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
                                    --------------    ---------------


                       Commission File No. 333-53458


                         PCS EDVENTURES!.COM, INC.
                       -----------------------------
              (Name of Small Business Issuer in its Charter)


           IDAHO                                        82-0475383
           -----                                        ----------
   (State or Other Jurisdiction of                 (I.R.S. Employer I.D. No.)
    incorporation or organization)

                     1655 Fairview Avenue, Suite #100
                             Boise, Idaho 83702
                        ---------------------------
                 (Address of Principal Executive Offices)

                Issuer's Telephone Number:  (208) 343-3110


Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Sections 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 such filing requirements for the past 90 days.

(1)  Yes  X     No                 (2)  Yes  X      No
         ---     ---                        ---      ---

<PAGE>
             APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                PROCEEDINGS DURING THE PRECEDING FIVE YEARS

                              Not applicable.


                   APPLICABLE ONLY TO CORPORATE ISSUERS

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

                                 12,550,984

                                June 30, 2001


                      PART I - FINANCIAL INFORMATION


Item 1.   Financial Statements.

          The Financial Statements of the Registrant required to be filed with
this 10-QSB Quarterly Report were prepared by management, and commence on the
following page, together with Related Notes.  In the opinion of management,
the Financial Statements fairly present the financial condition of the
Registrant.
<PAGE>
                    PCS EDVENTURES!.COM, INC.

                CONSOLIDATED FINANCIAL STATEMENTS

                 June 30, 2001 and March 31, 2001
<PAGE>
<TABLE>
                    PCS EDVENTURES!.COM, INC.
                   Consolidated Balance Sheets
<CAPTION>

                              ASSETS

                                                  June 30,         March 31,
                                                   2001             2001
                                                (Unaudited)
<S>                                              <C>            <C>
CURRENT ASSETS

     Cash                                         $   11,869     $   4,654
     Accounts receivable, net                         78,343         24,222
     Prepaid expenses                                106,938        124,607

          Total Current Assets                       197,150        153,483

FIXED ASSETS (NET)                                   147,460        164,880

OTHER ASSETS

     Prepaid expenses                                 26,183         48,459
     Deposits                                          7,000          7,000

          Total Other Assets                          33,183         55,459

          TOTAL ASSETS                            $  377,793     $  373,822
</TABLE>
The accompanying notes are an integral part of these consolidated financial
statements.
<PAGE>
<TABLE>
                    PCS EDVENTURES!.COM, INC.
             Consolidated Balance Sheets (Continued)
<CAPTION>

          LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

                                                  June 30,         March 31,
                                                    2001               2001
                                                 (Unaudited)
<S>                                               <C>           <C>
CURRENT LIABILITIES

     Accounts payable                             $  115,297     $  161,260
     Notes payable - related parties                  80,135        130,132
     Notes payable                                   564,124        145,243
     Bank overdraft                                   30,824         35,296
     Wages payable                                    24,397         22,268
     Payroll taxes payable                            13,337         18,006
     Accrued interest                                  6,654          6,654
     Accrued contingencies                               -            1,938
     Accrued expenses                                112,663         87,380
     Unearned revenue                                179,796         29,785

          Total Current Liabilities                1,127,227        637,962

LONG-TERM DEBT

     Notes payable                                       -            4,014

          Total Long-Term Debt                           -            4,014

          Total Liabilities                        1,127,227        641,976

STOCKHOLDERS' EQUITY (DEFICIT)

     Common stock, no par value, authorized
      50,000,000 shares; 12,550,984 and
      12,383,959 shares issued and
      outstanding, respectively                   21,273,465     21,247,795
     Accumulated deficit                         (22,022,899)   (21,515,949)

          Total Stockholders' Equity (Deficit)      (749,434)      (268,154)

          TOTAL LIABILITIES AND STOCKHOLDERS'
           EQUITY (DEFICIT)                     $    377,793     $  373,822
</TABLE>
The accompanying notes are an integral part of these consolidated financial
statements.
<PAGE>
<TABLE>
                    PCS EDVENTURES!.COM, INC.
              Consolidated Statements of Operations
                           (Unaudited)
<CAPTION>
                                            For the Three Months Ended
                                                      June 30,
                                                 2001           2000

<S>                                          <C>             <C>
REVENUE                                       $    58,526     $   51,129

COST OF GOODS SOLD                                 28,557         19,429

GROSS PROFIT                                       29,969         31,700

OPERATING EXPENSES

     Depreciation expense                          18,450         17,480
     General and administrative                   502,650        329,751

          Total Operating Expenses                521,100        347,231

OPERATING LOSS                                   (491,131)      (315,531)

OTHER INCOME AND EXPENSES

     Interest expense                             (15,834)        (4,593)
     Interest income                                   15              -

          Total Other Income and Expenses         (15,819)        (4,593)

NET LOSS                                     $   (506,950)    $ (320,124)

BASIC LOSS PER SHARE                         $      (0.04)    $    (0.04)

WEIGHTED AVERAGE NUMBER OF
 SHARES OUTSTANDING                            12,467,924      8,332,476
</TABLE>
The accompanying notes are an integral part of these consolidated financial
statements.
<PAGE>
<TABLE>
                    PCS EDVENTURES!.COM, INC.
    Consolidated Statements of Stockholders' Equity (Deficit)
<CAPTION>
                                             Common Shares     Accumulated
                                       Shares        Amount       Deficit
<S>                                  <C>           <C>          <C>
Balance, March 31, 2000               8,247,714    $ 18,528,262  $(18,834,588)

Common stock issued for services at
 an average price of $0.52 per share    450,237         232,422           -

Warrants granted below market value
 and exercised for cash at $0.75 per
 share                                  203,161         152,371           -

Stock offering costs                        -          (150,339)          -

Common stock issued for prepaid
 services at $0.71 per share            100,000          71,000           -

Common stock issued to board members
 for services at $0.71 per share      1,500,000       1,065,000           -

Options granted below market value          -            84,463           -

Common stock issued for cash at $0.75
 per share                            1,599,588       1,199,691           -

Stock offering costs                        -          (143,075)          -

Common stock issued to purchase assets
 at $0.75 per share                     200,000         150,000           -

Common stock issued for note
 consideration at $0.75 per share        24,000          18,000           -

Common stock issued for conversion of
 warrants at $0.67 per share             59,259          40,000           -

Net loss for the year ended
 March 31, 2001                             -               -      (2,681,361)

Balance, March 31, 2001              12,383,959      21,247,795   (21,515,949)

Common stock issued for conversion of
 debt at $0.25 per share (unaudited)    100,000          25,000           -


Common stock issued for conversion of
 warrants at $0.75 per share
(unaudited)                              67,025          50,269           -

Stock offering costs (unaudited)            -           (49,599)          -

Net loss for the three months ended
 June 30, 2001 (unaudited)                  -               -        (506,950)

Balance, June 30, 2001 (unaudited)   12,550,984    $ 21,273,465  $(22,022,899)
</TABLE>
The accompanying notes are an integral part of these consolidated financial
statements.
<PAGE>
<TABLE>
                    PCS EDVENTURES!.COM, INC.
              Consolidated Statements of Cash Flows
                           (Unaudited)
<CAPTION>
                                                      For the
                                                Three Months Ended
                                                      June 30,
                                                 2001         2000
<S>                                           <C>               <C>
CASH FLOWS FROM OPERATING ACTIVITIES

 Net loss                                      $ (506,950)   $ (320,124)
 Adjustments to reconcile net (loss) to net
 cash used by operating activities:
  Depreciation                                     18,450        17,480
  Common stock issued for services                      -        89,922
 Changes in operating assets and liabilities:
  (Increase) decrease in accounts receivable      (54,121)       (9,909)
  (Increase) decrease in prepaid expenses          39,944        (2,375)
  (Increase) decrease in notes receivable               -         4,100
  Increase (decrease) in accounts payable and
   accrued liabilities                              1,782        (6,969)
  Increase (decrease) in interest payable               -        10,898
  Increase (decrease) in commitments and
   contingencies                                   (1,938)       (1,035)
  Increase in unearned revenue                    150,011         7,770

   Net Cash (Used) by Operating Activities       (352,822)     (210,242)

CASH FLOWS FROM INVESTING ACTIVITIES

 Purchase of fixed assets                          (1,030)      (78,333)

   Net Cash (Used) by Investing Activities         (1,030)      (78,333)

CASH FLOWS FROM FINANCING ACTIVITIES

 Increase (decrease) in cash overdraft              (4,471)         920
 Proceeds from related parties                      10,000      245,755
 Payments to related parties                       (60,000)           -
 Payments on long-term debt                        (59,632)     (36,025)
 Proceeds from long-term debt                      474,500            -
 Proceeds from common stock                            670            -

   Net Cash Provided by Financing Activities       361,067      210,650

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS     7,215      (77,925)

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD     4,654       78,125

CASH AND CASH EQUIVALENTS AT END OF PERIOD       $  11,869    $     200
</TABLE>
The accompanying notes are an integral part of these consolidated financial
statements.
<PAGE>
<TABLE>
                    PCS EDVENTURES!.COM, INC.
        Consolidated Statements of Cash Flows (Continued)
                           (Unaudited)

<CAPTION>
                                                      For the
                                                Three Months Ended
                                                      June 30,
                                               2001                 2000
<S>                                           <C>              <C>
NON-CASH INVESTING AND FINANCING ACTIVITIES:

 Issuance of stock for payment on notes payable
  and interest                                   $     25,000    $       -
 Common stock issued for services                $          -    $  89,922

Cash Paid For:

 Interest                                        $     15,834    $       -
 Income taxes                                    $          -    $       -
</TABLE>
The accompanying notes are an integral part of these consolidated financial
statements.
<PAGE>
                    PCS EDVENTURES!.COM, INC.
          Notes to the Consolidated Financial Statements
                 June 30, 2001 and March 31, 2001


NOTE 1 -  BASIS OF FINANCIAL STATEMENT PRESENTATION

       The accompanying unaudited condensed consolidated financial
       statements have been prepared by the Company 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 in accordance with such
       rules and regulations.  The information furnished in the interim
       condensed consolidated financial statements include normal recurring
       adjustments and reflects all adjustments, which, in the opinion of
       management, are necessary for a fair presentation of such financial
       statements.  Although management believes the disclosures and
       information presented are adequate to make the information not
       misleading, it is suggested that these interim condensed consolidated
       financial statements be read in conjunction with the Company's most
       recent audited financial statements and notes thereto included in its
       March 31, 2001 Annual Report on Form 10-KSB.  Operating results for
       the three months ended June 30, 2001 are not necessarily indicative
       of the results that may be expected for the year ending March 31,
       2002.

NOTE 2 - DILUTIVE INSTRUMENTS

       a.  Stock Options

       The Company applied Accounting Principles Board ("APB") Option 25,
       "Accounting for Stock Issued to Employees," and related
       interpretations in accounting for all stock option plans.  Under APB
       Option 25, compensation cost is recognized for stock options granted
       to employees when the option price is less than the market price of
       the underlying common stock on the date of grant.

       FASB Statement 123, "Accounting for Stock-Based Compensation" (SFAS
       No. 123"), requires the Company to provide proforma information
       regarding net income and net income per share as if compensation
       costs for the Company's stock option plans and other stock awards had
       been determined in accordance with the fair value based method
       prescribed in SFAS No. 123.  The Company estimates the fair value of
       each stock award at the grant date by using the Black-Scholes option
       pricing model with the following weighted average assumptions used
       for grants, respectively; dividend yield of zero percent for all
       years; expected volatility of 84% to 112% percent for all years;
       risk-free interest rates of 6% and expected lives of 3 years.
<PAGE>
                    PCS EDVENTURES!.COM, INC.
          Notes to the Consolidated Financial Statements
                 June 30, 2001 and March 31, 2001


NOTE 2 -  DILUTIVE INSTRUMENTS (Continued)

       The Company has granted the following options as of June 30, 2001:

                      Date of    Exercise    Exercise   Amount   Expiration
        Description    Grant      Number      Price    Exercised     Date

        1) Employee   2-05-00     50,000     $   0.75      -       2-05-03
        2) Officers/
           directors  4-20-00    600,000     $   0.75      -       4-20-03
        3) Employee   6-01-00     45,000     $   0.75      -       6-01-03
        4) Consultant 9-20-00    200,000     $   0.50      -       9-20-03
        5) Employees  9-01-00    200,000     $   0.75      -       9-01-03
        6) Director  10-01-00    200,000     $   0.75      -      10-01-03
        7) Employee   1-05-01     25,000     $   0.75      -       1-05-04
        8) Employee   6-15-01     25,000     $   0.75      -       6-15-04

                               1,345,000


                                Risk-Free
                        Fair    Interest     Expected  Expected    Expected
        Description     Value     Rate         Life    Volatility  Dividends

        1) Employee    $   0.46   6.05%         3        92.82%       0
        2) Officers/
           directors   $   0.46   6.15%         3        91.32%       0
        3) Employee    $   0.46   6.15%         3        92.82%       0
        4) Consultant  $   0.42   6.15%         3        89.37%       0
        5) Employees   $   0.52   6.21%         3        85.69%       0
        6) Director    $   0.52   6.21%         3        84.39%       0
        7) Employee    $   0.52   6.21%         3        84.39%       0
        8) Employee    $   0.74   6.15%         3       112.19%       0

        On January 19, 2000, the Company authorized the issuance of options
        to any individual board member or key management personnel to
        purchase 800,000 shares of the Company's common stock at a price of
        $0.75 per share.  On February 5, 2000, the Company granted 50,000 of
        these options to an employee.

        On April 20, 2000, the Company granted 600,000 options to officers
        and directors out of the 800,000 authorized on January 19, 2000.  On
        October 1, 2000, the Company granted the remaining 150,000 options
        authorized to a director.  All of the option exercise prices are
        $0.75 per share with a fair value determined by Black Scholes of
        $0.46 and $0.52, respectively.

        On April 20, 2000, the Company authorized the granting of 400,000
        options to employees and directors.  On June 1, 2000, the Company
        granted 45,000 options to an employee.  On September 1, 2000, the
        Company granted 200,000 options to four employees.  On October 1,
        2000, the Company granted 50,000 options to a director.  On January
        5, 2001, the Company granted 25,000 options to an employee.  On
        March 31, 2001, the Company had not granted 80,000 options.  Each
        option granted has an exercise price of $0.75 per option and a 3-
        year life with a fair value determined by Black Scholes of $0.46,
        $0.52, $0.52 and $0.52, respectively.
<PAGE>
                    PCS EDVENTURES!.COM, INC.
          Notes to the Consolidated Financial Statements
                 June 30, 2001 and March 31, 2001


NOTE 2 - DILUTIVE INSTRUMENTS (Continued)

        On September 22, 2000, the Company authorized the granting of
        250,000 options to employees and directors of the Company with
        exercise prices of $0.75 and a 3-year life.

NOTE 3 - MATERIAL EVENTS

        Private Placement Memorandum

        The Company authorized a private placement offering memorandum (PPM)
        for $100,000 minimum and a maximum of $750,000.  The Company has
        pledged all of its tangible and intangible assets as security for
        any amounts raised.  The offering is to be sold in units of $1,000
        each.  Each unit consists of a twelve-month promissory note bearing
        interest at 85, payable quarterly in arrears.  The PPM also provides
        for the company to grant up to 337,500 warrants exercisable six
        months after the close of the PPM at $0.01 per share.  The Company
        has raised approximately $475,000 as of June 18, 2001.

        Related Party Transaction

        The Company paid off $60,000 of the related party note payable with
        proceeds from the private placement memorandum.

NOTE 4 - SUBSEQUENT EVENTS

        The Company signed a promissory note with a shareholder for $5,000.
        Monthly payments will start on September 1, 2001 and the note bears
        an interest rate of 10%.
<PAGE>

Item 2.   Management's Discussion and Analysis or Plan of Operation.
--------------------------------------------------------------------

Plan of Operation.
------------------

         For the near-term, we have two objectives.  First, it is our intent
to focus our marketing efforts to increase sales of our Academy of Engineering
Lab and our Edventures! Lab.  We are working with a local public relations
firm to increase corporate, brand and product awareness.  In addition, we have
recently launched an updated version of our Edventures!.com subscription
web site.  We have engaged in several joint-ventures to market our
subscription model to various target markets which we have identified.  Our
Second objective involves our ongoing commitment to product development.  We
have dedicated resources to curriculum and content development.  It is our
desire to remain on the leading edge of project-based learning within the
education marketplace.

Results of Operations.
----------------------

Three months ended June 30, 2001, compared to three months ended June 30,
2000.
-----

         Revenues for the three month period ended June 30, 2001, increased
to $58,526 as compared to $51,129 for the three month period ended June 30,
2000.

         General and administrative costs have risen to $502,650 for the three
month period ended June 30, 2001, as compared to $329,751 for the three
month period ended June 30, 2000.  Other general and administrative costs,
such as payroll, marketing and legal, have increased as the Company has begun
to implement its business plan.

         Interest expense for the three month period ended June 30, 2001,
decreased to $15,834 as compared to $4,593 for the three month period ended
June 30, 2000.

Liquidity and Capital Resources.
--------------------------------

          We had cash of $11,869, at June 30, 2001.  Management believes that
our current cash on hand at June 30, 2001, will be sufficient to meet our
expenses during the next 12 months.

         The Company is conducting a Private Placement Offering for $100,000
minimum and a maximum of $750,000; the Company has raised approximately
$475,000 as of June 18, 2001.  This offering is a debt offering that is
briefly described in Item 5 of this report.


                        PART II - OTHER INFORMATION

Item 1.   Legal Proceedings.
----------------------------

          None; not applicable.

Item 2.   Changes in Securities and Use of Proceeds.
---------------------------------------------------

          None; not applicable.

Item 3.   Defaults Upon Senior Securities.
------------------------------------------

          None; not applicable.

Item 4.   Submission of Matters to a Vote of Security Holders.
--------------------------------------------------------------

          None; not applicable.

Item 5.   Other Information.
----------------------------

          The Company authorized a private offering pursuant to a private
placement memorandum (the "PPM") for a $100,000 minimum and a maximum of
$750,000.  The Company has pledged all of its tangible and intangible assets
as security for any amounts raised.  The offering is to be sold in units of
$1,000 each.  Each unit consists of a 12 month promissory note bearing
interest at 8%, payable quarterly in arrears.  The PPM also provides for the
Company to grant up to 337,500 warrants exercisable six months after the close
of the PPM at $0.01 per share.  The Company has raised approximately $475,000
as of June 18, 2001.

          The Company paid $60,000 of a related party note from a portion of
the proceeds from this offering.

          The Company signed a promissory note with a shareholder for $5,000.
Monthly payments will commence on September 1, 2001, and the note bears an
interest rate of 10%.

Item 6.   Exhibits and Reports on Form 8-K.
-------------------------------------------

          (a)  Exhibits.

SB-2 Registration Statement Filed with an Effective Date of May 11, 2001*

               *  Incorporated by Reference.
          (b)  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.

                                    PCS EDVENTURES.COM, INC.


Date: 8/9/01                        By:/s/Anthony A. Maher
     --------------                 -------------------------------------
                                    Anthony A. Maher
                                    Chief Executive Officer, President and
                                    Chairman of the Board of Directors

Date: 8/9/01                        By:/s/Roy M. Svee
     --------------                 -------------------------------------
                                    Roy M. Svee
                                    Treasurer and Director

Date: 8/9/01                        By:/s/Donald J. Farley
     --------------                 -------------------------------------
                                    Donald J. Farley
                                    Secretary and Director