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**SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549
                                   FORM 10-QSB**

        [X]   QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
              EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30,
              2003
                                       OR

        [ ]   TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
              EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD______ to ______

                          Commission file Number 0-2347

                       **UNIVERSAL LIFE HOLDING CORPORATION**
        (Exact name of small business issuer as specified in its charter)

              **Illinois                                     37-0859747**
   (State or other jurisdiction of                      (I.R.S. Employer
    incorporation or organization)                   Identification Number)

                       **P.O. Box 340, Olney, Maryland 20830**
               (Address of principal executive offices) (Zip Code)

                                **(301) 774-6913**
                           (Issuer's telephone number)

Indicate by 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 registrant 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 corporate issuers) State the number of shares outstanding of
each of the issuer's classes of common equity, as of the latest practical date.

       Number of shares of Common Stock outstanding as of September 30, 2003:

                        Class A Common Stock - 2,354,047

Transitional Small Business Format

(Check one):
Yes [ ]   No [X]

                          **PART I FINANCIAL INFORMATION****Item 1. Financial Statements**

     Financial statements for the quarterly period ended September 30, 2003 are
included as Appendix A hereto.

**Item 2. Management's Plan of Operation

               CAUTIONARY STATEMENT IDENTIFYING IMPORTANT FACTORS
                THAT COULD CAUSE THE COMPANY'S ACTUAL RESULTS TO
            DIFFER FROM THOSE PROJECTED IN FORWARD LOOKING STATEMENTS**

     In connection with the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, readers of this document and any document
incorporated by reference herein, are advised that this document and documents
incorporated by reference into this document contain both statements of
historical facts and forward looking statements. Forward looking statements are
subject to certain risks and uncertainties, which could cause actual results to
differ materially for those indicated by the forward looking statements.
Examples of forward looking statements include, but are not limited to (i)
projections of revenues, income or loss, earning or loss per share, capital
expenditures, dividends, capital structure and other financial items, (ii)
statements of the plans and objectives of Universal Life Holding Corporation
(the "Company") or its management or Board of Directors, including the
introduction of new products, or estimates or predictions of actions by
customers, suppliers, competitors or regulatory authorities, (iii) statements of
future economic performance, and (iv) statements of assumptions underlying other
statements and statements about the Company or its business.

     This document and any documents incorporated by reference herein also
identify important factors which could cause actual results to differ materially
from those indicated by forward looking statements. These risks and
uncertainties include price competition, the decisions of customers, the actions
of competitors, the effects of government regulation, possible delays in the
introduction of new products and services, customer acceptance of products and
services, the Company's ability to secure debt and/or equity financing on
reasonable terms, and other factors which are described herein and/or in
documents incorporated by reference herein.

     The cautionary statements made pursuant to the Private Litigation
Securities Reform Act of 1995 above and elsewhere by the Company should not be
construed as exhaustive or as any admission regarding the adequacy of
disclosures made by the Company prior to the effective date of such Act. Forward
looking statements are beyond the ability of the Company to control and in many
cases the Company cannot predict what factors would cause results to differ
materially from those indicated by the forward looking statements.

     The Company was not, as of September 31, 2003 or as of the date of the
filing of this report, an operating business. For a discussion of the previous
operating businesses of the Company, the reader is referred to the Company's
previously filed Form 10-K for the period ended December 31, 1994 and Form 10-Q
for the period ended September 30, 1995.

     The Company plans to reorganize the Company through a merger or other
acquisition involving a private operating company. The Company is actively
seeking candidates for such a merger or other acquisition. In the meantime, the
Company plans to continue to maintain its corporate formalities and regulatory
compliance with state and federal agencies, with the minimum funding necessary
to do so to be made available from principals and/or shareholders of the Company
or third parties.

                           **PART II. OTHER INFORMATION****Item 1. Legal Proceedings**

     There are no legal proceedings pending against the Company.

**Item 2. Changes in Securities and Use of Proceeds**

     There were no events to report under this item during the quarterly period
ended September 30, 2003.

**Item 3. Defaults Upon Senior Securities**

     There were not defaults upon senior securities during the quarterly period
ended September 30, 2003.

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

     There were no matters submitted to a vote of security holders during the
quarterly period ended September 30, 2003.

**Item 5. Other Information**

     Not applicable.

**Item 6. Exhibits**

Exhibit
NumberDescription
31                   Certification

                                   **SIGNATURES**

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 Company and in
the capacities and on the date indicated.

Date: November 14, 2003                    By:  /s/ Frederic S. Richardson
                                               --------------------------
                                                    Frederic Richardson,
                                                    President and Director
                                                    (Principal Financial and
                                                    Accounting Officer)

Date: November 14, 2003                    By:  /s/ Max Apple
                                              ----------------
                                                    Max Apple
                                                    Secretary and Director

**APPENDIX A
                         Unaudited Financial Statements**

                      UNIVERSAL LIFE HOLDING CORPORATION

         Statement of Net Assets in Liquidation as of September 30, 2003
   Statement of Changes in Net Assets in Liquidation for the Period Then Ended

                      **UNIVERSAL LIFE HOLDING CORPORATION
                                  BALANCE SHEET
                               September 30, 2003**

ASSETS                                                           $         0
                                                                   ===========
LIABILITIES AND STOCKHOLDERS' DEFICIT

LIABILITIES
    Accounts payable                                              $       750
                                                                   -----------
STOCKHOLDERS' DEFICIT

    Common stock
       Class A, no par value, 6,000,000 shares
          authorized, 2,354,047 shares issued or
          outstanding                                               1,177,024
       Class B, no par value, 6,000,000 shares
          authorized, none issued and outstanding
    Paid in capital                                                     1,950
    Accumulated deficit                                            (1,179,724)
                                                                   -----------
       Total Stockholders' Deficit                                 (      750)
                                                                   -----------
       TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                $         0
                                                                   ===========

                                      F-1
**UNIVERSAL LIFE HOLDING CORPORATION
                             STATEMENTS OF EXPENSES
             Three and Nine Months Ended September 30, 2003 and 2002**

                                                      Three Months                          Nine Months
                                                   Ended September 30,                  Ended September 30,
                                                  2003             2002              2003               2002
                                                 ----------       ----------         ----------         ----------
General and administrative
    expense                                      $      750       $      775         $    2,700         $      775
                                                 ----------       ----------         ----------         ----------
       NET LOSS                                  $     (750)      $     (775)        $   (2,700)        $     (775)
                                                 ==========       ==========         ==========         ==========

Basic and diluted loss
    per common share                                  $(.00)            $.00              $(.00)              $.00
Weighted average common
    shares outstanding                            2,354,047        2,354,047          2,354,047          2,354,047

                                      F-2

**UNIVERSAL LIFE HOLDING CORPORATION
                            STATEMENTS OF CASH FLOWS
                  Nine Months Ended September 30, 2003 and 2002**

                                                           2003                      2002
                                                         --------                   --------
CASH FLOWS FROM OPERATING ACTIVITIES
    Net loss                                            $ (2,700)                  $   (775)
  Adjustments to reconcile net loss to net cash
    used in operating activities:
    Changes in:
    Accounts payable                                         750
                                                         --------                   --------
NET CASH USED IN OPERATING ACTIVITIES                     (1,950)                      (775)
                                                         --------                   --------

CASH FLOWS FROM FINANCING ACTIVITIES
    Expenses paid by shareholder contributed
      to capital                                           1,950                        775
                                                         --------                   --------
NET CHANGE IN CASH                                             0                          0

CASH BALANCES
    -Beginning of period                                       0                          0
                                                         --------                   --------
    -End of period                                      $      0                   $      0
                                                         ========                   ========

                                      F-3

**UNIVERSAL LIFE HOLDING CORPORATION
                          NOTES TO FINANCIAL STATEMENTS****NOTE 1 - BASIS OF PRESENTATION**

The accompanying unaudited interim financial statements of Universal Life
Holding Corporation ("Universal Life") have been prepared in accordance with
accounting principles generally accepted in the United States of America and the
rules of the Securities and Exchange Commission ("SEC"), and should be read in
conjunction with the audited financial statements and notes thereto contained in
Universal Life's Annual Report filed with the SEC on Form 10-KSB.  In the
opinion of management, all adjustments, consisting of normal recurring
adjustments, necessary for a fair presentation of financial position and the
results of operations for the interim periods presented have been reflected
herein.  The results of operations for interim are not necessarily indicative of
the results to be expected for the full year.  Notes to the financial statements
which would substantially duplicate the disclosure contained in the audited
financial statements for 2002 as reported in the 10-KSB have been omitted.
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