SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D. C. 20549
                                  FORM 10-QSB


[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE  SECURITIES
     EXCHANGE ACT  OF 1934
     FOR THE QUARTERLY PERIOD ENDED June 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 000-25997

SILVER BOW ANTIQUE AVIATION
(Exact name of small business issuer as specified in its charter)

NEVADA                                        91-1939533
(State or other Jurisdiction of               I.R.S. Employer
Incorporation or Organization)                Identification Number)

83-888 Ave. 51 Coachella, CA                  92236
(Address of principal executive offices)      (Zip Code)


760-398-9700
(Issuer's telephone number)

      Check whether the Issuer (1) filed all reports required to be
filed by Section 13 or 15 (d) of the Securities and 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.

                                           Yes  X    No

      Indicate the number of shares outstanding of each of the issuer's
classes of Common Equity, as of the latest practicable date.

Common Stock, $0.001 par value                   2,990,400
(Title of Class)                                 (Number of shares out-
                                                 standing at June 30, 2001)

No exhibits included










                              Part 1


Item 1 Description of Business
------------------------------


Business Development
____________________


       Silver Bow Antique Aviation (the" Company") was organized under the
laws of the State of Nevada on April 28, 1994, under the name of "Silver
Bow Antique Aviation". The company was incorporated primarily to engage
in the restoration and maintenance of antique aircraft.

       The Company was initially authorized in its articles, to issue a
total of 11,000 shares of stock,  consisting of 10,000 common stock and
1,000 shares of preferred stock both with a par value of $0.001.

       An amendment to the Articles of Incorporation of the Company on
October 7, 1998, increased its authorized shares to 100,000,000
consisting of 99,999,000 common stock and 1,000 preferred shares all with
par value of $0.001.




Part III, Item 1

       The Company owns two aircraft and they are both for sale. They
have been refurbished which included the upgrading of certain mechanical
systems, painting and refurbishing of both aircraft's exterior, and
complete inside make-overs including wall coverings, carpet, and new
upholstery. One plane is a 1942 Boeing Stearman by-plane and the other
is 1979 Piper Lance Turbo, and both are featured at events from
time to time.

      The company has been actively marketing its two planes and upon
their sale, Silver Bow has  been comtemplating entering the Jet
chartering brokerage business.






























                               SIGNATURES

         Pursuant to the requirements of the Securities and Exchange
Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.


Date: August 14, 2001                          By: /s/ Dempsey K. Mork
                                              Dempsey K. Mork
                                              President and Director
































































                             (Unaudited)

                        SILVER BOW ANTIQUE AVIATION

                       (a Development Stage Company)

                      CONSOLIDATED FINANCIAL STATEMENTS

                              SECOND QUARTER 2001

           Covering the Three and Six Month Periods Ended June 30, 2001 and 2000
















The accompanying notes are an integral part of the financial statements


                                           (Unaudited)
                                   SILVER BOW ANTIQUE AVIATION
                                  (a Development Stage Company)
                                           BALANCE  SHEET

                                 Jun. 30        Dec. 31
                ASSETS             2001           2000
  Cash                        $    1,924            1,924

  Antique Aircraft Net of
  Depreciation (Note 2)          114,410          127,128
                               ---------          -------
     TOTAL ASSETS                116,334          129,052
                               =========          =======
            LIABILITIES AND STOCKHOLDERS EQUITY

Current Liabilities
Notes Payable Aircraft Expense   53,139           53,139

Current Portion of Note Payable   35,600           35,600

Ltd. Aircraft Loan (2 yrs)
   Note Payable - Interest Exp    16,020           10,680

Convertible Promissory Note
   Administrative Support         25,000           20,000
                                 -------           -------
      TOTAL CURRENT LIABILITY     38,140           17,800

Note Payable (Aircraft)          142,400          142,400
                                --------          -------
      TOTAL LIABILITIES          272,159          261,819

STOCKHOLDERS' EQUITY (Note 1)
   Preferred Stock - Par value $.001;
      Authorized;    1,000 shares;
      Issued & Outstanding; -0- shares
                               $      -0-              -0-
   Common Stock - Par value $.001;
      Authorized;  99,990,000 shares;
      Issued & Outstanding; 2,990,400
      shares (both periods)        2,990            2,990

   Paid in capital                    -0-              -0-

   Accumulated (Deficit)        (158,815)        (135,757)
                                ---------         --------
TOTAL STOCKHOLDERS' EQUITY      (155,825)        (132,767)

TOTAL LIABILITIES &
   STOCKHOLDERS' EQUITY       $  116,334          129,052
                              ===========================



      The accompanying notes are an integral part of these financial statements

                                        (Unaudited)
                                 SILVER BOW ANTIQUE AVIATION
                                (a Development Stage Company)
                                   STATEMENT OF OPERATIONS
                                     3 and 6 Months Ended
                                   3 Months June 30  6 Months June 30
                                   2001     2000     2001      2000
REVENUES

   Income                      $     -0-     720       -0-    1,440

     Total Revenues            $     -0-     720       -0-    1,440

OPERATING EXPENSES

    Interest Expenses             2,670    2,670    5,340     5,340

    Admin Support                 2,500    2,500    5,000     5,000

    Misc Operating Expense           -0-     810       -0-    1,530

    Depreciation Expense          6,359    6,359   12,718    12,718
                                 ------   ------   ------     -----

        Operating Income (Loss) (11,529) (11,619) (23,058)  (23,148)

    Other Income (Expenses)

        Previous Period Adj
        (Admin Support)              -0-      -0-      -0-   10,000



Pretax Income (Loss)           $(11,529) (11,619) (23,058)  (33,148)


                               ========  ========  =======   =======
Average No. of Common
      Shares Outstanding      2,990,400 2,990,400 2,990,400 2,990,400



      Income (Loss) Per Share   ($0.004) $ (0.004) $ (0.008) $ (0.011)



Diluted Average No. of Common
      Shares Outstanding      2,990,400 2,990,400 2,990,400 2,990,400

      Income (Loss) Per Share   ($0.004) $ (0.004)$  (0.008) $ (0.011)





The accompanying notes are an integral part of these financial statements



                                         (Unaudited)
                                 Silverbow Antique Aviation
                                (a Development Stage Company)
                                   STATEMENTS OF CASH FLOWS
                                     For The Periods Ended
                                      3 and 6 Months Ended

                                         3 Months June 30 6 Months June 30
                                         2001     2000    2001     2000

Cash Flows From Operating Activities
   Net Profit (Loss)                $ (11,529)$(11,619) $(23,058) $ (33,148)


   Non cash items; Depreciation         6,359    6,359    12,718     12,718


   Increase/(Decrease) in Current Assets   -0-      -0-       -0-        -0-


   (Decrease)/increase in Current
   Liabilities (Note 2)                 5,170    5,170    10,340     20,340

  Increase/(decrease) Long Term Liability  -0-      -0-       -0-        -0-

Cash (Used) by Operating Activities     $  -0-     (90)       -0-       (90)

Cash flows (used) from Investing Activities
                                        $  -0-      -0-        -0-       -0-

  Net change (Decrease) Cash               -0-     (90)        -0-      (90)

  Cash Beginning period                 1,924    2,054      1,924     2,054

  Cash Ending of Period                 1,964    1,964      1,924     1,964
                                         ===================================
















    The accompanying notes are an integral part of these financial statements


                             Silver Bow Antique Aviation
                            (A Development State Company)
                           Statement of Stockholders Equity
                           For the Years Ended Decebmer 31,
                           1994 - 2000 and 1st Six Months 2001


                                        Addnl
                                        Paid In    Accum
             Shares     Common Stock    Capital    Deficit       Totals

Bal at
12/31/1994        -0-   $         -0-   $     -0-  $      -0-    $      -0-

Bal at
12/31/1995        -0-             -0-         -0-         -0-           -0-

Shs iss at par
conslt svcs  936,900             936          -0-        (36)           -0-

Bal at
12/31/1996   936,900             936          -0-       (936)           -0-

Bal at
12/31/1997   936,900             936          -0-       (936)           -0-

Pur of Comm
Stk for cash
PV         2,053,500           2,054          -0-         -0-        2,054

Bal at
12/31/1998 2,990,400           2,990          -0-       (936)        2,054

Bal at
12/31/1999 2,990,400           2,990          -0-    (26,372)      (23,382)

Bal at
12/31/2000 2,990,400           2,990          -0-   (135,757)     (132,767)

Bal at
03/31/2001 2,990,400           2,990          -0-   (147,286)     (144,296)

Bal at
06/30/2001 2,990,400           2,990          -0-   (158,815)     (155,825)








The accompanying notes are an integral part of these financial statements



                                 (Unaudited)
                          SILVER BOW ANTIQUE AVIATION
                         (a Development Stage Company)

                          CONSOLIDATED FINANCIAL NOTES
                     For the Six Months Ending June 30, 2001


General
     The condensed consolidated financial statements of Silver Bow Antique
Aviation included herein, have been prepared without audit pursuant to the
rules and regulations of the Securities and Exchange Commission.  Although
certain information normally included in financial statements prepared in
accordance with generally accepted accounting principles has been condensed
or omitted, Silver Bow Antique Aviation believes that the disclosure are
adequate to make the information presented not misleading.  The condensed
financial statements for the six months ended June 30, 2001 should be read in
conjunction with the financial statements and notes thereto included in this
report and the Company's report on Form 10-KSB 12/31/2000.

     The condensed consolidated financial statements included herein reflect
all normal recurring adjustments that, in the opinion of management, are
necessary for a fair presentation. The results for the interim period are
not necessarily indicative of trends or of results to be expected for a full
year.

Note 1 Organization and business purpose - The Company was incorporated in
the State of Nevada on April 28, 1994. The original authorized preferred and
common shares were 1,000 and 10,000 respectively. During 1996 certain
consulting  services were rendered to the company and the majority
stockholder (a Nevada  Corporation doing business in California).
     The value of such services were at the par value of 1,041 shares
issued on July 15, 1996 and have been stated on the attached balance sheet,
statement of operations and cash flows at $936, which amount reflects
the par value of the original issue stock on the date of the 900 for 1
stock split (October 15, 1998)

On December 30, 1998, 2,053,500 shares were purchased, for cash, at
par value.

In addition, the company acquired at fair market value two (2) antique
aircraft by executing a note payable to the majority stockholder for
$178,000. The aircraft were refurbished and certain mechanical and
electronic equipment updated prior to their addition to Silver Bow's
Asset base by the major stockholder. Both aircraft are now for sale.




Note 2 Notes payable.

Annual principal payments on the $178,000 ten year note payable
are due each December 31, commencing December 31, 1999 until
fully paid on December 31, 2009.  Interest is to be paid, commencing on
January 1, 1999 on the aforementioned note, annually, at 6%. Depreciation
for used aircraft is over a seven year life.

     The notes are collateralized by the aircraft and were recorded at
Dempsey K. Mork's cost basis, (the majority stockholder).


Note 3 - Going Concern and Incidental Costs

     Silver Bow Antique Aviation has assets including two aircraft.

     The company has an agreement with Dempsey K. Mork whereby he will
provide incidental costs for operating expenses and to maintain the legal
registration of the company in the state of Nevada and with any other
agency.


Note 4 - Consulting Services

     During December 1998 and to be effective beginning January 1, 1999
the company executed a management services contract with the majority
stockholder. Such contract requires the minimum payment of $10,000 per
year for five (5) years commencing in 1999 for the following activities;
Accounting; General Administrative; Tax Filing, Office Accommodations; and
year end auditing for 10- KSB reporting; SEC compliance and quarterly
10 - QSB filings and other associated reports.

     The term of this agreement provide for the annual payment of $10,000
(USD), either in cash or an issuance of common stock of Silver Bow
Antique Aviation to Magellan Capital Corporation. This agreement is for a
five year period commencing with the first year January 1, 1999 and ending
with the fifth year December 31,  2003. In the first quarter of 2000, the
management Services Contract was canceled. These costs are now accounted
for as incurred and credited to a Notes Payable-Related Party.

* Note 5 - Impairment of Long Lived Assets

     FAS No 121 concerning the impairment of long lived assets, such as
airplanes provides for assessment and measurement analysis.

     Whenever events or changes in circumstances indicate that the
carrying amount of such assets may not be recoverable, FAS 121 requires
that the entity (Silver Bow Antique Aviation) estimate the future cash
flows expected (un-discounted and without interest charges) is less than
the carrying amount of the asset, an "Impairment Loss" is recognized.
Measurement of an Impairment Loss for these assets (2 aircraft) should
be based on the fair value of the asset.

Plane          Cost Basis            Estimated Fair Value **

Stearman       $80,000               $90,000 to $100,000

Piper           98,000               150,000

** Based on Current Fair Market Values

In view of the above, there is not "Impairment Loss" on either of these
planes.

    The accompanying notes are an integral part of these financial statements