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

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

                For the fiscal year ended: December 31, 1999

                      Commission file number 000-28697

                    CENTRAL AMERICA FUEL TECHNOLOGY, INC.
           (Exact name of registrant as specified in its charter)

Nevada                                                 86-0880742
(State or other jurisdiction of                        (I.R.S. Employer
incorporation  or  organization)                       Identification No.)

1608 St. Gregory Street
Las Vegas, NV                                          89117
(Address of principal executive offices)               (zip code)

                Issuer's Telephone Number:    (702) 866-5834

       Securities registered under Section 12(b) of the Exchange Act:
                                    None

       Securities registered under Section 12(g) of the Exchange Act:
                        Common Stock, $.001 par value
                              (Title if Class)

     Indicate by check mark whether the registrant (a) 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              No     X

     Indicate  by  check mark if disclosure of delinquent filers pursuant  to
Item  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-KSB or any amendment to this Form 10-KSB.  [     ]

     The  number of shares of Common Stock, $0.001 par value, outstanding  on
February   17,   2000,  was  10,000,000  shares,  held  by  approximately   2
stockholders.

<PAGE>

PART I

ITEM 1.   DESCRIPTION OF BUSINESS

    Central  America Fuel Technology was incorporated in the State of  Nevada
on  July 14, 1997. Central America Fuel Technology was formed to develop  and
market fuel additives to Central America. However, the acquisition proved  to
be   cost  prohibitive  and  Central  America  Fuel  Technology  ceased  such
activities.  Central America Fuel Technology did not engage  in  any  further
commercial  operations. Central America Fuel Technology does not have  active
business  operations,  and  at this time we are considered  a  "Blank  Check"
company.

     The  Company  registered its common stock on a Form  10-SB  registration
statement  filed  pursuant  to  the Securities  Exchange  Act  of  1934  (the
"Exchange  Act")  and  Rule  12(g)  thereof.   The  Company  files  with  the
Securities  and Exchange Commission periodic and episodic reports under  Rule
13(a)  of  the Exchange Act, including quarterly reports on Form  10-QSB  and
annual  reports Form 10-KSB.  As a reporting company under the Exchange  Act,
the Company may register additional securities on Form S-8 (provided that  it
is  then  in compliance with the reporting requirements of the Exchange  Act)
and on Form S-3 (provided that is has during the prior 12 month period timely
filed  all reports required under the Exchange Act), and its class of  common
stock  registered under the Exchange Act may be traded in the  United  States
securities  markets  provided that the Company is  then  in  compliance  with
applicable  laws,  rules  and  regulations,  including  compliance  with  its
reporting requirements under the Exchange Act.

     The  Company will attempt to locate and negotiate with a business entity
for  the  merger  of  that  target business into  the  Company.   In  certain
instances,  a target business may wish to become a subsidiary of the  Company
or  may  wish  to  contribute assets to the Company rather  than  merge.   No
assurances  can be given that the Company will be successful in  locating  or
negotiating with any target business.

     Management  believes  that  there are  perceived  benefits  to  being  a
reporting  company  with a class of publicly-traded  securities.   These  are
commonly  thought to include (1) the ability to use registered securities  to
make  acquisition  of assets or businesses; (2) increased visibility  in  the
financial  community;  (3)  the  facilitation  of  borrowing  from  financial
institutions;   (4)  improved trading efficiency; (5) shareholder  liquidity;
(6)  greater  ease in subsequently raising capital; (7) compensation  of  key
employees  through options stock; (8) enhanced corporate  image;  and  (9)  a
presence in the United States capital market.

     A  business  entity,  if  any, which may be  interested  in  a  business
combination  with the Company may include (1) a company for which  a  primary
purpose  of  becoming public is the use of its securities for the acquisition
of assets or businesses; (2) a company which is unable to find an underwriter
of  its securities or is unable to find an underwriter of securities on terms
acceptable  to  it;  (3) a company which wishes to become  public  with  less
dilution  of its common stock than would occur normally upon an underwriting;
(4)  a  company  which  believes that it will be able  to  obtain  investment
capital  on  more favorable terms after it has become public; (5)  a  foreign
company  which  may  wish an initial entry into the United States  securities
market;  (6) a special situation company, such as a company seeking a  public
market  to  satisfy redemption requirements under a qualified Employee  Stock
Option  Plan;  or  (7) a company seeking one or more of the  other  perceived
benefits of becoming a public company.


<PAGE>

     Management  is  actively  engaged in seeking a qualified  company  as  a
candidate  for  a business combination.  The Company is authorized  to  enter
into  a  definitive  agreement  with a wide  variety  of  businesses  without
limitation as to their industry or revenues.  It is not possible at this time
to  predict  with  which  company, if any, the  Company  will  enter  into  a
definitive  agreement  or  what  will be  the  industry,  operating  history,
revenues, future prospects or other characteristics of that company.

     The  Company  may seek a business opportunity with entities  which  have
recently   commenced  operations,  or  which  wish  to  utilize  the   public
marketplace in order to raise additional capital in order to expand into  new
products  or  markets,  to develop a new product or  service,  or  for  other
corporate  purposes.   The Company may acquire assets and  establish  wholly-
owned  subsidiaries in various businesses or acquire existing  businesses  as
subsidiaries.

     Management  of  the  Company,  which  in  all  likelihood  will  not  be
experienced  in  matters relating to the business of a target business,  will
rely  upon  its  own efforts in accomplishing the business  purposes  of  the
Company.   Outside consultants or advisors may be utilized by the Company  to
assist  in  the search for qualified target companies.  If the  Company  does
retain  such  an outside consultant or advisor, any cash fee earned  by  such
person  will  need to be assumed by the target business, as the  Company  has
limited cash assets with which to pay such obligation.

     The  analysis  of new business opportunities will be undertaken  by,  or
under the supervision of, the officer and director of the Company, who is not
a   professional   business  analyst.   In  analyzing  prospective   business
opportunities,  management  may  consider  such  matters  as  the   available
technical,  financial  and managerial resources; working  capital  and  other
financial  requirements; history of operations, if  any;  prospects  for  the
future;  nature  of  present  and  expected  competition;  the  quality   and
experience  of management services which may be available and  the  depth  of
that  management;  the  potential  for  further  research,  development,   or
exploration; specific risk factors not now foreseeable but which then may  be
anticipated  to impact the proposed activities of the Company; the  potential
for  growth  or  expansion; the potential for profit;  the  perceived  public
recognition   or   acceptance  of  products,  services,   or   trades;   name
identification; and other relevant factors.

     Management  does  not  have  the capacity to  conduct  as  extensive  an
investigation  of  a  target business as might be  undertaken  by  a  venture
capital  fund or similar institution.  As a result, management may  elect  to
merge  with a target business which has one or more undiscovered shortcomings
and may, if given the choice to select among target businesses, fail to enter
into an agreement with the most investment-worthy target business.

     Following  a  business  combination the Company  may  benefit  from  the
services of others in regard to accounting, legal services, underwritings and
corporate  public  relations.  If requested by a target business,  management
may  recommend  one  or  more underwriters, financial advisors,  accountants,
public relations firms or other consultants to provide such services.

     A  potential target business may have an agreement with a consultant  or
advisor  providing  that services of the consultant or advisor  be  continued
after  any  business  combination.  Additionally, a target  business  may  be
presented  to  the  Company only on the condition  that  the  services  of  a
consultant  or  advisor  be continued after a merger  or  acquisition.   Such
preexisting  agreements  of target businesses for  the  continuation  of  the
services of attorneys, accountants, advisors or consultants could be a factor
in the selection of a target business.

<PAGE>

     In  implementing a structure for a particular business acquisition,  the
Company may become a party to a merger, consolidation, reorganization,  joint
venture, or licensing agreement with another corporation or entity.   It  may
also acquire stock or assets of an existing business.  On the consummation of
a  transaction, it is likely that the present management and stockholders  of
the Company will no longer be in control of the Company.  In addition, it  is
likely that the Company's officer and director will, as part of the terms  of
the  acquisition  transaction, resign and be replaced  by  one  or  more  new
officers and directors.

     It  is anticipated that any securities issued in any such reorganization
would be issued in reliance upon exemption from registration under applicable
federal  and  state securities laws.  In some circumstances,  however,  as  a
negotiated element of its transaction, the Company may agree to register  all
or a part of such securities immediately after the transaction is consummated
or  at  specified  times thereafter.  If such registration occurs,  of  which
there  can  be  no  assurance, it will be undertaken by the surviving  entity
after the Company has entered into an agreement for a business combination or
has  consummated  a  business  combination  and  the  Company  is  no  longer
considered  a blank check company. The issuance of additional securities  and
their  potential  sale  into any trading market  which  may  develop  in  the
Company's securities may depress the market value of the Company's securities
in the future if such a market develops, of which there is no assurance.

     While the terms of a business transaction to which the Company may be  a
party  cannot  be predicted, it is expected that the parties to the  business
transaction will desire to avoid the creation of a taxable event and  thereby
structure the acquisition in a tax-free reorganization under Sections 351  or
368 of the Internal Revenue Code of 1986, as amended

     With  respect  to any merger or acquisition negotiations with  a  target
business, management expects to focus on the percentage of the Company  which
target   business   stockholders  would  acquire  in   exchange   for   their
shareholdings  in the target business.  Depending upon, among  other  things,
the target business's assets and liabilities, the Company's stockholders will
in  all  likelihood hold a substantially lesser percentage ownership interest
in   the  Company  following  any  merger  or  acquisition.   Any  merger  or
acquisition  effected by the Company can be expected to  have  a  significant
dilutive   effect  on  the  percentage  of  shares  held  by  the   Company's
stockholders at such time.

     No assurances can be given that the Company will be able to enter into a
business combination, as to the terms of a business combination, or as to the
nature of the target business.

     As  of  the  date  hereof, management has not made  any  final  decision
concerning  or entered into any agreements for a business combination.   When
any such agreement is reached or other material fact occurs, the Company will
file  notice  of  such  agreement or fact with the  Securities  and  Exchange
Commission  on  Form 8-K.  Persons reading this Form 10-KSB  are  advised  to
determine if the Company has subsequently filed a Form 8-K.

     The Company anticipates that the selection of a business opportunity  in
which  to  participate  will  be complex and without  certainty  of  success.
Management  believes  (but has not conducted any research  to  confirm)  that
there  are  numerous  firms  seeking the perceived  benefits  of  a  publicly
registered corporation.  Such perceived benefits may include facilitating  or
improving  the  terms  on which additional equity financing  may  be  sought,
providing  liquidity for incentive stock options or similar benefits  to  key
employees, increasing the opportunity to use securities for acquisitions, and
providing   liquidity   for   stockholders  and  other   factors.    Business
opportunities  may be available in many different industries and  at  various
stages  of  development,  all  of which will make  the  task  of  comparative
investigation and analysis of such business opportunities extremely difficult
and complex.

<PAGE>

     Computer  systems  redesigned  for year 2000.   Many  existing  computer
programs use only two digits to identify a year in such program's date field.
These  programs  were  designed and developed without  consideration  of  the
impact of the change in the century for which four digits will be required to
accurately  report  the  date.  If not corrected, many computer  applications
could  fail or create erroneous results by or following the year 2000  ("Year
2000  Problem").  Many of the computer programs containing such date language
problems  have  not been corrected by the companies or governments  operating
such  programs.  It is impossible to predict what computer programs  will  be
effected,  the  impact  any  such  computer disruption  will  have  on  other
industries or commerce or the severity or duration of a computer disruption.

     The  Company  does  not have operations and does not  maintain  computer
systems.   Before  the Company enters into any business combination,  it  may
inquire  as  to  the status of any target business's Year 2000  Problem,  the
steps  such target business has taken or intends to take to correct any  such
problem  and  the  probable impact on such target business  of  any  computer
disruption.   However, there can be no assurance that the  Company  will  not
merge  with  a target business that has an uncorrected Year 2000  Problem  or
that  any  planned  Year 2000 Problem corrections will  be  sufficient.   The
extent  of  the  Year 2000 Problem of a target business may be impossible  to
ascertain and any impact on the Company will likely be impossible to predict.

ITEM 2.   DESCRIPTION OF PROPERTY

     The  Company  has  no properties and at this time has no  agreements  to
acquire any properties.  The Company currently uses the offices of management
at  no  cost  to  the  Company.   Management  has  agreed  to  continue  this
arrangement until the Company completes an acquisition or merger.

ITEM 3.   LEGAL PROCEEDINGS

     There is no litigation pending or threatened by or against the Company.

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

     No  matter  was  submitted to a vote of security  holders,  through  the
solicitation of proxies or otherwise, during the fourth quarter of the fiscal
year covered by this report.

PART II

ITEM 5.   MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

     There  is  currently no public market for the securities of the Company.
The  Company does not intend to trade its securities in the secondary  market
until completion of a business combination or acquisition.  It is anticipated
that following such occurrence the Company will cause its common stock to  be
listed or admitted to quotation on the NASD OTC Bulletin Board or, if it then
meets  the  financial and other requirements thereof, on the Nasdaq  SmallCap
Market, National Market System or regional or national exchange.

<PAGE>

     The  proposed business activities described herein classify the  Company
as  a "blank check" company.  The Securities and Exchange Commission and many
states  have  enacted statutes, rules and regulations limiting  the  sale  of
securities  of  blank  check  companies in  their  respective  jurisdictions.
Management  does  not intend to undertake any efforts to cause  a  market  to
develop  in  the  Company's securities until such time  as  the  Company  has
successfully  implemented its business plan described  herein.   Accordingly,
the  stockholders of the Company have executed and delivered "lock-up" letter
agreements,  affirming  that  such shareholder will  not  sell  or  otherwise
transfer  its shares of the Company's common stock except in connection  with
or  following  completion of a merger or acquisition and the  Company  is  no
longer  classified as a blank check company.  The stockholders have deposited
such   shareholder's   respective  stock  certificate  with   the   Company's
management,  who  will  not  release the respective  certificates  except  in
connection with or following the completion of a merger or acquisition.

     There are currently two stockholders of the outstanding common stock  of
the Company.  The Company has not issued any preferred stock.

     During the past three years, the Company has not sold any securities.

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

     The  Company  is  currently  seeking to  engage  in  a  merger  with  or
acquisition of an unidentified foreign or domestic company which  desires  to
become  a  reporting ("public") company whose securities  are  qualified  for
trading  in  the  United  States secondary market.   The  Company  meets  the
definition of a "blank check" company contained in Section (7)(b)(3)  of  the
Securities  Act  of  1933,  as  amended.   The  Company  has  been   in   the
developmental  stage since inception and has no operations  to  date.   Other
than  issuing  shares  to  its original stockholders,  the  Company  has  not
commenced any operational activities.

     Management  is  actively  engaged in seeking a qualified  company  as  a
candidate  for  a business combination.  The Company is authorized  to  enter
into  a  definitive  agreement  with a wide  variety  of  businesses  without
limitation as to their industry or revenues.  It is not possible at this time
to  predict  with  which  company, if any, the  Company  will  enter  into  a
definitive  agreement  or  what  will be  the  industry,  operating  history,
revenues, future prospects or other characteristics of that company.

     The  Company  will  not acquire or merge with any  entity  which  cannot
provide audited financial statements at or within a reasonable period of time
after closing of the proposed transaction.  The Company is subject to all the
reporting  requirements  included in the Exchange  Act.   Included  in  these
requirements is the duty of the Company to file audited financial  statements
as  part  of  its  Form  8-K  to be filed with the  Securities  and  Exchange
Commission  upon  consummation of a merger or acquisition,  as  well  as  the
Company's audited financial statements included in its annual report on  Form
10-K  (or  10-KSB, as applicable).  If such audited financial statements  are
not  available at closing, or within time parameters necessary to insure  the
Company's  compliance with the requirements of the Exchange Act,  or  if  the
audited  financial statements provided do not conform to the  representations
made  by  the  target business, the closing documents may  provide  that  the
proposed  transaction  will  be voidable at the  discretion  of  the  present
management of the Company.

<PAGE>


     The  Company  will  not  restrict its search for any  specific  kind  of
businesses,  but  may  acquire a business which  is  in  its  preliminary  or
development stage, which is already in operation, or in essentially any stage
of  its business life. It is impossible to predict at this time the status of
any  business in which the Company may become engaged, in that such  business
may  need  to seek additional capital, may desire to have its shares publicly
traded, or may seek other perceived advantages which the Company may offer.

     A  business combination with a target business will normally involve the
transfer  to  the  target business of the majority of  common  stock  of  the
Company,  and  the substitution by the target business of its own  management
and board of directors.

     The  Company  has, and will continue to have, no capital with  which  to
provide  the owners of business opportunities with any cash or other  assets.
However,  management believes the Company will be able  to  offer  owners  of
acquisition  candidates  the opportunity to acquire a  controlling  ownership
interest in a publicly registered company without incurring the cost and time
required to conduct an initial public offering.  The officer and director  of
the Company has not conducted market research and is not aware of statistical
data to support the perceived benefits of a merger or acquisition transaction
for the owners of a business opportunity.

     The  Company's  stockholders have agreed that they will advance  to  the
Company  any  additional funds which the Company needs for operating  capital
and  for  costs in connection with searching for or completing an acquisition
or merger. Such advances will be made without expectation of repayment unless
the owners of the business which the Company acquires or merges with agree to
repay  all  or  a portion of such advances.  There is no minimum  or  maximum
amount  such shareholder will advance to the Company.  The Company  will  not
borrow  any  funds  for  the  purpose  of  repaying  advances  made  by  such
shareholder,  and the Company will not borrow any funds to make any  payments
to the Company's promoters, management or their affiliates or associates.

     The  Board of Directors has passed a resolution which contains a  policy
that  the  Company will not seek an acquisition or merger with any entity  in
which  the  Company's officer, director, shareholder or their  affiliates  or
associates  serve as officer or director or hold more than  a  10%  ownership
interest.

ITEM 7.   FINANCIAL STATEMENTS

The  consolidated financial statements included in this Form 10-KSB  for  the
years  ended December 31, 1999, 1998 and 1997 have been audited by  Barry  L.
Friedman, PC., independent certified public accountant, as indicated  in  his
report  with  respect thereto, and are included in reliance upon such  report
given upon the authority of said firm as experts in auditing and accounting.

Please see pages F-1 through F-8 attached as an exhibit A hereto.

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

     There were no changes in or disagreements with accountants on accounting
and financial disclosure for the period covered by this report.

<PAGE>

PART III

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

     The Directors and Officers of the Company are as follows:
<TABLE>
Name                   Age  Positions and Offices Held
<S>                   <C>   <C>
Debra M. Nicholsen     30   President, Secretary, Treasurer, Sole Director
</TABLE>
     There are no agreements or understandings for the officer or director to
resign  at  the  request  of another person and the above-named  officer  and
director  is  not  acting on behalf of nor will act at the direction  of  any
other person.

     Set  forth below is the name of the director and officer of the Company,
all  positions and offices with the Company held, the period during which she
has served as such, and the business experience during at least the last five
years:

     Debra  M.  Nicholson  acts  as our President, Secretary,  Treasurer  and
Director. Ms. Nicholson has served as an officer and director of the  Company
since  July  14, 1997. Ms. Nicholsen was born September 9, 1969 in Hollywood,
California.  Ms. Nicholsen has attended Southwest Missouri State  University.
She  is  Chairperson of Friends of Foundation Maria de Honduras, a non-profit
organization  that helped provide relief and aid to the victims of  Hurricane
Mitch  in Honduras. Ms. Nicholsen has resided in Las Vegas for the past eight
years.

CURRENT BLANK CHECK COMPANIES

     Ms. Nicholsen is not an officer, director or control person of any other
Blank Check company.

CONFLICTS OF INTEREST

     Our  officer  and  director expects to organize  other  companies  of  a
similar  nature  and  with a similar purpose as us. Consequently,  there  are
potential  inherent  conflicts  of interest in  acting  as  our  officer  and
director.  Insofar as the officer and director are engaged in other  business
activities,  management anticipates that she will devote only a minor  amount
of time to our affairs. We do not have a right of first refusal pertaining to
opportunities   that  come  to  management's  attention   insofar   as   such
opportunities may relate to our proposed business operations.

    A  conflict may arise in the event that another blank check company  with
which management is affiliated is formed and actively seeks a target company.
It  is  anticipated that target companies will be located for  us  and  other
blank check companies in chronological order of the date of formation of such
blank check companies or, in the case of blank check companies formed on  the
same  date,  alphabetically. However, any blank check  companies  with  which
management is, or may be, affiliated may differ from us in certain items such
as  place  of  incorporation,  number of  shares  and  stockholders,  working
capital,  types of authorized securities, or other items. It may  be  that  a
target  company may be more suitable for or may prefer a certain blank  check
company  formed  after  us.  In such case, a business  combination  might  be
negotiated  on  behalf of the more suitable or preferred blank check  company
regardless of date of formation.

<PAGE>

     Debra  M.  Nicholson  acts  as our President, Secretary,  Treasurer  and
Director. Ms. Nicholson has served as an officer and director of the  Company
since  July  14, 1997. Ms. Nicholsen was born September 9, 1969 in Hollywood,
California.  Ms. Nicholsen has attended Southwest Missouri State  University.
She  is  Chairperson of Friends of Foundation Maria de Honduras, a non-profit
organization  that helped provide relief and aid to the victims of  Hurricane
Mitch  in Honduras. Ms. Nicholsen has resided in Las Vegas for the past eight
years.

    A  business  combination with us may include such terms as Ms.  Nicholsen
remaining  a  director  or  officer  of the  Company  and/or  the  continuing
securities work of the Company being handled by the consulting firm of  which
Ms.  Nicholsen is a director. The terms of a business combination may provide
for  a  payment  by cash or otherwise to Ms. Nicholsen for  the  purchase  or
retirement  of  all or part of his common stock by a target  company  or  for
services  rendered  incident  to or following  a  business  combination.  Ms.
Nicholsen  would  directly  benefit from such  employment  or  payment.  Such
benefits may influence Ms. Nicholsen 's choice of a target company.

    We  may  agree  to  pay  finder's fees, as appropriate  and  allowed,  to
unaffiliated persons who may bring a target company to us where that referral
results  in a business combination. No finder's fee of any kind will be  paid
by us to management or our promoters or to their associates or affiliates. No
loans of any type have, or will be, made by us to management or our promoters
of or to any of their associates or affiliates.

    We  will not enter into a business combination, or acquire any assets  of
any  kind  for  our securities, in which our management or any affiliates  or
associates have a greater than 10% interest, direct or indirect.

    There  are  no  binding guidelines or procedures for resolving  potential
conflicts of interest. Failure by management to resolve conflicts of interest
in  favor  of us could result in liability of management to us. However,  any
attempt by stockholders to enforce a liability of management to us would most
likely be prohibitively expensive and time consuming.

ITEM 10.  EXECUTIVE COMPENSATION

     The Company's officer and director does not receive any compensation for
his  services rendered to the Company, has not received such compensation  in
the past, and is not accruing any compensation pursuant to any agreement with
the  Company.   However, the officer and director of the Company  anticipates
receiving  benefits as a beneficial shareholder of the Company and, possibly,
in other ways.

     No  retirement,  pension,  profit sharing,  stock  option  or  insurance
programs or other similar programs have been adopted by the Company  for  the
benefit of its employees.

ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

     The  following  table sets forth, as of February 17, 2000,  each  person
known  by the Company to be the beneficial owner of five percent or  more  of
the  Company's  Common  Stock and the director and officer  of  the  Company.
Except as noted, the holder thereof has sole voting and investment power with
respect to the shares shown.

<PAGE>
<TABLE>

Name and Address               Amount of           Percentage
                               Beneficial
of Beneficial Owner            Ownership            of Class
<S>                            <C>                 <C>
Anthony N. DeMint              9,100,000               91%

Debra Nicholsen                 900,000                9%
</TABLE>

ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

    We  have  issued  a  total  of 900,000 shares  of  Common  Stock  to  the
following persons for a total of $900 in services.

Name              Number of Total Shares          Consideration
Debra Nicholsen            900,000                 $9000

     Debra  Nicholsen  is  our  President,  Secretary,  Treasurer,  and  sole
Director. The total number of shares were issued to Ms. Nicholsen in exchange
for services rendered to us, in lieu of cash.

      On  February 17, 2000. Anthony N. DeMint purchased 9,100,000 shares  of
the  Company's Common Stock from 22 of the Company's stockholders  for  total
consideration of $9,100.

      Mr.  DeMint has been involved with the following blank check  companies
Intercontinental Capital Fund, Inc., Navitec Group, Inc, TourPro Golf,  Inc.,
Royal  Acquisitions,  Inc.,  Calif Acquisitions Inc.,  Accessory  Specialists
Incorporated, RUB Investments Limited, Your Domain.com, Tac Asset  Corp.  and
Nothing Corp. which are also blank check companies.

     The  Board of Directors has passed a resolution which contains a  policy
that  the  Company will not seek an acquisition or merger with any entity  in
which the Company's officer, director or stockholders or their affiliates  or
associates  serve as officer or director or hold more than  a  10%  ownership
interest.  Management  is  not aware of any circumstances  under  which  this
policy may be changed.

     The  proposed business activities described herein classify the  Company
as  a "blank check" company.  The Securities and Exchange Commission and many
states  have  enacted statutes, rules and regulations limiting  the  sale  of
securities  of  blank  check  companies in  their  respective  jurisdictions.
Management  does  not intend to undertake any efforts to cause  a  market  to
develop  in  the  Company's securities until such time  as  the  Company  has
successfully  implemented its business plan described  herein.   Accordingly,
the  stockholders  of  the Company have executed and  delivered  a  "lock-up"
letter  agreements,  affirming that such stockholders shall  not  sell  their
respective  shares  of  the Company's common stock until  such  time  as  the
Company  has successfully consummated a merger or acquisition and the Company
is  no  longer  classified as a blank check company.  The  stockholders  have
placed  the  respective stock certificates with the Company  which  will  not
release the certificates until such time as a merger or acquisition has  been
successfully consummated.

<PAGE>

ITEM 13.  EXHIBITS AND REPORTS ON FORM 8-K

     (a)  Exhibits

     3.1* Articles  of  Incorporation filed as an exhibit  to  the  Company's
          registration  statement on Form 10-SB filed on December  29,  2000,
          and incorporated herein by reference.

     3.2* By-Laws filed as an exhibit to the Company's registration statement
          on  Form 10-SB filed on December 29, 2000, and incorporated  herein
          by reference.

     27   Financial Data Schedule

     _____
     *    Previously filed

     (b)  There  were no reports on Form 8-K filed by the Company during  the
          quarter ended December 31, 1999.


                                 SIGNATURES

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

CENTRAL AMERICAN FUEL TECHNOLOGY, INC.

                                   By:/s/ Debra Nicholsen
                                         Debra Nicholsen, President

                                   Dated:    February 23, 2000

     Pursuant  to  the requirements of the Securities Exchange Act  of  1934,
this  report has been signed below by the following persons on behalf of  the
registrant and in the capacities and on the dates indicated.

NAME                     OFFICE              DATE

/s/ Debra Nicholsen
Debra Nicholsen          Director            February 23, 2000

<PAGE>

                            FINANCIAL STATEMENTS

    Set  forth below are the audited financial statements for the Company for
the  period  ended December 31, 1999. The following financial statements  are
attached to this report and filed as a part thereof.

                              TABLE OF CONTENTS


                                                                         PAGE

INDEPENDENT AUDITORS' REPORT                                             F-1

ASSETS                                                                   F-2

LIABILITIES AND STOCKHOLDERS' EQUITY                                     F-3

STATEMENT OF OPERATIONS                                                  F-4

STATEMENT OF STOCKHOLDERS' EQUITY                                        F-5

STATEMENT OF CASH FLOWS                                                  F-6

NOTES TO FINANCIAL STATEMENTS                                        F-7-F-8

<PAGE>

                           BARRY L. FRIEDMAN, PC.
                         Certified Public Accountant


1582 TULITA DRIVE                                 OFFICE (702) 361-8414
LAS VEGAS, NEVADA 89123                           FAX NO. (702) 896-0278

                        INDEPENDENT AUDITORS' REPORT

Board Of Directors                                     January 12, 2000
Central America Fuel Technology, Inc.
Las Vegas, Nevada

     I  have audited the accompanying Balance Sheets of Central America  Fuel
Technology,  Inc., ( A Development Stage Company), as of December  31,  1999,
December  31,  1998,  and December 31, 1997, and the  related  statements  of
operations, stockholders, equity and cash flows for period January  1,  1999,
to  December 31, 1999, the year ended December 31, 1998, and the period  July
14, 1997, inception, to December 31, 1997. These financial statements are the
responsibility of the Company's management. My responsibility is  to  express
an opinion on these financial statements based on my audit.

     I  conducted  my  audit 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
financial  statement  presentation.  I  believe  that  my  audit  provides  a
reasonable basis for my opinion.

     In  my  opinion,  the  financial statements referred  to  above  present
fairly,  in all material respects, the financial position of Central  America
Fuel  Technology,  Inc., (A Development Stage Company), as  of  December  31,
1999,  December  31,  1998, and December 31, 1997, and  the  results  of  its
operations  and  cash flows for the period January 1, 1999, to  December  31,
1999,  for  the year ended December 31, 1998, and the period July  14,  1997,
inception,  to  December  31,  1997, in conformity  with  generally  accepted
accounting principles.

     The  accompanying financial statements have been prepared  assuming  the
Company  will  continue as a going concern. As discussed in Note  #3  to  the
financial statements, the Company has no established source of revenue.  This
raises  substantial doubt about its ability to continue as a  going  concern.
Management's plan in regard to these matters are also described in  Note  #3.
The  financial  statements do not include any adjustments that  might  result
from the outcome of this uncertainty.

/s/ Barry Friedman

Barry L. Friedman
Certified Public Accountant

<PAGE>
<TABLE>
                    CENTRAL AMERICA FUEL TECHNOLOGY, INC.
                        (A Development Stage Company)


                                BALANCE SHEET


                                   ASSETS

                                        December    December    December
                                        31, 1999    31, 1998    31, 1997

                                      -----------  ----------  ----------
<S>                                   <C>         <C>          <C>
CURRENT ASSETS
  Cash                                        $200          $0          $0
                                       -----------  ----------  ----------
     TOTAL CURRENT ASSETS                     $200          $0          $0
                                       -----------  ----------  ----------
OTHER ASSETS                                    $0          $0          $0
                                       -----------  ----------  ----------
     TOTAL OTHER ASSETS                         $0          $0          $0
                                       -----------  ----------  ----------
     TOTAL ASSETS                             $200          $0          $0
                                        ==========   =========   =========
</TABLE>
  The accompanying notes are an integral part of these financial statements

<PAGE>
<TABLE>
                    CENTRAL AMERICA FUEL TECHNOLOGY, INC.
                        (A Development Stage Company)


                                BALANCE SHEET


                    LIABILITIES AND STOCKHOLDERS' EQUITY

                                           December    December   December
                                           31, 1999    31, 1998   31, 1997
                                         ------------ ----------------------
<S>                                      <C>          <C>         <C>
CURRENT LIABILITIES
     Officers Advances (Note #6)               $1,000         $0         $0
                                         ------------ ----------- -----------
  TOTAL CURRENT LIABILITIES                    $1,000         $0         $0
                                         ------------ ----------- -----------
STOCKHOLDERS' EQUITY (Note #1)

   Common stock, par value $.001
   Authorized 20,000,000 shares
   issued and outstanding at
   December 31, 1997- 10,000,000 shs                                $10,000
   December 31, 1998- 10,000,000 shs                     $10,000
   December 31, 1999- 10,000,000 shs          $10,000

     Additional paid in Capital                     0          0          0

     Deficit accumulated during
     the development stage                   (10,800)   (10,000)   (10,000)
                                         ------------ ----------- -----------
  TOTAL STOCKHOLDERS' EQUITY                   $(800)         $0         $0
                                         ------------ ----------- -----------
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY                             $200         $0         $0
                                          =========== ========== ==========
</TABLE>
  The accompanying notes are an integral part of these financial statements

<PAGE>
<TABLE>
                    CENTRAL AMERICA FUEL TECHNOLOGY, INC.
                        (A Development Stage Company)

                           STATEMENT OF OPERATIONS

                             Jan. 1,       Year       Year       Jul. 14,
                             1999, to     Ended       Ended        1996
                             Dec. 31,    Dec. 31,   Dec. 31,    (inception)
                               1999        1998       1997      to Dec. 31,
                                                                   1999
                           ------------ ---------- ----------   -----------
<S>                        <C>          <C>        <C>          <C>
INCOME
     Revenue                         $0         $0          $0            $0
                            ----------- ---------- -----------    ----------
EXPENSES
     General and
     Administrative                $800         $0          $0       $10,800
                           ------------ ---------- -----------   -----------
   Total Expenses                  $800         $0          $0       $10,800
                           ------------ ---------- -----------   -----------
Net Loss                         $(800)         $0          $0     $(10,800)
                              =========  =========   =========     =========
Net Profit
or Loss(-)
Per weighted
Share (Note #1)                $(.0001)     $.0000      $.0000      $(.0011)
                              =========  =========   =========     =========
Weighted average
Number of common
shares outstanding           10,000,000 10,000,000  10,000,000    10,000,000
                              =========  =========   =========     =========
</TABLE>
  The accompanying notes are an integral part of these financial statements

<PAGE>
<TABLE>
                    CENTRAL AMERICA FUEL TECHNOLOGY, INC.
                        (A Development Stage Company)

                      STATEMENT OF STOCKHOLDERS' EQUITY

                                                       Additional   Accumu-
                                     Common Stock       paid-in      lated
                                  Shares     Amount     capital     Deficit
                                --------   -------    ---------    -------
<S>                             <C>        <C>       <C>           <C>
July 14, 19997
Issued Stock
For Services                   10,000,000    $10,000          $0          $0

Net loss, July 14,
1997 to
December 31, 1997                       0          0           0    (10,000)
                                 -------- ---------- ----------- ------------
Balance,
December 31, 1997              10,000,000    $10,000          $0     $10,000

Net loss year ended
December 31, 1998                       0          0           0           0
                               ----------- ---------- -----------  ----------
Balance,
December 31, 1998              10,000,000    $10,000          $0   $(10,000)

Net loss,
January  1,1999, to
December 31, 1999                       0          0           0       (800)
                                --------- ---------- ----------- ------------
Balance,
December 31, 1999              10,000,000     10,000          $0   $(10,800)
                                =========  =========   =========  ==========
</TABLE>
  The accompanying notes are an integral part of these financial statements

<PAGE>
<TABLE>
                    CENTRAL AMERICA FUEL TECHNOLOGY, INC.
                        (A Development Stage Company)

                           STATEMENT OF CASH FLOWS


                                                                   Jul. 14,
                                Jan. 1,      Year      Jul. 14,      1997
                               1999, to     Ended      1997, to  (inception)
                               Dec. 31,    Dec. 31,    Dec. 31,  To Dec. 31,
                                 1999        1998        1997        1999
                              ----------  ---------   ---------   ---------
<S>                           <C>         <C>         <C>        <C>
Cash Flows from
Operating Activities:
  Net Loss                         $(800)         $0          $0   $(10,800)
  Adjustment to
  reconcile net loss
  to net cash
  provided by operating
  Activities
  Stock issued
     for services                       0          0      10,000      10,000
  Changes in assets and
  Liabilities
     Increase in current
     Officers Advances              1,000          0           0       1,000
                              ----------- ---------- -----------  ----------
Net cash used in
operating activities                 $200         $0          $0        $200

Cash Flows from
investing activities                    0          0           0           0

Cash Flows from
Financing Activities:                   0          0           0           0
                               ---------- ----------  ----------  ----------
Net increase(decrease)
in cash                              $200         $0          $0        $200

Cash, beginning of
Period                                  0          0           0           0
                              ----------- ---------- ----------- -----------
                                                   -
Cash, end of period                  $200         $0          $0        $200
                                =========  =========   =========   =========
</TABLE>

  The accompanying notes are an integral part of these financial statements

<PAGE>

                    CENTRAL AMERICA FUEL TECHNOLOGY, INC.
                        (A Development Stage Company)

                        NOTES TO FINANCIAL STATEMENTS
         December 31, 1999, December 31, 1998, and December 31,1997

NOTE 1 - HISTORY AND ORGANIZATION OF THE COMPANY

     The Company was organized April 19, 1994, under the laws of the State of
Nevada,  as  Central  America  Fuel Technology,  Inc..  The  Company  has  no
operations and in accordance with SFAS #7, is considered a development  stage
company.

     On July 14, 1997, the company issued 10,000,000 shares of its $0.001 par
value common stock for services of $ 10,000.

NOTE 2 - ACCOUNTING POLICIES AND PROCEDURES

     Accounting  policies and procedures have not been determined  except  as
follows:

     1.   The Company uses the accrual method of accounting.

     2.   Earnings per share is computed using the weighted average number of
shares of common stock outstanding.

     3.    The  Company has not yet adopted any policy regarding  payment  of
dividends. No dividends have been paid since inception.

NOTE 3 - GOING CONCERN

     The  Company's  financial statements are prepared  using  the  generally
accepted   accounting  principles  applicable  to  a  going  concern,   which
contemplates the realization of assets and liquidation of liabilities in  the
normal  course  of  business. However, the Company has no current  source  of
revenue. Without realization of additional capital, it would be unlikely  for
the  Company to continue as a going concern. It is management's plan to  seek
additional capital through a merger with an existing operating company.

NOTE 4 - WARRANTS AND OPTIONS

     There  are  no warrants or options outstanding to acquire any additional
shares of common stock.
<PAGE>

                    CENTRAL AMERICA FUEL TECHNOLOGY, INC.
                        (A Development Stage Company)

                   NOTES TO FINANCIAL STATEMENTS CONTINUED
         December 31, 1999, December 31, 1998, and December 31, 1997

NOTE 5 - RELATED PARTY TRANSACTION

     The Company neither owns or leases any real or personal property. Office
services are provided without charge by a director. Such costs are immaterial
to  the  financial  statements  and, accordingly,  have  not  been  reflected
therein.  The  officers and directors of the Company are  involved  in  other
business activities and may, in the future, become involved in other business
opportunities.  If  a specific business opportunity becomes  available,  such
persons may face a conflict in selecting between the Company and their  other
business  interests.  The  Company  has  not  formulated  a  policy  for  the
resolution of such conflicts.

NOTE 6 - OFFICERS ADVANCES

     While the Company is seeking additional capital through a merger with an
existing  operating company, an officer of the Company has advanced funds  on
behalf  of  the Company to pay for any costs incurred by it. These funds  are
interest free.