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 June 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                           87-053546
(State or other jurisdiction of    (IRS Employer Identification No.)
incorporation or organization)

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

                          888-748-0055
                   (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 June 30, 2001: 1,250,000  shares
of common stock.


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

<PAGE>

                           FORM 10-QSB
                   SHORESIDE INVESTMENTS, INC.

                              INDEX
                                                       Page
PART I.   Financial Information

          Item I.  Financial Statements (unaudited)       3

          Independent Accountant's Review Report          4

          Condensed Balance Sheets - June 30,  2001       5
          (unaudited) and December 31, 2000

          Condensed    Statements   of   Operations       6
          (unaudited) for the Six Months Ended June
          30,  2001 and 2000, and Cumulative During
          the Development Stage

          Statements of Cash Flows (unaudited)  for       7
          the  Six  Months Ended June 30, 2001  and
          2000,    and   Cumulative   During    the
          Development Stage

          Notes     to    Consolidated    Financial       9
          Statements

          Item  2.   Management's  Discussion   and      10
          Analysis of Financial Condition

          Other Information

          Item 6.  Exhibits and Reports on Form 8-K      11

          Signatures                                     11

(Inapplicable items have been omitted)

                                     2
<PAGE>

                             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  the  periods presented.  The results of operations  for  the
periods  presented are not necessarily indicative of the  results
to be expected for the full year.

                                     3
<PAGE>

INDEPENDENT ACCOUNTANT'S REVIEW REPORT


Board of Directors and Stockholders
SHORESIDE INVESTMENTS, INC.

I  have  reviewed  the accompanying balance  sheet  of  Shoreside
Investments, Inc. (a development stage company) as  of  June  30,
2001, and the related statements of operations and cash flows for
the  six  and three month periods ended June 30, 2001  and  2000.
These   financial  statements  are  the  responsibility  of   the
management of Shoreside Investments, Inc.

I conducted my review in accordance with standards established by
the American Institute of Certified Public Accountants.  A review
of  interim financial statements consists principally of applying
analytical  procedures to financial data and making inquiries  of
persons responsible for financial and accounting matters.  It  is
substantially less in scope than an audit conducted in accordance
with  generally  accepted auditing standards,  the  objective  of
which  is  the  expression of an opinion regarding the  financial
statements taken as a whole.  Accordingly, I do not express  such
an opinion.

Based  on by review, I am not aware of any material modifications
that  should be made to the accompanying financial statements  in
order  for  them  to  be  in conformity with  generally  accepted
accounting  principles.


/s/ David T. Thomson, P.C.
Salt Lake City,  Utah
August 15, 2001

                                     4
<PAGE>

SHORESIDE INVESTMENTS, INC.
(A Development Stage Company)

BALANCE SHEETS
ASSETS

                                        June 30,     December 31,
                                          2001          2000
                                      (Unaudited)

CURRENT ASSETS:
     Cash                               $     662    $   7,063
     Prepaid expenses                       4,262          334

             Total Current Assets           4,924        7,397

PROPERTY
     Building lot                          76,700       76,700
     Condominium, less depreciation
      of $5,179 and $2,589                172,821      175,411

            Total Property                249,521      252,111

TOTAL ASSETS
                                        $ 254,445    $ 259,508
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
     Accounts payable                   $       -    $     497
     Franchise taxes payable                    -          100
     Advances from stockholders            10,153        7,205
     Other accrued liabilities              7,478        5,279
     Notes payable - current portion       51,569       51,790

       Total Current Liabilities           69,200       64,871

NONCURRENT LIABILITIES
 Notes payable - less current portion     117,991      119,008

STOCKHOLDERS' EQUITY (DEFICIT):
  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              105,704      100,704
  Deficit accumulated during the
   development stage                      (39,700)     (26,325)

   Total Stockholders' Equity (Deficit)    67,254       75,629

TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY                                  $ 254,445    $ 259,508

                                     5
<PAGE>

SHORESIDE
INVESTMENTS, INC.
(A Development
Stage Company)

STATEMENTS OF
OPERATIONS
(Unaudited)
<TABLE>
<CAPTION>
                                  For The     For The        For The        For The
                               Three Months Three Months   Six Months    Six Months      Cumulative
                                  Ended        Ended          Ended         Ended         During The
                                 June 30,     June 30,       June 30,      June 30,      Development
                                   2001         2000           2001          2000           Stage
<S>                            <C>           <C>           <C>           <C>            <C>
REVENUE
     Rent income               $        -    $        -    $    5,233    $         -    $   5,233

EXPENSES:
     General and administrative     1,266         2,851         4,390          3,464       16,083
     Depreciation expense           1,295             -         2,590              -        5,179
     Property expenses              2,719             -         4,213              -        9,054
     Property interest              3,512             -         7,415              -       13,823
     Franchise tax expense              -             -             -              -          794

          Total Expenses            8,792         2,851        18,608          3,464       44,933

NET (LOSS) BEFORE TAXES            (8,792)       (2,851)      (13,375)        (3,464)     (39,700)

     Provision for income taxes         -             -             -              -            -

NET (LOSS)                     $   (8,792)   $   (2,851)   $  (13,375)   $    (3,464)   $ (39,700)

EARNINGS (LOSS) PER SHARE      $    (0.01)   $    (0.00)   $    (0.01)   $     (0.00)      ($0.04)

WEIGHTED AVERAGE SHARES
OUTSTANDING                     1,250,000     1,083,000     1,250,000      1,041,667      985,334
</TABLE>

                                     6
<PAGE>

SHORESIDE
INVESTMENTS, INC.
(A Development Stage
Company)

STATEMENTS OF CASH FLOWS
(Unaudited)
<TABLE>
<CAPTION>
                                                For The      For The
                                               Six Months  Six Months     Cumulative
                                                  Ended       Ended      During The
                                                 June 30,    June 30,    Development
                                                   2001        2000         Stage
<S>                                             <C>          <C>          <C>
CASH FLOWS FROM
OPERATING ACTIVITIES:
 Net loss                                       $ (13,375)   $  (3,464)   $ (39,700)
 Adjustments to reconcile net loss to
  net cash used in operating activities:
    Depreciation                                    2,590             -       5,179
    Changes in assets and liabilities
     Prepaid expenses                              (3,928)            -      (4,262)
     Accounts payable                                (497)         (376)          -
     Franchise tax payable                           (100)         (100)          -
     Other accrued liabilities                       2,199            -       7,478

     Net cash used in operating activities         (13,111)      (3,940)    (31,305)

CASH FLOWS FROM                                          -            -           -
INVESTING ACTIVITIES:

CASH FLOWS FROM
FINANCING ACTIVITIES:
     Sale of common stock                                -            -       3,900
     Officer or stockholder's payments               2,948        3,530      10,153
     (advances)
     Notes payments                                 (1,238)           -      (7,560)
     Capital contributed by stockholder              5,000            -      25,474

      Net cash provided by financing activities      6,710        3,530      31,967

NET INCREASE (DECREASE) IN CASH                     (6,401)        (410)        662

CASH AT BEGINNING  PERIOD                            7,063        1,219           -

CASH AT END OF PERIOD                             $    662    $     809    $    662

SUPPLEMENTAL CASH FLOW
 INFORMATION:
     Interest expense                             $  7,415    $       -    $ 13,823

     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
</TABLE>

                                     8
<PAGE>


                   SHORESIDE INVESTMENTS, INC.
                  (A Development Stage Company)

             NOTES TO UNAUDITED FINANCIAL STATEMENTS


NOTE 1  -  CONDENSED FINANCIAL STATEMENTS

     The accompanying financial statements have been prepared  by
     the  Company  without audit.  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  June  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 June 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  Company
     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  -  SUBSEQUENT EVENT

     During  the  six months ended June 30, 2001, an officer  and
     stockholder contributed $5,000 to the Company as  additional
     paid-in capital which was used for operating capital.

                                     9
<PAGE>

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

Results of Operations

Three Months Ended June 30, 2001 and 2000

The Company had revenue from continuing operations for the three-
month periods ended June 30, 2001 of $-0- compared to -0- for the
same period for 2000.

General  and administrative expenses for the three month  periods
ended  June  30,  2001 and 2000  consisted of  general  corporate
administration, legal and professional expenses,  and  accounting
and  auditing costs.  These expenses were $8,792 and  $2,851  for
the   three-month  periods  ended  June  30,   2001   and   2000,
respectively.   During  the  quarter ended  June  30,  2001,  the
Company  incurred depreciation expense in the amount  of  $1,295,
property  expenses in the amount of $2,719 and property  interest
in  the  amount of $3,512.  Because the Company acquired property
in  June  2000,  there are no comparable expenses  for  the  same
period ended 2000.

As  a result of the foregoing factors, the Company realized a net
loss  of  $8,792  for the three months ended June  30,  2001,  as
compared to a net loss of $2,851 for the same period in 2000.


Six Month periods Ended June 30, 2001 and 2000

The  Company had revenue from continuing operations for the  six-
month  periods ended June 30, 2001 of $5,233 compared to -0-  for
the same period for 2000.

General  and  administrative expenses for the six  month  periods
ended  June  30,  2001 and 2000  consisted of  general  corporate
administration, legal and professional expenses,  and  accounting
and  auditing costs.  These expenses were $18,608 and $3,464  for
the six-month periods ended June 30, 2001 and 2000, respectively.
During  the  quarter  ended June 30, 2001, the  Company  incurred
depreciation  expense in the amount of $2,590, property  expenses
in  the  amount of $4,213 and property interest in the amount  of
$7,415.   Because  the Company acquired property  in  June  2000,
there are no comparable expenses for the same period ended 2000.

As  a result of the foregoing factors, the Company realized a net
loss  of  $13,375  for the six months ended  June  30,  2001,  as
compared to a net loss of $3,464 for the same period in 2000.

Liquidity and Capital Resources

At June 30, 2001, the Company had cash on hand of $662 and
prepaid expenses of $4,262 for total current assets of $4,924.
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 six months ended June 30, 2001 was
$76,700 for the building lot and $172,821 for the condominium
compared to $76,700 for the building lot and $175,411 for the
condominium as of December 31, 2000.

                                     10
<PAGE>

Total assets for the period ended June 30, 2001 was $254,445
compared to $259,508 as of December 31, 2000.

As of June 30, 2001, the Company had total current liabilities of
$69,200 consisting of $-0- in accounts payable, $-0- in franchise
taxes payable, $10,153 in advances from stockholders, $7,478 in
other accrued liabilities and $51,569 in notes payable - current
portion.  At December 31, 2000, the total current liabilities was
$64,871.  Noncurrent liabilities at June 30, 2001 was $117,991 in
notes payable - less current portion compared to $119,008 at
December 31, 2000.

Total stockholders' equity as of June 30, 2001 was $65,254
compared to $75,629 at December 31, 2000.

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 June 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: August 16, 2001        By: /s/ Harvey Carmichael
                              Harvey Carmichael
                              President, Secretary and Treasurer

                                     11
<PAGE>