**U.S. 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 quarterly period ended September 30, 2001

[    ]     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 000-25809

**SICLONE INDUSTRIES, INC.**

(Exact name of small business issuer as specified in its charter)

|**Nevada**

(State or other jurisdiction of incorporation or organization) | **87-0429748**

(IRS Employer Identification No.)
|-------------------------------------------------------------------------- | -------------------------------------------------

**6269 Jamestown Court, Salt Lake City,  Utah  84121**

(Address of principal executive offices)

801-566-6627

(Issuer's telephone number)

Not Applicable

(Former name, address and fiscal year, if changed since last report)

Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the
preceding 12 months (or for such shorter period that the issuer 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 ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE
YEARS:

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13, or 15(d) of the
Exchange Act subsequent to the distribution of securities under a plan confirmed by a court. Yes [  ]  No  [  ]

APPLICABLE ONLY TO CORPORATE ISSUERS:

State the number of shares outstanding of each of the issuer's classes of common equity, as of September 30, 2001: 23,810,000
shares of common stock.

Transitional Small Business Format:  Yes [   ]  No [ X ]

FORM 10-QSB

SICLONE INDUSTRIES, INC.

INDEX

| | Page
| | ----

|PART I. Financial Information | 
|----------------------------- | 

|Item I.  Financial Statements (unaudited) 

Condensed Balance Sheets - September 30, 2001 (unaudited) and December 31,
2000

Condensed Statements of Operations (unaudited) for the Nine Months Ended
September 30, 2001 and 2000, and for the Period from November 1, 1985
(Inception) to September 30, 2001

Statement of Stockholders Equity (Deficit)

Statements of Cash Flows (unaudited) for the Nine Months Ended September 30,
2001 and 2000, and from the Period from November 1, 1985 (Inception) to
September 30, 2001

Notes to Consolidated Financial Statements

Item 2.  Management's Discussion and Analysis of Financial Condition | 3

4

5

6

10

11

12
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------

|PART II. Other Information 

Item 6.  Exhibits and Reports on Form 8-K | 13
|---------------------------------------------------------------------- | --

|Signatures | 13
|---------- | --

(Inapplicable items have been omitted)

**PART I**.

**Financial Information**

Item 1.  Financial Statements (unaudited)

In the opinion of management, the accompanying unaudited financial statements included in this Form 10-QSB reflect all
adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of the results of operations for the
periods presented.  The results of operations for the periods presented are not necessarily indicative of the results to be expected
for the full year.

**SICLONE INDUSTRIES, INC.**

(A Development Stage Company)

Balance Sheets

ASSETS

|                     | September 30,      | December 31,       
|-------------------- | ------------------ | -------------------
|                     | 2001               | 2000               
|                     | (Unaudited)        |                    
|CURRENT ASSETS       |                    |                    
|Cash                 | $              406 | $               740
|                     | _____________      | ______________     
|Total Current Assets | 406                | 740                
|                     | _____________      | ______________     
|TOTAL ASSETS         | $              406 | $               740
|                     | _____________      | ______________     

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

|CURRENT LIABILITIES              |                 |                 
|-------------------------------- | --------------- | ----------------
|Accounts payable                 | $             - | $          1,093
|Accounts payable - related party | 14,706          | 10,200          
|Total Liabilities                | 14,706          | 11,293          

|STOCKHOLDERS' EQUITY
(DEFICIT)                                                                           |              |                
|-------------------------------------------------------------------------------------------------------- | ------------ | ---------------
|Preferred stock: 5,000,000 shares
authorized at $0.001 par value; -0-
shares issued and outstanding      | -            | -              
|Common stock: 30,000,000 shares
authorized at $0.001 par value;
23,810,000 shares issued and
outstanding | 23,810       | 23,810         
|Additional paid-in capital                                                                               | 583,693      | 583,693        
|Deficit accumulated during the
development stage                                                         | (621,803)    | (618,056)      
|Total Stockholders' Equity (Deficit)                                                                     | (14,300)     | (10,553)       
|TOTAL LIABILITIES AND
STOCKHOLDERS;                                                                      |              |                
|EQUITY (DEFICIT)                                                                                         | $        406 | $           740

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

**SICLONE INDUSTRIES, INC.**

(A Development Stage Company)

Statements of Operations

(Unaudited)

|                                              | For the    Three Months Ended
September 30, | For the Nine Months Ended September
30, | From Inception on
November 1,1985
Through
September 30,
|--------------------------------------------- | ------------------------------------------- | --------------------------------------- | -------------------------------------------------------
|                                              | 2001                                        | 2000                                    | 2001                                                   
|REVENUES                                      | $         -                                 | $        -                              | $         -                                            
|EXPENSES                                      | (1,341 )                                    | (1,640 )                                | (3,747)                                                
|LOSS FROM
DISCONTINUED
OPERATIONS             | -                                           | -                                       | -                                                      
|NET LOSS                                      | $     (1,341 )                              | $    (1,640 )                           | $    (3,747)                                           
|BASIC LOSS PER
SHARE                          | $       (0.00 )                             | $      (0.00 )                          | $     (0.00)                                           
|WEIGHTED
AVERAGE
NUMBER OF
SHARES
OUTSTANDING | 23,810,000                                  | 23,810,000                              | 23,810,000                                             

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

**SICLONE INDUSTRIES, INC.**

(A Development Stage Company)

Statements of Stockholders' Equity (Deficit)



|                                                                                                                     | Common Stock       | Additional Paid-In  | Deficit Accumulated
During the
Development
|-------------------------------------------------------------------------------------------------------------------- | ------------------ | ------------------- | ------------------------------------------
|                                                                                                                     | Shares             | Amount              | Capital                                   
|                                                                                                                     | __________________ | __________________  | __________________                        
|Balance, November 1,
1985                                                                                            | -                  | $                 - | $                 -                       
|Issuance of 500,000
shares of common
stock to Officers and
Directors for cash on
November 1, 1985 at
$0.02 per share | 500,000            | 500                 | 9,500                                     
|Cancellation of
140,000 shares on
February 7, 1986                                                                   | (140,000 )         | (140 )              | 140                                       
|Cancellation of
300,000 shares on
October 1, 1986                                                                    | (300,000 )         | (300 )              | 300                                       
|Issuance of 1,000,000
shares of common
stock to the public
offered March 26, 1986
at $0.10 per share                 | 1,000,000          | 1,000               | 99,000                                    
|Deferred offering costs
offset against
additional paid-in
capital                                                    | -                  | -                   | (18,678 )                                 
|Issuance of 10,700,000
shares of common
stock October 10, 1986
at $0.05 per share                                    | 10,700,000         | 10,700              | 483,251                                   
|Issuance of 50,000
shares for promotional
services at $0.001 per
share                                               | 50,000             | 50                  | -                                         
|Accumulated losses
from formation on
November 1, 1985
through December 31,
1987                                      | -                  | -                   | -                                         
|Balance,  December 31,
1987                                                                                          | 11,810,000         | $           11,810  | $         573,513                         

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

**SICLONE INDUSTRIES, INC.**

(A Development Stage Company)

Statements of Stockholders' Equity (Deficit) (Continued)



|                                               | Common Stock       | Additional Paid-In  | Deficit Accumulated
During the
Development
|---------------------------------------------- | ------------------ | ------------------- | ------------------------------------------
|                                               | Shares             | Amount              | Capital                                   
|                                               | __________________ | __________________  | __________________                        
|Balance, December 31,
1987                     | 11,810,000         | $            11,810 | $            573,513                      
|Net loss for the year
ended December 31,
1988  | -                  | -                   | -                                         
|Balance, December 31,
1988                     | 11,810,000         | 11,810              | 573,513                                   
|Cash contributed to
additional paid-in
capital | -                  | -                   | 10,180                                    
|Net loss for the year
ended  December 31,
1989 | -                  | -                   | -                                         
|Balance, December 31,
1989                     | 11,810,000         | 11,810              | 583,693                                   
|Net loss for the year
ended December 31,
1990  | -                  | -                   | -                                         
|Balance, December 31,
1990                     | 11,810,000         | 11,810              | 583,693                                   
|Net loss for the year
ended December 31,
1991  | -                  | -                   | -                                         
|Balance, December 31,
1991                     | 11,810,000         | $         11,810    | $           583,693                       

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

**SICLONE INDUSTRIES, INC.**

(A Development Stage Company)

Statements of Stockholders' Equity (Deficit) (Continued)

|                                                                                                  | Common Stock       | Additional Paid-In | Deficit Accumulated
During the
Development
|------------------------------------------------------------------------------------------------- | ------------------ | ------------------ | ------------------------------------------
|                                                                                                  | Shares             | Amount             | Capital                                   
|                                                                                                  | __________________ | __________________ | __________________                        
|Balance, December 31,
1991                                                                        | 11,810,000         | $         11,810   | $           583,693                       
|Net loss for the year
ended December 31,
1992                                                     | -                  | -                  | -                                         
|Balance,  December 31,
1992                                                                       | 11,810,000         | 11,810             | 583,693                                   
|Issuance of 1,000,000
shares of common
stock to officer for cash
June 7, 1993 at $0.001
per share | 1,000,000          | 1,000              | -                                         
|Net loss for the year
ended  December 31,
1993                                                    | -                  | -                  | -                                         
|Balance, December 31,
1993                                                                        | 12,810,000         | 12,810             | 583,693                                   
|Net loss for the year
ended December 31,
1994                                                     | -                  | -                  | -                                         
|Balance,  December 31,
1994                                                                       | 12,810,000         | 12,810             | 583,693                                   
|Issuance of 11,000,000
shares of common
stock to officer for cash
at $0.001 per share             | 11,000,000         | 11,000             | -                                         
|Net loss for the year
ended December 31,
1995                                                     | -                  | -                  | -                                         
|Balance, December 31,
1995                                                                        | 23,810,000         | $       23,810     | $       583,693                           

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

**SICLONE INDUSTRIES, INC.**

(A Development Stage Company)

Statements of Stockholders' Equity (Deficit) (Continued)

|                                                                  | Common Stock       | Additional Paid-In | Deficit Accumulated
During the
Development
|----------------------------------------------------------------- | ------------------ | ------------------ | ------------------------------------------
|                                                                  | Shares             | Amount             | Capital                                   
|                                                                  | __________________ | __________________ | __________________                        
|Balance, December 31,
1995                                        | 23,810,000         | $       23,810     | $       583,693                           
|Net loss for the year
ended December 31,
1996                     | -                  | -                  | -                                         
|Balance, December 31,
1996                                        | 23,810,000         | 23,810             | 583,693                                   
|Net loss for the year
ended December 31,
1997                     | -                  | -                  | -                                         
|Balance, December 31,
1997                                        | 23,810,000         | 23,810             | 583,693                                   
|Net loss for the year
ended December 31,
1998                     | -                  | -                  | -                                         
|Balance, December 31,
1998                                        | 23,810,000         | 23,810             | 583,693                                   
|Net loss for the year
ended December 31,
1999                     | -                  | -                  | -                                         
|Balance,  December 31,
1999                                       | 23,810,000         | 23,810             | 583,693                                   
|Net loss for the year
ended December 31,
2000                     | -                  | -                  | -                                         
|Balance, December 31,
2000                                        | 23,810,000         | 23,810             | 583,693                                   
|Net loss for the nine
months ended
September 30, 2001
(unaudited) | -                  | -                  | -                                         
|Balance, September 30,
2001 (unaudited)                           | 23,810,000         | $   23,810         | $    583,693                              

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

**SICLONE INDUSTRIES, INC.**

(A Development Stage Company)

Statements of Cash Flows

(Unaudited)

|                                                                              | For the Nine Months Ended September 30, | From Inception on November
1, 1985 Through September
30,
|----------------------------------------------------------------------------- | --------------------------------------- | --------------------------------------------------------
|                                                                              | 2001                                    | 2000                                                    
|                                                                              | _______________________                 | _______________________                                 
|OPERATING ACTIVITIES:                                                         |                                         |                                                         
|Net loss                                                                      | $                 (3,747)               | $                 (4,359)                               
|Adjustments to reconcile net
loss to net cash (used) by
operating activities: |                                         |                                                         
|Shares issued for services                                                    | -                                       | -                                                       
|Changes in operating assets
and liabilities:                                  |                                         |                                                         
|Increase in accounts payable
and accounts payable - related
party             | 3,413                                   | 4,723                                                   
|Net Cash Provided (Used) by
Operating Activities                              | (334)                                   | 364                                                     
|INVESTING ACTIVITIES:                                                         | -                                       | -                                                       
|FINANCING ACTIVITIES:                                                         |                                         |                                                         
|Additional capital contributed                                                | -                                       | -                                                       
|Stock offering costs                                                          | -                                       | -                                                       
|Issuance of common stock                                                      | -                                       | -                                                       
|Net Cash Provided by
Financing Activities                                     | -                                       | -                                                       
|INCREASE (DECREASE)
IN CASH AND CASH
EQUIVALENTS                              | (334)                                   | 364                                                     
|CASH AT BEGINNING OF
PERIOD                                                   | 740                                     | 178                                                     
|CASH AT END OF PERIOD                                                         | $                  406                  | $               542                                     
|CASH PAID FOR                                                                 |                                         |                                                         
|Interest                                                                      | $                   -                   | $                -                                      
|Income taxes                                                                  | $                   -                   | $                -                                      
|Schedule of Non-Cash
Financing Activities:                                    |                                         |                                                         
|Shares issued for services                                                    | $                   -                   | $                -                                      

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

**SICLONE INDUSTRIES, INC.**

(A Development Stage Company)

Notes to the Financial Statements

September 30, 2001 and December 31, 2000

NOTE 1 - BASIS OF FINANCIAL STATEMENT PRESENTATION

The accompanying unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the
rules and regulations of the Securities and Exchange Commission.  Certain information and footnote disclosures normally
included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or
omitted in accordance with such rules and regulations.  The information furnished in the interim condensed consolidated
financial statements include normal recurring adjustments and reflects all adjustments, which, in the opinion of management, are
necessary for a fair presentation of such financial statements.  Although management believes the disclosures and information
presented are adequate to make the information not misleading, it is suggested that these interim condensed consolidated
financial statements be read in conjunction with the Company's most recent audited financial statements and notes thereto
included in its December 31, 2000 Annual Report on Form 10-KSB.  Operating results for the nine months ended September 30,
2001 are not necessarily indicative of the results that may be expected for the year ending December 31, 2001.

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 has little cash and has experienced losses from inception.  Without realization of additional adequate financing, it
would be unlikely for the Company to pursue and realize its objectives.  The Company intends to seek a merger with an existing
operating company.  In the interim, an officer of the Company has committed to meeting its operating expenses.

**Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF**

**FINANCIAL CONDITION OR PLAN OF OPERATION**

**Forward-Looking Statement Notice**

When used in this report, the words "may," "will," "expect," "anticipate," "continue," "estimate," "project," "intend," and similar
expressions are intended to identify forward-looking statements within the meaning of Section 27a of the Securities Act of 1933
and Section 21e of the Securities Exchange Act of 1934 regarding events, conditions, and financial trends that may affect the
Company's future plans of operations, business strategy, operating results, and financial position.  Persons reviewing this report
are cautioned that any forward-looking statements are not guarantees of future performance and are subject to risks and
uncertainties and that actual results may differ materially from those included within the forward-looking statements as a result
of various factors.  Such factors are discussed under the "Item 6.  Management's Discussion and Analysis of Financial Condition
or Plan of Operations," and also include general economic factors and conditions that may directly or indirectly impact the
Company's financial condition or results of operations.

**Three Month period Ended September 30,  2001 and 2000**

The Company had no revenue from continuing operations for the three month periods ended September 30, 2001 and 2000.

General and administrative expenses for the three month period ended September 30, 2001 and 2000, consisted of general
corporate administration, legal and professional expenses, and accounting and auditing costs.  These expenses were $1,341 and
$1,640 for the three month period ended September 30, 2001 and 2000, respectively.

As a result of the foregoing factors, the Company realized a net loss of $1,341 for the three months ended September 30, 2001,
as compared to a net loss of $1,640 for the same period in 2000.

**Nine Month periods Ended September 30, 2000 and 1999**

The Company had no revenue from continuing operations for the nine month periods ended September 30, 2001 and 2000.

General and administrative expenses for the nine month periods ended September 30, 2001 and 2000, consisted of general
corporate administration, legal and professional expenses, and accounting and auditing costs.  These expenses were $3,747 and
$4,359 for the nine-month periods ended September 30, 2001 and 2000, respectively.

As a result of the foregoing factors, the Company realized a net loss of $3,747 for the nine months ended September 30, 2001, as
compared to a net loss of $4,359 for the same period in 2000.

**Liquidity and Capital Resources**

At September 30, 2001, the Company had cash in hand of $406 compared to $740 at December 31, 2000.  The Company has
accounts payable in the amount of $14,706 to a related party for the period ending September 30, 2001 and $11,293 at December
31, 2000 of which $10,200 was payable to a related party.

Management believes that the Company has sufficient cash and short-term investments to meet the anticipated needs of the
Company's operations through at least the next 12 months.  However, there can be no assurances to that effect, as the Company
has no significant revenues and the Company's need for capital may change dramatically if it acquires an interest in a business
opportunity during that period.  The Company may accept loans from officers, seek equity financing or other debt financing
arrangements if necessary.  The Company's current operating plan is to (i) handle the administrative and reporting requirements
of a pubic company, and (ii) search for potential businesses, products, technologies and companies for acquisition.  At present,
the Company has no understandings, commitments or agreements with respect to the acquisition of any business venture, and
there can be no assurance that the Company will identify a business venture suitable for acquisition I the future.  Further, there
can be no assurance that the Company would be successful in consummating any acquisition on favorable terms or that it will be
able to profitably manage any business venture it acquires.

PART II.  OTHER INFORMATION

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

Reports on Form 8-K:  No reports on Form 8-K were filed by the Company during the quarter ended September 30, 2001.

Exhibits:  None

**SIGNATURES**

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

**SICLONE INDUSTRIES, INC.**

Date: November 9, 2001                              By:       /s/ Bradley S. Shepherd

Bradley S. Shepherd,

President, Secretary and Treasurer