**U.S. SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C.  20549**

**FORM 10-QSB**

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

For the quarterly period ended September 30, 2001

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

For the transition period from     to

Commission File Number 000-32349

**SHORESIDE INVESTMENTS, INC**.

(Exact name of small business issuer as specified in its charter)

|**Utah**

(State or other jurisdiction of incorporation or organization) | **87-053546**

****                 (IRS Employer Identification No.)
|------------------------------------------------------------------------ | ---------------------------------------------------------------------

**3191 S. Valley Street,  #201, Salt Lake City, UT  84109**

888-379-8693

(Issuer's telephone number)

Not Applicable

(Former name, address and fiscal year, if changed since last report)

Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the
preceding 12 months (or for such shorter period that the issuer was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [ X] No [  ]

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE
YEARS:

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13, or 15(d) of the
Exchange Act subsequent to the distribution of securities under a plan confirmed by a court. Yes [  ]  No  [  ]

APPLICABLE ONLY TO CORPORATE ISSUERS:

State the number of shares outstanding of each of the issuer's classes of common equity, as of September 30, 2001: 1,250,000
shares of common stock.

Transitional Small Business Format:  Yes [   ]  No [ X ]

**FORM 10-QSB**

**SHORESIDE INVESTMENTS, INC.**

**INDEX**

| | Page
| | ----

|PART I. Financial Information | 
|----------------------------- | 

|Item I.  Financial Statements (unaudited) 

Condensed Balance Sheets - September 30, 2001 (unaudited)
and December 31, 2000

Condensed Statements of Operations (unaudited) for the Three
Months Ended September 30, 2001 and 2000, and Cumulative
During the Development Stage

Statements of Cash Flows (unaudited) for the Three Months
Ended September 30, 2001 and 2000, and Cumulative During
the Development Stage

Notes to Consolidated Financial Statements

Item 2.  Management's Discussion and Analysis of Financial
Condition | 3

4

5

6

7

8
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------

|PART II. Other Information 

Item 6.  Exhibits and Reports on Form 8-K | 9
|---------------------------------------------------------------------- | -

|Signatures | 9
|---------- | -

(Inapplicable items have been omitted)

**PART I.**

**Financial Information**

Item 1.  Financial Statements (unaudited)

In the opinion of management, the accompanying unaudited financial statements included in this Form 10-QSB reflect all
adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of the results of operations for be
periods presented.  The results of operations for the periods presented are not necessarily indicative of the results to be expected
for the full year.

**SHORESIDE INVESTMENTS, INC.**

**(A Development Stage Company)**

**BALANCE SHEETS**

**ASSETS** ****



| | September 30,   | December 31,
| | --------------- | ------------
| | 2001            | 2000        
| | **(Unaudited)** |             

|********CURRENT ASSETS:                                                                                                         |             |             
|------------------------------------------------------------------------------------------------------------------------------- | ----------- | ------------
|Cash                                                                                                                            | $       514 | $      7,063
|Prepaid expenses                                                                                                                | 1,674       | 334         
|Total Current Assets                                                                                                            | 2,188       | 7,397       
|PROPERTY                                                                                                                        |             |             
|Building Lot                                                                                                                    | 76,700      | 76,700      
|Condominium, less depreciation of
46,474 and $2,589                                                                             | 171,526     | 175,411     
|Total Property                                                                                                                  | 248,226     | 252,111     
|TOTAL ASSETS                                                                                                                    | $250,414    | $ 259,508   
|**LIABILITIES AND STOCKHOLDER'S EQUITY**                                                                                        |            
|CURRENT LIABILITIES                                                                                                             |             |             
|Accounts payable                                                                                                                | $       -   | $       497 
|Franchise taxes payable                                                                                                         | -           | 100         
|Advances from stockholders                                                                                                      | 13,075      | 7,205       
|Other accrued liabilities                                                                                                       | 8,878       | 5,279       
|Notes payable - current portion                                                                                                 | 51,232      | 51,790      
|STOCKHOLDERS' EQUITY                                                                                                            |             |             
|Common stock, $.001 par value;
10,000,000 shares authorized; 1,250,000
and 1,250,000 shares issued and
outstanding respectively | 1,250       | 1,250       
|Additional paid-in capital                                                                                                      | 109,204     | 100,704     
|Deficit accumulated during the
development stage                                                                                | (50,694)    | (26,325)    
|Total Stockholders' Equity                                                                                                      | 59,760      | 75,629      
|TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY                                                                                      | $250,414    | $259,508    
|                                                                                                                                |             |             

**SHORESIDE INVESTMENTS, INC.**

**(A Development Stage Company)**

**STATEMENTS OF OPERATIONS**

**(Unaudited)**

|                                    | For the Three
Months Ended
September 30, | For the Three
Months Ended
September 30, | For the Nine
Months Ended
September 30, | For the Nine
Months Ended
September 30, | Cumulative During
the Development
Stage
|----------------------------------- | ---------------------------------------- | ---------------------------------------- | --------------------------------------- | --------------------------------------- | ---------------------------------------
|REVENUE                             |                                          |                                          |                                         |                                         |                                        
|Rent Income                         | $  -                                     | $  -                                     | $    5,233                              | $  -                                    | $    5,233                             
|EXPENSES                            |                                          |                                          |                                         |                                         |                                        
|General and
Administrative          | 4,297                                    | 1,406                                    | 8,707                                   | 4,870                                   | 20,400                                 
|Depreciation
expense                | 1,295                                    | 1,295                                    | 3,885                                   | 1,295                                   | 6,474                                  
|Property expenses                   | 4,035                                    | 1,949                                    | 12,297                                  | 1,949                                   | 17,138                                 
|Franchise tax
expense               | -                                        | -                                        | -                                       | -                                       | 794                                    
|Total Expense                       | 10,994                                   | 7,467                                    | 29,602                                  | 10,931                                  | 55,927                                 
|NET (LOSS)
BEFORE TAXES             | (10,994)                                 | (7,467)                                  | (24,369)                                | (10,931)                                | (50,694)                               
|Provision for
income taxes          | -                                        | -                                        | -                                       | -                                       | -                                      
|NET (LOSS)                          | $(10,994)                                | $ (7,467)                                | $(24369)                                | $(10,931)                               | $(50,694)                              
|EARNINGS
(LOSS) PER
SHARE           | $      (.01)                             | $     (.01)                              | $     (.01)                             | $      (.01)                            | $      (.01)                           
|WEIGHTED
AVERAGE
SHARES
OUTSTANDING | 1,250,000                                | 1,083,000                                | 1,250,000                               | 1,166,667                               | 1,020,192                              

**SHORESIDE INVESTMENTS, INC.**

**(A Development Stage Company)**

**STATEMENT OF CASH FLOWS**

|                                                                           | For the Nine Months Ended
September 30, | For the Nine Months Ended
September 30, | Cumulative During the
Development Stage
|-------------------------------------------------------------------------- | --------------------------------------- | --------------------------------------- | ---------------------------------------
|                                                                           | 2001                                    | 2000                                    |                                        
|CASH FLOWS FROM
OPERATING ACTIVITIES                                       |                                         |                                         |                                        
|Net Loss                                                                   | $(24,369)                               | $(10,931)                               | $(50,694)                              
|Adjustment to reconcile net
loss to net cash used in
operating activities: |                                         |                                         |                                        
|Depreciation                                                               | 3,885                                   | 1,295                                   | 6,474                                  
|Changes in assets and
liabilities                                          |                                         |                                         |                                        
|Prepaid expenses                                                           | (1,340)                                 | (1,489)                                 | (1,674)                                
|Accounts payable                                                           | (497)                                   | (376)                                   | -                                      
|Franchise tax payable                                                      | (100)                                   | (100)                                   | -                                      
|Other accrued liabilities                                                  | 3,599                                   | 5,927                                   | 8,878                                  
|Net cash used in operating
activities                                      | (18,822)                                | (5,674)                                 | (37,016)                               
|CASH FLOWS FROM
INVESTING ACTIVITIES                                       | -                                       | -                                       | -                                      
|CASH FLOWS FROM
FINANCING ACTIVITIES                                       |                                         |                                         |                                        
|Sale of Common Stock                                                       | -                                       | -                                       | 3,900                                  
|Officer or stockholder's
payments (advances)                               | 5,870                                   | 7,735                                   | 13,075                                 
|Notes payments                                                             | (2,097)                                 | (5,655)                                 | (8,419)                                
|Capital contributed by
stockholder                                         | 8,500                                   | 5,000                                   | 28,974                                 
|Net cash provided by
financing activities                                  | 12,273                                  | 7,080                                   | 37,530                                 
|NET INCREASE
(DECREASE) IN CASH                                            | (6,549)                                 | 1,406                                   | 514                                    
|CASH AT BEGINNING
PERIOD                                                   | 7,063                                   | 1,219                                   | -                                      
|CASH AT END OF PERIOD                                                      | $    514                                | $  1,219                                | $    514                               
|SUPPLEMENTAL CASH
FLOW INFORMATION                                         |                                         |                                         |                                        
|Interest expense                                                           | $ 4,713                                 | $ 2,817                                 | $11,121                                
|Income taxes                                                               | $     -                                 | $     -                                 | $     -                                
|SUPPLEMENTAL
NONCASH
TRANSACTIONS                                          |                                         |                                         |                                        
|Common stock issued to
acquire property - net of
property taxes            | $     -                                 | $250,480                                | $250,480                               
|Assumption of debt
associated with the property
acquisition                | $     -                                 | $172,900                                | $172,900                               

**SHORESIDE INVESTMENTS, INC.**

(A Development Stage Company)

**NOTES TO UNAUDITED FINANCIAL STATEMENTS**

**NOTE 1  -  CONDENSED FINANCIAL STATEMENTS**

The Company, without audit, has prepared the accompanying financial statements.  In the opinion of management, all
adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of
operation and cash flows at September 30, 2001 and for all periods presented have been made.

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 condensed financial statements be
read in conjunction with the financial statements and notes thereto included in the Company's December 31, 2000 audited
financial statements.  The results of operations for the periods ended September 30, 2001 and 2000 are not necessarily indicative
of the operating results for the full year.

**NOTE 2  -  FILING WITH THE SECURITIES AND EXCHANGE COMMISSION**

On February 16, 2001, the Company received a letter from the Securities and Exchange Commission notifying the ompany that
its Registration Statement on Form 10-SB would automatically go effective 60 days after filing.  The Form 10-SB was filed
February 13, 2001.

**NOTE 3  -  CONTRIBUTED CAPITAL - OFFICER AND STOCKHOLDER**

During the nine months ended September 30, 2001, an officer and stockholder contributed $8,500 to the Company as additional
paid-in capital, which was used for operating capital.

**NOTE 4  -  SUBSEQUENT EVENT**

On October 18, 2001, pursuant to a unanimous consent of the Board of Directors of the Company, a quit claim deed was
executed deeding to a shareholder, the Draper Building lot located a 12229 South Kodiak Court, Draper, Utah, in exchange for
the 50,000 shares originally issued to the shareholder on June 27, 2000 for the lot with such shares being cancelled and returned
to the authorized but unissued shares of the Company.

**Results of Operations**

**Three Month and Nine Month periods Ended September 30, 2001 and 2000**

The Company had revenue from continuing operations for the three-month periods ended September 30, 2001 and 2000 of $-0-.
For the nine months ended September 30, 2001, the Company had revenue from continuing operations of $5,233 compared to
$-0- for the same period in 2000.

General and administrative expenses for the three month periods ended September 30, 2001 and 2000 consisted of general
corporate administration, legal and professional expenses, accounting and auditing costs and property expenses, depreciation
expense and property interest.  These expenses were $10,994 and $7,467 for the three-month periods ended September 30, 2001
and 2000, respectively.  Expenses for the nine month period ending September 30, 2001 and 2000 were $29,602 and $10,931
respectively.

As a result of the foregoing factors, the Company realized a net loss of $10,994 for the three months ended September 30, 2001,
as compared to a net loss of $7,467 for the same period in 2000.  For the nine months ended September 30, 2001 the Company
realized a net loss of $10,931 compared to $50,694 for the same period in 2000.

**Liquidity and Capital Resources**

At September 30, 2001, the Company had cash on hand of $514 and prepaid expenses of $1,674 for total current assets of
$2,188.  As of December 31, 2000, the Company had $7,063 cash on hand and $334 in prepaid expenses for total current assets
of $7,397.

Property assets for the three months ended September 30, 2001 was $76,700 for the building lot and $174,116 for the
condominium compared to $76,700 for the building lot and $175,411 for the condominium as of December 31, 2000.

Total assets for the period ended September 30, 2001 was $250,414 compared to $259,508 as of December 31, 2000.

As of September 30, 2001, the Company had total current liabilities of $73,185 consisting of $13,075 in advances from
stockholders, $8,878 in other accrued liabilities and $51,232 in notes payable - current portion.  At December 31, 2000, the total
current liabilities was $64,871.  Noncurrent liabilities at September 30, 2001 was $117,469 in notes payable - less current
portion compared to $119,008 at December 31, 2000.

Total stockholders' equity as of September 30, 2001 was $59,760 compared to $75,629 at December 31, 2000.

On October 18, 2001, pursuant to a unanimous consent of the Board of Directors of the Company, a quit claim deed was
executed deeding to a shareholder, the Draper Building lot located a 12229 South Kodiak Court, Draper, Utah, in exchange for
the 50,000 shares originally issued to the shareholder on June 27, 2000 for the lot with such shares being cancelled and returned
to the authorized but unissued shares of the Company.

Management believes that the Company has sufficient cash and revenue to meet the anticipated needs of the Company's
operations through at least the next 12 months.  However, at times, the Company has not generated sufficient revenue to pay the
loan on the condominium and has accepted advances from shareholders to cover the loan payments.  The Company will continue
to accept advances as necessary.

Shoreside will not require any expenditures for research or development in the foreseeable future.  The Company does not
contemplate hiring employees or purchasing plant facilities or significant equipment during the next year.  No such expenditures
will be incurred unless the costs can be covered by existing revenues or the sale of real estate.

**PART II.  OTHER INFORMATION**

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

Reports on Form 8-K:  No reports on Form 8-K were filed by the Company during the quarter ended September 30, 2001.

Exhibits:****None

**SIGNATURES**

In accordance with the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.

**SHORESIDE INVESTMENTS, INC.**

Date: December 3, 2001                                         By: /s/ Harvey Carmichael

Harvey Carmichael

President, Secretary and Treasurer