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Indicate by check mark whether the registrant (1) has filed all reports required to be filed by
Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or such
shorter period that the registrant was required to file such reports)





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**ITEM 1 - FINANCIAL STATEMENTS**

The condensed financial statements included herein have been prepared by the Company,
without audit, pursuant to the rules and regulations of the Securities and Exchange Commission.
Certain information and footnote disclosures normally included in financial statements prepared in
accordance with generally accepted accounting principles have been condensed or omitted pursuant
to such rules and regulations, although the Company believes that the disclosures are adequate to
make the information presented not misleading.

In the opinion of the Company, all adjustments, consisting of only normal recurring
adjustments, necessary to present fairly the financial position of the Company as of December 31,
2001 and the results of its operations and changes in its financial position from September 30, 2001
through December 31, 2001 have been made.  The results of its operations for such interim period
is not necessarily indicative of the results to be expected for the entire year.

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Balance Sheets

ASSETS

TOTAL ASSETS                                                               
$	-$	-

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES

Interest payable                                                                 
12,523                 
10,018

Note payable                                                                    
166,963                
166,963

Total Current Liabilities                                                     
209,507                
205,223

COMMITMENTS AND CONTINGENCIES                        
-                          
-

STOCKHOLDERS' EQUITY (DEFICIT)

Preferred stock; 1,428 shares at $700
par value; 0 shares issued and outstanding
Common stock authorized; 20,000,000 shares at $.10
par value; 4,617,424 shares issued and outstanding            
461,742                
461,742
Capital in excess of par value                                           
7,884,033             
7,884,033
Accumulated
deficit                                                        
(8,555,282)            
(8,550,998)

Total Stockholders' Equity (Deficit)                                   
(209,507)              
(205,223)

TOTAL LIABILITIES AND 
STOCKHOLDERS' EQUITY (DEFICIT)                      
$	-                         
$	-

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**Habersham Energy Company**Statements of Operations
(unaudited)

REVENUE                                                                                                       
$	-                                 
$	-

General & administrative                                                               
$		1,679                                   
$		18,699

Interest                                                                                                 
2,505-

Taxes (Note 1)                                                                                       
100                                       
-

Loss per common share                                                                 
$	-                                       
$	-

Average outstanding shares                                                           
4,617,424                         
4,617,424

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**Habersham Energy Company**Statements of Cash Flows
(unaudited)

For the Three                         
For the Three

SOURCES OF CASH

Net earnings                                                                                             
$		(4,284)                                       
$		(18,699)

CASH PROVIDED BY (USED FOR)

Increase/(Decrease) in:
Accounts payable                                                                                      
1,779                                               
18,699

Interest payable                                                                                         
2,505-

INVESTING ACTIVITIES                                                                            
-                                                        
-

FINANCING ACTIVITIES                                                                            
-                                                       
-

Cash and cash equivalents at the beginning

Cash and cash equivalents at the end

Cash Paid For:

Taxes                                                                                                        
$	-                                                         
$	-

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**Habersham Energy Company**Notes to the Financial Statements
December 31, 2001

NOTE 1 - INTERIM FINANCIAL STATEMENTS

The financial statements for the three months ended December 31, 2001 were prepared from the
books and records of the company.  Management believes that all adjustments have been made to
the financial statements to make a fair presentation of the financial condition of the company as
of December 31, 2001.  The results of the three months are not indicative of a full year of
operation for the Company.

Certain information and footnote disclosures normally included in financial statements prepared
in accordance with generally accepted accounting principles have been condensed or omitted.  It
is suggested that these financial statements be read in conjunction with the financial statements
and notes thereto included in the Company's September 30, 2001 audited financial statements.
The results of operations for the periods ended December 31, 2001 and 2000 are not necessarily
indicative of the operating results for the full year.

**ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS.**

Liquidity and Capital Resources.  The Registrant has approximately $(209,507) as operating
capital at December 31, 2001. The Registrant intends to raise additional funds as needed through private
placements with accredited and sophisticated investors.

Plan of Operations.  The Company is currently in the process of looking for business
opportunities to acquire or merge with.  There is no guarantee that management will be successful in
finding such an opportunity.

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**OTHER INFORMATION**

Item 2.	Changes in Securities.	None

Item 3.	Defaults Upon Senior Securities.	None

Item 4.	Submission of Matters to a Vote of Security Holders.	None

Item 5.	Other Information.	None

Item 6.	Exhibits and Reports on Form 8-K.	None

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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned authorized officer.

Dated February 7, 2002

Habersham Energy Company

/S/ Robert Wallace

President

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