UNITED STATES
                       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 March 31, 2000.

[ ]  Transition  Report  Pursuant  under  Section 13 or 15(d) of the  Securities
Exchange  Act  of  1934  for  the  transition   period  from   ____________   to
____________.

Commission file number 0-21070

                             ITEC ATTRACTIONS, INC.
            (Exact name of small business issuer as specified in its
charter.)

         Nevada                                        66-0426648
         ------                                        ----------
(State of Incorporation)                       (IRS Employer Identification No.)

          3562 Shepherd of the Hills Expressway Branson, Missouri 65616
          -------------------------------------------------------------
                    (Address of principal executive offices)

                                 (417) 335-3533
                                 --------------
                           (Issuer's telephone number)



Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or Section 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

Check whether the  registrant  filed all  documents  and reports  required to be
filed by Section 12, 13, or 15 (d) of the Securities  Exchange Act of 1934 after
the distribution of securities under a plan confirmed by a court.
                                    Yes X   No

The number of shared  outstanding of the issuer's common stock,  $.001 par value
as of March 31, 2000 is 7,937,638 shares.

Transitional Small Business Disclosure Format (check one): Yes   No X



<PAGE>



                             ITEC ATTRACTIONS, INC.


                                TABLE OF CONTENTS


PART 1.  FINANCIAL INFORMATION

Item 1.    Financial Statements



                                                                    Page Number
                                                                    -----------

Condensed Balance Sheet
March 31, 2000      .........................................................1


Condensed Statements of Operations
  Three Months Ended March 31, 2000
  And March 31, 1999 ........................................................2


Condensed Statements of Cash Flows
  Three Months Ended March 31, 2000
  And March 31, 1999 ........................................................3


Notes to Condensed Financial Statements  ....................................4


Item 2.  Management's Discussion and Analysis
  Or Plan of Operation  .....................................................5


PART II.  OTHER INFORMATION  ................................................8



<PAGE>
                              ITEC ATTRACTIONS, INC
                             Condensed Balance Sheet
                                   (Unaudited)

<TABLE>
<CAPTION>

                                                                               March 31,                March 31,
                      ASSETS                                                    2000                    1999
                      ------                                                  ---------                ---------
          <S>                                                                <C>                     <C>

          Current assets:
             Cash and cash equivalents                                       $        23,483                  146,472
             Receivables                                                              45,556                   19,183
             Inventories                                                             145,994                  112,125
             Prepaid expenses                                                         77,279                   46,941
             Prepaid leases-current                                                  166,915                  166,915
                                                                             ---------------         ----------------

                      Total current assets                                           459,227                  491,636


          Property and equipment, net                                              5,775,271                5,845,618
          Prepaid leases-non current                                                 923,459                1,090,374
          Deposits                                                                    11,187                   13,088
                                                                             ---------------         ----------------


                      TOTAL ASSETS                                           $     7,169,144                7,440,716
                                                                             ===============         ================

                      LIABILITIES AND STOCKHOLDERS' EQUITY
                      ------------------------------------

          Current liabilities:
             Accounts payable                                                $       260,398                  263,305
             Accrued expenses                                                        272,825                  308,062
             Current portion of long-term debt                                       179,333                  136,826
                                                                             ---------------         ----------------

                      Total current liabilities                                      712,556                  708,193

          Accrued lease expense                                                      380,348                  324,000
          Long-term debt                                                           3,255,328                3,470,984
          Security deposits                                                           17,700                   20,500
                                                                             ---------------         ----------------

                      Total liabilities                                            4,365,932                4,523,677
                                                                             ---------------         ----------------

          Stockholders' equity
             Common stock, $.001 par value.  Authorized 40,000,000
                shares, issued and outstanding 7,937,638 shares as of
                March 31, 2000                                                         7,938                    7,938
             Additional paid-in capital                                           10,781,076               10,781,076
             Accumulated deficit                                                  (7,985,802)              (7,871,975)
                                                                             ---------------         ----------------

                      Net stockholders' equity                                     2,803,212                2,917,039
                                                                             ---------------         ----------------

                      TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY             $     7,169,144                7,440,716
                                                                             ===============         ================

</TABLE>

            See accompanying notes to condensed financial statements.


                                        1


<PAGE>


                             ITEC ATTRACTIONS, INC.
                       Condensed Statements of Operations
                                   (Unaudited)
<TABLE>
<CAPTION>




                                                                             Three Months Ended
                                                                                 March 31,
                                                                          2000                1999
                                                                    ---------------    -----------------
         <S>                                                        <C>                <C>


         Revenue:
             Theater and concession                                 $       328,612    $        248,635
             Restaurant and deli                                            201,498             188,482
             Gift shop                                                       46,866              43,838
             Mall operation                                                 100,412              97,111
                                                                    ---------------    -----------------

                                                                            677,388             578,066
                                                                    ---------------    -----------------

         Direct Expense:
             Theater and concession                                         236,410             193,212
             Restaurant and deli                                            262,263             232,473
             Gift shop                                                       44,699              36,284
             Mall operations                                                 79,080              78,861
                                                                    ---------------    -----------------

                                                                            622,452             540,830
                                                                    ---------------    -----------------

         Gross Profit                                                        54,936              37,236
                                                                    ---------------    -----------------

             General and administrative                                     204,650             200,562
             Advertising and marketing                                      173,556             188,592
             Depreciation and amortization                                  115,556             111,355
                                                                    ---------------    -----------------

                                                                            493,762             500,509
                                                                    ---------------    -----------------

        Operating Loss                                                     (438,826)           (463,273)

        Other (income) expense:
             Interest income                                                 (3,489)             (3,473)
             Interest expense                                                74,762              82,101
                                                                    ---------------    -----------------
                Other income (expense), net                                  71,273              78,628
                                                                    ---------------    -----------------

        Income before provision for income taxes                           (510,099)           (541,901)

        Income tax expense                                                        -                   -
                                                                    ---------------    -----------------

                Net Loss                                            $      (510,099)           (541,901)
                                                                    ===============    =================

        Net Loss per common share                                   $          (.06)   $           (.07)
                                                                    ===============    =================

        Weighted average common
           shares outstanding                                             7,937,638           7,937,638


</TABLE>


            See accompanying notes to condensed financial statements.

                                        2
<PAGE>


                            ITEC ATTRACTIONS, INC.
                      Condensed Statements of Cash Flows
                                 (Unaudited)
<TABLE>
<CAPTION>



                                                                                               Three Months Ended
                                                                                                    March 31,
                                                                                          2000                1999
                                                                                   ----------------    -----------------
      <S>                                                                          <C>                 <C>

      Cash flows from operating activities:
         Net loss                                                                  $       (510,099)   $        (541,901)
         Adjustments to reconcile net loss to net cash
           used in operating activities:
             Depreciation and amortization                                                  115,556              111,355
             Changes in operating assets and liabilities:
               Decrease (increase) in receivables                                            35,132               (4,192)
               Decrease (increase) in inventories                                           (50,241)             (33,317)
               Decrease (increase) in deposits & prepaid expenses                            12,928              (36,039)
               Decrease (increase) in prepaid leases                                         41,729               41,729
              Increase (decrease) in accounts payable and other accrued expenses            (32,203)              40,635
                                                                                   ----------------    -----------------

                               Net cash used in operating activities                       (387,198)            (421,730)
                                                                                   ----------------    -----------------

      Cash flows used in investing activities:
         Capital expenditures                                                              (199,406)             (61,865)
                                                                                   ----------------    -----------------

                               Net cash used in investing activities                       (199,406)             (61,865)
                                                                                   ----------------    -----------------

      Cash flows from financing activities:
         Increase in capital lease obligations                                               14,087               14,087
         Principal payments on long-term debt                                               (48,706)             (38,780)
                                                                                   ----------------    -----------------

                              Net cash used in financing activities                         (34,619)             (24,693)
                                                                                   ----------------    -----------------

      Decrease in cash and cash equivalents                                                (621,223)            (508,288)

      Cash and cash equivalents at beginning of period                                      644,706              654,760
                                                                                   ----------------    -----------------

      Cash and cash equivalents at end of period                                   $         23,483    $         146,472
                                                                                   ================    =================

      Supplemental cash flow information:

        Cash paid during the period for interest                                   $         74,762    $          82,101

</TABLE>



            See accompanying notes to condensed financial statements.


                                        3



                             ITEC ATTRACTIONS, INC.

                     Notes to Condensed Financial Statements
                                 March 31, 2000
                                   (Unaudited)


NOTE 1.  BASIS OF PRESENTATION


         ITEC  Attractions,   Inc.  (formerly  known  as  International  Tourist
Entertainment  Corporation)  (the  "Company")  commenced  operations in October,
1993. The accompanying interim condensed financial statements are unaudited, but
in the opinion of  management  reflect  all  adjustments  (consisting  of normal
recurring  accruals)  necessary for a fair  presentation of the results for such
periods.  The results of operations for any interim  period are not  necessarily
indicative of results for the respective full year.  These  condensed  financial
statements should be read in conjunction with the financial statements and notes
thereto  contained in the  Company's  annual  report of form 10-KSB for the year
ended December 31, 1999.




                                       -4-

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


The following  discussion and analysis  provides  information  which  management
believes  is  relevant  to an  assessment  and  understanding  of the results of
operations and financial condition of ITEC Attractions, Inc. This discussion and
analysis  should be read in conjunction  with the financial  statements  related
notes and Management's  Discussion and Analysis or Plan of Operation included in
the Company's Report on Form 10-KSB for the year ended December 31, 1999.

ITEC  Attractions,  Inc. began  operations  with the opening of its giant screen
theater and mall facility in Branson, Missouri in October 1993. This facility is
known as the IMAX  Entertainment  Complex.  The Complex contains a 532 seat IMAX
theater with a screen that is 62 feet tall and 83 feet wide.  In  addition,  the
facility  includes an enclosed  shopping mall with  approximately  22,000 square
feet of retail space.  McFarlain's,  a family  restaurant in the mall,  has been
owned and operated by the Company  since May 1, 1995.  During the quarter  ended
March  31,  1997,  the  Company  acquired  assets  to  begin  the  operation  of
McFarlain's  Back Porch, an express deli and bakery which is also located in the
mall. The Back Porch is currently  being  converted to The IMAX Food Court.  The
IMAX Food Court will include  franchises  for Quiznos Subs,  Baskin  Robbins Ice
Cream,  and  Breadeaux  Pizza.  The Company  expects the IMAX Food Court to open
about May 15, 2000. In 1994, the Company began selling gift items related to the
films which were being exhibited in the theater or which are  representative  of
the  lifestyle  of the Ozarks.  This  operation  has  evolved  into the Legacy &
Legends  Gift Shop,  which has been one of the  Company's  most  profitable  and
fastest  growing  departments.  Fourteen  other  shops and kiosks are  currently
leased to third  parties.  In December  1997,  the Company  installed a new 35mm
projection  system, in addition to its IMAX giant screen projection  system, and
began  showing  feature  35mm films each  evening in  addition to the IMAX giant
screen film presentations.

In March 1998, the Company  completed the construction of a 210 seat theater for
live performances in the complex.  Mike Radford's  Remember When Show and Jimmie
Rodgers Remembers perform daily in this theater.

During the quarter ending September 30, 1998, the Company  completed an addition
to the McFarlain's  restaurant that increased seating by 133 people. This is the
second major  expansion of the  restaurant  during the last two and a half years
and brings the total seating to over 655 people.

RESULTS OF OPERATIONS

Revenues for the quarter ended March 31, 2000 increased 17.1 percent to $677,388
as compared to $578,066 for the same quarter of the previous year. For the three
months, the Company reported revenue increases in all areas of operations.


                                       -5-

<PAGE>




Direct  operating  expenses were $622,452 for the reporting  quarter ended March
31, 2000 representing 91.8 percent of sales, as compared to expenses of $540,830
or 93.6 percent of sales,  for the  comparable  period of the previous year. The
reduction  in direct  operating  expense  as a  percentage  of  revenue  for the
three-month  period,  is a  result  of an  expense  reduction  program  that was
implemented in early 1999.

General and administrative  expenses were $204,650 and advertising and marketing
were  $173,556 for the quarter  ended March 31, 2000 as compared to $200,562 and
$188,592 respectively for the same period in 1999.

Interest  expense was $74,762 and $82,101 for the quarters  ended March 31, 2000
and 1999 respectively.

The net loss was $510,099 for the reporting  period compared to $541,901 for the
same period of the previous year.

LIQUIDITY AND CAPITAL RESOURCES

As of March 31, 2000 current assets totaled $459,227,  while current liabilities
totaled $712,556. The Company's current ratio at March 31, 2000 was .64 to 1.00.

The Company maintains a $400,000 line of credit facility with a commercial bank.
No borrowings  were made under the line of credit during the reporting  quarter.
This  credit  facility  is  secured  by a second  deed of  trust on the  theater
complex.

Going  forward,  the Company  expects to be able to finance its  operations  and
immediate capital requirements from currently available capital,  cash flow from
operations, and available sources of borrowings including the line of credit.

FORWARD-LOOKING STATEMENTS

When  used in this  Form  10-QSB,  in  other  filings  by the  Company  with the
Securities  and Exchange  Commission,  in the Company's  press releases or other
public  or  stockholder  communications,  or in oral  statements  made  with the
approval of an authorized executive officer of the Company, the words or phrases
"would be," "will allow," "intends to," "will likely result," "are expected to,"
"will continue," "is anticipated," "estimate," "project," or similar expressions
are intended to identify "forward-looking  statements" within the meaning of the
Private Securities Litigation Reform Act of 1995.






                                       -6-

<PAGE>



The Company cautions readers not to place undue reliance on any  forward-looking
statements,  which  speak  only  as of the  date  made,  are  based  on  certain
assumptions  and  expectations  which may or may not be valid or actually occur,
and which involve various risks and uncertainties,  including but not limited to
risk of product demand,  market  acceptance,  economic  conditions,  competitive
products and pricing,  difficulties in product  development,  commercialization,
and technology,  and other risks. In addition,  sales and other revenues may not
commence and/or continue as anticipated due to delays or otherwise. As a result,
the Company's  actual  results for future periods could differ  materially  from
those anticipated or projected. Please refer to the "Management's Discussion and
Analysis or Plan of Operation"  that is found in the Company's  Annual Report on
Form 10-KSB for the period ended December 31, 1999, for more details.

Unless otherwise required by applicable law, the Company does not undertake, and
specifically disclaims any obligations, to update any forward-looking statements
to reflect  occurrences,  developments,  unanticipated  events or  circumstances
after the date of such statement.













                                       -7-

<PAGE>



                           PART II. OTHER INFORMATION


Item 1.           Legal Proceedings
                  -----------------

                  There are no material legal  proceedings  pending to which the
                  Company  is a party or of  which  any of its  property  is the
                  subject.

Item 2.           Changes in Securities
                  ---------------------

                  Not applicable.

Item 3.           Defaults Upon Senior Securities
                  -------------------------------

                  Not applicable.

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

                  Not applicable.

Item 5.           Other Events
                  ------------

                  None

                                       -8-


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

                  A.  Exhibits:
                  4.1  Specimen   Certificate   for  the  common  stock  of  the
                  Registrant  (incorporated  by  reference  to the  Registrant's
                  Registration   Statement   on  Form  S-1,   Registration   No.
                  33-48630).

                  10.3  Ground  Lease  Agreement  dated  July 27,  1993  between
                  Treasure Lake R.V.  Resort Camping Club,  Inc. and the Company
                  (incorporated  by reference to Registration  Statement on Form
                  S-1, Registration No. 33-64132).

                  10.4 Loan  Agreement  dated July 30,  1993  secured by Deed of
                  Trust  for  loan  from  the  Bank  of  America  (successor  to
                  Boatman's  Bank),  the Company  (incorporated  by reference to
                  Registration   Statement   on  Form  S-1,   Registration   No.
                  33-64132).

                  10.5 Deed of Trust  dated July 30, 1993 for benefit of Bank of
                  America,  Branson,  Missouri  (successor  to Boatman's  Bank),
                  (incorporated  by reference to Registration  Statement on Form
                  S-1, Registration No. 33-64132).

                  10.10 Distribution  Agreement dated July 14, 1995 between IMAX
                  Corporation and the Company (incorporated by reference to Form
                  10-KSB for the year ended June 30, 1996).

                  10.12 Third Modification Agreement dated March 1, 1997 between
                  the Bank of  America  (successor  to  Boatman's  Bank) and the
                  Company (incorporated by reference to Form 10-KSB for the year
                  ended June 30, 1996).

                  10.13 System Lease  Agreement as amended  dated August 1, 1993
                  between  IMAX  Corporation  and the Company  (incorporated  by
                  reference to Form 10-KSB for the year ended June 30, 1996.

                  10.14 Ground Lease  Agreement  dated December 18, 1999 between
                  Treasure Lake RV Resort Camping Club, Inc. and the Company.

                  27.1  Financial Data Schedule for the 3 months ended March 31,
                  2000.

                  B. Reports on Form 8-K:
                     --------------------

                  No  reports  on Form  8-K  were  filed  during  the  reporting
                  quarter.



                                       -9-

<PAGE>





                                   SIGNATURES




In accordance with the requirements of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                                ITEC Attractions, Inc.



Date              5/10/00                       /s/ Paul M. Bluto
                  -------                       -----------------
                                                Paul M. Bluto
                                                Chairman and
                                                Principal Financial Officer
                                                Chief Executive Officer




Date              5/10/00                       /s/ Paul E. Rasmussen
                  -------                       ---------------------
                                                Paul E. Rasmussen
                                                President
                                                Chief Operating Officer