**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 March 31, 2002

[   ]     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**

(State or other jurisdiction of incorporation or organization) | **87-053546**

(IRS Employer Identification No.)
|------------------------------------------------------------------------ | ------------------------------------------------

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

**(801) 474-0824**

(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 March 31, 2002: 1,200,000
shares of common stock.

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

**FORM 10-QSB**

**SHORESIDE INVESTMENTS, INC.**

**INDEX**

|**PART I.**  | **Financial Information**                                                                                                            | **Page**
|------------ | ------------------------------------------------------------------------------------------------------------------------------------ | --------
|             | Item I.  Financial Statements
(unaudited)                                                                                            | 3       
|             | Balance Sheets - March 31, 2002
(unaudited) and December 31, 2001                                                                    | 4       
|             | Statements of Operations (unaudited)
for the Three Months Ended March 31,
2002 and 2001, and Cumulative During
the Development Stage | 5       
|             | Statements of Cash Flows (unaudited)
for the Three Months Ended March 31,
2002 and 2001, and Cumulative During
the Development Stage | 6       
|             | Notes to Unaudited Condensed
Financial Statements                                                                                    | 7       
|             | Item 2.  Management's Discussion and
Analysis of Financial Condition                                                                 | 8       
|**PART II.** | **Other Information**                                                                                                                |         
|             | Item 6.  Exhibits and Reports on Form
8-K                                                                                            | 10      
|             | Signatures                                                                                                                           | 10      

(Inapplicable items have been omitted)

**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.

**SHORESIDE INVESTMENTS, INC.**

**(A Development Stage Company)**

**BALANCE SHEETS**

|**ASSETS**                                          |                      |                    
|--------------------------------------------------- | -------------------- | -------------------
|                                                    | **March 31**         | **December 31,**   
|                                                    | **2002**             | **2001**           
|                                                    | **(Unaudited)**      |                    
|CURRENT ASSETS:                                     |                      |                    
|Cash                                                | $                503 | $             2,093
|Rent receivable                                     | 8,337                | 2,083              
|Prepaid expenses                                    | 881                  | 469                
|                                                    | _________________    | _________________  
|Total Current Assets                                | 9,721                | 4,645              
|                                                    |                      |                    
|PROPERTY                                            |                      |                    
|Condominium, less depreciation of
$9,064 and $7,769 | 168,936              | 170,231            
|                                                    | _________________    | _________________  
|Total Property                                      | 168,936              | 170,231            
|                                                    | _________________    | _________________  
|TOTAL ASSETS                                        | $        178,657     | $        174,876   
|                                                    | ===============      | ===============    

|**LIABILITIES AND
STOCKHOLDERS' EQUITY**                                                                                         |                          |                         
|-------------------------------------------------------------------------------------------------------------------------------- | ------------------------ | ------------------------
|CURRENT LIABILITIES:                                                                                                             |                          |                         
|Accounts payable                                                                                                                 | $                      - | $                      -
|Franchise taxes payable                                                                                                          | 100                      | 100                     
|Advances from stockholders                                                                                                       | 19,227                   | 16,305                  
|Other accrued liabilities                                                                                                        | 437                      | 1,034                   
|Notes payable - current portion                                                                                                  | 2,106                    | 2,070                   
|                                                                                                                                 | _________________        | _________________       
|Total Current Liabilities                                                                                                        | 21,870                   | 19,509                  
|                                                                                                                                 | _________________        | _________________       
|NONCURRENT LIABILITIES                                                                                                           |                          |                         
|Notes payable - less current portion                                                                                             | 116,398                  | 116,938                 
|                                                                                                                                 | _________________        | _________________       
|STOCKHOLDERS' EQUITY
(DEFICIT):                                                                                                  |                          |                         
|Common stock, $.001 par value;
10,000,000 shares authorized;
1,200,000, and 1,200,000 shares issued
and outstanding respectively | 1,200                    | 1,200                   
|Additional paid-in capital                                                                                                       | 97,147                   | 93,147                  
|Deficit accumulated during the
development stage                                                                                 | (57,958)                 | (55,918)                
|                                                                                                                                 | _________________        | _________________       
|Total Stockholders' Equity
(Deficit)                                                                                             | 40,389                   | 38,429                  
|                                                                                                                                 | _________________        | _________________       
|TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY                                                                                       | $        178,657         | $        174,876        
|                                                                                                                                 | ===============          | ================        

The accompanying notes are an integral part of these financial statements

**SHORESIDE INVESTMENTS, INC.**

**(A Development Stage Company)**

**STATEMENTS OF OPERATIONS**

**(Unaudited)**

|                                    | **For The**           | **For The**           |                       
|----------------------------------- | --------------------- | --------------------- | ----------------------
|                                    | **Three Months**      | **Three Months**      | **Cumulative**        
|                                    | **Ended**             | **Ended**             | **During The**        
|                                    | **March 31,**         | **March 31,**         | **Development**       
|                                    | **2002**              | **2001**              | **Stage**             
|REVENUE                             |                       |                       |                       
|Rent income                         | $           11,771    | $             5,233   | $            18,772   
|                                    | _________________     | _________________     | _________________     
|EXPENSES:                           |                       |                       |                       
|General and
administrative          | 3,216                 | 3,124                 | 25,752                
|Depreciation expense                | 1,295                 | 1,295                 | 9,064                 
|Property expenses                   | 7,295                 | 1,494                 | 19,789                
|Property interest                   | 2,005                 | 3,903                 | 21,231                
|Franchise tax expense               | -                     | -                     | 894                   
|                                    | _________________     | _________________     | _________________     
|Total Expenses                      | 13,811                | 9,816                 | 76,730                
|                                    | _________________     | _________________     | _________________     
|NET (LOSS) BEFORE
TAXES             | (2,040)               | (4,583)               | (57,958)              
|                                    |                       |                       |                       
|Provision for income taxes          | -                     | -                     |                       
|                                    | _________________     | _________________     | _________________     
|NET (LOSS)                          | $           (2,040)   | $           (4,583)   | $          (57,958)   
|                                    | ===============       | ===============       | ===============       
|EARNINGS (LOSS) PER
SHARE           | $              (0.00) | $              (0.00) | $               (0.06)
|                                    | ===============       | ===============       | ===============       
|WEIGHTED AVERAGE
SHARES OUTSTANDING | 1,200,000             | 1,250,000             | 1,036,012             
|                                    | ===============       | ===============       | ===============       

The accompanying notes are an integral part of these financial statements

**SHORESIDE INVESTMENTS, INC.**

**(A Development Stage Company)**

**STATEMENT OF CASH FLOWS**

(Unaudited)

|                                                                                          | **For The**          | **For The**          |                   
|----------------------------------------------------------------------------------------- | -------------------- | -------------------- | ------------------
|                                                                                          | **Three Months**     | **Three Months**     | **Cumulative**    
|                                                                                          | **Ended**            | **Ended**            | **During The**    
|                                                                                          | **March 31,**        | **March 31,**        | **Development**   
|                                                                                          | **2002**             | **2001**             | **Stage**         
|CASH FLOWS FROM
OPERATING ACTIVITIES:                                                     |                      |                      |                   
|Net loss                                                                                  | $         (2,040)    | $         (4,583)    | $     (57,958)    
|Adjustments to reconcile
net loss to net cash used in
operating activities:               |                      |                      |                   
|Depreciation                                                                              | 1,295                | 1,295                | 9,064             
|Taxes reduced on
disposal of building lot                                                 | -                    | -                    | 6,533             
|Changes in assets and
liabilities                                                         |                      |                      |                   
|Rent receivable                                                                           | (6,254)              | -                    | (8,337)           
|Prepaid expenses                                                                          | (412)                | (490)                | (881)             
|Accounts payable                                                                          | -                    | 201                  | -                 
|Franchise tax
payable                                                                     | -                    | -                    | 100               
|Other accrued
liabilities                                                                 | (597)                | 122                  | 437               
|                                                                                          | _________________    | _________________    | _________________ 
|Net cash used in
operating activities                                                     | (8,008)              | (3,455)              | (51,042)          
|                                                                                          | _________________    | _________________    | _________________ 
|CASH FLOWS FROM
INVESTING ACTIVITIES:                                                     | -                    | -                    | -                 
|                                                                                          | _________________    | _________________    | _________________ 
|CASH FLOWS FROM
FINANCING ACTIVITIES:                                                     |                      |                      |                   
|Sale of common stock                                                                      | -                    | -                    | 3,900             
|Officer or stockholder's
payments (advances)                                              | 2,922                | -                    | 19,227            
|Notes payments                                                                            | (504)                | (471)                | (9,556)           
|Capital contributed by
stockholder                                                        | 4,000                | -                    | 37,974            
|                                                                                          | _________________    | _________________    | _________________ 
|Net cash provided by
financing activities                                                 | 6,418                | (471)                | 51,545            
|                                                                                          | _________________    | _________________    | _________________ 
|NET INCREASE
(DECREASE) IN CASH                                                           | (1,590)              | (3,926)              | 503               
|                                                                                          |                      |                      |                   
|CASH AT BEGINNING
PERIOD                                                                  | 2,093                | 7,063                | -                 
|                                                                                          | _________________    | _________________    | _________________ 
|CASH AT END OF PERIOD                                                                     | $              503   | $           3,137    | $           503   
|                                                                                          | ===============      | ===============      | ===============   
|SUPPLEMENTAL CASH
FLOW INFORMATION:                                                       |                      |                      |                   
|Interest expense                                                                          | $           2,005    | $           3,903    | $      21,231     
|                                                                                          | ===============      | ===============      | ===============   
|Income taxes                                                                              | $                  - | $                  - | $                -
|                                                                                          | ===============      | ===============      | ===============   
|SUPPLEMENTAL
NONCASH
TRANSACTIONS                                                         |                      |                      |                   
|Common stock issued
(cancelled) to acquire or
dispose of property - net of
property taxes | $                  - | $                  - | $    180,158      
|                                                                                          | ===============      | ===============      | ===============   
|Assumption (reduction) of
debt associated with the
property acquisition or
disposal       | $                  - | $                  - | $    123,839      
|                                                                                          | ===============      | ===============      | ===============   

The accompanying notes are an integral part of these financial statements

**SHORESIDE INVESTMENTS, INC.**

(A Development Stage Company)

**NOTES TO UNAUDITED FINANCIAL STATEMENTS**

**NOTE 1  -  CONDENSED FINANCIAL STATEMENTS**

****The Company without audit has prepared the accompanying financial statements.  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 March 31, 2002 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,
2001 audited financial statements.  The results of operations for the periods ended March 31, 2002 and 2001 are not
necessarily indicative of the operating results for the full year.

**NOTE 2  -  CONTRIBUTED CAPITAL - OFFICER AND STOCKHOLDER**

****During the three months ended March 31, 2002, an officer and stockholder contributed $4,000 to the Company as
additional paid-in capital, which was used for operating capital.

**NOTE 3  -  EQUITY TRANSACTION**

****During October 2001, pursuant to a unanimous consent of the Board of Directors of the Company, a quit claim deed was
executed deeding to a shareholder, the Draper Building lot located a 12229 South Kodiak Court, Draper, Utah, in exchange
for the 50,000 shares originally issued to the shareholder on June 27, 2000 for the lot with such shares being cancelled and
returned to the authorized but unissued shares of the Company.****

**NOTE 4  -  FILING WITH THE SECURITIES AND EXCHANGE COMMISSION**

****During the second quarter of 2002, the Company intends to file a Securities and Exchange Commission filing on Form
SB-2 to register the Common Shares of the Company.

**Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF** **FINANCIAL CONDITION OR PLAN OF
OPERATION**

**Forward-Looking Statement Notice**

When used in this report, the words "may," "will," "expect," "anticipate," "continue," "estimate," "project," "intend," and
similar expressions are intended to identify forward-looking statements within the meaning of Section 27a of the Securities
Act of 1933 and Section 21e of the Securities Exchange Act of 1934 regarding events, conditions, and financial trends that
may affect the Company's future plans of operations, business strategy, operating results, and financial position.  Persons
reviewing this report are cautioned that any forward-looking statements are not guarantees of future performance and are
subject to risks and uncertainties and that actual results may differ materially from those included within the
forward-looking statements as a result of various factors.  Such factors are discussed under the "Item 2. Management's
Discussion and Analysis of Financial Condition or Plan of Operations," and also include general economic factors and
conditions that may directly or indirectly impact the Company's financial condition or results of operations.

**Description of Business**

Shoreside Investments, Inc. (the "Company") was incorporated under the laws of Utah on February 8, 1995 as Sun Seekers
Corp. to engage in any lawful acts not prohibited by the laws of any jurisdiction in which the corporation may do business,
and for the specific purpose of building and operating tanning salons.  It was not successful in its business venture and
ceased operations in November 1995.

For a brief period beginning in February of 1996, management determined to explore the prospect of using the Company as
a vehicle to enter into the investor relations/marketing business.  Two new directors with experience in that business were
appointed, and minimal business activity in that field was conducted.  However, by February of 1997, the new directors
resigned and this business was also abandoned without having acquired any assets or achieving any operating revenues.
The Company once again became inactive at this time.

In October of 1999, the sole remaining director determined to reactivate the Company.  He established a new bank account
for the Company and made a modest cash deposit with which to bring it current with its state filing requirements.

**The Company**

Shoreside intends to engage in the rental and leasing of vacation and resort properties. Shoreside Investments, Inc.
presently owns equity interests in one real property, a single unit in the Gambler Condominiums located in Park City, Utah
approximately .6 mile from the lifts at the Park City Ski Resort and approximately .9 mile from the Deer Valley ski resort.
The Canyons, a third major ski resort is located less than two miles from the unit.

The Gambler unit is rented on a nightly basis through High Mountain Properties, a property management concern located
in Park City at a rate of approximately $350 per night.  The average rental/occupancy rate for these units is approximately
six nights per month from November through February, with rentals decreasing through March and April.

**Results of Operations**

**Three Month  periods Ended March 31, 2002 and 2001**

The Company had revenue from continuing operations for the three-month periods ended March 31, 2002 and 2001 of
$11,771 and $5,233, respectively.

General and administrative expenses for the three month periods ended March 31, 2002 and 2001 consisted of general
corporate administration, legal and professional expenses, accounting and auditing costs and property expenses,
depreciation expense and property interest.  These expenses were $13,811 and $9,816 for the three-month periods ended
March 31, 2002 and 2001, respectively.

As a result of the foregoing factors, the Company realized a net loss of $2,040 for the three months ended March 31, 2002,
as compared to a net loss of $4,583 for the same period in 2001.

**Liquidity and Capital Resources**

At March 31, 2002, the Company had cash on hand of $503, rent receivable of $8,337 and prepaid expenses of $881 for
total current assets of $9,721.  As of December 31, 2001, the Company had $2,093 cash on hand, $2,083 in rent receivable
and $469 in prepaid expenses for total current assets of $4,645.

Property assets for the three months ended March 31, 2002 consisted of $168,936 for the condominium compared to
$174,876 for the condominium as of December 31, 2001.  The difference in value was due to depreciation of the rental
property.

Total assets for the period ended March 31, 2002 was $178,657 compared to $174,876 as of December 31, 2001.

As of March 31, 2002, the Company had total current liabilities of $21,870 consisting of $19,227 in advances from
stockholders, $437 in other accrued liabilities, $100 in franchise taxes payable and $2,106 in notes payable - current
portion.  At December 31, 2001, the total current liabilities were $19,509 consisting of $16,305 in advances from
stockholders, $1,034 in other accrued liabilities, $100 in franchise taxes payable and $2,070 in notes payable - current
portion.

Noncurrent liabilities at March 31, 2002 were $116,398 in notes payable - less current portion compared to $11,6,938 at
December 31, 2001.

Total stockholders' equity as of March 31, 2002 was $40,389 compared to $38,429 at December 31, 2001.

During the three months ended March 31, 2002, an officer and stockholder contributed $4,000 to the Company as
additional paid-in capital, which was used for operating capital.

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 March 31, 2002.

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: May 18, 2002    By: /s/ Harvey Carmichael

Harvey Carmichael

President, Secretary and Treasurer