UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


WASHINGTON,
D.C. 20549





FORM
10-Q





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




For the
quarterly period ended September 30, 2010




o TRANSITION REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934





For
the transition period from ______to______.





Commission
file number:000-54049





MATTER
OF TIME I CO.


(Exact
name of registrant as specified in its charter)





Nevada
            27-2564032(State
      or other jurisdiction of
            (I.R.S.
      Employerincorporation
      or organization)
            Identification
      No.)


101
      Montgomery Street, Suite 1950San Francisco,
      CA  94104(Address
      of principal executive offices including zip
  code)
 
 415-955-8900(Registrant
      's telephone number, including area
code)


Indicate
by check mark whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.  Yes x No  ̈




Indicate
by check mark whether the registrant has submitted electronically and posted on
its corporate Web site, if any, every Interactive Data File required to be
submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this
chapter) during the preceding 12 months (or for such shorter period that the
registrant was required to submit and post such files).


Yes  ̈ No  ̈




Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.





Large
      accelerated filer  ̈
            Accelerated
      filer  ̈Non-accelerated
      filer  ̈ (Do
      not check if a smaller reporting company)
            Smaller
      reporting company x





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act).


Yes x No  ̈




The
number of shares outstanding of the registrant’s common stock, par value $0.001,
on November 4, 2010 was 200,000 shares.








MATTER
OF TIME I CO


Quarterly
Period Ended September 30, 2010





INDEX





PART
      I.
                  FINANCIAL
      INFORMATIONItem
      1.
                  Financial
      Statements (Unaudited)
                  3Item
      2.
                  Management's
      Discussion and Analysis of Financial Condition and Results of
      Operations
                  10Item
      3.
                  Quantitative
      and Qualitative Disclosures About Market Risk
                  11Item
      4.
                  Controls
      and Procedures
                  11PART
      II.
                  OTHER
      INFORMATION
                  12Item
      1.
                  Legal
      Proceedings
                  12Item
      1A.
                  Risk
      Factors
                  12Item
      2.
                  Unregistered
      Sales of Equity Securities and Use of Proceeds
                  12Item
      3.
                  Defaults
      Upon Senior Securities
                  12Item
      4.
                  (Removed
      and Reserved)
                  12Item
      5.
                  Other
      Information
                  12Item
      6.
                  Exhibits
                  12SIGNATURES
                  13


2





PART
I. FINANCIAL INFORMATION


Item
1. Financial Statements


MATTER
OF TIME I CO.


(A
DEVELOPMENT STAGE COMPANY)


BALANCE
SHEET


(Unaudited)





September 30,2010ASSETSCURRENT
      ASSETSCash
                                
                                $
                                296TOTAL
      ASSETS
                                
                                $
                                296LIABILITIES
      AND STOCKHOLDERS' EQUITYCURRENT
      LIABILITIESAccount
      payable
                                
                                $
                                -Total
      Current Liabilities
                                
                                
                                -COMMITMENTS
      AND CONTINGENCIES
                                
                                
                                -STOCKHOLDERS'
      EQUITYPreferred
      Stock 10,000,000 shares authorized, none issued and
      outstanding
                                
                                
                                -Common
      stock, $0.001 par value, 100,000,000 shares authorized,
      200,000
                                
                                
                                -shares
      issued and outstanding
                                
                                
                                200Additional
      paid-in capital
                                
                                
                                11,800Deficit
      accumulated during the development stage
                                
                                
                                (11,704
                                )Total
      Stockholders' Equity
                                
                                
                                296TOTAL
      LIABILITIES AND STOCKHOLDERS' EQUITY
                                
                                $
                                296





See
accompanying notes to the unaudited financial statements


3




MATTER
OF TIME I CO.


(A
DEVELOPMENT STAGE COMPANY)


STATEMENTS
OF OPERATIONS


(unaudited)





For the three
                                  
                                  
                                  For the period frommonths ended
                                  
                                  
                                  April 28, 2010September 30,
                                  
                                  
                                  (Inception) through2010
                                  
                                  
                                  September 30, 2010REVENUE
                                  
                                  $
                                  -
                                  
                                  
                                  $
                                  -COSTS
      AND OPERATING EXPENSESGeneral
      and administrative expenses
                                  
                                  
                                  1,187
                                  
                                  
                                  
                                  11,704Total
      Operating Expesnes
                                  
                                  
                                  1,187
                                  
                                  
                                  
                                  11,704NET
      LOSS BEFORE INCOME TAXES
                                  
                                  
                                  (1,187
                                  )
                                  
                                  
                                  (11,704
                                  )Income
      tax provision
                                  
                                  
                                  -
                                  
                                  
                                  
                                  -NET
      LOSS
                                  
                                  $
                                  (1,187
                                  )
                                  
                                  $
                                  (11,704
                                  )Net
      loss per common share - basic and diluted
                                  
                                  $
                                  (0.01
                                  )
                                  
                                  $
                                  (0.08
                                  )Weighted
      average number of common shares outstanding - basic and
      diluted
                                  
                                  
                                  200,000
                                  
                                  
                                  
                                  143,226





See
accompanying notes to the unaudited financial statements.


4




MATTER
OF TIME I CO.


(A
DEVELOPMENT STAGE COMPANY)


STATEMENT
OF CASH FLOWS


(unaudited)





For the period fromApril 28, 2010(Inception) throughSeptember 30, 2010CASH
      FLOWS FROM OPERATING ACTIVITIES:Net
      loss
                                    
                                    $
                                    (11,704
                                    )Adjustments
      to reconcile net loss to net cash used in operating
    activitiesCommon
      stock issued for services
                                    
                                    
                                    6,000Changes
      in operating assets and liabilitiesNet
      Cash Used in Operating Activities
                                    
                                    
                                    (5,704
                                    )CASH
      FLOWS FROM FINANCING ACTIVITIES:Issuance
      of common stock
                                    
                                    
                                    6,000Net
      Cash Provided by Financing Activities
                                    
                                    
                                    6,000NET
      INCREASE IN CASH AND CASH EQUIVALENTS
                                    
                                    
                                    296CASH
      AND CASH EQUIVALENTS, BEGINNING OF PERIOD
                                    
                                    
                                    -CASH
      AND CASH EQUIVALENTS, END OF PERIOD
                                    
                                    $
                                    296SUPPLEMENTAL
      DISCLOSURES OF CASH FLOWS INFORMATION:Interest
      paid
                                    
                                    $
                                    -Income
      taxes
                                    
                                    $
                                    -Common
      Stock issued for payment of legal and management fees
                                    
                                    $
                                    6,000





See
accompanying notes to the unaudited financial statements


5


MATTER
OF TIME I CO.


(A
DEVELOPMENT STAGE COMPANY)


September
30, 2010


NOTES TO
THE UNAUDITED FINANCIAL STATEMENTS




Note
1 – Basis of Presentation




The
accompanying unaudited interim financial statements of Matter of Time I Co.,
have been prepared in accordance with accounting principles generally accepted
in the United States of America and the rules of the Securities and Exchange
Commission, and should be read in conjunction with the audited financial
statements and notes thereto contained in Matter of Time I Co’s Annual Report
filed with the SEC on Form 10-12G.  In the opinion of management, all
adjustments, consisting of normal recurring adjustments, necessary for a fair
presentation of financial position and the results of operations for the interim
periods presented have been reflected herein.  The results of
operations for interim periods are not necessarily indicative of the results to
be expected for the full year.  Notes to the financial statements
which substantially duplicate the disclosure contained in the audited financial
statements for fiscal 2010 as reported in the Form 10-12G have been
omitted.




Note
2 – Nature of Operations




Matter of
Time I Co. (a development stage company) was incorporated in Nevada on April 28,
2010, with an objective to acquire, or merge with, an operating business. As of
September 30, 2010, we have not yet commenced any operations.




We, based
on proposed business activities, are a "blank check" company. The Securities and
Exchange Commission (“SEC”) defines such a company as “a development stage
company” that has no specific business plan or purpose, or has indicated that
its business plan is to engage in a merger or acquisition with an unidentified
company or companies, or other entity or person; and is issued ‘penny stock,’ as
defined in Rule 3a51-1 under the Securities Exchange Act of 1934. Many states
have enacted statutes, rules and regulations limiting the sale of securities of
"blank check" companies in their respective jurisdictions. We do not intend to
undertake any efforts to cause a market to develop in its securities, either
debt or equity, until after we consummate a business combination.




We
organized as a vehicle to investigate and, if such investigation warrants,
acquire a target company or business seeking the perceived advantages of being a
publicly held corporation and, to a lesser extent that desires to employ our
funds in its business. Our principal business objective for the next 12 months
and beyond such time will be to achieve long-term growth potential through a
combination with a business (“Business Combination”) rather than immediate,
short-term earnings. We will not restrict our potential candidate target
companies to any specific business, industry or geographical location and, thus,
may acquire any type of business. The analysis of new business opportunities
will be undertaken by or under the supervision of our officers and
directors.




Note
3 – Significant Accounting Policies




Development
stage company




We are a
development stage company as defined by section 810-10-20 of the FASB Accounting
Standards Codification. We devote substantially all of our efforts on
establishing the business and our planned principal operations have not
commenced.  All losses accumulated since inception have been
considered as part of our exploration stage activities.




Use
of estimates




The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements as well as the reported amount of revenues and expenses during the
reporting period. Actual results could differ from these
estimates.


6


MATTER
OF TIME I CO.


(A
DEVELOPMENT STAGE COMPANY)


September
30, 2010


NOTES TO
THE UNAUDITED FINANCIAL STATEMENTS




Due to
the limited level of operations, we have not had to make material assumptions or
estimates other than the assumption that we are a going concern.




Fiscal
year end




We
elected December 31 as our fiscal year ending date.




Cash
equivalents




We
consider all highly liquid investments with maturities of three months or less
at the time of purchase to be cash equivalents.




Fair
value of financial instruments




We follow
paragraph 825-10-50-10 of the FASB Accounting Standards Codification for
disclosures about fair value of our financial instruments and paragraph
820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph
820-10-35-37”) to measure the fair value of our financial
instruments.  Paragraph 820-10-35-37 establishes a framework for
measuring fair value in accounting principles generally accepted in the United
States of America (U.S. GAAP), and expands disclosures about fair value
measurements. To increase consistency and comparability in fair value
measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair
value hierarchy, which prioritizes the valuation techniques used to measure fair
value into three (3) broad levels.  The fair value hierarchy gives the
highest priority to quoted prices (unadjusted) in active markets for identical
assets or liabilities and the lowest priority to unobservable
inputs.  The three (3) levels of fair value hierarchy defined by
Paragraph 820-10-35-37 are described below:




Level
      1
            Quoted
      market prices available in active markets for identical assets or
      liabilities as of the reporting
date.




Level
      2
              Pricing
      inputs other than quoted prices in active markets included in Level 1,
      which are either directly or indirectly observable as of the reporting
      date.




Level
      3
            Pricing
      inputs that are generally observable inputs and not corroborated by market
      data.




The
carrying amounts of our financial assets and liabilities, such as accrued
expenses approximate its fair values because of the short maturity of this
instrument.




We do not
have any assets or liabilities measured at fair value on a recurring or a
non-recurring basis, consequently, we did not have any fair value adjustments
for assets and liabilities measured at fair value at September 30, 2010, nor
gains or losses are reported in the statement of operations that are
attributable to the change in unrealized gains or losses relating to those
assets and liabilities still held at the reporting date for the period from
April 28, 2010 (inception) through September 30, 2010.




Revenue
recognition




We apply
paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue
recognition.  We will recognize revenue when it is realized or
realizable and earned.  We consider revenue realized or realizable and
earned when all of the following criteria are met: (i) persuasive evidence of an
arrangement exists, (ii) the product has been shipped or the services have been
rendered to the customer, (iii) the sales price is fixed or determinable, and
(iv) collectibility is reasonably assured.


7


MATTER
OF TIME I CO.


(A
DEVELOPMENT STAGE COMPANY)


September
30, 2010


NOTES TO
THE UNAUDITED FINANCIAL STATEMENTS




Income
taxes




We follow
Section 740-10-30 of the FASB Accounting Standards Codification, which requires
recognition of deferred tax assets and liabilities for the expected future tax
consequences of events that have been included in the financial statements or
tax returns.  Under this method, deferred tax assets and liabilities
are based on the differences between the financial statement and tax bases of
assets and liabilities using enacted tax rates in effect for the year in which
the differences are expected to reverse.  Deferred tax assets are
reduced by a valuation allowance to the extent management concludes it is more
likely than not that the assets will not be realized.  Deferred tax
assets and liabilities are measured using enacted tax rates expected to apply to
taxable income in the years in which those temporary differences are expected to
be recovered or settled.  The effect on deferred tax assets and
liabilities of a change in tax rates is recognized in the Statement of
Operations in the period that includes the enactment date.




We
adopted section 740-10-25 of the FASB Accounting Standards Codification
(“Section 740-10-25”). Section 740-10-25.addresses the determination of whether
tax benefits claimed or expected to be claimed on a tax return should be
recorded in the financial statements.  Under Section 740-10-25, we may
recognize the tax benefit from an uncertain tax position only if it is more
likely than not that the tax position will be sustained on examination by the
taxing authorities, based on the technical merits of the
position.  The tax benefits recognized in the financial statements
from such a position should be measured based on the largest benefit that has a
greater than fifty percent (50%) likelihood of being realized upon ultimate
settlement.  Section 740-10-25 also provides guidance on
de-recognition, classification, interest and penalties on income taxes,
accounting in interim periods and requires increased disclosures.  We
had no material adjustments to our liabilities for unrecognized income tax
benefits according to the provisions of Section 740-10-25.




Net
loss per common share




Net loss
per common share is computed pursuant to section 260-10-45 of the FASB
Accounting Standards Codification.  Basic net loss per share is
computed by dividing net loss by the weighted average number of shares of common
stock outstanding during the period.  Diluted net loss per share is
computed by dividing net loss by the weighted average number of shares of common
stock and potentially outstanding shares of common stock during each
period.  There were no potentially dilutive shares outstanding as of
September 30, 2010.




Recently
issued accounting standards




We do not
believe that any recently issued, but not yet effective accounting
pronouncements, if adopted, would have a material effect on the accompanying
financial statements.




Note
4 – Going Concern




The
accompanying financial statements have been prepared assuming that we will
continue as a going concern.  As reflected in the accompanying
financial statements, we had less than $300 in working capital at September 30,
2010, a deficit accumulated during the development stage of $11,704 at September
30, 2010, and a net loss from operations of $1,187 for the three months ended
September 30, 2010.




While we
attempt to commence operations and generate revenues, our cash position may not
be sufficient enough to support our daily operations.  We intend to
raise additional funds by way of a public or private
offering.  Management believes that the actions presently being taken
to further implement our business plan and generate revenues provide the
opportunity for us to continue as a going concern.  While we believe
in the viability of our strategy to generate revenues and in our ability to
raise additional funds, there can be no assurances to that
effect.  Our ability to continue as a going concern is dependent upon
our ability to further implement our business plan and generate
revenues.




The
financial statements do not include any adjustments that might be necessary if
we are unable to continue as a going concern.


8


MATTER
OF TIME I CO.


(A
DEVELOPMENT STAGE COMPANY)


September
30, 2010


NOTES TO
THE UNAUDITED FINANCIAL STATEMENTS




Note
5 – Related Party Transaction




We have
been provided office space by our Chief Executive Officer at no cost. We
determined that such cost is nominal and did not recognize the rent expense in
its financial statements.  Additionally, our President and Chief
Executive Officer is also the principal in the firm The Crone Law
Group.  The Crone Law Group paid business license and operating
expenses on our behalf in the amount of $1,217 for which we provided
reimbursement.  At September 30, 2010, we owed $0 to The Crone Law
Group.




Note
6 – Subsequent Events




We
evaluated all events that occur after the balance sheet date of September 30,
2010 through the date when the financial statements were issued to determine if
they must be reported. We determined that there are no reportable subsequent
events to be disclosed.




9


Item
2. Management's Discussion and Analysis of Financial Condition and Results
of Operations




Business




We were
organized as a vehicle to investigate and, if such investigation warrants,
acquire a target company or business seeking the perceived advantages of being a
publicly held corporation. Our principal business objective for the next 12
months and beyond such time will be to achieve long-term growth potential
through a combination with a business rather than immediate, short-term
earnings. We will not restrict our potential candidate target companies to any
specific business, industry or geographical location and, thus, may acquire any
type of business.




We do not
currently engage in any business activities that provide cash flow. The costs of
investigating and analyzing business combinations for the next 12 months and
beyond such time will be paid with money in our treasury or with additional
amounts, as necessary, to be loaned to or invested in us by our stockholders,
management or other investors.




During
the next 12 months we anticipate incurring costs related to:




·
            filing of Exchange Act reports,
      and




·
            consummating an
      acquisition.




We
believe we will be able to meet these costs through use of funds in our treasury
and additional amounts, as necessary, to be loaned by or invested in us by our
stockholders, management or other investors.




We are in
the development stage and have negative working capital, negative stockholders’
equity and have not earned any revenues from operations to date. These
conditions raise substantial doubt about our ability to continue as a going
concern. We are currently devoting our efforts to locating merger
candidates. Our ability to continue as a going concern is dependent upon our
ability to develop additional sources of capital, locate and complete a merger
with another company, and ultimately, achieve profitable
operations.




We may
consider a business which has recently commenced operations, is a developing
company in need of additional funds for expansion into new products or markets,
is seeking to develop a new product or service, or is an established business
which may be experiencing financial or operating difficulties and is in need of
additional capital. In the alternative, a business combination may involve the
acquisition of, or merger with, a company which does not need substantial
additional capital, but which desires to establish a public trading market for
its shares, while avoiding, among other things, the time delays, significant
expense, and loss of voting control which may occur in a public
offering.




Our
officers and director have not had any preliminary contact or discussions with
any representative of any other entity regarding a business combination with us.
Any target business that is selected may be a financially unstable company or an
entity in its early stages of development or growth, including entities without
established records of sales or earnings. In that event, we will be subject to
numerous risks inherent in the business and operations of financially unstable
and early stage or potential emerging growth companies. In addition, we may
effect a business combination with an entity in an industry characterized by a
high level of risk, and, although our management will endeavor to evaluate the
risks inherent in a particular target business, there can be no assurance that
we will properly ascertain or assess all significant risks.




Our
management anticipates that it will likely be able to effect only one business
combination, due primarily to our limited financing and the dilution of interest
for present and prospective stockholders, which is likely to occur as a result
of our management’s plan to offer a controlling interest to a target business in
order to achieve a tax-free reorganization. This lack of diversification should
be considered a substantial risk in investing in us, because it will not permit
us to offset potential losses from one venture against gains from
another.


10


We
anticipate that the selection of a business combination will be complex and
extremely risky. Because of general economic conditions, rapid technological
advances being made in some industries and shortages of available capital, our
management believes that there are numerous firms seeking even the limited
additional capital which we will have and/or the perceived benefits of becoming
a publicly traded corporation. Such perceived benefits of becoming a publicly
traded corporation include, among other things, facilitating or improving the
terms on which additional equity financing may be obtained, providing liquidity
for the principals of and investors in a business, creating a means for
providing incentive stock options or similar benefits to key employees, and
offering greater flexibility in structuring acquisitions, joint ventures and the
like through the issuance of stock. Potentially available business combinations
may occur in many different industries and at various stages of development, all
of which will make the task of comparative investigation and analysis of such
business opportunities extremely difficult and complex.




RESULTS
OF OPERATIONS




As
reflected in the accompanying financial statements, we had less than $300 in
working capital at September 30, 2010, a deficit accumulated during the
development stage of $11,704 at September 30, 2010, and a net loss from
operations of $1,187 for the three months ended September 30, 2010.




LIQUIDITY
AND CAPITAL RESOURCES




For the
three month ended September 30, 2010, we had no capital resources and will rely
upon the issuance of common stock and additional capital contributions from
shareholders to fund administrative expenses pending acquisition of an operating
company.  However, our shareholders are under no obligation to provide
such funding.




Management
anticipates seeking out a target company through solicitation. Such solicitation
may include newspaper or magazine advertisements, mailings and other
distributions to law firms, accounting firms, investment bankers, financial
advisors and similar persons, the use of one or more World Wide Web sites and
similar methods. No estimate can be made as to the number of persons who will be
contacted or solicited. Management may engage in such solicitation directly or
may employ one or more other entities to conduct or assist in such solicitation.
Management and its affiliates will pay referral fees to consultants and others
who refer target businesses for mergers into public companies in which
management and its affiliates have an interest. Payments are made if a business
combination occurs, and may consist of cash or a portion of the stock in
the Company retained by management and its affiliates, or both.




As
reflected in the accompanying financial statements, the Company is in the
development stage with no operations have a net loss of $11,704 from inception,
and used no cash in operations for the period from April 28, 2010 (inception) to
September 30, 2010. This raises substantial doubt about its ability to continue
as a going concern. The ability of the Company to continue as a going concern is
dependent on the Company's ability to raise additional capital and implement its
business plan. The financial statements do not include any adjustments that
might be necessary if the Company is unable to continue as a going
concern.




Management
believes that actions presently being taken to obtain additional funding and
implement its strategic plans provide the opportunity for the Company to
continue as a going concern




Item
3. Quantitative and Qualitative Disclosures About Market Risk




Not
required




Item
4. Controls and Procedures




Evaluation
of Disclosure Controls and Procedures.




Under the
supervision and with the participation of our management, including our Chief
Executive Officer and Chief Financial Officer, we conducted an evaluation of the
effectiveness of the design and operation of our disclosure controls and
procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities
Exchange Act of 1934, as amended, as of the end of the period covered by this
Report on Form 10-Q (the “Evaluation Date”). The purpose of this evaluation is
to determine if, as of the Evaluation Date, our disclosure controls and
procedures were operating effectively such that the information, required to be
disclosed in our Securities and Exchange Commission (“SEC”) reports (i) was
recorded, processed, summarized and reported within the time periods specified
in SEC rules and forms, and (ii) was accumulated and communicated to our
management, including our Chief Executive Officer and Chief Financial Officer,
as appropriate to allow timely decisions regarding required
disclosure.


11




Based on
this evaluation, our Chief Executive Officer and Chief Financial Officer
concluded that, as of the Evaluation Date, our disclosure controls and
procedures were operating effectively.




Changes
in Internal Control over Financial Reporting.




There
have been no significant changes in our internal controls over financial
reporting that occurred during the nine months ended September 30, 2010 that
have materially affected, or are reasonably likely to materially affect our
internal controls over financial reporting.




Limitations
on the Effectiveness of Disclosure Controls and Procedures.




Disclosure
controls and procedures and other procedures that are designed to ensure that
information required to be disclosed in our reports filed or submitted under the
Exchange Act are recorded, processed, summarized and reported, within the time
period specified in the Securities and Exchange Commission's rules and forms.
Disclosure controls and procedures include, without limitation, controls and
procedures designed to ensure that information required to be disclosed in our
reports filed under the Exchange Act is accumulated and communicated to
management, including our Chief Executive Officer and Chief Financial Officer as
appropriate, to allow timely decisions regarding required
disclosure.




PART
II. OTHER INFORMATION




Item
1. Legal Proceedings




Presently,
we are not a party and none of our property is subject to any pending legal
proceedings, and we know of no proceedings that are threatened or contemplated
against us.




Item
1 A. Risk Factors




Not
required.




Item
2. Unregistered Sales of Equity Securities and Use of Proceeds




None




Item
3. Defaults on Senior Securities




None.




Item
4. (Removed and Reserved)




Item
5. Other Information




None




Item
6. Exhibits




(a)
            Exhibits




31.1
            
            Certification
      pursuant to Section 302 of Sarbanes Oxley Act of 2002.31.2
            
            Certification
      pursuant to Section 302 of Sarbanes Oxley Act of
  2002.


12





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, there unto duly
authorized.





MATTER
      OF TIME I CO.Dated:
      November 10, 2010
                By:
                /s/
      Mark E. CroneMark
      E. Crone
                  Chief
      Executive Officer (Principal Executive Officer and
                  Principal
      Financial Officer)


13