SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                   FORM 10QSB


                  Quarterly Report under Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


For Quarter Ended                                 Commission File Number
-----------------                                 ----------------------
October 31, 2002                                         000-30999



                               FAYBER GROUP, INC.
                       ----------------------------------
             (Exact name of registrant as specified in its charter)


            Nevada                                       85-1542260
--------------------------------                        -------------------
     (State of incorporation)                           (I.R.S. Employer
                                                        Identification No.)

                       7609 Ralston Road, Arvada, CO 80002
                -------------------------------------------------
               (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code:  (303) 422-8127


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to the filing
requirements for at least the past 90 days.

                             Yes  X        No
                                -----        ------

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

                 18,675,000 common shares as of October 31, 2002

<PAGE>

I.  FINANCIAL STATEMENTS


                               Fayber Group, Inc.
                         (A Development Stage Company)

                              Financial Statements

                                October 31, 2002

<PAGE>

                                    CONTENTS




                                                                     Page


BALANCE SHEET                                                        F-1

STATEMENTS OF OPERATIONS                                             F-2

STATEMENT OF STOCKHOLDERS' EQUITY                                    F-3

STATEMENTS OF CASH FLOWS                                             F-4

NOTES TO FINANCIAL STATEMENTS                                        F-5


<PAGE>



                               FAYBER GROUP, INC.
                         (A Development Stage Company)
                                  Balance Sheet
                               October 31, 2002


     ASSETS

CURRENT ASSETS
     Cash and cash equivalents                                          $ 28
                                                                        ----

         TOTAL ASSETS                                                   $ 28
                                                                        ====



     LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
     Accounts payable                                                $     -
                                                                     -------

         Total current liabilities                                         -

STOCKHOLDERS' EQUITY
     Preferred stock, $.0001 par value; 25,000,000
         shares authorized; no shares issued
         and outstanding                                                   -
     Common stock, $.0001 par value; 75,000,000
         shares authorized; 18,675,000 shares issued and
         outstanding                                                   4,653
     Additional paid-in capital                                            -
     Deficit accumulated during the development
         stage                                                        (4,615)
                                                                      -------

                                                                         28

         TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                    $ 28
                                                                       ====

    The accompanying notes are an integral part of the financial statements.

                                      F-1

<PAGE>


                                          FAYBER GROUP, INC.
                                 CONSOLIDATED STATEMENTS OF OPERATIONS
                          For the Three and Six Months ended October 31, 2002
                                             (Unaudited)

                    For the
                    period from  For the     For the     For the     For the
                    inception    three       three       six         six
                    (April 17,   months      months      months      months
                    2000) to     ended       ended       ended       ended
                    October      October     October     October     October
                    31, 2002     31, 2002    31, 2001    31, 2002    31, 2001
                    -----------  ----------  ----------  ----------  ----------

REVENUES            $       345  $        -  $      145  $        -  $      145
                    -----------  ----------  ----------  ----------  ----------

EXPENSES
  Selling, general and
     administrative       4,970          32          93       1,282       1,169
                    -----------  ----------  ----------  ----------  ----------

      Total expenses      4,970          32          93       1,282       1,169
                    -----------  ----------  ----------  ----------  ----------

NET INCOME (LOSS)        (4,625)        (32)         52      (1,282)     (1,024)

Accumulated deficit
  Balance, Beginning
  of period                   -      (4,593)     (3,078)     (3,343)     (2,002)
                    -----------  ----------  ----------  ----------  ----------

 Balance,
 End of period      $    (4,625) $   (4,625) $   (3,026) $   (4,625) $   (3,026)
                    ===========  ==========  ==========  ==========  ==========
NET LOSS PER SHARE  $      (NIL) $     (NIL)  $    (NIL) $     (NIL) $     (NIL)
                    ===========  ==========  ==========  ==========  ==========

WEIGHTED AVERAGE NUMBER
  OF SHARES
  OUTSTANDING        18,675,000  18,675,000  18,675,000  18,675,000  18,675,000
                    ===========  ==========  ==========  ==========  ==========

    The accompanying notes are an integral part of the financial statements.

                                      F-2

<PAGE>
<TABLE>
<CAPTION>



                                               FAYBER GROUP, INC.
                                         (A Development Stage Company)
                                       STATEMENTS OF STOCKHOLDERS' EQUITY


                                                                            Deficit
                                                                          accumulated
                                              Common stock                 during the          Total
                                       Number of                           development     stockholders'
                                        shares            Amount             stage            equity
                                        -------           -------            ------           -------
<S>                                      <C>                  <C>            <C>               <C>
Common stock issued
     for cash, and expenses
     paid by shareholders
     April 30, 2000
     at $0.0001 per share                 18,675,000           $ 1,868             $  -            $ 1,868

Net loss for the period ended
    April 30, 2000                                -                 -                (675)            (675)

Net loss for the period ended
    April 30, 2001                                -                 -              (1,327)          (1,327)
                                         -----------          --------            -------          -------

Balance, April 30, 2001                   18,675,000             1,868             (2,002)            (134)

Shareholder contributed
    capital                                        -             1,485                  -            1,485

Net loss for the period ended
    April 30, 2002                                 -                 -             (1,341)          (1,341)
                                          -----------          --------            -------          -------

Balance, April 30, 2002                   18,675,000             3,353             (3,343)              10

Shareholder contributed
    capital                                        -             1,300                  -            1,300

Net loss for the period ended
     October 31, 2002                             -                 -              (1,282)          (1,282)
                                         -----------          --------            -------          -------

Balance, October 31, 2002                18,675,000           $  4,653           $ (4,625)        $     28
                                         ===========          ========          =========        =========
</TABLE>


    The accompanying notes are an integral part of the financial statements

                                      F-3


<PAGE>
<TABLE>
<CAPTION>


                                               FAYBER GROUP, INC.
                                         (A Development Stage Company)
                                            STATEMENTS OF CASH FLOWS

<S>                                  <c>                    <c>               <c>
                                     from inception          For the six   For the six
                                     (April 17, 2000) to     months ended  months ended
                                      October 31,            October 31,   October 31,
                                      2002                   2002          2001

 CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                           $ (4,625)              $(1,282)            $(1,024)
   Adjustments to reconcile
    net loss to net cash flows
    from operating activities:
    Decrease in accounts payable                                                   (114)
                                       ------                ------               ------
   Net cash flows from operating
            activities                 (4,625)               (1,282)             (1,138)

 CASH FLOWS FROM INVESTING ACTIVITIES       -                     -                   -

 CASH FLOWS FROM FINANCING ACTIVITIES
 Issuance of common stock for cash      1,500                     -                   -
 Advances from shareholders             3,153                 1,300               1,134
                                       ------                ------              ------
  Net cash flows from financing
             activities                 4,653                 1,300               1,134
                                       ------                ------              ------
 NET INCREASE (DECREASE) IN CASH
   AND CASH EQUIVALENTS                    28                    18                  (4)

 CASH AND CASH EQUIVALENTS,
   BEGINNING OF PERIOD                      -                    10                  74
                                       ------                ------               ------
 CASH AND CASH EQUIVALENTS,
   END OF PERIOD                          $28                   $28                $ 70
                                      =======                ======               ======

</TABLE>

    The accompanying notes are an integral part of the financial statements.

                                      F-4



<PAGE>



                               Fayber Group, Inc.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                October 31, 2002



1.   Management's Representation Concerning Interim Financial Information

     The accompanying financial statements have been prepared by Fayber Group,
     Inc. without audit pursuant to the rules and regulations of the Securities
     and Exchange Commission. Certain information and footnote disclosures
     normally included in financial statements prepared in accordance with
     generally accepted accounting principles have been condensed or omitted as
     allowed by such rules and regulations, and management believes that the
     disclosures are adequate to make the information presented not misleading.
     These financial statements include all of the adjustments which, in the
     opinion of management, are necessary to a fair presentation of financial
     position and results of operations. All such adjustments are of a normal
     and recurring nature. These financial statements should be read in
     conjunction with the audited financial statements at April 30, 2002.




                                      F-5


<PAGE>

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

RESULTS OF OPERATIONS FOR SIX MONTHS ENDED OCTOBER 31, 2002 AND CUMULATIVE

The Company has experienced a net operating loss of ($1,282) resulting from
general and administrative expenses, through the second quarter of fiscal 2002,
as compared to a ($1,024) loss in the same period in 2001 from general and
administrative expenses. There were no significant revenues or operations,
furthermore there are no immediate prospects for any operations. The losses will
continue until such time as the company is able to start or acquire a going
business operation.

Liquidity and Capital Resources

The Company had inadequate cash capital at the end of the period for any
operations. The Company will be forced to either borrow against or sell assets
or make private placements of stock in order to fund operations. No assurance
exists as to the ability to arrange for loans or make private placements of
stock.

ITEM 3. CONTROLS AND PROCEDURES

The Company's Chief Executive Officer, after evaluating the effectiveness of the
Company's disclosure controls and procedures (as defined in Rules 13a-14(c) and
15d-14(c) under the Securities Exchange Act of 1934, as amended) as of a date
within 90 days of the filing of this quarterly report (the "Evaluation Date"),
has concluded that, as of the Evaluation Date, the Company's disclosure controls
and procedures were effective to ensure the timely collection, evaluation and
disclosure of information relating to the Company that would potentially be
subject to disclosure under the Securities Exchange Act of 1934, as amended, and
the rules and regulations promulgated thereunder.  There were no significant
changes in the Company's internal controls or in other factors that could
significantly affect the internal controls subsequent to the Evaluation Date.



<PAGE>

                  PART II - OTHER INFORMATION


ITEM 1.           LEGAL PROCEEDINGS

                  None

ITEM 2.           CHANGES IN SECURITIES

                  None

ITEM 3.           DEFAULT UPON SENIOR SECURITIES

                  None

ITEM 4.           SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

                  None

ITEM 5.           OTHER INFORMATION

                  None

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

                    Reports  on Form 8-K  made for the  period  for  which  this
                    report is filed:

                        8-K filed August 26, 2002
                        8-K filed September 3, 2002

<PAGE>

                                   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.

Date: December 12, 2002



                                    FAYBER GROUP, INC.


                                    /s/ BERNARD F. PRACKO, II
                                    -----------------------------
                                    BERNARD F. PRACKO, II, President


<PAGE>

                                CERTIFICATIONS



I, Bernard F. Pracko, II, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Fayber Group, Inc.;

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  officers  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,  including   its   consolidated
subsidiaries, is made known to us by others within those entities, 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  officers 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  (or  persons  performing  the
equivalent functions):

   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
other  employees  who have  a significant  role in  the  registrant's  internal
controls; and

6. The  registrant's other  certifying officers  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: December 13, 2002                 FAYBER GROUP, INC.


                                        By: /s/ Bernard F. Pracko, II
                                            ------------------------------------
                                            Bernard F. Pracko, II