VOID AFTER 5:00 P.M. MOUNTAIN STANDARD TIME, ON DECEMBER 31, 2005

This warrant  supercedes and replaces that certain  warrant for 36,000 shares at
$0.20 per share dated January 16, 2001 between the parties noted below.

Neither  this  warrant  nor the  warrant  stock  has been  registered  under the
securities  act of 1933 or any  state  securities  laws.  The  Company  will not
transfer  the  warrant  stock  unless  (i)  there is an  effective  registration
covering  such  warrant  or such  warrant  stock as the case may be,  under  the
securities  act of 1933 and applicable  states  securities  laws,  (ii) it first
receives a letter from an attorney,  acceptable to the board of directors or its
agents,  stating that in the opinion of the  attorney  the proposed  transfer is
exempt  from  registration  under  the  securities  act of 1933  and  under  all
applicable state securities laws, or (iii) the transfer is made pursuant to rule
144 under the securities act of 1933.

                                 FUTUREONE, INC.
                             (a Nevada corporation)

                    Warrant for the Purchase of 36,000 Shares
                        of Common Stock, $0.001 par value


            FOR VALUE  RECEIVED,  FutureOne,  Inc.,  a Nevada  corporation  (the
"Company"), hereby certifies that

         Robin L. Morley & Mark E. Morley, as
         Tenants in Common
         101 North Cascade Avenue, Suite 310
         Colorado Springs, CO 80903

  is the holder (the "Holder"), subject to the provisions of this Warrant, to
  purchase up to, but no more than 36,000 fully paid and non-assessable shares
  of Common Stock at a price of $0.20 per share (the "Exercise Price"), from the
  Company at any time, or from time to time during the period commencing on the
  date hereof and expiring at 5:00 p.m. Mountain Standard Time according to the
  following schedule.

                  On or before August 15, 2005     36,000 shares

                  On or after August, 16,  2005
                  and before September 15, 2005    30,000 shares

                  On or after September 16, 2005
                  and before October 15, 2005      24,000 shares

                  On or after October 16, 2005
                  and before November 15, 2005     18,000 shares

                  On or after November 16, 2005
                  and before December 15, 2005     12,000 shares

                  On or after December 16, 2005
                  and before December 31, 2005     6,000 shares

            As used  herein,  the term "Common  Stock" shall mean the  Company's
presently  authorized  common stock,  $.001 par value, and any stock into or for
which such Common Stock may hereafter be converted or  exchanged.  The number of
shares of Common  Stock to be received  upon the exercise of this Warrant may be
adjusted from time to time as hereinafter set forth.  The shares of Common Stock
deliverable or delivered upon such exercise,  as adjusted from time to time, are
hereinafter referred to as "Warrant Stock."

            Upon receipt by the Company of evidence  reasonably  satisfactory to
it of the loss,  theft,  destruction or mutilation of this Warrant  certificate,
and (in the case of loss, theft or destruction) of satisfactory indemnification,
and upon surrender and cancellation of this Warrant  certificate,  if mutilated,
the Company  shall execute and deliver a new Warrant  certificate  of like tenor
and date.
<PAGE>

            Section 1.  Exercise of  Warrant.  This  Warrant  may be  exercised,
subject to the requirements set forth herein,  in whole, or in part, at any time
during the period  commencing  on the date  hereof,  and  expiring  at 5:00 p.m.
Mountain  Standard Time on the Expiration Date set forth above,  or, if such day
is a day on which banking institutions in Denver, Colorado are authorized by law
to close, then on the next succeeding day that shall not be such a day. Exercise
shall be  performed by delivery  and  surrender to the Company at its  principal
office,  or at the  office of its stock  transfer  agent,  if any,  of: (i) this
Warrant  certificate,  (ii) a duly  executed  Warrant  Exercise  Form  which  is
attached  hereto as Exhibit A and (iii) payment of the aggregate  Exercise Price
for the number of shares  specified in the Warrant  Exercise  Form. The Exercise
Price shall be paid by certified or cashier's check (i.e.,  official bank check)
made payable to the order of the  Company.  Upon receipt by the Company or stock
transfer agent of the Warrant  certificate,  the properly completed and executed
Warrant  Exercise  Form,  and the  Exercise  Price,  the Company  shall  deliver
certificate(s)  evidencing  the  shares of Common  Stock so  purchased  within a
reasonable  time. If this Warrant  should be exercised in part only, the Company
shall also deliver to the Holder a new Warrant certificate evidencing the rights
of the Holder to purchase the balance of the shares purchasable hereunder.  If a
person or persons other than the original Holder of this Warrant exercise all or
part of  this  Warrant,  such  persons  or  persons  shall  also  submit  proof,
satisfactory to counsel for the Company,  of the right of such person or persons
to exercise this Warrant.  The person  exercising this Warrant shall pay any and
all  documentary  stamp or similar issue or transfer taxes payable in respect of
the issue or  delivery of shares of Common  Stock on  exercise of this  Warrant.
Holder shall also make any appropriate arrangements acceptable to the Company to
provide for the amount of withholding  required by applicable federal,  state or
foreign tax laws.

            Section 2.  Reservation  of Shares.  The Company  shall at all times
reserve for issuance and  delivery  upon  exercise of this Warrant all shares of
Common  Stock  or other  shares  of  capital  stock of the  Company  (and  other
securities) from time to time receivable upon exercise of this Warrant. All such
shares (and other  securities)  shall be duly  authorized  and, when issued upon
exercise, shall be validly issued, fully paid and non-assessable.

            Section 3. No  Fractional  Shares.  No  fractional  shares or script
representing  fractional  shares  shall  be  issued  upon the  exercise  of this
Warrant. Any fractional share shall be rounded up to a whole share.

            Section 4. Transfer.

            4.1 Securities Laws. Neither this Warrant nor the Warrant Stock have
been  registered  under the Securities Act of 1933, as amended (the  "Securities
Act"), or the securities laws of any state. This warrant shall be subject to the
requirement that, if at any time counsel to the Company shall determine that the
listing,  registration or qualification of the Warrant Stock upon any securities
exchange or under any state,  federal or foreign law, or the consent or approval
of any  governmental  or regulatory  body, is necessary as a condition of, or in
connection  with,  the issuance or purchase of Warrant  Stock  thereunder,  this
warrant  may  not  be  exercised  in  whole  or in  part  unless  such  listing,
registration,  qualification,  consent or approval  shall have been  effected or
obtained on  conditions  acceptable to the Board of  Directors.  Nothing  herein
shall be deemed to require the  Company to apply for or to obtain such  listing,
registration or qualification.
<PAGE>


            4.2  Personal  Exercise by Holder.  This Warrant  shall,  during the
lifetime  of the  Holder,  be  exercisable  only  by  him,  or in the  event  of
disability or incapacity, by the guardian or legal representative of the Holder.
Furthermore,  this Warrant shall not be transferable by the Holder,  in whole or
in part,  other than by will or by the laws of descent  and  distribution.  This
Warrant  shall not,  voluntarily  or  involuntarily,  be  subjected to any lien,
directly or indirectly, by operation of law, or otherwise,  including execution,
levy, garnishment, attachment, pledge or bankruptcy.

            4.3 Indemnity.  The Holder  acknowledges and understands the meaning
and  legal  consequences  of this  Section,  and the  Holder  hereby  agrees  to
indemnify and hold harmless the Company,  its  representatives  and each officer
and  director  thereof  from and against any and all loss,  damage or  liability
(including  all  attorneys'  fees and costs incurred in enforcing this indemnity
provision) due to or arising out of (a) the inaccuracy of any  representation or
the breach of any  warranty of the Holder  contained  in, or any other breach of
this  Warrant,  (b) any transfer of any of this Warrant or the Warrant  Stock in
violation of the Securities Act, the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), the rules and regulations promulgated under the Securities
Act or  Exchange  Act or any state  securities  laws,  (c) any  transfer of this
Warrant or any of the Warrant Stock not in  accordance  with this Warrant or (d)
any untrue  statement or omission to state any material fact in connection  with
the investment  representations or with respect to the facts and representations
supplied by the Holder to counsel to the Company  upon which its opinion as to a
proposed transfer shall have been based.

            Section 5.  Rights of the  Holder.  The Holder  shall not, by virtue
hereof, be entitled to any rights of a stockholder in the Company, either at law
or in equity,  and the rights of the Holder are  limited to those  expressed  in
this Warrant.

            Section 6. Anti-Dilution Provisions.

            6.1 Stock Splits, Dividends, Etc.

               6.1.1 If the Company shall at any time subdivide its  outstanding
shares of Common  Stock (or other  securities  at the time  receivable  upon the
exercise  of the  Warrant)  by  recapitalization,  reclassification  or split-up
thereof,  or if the Company shall declare a stock dividend or distribute  shares
of Common  Stock to its  stockholders,  the  number  of  shares of Common  Stock
subject  to  this  Warrant  immediately  prior  to  such  subdivision  shall  be
proportionately  increased,  and if the  Company  shall at any time  combine the
outstanding  shares of Common  Stock by  recapitalization,  reclassification  or
combination  thereof,  the  number of shares of  Common  Stock  subject  to this
Warrant   immediately  prior  to  such  combination  shall  be   proportionately
decreased.  Any such adjustment and adjustment to the Exercise Price pursuant to
this Section shall be effective at the close of business on the  effective  date
of such subdivision or combination or if any adjustment is the result of a stock
dividend or  distribution  then the  effective  date for such  adjustment  based
thereon shall be the record date therefor.
<PAGE>

               6.1.2  Whenever the number of shares of Common Stock  purchasable
upon the exercise of this Warrant is adjusted,  as provided in this Section, the
Exercise  Price  shall be  adjusted  to the  nearest  cent by  multiplying  such
Exercise  Price  immediately  prior to such  adjustment  by a  fraction  (x) the
numerator  of which  shall be the number of shares of Common  Stock  purchasable
upon the exercise immediately prior to such adjustment,  and (y) the denominator
of  which  shall  be the  number  of  shares  of  Common  Stock  so  purchasable
immediately thereafter.

               6.2 Adjustment for Reorganization, Consolidation, Merger, Etc. In
case of any  reorganization  of the  Company  (or  any  other  corporation,  the
securities of which are at the time  receivable on the exercise of this Warrant)
shall  consolidate  with or merge  into  another  corporation  or convey  all or
substantially all of its assets to another  corporation,  then, and in each such
case,  the Holder of this  Warrant upon the exercise as provided in Section 1 at
any time after the consummation of such reorganization, consolidation, merger or
conveyance, shall be entitled to receive, in lieu of the securities and property
receivable  upon the exercise of this Warrant  prior to such  consummation,  the
securities  or property to which such Holder would have been  entitled upon such
consummation  if such  Holder  had  exercised  this  Warrant  immediately  prior
thereto; in each such case, the terms of this Warrant shall be applicable to the
securities  or property  received  upon the exercise of this Warrant  after such
consummation.

               6.3 Certificate as to Adjustments.  In each case of an adjustment
in the  number of shares of Common  Stock  receivable  on the  exercise  of this
Warrant,  the Company at its expense shall promptly  compute such  adjustment in
accordance  with the terms of the Warrant and prepare a certificate  executed by
an officer of the Company  setting forth such  adjustment  and showing the facts
upon which such adjustment is based.  The Company shall forthwith mail a copy of
each such certificate to each Holder.

               Section 7.Legend and Stop Transfer  Orders.  Unless the shares of
Warrant Stock have been  registered  under the Securities  Act, upon exercise of
any of this Warrant and the issuance of any of the shares of Warrant Stock,  the
Company shall instruct its transfer agent, if any, to enter stop transfer orders
with respect to such shares, and all certificates representing shares of Warrant
Stock shall bear on the face thereof substantially the following legend, insofar
as is consistent with applicable law:

               This certificate has not been registered under the Securities Act
               of 1933 or any  state  securities  laws.  The  Company  will  not
               transfer  this  certificate  unless  (i)  there  is an  effective
               registration  covering the shares represented by this certificate
               under  the  Securities  Act of  1933  and  all  applicable  state
               securities  laws,  (ii)  it  first  receives  a  letter  from  an
               attorney,  acceptable  to the board of  directors  or its agents,
               stating that in the opinion of the attorney the proposed transfer
               is exempt from registration  under the Securities Act of 1933 and
               under all applicable  state securities laws or (iii) the transfer
               is made pursuant to Rule 144 under the Securities Act of 1933.
<PAGE>

         8.       Investment Purpose Representations and Risks.

               (a)As a condition  to the issuance by the Company of this Warrant
and  Warrant  Stock  exercisable  pursuant  to  this  Warrant,  the  Holder  (i)
represents  that the shares of Warrant Stock are being  acquired for  investment
and not with a present intention of selling or otherwise distributing and Holder
agrees to make such other representations as may be necessary in order to comply
with federal and applicable  state securities laws or appropriate to qualify the
issuance of the Warrant Stock as exempt from the  Securities Act of 1933 and any
other  applicable  securities  laws,  and (ii)  represent  that Holder shall not
dispose of the shares of Warrant  Stock in  violation of the  Securities  Act of
1933 or any other applicable securities laws. As noted in Section 7, The Company
reserves the right to place a legend on any stock certificate issued pursuant to
the exercise of this warrant to assure compliance with the foregoing.

               (b) Holder  acknowledges  that (i) an  investment  in the Warrant
Stock involve significant risks and may represent an illiquid  investment,  (ii)
the Holder is able to bear the economic  risks of an  investment  in the Warrant
Stock  and is able to  maintain  his  investment  in the  Warrant  Stock  for an
indefinite  period of time,  and (iii)  Holder  could  bear a total  loss of the
investment.

               (c) Holder has such  knowledge  and  experience  in financial and
business  matters  to  enable  Holder to  evaluate  the  merits  and risks of an
investment in the Warrant Stock.  Holders  without such knowledge and experience
are strongly encouraged to consult with a financial, tax or legal advisor before
investing in the Warrant Stock.

               (d)Holder  acknowledges that at the time this Warrant was issued,
the Company was a reporting  company under the  Securities  Exchange Act of 1934
and that it files annual,  quarterly and other reports with the  Securities  and
Exchange Commission.  Holder is strongly encouraged to review such filings prior
to exercising this Warrant,  and acknowledges  that such reports may be reviewed
on the SEC's web site at  www.sec.gov,  or copies may be obtained by  contacting
the  Company.  Holder is aware that he is  afforded  an  opportunity  to discuss
matters  pertinent to an  investment  is the Warrant Stock with the Company upon
exercise.

               Section 9. Notice. Any notice or other communication  required or
permitted  to be given  hereunder  shall be in  writing  and  shall be mailed by
certified mail, return receipt  requested,  or delivered against receipt,  if to
the Holder,  at his/her address as shown on the books of the Company,  and if to
the Company,  at its  principal  office,  1880 Office Club  Pointe,  Suite 2000,
Colorado Springs,  Colorado 80920-5002.  Any notice or other communication given
by certified  mail shall be deemed given at the time of  certification  thereof,
except for a notice  changing,  a party's address which shall be deemed given at
the time of receipt thereof.

               Section 10. Binding Effect.  The provisions of this Warrant shall
be binding  upon and inure to the  benefit of (1) the  parties  hereto,  (2) the
successors  and assigns of the Company,  and (3) if the Holder is a corporation,
partnership, or other business entity, the successors of the Holder.

               Section 11.  Pronouns.  Any masculine  personal  pronoun shall be
considered to mean the corresponding feminine or neuter personal pronoun, as the
context requires.

               Section 12.  Governing Law. This Agreement  shall be construed in
accordance with and governed by the laws of the State of Colorado.

<PAGE>

          Dated this ____ day of ________, 2001


FutureOne, Inc.,
a Nevada corporation

By: ________________________________


Name: Ralph R. Zanck


Title: CFO




<PAGE>



                                   EXHIBIT A

                               NOTICE OF EXERCISE

TO:  FUTUREONE, INC.

         1. The  undersigned  hereby  elects to  purchase  ____ shares of Common
Stock of  FutureOne,  Inc.  pursuant to the terms of the attached  Warrant,  and
tenders herewith payment of the purchase price of such shares in full.

         2. Please issue a certificate or certificates  representing said shares
of  Common  Stock in the name of the  undersigned  or in such  other  name as is
specified below:


                                               --------------------
                                     (Name)


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

                                               -------------------
                                    (Address)


         3. The undersigned represents that the aforesaid shares of Common Stock
are being  acquired for the account of the  undersigned  for  investment and not
with a view to, or for resale in connection with, the  distribution  thereof and
that the  undersigned  will not  offer,  sell or  otherwise  dispose of any such
shares  except  under  circumstances  that will not result in a violation of the
Securities Act of 1933, as amended, or any state securities law.


                                           _______________________________
                                           Signature