7

INDEX TO EXHIBITS..............................................................8











                 [THIS SPACE HAS BEEN INTENTIONALLY LEFT BLANK]


<PAGE>



ITEM 1.           FINANCIAL STATEMENTS

As used herein,  the term  "Company"  refers to Golden  Opportunity  Development
Corporation, a Nevada corporation,  and its subsidiaries and predecessors unless
otherwise indicated. Unaudited, condensed interim financial statements including
a balance sheet for the Company as of the quarter  ended  September 30, 2000 and
statements of operations, and statements of cash flows for the interim period up
to the date of such balance  sheet and the  comparable  period of the  preceding
year are attached hereto as Pages F-1 through F-4 and are incorporated herein by
this reference.










                 [THIS SPACE HAS BEEN LEFT BLANK INTENTIONALLY]













                                        1

<PAGE>




                   Golden Opportunity Development Corporation
                             Condensed Balance Sheet

<TABLE>
<CAPTION>
                                                                           September 30,
                                                                               2000                    December 31,
                                                                            (Unaudited)                    1999
                                                                       ---------------------      ----------------------
<S>                                                                <C>                         <C>
ASSETS
      Current Assets:                                                $                          $
            Cash and cash equivalents                                                  3,114                      10,027
            Deposits                                                                   4,052                       4,052
            Prepaid Expenses                                                           4,333                       4,333
            Rents receivable                                                           1,182                           -
            Other                                                                        616                           -
                                                                       ---------------------      ----------------------
                 Total current assets                                                 13,297                      18,412

      Property and Equipment (net of depreciation)                                 2,508,178                   2,556,526

TOTAL ASSETS                                                         $             2,521,475    $              2,574,938
                                                                       =====================      ======================

LIABILITIES AND STOCK HOLDERS' EQUITY
      Current Liabilities:
            Accounts payable                                         $                19,918    $                 30,126
            Accounts payable-related party                                           422,800                     215,908
            Taxes payable                                                             16,113                           -
            Current portion of Long Term Obligations                                  28,681                      27,098
                                                                       ---------------------      ----------------------
                 Total current liabilities                                           487,512                     273,132

      Long Term Obligations (net of current portion)                               1,782,272                   1,808,938
                                                                       ---------------------      ----------------------
TOTAL LIABILITIES                                                                  2,269,784                   2,082,070

      Stockholders' equity
            Common stock $.001 par value shares,  100,000,000
            shares authorized; 7,754,230 and 217,523 shares issued
            and outstanding on September 30,2000 and December 31, 1999
            respectively.                                                              7,754                         255
            Additional paid in capital                                             1,058,844                   1,041,330
            Retained Earnings (Deficit)                                             (814,907)                   (548,717)
                                                                       ---------------------      ----------------------
                 Total stockholders' equity                                          251,691                     492,868
                                                                       ---------------------      ----------------------

TOTAL LIABILITIES AND EQUITY                                         $             2,521,475    $              2,574,938
                                                                       =====================      ======================
</TABLE>






                        See notes to financial statements

                                       F-1

<PAGE>




                   Golden Opportunity Development Corporation
                  Unaudited Condensed Statements of Operations
<TABLE>
<CAPTION>
                                                       Three Months Ended                        Nine Months Ended
                                                          September 30,                            September 30,
                                                     2000                 1999                2000                 1999
                                                     ----                 ----                ----                 ----
<S>                                           <C>                  <C>                   <C>                  <C>
REVENUE
     Motel Revenue                             $           59,134   $          60,355      $      194,012      $       244,102
     Lease Revenue                                         10,435              27,760              33,440               29,340
                                                 ----------------      --------------      --------------       --------------
          Total Revenue                                    69,569              88,115             227,452              273,442

EXPENSES
     Motel Direct Costs                                   108,624              42,103             332,494              207,264
     Selling, general & administrative                      8,904              91,500              29,401               99,762
     Depreciation                                          12,478              18,066              48,659               41,694
     Interest Expense                                      26,982              18,487              83,089               74,361
                                                 ----------------      --------------      --------------       --------------
           Total Operating Expenses                       156,988             170,156             493,643              423,081
                                                 ----------------      --------------      --------------       --------------

NET LOSS                                       $          (87,419)  $         (82,041)    $      (266,191)     $      (149,639)
                                                 ================      ==============      ==============       ==============
BASIC AND DILUTED LOSS
PER COMMON SHARE                               $            (0.01)  $           (0.04)    $         (0.06)     $         (0.07)
                                                 ----------------      --------------      --------------       --------------
BASIC AND DILUTED
WEIGHTED AVERAGE
SHARES OUTSTANDING                                      7,754,230           2,175,230           4,365,340            2,175,230
</TABLE>








                        See notes to financial statements




                                       F-2

<PAGE>




                   Golden Opportunity Development Corporation
                  Unaudited Condensed Statements of Cash Flows


<TABLE>
<CAPTION>
                                                                                    Nine Months             Nine Months
                                                                                       Ended                   Ended
                                                                                   September 30,           September 30,
                                                                                        2000                    1999
                                                                                 ------------------      ------------------
<S>                                                                          <C>                      <C>
CASH FLOWS FROM OPERATION ACTIVITIES
     Net loss                                                                 $            (266,191)   $           (149,639)
     Adjustments to reconcile net loss to net cash provided (used) by
     operating activities:
          Depreciation and amortization                                                      48,659                  41,694
     Changes in operating assets and liabilities (net of effect from
     acquisitions)
          Deposits                                                                                -                       -
          Other Assets                                                                         (616)                      -
          Accounts receivable trade                                                          (1,182)                      -
          Accounts Payable                                                                  (10,209)                (42,377)
          Accounts Payable-Related Parties                                                  206,891                (116,225)
          Accrued Expenses                                                                   16,113                 (10,638)
                                                                                 ------------------      ------------------
               Total adjustments                                                            259,656                (277,185)
NET CASH PROVIDED (USED) BY OPERATING
ACTIVITIES                                                                                   (6,535)                 (8,100)
                                                                                 ------------------      ------------------

CASH FLOWS PROVIDED BY INVESTING ACTIVITIES
     Purchase of additional building improvements                                              (307)                 (8,100)
                                                                                 ------------------      ------------------

CASH FLOWS FROM FINANCING ACTIVITIES
     Payments on Notes                                                                      (25,082)                (21,552)
     Common stock issued for debt                                                            25,013                 225,046
     Common stock issued for cash                                                                 -                  10,000
     Contributed Capital                                                                          -                  68,640
                                                                                 ------------------      ------------------

NET CASH PROVIDED (USED) BY FINANCING
ACTIVITIES                                                                                      (71)                282,134
                                                                                 ------------------      ------------------

NET INCREASE (DECREASE) IN CASH EQUIVALENTS                                                  (6,913)                 (3,151)

CASH AND CASH EQUIVALENTS AT BEGINNING OF
PERIOD                                                                                       10,027                   6,468
                                                                                 ------------------      ------------------

CASH AND CASH EQUIVALENTS AT END OF PERIOD                                    $               3,114    $              3,317
                                                                                 ==================      ==================

SUPPLEMENTAL DISCLOSURE OF CASH FLOW
INFORMATION
     Cash paid during the period for interest                                 $              83,089    $             74,361
                                                                                 ------------------      ------------------
</TABLE>

                        See notes to financial statements

                                       F-3

<PAGE>





                   Golden Opportunity Development Corporation
                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
                               September 30, 2000



1.  Basis of Presentation

The accompanying  unaudited condensed financial statements have been prepared by
management in accordance with the instructions in Form 10-QSB and, therefore, do
not  include all  information  and  footnotes  required  by  generally  accepted
accounting  principles and should,  therefore,  be read in conjunction  with the
Company's Annual Report to Shareholders on Form 10-KSB for the fiscal year ended
December 31, 1999. These statements do include all normal recurring  adjustments
which the Company believes  necessary for a fair presentation of the statements.
The interim operations results are not necessarily indicative of the results for
the full year ended December 31, 2000.

2.  Related Party Transactions

During the nine months ended  September 30, 2000,  the  Company's  parent and/or
related entities advanced $206,891 to cover operating  deficiencies.  The amount
advanced  during the quarter ended  September 30, 2000,  was $38,000.  The total
amount payable owed to related parties at September 30, 2000 was $422,800.

Effective  July 1, 2000,  in  settlement  for  $25,000 in cash  advanced  to the
Company,  the Company  issued  500,000  (pre- merger)  shares of its  restricted
common stock to the Company's parent, CyberAmerica Corporation.

3.  Redomicile

On  September  17,  2000 by  written  consent  of a  majority  of the  Company's
shareholders,  the Company  merged with a Nevada  corporation  of the same name.
Pursuant to the Plan of Merger,  the  shareholders of the Louisiana  corporation
received  10  shares  in the  Nevada  corporation  for 1 share in the  Louisiana
corporation.  In addition, the Nevada corporations authorized shares consists of
100,000,000  shares of $.001 par value common stock compared to the  Louisiana's
authorized shares which consisted of 10,000,000 shares of $.001 par value common
stock.

3.  Additional footnotes included by reference

Except as indicated in Notes above, there have been no other material changes in
the information  disclosed in the notes to the financial  statements included in
the Company's Annual Report on Form 10-KSB for the year ended December 31, 1999.
Therefore, those footnotes are included herein by reference.




                                       F-4

<PAGE>



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

General

As used  herein  the term  "Company"  refers to Golden  Opportunity  Development
Corporation,  its subsidiaries and  predecessors,  unless the context  indicates
otherwise.  The Company was originally incorporated in Louisiana on May 7, 1997.
The Company was subsequently reincorporated on August 23, 2000 in Nevada.

The Company is  currently  engaged in the business of  operating  and  acquiring
hospitality property.  The Company currently owns a 134 unit motel, a restaurant
facility and four  adjacent  office retail  buildings in Baton Rouge,  Louisiana
(the "Motel").  The Motel is located next to the Mississippi River, three blocks
from a river boat dock, at 427 Lafayette  Street,  Baton Rouge,  Louisiana.  The
Company is also actively seeking to acquire other hospitality properties.


The Motel

The Company  acquired the Motel for a One Million Nine Hundred  Thousand  Dollar
($1,900,000)  note.  Principal  and  interest on the mortgage are payable in 359
monthly  installments  of Eleven Thousand Three Hundred  Ninety-One  Dollars and
Forty-Six Cents  ($11,391.46)  until July 1, 2027, when the remaining  principal
and interest is due in full.
 No other liens or  encumbrances  on the Motel  exist  other than the note.  The
Motel is located in the Parish of East Baton Rouge, State of Louisiana.

The Motel's average  occupancy rate for the quarter ended September 30, 2000 was
approximately 68% of its rentable rooms.  However, the Company expects this rate
to increase once the  renovations  are complete and the Motel becomes a Villager
Lodge.  The current  number of available  rooms is 74. The Motel's low occupancy
rate is due in part to the fact that the Motel is in need of substantial repairs
including repairs to sixty (60) rooms that are not rentable. If these sixty (60)
unrentable  rooms are added into the calculation of the Motel's  occupancy rate,
the  Motel  would  have an  occupancy  rate of only  37% for the  quarter  ended
September 30, 2000. At the time the Company acquired the Motel, approximately 40
rooms were rentable out of a total of 134 rooms.  The  neighborhood in which the
Motel is located was considered  economically  depressed  prior to the Company's
acquisition  of the Motel.  However,  the  neighborhood  over the last couple of
years has been in the process of being  revitalized.  The Company  suspects that
the Motel's  poor  condition  was the result of the Motel's  prior  inability to
generate  sufficient  revenues  to  make  the  necessary  upgrades,  repair  and
improvements  to  properly  maintain  the  property.  The  Company is  currently
searching for financing to fully renovate the Motel, but to date has been unable
to find such financing.

The Company's  current  plans are to renovate the Motel in  compliance  with the
requirements of the Villager Franchise Systems,  Inc. uniform franchise offering
circular.  The Company has retained the services of an architectural firm in its
effort to begin renovations and thereby,  comply with requirements of becoming a
Villager Lodge Extended Stay Living Franchise. In July, 1999, the Company signed
a Franchise Agreement with Villager Lodge.  However, the Franchise Agreement has
since expired  because the Company was unable to make the necessary  renovations
to  the  Motel  in  compliance  with  the  terms  of  the  Franchise  Agreement.
Nonetheless, the Company will be able to revive the Franchise Agreement once the
necessary  financing  is obtained  to make the  renovations  required  under the
Franchise Agreement.

The  Company is  actively  pursuing  financing  which would allow the Company to
begin  operations as a Villager  Lodge.  The Company  expects that the source of
such financing will be bank or institutional financing,  equity offerings and/or
private placements.  In the past, the Company has financed renovations on a room
by room basis with operating cash flows. The Company is no longer renovating any
rooms on a room by room basis because such piece meal  renovations are no longer
economically viable.

The Company  expects that initial costs to renovate the Motel in compliance with
the Villager Lodge  franchise  agreement will be  approximately  $2,000 per room
during the first year of operation as a Villager Lodge.

                                        2

<PAGE>



The Company expects that after the first year of operations as a Villager Lodge,
additional renovations will need to be made at a cost of approximately $2,000 to
$3,000 per room.

The estimated  minimal initial costs to begin  operations as a Villager Lodge is
estimated at $250,000.  The Company  believes  that it will need at a minimum an
additional  $250,000  to fully  complete  the  renovation  requirements  for the
Villager Lodge.  The completion of renovations  and the successful  retention of
the Villager Lodge franchise is expected to  significantly  increase the Motel's
rental revenues. However, there is no guarantee that the Company will obtain the
necessary  financing  to make  the  renovations  required  under  the  Licensing
Agreement  with  Villager  Lodge.  In the event the Company  does not obtain the
necessary financing,  the Company may not be able to operate as a Villager Lodge
franchisee. In the event the Company is unable to comply with the requirement of
the Villager  Lodge  Franchise  Agreement  because of a lack of  financing,  the
Company  will  continue  to  operate  its Motel as the  General  Lafayette  Inn.
Villager  Lodge has agreed to release the Company from any  liability  under the
Franchise Agreement, if the Company is unable to obtain sufficient financing.

Villager Lodge is a national  chain with over ninety (90)  locations  throughout
the country. Villager Lodge has a toll free 800 number for national reservations
and directory assistance for Villager Lodge locations nation wide. Additionally,
Villager Lodge maintains a national advertising campaign and an Internet website
upon which potential  guests can view the Villager Lodge national  directory and
make  reservations  at any Villager  Lodge nation  wide.  Villager  lodge has an
Internet web site located at http://www.villager.com.

Results of Operations

Revenues

Revenues for the three and nine month  periods ended  September  30, 2000,  were
$69,569 and  $227,452  respectively  as compared to $88,115 and $273,442 for the
same  periods in 1999, a decrease of 21% and 17%  respectively.  The decrease in
revenues was  attributable  to the number of daily  renters  decreasing  and the
monthly renters increasing.  The average daily rate for monthly renters is lower
than daily customers.

Losses

Net losses for the three and nine month periods ended  September 30, 2000,  were
$87,419 and  $266,191  respectively  as compared to $82,041 and $149,639 for the
same periods in 1999, an increase in losses of $5,378 and $116,552 respectively.
The  increase in losses is  attributable  to a decrease  in revenues  from daily
renters.

The Company expects to continue to incur losses at least through fiscal 2000 and
there  can  be  no   assurance   that  the  Company  will  achieve  or  maintain
profitability or that revenue growth can be sustained in the future.

Expenses

General  and  administrative  expenses  for three and nine month  periods  ended
September 30, 2000 were $8,904 and $29,401  respectively  as compared to $91,500
and  $99,762 for the same  periods in 1999.  The reason for the  discrepancy  in
general and  administrative  expenses for the three and nine month periods ended
September 30, 2000 and 1999 is primarily  attributable to a reclassification  of
certain general and administrative cost to motel direct costs.

Depreciation  and  amortization  expenses  for the three and nine month  periods
ended September 30, 2000 were $12,478 and $48,659  respectively,  as compared to
$18,066 and $41,694 for the same periods in 1999.

If the Company  obtains a significant  amount of financing,  the Company expects
increases in expenses through 2000 as the Company steps up its effort to acquire
additional  properties  and  works  towards  finalizing  its  efforts  to  begin
operating as a Villager Lodge franchisee.

                                        3

<PAGE>




The Motel's  direct  operating  costs for the three and nine month periods ended
September  30,  2000 were  $108,624  and  $332,494  respectively  as compared to
$42,103  and   $207,264.   This   increase  is  primarily   attributable   to  a
reclassification  of certain  expense from general and  administrative  to motel
direct operating cost and expenses relating to needed repairs.

Liquidity and Capital Resources

The Company has  expended  significant  resources  on  renovating  the Motel and
maintenance  because of the age and poor condition of the facility.  The Company
anticipates  spending substantial amounts of capital in an effort to comply with
the requirement of becoming a Villager Lodge franchise.

Net Cash flow  provided by  operations  were  $259,656 for the nine months ended
September 30, 2000, compared to cash flow used by operations of $277,185 for the
nine months ended  September  30, 1999.  The increase in cash flows  provided in
operating  activities for the nine months ended  September 30, 2000 is primarily
attributable to the increase in accounts payable to related parties.

Cash flow used by  investing  activities  were  $307 for the nine  months  ended
September  30,  2000,  compared to cash flow used by investing  activities  of $
8,100 for the nine months ended  September 30, 1999. This decrease in cash flows
used by investing  activities  for the nine months ended  September  30, 2000 is
primarily  attributable to not performing  capital  expenditures  due to limited
funding.

Cash  flow  used in  financing  activities  was $71 for the  nine  months  ended
September  30,  2000,  compared  to cash flows  provided of $15,475 for the nine
months ended September 30, 1999. The Company's cash flow provided from financing
activities  decreased due to the fact that the Company retired more debt for the
nine month period ended September 30, 1999.

The Company has funded its cash needs from inception  through September 30, 2000
with  revenues  generated  from its  operations  and  advances  from its  Parent
Company.  In  addition,  the Company may issue  additional  shares of its common
stock pursuant to a private  placement or registered  offering,  if necessary to
raise additional capital or pay various expenses.

Capital Expenditures

The  Company  made $307 and  $8,100  in  capital  expenditures  on  property  or
equipment for the nine months ended September 30, 2000 and 1999, respectively.

The Company has a working capital deficiency at September 30, 2000 in the amount
of $474,215. However, $422,800 of this working capital deficiency is owed to the
Company's  parent.  The Company intends to fund the Motel's  operations over the
course  of the next  year with  long  term  bank  financing,  increasing  rental
revenues from increased occupancy rates and/or equity financing in the form of a
private placement offering.

The Company expects to spend up to $1,000,000 or more in capital improvements on
renovations  to the Motel if the  Company  obtains  financing  for a Days Inn or
other avenues,  compared to $500,000 for the Villager Lodge. Anticipated capital
expenditures will depend upon financing that is being sought for renovations. It
is anticipated that the cost to make the initial renovations in each room of the
Motel will be approximately  $2,000 or $250,000 total. These initial renovations
will include new paint,  new  carpeting,  new door locks and  replacing  certain
fixtures.  The Company anticipates spending a minimum of an additional $2,000 to
$3,000 per room after the initial  renovations  are made on new  furnishings and
updating the exterior of the  building.  The Company  anticipates  the source of
these expenditures to come from equity offerings,  bank financing, or loans from
insiders and control  persons of the  Company.  In the event that the Company is
unable to obtain the necessary amount of capital,  the Company may choose not to
operate  as a  Villager  Lodge and may  operate as an  independent  motel  until
financing is obtained.

                                        4

<PAGE>



Income Tax Expense (Benefit)

The Company has an income tax benefit  resulting  from net  operating  losses to
offset future operating profit.

Impact of Inflation

The Company  believes that  inflation has had a negligible  effect on operations
over the past three years. The Company believes that it can offset  inflationary
increases in the cost of materials and labor by  increasing  sales and improving
operating efficiencies.

Known Trends, Events, or Uncertainties

Lodging Industry  Operating Risks. The Company is subject to all operating risks
common to the lodging  industry.  These risks include,  among other things,  (i)
competition  for guests from other  motels,  a number of which may have  greater
marketing and financial resources than the Company,  (ii) increases in operating
costs due to inflation  and other  factors,  which  increases  may not have been
offset in recent years,  and may not be offset in the future,  by increased room
rates, (iii) dependance on business and commercial travelers and tourism,  which
business may fluctuate and be seasonal,  (iv) increase in energy costs and other
expenses of travel which may deter travelers, and (v) adverse effects of general
and local economic and weather conditions.

Capital  Requirements and Availability of Financing.  The Company's  business is
capital  intensive,  and it will have  significant  capital  requirements in the
future.  The Company's  leverage could affect its ability to obtain financing in
the future to  undertake  remodeling  or  refinancings  on terms and  subject to
conditions  deemed  acceptable  to the Company.  In the event that the Company's
cash  flow  and  working  capital  are  not  sufficient  to fund  the  Company's
expenditures  or to service  its  indebtedness,  it would be  required  to raise
additional  funds  through  the  sale  of  additional  equity  securities,   the
refinancing of all or part of its indebtedness or the sale of assets.  There can
be no  assurances  that any of these  sources of funds would be  available in an
amount sufficient for the Company to meet its obligations. Moreover, even if the
Company were able to meet its obligations, its leveraged capital structure could
significantly  limit its  ability to finance  its  remodeling  program and other
capital  expenditures to compete  effectively or to operate  successfully  under
adverse economic conditions.  Additionally, financial and operating restrictions
contained in the Company's existing indebtedness may limit the Company's ability
to secure  additional  financing,  and may prevent the Company from  engaging in
transactions that might otherwise be beneficial to the Company and to holders of
the Company's  common stock.  The Company's  ability to satisfy its  obligations
will  also be  dependant  upon  its  future  performance,  which is  subject  to
prevailing economic conditions and financial,  business and other factors beyond
the Company's control.

General Real Estate Investment  Risks. The Company's  investments are subject to
varying  degrees of risk  generally  incident to the ownership of real property.
Real  estate  values and income from the  Company's  current  properties  may be
adversely  affected  by changes in  national or local  economic  conditions  and
neighborhood characteristics, changes in interest rates and in the availability,
cost and terms of mortgage funds, the impact of present or future  environmental
legislation and compliance with environmental laws, the ongoing need for capital
improvements,  changes in governmental rules and fiscal policies,  civil unrest,
acts of God, including  earthquakes and other natural disasters which may result
in  uninsured  losses),  acts of war,  adverse  changes in zoning laws and other
factors which are beyond the control of the Company.

Value and  Illiquidity of Real Estate.  Real estate  investments  are relatively
illiquid.  The  ability of the  Company  to vary its  ownership  of real  estate
property in response to changes in economic and other conditions is limited.  If
the Company must sell an investment,  there can be no assurance that the Company
will be able to  dispose  of it in the time  period it desires or that the sales
price of any investment will recoup the amount of the Company's investment.



                                        5

<PAGE>



Property Taxes.  The Company's  property is subject to real property taxes.  The
real  property  taxes on this  property may increase or decrease as property tax
rates  change  and  as  the  property  is  assessed  or   reassessed  by  taxing
authorities.  If property  taxes  increase,  the Company's  operations  could be
adversely affected.

Risks of  Remodeling  /  Expansion  Strategy.  The  Company  intends to pursue a
strategy of growth  through the remodeling of the Motel and may pursue a similar
strategy in acquiring  future  properties.  There can be no  assurance  that the
Company will obtain adequate  financing for the renovations nor can there be any
assurance that  renovations  undertaken by the Company will be  profitable.  The
construction of renovations  that are not profitable  could adversely affect the
Company's  profitability.  The  Company  may in the  future  require  additional
financing in order to continue its renovation plans.  There is no assurance that
such  additional  financing,  if  any,  will  be  available  to the  Company  on
acceptable terms.

Investment in Single Industry/Property. The Company is subject to risks inherent
in  investments  in a single  industry/property.  The  effects on the  Company's
revenues  resulting  from a  downturn  in the  lodging  industry  would  be more
pronounced than if the Company had  diversified  its investments  outside of the
lodging industry.

                                     PART II


ITEM 4.           SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

The  Company by written  consent of a majority of the  shareholders  changed its
state of  incorporation  from  Louisiana  to  Nevada.  The  reincorporation  was
accomplished  through a Plan of Merger whereby the shareholders of the Louisiana
corporation  exchanged 1 share in the Louisiana corporation for 10 shares in the
Nevada corporation of the same name. The surviving Nevada entity has 100,000,000
shares  authorized  of its $.001 par value common stock  compared to  10,000,000
authorized $.001 par value shares of common stock in the now dissolved Louisiana
corporation.  The Plan of Merger became effective September 17, 2000. No proxies
were solicited.

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits.  Exhibits  required to be attached by Item 601 of Regulation  S-B
     are listed in the Index to Exhibits on page 10 of this Form 10-QSB, and are
     incorporated herein by this reference.

(b)  Reports on Form 8-K. No reports were filed on Form 8-K during the quarter.
















                 [THIS SPACE HAS BEEN LEFT BLANK INTENTIONALLY]



                                        6

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                                   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, this 23rd day of October, 2000.




Golden Opportunity Development Corporation


By: /s/  Richard D. Surber                       October 23, 2000
   --------------------------------------
     Richard D. Surber
Its:   President, Chief Executive Officer and
        Director


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                                INDEX TO EXHIBITS


Exhibit
No.      Page No.   Description
-------  --------   -----------

2(i)     *          Articles of  Incorporation of the Company dated May 7, 1997.
                    (Incorporated  by reference to the Company's  Form 10-SB/A-2
                    filed on May 2, 2000).

2(ii)    *          Amended Articles of Incorporation of the Company dated April
                    26, 1999.  (Incorporated  by  reference  to  Company's  Form
                    10-SB/2 filed on May 2, 2000).

2(iii)   *          Articles of  Incorporation  of the Company  dated August 23,
                    2000  (Incorporated  by reference to the Company's  Schedule
                    14C filed on August 24, 2000).

2(iv)    *          Articles  of  Merger  of  Golden   Opportunity   Development
                    Corporation,  a Louisiana corporation and Golden Opportunity
                    Development Corporation,  a Nevada corporation dated October
                    5,  2000.   (Incorporated  by  reference  to  the  Company's
                    Schedule 14C filed on August 24, 2000).

2(v)     *          By-laws of the  Company.  (Incorporated  by reference to the
                    the Company's Form 10-SB/A-2 filed on May 2, 2000).

27       9          Financial Data Schedule "CE".

Material Contracts

Exhibit
No.      Page No.   Description
-------  --------   -----------

6(i)     *          Management  Agreement  between the  Company and  Diversified
                    Holdings,  I, Inc.  dated April 30, 1999.  (Incorporated  by
                    reference to the Company's  Form  10-SB/A-2  filed on May 2,
                    2000).

6(ii)    *          Franchise   Agreement   between  the  Company  and  Villager
                    Franchise  Systems,  Inc.  (Incorporated by reference to the
                    Company's Form 10-SB/A-2 filed on May 2, 2000).

                                        8

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