UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                   FORM 10-QSB

[X]      Quarterly  Report  pursuant  to Section  13 or 15(d) of the  Securities
         Exchange Act of 1934

         For the quarterly period ended September 30, 2000

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

         For the transition period from              to
                                        -------------   ---------------

Commission File Number 33-55254-03

                            DYNAMIC ASSOCIATES, INC.
        (Exact name of Small Business Issuer as specified in its charter)


         Nevada                        87-0473323
-------------------------------        ----------
(State or other jurisdiction of       (IRS Employer
         incorporation )             Identification No.)

6617 North Scottsdale Road, Suite 103
Scottsdale, Arizona                                  85253
--------------------------------------------       ------------
(Address of principal executive offices              (Zip Code)

Issuer's telephone number, including area code (480) 315-8600

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

                                                  Outstanding as of
                   Class                          September 30, 2000
--------------------------------------         ------------------------
 $.001 par value Class A Common Stock             18,386,429 shares


                                        1

<PAGE>



                         PART 1 - FINANCIAL INFORMATION

ITEM 1.           FINANCIAL STATEMENTS

BASIS OF PRESENTATION

General
The accompanying unaudited financial statements have been prepared in accordance
with  the  instructions  to Form  10-QSB  and,  therefore,  do not  include  all
information  and footnotes  necessary for a complete  presentation  of financial
position,  results of  operations,  cash  flows,  and  stockholders'  deficit in
conformity  with generally  accepted  accounting  principles.  In the opinion of
management,  all adjustments considered necessary for a fair presentation of the
results of  operations  and  financial  position have been included and all such
adjustments are of a normal recurring  nature.  Operating  results for the three
months ended  September 30, 2000 are not  necessarily  indicative of the results
that can be expected for the year ending December 31, 2000.

The  2000  financial  statements  present  the  activities  of the  Company  and
Perspectives.  The 1999  financial  statements  present  the  activities  of the
Company and Genesis & GCCA which became Perspectives.



                                        2

<PAGE>



                    DYNAMIC ASSOCIATES, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS


<TABLE>
<CAPTION>
                                                                                  September 30,        December 31,
                                                                                  2000                    1999
                                                                                  (Unaudited)             (Audited)
                                                                              -----------------      --------------
ASSETS
   CURRENT ASSETS
<S>                                                                             <C>                <C>
       Cash and cash equivalents                                                $         579,775  $          181,826
       Accounts receivable (less allowance for doubtful accounts of
          $1,157,472 in 2000 and $933,909 in 1999)                                      2,242,949           2,065,028
       Other receivables                                                                        0              70,589
       Prepaid expense and other current assets                                            18,755               1,600
                                                                                -----------------  ------------------

                                                            TOTAL CURRENT ASSETS        2,841,479           2,319,043

   PROPERTY, PLANT & EQUIPMENT                                                             83,408              89,016

   OTHER ASSETS
       Deferred debt issue costs (less amortization of $399,388 in 2000
          and $316,432 in 1999)                                                           477,809             560,765
       Goodwill                                                                         1,590,000           1,590,000
                                                                                -----------------  ------------------
                                                                                         2,067,809          2,150,765
                                                                                ------------------ ------------------

                                                                                $        4,992,696 $        4,558,824
                                                                                ================== ==================

LIABILITIES & (DEFICIT)
   CURRENT LIABILITIES
       Accounts payable                                                         $          14,482  $           63,363
       Accrued expenses                                                                   725,241             636,179
       Current portion of long-term debt                                                   13,098               4,349
       Accrued interest payable                                                           846,449             366,305
                                                                                -----------------  ------------------
                                                     TOTAL CURRENT LIABILITIES          1,599,270           1,070,196

   Long-term debt                                                                           9,095               5,857
   Convertible notes                                                                    8,676,500           8,676,500
                                                                                -----------------  ------------------
                                                                                        8,685,595           8,682,357
                                                                                -----------------  ------------------
                                                             TOTAL LIABILITIES         10,284,865           9,752,553

   STOCKHOLDERS' (DEFICIT)
       Common Stock $.001 par value:
          Authorized - 25,000,000 shares
          Issued and outstanding 18,386,429 shares                                         18,386              18,386
       Additional paid-in capital                                                      19,146,474          19,146,474
       Retained deficit                                                               (24,457,029)        (24,358,589)
                                                                                -----------------  ------------------
                                                 TOTAL STOCKHOLDERS' (DEFICIT)         (5,292,169)         (5,193,729)
                                                                                -----------------  ------------------

                                                                                $       4,992,696  $        4,558,824
                                                                                =================  ==================
</TABLE>



See Notes to Financial Statements.

                                        3

<PAGE>



                    DYNAMIC ASSOCIATES, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)




<TABLE>
<CAPTION>
                                                        Three Months Ended September 30,        Nine Months Ended September 30,
                                                            2000                1999               2000                1999
                                                     ------------------  -----------------   -----------------  ------------------
<S>                                                  <C>                 <C>                 <C>                <C>
Management fees                                      $        1,472,353  $       2,055,890   $       4,834,805  $        6,569,302
                                                     ------------------  -----------------   -----------------  ------------------
                                                              1,472,353          2,055,890           4,834,805           6,569,302

General & administrative expenses                             1,443,565          1,682,322           4,368,662           5,104,844
Depreciation                                                      9,768              9,347              19,233              39,401
Amortization of goodwill                                              0            636,320                   0           1,908,960
Bad debts                                                      (101,435)           844,103              46,565           2,018,180
                                                     ------------------  -----------------   -----------------  ------------------
                                                              1,351,898          3,172,092           4,434,460           9,071,385
                                                     ------------------  -----------------   -----------------  ------------------

                        NET OPERATING INCOME (LOSS)             120,455         (1,116,202)            400,345          (2,502,083)

OTHER INCOME (EXPENSE)
   Interest income                                                   59              2,242                  59               2,893
   Interest expense                                            (166,128)          (193,837)           (498,844)           (677,661)
   Unrealized (decrease) in investment                                0                  0                   0             (13,000)
                                                     ------------------  -----------------   -----------------  ------------------
                                                               (166,069)          (191,595)           (498,785)           (687,768)
                                                     ------------------  -----------------   -----------------  ------------------

                     NET (LOSS) BEFORE INCOME TAXES             (45,614)        (1,307,797)            (98,440)         (3,189,851)

INCOME TAX EXPENSE (BENEFIT)                                          0             (1,800)                  0             300,000
                                                     ------------------  -----------------   -----------------  ------------------

                                  NET (LOSS) BEFORE
                                 EXTRAORDINARY ITEM             (45,614)        (1,305,997)            (98,440)         (3,489,851)

Extraordinary item - Gain on restructuring of debt
   (no applicable income taxes)                                       0                  0                   0           7,955,831
                                                     ------------------  -----------------   -----------------  ------------------

                                  NET INCOME (LOSS)  $          (45,614) $      (1,305,997)  $         (98,440) $        4,465,980
                                                     ==================  =================   =================  ==================

BASIC AND DILUTED (LOSS) PER SHARE
Net income (loss) per weighted average share:
   Operations                                        $             (.00) $            (.07)  $            (.01) $             (.20)
   Extraordinary item                                               .00                .00                 .00                 .46
                                                     ------------------  -----------------   -----------------  ------------------

                                  NET INCOME (LOSS)  $             (.00) $            (.07)  $            (.01) $              .26
                                                     ==================  =================   =================  ==================

Weighted average number of common shares
   used to compute net income (loss) per weighted
   average share                                             18,386,429         18,386,429          18,386,429          17,461,429
                                                     ==================  =================   =================  ==================
</TABLE>



See Notes to Financial Statements.

                                        4

<PAGE>



                    DYNAMIC ASSOCIATES, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                               Nine months ended September 30,
                                                                                  2000                1999
                                                                           ------------------  -----------------
OPERATING ACTIVITIES
<S>                                                                        <C>                 <C>
   Net income (loss)                                                       $          (98,440) $       4,465,980
   Adjustments to reconcile net income (loss) to cash used by
     operating activities:
       Depreciation and amortization                                                  102,189          2,047,508
       Non-cash debt restructuring                                                          0         (7,955,831)
       Book value of disposed assets                                                        0             72,041
       Bad debts                                                                       46,565          2,018,180
       Unrealized change in investment                                                      0             13,000
       Deferred taxes                                                                       0            300,000
   Changes in assets and liabilities:
       Accounts receivable                                                           (153,897)        (1,523,549)
       Prepaid expenses and other                                                     (17,155)            87,721
       Accounts payable and accrued expenses                                          520,325            111,333
                                                                           ------------------  -----------------

                                NET CASH USED BY OPERATING ACTIVITIES                 399,587           (363,617)

INVESTING ACTIVITIES
   Loan - other                                                                         4,067                  0
   Deposits                                                                                 0                410
                                                                           ------------------  -----------------

                     NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES                   4,067                410

FINANCING ACTIVITIES
   Cash from (to) subsidiaries                                                         (5,705)                 0
   Principal payments on debt                                                               0             (3,290)
                                                                           ------------------  -----------------

                                                   NET CASH (USED) BY
                                                 FINANCING ACTIVITIES                  (5,705)            (3,290)
                                                                           ------------------  -----------------

                                DECREASE IN CASH AND CASH EQUIVALENTS                 397,949           (366,497)

Cash and cash equivalents at beginning of period                                      181,826            478,418
                                                                           ------------------  -----------------

                           CASH AND CASH EQUIVALENTS AT END OF PERIOD      $          579,775  $         111,921
                                                                           ==================  =================

SUPPLEMENTAL INFORMATION
   Cash paid for interest                                                  $           18,700  $         292,976
   Cash paid for income taxes                                                               0             23,931
</TABLE>


During  2000,  the  Company  purchased  equipment  in the amount of $13,625 on a
contract.  During 1999,  the Company issued  4,162,500  shares of its restricted
common stock and 8,325,000  warrants to purchase  stock at $1.50 per share until
December 31, 2000 to retire debt of $8,325,000 and accrued interest of $912,881.




See Notes to Financial Statements.

                                        5

<PAGE>



                    DYNAMIC ASSOCIATES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               September 30, 2000


NOTE 1:           SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES

         Basis of Presentation

         The accompanying  financial statements have been prepared in accordance
         with  generally  accepted  accounting  principles  ("GAAP") for interim
         financial  information.  Accordingly,  they do not  include  all of the
         information  and  footnotes  required by  generally  accepted  auditing
         principles for complete financial  statements.  The unaudited financial
         statements should, therefore, be read in conjunction with the financial
         statements  and notes  thereto in the Report on Form 10KSB for the year
         ended December 31, 1999. In the opinion of management,  all adjustments
         (consisting of normal and recurring  adjustments)  considered necessary
         for a fair presentation,  have been included. The results of operations
         for the three and nine-month  periods ended  September 30, 2000 are not
         necessarily  indicative  of the results  that may be  expected  for the
         entire fiscal year.

                                        6

<PAGE>



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

The Company is engaged in managing the operation of psychiatric/geriatric  units
for   various   hospitals   through   Perspectives   Health   Management   Corp.
("Perspectives"), a wholly owned subsidiary.

LIQUIDITY AND CAPITAL RESOURCES

As of September 30, 2000, the Company had $579,775 in cash and cash equivalents.
The Company incurred an ordinary loss of $.01 per share.

Perspectives,  a Nevada corporation,  is a 100% owned subsidiary of the Company.
It provides elderly healthcare and gero-psychology  services to small healthcare
facilities unable to provide these services in house. The Perspectives treatment
program  conforms  to the  guidelines  of the  JCAHO  Accreditation  Manual  for
Hospitals and Medical  Standards.  The program is reimbursed at cost by Medicare
when  established as a distinct part unit of a hospital  which  qualifies for an
exemption from the Medicare Prospective Payment System("PPS"). The PPS exemption
provides  for a cost plus  reimbursement  system for the unit,  which allows the
hospital to receive full reimbursement of the direct operating expenses, plus an
allocation  to the  unit of a  substantial  portion  of the  hospital's  overall
overhead and capital costs.

RESULTS OF OPERATIONS

During the three months ended  September 30, 2000, no management  fees were paid
or accrued  compared to $0 for the same period in 1999. The officers have agreed
to waive compensation due to the Company's lack of cash.

Net ordinary  loss for the three months ended  September  30, 2000 was $(45,614)
compared to a loss of $(1,305,997)  for the same period in 1999. The net loss is
$.00 per share  for the  quarter.  Net loss for the  period  is  largely  due to
interest accrued on convertible notes.

Management fee income was  $1,472,353  for the three months ended  September 30,
2000 compared to $2,055,890 for the same period in 1999. This is an 18% decrease
from 1999.  The main reasons for the decline are 4 fewer  contracts than in 1999
and a reduction in fees required  because the hospitals  have been unable to pay
some of the higher contracted amounts due to Medicare  reductions in the amounts
the hospitals receive.

General and  administrative  expenses for the three months ended  September  30,
2000 were $1,443,565 compared to $1,682,322 for the same period in 1999.

Depreciation and amortization  expenses for the three months ended September 30,
2000 were $9,768 and $0  respectively  compared to $9,347 and  $636,320  for the
same  period in 1999.  In 1999,  the  Company  adjusted  the  carrying  value of
goodwill to the amount it expects to receive from the sale of  Perspectives  and
is no longer amortizing goodwill on a quarterly basis.

Interest  expense for the three  months  ended  September  30, 2000 was $166,128
compared to $193,837 for the same period in 1999.  Interest  expense is incurred
to the  Convertible  Note Holders of the Company.  The Company is  delinquent on
most of its interest payments due in 2000 (about $846,000).

During the nine months ended September 30, 2000, no management fees were paid or
accrued  compared  to $75,769  for the same period in 1999.  The  officers  have
agreed to waive compensation due to the Company's lack of cash.

Net ordinary  loss for the nine months ended  September  30, 2000 was  $(98,440)
compared to a gain of  $4,465,980  for the same period in 1999.  The net loss is
$.01 per share  for the  quarter.  Net loss for the  period  is  largely  due to
interest on convertible notes.

Management  fee income was  $4,834,805  for the nine months ended  September 30,
2000 compared to $6,569,302 for the same period in 1999.  This is a 26% decrease
from 1999.  The main reasons for the decline are 4 fewer  contracts than in 1999
and a reduction in fees required  because the hospitals  have been unable to pay
some of the higher contracted amounts due to Medicare  reductions in the amounts
the hospitals receive.

General and administrative expenses for the nine months ended September 30, 2000
were $4,368,662 compared to $5,104,844 for the same period in 1999.


                                        7

<PAGE>



Depreciation and  amortization  expenses for the nine months ended September 30,
2000 were $19,233 and $0 respectively compared to $39,401 and $1,908,960 for the
same  period in 1999.  In 1999,  the  Company  adjusted  the  carrying  value of
goodwill to the amount it expects to receive from the sale of  Perspectives  and
is no longer amortizing goodwill on a quarterly basis.

Interest  expense  for the nine months  ended  September  30, 2000 was  $498,844
compared to $677,661 for the same period in 1999.  Interest  expense is incurred
to the  Convertible  Note Holders of the Company.  The Company is  delinquent on
most of its interest payments due in 2000 (about $846,000).

Even  though  the  Company  is in  default,  it has made  arrangements  with the
majority  of its  noteholders  to convert the debt at the rate of $.15 per share
into the Company's  common stock.  The promissory  note described in Item 5 will
also be assigned to the noteholders.

Pre-consolidation net income (loss) is as follows:

                           Dynamic          $      (573,501)
                           Perspectives             475,061
                                            ---------------

                                            $       (98,440)
                                            ===============

Impact of the Year 2000 Issue
The "Year 2000 Problem" arose because many existing  computer  programs use only
the last two digits to refer to a year.  Therefore,  these computer  programs do
not  properly  recognize a year that begins  with "20"  instead of the  familiar
"19".  If not  corrected,  many  computer  applications  could  fail  or  create
erroneous  results.  The extent of the potential impact of the Year 2000 Problem
is not yet  known,  and if not  timely  corrected,  it could  affect  the global
economy.  The Company did not  experience  any Y2K  problems and does not expect
problems in the future.

Forward Looking Statements
The  information  contained in this section and elsewhere may at times represent
management's  best estimates of the Company's future financial and technological
performance, based upon assumptions believed to be reasonable.  Management makes
no  representation or warranty,  however,  as to the accuracy or completeness of
any of these  assumptions,  and nothing  contained  in this  document  should be
relied  upon as a promise  or  representation  as to any future  performance  or
events. The Company's ability to accomplish these objectives, and whether or not
it will be financially  successful is dependent upon numerous  factors,  each of
which  could  have a  material  effect on the  results  obtained.  Some of these
factors  are within the  discretion  and  control of  management  and others are
beyond management's control. Management considers the assumptions and hypothesis
used in preparing any forward-looking  assessments of profitability contained in
this document to be  reasonable;  however,  we cannot assure  investors that any
projections  or  assessments  contained in this  document,  or otherwise made by
management, will be realized or achieved at any level.

ITEM 1.         LEGAL PROCEEDINGS

Not applicable.

ITEM 2.         CHANGES IN SECURITIES AND USE OF PROCEEDS

Not applicable.

ITEM 3.         DEFAULT UPON SENIOR SECURITIES

Not applicable.

ITEM 4.         SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Not applicable.


                                        8

<PAGE>



                           PART II - OTHER INFORMATION

ITEM 5.         OTHER INFORMATION

                The Company is in the final stages of entering into an agreement
                for the sale of all the assets of its wholly  owned  subsidiary,
                Perspectives  Health  Management  LLC  ("Perspectives"),   to  a
                Delaware limited liability company named New Perspectives Health
                Management Corp. (The  "Purchaser").  As this is the only active
                business   operation  within  the  Company  and  represents  the
                transfer  of all of the  combined  assets of the  Company and it
                subsidiaries,  this sale  will  leave the  Company  without  any
                active business or assets.

                Under this agreement,  Perspectives  will sell all of its assets
                to the Purchaser in exchange for:

                1.    Twenty thousand dollars and no cents ($20,000) U.S. as the
                      first installment of ninety (60) equal monthly payments in
                      accordance with the Promissory Note described in paragraph
                      (2) below.

                2.    A  promissory  note  in the  stated  principal  amount  of
                      $1,737,657.80   payable  in  60  monthly  installments  of
                      $20,000 each together with interest accrued thereon at the
                      simple interest rate of eight percent (8%) per annum. This
                      promissory note will be secured by a security  interest in
                      the Assets.

                3.    The  Purchaser's  agreement  to assume and  discharge in a
                      timely manner the  obligations of  Perspectives  under all
                      contracts, accounts payable, and agreements transferred by
                      Perspectives to the Purchaser.

                4.    In addition,  Purchaser  has agreed that in the event of a
                      Major  Transaction,  it shall pay the entire amount of the
                      principle  and  interest  then owing under the  promissory
                      note, plus:

                           a.       50%  of  the  net  proceeds  of  such  Major
                                    Transaction,  if the  Major  Transaction  is
                                    entered   into  or   closes   on  or  before
                                    September 1, 2002; and

                           b.       25%  of  the  net  proceeds  of  such  Major
                                    Transaction,  if the  Major  Transaction  is
                                    entered  into or closes  after  September 1,
                                    2002, but on or before September 1, 2003.

                      A Major Transaction occurs if:

                      a.   urchaser merges or consolidates with another entity;

                      b.   Purchaser   sells  or  otherwise   transfers  all  or
                           substantially all of its assets; or

                      c.   More that 50% of the voting  membership  interest  of
                           Purchaser is transferred in a single transaction or a
                           series of related transactions,  other than transfers
                           to certain  permitted  transferees  of the members of
                           Purchaser.

                             Net proceeds  with  respect to a Major  Transaction
                             equals all of the net  consideration to be received
                             by   Purchaser   or  its   members  in  such  Major
                             Transaction, less any principal and interest paid.

                The obligation of the Parties to consummate this sale is subject
                to each of the following conditions:

                  a.       All  representations  and warranties of Perspectives,
                           Dynamic and the Purchaser are true and correct in all
                           material respects on the closing date;

                  b.       There have been no  material  adverse  changes to the
                           business  between the date of the  agreement  and the
                           closing date;

                  c.       No  action  or  proceeding  before  the  Governmental
                           Authority  has  been   instituted  or  threatened  to
                           restrain or prohibit the transactions contemplated by
                           the agreement.


                                        9

<PAGE>



                  d.       The note holders of Dynamic have each  approved:  (a)
                           the agreement  and the sale,  and (b) the exchange of
                           the  existing  notes  for a pro  rata  share  of  the
                           promissory note and other consideration.

                  e.       Each note holder has executed a representation letter
                           consenting  to the sale of the assets and  assignment
                           fo the note.

                The sale must be  consummated  within thirty (30) days following
                the latest of the date(s) of approval of the  transaction by the
                shareholders   of  Dynamic   and  the  note   holders   and  the
                satisfaction  of each other  condition to closing,  but no later
                than the 1st day of September,  2000,  unless both parties agree
                in writing on a later closing date.

                At the Closing,  the Purchaser shall take all actions  necessary
                to  ensure  that any and all  liabilities  of  Perspectives  are
                satisfied or paid current so that Perspectives is not in default
                under any such obligations.

                Subsequent to September 30, 2000, management has determined that
                there  is   substantial   doubt  that  this  agreement  will  be
                consumated.

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K.

         (a)      Exhibits
                  99-1 Financial Statements as of September 30, 2000
                  27 Financial Data Schedule

         (b)      Reports on Form 8-K
                  None

                                   SIGNATURES

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

                                                     DYNAMIC ASSOCIATES, INC.


DATED: November 20, 2000                    By:/s/ Grace Sim
      ---------------------                    ------------------------------
                                               Grace Sim, Secretary/Treasurer



                                       10