U.S. Securities and Exchange Commission
                             Washington, D.C. 20549

                                   FORM 10-QSB




[X]     QUARTERLY  REPORT  UNDER  SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT  OF  1934  for  the  quarterly  period  ended  June  30,  2001

[ ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT  OF  1934  for  the  transition  period  from  _______  to  _______


                                 XENICENT, INC.
                                 --------------
        (Exact name of small business issuer as specified in its charter)


     North  Carolina                              36-4344865
     ---------------                              ----------
(State  or  other  jurisdiction  of            (IRS  Employer
incorporation  or  organization)             identification  No.)


                    18 Brookmont Drive - Wilbraham, MA 01095
                    ----------------------------------------
                    (Address of principal executive offices)

                                 (413) 543-1414
                                 --------------
                           (Issuer's telephone number)





Check  whether  the issuer (1) 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  filing  requirements  for  the  past 90 days. Yes [x] No [  ]

Number  of  shares  of  common  stock  outstanding  as  of
June  29,  2001:  8,832,000

Number  of  shares  of  preferred  stock  outstanding  as  of
June  29,  2001:  -0-









<TABLE>
<CAPTION>


                                      XENICENT, INC.
                                      BALANCE SHEET
                          AT JUNE 30, 2001 AND DECEMBER 31, 2000


                                          ASSETS
                                          ------
<S>                                                                <C>         <C>
                                                                 (Unaudited)
                                                                      2001        2000
CURRENT ASSETS
-----------------------------------------------------------------
  Cash and cash equivalents . . . . . . . . . . . . . . . . . . .  $   8,327   $  44,729
  Recoverable income taxes. . . . . . . . . . . . . . . . . . . .        -0-      12,700
    TOTAL CURRENT ASSETS. . . . . . . . . . . . . . . . . . . . .      8,327      57,429
-----------------------------------------------------------------

PROPERTY AND EQUIPMENT
-----------------------------------------------------------------
  Furniture & office equipment. . . . . . . . . . . . . . . . . .      6,800       6,800
  Accumulated depreciation. . . . . . . . . . . . . . . . . . . .     (3,740)     (3,400)
     Net property and equipment . . . . . . . . . . . . . . . . .      3,060       3,400
                                                                   ----------  ----------

    TOTAL ASSETS. . . . . . . . . . . . . . . . . . . . . . . . .  $  11,387   $  60,829


LIABILITIES AND STOCKHOLDERS' EQUITY
-----------------------------------------------------------------

CURRENT LIABILITIES
-----------------------------------------------------------------
  Loan from stockholder . . . . . . . . . . . . . . . . . . . . .      7,412       7,196
    TOTAL CURRENT LIABILITIES . . . . . . . . . . . . . . . . . .      7,412       7,196
-----------------------------------------------------------------

STOCKHOLDERS' EQUITY
-----------------------------------------------------------------
  Common stock ($.001 par value, 50,000,000 shares authorized:
   8,832,000 issued and outstanding). . . . . . . . . . . . . . .      8,832       8,832
  Preferred stock ($.001 par value, 5,000,000 shares authorized:
   none issued and outstanding) . . . . . . . . . . . . . . . . .        -0-         -0-
  Additional paid-in-capital. . . . . . . . . . . . . . . . . . .    468,460     468,460
  Retained deficit. . . . . . . . . . . . . . . . . . . . . . . .   (473,317)   (423,659)
    TOTAL STOCKHOLDERS' EQUITY. . . . . . . . . . . . . . . . . .      3,975      53,633
-----------------------------------------------------------------

    TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY. . . . . . . . . .  $  11,387   $  60,829
</TABLE>





<TABLE>
<CAPTION>


                                                       XENICENT, INC.
                                            STATEMENTS OF OPERATIONS (UNAUDITED)
                                  FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2001 AND 2000

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

                                                 Three Months Ended June 30,    Six Months Ended June 30,
                                                       2001            2000         2001         2000
                                        -----------------------------------------------------------------
REVENUES AND COST OF SALES:
--------------------------------------
  Contract sales . . . . . . . . . . .  $                -0-   $          -0-   $      -0-   $  322,974
  Cost of sales. . . . . . . . . . . .                   -0-              -0-          -0-     (253,260)
    Gross Profit . . . . . . . . . . .                   -0-              -0-          -0-       69,714

OPERATING EXPENSES:
--------------------------------------
  Selling, general and administrative.                 6,244           50,400       48,185      198,201
    TOTAL EXPENSES . . . . . . . . . .                 6,244           50,400       48,185      198,201

    OPERATING INCOME . . . . . . . . .                (6,244)         (50,400)     (48,185)    (128,487)

OTHER INCOME (EXPENSE):
--------------------------------------
  Interest expense . . . . . . . . . .                  (108)            (705)      (1,473)        (813)
    TOTAL OTHER INCOME (EXPENSE) . . .                  (108)            (705)      (1,473)        (813)

    LOSS BEFORE TAXES. . . . . . . . .                (6,352)         (51,105)     (49,658)    (129,300)

    INCOME TAX BENEFIT . . . . . . . .                    -0-           4,300          -0-        9,800

    NET LOSS . . . . . . . . . . . . .  $             (6,352)  $      (46,805)  $  (49,658)  $ (119,500)

  Net loss per common share
  Basic & fully diluted. . . . . . . .                    **   $        (0.01)  $    (0.01)  $    (0.01)

  Weighted average common
  shares outstanding*. . . . . . . . .             8,832,000         8,000,000    8,832,000    8,000,000

</TABLE>


     *Includes  retroactive  80,000  for  1  forward
     stock  split  done  during  the  year  2000.
     **  Less  than  $.01






<TABLE>
<CAPTION>


                                 XENICENT, INC.
                      STATEMENTS OF CASH FLOWS (UNAUDITED)
                FOR THE SIX MONTHS ENDED MARCH 31, 2001 AND 2000

<S>                                                  <C>        <C>
                                                       2001        2000
CASH FLOWS FROM OPERATING ACTIVITIES:
---------------------------------------------------
  Net loss. . . . . . . . . . . . . . . . . . . . .  $(49,658)  $(119,500)
  Adjustments to reconcile net loss to net
  cash provided by operating activities:
    Depreciation. . . . . . . . . . . . . . . . . .       340         340
    (Increase) decrease in operating assets:
      Inventories . . . . . . . . . . . . . . . . .       -0-     216,488
      Recoverable income taxes. . . . . . . . . . .    12,700      (9,800)
    Increase (decrease) in operating liabilities:
      Accounts payable. . . . . . . . . . . . . . .       -0-      48,100
      Income taxes payable. . . . . . . . . . . . .       -0-     (15,544)

      NET CASH PROVIDED BY (USED IN)
      OPERATING ACTIVITIES. . . . . . . . . . . . .   (36,618)    120,084

CASH FLOWS FROM FINANCING ACTIVITIES:
---------------------------------------------------
  Proceeds from and additions to stockholder loans.       216      10,000
  Repayments of stockholder loans . . . . . . . . .       -0-    (132,076)

      NET CASH PROVIDED BY (USED IN)
      FINANCING ACTIVITIES. . . . . . . . . . . . .       216    (122,076)

      NET INCREASE (DECREASE) IN
      CASH AND CASH EQUIVALENTS . . . . . . . . . .   (36,402)     (1,992)

CASH AND CASH EQUIVALENTS:
---------------------------------------------------
      Beginning of period . . . . . . . . . . . . .    44,729       4,795

      End of period . . . . . . . . . . . . . . . .  $  8,327   $   2,803
</TABLE>













                                 XENICENT, INC.
                          NOTES TO FINANCIAL STATEMENTS
                            June 30, 2001 (UNAUDITED)


ITEM  1.
--------

NOTE  1  -  BASIS  OF  PRESENTATION

The accompanying unaudited condensed consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for interim
financial  information  and  pursuant  to  the  rules  and  regulations  of  the
Securities  and Exchange Commission. Accordingly, they do not include all of the
information  and  footnotes required by generally accepted accounting principles
for  complete  financial  statements.

In  the  opinion  of  management, the unaudited condensed consolidated financial
statements  contain all adjustments consisting only of normal recurring accruals
considered  necessary to present fairly the Company's financial position at June
30,  2001,  the  results  of operations for the three and six month period ended
June  30,  2001  and 2000, and cash flows for the six months ended June 30, 2001
and  2000.  The  results for the period ended June 30, 2001, are not necessarily
indicative  of  the  results  to  be  expected for the entire fiscal year ending
December  31,  2001.

NOTE  2  -  EARNINGS  (LOSS)  PER  SHARE

The  following  represents  the  calculation  of  earnings  (loss)  per  share:

                         Three         Three        Six           Six
                         Months  Ended Months Ended Months  Ended Months  Ended
BASIC  & FULLY DILUTED*  June 30, 2001 June 30, 2000 June30, 2001 June 30, 2000
-------------------------------------------------------------------------------
Net  loss               $     (6,352)  $    (46,805) $(49,658)    $    (119,500)

Less-  preferred  stock  dividends
                                -0-              -0-     -0-               -0-
-------------------------------------------------------------------------------
Net  loss               $     (6,352)  $     (46,805)$(49,658)    $  (119,500)
Weighted  average  number
Of  common shares          8,832,000       8,000,000  8,832,000      8,000,000
-------------------------------------------------------------------------------

Basic  &  fully  diluted*
loss  per share         $        **    $       (.01)$     (.01)   $      (.01)
                        ======================================================
*  The  Company  had  no  common  stock equivalents during the periods presented
**  Less  than  $.01








ITEM  2.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION
--------

With  the  exception of historical facts stated herein, the matters discussed in
this  report  are  "forward  looking"  statements  that  involve  risks  and
uncertainties  that  could  cause  actual  results  to  differ  materially  from
projected  results.  Such  "forward  looking"  statements  include,  but are not
necessarily  limited  to,  statements  regarding  anticipated  levels  of future
revenues and earnings from operations of the Company. Readers of this report are
cautioned  not to put undue reliance on "forward looking" statements, which are,
by  their  nature,  uncertain  as reliable indicators of future performance. The
Company  disclaims  any  intent  or obligation to publicly update these "forward
looking"  statements,  whether as a result of new information, future events, or
otherwise.  In  addition  the  uncertainties  include,  but  are  not limited to
competitive  conditions involving land development and the sales of real estate.

GENERAL  DESCRIPTION  OF  BUSINESS
----------------------------------

Business  Development.

We  were  incorporated  in  North  Carolina  on  July  26,  1996  as  Great Land
Development  Co.  We  changed  our  name  to Xenicent, Inc. on November 8, 2000.
Since  our  incorporation  as Great Land Development Co., we have engaged in the
business of real estate consulting and purchasing and reselling vacant tracts of
land,  primarily  in the North Carolina area.  We have never been the subject of
any  bankruptcy  or  receivership.  We  have  had  no material reclassification,
merger, consolidation, or purchase or sale of a significant amount of assets not
in  the  ordinary  course  of  business.

OUR  LAND  DEVELOPMENT  BUSINESS:
---------------------------------

We  have  a  real  estate  real  estate  development business.  Real estate land
development  consists  of  purchasing  the land, and actually completing all the
evaluations  at  our  own  expense,  as  follows:
     Providing  site  inspections;
     Reviewing  environmental  engineering  reports;
     Arranging  for  surveyors  to  determine  property  lines;
     Encroachments,  where  lakes  and  environmental  impacts  are  located  in
conjunction  to  the  developable  land;
     Obtaining  bank  financing;
     Completing  zoning  approvals

We  have  targeted  North Carolina as our principal market.  In Charlotte, North
Carolina,  approximately  10,000 single housing units are being built each year.
An  additional 5,000 units are being built each year in the counties surrounding
Charlotte.

 We  have targeted South Carolina to a lesser extent.  We have not conducted any
real  estate  development  in South Carolina or have any contracts providing for
any  real  estate  development.  In addition, we have not developed any contacts
with  developers, subcontractors or any other real estate affiliated entities to
assist  us  in  conducting  our business in South Carolina.  We currently do not
have a timetable for targeting properties in South Carolina and do not expect to
do  so  until  our  real  estate  development  is  underway  in  North Carolina.

Our  success  will be dependent upon implementing our plan of operations and the
risks  associated  with  our  business  plans. We operate a land development and
resale  business  in the Charlotte, North Carolina area. We also plan to provide
land  development  consulting  services  to  various  unrelated  developers  and
builders.  We  plan  to  strengthen  our  position in these markets.  We plan to
expand  our  operations  through  our  acquisition  and/or  development  of land
parcels.

We  presently  have  no  land  parcels  available for resale, nor do we have any
contracts  to  purchase  land  parcels.  In  addition,  we  are not currently in
negotiations  for  the  purchase of any land parcels. We anticipate that we will
begin  to locate and negotiate for the purchase of land tracts in North Carolina
during  the  third  quarter of 2001.   We hope to acquire additional real estate
parcels this year, and to utilize the proceeds from the resale of those parcels,
along with its revenues from consulting services, to pay our operating costs for
the  next twelve months; however, there are no assurances that this revenue will
be  sufficient  to  cover our operating costs.  Accordingly, if our revenues are
not sufficient, we will rely upon capital infusions from our president; however,
there are no assurances that our president will have sufficient funds to provide
such  capital  infusions.

OUR  REAL  ESTATE  CONSULTING  BUSINESS:
----------------------------------------

Our real estate consulting business, on the other hand, performs essentially the
same  tasks  as our real estate development business, but is not responsible for
actually completing and paying for the labor to be completed. Additionally, with
consulting  one  of  our  primary  objectives  is  to  link the seller and buyer
together  and  help  the  buyer  achieve  these  evaluations  at  their expense.

OUR  LAND  DEVELOPMENT AND REAL ESTATE CONSULTING SERVICES REQUIRE US TO PERFORM
--------------------------------------------------------------------------------
THE  FOLLWING  TASKS:
---------------------

1.     Zoning  Approval

Prior  to  purchase  of  any land parcels, we will obtain verification of zoning
approval from the local county and city governments.  After the purchase of land
tracts,  we  will  seek to obtain governmental zoning approvals to build houses,
condominiums, and townhouses, as the land would allow for what we perceive to be
the  most  advantageous  use.

2.     Soil  Testing

Prior  to  the  purchase  of  land  tracts,  we will obtain and arrange for soil
testing from a North Carolina soil surveyor.  We will obtain complete soil tests
from  certified  soil  engineers  to  determine  the  quality  of  the  soil for
construction  of  buildings  or  homes.

3.     Recorded  and  Approved  Plot  Plan

Prior  to  purchasing  land  tracts, we will obtain a recorded and approved plot
plan. We will obtain complete approvals stamped by the local registry of deed of
subdivision  approvals.

4.     Existing  Wetland

Prior  to  purchasing land tracts, we will obtain maps indicating where existing
wetlands  are  located.  We  will  obtain  from  local engineering firms wetland
evaluations  for parcels of lands.  Our assessment will include site inspections
and  our  review  of  detailed  maps.

5.     Survey

Prior  to  purchasing  land tracts, we will arrange for a stamped North Carolina
surveyor  that will conduct a survey that includes a complete listing of all the
features required by law to be in a certified survey, including metes and bounds
distance total number of acres, streams, public easements, private easements and
topography  of  the  site.

6.     Sketch  Plan

Prior  to  purchasing  land tracts, we will arrange for a sketch plan indicating
where  trees  and  bushes are required to be planted within the subdivision.  We
will  provide  a complete parks and recreation artist sketch plan that indicated
where  all  required  improvements  must  be  located.

7.     Public  Agencies  that  Regulate  Land  Development

We  will  assemble  names  and address of all public agencies that regulate land
development,  with  the following information for our or our consulting client's
personal  records:
-     Name  of  city  with  jurisdiction;
-     Name  of  county  with  jurisdiction;
-     Name  of  planning  director;
-     Name  of  City  Engineer;
-     Name  of  waste  authority;
-     Name  of  sewer  authority;  and
-     Name  and  contact  of  State Department of Transportation driveway permit
approvals

8.     Permits

We  will  obtain copies of permits for necessary governmental agencies.  We will
provide  all  copies  and  a checklist necessary to verify all existing permits.

9.     U.S.  Core  of  Engineers

We  will obtain copies of U.S. Core of Engineers acknowledging their approval of
all  impacted  areas. We will provide all information to acknowledge that the US
Core  of  Engineers  has  completed  a  proper  assessment.

10.     Driveway  Permits

We will obtain copies of State Department of Transportation driveway permits. We
will  obtain  full  maps  and permits as was approved by the State Department of
Transportation.

11.     Proposed  Roads  and  Roadways

We  will  obtain  copies of all approved road plans. We will obtain all maps and
engineering  road profiles as would be required to obtain approvals to construct
any  proposed  road  or  roadways.

12.     Sewerage  Disposal

We  will  obtain  notices of approvals of proper sewerage disposal. We will also
obtain  flow and volume calculations and total sewerage discharge into public or
private  systems.  Flow and volume calculations indicate the ability of specific
sewer lines to handle certain quantities of sewerage. We use the flow and volume
calculations  for  the  purpose  of:
-     Sizing  of  pipes
-     To  design  additional  sewers
-     Measure  the  rate  and  volume  of  sewerage  intake  into existing lines

13.     Water  Use

We will obtain all the necessary calculations from testing as may be required by
local  and state authorities to assure adequate drinking water standards.  These
water  quality  calculations  are always done before purchase of the property to
attempt  to mitigate such a situation. We would not purchase a property that did
not  have an adequate public water supply.  These calculations would consist of:
-     Availability  of  proper  flow  of  water,  based  on  anticipated  water
consumption
-     Water  quality  testing  to  ensure  safe drinking water that would detect
acceptable  levels  of  bacteria,  nutrients,  and  chemical.

The  purpose  of  obtaining  these  calculations is to ensure adequacy of public
water  quality.

14.     Endangered  Species

We will obtain copies of all endangered species affecting the property.  We will
obtain  a  site  visit  by  a  licensed  engineer to determine the impact of any
endangered  species.  We  will  also have the property reviewed by an endangered
species  specialist  to  determine  the  existence  and impact of any endangered
species.  If  we  receive  adverse  information  regarding  endangered  species
affecting  the property and we determine that the endangered species are adverse
to  our  intended use of the property, we would not proceed with the purchase pf
the  property.

15.     Historical  Designation

We  will  obtain copies of all historical designation affecting the property. We
will  obtain  a  site  visit  by  a licensed engineer to determine the impact of
historical  designations.  If the property has historical designation status, we
will apply for permit approval that is consistent with the location's historical
designation. If we are unable to receive permits for our intended use due to the
location's  historical designation, we will not proceed with the purchase of the
property  or  we  will  recommend  against  the  purchase of the property to our
consulting  client.



16.     Engineering  Department  Approvals

We will obtain approval letters from local governmental engineering departments.
All  approvals  from  the  local  and state engineering departments will include
necessary  site  visits  and  approval meeting all requirements. Each individual
municipality  and  city  has  its own engineering department with its own set of
rules.  Each  engineering department publishes various requirements pertinent to
the  local  area  such  as:
-     Road  design;
-     Site  design;
-     Water  services;
-     Sewer  service;
-     Police  and  fire  protection.

Prior  to  purchase  of  a  property,  we  review these regulations to determine
whether  our  future  development  is economically feasible; if not, we will not
proceed  with  the  purchase of the land or we will recommend against proceeding
with  the  purchase  of  the  land  to  our  consulting  client.

17.     Variance  Board  Approvals

We will obtain all variance board approvals.  We will obtain all correspondences
and  approvals  from  any  variances board necessary to achieve our approvals to
accommodate development that otherwise would not be approved within their normal
building  usage, including possible petitions and exception applications for our
intended  use  of  the  land.  Generally, these requirements are reviewed by the
appropriate  city  council to determine whether the project is beneficial to the
city.  If  we are unable to obtain variance board approvals we will petition the
city  council  for an exception for the use of the land or recommend such action
to  our  consulting  client.  We will also attempt to get the community involved
through  written  petitions if the project is believed to add value to the local
area. If we are still unable to gain variance approval, we will not purchase the
property  or  recommend  against the property purchase to our consulting client.

18.     Complete  Approvals  of  Proposed  Builders'  Approvals

We  will  obtain  all  necessary  documentation  to verify complete approvals of
proposed builders' approvals.  Builder's approvals show that the property can be
used for the builder's desired purpose.  Builder's approvals are obtained by the
builder  and  are written into the contract prior to purchase to ensure that the
builder  can  develop  the  property  as  desired.

RESULTS  OF  OPERATIONS
-----------------------

Net  Income

The  Company had a net loss of $(6,352), or less than $.01 per common share, for
the  three  months  ended June 30, 2001, versus a net loss of $(46,805), or $.01
for  the  same  period ended June 30, 2000. The change in net loss was primarily
due  to  a  decrease  in  total  operating  expenses  offset  by the fact no new
construction  contracts  or  consulting  services  were performed by the Company
during  the  second  quarter.



The  Company  had a net loss of $(49,658) for the six months ended June 30, 2000
versus a net loss of $(119,500) for the same period in 2000. The decrease in net
loss  for  this period is also attributable to the lesser amount of construction
and  consulting  activity  during  the  first  six  months  of  2001.

The  Company  anticipates  losses  to continue through the remainder of 2001 and
expects to achieve profitability during 2002. However, there can be no assurance
that  profitability  will  be  attained  or  maintained  next  fiscal  year.

Sales

The Company did not have revenues for the first six months of the year, as there
were  no  new  construction  contracts  initiated and no new consulting services
performed. During 2000, the Company had revenues from contract sales of $322,974
in  the  comparable  periods. The decrease was primarily due the Company seeking
out larger properties to develop in its local area. However, the Company has not
succeeded  in  locating  any  new  projects. The Company does not expect to have
additional  contract  revenues  until  September  of  2001.

Expenses

Operating expenses for the three months ended June 30, 2001 decreased $40,453 to
$6,352.  In  comparison  with  the  three  month  period  ended  June  30, 2000,
advertising,  land  evaluation and management fees decreased $7,380, $31,383 and
92,577,  respectively  since  the Company was not operating any new construction
projects.  Professional  fees  increased  $16,230  in  connection with legal and
accounting  services  associated  with the Company's SB-2 registration statement
filed  with  the  Securities  and  Exchange  Commission.

Liquidity  and  Capital  Resources

On  June  30,  2001, the Company had cash of $8,327 and working capital of $915.
This  compares  with  cash of $2,803 and a working capital deficit of $45,297 at
June 30, 2000. The increase in working capital was due to an increase in cash as
the  result  of  stock  proceeds in the fourth quarter of 2000 and a decrease in
accounts  payable.

Net  cash used in operating activities was $36,618 for the six months ended June
30,  2001 as compared with net cash provided by operating activities of $120,084
for  the  same  period  ended  June  30,  2000. The decrease in cash provided by
operations was primarily attributable to a decrease in $216,488 of inventory for
the  first  quarter  of 2000 due to the Company selling its final parcel of land
held  in  inventory.

Net  cash provided by financing activities totaled $216 for the six months ended
June 30, 2001 as compared with net cash used in financing activities of $122,076
for  the  six  months  ended June 30, 2000. The Company had repaid loans due its
majority  stockholder  during 2000 that attributed to the cash used in financing
activities  during  that  period.

PART  II.  OTHER  INFORMATION
---------

Item  1.  Legal  Proceedings

None.

Item  2.  Changes  in  Securities

None.

Item  3.  Defaults  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

None




                                   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.

                                        XENICENT,  INC.
                                        ---------------
                                        (Registrant)


                                        /S/Duane  Bennett,  President
Date:  June  29,  2001                  __________________________
                                        Duane  Bennett,  President