<PAGE>
                 U. S. Securities and Exchange Commission
                         Washington, D. C.  20549


                                FORM 10-QSB


[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the quarterly period ended December 31, 1998

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934 

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

                                     
                       Commission File No. 0-23511


                           FIRST DELTAVISION, INC.   
                           ----------------------- 
              (Name of Small Business Issuer in its Charter)


           NEVADA                                       87-0412182
           ------                                       ----------    
   (State or Other Jurisdiction of                 (I.R.S. Employer I.D. No.)
    incorporation or organization)

                          9005 Cobble Canyon Lane
                            Sandy, Utah 84093  
                        --------------------------
                 (Address of Principal Executive Offices)

                Issuer's Telephone Number:  (801) 942-0555

Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

(1)  Yes  X    No                  (2)  Yes  X    No  
         ---     ---                        ---     ---

<PAGE>
             APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                PROCEEDINGS DURING THE PRECEDING FIVE YEARS

                              Not applicable.


                   APPLICABLE ONLY TO CORPORATE ISSUERS

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

                           September 30, 1998

                                 235,000
                                 -------



                      PART I - FINANCIAL INFORMATION


Item 1.   Financial Statements.

          The Financial Statements of the Registrant required to be filed with
this 10-QSB Quarterly Report were prepared by management, and commence on the
following page, together with Related Notes.  In the opinion of management,
the Financial Statements fairly present the financial condition of the
Registrant.

<PAGE>
                        First Deltavision, Inc.
                     (A Development Stage Company)

                         Financial Statements

                           December 31, 1998
<PAGE>
<TABLE>
                        First Deltavision, Inc.
                     (A Development Stage Company)
                            Balance Sheets
                For the Period Ended December 31, 1998 
                   and the Year Ended June 30, 1998
<CAPTION>
                                               December       June 
                                               31, 1998     30, 1998
<S>                                            <C>          <C> 
Assets

Current Assets                                $      -0-    $     -0- 

    Total Assets                              $      -0-    $     -0- 

Liabilities & Stockholders' Equity

Current Liabilities

    Accounts Payable                          $    15,533   $   12,442 
    Due to Officers                                 9,354        8,050 

    Total Liabilities                              24,887       20,492 

Stockholders' Equity

    Common Stock 50,000,000 Shares Authorized: 
     $0.001 Par Value, 235,000 Shares Issued & 
     Outstanding                                      235          235
    Paid In Capital                               101,376      101,376 
    Accumulated Deficit                          (126,498)    (122,103)

    Total Stockholders' Equity                   ( 24,887)    ( 20,492)

    Total Liabilities & Stockholders' Equity    $    -0-     $    -0- 
</TABLE>
<TABLE>
                        First Deltavision, Inc.
                     (A Development Stage Company)
                        Statement of Operations
          For the Period October 1, 1998 to December 31, 1998
          and the Period October 1, 1997 to December 31, 1997
           and the period July 1, 1998 to December 31, 1998
           and the period July 1, 1997 to December 31, 1997
<CAPTION>
                                 October 1,  October 1,   July 1,   July 1, 
                                    1998 to     1997 to   1998 to   1997 to 
                                   December    December  December  December 
                                   31, 1998    31, 1997  31, 1998  31, 1997 
<S>                              <C>          <C>        <C>       <C>
Revenues                          $      -0-  $      -0-  $    -0-  $   -0- 

Expenses
   Office Expenses                       -0-         571       -0-      571 
   Professional Fees                   1,898       4,966     4,230    4,966 
   Transfer Agent Fees                   165         449       165      449 

      Total Expenses                   2,063       5,986     4,395    5,986 

      Net Loss                   ($    2,063) ($   5,986) ($ 4,395)($ 5,986)

      Loss Per Share             (       .00) (      .00) (    .00)(    .00)

      Weighted Average Shares
      Outstanding                    235,000     203,000   235,000  203,000 
</TABLE>
<TABLE>
                        First Deltavision, Inc.
                     (A Development Stage Company)
                        Statement of Cash Flows
           For the Period July 1, 1998 to December 31, 1998
           and the Period July 1, 1997 to December 31, 1997
<CAPTION>                                                                      
                                                  December      December 
                                                  31, 1998      31, 1997
<S>                                             <C>            <C> 
Cash Flows from Operating Activities
  Net Loss                                       ($   4,395)   ($   5,986)
  Adjustments to Reconcile Net Cash to Net Loss:
    Non Cash Expense                                    -0-             6 
  Changes in Operating Assets & Liabilities:
    Increase in Accounts Payable                      3,091         2,919 
    Increase in Due to Officers                       1,304         3,061 

       Net Cash Used by Operating Activities            -0-           -0- 

Cash Flows from Investing Activities                    -0-           -0- 

Cash Flows from Financing Activities                    -0-           -0- 

    Increase (Decrease) in Cash                         -0-           -0- 

    Cash at Beginning of Period                         -0-           -0- 

    Cash at End of Period                           $   -0-      $    -0- 

Cash Disclosures from Operating Activities
    Interest                                        $   -0-      $    -0- 
    Taxes                                               -0-           -0- 
</TABLE>
                     First Deltavision, Inc.
                  (A Development Stage Company)
                   Note to Financial Statements

NOTE #1 - Statement Preparation

The Company has prepared the accompanying financial statements with interim
financial reporting requirements promulgated by the Securities & Exchange
Commission.  The information furnished reflects all adjustments which are, in
the opinion of management, necessary for a fair presentation of financial
position and results of operations. 

The financial statements should be read in conjunction with the consolidated
financial statements and notes thereto included in the Company's June 30, 1998
10-K report. 

Item 2.   Management's Discussion and Analysis or Plan of Operation.
--------------------------------------------------------------------

Plan of Operation.
------------------

         The Company has not engaged in any material operations since the
calendar year ended December 31, 1991, or during the quarterly period ended
December 31, 1998.  During this period, the Company received revenues of $0. 
During the same period, total expenses were $2,063 and net income totaled
$(2,063).

         The Company's plan of operation for the next 12 months is to continue
to seek the acquisition of assets, properties or businesses that may benefit
the Company and its stockholders. Management anticipates that to achieve any
such acquisition, the Company will issue shares of its common stock as the
sole consideration for such acquisition.

         During the next 12 months, the Company's only foreseeable cash
requirements will relate to maintaining the Company in good standing or the
payment of expenses associated with reviewing or investigating any potential
business venture, which the Company expects to pay from its cash resources. 

Results of Operations.
----------------------

          During the quarterly period ended December 31, 1998, the Company
had no business operations.  During this period, the Company received total
revenues of $0 and had net income of $(2,063).

Liquidity.
----------

          At December 31, 1998, the Company had no current assets, with total
current liabilities of $24,887.  Total stockholder's equity was $(24,887).  In
order to meet its expenses during the next 12 months, management expects that
the Company may be required to sell shares of its common stock to "accredited"
or "sophisticated" investors.

"Year 2000".
-----------

     Because the Company is not presently engaged in any substantial business
operations, management does not believe that computer problems associated with
the change of year to the year 2000 will have any material effect on its
operations.  However, the possibility exists that the Company may merge with
or acquire a business that will be negatively affected by the "year 2000"
problem.  The effect of such problem or the Company in the future can not be
predicted with any accuracy until such time as the Company identifies a merger
or acquisition target.

                        PART II - OTHER INFORMATION

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

          None; not applicable.

Item 2.   Changes in Securities.
--------------------------------

          None; not applicable.

Item 3.   Defaults Upon Senior Securities.
------------------------------------------

          None; not applicable.

Item 4.   Submission of Matters to a Vote of Security Holders.
--------------------------------------------------------------

          None; not applicable.
          
Item 5.   Other Information.
----------------------------

          None; not applicable.

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

          (a)  Exhibits.

               Financial Data Schedule.

          (b)  Reports on Form 8-K.

               None.

<PAGE>

                               SIGNATURES

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

                                      FIRST DELTAVISION, INC.



Date: 1/26/99                           By/S/David C. Merrell
     --------------                     -------------------------------------
                                        David C. Merrell   
                                        Director and President


Date: 1/26/99                           By/S/Todd D. Ross 
     --------------                     -------------------------------------
                                        Todd D. Ross
                                        Director and Treasurer