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

                                    FORM 10-Q

(Mark One)


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

     For  quarterly period ended March 31, 2000

     TRANSITION REPORT  PURSUANT TO SECTION 13 OR 15 (d) OF THE  SECURITIES
     EXCHANGE ACT OF 1934

     For  the transition period from January 1, 2000 to March 31, 2000


Commission file number:  001-14889


                           INTERNET FOOD COMPANY, INC.
                           ---------------------------
             (exact name of registrant as specified in its charter)


        Nevada                                              88-0390657
        ------                                              ----------
(State or other jurisdiction of                (IRS Employer Identification No.)
incorporation or organization)

631-a Cass  Street, Suite 181, Monterey, California                  93940
---------------------------------------------------                  -----
(Address of principal executive offices)                           (Zip Code)

Registrant's telephone number, including area code:    (831) 647-8553



Indicate  by check  mark  whether  the  registrant:  (1) has filed  all  reports
required by Section 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 for the
past 90 days. X Yes No

The number of shares of the  Registrant's  Common Stock,  $.001 par value, as of
March 31, 2000 was 17,780,695 outstanding.

<PAGE>

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.


HAWKINS ACCOUNTING
CERTIFIED PUBLIC ACCOUNTANT
                                              341 MAIN STREET - SALINAS CA 93901
                                               (831) 758-1694 FAX (831) 758-1699



To the Board of Directors and Shareholders
Internet Food Company, Incorporated
Monterey, California


I have  reviewed  the  accompanying  balance  sheet of  Internet  Food  Company,
Incorporated as of March 31 2000 and 1999, and the related  statements of income
and  shareholders'  equity and cash flows for the three  months then  ended,  in
accordance  with  Statements on Standards  for  Accounting  and Review  Services
issued  by  the  American  Institute  of  Certified  Public   Accountants.   All
information  included in these financial statements is the representation of the
management of Internet Food Company, Incorporated.

A review consists  principally of inquiries of Company  personnel and analytical
procedures  applied to financial data. It is substantially less in scope than an
audit in accordance with generally accepted auditing standards, the objective of
which is the expression of an opinion  regarding the financial  statements taken
as a whole. Accordingly, I do not express such an opinion.

Based on my review, I am not aware of any material  modifications that should be
made to the  accompanying  financial  statements and the  cumulative  results of
operations  and cash flows in order for them to be in conformity  with generally
accepted accounting principles.



/s/ Hawkins Accounting
----------------------
May 12, 2000

<PAGE>


                           INTERNET FOOD COMPANY, INC.
                                  BALANCE SHEET
                             March 31, 2000 and 1999


<TABLE>
                                     ASSETS
<CAPTION>
                                                                          2000                    1999
                                                                          ----                    ----
<S>                                                                       <C>                     <C>
  Current assets
       Cash and cash equivalents                                          $         143           $         4,991
       Accounts receivable-trade                                                      0                        97
       Accounts receivable-barter                                                 1,350                     6,744
       Due from affiliate                                                           100                       100
       Inventory                                                                    460                     4,905
            Total current assets                                                  2,053                    16,837
  Equipment
       Equipment                                                                    700                       700
       (Less) Accumulated depreciation                                              150                      (50)
                                                                                    550                       650
  Other assets
       Trade name                                                                 6,050                     6,050
  Total assets                                                            $       8,653           $        23,537

                                  LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities
       Accounts payable                                                          $ 4,235          $         1,626
       Note payable-R. Strahl                                                      2,650                    2,575
       Note payable-Monterey Ventures                                             10,913                    4,780
       State corporate tax payable                                                   400                    1,600
            Total current liabilities                                             18,198                   10,581
Shareholders' equity
       Capital stock, par value $ .10, 50,000,000 authorized
            17,780,695 shares issued and outstanding                           1,778,070                1,778,070
       Paid in capital                                                       (1,645,670)              (1,645,870)
       Common stock offering costs                                               (6,150)                  (6,150)
       Retained earnings                                                         135,795                (113,294)
            Total shareholders' equity                                           (9,545)                   12,956
Total liabilities and shareholders' equity                                        $8,653          $        23,537

</TABLE>

              See accompanying notes and accountant's review report


<PAGE>

                           INTERNET FOOD COMPANY, INC.
                             STATEMENT OF OPERATIONS
               For the three months ended March 31, 2000 and 1999

<TABLE>
<CAPTION>
                                                                               2000                      1999
                                                                               ----                      ----
<S>                                                                            <C>                      <C>
       Sales                                                                   $       1,503            $      10,429
       Cost of sales
            Beginning inventory                                                           891                     4,905
            Purchases                                                                     479                     7,033
            Supplies                                                                      101                       246
            Total available for sale                                                    1,471                    12,184
                 (Less) ending inventory                                                  460                   (4,905)
                      Total cost of goods sold                                          1,011                     7,279
       Gross profit                                                                      4.92                     3,150
       operating expenses
            Advertising                                                                   214                        31
            Bank charges                                                                   48                       527
            Consulting fees                                                               400                    22,231
            Depreciation                                                                                             50
            Dues and subscriptions                                                        438
            Equipment lease
                                                                                                                  2,937
            License and permits                                                                                      46
            Management fees                                                                                       6,500
            Office expense                                                                  33                      869
            Postage and delivery                                                           639                      679
            Professional fees                                                                                     8,755
            Rent                                                                           900                    1,515
            Travel and entertainment                                                                                818
            Telephone                                                                      680                      332
                     Total operating expenses                                            3,352                   45,290
                     Loss from operations                                               (2,860)                 (42,140)
       Other income and (expense)
            Loss on sale of investments                                                                            (499)
            Interest expense                                                                                       (585)
                                                                                             0                   (1,084)
       Loss prior to Income taxes                                                       (2,860)                 (43,224)
       State corporate income tax                                                          840                      800
       Net loss                                                               $          3,660          $       (44,024)
       Loss per common share                                                  $       ($0.0002)         $      (0 .0026)
       Weighted average
            of shares outstanding                                                   17,760,695               17,148,222

</TABLE>

              See accompanying notes and accountant's review report


<PAGE>

                           INTERNET FOOD COMPANY, INC.
                        STATEMENT OF SHAREHOLDERS` EQUITY
                             March 31, 2000 and 1999

<TABLE>
<CAPTION>


                                           Common Stock                  Paid in           Offering       Retained
                                      Shares           Amount            Capital           Costs          Earnings
                                      ------           ------            -------           -----          --------
<S>                                   <C>              <C>               <C>               <C>            <C>
Balance,
 December 31, 1998                    16,167,695       $ 1,616,770       $ (1,552,070)     $ (6,150)      $ (69,270)
Options issued                         1,040,000           104,000            (93,600)
Stock issued                             573,000            57,300
Net loss for the period                                                                                      44,024

                                      17,780,695       $ 1,778,070       $ 1,645,1370      $  6,150       $(113,294)

Balance,
 December 31, 1999                    17,780,695       $ 1,778,070       $ (1,645,670)     $ (6,150)      $(132,135)
Net loss for the period                                                                                      (3,660)
                                      17,780,695       $ 1,778,070       $ (1 645,670)     $  6,150       $ 135,795

</TABLE>

              See accompanying notes and accountant's review report


<PAGE>

                           INTERNET FOOD COMPANY, INC.
                    STATEMENT OF GASH FLOWS - INDIRECT METHOD
               For the three months ending March 31, 2000 and 1999

<TABLE>
<CAPTION>

<S>                                                             <C>                     <C>
Cash flows from operating activities
     Net loss                                                   $     (3,660)               (44,024)
     Adjustments to reconcile net income to net cash
        provided by operating activities
        Depreciation expense                                                                     50
       (increase) Decrease in current assets                             826                   (365)
        Increase (Decrease) in current liabilities                     2,405                (20,329)
Net cash provided by operating activities                               (429)               (64,668)
Financing activities
    Sale of common stock                                                                     67,700

Cash provided by financing activities                                                        67,700

Increase (Decrease) in cash and cash equivalents                        (429)                 3,032
Cash and cash equivalent at beginning of the year                        572                  1,959
Cash and cash equivalent at end of the year                      $       143                  4,991

Supplemental disclosure of financing activities
    Interest paid                                                $         0                    585

</TABLE>

               See accompanying notes to the financial statements


<PAGE>


                           INTERNET FOOD COMPANY, INC.
                        NOTES TO THE FINANCIAL STATEMENTS
                             March 31, 2000 and1999


NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     Nature of the  business - Internet  Food  Company,  Inc. was formed to sell
     retail  gourmet  and  specialty  cheese  on the  internet  and at a  retail
     location.  The  Company  was  incorporated  under  the laws of the State of
     Nevada on April 14,  1998.  The  Company is  currently  doing  business  as
     California Cheese Connection.

     Pervasiveness  of estimates - 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  the  reported
     amounts of  revenues  and  expenses  during the  reporting  period.  Actual
     results could differ from those estimates.

     Cash and cash equivalents - For financial statement  presentation purposes,
     the Company  considers all short term  investments  with a maturity date of
     three months or less to be cash equivalents.

     Inventories  -  Inventories  are  recorded  at the lower of cost or market,
     using the first-in,  first-out method.  Inventories  consist principally of
     cheeses and specialty food items.

     Bad debts and accounts  receivable - No allowance for doubtful accounts has
     been recorded as management believes all amounts to be fully collectible.

     Equipment - Equipment  is  recorded  at cost.  Maintenance  and repairs are
     expensed as incurred;  major renewals and betterments are  capitalized.  As
     the equipment on the balance sheet was purchased at year-end,  no provision
     for depreciation is made in the current year.

     Income   taxes  -  Income  taxes  are  provided  for  the  tax  effects  of
     transactions  reported  in the  financial  statements  and consist of taxes
     currently due plus deferred taxes related primarily to differences  between
     the  recorded  book  basis  and tax  basis of assets  and  liabilities  for
     financial and income tax reporting. The deferred tax assets and liabilities
     represent the future tax return  consequences of those  differences,  which
     will either be taxable or deductible  when the assets and  liabilities  are
     recovered or settled.  Deferred  taxes are also  recognized  for  operating
     losses that are available to offset future  taxable  income and tax credits
     that are available to offset future federal income taxes.



<PAGE>

                           INTERNET FOOD COMPANY, INC.
                        NOTES TO THE FINANCIAL STATEMENTS
                             March 31, 2000 and 1999


NOTE 2 ACCOUNTS RECEIVABLE

     Accounts receivable-Trade - Accounts receivable trade consists primarily of
     sales to hotels and corporations purchasing gift baskets. At March 31, 1999
     the total was $97.  Terms of all sales to these  customers are net 30 days.
     As of March 31, 2000, there were no accounts receivable.

     Accounts receivable-Barter - The Company is involved with an exchange group
     whereby goods and services are  bartered.  The  individual  members of this
     group  purchase  goods from  another  member  and a voucher is written  for
     payment of the goods or services provided. The Company then has a credit to
     purchase  goods and services  from other  members of the barter  group.  At
     March 31, 1999 the balance  that the Company is owed in goods and  services
     was $ 6,744.  The Company uses the barter to purchase  goods and  services.
     For the period ending March 31, 1999 the total amount recorded as sales was
     $ 4,297 and $ 1,994 was recorded as purchase of goods and  services.  As of
     March 31, 2000 the balance of the barter receivable account is 1,350.

NOTE 3 NOTES PAYABLE

     The notes payable are from  shareholders of the Company.  The notes are for
     working  capital until the Company  becomes  profitable.  The notes will be
     repaid from operations when there is sufficient  working capital.  Interest
     is being charged at 1% a month.  Total amount of borrowings  for the period
     ended  March  31,  1999 was $  4,780.  The  Company  paid  off  prior  year
     borrowings  of $ 12,990.  As of March 31, 2000 there were  $13,563 of short
     term borrowings from related parties.

NOTE 4 COMMON STOCK

     Common  stock - During the period  ended  March 31,  1999,  pursuant  to an
     exemption  under Rule 504 of Regulation D of the Securities Act of 1933, as
     amended  (the  Act),   the  Company  sold  solely  to   accredited   and/or
     sophisticated  investors,  its common stock.  Each share has a par value of
     $.10.  There were twenty  different  transactions  to  different  investors
     raising a total of $ 67,700 during the year period ended March 31, 1999.

     Paid in capital - At incorporation  the Company issued 15,385,000 shares of
     common stock with a fair value of $0.1 in payment of services.  This amount
     is shown as a negative paid in capital amount since consideration was given
     in the form of  services  at the time of  incorporation  and no amount  was
     reflected on the Company?s books for the consideration.

     The Company also issued 135,695 shares of common stock with a fair



<PAGE>

                           INTERNET FOOD COMPANY, INC.
                       NOTES TO THE FINANCIAL STATEMENTS
                            March 31, 2000 and 1999

NOTE 4 (con't)

     Paid in capital  (con't) - value of $.10 to three  individuals.  The shares
     were given to these individuals for advancing the Company money for working
     capital purposes. These transactions occurred during the prior year.

NOTE 5 RELATED PARTY TRANSACTIONS

     On August 1, 1998 the Company  entered into an agreement with a shareholder
     to provide investment-banking  services. During the period ending March 31,
     1999 the  shareholder  advanced the Company $ 4,780 for  operations.  There
     were no repayments on the advances.

     As previously  discussed,  the Company entered into agreements with some of
     its  shareholders to provide bridge loans for continuing  operations of the
     Company.  Total proceeds from the borrowings were $ 15,490 during the prior
     year.  The  Company  repaid $ 12,990 of the loans  during  the  three-month
     period ending March 31, 1999.

     Various  shareholders of the Company have performed consulting services for
     which the  Company has paid them  consulting  fees.  For the period  ending
     March 31, 1999 this amount paid to the  shareholders  amounted to $ 17,536.
     Services include clerical support, rent, office supplies etc.

NOTE 6 INCOME TAXES

     The benefit for income taxes from  operations  consisted  of the  following
     components. Current tax benefit of $20,250 resulting from a net loss before
     income  taxes,  and  deferred  tax  expense of $20,250  resulting  from the
     valuation  allowance recorded against the deferred tax asset resulting from
     the net  operating  loss.  The change in the  valuation  allowance  for the
     period ending March 31, 2000 was $20,250.  Net operating loss carry forward
     will expire 2014.

     The  valuation  allowance  will  be  evaluated  at the  end of  each  year,
     considering  positive and negative evidence about whether the asset will be
     realized.  At the time the  allowance  will either be increased or reduced;
     reduction  could result in the  complete  elimination  of the  allowance if
     positive evidence  indicates that the value of the deferred tax asset is no
     longer required. It is management's position that the deferred tax asset be
     recorded when there is positive evidence it will be realized.




<PAGE>

                           INTERNET FOOD COMPANY, INC.
                       NOTES TO THE FINANCIAL STATEMENTS
                            March 31, 2000 and 1999

NOTE 7 STOCK OPTIONS

     On January 1, 1999 and  January 28,  1999 the Board of  Directors  voted to
     issue stock options to various individuals. The options are to be exercised
     at a price of $.01 per share. There were a total of 1,040,000 options to be
     exercised.  All options were  exercised  by the due date.  The options were
     granted for services rendered.

NOTE 8 MATERIAL ADJUSTMENTS

     Management  represents  that  all  material  adjustments  to the  financial
     statements have been made.


NOTE 9 GOING CONCERN

     As of March 31,  2000,  the Company has net losses since  inception,  which
     raises substantial doubt about its ability to continue as a going concern.

     Management  has  subsequently  been  able to get its  internet  site up and
     running.  This is expected to provide a dditional sales.  Also,  management
     has  stepped  up its  efforts  to  increase  its sales to hotels  and other
     businesses.

     The  Company's  ability to continue as a going  concern is  dependent  upon
     successful public offering and ultimately achieving profitable  operations.
     There is no assurance that the Company will be successful in its efforts to
     raise additional proceeds or achieve profitable  operations.  The financial
     statements  do not  include  any  adjustments  that might  result  from the
     outcome of this uncertainty.


<PAGE>


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

     During the First  Quarter,  the net sales for the  three-month  period were
$1,471.00 representing a decrease of approximately 80% from the first quarter of
1999. This decrease is principally attributable to the company's lack of success
selling its  products  over the  Internet  and not  focusing on its  traditional
marketing and promotion effort that had proven to be successful in 1999.

     The  Company is  currently  implementing  a  promotion  campaign to hotels,
businesses and consumers for their specialty gourmet food and gift baskets.  The
Company has  demonstrated  from its previous  marketing that their products were
well  received by the hotels and  businesses.  The Company  will also double its
trade show attendance in order to get more exposure for its products.

     The Company is also pursuing  jointly  marketing its products with wineries
located in Northern  and Central  California  and by  penetrating  the  Southern
California  market.  The  Company is also  marketing  its  products at fairs and
special events starting in the spring and summer.

     Gross  profit for the  three-month  period  that ended  March 31,  2000 was
$492.00  compared  to  $3,150.00,  for the  corresponding  period  in 1999.  The
decrease in the gross margin from the corresponding  period of the prior year is
principally  attributable  to the lack of sales of the  company's  gourmet  food
products over the Internet.

     Selling,  general and  administrative  expenses  were $3,352 for the period
ended March 31, 2000 compared to $45,290 for the  corresponding  period in 1999.
The  decrease  in  expense  from 2000 to 1999 was due to less  consulting  fees,
management  fees and  professional  fees,  which  were  related  to the  private
placement offering.

     The equipment  lease also  reflected a decrease of $2,937 from 2000 to 1999
as well as a decrease in rent  resulting  from pay offs of leased  equipment and
moving into a less costly location. As a result, the Company incurred a net loss
of ($3,660) or  ($0.0002)  per share for the first three  months ended March 31,
2000  compared  with a net loss of  ($44,024)  or  ($0.0026)  per  share for the
corresponding period in 1999. This reduction in loss is due to lessened activity
and decreased administrative expenses.

     There is no material  deficiency  in the first quarter and the Company will
seek no additional funds  externally.  The officers of the Company will continue
to fund  operations as necessary.  The Company has no major source of liquidity,
internal or external with the exception of the company's principals.

     There are no material  commitments  for capital  expenditures  and none are
expected in the second quarter.  There is no research and development  under way
or planned at this time.

     Changes in marketing, promotion and sales as well as continued sales on the
Internet should have a positive impact on short-term revenues.

     There were no changes in the mix of sources  between equity and off-balance
sheet financing  arrangements.  The Company has not been affected by any unusual
events  or  transactions  that  would  have any  impact  on  reported  income or
operations.  Currently the Company  knows of no events that will cause  material
changes in costs and  revenues.  The Company will expand its trade shows,  Hotel
and business marketing in order to increase revenues.

     Because the Company is still in its development  stage, it has not felt the
effects of inflation.  Primary  concerns  would be milk prices in regards to the
cheese products and wine prices  increasing.  Should these prices increase,  the
Company will have to increase its cost of sales.

<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.

None.
-----

Item 6. Exhibits and Reports on Form 8-K

None.
-----

                                 Signature Page

     Pursuant  to the  requirements  of  section  13 or 15(d) 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.

                                                     INTERNET FOOD COMPANY, INC.


Dated: May 17, 2000
                                                                /s/ Jan Demianew
                                                                ----------------
                                                            NAME:   Jan Demianew
                                                             TITLE:    President