U.S. Securities and Exchange Commission
                                  	Washington D.C. 2054 9

                                       	Form 10-QSB
  	[x]    Quarterly Report Pursuant to Section 13 or 15(d) of the Securities
 Exchange Act of 1934.

                      	For the Quarter Ended September 30, 1999

                                       	OR

         	[ ] Transition Report Pursuant to Section 13 or 15 (d) or the
                        	Securities Exchange Act of 1934.

                         	Commission File Number 33-65573


                            	Sportsman's Wholesale Company
             	(name of small business issuer as specified in its charter)

        	Nevada		                                     					84-1408762
(State of other jurisdiction	                        			(I.R.S. employer
 incorporation or organization)			                       identification No.)

                        	55 West 200 North, Provo, UT 84601
                      	(Address of principal executive offices)

           	Registrant's telephone no., including area code: 801 377-0874

          	Former name, former address, and former fiscal year, if changed
                                	since last report.

  Securities registered pursuant to Section 12(b) or the Exchange Act:	None

  Securities registered pursuant to Section 12(g) or the Exchange Act:	None

Check whether the Issuer (1) has filed all reports required to be filed by
Section 13 or 15 (d) or the Exchange Act 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.
Yes	X     No X

   	Common Stock outstanding at November 12, 1999 - 1,603,500 of $0.0001 par
	                          value Common Stock.

<PAGE>
PART 1     	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 together with Related
Notes.  In the opinion of management, the Financial Statements fairly present
the financial condition of the Registrant.

                       	SPORTSMAN'S WHOLESALE COMPANY
	                        (Development Stage Company)

                          	CONDENSED BALANCE SHEETS
                                	[Unaudited]
<TABLE>
                                    						Sept. 30, 1999   Dec. 31, 1998
                                   							_____________   	______________
<S>                                							<C>            		<C>

ASSETS
CURRENT ASSETS:
     	Cash	                          					$   55,956      		$     1,624
     	Inventory					                           7,406           			  625
     	Accounts Recievable		              	     4,483			               0
      Supplies                                   576                  0
                                           -------------    -------------
        Total Current Assets              $   68,421        $     2,249

PROPERTY, PLANT & EQUIPMENT
     	Vehicle, net depreciation (378)          1,122		           	1,304
      Equipment                    						     24,641                  0
                                           -------------    --------------
          		Total PP&E                  		$   25,763      		$    	1,304

TOTAL ASSETS:					                        $   94,184        $    	3,553

                	LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

                                   						 Sept. 30, 1999	    Dec. 31, 1998
                                   							_______________   ______________

CURRENT LIABILITIES:

     	Accounts Payable                				$     776      	  $   17,169
                                           ----------        -----------
       		  Total Current Liabilities     	$     776         $   17,169

LONG TERM LIABILITIES:
      Long Term Related Notes Payable     $       0         $   27,500
                                          -----------        -----------
           TOTAL LIABILITIES              $     776         $   44,669

STOCKHOLDERS' EQUITY (DEFICIT)

    	Common Stock, $.0001 par value
	     50,000,000, 1,603,500 issued
	     and outstanding.			                   		  160	            		 150

	    Additional paid in capital	       	    153,965       	      3,975
    	Accumulated deficit		             	    (60,718)	      	   (45,241)
                                         ------------        ------------
    	 Total Stockholders' Equity	      	  $  93,407      	   $ (41,116)

TOTAL LIABILITIES & EQUITY	           		  $  94,184       	 	$   3,553

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

     	NOTE:   The balance sheet at December 31, 1998 was taken from the
	         audited financial statements at that date and condensed.

<PAGE>
                         	SPORTSMAN'S WHOLESALE COMPANY
                          	[Development Stage Company]

                       	CONDENSED STATEMENTS OF OPERATIONS
                                  	[Unaudited]

</TABLE>
<TABLE>

	                         				For the Three   	 For the Three    From Inception,
                         					Months Ended	     Months Ended       	Feb. 5, 1997
                         					Sept. 30, 1999	   Sept. 30, 1998	    Sept. 30,1999
                         					_____________	    _____________    _____________
<S>					                      <C>		            	<C>           			<C>
REVENUE:
   	Clays income              $   2,683	       $        0		      $    4,483
	   Inventory Sale		               	 47            	    0		             353
   	Cost of Goods Sold	            (515)                0       	      (790)
                         					_____________    	_____________    _____________
   	Total Revenue		           $   2,215	       $        0	       $     4,046


EXPENSES:
     	General and
 	    Administrative Expenses $   7,748         $  11,432   	    $    63,486
     	Interest Expense	               0               (90)             1,278
                         					_____________    	______________  	____________
Total Expenses                $   7,748         $  11,522        $    64,764

Income (Loss) from operation		$  (5,533)          (11,522)       $   (64,764)

Other Income:	                   			  0            			  0	           		   0

Total Other Income               			  0		            	  0	                0
                         					_____________    	______________  	____________
NET LOSS			                  	$  (5,533)      		$ (11,522)	     	$   (60,718)

Net Loss Per Share		               0.00		            0.00		           	0.00
</TABLE>
	The accompanying notes are an integral part of these financial statements.
<PAGE>

                          	SPORTSMAN'S WHOLESALE COMPANY
                           	(Development Stage Company)

                        	CONDENSED STATEMENTS OF OPERATIONS

                                  	[Unaudited]
<TABLE>
                             			 		For the Nine  	For the Nine   From Inception,
  		                            			Months Ended  	Months Ended      Feb. 5, 1998
                              				Sept. 30, 1999 Sept. 30, 1998    Sept. 30,1999
                              					_____________  _____________ 	_____________
<S>                           					<C>         			<C>	         		<C>
REVENUE:
	     Clays Income                 $   4,483	     $	       0		   $      4,483
     	Inventory Sale		                  	353	            	 0              353
     	Cost of Goods Sold	               (790) 	        		  0		           (790)
                               				------------   ------------   --------------
     	Total Revenue		              $   4,046    	 $        0		   $      4,046

EXPENSES:
     	General and
	     Administrative Expenses      $  19,524      $   18,134    	$     63,486
     	Interest Expense			                  0      	      435            1,278
                              				--------------  -------------  --------------
Total Expenses:                    $  19,524      $   18,569     $     64,764

Income (Loss) from operation	      $ (15,477)	   	$  (18,569)  		$    (64,764)

Other Income:    	                    			  0		          	  0			             0

Total Other Income		                    	  0	          		  0	         		    0
                              					_____________ 	_____________ 	_____________
NET LOSS				                       $ (15,477)	   	$  (18,569)  	 $    (60,718)

Net Loss Per Share		                    0.00		          0.01	          		0.00
</TABLE>
	The accompanying notes are an integral part of these financial statements.
<PAGE>

                            SPORTSMAN'S WHOLESALE COMPANY
                             (Development Stage Company)

                          Consolidated Statement of Cash Flows
                                     (Unaudited)

<TABLE>

                                         For The Nine         From Inception
                                         Months Ended         On Feb. 5, 1998
                                         Sept. 30, 1999      thru Sept. 30, 1999
                                         ---------------   ---------------------

<S>                                      <C>                 <C>
CASH FLOWS TO OPERATING ACTIVITIES:
     Net Income (loss)                       $(15,477)           $(60,718)
     Adjustments to reconcile net
      loss to net cash used in
      operating activities:

Changes in assets & liabilities:             $(96,077)           $(77,951)
                                            -----------          ----------
      Net cash used in operating act.       $(111,554)          $(138,669)

CASH FLOWS FROM INVESTING ACTIVITIES:
      Purchase of vehicle                           0           $  (1,500)

CASH FLOWS FROM FINANCING ACTIVITIES:
      Proceeds from related notes payable    $ 14,000           $  42,000
      Issuance of common stock                150,000             154,125
                                             ----------         ------------
  Net cash provided by financing activities  $164,000           $ 196,125

                                             ----------         ------------
      Net increase in cash                   $ 52,446           $  55,956

Cash, beginning of period                    $  3,510           $       0
                                             ----------        ------------
Cash, end of period                          $ 55,956           $  55,956
</TABLE>

<PAGE>
                           	SPORTSMAN'S WHOLESALE COMPANY
                            	(Development Stage Company)

                   	Consolidated Statement of Stockholders' Deficit

                	February 5, 1998 (Date of Inception) to September 30, 1999

                                             									Additional
                    				Preferred Stock  Common Stock	  Paid-in  Accumulated
                    				Shares    Amount Shares Amount  Capital   Deficit
<TABLE>
<S>                     <C>       <C>     <C>   <C>    <C>       <C>
Balance at
February 5, 1998          -     $   -       -   $   -    $    -    $   -

Issuance of
common stock for
cash                 			  -         -    503,500   50       3,075      -

Issuance of
common stock in
exchange for
subsidiary		           	  -         _  1,000,000	 100        900       -

7/99 issued common
stock for cash            -         -    100,000   10    149,990       -

Net loss for period       -         -       -       -         -     (60,718)
ended Sept. 30, 1999
                       ------------------------------------------------------
Balance at
Sept. 30, 1999            -      $  -  1,603,500	$160    $153,965  $(60,718)
</TABLE>
<PAGE>
                            	SPORTSMAN'S WHOLESALE COMPANY
                             	(Development Stage Company)

          	NOTES TO UNAUDITED CONDENSED &CONSOLIDATED FINANCIAL STATEMENTS

                	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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 and results of operations at September 30,
1999 and for all the periods presented have been made.

Organization - Sportsman's Wholesale Company (Sportsman's) was incorporated
under the laws of the state of Nevada in March of 1996.  Cap's Sporting Goods
Wholesale, Inc. (Caps) was incorporated under the laws of the state of Utah
in February 1998.

From March 1996 until February 5, 1998 (date of inception) Sportsman's was an
inactive company.  On February 5, 1998, Sportsman's became a development stage
enterprise as defined in Statement of Financial Accounting Standards No. 7,
"Auditing and Reporting by Development Stage Enterprises."

On April 30, 1998, Sportsman's and Caps entered into an agreement and plan of
share exchange, whereby the sole shareholder of Caps would exchange all of
the issued and outstanding common stock held in Caps, for common stock of
Sportsman's.  At the time of the exchange both Sportsman's and Caps were
owned by the same individual.  The exchange resulting in 1,000,000 shares of
Caps common stock being exchanged for 1,000,000 shares of Sportsman's common
stock.

The consolidated financial statements consists of Sportsman's and its wholly
owned subsidiary Caps (the Company), from February 5, 1998 (date of
inception) to December 31, 1998, as any transactions from February 5, 1998 to
April 30, 1998 for the companies were immaterial.  All significant
intercompany balances and transactions have been eliminated.

Concentration of Credit Risk - The Company maintains its cash in bank deposit
accounts which, at times, may exceed federally insured limits.  The Company
has not experienced any losses in such accounts and believes it is not exposed
to any significant credit risk on cash and cash equivalents.

Cash and Cash Equivalents - For purposes of the statement of cash flows, cash
includes all cash and investments with original maturities to the Company of
three months of less.

Inventory - Inventory consists of finished goods and is recorded at the lower
of cost or market, cost being determined on a first-in-first-out (FIFO)
method.

Vehicle - The Company's vehicle is recorded at cost less accumulated
depreciation.  Depreciation is provided using the straight-line method over
the estimated useful life.  Expenditures for maintenance and repairs are
expensed when incurred and betterments are capitalized.
<PAGE>
Income Taxes - Deferred income taxes are provided in amounts sufficient to
give effect to temporary differences between financial and tax reporting.

Earnings Per Share - The computation of basic earnings per common share is
based on the weighted average number of shares.  The computation of diluted
earning per common share of is based on the weighted average number of shares
outstanding using the per share during the period plus the common stock
equivalents which would arise from the exercise of stock options and warrants
outstanding using the per share during the period.  Common stock equivalents
are not included in the diluted earnings per share calculation when their
effect is antidilutive.

Use of Estimates in Financial Statements - The preparation of financial
statements in conformity requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities at the date of the
financial statements. Actual results could differ from those estimates.

Income Taxes - The benefit for income taxes is different from amounts which
would be provided by applying the statutory federal income taxes for the
following reasons:
<TABLE>
<S>                                                              <C>
Federal income tax benefit
a statutory rate                                                	$    7,000
Change in valuation allowance	                                       (7,000)
                                                                  	___________
                                                                	$      __

Deferred tax assets (liabilities) consist of the following:

Net operating loss carry forwards	                               $    7,000
Valuation allowance	                                             $   (7,000)
                                                                  	___________
                                                                	$      __

At December 31, 1998, the Company has a net operating loss carry forward
available to offset future taxable income of approximately $45,000, which will
begin to expire in 2018.  The utilization of the net operating loss
carryforward is dependent upon the tax laws in carry forwards can be utilized.
The Tax Reform Act of 1986 significantly limits the annual amount that can be
utilized for this carryforward as a result of the change in ownership

NOTE 2 - GOING CONCERN

The accompanying consolidated financial statements have been prepared assuming
the Company will continue as a going concern.  As of September 30, 1999, the
Company had an accumulated stockholders' deficit of $60,718.  These conditions
raise substantial doubt about the ability of the Company to continue as a going
concern.  The consolidated financial statements do not include any adjustments
that might result from the outcome of this uncertainty.

The Company's ability to continue as a going concern is subject to the attain-
ment of profitable operations or obtaining necessary funding from outside
sources.  Management is in the process of pursuing business opportunities to
provide sufficient cash flows to meet the Company's obligations.  It is not
known whether management will be successful in these endeavors.
<PAGE>

NOTE 3 - RELATED PARTY TRANSACTIONS

The related party notes payable consist of notes payable to an entity owned by
the spouse of an officer/shareholder.  The notes are unsecured, due on demand
and bear interest of 12%.  At June 30, 1999, the Company had accrued interest
payable and recognized interest expense of $3,373 related to these notes.  All
notes and interest have been paid in full at September 30, 1999.

NOTE 4 - COMMON STOCK

On January 15, 1998 the company issued 500,000 shares in consideration for
$500.00 at a par value of $.001 to Fred L. Hall, the sole officer and director
of the company.

On February 19, 1998 Cap's Sporting Goods issued 1,000,000 shares of common
stock in consideration of $1,000.00 at a par value of $.001 to Mr. Hall, the
Company's sole officer and director.

On March 16, 1998 the company amended it's articles of incorporation to change
the par value of it's common stock from .001 to .0001.

In April 1998, Sportsman's acquired Cap's bringing the total outstanding
shares of common stock of Sportsman's Wholesale Company to 1,500,000.

During late June of 1998, 3,500 additional restricted common shares of
Sportsman's in consideration of $2,625, to three other investors
in a private offering.

On July 15, 1999 the Company closed its public stock offering and issued
100,000 shares of stock in consideration of $150,000 at a par value of .0001.

NOTE 5 - SUBSEQUENT EVENTS

None.

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

Plan of Operation

Sportsman's was incorporated under the state of Nevada on March 13, 1996 for
the purpose of becoming a wholesaler of sporting goods, primarily associated
with the shooting sports.  In April 1998, Sportsman's acquired all of the out-
standing stock of Cap's Sporting Goods Wholesale, Inc. (Cap's).  Sportsman's
is operating its wholesale sporting goods business through its new operating
subsidiary, Cap's.

In December, 1998, the Company entered into an agreement with a local Utah
shooting club to acquire the club's shooting facilities for approximately
$20,000 cash, contingent on the completion of its public offering.  Subsequently
the shooting sports facilities were purchased on August 4, 1999 for $17,425.
This acquisition gives Sportsman's its first outlet for shooting sports pro-
ducts.  During 3rd quarter 1999, the shooting facilities generated $4,046 net
proceeds.

During the first quarter of 1999, Sportsman's organized and sponsored three
National Sporting Clays Association shooting tournaments at a local shooting
club with the intent of developing awareness among local shooters of
Sportsman's and its intent to enter the wholesale sporting goods business.
Six more such shooting tournaments were promoted and sponsored by Sportsman's
in the second and third quarters of 1999.  Three more tournaments are scheduled
during the remainder of 1999, and Sportsman's intends to sponsor and advertise
at all of these tournaments.

During the second quarter of 1999, Sportsman's was able to acquire the
inventory of Great Basin Fly Shop for $4,326.  Additionally, Sportsman's ac-
quired the inventory of H&N Fly Tackle Co. for $3,080.  These are the first
inventory acquisition by Sportsman's and will be used for resale.

Sportsman's has found two local gun clubs who are willing to purchase clay
targets from Sportsman's at prices that Sportsman's has negotiated with a
manufacturer in the Pacific Northwest.

Liquidity and Capital Resurces

At September 30, 1999 the Company's assets consist primarily of cash from the
public offering which was completed in Juy 1999 and operating equipment at the
shooting facility, which was acquired in August of 1999.

                             RESULTS OF OPERATIONS
        NINE-MONTH PERIODS ENDED SEPTEMBER 30, 1999 AND SEPTEMBER 30, 1998

For the six month period ended June 30, 1999, and 1998 the Company incurred
$15,477 and $18,569, respectively, in general and administrative exlpenses that
were mostly related to the Company's public offering.  The Company also gener-
ated $4,046 in net revenues for the nine month period ending September 30, 1999
as a result of increased operations for the Company.

PART II	OTHER INFORMATION

ITEM 1	LEGAL PROCEEDINGS
			None

ITEM 2	CHANGE IN SECURITIES
			None

ITEM 3	DEFAULTS ON SENIOR SECURITIES
			None

ITEM 4	SUBMISSION ON MATTERS TO A VOTE OF SECURITY HOLDERS
			None

ITEM 5	OTHER INFORMATION
			None
<PAGE>

ITEM 6	EXHIBITS AND REPORTS ON FORM 8-K
			(a)	Exhibits
			None

			(b)	Reports on Form 8-K
			None

                                 	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, hereunto duly authorized.

                        	SPORTSMAN'S WHOLESALE COMPANY

Date:	11/12/99		          By:/s/Fred L. Hall, CEO/President
                         -----------------------------------
                          Fred L. Hall

</TABLE>