FILED AS OF DATE:

FILER:

	COMPANY DATA:
		COMPANY CONFORMED NAME:			ASI ENTERTAINMENT INC
		CENTRAL INDEX KEY:			0001067873
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT PART & AUXILIARY
                                                 EQUIPMENT, NEC [3728]
		IRS NUMBER:				522101695
		STATE OF INCORPORATION:		DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		10QSB
		SEC ACT:
		SEC FILE NUMBER:	000-27881
		FILM NUMBER:	544289

	BUSINESS ADDRESS:
		STREET 1:		15200 EAST GIRARD AVENUE STE 212
		STREET 2:		STE 212
		CITY:			AURORA
		STATE:		CO
		ZIP:			80014
		BUSINESS PHONE:	970 881 3573

	MAIL ADDRESS:
		STREET 1:		79 TAMI RD
		STREET 2:
		CITY:			RED FEATHER LAKES
		STATE:		CO
		ZIP:			80545










                               UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549

                             FORM 10-QSB
(Mark One)
            QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
                   SECURITIES EXCHANGE ACT OF 1934
            For the quarterly period ended December 31, 2000


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


                  Commission file number  333-61259

                  ASI ENTERTAINMENT, INC.
(Exact name of small business issuer as specified in its charter)


      Delaware                                   522101695
(State or other jurisdiction of        (IRS Employer Identification No.)
incorporation or organization)

                             Suite 3, 1601 Main Road
                        Research, Victoria, 3095, Australia
                      (Address of principal executive offices)

                              (613)9437 1233
                      (Issuer's telephone number)

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

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

Check whether the registrant filed all documents and reports required to be
filed by Section l2, 13 or 15(d) of the Exchange Act after 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 the latest practicable date: 6,344,587

Transitional Small Business Disclosure Format (Check one): Yes [ ] No [ ]


<PAGE>


                    ASI ENTERTAINMENT, INC. AND SUBSIDIARIES


                               FORM 10-QSB

                    FOR THE QUARTER ENDED DECEMBER 31, 2000

                                 INDEX

PART I.     FINANCIAL INFORMATION........................................2

Item 1.  Financial
         Statements......................................................2

Item 2.  Management's Discussion and Analysis of Financial Condition
         and Results of Operations...........    .......................9

PART II:    OTHER INFORMATION..........................................11

Item 1.  Legal Proceedings.............................................11

Item 2.  Changes in Securities and Use of Proceeds.....................11

Item 3.  Defaults Upon Senior Securities...............................11

Item 4.  Submission of Matters to a Vote of Security Holders............11

Item 5.  Other Information..............................................11

Item 6.  Exhibits and Reports on Form 8-K...............................11

SIGNATURES..............................................................12





















                                     -1-
<PAGE>


PART I. FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS

                    ASI ENTERTAINMENT, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEET
                            AS OF DECEMBER 31, 2000
                                 (UNAUDITED)

ASSETS

CURRENT ASSETS
Cash and cash equivalents                                       $       6,608
Other receivables                                                      41,000
                                                                 ------------
Total Current Assets                                                   47,608
                                                                 ------------
NON CURRENT ASSETS
Property and equipment, net                                           931,208
Investments in media rights, net                                       99,478
                                                                 ------------
Total Non Current Assets                                            1,030,686
                                                                 ------------
TOTAL ASSETS                                                    $   1,078,294
                                                                 ============

LIABILITIES AND SHARHOLDERS' EQUITY

CURRENT LIABILITIES
Accounts payable and accrued expenses                                  14,740
Due to related parties                                                132,893
                                                                 ------------
Total Liabilities                                                     147,633
                                                                 ------------

STOCKHOLDERS' EQUITY
Preferred stock $0.0001 par value, 20,000,000
 shares authorized, non issued and outstanding                    $         0

Common stock, $0.0001 par value, 100,000,000
 shares authorized, 6,344,587 shares issued
 and outstanding                                                          634
Additional paid-in capital                                          3,617,583
Additional paid-in capital - discount on shares                      (745,470)
Accumulated deficit                                                (1,564,088)
Accumulated other comprehensive loss                                 (377,998)
                                                                   ----------
Total Stockholders' Equity                                            930,661
                                                                 ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                      $   1,078,294
                                                                 ============

       See accompanying notes to unaudited consolidated financial statements.



                                      -2-
<PAGE>


                    ASI ENTERTAINMENT, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                 (UNAUDITED)

                                   Three        Six        Three       Six
                                   months      months      months      months
                                   ending      ending      ending      ending
                                  December    December    December    December
                                 31,  2000   31,  2000   31,  1999   31,  1999
                                 ---------   ---------   ---------   ---------
REVENUES                                 0           0           0           0
Cost of sales                            0           0           0           0
                                 ---------   ---------   ---------   ---------
Gross Profit                             0           0           0           0
                                 ---------   ---------   ---------   ---------
EXPENSES:
Accounting and auditing              6,184       9,716      14,288      17,324
Advertising and promotion              600       1,145           0           0
Amortisation                        13,475      27,735      16,400      32,650
Banking                                 42         112         264         399
Consulting expense                 115,117     139,309           0           0
Convention expenses                    983       1,011           0           0
Corporate Administration               428         660       1,365       1,365
Depreciation                        14,486      29,261      17,318      34,477
Directors fees                           0           0       3,000       6,000
Engineering                          2,093       5,929           0           0
Interest                                 0           0         927       1,851
Marketing expense                      650         843           0           0
Officers' compensation              18,477      37,485      21,648      43,098
Other employee compensation          8,399       8,399       3,936       7,836
Office expenses, rent and
 Utilities                           2,842       3,809       4,537       8,537
Professional fees                        0           0       3,280       3,280
Travel                                   0       4,329         689       1,709
                                 ---------   ---------   ---------   ---------
Total Expenses                     183,776     269,743      87,652     158,526
                                 ---------   ---------   ---------   ---------
NET LOSS                         $(183,776)  $(269,743)  $ (87,652)  $(158,526)
                                 =========   =========   =========   =========
OTHER COMPREHENSIVE
 INCOME (LOSS)
Foreign currency translation
 gains (losses)                     23,727     (79,367)     13,114      (9,728)
                                 ---------   ---------   ---------   ---------
COMPREHENSIVE LOSS              $ (160,049)  $(349,110)  $ (74,538)  $(168,254)
                                ==========   =========   =========   =========
Weighted average number of
 shares outstanding during
 the period                      6,344,587   6,294,587   5,754,337   5,754,337
                                 =========   =========   =========   =========
Net Loss per common share
 and equivalents                 $  (0.029)  $  (0.043)  $  (0.015)  $ (0.0275)
                                 =========   =========   =========   =========

      See accompanying notes to unaudited consolidated financial statements.


                                      -3-
<PAGE>


                    ASI ENTERTAINMENT, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENT OF CASH FLOWS
                                (UNAUDITED)
<TABLE>
<CAPTION>
                                        Six months        Six months
                                          ending             ending
                                       December 31,       December 31,
                                           2000               1999
                                        ---------           ---------
<S>                                 <C>                 <C>
Cash flows from operating
activities:
Net Loss                             $   (269,743)       $   (158,526)
                                     ------------        ------------
Adjustments to reconcile net
loss to net cash provided by
operating activities:
Depreciation                               29,261              34,477
Amortisation                               27,735              32,650
Compensatory stock issuances              100,000                   0

Changes in operating assets
and liabilities:
(Increase) decrease in:
Other Receivables                           2,975                   0

Increase (decrease) in:
Accounts payable and accrued
expenses                                   (6,139)             12,333
                                       ----------          ----------
Total adjustments to reconcile
net loss to cash provided by
operating activities:                     153,832              79,460
                                       ----------          ----------
Net cash used in operating
activities                               (115,911)            (79,066)
                                       ----------          ----------
Net cash provided by (used in)
investing activities                            0                   0
                                       ----------          ----------
Cash flow from financing
activities:
Increase (decrease) in loans
payable - bank                                  0             (32,956)
Increase (decrease) in amount
due to related parties                     78,777              46,817
</TABLE>
       See accompanying notes to unaudited consolidated financial statements.




                                       -4-
<PAGE>

                   ASI ENTERTAINMENT, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENT OF CASH FLOWS
                                (UNAUDITED)
                                        Six months       Six months
                                          ending             ending
                                        December 31,      December 31,
                                           2000               1999
                                        ---------           ---------

Proceeds from issuance of
common stock, net                           1,250              64,000

Recipts of subscriptions
Receivable                                      0              16,850

                                        ---------          ----------

Net cash from financing
activities                                 80,027              94,711
                                       ----------          ----------

Effect of exchange rate
changes on cash                            (6,226)              1,305
                                       ----------          ----------
Net increase (decrease) in
 cash                                     (42,110)             16,950
                                       ----------          ----------
CASH AND CASH EQUIVALENTS
 AT BEGINNING OF PERIOD                    48,718               1,100
                                       ----------          ----------
CASH AND CASH EQUIVALENTS
 AT END OF PERIOD                      $    6,608          $   18,050
                                       ==========          ==========


       See accompanying notes to unaudited consolidated financial statements.




















                                      -5-
<PAGE>


                    ASI ENTERTAINMENT, INC. AND SUBSIDIARIES
                            NOTES TO BALANCE SHEET
                           AS OF DECEMBER 31, 2000
                                 (UNAUDITED)

Note 1. Summary of Significant Accounting Policies

Principles of Consolidation

The accompanying unaudited consolidated financial statements include the
accounts of ASI Entertainment, Inc. and its wholly owned subsidiaries, ASI
Technologies, Inc. and ASI Entertainment Pty. Ltd., an Australian corporation.
ASI Media Pty. Ltd., an inactive wholly owned subsidiary of the Australian
corporation is also included.  (All entities are collectively referred to as
"the Company").


Basis of Presentation

The accompanying unaudited consolidated financial statements of the Company
have been prepared in accordance with Generally Accepted Accounting Principles
used in the United States and with the rules and regulations of the United
States Securities and Exchange Commission for the interim financial
information.  Accordingly, they do not include all the information and
footnotes necessary for a comprehensive presentation of financial position and
results of operations.

Adjustments are made to convert the statutory financial statements of the
Company's Australian subsidiaries to Generally Accepted Accounting Principles
used in the United States.  The functional currency of the Company's
Australian subsidiary is the Australian dollar.  The functional currency of
the United States entities is the United States dollar.  The unaudited
consolidated financial statements are expressed in United States dollars.  It
is management's opinion that all other material adjustments (consisting of
normal recurring adjustments) have been made which are necessary for a fair
consolidated financial statement presentation.  The results for the interim
period are not necessarily indicative of the results to be expected for the
year.

For further information, refer to the consolidated financial statements and
footnotes of ASI Entertainment Pty. Ltd. and ASI Entertainment, Inc. included
in the Company's Form 10KSB for the year ended June 30, 2000.

Per Share Data

Net loss per common share is computed by dividing net loss by the weighted
average common shares outstanding during the period as defined by Financial
Accounting Standards, No. 128, "Earnings per Share".  The assumed exercise of
common share equivalents was not utilized since the effect was anti-dilutive.








                                      -6-
<PAGE>


                   ASI ENTERTAINMENT, INC. AND SUBSIDIARIES
                           NOTES TO BALANCE SHEET
                          AS OF DECEMBER 31, 2000
                              (UNAUDITED)

Note 2. Acquisition

On July 1, 1998, the Company acquired all of the issued and outstanding common
stock and stock options of ASIE in exchange for common stock and common stock
options of the Company. Under the terms of the agreement, ASIE's outstanding
shares and options were exchanged at a ratio of one share and one option of the
Company for every eight shares and eight options of ASIE. As a result of the
exchange, ASIE and its wholly owned inactive subsidiary, ASI Media became
wholly owned subsidiaries of the Company, and the shareholders of ASIE received
5,293,990 shares and became shareholders of 92.7% of the Company. Generally
accepted accounting principles require that the Company whose shareholders
retain a majority interest in a combined business be treated as the acquiror
for accounting purposes. As a result, the merger was treated as an acquisition
of the Company by ASIE, and a recapitalization of ASIE. Accordingly, the
Company's balance sheet consists of ASIE's net assets and the Company's net
assets at historical cost, and the statement of operations includes ASIE's
operations for the period presented and the operations of the Company from the
date of acquisition. As a result of the acquisition, the Company obtained
417,189 shares previously issued to the prior shareholders of ASI
Entertainment, Inc., resulting in a total of 5,711,179 shares issued and
outstanding subsequent to the acquisition.


Note 3. Going Concern

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern.  As such, they do not include
adjustments relating to the recoverability of recorded asset amounts and
classification of recorded assets and liabilities.  The Company had
accumulated losses of approximately $1,564,000 at December 31, 2000 and will
be required to make significant expenditure in connection with continuing
engineering and marketing efforts along with general and administrative
expenses.  The Company's ability to continue its operations is dependant upon
its raising of capital through debt or equity financing in order to meet its
working needs.

These conditions raise substantial doubt about the Company's ability to
continue as a going concern subsequent to the acquisition, and if substantial
additional funding is not acquired or alternative sources developed,
management will be required to curtail its operations.

The Company may raise additional capital by the sale of its equity securities,
through an offering of debt securities, or from borrowing from a financial
institution.  The Company does not have a policy on the amount of borrowing or
debt that the Company can incur.  The Company may also attempt to negotiate
with vendors or customers, airline revenue sharing arrangements by which the
Company will share the advertising revenue if the vendor or customer airline
provide capital for the equipment.  Management believes that actions presently
being taken to obtain additional funding provides the additional opportunity
for the Company to continue as a going concern.



                                      -7-
<PAGE>


                     ASI ENTERTAINMENT, INC. AND SUBSIDIARIES
                           NOTES TO BALANCE SHEET
                          AS OF DECEMBER 31, 2000
                              (UNAUDITED)


Note 4. Issuance of common stock to investors

The Company has issued 100,000 shares of common stock at $1.00 per share in
exchange for consulting services.  As a result of the issue, the Company has
taken up Additional Paid-In Capital of $99,990.

Note 5. Revenue

ASI has not received any revenue for the past two year period under its
agreement with Air Europa following removal of ASI equipment from six Air
Europa B-757-200 aircraft.  While the airline has requested an extension of
the term of the agreement, renewal will be subject to completion of
satisfactory discussions expected to be held with the management of Air Europa
in March, 2001.

































                                       -8-
<PAGE>


PART 1. FINANCIAL INFORMATION

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

The following discussion should be read in conjunction with the accompanying
consolidated financial statements for the three-month period ended December
31, 2000 and the Form 10-KSB for the fiscal year ended June 30, 2000.

RESULTS AND PLAN OF OPERATIONS

THREE MONTHS ENDED DECEMBER 31, 2000 COMPARED TO THREE MONTHS ENDED DECEMBER
31, 1999

No sales were made in the three month period ended December 31, 2000.
Similarly no sales were made in the three month period ending December 31,
1999.

The Company had a net loss of $183,776 in the three month period ended December
31, 2000 compared to a net loss of $87,652 in the three month period ended
December 31, 1999.  Expenses increased from $87,652 in the three months ended
December 31, 1999 to $183,776 in the three months ended December 31, 2000 due
to higher consulting and other employee compensation, but after lower office
expenses, accounting and auditing, directors' fees, amortisation and
depreciation.

The Company had a foreign currency translation gain of $23,727 for the three
months ended December 31, 2000 compared to a foreign currency translation
gain of $13,114 for the three month period ended December 31, 1999.  As a
result, the Company recorded a comprehensive loss of $160,049 for the three
month period ended December 31, 2000 compared to a comprehensive loss of
$74,538 for the three month period ended December 31, 1999.

SIX MONTHS ENDED DECEMBER 31, 2000 COMPARED TO SIX MONTHS ENDED DECEMBER
31, 1999

No sales were made in the six month period ended December 31, 2000.
Similarly no sales were made in the six month period ending December 31,
1999.

In the six month period ended December 31, 2000, the Company had a loss of
$269,743 compared to a loss of $158,526 in the six month period ended December
31, 1999.  As for the three month period, the loss for the six month period to
December 31, 2000 was due to major expense items of amortization, depreciation,
consulting fees and officers' compensation.  The increased loss was due mainly
to consulting expenses.  The Company had a foreign currency translation loss of
$79,367 for the six month period to December 31, 2000 giving a comprehensive
loss of $349,110.  In comparison, for the six month period to December 31, 1999
the Company had a foreign currency translation loss of $9,728 and a
comprehensive loss of $168,254.




                                      -9-
<PAGE>


LIQUIDITY AND CAPITAL RESOURCES

The Company has used the proceeds from the sale of the securities of ASI
Entertainment Pty. Ltd. (prior to becoming a subsidiary) and from subsequent
capital raisings, for payment of operating costs to date.

The Company's cash and cash equivalents decreased from $48,718 at July 1, 2000,
to $6,608 at December 31, 2000, as a result of operating losses, but has been
partly offset by increased amounts due to related parties and decreased other
receivables.

The Company had a net loss of $183,776 from operating activities for the period
October 1, 2000 to December 31, 2000, and a net loss of $269,743 for the period
July 1, 2000 to December 31, 2000 primarily consisting in both periods of
compensation to officers, depreciation, amortization and consulting expenses.

The Company received no revenues for the three months ending December 31,
2000 as the revenue generated from the ASI-9000 Program with Air Europa was
suspended.

The cash flow of the Company from financing activities for the three months
ending December 31, 2000 was from increased amounts due to related parties.

The Company had no cash flow from investing activities for the three months
ending December 31, 2000.

The Company's marketing plan anticipates that the Company will install and
maintain the ASI-9000 and Data3Mail programs on commercial airlines with
little or no cost to the airline.  The Company will receive revenues from
communications and from the sale of the advertising space available on the
video and audio programs as well as other forms as developed.  This marketing
plan requires significant initial capital from the Company for the production,
acquisition, installation and maintenance of the ASI-9000 and Data3Mail
programs possibly before any revenues are received.  The Company may not have
sufficient funds to purchase or install the equipment in which case the
Company will have to seek additional capital.  The Company may raise
additional capital by the sale of its equity securities, through an offering
of debt securities, or from borrowing from a financial institution.  The
Company does not have a policy on the amount of borrowing or debt that the
Company can incur.  The Company may also attempt to negotiate with vendors or
customer airlines revenue sharing arrangements by which the Company will share
the revenue if the vendor or customer airline provide capital for the
equipment.

The Company subcontracts for the production of the ASI-9000 and Data3Mail
equipment and integration technology.  The cost to the Company for installation
of the ASI-9000 or Data3Mail, excluding the hardware, is $5,000 to $10,000 per
aircraft.

The Company has no commitments for capital expenditures in the near future.
The Company purchases or subcontracts (on an per item basis) for the ASI-9000
and Data3Mail installation integration technology.  The Company will need
to pay the expenses of the installation of the ASI-9000 and Data3Mail.



                                     -10-
<PAGE>


PART II OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None

ITEM 2. CHANGES IN SECURITIES

None

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

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

None

ITEM 5. OTHER INFORMATION

ASI has completed its obligations under the Heads of Agreement with AirTV
Limited, a company which is developing a global satellite television system
that interfaces with existing in-flight entertainment systems on board
aircraft to provide direct television programming, and as a result Mr Ron
Chapman, the CEO of ASI, has been engaged to implement AirTV's airline internet
strategy.  This will generate revenue for ASI in the first quarter of 2001.

On May 12, 2000, ASI announced the release of its Data3Mail system, an
in-flight email system with full global coverage based on ASI's existing
flight proven hardware and software platform.  The core software was developed
and tested in conjunction with INMARSAT, COMSAT and SITA (the major providers
of satellite communications and ground based infrastructure for the airline
industry).  Data3Mail sends and receives passenger Emails via the cockpit
satellite data link rather than the passenger telephone line.  Messages are
prioritised so as not to interfere with cockpit communications and charged by
the kilobit per transmission.  On September 10, 2000, the Company announced the
release of a wireless Data3Mail system, an option to the original Data3Mail
system.


ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

None





                                     -11-
<PAGE>


SIGNATURES


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


ASI ENTERTAINMENT, INC.


  SIGNATURE                   TITLE                               DATE





By:    /s/
Ronald J. Chapman             President and Director             02/15/2001





By:    /s/
Philip A.  Shiels             Principal Financial Officer        02/15/2001

                                    and Director





By:    /s/
Graham O. Chappell                Director                       02/15/2001















                                     -12-