SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C.  20549

                                FORM 10-QSB
(Mark One)

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

                      For the quarterly period ended
                            September 30, 1999

                                    OR

[ ]           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 0-25275

                        VAN AMERICAN CAPITAL, LTD.
          (Exact name of registrant as specified in its charter)


Nevada                                       91-1918742
(State or other jurisdiction of                   (I.R.S. Employer
incorporation or organization)                    Identification No.)


8434 Kreiner Way
Santee, CA                                        92071
(Address of principal executive offices      (zip code)

                              (619) 449-6798
           (Registrant's telephone number, including area code)


      Indicate  by check mark whether the registrant (1) filed all  reports
required to be filed by Section 13 or 15(d) of the Securities Exchange  Act
of  1934  during  the last 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.

                             Yes   X       No


Indicate  the number of shares outstanding of each of the issuer's  classes
of common equity, as of the latest practicable date.

      Class                                 Outstanding at
                                            September 30, 1999

Common Stock, par value $.001                   22,715,000

<PAGE>
<TABLE>
ITEM 1.  FINANCIAL STATEMENTS

                        VAN AMERICAN CAPITAL, LTD.
                       (A DEVELOPMENT STAGE COMPANY)
                               Balance Sheet
                            September 30, 1999
                                (Unaudited)

                                  ASSETS

<S>                                                          <C>
Cash                                                            $       40
                                                              ------------
TOTAL CURRENT ASSETS                                            $       40
                                                              ------------
Other Assets
Organization Cost (NET)                                        $       651
                                                              ------------
TOTAL OTHER ASSETS                                             $       651
                                                              ------------
TOTAL ASSETS                                                     $     691
                                                              ============
</TABLE>
<TABLE>
                   LIABILITIES AND STOCKHOLDERS' EQUITY
<S>                                                         <C>
CURRENT LIABILITIES                                            $         -
                                                              ------------
TOTAL CURRENT LIABILITIES                                      $         -
                                                              ------------

STOCKHOLDERS' EQUITY

Common Stock
PAR VALUE, $.001
Authorized 50,000,000 shares
Issued and outstanding at

September 30, 1999-
22,715,000 shares                                                  $22,715

Additional Paid-In Capital                                        (14,215)

Deficit accumulated during
Development stage                                                  (7,809)
                                                              ------------
TOTAL STOCKHOLDERS' EQUITY                                       $     691
                                                              ------------
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY                                             $     691
                                                              ============
</TABLE>
<PAGE>
<TABLE>

                        VAN AMERICAN CAPITAL, LTD.
                       (A DEVELOPMENT STAGE COMPANY)

                          Statement of Operations
                                (Unaudited)
                                                           For the Three
                                                           Months Ended
                                                           September 30,
                                                               1999
<S>                                                        <C>
INCOME
Revenue                                                       $          0
                                                             -------------
EXPENSES
General and Administrative                                      $      804
Amortization                                                            43

                                                             -------------
TOTAL EXPENSES                                                  $      847
                                                             -------------
NET LOSS                                                        $    (847)
                                                             =============
NET LOSS PER SHARE                                              $    (.00)
                                                             =============
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING            22,715,000
                                                             =============
</TABLE>
<PAGE>
<TABLE>
                        VAN AMERICAN CAPITAL, LTD.
                       (A DEVELOPMENT STAGE COMPANY)

                          Statement of Cash Flows
                                (Unaudited)
                                                          For the Three
                                                           Months Ended
                                                           September 30,
                                                               1999
<S>                                                       <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss                                                   $         (847)
Amortization                                                            43

Adjustment to
Reconcile net loss
To net cash provide
by Operating
Activities                                                               0



                                                            --------------
NET CASH USED IN
OPERATING ACTIVITIES                                                $(804)

CASH FLOWS FROM
INVESTING ACTIVITIES


CASH FLOWS FROM
FINANCING ACTIVITIES



                                                           ---------------
Net Increase (decrease) cash                               $         (804)

Cash,
Beginning of period                                                    844
                                                           ---------------
Cash, End of Period                                           $         40
                                                           ---------------
</TABLE>
<PAGE>

1.   Management's Opinion

In the opinion of management, the accompanying financial statements contain
all  adjustments necessary to present fairly the financial position of  the
company  as  of  September 30, 1999 and the results of operations  for  the
period from July 1, 1999 through September 30, 1999 and changes in cash for
the period from July 1, 1999 through September 30, 1999.

2.   Interim Reporting

The  results  of  operations  for the period  from  July  1,  1999  through
September  30,  1999 are not necessarily indicative of the  results  to  be
expected for the remainder of the year.

3.   Organization and Summary of Significant Accounting Policies

Organization and Nature of Operations

The  Company was incorporated in Nevada on July 23, 1998. The Company is  a
development stage company and has not conducted any business activities  to
date.

4.   Basis of Accounting

The  Company's  policy is to use the accrual method of  accounting  and  to
prepare  and  present  financial  statements  which  conform  to  generally
accepted accounting principles. The preparation of financial statements  in
conformity   with   generally  accepted  accounting   principles   requires
management  to  make  estimates and assumptions that  affect  the  reported
amounts  of assets and liabilities and disclosure of contingent assets  and
liabilities at the date of the financial statements and reported amounts of
revenues  and  expenses during the reporting periods. Actual results  could
differ from those estimates.

5.   Cash and equivalents

For  purpose of the statements of cash flows, all highly liquid investments
with  a  maturity  of  three  months or less  are  considered  to  be  cash
equivalents. There were no cash equivalents as of September 30, 1999.

6.   Income Taxes

Income  taxes are provided for using the liability method of accounting  in
accordance with Statement of Financial Accounting Standards No.  109  (SFAS
109),  "Accounting for Income Taxes." A deferred tax asset or liability  is
recorded for all temporary differences between financial and tax reporting.
Deferred tax expense (benefit) results from the net change during the  year
of deferred tax assets and liabilities.

<PAGE>

PART 1    FINANCIAL INFORMATION

Management's Plan of Operations

The  Company  maintains  a  cash balance sufficient  to  sustain  corporate
operations until such time as Management can raise the funding necessary to
advance  its business plan. The losses through September 1999 were  due  to
start-up  fees  and product development expenses. Sales  of  the  Company's
equity securities have allowed the Company to maintain a positive cash flow
balance.

During  the  next  twelve months, Management's business  plan  is  for  the
Company  to  manufacture and sell 50,000 board games. For the  next  twelve
months,  the Company plans to raise $300,000 to $500,000 in capital through
the  sale of equities, via a private placement. The Company intends to  use
this capital to fund the Company's business plan as cash flow from sales is
estimated  to  begin near the end of the next nine months or in  the  first
part  of  the succeeding year. The Company will face considerable  risk  in
each  of its business plan steps, such as cost overruns, production delays,
a  lack  of sufficient product sales, or a lack of sufficient funding  from
the  equity  securities market. Without adequate equity funding or  product
sales  during the next twelve months, the Company will be forced  to  delay
its  business  plan  and rely on its existing cash in the  bank  and  funds
loaned by the directors and officers.

The  Company  has no current plans for any product research or development.
The  Company does not expect to purchase or sell any significant amount  of
plant  or equipment. There are no plans to make any significant changes  in
the number of Company employees.

PART II   OTHER INFORMATION

ITEM 1    Not applicable.

ITEMS 2-4:     Not applicable

ITEM 5    Information required in lieu of Form 8-K:    None

ITEM 6    Exhibits and Reports on 8-K:  None
<PAGR>


                                SIGNATURES

Pursuant  to the requirements of the Securities Exchange Act of 1934,  this
Report  has  been signed below by the following persons on  behalf  of  the
Registrant and in the capacities and on the date indicated.


Dated: October 1, 1999        By:/s/ Jeanette Huntley
                                 -------------------------------
                                 Jeanette Huntley
                                 President and
                                 Chief Executive Officer