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 March 31, 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:

                                  May 10, 2001

                            Common - 8,600,000 shares

                       DOCUMENTS INCORPORATED BY REFERENCE

                                      None

    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
                                 March 31, 2001
                                   (Unaudited)


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


                                                                           Index

Balance  Sheets                                                         F-1

Statements  of  Operations                                              F-2

Statements  of  Cash  Flows                                             F-3

Notes  to  the  Financial  Statements                                   F-4


<PAGE>
<TABLE>
<CAPTION>
Dynamic  Ventures  Inc.
(A  Development  Stage  Company)
Balance  Sheets
(expressed  in  U.S.  dollars)


                                                                   March 31,   December 31,
                                                                     2001          2000
                                                                      $             $
                                                                  (unaudited)   (audited)
<S>                                                               <C>          <C>

                             Asset
Current Asset
  Cash                                                               109,960            996
                                                                  ===========  =============


                          Liabilities
Current Liabilities
  Accounts payable                                                     3,185              -
  Accrued liabilities                                                  2,250            953
  Note payable (Note 4)                                              100,000         15,000
                                                                  -----------  -------------
                                                                     105,435         15,953
                                                                  -----------  -------------

                     Stockholders' Equity

Stockholders' Equity (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                     (81,475)       (60,957)
                                                                  -----------  -------------
                                                                       4,525        (14,957)
                                                                  -----------  -------------
                                                                     109,960            996
                                                                  ===========  =============
</TABLE>

Contingent  Liability  (Note  1)
Commitment  (Notes 3 and 5)


                                      F-1
<PAGE>
<TABLE>
<CAPTION>
Dynamic  Ventures  Inc.
(A  Development  Stage  Company)
Statements  of  Operations
(expressed  in  U.S.  dollars)


                                              Accumulated from          For the          From April 10, 2000
                                              April 10, 2000 to    three months ended    (Date of Inception)
                                               March 31, 2001        March 31, 2001      to December 31, 2000
                                                      $                    $                      $
                                                 (unaudited)          (unaudited)             (audited)
<S>                                          <C>                  <C>                   <C>
Revenue                                                       -                     -                       -
                                             -------------------  --------------------  ----------------------

Expenses
  Amortization of license                                 4,125                     -                   4,125
  Audit and accounting                                    1,397                   297                   1,100
  Bank charges                                              459                     -                     459
  Consulting (Note 5)                                    20,569                11,357                   9,212
  Foreign exchange/(loss)                                   912                   912                       -
  Interest                                                2,365                 1,912                     453
  License written-off                                    20,625                     -                  20,625
  Market research                                         1,500                     -                   1,500
  Office and telephone                                    6,259                 5,101                   1,158
  Organizational expenses and offering costs             11,000                     -                  11,000
  Transfer agent and filing fees                          2,015                   940                   1,075
                                             -------------------  --------------------  ----------------------
Net Loss                                                (71,226)              (20,519)                (50,707)
                                             ===================  ====================  ======================

Net Loss Per Share - Basic                                                     (0.004)                  (.011)
                                                                  ====================  ======================

Weighted Average Shares Outstanding                                         5,845,000               4,600,000
                                                                  ====================  ======================
</TABLE>

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


                                      F-2
<PAGE>
<TABLE>
<CAPTION>
Dynamic  Ventures  Inc.
(A  Development  Stage  Company)
Statements  of  Cash  Flows
(expressed  in  U.S.  dollars)


                                                                For the          From April 10, 2000
                                                           three months ended    (Date of Inception)
                                                             March 31, 2001      to December 31, 2000
                                                                   $                      $
                                                              (unaudited)             (audited)
<S>                                                       <C>                   <C>
Cash Flows to Operating Activities
  Net loss                                                            (20,519)                (50,707)
  Non-cash items
    Amortization of license                                                 -                   4,125
    License written-off                                                     -                  20,625
    Organizational expenses and offering costs                              -                  11,000
    Accounts payable and accrued liabilities                            4,483                     953
                                                           -------------------  ----------------------
Net Cash Used by Operating Activities                                 (16,036)                (14,004)
                                                           -------------------  ----------------------
Cash Flows from Financing Activities
  Notes payable; net of repayments                                     85,000                  15,000
  Issuance of common shares                                            40,000                       -
                                                           -------------------  ----------------------
Net Cash Provided by Financing Activities                             125,000                  15,000
                                                           -------------------  ----------------------

Change in cash                                                        108,964                     996
Cash - beginning of period                                                996                       -
                                                           -------------------  ----------------------

Cash - end of period                                                  109,960                     996
                                                           ===================  ======================
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


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


                                      F-3
<PAGE>
                                                                            -                  35,750
                                                           ===================  ======================

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

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


                                      F-4
<PAGE>
Dynamic  Ventures  Inc.
(A  Development  Stage  Company)
Notes  to  the  Financial  Statements
(expressed  in  U.S.  dollars)
(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  quarter.

2.   Summary  of  Significant  Accounting  Policies

     (a)  Year  end

          The  Company's  fiscal  year  end  is  December  31.

     (b)  License

          The  cost  to  acquire  a  license  was capitalized. The costs will be
          amortized  on  a  straight-line  basis  over  three  years.

          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.

     (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

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


                                      F-5
<PAGE>
          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.

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


                                      F-6
<PAGE>
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  to  market vitamins, minerals,
     nutritional supplements and other health and fitness products in the States
     of  Nevada and Utah, through the Grantor's Web Site. The Company desires to
     market  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. The license was
     acquired  on April 10, 2000 for a term of three years. The Company must pay
     an  annual fee of $500 for maintenance of the Grantor's Web Site commencing
     on  the  anniversary  date.  The  Grantor of the license retains 50% of the
     profits.  The  license  was  written-off  to operations. However, it is the
     Company's  intention  to  determine  if  it  is  economically  feasible  to
     commercially  exploit a business plan. See Note 5 for consideration paid to
     a  related  party  for  the  assignment  of  this  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  quarter.

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  $10,000 (2000 - $9,000) in consulting fees to a Company
     controlled  by  the  sole director and President of the Company. Consulting
     fees  of  $5,000  per  month  is  payable  to  this  company.


                                      F-7
<PAGE>
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 March 31,
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.  The  Company's business plan is to determine the feasibility of
marketing  the Vitamineralherb products in various markets, and, if the products
prove  to  be  in  demand, begin marketing and selling Vitamineralherb products.

Liquidity
---------

Dynamic  Ventures Inc. remains in the development stage and, since inception has
suffered losses to March 31, 2001. At March 31, 2001 the accumulated deficit was
$71,226  and  the  working  capital  deficit  was  $4,525.  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 three months ended March 31, 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 determine the feasibility of selling
Vitamineralherb.com  products  to  targeted  markets in the States of Nevada and
Utah.  In  order  to  determine  the  feasibility  of its business plan, Dynamic
Ventures  Inc.  plans,  during  the next twelve months, to conduct research into
these  various  potential target markets. Should Dynamic Ventures Inc. determine
that  the exploitation of the license is feasible, it will engage salespeople to
market  the  products.  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.

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  10%  and  is due on August 7, 2001. 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


                                      F-8
<PAGE>
$15,000  and  fund its operating cash short fall of $17,000. This resulted in an
increased  cash  position  of  $109,000 to a positive cash position of $110,000.

In  addition,  Dynamic  Ventures  Inc.  may engage in a combination with another
business.  Dynamic Ventures Inc. has engaged in discussions concerning potential
business  combinations,  but  has  not  entered  into  any  agreement for such a
combination.

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:  May 14, 2001                   By:  /s/  Eric  Boehnke
       ------------                   ------------------------------------------
                                      Eric Boehnke, President, Secretary, Chief
                                      Financial and Accounting Officer, Director


                                      F-9
<PAGE>