FORM 10-QSB

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

     For the quarterly period ended September 30, 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) 393-4268

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:

                             September 30, 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

            September 30, 2001 and December 31, 2000
<PAGE>
<TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                          Balance Sheets
<CAPTION>

                              ASSETS

                                              September 30,   December 31,
                                                   2001        2000
                                                 (Unaudited)
<S>                                              <C>          <C>
CURRENT ASSETS

 Cash                                     $              2,362 $     9,280

  Total Current Assets                                   2,362       9,280

FIXES ASSETS (NET)                                       3,224       3,915

  TOTAL ASSETS                            $              5,586 $    13,195

               LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

 Accounts payable                         $              1,824 $     1,554

  Total Current Liabilities                              1,824       1,554

  TOTAL LIABILITIES                                      1,824       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      (36,038)    (28,159)

  Total Stockholders' Equity                             3,762      11,641

  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY        $    5,586  $   13,195
</TABLE>
The accompanying notes are an integral part of these financial statements.
                                2
<PAGE>
<TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                     Statements of Operations
                           (Unaudited)
<CAPTION>
                                                                    From
                                                                 Inception on
                                For the            For the         March 17,
                           Three Months Ended Nine Months Ended  1999 Through
                              September 30,      September 30,   September 30,
                          2001          2000   2001       2000        2001
<S>                   <C>          <C>       <C>        <C>       <C>
REVENUES               $       -    $     -   $    150   $   150   $    300

EXPENSES

 General and
 administrative            1,492      1,250      8,029     7,768     36,338

  Total Expense            1,492      1,250      8,029     7,768     36,338

NET LOSS               $  (1,492)   $(1,250)  $ (7,879)  $(7,618)  $(36,038)

BASIC LOSS PER SHARE       (0.00)     (0.00)     (0.00)    (0.00)

BASIC WEIGHTED AVERAGE
 SHARES                2,348,000  2,348,000  2,348,000 2,348,000
</TABLE>
The accompanying notes are an integral part of these financial statements.
                                3
<PAGE>
<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 nine months
ended September 30, 2001
(unaudited)                        -         -          -        (7,879)

Balance, September 30, 2001
(unaudited)                  2,348,000  $  2,348  $  37,452    $(36,038)
</TABLE>
The accompanying notes are an integral part of these financial statements.
                                4
<PAGE>
<TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                     Statements of Cash Flows
                           (Unaudited)
<CAPTION>
                                                                    From
                                                               Inception on
                                                                 March 17,
                                 For the Nine Months Ended      1999 Through
                                      September 30,             September 30,
                                 2001                2000          2001
<S>                              <C>             <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES

Net (loss)                        $      (7,879)  $   (7,618)   $  (36,038)
Adjustments to reconcile loss from
 operations to net cash used by
 operating activities:
   Depreciation                             691          461         1,381
 Change in operating assets and
 liabilites:
   (Decrease) in accounts payable           270       (3,547)        1,824

       Net Cash (Used) by
       Operating Activities              (6,918)     (10,704)      (32,833)

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                       (6,918)     (15,309)        2,362

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

CASH AND CASH EQUIVALENTS AT END
 OF PERIOD                              $ 2,362     $ 10,290     $   2,362

CASH PAID FOR:

Interest                                $     -     $      -     $       -
Income taxes                            $     -     $      -     $       -
</TABLE>
                                5
<PAGE>
                      HIGHWAY ONE-OWEB, 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 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.
                                6
<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.  During the September 30, 2001, quarter, the Company
compiled a mailing list of new local businesses.  During the quarterly period
ended December 31, 2001, the Company plans to mail its brochure to these
businesses and to place it at points of sale in local computer retail outlets.

Results of Operations.

          During the quarterly period ended September 30, 2001, the Company
received $0 in revenues.  During that period, our total expenses were $1,492.
For the nine months ended September 30, 2001, the Company received $150 in
revenues and had expenses of $8,029. Total expenses during the period from
inception on March 17, 1999 through June 30, 2001, were $36,338; the Company
has incurred net losses of ($1,492), ($7,879) and ($36,038) during the three
months ended September 30, 2001, the nine months ended September 30, 2001, and
during the period from inception on March 17, 1999 through September 30, 2001,
respectively.

Liquidity.

          At September 30, 2001, the Company had total current assets of
$2,362 and total liabilities of $1,824.  Management believes that its cash on
hand of $2,362 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: 11-14-01                          By: /s/ Pete Chandler
     ----------                            --------------------
                                           Pete Chandler
                                           Director and President