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

                                 FORM 10-QSB
__________________________________________________________________

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

For the quarterly period ended December 31, 1999

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

For the transition period from ___________ to ___________

Commission File Number: 333-63063

                        THE LIVING CARD COMPANY, INC.
      (Exact Name of small business issuer as specified in its charter)

           Nevada                               87-0583192
(State or other jurisdiction of        (IRS Employer ID Number)
incorporation or organization)


            1174 East 2700 South, #16, Salt Lake City, Utah 84106
                   (Address of principal executive offices)

                                (801) 485-0430
                         (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 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 [ ]

     State the number of shares outstanding of each of the issuer's classes of
common equity as of the latest practicable date:

     8,000,000 Shares as of the date of this report.

Transitional Small Business Disclosure Format (check one):   YES [ ]   NO [XX]

<PAGE>

                        THE LIVING CARD COMPANY, INC.

             Form 10-QSB for the Quarter ended December 31, 1999

                              Table of Contents

Part I - Financial Information                                           Page

   Item 1.  Financial Statement                                            3

   Item 2.  Management's Discussion and Analysis or Plan of Operation     10

Part II - Other Information

    Item 1.  Legal Proceedings                                            11

    Item 2.  Changes in Securities and Use of Proceeds                    11

    Item 3.  Defaults Upon Senior Securities                              12

    Item 4.  Submission of Matters to a Vote of Security Holders          12

    Item 5.  Other Information                                            12

    Item 6.  Exhibits and Reports on Form 8-K                             12

Signatures                                                                13

                                     2
<PAGE>
                          LIVING CARD COMPANY, INC.
                        (A Development Stage Company)
                                Balance Sheets


                                    ASSETS

                                                   December 31,    June 30,
                                                       1999          1999
                                                   ------------- ------------
                                                    (Unaudited)
CURRENT ASSETS

    Cash                                           $      1,514  $     9,634
    Accounts receivable                                   1,365        3,636
    Inventory                                            41,029       38,515
                                                   ------------- ------------
     Total Current Assets                                43,908       51,785
                                                   ------------- ------------
FIXED ASSETS

    Furniture and equipment - net                         2,759            -
                                                   ------------- ------------
      Total Fixed Assets                                  2,759            -
                                                   ------------- ------------
      TOTAL ASSETS                                 $     46,667  $    51,785
                                                   ============= ============


                     LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

    Accounts payable                               $      3,976  $    27,846
    Accounts payable - related party                     18,000       20,000
                                                   ------------- ------------
      Total Current Liabilities                          21,976       47,846
                                                   ------------- ------------
STOCKHOLDERS' EQUITY

    Preferred stock: $0.01 par value, 5,000,000
     shares authorized no shares issued and
      outstanding                                             -            -
    Common stock: $0.001 par value, 20,000,000
     share authorized; 8,000,000 shares issued
     and outstanding                                      8,000        8,000
    Additional paid-in capital                          239,575      239,575
    Stock subscription receivable                          (750)     (85,000)
    Deficit accumulated during the development
     stage                                             (222,134)    (158,636)
                                                   ------------- ------------
      Total Stockholders' Equity                         24,691        3,939
                                                   ------------- ------------
      TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   $     46,667  $    51,785
                                                   ============= ============

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

                                      3
<PAGE>

                          LIVING CARD COMPANY, INC.
                        (A Development Stage Company)
                           Statements of Operations
                                 (Unaudited)
<TABLE>
<CAPTION>
                                                                                 From
                                                                                 Inception on
                                                                                 May 8, 1998
                           For the Six Months Ended  For the Three Months Ended  Through
                                December 31,              December 31,           December 31,
                              1999           1998     1999              1998     1999
                           ------------- ----------- -------------- ------------ --------------
<S>                      <C>           <C>         <C>            <C>          <C>
REVENUES

    Sales                  $      9,597  $        -  $         223  $         -  $      13,717

COST OF SALES                     2,243           -            360            -          5,071
                           ------------- ----------- -------------- ------------ --------------
GROSS MARGIN                      7,354           -           (137)           -          8,646
                           ------------- ----------- -------------- ------------ --------------
EXPENSES
    Depreciation expense            425           -            265            -            425
    Bad debt expense                  -           -              -            -          5,949
    Selling, general and
     administrative              70,553      68,576         40,479       22,616        224,684
                           ------------- ----------- -------------- ------------ --------------
      Total Expenses             70,978      68,576         40,744       22,616        231,058
                           ------------- ----------- -------------- ------------ --------------
OPERATING LOSS                  (63,624)    (68,576)       (40,881)     (22,616)       222,412
                           ------------- ----------- -------------- ------------ --------------
OTHER INCOME (EXPENSES)

    Other expenses                 (179)          -              -            -           (179)
    Interest income                 305           -             62            -            457
                           ------------- ----------- -------------- ------------ --------------
      Total Other Income
      (Expenses)                    126           -             62            -            278
                           ------------- ----------- -------------- ------------ --------------
NET LOSS                   $    (63,498) $  (68,576) $     (40,819) $   (22,616) $    (222,134)
                           ============= =========== ============== ============ ==============
BASIC LOSS PER SHARE       $      (0.01) $    (0.01) $       (0.01) $     (0.00)
                           ============= =========== ============== ============
BASIC WEIGHTED AVERAGE
 SHARES                       8,000,000   6,000,000      8,000,000    6,000,000
                           ============= =========== ============== ============

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

                                      4
</TABLE>
<PAGE>
<TABLE>
<CAPTION>


                          LIVING CARD COMPANY, INC.
                        (A Development Stage Company)
                     Statements of Stockholders' Equity
           From Inception on May 8, 1998 through December 31, 1999

                                                                                   Deficit
                                                                                   Accumulated
                                                          Additional  Stock        During the
                                    Common Stock          Paid-in     Subscription Development
                                  Shares        Amount    Capital     Receivable   Stage
                                  ----------- ----------- ----------- ------------ ------------
<S>                               <C>         <C>         <C>         <C>          <C>
Balance at inception on
 May 8, 1998                               -  $        -  $        -  $         -  $         -

Issuance of 6,000,000 shares
 of common stock for cash at
 approximately $0.001 per share     6,000,000      6,000      (1,000)           -            -

Contributed capital                        -           -       5,006            -            -

Net loss for the year ended
 June 30, 1998                             -           -           -            -      (11,820)
                                  ----------- ----------- ----------- ------------ ------------
Balance, June 30, 1998              6,000,000      6,000       4,006            -      (11,820)

Issuance of 2,000,000 shares
 of common stock for cash at
 $0.10 per share                    2,000,000      2,000     198,000      (85,000)           -

Stock offering costs                        -          -     (30,754)           -            -

Contributed capital                         -          -      68,323            -            -

Net loss for the year ended
 June 30, 1999                              -          -           -            -     (146,816)
                                  ----------- ----------- ----------- ------------ ------------
Balance, June 30, 1999              8,000,000      8,000     239,575      (85,000)    (158,636)

Receipt of stock subscription
 (unaudited)                                -          -           -       84,250            -

Net loss for the six months
 ended December 31, 1999
 (unaudited)                                -          -           -            -      (63,498)
                                  ----------- ----------- ----------- ------------ ------------
Balance, December 31, 1999
 (unaudited)                        8,000,000 $    8,000  $  239,575  $      (750) $  (222,134)
                                  =========== =========== =========== ============ ============

 The accompanying notes are an integral part of these financial statements.
                                      5
</TABLE>
<PAGE>
<TABLE>
<CAPTION>


                          LIVING CARD COMPANY, INC.
                        (A Development Stage Company)
                          Statements of Cash Flows
                                 (Unaudited)
                                                                                         From
                                                                                         Inception on
                                                                                         May 8, 1998
                                   For the Six Months Ended  For the Three Months Ended  Through
                                        December 31,              December 31,           December 31,
                                      1999           1998     1999              1998     1999
                                   ------------- ----------- -------------- ------------ -------------
<S>                                <C>           <C>         <C>            <C>          <C>
CASH FLOWS FROM OPERATING ACTIVITIES

  Net loss                         $    (63,498) $  (68,576) $     (40,819) $   (22,616) $   (222,134)
  Adjustments to reconcile net
   loss to net cash used by
   operating activities:
     Depreciation expense                   425           -            265            -           425
     Allowance for bad debt              (1,550)          -         (1,550)           -         4,399
  Changes in operating assets
   and liabilities:
     Increase (decrease) in accounts
      payable and accounts payable
      related party                     (14,870)     18,397         12,976         (695)       32,976
     (Increase)in accounts receivable     3,821      (1,680)        15,948        7,801        (5,764)
     (Increase) decrease in inventory    (2,514)    (39,416)        (5,976)           -       (41,029)
                                   ------------- ----------- -------------- ------------ -------------
      Net Cash Used by Operating
      Activities                        (78,186)    (91,275)       (19,156)     (15,510)     (231,127)
                                   ------------- ----------- -------------- ------------ -------------
CASH FLOWS FROM INVESTING ACTIVITIES

  Furniture and equipment                (3,184)          -              -            -        (3,184)
                                   ------------- ----------- -------------- ------------ -------------
    Net Cash Used by Investing
    Activities                           (3,184)          -              -            -        (3,184)
                                   ------------- ----------- -------------- ------------ -------------
CASH FLOWS FROM FINANCING ACTIVITIES

  Payment on note payable -
   related party                        (20,000)     (5,000)             -            -      (110,000)
  Note payable - related party            9,000      60,000          9,000            -        99,000
  Common stock issued for cash           84,250           -              -            -       204,250
  Additional capital contributed              -      10,000              -       10,000        73,329
  Stock offering costs                        -           -              -            -       (30,754)
                                   ------------- ----------- -------------- ------------ -------------
    Net Cash Provided by Financing
    Activities                     $     73,250  $   65,000  $       9,000  $    10,000  $    235,825
                                   ------------- ----------- -------------- ------------ -------------

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

                                       6
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                           LIVING CARD COMPANY, INC.
                         (A Development Stage Company)
                     Statements of Cash Flows (Continued)
                                  (Unaudited)

                                                                                         From
                                                                                         Inception on
                                                                                         May 8, 1998
                                   For the Six Months Ended  For the Three Months Ended  Through
                                        December 31,              December 31,           December 31,
                                      1999           1998     1999              1998     1999
                                   ------------- ----------- -------------- ------------ -------------
<S>                                <C>           <C>         <C>            <C>          <C>
NET (DECREASE) INCREASE IN CASH    $     (8,120) $  (26,275) $     (10,156) $    (5,510) $      1,514

CASH AND CASH EQUIVALENTS AT
  BEGINNING OF PERIOD                     9,634      26,586         11,670        5,821             -
                                   ------------- ----------- -------------- ------------ -------------
CASH AND CASH EQUIVALENTS AT
  END OF PERIOD                    $      1,514  $      311  $       1,514  $       311  $      1,514
                                   ============= =========== ============== ============ =============

SUPPLEMENTAL DISCLOSURE OF
  CASH FLOW INFORMATION:

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

  The accompanying notes are an integral part of these financial statements.
                                       7
</TABLE>
<PAGE>


                    LIVING CARD COMPANY, INC.
                  (A Development Stage Company)
                Notes to the Financial Statements
                        December 31, 1999


NOTE 1 -    CONDENSED FINANCIAL STATEMENTS

    The accompanying financial statements have been prepared by the Company
without audit.  In the opinion of management, all adjustments (which include
only normal recurring adjustments) necessary to present fairly the financial
position, results of operations and cash flows at December 31, 1999 and 1998
and for all periods presented have been made.

    Certain information and footnote disclosures normally included in
financial statements prepared in accordance with generally accepted accounting
principles have been condensed or omitted.  It is suggested that these
condensed financial statements be read in conjunction with the financial
statements and note thereto included in the Company's December 31, 1999
audited financial statements.  The results of operations for periods ended
December 31, 1999 and 1998 are not necessarily indicative of the operating
results for the full years.

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 operations to date,
nor does it have an established source of revenues sufficient to allow it to
continue as a going concern.  It is the intent of management to use a variety
of marketing strategies in order to compete in the greeting card business.  In
the interim, shareholders of the Company have committed to meeting its minimal
operating expenses.
                                8
<PAGE>

                             Part I

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

(1)    Caution Regarding Forward-Looking Information

    This quarterly report contains certain forward-looking statements and
information relating to the Company that are based on the beliefs of the
Company or management as well as assumptions made by and information currently
available to the Company or management.  When used in this document, the words
"anticipate," "believe," "estimate," "expect" and "intend" and similar
expressions, as they relate to the Company or its management, are intended to
identify forward-looking statements.  Such statements reflect the current view
of the Company regarding future events and are subject to certain risks,
uncertainties and assumptions, including the risks and uncertainties noted.
Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially
from those described herein as anticipated, believed, estimated, expected or
intended.  In each instance, forward-looking information should be considered
in light of the accompanying meaningful cautionary statements herein.

(2)    Plan of Operations

    The Living Card Company, Inc. (the "Company") was organized as a Nevada
corporation on May 8, 1998, to engage in the creation, development and
marketing of unique, educational and low-cost "garden" greeting cards.   Upon
organization, the Company's officers and directors, John F. Lund and R. Blair
Lund, transferred to the Company all of their rights to certain self-contained
greeting cards which were designed, created and developed by them over the
preceding two years.  The officers also contributed capital to the Company,
for the purpose of further developing a unique line of "garden" greeting cards
with a variety of plants or flowers in a package which can be shipped via U.S.
mail.

    The Company has completed the development of a line of products, produced
an initial inventory of products, and, over the past few months, commenced
marketing efforts.  The Company's plan of operations has been, and continues
to be, to develop a niche for its unique products in the greeting card
industry, through the establishment of a network of distributors throughout
the United States, and by the marketing and distribution of its products to
grocery stores, gift and specialty stores and other retail stores.  To achieve
these objectives, shortly following organization, the Company began efforts to
raise capital through a public offering pursuant to Form SB-1, to provide the
Company with operating capital to fund the further development, production and
marketing of its products.  The offering, which was declared effective on
April 22, 1999, was completed in the beginning of July, 1999, resulting in the
sale of a total of 2,000,000 shares of common stock, for gross proceeds of
$200,000 and net proceeds after offering costs, of approximately $168,000.  Of
such amount, gross proceeds of $115,000 were received prior to the year ended
June 30, 1999, and the balance of such proceeds, of $85,000, were received by
the Company during the quarter ended September 30, 1999.

                                9
<PAGE>

    As indicated, the Company's plan of operations over the next year, is to
actively market its line of  "garden" greeting cards in the United States and
Canada.  As planned, the Company hopes to accomplish this objective through
(a) continued efforts to establish a network of qualified distributors in the
United States and Canada, which are able to place the Company's product line
in grocery stores, gift and specialty stores and other retail operations; (b)
the direct marketing of the Company's product line through various retail
markets, including convenience stores, fundraising efforts, gift and specialty
stores and direct sale through a toll-free number and via a Company website.
As sales of the Company's existing product line increase, the Company also
plans to develop additional "garden" greeting card products.

    The Company has initially established a contractual relationship with a
number of distributors involved in marketing products in this industry in the
United States and Canada.  The Company will seek to enter into additional
distributor arrangements with other carefully selected distributors in the
industry, over the next several months.

    The Company has required more capital than anticipated for necessary
start-up costs, and it may be anticipated that additional capital will be
necessary before the Company's operations become profitable, if ever.   The
Company has limited capital, even after its public offering, and there can be
no assurance the Company will be able to satisfy its cash requirements over
the next six months, unless the Company is able to achieve profits from
operations, or the Company is able to raise additional capital.  If the
Company does not achieve profitable operations, of which there can be no
assurance, the Company may be required to raise additional debt or equity
capital to continue operations.  There can be no assurance the Company will be
able to raise additional capital when needed, or on terms favorable to the
Company.

    The Company plans to develop additional products over the next twelve
months, but does not anticipate that the development of such products will
involve substantial expense or effort by the Company.  Similarly, the Company
does not anticipate that it will be required to make any significant
expenditures of equipment, or any significant changes in overhead or
employees.

(3)    Results of Operations

    For the three six months ended December 31, 1999 and 1998, the Company had
nominal revenues of $9,597 and no revenue, respectively; expenses of $70,978
and $68,576, respectively, resulting in net losses of $63,498 and $68,576,
respectively.  While a large part of the Company's losses may be attributed to
expenses incurred and only nominal revenues realized in the start-up stage
since inception on May 8, 1998, there can be no assurance the Company will not
continue to experience similar losses over the next several months.

(4)    Liquidity and Capital Resources

    At December 31, 1999, the Company had total assets of $46,667, and
liabilities of $21,976, and stockholders' equity of $24,691.   Current assets
as of December 31, 1999, consist of  cash in the amount of $1,514; accounts
receivable in the amount of $1,365; and inventory in the amount of $41,029.
At the fiscal year ended June 30, 1999, the Company had total assets of
$51,785, total current liabilities of $47,846, and stockholders' equity of
$3,939.

                                10
<PAGE>

                   Part II - Other Information

Item 1 - Legal Proceedings

    None.

Item 2 - Changes in Securities and Use of Proceeds

    During the quarter ended September 30, 1999, the Company has not modified
any of the rights of the holders of common stock, nor has the Company issued
any other class of securities, or taken any other action requiring disclosure
under this item.

    In the beginning of July, 1999, the Company completed a public offering of
2,000,000 shares of common stock, par value $0.001 per share, at an offering
price of $.10 per share, or a total offering of $200,000 (the "offering").
The Company's offering was conducted pursuant to a registration statement on
Form SB-1 ("registration statement"), S.E.C. File No. 333-63063, which was
declared effective by the U.S. Securities & Exchange Commission ("SEC") on
April 22, 1999.  The offering commenced shortly following the effective date,
and the Company received subscriptions for the entire offering of 2,000,000
shares of common stock by the end of June, 1999.  The offering was closed in
the beginning of July, 1999.  A total of $115,000 in proceeds were received by
the Company prior to the fiscal year ended June 30, 1999; the remaining
$85,000 in proceeds were received during the quarter ended September 30, 1999.

    The offering was offered and sold by the Company's officers and directors,
and the Company did not use the services of any underwriter firm or
broker-dealer firm in the offering, and no expenses were incurred for
underwriting discounts and commissions, finders' fees or other expenses to
underwriters.   The common stock offered and sold in the offering is not
convertible into any other securities of the Company.   The Company incurred
offering expenses in connection with the issuance and distribution of the
securities registered in the offering of approximately $30,750, resulting in
net proceeds of approximately $169,250.  None of such offering expenses were
direct or indirect payments to officers or directors, or their associates.
From the effective date of the Company's registration statement through the
quarter ended September 30, 1999, the Company has utilized the net proceeds of
the offering for the repayment of the sum of $85,000 in indebtedness to John
Lund, an officer; for general and administrative expenses in an amount
estimated at $24,000; for marketing and promotional expenses in an amount
estimated at $24,000; for management compensation in an amount estimated at
$28,000; and for the purchase of product materials and equipment of
approximately $7,000.  Costs of materials, supplies and product costs have
been less than anticipated in the Company's use of proceeds allocation, as
such costs were covered by other funds available to the Company.

    None of such expenses, except as indicated above, were direct or indirect
payments to officers or directors, or their associates.  The Company does not
believe that the use of proceeds described above represents a material change
in the use of proceeds described in the Company's prospectus included as part
of the registration statement.

                                11
<PAGE>


Item 3 - Defaults on Senior Securities

    None.

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

    During the period covered by this report, the Company did not submit any
matters to a vote of its security holders, either through the solicitation of
proxies or otherwise.

Item 5 - Other Information

    None.

Item 6 - Exhibits and Reports on Form 8-K

    None.

                                12
<PAGE>

                            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.

                        THE LIVING CARD COMPANY, INC.


February 22, 2000        /s/ John F. Lund
                        ------------------------------
                            John F. Lund
                            Principal Executive Officer

                        THE LIVING CARD COMPANY, INC.


February 22, 2000        /s/ R. Blair Lund
                        ------------------------------
                             R. Blair Lund
                             Secretary/Treasurer