U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   Form 10-QSB


                             Quarterly Report Under
                       the Securities Exchange Act of 1934

                      For Quarter Ended: September 30, 1999

                         Commission File Number: 0-25329

                              N.T. PROPERTIES, INC.
       (Exact name of small business issuer as specified in its charter)

                                     Nevada
         (State or other jurisdiction of incorporation or organization)

                                   33-0838073
                        (IRS Employer Identification No.)

                              6 Venture, Suite 207
                               Irvine, California
                    (Address of principal executive offices)

                                      92618
                                   (Zip Code)

                                 (949) 453-9262
                           (Issuer's Telephone Number)


              (Former name, former address and former fiscal year,
                             if changed last report)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the Securities Exchange Act of 1934 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 . --- ---

The number of shares of the  registrant's  only class of common stock issued and
outstanding, as of September 30, 1999, was 500,000 shares.




<PAGE>



                                     PART I

ITEM 1.   FINANCIAL STATEMENTS.

          The  unaudited  financial  statements  for the nine month period ended
September 30, 1999, are attached hereto.

ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
          FINANCIAL CONDITION AND RESULTS OF OPERATIONS

          The  following  discussion  should  be read in  conjunction  with  the
Financial Statements and notes thereto included herein.

          The Company  generated no revenues during the nine month period ending
September 30, 1999.  Management  anticipates  that the Company will not generate
any significant  revenues until the Company  accomplishes its business objective
of merging with a nonaffiliated entity or acquiring assets from the same.

Forward Looking Statements

         The  following  discussion  should  be read  in  conjunction  with  the
Company's unaudited  financial  statements and notes thereto included herein. In
connection  with, and because it desires to take advantage of, the "safe harbor"
provisions of the Private Securities  Litigation Reform Act of 1995, the Company
cautions readers regarding  certain forward looking  statements in the following
discussion  and elsewhere in this report and in any other  statement made by, or
on the  behalf  of the  Company,  whether  or not in  future  filings  with  the
Securities and Exchange  Commission.  Forward looking  statements are statements
not  based on  historical  information  and which  relate to future  operations,
strategies, financial results or other developments.  Forward looking statements
are necessarily based upon estimates and assumptions that are inherently subject
to   significant   business,   economic  and   competitive   uncertainties   and
contingencies, many of which are beyond the Company's control and many of which,
with  respect  to future  business  decisions,  are  subject  to  change.  These
uncertainties and contingencies can affect actual results and could cause actual
results  to differ  materially  from  those  expressed  in any  forward  looking
statements  made by, or on behalf of, the  Company.  The Company  disclaims  any
obligation to update forward looking statements.

Plan of Operation

         The  Company  intends to seek to acquire  assets or shares of an entity
actively engaged in business, in exchange for its securities.  As of the date of
this report,  management  of the Company has had  preliminary  discussions  with
potential merger or acquisition candidates, but there is no definitive agreement
between the Company and any third party relevant thereto. In the

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<PAGE>



event the Company  does enter into an  agreement  with such a third  party,  the
Board of  Directors  does intend to obtain  certain  assurances  of value of the
target  entity assets prior to  consummating  such a  transaction,  with further
assurances  that an audited  financial  statement would be provided within sixty
days after closing of such a transaction.  Closing  documents  relative  thereto
will  include  representations  that the  value  of the  assets  conveyed  to or
otherwise so  transferred  will not materially  differ from the  representations
included in such closing documents, or the transaction will be voidable.

         The Company has no full time  employees.  The  Company's  President and
Secretary  have agreed to allocate a portion of their time to the  activities of
the Company,  without compensation.  These officers anticipate that the business
plan of the Company can be implemented by their devoting  approximately 20 hours
per month to the business affairs of the Company and, consequently, conflicts of
interest may arise with respect to the limited time commitment by such officers.

Liquidity and Capital Resources

         The Company presently has nominal cash or cash equivalents. Because the
Company  is not  required  to pay rent or  salaries  to any of its  officers  or
directors, management believes that the Company has sufficient funds to continue
operations through the foreseeable future.

         The Company's  securities are currently not liquid. There are no market
makers in the Company's  securities  and it is not  anticipated  that any market
will  develop  in the  Company's  securities  until  such  time  as the  Company
successfully implements its business plan of engaging in a business opportunity,
either by merger or acquisition of assets.  The Company  presently has no liquid
financial  resources to offer such a candidate and must rely upon an exchange of
its stock to complete such a merger or acquisition.

Year 2000 Disclosure

          Many existing computer programs use only two digits to identify a year
in  the  year  field.   These  programs  were  designed  and  developed  without
considering the impact of the upcoming change in the century.  If not corrected,
many computer  applications  could fail or create erroneous results by or at the
Year 2000.  As a result,  many  companies  will be required to  undertake  major
projects to address the Year 2000 issue. Because the Company has nominal assets,
including no personal property such as computers, it is not anticipated that the
Company will incur any negative  impact as a result of this  potential  problem.
However,  it is possible that this issue may have an impact on the Company after
the Company successfully consummates a merger or

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<PAGE>



acquisition.  Management  intends to address  this  potential  problem  with any
prospective merger or acquisition candidate. There can be no assurances that new
management of the Company will be able to avoid a problem in this regard after a
merger or acquisition is so consummated.

               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 -

          (a)   Exhibits

                EX-27  Financial Data Schedule

          (b)   Reports on Form 8-K - NONE



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<PAGE>

<TABLE>


                              N.T. PROPERTIES, INC.
                          (A Development Stage Company)

                             (A Nevada corporation)

                                  BALANCE SHEET


<CAPTION>
                                     Unaudited        Audited
                                    September 30,    December 31,
                                        1999            1998
                                   -------------   --------------
<S>                                <C>             <C>
ASSETS:

     Current Assets                $           0   $            0

     Organization Costs                      500              500
                                   -------------   --------------
     Total Assets                  $         500   $          500
                                   =============   ==============

LIABILITIES

     Current Liabilities
          Accounts Payable         $       1,600   $        1,600
                                   -------------   --------------
     Total Current Liabilities             1,600            1,600
                                   -------------   --------------
     Total Liabilities             $       1,600   $        1,600

STOCKHOLDERS' EQUITY
     Common Stock - Par Value $.001
     per share; 15,000,000 Shares
     Authorized 500,000 Shares Issued and
     Outstanding                             500              500

     Additional Paid-In Capital                0                0

     Retained Deficit, accumulated
       in the development stage           (1,600)          (1,600)
                                   -------------   --------------
     Total Stockholders' Equity           (1,100)          (1,100)

     Total Liabilities and
       Stockholders' Equity        $         500   $          500
                                   =============   ==============

</TABLE>

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<PAGE>


<TABLE>

                              N.T. PROPERTIES, INC.
                          (A Development Stage Company)

                             (A Nevada corporation)

                       STATEMENT OF REVENUES AND EXPENSES

<CAPTION>
                                             For the      For the
                                              Three        Three
                                              Months       Months
                                              Ended        Ended
                                             9/30/99      9/30/98
                                             --------    --------
<S>                                          <C>         <C>
REVENUE:

     Revenue                                 $      0    $      0

EXPENSES:

     Taxes and Licenses                             0           0
                                             --------    --------
     Total Expenses                                 0           0

Net Income/(Loss)                            $      0    $      0
                                             ========    ========

Net loss per share                           $   0.00    $   0.00
                                             ========    ========


</TABLE>

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<PAGE>

<TABLE>


                              N.T. PROPERTIES, INC.
                          (A Development Stage Company)

                             (A Nevada corporation)

                       STATEMENT OF REVENUES AND EXPENSES

<CAPTION>
                              For the      For the      Period
                                Nine         Nine       9/21/82
                               Months       Months    (Inception)
                               Ended        Ended          to
                              9/30/99      9/30/98      9/30/99
                              --------     --------     --------
<S>                           <C>          <C>          <C>
REVENUE:

     Revenue                  $      0     $      0     $      0

EXPENSES:

     Taxes and Licenses            100          100        1,600
                              --------     --------     --------
     Total Expenses                100          100        1,600

Net Income/(Loss)             $   (100)     $  (100)    $ (1,600)
                              ========     ========     ========

Net loss per share            $   0.20     $   0.20     $   3.20
                              ========     ========     ========


</TABLE>

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<PAGE>

<TABLE>


                              N.T. PROPERTIES, INC.
                          (a Development Stage Company)

                             (A Nevada corporation)


                             STATEMENT OF CASH FLOWS

<CAPTION>
                                                                      Period
                                          For the       For the       9/21/82
                                        Nine Months   Nine Months   (Inception)
                                           Ended         Ended           to
                                          9/30/99       9/30/98       9/30/99
                                          --------      --------      -------
<S>                                       <C>           <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES

  Cash Received from Operating Activities $      0      $      0      $     0
  Cash Paid for Operating Activities             0             0            0
                                          --------      --------      -------
Net Cash Used By Operating Activities            0             0            0

CASH FLOWS FROM INVESTING ACTIVITIES

Net Cash Used in Investing Activities            0             0         (500)

CASH FLOWS FROM FINANCING ACTIVITIES

Net Cash From Financing Activities               0             0          500
                                          --------      --------      -------
Net Decrease in Cash and Cash Equivalents        0             0            0

Cash and Cash Equivalents at
  Beginning of Period                            0             0            0
                                          --------      --------      -------
Cash and Cash Equivalents at
  End of Period                           $      0      $      0      $     0
                                          ========      ========      =======


Reconciliation of Net Profit to Net Cash
Provided by Operating Activities:

   Net Income/(Loss)                      $   (100)     $   (100)     $(1,600)
                                          --------      --------      -------
   Adjustments to Reconcile Net Income
   to Net Provided by Operating Activities:
   Amortization and Depreciation Expense
   Increase in Accounts Payable                100           100       (1,600)
                                          --------      --------      -------
          Total Adjustments                    100           100        1,600
                                          --------      --------      -------
NET CASH PROVIDED BY
  OPERATING ACTIVITIES                    $      0      $      0      $     0
                                          ========      ========      =======

</TABLE>



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<PAGE>








                              N.T. PROPERTIES, INC.

                          (A Development Stage Company)


                     NOTES TO UNAUDITED FINANCIAL STATEMENTS



NOTE 1.

The Company  initially  authorized  2,500,000  shares of $1.00 par value  common
stock.  On September 21, 1982,  the Company issued 500 shares of common stock at
$1.00 per share for $500 cash.  Thereafter,  on January  9,  1999,  the  Company
increased its authorized  capitalization to 15,000,000 shares of $.001 par value
common  stock  and  declared  a 1,000  for 1  forward  split of the  issued  and
outstanding common stock.

In the  opinion  of  management,  all  adjustments,  consisting  only of  normal
recurring  adjustments  necessary  for a fair  statement  of (a) the  results of
operations  for the three month and nine month periods ended  September 30, 1999
and 1998,  and for the periods from inception at September 21, 1982 to September
30, 1999,  (b)  financial  position at September 30, 1999 and December 31, 1998,
and (c) the cash flows for the nine months ended September 30, 1999 and 1998 and
for the period from  inception,  September 21, 1982, to September 30, 1999, have
been made.

NOTE 2.

The  results  for the nine  month  period  ended  September  30,  1999,  are not
necessarily  indicative of the results for the entire fiscal year ended December
31, 1999.



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<PAGE>



                                   SIGNATURES


          Pursuant  to the  requirements  of  Section 12 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.

                                       N.T. PROPERTIES, INC.
                                       (Registrant)

                                       Dated: November 9, 1999



                                       By: s/Cleora Louey
                                          ----------------------------------
                                          Cleora Louey, President



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<PAGE>


                              N.T. PROPERTIES, INC.

                Exhibit Index to Quarterly Report on Form 10-QSB
                    For the Quarter Ended September 30, 1999

EXHIBITS                                                                Page No.

  EX-27   Financial Data Schedule. . . . . . . . . . . . . . . . . . . . . . 12



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