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                          UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                           Form 10-QSB

(Mark One)
     [X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
          SECURITIES EXCHANGE ACT OF 1934

     For the quarter ended September 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: 0-30874

                        SAIPH CORPORATION
        (Exact name of Registrant as specified in charter)

NEVADA                                  33-0916900
State or other jurisdiction of          I.R.S. Employer I.D. No.
incorporation or organization

1516 BROOKHOLLOW DRIVE, SUITE D, SANTA ANA, CA         92705
(Address of principal executive offices)               (Zip Code)

Issuer's telephone number, including area code:  (714) 430-9209

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 past 12
months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such fling
requirements for the past 90 days.  (1) Yes [X]  No [ ]
(2) Yes [X]  No [ ]

State the number of shares outstanding of each of the Issuer's
classes of common equity as of the latest practicable date: At
November 2, 2001, there were 1,000,000 shares of the Registrant's
Common Stock outstanding.
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                             PART I

                  ITEM 1.  FINANCIAL STATEMENTS

     The condensed financial statements included herein have been
prepared by the Company, 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 pursuant to
such rules and regulations, although the Company believes that the
disclosures are adequate to make the information presented not
misleading.

     In the opinion of the Company, all adjustments, consisting of
only normal recurring adjustments, necessary to present fairly the
financial position of the Company as of September 30, 2001, and the
results of its operations and changes in its financial position
from March 1, 2000, through September 30, 2001, have been made.
The results of its operations for such interim period is not
necessarily indicative of the results to be expected for the entire
year.  These condensed financial statements should be read in conjunction
with the financial statements and notes thereto included in the Company's
annual report on Form 10-KSB for the year ended December 31, 2000.
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<TABLE>
                             Saiph Corporation
                       (A Development Stage Company)
                               Balance Sheet
<CAPTION>
                                                 September 30,  December 31,
                                                     2001          2000
                                                  (Unaudited)
<S>                                               <C>            <C>
                                  ASSETS
Current Assets

 Cash                                             $   3,272      $   1,278
                                                  ---------      ---------
     Total Assets                                 $   3,272      $   1,278
                                                  =========      =========

                    LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities

 Interest payable                                     1,623            675
 Note payable - related party (Note 4)               17,500          9,000
                                                  ---------      ---------
     Total Current Liabilities                       19,123          9,675


Stockholders' Equity

 Common Stock 100,000,000 shares
   authorized at $.001 par value
   1,000,000 shares issued and outstanding            1,000          1,000
 Capital in Excess of Par Value                       9,000          9,000
 Deficit accumulated during development stage       (25,851)       (18,397)
                                                  ----------     ----------
     Total Stockholders' Equity                     (15,851)        (8,397)
                                                  ----------     ----------
Total Liabilities and Stockholders' Equity        $   3,272      $   1,278
                                                  ==========     ==========

              See accompanying notes to financial statements
</TABLE>
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<TABLE>
                                              Saiph Corporation
                                        (A Development Stage Company)
                                           Statement of Operations
                                                 (Unaudited)
<CAPTION>
                                                                                                For the Period
                                                                                                March 1, 2000
                               For the Three Months Ended       For the Nine Months Ended       (Inception) to
                              September 30,  September 30,     September 30,  September 30,     September 30,
                                  2001           2000              2001           2000              2001
<S>                           <C>            <C>               <C>            <C>               <C>
Revenue                       $    -         $    -            $    -         $    -            $    -
                               ---------      ---------         ---------      ---------         ---------
Expenses

 General and Administrative   $      950     $   13,951        $    6,506     $   16,791        $   24,228
 Interest Expense                    431            225               949            450             1,624
                               ---------      ---------         ---------      ---------         ---------
     Total Expenses                1,381         14,176             7,455         17,241            25,852
                               ---------      ---------         ---------      ---------         ---------
Net Income (Loss)
 - Before Taxes               $   (1,381)    $  (14,176)       $   (7,455)    $  (17,241)       $  (25,852)

Taxes (Note 2)                     -              -                 -             -                  -
                               ---------      ---------         ---------      ---------         ---------
INCOME (LOSS)                 $   (1,381)    $  (14,176)       $   (7,455)    $  (17,241)       $  (25,852)
                               ==========     ==========        ==========     ==========        ==========
Loss Per Common Share
  (Note 1)                    $    -         $    (0.01)       $   (0.01)     $   (0.02)

Average Outstanding Shares
  (Note 1)                     1,000,000       1,000,000        1,000,000      1,000,000

                                See accompanying notes to financial statements
</TABLE>
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<TABLE>
                                      Saiph Corporation
                                (A Development Stage Company)
                                   Statements of Cash Flows
                                         (Unaudited)
<CAPTION>
                                                                                 For the Period
                                                                                 March 1, 2000
                                           For the Nine Months Periods Ended     (Inception) to
                                             September 30,   September 30,       September 30,
                                                 2001            2000                2001
<S>                                          <C>             <C>                 <C>
Cash Flows from Operating Activities
 Net Income (Loss)                           $  (7,455)      $ (17,241)          $ (25,852)
 Increase (Decrease)
  in Accounts Payable/Interest Payable             949             450               1,624
 Expenses paid by Stock Issuance                 -               2,500               2,500
                                              ---------       ---------           ---------
 Net Cash Provided by Operating Activities      (6,506)        (14,291)            (21,728)

Cash Flows from Investing Activities             -               -                   -
                                              ---------       ---------           ---------
Cash Flows from Financing Activities
 Issuance of Common Stock for Cash               -               7,500               7,500
 Issuance of Note Payable for Cash               8,500           9,000              17,500
                                              ---------       ---------           ---------
 Net Cash Used by Financing Activities           8,500          16,500              25,000

Increase (Decrease) in Cash
 and Cash Equivalents                            1,994           2,209               3,272
                                              ---------       ---------           ---------
Cash and Cash Equivalents
 at the Beginning of Period                      1,278           -                   -
                                              ---------       ---------           ---------
Cash and Cash Equivalents
 at End of Period                            $   3,272       $   2,209           $   3,272
                                              =========       =========           =========
Cash Paid During the Period for:

   Interest                                  $   -           $   -               $   -
   Income Taxes                              $   -           $   -               $   -

                         See accompanying notes to financial statements
</TABLE>
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                        Saiph Corporation
                   (A Development Stage Company)
                 Notes to the Financial Statements
                       September 30, 2001

NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES

  Organization and Business - Saiph Corporation (the "Company")
  was incorporated in Nevada on March 1, 2000, as Saiph
  Corporation for the purpose of seeking and consummating a merger
  or acquisition with a business entity organized as a private
  corporation, partnership, or sole proprietorship.

  Cash and Cash Equivalents - The Company considers all highly
  liquid investments with maturities of three months or less to be
  cash equivalents.  All cash is currently held in trust by the
  Company's attorney.

  Earnings (Loss) Per Share - The computation of earnings per share
  of common stock is based on the weighted average number of
  shares outstanding at the date of the financial statements.

NOTE 2 -INCOME TAXES

  The Company adopted Statement of Financial Standards No. 109
  "Accounting for Income Taxes" in the fiscal year ended December
  31, 2000.

  Statement of Financial Accounting Standards No. 109 " Accounting
  for Income Taxes" requires an asset and liability approach for
  financial accounting and reporting for income tax purposes.
  This statement recognizes (a) the amount of taxes payable or
  refundable for the current year and (b) deferred tax liabilities
  and assets for future tax consequences of events that have been
  recognized in the financial statements or tax returns.

  Deferred income taxes result from temporary differences in the
  recognition of accounting transactions for tax and financial
  reporting purposes.  There were no temporary differences for the
  current year accordingly, no deferred tax liabilities have been
  recognized.

  No provision for income taxes has been recorded due to net
  operating loss carryforward totaling approximately $18,000 that
  will be offset against future taxable income. The NOL
  carryforward begins to expire in the year 2020.  No tax benefit
  has been reported in the financial statements.

  Deferred tax assets and the valuation account at December 31,
  2000 is as follows:

  Deferred tax asset:
     NOL carryforward             $  5,519
     Valuation allowance          $ (5,519)
                                   --------
        Total                     $  -
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                        Saiph Corporation
                  (A Development Stage Company)
                Notes to the Financial Statements
                        September 30, 2001

NOTE 3 - USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL
STATEMENTS

  The preparation of financial statements in conformity with
  generally accepted accounting principles requires management to
  make estimates and assumptions that affect reported amounts of
  assets and liabilities, disclosure of contingent assets and
  liabilities at the date of the financial statements and revenues
  and expenses during the reporting period.  In these financial
  statements, assets, liabilities and earnings involve extensive
  reliance on management's estimates.  Actual results could differ
  from those estimates.

NOTE 4 - NOTE PAYABLE- RELATED PARTY

  The Company issued a promissory note in the amount of $9,000 to
  Mezzanine Capital Ltd. on March 27, 2000.  The note carries an
  interest rate of 10% per annum to begin accruing on the date of
  the note.  The principal and interest of the note shall be due
  and payable on March 27, 2002.  The note is unsecured.

  During the second and third quarters of 2001, the Company
  received loans of $3,500 and $5,000 from Corporations whose
  Presidents are shareholders of the Company.  The payables are
  unsecured and bear interest at the rates of 12% per annum.  As
  of September 30, 2001, accrued interest amounts to $173 and $101
  respectively.  Both of the notes are due on demand.
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        ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR
                        PLAN OF OPERATION

     The Company is a development stage company.  Since its
inception, the Company has had no operations.  The Company was
organized for the purpose of engaging in any lawful activity
permitted under Nevada state law; however, the Company does not
have any significant cash or other material assets, nor does it
have an established source of revenues sufficient to cover
operating costs and to allow it to continue as a going concern.
The Company intends to take advantage of any reasonable business
proposal presented which management believes will provide the
Company and its stockholders with a viable business opportunity.
The board of directors will make the final approval in determining
whether to complete any acquisition, but will submit the proposal
to the shareholders for final approval.

     The original shareholders contributed a total of $7,500 in
cash and $2,500 in services as capital contributions for stock of
the Company.  Mezzanine Capital Ltd., an entity of which Eric C.
Bronk, the sole director and an executive officer of the Company,
is an executive officer and director, loaned $9,000 to the Company
at its inception for operating expenses.  The Company has also
borrowed $3,500 from Saiph Corporation, an entity of which Mr.
Bronk is an executive officer and director, and $5,000 from Procyon
Corporation, an entity of which Mr. Bronk is an executive officer.

     The investigation of specific business opportunities and the
negotiation, drafting, and execution of relevant agreements,
disclosure documents, and other instruments will require
substantial management time and attention and will require the
Company to incur costs for payment of accountants, attorneys, and
others.  If a decision is made not to participate in or complete
the acquisition of a specific business opportunity, the costs
incurred in a related investigation will not be recoverable.
Further, even if an agreement is reached for the participation in
a specific business opportunity by way of investment or otherwise,
the failure to consummate the particular transaction may result in
a the loss to the Company of all related costs incurred.

     Currently, management is not able to determine the time or
resources that will be necessary to locate and acquire or merge
with a business prospect.  There is no assurance that the Company
will be able to acquire an interest in any such prospects,
products, or opportunities that may exist or that any activity of
the Company, regardless of the completion of any transaction, will
be profitable.  If and when the Company locates a business
opportunity, management of the Company will give consideration to
the dollar amount of that entity's profitable operations and the
adequacy of its working capital in determining the terms and
conditions under which the Company would consummate such an
acquisition.  Potential business opportunities, no matter which
form they may take, will most likely result in substantial dilution
for the Company's shareholders due to the likely issuance of stock
to acquire such an opportunity.
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                           SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.


                                Saiph Corporation

                                /s/ Eric Chess Bronk
Date: November 9, 2001          By: Eric Chess Bronk, President and
                                Principal Financial and Accounting Officer
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