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

                                FORM 10-QSB

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

     For the quarterly period ended March 31, 2001

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

     For the transition period from ____________  to____________

                        Commission File No. 0-26695

                           HIGHWAY ONE-OWEB, INC.
                           ----------------------
              (Name of Small Business Issuer in its Charter)

          UTAH                                87-0636107
          ----                                ----------
(State or Other Jurisdiction of              (I.R.S. Employer I.D. No.)
incorporation or organization)

                              430 Fourth Street
                              Ogden, Utah 84404
                              -----------------
                 (Address of Principal Executive offices)

                 Issuer's Telephone Number: (801) 392-6056

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

(1) Yes  X  No                (2) Yes X     No
        ---   ---                    ---      ---
<PAGE>

            APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                PROCEEDINGS DURING THE PRECEDING FIVE YEARS

                              Not applicable.



                   APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the Registrant's classes
of common stock, as of the latest practicable date:

                                March 31, 2001

                                 2,348,000

                      PART I - FINANCIAL INFORMATION

Item 1.   Financial Statements.

          The Financial Statements of the Registrant required to be filed
with this 10-QSB Quarterly Report were prepared by management, and commence of
the following page, together with Related Notes. In the opinion of management,
the Financial Statements fairly present the financial condition of the
Registrant.
<PAGE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)

                       FINANCIAL STATEMENTS

               March 31, 2001 and December 31, 2000
<PAGE>
<TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                          Balance Sheets
<CAPTION>

                              ASSETS

                                                  March 31,    December 31,
                                                   2001        2000
                                                 (Unaudited)
<S>                                               <C>           <C>
CURRENT ASSETS

 Cash                                     $              7,624 $     9,280

  Total Current Assets                                   7,624       9,280

FIXES ASSETS (NET)                                       3,684       3,915

  TOTAL ASSETS                            $             11,308 $    13,195

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

 Accounts payable                         $              4,636 $     1,554

  Total Current Liabilities                              4,636       1,554

  TOTAL LIABILITIES                                      4,636       1,554

STOCKHOLDERS' EQUITY

 Common stock: 100,000,000 shares authorized of $0.001
  par value, 2,348,000 shares issued and outstanding     2,348       2,348
 Additional paid-in capital                             37,452      37,452
 Deficit accumulated during the development stage      (33,128)    (28,159)

  Total Stockholders' Equity                             6,672      11,641

  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY        $   11,308  $   13,195
</TABLE>
<TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                     Statements of Operations
                           (Unaudited)
<CAPTION>
                                                                     >From
                                                                 Inception on
                                                                   March 17,
                               For the Three Months Ended         1999 Through
                                        March 31,                  March 31,
                                        2001        2000              2001
<S>                                  <C>           <C>          <C>
REVENUES                       $             150    $      150  $        300

EXPENSES

 General and administrative                5,119        18,757        33,428

  Total Expenses                           5,119        18,757        33,428

NET LOSS                       $          (4,969)   $  (18,757)  $   (33,128)

BASIC LOSS PER SHARE                       (0.00)        (0.01)

BASIC WEIGHTED AVERAGE SHARES             2,348,000   1,859,101
</TABLE>
<TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                Statement of Stockholders' Equity
<CAPTION>
                                                                Deficit
                                                              Accumulated
                                                 Additional    During the
                              Common Stock        Paid-In     Development
                            Shares     Amount     Capital        Stage
<S>                          <C>       <C>       <C>        <C>
Balance at inception on
 March 17, 1999                    -    $    -    $     -    $      -

Issuance of common stock for
 cash at $0.0025 per share   2,000,000     2,000      3,000         -

Issuance of common stock
 for cash at $0.10 per share   348,000       348     34,452         -

Net loss from inception on
 March 17, 1999 through
 December 31, 1999                 -         -          -       (18,757)

Balance, December 31, 1999   2,348,000     2,348     37,452     (18,757)

Net loss for the year
 ended December 31, 2000           -         -          -        (9,402)

Balance, December 30, 2000   2,348,000  $  2,348  $  37,452    $(28,159)

Net loss for the three months
ended March 31, 2001
(unaudited)                        -         -          -        (4,969)

Balance, March 31, 2001
(unaudited)                  2,348,000  $  2,348  $  37,452    $(33,128)
</TABLE>
<TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                     Statements of Cash Flows
                           (Unaudited)
<CAPTION>
                                                                   From
                                                               Inception on
                                                                 March 17,
                               For the Three Months Ended       1999 Through
                                       March 31,                  March 31,
                                        2001        2000            2001
<S>                                  <C>           <C>          <C>
CASH FLOWS FROM OPERATING ACTIVITIES

 Net (loss)                           $     (4,969)  $    (91)   $  (33,128)
 Adjustments to reconcile loss from
  operations to net cash used by
  operating activities:
  Depreciation                                  231         -           921
 Change in operating assets and liabilities:
  (Decrease) in accounts payable               3,082   (4,556)        4,636

  Net Cash (Used) by Operating Activities     (1,656)  (4,647)      (27,571)

CASH FLOWS FROM INVESTING ACTIVITIES

 Purchase of equipment                             -   (4,605)       (4,605)

  Net Cash Used by Investing Activities            -   (4,605)       (4,605)

CASH FLOWS FROM FINANCING ACTIVITIES

 Common stock issued for cash                      -        -        39,800

  Net Cash Provided by Financing Activities        -        -        39,800

NET INCREASE (DECREASE) IN CASH AND
 CASH EQUIVALENTS                             (1,656)  (9,252)        7,624

CASH AND CASH EQUIVALENTS AT BEGINNING
 OF PERIOD                                     9,280   25,599             -

CASH AND CASH EQUIVALENTS AT END
 OF PERIOD                                  $  7,624 $ 16,347      $  7,624

CASH PAID FOR:

 Interest                                   $      - $      -      $      -
 Income taxes                               $      - $      -      $      -

</TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                Notes to the Financial Statements
               March 31, 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 three months ended March 31, 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 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. The Company is
       seeking additional financing from a private placement of common
       stock.  In the interim a shareholder has committed to meeting the
       Company's cash needs for a term of at least twelve (12) months from
       the date of these financial statements or until the Company
       establishes an active business operation.
<PAGE>

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

Plan of Operation.

           In addition to its web page design and hosting services, the
Company plans to expand its operations by acquiring, joint venturing or
merging with other internet service providers in exchange for the issuance of
shares of its common stock.  As of the date of this Report, the Company has
not entered into any agreements in this regard, and there can be no assurance
that it will be successful in entering into a transaction with any such
entity.

     In furtherance of its business plan, on March 17, 2000, the Company
purchased a computer server for $4,605.06.

     The Company has retained its first customer, and has received a retainer
of $150 for web site design services.

     The Company has also designed an advertising brochure to serve as a
three-fold mailer that the Company will send out to new businesses in
surrounding counties.  The brochure will also be used as a point of sale
advertising tool.

Results of Operations.

          During the quarterly period ended March 31, 2001, the Company
received $150 in revenues.  During that period, our total expenses were
$5,119.  Total expenses during the period from inception on
March 17, 1999 through March 31, 2001, were $33,428; the Company has
incurred net losses of ($4,969) and ($33,128) during the quarterly period
ended March 31, 2001, and during the period from inception on
March 17, 1999 through March 31, 2001, respectively.

Liquidity.

          At March 31, 2001, the Company had total current assets of
$7,624 and total liabilities of $4,636.  Management believes that its cash on
hand of $7,624 will be sufficient to allow it to begin its operations.

                        PART II - OTHER INFORMATION

Item 1.   Legal Proceedings.

          None; not applicable.

Item 2.   Changes in Securities.

          None; not applicable.

Item 3.   Defaults Upon Senior Securities.

          None; not applicable.

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

          None; not applicable.

Item 5.   Other Information.

          None; not applicable.

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

          (a) Exhibits.

          None.

          (b) Reports on Form 8-K.

          None.

<PAGE>

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

                                        HIGHWAY ONE-OWEB, INC.


Date: 5-15-01                           By: /s/ Pete Chandler
     ----------                            --------------------
                                           Pete Chandler
                                           Director and President