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, 1999.

[ ]   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.)

6955 East Caballo Drive
Paradise Valley, Arizona                          85253
(Address of principal executive offices         (Zip Code)

Issuer's telephone number, including area code: (602) 483-8700

Indicate by a check mark  whether the issuer (1) has filed all reports  required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the issuer was required
to file such reports),  and (2) has been subject to such filing requirements for
the past 90 days [X] Yes [ ] No

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, 1999
$.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'  equity 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 nine
months ended  September 30, 1999 are not  necessarily  indicative of the results
that can be expected for the year ending December 31,1999.




                                        2

<PAGE>



                    DYNAMIC ASSOCIATES, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS


<TABLE>
<CAPTION>
                                                                                               September 30,       December 31,
                                                                                                   1999                1998
                                                                                                (Unaudited)          (Audited)
                                                                                             -----------------  ------------------
ASSETS
         CURRENT ASSETS
<S>                                                                                          <C>                <C>
              Cash and cash equivalents                                                      $         111,921  $          478,418
              Accounts receivable (less allowance for doubtful accounts of
                $338,807 in 1999, $2,552,100 in 1998)                                                3,178,465           3,741,260
              Loans receivable - related parties                                                        52,500              52,500
              Other receivables                                                                        154,825              86,662
              Prepaid expense and other current assets                                                  22,229             109,950
              Deferred tax benefit                                                                           0             300,000
                                                                                             -----------------  ------------------
                                                                      TOTAL CURRENT ASSETS           3,519,940           4,768,790

         PROPERTY, PLANT & EQUIPMENT                                                                   117,291             228,733

         OTHER ASSETS
              Deferred debt issue costs (less amortization of $288,780)                                588,417           1,331,307
              Investment - restricted stock                                                              4,000              17,000
              Goodwill (less amortization of $7,171,960)                                            17,685,815          19,594,775
              Deposits                                                                                       0                 410
                                                                                             -----------------  ------------------
                                                                                                    18,278,232          20,943,492
                                                                                             -----------------  ------------------

                                                                                             $      21,915,463  $       25,941,015
                                                                                             =================  ==================

LIABILITIES & EQUITY
         CURRENT LIABILITIES
              Accounts payable                                                               $         114,786  $          596,812
              Accrued expenses                                                                         577,037             275,101
              Current portion of long-term debt                                                         10,894               3,978
              Accrued interest payable                                                                 170,393             791,851
                                                                                             -----------------  ------------------
                                                                 TOTAL CURRENT LIABILITIES             873,110           1,667,742

         Long-term debt                                                                                      0              10,206
         Convertible notes                                                                           8,676,500          17,001,500
                                                                                             -----------------  ------------------
                                                                                                     8,676,500          17,011,706
                                                                                             -----------------  ------------------
                                                                         TOTAL LIABILITIES           9,549,610          18,679,448

         STOCKHOLDERS' EQUITY
              Common Stock $.001 par value:
                Authorized - 25,000,000 shares
                Issued and outstanding 18,386,429 shares (14,223,929 in 1998)                           18,386              14,224
              Additional paid-in capital                                                            19,146,474          18,512,330
              Retained deficit                                                                      (6,799,007)        (11,264,987)
                                                                                             -----------------  ------------------
                                                                TOTAL STOCKHOLDERS' EQUITY          12,365,853           7,261,567
                                                                                             -----------------  ------------------

                                                                                             $      21,915,463  $       25,941,015
                                                                                             =================  ==================
</TABLE>




                                        3

<PAGE>



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



<TABLE>
<CAPTION>
                                                        Three Months Ended September 30,        Nine Months Ended September 30,
                                                            1999                1998               1999                1998
                                                     ------------------  -----------------   -----------------  ------------------
<S>                                                  <C>                 <C>                 <C>                <C>
Management fees                                      $        2,055,890  $       3,081,373   $       6,569,302  $       10,845,603
                                                     ------------------  -----------------   -----------------  ------------------
                                                              2,055,890          3,081,373           6,569,302          10,845,603

General & administrative expenses                             1,682,322          2,260,171           5,104,844           7,846,232
Depreciation                                                      9,347             15,473              39,401              46,141
Amortization of goodwill                                        636,320            636,320           1,908,960           1,908,960
Bad debts                                                       844,103                  0           2,018,180             735,000
                                                     ------------------  -----------------   -----------------  ------------------
                                                              3,172,092          2,911,964           9,071,385          10,536,333
                                                     ------------------  -----------------   -----------------  ------------------

                        NET OPERATING INCOME (LOSS)          (1,116,202)           169,409          (2,502,083)            309,270

OTHER INCOME (EXPENSE)
   Interest income                                                2,242              2,882               2,893              16,877
   Interest expense                                            (193,837)          (479,390)           (677,661)         (1,426,695)
   Bad debts - former subsidiaries                                    0                  0                   0          (2,169,806)
   Disposition of subsidiaries                                        0                  0                   0             256,493
   Loss on disposition                                                0            (16,996)                  0             (16,996)
   Unrealized (decrease) in investment                                0             (2,000)            (13,000)             (4,800)
                                                     ------------------  -----------------   -----------------  ------------------
                                                               (191,595)          (495,504)           (687,768)         (3,344,927)
                                                     ------------------  -----------------   -----------------  ------------------

                     NET (LOSS) BEFORE INCOME TAXES          (1,307,797)          (326,095)         (3,189,851)         (3,035,657)

INCOME TAX EXPENSE (BENEFIT)                                     (1,800)           (12,000)            300,000             134,550
                                                     ------------------  -----------------   -----------------  ------------------

                                  NET (LOSS) BEFORE
                                 EXTRAORDINARY ITEM          (1,305,997)          (314,095)         (3,489,851)         (3,170,207)

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

                                  NET INCOME (LOSS)  $       (1,305,997) $        (314,095)  $       4,465,980  $       (3,170,207)
                                                     ==================  =================   =================  ==================

Net income (loss) per weighted average share:
   Operations                                        $             (.07) $            (.02)  $            (.20) $             (.22)
   Extraordinary item                                               .00                .00                 .46                 .00
                                                     ------------------  -----------------   -----------------  ------------------

                                  NET INCOME (LOSS)  $             (.07) $            (.02)  $             .26  $             (.22)
                                                     ==================  =================   =================  ==================

Weighted average number of common shares
   used to compute net income (loss) per weighted
   average share                                             18,386,429         14,223,929          17,461,429          14,172,647
                                                     ==================  =================   =================  ==================
</TABLE>




                                        4

<PAGE>



                    DYNAMIC ASSOCIATES, INC. AND SUBSIDIARIES
           CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
                                   (Unaudited)



<TABLE>
                                                Common Stock                   Additional
                                               Par Value $.001                   Paid-In            Retained
                                         Shares              Amount              Capital             Deficit
                                    -----------------  ------------------  ------------------  -----------------
<S>                                 <C>                <C>                 <C>                 <C>
Balances at 12/31/98                       14,223,929  $           14,224  $       18,512,330  $     (11,264,987)
   Issuance of common stock
     to restructure debt                    4,162,500               4,162             634,144
Net income for period                                                                                  4,465,980
                                    -----------------  ------------------  ------------------  -----------------

Balances at 9/30/99                        18,386,429  $           18,386  $       19,146,474  $      (6,799,007)
                                    =================  ==================  ==================  =================
</TABLE>





                                        5

<PAGE>



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



<TABLE>
<CAPTION>
                                                                               Nine months ended September 30,
                                                                                  1999                1998
                                                                           ------------------  -----------------
OPERATING ACTIVITIES
<S>                                                                        <C>                 <C>
   Net income (loss)                                                       $        4,465,980  $      (3,170,207)
   Adjustments to reconcile net income (loss) to cash used by
     operating activities:
       Depreciation and amortization                                                2,047,508          2,104,870
       Non-cash debt restructuring                                                 (7,955,831)                 0
       Book value of spun-off subsidiaries                                                  0          1,743,312
       Book value of disposed assets                                                   72,041             53,017
       Bad debts                                                                    2,018,180            735,000
       Unrealized change in investment                                                 13,000              4,800
       Deferred taxes                                                                 300,000                  0
   Changes in assets and liabilities:
       Accounts receivable                                                         (1,523,549)        (2,903,710)
       Prepaid expenses and other                                                      87,721             (9,265)
       Accounts payable and accrued expenses                                          111,333           (424,075)
       Deposits                                                                             0            (11,496)
       Income taxes payable                                                                 0           (253,328)
                                                                           ------------------  -----------------

                                NET CASH USED BY OPERATING ACTIVITIES                (363,617)        (2,131,082)

INVESTING ACTIVITIES
   Loan - other                                                                             0             (9,861)
   Purchase of equipment                                                                    0            (14,951)
   Deposits                                                                               410                  0
                                                                           ------------------  -----------------

                     NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES                     410            (24,812)

FINANCING ACTIVITIES
   Cash from (to) subsidiaries                                                              0           (387,982)
   Principal payments on debt                                                          (3,290)           (23,374)
   Loans - related parties                                                                  0            150,000
   Proceeds from sale of common stock                                                       0            250,000
                                                                           ------------------  -----------------

                                                   NET CASH (USED) BY
                                                 FINANCING ACTIVITIES                  (3,290)           (11,356)
                                                                           ------------------  -----------------

                                DECREASE IN CASH AND CASH EQUIVALENTS                (366,497)        (2,167,250)

Cash and cash equivalents at beginning of period                                      478,418          2,616,174
                                                                           ------------------  -----------------

                           CASH AND CASH EQUIVALENTS AT END OF PERIOD      $          111,921  $         448,924
                                                                           ==================  =================

SUPPLEMENTAL INFORMATION
   Cash paid for interest                                                  $          292,976  $       1,710,114
   Cash paid for income taxes                                                          23,931            256,595
</TABLE>

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.

During  1998,  the  Company  purchased  a vehicle  in the  amount of  $16,943 by
incurring a loan in the same amount.



                                        6

<PAGE>



                    DYNAMIC ASSOCIATES, INC. AND SUBSIDIARIES
                SELECTED NOTES TO UNAUDITED FINANCIAL STATEMENTS



NOTE 1:         SEGMENT INFORMATION

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

                           Dynamic                            $     5,478,768
                           Genesis                                 (1,130,098)
                           GCCA                                       117,310
                                                              ---------------

                                                              $     4,465,980
                                                              ===============

NOTE 2:         SUBSEQUENT EVENTS

                The Company intends to place Genesis and GCCA into a new private
                corporation.  Dynamic will receive  18,386,439  shares of common
                stock in the new  corporation.  Dynamic will then distribute its
                shares in the new  corporation  to Dynamic's  shareholders.  The
                transaction  will leave  Dynamic with no operations or source of
                revenue.




                                        7

<PAGE>



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

In August 1999,  all parties  involved in the planned merger between the Company
and  Advanced  Clinical   Systems,   Inc.  agreed  to  rescind  the  Merger  and
Contribution  Agreements.  The  Company's  subsidiaries,  Genesis  and GCCA were
returned to Dynamic and all Management Agreements were cancelled with Advanced.

In  September,  Clay  Deardorff  was  appointed  President of Dynamic as well as
Genesis and GCCA. Mr. Deardorff had been Chief of Operations of Genesis and GCCA
since February  1999.  Ms. Jan Wallace  resigned as President of the Company and
its subsidiaries, but remained as Chairman of the Board of Dynamic. In addition,
at this same time,  Director Elliot Smith resigned and was replaced on the board
of directors by Mr. Deardorff.

In September,  the  management of Genesis and GCCA also decided to move the head
office of both companies  from Bossier City,  Louisiana to Plano,  Texas.  These
companies  currently  lease space at 2121 West Spring  Creek  Blvd.,  Suite 109,
Plano, TX 75023.  Their joint  telephone  number is (972) 208-1435 and their fax
number is (972) 208-2636.

The Company  currently plans to consolidate  these two subsidiaries into one new
Nevada  corporation,  Perspectives  Health  Management  Corp.  ("PHM").  PHM was
incorporated by the Company  specifically  for this purpose on October 12, 1999.
PHM on October 28, 1999 received  permission to do business in Texas.  Following
this consolidation and approval by the shareholders, the Company currently plans
to spin off this  wholly-owned  subsidiary  by issuing  out all of its shares of
stock directly to its  shareholders on a one for one basis. The full details and
terms of this  proposed  spin off will be  provided to  shareholders  in a proxy
statement which is currently being prepared.

Following this spin off, the Company plans to pursue business  opportunities  in
the field of microwave technology for use in health care applications related to
invasive  medical  procedures.  Details  of  these  opportunities  are  not  yet
available as they are only in the process of investigation.

During the second quarter,  the Company  learned that one of its Directors,  Mr.
William H. Means had entered into a Plea  Agreement on January 15, 1993 in which
he pled guilty to a two-count  Bill of  Information  in United  States  District
Court, Western District of Louisiana,  Shreveport Division, CR. No. 93-500001-01
to  soliciting,  demanding and accepting  payments from certain  individuals  in
violation  of Title 18,  United  States  Code,  Section  215(a)(2).  [18  U.S.C.
ss215(a)(2)].  This information will appear in the Company's amended Form 10K to
be filed shortly with the Securities and Exchange Commission.

In this quarter,  the Company  settled a dispute with its former  management and
certain other  individuals  in which all of the  Company's  common stock held by
Mrs.  Vickie T. Lucky was  distributed  to certain of the Company's Note Holders
who agreed to pay the cost of the Company's  attorney's  fees.  Also received in
this  settlement  were  all of  Mrs.  Lucky's  shares  of the  Company's  former
subsidiary,  MW Medical,  Inc.,  part of which shares were  distributed to these
same Note Holders and part of which were returned to MW Medical.

LIQUIDITY AND CAPITAL RESOURCES

As of September 30, 1999, the Company had $111,921 in cash and cash equivalents.
The  Company  incurred  an  operating  loss of $.14 per  share  after  deducting
$1,948,361 for amortization of goodwill and  depreciation.  The cost of goodwill
and debt cost amortization is approximately  $.11 per share. Cash flow generated
from operations was approximately $.03 per share.

RESULTS OF OPERATIONS

The financial  statements  present the  activities  of the Company,  Genesis and
GCCA.

During the three months ended  September  30, 1999,  management  fees of $23,000
were  paid  compared  to  $94,801  for the same  period in 1998.  The  Company's
President  received  or was  accrued  the  amount of $15,000  and the  Company's
Secretary/Treasurer received or was accrued


                                        8

<PAGE>



the  amount of  $8,000.  The  officers  agreed to take no  compensation  for the
quarter ended June 30, 1999.

Net ordinary loss for the three months ended  September 30, 1999 was  $1,305,997
compared to a loss of $314,095 for the same period in 1998. The net loss is $.07
per  share  for  the  quarter.   A  charge  for  amortization  of  goodwill  and
depreciation  of $645,667 was incurred in the period which  represents  $.04 per
share.  The Company  generated from  operations a positive cash flow of $.03 per
share.  The  increased  loss  is,  to a  large  extent,  due to a  reduction  in
management fee income from the hospital units.

Management fee income was  $2,055,890  for the three months ended  September 30,
1999 compared to $3,081,373 for the same period in 1998. The revenues of Genesis
and GCCA are derived from the Medicare programs,  which are highly regulated and
subject to frequent and  substantial  changes.  In the last 2 years,  there have
been  fundamental  changes in the Medicare  programs,  including the prospective
payment system ("PPS"),  which Genesis and GCCA are dependent on for the billing
of its  services.  This has resulted in  limitations  on, and reduced  levels of
payment and reimbursement for the hospitals.

General and  administrative  expenses for the three months ended  September  30,
1999 were  $1,682,322  compared to $2,260,171  for the same period in 1998.  The
Company was able to reduce cost by restructuring the management staff of Genesis
and GCCA.  The  contracts of several  executive  management  personnel  were not
renewed at the end of 1998.

Depreciation and amortization  expenses for the three months ended September 30,
1999 were $9,347 and $636,320, respectively,  compared with $15,473 and $636,320
in 1998.

Interest  expense for the three  months  ended  September  30, 1999 was $193,837
compared to $479,390 for the same period in 1998.  Interest expense was incurred
on obligations to the  Convertible  Note Holders of the Company.  The decline in
interest  payments was largely due to the  refinancing  of the Company's debt to
these Note Holders at the end of 1998. This  refinancing  substantially  reduced
the principal obligation of the Company as well as the interest rate due thereon
for most of its debt.

During the nine months ended September 30, 1999, management fees of $98,769 were
paid compared to $241,067 for the same period in 1998.  The Company's  President
received   or  was   accrued   the   amount  of   $60,375   and  the   Company's
Secretary/Treasurer received or was accrued the amount of $38,394. The Company's
President  and  Secretary/Treasurer  agreed to forego any fees  after  March 30,
1999,  when the  Company  contributed  the  subsidiaries  to the LLC  under  the
Contribution  Agreement,  but began  taking  fees  again in  September  when the
Advanced merger was rescinded.

Net ordinary loss for the nine months ended  September  30, 1999 was  $3,489,851
compared to a loss of  $3,170,207  for the same period in 1998.  The net loss is
$.20 per share for the nine months.  A charge for  amortization  of goodwill and
depreciation of $1,948,361 was incurred in the period which  represents $.11 per
share.  The Company  generated a positive cash flow from  operations of $.09 per
share.  Net loss for the period was due  largely to bad debt write offs  arising
out of the  Company's  agreement to reduce its  management  fees in exchange for
early payment by the contracting units.

Management  fee income was  $6,569,302  for the nine months ended  September 30,
1999,  compared to $10,845,603  for the same period in 1998.  Since the Balanced
Budget Act of 1997,  Genesis and GCCA have had to reduce  their  management  fee
contracts with their hospital units.

General and administrative expenses for the nine months ended September 30, 1999
were $5,104,844  compared to $7,846,232 for the same period in 1998. The Company
has been successful in reducing its  administrative  expenses to accommodate its
reduced management fee income.

Depreciation and  amortization  expenses for the nine months ended September 30,
1999 were $39,401 and $1,908,960 respectively compared to $46,141 and $1,908,960
for the same period in 1998.

Interest  expense  for the nine months  ended  September  30, 1999 was  $677,661
compared  to  $1,426,695  for the same  period  in 1998.  Interest  expense  was
incurred on obligations to the


                                        9

<PAGE>



Convertible  Note Holders of the Company.  The decline in interest  payments was
largely due to the  refinancing  of the Company's  debt to these Note Holders at
the end of 1998. This refinancing substantially reduced the principal obligation
of the Company as well as the interest rate due thereon for most of its debt.

During the nine  months  ended  September  30,  1999,  the  Company  recorded an
extraordinary   gain  in  the  amount  of  $7,955,381  from   restructuring  its
convertible notes. The extraordinary gain represented income of $.46 per share.

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 will
not properly recognize a year that began 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  believes  that its  computer  programs are Y2K  compliant  and does not
expect to be adversely  affected by the issue,  however,  its revenue  source is
directly  related to certain  hospitals and other  government  agencies that may
have  computer  systems  with Year 2000  problems.  The  Health  Care  Financing
Administration  (HCFA)  announced  in the Spring of 1998,  that they would begin
preparing  providers  and  suppliers  for the  requirement  that they submit all
claims using 8-digit date fields.  On January 13, 1999,  HFCA notified  Medicare
contractors  that,  beginning  April 5, 1999,  claims not  submitted  in the Y2K
format must be returned to providers as unprocessable.  On February 1, 1999, the
Medicare  contractors issued bulletins to all providers  detailing this April 5,
1999,  compliance  deadline.  Since the Company is dependent on each  individual
hospital's  submission of cost reports for claims,  we have no  assurances  that
this  will be done  correctly  or in a timely  manner  and in the  Y2K-compliant
format so that  HCFA's  systems can  continue to process and pay bills  promptly
throughout the millennium transition.

                           PART II - OTHER INFORMATION

Item 5.            Other Information

None

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

         (a)      Exhibits
                  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 22, 1999



                                   By:
                                   Grace Sim, Secretary/Treasurer



                                       10