UNITED STATES
                 SECURITIES AND EXCHANGE COMMISSION
                       Washington, D.C.  20549

                             Form 10-KSB

(Mark One)

     [X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
          SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended September 30, 2007

     [   ]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: 000-32329

                         ALNILAM CORPORATION
         (Exact name of Registrant as specified in charter)

           NEVADA                             91-2081398
State or other jurisdiction of           I.R.S.Employer I.D. No.
    incorporation or organization

3151 AIRWAY AVENUE, SUITE P-3, COSTA MESA, CA                    92626
(Address of principal executive offices)                         (Zip
Code)

Former Address:  170 Newport Center Drive, Suite 220, Newport Beach,
CA   92660

Issuer's telephone number, including area code:  (949) 644-0095

Securities registered pursuant to Section 12(b) of the Act:  None

Securities registered pursuant to Section 12(g) of the Act:  Common
Stock, Par Value $.001

Check whether the Issuer is not required to file reports pursuant to
Section 13 or 15(d) of the Exchange Act.          [   ]

Check whether the Issuer (1) has filed all reports required to be
filed by section 13 or 15(d) of the Exchange Act during the past 12
months (or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.  (1) Yes [X]  No [   ]     (2) Yes
[X]  No [   ]

Check if disclosure of delinquent filers in response to Item 405 of
Regulation S-B is not contained in this form, and no disclosure will
be contained, to the best of registrant's knowledge, in definitive
proxy or information statements incorporated by reference in Part III
of this Form 10-KSB or any amendment to this Form 10-KSB.   [X]

<PAGE>

Indicate by check mark whether the Registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act).       [X]

State issuer's revenues for its most recent fiscal year:  $ -0-

State the aggregate market value of the voting stock held by
non-affiliates of the Registrant computed by reference to the price at
which the stock was sold, or the average bid and asked prices of such
stock, as of a specified date within the past 60 days:  The aggregate
market value of the voting stock held by non-affiliates of the
Registrant computed by using the closing sale price has been
indeterminable within the past 60 days as there has been no market for
the stock.

State the number of shares outstanding of each of the Issuer's classes
of common equity as of the latest practicable date:  At December 17,
2007, there were 500,000 shares of the Registrant's Common stock
outstanding.

Documents Incorporated by Reference:  None

                               PART I
                  ITEM 1.  DESCRIPTION OF BUSINESS

History and Organization

     Alnilam Corporation (the Company) was incorporated under the laws
of the State of Nevada on May 10, 2000.  The Company has conducted no
activities since its inception except in connection with the filing of
a registration statement on Form 10-SB on February 9, 2001.  The
registration statement became effective on April 10, 2001.

     Effective March 21, 2005, the outstanding shares of common stock
of the Company were reverse split at the rate of one-for-two.  At the
time of the reverse split there were 1,000,000 shares outstanding
which were reduced to 500,000 shares as a result of the reverse split.
Unless otherwise designated, the shares set forth in this report give
effect to this reverse split.

Proposed Business

     The Company is seeking potential business acquisitions or
opportunities to enter into in an effort to commence business
operations.  The Company does not propose to restrict its search for a
business opportunity to any particular industry or geographical area
and may, therefore, engage in essentially any business in any
industry.  The Company has unrestricted discretion in seeking and
participating in a business opportunity.

     The Company's Board of Directors, which consists of a single
individual, Eric Bronk, shall make the initial determination whether
to complete any such venture; however, the Board of Directors intends
to submit final approval of any proposed transaction to the
shareholders.  In connection with such approval by the shareholders,
the Company intends to provide disclosure documentation to its
shareholders as required under Section 14 of the Securities Exchange
Act of 1934, and the rules and regulations promulgated thereunder.

<PAGE>

     The selection of a business opportunity in which to participate
is complex and risky.  Additionally, as the Company has only limited
resources available to it, it may be difficult to find good
opportunities.  There can be no assurance that the Company will be
able to identify and acquire any business opportunity based on
management's business judgement.

     The Company has not begun any negotiations with potential
business ventures.  Management decided to file its Registration
Statement on a voluntary basis before seeking a business venture.
Management believes that being a reporting company may increase the
likelihood that existing business ventures may be willing to negotiate
with the Company.  The Company also intends to seek quotation of its
common stock on the OTC Bulletin Board following such an acquisition
or merger transaction.  In order to have stock quoted on the OTC
Bulletin Board, a company must be subject to the reporting
requirements of the 1934 Act, either by virtue of filing a
registration statement on Form 10 or Form 10-SB, or by filing a
registration statement under the 1933 Act.  The Company anticipates
that it would voluntarily file periodic reports with the Securities
and Exchange Commission, in the event its obligation to file such
reports is terminated under the Securities Exchange Act of 1934, if
the common stock of the Company were quoted on the OTC Bulletin Board.

     In connection with the application for quotation of the Company's
common stock on the OTC Bulletin Board, management intends, following
an acquisition of a business venture, to seek a broker-dealer to
become the initial market maker for the Company's common stock and to
submit the application to the OTC Bulletin Board.  There have been no
preliminary discussions or understandings between the Company, or
anyone acting on its behalf, and any market maker regarding such
application or the participation of any such market maker in the
future trading market for the Company's common stock.  Management
intends to contact broker-dealers who make markets in Bulletin Board
companies until one agrees to make the application.  There is no
assurance that the Company will be successful in locating such a
broker-dealer, or that the application, if submitted, would be
approved.  The Company does not intend to use outside consultants to
obtain market makers.  In addition, the Company does not intend to use
any of its shareholders to obtain market makers.

     Management intends to consider a number of factors prior to
making any final decision as to whether to participate in any specific
business endeavor, none of which may be determinative or provide any
assurance of success.  These may include, but will not be limited to,
an analysis of the quality of the entity's management personnel; the
anticipated acceptability of any new products or marketing concepts;
the merit of technological changes; its present financial condition,
projected growth potential and available technical, financial and
managerial resources; its working capital, history of operations and
future prospects; the nature of its present and expected competition;
the quality and experience of its management services and the depth of
its management; its potential for further research, development or
exploration; risk factors specifically related to its business
operations; its potential for growth, expansion and profit; the
perceived public recognition or acceptance of its products, services,
trademarks and name identification; and numerous other factors which
are difficult, if not impossible, to properly or accurately analyze,
let alone describe or identify, without referring to specific
objective criteria.

     Regardless, the results of operations of any specific entity may
not necessarily be indicative of what may occur in the future, by
reason of changing market strategies, plant or product expansion,
changes in product emphasis, future management personnel and changes
in  innumerable other factors.  Further, in the case of a new business
venture or one that is in a

<PAGE>

research and development stage, the risks will be substantial, and
there will be no objective criteria to examine the effectiveness or
the abilities of its management or its business objectives.  Also, a
firm market for its products or services may yet need to be
established, and with no past track record, the profitability of any
such entity will be unproven and cannot be predicted with any
certainty.

     Management will attempt to meet personally with management and
key personnel of the entity sponsoring any business opportunity
afforded to the Company, visit and inspect material facilities, obtain
independent analysis or verification of information provided and
gathered, check references of management and key personnel and conduct
other reasonably prudent measures calculated to ensure a reasonably
thorough review of any particular business opportunity; however, due
to time constraints of management, these activities may be limited.

     The Company is unable to predict the time as to when and if it
may actually participate in any specific business endeavor.  The
Company anticipates that proposed business ventures will be made
available to it through personal contacts of directors, executive
officers and stockholders, professional advisors, broker dealers in
securities, venture capital personnel, members of the financial
community, attorneys, and others who may present unsolicited
proposals.  In certain cases, the Company may agree to pay a finder's
fee or to otherwise compensate the persons who submit a potential
business endeavor in which the Company eventually participates.  Such
persons may include the Company's directors, executive officers,
beneficial owners or their affiliates.  In this event, such fees may
become a factor in negotiations regarding a potential acquisition and,
accordingly, may present a conflict of interest for such individuals.

     The Company's director and executive officers have not used
particular consultants, advisors or finders on a regular basis to
locate potential business opportunities.

     The possibility exists that the Company may acquire or merge with
a business or company in which the Company's executive officers,
director, beneficial owners or their affiliates may have an ownership
interest.  Current Company policy does not prohibit such transactions.
Because no such transaction is currently contemplated, it is
impossible to estimate the potential pecuniary benefits to these
persons.

     Although it currently has no plans to do so, depending on the
nature and extent of services rendered, the Company may compensate
members of management in the future for services that they may perform
for the Company.  Because the Company currently has extremely limited
resources, and is unlikely to have any significant resources until it
has completed a merger or acquisition, management expects that any
such compensation would take the form of an issuance of the Company's
stock to these persons; this would have the effect of further diluting
the holdings of the Company's other stockholders.  However, due to the
minimal amount of time devoted to management by any person other than
the Company's current sole director and the executive officers, there
are no preliminary agreements or understandings with respect to
management compensation.  Although it is not prohibited by statute or
its Articles of Incorporation, the Company has no plans to borrow
funds and use the proceeds to make payment to its management,
promoters or affiliates.

     Further, substantial fees are often paid in connection with the
completion of these types of acquisitions, reorganizations or mergers,
ranging from a small amount to as much as

<PAGE>

$250,000.  These fees are usually divided among promoters or founders,
after deduction of legal, accounting and other related expenses, and
it is not unusual for a portion of these fees to be paid to members of
management or to principal stockholders as consideration for their
agreement to retire a portion of the shares of common stock owned by
them.  However, management does not presently anticipate actively
negotiating or otherwise consenting to the purchase of all or any
portion of its common stock as a condition to, or in connection with,
a proposed merger or acquisition.  In the event that such fees are
paid, they may become a factor in negotiations regarding any potential
acquisition by the Company and, accordingly, may present a conflict of
interest for such individuals.

     The activities of the Company are subject to several significant
risks which arise primarily as a result of the fact that the Company
has no specific business and may acquire or participate in a business
opportunity based on the decision of management, subject to the
approval of the Company's shareholders.  The risks faced by the
Company are further increased as a result of its lack of resources and
its inability to provide a prospective business opportunity with
significant capital.

     The Company has had no employees since its inception and does not
intend to employ anyone in the future, unless its present business
operations were to change.  The Company is not paying salaries or
other forms of compensation to its present officers and director for
his time and effort.  Unless otherwise agreed to by the Company, the
Company does intend to reimburse its officers and directors for
out-of-pocket expenses.

Status as a Pseudo California Corporation.

     Section 2115 of the California General Corporation Law subjects
certain foreign corporations doing business in California to various
substantive provisions of the California General Corporation Law in
the event that the average of its property, payroll and sales is more
than 50% in California and more than one-half of its outstanding
voting securities are held of record by persons residing in the State
of California.  Notwithstanding the fact that the Company currently
has no property, payroll, or sales, it may still be considered a
pseudo California corporation, even though it was incorporated under
the laws of the State of Nevada.  The designation as a pseudo
California corporation would continue until the end of the first year
following a year in which we did not meet the test.

     Some of the substantive provisions applicable to a pseudo
California corporation include: (i) under Section 305 of California
corporate law, if a vacancy in our board of directors is filled by the
remaining directors and the directors appointed by the board
constitute a majority, any shareholders owning an aggregate of 5% or
more of the outstanding shares have the right to call a special
meeting of shareholders to elect the entire board; (ii) under Section
506 of California corporate law shareholders receiving any prohibited
distribution for dividends, liquidation, redemption of shares, or
similar transaction, with knowledge of facts indicating the
impropriety thereof is liable to the corporation for the benefit of
all of the creditors or shareholders entitled to institute action for
the amount so received by the shareholder; (iii) Section 710 of
California corporate law also limits the ability of a corporation to
provide for super-voting shares by requiring approval of super-voting
provisions by at least as large a portion of the outstanding shares as
is required pursuant to the super-voting provisions and renewal of the
provisions by the same portion every two years; (iv) under Section
1300 of California corporate law shareholders shall have the right to
vote, and shall have dissenters rights, in any transaction resulting

<PAGE>

 in a change of control or in an acquisition of all or substantially
all of the assets of another corporation; (v) under Section 1600 any
shareholder or shareholders owning at least 5% of the outstanding
shares may inspect and copy the record of shareholders' names and
addresses or may obtain a shareholders' list from the transfer agent;
and, (vi) Section 1601 also permits any shareholder to inspect the
accounting books and records and minutes of proceedings of the
shareholders and the board and committees, provided that the
inspection is for a purpose reasonably related to the shareholder's
interests as a shareholder.

                  ITEM 2.  DESCRIPTION OF PROPERTY

The Company neither owns nor leases any office space, real property,
or equipment.

                     ITEM 3.  LEGAL PROCEEDINGS

No legal proceedings are reportable pursuant to this item.

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

No matters were submitted to a vote of shareholders of the Company
during the fourth quarter of the fiscal year ended September 30, 2007.

                               PART II

 ITEM 5.  MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND
        SMALL BUSINESS ISSUER PURCHASES OF EQUITY SECURITIES

     There is no established trading market for the common stock of
the Company.

     None of the common shares are subject to outstanding options or
warrants, nor are there any other outstanding securities convertible
into shares of Common stock.  Since its inception, the Company has
been a shell company.  As such, none of the outstanding shares can be
resold pursuant to Rule 144 for a period of one year following the
date the Company has filed Form 10 information reflecting its status
as an entity which is no longer a shell company and provided that it
has filed all periodic reports under the Exchange Act.  The Company
has expressly granted piggy-back registration rights to register
24,750 shares issued to counsel for the Company.  The Company has not
proposed to publicly offer any shares of Common stock.

     At December 17, 2007, the Company had 27 shareholders of record.
The Company has appointed Interwest Transfer Company, Inc., 1981 East
4800 South, Suite 100, Salt Lake City, UT 84117, to act as its
transfer agent.

     Since its inception, the Company has not paid any dividends on
its common stock and the Company does not anticipate that it will pay
dividends in the foreseeable future.

     The Company has not adopted any equity compensation plans.

     During the year ended September 30, 2007, no securities were sold
by the Company.

<PAGE>

 ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

     The Company has not commenced development of any business.  Since
its inception, the Company has had no operations.  The Company was
organized for the purpose of engaging in any lawful activity permitted
under Nevada state law; however, the Company does not have any
significant cash or other material assets, nor does it have an
established source of revenues sufficient to cover operating costs and
to allow it to continue as a going concern.  The Company intends to
take advantage of any reasonable business proposal presented which
management believes will provide the Company and its stockholders with
a viable business opportunity.  The board of directors will make the
final approval in determining whether to complete any acquisition, but
will submit the proposal to the shareholders for final approval.

     The original shareholders contributed a total of $7,365 in cash
and $2,635 in services as capital contributions for stock of the
Company.  Rigel Funds Management, Ltd., an entity of which Eric C.
Bronk, sole director and president of the Company, is a director,
loaned $14,835 to the Company at its inception for operating expenses.
The Company has issued other promissory notes to Cygni Capital, LLC,
an entity of which Mr. Bronk is a managing member. (See Item 12.
Certain Relationships and Related Transactions.)  All of the notes
payable are due and payable upon demand.  The total accumulated
interest to September 30, 2007, is $10,416.  If the company is unable
to find a suitable business by the time the notes are called due, it
is anticipated that the Company would try to renegotiate the term of
the notes.

     Management estimates that the cash requirements for the year
ending September 30, 2007, will be approximately $10,000, if no change
in operations occurs during the year.  Management anticipates that
these funds will be loaned to the Company on the same or similar terms
as those of previous loans to the Company.  There is no agreement with
any of the companies and no assurance that all or a portion of these
funds will be loaned to the Company.  If the Company is unable to
borrow such funds, management will seek other sources of funding which
are currently unknown to management.  There is no assurance that such
funding would be available, or that if it is made available, it could
be obtained on terms favorable to the Company.

     The investigation of specific business opportunities and the
negotiation, drafting, and execution of relevant agreements,
disclosure documents, and other instruments will require substantial
management time and attention and will require the Company to incur
costs for payment of accountants, attorneys, and others.  If a
decision is made not to participate in or complete the acquisition of
a specific business opportunity, the costs incurred in a related
investigation will not be recoverable.  Further, even if an agreement
is reached for the participation in a specific business opportunity by
way of investment or otherwise, the failure to consummate the
particular transaction may result in the loss to the Company of all
related costs incurred.

     Currently, management is not able to determine the time or
resources that will be necessary to locate and acquire or merge with a
business prospect.  There is no assurance that the Company will be
able to acquire an interest in any such prospects, products, or
opportunities that may exist or that any activity of the Company,
regardless of the completion of any transaction, will be profitable.
If and when the Company locates a business opportunity, management of
the Company will give consideration to the dollar amount of that
entity's profitable operations and the adequacy of its working capital
in determining the terms and conditions under which the Company would
consummate such an acquisition.  Potential business opportunities, no

<PAGE>

matter which form they may take, will most likely result in
substantial dilution for the Company's shareholders due to the likely
issuance of stock to acquire such an opportunity.

Off-Balance Sheet Arrangements

     There are currently no off-balance sheet arrangements.  Until the
Company is able to locate a potential business for acquisition or
business prospect to merge with, there will likely not be any
arrangements.

     There is no assurance that the Company will be able to acquire an
interest in any such prospects, products, or opportunities that may
exist or that any activity of the Company, regardless of the
completion of any transaction, will be profitable.  If and when the
Company locates a business opportunity, management of the Company will
give consideration to the dollar amount of that entity's profitable
operations and the adequacy of its working capital in determining the
terms and conditions under which the Company would consummate such an
acquisition.  Potential business opportunities, no matter which form
they may take, will most likely result in substantial dilution for the
Company's shareholders due to the likely issuance of stock to acquire
such an opportunity.

     The financial statements of the Company are set forth immediately
following the signature page of this annual report.  The financial
statements of the company have not been audited in reliance upon Rule
3-11 of Regulation S-X, but have been completed my management.  The
company maintains that it meets the requirements of this rule and
provides the following specific information:

     (a)  Its gross receipts from all sources for the fiscal year
          covered in the financial statements were not in excess of
          $100,000;
     (b)  the Company had not purchased or sold any of its stock,
          granted any options therefor, or levied assessments upon any
          outstanding stock;
     (c)  expenditures for all purposes for the fiscal year were not
          in excess of $100,000;
     (d)  there was no material change in the business of the Company
          occurring during the fiscal year, including any bankruptcy,
          reorganization, readjustment or succession or any material
          acquisition or disposition of plants, mines, mining
          equipment, mine rights, or leases; and
     (e)  the shares of the Company are not listed upon any exchange
          and it is not subject to any government authority which
          requires the furnishing to it or publication of audited
          financial statements.

       ITEM 8.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
               ON ACCOUNTING AND FINANCIAL DISCLOSURE

     No information is reportable pursuant to this item.

<PAGE>

                  ITEM 8A.  CONTROLS AND PROCEDURES

Evaluation of disclosure and controls and procedure

With the participation of management our chief executive officer and
chief financial officer have evaluated the effectiveness of the design
and operation of our disclosure controls and procedures (as defined in
Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of
1934, as amended) as of the end of the period covered by this report.
Based on that evaluation the chief executive officer and chief
financial officer have concluded that our disclosure controls and
procedures are designed to ensure that information required to be
disclosed by us in the reports that we file or submit under the
Exchange Act is recorded, processed, summarized and reported within
the time periods specified in the SEC's rules and forms, and are
operating in an effective manner.

Changes in Internal Controls

There were no changes in our internal control over financial reporting
that have materially affected, or are reasonably likely to materially
affect, our internal control over financial reporting.

     It should be noted that any system of controls, however well
designed and operated, can provide only reasonable and not absolute
assurance that the objectives of the system will be met.  In addition,
the design of any control system is based in part upon certain
assumptions about the likelihood of future events.  Because of these
and other inherent limitations of control systems, there is only
reasonable assurance that our controls will succeed in achieving their
stated goals under all potential future conditions.

ITEM 8A.  OTHER INFORMATION

     No information is reportable pursuant to this item.

                              PART III

ITEM 9.  DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
          COMPLIANCE WITH SECTION 16(a) OF TH EXCHANGE ACT

     The following table sets forth as of December 17, 2007, the name,
age, and position of the executive officers and sole director of the
Company and the term of office of such director:

Name                Age  Position(s)              Director Since

Eric Bronk          60   Director, President &         December 2006
Treasurer
Lynn Carlson        52   Vice-President & Secretary    --

     Directors are elected for a term of one year and until their
successors are elected and qualified.  Annual meetings of the

<PAGE>

stockholders, for the selection of directors to succeed those whose
terms expire, are to be held at such time each year as designated by
the Board of Directors.  The Board of Directors has not selected a
date for the next annual meeting of shareholders.  Officers of the
Company are elected by the Board of Directors, which is required to
consider that subject at its first meeting after every annual meeting
of stockholders.  Each officer holds his office until his successor is
elected and qualified or until his earlier resignation or removal.

     Set forth below is certain biographical information regarding the
Company's current executive officers and sole director:

     ERIC CHESS BRONK has been the president and treasurer of the
Company since December 2006.  From June 1998 to the present, Mr. Bronk
has been the President of Cygni Capital, LLC, a California limited
liability company engaged in financial consulting services.  From 1972
to the present Mr. Bronk has been a practicing attorney, licensed to
practice law in the State of California and in Washington, D.C.  Mr.
Bronk received his bachelor of arts degree in 1967 from Penn State
University, and he received his law degree in 1972 from America
University, Washington College of Law.

     LYNN CARLSON has been the secretary and vice-president of the
Company since its inception in May 2000.  She has worked for Cygni
Capital LLC, an investor and corporate relations firm, since November
1998 as an administrative assistant and account executive.

     Management devotes only nominal time to the activities of the
Company.  If the Company is able to locate a suitable new business
venture, it is anticipated that Mr. Bronk will devote substantially
all of his time to completing the acquisition.

     There are no other employees who are expected to make a
significant contribution to the business and there are no intentions
to employ anyone until business operations change.

     There are no family relationships between any of the officers and
the director or persons nominated to become directors or executive
officers.

     None of the officers, the director, persons nominated to become a
director, any promoters or control persons of the Company have, within
the last five years, been involved in events material to an evaluation
of their ability or integrity.

     The entire board of directors of the Company is currently acting
as the audit committee.  There is no financial expert currently on the
audit committee as there is no current activity in the Company.

     There are no established procedures for security holders to
recommend nominees for the board of directors.

Other Public Shell Activities

     Mr. Bronk is involved as a director, executive officer, and
shareholder of another company that may be deemed to be blank check
company, but has not been involved in any blank check public
offerings.  The following is a brief description of his involvement in
this other company:

     Cygni Investments, Inc.  Mr. Bronk was a founder of this entity
which was incorporated on November 17, 1999.  He beneficially owns
59,750 shares, or approximately 11.95%,

<PAGE>

of the outstanding stock of this entity.  Cygni has no current
business operations and is seeking a business opportunity to commence
operations.

     The selection of a business opportunity for this entity, or the
Company, may create a conflict of interest in determining to which of
the entities to present the opportunity.

Code of Ethics

     The Company has not adopted a code of ethics that applies to the
Company's principal executive officer, principal financial officer,
principal accounting officer or controller, or persons performing
similar functions, because it has not commenced development of its
business.

                  ITEM 10.  EXECUTIVE COMPENSATION

     There was no compensation awarded to, earned by, or paid to any
of the executive officers of the Company during the fiscal years ended
September 30, 2007 or 2006.  The Company has no employment or
compensation agreements or arrangements with either of its officers.

     At September 30, 2007, there were no outstanding unexercised
options, outstanding stock that was not vested, or outstanding equity
incentive plan awards for any executive officer of the Company.

     Directors are permitted to receive fixed fees and other
compensation for their services as directors, as determined by the
Board of Directors.  The Board of Directors has not adopted any policy
in regard to the payment of fees or other compensation to directors,
and no fees or compensation were paid to, or accrued by, any director
for the fiscal year ended September 30, 2007.

    ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
             MANAGEMENT AND RELATED STOCKHOLDER MATTERS

     The following table sets forth certain information furnished by
current management concerning the ownership of common stock of the
Company as of December 17, 2007, of (i) each person who is known to
the Company to be the beneficial owner of more than 5 percent of the
Common stock; (ii) all directors and executive officers; and (iii)
directors and executive officers of the Company as a group:
Amount and Nature
Name and Address              of Beneficial
of Beneficial Owner           Ownership (1)       Percent of Class

Eric C. Bronk                 59,750(2)           12.0%
170 Newport Center Drive
Suite 220
Newport Beach, CA 92660

<PAGE>

Lynn Carlson                  7,500                    1.5%
170 Newport Center Drive
Suite 220
Newport Beach, CA 92660

Executive Officers and        17,500                   13.5%
Directors as a Group
(2 Persons)

Rigel Funds Management Ltd.   49,750                   10.0%
Cumberland House
No. 27 Cumberland Street
P.O. Box  N-10818
Nassau, The Bahamas

Fleming Securities            47,500                   9.5%
Suites 1601-1603
Hollywood Rd.
Hong Kong

Baldwin Investments Ltd.      44,750                   8.95%
99-101 Regent St.
First Floor
London W1R 7HB UK

Carl T. Suter                 39,750                   7.95%
3857 Birch St., #606
Newport Beach, CA 92660

(1) Unless otherwise indicated, this column reflects amounts as to
which the beneficial owner has sole voting power and sole investment
power.
(2) Of the shares beneficially owned by Mr. Bronk, 10,000 are owned
directly by Suter GC Trust, a trust for which Mr. Bronk is the
trustee.  While Mr. Bronk disclaims any pecuniary interest in these
shares, he is deemed to share beneficial ownership of such shares with
this entity.

     The Company is seeking potential business acquisitions or
opportunities.  (See Item 1.  Description of Business.)  It is likely
that such a transaction would result in a change of control of the
Company, by virtue of issuing a controlling number of shares in the
transaction, change of management, or otherwise.

     The Company has not adopted any equity compensation plans.

<PAGE>

      ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     In connection with the organization of the Company in May 2000,
Eric C. Bronk, the sole director, president, shareholder and founder
of the Company, received 49,750 shares for services rendered by to the
Company.  Mr. Bronk provided consulting services in connection with
the organization of the Company, which services were valued at $995.

     In connection with the organization of the Company in May 2000,
Jason Daggett a founder of the Company, received 10,000 shares for
services rendered by to the Company.  Mr. Daggett provided consulting
services in connection with the organization of the Company, which
services were valued at $200.

     In connection with the organization of the Company in May 2000,
Lynn Carlson, an officer of the Company, received 7,500 shares for
services rendered by to the Company.  Ms. Carlson provided secretarial
services in connection with the organization of the Company, which
services were valued at $150.

     On September 1, 2000, Rigel Funds Management, Ltd., a corporation
of which Mr. Bronk is a director, loaned $14,835 to the Company.  The
promissory note bears 10% interest per annum and was originally due on
or before September 1, 2001.  The note has been extended to be due and
payable upon demand.

     On December 31, 2002, a promissory note in the amount of $1,951
was issued to Cygni Capital LLC, a limited liability company of which
Mr. Bronk is the managing member, for monies loaned to the Company.
The promissory note bears 10% interest per annum and is due and
payable upon demand.

     On December 31, 2003, a promissory note in the amount of $1,068
was issued to Cygni Capital LLC, a limited liability company of which
Mr. Bronk is the managing member, for monies loaned to the Company.
The promissory note bears 10% interest per annum and is due and
payable upon demand.

     On March 31, 2004, a promissory note in the amount of $500 was
issued to Cygni Capital LLC, a limited liability company of which Mr.
Bronk is the managing member, for monies loaned to the Company.  The
promissory note bears 10% interest per annum and is due and payable
upon demand.

     On June 30, 2004, a promissory note in the amount of $484 was
issued to Cygni Capital LLC, a limited liability company of which Mr.
Bronk is the managing member, for monies loaned to the Company.  The
promissory note bears 10% interest per annum and is due and payable
upon demand.

     On September 30, 2004, a promissory note in the amount of $1,722
was issued to Cygni Capital LLC, a limited liability company of which
Mr. Bronk is the managing member, for monies loaned to the Company.
The promissory note bears 10% interest per annum and is due and
payable upon demand.

<PAGE>

                         ITEM 13.  EXHIBITS

The following exhibits are included as part of this report:

                                   Incorporated by Reference
Exhibit       Exhibit   Form      File No.  Exhibit Filing     Filed
Number      Description                               Date    Herewith

3.1  Articles of Incorporation
     filed May 10, 2000  10-SB     000-32329 3.1     02/09/2001

3.2  Current Bylaws      10-SB     000-32329  3.2    02/09/2001

4.1  Form of Common
     Stock Certificate   10-SB     000-32329  4.1    02/09/2001

10.1 Extension of
     Promissory Note
     dated September 1,
     2002, to Rigel Funds
     Management, Ltd.    10-KSB    000-32329 10.1     01/15/2003

10.2 Promissory Note
     dated December 31,  10-QSB    000-32329 10.2     08/16/2004
        2002, to Cygni Capital LLC

10.3 Promissory Note
     dated December 31, 2003,
     to Cygni Capital LLC 10-QSB   000-32329 10.3     08/16/2004

10.4  Promissory Note
      dated March 31, 2004,
      to Cygni Capital LLC 10-QSB  000-32329 10.4     08/16/2004
10.5 Promissory Note
     dated June 30, 2004,
     to Cygni Capital LLC  10-QSB  000-32329 10.5     08/16/2004

10.6 Promissory Note
     dated September 30,2004,
     to Cygni Capital LLC  10-KSB  000-32329  10.6     12/23/2004

31.1 Rule 13a-14(a)

      Certification by
      Principal Executive Officer                                    X

31.2 Rule 13a-14(a)
     Certification by Principal
     Financial Officer                                               X

32   Section 1350
     Certification of Principal
     Executive Officer and
     Principal Financial Officer                                     X

          ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES

Audit Fees

     The aggregate fees billed for professional services rendered by
our principal accountant for the audit of our annual financial
statements, review of financial statements included in our quarterly
reports and other fees that are normally provided by the accountant in
connection with statutory and regulatory filings or engagements for
the fiscal years ended September 30, 2007 and 2006 were $ 0.00 and
$5,716, respectively.

Audit-Related Fees

     The aggregate fees billed for assurance and related services by
our principal accountant that are reasonably related to the
performance of the audit or review of our financial statements, other
than those previously reported in this Item 14, for the fiscal years
ended September 30, 2007 and 2006 were $-0- and $-0-, respectively.

<PAGE>



Tax Fees

     The aggregate fees billed for professional services rendered by
our principal accountant for tax compliance, tax advice and tax
planning for the fiscal years ended September 30, 2007  and 2006 were
$392.00 and $350.00, respectively.  These fees related to the
preparation of federal income and state franchise tax returns.

All Other Fees

     There were no other fees billed for products or services provided
by the principal accountant, other than those previously reported in
this Item 14, for the fiscal years ended September 30, 2007 and 2006.

Audit Committee

     The Company's Board of Directors functions as its audit
committee.  All of the services described above in this Item 14 for
the year ended September 30, 2007, were approved by the Board of
Directors.

                             SIGNATURES

     In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                        Alnilam Corporation



Date:  December17, 2007                     /s/ Eric Bronk
                                        By:  Eric Bronk, President and
                                             Treasurer (Chief
                                             Executive, Principal
                                             Financial & Principal
                                             Accounting Officer)

     In accordance with the Exchange Act, this report has been signed
below by the following person on behalf of the registrant and in the
capacities and on the dates indicated.


Date:  December ____, 2007                   /s/ Eric Bronk
                                             Eric Bronk, Sole Director
<PAGE>












                         Alnilam Corporation
                    (A Development Stage Company)
                        Financial Statements
                             (Unaudited)
                         September 30, 2007








<PAGE>
                         Alnilam Corporation
                    (A Development Stage Company)
                            Balance Sheet
                             (Unaudited)

                                                       September 30,
                                                                2007


                               ASSETS

Current Assets
     Cash                                                   $    -

               Total Current Assets                         $    -

                LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
     Accounts Payable                                  $    44,625
     Interest Payable                                       12,468
     Note Payable - Related Party (Note 4)                  20,560

          Total Current Liabilities                         77,653

Stockholders' Equity

     Common Stock Authorized; 100,000,000 Shares at $.001
          Par Value; 500,000 Shares Issued and Outstanding,
          retroactively restated                               500
     Capital In Excess of Par Value                          9,500
     Deficit Accumulated in the Development Stage           (87,653)

               Total Stockholders' Equity                   (77,653)

               Total Liabilities & Stockholders' Equity     $    -
<PAGE>


                         Alnilam Corporation
                    (A Development Stage Company)
                      Statements of Operations
                             (Unaudited)

                                                       Accumulated
                                                       May 10, 2000
                                                       (Inception)
                    For the Years Ended                through
                         September                     September
                                                       30, 2007
                    September           September
                    30, 2007            30, 2006

Revenue             $    -              $    -              $    -

Expenses

     General and Administrative

                    7,830               7,410               75,183

     Total Expenses 7,830               7,410               75,183

     Income (Loss) from Operations

                    (7,830)             (7,410)             (75,183)

Other Income (Expenses)

     Interest Expense

                    (2,056)             (2,056)             (12,470)

     Total Other Income (Expenses)

                    (2,056)             (2,056)             (12,470)

     Income (Loss) Before Taxes

                    (9,886)        (9,466)        (87,653)

               Taxes
                         -              -              -

               Net Income (Loss)

                    $    (9,886)   $    (9,466)   $    (87,653)

               (Loss) Per Common Share

                    $    (0.02)    $    (0.02)

               Weighted Average Shares Outstanding

                         500,000        500,000

<PAGE>



                         Alnilam Corporation
                    (A Development Stage Company)
                 Statements of Stockholders' Equity
         From May 10, 2000 (Inception) to September 30, 2007
                             (Unaudited)


                                                       Accumulated
                                                       Deficit Since
                                        Capital In     Beginning of
                                        Excess of      Development
                    Common Stock        Par Value      Stage
          Shares              Stock

Balance, May 10, 2000
          -                   $    -    $    -         $    -

Shares Issued for Services
at $.01 Per Share
          107,000                  107       2,033          -

Shares Issued for Cash at
$.01 Per Share
          2585,250                 258       4,906          -

Net (Loss) Period Ended
September 30, 2000
          -                        -              -         (2,279)

Balance, September 30, 2000
          365,250                  365       6,939          (2,279)

Shares Issued for Cash at
$.01 Per Share
          110,000                  110       2,090          -

Shares Issued for Services
at $.01 Per Share
          24,750                   25        471            -

Net (Loss) Year Ended
September 30, 2001
          -                        -         -              (20,844)

Balance, September 30, 2001
          500,000                  500       9,500          (23,123)

Net (Loss) Year Ended
September 30, 2002
          -                        -         -              (9,045)

Balance, September 30, 2002
          500,000                  500       9,500          (32,168)

Net (Loss) Year Ended
September 30, 2003
          -                        -         -              (8,065)

Balance, September 30, 2003
          500,000                  500       9,500          (40,233)

Net (Loss) Year Ended
September 30, 2004
          -                        -         -              (13,577)

Balance, September 30, 2004
          500,000                  500       9,500          (53,810)

Net (Loss) Year Ended
September 30, 2005
          -                        -         -              (14,491)

Balance, September 30, 2005
          500,000                  500       9,500          (68,301)

Net (Loss) Year Ended
September 30, 2006
          -                        -         -              (9,466)

Balance, September 30, 2006
          500,000                  500       9,500          (77,767)

Net (Loss) Year Ended
September 30, 2007

          -                        -              -         (9,886)


Balance, September 30, 2007
          500,000             $    500  $    9,500     $    (87,653)

<PAGE>
                         Alnilam Corporation
                    (A Development Stage Company)
                      Statements of Cash Flows
                             (Unaudited)

                                                       Accumulated
                                                       May 10, 2000
                                                       (Inception)
                         For the Years Ended           Through
                            September 30,              September
                         2007           2006           30, 2007

Net Cash Provided by Operating Activities
     Net (Loss)     $    (9,886)   $    (9,466)   $    (87,653)

Changes in Operating Assets & Liabilities;
     Increase in Accounts/Interest Payable
                         9,886          9,466          57,093
     Increase in Stock Issued for Services
                         -              -              2,635

     Net Cash (Used) by Operating Activities
                              -         -              (27,925)

Net Cash Provided by Investing Activities
                              -              -         -

Net Cash Provided by Financing Activities

     Issuance of Note Payable for Cash
                              -              -         20,560
     Stock Issued for Cash
                              -              -         7,365

          Net Cash Provided by Financing Activities
                              -              -         27,925

          Net Increase (Decrease) in Cash
                              -              -              -

          Cash at Beginning of Year or Period
                              -              -              -

          Cash at End of Year or Period
                         $    -         $    -         $    -

Supplemental Disclosures

     Interest            $    -         $    -         $    -
     Taxes                    -              -              -

 <PAGE>

                         Alnilam Corporation
                    (A Development Stage Company)
               Notes to Unaudited Financial Statements
                         September 30, 2007

NOTE 1 - COMPANY ORGANIZATION

Alnilam Corporation (the "Company") was incorporated under the laws of
the state of Nevada on May 10, 2000 as Alnilam Corporation for the
purpose of seeking and consummating a merger or acquisition with a
business entity organized as a private corporation, partnership, or
sole proprietorship.

The Company is a development stage company as defined in SFAS No. 7.
It is concentrating substantially all of its efforts in raising
capital and developing its business operations in order to generate
significant revenues.

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

Cash and Cash Equivalents:  The Company considers all highly liquid
investments with an original maturity of three months or less when
purchased to be cash equivalents.

Income (Loss) Per Share:  The Computation or income or (loss) per
shares of common stock is based on weighted average number of shares
outstanding at the date of the financial statements.

Use of Estimates:  The preparation of financial statements in
conformity with generally accepted accounting principles requires
management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets
and liabilities at the date of the financial statements and the
reported amounts of revenues and expenses during the reported period.
Actual results could differ from those estimates.

NOTE 3 - INCOME TAXES

The Company adopted Statement of Financial Standards No. 109
Accounting for Income Taxes in the fiscal year ended September 30,
2001.

Statement of Financial Accounting Standards No. 109 Accounting for
Income Taxes requires an asset and liability approach for financial
accounting and reporting for income tax purposes.  This statement
recognizes (a) the amount of taxes payable or refundable for the
current year and (b) deferred tax liabilities and assets for future
tax consequences of events that have been recognized in the financial
statements or tax returns.

<PAGE>


                         Alnilam Corporation
                    (A Development Stage Company)
               Notes to Unaudited Financial Statements
                         September 30, 2007

NOTE 3 - INCOME TAXES (continued)

Deferred income taxes result from temporary differences in the
recognition of accounting transactions for tax and financial reporting
purposes.  There were no temporary differences at September 30, 2007
and earlier years, no deferred tax liabilities have been recognized.

The Company has cumulative net operating loss carryforwards of
approximately $88,000 at September 30, 2007.  No effect has been shown
in the financial statements for the net operating loss carryforwards
as the likelihood of future tax benefit from such net operating loss
carryforwards is not presently determinable.  Accordingly, the
potential tax benefits of the net operating loss carryforwards,
estimated based upon current tax rates at September 30, 2007 have been
offset by valuation reserves in the same amount.  The net operating
losses begin to expire in 2020.

NOTE 4 - NOTE PAYABLE RELATED PARTY

The Company has issued four promissory notes totaling $20,560 to
corporations whose shareholder and President is an officer of the
Company.  The notes are unsecured and carry interest rates of 10% per
annum.  The principal and interest of the notes are due and payable
upon demand.  As of September 30, 2007, the accrued interest was
$12,468.

The Company has the following note payable obligations   September 30,
                                                            2007

     Related party notes payable, due on demand, plus accrued
          interest at a rate of 10% per annum             $ 20,560

               Total                                        20,560
               Less Current Maturities                     (20,560)
               Total Long-Term Notes Payable                $  -

NOTE 5  NEW TECHNICAL PRONOUNCEMENTS

In September 2006, FASB issued SFAS No. 157, (Fair Value
Measurements,) which is effective for calendar year companies on
January 1, 2008. The statement defines fair value, establishes a
framework for measuring fair value in accordance with generally
accepted accounting principles, and expands disclosures about fair
value measurements. The statement codifies the definition of
fair value as the price that would be received to sell an asset or
paid to transfer a liability in an orderly transaction between market
participants at the measurement date. The standard
clarifies the principle that fair value should be based on the
assumptions market participants would use when pricing the asset or
liability and establishes a fair value hierarchy that

<PAGE>

                         Alnilam Corporation
                    (A Development Stage Company)
               Notes to Unaudited Financial Statements
                         September 30, 2007

prioritizes  the information used to develop those assumptions. The
Company does not anticipate that the adoption of this statement will
have a material effect on its financial condition or operations.

In September 2006, the FASB issued SFAS No. 158, "Employers'
Accounting for Defined Benefit Pension and Other Postretirement Plans
an amendment of FASB Statements No. 87, 88, 106 and 132 (R)" ("SFAS
No. 158"). SFAS 158 requires an employer to recognize
the funded status of a defined benefit postretirement plan as an asset
or liability in its statement of financial position and to recognize
changes in that funded status in the year in which the
changes occur through comprehensive income. The funded status of a
benefit plan is defined as the difference between the fair value of
the plan assets and the plans benefit obligation. For a
pension plan the benefit obligation is the projected benefit
obligation and for any other postretirement benefit plan, such as a
retiree health care plan, the benefit obligation is the
accumulated postretirement benefit obligation. SFAS No. 158 requires
an employer to recognize as a component of other comprehensive income,
net of tax, the gains and losses and prior
service costs or credits that arise during the period but that are not
recognized as components of net periodic benefit costs pursuant to
SFAS No. 87. SFAS No. 158 also requires an employer
to measure the funded status of a plan as of the date of its year-end.
Additional footnote disclosure is also required about certain effects
on net periodic benefit cost for the next year
that arise from the delayed recognition of gains or losses, prior
service costs or credits, and transition asset or obligation. Except
for the year-end measurement requirement, SFAS No. 158 is effective
for the year ending September 30, 2007. The Company does not
anticipate that the adoption of this statement will have a material
effect on its financial condition or operations.

In February 2007, the FASB issued SFAS No. 159, The Fair Value Option
for Financial Assets and Financial Liabilities.  SFAS No. 159 provides
companies with an option to report selected financial assets and
liabilities at fair value and establishes presentation and disclosure
requirements designed to facilitate comparisons between companies that
choose different measurement attributes for similar types of assets
and liabilities.  SFAS No. 159 is effective for fiscal years beginning
after November 15, 2007.  The Company does not anticipate that the
adoption of this statement will have a material effect on its
financial condition or operations.


NOTE 6 - GOING CONCERN

The Company has had recurring operating losses since inception and is
dependent upon financing to continue operations.  These factors
indicate that the Company may be unable to continue in existence.
These financial statements do not include any adjustments relating to
the recoverability and classification of recorded assets, or the
amounts and classification of liabilities that might be necessary in
the event the Company cannot continue its existence.  These financial
statements do not

<PAGE>

                         Alnilam Corporation
                    (A Development Stage Company)
               Notes to Unaudited Financial Statements
                         September 30, 2007

include any adjustments that might result from the outcome of this
uncertainty.  It is the intent of the Company to find additional
capital funding and/or a profitable business venture to acquire or
merge.



NOTE 7  EARNINGS PER SHARE

The computation of earnings (loss) per share of common stock is based
on the weighted average number of shares outstanding at the date of
the financial statements. The Company did not have any potentially
dilutive options or warrants at September 30, 2007 and 2006.

                                             For the Years Ended
Basic / Full Diluted Earnings per Share:          September 30
                                             2007             2006

       Income (loss) (numerator)          (9,886)           (9,466)
       Shares (denominator)               500,000           500,000
       Per Share Amount                   $(.02)            $(.02)