UNITED  STATES
                       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  March  31,  2001

     OR

     [    ]  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 001-01337


                           FULL  MOON  UNIVERSE,  INC.


               Washington                                   91-0239195
(State of other jurisdiction of incorporation        (I.R.S. Employer Id. No.)
 or organization)

1645 North Vine Street - 9th Floor, Hollywood, CA                90028
Address  of  principal  executive  offices)                    (Zip  Code)

                                (323)  468-0599
             (Issuer's  telephone  number,  including  area  code)

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 at least the past 90 days.  Yes  No

State the number of shares outstanding of each of the issuer's classes of common
equity,  as  of  the  latest  practicable  date.  22,899,985


Transitional  Small  Business  Disclosure  Format  (check  one);
Yes  ( )    No  (X)















<PAGE>
                          FULL  MOON  UNIVERSE,  INC.
                                   FORM 10-QSB
              FOR  THE  QUARTERLY  PERIOD  ENDED  MARCH  31,  2001

                         PART I. - FINANCIAL INFORMATION

Item  1  Financial  Information

MARCH  31,  2001

FULL  MOON  UNIVERSE,  INC.
FORM  10-QSB  QUARTERLY  REPORT

TABLE  OF  CONTENTS


                                                                            Page
                                                                            ----

PART  I.     FINANCIAL  STATEMENTS:

Item  1.     Financial  statements  (unaudited)

     Balance  sheet                                                           3

     Statements  of  income                                                   4

     Statement  of  stockholders'  equity                                     5

     Statements  of  cash  flows                                              6

     Notes  to  financial  statements                                         7

Item  2.     Management's Discussion and Analysis of Financial Statements    13

PART  II.     OTHER  INFORMATION

Item  6.     Exhibits  and  Reports  on  Form  8-K                           14

Signatures                                                                   14






















<PAGE> 2
FULL  MOON  UNIVERSE,  INC.
FORMERLY  KNOWN  AS  CIMARRON-GRANDVIEW  GROUP,  INC.
BALANCE  SHEET  (UNAUDITED)

                                                               March 31, 2001
                                                              ----------------
ASSETS
CURRENT  ASSETS:
     Cash                                                     $        39,009
     Accounts  receivable                                             169,324
     Contracts  receivable                                             71,397
     Inventory                                                        101,955
     Prepaid  assets                                                   10,230
                                                              ----------------
               Total  current  assets                                 391,915

NOTE  RECEIVABLE, related party                                     2,477,245
FILM  INVENTORY,  net of amortization of $640,546                   1,904,180
EQUIPMENT  AND  WEB  SITE  DEVELOPMENT,  net
     of  depreciation  of  $18,756                                     57,730
LOAN  FEES                                                             48,904
PARTNERSHIP  PROPERTIES                                                 5,067
                                                              ----------------
                                                              $     4,885,041
                                                              ================

LIABILITIES  AND  STOCKHOLDERS' EQUITY
CURRENT  LIABILITIES:
     Accounts  payable                                        $       465,688
     Accrued  liabilities                                              27,799
     Accrued  wages                                                     6,567
     Accrued  interest                                                127,130
     Current  maturities  of  long-term  debt                       2,452,930
     Deferred  revenue                                                 62,000
                                                              ----------------
               Total  current  liabilities                          3,142,114
LONG-TERM  DEBT:
     Notes  payable                                                   223,426
                                                              ----------------
               Total  liabilities                                   3,365,540

STOCKHOLDERS' EQUITY:
     Common stock - 100,000,000 shares, $.001 par value,
       authorized; 22,949,985 shares issued and outstanding            22,950
     Additional  paid-in  capital                                   1,102,943
     Note  receivable,  stock  purchase                                (2,381)
     Retained  earnings                                               395,989
                                                              ----------------
               Total  stockholdersequity                            1,519,501
                                                              ----------------
                                                              $     4,885,041
                                                              ================









See  accompanying  notes  to  financial  statements.
<PAGE> 3
FULL  MOON  UNIVERSE,  INC.
FORMERLY  KNOWN  AS  CIMARRON-GRANDVIEW  GROUP,  INC.
STATEMENTS  OF  INCOME  (UNAUDITED)

                                           Three Months Ended March 31,
                                 ----------------------------------------------
                                      2001            2000            2000
                                 --------------  --------------  --------------
                                                  (historical)     (pro forma)
REVENUES                         $     930,459   $        -      $     535,649

COST OF REVENUES, including
  film  amortization                   335,375            -            143,905
                                 --------------  --------------  --------------
GROSS  PROFIT                         595,084             -            391,744

SELLING, GENERAL, AND
 ADMINISTRATIVE  EXPENSES              381,823          1,268           84,313
                                 --------------  --------------  --------------
INCOME  FROM  OPERATIONS               213,261         (1,268)         307,431
                                 --------------  --------------  --------------

OTHER  INCOME  (EXPENSE):
     Interest  income                   45,706          1,092            1,155
     Interest  expense                 (99,237)           -             (1,210)
                                 --------------  --------------  --------------
                                       (53,531)         1,092              (55)
                                 --------------  --------------  --------------

INCOME (LOSS) BEFORE FEDERAL
  AND STATE INCOME TAXES               159,730           (176)         307,376

FEDERAL AND STATE INCOME  TAXES            -              -            120,000
                                 --------------  --------------  --------------

NET  INCOME  (LOSS)              $     159,730   $       (176)   $     187,376
                                 ==============  ==============  ==============

BASIC AND DILUTED EARNINGS
  PER COMMON SHARE                        NIL             NIL              NIL
                                 ==============  ==============  ==============




















See  accompanying  notes  to  financial  statements.
<PAGE> 4
FULL  MOON  UNIVERSE,  INC.
FORMERLY  KNOWN  AS  CIMARRON-GRANDVIEW  GROUP,  INC.
STATEMENT  OF  STOCKHOLDERS' EQUITY
QUARTER  ENDED  MARCH  31,  2001

<TABLE>
                             Stock
                Number  of   Sub-                      Additional
                Shares         scription  Common       Paid-in      Retained
                Outstanding  Receivable   Stock        Capital      Earnings    Total
                -----------  -----------  ----------  -----------  ----------  ----------
<S>             <C>          <C>          <C>         <C>          <C>         <C>
BALANCES,
 DEC. 31, 2000    22,483,320  $  (4,666)   $  22,483   $  534,036  $  236,259  $  788,112

ADD:
 Net  income             -          -            -            -       159,730     159,730
 Beneficial
  Conversion
  feature of
  convertible
  debt                   -          -            -        200,000         -       200,000
 Payment
  Received
  on  stock
  subscription           -        2,285          -            -           -         2,285
 Shares  issued      466,665        -            467      368,907         -       369,374
                -----------  -----------  ----------  -----------  ----------  ----------
BALANCES,
  MAR 31, 2001   22,949,985  $   (2,381)  $   22,950  $ 1,102,943  $  395,989  $1,519,501
                ===========  ===========  ==========  ===========  ==========  ==========
</TABLE>




























See  accompanying  notes  to  financial  statements.

<PAGE> 5
FULL  MOON  UNIVERSE,  INC.
FORMERLY  KNOWN  AS  CIMARRON-GRANDVIEW  GROUP,  INC.
STATEMENTS  OF  CASH  FLOWS  (UNAUDITED)
                                                  Three Months Ended March  31,
                                                  -----------------------------
                                                       2001            2000
                                                  --------------  -------------
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
CASH  FLOWS  FROM  OPERATING  ACTIVITIES:
     Net  income  (loss)                          $     159,730   $       (176)
                                                  --------------  -------------
     Adjustments to reconcile net income (loss)
     to net cash used in operating activities:
       Depreciation                                      6,300             -
       Amortization  of  film  inventory               187,916             -
       Other  amortization                              21,316             -
       Loss  on  sale  of  investments                     450             -
     (Increase)  decrease  in  assets:
       Accounts  receivable                            (25,879)            -
       Contracts  receivable                           (54,108)            -
       Inventory                                          (681)            -
       Prepaid  assets                                     735             -
       Film  inventory                                (270,061)            -
     Increase (decrease) in liabilities:
       Accounts  payable                                60,604             -
       Accrued  liabilities                             18,604             -
       Accrued  wages  payable                         (15,573)            -
       Accrued  interest                                51,167             -
       Due  to  factor                                (114,577)            -
       Deferred  revenue                                62,000             -
                                                  --------------  -------------
             Total  adjustments                        (71,787)            -
                                                  --------------  -------------
Net  cash  used  in  operating  activities              87,943            (176)
                                                  --------------  -------------
CASH  FLOWS  FROM  INVESTING  ACTIVITIES:
     Increase  in  stockholder  receivable            (919,513)            -
     Proceeds  from  sale  of  investments              10,375             -
     Purchases  of  long-lived  assets                  (3,070)            -
                                                  --------------  -------------
Net  cash  used  in  investing  activities            (912,208)            -
                                                  --------------  -------------
CASH  FLOWS  FROM  FINANCING  ACTIVITIES:
  Proceeds from shareholder note receivable payment      2,285             -
  Proceeds from issuance of long-term  debt            561,073             -
  Proceeds from issuance of capital stock              287,500             -
                                                  --------------  -------------
Net  cash  provided  by  financing  activities         850,858             -
                                                  --------------  -------------
NET  INCREASE  (DECREASE)  IN  CASH                     26,593            (176)
CASH,  BEGINNING  OF  PERIOD                            12,416          144,098
                                                  --------------  -------------
CASH,  END  OF  PERIOD                            $     39,009    $    143,922
                                                  ==============  =============
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:
    Cash paid during the period for interest      $     34,701    $        -
                                                  ==============  =============
SUPPLEMENTAL  CASH  FLOW  INFORMATION:
     Exchanged note payable for 33,333 shares of
       Company  common  stock                     $     25,000    $        -
                                                  ==============  =============
See  accompanying  notes  to  financial  statements.
<PAGE> 6
FULL  MOON  UNIVERSE,  INC.
FORM  10-QSB  QUARTERLY  REPORT

NOTES  TO  FINANCIAL  STATEMENTS

NOTE  1   BASIS  OF  PRESENTATION:

The accompanying unaudited financial statements have been prepared in accordance
with  generally accepted accounting principles for interim financial information
and  with the instructions to Form 10-QSB.  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, all
adjustments  considered  necessary  for  a fair presentation have been included.
The  results  of  operations  for  the  three  months  ended  is not necessarily
indicative  of  the  results  to  be  expected  for  the full year.  For further
information, refer to the financial statements and footnotes thereto included in
the  Company's  annual  report for the year ended December 31, 2000, included in
its  Annual Report filed on Form 10-KSB.  The Independent Auditor's Report dated
March  9,  2001, on the Company's financial statements states that the Company's
current  liabilities  exceed its current assets and that it has not been able to
generate  positive  cash  flow  from  operations, which raises substantial doubt
about  its  ability  to  continue as a going concern. The accompanying financial
statements  do  not  include  any adjustments that may result from the Company's
inability  to  continue  as  a  going  concern.

NOTE  2   ORGANIZATION  AND  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES:

Organization:

Full  Moon  Universe,  Inc. (the Company) was incorporated under the laws of the
state  of California and commenced operations on November 19, 1999.  The Company
is  an  independent  producer  of  motion  pictures  that  specializes  in
direct-to-video  films.  Additionally,  the  Company designs and wholesales toys
based  on characters in the films.  A substantial portion of the Company's sales
and  accounts  receivable  are  attributable  to  a limited number of customers.

Summary  of  Significant  Accounting  Policies:

a.     Cash  --  Cash  includes cash on hand, cash in banks, and short-term cash
investments.  Such  balances  are  insured  by  the  Federal  Deposit  Insurance
Corporation  up  to  $100,000.

b.     Equipment  and web site development -- Equipment and web site development
are  stated at cost.  Depreciation is computed using primarily the straight-line
method  over  the  assets'  estimated  service  lives.

c.     Prepaid  loan fees - The Company issued 50,000 shares of its common stock
to Coast Capital Partners, L.L.C. in connection with a borrowing agreement.  The
fees  will  be  amortized  over  the  term  of  the  agreement.

d.     Fair  value  of  financial instruments -- The Company's carrying value of
cash,  accounts  receivable,  contracts  receivable  and  accounts  payable, and
accrued liabilities approximate fair value because of the short-term maturity of
these  instruments.  The  fair  value  of the Company's long-term obligations is
estimated  by  discounting  the  future  cash  flows of each instrument at rates
currently  offered  to  the  Company  for similar debt instruments of comparable
maturities  by  the Company's lenders.  Based upon the borrowing rates available
to  the  Company  for  loans  with  similar  terms  and  average maturities, the
estimated  fair  value to the notes payable approximates carrying value at March
31,  2001.


<PAGE> 7
FULL  MOON  UNIVERSE,  INC.
FORM  10-QSB  QUARTERLY  REPORT

NOTES  TO  FINANCIAL  STATEMENTS

NOTE  2   ORGANIZATION  AND  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES
(CONTINUED):

Summary  of  Significant  Accounting  Policies  (continued):

e.     Revenue  and  cost  recognition  --  At  inception,  the  Company adopted
Statement of Position 00-2 (SOP 00-2), "Accounting by Producers and Distributors
of  Films."  SOP  00-2  established  new  film  accounting  standards, including
changes  in revenue recognition and accounting for advertising, development, and
overhead  costs.  Revenues  from film productions are recognized on the date the
completed film is delivered or becomes available from delivery, is available for
exploitation  in  the  relevant  media  window  purchased  by  that  customer or
licensee, and certain other conditions of sale have been met.  SOP 00-2 requires
development  costs for abandoned projects and certain indirect overhead costs to
be  charged directly to expense.  Additionally, SOP 00-2 requires all film costs
to  be  classified  in  the  balance  sheet  as  noncurrent  assets.

Productions costs of released films are amortized based on the ratio of revenues
earned  during  the  current  period  to management's estimate of total lifetime
revenue  to  be  derived  from  the related productions.  It is anticipated that
production  costs  will  be amortized over various periods of generally up to 10
years  although  for  certain  films,  the amortization may be longer or shorter
based  upon  most  recent  revenue  forecasts.

The  market  trend of each film is regularly examined to determine the estimated
future  revenues  and  corresponding  lives.  Due to the nature of the industry,
management's  estimates  of  future revenues may change within the next year and
the  change  could  be  material.

f.     Concentrations  of  credit risk -- The Company grants credit to companies
located  throughout  the  United  States.  The  Company  expects  to  incur  no
significant  losses related to granting such credit.  The Company generally does
not  require collateral and its trade receivables are unsecured.  Management has
not  experienced  nor  does  it  expect  to  incur significant losses from these
receivables.

g.     Income  taxes -- The Company accounts for income taxes in accordance with
Statement  of Financial Accounting Standards No. 109 (SFAS 109), "Accounting for
Income  Taxes."  SFAS  109  is an asset and liability approach that requires the
recognition  of  deferred tax assets and liabilities for the expected future tax
consequences  of  events  that  have  been recognized in the Company's financial
statements  or  tax  return.  In  estimating  future  tax consequences, SFAS 109
generally  considers all expected future events other than enactments of changes
in  tax  law  or  rates.

h.     Earnings  per  common  share  --  The  Company  has  adopted Statement of
Financial  Accounting  Standards No. 128 (SFAS 128), "Earnings per Share," which
established standards for computing and presenting earning per share (EPS).  The
statement  simplifies the standards for computing EPS, replaces the presentation
of primary EPS with a presentation of basic EPS and requires a dual presentation
of  basic  and  diluted  EPS of the face of the income statement.  Basic EPS are
based  upon  the weighted-average number of common shares outstanding during the
period.  Diluted EPS are based upon the weighted-average number of common shares
for  all  dilutive  potential  common  shares  outstanding.



<PAGE> 8
FULL  MOON  UNIVERSE,  INC.
FORM  10-QSB  QUARTERLY  REPORT

NOTES  TO  FINANCIAL  STATEMENTS

NOTE  2   ORGANIZATION  AND  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES
(CONTINUED):

Summary  of  Significant  Accounting  Policies  (continued):

i.     Estimates  --  Management  uses  estimates  and  assumptions in preparing
financial  statements.  Those  estimates  and  assumptions  affect  the reported
amounts  of  assets  and  liabilities,  the  disclosure of contingent assets and
liabilities,  and  the  reported  amounts  of revenues and expenses. Significant
estimates  include  those  related to valuation of deferred tax assets, accounts
receivable  and  inventories of released productions.  It is at least reasonably
possible  that  the significant estimates used will change within the next year.

NOTE  3   FILM  INVENTORIES:

Inventories  related  to film production (which include direct production costs,
production overhead, and acquisition costs) are stated at the lower of amortized
cost  or  net  realizable  value.  Inventories  are  amortized  on an individual
product  basis  based  on  the  proportion  that  current  revenues  bear to the
estimated  remaining  total  lifetime  revenues.  Estimates  of  total  lifetime
revenues  and  expenses  are  periodically  reviewed.  The  Company  expects  to
amortize  75  to  85  percent  of  film  costs during the first year of release.

Film  inventories are comprised of the following components, net of amortization
of  $640,546  at  March  31,  2001.

     Released                                    $     845,988
     Completed,  but  not  released                    108,745
     Currently  in  production                         949,447
                                                 -------------
                                                 $   1,904,180

NOTE  4   EQUIPMENT  AND  WEBSITE  DEVELOPMENT:

Equipment  and  leasehold  improvements  consisted  of  the  following:

     Office  equipment                     $     35,875
     Furniture  and  fixtures                    11,284
     Web  site  development                      29,327
                                           ------------
                                                 76,486
     Accumulated  depreciation                   18,756
                                           ------------
                                           $     57,730













<PAGE> 9
FULL  MOON  UNIVERSE,  INC.
FORM  10-QSB  QUARTERLY  REPORT

NOTES  TO  FINANCIAL  STATEMENTS

NOTE  5   NOTES  PAYABLE:

The  Company  has  the  following  long-term  notes  payable:

Note  payable  to Capital  Coast Partners, L.L.C. (CCP) with  interest
  At  20%.  Beginning  June 25,  2001 until  September 3, 2001, weekly
  payments  of  $2,000 are  required.  From  September 10, 2001  until
  February 25,  weekly payments of $3,000 are required.  From March 4,
  2002 until March 29, 2004, weekly payments of $5,000 are required.

CCP  has  the  right  to  convert  $200,000  of  the  advance  amount,
or  through  a  payment  to  the  Company  following  repayment of the
advance,  into  shares  of  the  Company's  common  stock,  at a price
that  is  the lesser of the price paid by any private purchaser of the
Company's  common  stock  during  the  time  any  portion  of the loan
is  unpaid:  1)  50% below the average of the 90-day closing bid price
of  the  Company's  common  stock  price  commencing January 17, 2001,
or  2)  50%  below the prior 30-day closing bid price of the Company's
common  stock  prior  to  any  notice  of  conversion by CCP.  CCP has
the  right  to  make payment of the purchase price in cash, should the
loan  already  be repaid in whole or part, or through reduction of the
loan  in  an  amount  equivalent  to the purchase price required to be
paid.

CCP  may  convert  up  to $200,000 of the loan until January 30, 2004.
The  note   is  personally   guaranteed  by  the   Company's  majority
stockholder,   Charles  Band.                                          $ 478,011

Amount  convertible  to  common  stock less amortization of beneficial
conversion  feature                                                    (186,655)

Note payable to Wolas Family  Limited Partnership,  due July 31, 2001,
together  with  interest at 10%.  The note is personally guaranteed by
Charles  Band,  the  Company's  majority  shareholder.                   250,000

Note  payable to  Michael Wolf,  due  May  31,  2001,  together   with
interest  at  10%.  The  note  is  personally  guaranteed  by  Charles
Band,  the  Company's  majority shareholder.                              50,000

Note payable to Albert M Zlotnick, the unpaid sum of all advances made
on  Secured  Note  for  Multiple  Advances  in  the amount of $210,000
with  interest  at  9.5%.  A  payment  of  $70,000  plus  all  accrued
interest  on  or  before  May  31,  2001.  A  payment of $70,0000 plus
all  accrued  interest on or before September 30, 2001.  The remaining
balance,  including  all  accrued  interest  is payable on January 30,
2002.                                                                    210,000











<PAGE> 10
FULL  MOON  UNIVERSE,  INC.
FORM  10-QSB  QUARTERLY  REPORT

NOTES  TO  FINANCIAL  STATEMENTS

NOTE  5   NOTES  PAYABLE  (CONTINUED):

Note payable to Albert M. Zlotnick, the  unpaid  sum  of all  advances
made  on   Master  Note  for  Multiple   Advances,  with  the  maximum
amount  not  to  exceed  $1,875,000, with interest at 9.5%.  A payment
of $500,000 plus accrued interest is due on April 30, 2001.  A payment
of  $500,000  plus accrued interest is due on May 31, 2001.  A payment
of  $375,000  plus accrued interest is due on September 30, 2001.  The
remaining  unpaid  principal,  including  all  principal  and  accrued
interest is  payable on January 30, 2002.  The note is secured by
substantially all assets  of the Company and is  personally guaranteed
by Charles Band.  Mr. Zlotnick is a majority stockholder of
Cimarron-Grandview Group, Inc.                                        $1,875,000
                                                                      ----------
                                                                       2,676,356
Less  current  maturities                                              2,452,930
                                                                      ----------

Long-term  portion  (due  in  2002)                                   $  223,426


NOTE  6   PROVISION  FOR  INCOME  TAXES:

The Company recognizes a liability or asset for the deferred tax consequences of
temporary  differences  between the tax bases of assets or liabilities and their
reported  amounts in the financial statements.  These temporary differences will
result  in  taxable  or  deductible  amounts  in  future years when the reported
amounts  of  the  assets  or  liabilities  are  recovered  or  settled.

A  valuation  allowance is provided for deferred tax assets if it is more likely
than  not  these  items will either expire before the company is able to realize
their  benefit,  or  that  future  deductibility  is  uncertain.

At  quarter  end,  the  Company's  film  library had approximately $5,000,000 of
additional  tax  basis than the amount reported in the financial statements. The
deferred tax asset associated with the excess future deductible amounts has been
100  percent  reserved  through a valuation allowance, as it is more likely than
not  that  future  deductibility  is  uncertain.

The  provision for income taxes differs from the amount of income tax determined
by  applying  the  applicable  federal  and  state  statutory  rates as follows:

     Expected  rates  using  statutory  federal  and  state  rates          40%
     Tax  effect  of  excess  tax  basis film library amortization         (40)
                                                                           ---
          Effective  tax  rate                                              - %











<PAGE> 11
FULL  MOON  UNIVERSE,  INC.
FORM  10-QSB  QUARTERLY  REPORT

NOTES  TO  FINANCIAL  STATEMENTS

NOTE  6   PROVISION  FOR  INCOME  TAXES  (CONTINUED):

At March 31, 2001, the Company had deferred tax assets which were fully reserved
by  valuation  allowances.  Following  are  the  components  of  such assets and
allowances:

     Deferred  tax  assets  arising  from:
          Net  operating  loss  carryforwards               $     40,000
          Film  library  basis  difference                     2,026,000
                                                            ------------
                                                               2,066,000
          Less  valuation  allowance                          (2,066,000)
                                                            ------------
               Net  deferred  tax  assets                   $        -

The  Company  had  federal  tax  basis  net  operating  loss  carryforwards  of
approximately  $100,000  at  March  31, 2001,  which  expire  in  2021.


NOTE  7   RELATED-PARTY  TRANSACTIONS:

The  Company  has  a receivable from the Company's majority stockholder, Charles
Band.  The  balance  owed  was  $2,477,245  at  March  31,  2001.  The  stock is
collateralized  by  shares  of  the  Company's  common  stock.


NOTE  8   SHARE  EXCHANGE  AGREEMENT:

In  August  2000,  the  Company  entered  into  a  Share Exchange Agreement with
Cimarron-Grandview  Group,  Inc. (Cimarron) whereby Cimarron proposed to acquire
all  of  the  outstanding  shares of the company for authorized but yet unissued
shares  of  Cimarron common stock.  The effective date of the share exchange was
January  5,  2001.

Prior  to  the  share exchange transaction, Cimarron completed a 1-for-5 reverse
stock  split,  resulting in a total of 3,372,498 common shares outstanding.  The
transaction  was  consummated by Cimarron's issuance of 19,110,822 common shares
to  Full Moon's stockholders in exchange for all the outstanding common stock of
Full  Moon.  This  resulted  in  a total of 22,483,320 common shares of Cimarron
issued  and  outstanding  after  the  transaction.  Cimarron  also increased its
authorized common shares to 100,000,000 and established a par value of $.001 per
share.  In  addition,  Cimarron authorized a class of preferred stock consisting
of  10,000,000  shares  at  $.001  par  value  per  share.  Concurrent  with the
transaction,  Cimarron  changed  its  name  to  Full  Moon  Universe,  Inc.

For accounting purposes, the acquisition of the Company's common shares has been
treated  as  a  recapitalization  (reverse  acquisition) of the Company with the
Company  as  the  acquirer  of  Cimarron.









<PAGE> 12
FULL  MOON  UNIVERSE,  INC.
FORM  10-QSB  QUARTERLY  REPORT

NOTES  TO  FINANCIAL  STATEMENTS

NOTE  9  -  GOING  CONCERN:

These  financial  statements  are  presented  on the basis that the Company is a
going concern, which contemplates the realization of assets and the satisfaction
of  liabilities  in  the  normal  course of business over a reasonable length of
time.  The  accompanying financial statements show current liabilities exceeding
current  assets  and  net  cash  used  in  operations.

Management's  plans  for  the  continuation  of  the  Company as a going concern
include  the  refinancing  of  debt  and  obtaining additional capital through a
private  placement  offering  (see  note  10).

The  Company  plans  to  increase  sales by expanding its current customer base.
Management  is  continuing  to  evaluate the Company to reduce costs and improve
results  from  operations.

The  financial  statements do not include any adjustments that might result from
the  outcome  of  this  uncertainty.


NOTE  10  -  ADDITIONAL  CAPITAL:

During the period January 1 to April 13, 2001, the Company issued 416,665 shares
of  common  stock for $312,500 through a private placement offering and incurred
an  additional  $210,000  in  notes  payable  to  Albert  M.  Zlotnick.


NOTE  11  -  COMMITMENTS:

The Company entered into an agreement with a creditor and shareholder, Albert M.
Zlotnick,  to  provide  monthly consulting services.  The agreement is effective
for  the  period  September  1,  2000 through August 31, 2003.  The Company paid
$10,000  per month from September 2000 through January 2001.  Beginning February
2001,  monthly  payments  will  be  $12,500  per  month.























<PAGE> 13
                          FULL  MOON  UNIVERSE,  INC.
                                   FORM 10-QSB
              FOR  THE  QUARTERLY  PERIOD  ENDED  MARCH  31,  2001

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

The following discussion and analysis should be read together with our financial
statements and notes to the financial statements included elsewhere in this form
10-KSB.

LIQUIDITY  AND  CAPITAL  RESOURCES

At  March 31, 2001 the Company had approximately $39,000 of cash.  The Company's
continuation  as a going concern is dependent on its ability to raise additional
capital  for  working  capital  purposes  and  restructuring the Company's Notes
Payable.  Insufficient  funds  have  required  the  Company  to  scale  back its
operations.  The  Independent  Auditor's  Report  dated  March  9,  2001  on the
Company's  financial  statements  states  the  Company's liabilities exceeds its
current assets and that it has not been able to generate positive cash flow from
operations,  which  raises  substantial doubt about its ability to continue as a
going  concern.  The  accompanying  financial  statements  do  not  include  any
adjustments  that may result from the Company's inability to continue as a going
concern.

RESULTS  FROM  OPERATIONS

For  the  quarter  ending  March  31,  2001,  the  Company  had  a net income of
approximately  $160,000  compared to $187,000 for quarter ending March 31, 2000.

REVENUES

Revenues  for the three months ending March 31, 2001 were approximately $930,000
compared  to  $536,000  for  the  three  months  ending  March  31,  2000.

COST  OF  REVENUES

Cost  of  Revenues  for the three months ending March 31, 2000 was approximately
$335,000  compared  to  $144,000  for  quarter  ending  March 31, 2001.  Cost of
Revenues  consists  primarily of the amortization of capitalized film production
costs, cost of goods sold relating to video duplication and shipping and cost of
goods  sold  relating  to the manufacture and shipping of action figures for the
Company's  toy  business.

SELLING,  GENERAL  AND  ADMINISTRATIVE  EXPENSES

Selling,  general  and administrative expenses for the three months ending March
31,  2001  were  approximately $382,000 compared to $84,000 for the three months
ending  March  31,  2000.  Selling,  general and administrative expenses consist
primarily of marketing and advertising expenses, distribution expenses, salaries
and  related  benefits,  office  rent and services, and administrative expenses.

OTHER  INCOME  AND  EXPENSE

Other  income  and  expense  for  the  three  month  ending March 31, 20001 were
approximately  $54,000  compared  to  $100 for the three months ending March 31,
2000.  Other  income  and  expense  consists  primarily  of  interest income and
interest  expense.





<PAGE> 14
                          FULL  MOON  UNIVERSE,  INC.
                                   FORM 10-QSB
              FOR  THE  QUARTERLY  PERIOD  ENDED  MARCH  31,  2001

                            PART II OTHER INFORMATION

Item  6.  Exhibits  and  Reports  of  Form  8-K

(b)  Reports  on  Form  8-K

During  the  Quarter  ended March 31, 1999 the Registrant filed Form 8-Ks on the
following  dates:

January  12,  2001  (Filed  under  prior  name  Cimarron  Grandview Group, Inc.)
January  26,  2001
February  16,  2001
March  5,  2001


SIGNATURES

In  accordance  with  Section  13 or 15(d)  of the  Exchange Act  the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


FULL  MOON  UNIVERSE,  INC.


     /s/ Charles Band
BY: --------------------------------         DATE:   May  23,  2001
       Charles  Band,  President

     /s/ Gregory B. Lipsker
BY: -------------------------------          DATE:   May  23,  2001
     Gregory B. Lipsker, Secretary






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