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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 JUNE 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 June 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 June30, 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 March 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 June 30, 2003.

**Item 3. Defaults Upon Senior Securities**

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

**Item 5. Other Information**

     Not applicable.

**Item 6. Exhibits**

     Not applicable.

                                   **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: August 11, 2003                      By:  /s/ Frederic S. Richardson
                                               --------------------------
                                                    Frederic Richardson,
                                                    President and Director
                                                    (Principal Financial and
                                                    Accounting Officer)

Date: August 11, 2003                      By:  /s/ Max Apple
                                              ----------------
                                                    Max Apple
                                                    Secretary and Director

                                 CERTIFICATIONS

I, Frederic S. Richardson, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of Universal Life
     Holding Corporation;

2.   Based on my knowledge, this quarterly report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the registrant as of, and for, the periods presented in this
     quarterly  report;

4.   The registrant's other certifying officer and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

        (a)   designed such disclosure controls and procedures to ensure that
              material information relating to the registrant is made known to
              us by others, particularly during the period in which this
              quarterly  report is being prepared;
        (b)   evaluated the effectiveness of the registrant's disclosure
              controls and procedures as of a date within 90 days prior to the
              filing date of this quarterly  report (the Evaluation Date); and
        (c)   presented in this quarterly  report our conclusions about the
              effectiveness of the disclosure controls and procedures based on
              our evaluation as of the Evaluation Date;

5.   The registrant's other certifying officer and I have disclosed, based on
     our most recent evaluation, to the registrant's auditors and the audit
     committee of registrant's board of directors;

        (a)   all significant deficiencies in the design or operation of
              internal controls which could adversely affect the registrant's
              ability to record, process, summarize and report financial data
              and have identified for the registrant's auditors any material
              weaknesses in internal controls; and
        (b)   any fraud, whether or not material, that involves management or
              other employees who have a significant role in the registrant's
              internal controls; and

6.   The registrant's other certifying officer and I have indicated in this
     quarterly  report whether or not there were significant changes in internal
     controls or in other factors that could significantly affect internal
     controls subsequent to the date of our most recent evaluation, including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

Date: August 11, 2003

/s/ Frederic S. Richardson
    Frederic S. Richardson
    Chief Executive Officer &
    Chief Finanical Officer

**APPENDIX A
                         Unaudited Financial Statements**

                      UNIVERSAL LIFE HOLDING CORPORATION

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

                       **UNIVERSAL LIFE HOLDING CORPORATION
                                  BALANCE SHEET
                                  June 30, 2003****ASSETS                                                               $         0
                                                                     ===========

**LIABILITIES AND STOCKHOLDERS' DEFICIT****LIABILITIES**                                                          $         0

**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                                               (1,178,974)
                                                                     -----------
       Total Stockholders' Deficit                                             0
                                                                     -----------
       **TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT**                   $         0
                                                                     ===========

                                      F-1

**NIVERSAL LIFE HOLDING CORPORATION
                             STATEMENTS OF EXPENSES
            Three Months and Six Months Ended June 30, 2003 and 2002**

                                      Three Months                 Six Months
                                     Ended June 30,               Ended June 30,
                                  2003         2002           2003            2002
                               ----------    ----------     ----------     ----------
General and administrative
    expense                    $      750    $        0     $    1,950     $        0
                               ----------    ----------     ----------     ----------
       NET LOSS                $     (750)   $        0     $   (1,950)    $        0
                               ==========    ==========     ==========     ==========

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

**NIVERSAL LIFE HOLDING CORPORATION
                            STATEMENTS OF CASH FLOWS
                     Six Months Ended June 30, 2003 and 2002**

                                                     2003         2002
                                                   --------     --------
**CASH FLOWS FROM OPERATING ACTIVITIES**
    Net loss                                       $ (1,950)    $      0
                                                   --------     --------
**NET CASH USED IN OPERATING ACTIVITIES**                (1,950)           0
                                                   --------     --------

**CASH FLOWS FROM FINANCING ACTIVITIES**
    Expenses paid by shareholder contributed
      to capital                                      1,950            0
                                                   --------     --------
**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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