U. S. Securities and Exchange Commission
                             Washington, D. C. 20549

                                   FORM 10-QSB
(Mark  One)
[X]       QUARTERLY  REPORT  UNDER  SECTION  13  OR  15(d)  OF  THE  SECURITIES
          EXCHANGE  ACT  OF  1934

For  the  quarter  ended  September  30,  2001
                          --------------------

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

For  the  transition  period  from              to
                                   -------------   -------------
Commission  File  No.  000-32217
                       ---------

                              Dynamic Ventures Inc.
                 ----------------------------------------------
                 (Name of Small Business Issuer in its Charter)

           Washington                                       91-2023525
-----------------------------------                     -------------------
(State  or  Other  Jurisdiction  of                     (I.R.S.  Employer
incorporation  or  organization)                        Identification  No)

                               1820 Fulton Avenue
                          West Vancouver, BC   V7V 1S9
                 ----------------------------------------------
                    (Address of Principal Executive Offices)

                                 (360) 392-3950
                 ----------------------------------------------
                            Issuer's Telephone Number

                                       N/A
                 ----------------------------------------------
          (Former Name or Former Address, if changed since last Report)

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  Company  was required to file such reports), and (2) has been
subject  to  such  filing  requirements  for  the  past  90  days.
               (1)  Yes  X  No         (2)  Yes  X  No
                        ---    ---              ---    ---
     (ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)

                                 Not applicable

                     (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  practicable  date:

                                November 12, 2001

                            Common - 8,600,000 shares

                       DOCUMENTS INCORPORATED BY REFERENCE

A description of any "Documents Incorporated by Reference" is contained in Item
6 of this Report.
    Transitional Small Business Issuer Format     Yes X  No
                                                     ---   ---


<PAGE>
PART  I  -  FINANCIAL  INFORMATION

Item  1.   Financial  Statements.

The  Financial  Statements  of the Company required to be filed with this 10-QSB
Quarterly Report were prepared by management and commence on the following page,
together  with  related  Notes.  In  the  opinion  of  management, the Financial
Statements  fairly  present  the  financial  condition  of  the  Company.

                              Dynamic Ventures Inc.
                          (A Development Stage Company)
                          Interim Financial Statements
                               September 30, 2001
                                   (unaudited)



INDEX


Balance  Sheets                                                        F-1

Statements  of  Operations                                             F-2

Statements  of  Cash  Flows                                            F-3

Notes  to  the  Financial  Statements                                  F-4



<PAGE>
Dynamic  Ventures  Inc.
(A  Development  Stage  Company)
Balance  Sheets

<TABLE>
<CAPTION>


                                                                   September 30,   December 31,
                                                                       2001            2000
                                                                         $              $
                                                                    (unaudited)     (audited)

                                      Asset
<S>                                                               <C>              <C>
Current Asset
     Cash                                                                 83,075            996
                                                                      ----------    ------------
Total Asset                                                               83,075            996
                                                                      ==========    ============

                                  Liabilities
Current Liabilities
     Accounts payable                                                      1,050              -
     Accrued liabilities                                                   8,000            953
     Note payable (Note 4)                                               100,000         15,000
                                                                      ----------    ------------

Total Liabilities                                                        109,050         15,953
                                                                      ----------    ------------


                              Stockholders' Deficit

Stockholders' Deficit
Common Stock, 100,000,000 common shares authorized
     with a par value of $.0001; 8,600,000 and 4,600,000
     common shares issued and outstanding respectively                       860            460
Additional Paid in Capital                                                85,140         45,540
                                                                      ----------    ------------

                                                                          86,000         46,000
                                                                      ----------    ------------

Preferred Stock, 20,000,000 preferred shares authorized with a
     par value of $.0001; none issued                                          -              -
                                                                      ----------    ------------

Deficit Accumulated During the Development Stage                        (111,975)       (60,957)
                                                                      ----------    ------------

Total Deficit                                                            (25,975)       (14,957)
                                                                      ----------    ------------

Total Liabilities and Stockholders' Deficit                               83,075            996
                                                                      ==========    ============
</TABLE>
Contingent  Liability  (Note  1)
Commitment  (Notes  3  and  5)


                                      F-1
                    (The accompanying notes are an integral
                        part of the financial statements)
<PAGE>
Dynamic  Ventures  Inc.
(A  Development  Stage  Company)
Statements  of  Operations
(unaudited)

<TABLE>
<CAPTION>



                                      Accumulated from     For the three    For the three    For the nine     From April 10, 2000
                                      April 10, 2000 to    months ended     months ended     months ended     (Date of Inception)
                                        September 30,      September 30,    September 30,    September 30,     to September 30,
                                            2001               2001             2000             2001                2000
                                              $                  $                $                $                   $
<S>                                  <C>                  <C>              <C>              <C>              <C>
Revenue                                               -                -                -                -                      -
                                       ----------------    -------------    -------------    -------------    --------------------
Expenses
    Amortization of license                       4,125                -            2,062                -                  4,125
    Audit and accounting                         14,113            7,492                -           13,013                      -
    Bank charges                                    459                -              226                -                    226
    Consulting (Note 5)                          30,318                -            4,500           21,106                  4,500
    Foreign exchange/(loss)                         992              230                -              992                      -
    Interest                                      7,216            2,609                -            6,763                      -
    License written-off                          20,625                -                -                -                      -
    Market research                               1,500                -                -                -                      -
    Office and telephone                          8,437              682              469            7,279                    469
Organizational expenses and
    offering costs                               11,000                -                -                -                 11,000
    Transfer agent and filing fees                2,940               10                -            1,865                      -
                                       -----------------    -------------    -------------    -------------    -------------------

Net Loss                                       (101,725)         (11,023)          (7,257)         (51,018)               (20,320)
                                       =================    =============    =============    =============    ===================

Net Loss Per Share - Basic                                          (.01)            (.01)            (.01)                  (.01)
                                                            =============    =============    =============    ===================

Weighted Average Shares
 Outstanding                                                    8,600,000        4,600,000        8,600,000             4,600,000
                                                            =============    =============    =============    ===================
</TABLE>


                                      F-2
                    (The accompanying notes are an integral
                        part of the financial statements)
<PAGE>
Dynamic  Ventures  Inc.
(A  Development  Stage  Company)
Statements  of  Cash  Flows
(unaudited)

<TABLE>
<CAPTION>


                                                             For the nine        From April 10, 2000
                                                             months  ended       (Date of Inception)
                                                          September 30, 2001    to September 30, 2000
                                                                 $                       $
<S>                                                     <C>                   <C>
Cash Flows to Operating Activities
  Net loss                                                          (51,018)                 (20,320)
  Non-cash items
    Amortization of license                                               -                    4,125
    Organizational expenses and offering costs                            -                   11,000
    Accounts payable and accrued liabilities                          8,097                        -
                                                                ------------           --------------
Net Cash Used by Operating Activities                               (42,921)                  (5,195)
                                                                ------------           --------------

Cash Flows from Financing Activities
  Notes payable; net of repayments                                   85,000                   10,000
  Issuance of common shares                                          40,000                        -
                                                                ------------           --------------

Net Cash Provided by Financing Activities                           125,000                   10,000
                                                                ------------           --------------

Change in cash                                                       82,079                    4,805
Cash - beginning of period                                              996                        -
                                                                ------------           --------------

Cash - end of period                                                 83,075                    4,805
                                                                ============           ==============

Non-Cash Financing Activities
  A total of 3,500,000 shares were issued to a director
  at a fair market value of $0.01 per share for the
  acquisition of a License (Note 3)                                       -                   35,000
  Less dividend deemed paid (Note 4)                                      -                  (10,250)
  A total of 1,100,000 shares were issued to a director
  for organizational expenses and offering costs at a
  fair market value of $0.01 per share                                    -                   11,000
                                                                ------------           --------------

                                                                          -                   35,750
                                                                ============           ==============

Supplemental Disclosures
  Interest paid                                                           -                        -
  Income tax paid                                                         -                        -
</TABLE>


                                      F-3
                    (The accompanying notes are an integral
                        part of the financial statements)

<PAGE>
Dynamic  Ventures  Inc.
(A  Development  Stage  Company)
Notes  to  the  Financial  Statements
(unaudited)


1.   Development  Stage  Company

     Dynamic  Ventures Inc. herein (the "Company") was incorporated in the State
     of  Washington, U.S.A. on April 10, 2000. The Company acquired a license to
     market  and  distribute  vitamins,  minerals,  nutritional supplements, and
     other  health  and  fitness  products in the States of Nevada and Utah. The
     grantor  of  the  license  offers  these  products  for  sale  from various
     suppliers  on  their  Web  Site.

     The  Company  is  in the development stage. In a development stage company,
     management  devotes  most  of its activities in developing a market for its
     products.  Planned  principal activities have not yet begun. The ability of
     the  Company  to  emerge  from  the  development  stage with respect to any
     planned  principal  business  activity  is  dependent  upon  its successful
     efforts  to  raise  additional  equity  financing  and/or attain profitable
     operations.  There  is  no guarantee that the Company will be able to raise
     further  equity financing or sell any of its products at a profit. There is
     substantial  doubt  regarding  the Company's ability to continue as a going
     concern.

     The  Company  filed an SB-2 Registration Statement with the U.S. Securities
     Exchange  Commission  and  was  declared  effective on January 5, 2001. The
     Company  completed  an offering and issued 4,000,000 common shares at $0.01
     for  cash  proceeds  of  $40,000.

     The  Company  received  $100,000 from a company controlled by the President
     pursuant  to  a  note  payable  secured  by all corporate property, bearing
     interest  at  12% and due on January 29, 2002. Two notes, totalling $15,000
     were  repaid  during  the  first  quarter  ended  March  31,  2001.


2.   Summary  of  Significant  Accounting  Policies

     (a)  Year  end

          The  Company's  fiscal  year  end  is  December  31.

     (b)  License

          The  cost  to  acquire  the  License  was  capitalized.

          The  carrying  value  of  the  License  is evaluated in each reporting
          period  to determine if there were events or circumstances which would
          indicate  a  possible  inability  to recover the carrying amount. Such
          evaluation  is  based  on  various  analyses  including  assessing the
          Company's  ability  to  bring  the  commercial applications to market,
          related profitability projections and undiscounted cash flows relating
          to  each application which necessarily involves significant management
          judgment.  Where  an  impairment loss has been determined the carrying
          amount  is  written-down  to  fair  market value. Fair market value is
          determined  as  the  amount  at  which  the license could be sold in a
          current  transaction  between  willing  parties.  The License has been
          written-off  to  operations due to the lack of historical cash flow of
          the  license  and  lack  of  a  market  to  resell  the  license.

     (c)  Cash  and  Cash  Equivalents

          The Company considers all highly liquid instruments with a maturity of
          three  months  or less at the time of issuance to be cash equivalents.

     (d)  Revenue  Recognition

          The  Company will receive from the Grantor of the license, commissions
          of  one-half of all the profit on all sales made through the Grantor's
          Web  Site. The commission revenue will be recognized in the period the
          sales have occurred. The Company will report the commission revenue on
          a  net  basis as the Company is acting as an Agent for the Grantor and
          does not assume any risks or rewards of the ownership of the products.
          This  policy  is  prospective  in  nature  as  the Company has not yet
          generated  any  revenue.


                                      F-4

<PAGE>
Dynamic  Ventures  Inc.
(A  Development  Stage  Company)
Notes  to  the  Financial  Statements
(unaudited)

2.   Summary  of  Significant  Accounting  Policies  (continued)

     (e)  Use  of  Estimates

          The  preparation  of financial statements in conformity with generally
          accepted  accounting  principles requires management to make estimates
          and  assumptions  that  affect  the  reported  amounts  of  assets and
          liabilities and disclosure of contingent assets and liabilities at the
          date  of the financial statements and the reported amounts of revenues
          and  expenses  during  the  periods.  Actual results could differ from
          those  estimates.

     (f)  Interim  Financial  Statements

          These interim unaudited financial statements have been prepared on the
          same  basis  as  the annual financial statements and in the opinion of
          management,  reflect  all  adjustments,  which  include  only  normal
          recurring  adjustments,  necessary  to  present  fairly  the Company's
          financial  position,  results  of  operations  and  cash flows for the
          periods  shown.  The  results  of  operations for such periods are not
          necessarily  indicative of the results expected for a full year or for
          any  future  period.


3.   License

     The  Company's  only  asset  is a license acquired from Vitamineralherb.com
     Corp. (the "Grantor") to market vitamins, minerals, nutritional supplements
     and  other  health and fitness products through the Grantor's Web Site. The
     Company  will  market  and sell via the Internet, these products to medical
     practitioners,  alternative  health professionals, martial arts studios and
     instructors,  sports  and  fitness  trainers,  other  health  and  fitness
     practitioners,  school  and  other  fund raising programs and other similar
     types  of  customers  in Nevada and Utah. The license was acquired on April
     10,  2000  for  a  term  of  three years. The license will be automatically
     renewed  unless  the  Company  or the Grantor gives the other notice not to
     renew.  The  minimum  order  quantity  is  100  bottles per formulation for
     standard  products  and  5,000 units for customer formulas. The Grantor has
     agreed  to provide certain business administrative services to the Company,
     including  product  development,  store  inventory,  Web  Site creation and
     maintenance  of an order fulfilment system, thereby enabling the Company to
     focus  strictly  on marketing and sales. Some services, such as development
     of  the  Web  Site and the order fulfilment system, will be provided by the
     Grantor,  while  others,  such  as product development and store inventory,
     will  be  provided  by the product supplier. The Grantor sets the price for
     products  based  on  the  manufacturer's  price,  plus  a mark up which the
     Grantor  and  the Company share equally. The Company must pay an annual fee
     of  $500  for  maintenance  of  the  Grantor's  Web  Site commencing on the
     anniversary  date.

     The  Company  issued  3,500,000 shares to the sole director for total share
     consideration  of  $35,000. See Note 5.

     The  License  has  been  written-off  to  operations  due  to  the  lack of
     historical  cash  flow  and  lack  of  a  market  to  resell  the  license.


4.   Notes  Payable

     The  Company  received  $100,000 from a company controlled by the President
     pursuant  to  a  note  payable  secured  by all corporate property, bearing
     interest  at  12% and due on January 29, 2002. Two notes, totalling $15,000
     were  repaid  during  the  first  quarter  ended  March  31,  2001.


                                      F-5
<PAGE>
Dynamic  Ventures  Inc.
(A  Development  Stage  Company)
Notes  to  the  Financial  Statements
(unaudited)



5.   Related  Party  Transactions

     The  License  referred to in Note 3 was assigned to the Company by the sole
     director and President of the Company for consideration of 3,500,000 shares
     having  a  fair market value of $35,000. The Company has estimated the cost
     of  the  license  to  its President at $24,750. The estimate is based on an
     allocation  of  the  President's cash outlay of $33,000 for common stock of
     K-2  Logistics.com  Inc.,  by  virtue  of  which the President obtained the
     license  as  well  as his continued ownership of K-2 Logistics.com Inc. The
     fair  market value of $35,000, based on recent comparable transactions, was
     allocated at a par value of $350 and additional paid in capital of $34,650.
     The  excess  of  fair market value over predecessor cost, being $10,250, is
     treated  as  a  dividend.  The Grantor of the License is not related to the
     Company.

     The  Company  issued  1,100,000  shares having a fair market value of $0.01
     each  to  the  President  of  the  Company  for organizational expenses and
     offering  costs  in  the  amount  of  $11,000.

     The  Company  paid CAD$27,500 in consulting fees to a Company controlled by
     the  sole  director  and  President  of  the  Company.


                                      F-6
<PAGE>
Dynamic  Ventures  Inc.
(A  Development  Stage  Company)
Notes  to  the  Financial  Statements
(unaudited)

Item  2.  Management  Discussion  and  Analysis  or  Plan  of  Operation

The  following  discussion and analysis of the Company's financial condition and
results  of  operations  should  be  read  in  conjunction  with  the  Financial
Statements  and accompanying notes and the other financial information appearing
elsewhere  in  this  Form  10-QSB.  This  Form  10-QSB  contains, in addition to
historical  information,  forward-looking  statements  that  involve  risks  and
uncertainties. Actual results could differ materially from the results discussed
in  the  forward-looking  statements.  Factors that could cause or contribute to
such  differences  include  those  discussed  below,  as well as those discussed
elsewhere  in  this  Form  10-QSB.

Results  of  Operations
-----------------------
During  the period from April 10, 2000 (date of inception) through September 30,
2001,  the  Company  has  engaged  in  no  significant  operations  other  than
organizational  activities  and  acquisition  of  the  rights  to  market
Vitamineralherb  products.  No revenues were received by the Company during this
period.

For  the  current  fiscal  year,  the  Company anticipates incurring a loss as a
result  of expenses associated with an SB-2 Registration Statement, and expenses
associated  with  setting  up  a  company  structure  to  begin implementing its
business  plan. In late 2000, the Company completed a market survey to determine
its  core  target  market  from  amongst  the  potential  clients  under  its
Vitamineralherb.com  license.  The  Company now plans to hire commissioned sales
staff,  establish  an  office,  advertise,  and  begin  making  sales.

Liquidity
---------
Dynamic  Ventures Inc. remains in the development stage and, since inception has
suffered  losses  to  September  30, 2001. At September 30, 2001 the accumulated
deficit  was  $111,975 and the working capital deficit was $25,975. We expect to
incur  substantial  operating  losses  for  the  near  term.

During the previous year, Dynamic Ventures Inc. issued notes payable in exchange
for  $15,000  cash.  The  notes  payable were secured by all corporate property,
bearing  interest  at  10%  and  due on August 7, 2001. The notes were issued to
Allied  Growth Inc., a company that is not affiliated with Dynamic Ventures Inc.
or  its  principals. The proceeds were being used to cover the cash requirements
on  the  day-to-day  operating  expenses  of  Dynamic  Ventures  Inc.

During  the nine months ended September 30, 2001 Dynamic Ventures Inc. completed
an  offering  pursuant  to an SB-2 Registration Statement, and raised $40,000 by
issuing  4,000,000  common  shares.  Dynamic  Ventures Inc. retired the notes to
Allied  Growth  Inc.

Dynamic  Ventures  Inc.'s  business  plan  is to market and distribute vitamins,
minerals,  nutritional supplements, and other health and fitness products in the
States  of Nevada and Utah via the internet. Dynamic Ventures Inc. believes that
during  its  first  operational  quarter,  it  will  need  a capital infusion of
approximately  $55,000  to  achieve  a  sustainable  sales  level  where ongoing
operations  can  be funded out of revenues. This capital infusion is intended to
cover  costs  of  advertising,  hiring  and  paying  two  salespeople,  and
administrative  expenses.  In  addition,  Dynamic  Ventures  Inc.  will  need
approximately  $260,000  in the event it determines that its market will not pay
in advance and it will have to extend credit. Dynamic Ventures Inc. will have to
obtain  additional  financing  through  an  offering or capital contributions by
current  shareholders.

In  the  process  of  carrying  out its business plan, Dynamic Ventures Inc. may
determine it cannot raise sufficient capital to support the vitamin distribution
business,  in which case it may enter into a new line of business or engage in a
business  combination  with  another  business.

On January 29, 2001, Dynamic Ventures Inc. issued a note payable in exchange for
$100,000  cash.  The  note  payable  is secured by all corporate property, bears
interest  at  12%  and is due on January 29 2002. The note was issued to Big Sky
Management,  a  company that is controlled by the sole director and President of
the  Company.  The proceeds are being used to cover the cash requirements of the
day-to-day  operating  expenses  and  implementing  the business plan of Dynamic
Ventures  Inc.

Dynamic  Ventures  Inc.  will  need additional capital to carry out its business
plan  or  to  engage  in  a  business  combination.  No  commitments  to provide
additional  funds  have  been  made  by  management  or  other  shareholders.
Accordingly,  there  can  be  no  assurance  that  any  additional funds will be
available  on  terms  acceptable  to  Dynamic  Ventures  Inc. or at all. Dynamic
Ventures  Inc.  has  no  commitments  for  capital  expenditures.

With our beginning cash position of $1,000 along with cash received of $140,000,
generated  by  issuing  equity  securities  of  $40,000  and  a  note payable of
$100,000,  the  Company  was  able  to  retire  its existing note obligations of
$15,000  and  fund its operating cash short fall of $43,000. This resulted in an
increased  cash  position  of  $82,000  to  a positive cash position of $83,000.


<PAGE>
Dynamic  Ventures  Inc.
(A  Development  Stage  Company)
Notes  to  the  Financial  Statements
(unaudited)


PART  II  -  OTHER  INFORMATION



SIGNATURES

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  thereunto  duly  authorized.

                                          Dynamic  Ventures  Inc.


Date:  November 13, 2001                  By  /s/
      ------------------                      -------------------------------
                                              Eric  Boehnke, President,
                                              Secretary, Chief Financial and
                                              Accounting  Office,  Director


<PAGE>