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 June 30, 2001.

[ ] Transition Report Under  Section 13 or 15(d) of  the Securities Exchange Act
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 shares  outstanding of the issuer's common stock, $.001 par value,
as of June 30, 2001 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
  June 30, 2001...............................................          1


Condensed Statements of Operations
  Three and Six Months Ended June 30, 2001 and 2000...........          2


Condensed Statements of Cash Flows
  Six Months Ended June 30, 2001 and  2000....................          3


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


Item 2.  Management's Discussion and Analysis
  Of Financial Condition and Results of Operations............          6


PART II.  Other Information...................................         10

<PAGE>

                             ITEC Attractions, Inc.

                             Condensed Balance Sheet
                                   (Unaudited)



                                                                      June 30,
                     ASSETS                                            2001
                     -------                                          ---------

Current assets:
   Cash                                                          $       85,895
   Receivables                                                           61,387
   Inventories                                                          452,329
   Prepaid expenses                                                      81,956
   Prepaid leases-current                                               166,915
                                                                 ---------------

           Total current assets                                         848,482


Property and equipment, net of accumulated depreciation
   of $2,473,425                                                      6,483,408
Prepaid leases-non current                                              714,816
Deposits                                                                 18,787
                                                                 ---------------


           TOTAL ASSETS                                               8,065,493
                                                                 ===============

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

Current liabilities:

   Accounts payable                                                     322,309
   Accrued expenses                                                     261,853
   Current portion of long-term debt                                    260,752
                                                                 ---------------

           Total current liabilities                                    844,914

Accrued lease expense                                                   450,782
Long-term debt                                                        4,295,236
Deferred revenue                                                         14,575
Deposits                                                                 15,200
Interest rate swap agreement                                            343,946
                                                                 ---------------

           Total liabilities                                          5,964,653

Stockholders' equity
   Common stock, $.001 par value.  Authorized 40,000,000
      shares, issued and outstanding 7,937,638 shares                     7,938
   Additional paid-in capital                                        10,781,076
   Accumulated deficit                                               (8,688,174)
                                                                 ---------------

           Total stockholders' equity                                 2,100,840
                                                                 ---------------

           TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY            $    8,065,493
                                                                 ===============

See accompanying notes to condensed financial statements.

                                        1

<PAGE>


                             ITEC Attractions, Inc.
                       Condensed Statements of Operations
                                   (Unaudited)

<TABLE>
<CAPTION>


                                                     Three Months Ended                     Six Months Ended
                                                          June 30,                              June 30,

                                                     2001             2000                2001              2000
                                                 -----------      -----------          -----------       -----------
<S>                                             <C>              <C>                <C>                <C>
Revenue:
    Theater and concession                      $   653,103      $   760,408        $     911,491      $  1,089,020
    Food Service                                    926,922          838,151            1,172,592         1,039,649
    Gift shops                                      300,624          161,044              376,963           207,910
    Mall operations                                 107,838          110,674              197,420           208,839
                                                ------------     ------------       --------------    --------------
                                                  1,988,487        1,870,277            2,658,466         2,545,418
                                                ------------     ------------       --------------    --------------
Direct Expense:
    Theater and concession                          361,304          405,034              588,798           641,443
    Food Service                                    712,200          693,564              976,709           953,577
    Gift shops                                      193,941          112,007              274,585           156,707
    Mall operations                                  87,986           89,538              170,584           168,617
                                                ------------     ------------       --------------    --------------
                                                  1,355,431        1,300,143            2,010,676         1,920,344
                                                ------------     ------------       --------------    --------------

Gross Profit                                        633,056          570,134              647,790           625,074
                                                ------------     ------------       --------------    --------------

Operating Expense:
    General and administrative                      172,070          198,216              345,834           402,866
    Advertising and marketing                       190,076          202,310              338,720           375,866
    Depreciation and amortization                   122,936          124,541              241,578           240,097
    Loss(gain) on derivative financial
      instruments                                   (65,715)               -               45,812                 -
                                                ------------     ------------       --------------    --------------
                                                    419,367          525,067              971,944         1,018,829
                                                ------------     ------------       --------------    --------------

Operating Income(loss)                              213,689           45,067             (324,154)         (393,755)

Other Income (Expense):
    Interest income                                     527              833                1,818             4,322
    Interest expense                                (91,240)         (81,516)            (177,822)         (156,278)
                                                ------------     ------------       --------------    --------------
       Other Income (Expense), net                  (90,713)         (80,683)            (176,004)         (151,956)
                                                ------------     ------------       --------------    --------------

Income (loss) Before Cumulative Effect of Change
        in Accounting Principle                     122,976          (35,616)            (500,158)         (545,711)
Cumulative Effect of Change in Accounting
        Principle                                         -                -             (298,134)                -
                                                ------------     ------------       --------------    --------------
       Net Income (Loss)                        $   122,976      $   (35,616)       $    (798,292)     $   (545,711)
                                                ============     ============       ==============    ==============

Income (loss) per common share-before cumulative
  effect of change in accounting principle      $      0.02      $     (0.00)       $       (0.06)     $      (0.07)
Loss per common share on cumulative
  effect of change in accounting principle                -                -                (0.04)                -
                                                ------------     ------------       --------------    --------------

Income(loss) per common share                   $      0.02      $     (0.00)       $       (0.10)     $      (0.07)
                                                ============     ============       ==============    ==============
Weighted average common
   shares outstanding-basic and diluted           7,937,638        7,937,638            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>


                                                                                  Six Months Ended
                                                                                      June 30,
                                                                            2001                  2000
                                                                      ---------------       ---------------
<S>                                                                  <C>                   <C>
Cash flows from operating activities:
   Net loss                                                          $       (798,292)     $       (545,711)
   Adjustments to reconcile net loss to net cash
     used in operating activities:
      Depreciation and amortization                                           241,578               240,097
      Cumulative effect of change in accounting principle                     298,134                     -
      Loss on derivative financial instruments                                 45,812                     -
      Changes in operating assets and liabilities:
        Decrease in receivables                                                20,328                26,927
        Increase in inventories                                              (279,445)              (91,009)
        Decrease in deposits and prepaid expenses                              19,182                 6,708
        Decrease in prepaid leases                                             83,456                83,457
        Increase in accounts payable and other accrued expenses               131,267               138,881
                                                                       ---------------       ---------------
                         Net cash used in operating activities               (237,980)             (140,651)
                                                                       ---------------       ---------------

Cash flows used in investing activities:
   Purchase of property and equipment                                        (592,638)             (508,011)
                                                                       ---------------       ---------------
                         Net cash used in investing activities               (592,638)             (508,011)
                                                                       ---------------       ---------------

Cash flows from financing activities:
   Principal payments on long-term debt                                       (67,902)              (96,044)
   Proceeds from issuance of short-term debt                                        -               100,000
   Proceeds from issuance of long-term debt                                   798,864                     -
                                                                       ---------------       ---------------
                        Net cash provided by financing activitie              730,962                 3,956
                                                                       ---------------       ---------------s

Decrease in cash and cash equivalents                                         (99,656)             (644,706)

Cash and cash equivalents at beginning of period                              185,551               644,706
                                                                       ---------------       ---------------

Cash and cash equivalents at end of period                           $         85,895      $              -
                                                                       ===============       ===============


Supplemental cash flow information:
  Cash paid during the period for interest                           $        177,822      $        156,278


</TABLE>

See accompanying notes to condensed financial statements.

                                      3

<PAGE>




                             ITEC Attractions, Inc.

                     Notes to Condensed Financial Statements
                                  June 30, 2001
                                   (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  only of  normal
recurring  adjustments)  necessary  for a fair  presentation  of  the  financial
position,  results of operations and cash flows for the Company.  The results of
operations for any interim period are not necessarily  indicative of results for
the respective  full year.  Certain  information and note  disclosures  normally
included in the Company's  annual  financial  statements  prepared in accordance
with generally  accepted  accounting  principles have been condensed or omitted.
These  condensed  financial  statements  should be read in conjunction  with the
financial  statements and notes thereto contained in the Company's annual report
on Form 10-KSB for the year ended December 31, 2000 as filed with the Securities
and Exchange Commission.

NOTE 2. OPERATING SEGMENTS

The Company operates in three business segments: 1) Theater and concessions,  2)
Food service, and 3) Retail services.

The following table presents financial  information by operating segment for the
six months ended June 30, 2001 and 2000.

<TABLE>
<CAPTION>

Six months ended           Theater and         Food           Retail
   June 30, 2001           Concessions        Service         Services      Corporate        Total
------------------------------------------------------------------------------------------------------
<S>                        <C>           <C>               <C>             <C>            <C>
Sales to unaffiliated
  customers                $   911,491   $  1,172,592      $  574,383      $      -       $  2,658,466

Operating income
  (loss)                   $   322,693   $    195,883      $  129,214      $  (971,944)   $   (324,154)

</TABLE>

<TABLE>
<CAPTION>

Six months ended           Theater and        Food            Retail
   June 30, 2000           Concessions       Service          Services      Corporate        Total
------------------------------------------------------------------------------------------------------
<S>                        <C>           <C>               <C>             <C>            <C>
Sales to unaffiliated
  customers                $ 1,089,020   $  1,039,649      $  416,749      $       -      $  2,545,418

Operating income
  (loss)                   $   447,577   $     86,072      $   91,425      $(1,018,829)   $   (393,755)
</TABLE>

                                       -4-


NOTE 3.  DERIVATIVE FINANCIAL INSTRUMENTS AND CHANGE IN ACCOUNTING  PRINCIPLE

On January 1, 2001, the Company  adopted the provisions of Financial  Accounting
Standards Board Statements  (SFAS) Nos. 133 and 138, which establish  accounting
and reporting standards for derivative financial  instruments.  SFAS 133 and 138
require most derivative  instruments to be reflected as assets or liabilities in
the balance sheet at their fair values with changes in fair values  reflected in
net income (or accumulated other  comprehensive  income if the criteria for cash
flow hedge accounting are met).

Derivative financial instruments held by the Company consist of an interest rate
swap  agreement with Bank of America,  N.A. (the "Bank") to effectively  fix the
interest rate at 10.4% through April 1, 2006 on the Company's term note with the
Bank which is due June 2013. Management has determined that the Company will not
apply the hedge accounting  provisions of the new standards to this transaction.
Instead, the Company's derivative  instrument will be recorded at its fair value
with subsequent changes in fair value included in earnings.

At  January  1,  2001,  initial  adoption  of  the  new  standards  resulted  in
recognition  of a derivative  financial  instrument  liability  and a cumulative
effect  adjustment of $298,134.  Application  of the new  standards  resulted in
recognition of a gain on derivative financial  instruments of $65,715 during the
quarter  ended June 30, 2001 and a loss of $45,812 for the six months ended June
30, 2001.





                                       -5-
<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
 OF OPERATIONS

General

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 included in the Company's Annual
Report on Form 10KSB for the year ended December 31, 2000.

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.  The facility  also
includes an enclosed  shopping  mall with  approximately  22,000  square feet of
retail space, McFarlain's family restaurant, and The Imax Food Court.

McFarlains has been owned and operated by the Company since May 1, 1995.  During
the quarter ending September 30, 1998, the Company  completed an addition to the
McFarlain's  restaurant  that  increased  seating by 133 people.  This expansion
brings the total seating to over 655 people.  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 was  recently  converted  to the IMAX  Food  Court.  The IMAX  Food  Court
includes  franchises for Quiznos Sub Sandwiches,  Baskin & Robbins Ice Cream and
Breadeaux Pizza.

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. Because of the success of the Legacy and Legends Gift Shop, in 2000
the Company  made a decision to expand its gift shop  operations.  In October of
2000 the Company  acquired  Fabulous  Finds, a kiosk located in the complex that
primarily sells custom jewelry.  In January of 2001 the Company  acquired Shadow
Box Gifts and Collectibles,  a gift shop located in the complex that specializes
in the sale of various  types of  collectibles.  Ten 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 Branson  complex.  Mike Radford's  Remember When Show,
Jimmie Rodgers Remembers,  and Tony Melendez Gift of Hope Show, perform daily in
this theater.


                                       -6-

<PAGE>

On July 24, 2000 the Company completed  financial  arrangements for a program of
capital  improvements to the Branson  Complex.  These  improvements  include the
construction  of a new theater center adjacent to the Branson Complex which will
house three  theaters  with  state-of-the-art  sound  systems and stadium  style
seating,  designed to exhibit 35mm feature  length  films.  The theaters  have a
seating  capacity  of 185,  174,  and 134 seats.  Construction  on the  theaters
commenced March of 2001 and is to be completed during the third quarter of 2001.
The Company is also  increasing the parking  capacity of the Branson  Complex by
165  spaces  to  accommodate  the  new  theaters.  Construction  of the  parking
expansion  commenced  in  January  2000.  The  estimated  cost of these  capital
improvements is approximately $1.5 million.

RESULTS OF OPERATIONS

Revenues for the quarter  ended June 30, 2001  increased 6 percent to $1,988,487
as compared to $1,870,277  for the same quarter of the previous  year.  Revenues
for the six-month  period ended June 30, 2001  increased 4 percent to $2,658,466
compared to $2,545,418 in the prior year period.  The increase is a result of an
increase  of both food  service and gift shop  revenues  offset by a decrease in
IMAX film  revenue.  The  decrease in IMAX revenue is primarily a result of poor
weather in Branson  during the first  quarter that  adversely  affected  tourist
traffic to Branson. The increase in revenues for food service is a result of the
IMAX Food Court being open for the entire  quarter,  while the  increase in gift
shop revenues is a result of the acquisition of the Fabulous Finds jewelry kiosk
in the fourth quarter of fiscal year 2000 and the  acquisition of the Shadow Box
Gift Shop in January 2001.

Direct  operating  expenses were  $1,355,431 for the quarter ended June 30, 2001
representing  68 percent of sales,  as compared to expenses of  $1,300,143 or 70
percent  of  sales  for the  comparable  period  of the  previous  year.  Direct
operating  expenses  were  $2,010,676  for the six months  ended June 30,  2001,
representing  76 percent of sales,  as compared to expense of  $1,920,344  or 75
percent of sales for the comparable period of the previous year.

General and administrative  expenses were $172,070 and $198,216 for the quarters
ended June 30, 2001 and 2000 respectively and were $345,834 and $402,866 for the
six months ended June 30, 2001 and 2000, respectively. This decrease is a result
of a Company wide effort to reduce all general and administrative expenses.

Advertising and marketing  expenses were $190,076 for the quarter ended June 30,
2001  compared to $202,310 for the same period in 2000 and were $338,720 for the
six months ended June 30, 2001 compared to $375,866 for the same period in 2000.

Interest  expense was $91,240 and $81,516 for the  quarters  ended June 30, 2001
and 2000  respectively  and was  $177,822 for the six months ended June 30, 2001
and $156,278 for the same period in 2000. The increase in interest  expense is a
result of the increase in long term borrowings and the interest rate there on.

Net income was  $122,976 for the quarter  ended June 30, 2001  compared to a net
loss of $35,616 for the same period of the previous  year. Net loss was $798,292
for the six months  ended June 30, 2001  compared to a net loss of $545,711  for
the six months ended June 30, 2000.

                                       -7-
<PAGE>

LIQUIDITY AND CAPITAL RESOURCES

As of June 30, 2001 current  assets totaled  $848,482 while current  liabilities
totaled $844,914. The Company's current ratio at June 30, 2001 was 1.00 to 1.00.

During fiscal 2000, the Company borrowed $100,000 from Ms. Ann Bluto, a director
of the Company.  The loan bears  interest at prime plus 1% and is due  September
30,  2001.  Proceeds  of the loan were used to provide  working  capital for the
Company.

On July 24,  2000,  the  Company  refinanced  its  existing  line of credit  and
existing  long term debt with a new line of credit in the amount of $200,000 and
a new term loan in the amount of $4,676,203.  The proceeds of the term loan were
to refinance existing  indebtedness and to finance the construction of three new
theaters and additional parking related thereto and the construction of the food
court.  No  borrowings  were made under the line of credit  during the reporting
quarter.  The line of credit and the term loan are  secured by deeds of trust on
the Company's theater complex and ground leases.

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 and
the restructured term loan.


                                       -8-


<PAGE>

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 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.

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, 2000 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.



                                       -9-
<PAGE>

                            PART II OTHER INFORMATION


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

                  There are no material legal  proceedings  pending to which the
                  Company  is a  party  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 Information
                  -----------------

                  On July 24, 2000 the Company refinanced its existing debt with
                  Bank of America,  N.A.,  providing the Company with a $200,000
                  Revolving  Note due  June 15,  2001,  advances  on which  bear
                  interest at the prime rate plus 1%, and a Term Note and Credit
                  Agreement in the  principal  amount of up to  $4,676,203.  The
                  Term Note is amortized  with  monthly  payments and matures on
                  June 30,  2013.  The  interest  rate on the Term Note is prime
                  rate plus or minus .25% determined by certain financial ratios
                  of the Company.  The Company has entered into an interest rate
                  swap transaction with Bank of America, N.A. to effectively fix
                  the interest  rate at 10.4% during the first five years of the
                  Term Note. Proceeds of the Term Note will be used to refinance
                  existing indebtedness and to finance the construction of three
                  new theaters and additional  parking  related  thereto and the
                  remodeling of the restaurant area adjacent to the theaters.

                  The  Revolving  Note and the Term Note are secured by a Future
                  Advance  and  Future  Obligation  Leasehold  Deed of Trust,  a
                  Leasehold Deed of Trust,  Assignment of Rents and leases and a
                  Security Agreement.


                                      -10-
<PAGE>

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,
                         1997).

                  10.14  Ground Lease  Agreement dated December 18, 1999 between
                         Treasure  Lake RV Resort  Camping  Club,  Inc.  and the
                         Company  (incorporated  by reference to Form 10-KSB for
                         the year ended December 31, 1999).

                  10.15  Second  Amended and Restated  Revolving Note dated July
                         24, 2000 between Bank of America,  N.A. and the Company
                         (incorporated  by  reference to Form 10-QSB for quarter
                         ended June 30, 2000).

                  10.16  Amended  and  Restated  Term Note and Credit  Agreement
                         dated July 24, 2000 between  Bank of America,  N.A. and
                         the Company  (incorporated  by reference to Form 10-QSB
                         for the quarter ended June 30, 2000).



                                      -11-
<PAGE>



                  10.17  Amendment No. 4 to Future Advance and Future Obligation
                         Leasehold  Deed of Trust by and between the Company and
                         Bank of America, N.A. dated July 24, 2000 (incorporated
                         by reference to Form 10-QSB for the quarter  ended June
                         30, 2000)

                  10.18  Amendment No. 2 to Leasehold Deed of Trust,  Assignment
                         of Rents  and  Leases  and  Security  Agreement  by and
                         between the Company  and Bank of  America,  N.A.  dated
                         July 24, 2000 (incorporated by reference to Form 10-QSB
                         for the quarter ended June 30, 2000).

                  10.19  Amendment  to  Security  Agreement  dated July 24, 2000
                         between   Bank  of  America,   N.A.   and  the  Company
                         (incorporated  by  reference  to  Form  10-QSB  for the
                         quarter ended June 30, 2000).

                  10.20  Interest  rate  swap  agreement  dated  June  26,  2000
                         between   Bank  of  America,   N.A.   and  the  Company
                         (incorporated  by  reference  to  Form  10-QSB  for the
                         quarter ended March 31, 2001).



                  B.     Reports on Form 8-K filed April 19, 2001




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<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.





Date              08/10/01                           /s/ Paul M. Bluto
                  --------                           -----------------
                                                     Paul M. Bluto
                                                     Chairman and
                                                     Principal Financial Officer
                                                     Chief Executive Officer




Date              08/10/01                           /s/ Paul E. Rasmussen
                  --------                           ---------------------
                                                     Paul E. Rasmussen
                                                     President
                                                     Chief Operating Officer




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