SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB
                                   (Mark One)

           [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                For the quarterly period ended September 30, 2000

                                       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 0-26676

                     MULTIMEDIA CONCEPTS INTERNATIONAL, INC.
                     ---------------------------------------
        (Exact Name of Small Business Issuer as Specified in its Charter)
<TABLE>
<CAPTION>

<S>                                                                        <C>
                      Delaware                                             13-3835325
--------------------------------------------                  --------------------------------------------
         (State or Other Jurisdiction of                      (I.R.S. Employer Identification No.)
          Incorporation or Organization)
</TABLE>

               1385 Broadway, Suite 814, New York, New York 10018
                    (Address of Principal Executive Offices)

                                 (212) 391-1111
              (Registrant's Telephone Number, Including Area Code)

                                       N/A
            --------------------------------------------------
              (Former Name, Former Address, and Former Fiscal Year,
                         if Changed Since Last Report)

         Check whether the Issuer (1) has 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  registrant  was required to file such
reports),  and (2) has been subject to such filing  requirements for the past 90
days. Yes [X] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

         State the  number of shares of each of the  issuer's  classes of common
equity outstanding as of the latest  practicable date: Common Stock,  $0.001 per
share: 3,005,000 shares outstanding as of November 10, 2000.
<PAGE>
            MULTIMEDIA CONCEPTS INTERNATIONAL, INC. AND SUBSIDIARIES

<TABLE>
<CAPTION>


                                TABLE OF CONTENTS


       PART I.                   FINANCIAL INFORMATION                                                             Page Number

       Item 1.          FINANCIAL STATEMENTS
                        <S>                                                                                            <C>
                        Consolidated Balance Sheets as of September 30, 2000 (unaudited)  and
                         March 31, 2000                                                                                3

                        Consolidated Statements of Operations (unaudited) for the three
                         and six months ended September 30, 2000 and 1999                                              5

                        Consolidated Statement of Cash Flows (unaudited) for the six
                         months ended September 30, 2000 and 1999                                                      6

                        Notes to Financial Statements (unaudited)                                                      7

       Item 2.          MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                        CONDITION AND RESULTS OF  OPERATIONS                                                          10

       PART II.         OTHER INFORMATION                                                                             12

</TABLE>

<PAGE>
            MULTIMEDIA CONCEPTS INTERNATIONAL, INC. AND SUBSIDIARIES

                           CONSOLIDATED BALANCE SHEETS
                   As of September 30, 2000 and March 31, 2000
<TABLE>
<CAPTION>

                                                                      Sept. 30,   March 31,
                                                                        2000        2000
                                                                    (Unaudited)   (Note 1)
                                                                                 (Restated)
                                                                                  (Note 6)

                                     ASSETS

CURRENT ASSETS:
<S>                                                                <C>            <C>
Cash and cash equivalents ......................................   $   132,953    $ 1,109,166
Accounts receivable ............................................             0        556,591

Advances to supplier ...........................................       575,661        737,145
Prepaid expenses and other current assets ......................         5,689          5,689

Investment in affiliates .......................................       528,000        570,552
                                                                   -----------    -----------

          Total current assets .................................     1,242,303      2,979,143
                                                                   -----------    -----------

FURNITURE, FIXTURES AND EQUIPMENT
   Furniture, fixtures and equipment ...........................        72,789         72,789
   Accumulated depreciation on furniture, fixtures and equipment       (69,332)       (68,861)
                                                                   -----------    -----------
   Furniture, fixtures and equipment - Net .....................         3,457          3,928
                                                                   -----------    -----------

OTHER ASSETS:
Due from affiliates ............................................     1,017,054      1,014,818
Advances to equity investee ....................................       140,000        140,000
Deposits and other assets ......................................        28,961         28,961
                                                                   -----------    -----------

          Total other assets ...................................     1,186,015      1,183,779
                                                                   -----------    -----------

          Total assets .........................................   $ 2,431,775    $ 4,166,850
                                                                   ===========    ===========
</TABLE>











     The accompanying notes are an integral part of these consolidated financial
statements
                                       3

<PAGE>
            MULTIMEDIA CONCEPTS INTERNATIONAL, INC. AND SUBSIDIARIES

                           CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>
                   As of September 30, 2000 and March 31, 2000

                                                                                   Sept. 30,       March 31,
                                                                                     2000            2000
                                                                                   -----------    -----------
                                                                                   (Unaudited)     (Note 1)
                                                                                                  (Restated)
                                                                                                   (Note 6)

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
<S>                                                                                <C>            <C>
Accounts payable ...............................................................   $    23,020    $   998,469
Accrued expenses and other liabilities .........................................       123,060        128,754
Due to affiliates ..............................................................         9,239        481,239
                                                                                   -----------    -----------

     Total current liabilities .................................................       155,319      1,608,462
                                                                                   -----------    -----------

     Total liabilities .........................................................       155,319      1,608,462
                                                                                   -----------    -----------

MINORITY INTEREST IN SUBSIDIARIES (Note 3) .....................................      (176,382)      (151,266)
                                                                                   -----------    -----------

STOCKHOLDERS' EQUITY:
Common stock, $.001 par value;  10,000,000 shares  authorized,  3,005,000 shares
issued and outstanding at September 30, 2000 and March 31, 2000 respectively ...         3,005          3,005
Additional paid-in capital .....................................................     5,852,005      5,852,005
Retained earnings (Deficit) ....................................................    (3,402,172)    (3,145,356)
                                                                                   -----------    -----------

          Total stockholders' equity ...........................................     2,452,838      2,709,654
                                                                                   -----------    -----------

          Total liabilities and stockholders' equity ...........................   $ 2,431,775    $ 4,166,850
                                                                                   ===========    ===========


</TABLE>
     The accompanying notes are an integral part of these consolidated financial
statements
                                       4

<PAGE>
             MULTIMEDIA CONCEPTS INTERNATIONAL, INC. AND SUBSIDIARY

                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)
<TABLE>
<CAPTION>


                                            For the Three Months Ended     For the Six Months Ended
                                            ---------------------------    --------------------------
                                               Sept. 30,      Sept. 30,     Sept. 30,       Sept. 30,
                                                 2000           1999          2000            1999
                                             -----------    -----------    -----------    -----------
                                                            (Restated)                     (Restated)
                                                             (Note 6)                       (Note 6)

<S>                                          <C>            <C>            <C>            <C>
REVENUES, net sales ......................   $   113,337    $   181,540    $ 1,519,088    $ 1,170,774
Cost of sales ............................       129,370        180,162      1,320,203        870,957
                                             -----------    -----------    -----------    -----------
Gross profit .............................       (16,033)         1,378        198,885        299,817

  Operating expenses:
  Operating expenses .....................       270,342        152,187        463,598        323,825
  Depreciation expense
                                                     235            253            470            488
                                             -----------    -----------    -----------    -----------
          Total operating expenses .......       270,577        152,440        464,068        324,313
                                             -----------    -----------    -----------    -----------

OPERATING INCOME (LOSS) ..................      (286,610)      (151,062)      (265,183)       (24,496)
                                             -----------    -----------    -----------    -----------

OTHER INCOME
  Interest and other income
                                                     748           --            2,578         20,613
                                             -----------    -----------    -----------    -----------

INTEREST EXPENSE:
Interest and finance charges .............        19,326           --           19,326           --
                                             -----------    -----------    -----------    -----------
          Total interest expense .........        19,326           --           19,326           --
                                             -----------    -----------    -----------    -----------

INCOME (LOSS) BEFORE MINORITY INTERESTS
                                                (305,188)      (151,062)      (281,931)        (3,883)
                                             -----------    -----------    -----------    -----------
 Minority interests (Note 3)
                                                  19,184          8,065         25,115         16,096
                                             -----------    -----------    -----------    -----------

NET INCOME (LOSS) ........................   $  (286,004)   $  (142,997)   $  (256,816)   $    12,213
                                             ===========    ===========    ===========    ===========

Basic and diluted income (loss) per common
   Share .................................   $      (.10)   $      (.05)   $      (.09)   $       .01
                                             ===========    ===========    ===========    ===========

Weighted average number of common shares
   Outstanding ...........................     3,005,000      3,005,000      3,005,000      3,005,000
                                             ===========    ===========    ===========    ===========

</TABLE>
     The accompanying notes are an integral part of these consolidated financial
statements



                                       5
<PAGE>
            MULTIMEDIA CONCEPTS INTERNATIONAL, INC. AND SUBSIDIARIES

                      CONSOLIDATED STATEMENT OF CASH FLOWS
                                   (Unaudited)
                           Increase (Decrease) in Cash
<TABLE>
<CAPTION>

                                                                                           Six Months Ended
                                                                                        Sept. 30,     Sept. 30,
                                                                                          2000          1999
                                                                                      -----------    -----------
                                                                                                      (Restated)
                                                                                                       (Note 6)

CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                                                   <C>            <C>
Net income (loss) .................................................................   $  (256,816)   $    12,213
                                                                                      -----------    -----------
Adjustments to reconcile net loss to cash (used) provided for operating activities:
   Depreciation and amortization
                                                                                              470            488
   Minority interests in net losses of subsidiaries ...............................       (25,115)       (16,096)
Changes in assets and liabilities:
(Increase) decrease in advances to suppliers ......................................       161,484        530,439
Decrease in accounts receivable ...................................................       556,592        (53,140)
(Increase) in merchandise inventories .............................................          --            4,000
(Increase ) decrease in prepaid expenses and other current assets .................          --             (101)
(Increase) decrease in deposits and other assets ..................................          --           (6,958)
Increase in accounts payable ......................................................      (975,470)       (96,804)
Increase in accrued expenses and other liabilities ................................        (5,694)        13,323
                                                                                      -----------    -----------

          Total adjustments .......................................................      (287,733)       375,151
                                                                                      -----------    -----------

          Net cash provided by operating activities ...............................      (544,549)       387,364
                                                                                      -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
Increase in property and equipment ................................................          --           (2,463)
Investment in subsidiary ..........................................................        42,572        (42,572)
                                                                                      -----------    -----------

          Net cash provided by (used for) investing activities ....................        42,572        (45,035)
                                                                                      -----------    -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
Loans and advances-affiliates .....................................................      (474,236)      (193,000)
                                                                                      -----------    -----------

          Net cash provided by (used for) financing activities ....................      (474,236)      (193,000)
                                                                                      -----------    -----------

NET INCREASE (DECREASE) IN CASH ...................................................      (976,213)   $   149,329
                                                                                      -----------    -----------

Cash, beginning of period .........................................................     1,109,166        984,999
                                                                                      -----------    -----------

Cash, end of period ...............................................................   $   132,953    $ 1,134,328
                                                                                      ===========    ===========

Supplemental disclosure of cash flow information:
Interest paid .....................................................................   $      --      $      --
                                                                                      ===========    ===========
Taxes paid ........................................................................   $    30,483    $      --
                                                                                      ===========    ===========
</TABLE>
     The accompanying notes are an integral part of these consolidated financial
statements

                                        6

<PAGE>
            MULTIMEDIA CONCEPTS INTERNATIONAL, INC. AND SUBSIDIARIES

                          NOTES TO FINANCIAL STATEMENTS
                               September 30, 1999
                                   (Unaudited)


NOTE 1 -          BASIS OF PRESENTATION

                  The accompanying  unaudited  consolidated financial statements
                  have been  prepared  in  accordance  with  generally  accepted
                  accounting  principles for interim  financial  information and
                  the  instruction  to  Form  10-QSB.  Accordingly,  they do not
                  include  all  the  information   and  footnotes   required  by
                  generally  accepted  accounting  principles  for more complete
                  financial  statements.  In  the  opinion  of  management,  the
                  interim   financial   statements   include   all   adjustments
                  considered  necessary for a fair presentation of the Company's
                  financial  position and the results of its  operations for the
                  six months ended  September  30, 2000 and are not  necessarily
                  indicative  of the results to be expected for the fiscal year.
                  For further information,  refer to the Company's Annual Report
                  on Form  10-KSB for the year ended  March 31,  2000,  as filed
                  with the Securities and Exchange Commission.

NOTE 2 -          DESCRIPTION OF COMPANY:

                  Multimedia Concepts  International,  Inc. (the "Company") is a
                  Delaware  corporation  which was  organized in June 1994 under
                  the name U.S. Food  Corporation.  The Company changed its name
                  to American Eagle Holdings  Corporation in April 1995 and then
                  to its present  name in June 1995.  The Company was  initially
                  formed as a holding  company  for the  purpose  of  forming an
                  integrated  clothing design,  manufacturing,  and distribution
                  operation.

                  In   February   1997,  the  Company formed a new wholly  owned
                  subsidiary,  U.S.  Apparel  Corp. ("U.S.  Apparel"),  which is
                  engaged  in  the  design and manufacture of a line of T-shirts
                  and other tops, predominately for men and boys.

                  On January 2, 1998, the Company  acquired  3,571,429 shares of
                  the outstanding common stock of United Textiles and Toys Corp.
                  ("United   Textiles"),   a  company  of  which  the  Company's
                  President is also President,  Chief Executive  Officer,  and a
                  Director. The issuance of these shares at a price of $0.28 per
                  share ($0.01 above the closing price on December 31, 1997) was
                  made in  conjunction  with a conversion  into equity of United
                  Textiles'  $1,000,000 debt owed to the Company for a loan made
                  by the Company.  As a result of this transaction,  the Company
                  owns 78.5% of the outstanding shares of common stock of United
                  Textiles,  effectively  making United Textiles a subsidiary of
                  the Company.

                  United   Textiles  was  a  company   engaged  in  the  design,
                  manufacturing,  and  marketing  of a variety  of lower  priced
                  women's dresses,  gowns,  and separates for special  occasions
                  and formal  events.  In April 1998,  United  Textiles,  having
                  sustained    continuous   losses,    discontinued    operating
                  activities.
                                       7
<PAGE>
            MULTIMEDIA CONCEPTS INTERNATIONAL, INC. AND SUBSIDIARIES

                          NOTES TO FINANCIAL STATEMENTS
                               September 30, 1999
                                   (Unaudited)

NOTE 3 -          MINORITY INTEREST:

                  The  Company  owns  a  majority  interest,  78.5%,  in  United
                  Textiles.  The  minority  interest  liability  represents  the
                  minority  shareholders'  portion,  21.5%, of United  Textiles'
                  equity.

NOTE 4 -          INVESTMENT BY U.S. STORES CORP.:

                  On  January  20,  1998,  U.S.  Stores  Corp.  ("U.S.  Stores")
                  acquired  1,465,000   shares  of the  Company's  common stock.
                  U.S.  Stores was  incorporated  on   November  10,  1997.  The
                  Company's President is also President  and  a Director of U.S.
                  Stores.   After  this   transaction,    U.S.  Stores  held  an
                  aggregate of 1,868,000  shares  of the Company's common stock,
                  or 63% of the  outstanding  shares,  effectively  making   the
                  Company a subsidiary of U.S. Stores.

                  On February 28, 1998, American Telecom Corporation  ("American
                  Telecom")  acquired 100% of the  outstanding  common shares of
                  U.S. Stores. American Telecom was incorporated on November 10,
                  1997. The Company's President is also President and a Director
                  of American Telecom. After this transaction,  American Telecom
                  effectively obtained beneficial control of the Company and its
                  subsidiaries.

                  In April 1998,  American  Telecom,  in a transaction  in which
                  shares were exchanged, exchanged all of its outstanding common
                  shares with American  Telecom,  PLC, a publicly traded company
                  in Great Britain.  After this  transaction,  American  Telecom
                  effectively  became a  subsidiary  of American  Telecom,  PLC.
                  Additionally,  as part of this transaction,  American Telecom,
                  PLC acquired  100% of the  outstanding  common  shares of U.S.
                  Stores,  thereby  effectively  making  U.S.  Stores  a  direct
                  subsidiary of American Telecom, PLC.


NOTE 5 -          YEAR 2000 UPDATE

                  Subject to continued monitoring of third party suppliers,  the
                  Company's year 2000 program  ("Program")  is complete,  and no
                  material  problems  have arisen since the end of calendar year
                  1999. The Program addressed the issue of computer programs and
                  embedded  computer chips being unable to  distinguish  between
                  the year 1900 and the year 2000. All of the Company's business
                  computer systems are year 2000 ready.

                                       8
<PAGE>
            MULTIMEDIA CONCEPTS INTERNATIONAL, INC. AND SUBSIDIARIES

                          NOTES TO FINANCIAL STATEMENTS
                               September 30, 1999
                                   (Unaudited)

NOTE 6 -          RESTATEMENT OF FINANCIAL STATEMENTS - September 30, 1999:

                  The financial  statements for the three months ended September
                  30, 1999 contain certain  restatements  of amounts  previously
                  reported.

                  These  restatements  were the  result of the  decision  by the
                  Company's subsidiary,  United Textiles and Toys Corp. ("UTT"),
                  to  deconsolidate  the  accounts  of Play Co.  as of March 31,
                  2000. At March 31, 1999, UTT's percentage of ownership in Play
                  Co. was 45.2%.  Although  UTT at that date owned less than 51%
                  of Play Co.'s  outstanding  common stock,  UTT still exercised
                  prerogative  of  control  over Play Co. and  consolidated  the
                  accounts of Play Co. into UTT.

                  At March 31, 2000,  UTT's  percentage of ownership in Play Co.
                  was   reduced  to   21.69%.   Accordingly,   UTT   elected  to
                  deconsolidate  the  accounts of Play Co.,  and account for its
                  investment  in Play Co. on the  equity  method of  accounting.
                  Under the equity method,  the original  investment is recorded
                  at  cost,  and  is  adjusted  periodically  to  recognize  the
                  investor's  share of the  earnings  or losses of the  investee
                  subsequent  to the date of  acquisition.  Under this method of
                  accounting,  the investment  generally cannot be reduced below
                  zero,  when the investee has operating  losses that exceed the
                  investment,  at which  point the use of the  equity  method is
                  suspended.  UTT will resume  accounting  for the investment in
                  Play Co.  under the equity  method when Play Co.  subsequently
                  reports net income and the net income  exceeds  the  Company's
                  accumulated  share of Play  Co.'s net  losses  not  recognized
                  during the period of discontinuance of the equity method.

                  In 1997,  the Company  acquired  803,070  shares of Play Co.'s
                  Series  E  convertible  preferred  stock.  These  shares  were
                  acquired   from  an   affiliated   company  as  repayment  for
                  outstanding loans made to that company by Multimedia. In April
                  2000, the Company  converted these preferred  shares into Play
                  Co.  common  stock  at the  conversion  rate of one  share  of
                  preferred for six shares of common stock.  As a result of this
                  conversion,  the Company at April 2000 owned 4,818,420 shares,
                  or approximately 79%, of Play Co.'s common stock. At September
                  30, 2000, the Company held a 10.3%  minority  interest in Play
                  Co. as a result of the  conversion of a substantial  amount of
                  Play Co.'s Series E  convertible  preferred  stock into common
                  stock  between   April  2000  and  September   2000.  As  this
                  investment  in Play Co.  amounts to less than 20%, the Company
                  has accounted for this investment on the "cost basis" method.

                                       9
<PAGE>
            MULTIMEDIA CONCEPTS INTERNATIONAL, INC. AND SUBSIDIARIES

                          NOTES TO FINANCIAL STATEMENTS
                               September 30, 1999
                                   (Unaudited)

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


Results of Operations

     Statements  contained in this report which are not historical  facts may be
considered forward looking  information with respect to plans,  projections,  or
future  performance  of the  Company as  defined  under the  Private  Securities
Litigation Act of 1995.  These forward  looking  statements are subject to risks
and  uncertainties  which could cause actual results to differ  materially  from
those projected.

Three months ended September 30, 2000 compared to three months  ended  September
30, 1999

     Consolidated  sales for the three  months  ended  September  30,  2000 were
$113,337  Consolidated  sales for the three months ended September 30, 1999 were
$181,540.  The  decrease  of $68,203 or 38 % is  primarily  due to a decrease in
orders in the second fiscal quarter from the Company's primary customer.

     Consolidated  cost of sales for the three months ended  September  30, 2000
was $  129,370,  or 114 % of  sales,  as  compared  to the  three  months  ended
September 30, 1999 in which the cost of sales was $180,162,  or 99.2 % of sales.
The  decrease of $50,792 or 28 % is  primarily  associated  with the decrease in
sales for the quarter.

     Consolidated  operating  expenses  (excluding  depreciation  expense  as of
September 30, 2000) were $ 270,342  compared to the quarter ended  September 30,
1999 in which the operating expenses were $ 152,187.

     Consolidated  depreciation expense for the three months ended September 30,
2000 was $235. The consolidated  depreciation and amortization  expense included
in the  operating  expenses for the three months  ended  September  30, 1999 was
$253.

     The Company's  subsidiary,  United Textiles & Toys, Co.,  incurred interest
expense of $19,326 in the three months ended  September 30, 2000, as compared to
$ 0 in the three months ended  September 30, 1999.  The  recognition of interest
expense  was a result of an  assessment  by the State of New York on late  filed
payroll tax returns in prior years.

     For the three months ended September 30, 2000, subsequent to the adjustment
for the minority interest in the net loss of subsidiaries,  the Company reported
a consolidated  net loss of $ 286,004,  or $.10 per common share.  For the three
months ended  September 30, 1999, the Company  reported a restated  consolidated
net loss of $142,997, or $ .05 per common share.

     Six months  ended  September  30,  2000  compared  to the six months  ended
September 30, 199

     Consolidated  sales  for the six  months  ended  September  30,  2000  were
$1,519,088 . Consolidated sales for the six months ended September 30, 1999 were
$1,170,774.  The increase of $348,314 or 30 % is primarily due to an increase in
sales in the first fiscal quarter related to the Company's primary customer.


                                       10
<PAGE>
     Consolidated  cost of sales for the six months ended September 30, 2000 was
$1,320,203,  or 87 % of sales, as compared to the six months ended September 30,
1999 in which the cost of sales was $ 870,957, or 74 % of sales. The increase of
$449,246 or 52 % is  primarily  associated  with an increase in sales during the
first fiscal quarter.

     Consolidated operating expenses (excluding  depreciation) were $463,598, or
31% of sales, for the six months ended September 30, 2000 as compared to the six
months ended September 30, 1999 in which the operating  expenses were $ 323,825,
or 28% of sales.

     Consolidated  depreciation  expense for the six months ended  September 30,
2000 was $470. The consolidated depreciation and amortization for the six months
ended September 30, 1999 was $ 488.

     The Company's  subsidiary,  United Textiles & Toys, Co.,  incurred interest
expense of $19,326 in the six months ended  September 30, 2000, as compared to $
0 in the six months  ended  September  30,  1999.  The  recognition  of interest
expense  was a result of an  assessment  by the State of New York on late  filed
payroll tax returns in prior years.

     For the six months ended  September 30, 2000,  subsequent to the adjustment
for the minority interest in the net loss of subsidiaries,  the Company reported
a  consolidated  net loss of $ 256,816,  or $ .09 per common share.  For the six
months ended  September 30, 1999, the Company  reported a restated  consolidated
net income of $ 12,213, or $.01 per common share.

Liquidity and Capital Resources

     At September 30, 2000,  the Company  reported cash and cash  equivalents of
$132,953, working capital of $1,086,984, and stockholders' equity of $2,452,838.

     At March 31,  2000,  the  Company  reported  cash and cash  equivalents  of
$1,109,166,   working  capital  of  $1,370,681,   and  stockholders'  equity  of
$2,709,654.

     The Company has generated  operating  losses for the past several years and
has  historically  financed  those losses and its working  capital  requirements
through  loans.  There  can  be no  assurance  that  the  Company  or any of its
subsidiaries  will be able to generate  sufficient  revenues or have  sufficient
controls over expenses and other charges to achieve profitability.

     During the six months ended September 30, 2000,  operating  activities used
funds in the amount of  $544,549  as  compared  to $ 387,364  used by  operating
activities in the six months ended September 30, 1999.


                                       11
<PAGE>
     The Company  provided  $42,572 in  investing  activities  in the six months
ended September 30, 2000 as compared to a use of $45,035 in the six months ended
September 30, 1999.

     Financing activities used $474,236 and $193,000 during the six months ended
September 30, 2000 and September 30, 1999, respectively.

     As a result of these operating,  investing,  and financing activities,  the
Company reported a consolidated  decrease in cash of $976,213 for the six months
ended  September 30, 2000 and an increase in cash of $149,329 for the six months
ended September 30, 1999.


Trends Affecting Liquidity, Capital Resources and Operations


     U.S.  Apparel's  sales are generated from  short-term  purchase orders from
customers  who place  orders  on an  as-needed  basis.  U.S.  Apparel  typically
manufactures  its products  upon receipt of orders from  customers  and delivers
finished  goods  within four weeks of receipt of an order.  In  anticipation  of
reorders from customers, U.S. Apparel generally manufactures 10% more goods than
are ordered by such customers.

     U.S.  Apparel has been able to  purchase  raw  materials  from a variety of
suppliers.

Year 2000 Update

     Subject to continued  monitoring  of third party  suppliers,  the Company's
year 2000 program ("Program") is complete,  and no material problems have arisen
since the end of calendar year 1999. The Program addressed the issue of computer
programs and embedded  computer  chips being unable to  distinguish  between the
year 1900 and the year 2000. All of the Company's  business computer systems are
year 2000 ready. .

Inflation and Seasonality

     The impact of inflation on the Company's results of operations has not been
significant.  Each subsidiary  attempts to pass on increased costs by increasing
product prices over time.

     U.S.  Apparel's  operations  are  generally  not seasonal and are generally
spread throughout the year.



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<PAGE>
                           PART II - OTHER INFORMATION



Item 1.           Legal Proceedings:        None

Item 2.           Changes in Securities and Use of Proceeds:  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)      The following  exhibits are filed with this Form 10-QSB for the quarter
ended September 30, 2000:


        27.1           Financial Data Schedule

(b)      During the quarter ended September 30, 2000, no reports on Form 8-K
were filed with the Securities and Exchange Commission.


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<PAGE>
                                   SIGNATURES


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized, on this November 14, 2000.


                                    MULTIMEDIA CONCEPTS INTERNATIONAL, INC.



                                    By:     /s/  Ilan Arbel
                                            ----------------------------
                                            Ilan Arbel
                                            President


                                    By:     /s/ Allean Goode
                                            ------------------
                                            Allean Goode
                                            Treasurer


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