U. S. Securities and Exchange Commission

                             Washington, D. C. 20549



                                   FORM 10-KSB



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

     For  the  fiscal  year  ended  December  31,  1999
                                      -----------------

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

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

                           Commission File No. 0-28181
                                   -----------

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

         Nevada                                              87-0574491
         --------                                            -----------

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

                         1981 East 4800 South, SUITE 110
                           Salt Lake City, Utah 84117
                           ---------------------------
                    (Address of Principal Executive Offices)
                    Issuer's Telephone Number: (801) 272-9294


                                   -----------
          (Former Name or Former Address, if changed since last Report)

Securities  Registered  under  Section  12(b)  of  the  Exchange  Act:   None
Name  of  Each  Exchange  on  Which  Registered:                       None
Securities  Registered  under  Section  12(g)  of  the  Exchange  Act:   Common

     Check  whether  the Issuer (1) 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 Company 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      No  X
               ---      ---                  ---      ---

     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  Company'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.  [  ]

            State Issuer's revenues for its most recent fiscal year:
                             December 31, 1999 - $0.



     State the aggregate market value of the voting stock held by non-affiliates
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.

     April  14, 1999 - $$694.00 There are approximately 694,500 shares of common
voting stock of the Company held by  non-affiliates.  Because  there has been no
"public market" for the Company's  common stock during the past five years,  the
Company  has  arbitrarily  valued these shares at par value of $0.001 per share.

                     (APPLICABLE ONLY TO CORPORATE ISSUERS)

     State the number of shares  outstanding of each of the Issuer's  classes of
common  equity,  as  of  the  latest  practicable  date:

                                 March 15, 2000
                                    1,394,950

                       DOCUMENTS INCORPORATED BY REFERENCE

     A description of "Documents Incorporated by Reference" is contained in Item
13  of  this  Report.

Transitional  Small  Business  Issuer  Format   Yes     No   X
                                                   ---     ---

<PAGE>



                                     PART I

ITEM  1.  DESCRIPTION  OF  BUSINESS.
         ------------------------

BUSINESS  DEVELOPMENT.
---------------------

ORGANIZATION  AND  CHARTER  AMENDMENTS.
-----------------------------------

     Oranco,  Inc., (the "Company") was incorporated under the laws of the State
of  Nevada,  on  June  10,  1977.  The  purposes  for  which the corporation was
organized were: (1)to engage in any lawful business from time to time authorized
by  the  board  of  directors,  (2) to act as principal, agent, partner or joint
venturer  or  in  any  other  capacity  in  any  transaction, (3) to do business
anywhere  in  the world, and (4) to have and exercise all rights and powers from
time to time granted to the corporation by law. From 1977 until 1981 the Company
was  dormant and undertook no activities. Beginning in 1982 the Company explored
the option of entering into a joint venture to develop a mercury mining property
at  Mercury Mountain, Nevada. As a part of these activities the Company, through
the  sale  of  its  common  stock,  raised  funds  to  engage the services of an
independent  mining  engineer  to  prepare  a  report  on the feasibility of the
project.  By  late  1983 it had been determined that the project did not warrant
any  further  investment.  From  that  time  until 1997 the Company's activities
concentrated  on  maintaining  its  corporate  existence  and  looking for other
opportunities  for  the  Company. In May of 1997 new management was appointed, a
shareholders'  meeting  was  held,  amendments  to  the  Company's  articles  of
Incorporation were approved, and additional effort was made by new management to
make  the Company a viable merger candidate. These efforts included engaging the
services  of a certified Public Accounting firm to audit the Company's financial
statements,  obtaining  an  Opinion  of  Counsel  as  to  the tradability of the
Company's  outstanding  shares,  preparation of the information required by Rule
15c2-11,  and  applying  to  the  OTC  Bulletin Board for trading on the medium.

     By  September of 1999, no viable acquisitions or merger candidates had been
located  for  the  Company and management became aware that the Company would be
required  to  register  its  shares under the Securities Exchange Act of 1934 in
order  to  maintain  its  stock on the OTC Bulletin Board. Management determined
that  the Company needed new management which might be better positioned to find
a  suitable  acquisition or merger candidate and which would be in a position of
funding the upcoming expenses of the Company. On September 1, 1999 management of
the  Company  resigned  and Claudio Gianascio was appointed as sole director and
officer. On November 9, 1999 the Company sold 700,000 of its common stock to Mr.
Gianascio  for  $.05 per share, netting a total of $35,000. On November 18, 1999
the  Company  filed a registration statement on Form 10SB which became effective
sixty  days  thereafter.

     The  Company had an initial  authorized  capital of $25,000  consisting  of
100,000 shares of $.25 par value common stock. On June 10, 1997 the shareholders
approved  an  amendment to the Articles of Incorporation of The Company changing
the  authorized  capital  to  100,000,000  shares  at  a  par value of $.001 and
providing  for  a  10  to  1  share forward split of the outstanding shares. The
Articles  of  Amendment  were  filed with the State of Nevada on August 6, 1998.


RECENT  MATERIAL  CHANGES  IN  CONTROL
----------------------------------


     On  November  9,  1999,  the  Company  authorized the  issuance  of 700,000
"unregistered"  and  "restricted"  shares  of   its   $0.001   par value  common
stock   to   Claudio Gianascio  in  exchange  for  $35,000.  With  such issuance
Mr.  Gianascio  became  the  owner  of  50.2%  of  the outstanding shares of the
Company's  common  stock.


BUSINESS.
---------

     Other than the  above-referenced  matters  and  seeking  and  investigating
potential  assets,  properties or businesses to acquire,  the Company has had no
business  operations  since   inception.   To  the   extent  that  the   Company
intends  to   continue  to  seek  the   acquisition   of   assets,  property  or
business  that  may   benefit  the   Company  and   its  stockholders,   it   is
essentially  a   "blank  check"  company.   Because  the  Company  has   limited
assets  and  conducts   no   business,  management  anticipates  that  any  such
acquisition  would  require  it  to issue shares of its common stock as the sole
consideration  for the acquisition.  This may result in substantial  dilution of
the  shares of current  stockholders.  The Company's  Board of  Directors  shall
make  the  final  determination  whether to complete any such  acquisition;  the
approval  of  stockholders  will  not  be sought unless  required by  applicable
laws,  rules  and  regulations,  its  Articles  of Incorporation  or Bylaws,  or
contract.  The  Company  makes  no  assurance that any future enterprise will be
profitable  or  successful.

     The  Company is not currently engaging in any substantive business activity
and has no plans to engage in any such activity in the  foreseeable  future.  In
its present form,  the Company may be deemed to be a vehicle to acquire or merge
with  a business or company.  The Company does not intend to restrict its search
to any particular business or industry,  and the areas in which it will seek out
acquisitions,  reorganizations  or mergers may include,  but will not be limited
to, the fields of high technology,  manufacturing,  natural resources,  service,
research and development, communications,  transportation, insurance, brokerage,
finance and all medically related fields,  among others.  The Company recognizes
that the number of suitable potential business ventures that may be available to
it may be extremely  limited,  and may be  restricted  to entities who desire to
avoid what  these  entities  may deem to be the  adverse  factors  related to an
initial  public  offering  ("IPO").  The most prevalent of these factors include
substantial  time  requirements,  legal and accounting  costs,  the inability to
obtain an underwriter who is willing to publicly offer and sell shares, the lack
of or the  inability to obtain the  required  financial  statements  for such an
undertaking,  limitations  on the  amount of  dilution  to public  investors  in
comparison to the stockholders of any such entities, along with other conditions
or requirements  imposed by various federal and state securities laws, rules and
regulations.  Any of these types of  entities,  regardless  of their  prospects,
would require the Company to issue a substantial  number of shares of its common
stock to  complete  any such  acquisition,  reorganization  or  merger,  usually
amounting to between 80 and 95 percent of the outstanding  shares of the Company
following the completion of any such  transaction;  accordingly,  investments in
any such private  entity,  if available,  would be much more  favorable than any
investment  in  the  Company.

     In  the  event that the Company engages in any transaction  resulting  in a
change of control of the  Company  and/or the  acquisition  of a  business,  the
Company  will be required to file with the Commission  a Current  Report on Form
8-K  within 15 days of such transaction.  A filing on Form 8-K also requires the
filing of audited financial statements of the business acquired,  as well as pro
forma financial  information  consisting of a pro forma condensed balance sheet,
pro  forma  statements  of  income  and  accompanying  explanatory  notes.

     Management  intends to  consider  a number of  factors  prior to making any
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  research  and
development mode, 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   principal   stockholders,
professional advisors, broker dealers in securities,  venture capital personnel,
members  of the  financial  community  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.

     Although the Company has not identified any potential  acquisition  target,
the possibility  exists that the Company may acquire or merge with a business or
company in which the Company's executive officers, directors,  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.

     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 $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.  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.


PRINCIPAL  PRODUCTS  AND  SERVICES.
--------------------------------

     The  limited  business  operations  of the  Company,  as now  contemplated,
involve those of  a shell  company.  The  only  activities  to  be  conducted by
the  Company  are to  manage  its  current  limited  assets  and to seek out and
investigate the  acquisition of any viable business  opportunity by purchase and
exchange for securities of the Company or pursuant to a reorganization or merger
through  which  securities  of  the  Company  will  be  issued  or  exchanged.

DISTRIBUTION  METHODS  OF  THE  PRODUCTS  OR  SERVICES.
-------------------------------------------------

     Management will seek out and  investigate  business  opportunities  through
every reasonably available fashion, including personal contacts,  professionals,
securities broker dealers,  venture capital personnel,  members of the financial
community and others who may present unsolicited proposals; the Company may also
advertise its  availability as a vehicle to bring a company to the public market
through  a  "reverse"  reorganization  or  merger.

STATUS  OF  ANY  PUBLICLY  ANNOUNCED  NEW  PRODUCT  OR  SERVICE.
--------------------------------------------------------

     None;  not  applicable.

COMPETITIVE  BUSINESS  CONDITIONS.
--------------------------------

     Management   believes   that  there  are   literally   thousands  of  shell
companies engaged in endeavors similar to those engaged in by the Company;  many
of  these  companies  have   substantial   current  assets  and  cash  reserves.
Competitors  also  include  thousands  of other  publicly-held  companies  whose
business  operations  have proven  unsuccessful,  and whose only viable business
opportunity is that of providing a publicly-held vehicle through which a private
entity may have access to the public capital markets. There is no reasonable way
to predict the  competitive  position of the Company or any other  entity in the
strata of these endeavors;  however, the Company, having limited assets and cash
reserves,  will no doubt be at a  competitive  disadvantage  in  competing  with
entities which have recently  completed  IPO's,  have significant cash resources
and have recent operating  histories when compared with the complete lack of any
substantive  operations  by  the  Company  for  the  past  several  years.

SOURCES  AND  AVAILABILITY  OF  RAW  MATERIALS AND NAMES OF PRINCIPAL SUPPLIERS.
--------------------------------------------------------------------------

     None;  not  applicable.

DEPENDENCE  ON  ONE  OR  A  FEW  MAJOR  CUSTOMERS.
-------------------------------------------

     None;  not  applicable.

PATENTS,  TRADEMARKS,  LICENSES,  FRANCHISES,  CONCESSIONS,  ROYALTY  AGREEMENTS
OR  LABOR  CONTRACTS.
--------------------------------------------------------------------------

     None;  not  applicable.

NEED  FOR  ANY  GOVERNMENTAL  APPROVAL  OF  PRINCIPAL  PRODUCTS  OR  SERVICES.
---------------------------------------------------------------------

     Because the Company currently  produces no products or services,  it is not
presently subject to any governmental regulation in this regard. However, in the
event that the Company  engages in a merger or acquisition  transaction  with an
entity  that  engages  in  such  activities,  it  will  become  subject  to  all
governmental  approval  requirements  to which the merged or acquired  entity is
subject.

EFFECT  OF  EXISTING  OR  PROBABLE  GOVERNMENTAL  REGULATIONS  ON  BUSINESS.
-------------------------------------------------------------------

     The integrated  disclosure system for small business issuers adopted by the
Commission  in  Release  No.  34-30968  and  effective  as of August  13,  1992,
substantially  modified the information  and financial  requirements of a "Small
Business  Issuer,"  defined to be an issuer  that has  revenues of less than $25
million;  is a U.S. or Canadian issuer; is not an investment  company;  and if a
majority-owned subsidiary, the parent is also a small business issuer; provided,
however,  an entity is not a small business issuer if it has a public float (the
aggregate  market  value  of  the  issuer's   outstanding   securities  held  by
non-affiliates)  of  $25  million  or  more.

     The  Commission,  state  securities  commissions  and  the  North  American
Securities Administrators Association, Inc. ("NASAA") have expressed an interest
in adopting  policies that will streamline the registration  process and make it
easier for a small business issuer to have access to the public capital markets.
The present laws, rules and regulations  designed to promote availability to the
small  business  issuer of these  capital  markets and similar  laws,  rules and
regulations  that may be  adopted  in the future  will  substantially  limit the
demand for "blank  check"  companies  like the Company,  and may make the use of
these  companies  obsolete.

RESEARCH  AND  DEVELOPMENT.
-------------------------

     None;  not  applicable.

COST  AND  EFFECTS  OF  COMPLIANCE  WITH  ENVIRONMENTAL  LAWS.
-------------------------------------------------------

     None; not applicable.  However,  environmental  laws, rules and regulations
may have an adverse  effect on any business  venture viewed by the Company as an
attractive  acquisition,  reorganization or merger candidate,  and these factors
may further  limit the number of potential  candidates  available to the Company
for  acquisition,  reorganization  or  merger.

NUMBER  OF  EMPLOYEES.
--------------------

     None.

ITEM  2.  DESCRIPTION  OF  PROPERTY.
         -----------------------

     The  Company  has no assets, property or business; its principal  executive
office  address  and  telephone  number  are the  business  office  address  and
telephone  number  of  its transfer agent, Interwest Transfer Co., Inc., and are
currently  provided  at minimal cost.  Because the Company has had no  business,
its  activities  will be limited to keeping itself in good standing in the State
of  Nevada,  seeking  out  acquisitions,   reorganizations   or  mergers  and
preparing  and  filing  the  appropriate  reports  with  the  Securities  and
Exchange Commission.   These activities have consumed an insubstantial amount of
management's  time.

ITEM  3.  LEGAL  PROCEEDINGS.
         ------------------

     The  Company  is  not a  party  to any  pending  legal  proceeding.  To the
knowledge  of  management,  no federal,  state or local  governmental  agency is
presently  contemplating  any  proceeding  against  the  Company.  No  director,
executive officer or affiliate of the Company or owner of record or beneficially
of more than five percent of the  Company's  common stock is a party  adverse to
the Company or has a material interest adverse to the Company in any proceeding.

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

     No matter was submitted to a vote of the Company's  security holders during
the  fourth  quarter  of  the  calendar  year  covered  by  this  Report.






                                     PART II

ITEM  5.  MARKET  FOR  COMMON  EQUITY  AND  RELATED  STOCKHOLDER  MATTERS.
         ---------------------------------------------------------

MARKET  INFORMATION
------------------

     There is no  "public  market"  for shares of common  stock of the  Company.
Although  the  Company's  shares  are  quoted  on the OTC Bulletin  Board of the
National  Association  of  Securities  Dealers,  the  Company  is unaware of any
trades  having  been  consummated. In any event, no assurance  can be given that
any  market  for  the  Company's  common  stock  will  develop or be maintained.

The  ability  of an individual shareholder to trade their shares in a particular
state  may  be subject to various rules and regulations of that state.  A number
of  states  require  that an issuer's securities be registered in their state or
appropriately  exempted from registration before the securities are permitted to
trade  in  that  state.  Presently,  the  Company  has  no plans to register its
securities  in any particular state.  Further, most likely the Company's  shares
will  be  subject  to  the  provisions  of  Section  15(g) and Rule 15g-9 of the
Securities  Exchange  Act  of  1934,  as  amended (the "Exchange Act"), commonly
referred  to  as  the  "penny  stock"  rule.  Section  15(g)  sets forth certain
requirements  for transactions in penny stocks and Rule 15g-9(d)(1) incorporates
the  definition  of penny stock as that used in Rule 3a51-1 of the Exchange Act.

     The Commission generally defines penny stock to be any equity security that
has  a  market  price  less than $5.00 per share, subject to certain exceptions.
Rule  3a51-1 provides that any equity security is considered to be a penny stock
unless that security is: registered and traded on a national securities exchange
meeting  specified  criteria  set by the Commission; authorized for quotation on
The  NASDAQ  Stock  Market;  issued by a registered investment company; excluded
from  the  definition  on  the  basis of price (at least $5.00 per share) or the
issuer's net tangible assets; or exempted from the definition by the Commission.
If  the  Company's  shares are deemed to be a penny stock, trading in the shares
will be subject to additional sales practice requirements on broker- dealers who
sell  penny  stocks  to  persons other than established customers and accredited
investors,  generally  persons  with  assets  in  excess of $1,000,000 or annual
income  exceeding  $200,000,  or  $300,000  together  with  their  spouse.

     For transactions covered by these rules, broker-dealers must make a special
suitability  determination  for  the  purchase  of such securities and must have
received  the  purchaser's  written  consent  to  the  transaction  prior to the
purchase.  Additionally,  for  any  transaction  involving a penny stock, unless
exempt,  the  rules  require  the delivery, prior to the first transaction, of a
risk  disclosure  document relating to the penny stock market.  A broker- dealer
also  must  disclose  the  commissions payable to both the broker-dealer and the
registered  representative, and current quotations for the securities.  Finally,
monthly  statements  must  be  sent  disclosing recent price information for the
penny  stocks held in the account and information on the limited market in penny
stocks.  Consequently, these rules may restrict the ability of broker-dealers to
trade  and/or maintain a market in the Company's Common stock and may affect the
ability  of  shareholders  to  sell  their  shares.



HOLDERS
-------

     The number of record  holders of the Company's  common stock as of the date
of  this  Report  is  approximately  36.

DIVIDENDS
---------

     The  Company has not declared any cash dividends with respect to its common
stock and does not intend to declare  dividends in the foreseeable  future.  The
future dividend policy of the Company cannot be ascertained  with any certainty,
and until the Company completes any acquisition, reorganization or merger, as to
which no assurance may be given, no such policy will be formulated. There are no
material  restrictions  limiting,  or that are  likely to limit,  the  Company's
ability  to  pay  dividends  on  its  common  stock.

<TABLE>
<CAPTION>


SALES  OF  "UNREGISTERED" AND "RESTRICTED" SECURITIES OVER THE PAST THREE YEARS.
------------------------------------------------------------------------------



Name and Address                Date    Number of Shares   Consideration
----------------                ----    ----------------   -------------
<S>                           <C>       <C>                <C>
Claudio Gianascio. . . . . .  11/09/99        700,000 (1)  $       35,000
Corso Elvezia 4
Ch-6900 Lugano,
Switzerland

John Riche(2). . . . . . . .  05/16/97        100,000      $        5,000
6595 S.W. Cherry Hill Drive
Beaverton, Or 97008

Vicki Riche(2) . . . . . . .  05/16/97        100,000      $        5,000
6595 S.W. Cherry Hill Drive
Beaverton, Or 7008

<FN>


(1)  Does not include certain options granted to Mr. Gianascio in January, 2000.
See  Part  II,  Item  10  and  11  for  information   regarding  executive
compensation  and  stock  ownership.

(2)  Mr.  And  Mrs.  Riche  are  husband  and  Wife.

*  All  shares  sold were common shares, were sold for cash with no discounts or
commissions  paid,  and were sold pursuant to exemptions from registration under
Sections  4(2)  and  4(6)  of  the  Securities  Act  of  1933.
</TABLE>

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

PLAN  OF  OPERATION.
------------------

     The Company has not engaged in any material  operations or had any revenues
from  operations  since  inception.  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.  As of
December  31,  1999,  it had $27,829 in cash or cash  equivalents. If additional
funds  are  required  during  this  period,  such  funds  may  be  advanced  by
management  or stockholders as loans to the Company. Because the Company has not
identified  any such  venture as of the date of this  Report,  it is  impossible
to  predict  the  amount  of  any  such loan.  However, any such loan should not
exceed  $25,000 and will be on terms no less favorable to the Company than would
be  available from a commercial lender in an arm's length transaction. As of the
date  of  this Report, the Company is not engaged in any  negotiations  with any
person  regarding  any  such  venture.




RESULTS  OF  OPERATIONS.
----------------------

     Other  than restoring and maintaining  its good  corporate  standing in the
State  of  Nevada,  obtaining  an  audit  of the Company's financial statements,
submitting  the  Company's  common stock for quotation on the NASD OTC Bulleting
Board,  and  the  filing  of  a  Form  10  Registration,  the Company has had no
material  business  operations  in  the  three  most  recent  calendar  years.

     At  December  31,  1999,  the  Company's  had total assets of $27,829.  See
the  Index  to  Financial  Statements,  Item  7  of  this  Report.

     During  the calendar year ended  December  31, 1999,  the Company had a net
loss  of  $7,671.  The  Company  has received no revenues in either of its three
most  recent  calendar  years.  See the Index to Financial Statements, Item 7 of
this  Report.

LIQUIDITY.
---------

     During  the fiscal years ended  December 31, 99, 98, and 97 the Company has
been able to pay its expenses and costs through the private sale of its stock to
officers  and  directors of the Company. As of December 31, 1999 the Company had
27,829  in  cash  or cash equivalents on hand. The Company anticipates that this
will be sufficient for its needs for the twelve months of 2000. However, because
of  the limited amount available no assurance can be given that this will be the
case.

RECENT  ACCOUNTING  PRONOUNCEMENTS.
--------------------------------

     The  Financial  Accounting Standards Board ("FASB") has issued Statement of
Financial  Accounting  Standard  ("SFAS")  No.  128,  "Earnings  Per  Share" and
Statement  of Financial Accounting Standards No. 129 "Disclosures of Information
About  an Entity's Capital Structure."  SFAS No. 128 provides a different method
of  calculating  earnings  per  share  than is currently used in accordance with
Accounting  Principles  Board Opinion No. 15, "Earnings Per Share." SFAS No. 128
provides  for  the  calculation  of  "Basic"  and "Dilutive" earnings per share.
Basic earnings per share includes no dilution and is computed by dividing income
available to common shareholders by the weighted average number of common shares
outstanding  for  the period.  Diluted earnings per share reflects the potential
dilution of securities that could share in the earnings of an entity, similar to
fully  diluted  earnings  per  share.  SFAS  No.  129  establishes standards for
disclosing  information  about  an entity's capital structure.  SFAS No. 128 and
SFAS  No.  129  are effective for financial statements issued for periods ending
after  December  15,  1997.  Their  implementation  is  not  expected  to have a
material  effect  on  the  financial  statements.

     The FASB has also issued SFAS No. 130, "Reporting Comprehensive Income" and
SFAS  No.  131,  "Disclosures  about  Segments  of  an  Enterprise  and  Related
Information."  SFAS  No.  130 establishes standards for reporting and display of
comprehensive  income,  its  components and accumulated balances.  Comprehensive
income  is  defined to include all changes in equity except those resulting from
investments  by  owners  and  distributions to owners.  Among other disclosures,
SFAS  No.  130  requires that all items that are required to be recognized under
current  accounting  standards as components of comprehensive income be reported
in  a  financial  statement  that  displays  with  the  same prominence as other
financial  statements.  SFAS No. 131 supersedes SFAS No. 14 "Financial Reporting
for  Segments  of a Business Enterprise."  SFAS No. 131 establishes standards on
the  way  that  public  companies  report  financial information about operating
segments  in  annual  financial  statements  and  requires reporting of selected
information  about  operating segments in interim financial statements issued to
the public.  It also establishes standards for disclosure regarding products and
services,  geographic areas and major customers.  SFAS No. 131 defines operating
segments  as  components of a company about which separate financial information
is  available  that is evaluated regularly by the chief operating decision maker
in  deciding  how  to  allocate  resources  and  in  assessing  performance.

     SFAS  130  and  131  are  effective  for  financial  statements for periods
beginning  after  December  15,  1997  and  requires comparative information for
earlier  years  to  be restated.  Management believes that the implementation of
the  new  standards  will  not have a material effect on the Company's financial
statements.

     The  FASB  has  also  issued  SFAS  No  132.  "Employers' Disclosures about
Pensions  and other Post-retirement Benefits," which standardizes the disclosure
requirements  for  pensions  and  other  Post-retirement  benefits  and requires
additional  information on changes in the benefit obligations and fair values of
plan  assets  that will facilitate financial analysis. SFAS No. 132 is effective
for years beginning after December 15, 1997 and requires comparative information
for  earlier  years  to  be  restated,  unless  such  information is not readily
available.  Management  believes  the  adoption  of  this statement will have no
material  impact  on  the  Company's  financial  statements.

     In  June  1998,  the  FASB  issued SFAS No. 133, "Accounting for Derivative
Instruments  and  Hedging  Activities"  which  requires  companies  to  record
derivatives  as  assets or liabilities, measured at fair market value.  Gains or
losses  resulting  from  changes  in  the  values  of those derivatives would be
accounted  for  depending  on the use of the derivative and whether it qualifies
for  hedge  accounting.  The  key  criterion  for  hedge  accounting is that the
hedging relationship must be highly effective in achieving offsetting changes in
fair  value or cash flows.  SFAS No. 133 is effective for all fiscal quarters of
fiscal years beginning after June 15, 1999.  Management believes the adoption of
this  statement  will  have  no  material  impact  on  the  Company.


ITEM  7.  FINANCIAL  STATEMENTS.
         ---------------------

                                  ORANCO,  INC.

                         FINANCIAL STATEMENTS AND REPORT

                   OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

                   DECEMBER 31, 1999,  AND  DECEMBER 31, 1998


<PAGE>



                [LETTERHEAD OF ANDERSEN ANDERSEN & STRONG, L.C.]



Board  of  Directors
Oranco,  Inc.
Salt  Lake  City,  Utah

               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

We  have audited the accompanying balance  sheet of Oranco, Inc.   ( development
stage  company)  at  December  31,  1999,  and 1998 the statement of operations,
stockholders' equity, and cash flows for the years ended December 31, 1999, 1998
and 1997 and the period from June 16, 1977 (date of inception)  to December  31,
1999.  These  financial  statements  are  the  responsibility  of  the Company's
management.  Our  responsibility  is  to  express  an opinion on these financial
statements  based  on  our  audits.

We  conducted  our  audits  in  accordance  with  generally  accepted  auditing
standards.  Those standards require that we plan and perform the audit 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 balance sheet presentation. We
believe  that  our  audits  provide  a  reasonable  basis  for  our  opinion.

In  our  opinion,  the financial statements referred to above present fairly, in
all  material  respects,  the financial position of    Oranco,  Inc. at December
31, 1999 and 1998,  and the results of  operations, and  cash flows for the year
ended December 31, 1999,  1998 and 1997 and the period from June 16,  1977 (date
of  inception)  to  December  31,  1999,  in  conformity with generally accepted
accounting  principles.

The  accompanying  financial  statements  have  been  prepared assuming that the
Company  will  continue  as  a going concern.  The Company is in the development
stage  and  will need additional working capital for its planned activity, which
raises  substantial  doubt  about  its  ability  to continue as a going concern.
Management's  plans  in  regard to these matters are described in Note 4 . These
financial  statements  do not include any adjustments that might result from the
outcome  of  this  uncertainty.

/s/  ANDERSEN  ANDERSEN  &  STRONG,  L.C.

February  10,  2000
Salt  Lake  City,  Utah



<PAGE>
<TABLE>
<CAPTION>

                                    ORANCO, INC.
                                   BALANCE SHEETS
                      DECEMBER 31, 1999 AND DECEMBER 31, 1998




                                                               DEC 31,     DEC 31,
                                                                 1999       1998
                                                              ----------  ---------
<S>                                                           <C>         <C>
ASSETS

CURRENT ASSETS

  Cash . . . . . . . . . . . . . . . . . . . . . . . . . . .  $  27,829   $      -
                                                              ----------  ---------

        Total Current Assets . . . . . . . . . . . . . . . .  $  27,829   $      -
                                                              ==========  =========


LIABILITIES AND STOCKHOLDERS'
EQUITY

CURRENT LIABILITIES

Accounts payable . . . . . . . . . . . . . . . . . . . . . .  $     500   $      -
                                                              ----------  ---------

Total Current Liabilities. . . . . . . . . . . . . . . . . .        500          -
                                                              ----------  ---------

STOCKHOLDERS' EQUITY

Common stock
       100,000,000 shares authorized at $0.001 par value;
       1,394,950 issued and outstanding on December 31, 1999
       694,950 on December 31, 1998. . . . . . . . . . . . .      1,395        695

Capital in excess of par value . . . . . . . . . . . . . . .     65,273     30,973

Accumulated deficit during
the development stage. . . . . . . . . . . . . . . . . . . .    (39,339)   (31,668)
                                                              ----------  ---------

Total Stockholders' Equity . . . . . . . . . . . . . . . . .     27,329          -
                                                              ----------  ---------

                                                              $  27,829   $      -
                                                              ==========  =========
</TABLE>




   The accompanying notes are an integral part of these financial statements.

<PAGE>
<TABLE>
<CAPTION>

                                   ORANCO  INC.
                             STATEMENTS OF OPERATIONS
              FOR THE YEARS ENDED DECEMBER 31, 1999,  1998 AND 1997
      AND THE PERIOD JUNE 16, 1977 (DATE OF INCEPTION) TO DECEMBER 31, 1999





                                                                      PERIOD
                        DEC 31,      DEC 31,      DEC 31,          JUN 16, 1977
                         1999         1998         1997          TO DEC 31, 1999
                     ------------  ------------  -------------  -----------------
<S>                  <C>           <C>           <C>            <C>
REVENUES. . . . . .  $         -   $         -   $          -   $              -

EXPENSES. . . . . .        7,671         7,710          2,290             39,339
                     ------------  ------------  -------------  -----------------

NET LOSS. . . . . .  $    (7,671)  $    (7,710)  $     (2,290)  $        (39,339)
                     ============  ============  =============  -----------------

NET LOSS PER COMMON
SHARE

Basic . . . . . . .  $     (.009)  $      (.11)  $       (003)
                     ------------  ------------  -------------




AVERAGE OUTSTANDING
   SHARES

        Basic . . .      810,000       694,950        694,950
                     ------------  ============  =============

</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                        .

<PAGE>
<TABLE>
<CAPTION>
                                          ORANCO,  INC.
                           STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                  PERIOD  JUNE 16, 1977 (DATE OF INCEPTION) TO DECEMBER 31, 1999

                                                      COMMON STOCK       CAPITAL In
                                                   ------------------     EXCESS OF   ACCUMULATED
                                                  SHARES       AMOUNT     PAR VALUE     DEFICIT
                                               ------------  ----------  ------------  ----------
<S>                                            <C>           <C>         <C>           <C>
BALANCE JUNE 16, 1977 (date of inception) . .             -  $        -  $          -  $       -

Issuance of common stock for cash at $.034 -
   July  9, 1982. . . . . . . . . . . . . . .       231,300         231         7,594          -

Issuance of common stock for cash at $.079 -
   November 12, 1982. . . . . . . . . . . . .       143,650         144        11,199          -

Issuance of common stock for cash at $.025
    December 12, 1983 . . . . . . . . . . . .        40,000          40           960          -

Net operating loss for the year ended
   December  31, 1983 . . . . . . . . . . . .             -           -             -    (20,168)

Issuance of common stock for cash at $.019
   June 6, 1984 . . . . . . . . . . . . . . .        40,000          40           710          -

Net operating loss for the year ended
    December 31, 1984 . . . . . . . . . . . .             -           -             -       (750)

Issuance of common stock for cash at $.019
   January  15,  1985 . . . . . . . . . . . .        40,000          40           710          -

Net operating loss for the year ended
    December  31,  1985 . . . . . . . . . . .             -           -             -       (750)

Issuance of common stock for cash at $.05 -
   May 16, 1997 . . . . . . . . . . . . . . .       200,000         200         9,800          -

 Net operating loss for the year ended
     December  31,  1997. . . . . . . . . . .             -           -             -     (2,290)

BALANCE DECEMBER 31, 1997 . . . . . . . . . .       694,950         695        30,973    (23,958)

Net operating loss for the year  ended
    December 31, 1998 . . . . . . . . . . . .             -           -             -     (7,710)
                                               ------------  ----------  ------------  ----------
BALANCE DECEMBER  31, 1998. . . . . . . . . .       694,950         695        30,973    (31,668)

Issuance of common stock for cash
    at $.05 - November 12, 1999 . . . . . . .       700,000         700        34,300          -

Net operating loss for the year
    ended December 31, 1999 . . . . . . . . .             -           -             -     (7,671)
                                               ------------  ----------  ------------  ----------

BALANCE DECEMBER 31, 1999 . . . . . . . . . .     1,394,950  $    1,395  $     65,273  $ (39,339)
                                               ============  ==========  ============  ==========
</TABLE>


   The accompanying notes are an integral part of these financial statements.


<PAGE>

<TABLE>
<CAPTION>


                                        ORANCO  INC.
                                  STATEMENTS OF CASH FLOWS
                   FOR THE YEARS ENDED DECEMBER 31, 1999, 1998 AND 1997,
           AND THE PERIOD  JUNE 16, 1977 (DATE OF INCEPTION) TO DECEMBER 31, 1999



                                                                                PERIOD
                                         DEC 31,     DEC 31,    DEC 31,     JUN 16, 1977
                                           1999       1998       1997      TO DEC 31, 1999
                                        ----------  ---------  ---------  -----------------
<S>                                     <C>         <C>        <C>        <C>

CASH FLOWS FROM
OPERATING ACTIVITIES

Net loss . . . . . . . . . . . . . . .  $  (7,671)  $ (7,710)  $ (2,290)           (39,339)

Adjustments to reconcile net loss to
net cash provided by operating
activities

         Change in accounts payable. .        500          -          -                500


    Net Cash From (Used) in Operations    ( 7,171)    (7,710)    (2,290)           (38,839)
                                        ----------  ---------  ---------  -----------------

CASH FLOWS FROM INVESTING
ACTIVITIES
                                                -          -          -                  -
                                        ----------  ---------  ---------  -----------------

CASH FLOWS FROM FINANCING
ACTIVITIES

Proceeds from issuance of common
stock. . . . . . . . . . . . . . . . .     35,000          -     10,000             66,668


Net Increase (Decrease)  in Cash . . .     27,829     (7,710)     7,710             27,829


Cash at Beginning of Period. . . . . .          -      7,710          -                  -
                                        ----------  ---------  ---------  -----------------

Cash at End of Period. . . . . . . . .  $  27,829   $      -   $  7,710   $         27,829
                                        ==========  =========  =========  =================

</TABLE>


   The accompanying notes are an integral part of these financial statements.

<PAGE>
                                  ORANCO,  INC.
                          NOTES TO FINANCIAL STATEMENTS



1.     ORGANIZATION

The  Company  was incorporated under the laws of the state of Nevada on June 16,
1977  with  authorized  common  stock of 100,000 shares at a par value of $0.25.
On  June  10,  1997  the  authorized  common  stock was increased to 100,000,000
shares  with  a par value of $0.001 in connection with  a forward stock split of
ten  shares  for  each  outstanding  share.

This  report has been prepared showing after stock split shares with a par value
of  $0.001  from  inception.

The  Company  has  been in the business of the development  of mineral deposits.
During  1983 all activities were abandoned and the Company has remained inactive
since  that  time.

The  Company  is  in  the  development  stage.

2.     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

Accounting  Methods
-------------------

The  Company  recognizes  income  and  expenses  based  on the accrual method of
accounting.

Dividend  Policy
----------------

The  Company  has  not  yet  adopted  a  policy  regarding payment of dividends.

Income  Taxes
-------------

On  December  31,  1999,  the  Company had a net operating loss carry forward of
$39,339.  The tax benefit from the loss carry forward has been fully offset by a
valuation  reserve  because  the use of the future tax benefit is undeterminable
since  the Company has no operations.   The loss carryover  expires in the years
from  1999  through  2021.

Estimates  and  Assumptions
---------------------------

Management  uses  estimates and assumptions in preparing financial statements in
accordance  with  generally accepted accounting principles.  Those estimates and
assumptions  affect  the  reported  amounts  of  the assets and liabilities, the
disclosure  of  contingent assets and liabilities, and the reported revenues and
expenses.  Actual  results  could  vary  from the estimates that were assumed in
preparing  the  financial  statements.

Earnings  (Loss)  Per  Share
----------------------------

Earnings  (loss)  per  share  amounts are computed based on the weighted average
number of shares actually outstanding, after the stock split, in accordance with
FASB  statement  number  128.



<PAGE>

                                  ORANCO,  INC.
                    NOTES TO FINANCIAL STATEMENTS - continued



2.   SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (continued)

Financial  Instruments
----------------------

The  carrying  amounts  of  financial  instruments,  including cash and accounts
payable,  is  considered  by  management  to  be  their  estimated  fair values.

3.  RELATED  PARTY  TRANSACTIONS

Related  parties  have  acquired  50% of the common stock issued by the Company.

4.  GOING  CONCERN

The  Company  intends  to  acquire  interests  in various business opportunities
which,  in  the  opinion  of  management,  will provide a profit to the Company,
however  there  is insufficient working capital for any future planned activity.

Continuation  of  the  Company  as  a  going concern is dependent upon obtaining
additional  working  capital  and  the management of the Company has developed a
strategy,  which  it  believes will accomplish this objective through additional
equity  funding  and  long  term  debt  which will enable the Company to conduct
operations  for  the  coming  year.

There  can  be  no  assurance  that  they  may  be  successful  in  this effort.

5.  SUBSEQUENT  EVENTS

On January 11, 2000 the Company adopted a Nonqualified Key Man Stock Option Plan
which  provides for the granting of stock options to key employees, consultants,
officers  and  directors  of  the  Company. The  number of shares subject to the
plan  cannot exceed 500,000 and the exercise price  cannot  be  less  than 100%
of the fair value of the shares on the option date.

On  January 11, 2000  250,000 options were granted to purchase 250,000 shares of
common  stock of the Company to an officer and a consultant.  Additional options
were  granted  to  purchase  125,000 shares to an individual in exchange for his
agreement  to  join  the  Board  of  Directors  by  February  10,  2000.

<PAGE>


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

     None,  Not  applicable


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


                                    PART III


IDENTIFICATION  OF  DIRECTORS  AND  EXECUTIVE  OFFICERS
--------------------------------------------------

     The  following  table sets  forth the names of all  current  directors  and
executive  officers  of the  Company.  These  persons  will serve until the next
annual  meeting of the  stockholders  or until their  successors  are elected or
appointed  and qualified, or their prior resignation or termination. In addition
the table sets forth the same information as to all persons who were officers or
directors  during  the year of 1999 but who are no longer officers or directors.

<TABLE>
<CAPTION>

                                              Date of            Date of
                             Positions        Election or     Termination
Name                           Held           Designation     or Resignation
----                   ------------------     -----------     --------------
<S>                   <C>                     <C>            <C>
Claudio Gianascio     President, Secretary,
Treasurer, Director.                              09/01/99           (2)

John Riche (1)        President and Director      05/08/97         09/01/99

Vicki Riche (1)       Secretary, Treasurer &
                      Director                    05/08/97         09/01/99

Alfredo M. Villa      Director                    01/10/2000         (2)

<FN>

(1)  Mr.  &  Mrs.  Riche  are  husband  and  wife.
(2)  These  persons  presently  serve  in  the  capacities  indicated.
</TABLE>

Business  Experience.
---------------------


Mr.  Gianascio is presently CEO and Chairman of the Board of Givigest Fiduciaria
S.A.,  a  Swiss  financial  services company he co-founded in 1990. He is also a
board  member  of  SCF  Societa  di Consulenza Finanziaria S.A., a Swiss private
banking  company;  a  board  member  of  III  Intermediazioni  Immobiliari
Internazionali  S.A.,  a  real estate company; and a board member of Zandano and
Partners  S.A.,  a  Swiss  financial consulting company.  Mr.  Gianascio holds a
Master  Degree  in  Economics  which  he received from the University of Geneva,
Switzerland and is a licensed Fiduciario Finanziario within the state of Ticino,
Switzerland.  Prior  to  co-founding Givigest Fiduciaria S.A., Mr. Gianascio was
employed  within  the  banking  and  financial  industries  by  Union  Bank  of
Switzerland,  Manufacturers  Hanover  (Suisse) S.A., and  Chemical Bank (Suisse)
S.A

Mr.  Riche  has  been employed by Pitney Bowes Corporation since 1997 as a sales
representative  for  the  North  West  region.  From  1995 to 1997 he worked for
Flying  J  Corporation  as  general  manager  for  Hotels.  Prior to that he was
involved  in  the  hotel and motel industry in various positions, including five
years as the general manager for the Sea Gypsy Hotel. He is the husband of Vicki
Riche

Mrs.  Riche  ,  since 1996, has been a sales associate for America the Beautiful
Dreamer, a Portland, Oregon furniture and design store. In addition she provides
bookeeping  and  reconciliation  services  to  Atwaters  Restaurant of Beverton,
Oregon and to Restaurant Associates Northwest of Clackamas, Oregon. In addition,
she  was  the  store  manager  for Susie's Casuals of Clackamas, Oregon for many
years.In  1979  Mrs.  Riche received a B.A. degree in Clothing and Textiles from
Oregon  state  University.

Alfredo  M.  Villa  holds  a  masters degree in economics from the University of
Geneva, Switzerland and attended Bocconi University in Milan, Italy. He has over
13  years  of experience with the Swiss banking industry. Mr. Villa is currently
Chairman  and  CEO  of  SCF  Societa  di  Consulenza  Finanziaria  S.A., a Swiss
corporation  specializing  in  asset  management,  mergers,  acquisitions,  and
investment  banking, where he has served since 1994. Prior to that Mr. Villa was
an  asset  manager  with  several  other  European  financial  institutions.  In
addition,  Mr.  Villa  was Chairman of the Board of Alma Grafiche Srl, of Milan,
Italy,  a  leader  in the high quality printing of books and magazines from 1995
until  February  1998.  In  addition,  Mr.  Villa is Secretary and a Director of
Private  Media  Group,  Inc.,  a  reporting  company  listed  on  NASDAQ.




SIGNIFICANT  EMPLOYEES.
----------------------

     The Company has no employees  who are not executive  officers,  but who are
expected  to  make  a  significant  contribution  to  the  Company's  business.

FAMILY  RELATIONSHIPS.
---------------------

     There  are  no  family  relationships  between  any  current  directors  or
executive  officers  of  the  Company,  either  by  blood  or  by  marriage.

INVOLVEMENT  IN  CERTAIN  LEGAL  PROCEEDINGS.
-----------------------------------------

     Except as stated  above,  during the past five years,  no director,  person
nominated to become a director, executive officer, promoter or control person of
the  Company:

          (1) was a general partner or executive officer of any business against
     which  any  bankruptcy  petition  was  filed,  either  at the  time  of the
     bankruptcy  or  two  years  prior  to  that  time;

          (2) was  convicted  in a  criminal  proceeding  or named  subject to a
     pending criminal  proceeding  (excluding traffic violations and other minor
     offenses);

          (3) was  subject to any order,  judgment or decree,  not  subsequently
     reversed,  suspended or vacated,  of any court of  competent  jurisdiction,
     permanently  or  temporarily  enjoining,  barring,  suspending or otherwise
     limiting his  involvement  in any type of business,  securities  or banking
     activities;  or

          (4)  was  found  by a  court  of  competent  jurisdiction  (in a civil
     action),  the Securities and Exchange  Commission or the Commodity  Futures
     Trading  Commission  to have  violated  a federal  or state  securities  or
     commodities  law,  and the  judgment  has not been  reversed,  suspended or
     vacated.


COMPLIANCE  WITH  SECTION  16(A)  OF  THE  EXCHANGE  ACT
-------------------------------------------------

     Claudio  Gianascio  filed  a  Form  3,  Initial  Statement  of  Beneficial
Ownership of Securities on or about January 4, 2000, prior to the effective date
of  the  Company's Form 10 registration. Mr. Gianascio filed a Form 4, Statement
of  Changes In Beneficial Ownership, on February 10,2000. Alfredo M. Villa filed
a  Form  3  on  February  17,  2000.


ITEM  10.  EXECUTIVE  COMPENSATION.
         -----------------------

     The  following  table  sets  forth the aggregate  compensation  paid by the
Company  for  services  rendered  during  the  periods  indicated:

<TABLE>
<CAPTION>

                           SUMMARY COMPENSATION TABLE

                             Long Term Compensation
                    Annual Compensation      Awards       Payouts
(a)             (b)       (c)   (d)   (e)    (f)     (g)    (h)   (i)

                                                Secur-
                                                ities        All
Name and       Year or               Other   Rest-  Under-  LTIP  Other
Principal      Period   Salary Bonus Annual  ricted lying   Pay-  Comp-
Position       Ended      ($)   ($)  Compen  Stock  Options outs  ensat'n
--------------------------------------------------------------------------
<S>           <C>       <C>    <C>   <C>     <C>     <C>   <C>   <C>
Claudio
Gianascio,     12/31/98    0     0     0       0       0     0     0
Pres, Sec,     12/31/97    0     0     0       0       0     0     0
Treas, Dir     12/31/96    0     0     0       0       0     0     0


Vicki Riche    12/31/98    0     0     0       0       0     0     0
Secretary/     12/31/97    0     0     0       0       0     0     0
Treasurer,     12/31/96    0     0     0       0       0     0     0
Director

John Riche     12/31/98    0     0     0       0       0     0     0
President      12/31/97    0     0     0       0       0     0     0
Director       12/31/96    0     0     0       0       0     0     0

<FN>
*Alfredo M. Villa is not included in this table because he was not a director in
any  of  the  above  three  years.

**  Claudio Gianascio became an officer and director of the Company on September
1,  1999.  Both John Riche and Vicki Riche, husband and wife, served as officers
and  directors  of  the  Company  from  May  8,  1997  until  September 1, 1999.

***  Does  not reflect options issued under the 2000 Non-qualified Key man Stock
Option  Plan  adopted  January  11,  2000.  See  Item  11.
</TABLE>


COMPENSATION  OF  DIRECTORS.
--------------------------

     There  are  no  standard  arrangements  pursuant  to  which  the  Company's
directors are compensated for any services  provided as director.  No additional
amounts are payable to the Company's  directors for committee  participation  or
special  assignments.

     There are no arrangements  pursuant to which any of the Company's directors
was  compensated  during the  Company's  last  completed  calendar  year for any
service  provided  as  director.

EMPLOYMENT  CONTRACTS  AND  TERMINATION  OF  EMPLOYMENT  AND
CHANGE-IN-CONTROL  ARRANGEMENTS.
-------------------------------

     There are no  employment  contracts,  compensatory  plans or  arrangements,
including payments to be received from the Company, with respect to any director
or executive officer of the Company which would in any way result in payments to
any  such  person  because  of his  or  her  resignation,  retirement  or  other
termination  of  employment  with the Company or any  subsidiary,  any change in
control of the Company, or a change in the person's responsibilities following a
change  in  control  of  the  Company.

ITEM  11.  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND MANAGEMENT.
--------------------------------------------------------------------------------



SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS.
------------------------------------------------

     The  following  table sets forth the  shareholdings  of those  persons  who
beneficially  own more than five percent of the Company's common stock as of the
date  of this Report, with the computations being based upon 1,394,950 shares of
common  stock  being  outstanding,  unless  otherwise  noted.

<TABLE>
<CAPTION>

                                    Number  of  Shares                     Percentage
Name  and  Address                  Beneficially  Owned                     of  Class
----------------                    ------------------                  ----------------

<S>                                 <C>                                 <C>
Claudio Gianascio . . . . . . . . .            825,000(1)                       54.28(2)
Corso Elvezia 4
Ch-6900 Lugano
Switzerland

Darwin Long(3). . . . . . . . . . . .          100,000                           7.17%
7808 S. Dolphin Circle
Salt Lake City, Utah 84121

Jackie Hall(3). . . . . . . . . . . .           80,000                           5.74%
7808 S. Darwin Circle
Salt Lake City, Utah 84121

John Riche(3) . . . . . . . . . . . .          115,000                           8.24%
6595 S.W. Cherry Hill Dr.
Beaverton, Or 97008

Vicki Riche(3). . . . . . . . . . . .          110,000                           7.89%
6595 S.W. Cherry Hill Dr.
Beaverton, Or 97008
                                             ---------                          ---------
                                             1,230,000                          83.32%(4)
<FN>


(1)     Includes  options  to  purchase 125,000 granted to Mr. Gianascio on January 11,
        2000.  See  Below.
(2)     Percentage  is  calculated assuming that Mr. Gianascio had exercised his option
        to  purchase  125,000  shares  of  stock  and  that  there  were  then 1,519,950
        shares outstanding.
(3)     Darwin  Long  and  Jackie Hall are husband and wife. John Riche and Vicki Riche
        are  husband  and  wife.  Each  disclaims any interest in the holdings of their
        spouse.
(4)     Calculated  assuming  that  Mr.  Gianascio had exercised his option to purchase
        125,000  shares  and  that  there  were  therefore  1,519,950  shares  outstanding.
</TABLE>

SECURITY  OWNERSHIP  OF  MANAGEMENT.
---------------------------------

     The following table sets forth the shareholdings of the Company's directors
and  executive  officers  as  of  the  date  of  this  Report:


<TABLE>
<CAPTION>

                            Number  of                Percentage  of
Name  and  Address     Shares Beneficially Owned       of  Class  *
----------------       -------------------------     ---------------
<S>                    <C>                          <C>
Claudio Gianascio . .            825,000(1)               54.28%(2)
Corso Elvezia 4
Ch-6900 Lugano
Switzerland

Alfredo M. Villa. . .            125,000(1)                8.22%(3)
Corso Elvezia 4
Ch-6900 Lugano
switzerland
                                ----------               ---------
All directors and
executive officers. .            950,000(1)                62.5%
as a group (2 people)
<FN>


(1)  Includes options granted to Mr. Gianascio and Mr. Villa on January 11, 2000
granting  each  of them the right to purchase up to 125,000 shares of the common
stock  of  the  Company  at  a price of $.10 per share on or before December 31,
2004.
(2) Percentage is calculated assuming Mr. Gianascio had exercised his option and
therefore  there  were  1,519,950  shares  outstanding.
(3)  Percentage  is  calculated  assuming Mr. Villa had exercised his option and
therefore  there  were  1,519,950  shares  outstanding.
</TABLE>

CHANGES  IN  CONTROL.
-------------------

     There are no present  arrangements  or pledges of the Company's  securities
which  may  result  in  a  change  in  control  of  the  Company.

ITEM  12.  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS.
         -----------------------------------------------

TRANSACTIONS  WITH  MANAGEMENT  AND  OTHERS.
----------------------------------------

     For a description  of  transactions  between  members of  management,  five
percent  stockholders,  "affiliates",  promoters  and  finders,  see  captions
"Recent  Changes  in  Control"  under  Item  1,  "Sales  of  'Unregistered'  and
'Restricted'  Securities Over the Past Three Years" under Item 5, and footnote 1
under  "Security  ownership  of  Management"  under  Item  11



ITEM  13.  EXHIBITS  AND  REPORTS  ON  FORM  8-K.
         ---------------------------------

REPORTS  ON  FORM  8-K
-------------------

NONE


EXHIBITS
--------



Exhibit
Number               Description*
------               -----------

 3.1  *               Initial  Articles  of  Incorporation,


 3.2  *               Articles  of  Amendment  to  the
                      Articles  of  Incorporation,
 3.3  *               By-Laws

10.1                  2000  non-Qualified  Key  Man  Stock  Option  Plan

10.2                  Form  of  Option  Certificate  delivered  in  connection
                      with  the  grant  of  individual  options.

 27                   Financial  Data  Schedule


DOCUMENTS  INCORPORATED  BY  REFERENCE

*  Documents  previously filed as exhibits to Form 10 filed on November 18, 1999
and  incorporated  herein  by  this  reference.









                                   SIGNATURES

     Pursuant  to the  requirements  of  Section  13 or 15(d) of the  Securities
Exchange  Act of 1934,  the  Company has duly caused this Report to be signed on
its  behalf  by  the  undersigned,  thereunto  duly  authorized.

                                       Oranco,  INC.



Date:  3-24-2000                     By  /S/Claudio  Gianascio
                                        -----------------------
                                       Claudio  Gianascio
                                       President,  Secretary,  Treasurer  and
                                       Director

     Pursuant to the  requirements  of the  Securities  Exchange Act of 1934, as
amended, this Report has been signed below by the following persons on behalf of
the  Company  and  in  the  capacities  and  on  the  dates  indicated:

                                  ORANCO, INC.



Date:  3-24-2000                        By/S/Claudio  Gianascio
                                        -----------------------
                                        Claudio  Gianascio
                                        President,  Secretary,
                                        Treasurer  and  Director



Date:  3-24-2000                        By/S/Alfredo  M.  Villa
                                        -----------------------
                                        Alfredo  M.  Villa
                                        Director