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:

December 31, 1999  OR

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

Commission file number: 2  41703

                              Cassco Capital Corp.
             (Exact name of registrant as specified in its charter)

        Delaware                                       43 1594165
(State of incorporation)                 (I.R.S. employer identification number)

1999 Broadway, Ste. 3235, Denver, Colorado                80202
 (Address of principal executive offices)               (Zip Code)

1999 Broadway, Ste. 3235, Denver, Colorado                80202
          (Mailing address)                             (Zip Code)

Registrants telephone number: (303) 292 2992

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

                                  Common Stock
                                (Title of class)

Indicate by check mark whether the registrant (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 registrant was
required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days. Yes X No ___ Indicate by check mark if
disclosure of delinquent filers pursuant to Rule 405 of Regulation S-K is not
contained herein and will not 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-K or any amendment to this Form 10-K. [ ]

State the aggregate market value of the voting stock held by non-affiliates of
the registrant. The aggregate market value shall be 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 60 days prior to the date of filing: On
March 3, 2000, the closing inside bid and asked prices for the shares of common
stock of registrant, which is the sole voting stock outstanding of registrant,
were $.31 and $.50, respectively. On that date, there were approximately
3,000,000 shares of common stock outstanding. Affiliates held no shares of this
stock; thus, the aggregate market value of the voting stock held by
non-affiliates was $1,215,000.

Registrant had no revenues during fiscal 1999.

Indicate the number of shares outstanding of each of the registrant's classes of
common stock, as of the latest practicable date: As of March 6, 2000, there were
approximately 3,000,000 shares of common stock outstanding.

                      DOCUMENTS INCORPORATED BY REFERENCE

List hereunder the documents incorporated by reference and the Part of this Form
10-KSB into which the document is incorporated: None.

<PAGE>


                                     PART I

Item 1. Description of Business.

Cassco Capital Corp. (Company) was incorporated as Anthony Kane Incorporated
under the laws of the State of Delaware on February 5, 1969, and became subject
to the reporting provisions of the Securities Exchange Act of 1934 on June 11,
1969, when a registration statement filed by the Company was declared effective
by the U.S. Securities and Exchange Commission. The Company, prior to 1999, had
engaged in a variety of acquisitions and businesses in the past, none of which
have proved successful.

The Company on December 1, 1999, entered into an agreement (Reorganization
Agreement) to acquire all of the outstanding capital stock of S&J (Chatteris)
Holdings Limited, a United Kingdom corporation (S&J Holdings). Pursuant to the
Reorganization Agreement, the Company agreed to acquire all of the outstanding
capital stock of S&J in exchange for 12,000,000 post split shares of Common
Stock. The Reorganization Agreement required S&J Holdings to perform certain
conditions, including the delivery of audited financial statements. These
conditions had not been fulfilled by February 14, 2000; therefore, the agreement
was rescinded and deemed to have been void and of no effect from the beginning
as if the acquisition had not occurred. All shares issued in the acquisition
were returned to treasury.

The Company is now engaged in the process of locating a merger and/or
acquisition candidate.

Facilities: The executive offices of the Company, as of the date of this report,
were located at 1999 Broadway, Ste. 3235, Denver, Colorado 80202. The telephone
number at this address is (303) 292 2992. The Company was receiving the use of
these offices free of charge.

Item 2. Description of Properties.

The Company owns no real or personal property.

Item 3. Litigation.

No material legal proceedings to which the Company (or any officer or director
of the Company, or any affiliate or owner of record or beneficially of more than
five percent of the Common Stock, to managements knowledge) is a party or to
which the property of the Company is subject is pending, and no such material
proceeding is known by management of the Company to be contemplated.

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

No matters were submitted to a vote of security holders during the fourth
quarter of 1998.

                                    PART II

Item 5. Market for Common Equity and Related Stockholder Matters.

As of March 3, 2000, there were approximately 3,000,000 shares of Common Stock
issued and outstanding which were held of record by more than approximately 300
shareholders. The Common Stock is currently quoted on the Bulletin Board
maintained by the National Association of Securities Dealers, Inc., under the
symbol CSCA. The following table sets forth the range of high, low and closing
bid and asked prices per share of the Common Stock as reported by the National
Association of Securities Dealers, Inc., for the period indicated.

                                       2
<PAGE>

                       High    Low       Closing    High      Low     Closing
Calendar Quarter       Bid     Bid         Bid      Ask       Ask       Ask
----------------       ---     ---         ---      ---       ---       ---

March 31, 1997        0.4375   0.125      0.3125    0.5625    0.25     0.53125
June 30, 1997         0.34375  0.125      0.125     0.53125   0.25     0.25
September 30, 1997    0.21875  0.0625     0.0625    0.25      0.125    0.125
December 31, 1997     0.50     0.0625     0.19      0.59375   0.125    0.28

March 31, 1998        0.26     0.08       0.08      0.32      0.12     0.12
June 30, 1998         0.30     0.0625     0.20      0.475     0.09     0.30
September 30, 1998    0.27     0.02       0.03      0.38      0.04     0.06
December 31, 1998     0.075    0.02       0.03      0.95      0.025    0.04

March 31, 1999        0.05     0.02       0.045     0.09      0.025    0.065
June 30, 1999         0.335    0.035      0.07      0.26      0.05     0.09
September 30, 1999    0.11     0.03       0.055     0.13      0.055    0.08
December 31, 1999     2.50     0.02       2.125     4.125     0.025    3.00

The above prices represent inter-dealer quotations without retail mark-up,
mark-down or commission, and may not necessarily represent actual transactions.
Further, the above prices have been adjusted to reflect two previous reverse
share splits; however, with the exception of the quarter ended December 31,
1999, they have not been adjusted to reflect a reverse one for seventy (1:70)
share split which took place in the final quarter of 1999. On March 3, 2000, the
closing inside bid and asked prices for the Common Stock were $.31 and $.50,
respectively. On that date there were eight market makers.

Dividends: Since inception the Company has not paid any cash dividends on the
Common Stock. Any declaration in the future of any cash or stock dividends will
be at the discretion of the Board of Directors and will depend upon, among other
things, earnings, the operating and financial condition of the Company, capital
expenditure requirements, and general business conditions. There are no
restrictions currently in effect which preclude the Company from granting
dividends. It is the current intention of the Company, however, to retain any
earnings in the foreseeable future to finance the development of its business.

Item 6. Management's Discussion and Analysis of Financial Condition and Results
of Operations.

The following discussion of financial condition and results of operations should
be read in conjunction with the Company's audited financial statements and notes
thereto appearing elsewhere in this report. The Company has had recurring losses
from operations since inception and had a net capital deficiency at year end,
each of which raise substantial doubts about the ability of the Company to
continue as a going concern. Accordingly, the auditors' report and opinion
included in this report contain an explanatory paragraph about these
uncertainties.

Results of Operations: The Company, as a result of the cessation of its business
and the failure of its proposed acquisitions, had no operations during the year;
thus, no meaningful comparison can be made to prior years.

Liquidity and Capital Resources: The Company, from inception has relied on
capital infusions from executive officers and directors and on credit from
vendors.


                                       3
<PAGE>


Item 7. Financial Statements.


Halliburton, Hunter & Associates, P.C.
CERTIFIED PUBLIC ACCOUNTANTS


                          INDEPENDENT AUDITOR'S REPORT

To the Directors and Shareholders
Cassco Capital Corp. (a Development Stage Company)


We have audited the accompanying balance sheets of Cassco Capital Corp. a
development stage company, as of December 31, 1999 and 1998, and the related
statements of operations, stockholders deficit and cash flows for the years
ended December 31, 1999, December 31, 1998, and December 31, 1997. These
statements are the responsibility of the Companys management. Our responsibility
is to express an opinion on these financial statements based on our audit.

We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audits to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion, based on our audit and the report of the other auditors, the
financial statements referred to above present fairly, in all material respects,
the financial position of Cassco Capital Corp., a development stage company as
of December 31, 1999, and December 31, 1998, and the results of its operations
and cash flows for the years ended December 31, 1999, December 31, 1998, and
December 31, 1997, in conformity with generally accepted accounting principles.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in Note B. to the
financial statements, the Company has suffered recurring losses from operations
and has a net capital deficiency that raise substantial doubt about its ability
to continue as a going concern. The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.


Littleton, Colorado
March 10, 2000


                                       4
<PAGE>


                               CASSCO CAPTAL CORP
                          (A Development Stage Company)

                                 BALANCE SHEETS


                                                              December 31,
                                                           1999         1998
                                                           ----         ----
ASSETS

Current Assets:

 Cash                                                         --           --
 Total Current Assets                                         --           --
                                                         ---------    ---------
      Total Assets                                       $    --      $    --
                                                         =========    =========

LIABILITIES AND SHAREHOLDERS EQUITY

Current Liabilities
      Total Current Liabilities                               --           --
                                                         ---------    ---------

Shareholders Equity (Deficit)

  Common Stock, $.001 par value, 100,000,000
    shares authorized, 240,000 and 3,000,000
    issued and outstanding                                   3,000       75,981
  Additional paid in capital                               397,783      100,552
Retained earnings (deficit)                               (400,783)    (176,533)
                                                         ---------    ---------

  Total Shareholders Equity (Deficit)                         --           --
                                                         ---------    ---------

Total Liabilities and Shareholders Equity (Deficit)      $    --      $    --
                                                         =========    =========




                 The Auditors report and accompanying notes are
                      an integral part of these statements

                                       5
<PAGE>


                              CASSCO CAPITAL CORP.
                          (A Development Stage Company)

                            STATEMENTS OF OPERATIONS

                                                 Years ended December 31,
                                              1999         1998         1997
                                              ----         ----         ----

Total Income                                     --           --           --
                                            ---------    ---------    ---------

General and administrative expenses:
 Legal expenses                                69,000       27,887       36,630
 Consulting expenses                          138,000         --           --
 Officer's compensation                        17,250         --           --
                                            ---------    ---------    ---------
      Total Expenses                          224,250       27,887       36,630
                                            ---------    ---------    ---------

      Net income (loss)                     $(224,250)   $ (27,887)   $ (36,630)
                                            =========    =========    =========





                 The Auditors report and accompanying notes are
                      an integral part of these statements

                                       6
<PAGE>
<TABLE>
<CAPTION>

                                        CASSCO CAPITAL CORP.
                                    (A Development Stage Company)

                                 STATEMENTS OF STOCKHOLDER'S EQUITY

                                                               Additional      Total
                                    Common          Stock       Paid in     Accumulated      Equity
                                    Shares         Amount       Capital      (Deficit)      (Deficit)
                                    ------         ------       -------      ---------      ---------

<S>                                <C>          <C>           <C>           <C>            <C>
Balance, December 31, 1996         3,442,505    $    11,464   $   100,552   $  (112,016)   $      --

Issuance of stock for services    11,000,000         36,630          --            --           36,630

Net loss for the year ended
   December 31, 1997                    --             --            --         (36,630)       (36,630)
                                  ----------    -----------   -----------   -----------    -----------

Balance, December 31, 1997        14,442,505    $    48,094       100,552      (148,646)          --

Issuance of stock for services     8,374,500         27,887          --            --           27,887

Net loss for the year ended
   December 31, 1998                    --             --            --         (27,887)       (27,887)
                                  ----------    -----------   -----------   -----------    -----------

Balance, December 31, 1998        22,817,005    $    75,981   $   100,552   $  (176,533)   $      --

Return of shares to treasury      (6,000,000)          --            --            --             --
   and retired

Reverse 70:1 share split         (16,577,005)       (75,741)       75,741          --             --

Issuance of stock for services     2,760,000    $     2,760   $   221,490          --          224,250

Net loss for the year ended
 December 31, 1999                      --             --            --        (224,250)      (224,250)
                                  ----------    -----------   -----------   -----------    -----------

Balance, December 31, 1999         3,000,000    $     3,000   $   397,783   $  (400,783)          --
                                  ==========    ===========   ===========   ===========    ===========




                           The Auditors report and accompanying notes are
                           an integral part of these financial statements

                                                 7
</TABLE>
<PAGE>
<TABLE>
<CAPTION>


                              CASSCO CAPITAL CORP.
                          (A Development Stage Company)

                            STATEMENTS OF CASH FLOWS

                                                       Years ended December 31
                                                   1999        1998          1997
                                                   ----        ----          ----

Cash (used) by operating activities:
<S>                                             <C>          <C>          <C>
   Net loss                                     $(224,250)   $ (27,887)   $ (36,630)

Adjustments to reconcile net gain (loss) to
   net cash provided by operating activities:

     Issuance of stock                            224,250       27,887       36,630

Net Cash Flows (used) by operating activities        --           --           --

Increase (decrease) in Cash                          --           --           --

Cash at Beginning of the Period                      --           --           --
                                                ---------    ---------    ---------

Cash at End of the Period                            --           --           --
                                                =========    =========    =========




                 The Auditors report and accompanying notes are
                 an integral part of these financial statements

                                       8
</TABLE>
<PAGE>

                              CASSCO CAPITAL CORP.

                          NOTES TO FINANCIAL STATEMENTS

A. Organization and Summary of Significant Accounting Policies:

Organization: The Company was incorporated as Anthony Kane Incorporated under
the laws of the State of Delaware on February 5, 1969, and became subject to the
reporting provisions of the Securities Exchange Act of 1934 on June 11, 1969,
when a registration statement filed by the Company was declared effective by the
U.S. Securities and Exchange Commission. The Company, in accordance with the
registration statement, offered and sold 65,000 shares of its common stock at a
price of $8.00 per share.

The name of the Company was changed to Maid Rite Ventures, Inc., on April 8,
1985, and to Grandee Corporation on September 23, 1985, on which date the
Company also increased its authorized shares of common stock from 25,000,000 to
75,000,000, concurrently effecting a decrease in par value per share from $.01
to $.00333.

In July, 1992, the Company entered into an agreement with K C Jakes BBQ & Grill,
Inc., for the purpose of acquiring this entity as a subsidiary. This agreement
was set aside by a court of competent jurisdiction in 1994, as previously
reported by the Company in a filing under the Securities Exchange Act of 1934 on
Form 8 KSB.

On January 10, 1995, the Company entered into an agreement with Epsitek, Inc., a
Delaware corporation to acquire two subsidiaries of Epsitek as wholly owned
subsidiaries of the Company. In conjunction with the acquisition, the Company
issued 6,000,000 shares of common stock to Epsitek, which also appointed new
directors and took control of the Company. Subsequently, Epsitek was unable to
complete the conditions imposed for and at closing. The acquisition, therefore,
did not occur and the shares issued in connection with the acquisition were
returned to treasury and the board members of the Company appointed by Epsitek
resigned.

The Company entered into an agreement (Reorganization Agreement) to acquire all
of the outstanding capital stock of S&J (Chatteris) Holdings Limited, a United
Kingdom corporation (S&J Holdings). Pursuant to the Reorganization Agreement,
the Company agreed to acquire all of the outstanding capital stock of S&J in
exchange for 12,000,000 post split shares of Common Stock. The Reorganization
Agreement required S&J Holdings to perform certain conditions, including the
delivery of audited financial statements. These conditions had not been
fulfilled by February 14, 2000; therefore, the agreement was rescinded and
deemed to have been void and of no effect from the beginning as if the
acquisition had not occurred. All shares issued in the acquisition were returned
to treasury.

The Company is now engaged in the process of locating a potential merger and/or
acquisition candidate.

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 reported amounts of revenues and expenses during the reporting
periods. Actual results could differ from those estimates.

Cash: For purposes of the statements of cash flows, the Company considers all
highly liquid debt instruments purchased with a maturity of three months or less
and money market funds to be cash equivalents.

                                       9
<PAGE>


Loss Per Share: Net loss per share is provided in accordance with Statement of
Financial Accounting Standards No. 128 (SFAS No. 128) Earnings Per Share. Basic
loss per share is computed by dividing losses available to common shareholders
by the weighted average number of common shares outstanding during the period.
Diluted loss per share reflects per share amounts that would have resulted if
dilutive common stock equivalents had been converted to common stock. At the
year ends reports, basic and dilutive loss per share are the same. The net loss
per share calculations reflect the effect of stock dividends and stock splits.

Income Taxes: Income taxes provide for the tax effects of transactions reported
in the financial statements and consist of taxes currently due plus deferred
taxes related primarily to net operating loss carryforwards and differences
between the basis of various assets for financial and income tax reporting. The
deferred tax assets and liabilities represent the future tax return consequences
of those differences, which will either be taxable or deductible when the assets
and liabilities are recovered or settled. Valuation allowances are established
when necessary to reduce deferred tax assets to the amount expected to be
realized.

1999 Stock option plan: During the final quarter of 1999, the Company's Board of
Directors adopted a stock option plan in which employees of the Company and its
subsidiaries are eligible to participate. The plan is being administered by the
Board, which may subsequently appoint a committee for this purpose. The plan
sets aside up to 3,000,000 shares of common stock to cover options to be granted
over the term of the plan. The plan has a ten year term . The company has filed
a registration statement under the act to cover the shares which are issued
under the plan. At year end, options to acquire 2,070,000 had been granted, all
of which had also been exercised. Subsequent to year end, options on the
remaining 930,000 shares available under the plan had been granted, but had not
been exercised as of the date of this report.

B. Going Concern: As shown in the accompanying financial statements, the Company
incurred net operating losses and liabilities exceeded assets. These factors as
well as the uncertainty regarding the Company's ability to raise capital creates
substantial doubt about the Companys ability to continue as a going concern.


                                       10
<PAGE>


Item 8. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure.

On May 24, 1999, the Company appointed Halliburton, Hunter & Associates as the
independent accountant of the Company because the previous auditor had ceased
operations. The Company had no disagreement with its former accountant on any
matter of accounting principal or practice, financial statement disclosure or
auditing scope or procedure which would have caused the accountant to make
reference in its report upon the subject matter of the disagreement. Further,
the former principal accountant's report on the financial statements did not
contain an adverse opinion or a disclaimer of opinion or qualification as to
audit scope or accounting principle. The decision to appoint Halliburton, Hunter
& Associates was approved by the full Board of Directors since the Company has
no audit or similar committee.


                                    PART III

Item 9. Directors and Executive Officers of the Registrant.

Table of Directors and Executive Officers:

The following table sets forth all current directors and executive officers of
the Company, as well as their ages, as of the date of the filing of this report:

      Name              Age                           Position
      ----              ---                           --------

Charles Stidham         57           Director, President, CEO, CFO and Treasurer

Profiles of Directors and Executive Officers:

Mr. Stidham has been in private business in the Dallas, Texas, metropolitan area
during the past five years. He graduated from Georgia Tech University in
Atlanta, Georgia, with a Bachelor of Science Degree in Mechanical Engineering in
1964 and from the University of Texas in Austin, Texas, in 1975 with a Juris
Doctorate.

No current director has any arrangement or understanding whereby they are or
will be selected as a director or as an executive officer. All directors will
hold office until the next annual meeting of shareholders and until their
successors have been duly elected and qualified, unless and until they earlier
resign or are removed from office. The executive officers of the Company are
elected by the Board of Directors at its annual meeting immediately following
the shareholders' annual meeting. The Company does not have any standing audit,
nominating or compensation committee, or any committee performing similar
functions.

Item 10. Executive Compensation.

No compensation was paid to executive officers in their capacities as cuh during
the years ended 1994 through 1999.

Item 11. Security Ownership of Management and Certain Others.

The following table sets forth certain information regarding the beneficial
ownership as of March 3, 2000, of the Common Stock by (1) each person known by
the Company to be the beneficial owner of more than five percent of the Common
Stock, (2) each director and executive officer of the Company, and (3) all
directors and executive officers as a group. Except as otherwise indicated, each
stockholder identified in the table possesses sole voting and investment power
with respect to its or his shares.


                                       11
<PAGE>


    Name of                         Number of Shares    Percentage of
Beneficial Owner                   Beneficially Owned    Ownership *
----------------                   ------------------    -----------

Charles Stidham                           0 (1)              0%

Robert G.M. Hind                        690,000             23%

Barry J. Muncaster                      690,000             23%

Mark S. Pierce                          690,000             23%

All executive officers and
  directors as a group (one person)                         -0-

*    Based on approximately 3,000,000 shares of common stock outstanding on
     March 3, 2000.

(1) Mr. Stidham, on February 16, 2000, was granted an option to acquire up to
930,000 shares of common stock at a price per share of the greater of $.05 or
the market price therefor on either the date of grant or exercise. Mr. Stidham,
also on February 16, 2000, was issued 1,000,000 preferred shares denominated
Series A Preferred Shares. These shares were valued at $1,000 and were issued to
Mr. Sitdham as compensation for his agreeing to serve as the sole executive
officer and director of the Company. This series bears no dividends, are
convertible on the basis of one preferred share for twenty common shares, have
one vote per convertible common share and vote as a class with the common, are
redeemable at the option of the Company at the price of $.25 per share, have no
sinking funds provisions and are otherwise subject to Nevada law.

Item 12. Certain Transactions: None.

Item 13. Exhibits and Reports on Form 8-K.: December 1, 1999 (S&J Acquisition)


                                       12
<PAGE>


                                   SIGNATURES

In accordance with the requirements of the Section 13 or 15(d) of the Securities
Exchange Act of 1934, registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Dallas,
State of Texas the 15th day of March, 2000.

CASSCO CAPITAL CORPORATION
(Registrant)


By: /s/ Charles Stidham
-----------------------
Charles Stidham, Chief Executive,
Financial and Accounting Officer


Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following person on behalf of the registrant in the
capacity indicated on the 15th day of March, 2000.



By: /s/ Charles Stidham
-----------------------
Charles Stidham, Sole Director





                                       13
<PAGE>


                                    Exhibits:


Exhibit No. 1: Form 8 KSB dated December 1, 1999 (S&J Acquisition)


Exhibit No. 2: Preferred Stock Resolutions