United States
                       Securities and Exchange Commission
                             Washington, D.C. 20549


FORM 10-QSB


(Mark One)

[x]      Quarterly  Report  Pursuant  to Section  13 or 15(d) of the  Securities
         Exchange Act of 1934 For the Quarterly Period ended September 30, 2001

                                       or

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



Commission file number 0-28920



                      Access Solutions International, Inc.
                      ------------------------------------
        (Exact name of small business issuer as specified in its charter)



             Delaware                                            05-0426298
             --------                                            ----------
(State or other jurisdiction of                               (I.R.S. Employer
incorporation or organization)                               Identification No.)

                                650 Ten Rod Road
                            North Kingstown, RI 02852
                            -------------------------
                    (Address of principal executive offices)

                                 (401) 295-2691
                                 --------------
                           (Issuer's telephone number)

Check  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 past 12
months (or for such  shorter  period  that the issuer was  required to file such
reports),  and (2) has been subject to such filing  requirements for the past 90
days.                                                             Yes [X] No [ ]

The number of shares of the issuer's Common Stock,  $.0l par value,  outstanding
as of September 30, 2001 was 3,963,940.


<PAGE>

                      Access Solutions International, Inc.

                                      INDEX



PART I.  FINANCIAL INFORMATION                                          PAGE

Item 1.  Financial Statements

         Condensed   balance sheets--September 30, 2001 (unaudited)
         and June 30, 2001                                                 3

         Condensed  (unaudited) statements of operations --Three
         months ended  September 30, 2001 and 2000                         5

         Condensed  (unaudited)  statements of cash flows -- Three
         months ended September 30, 2001 and 2000                          6

         Notes to unaudited condensed   financial
         statements                                                        7

Item 2.  Management's Discussion and Analysis of Financial
         Condition and Results of Operations                               9

PART II. OTHER INFORMATION

Item 6.  Exhibits and Reports on Form 8-K                                 13

Signatures                                                                14



<PAGE>

<TABLE>
<CAPTION>
                      Access Solutions International, Inc.

                         PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements


                                       Access Solutions International, Inc.
                                           Condensed Balance Sheets

                                                                 September 30,          June 30,
                                                                     2001                 2001
                                                                  (Unaudited)
                                                                   ----------          ----------
<S>                                                                <C>                 <C>
Assets
Current assets:
    Cash and cash equivalents                                      $2,149,426          $2,426,279
    Trade accounts receivable, net of allowance for
         doubtful accounts of $2,000 and $4,344                        95,403             191,145
    Inventories                                                        21,957              21,472
    Prepaid expenses and other current assets                         205,339              32,819
                                                                   ----------          ----------
       Total current assets                                         2,472,125           2,671,715

Fixed assets, net                                                       4,671               6,038
                                                                   ----------          ----------


Total assets                                                       $2,476,976          $2,677,753
                                                                   ==========          ==========
</TABLE>


             See notes to unaudited condensed financial statements.

                                        3
<PAGE>

<TABLE>
<CAPTION>
                      Access Solutions International, Inc.
                            Condensed Balance Sheets

                                                      September 30,     June 30,
                                                           2001           2001
                                                       (Unaudited)
                                                      ------------    ------------
<S>                                                   <C>             <C>
Liabilities and stockholders' deficit
Current liabilities:
    Accounts payable                                  $    181,080    $    218,103
    Accrued salaries and wages                              23,711          29,341
    Accrued expenses                                        64,827          65,471
     Provision for income taxes                               --            95,000
    Deferred revenue-prepaid service contracts             300,097         367,951
                                                      ------------    ------------
         Total current liabilities                         569,715         775,866
                                                      ------------    ------------

         Total liabilities                                 569,715         775,866
                                                      ------------    ------------

Stockholders' equity:
    Common Stock, $.01 par value, 13,000,000
      shares authorized, 3,965,199 shares issued            39,652          39,652
Additional paid-in capital                              17,637,694      17,637,694
    Accumulated deficit                                (15,752,209)    (15,757,403)
                                                      ------------    ------------

                                                         1,925,137       1,919,943

    Treasury stock, at cost (1,259 shares)                 (18,056)        (18,056)
                                                      ------------    ------------
         Total stockholders' equity                      1,907,081       1,901,887
                                                      ------------    ------------
         Total liabilities and stockholders' equity   $  2,476,796    $  2,677,753
                                                      ============    ============
</TABLE>


             See notes to unaudited condensed financial statements.

                                        4
<PAGE>

<TABLE>
<CAPTION>
                      Access Solutions International, Inc.
                 Condensed Statements of Operations (Unaudited)

                                               Three months ending
                                                  September 30,
                                               2001           2000
                                           -----------    -----------
<S>                                        <C>            <C>
Net sales:
    Products                               $     4,915    $     7,367
    Services                                   164,030        209,261
                                           -----------    -----------
           Total net sales                     168,945        216,628
                                           -----------    -----------

Cost of sales:
    Products                                       115            245
    Services                                    36,165         53,457
                                           -----------    -----------
           Total cost of sales                  36,280         53,702
                                           -----------    -----------

Gross profit                                   132,665        162,926
                                           -----------    -----------

Operating expenses:
    General and administrative expense         145,895        166,244
    Selling expense                             33,857         32,533
                                           -----------    -----------
           Total operating expenses            179,752        198,777
                                           -----------    -----------

           Profit/(Loss) from operations       (47,087)       (35,851)
                                           -----------    -----------

Other revenue and (expenses):
    Interest income                             28,661             80
    Interest expense                              --          (31,561)
    Miscellaneous income                        23,620           --
                                           -----------    -----------
Total other revenue (expenses)                  52,281        (31,481)
                                           -----------    -----------
Net income (loss)                          $     5,194    ($   67,332)
                                           ===========    ===========

Primary net loss per common share          $       .00    ($      .02)
                                           ===========    ===========
Weighted average number of
common shares                                3,963,940      3,963,940
</TABLE>


             See notes to unaudited condensed financial statements.

                                        5
<PAGE>

<TABLE>
<CAPTION>
                      Access Solutions International, Inc.
                 Condensed Statements of Cash Flows (Unaudited)

                                                         For the Three Months Ended
                                                                September 30,
                                                            2001           2000
                                                        -----------    -----------
<S>                                                     <C>            <C>
Cash flows from operating activities
    Net income (loss)                                   $     5,194    ($   67,332)
                                                        -----------    -----------
Adjustments to reconcile net loss to net cash used by
      operating activities:
        Depreciation and amortization                         1,367         14,143
Provision for doubtful accounts                              (2,344)       (13,167)
        Changes in operating assets and liabilities:
        (Increase) decrease in:
         Trade accounts receivable                           98,086        263,378
         Inventories                                           (485)           136
         Prepaid expenses and other current assets         (172,520)       (14,073)
Increase (decrease) in:
         Accounts payable                                   (37,023)        16,751
         Accrued expenses                                    (6,274)        11,891
          Provision for income taxes                        (95,000)          --
         Deferred revenue - prepaid service contracts       (67,854)       (87,850)
                                                        -----------    -----------

Net Cash PROVIDED BY (used FOR)
 operating activities                                      (276,853)       123,877
                                                        -----------    -----------

Cash flows from financing activities
        Deferred financing costs                               --           77,223
                                                        -----------    -----------

Net Cash  Provided by financing
 activities                                                    --           77,223
                                                        -----------    -----------

Net (decrease) INCREASE in cash and cash
 equivalents                                               (276,853)       201,100

Cash and cash equivalents, BEGINNING                      2,426,279         58,042
                                                        -----------    -----------

Cash and cash equivalents, ending                       $ 2,149,426    $   259,142
                                                        ===========    ===========
</TABLE>


             See notes to unaudited condensed financial statements.

                                        6
<PAGE>


                      Access Solutions International, Inc.
                Notes to Unaudited Condensed Financial Statements

1. Basis of Presentation

The accompanying  unaudited condensed financial statements have been prepared in
accordance with generally accepted  accounting  principles for interim financial
information  and with the  instructions  to Form  10-QSB  and  Article  10-01 of
Regulation  S-B.  Accordingly,  they do not include all of the  information  and
footnotes  required  by  generally  accepted  accounting  principles  for annual
financial statements. In the opinion of management,  all adjustments (consisting
of normal recurring accruals)  considered necessary for a fair presentation have
been included.  Operating  results for the three months ended September 30, 2001
are not necessarily  indicative of the results that may be expected for the year
ended June 30, 2002. For further information,  refer to the financial statements
and  footnotes  thereto  included in the Access  Solutions  International,  Inc.
("ASI") annual report on Form 10-KSB for the year ended June 30, 2001.

2. Paperclip Merger, Management Agreements

On April 15, 1997,  the Company and PaperClip  entered into an agreement for the
Company to acquire  substantially  all the assets and  liabilities of PaperClip,
which was later amended to change the  acquisition to a merger.  The Company and
PaperClip also entered into a management agreement (the "Management  Agreement")
which allowed the Company to manage the  day-to-day  operations of PaperClip and
to advance funds on behalf of PaperClip pursuant to an operating budget, in each
case until the closing of the Merger or the termination of the Merger Agreement.
On January 29, 1997,  the Company  provided a $300,000  bridge loan to PaperClip
for use as  operating  capital  in  exchange  for a 12%  convertible  note  from
PaperClip secured by substantially all the assets of PaperClip. In addition, the
Company had made unsecured  advances to PaperClip of $140,813,  $1,252,689,  and
$529,052 during the years ended June 30, 1999, 1998 and 1997, respectively,  for
funding of working capital requirements.

The Company and PaperClip  also entered into a one-year  distribution  agreement
effective June 1, 1997 pursuant to which the Company acted as a distributor  for
PaperClip's products in the United States to dealers and resellers.

Ultimately, the merger agreement was terminated on August 24, 1998. Accordingly,
the  Company  wrote off  approximately  $2,443,000  effective  June 30, 1998 and
approximately $141,000 effective June 30, 1999 in connection with the terminated
merger.

In November of 2000,  PaperClip  Software Inc. and ASI entered into an agreement
whereby  the  indebtedness  to ASI in the amount of  $300,000,  plus all accrued
interest through  December 31, 1999 in the amount of $105,300,  will be paid for
by the execution and delivery of a new promissory  note from PaperClip to ASI in
the aggregate  principal amount of $405,300.  All amounts due under the new Note
will be paid for over a period  of three  (3)  years in  thirty-six  (36)  equal
installments of $11,265  beginning on January 1, 2001.  Although payments on the
note are current,  ASI has fully  reserved  for the value of the new  promissory
note due to PaperClip's poor financial condition.


                                        7
<PAGE>


As a result of advances  issued to  PaperClip  from  November  12, 1997  through
August 24,  1998,  PaperClip  was  indebted  to ASI in the amount of  $2,305,506
including  accrued  interest  through  December 31, 1999. In November  2000, ASI
exchanged the above  indebtedness for 3,649,543  shares of PaperClip's  Series A
Preferred Stock, $.01 par value per share (the "Series A Preferred Stock"). Each
share of Preferred  Stock is convertible  into one share of  PaperClip's  common
stock ("common  stock")  subject to  anti-dilution  protection in the event of a
stock split, stock dividend,  recapitalization  or similar change to the capital
structure of PaperClip. The shares are convertible at anytime at ASI's option or
at PaperClip's option, provided that immediately prior to conversion, the common
stock had traded  for not less than 60  consecutive  days at a closing  price of
150% of the implied  conversion price. The implied  conversion price was derived
by dividing the amount of the additional indebtedness by the number of shares of
common  stock  issuable  upon  conversion  by ASI of the  preferred  stock.  The
"Converted  Shares" would equal 27.5% of the then outstanding  Common Stock. The
holders of the converted common stock would have piggy back registration  rights
on  the  Converted  Shares  underlying  the  Preferred  Stock.  Such  piggy-back
registration  rights on the  converted  stock would  expire with  respect to the
holder  when  such  shares  were  eligible  for  sale  pursuant  to Rule  144(k)
promulgated  and the rules and  regulations  of the  Securities Act of 1933. The
preferred  stock  is not  entitled  to  dividends  and will  have a  liquidation
preference  equal to  $2,305,506.  No value has been  recorded on the  Company's
financial statements for this investment due to PaperClip's  deteriorating stock
value and its poor financial condition.


                                       8
<PAGE>


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

Overview

ASI's net sales  consist of sales  primarily of support and  services.  Products
sold by ASI consist of COLD systems, software and hardware including replacement
disk drives,  subassemblies and miscellaneous peripherals.  Support and services
rendered  by  ASI  include   post-installation   maintenance  and  support.  ASI
recognizes  revenue from customers upon installation of COLD systems and, in the
case of COLD systems installed for evaluation, upon acceptance by such customers
of the products. ASI had no system sales in the current year. ASI sells extended
service  contracts on the majority of the products it has sold.  Such  contracts
are one year in duration with payments  received  either  annually in advance of
the commencement of the contract or quarterly in advance. ASI recognizes revenue
from service  contracts on a straight-line  basis over the term of the contract.
The unearned portion of the service revenue is reflected as deferred revenue. As
of September 30, 2001, ASI had deferred revenue in the amount of $300,097.

ASI's  operating  results  have  in the  past  and may in the  future  fluctuate
significantly  depending upon the renewal of service contracts;  the competitive
technological  advancements made by the industry; and the control of general and
administrative  expenses.  The revenue from service contracts is recognized on a
straight-line basis over the term of the contract.

ASI's  primary   operating   expenses   include   maintenance  and  general  and
administrative  expenses.  General and  administrative  expenses  consisted this
fiscal year primarily of legal fees,  employee  compensation,  office rental and
normal contractual services.

In the past, ASI has expended substantial development resources to meet customer
commitments.  The majority of these services were provided at no charge to honor
commitments  made for added features when the systems were sold.  These resource
expenditures  have in the past  placed a high  overhead  burden on the  GIGAPAGE
product line offerings.  After completion of GIGAPAGE 3.0, which occurred at the
end of the  second  quarter  of  Fiscal  1998,  management  concluded  that  all
significant product commitments had been met. In the future,  development of any
new features will not be initiated unless customers make a financial  commitment
to cover the minimum engineering costs.

Results of Operations

The  following  discussion  should  be read in  conjunction  with the  unaudited
condensed   financial   statements   and  notes  thereto  of  Access   Solutions
International, Inc. contained elsewhere herein.

Three Months Ended  September 30, 2001 Compared to Three Months Ended  September
30, 2000

Net Sales

Net sales for the three months ended  September  30, 2001 was $168,945  compared
with  $216,628  for the three  months  ended  September  30, 2000, a decrease of
$47,683  or 22%.  Product  sales  were  $4,915  for the first  quarter of Fiscal
2002,compared  with $7,367 for the first  quarter of Fiscal  2001, a decrease of
$2,452 or 33%.  Service  revenues  were $164,030 for the first quarter of Fiscal
2002  compared with $209,261 for the first quarter of Fiscal 2001, a decrease of
$45,231 or 22%. This decrease was primarily due to the consolidation of services
to two customers.

Cost of Sales

Cost of sales includes component costs,  firmware license costs,  labor,  travel
and certain  overhead  costs.  Costs of sales in the aggregate  decreased 32% to
$36,280 for the three months ended September 30, 2001 from $53,702 for the three
months ended September 30, 2000.

                                        9
<PAGE>

The cost of  product  sales  decreased  53% to $115 for the three  months  ended
September 30, 2001 from $245 for the three months ended  September 30, 2000. The
decrease  in  product  related  cost of sales was a result of lower  sales and a
greater  mix of higher  margin  media  than  peripherals.  The cost of  services
decreased by 32% to $36,165 for the three months ended  September  30, 2001 from
$53,457 for the three months ended  September  30, 2000,  primarily due to lower
sales and renegotiated third-party contracts.

General and Administrative Expenses

General and  administrative  expenses  consist of  administrative  expenses  and
technical support.  General and administrative expenses decreased 12% or $20,349
to $145,895 for the three months ended  September 30, 2001 from $166,244 for the
three months  ended  September  30, 2000.  This  decrease was  primarily  due to
reduced  personnel  costs  and  legal  fees  and to lower  depreciation  expense
following the disposal of several fixed assets in Fiscal Year 2000.

Selling Expenses

Selling expenses increased by $1,324 or 4% to $33,857 for the three months ended
September  30, 2001 from $32,533 for the three months ended  September 30, 2000.
This increase was the result of higher personnel costs.

Other Income and Expenses

Other income and expenses  consisted  of interest  income and interest  expense.
Interest income increased  $28,581 from $80 for the three months ended September
30, 2000 to $28,661 for the three months ended September 30, 2001. This increase
was due to  interest  earned  on the  cash  received  as the  result  of a legal
settlement  agreement  with Anacomp,  Inc. and the Eastman Kodak Company in May,
2001. Interest expense decreased 100% to $0 for the three months ended September
30, 2001 from  $31,561 for the three  months  ended  September  30,  2000.  This
elimination  of  interest  expense  is  the  result  of  the  retirement  of  an
outstanding note in May, 2001.  Miscellaneous income of $23,620 at September 30,
2001  represents  principal  repayments on the note  receivable  from  PaperClip
Software,  Inc., which is fully reserved for as of June 30, 2001.  Consequently,
other income and expenses in the aggregate  increased $83,762 or 266% to $52,281
income for the three months ended  September 30, 2001 from a loss of $31,481 for
the three months ended September 30, 2000.

Net Income (Loss)

As a result of the  foregoing,  ASI's  realized a net profit of $5,194 ($.00 per
share on 3,963,940  weighted  average shares  outstanding)  for the three months
ended  September  30,  2001,  an increase of $72,526  from a net loss of $67,332
($.02 per share on 3,963,940  weighted  average shares  outstanding)  during the
three months ended September 30, 2000.

Liquidity and Capital Resources

ASI had a working  capital  surplus  of  $1,902,410  as of  September  30,  2001
compared to a working capital deficit of $864,938 at September 30, 2000.

Total cash used by  operating  activities  during the  three-month  period ended
September  30, 2001 was  $276,853,  compared  to the  three-month  period  ended
September 30, 2000 in which operating  activities  provided a total of $123,877.
For the three  months  ended  September  30,  2001,  the major use of cash was a
pre-payment  of income  taxes,  the repayment of old payables and a reduction in
pre-paid service  contracts.  Cash provided during the three-month  period ended
September  30,  2000 was  primarily  the  result of an  improvement  in  billing
procedures.

No cash was  provided by  financing  activities  during the three  months  ended
September 30, 2001. In comparison,  $77,223 was provided by financing activities
for the  three-month  period ended September 30, 2000, the result of an increase
in a long term note payable. This debt was retired in May, 2001.

                                       10
<PAGE>

In previous years, ASI has suffered recurring losses from operations, has had an
accumulated  deficit,  and has  incurred  negative  cash  flows  from  operating
activities.  Without the  proceeds  from the  settlement  mentioned  above,  the
recurring  losses and negative cash flow from operating  activities  would raise
substantial  doubt about the Company's  ability to continue as a going  concern.
However,  the cash  received  from the  settlement  has provided the Company the
opportunity to reevaluate its market position and  opportunities  and maintain a
sufficient  level of working capital to continue as a going concern for at least
the remainder of the current fiscal year.

Seasonality and Inflation

To date,  seasonality  and  inflation  have not had a  material  effect on ASI's
operations.

Forward Looking Statements

Statements  contained  in this Form  10-QSB  that are not  historical  facts are
forward-looking  statements  made pursuant to the safe harbor  provisions of the
Private  Securities  Litigation  Reform Act of 1995. In addition,  words such as
"believes"",  "will", "should" "anticipates",  "expects" and similar expressions
are intended to identify forward looking statements.  ASI cautions that a number
of important  factors  could cause actual  results for Fiscal 2002 and beyond to
differ materially from those expressed in any forward-looking statements made by
or  on  behalf  of  ASI.  Such   statements   contain  a  number  of  risks  and
uncertainties,  including,  but  not  limited  to the  outcome  of  management's
assessment of ASI's  long-term  strategic  alternatives,  ongoing capital needs,
variable operating results,  dependence on ASI's COLD system product,  competing
with rapid technological change and new product development,  reliance on single
or limited  sources of supply,  intense  competition,  turnover  in  management,
dependence on significant customers and dependence on key personnel.  ASI cannot
assure  that it will be able to  anticipate  or respond  timely to changes  that
could  adversely  affect its operating  results in one or more fiscal  quarters.
Results of operations in any past period should not be considered  indicative of
results to be expected in future periods.  Fluctuations in operating results may
result in fluctuations in the price of ASI's securities.

Recent Developments

In November of 2000, PaperClip Software,  Inc. and ASI entered into an agreement
whereby  the  indebtedness  to ASI in the amount of  $300,000,  plus all accrued
interest through  December 31, 1999 in the amount of $105,300,  will be paid for
by the execution and delivery of a new promissory  note from PaperClip to ASI in
the aggregate  principal amount of $405,300.  All amounts due under the new Note
are to be paid for over a period  of three (3) years in  thirty-six  (36)  equal
installments  of $11,265  beginning  on January 1, 2000.  Although  payments are
current on the note,  ASI has fully reserved for the value of the new promissory
note due to PaperClip's poor financial condition.


                                       11
<PAGE>


As a result of advances  issued to  PaperClip  from  November  12, 1997  through
August 24,  1998,  PaperClip  is  indebted  to ASI in the  amount of  $2,305,506
including interest. ASI will exchange the above indebtedness for shares of a new
class of PaperClip  convertible  preferred stock (the "Preferred  Stock").  Each
share of  Preferred  Stock  will be  convertible  into one share of  PaperClip's
common stock ("common stock") subject to  anti-dilution  protection in the event
of a stock split,  stock  dividend,  recapitalization  or similar  change to the
capital  structure of PaperClip.  The shares are convertible at anytime at ASI's
option or at PaperClip's option,  provided that immediately prior to conversion,
the common stock has traded for not less than 60  consecutive  days at a closing
price of 150% of the implied  conversion price. The implied  conversion price is
derived by dividing the amount of the additional  indebtedness  by the number of
shares of common stock issuable upon  conversion by ASI of the preferred  stock.
The "Converted  Shares" would equal 27.5% of the then outstanding  Common Stock.
The  holders of the  converted  common  stock will have  piggyback  registration
rights on the Converted Shares  underlying the Preferred Stock.  Such piggy back
registration  rights on the  converted  stock will  expire  with  respect to the
holder  when  such  shares  are  eligible  for  sale  pursuant  to  Rule  144(k)
promulgated  and the rules and  regulations  of the  Securities Act of 1933. The
preferred  stock will not be entitled to dividends  and will have a  liquidation
preference  equal to  $2,305,506.  No value has been  recorded on the  Company's
financial statements for this investment due to PaperClip's  deteriorating stock
value and its poor financial condition.

On April 23, 2001,  ASI  announced  that it had  received a monetary  settlement
pursuant to a signed  settlement  agreement with Anacomp,  Inc.  ("Anacomp") and
Kodak. As a result of this settlement,  ASI also announced that management would
be assessing  strategic  alternatives  which will best benefit its shareholders,
customers and employees.


                                       12
<PAGE>


                           PART II - OTHER INFORMATION


    Item 6. Exhibits and Reports on Form 8-K


(a) Exhibits
    None

(b) Reports on Form 8-K
    None


                                       13
<PAGE>


                                   SIGNATURES


Pursuant to the requirements of the Securities  Exchange Act of 1934, the issuer
caused this report to be signed on its behalf by the undersigned  thereunto duly
authorized.


                                   Access Solutions International, Inc.


Date: November 19, 2001            /s/ Robert H. Stone
                                   -------------------
                                       Robert H. Stone
                                       President and CEO


                                       14