SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                   FORM 10-QSB


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


For Quarter Ended                                 Commission File Number
------------------                                 ----------------------
January 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 January 31, 2002

<PAGE>

I.  FINANCIAL STATEMENTS

<TABLE>
<CAPTION>


                                FAYBER GROUP INC
                           Consolidated Balance Sheet
                                   (Unaudited)
<S>                                     <C>                       <C>
                                        January
                                        31, 2002              April 30, 2001
                                       ------------             -----------------

ASSETS

Current Assets
     Cash & Cash Equivalents           $      70                  $      74
                                        --------                  ---------

TOTAL ASSETS                           $      70                  $      74
                                       =========                  =========


LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
     Accounts Payable                  $      94                  $     208
     Shareholder Advance                   1,134                          -
                                       ---------                  ---------
          Total Current Liabilities        1,228                        208

Stockholders' Equity
     Preferred stock, $0.0001 par value;
      25,000,000 shares authorized;
      no shares issued and outstanding         -                          -
     Common Stock. $0.0001 par value,
      75,000,000 shares authorized;
      18,675,000 shares issued and
      outstanding                          1,868                      1,868
     Additional paid-in capital                -                          -
     Accumulated Deficit                  (3,026)                    (2,002)
                                       ---------                  ---------

TOTAL STOCKHOLDERS' DEFICIT               (1,158)                      (134)

TOTAL LIABILITIES AND
STOCKHOLDERS' DEFICIT                  $      70                  $      74
                                       =========                  =========

</TABLE>

                             SEE ACCOMPANYING NOTES

                                      F-1

<PAGE>

<TABLE>
<CAPTION>


                                   FAYBER GROUP INC
                        CONSOLIDATED STATEMENTS OF OPERATIONS
                                     (Unaudited)

<S>                <C>          <C>         <C>         <C>        <C>
                    For the
                    period from  For the     For the     For the     For the
                    inception    three       three       nine        nine
                    (April 17,   months      months      months      months
                    2000) to     ended       ended       ended       ended
                    January      January     January     January     January
                    31, 2002     31, 2002    31, 2001    31, 2002    31, 2001
                    -----------  ----------  ----------  ----------  ----------

REVENUES            $       345  $        -  $      200  $      145  $      200
                    -----------  ----------  ----------  ----------  ----------

EXPENSES
  Selling, general and
     administrative       3,371           -         229       1,169       1,994
                    -----------  ----------  ----------  ----------  ----------

      Total expenses      3,371           -         229       1,169       1,994
                    -----------  ----------  ----------  ----------  ----------

NET INCOME (LOSS)        (3,026)          -         (29)     (1,024)     (1,794)

Accumulated deficit
  Balance, Beginning
  of period                   -      (3,026)     (1,765)     (2,002)          -
                    -----------  ----------  ----------  ----------  ----------

 Balance,
 End of period      $    (3,026) $   (3,026) $   (1,794) $   (3,026) $   (1,794)
                    ===========  ==========  ==========  ==========  ==========
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
                    ===========  ==========  ==========  ==========  ==========
</TABLE>
                             SEE ACCOMPANYING NOTES
                                     F-2

<PAGE>


<TABLE>
<CAPTION>


                                          FAYBER GROUP, INC.
                                CONSOLIDATED STATEMENTS OF CASH FLOWS
                                          (Unaudited)


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

 CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                           $ (3,026)              $(1,024)            $(1,794)
   Adjustments to reconcile
    net loss to net cash flows
    from operating activities:
    Non cash expenditures                 368                     -                 368
    Increase (decrease) in accounts
           payable                         94                  (114)                  -
                                       ------                ------               ------
   Net cash flows from operating
            activities                 (2,564)               (1,138)             (1,426)

 CASH FLOWS FROM INVESTING ACTIVITIES       -                     -                   -

 CASH FLOWS FROM FINANCING ACTIVITIES
 Issuance of common stock for cash      1,500                     -                   -
 Advances from shareholders             1,134                 1,134                   -
                                       ------                ------              ------
  Net cash flows from financing
             activities                 2,634                     -                   -
                                       ------                ------              ------
 NET INCREASE (DECREASE) IN CASH
   AND CASH EQUIVALENTS                    70                    (4)             (1,426)

 CASH AND CASH EQUIVALENTS,
   BEGINNING OF PERIOD                      -                    74               1,500
                                       ------                ------               ------
 CASH AND CASH EQUIVALENTS,
   END OF PERIOD                          $70                   $70                $ 74
                                      =======                ======               ======
           Common stock in the amount of 3,675,000 shares were issued in
           exchange for legal services during the period.


</TABLE>

                             SEE ACCOMPANYING NOTES

<PAGE>
<TABLE>
<CAPTION>



                                          FAYBER GROUP, INC.
                            CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
                                           January 31, 2002
                                              (Unaudited)

                                                          Additional                   Total
                             Common Stock                 Paid - In    Accumulated     Stockholders'
                             # of Shares  Amount          Capital      Deficit         Equity

<S>                          <C>          <C>             <C>           <C>            <C>

Issuance of Common Stock     18,675,000  $ 1,868           -                          $ 1,868
Stock for cash and services
rendered

Net Loss                                                                (3,026)        (3,026)
                             ----------   ------         ------         --------      --------
Balances at January 31, 2002 18,675,000  $ 1,868           -           ($3,026)       $(1,158)
                             ==========   ======         ======         ========      ========
</TABLE>

                             SEE ACCOMPANYING NOTES

<PAGE>



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

Managements 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, 2001.

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

RESULTS OF OPERATIONS FOR NINE MONTHS ENDED JANUARY 31, 2002 AND CUMULATIVE

The Company has experienced a net operating loss of ($1,024) resulting from
general and administrative expenses, through the first quarter of fiscal 2002,
as compared to a ($1,794) loss in the same period in 2001 from general and
administrative expenses. There were no revenues and no continuing 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.

<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:  None.

<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: February 28, 2002



                                    FAYBER GROUP, INC.


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