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 APRIL 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. 00-22661

                                   INVU, INC.
          (Exact name of small business issuer as specified in charter)

          Colorado                                       84-1135638
--------------------------------------------------------------------------------
(State or other jurisdiction                   (IRS Employer Identification No.)
   of incorporation)

The Beren, Blisworth Hill Farm
Stoke Road
Blisworth, Northamptonshire                               NN7 3DB
--------------------------------------------------------------------------------
(Address of principal                                 (Postal Code)
 executive offices)

         Issuer's telephone number, including area code: (01604) 859893
                                                         --------------

--------------------------------------------------------------------------------
              (Former Name, Former Address and Former Fiscal Year,
                          if Changed Since Last Report)

Indicate by check mark whether the issuer (1) has filed all reports  required to
be filed 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
requirements for the past 90 days.

                                                YES    X        NO
                                                    -------        -------

As of June 5, 2001 there were  30,386,539  shares of the  common  stock,  no par
value, of the registrant issued and outstanding.

Transitional Small Business Disclosure Format (check one)

YES               NO       X
     ----------       -------------


<PAGE>


                                   INVU, INC.

                                 April 30, 2001

                                      INDEX

<TABLE>
<CAPTION>
                                                                                                                  Page No.

<S>      <C>      <C>                                                                                                  <C>

PART I.  FINANCIAL INFORMATION.........................................................................................F-1

         Item 1.  Financial Statements.................................................................................F-1

                  Consolidated Balance Sheets as of April 30, 2001.....................................................F-2

                  Consolidated Statements of Operations................................................................F-3

                  Consolidated Statements of Deficit in Stockholders' Equity...........................................F-4

                  Consolidated Statements of Cash Flows................................................................F-6

                  Notes to Financial Statements........................................................................F-7

         Item 2.  Management's Discussion and Analysis or Plan of Operation..............................................1

PART II. OTHER INFORMATION...............................................................................................5

         Item 1.  Legal Proceedings......................................................................................5
         Item 2.  Changes in Securities..................................................................................5
         Item 3.  Default Upon Senior Securities.........................................................................5
         Item 4.  Submission of Matters to a Vote of Security Holders....................................................5
         Item 5.  Other Information......................................................................................5
         Item 6.  Exhibits and Reports on Form 8-K.......................................................................6

SIGNATURES.............................................................................................................S-1
EXHIBIT INDEX..........................................................................................................E-1


</TABLE>
<PAGE>

PART I.  FINANCIAL STATEMENTS


CONSOLIDATED FINANCIAL STATEMENTS

INVU, INC. AND SUBSIDIARIES
(A DEVELOPMENT STAGE ENTERPRISE)

APRIL 30, 2001



                                      F-1
<PAGE>

INVU, INC. AND SUBSIDIARIES
(A DEVELOPMENT STAGE ENTERPRISE)

CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>

-------------------------------------------------------------------------------------------------------------

                                                                                     April 30,    January 31,
                                                                                          2001           2001
                                                                                   (unaudited)
                                                                                             $              $
<S>                                                                                  <C>            <C>


ASSETS

Current assets
Accounts receivable:
  Trade, net                                                                           478,464        310,098
  VAT recoverable and other                                                              5,519          5,847
Inventories                                                                             35,374         35,150
Prepaid expenses                                                                       123,661        105,242
                                                                                   ------------   ------------
Total current assets                                                                   643,018        456,337
                                                                                   ------------   ------------
Equipment, furniture and fixtures
Computer equipment                                                                      87,505         82,989
Vehicles                                                                               291,285        289,970
Office furniture and fixtures                                                          100,929        102,350
                                                                                   ------------   ------------
                                                                                       479,719        475,309

Less accumulated depreciation                                                          163,449        163,364
                                                                                   ------------   ------------
                                                                                       316,270        311,945
                                                                                   ------------   ------------

                                                                                       959,288        768,282
                                                                                   ============   ============

LIABILITIES AND DEFICIT IN STOCKHOLDERS' EQUITY

Current liabilities
Short-term credit facility                                                           1,294,480      1,682,975
Current maturities of long-term obligations                                          1,075,604         69,624
Accounts payable                                                                       352,364        544,524
Accrued liabilities                                                                    429,191        415,239
                                                                                   ------------   ------------
Total current liabilities                                                            3,151,639      2,712,362
                                                                                   ------------   ------------

Long-term obligations, less current maturities                                       1,947,653      1,962,635

Deficit in stockholders' equity
Preferred stock, no par value
Authorised - 20,000,000 shares; nil shares issued and outstanding                            -              -
Common stock, no par value
Authorised - 100,000,000 shares; issued and outstanding - 30,386,539                 1,746,223      1,746,223
Accumulated deficit during the development stage                                    (6,093,315)    (5,810,452)
Accumulated other comprehensive income                                                 207,088        157,514
                                                                                   ------------   ------------
                                                                                    (4,140,004)    (3,906,715)
                                                                                   ------------   ------------
                                                                                       959,288        768,282
                                                                                   ============   ============
</TABLE>

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


                                      F-2
<PAGE>

INVU, INC. AND SUBSIDIARIES
(A DEVELOPMENT STAGE ENTERPRISE)

CONSOLIDATED STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------

                                                                                                Feb 18, 1997
                                                                 For the three months ended         (date of
                                                                April 30,         April 30,    inception) to
                                                                     2001              2000   April 30, 2001
                                                              (unaudited)       (unaudited)      (unaudited)
                                                                        $                 $                $

<S>                                                            <C>               <C>              <C>

Revenues                                                          302,016            12,943          830,227

Expenses:
Production cost                                                    25,702             8,870          377,557
Selling and distribution cost                                     193,046           192,589        1,516,322
Research and development cost                                     113,459            63,132          814,171
Administrative costs                                              201,963           240,552        2,559,456
                                                               -----------       -----------      -----------
Total operating expenses                                          534,170           505,143        5,267,506
                                                               -----------       -----------      -----------
Operating loss                                                   (232,154)         (492,200)      (4,437,279)

Other income (expense)
Interest, net                                                     (50,709)          (31,317)      (1,658,399)
Other                                                                   -                 -            2,363
                                                               -----------       -----------      -----------
Total other expense                                               (50,709)          (31,317)      (1,656,036)
                                                               -----------       -----------      -----------
Loss before income taxes                                         (282,863)         (523,517)      (6,093,315)
                                                               -----------       -----------      -----------
Income taxes                                                            -                 -                -
                                                               -----------       -----------      -----------
Net loss                                                         (282,863)         (523,517)      (6,093,315)
                                                               ===========       ===========      ===========
Weighted average shares outstanding:

Basic and Diluted                                              30,386,539        30,206,896       30,216,138
                                                               ===========       ===========      ===========
Net loss per common share

Basic and Diluted                                                  (0.01)            (0.02)           (0.20)
                                                               ===========       ===========      ===========


</TABLE>

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



                                      F-3
<PAGE>
INVU, INC. AND SUBSIDIARIES
(A DEVELOPMENT STAGE ENTERPRISE)

<TABLE>
<CAPTION>


CONSOLIDATED STATEMENTS OF DEFICIT IN STOCKHOLDERS' EQUITY
---------------------------------------------------------------------------------------------------------------------

                                                                                        Accumulated
                                                                                              other
                                                      Common stock      Accumulated   comprehensive                   Comprehensive
                                                    Shares     Amount       deficit          income          Total             loss
                                                                    $             $               $              $                $

<S>                                            <C>          <C>         <C>                 <C>         <C>             <C>

Issuance of common stock ($1.64 per share)         176,000    288,640             -               -        288,640

Reclassification of $1.64 common stock            (176,000)  (288,640)            -               -       (288,640)

Issuance of no par common stock in connection
 with reverse acquisition                      28,696,552     288,355             -               -        288,355

Issuance of common stock ($0.50 per share)      1,510,344     750,000             -               -        750,000

Reverse acquisition transaction costs                   -    (750,000)            -               -       (750,000)

Comprehensive income:
  Foreign currency translation adjustment               -          -              -             440            440             440
  Net loss during the period                            -          -      (217,153)               -       (217,153)       (217,153)
                                                                                                                        -----------
Total comprehensive income                                                                                                (216,713)
                                               ----------   ---------     ---------       ---------      ----------     ===========
Balance at January 31, 1998                    30,206,896     288,355     (217,153)             440         71,642

Comprehensive income:
  Foreign currency translation adjustment               -           -             -           8,655          8,655           8,655
  Net loss during the period                            -           -     (694,809)               -       (694,809)       (694,809)
                                                                                                                        -----------
Total comprehensive income                                                                                                (686,154)
                                               ----------   ---------     ---------       ---------      ----------     ===========
Balance at January 31, 1999                    30,206,896      288,355    (911,962)           9,095       (614,512)

Beneficial conversion feature of
  convertible debentures                                -      723,077            -               -        723,077
Credit enhancements provided by the
  major shareholder                                     -      630,000            -               -        630,000
Comprehensive income:
  Foreign currency translation adjustment               -            -            -         (2,251)        (2,251)          (2,251)
  Net loss during the period                            -            -  (2,786,081)               -     (2,786,081)     (2,786,081)
                                                                                                                        -----------
Total comprehensive income                                                                                              (2,788,332)
                                               ----------   ---------     ---------       ---------      ----------     ===========
Balance at January 31, 2000                    30,206,896    1,641,432  (3,698,043)           6,844     (2,049,767)



</TABLE>

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

                                      F-4
<PAGE>
INVU, INC. AND SUBSIDIARIES
(A DEVELOPMENT STAGE ENTERPRISE)

<TABLE>
<CAPTION>

CONSOLIDATED STATEMENTS OF DEFICIT IN STOCKHOLDERS' EQUITY
-----------------------------------------------------------------------------------------------------------------------------------

                                                                                         Accumulated
                                                                                               other
                                                       Common stock       Accumulated  comprehensive                  Comprehensive
                                                     Shares       Amount      deficit         income        Total              loss
                                                                       $            $              $            $                 $

<S>                                              <C>           <C>         <C>               <C>      <C>               <C>

Issuance of no par common stock ($0.58 per share)   179,643      104,791            -              -      104,791

Comprehensive income:
  Foreign currency translation adjustment                 -            -            -        150,670      150,670           150,670
  Net loss during the period                              -            -   (2,112,409)             -   (2,112,409)       (2,112,409)
                                                 ----------    ---------   -----------      --------  -----------      -------------
Total comprehensive income                                                                                               (1,961,739)
                                                                                                                       =============
Balance at January 31, 2001                      30,386,539    1,746,223   (5,810,452)       157,514   (3,906,715)

Comprehensive income (unaudited):
  Foreign currency translation
   adjustment (unaudited)                                 -            -            -         49,574       49,574            49,574
  Net loss for the period (unaudited)                     -            -     (282,863)             -     (282,863)         (282,863)
                                                 ----------    ---------   -----------      --------  -----------      -------------
Total comprehensive income (unaudited)                                                                                     (233,289)
                                                                                                                       =============
Balance at April 30, 2001 (unaudited)            30,386,539    1,746,223   (6,093,315)       207,088   (4,140,004)
                                                 ==========    =========   ===========      ========  ===========

</TABLE>








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


                                      F-5

<PAGE>
INVU, INC. AND SUBSIDIARIES
(A DEVELOPMENT STAGE ENTERPRISE)

<TABLE>
<CAPTION>

CONSOLIDATED STATEMENTS OF CASH FLOWS
---------------------------------------------------------------------------------------------------------------
                                                                                                  Feb 18, 1997
                                                              For the three    For the three        (date of
                                                               months ended     months ended      inception) to
                                                              April 30, 2001   April 30, 2000    April 30, 2001
                                                                (unaudited)      (unaudited)       (unaudited)
                                                                          $                $                 $
<S>                                                                <C>              <C>             <C>

Net cash flows used in operating activities
  Net loss during the period                                       (282,863)        (523,517)       (6,093,315)
  Interest expense relating to beneficial conversion
   feature                                                                -                -           723,077
  Interest expense related to debt discount                               -                -           630,000
  Adjustments to reconcile net loss to net cash used
  in operating activities:
    Depreciation                                                     27,143           19,820           211,244
    Loss on disposal of fixed assets                                  1,044                -             1,044
    Accounts receivable                                            (174,687)         (34,423)         (500,642)
    Inventories                                                        (953)         (18,307)          (43,221)
    Prepaid expenses                                                (20,614)         (16,663)         (130,008)
    Accounts payable                                               (180,969)         144,791           388,059
    Accrued liabilities                                              22,576           27,746           463,963
                                                               -------------    -------------     ------------
Net cash used in operating activities                              (609,323)        (400,553)       (4,349,799)
                                                               -------------    -------------     ------------
Cash flows used in investing activities:
  Acquisitions of property and equipment                             (6,942)         (80,988)         (271,070)
  Proceeds from sale of vehicles                                          -                -            19,356
                                                               -------------    -------------     ------------
Net cash used in investing activities                                (6,942)         (80,988)         (251,714)
                                                               -------------    -------------     ------------
Cash flows provided by financing activities:
  Short-term credit facility                                       (353,791)         (70,803)        1,401,921
  Borrowings received from notes payable                          1,000,000          610,293         4,619,430
  Repayment of borrowings                                            (9,068)         (40,465)       (1,671,913)
  Principal payments on capital lease                               (10,567)         (10,248)          (87,042)
  Proceeds from issuance of stock                                         -                -           393,431
                                                               -------------    -------------     ------------
Net cash provided by financing activities                           626,574          488,777         4,655,827
                                                               -------------    -------------     ------------
Effect of exchange rate changes on cash                             (10,309)          (7,236)          (54,314)
                                                               -------------    -------------     ------------
Net decrease in cash                                                      -                -                 -
Cash at beginning of period                                               -                -                 -
                                                               -------------    -------------     ------------

Cash at end of period                                                     -                -                 -
                                                               =============    =============     ============

Supplemental  disclosure of cash flow information:
Cash paid during the period for:
  Interest                                                           38,000           31,000           194,000
  Income taxes                                                            -                -                 -


</TABLE>


Major non-cash transactions

The beneficial conversion feature of the Convertible Notes amounting to $723,077
and debt discounts of $630,000 have been included in the Statement of Operations
for the period from February 18, 1997 (date of inception) to April 30, 2001.
The accompanying notes are an integral part of these financial statements.

                                      F-6
<PAGE>
INVU, INC. AND SUBSIDIARIES
(A DEVELOPMENT STAGE ENTERPRISE)


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
--------------------------------------------------------------------------------

The accompanying  financial statements have been prepared without audit 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  accounting  principles  generally  accepted in the
United States of America have been  condensed or omitted  pursuant to such rules
and regulations.  These statements  include all adjustments,  consisting only of
normal  recurring  accruals,  considered  necessary for a fair  presentation  of
financial position and results of operations.  The financial statements included
herein should be read in  conjunction  with the financial  statements  and notes
thereto  included in the latest  annual  report on Form  10-KSB.  The results of
operations  for the three month period ended April 30, 2001 are not  necessarily
indicative of the results to be expected for the full year.

                          NOTE A - COMPANY DESCRIPTION

INVU, Inc. (the Company) is a holding company which operates one subsidiary INVU
Plc, which is a holding  company for two  subsidiaries of its own, INVU Services
(Services) and INVU International  Holdings Limited (Holdings).  The Company was
incorporated under the laws of the State of Colorado,  United States of America,
in February  1997.  INVU Plc,  Services and Holdings are companies  incorporated
under English Law. The Company  operates in one industry  segment which includes
developing  and selling  software  for  electronic  management  of many types of
information  and documents  such as forms,  correspondence,  literature,  faxes,
technical  drawings and electronic files.  Services is the sales,  marketing and
trading company and Holdings holds the intellectual  property rights to the INVU
software.

On  August  31,  1998,  Sunburst   Acquisitions  I  Inc.  (Sunburst)  (a  public
development stage enterprise) acquired all of the outstanding shares of INVU Plc
in exchange for  restricted  shares of common stock of Sunburst  (the  Exchange)
pursuant  to a Share  Exchange  Agreement  between  Sunburst  and the  principal
shareholders of INVU Plc. Sunburst  exchanged  26,506,552 shares of common stock
for all of INVU  Plc's  issued  and  outstanding  shares  of common  stock.  For
accounting purposes,  the Exchange was treated as a recapitalization of INVU Plc
where INVU Plc is the  accounting  acquirer.  All periods have been  restated to
give effect to the  recapitalization.  The historic statements from inception up
to the Exchange are those of INVU Plc.

In connection  with the Exchange,  the directors and officers of INVU Plc became
the directors and officers of Sunburst. Also, Sunburst changed its name to INVU,
Inc. At the time of the Exchange,  the Company issued 1,510,344 shares of Common
Stock of the Company to a  consultant  pursuant to a  consulting  agreement  for
introducing INVU Plc and Sunburst.  The shares were estimated to have a value of
$750,000  and have been treated as a  transaction  cost in  connection  with the
Exchange.  Immediately after the Exchange,  INVU Plc's former shareholders owned
approximately 88% of the outstanding common stock of Sunburst.


                                      F-7

<PAGE>
INVU, INC. AND SUBSIDIARIES
(A DEVELOPMENT STAGE ENTERPRISE)


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
--------------------------------------------------------------------------------

                             NOTE B - GOING CONCERN

The  financial  statements  have been  prepared on a going  concern  basis which
assumes that the Company can meet its financial  obligations as they fall due in
the ordinary course of business.  The Company's  liabilities exceeded its assets
by  $4,140,004  at April 30, 2001 and the Company had  negative  cash flows from
operations  of $609,323 for the three  months to April 30, 2001.  The Company is
starting  to generate  revenues  from  operations  and has  obtained  additional
financing  since  January 31, 2001  amounting to $1 million.  Operations to date
have been funded principally by equity capital and borrowings. The Company is in
the process of  negotiating  additional  financing to fund its  operations.  The
Company's  ability to continue to develop its operations  depends on its ability
to  raise  further  financing.  The  financial  statements  do not  include  any
adjustments that might result from the outcome of this uncertainty.


                              NOTE C - INVENTORIES

Inventories consist of the following:

                                                    April 30,     January, 31
                                                         2001            2001
                                                  (unaudited)
                                                            $               $

Licensed goods                                              -               -
Goods for resale                                       35,374          35,150
                                                -------------    ------------
                                                       35,374          35,150
                                                =============    ============

Licensed goods represent  software licenses purchased by the Company which allow
the Company to  manufacture  and  distribute  a separate  company's  proprietary
software  products  in  conjunction  with and as an  embedded  component  of the
Company's  proprietary  software.   Goods  for  resale  represent  the  finished
consolidated product to be sold to the end user.

                       NOTE D - SHORT-TERM CREDIT FACILITY

The Company  has a  $1,144,640  ((pound)800,000)  (January  31, 2001  $1,169,000
((pound)800,000)),  7.5%  short-term  credit  facility with an English bank. The
Company's  bank has agreed to a temporary  increase in the  facility of $286,160
((pound)200,000)  until  May  25,  2001 on the  basis  that  further  investment
additional to the $1 million received in the three months to April 30, 2001 will
be obtained by May 25, 2001. The credit facility is collateralized by all assets
of the Company and a corporate guarantee given by Vertical  Investments Limited,
a company in which a non-executive director of this Company has an interest. The
amount   drawn   against  the   facility  at  April  30,  2001  was   $1,294,480
((pound)904,725),  (January 31, 2001 $1,682,975 ((pound)1,151,855)).  The amount
drawn is payable on demand at the bank's discretion.  The credit facility is due
for  review  on July  31,  2001.


                                      F-8
<PAGE>
INVU, INC. AND SUBSIDIARIES
(A DEVELOPMENT STAGE ENTERPRISE)


NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
--------------------------------------------------------------------------------

                         NOTE E - LONG-TERM OBLIGATIONS

Long-term obligations at April 30, 2001 and January 31, 2001
<TABLE>
<CAPTION>

                                                                                     April 30,    January 31,
                                                                                          2001           2001
                                                                                   (unaudited)
                                                                                             $              $

<S>                                                                                 <C>             <C>

Non-interest bearing, unsecured loan from an individual,
no stated maturity date                                                                739,207        759,245

4% above  Libor rate  (Libor  rate was  5.3125%  and 5.72% at April 30, 2001 and
January 31, 2001 respectively) notes payable to an English bank, monthly payment
aggregating to (pound)500, maturing in March 2002, collateralized by all
assets of the Company and a limited personal guarantee by a director                     5,723          6,818

4% above  Libor rate  (Libor  rate was  5.3125%  and 5.72% at April 30, 2001 and
January 31, 2001 respectively) notes payable to an English bank, monthly payment
aggregating to (pound)1,333, maturing in June 2004, collateralized by all assets
of  the  Company  and  unlimited  multilateral   guarantees  between  subsidiary
undertakings; a quarterly loan guarantee premium of 1.5% per
annum is payable on 85% of the outstanding balance                                      76,309         81,821

Convertible A Note 1999-2002, with interest at 6%; interest due in
arrears biannually on January 1 and July 1                                             600,000        600,000

Convertible B Note 1999-2002, bearing interest of 8% per annum for the first six
months, 9% per annum for the next six months and 10% per annum
thereafter; interest due in arrears biannually on January 1 and July 1                 400,000        400,000

Loan advance from a minority shareholder                                             1,000,000              -

Capital leases for vehicles, interest ranging from 10.2% - 16.9% with
maturities through 2004                                                                202,018        184,375
                                                                                  ------------     -----------
                                                                                     3,023,257      2,032,259

Less current maturities                                                             (1,075,604)       (69,624)

                                                                                  ------------     -----------
                                                                                     1,947,653      1,962,635
                                                                                  ============     ===========

</TABLE>


                                      F-9

<PAGE>


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
--------------------------------------------------------------------------------

Scheduled maturities of long-term obligation are as follows:

Year ending April 30,                                            $

2002                                                     1,075,604
2003                                                     1,096,201
2004                                                       104,614
2005                                                         7,631
2006                                                       739,207

                                                    --------------
                                                         3,023,257
                                                    ==============

1)       Convertible debentures

All corporate and individual investors are minority shareholders in the Company.

The A and B Convertible Notes 1999-2002 are held by individuals who are minority
shareholders in the Company. They are convertible into common shares at the rate
of one common share for every US$0.65 of  outstanding  principal  Note converted
for the A Notes and one common share for every US$0.50 of outstanding  principal
Note converted for the B Notes. Conversion will take place:

i)       immediately prior to a Public Offering

ii)      at the option of the  investors for the B Notes and  automatically  for
         the A Notes,  upon new equity  capital  resulting  in  proceeds  to the
         Company of at least $4,000,000

iii)     at the option of the investor giving 30 days notice to the Company.

Interest  amounting to $115,424 has been accrued to April 30, 2001  (January 31,
2001 $99,241) in respect of the A and B Convertible Notes.

Any  outstanding  principal not converted or redeemed by the  anniversary  date,
which was August 16,  2000,  will be redeemed  at par plus  interest in the year
2002 upon receipt of 30 days written notice from the Company or the Investors.

In  consideration  of the Investors  advancing an aggregate of  $1,000,000,  the
Company caused  Montague  Limited,  the principal  shareholder,  to transfer and
register in the name of the Investors,  225,000 shares of Common Stock of no par
value.


                                      F-10


<PAGE>


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
--------------------------------------------------------------------------------

2)       Capital leases

The Company leases vehicles under noncancellable capitalized leases.

                                                     April 30,     January 31,
                                                          2001            2001
                                                   (unaudited)
                                                             $               $

Vehicles                                               291,285         289,970
Less accumulated depreciation                          (81,459)        (88,902)

                                                 -------------     -----------
                                                       209,826         201,068
                                                 =============     ===========

Scheduled maturities of minimum lease payments are as follows:

Period  ending April 30,                                                     $

2002                                                                    68,483
2003                                                                    90,835
2004                                                                    87,656
                                                                   -----------
                                                                       246,974

Less amount representing interest                                       44,956

                                                                 -------------
Present value of net minimum lease payments                            202,018
                                                                 =============

The  scheduled  net  minimum  lease  payments to  maturity  are  included in the
long-term obligation table above.



                                      F-11
<PAGE>

INVU, INC. AND SUBSIDIARIES
(A DEVELOPMENT STAGE ENTERPRISE)


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
--------------------------------------------------------------------------------

                       NOTE F - RELATED PARTY TRANSACTIONS

At April 30,  2001 David  Morgan owed $5,518  ((pound)3,857)  (January  31, 2001
$5,635  ((pound)3,857)) to the Company.  The maximum liability during the period
amounted to $5,635 and the interest  charge  amounted to $Nil  (January 31, 2001
$Nil).

The Company made purchases during the period under normal  commercial terms from
Impakt Software  Limited,  a company owned by Paul O'Sullivan who was a director
of the  Company  during  the  year  and  who  is a  potential  beneficiary  of a
discretionary  trust,  the rest of which  includes  beneficial  ownership of the
Company's  common  stock.  The  percentage of Mr.  O'Sullivan's  interest in the
assets of the trust has not been determined. Total purchases amounted to $27,172
in the three months to April 30, 2001 (Year to January 31, 2001 $85,800) and the
balance  owed by the  Company  at April  30,  2001 was $Nil  (January  31,  2001
$2,233).

                          NOTE G - CONTINGENT LIABILITY

A complaint  was filed  against the Company on February  23, 2001  relating to a
$100,000  demand  promissory  note dated May 1, 2000 and payable to the order of
GEM Advisors Inc (GEM). The note bears interest at a rate of 3% per annum and if
payment is not made upon demand,  the rate  increases to 15% per annum.  GEM was
entitled to convert the unpaid balance and interest into shares of the Company's
Common  Stock if payment was not made on demand.  Demand on the note was made by
GEM on September 21, 2000, subsequently GEM sent the Company a conversion notice
on December  18, 2000  electing to convert the note into  179,643  shares of the
Company's  Common  Stock.  The  note  was  subsequently  converted  and a  share
certificate  was delivered to GEM, which GEM returned to the Company  contending
that the timeliness of the delivery of the share certificate  violated the terms
of the note agreements. Although the Company is unable to predict any outcome of
the litigation, it is the Company's position that GEM made a binding election to
convert  unpaid  amounts due under the note into shares of the Company's  Common
Stock, and that the Company fully satisfied the obligations under the note.

                           NOTE H - SUBSEQUENT EVENTS

Since April 30, 2001,  the Company has received a loan advance of $250,000  from
Vertical  Investments  Limited and $50,000  from  Paysage  Investments  Limited,
companies in which Daniel Goldman, a non-executive director of this Company, has
an interest.

The Company's bank has agreed to a temporary $143,080  ((pound)100,000) increase
in the Company's  short-term  credit facility from May 30, 2001 to June 8, 2001.
The temporary increase will be reduced by $35,770 ((pound)25,000) per week until
June 29, 2001 at which time the  short-term  credit  facility will revert to the
formal facility of $1,144,640 ((pound)800,000).

                                      F-12

<PAGE>

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

         The  following   description  of   "Management's   Plan  of  Operation"
constitutes  forward-looking  statements  for purposes of the  Securities Act of
1933, as amended (" the Securities  Act"),  and the  Securities  Exchange Act of
1934, as amended,  and as such involves known and unknown  risks,  uncertainties
and  other  factors  which  may  cause  the  actual   results,   performance  or
achievements  of INVU,  Inc.,  a Colorado  corporation  (the  "Company"),  to be
materially different from future results,  performance or achievements expressed
or implied by such forward-looking  statements. The words "expect",  "estimate",
"anticipate",  "predict",  "believe",  "plan", "seek", "objective",  and similar
expressions  are  intended to  identify  forward-looking  statements.  Important
factors that could cause the actual  results,  performance or achievement of the
Company  to  differ  materially  from the  Company's  expectations  include  the
following:  (1) one or more  of the  assumptions  or  other  cautionary  factors
discussed in connection with particular  forward-looking statements or elsewhere
in the Company's  Form 10-KSB for the fiscal year ending  January 31, 2001 or in
this Form 10-QSB prove not to be accurate;  (2) the Company is  unsuccessful  in
increasing sales through its anticipated marketing efforts; (3) mistakes in cost
estimates and cost overruns; (4) the Company's inability to obtain financing for
general  operations  including  the  marketing of the  Company's  products;  (5)
non-acceptance  of one or more  products of the Company in the  marketplace  for
whatever  reason;  (6) the  Company's  inability  to supply any  product to meet
market  demand;  (7)  generally  unfavorable  economic  conditions  which  would
adversely effect purchasing  decisions by distributors,  resellers or consumers;
(8) development of a similar competing product at a similar price point; (9) the
inability to successfully integrate one or more acquisitions,  joint ventures or
new  subsidiaries  with the  Company's  operations  (including  the inability to
successfully  integrate  businesses which may be diverse as to type,  geographic
area, or customer base and the diversion of management's attention among several
acquired businesses) without substantial costs, delays, or other problems;  (10)
if the Company  experiences labor and or employment problems such as the loss of
key personnel,  inability to hire and/or retain competent  personnel,  etc.; and
(11) if the Company  experiences  unanticipated  problems  and/or force  majeure
events (including but not limited to accidents,  fires, acts of God etc.), or is
adversely affected by problems of its suppliers,  shippers, customers or others.
All written or oral forward-looking  statements  attributable to the Company are
expressly qualified in their entirety by such factors. The Company undertakes no
obligation   to  publicly   release  the  result  of  any   revisions  to  these
forward-looking  statements which may be made to reflect events or circumstances
after the date  hereof or to reflect the  occurrence  of  unanticipated  events.
Notwithstanding  the foregoing,  the Company is not entitled to rely on the safe
harbor for forward looking  statements under 27A of the Securities Act or 21E of
the Exchange Act as long as the  Company's  stock is classified as a penny stock
within  the  meaning  of Rule  3a51-1  of the  Exchange  Act.  A penny  stock is
generally  defined to be any equity security that has a market price (as defined
in Rule 3a51-1) of less than $5.00 per share, subject to certain exceptions.

         The  following  discussion  should  be read  in  conjunction  with  the
Consolidated Financial Statements, including the notes thereto.

         The Company develops,  markets and sells fully scalable software (under
the  brand  name  of  INVU)  for  the  electronic  management  of all  types  of
information and documents,  such as forms,  correspondence,  literature,  faxes,
e-mail, technical drawings,  electronic files and web pages. Management believes
that the INVU software is simple, intuitive and cost effective, yet powerful.

         The  Company's  objective  is to establish  itself as a leading  global
supplier of information and document management  software and services.  For its
professional  range of  products,  INVU Series 100,  Series 200,  ViewSafe,  and
Series 2000  (formerly  WEBFAST),  the Company  expects to target its  marketing
efforts  initially in the United  Kingdom and the United States on  departmental
users in organizations, distributors and resellers. INVU's SOHO market products,
"WebServant" and  "FileServant,"  continue to be marketed via retail outlets and
the world-wide web. Management believes that this market has been, and continues
to  be,  useful  for  brand  awareness,  and  has  received  inquiries  for  its
professional  series  from this  activity.  Nevertheless,  the  majority  of the
Company's  development and marketing resources are directed to the higher margin
small/medium size enterprise market, or "SME," and corporate professional series
of products.

         In November  1999,  Management  decided to adopt a value added reseller
(VAR) model for sales of its professional  range in the U.K. The Company is also
pursuing  non-exclusive  distributors  for its  products  in other  territories.
Management  is extremely  encouraged  by the number and quality of the resellers
that have been  recruited  to date to sell the  product.  Each VAR is  currently
charged an initial fee of approximately $3000 to become an accredited  reseller,
with a recurring  annual fee  thereafter.  Having  recruited 82  resellers,  the
Company has reviewed its reseller  application  criteria in order to provide end
users with improved service and support  systems.  All resellers must meet these
stringent requirements if they are to retain their INVU accreditation.

                                       1
<PAGE>


         As is  typical  in a VAR based  route to  market,  some  resellers  are
swifter to gain early sales  success than others.  INVU's  experience is similar
with a small  number of resellers  gaining  notable  success soon after  product
adoption. The INVU sales management team has implemented an aggressive marketing
and sales support program with its resellers,  including joint seminars,  direct
mail and joint telephone blitz weeks.

         As a result of this program, many of the recruited resellers now have a
pipeline of end-user  opportunities,  which they are actively  pursuing with the
involvement  of  Company  sales  personnel.  The  level  of end  user  inquiries
continues to grow and these  inquiries are now being  converted  into sales at a
steadily increasing rate. Even more satisfying is the increase in average number
of users per sale and the  significant  reduction in time between  first contact
and order  placement by end users.  Management  believes  that this reflects the
Company's  brand  values of ease of use,  high  quality  and price  performance.
Together  with  the  steady  increase  in  adoption  of the  INVU  range  by SME
companies,  Management is encouraged  by the  continuing  level of interest from
large  organizations  with actual or  anticipated  orders  being  received  from
Balfour  Beatty  (major UK  construction  group),  The Wood Group  (part of Tyco
Group),  Lancashire Fire Brigade,  River Island (Retail Clothing  Group),  Jules
Verne Travel and East Lancashire National Health Service Trust.

         During the quarter  ended April 30, 2001,  sales were  $302,000,  which
represents an increase of 33% over the previous  quarter.  The Company  received
further  orders from Universal  Music Group, a member of the global music,  film
and leisure  group.  The total value of orders  received to date from  Universal
Music Group now exceeds  $200,000 and further orders are anticipated  throughout
the  remainder of the fiscal year ended  January 31, 2002 (the  "Current  Fiscal
Year").  INVU's  technology  integrates  with Universal Music Group's JD Edwards
system,  utilizing  INVU's  unique code free  integration  technology.  Plans to
develop the project into a web-based solution are currently being developed.

         In addition to Universal Music Group, the Company has received a number
of repeat orders from other existing end users.  These include Fleming  Offshore
Bank,  Norweb  (a major  U.K.  utility  company),  Sussex  Police  (a large  law
enforcement  agency in the south of U.K.),  Siemens Traffic  Controls Systems (a
subsidiary of Siemens  Group),  Glasgow  Primary Care Trust (a major  healthcare
provider),  Crystal Holidays and YJL  Construction.  In addition,  Management is
encouraged  by the  growing  number  of SME  companies  that are  adopting  INVU
products. This is seen as further vindication of the Company's overall strategy.
The Company's  sales team continues to target these  enterprises, and Management
believes that its expanding reseller and customer base will continue to generate
steadily increasing sales levels during the Current Fiscal Year.

         Throughout  the three  months  ended  April 30,  2001,  the Company has
continued to develop its software products.

         The Company's  professional range of products,  INVU Series 100, Series
200 and ViewSafe,  were first introduced in beta format in October 1999. Version
5.1 was released to  distributors  in May 2000, and the latest version 5.1.1 was
released to distributors  in March 2001. Each subsequent  version has built upon
the  original  premise  of ease of use,  functionality  and  price  performance.
Enhancements  have  been  added in the  light of  customer  feedback  and due to
technical advances achieved by the Company's development department.

         The Company has successfully developed a highly sophisticated code free
integration  tool for use with the INVU  professional  range of  products.  This
allows  INVU  products  to be  linked to any other  Windows(TM)  or  Windows(TM)
emulation-based applications.  For instance, an INVU scanned image of a supplier
invoice can be retrieved directly from an accounts software application. This is
achieved  without  the need for  further  software  development  and gives  INVU
resellers  the ability to add  considerable  value to the INVU product  offering
without the difficulty and cost of hiring and managing development  programmers.
Management  believes  the use of this  product  for the  Universal  Music  Group
project and other  projects  has  significantly  reduced  cost and  installation
timescales for the Universal Music Group.  The Company believes that this unique
product  provides a  significant  competitive  advantage  when compared to other
information and document management technologies. During the quarter ended April
30, 2001,  sales of the  "codefree"  module have been  widespread and Management
expects this trend to continue throughout the Current Fiscal Year.

         INVU Series 2000  (formerly  INVU  WEBFAST)  continues to be developed.
This product  allows global access to retrieve,  view,  create or edit, and file
information  via the web.  Management  believes  that this product will form the
basis of future  developments  for many of its existing and future end users. In
view of customer  driven  demands  for various  other  unique  features  for the
existing  professional  range,  Management  now  estimates  that this product is
expected to be released to distributors in late 2001 or early 2002.  However,  a
web browser  "view only" product is expected to be released in the third quarter
of the Current Fiscal Year.  Management believes this technology will place INVU
in direct  competition  with

                                       2
<PAGE>

the world's most established document management  solutions providers,  but at a
significantly discounted price level.

         Management  anticipates  the  completion  of  development  on a  highly
sophisticated  content  addressable  indexing and  retrieval  system  during the
second quarter of the Current Fiscal Year. This development will allow access to
data and documents through intelligent  frequency of word and phrase recognition
and  semantic  networking.  Scanned  images  can be  converted  into text  using
standard Optical Character Recognition technology, and even poor quality scanned
images can yield words and phrases that INVU's  technology  will  retrieve.  The
Company expects this product to further enhance filing and retrieval  speeds for
organizations  with large multiple data storage  requirements  across  networks,
intranets, extranets and the internet.

          Company  software   engineers  have  also  successfully   developed  a
prototype information management internet service. Management believes that this
service  will  allow  advanced  internet  information  management  within  fully
encrypted   secure   databases.   Management   believes  that   individuals  and
corporations  will be able to  store  their  documents  on an INVU  web site and
access and update them in real time, via password and pin number controls,  from
anywhere  in  the  world.  Development  work  continues  on  this  project,  and
Management  anticipates a beta release date later in 2001.  Management  will not
release  this  product  publicly  until a  satisfactory  security  system can be
embedded.

          INVU's development team has produced a prototype module,  which allows
speech files to be stored within the INVU central database.  As with all records
stored within INVU, these can be attached to other  corresponding  files.  Using
advanced  compression  techniques,  this application is capable of storing 2,800
hours of recorded  sound on a standard 40 gigabyte hard disk.  With the addition
of a "raid card"  attached  to a 10 disk  storage  system,  end users can obtain
28,000 hours of storage space for approximately $2,000. Management believes this
application  has widespread  appeal within many different  environments  such as
call centers, patient records in hospitals,  oral statements for lawyers, police
interviews,  etc.  The  anticipated  release date for this product is the second
quarter of this Current Fiscal Year.

         In view of the Company's improving financial position and its objective
of reaching a monthly  break-even during the third quarter of the Current Fiscal
Year, Management has reviewed its resource requirements for the remainder of the
Current Fiscal Year.  Management recognizes that additional technical staff will
be required  in order to fulfill the  Company's  ambitious  product  development
plans.  There is also a requirement for further sales support  personnel to deal
with the  ever-increasing  rate of sales inquiries.  Both these personnel issues
have been addressed, and new staff are currently being recruited.

          Throughout the quarter ended April 30, 2001,  Management has continued
to  develop  relationships  with  potential  investors.  This  has  resulted  in
agreements to provide additional funding as described in "Financing Management's
Plan of Operation."

         Results of Operations

         The  following is a  discussion  of the results of  operations  for the
three months ended April 30,  2001,  compared  with the three months ended April
30, 2000, and changes in financial condition during the three month period ended
April 30, 2001.

         Net sales for the three  months  ended  April 30,  2001 were  $302,016,
which  compares to $12,943 sales for the three months ended April 30, 2000.  The
Company's  strategy to sell its  professional  range of products via VARs (value
added  resellers)  continues to be vindicated with sales  increasing by 33% when
compared to the fourth  quarter of the fiscal year ended  January 31, 2001.  The
INVU sales  management  team has  implemented an aggressive  marketing and sales
support program with its resellers,  including  joint seminars,  direct mail and
joint telephone blitz weeks. As a result of this program,  many of the recruited
resellers now have a pipeline of end-user opportunities, which they are actively
pursuing with the involvement of Company sales personnel.  The level of end user
inquiries  continues to grow, and these  inquiries are now being  converted into
sales at a steadily increasing rate.

         The net loss for the three  months  ended April 30, 2001 was  $282,863,
which is significantly  less than the net loss for the  corresponding  period in
2000 of $523,517 due to increased sales of $289,073.  As compared with the three
months  ended  April 30,  2000,  the  Company  incurred  increased  selling  and
distribution  costs of $457,  research  and  development  costs of $50,327,  and
production  costs of $16,832.  However,  administrative  costs were $38,589 less
than the corresponding period ended April 30, 2000.

         Selling and distribution  expenditures  reflect the Company's continued
investment  in personnel  and sales and

                                       3
<PAGE>

marketing  activities,  including  trade shows,  product launch and  advertising
costs, but with an emphasis on the Company's professional range of products. The
Company  continues  to invest  heavily in the  development  of existing  and new
products, and, therefore,  has increased expenditures in this area over the last
year. The increases in administrative  expenditure  during the fiscal year ended
July 31, 2001 have evened out, and the Company's  administrative  infrastructure
is more suitably  matched to its scale of operations.  Production costs per unit
have also  fallen  significantly  due to  economies  of scale,  mass  production
techniques and improved supply terms.

         In the three month period ended April 30,  2001,  the Company  incurred
net interest  expense of $50,709  compared with net interest  expense of $31,317
for the three month period ended April 30, 2000.  This  increase is entirely due
to increased bank facilities.  Management expects these costs to fall as soon as
additional  equity  investment  funding  is  secured.  Interest  costs will also
decrease  when net revenues are  adequate to generate  net cash  inflows,  which
Management predicts will occur in quarter three of the Current Fiscal Year.

         The tax rates for the periods in question are zero due to a net loss in
each period.

         The total  current  assets of the  Company  were  $643,018 at April 30,
2001, an increase of $186,681 compared to $456,337 at January 31, 2001.  Working
capital was negative  $2,508,621  as of April 30, 2001,  compared  with negative
$2,256,025 as of January 31, 2001.  These changes are mainly due to increases in
accounts receivable and prepaid expenses,  and decreases in accounts payable and
short term credit facilities.

         Total  assets  of the  Company  were  $959,288  at April 30,  2001,  an
increase  of  $191,006  compared  to  $768,282  at  January  31,  2001.  This is
attributable  to  increases  in fixed  assets of $4,325  and  current  assets of
$186,681.

         The total current liabilities of the Company increased by $439,277 from
$2,712,362 at January 31, 2001 to  $3,151,639  at April 30, 2001.  The change in
current  liabilities  is due to  decreases  in accounts  payable of $192,160 and
short term credit facilities of $388,495 and increases in current  maturities of
long-term  obligations of $1,005,980 and accrued  liabilities of $13,952.  This,
together  with the decrease in long-term  obligations  less current  maturities,
reflects the  replacement  of  short-term  credit  facilities  with a short term
unsecured loan from a minority  shareholder of the Company of $1,000,000 and the
subsequent  repayment of accounts  payable.  See "Financing  Management  Plan of
Operation."  Long-term  obligations  less current  maturities were $1,947,653 at
April 30, 2001 compared to $1,962,635 at January 31, 2001.

         Total stockholders' equity decreased by $233,289 during the three month
period ended April 30, 2001 from a deficit of  $3,906,715 at January 31, 2001 to
a deficit of  $4,140,004  at April 30, 2001.  The Company  continues to evaluate
various financing  options,  including issuing debt and equity to finance future
development  and marketing of products  during the  transitional  period between
development and operational stages.

         Financing Management's Plan of Operation

         The Company  remains  committed to raising the  necessary  funds and is
engaged in or presently pursuing the following financing transactions.

         As of January 31, 1999, the Company had agreed to borrow $656,000 at an
annual interest rate of 8% by way of a secured  short-term loan. In August 1999,
the Company  raised  $1,000,000 by way of a private  placement,  the proceeds of
which were used,  among other things,  to pay off the short-term  loan described
above.  In March 2000,  the Company  received a  non-interest  unsecured loan of
$571,500 from an individual with no stated maturity date.  Since April 30, 2001,
the Company has received loan  advances of $250,000  from  Vertical  Investments
Limited and $50,000 from Paysage  Investments  Limited,  both companies in which
Daniel Goldman,  a non-executive  director of the Company,  has an interest.  No
stated maturity date or interest rate has been established for the advances.  In
addition, the Company has a $1,144,640 short-term credit facility with an annual
interest  rate of 7.5% with an English bank.  This facility  matures on July 31,
2001.  The Company  believes  that at such  maturity  date the facility  will be
extended.  The Company's bank has agreed to temporary  borrowings of $286,160 in
excess of the formal  facility  and to reduce this figure by $143,080 on May 30,
2001, with further weekly  reductions of $35,770  commencing on June 8, 2001 and
finishing  on June 29,  2001  when  the  facility  will  revert  to  $1,144,640.
Management  made the initial  payment on May 30 and fully expects to comply with
this  schedule.  The  credit  facility  is  collateralized  by all assets of the
Company  and a corporate  guarantee  given by Vertical  Investments  Limited,  a
company in which Daniel Goldman, a non-executive  director of this Company,  has
an  interest.  The amount  drawn  against  the  facility  at April 30,  2001 was
$1,294,480.

         In  February  2001,  Goldman  Investments  Limited,  an entity in which
Daniel Goldman, a non-executive  director of

                                       4
<PAGE>

the Company, has an interest, lent the Company $1,000,000. Although the specific
terms of the loan,  including the interest rate and maturity date, have not been
finalized,  to the extent  that the loan  contains  a  conversion  feature,  the
Company may be required to recognize an accounting charge equal to the amount by
which the  aggregate  market value of the Common Stock into which the loan could
be converted exceeds the value of the loan.  Approximately  $500,000 of the loan
was used to reduce the amount owed by the Company  under the  short-term  credit
facility described above with the remaining $500,000 used for working capital.

         The  Company is in the process of  conducting  an offering of shares of
Company  Common Stock  pursuant to an exemption  under the  Securities  Act. Any
securities  offered  in  such  placement  will  not be or  will  not  have  been
registered  under the Securities Act, and thus may not be offered or sold in the
United States absent  registration or an applicable  exemption from registration
requirements.

         Goldman  Investments  Limited  may  elect to have the  $1,000,000  loan
considered  as part of the  placement  and thus  counted  towards the $2 million
(prior to commissions  and other  expenses) that the Company is seeking to raise
in the placement.

         Management estimates that the placement, if consummated,  would fulfill
the  Company's  capital   requirements,   including  the  payment  of  any  loan
obligations  described  above,  for a period  up to the point at which net sales
revenues could sustain the Company's day to day operations.  Management believes
that, subject to this additional investment, monthly break-even will be achieved
in the third fiscal quarter of the Current Fiscal Year. There can,  however,  be
no assurance that the above  transaction  will be consummated,  that the Company
will be able to achieve  monthly  break-even in the third fiscal  quarter of the
Current  Fiscal  Year,  or that  additional  debt or  equity  financing  will be
available,  if and when needed,  or that, if available,  such financing could be
completed  on  commercially   favorable  terms.  Failure  to  obtain  additional
financing  if and when  needed,  could  have a  material  adverse  affect on the
Company's business, results of operations and financial condition.  Please refer
to Note B of the  Consolidated  Financial  Statements in  conjunction  with this
paragraph regarding the Company's ability to continue as a going concern.

PART II. OTHER INFORMATION

Item 1.  Legal Proceedings.

         In 1998, the Company filed an application for trademark registration of
its "INVU" mark in the United  Kingdom.  This  application was opposed by France
Cables et Radio,  who challenged the Company's  right to protect the "UNVU" mark
and asked for a denial of registration.

         The  opposition  case with Frances Cable began on September 3, 1998 and
was  assigned  case  number  48955.  Frances  Cable  asserted  that  there was a
likelihood  of confusion  with its own  tradename.  At a hearing on February 20,
2001,  the hearing  officer  determined  that the marks of Frances Cable and the
Company are sufficiently different such that there is no likelihood of confusion
between the two. Frances Cable did not appeal the decision.

         Please see Part I. Item 3. of the Company's  10-KSB for the fiscal year
ended January 31, 2001 for a discussion of other existing  litigation  involving
the Company.

Item 2.  Changes in Securities.

         None

Item 3.  Default Upon Senior Securities.

         None

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

         None

Item 5.  Other Information.

         None

                                       5
<PAGE>


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

         None


EXHIBITS

10.1     Overdraft Facility,  dated October 19, 2000, by and between the Company
         and the Bank of Scotland  (incorporated by reference to Exhibit 10.1 of
         the  Company's  Quarterly  Report on Form 10-QSB for the quarter  ended
         July 31, 2000).

10.2     Corporate Guarantee,  dated October 18, 2000, by and among the Company,
         Invu Plc, Invu Services Limited,  Invu  International  Holdings Limited
         and the Bank of Scotland  (incorporated by reference to Exhibit 10.2 of
         the  Company's  Quarterly  Report on Form 10-QSB for the quarter  ended
         July 31, 2000).

10.3     Debenture,  dated October 13, 2000,  by and between Invu  International
         Holdings Limited and the Bank of Scotland (incorporated by reference to
         Exhibit 10.3 of the Company's  Quarterly  Report on Form 10-QSB for the
         quarter ended July 31, 2000).

                                       6

<PAGE>

                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended,  the Registrant  has duly caused this Quarterly  Report to be signed on
its behalf by the undersigned thereunto duly authorized.

                                            INVU, INC.
                                            (Issuer)



Date:    June 5, 2001                       By:  /s/ David Morgan
                                               ---------------------------------
                                               David Morgan, President &
                                               Chief Executive Officer
                                               (Principal Executive Officer)


Date:     June 5, 2001                      By: /s/ John Agostini
                                               ---------------------------------
                                               John Agostini, Vice President-
                                               Chief Financial Officer &
                                               Secretary
                                               (Principal Financial Officer)






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<PAGE>



                                INDEX TO EXHIBITS
(a)  Exhibits

Exhibit
Number                       Description of Exhibit

10.1     Overdraft Facility,  dated October 19, 2000, by and between the Company
         and the Bank of Scotland  (incorporated by reference to Exhibit 10.1 of
         the  Company's  Quarterly  Report on Form 10-QSB for the quarter  ended
         July 31, 2000).

10.2     Corporate Guarantee,  dated October 18, 2000, by and among the Company,
         Invu Plc, Invu Services Limited,  Invu  International  Holdings Limited
         and the Bank of Scotland  (incorporated by reference to Exhibit 10.2 of
         the  Company's  Quarterly  Report on Form 10-QSB for the quarter  ended
         July 31, 2000).

10.3     Debenture,  dated October 13, 2000,  by and between Invu  International
         Holdings Limited and the Bank of Scotland (incorporated by reference to
         Exhibit 10.3 of the Company's  Quarterly  Report on Form 10-QSB for the
         quarter ended July 31, 2000).







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