FORM 10-K(SB)

                  SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 20549

             Annual Report Pursuant to Section 13 or 15(d)
                of the Securities Exchange Act of 1934
(Mark One)
[ x ]     ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
     OF THE SECURITIES EXCHANGE ACT OF 1934 (Fee Required)

     For the fiscal year ended June 30, 2001

[   ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
     OF THE SECURITIES EXCHANGE ACT OF 1934 (No Fee Required)

     For the transition period from ____________ to _____________

                          Commission File No.
                                0-18113

                   TENET INFORMATION SERVICES, INC.
        (Exact name of registrant as specified in its charter)

     UTAH                                     87-0405405
(State or other jurisdiction              (I.R.S. Employer
of incorporation or organization)        Identification No.)

     53 West 9000 South
     Sandy, Utah                                 84070
(Address of principal executive office)        (Zip Code)

     Registrant's telephone number, including area code
                          (801) 568-0899


     Securities Registered Pursuant to Section 12 (g) of the Act:

                             Common Stock
                           (Title of Class)

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
and Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90
days.  (1)  Yes_ __  No___X_   (2)  Yes  X  No___

Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be
contained, to the best of Registrant's knowledge, in definitive proxy
or information statements incorporated by reference in Part III of
this Form 10-K, or any amendment to this Form 10-K [   ].

The number of shares outstanding of the Registrant's Common Stock as
of October 15, 2001 was 19,065,892.


                           TABLE OF CONTENTS
                                                        Page #

PART I

     Item 1         Business                                1

     Item 2         Properties                              9

     Item 3         Legal Proceedings                       9

     Item 4         Submission of Matters to a Vote
                    of Security Holders                     9


PART II

     Item 5         Market for the Registrant's Common
                    Equity and Related Stockholder Matters  9

     Item 6         Selected Financial Data                 10

     Item 7         Management's Discussion and Analysis of
                    Financial                               11
                    Condition and Results of Operation

     Item 8         Financial Statements                    16

     Item 9         Changes In and Disagreements with
                    Accountants on Accounting and Financial
                    Disclosure                              17


PART III

     Item 10   Directors, Executive Officers, Promoters
               and Control Persons of the Registrant:
               Compliance with Section 16)a)of the Exchange
               Act                                          17

     Item 11   Executive Compensation                       19

     Item 12   Security Ownership of Certain Beneficial
               Owners and Management                        21

     Item 13   Certain Relationships and Related
               Transactions                                 22


PART IV

     Item 14   Exhibits and Reports on Form 8-K             23


SIGNATURES


EXHIBITS                                          Attached

ITEM 1:   BUSINESS

General

In 1978, Telemed Cardio Pulmonary Systems ("Telemed") purchased a
pulmonary testing business based in Salt Lake City, Utah.  Telemed
later became a division of Becton Dickinson & Co.  ("Becton"), a
conglomerate of companies dealing primarily in disposable medical
supplies.

In 1983, Becton's management decided to sell the high technology
pulmonary and respiratory care business.  The Company was organized on
February 24, 1984 by employees of Telemed to purchase Telemed's
pulmonary and respiratory care information services business.  In
March 1984, the Company purchased that business for cash and a
promissory note payable to Becton.

By 1988, annual revenue had grown to $2.4 million and the Company
completed an initial public offering of its common stock through
Schneider Securities in 1989.  By September 15, 1989, 23 hospitals
were using the Company's respiratory care management systems (then
referred to as "RCMS") and the Company employed 23 full and part-time
employees.

Over time, with improvements in computer hardware and performance, the
mini-computer based product became dated.  With the entrance of two
P.C. based competitors, the market shifted away from the Company's
Respiratory product.  The last RCMS sale was made in January 1991.
The Company launched a technical development effort to create a new
generation of products and meet the competitive challenge.  New
technology required new programmers, and in 1994 a new senior
management team was put in place.

A newly developed system, designated as the RCMS/X, was designed to
use off-the-shelf P.C. hardware, commercially available software such
as a UNIX operating system and the ORACLE relational data base.  The
system's open architecture allowed it to share information easily with
other computers and networks.  In 1993, the first two Beta sites were
installed and the system was thoroughly tested.  In the spring of
1995, after more than three years of development and testing, a
production system RCMS/X, including handhelds and hospital interfaces
was installed.  There have not been any further installations of the
RCMS/X since 1995, when the Company decided to focus its development
efforts on its new Emergency Department Management System.



Acquisitions:

International Healthcare Consulting Group Acquisition

                              1

Effective September 5, 1995, the Company acquired certain assets of
The International HealthCare Consulting Group ("HCG").  The assets
acquired included certain accounts receivable, equipment, software
products and other intangible assets.  In exchange for the assets
acquired, the Company agreed to issue 50,000 shares of its common
stock and assume $30,000 of debt.

HCG provides healthcare institutions, mainly hospitals, with
professional high-quality, cost effective, consulting services, which
produce a more efficient, lower cost care delivery model while
maintaining the highest quality of care standards.  Consulting
services are provided in the following areas:

*    Nurse Staffing and Patient Classification
*    Cost Benefit Analysis for Computerized Patient Records (CPR)
*    Productivity
*    Cost Accounting
*    Operations Assessment
*    Modeling and Simulation


National Microcomputer Corporation Merger

On September 29, 1995, the Company and National MicroComputer
Corporation ("NMC") approved the terms of an Agreement and Plan of
Reorganization (the "Agreement") pursuant to which NMC was merged with
and into Tenet Merger Subsidiary, Inc., a wholly owned subsidiary of
the Company incorporated for the purpose of effecting the merger.  NMC
developed and marketed an integrated information management/patient
tracking system (EDNet) designed specifically for use in emergency
departments.

Emergency Department Network System

Dr. Richard Gwinn, MD, an emergency medicine professional, founded NMC
in California in 1979.  NMC originated the concept of a computerized
patient tracking and information management system dedicated to
emergency department operations.  The Emergency Department Network
("EDNet") was first developed in 1989.  Early versions ran on highly
proprietary hardware and software with limited flexibility and
functionality.

In 1991, a decision was reached to completely rewrite and expand the
original EDNet software.  The first installation of EDNet, version 3,
occurred in April 1992.  This version was designed for IBM compatible
PCs and utilized standard operating systems and database software.
With this version the cost of ownership of EDNet was reduced
substantially.

EDNet, is an integrated information management/patient tracking system
designed specifically for use in emergency departments.  It is a
collaborative information management tool used in real time by
clinical and management personnel to collect data and provide
information at the most efficient points in the patient care process.
Demographic information is collected at registration either by way of
an interface from the main hospital information system registration

                              2

function or directly through the EDNet registration process.  Clinical
flow information is generated and recorded through the tracking system
and at the time of discharge through use of custom configured
discharge routines.  Auxiliary data may be added at any time.
Information is stored in linked relational databases, which are
completely open and non-proprietary, accessible both within the system
and through other compatible applications on a shared basis.

EDNet is currently in its fifth release, (EDNet 32) as a Windows
95/98/NT/2000 compliant product.  Recent enhancements include
discharge aftercare instructions database, a user-sortable patient
tracking display and the development of triage assessment protocols,
auto faxing, and auto paging. EDNet 32 for Windows was released in the
spring of 1998.

System Architecture - EDNet32 is written in C++ using the Borland's
C++ Builder design environment.  For smaller installations, the
application utilizes the Borland Database Engine and Paradox 7/8
tables.  This configuration requires a Novell 4.x/5.x server and
Windows 95/98 workstations.  For larger installations, or NT
installations, EDNet32 is configured using Microsoft's ADO components
to attach directly to MS SQL Server 7.0 on an NT server.  Using the
ADO components allows the system to bypass ODBC calls, thus improving
performance.  The system architecture and the use of C++ Builder
design environment allows the application to attach to other
client/server products through native drivers should a client require
a database engine other than MS SQL Server.

Hardware - EDNet32 Version 5.x runs on a standard Novell network (3.11
or better) or Microsoft NT Server with Windows 95 or later
workstations.  The Company recommends a Pentium-based server with at
least 10 GB of disk storage capacity.  The server should be equipped
with mirrored drives for data security and devices for backup and
archive storage.  The server should be supported by an intelligent
uninterruptible power supply (UPS).  The server must be suitable for
use with Novell Network, v.4.1/5.x or NT.  Network hardware should be
certified by Novell/Microsoft.

Individual workstations should be Pentium 300 MHz or better, with at
least 128MB of RAM.   Workstations must fully support SVGA color
graphics.  Stations should have Windows installed.  In addition to the
appropriate number of end-user workstations, Tenet recommends a
dedicated station for remote access communication and a dedicated
station for interfaces from the hospital-wide information system.  A
56K baud modem or Internet communication is required for 24 x 7
support.  PC Anywhere should be installed on the communications
station.

Tracking Functions - The EDNet Patient Tracking module replaces the
grease board, chalk board, magnets and markers with an on-screen
display, continuously updated and distributed throughout the Emergency
Department.

The EDNet Patient Tracking module is the heart of the EDNet System.
EDNet status screens are distributed throughout the emergency
department so up-to-the-second information on every patient is
available at a glance from wherever providers are currently working.

                              3

There is no need to return to a central point to check on the status
of orders, determine which patients have priority, or discover the
types of problems that have just been presented at Triage.  Updates
from Triage, Registration, Order Communications and Discharge are
displayed immediately throughout the emergency department.

EDNet provides color coded status screens for designated emergency
department areas such as Triage, Registration, Treatment1, Treatment2,
Trauma, Pediatrics, Major Medical, Fast Track, Holding, Out in the
Hall, etc.  During system configuration customers determine how to
designate emergency department areas on their EDNet System.

Following installation of EDNet, the department becomes quieter and
less hectic.  Communication among staff is facilitated by convenient
interaction with the EDNet System and vital information is not erased,
but instead, recorded.

Time and Motion - EDNet Tracking Module keeps a time stamp record of
every patient visit.  The system automatically records triage time,
the time a patient is registered, the time when a patient is made
ready to be seen, a patient is seen by a physician, orders are placed,
orders acknowledged, results available, the order is cleared and three
specific events in the discharge process.  Time stamps and all
associated data become available for various analytical studies.  The
goal is an accurate picture of emergency department operations,
greater efficiency, lower waiting times, faster turn around on orders,
and improved patient care.

Triage Function - EDNet provides the ability to create triage
procedures that meet requirements for intake and initial assessment of
ambulatory patients.  This function is separate from but fully
integrated with the Registration Module. Triage may take place either
before or after patient registration, as the patient's medical
condition requires.  Data is merged when both functions have been
completed.  The triage assessment function contributes to the EDNet
database to improve the quality management, research and outcome
tracking.

Order Entry Module - Automating the order process while maintaining a
database offers department managers improved turn around times and may
significantly impact costs.  EDNet Order Entry Module (Optional)
allows users to automate the order requisition process while
simultaneously completing a detailed database entry for all
departmental orders.  Physicians and nurses gain a simple, consistent
means of entering order information and generating a requisition when
appropriate.  Unit clerks and technicians receive consistent print or
screen-based output.

Order status indicators display on the EDNet Tracking Screens and
detailed query capability is always available.  Providers will know
precisely the elapsed time between steps in the order process.  EDNet
Order Entry software records four time stamps in the permanent
database:  Order placed, Order acknowledged, Results available and
Results reviewed.  EDNet Report Writers can be used to examine the
order process in detail to improve turn around times, minimize
unnecessary procedures and generate a wide variety of routine reports
and ad hoc studies.

                              4

The EDNet Order Entry Module can be interfaced with laboratory or
other ancillary departmental systems or with the main hospital
information system (HIS). The Standard Order Status Interface carries
automated status notification flags from HIS order communications
software to the EDNet Tracking Screens.  Additional interface
capability is offered on a custom basis.  All EDNet interfaces are
available in HL-7 format.

Prescription Function - EDNet Prescription Writer generates printed,
signature ready prescriptions at discharge or at any time during or
after the patient visit.  Warnings and instructions relating to
prescribed medication may be automatically incorporated into patient
discharge instructions.

The significance of an integrated prescription writer extends far
beyond the printing of the prescription itself.  As the prescription
information is input, database files are simultaneously completed.
These database files may be used for many important medical and
quality management functions such as follow up of culture results,
utilization summaries, formulary management, and analysis of patterns
of antibiotic sensitivities.

Data tables are established during system configuration.  Typically
menus list physicians, drug category, formulary, quantity, dosage,
frequency and special instructions.  Password security can be applied.
Charges for each medication may be indicated if desired.  Data tables
can be easily updated by emergency department managers, information
services personnel, or by the Tenet support staff, using remote access
capability.

Charge Entry Module - Recording charges at the point of service
reduces lost revenues and produces an accurate record which can be
used to verify payments.

EDNet Charge Entry Module (optional) allows users to enter charges at
any time during the patient visit.  Charges may also be recorded
during the discharge process or in a batch mode after a visit.  EDNet
records charges in a specialized data base table that can be
configured to generate a flexible report of charges for individual
patients, all patients or special subsets of patients.  Reports can
describe specific visits; a daily summary of all visits or various
date and hourly ranges may be selected.  Authorized personnel
configure reports through a selection of menus.  Reports may be viewed
on the screen, printed or sent to a computer file in HL-7 format for
transmission to the hospital billing function.

Discharge Functions - EDNet aftercare instructions are selected from a
database of more than 1,000 aftercare instructions and are printed
individually for each patient.  Instructions are available in both
English and Spanish.  English instructions may be selected for either
a fifth grade reading level or a ninth grade reading level.

EDNet Discharge Module is extremely flexible.  During configuration,
various discharge procedures are created to handle standard discharge,
hospital admission, transfer, workers compensation cases, trauma
registry and other situations.  A comprehensive ICD-9 code database is
available.  Various database menus may be included to record
additional details of a patient visit.


                              5

Hospitals may wish to accompany the discharge instructions with
pertinent information about the facility.  Individual instructions are
stored in an extensive database, and are chosen from a menu where they
can be catalogued by a physician, and related to ICD-9 codes.  Free-
form instructions are fully supported and multiple instructions may be
selected.  Instruction sets may be imported from other discharge
instruction generating systems.

Multiple languages are supported by the system.  Any set of discharge
instructions kept in the database, in up to 26 languages and
variations, may be selected upon discharge.  The discharging personnel
need not be familiar with that language.

Management Report Writer - The EDNet system can be configured to
exceed all applicable JCAHO requirements.  Data is collected
consistently, for all patients, all the time, without the need for
redundant entry or additional staff.

EDNet contains an open, relational database configured to create a
variety of standard and recurring reports and available for ad hoc
inquiries as well.  EDNet will generate and recall logs, routinely run
statistical and comparative analyses and with the recently added
Crystal Reports feature, display graphical reports to answer
management questions without paging through charts and medical
records.  Virtually any type of report desired can be constructed from
the standard report writing menus or by using the ad hoc report
writing capability of the databases.

Other Features of the latest version, EDNet32 include auto faxing,
auto paging, industrial medicine components, forms management and the
like.


Marketing

The Company's marketing efforts are directed at broadening the market
for its products by increasing awareness among directors of emergency
departments and chief information officers.  In support of its sales
efforts, the Company conducts programs that include advertising,
direct mail, trade shows and ongoing customer communications programs.
The Company also keeps its customers informed of advances in the field
through e-mail and other mailings.  The Company maintains a Web site
on the Internet that provides Company and product information for its
products.  (www.Tenetinfo.com).

The position of Vice President of Sales is vacant and is currently
being filled by the President of the company.

As of June 30, 2001, the Company had sold its EDNet product to 24
emergency department and urgent care sites.  All sites have annual
maintenance contracts for continued support and updates.  As of June
30, 2001 the Company was in the process of installing EDNet32 upgrades
at 6 DOS clients.  Two current clients are also adding additional site
licenses at satellite facilities.  Based on a request from another
current client, a new product, named ARCNet, has been developed for
use in same day surgery and ambulatory care departments.  ARCNet was
installed at that client site and the product has received significant
interest from other clients.

                              6


The Consulting division provides consulting support to major hospitals
throughout the country.  These services consist primarily of cost
benefit evaluations, patient classification for nursing, and
productivity management for all other departments.  Consulting
services are charged on a negotiated fee basis.  As of June 30, 2001
the Company was providing consulting services to three hospitals, two
of which are industry "Top 100" Hospitals.  One of the "Top 100"
Hospitals has received "magnet" designation, which only 13 hospitals
in the country have received.

The Company believes that high-quality customer service and technical
support are essential competitive factors in its marketplace. Through
its training, consulting, maintenance, and support services, Tenet is
aware of customers' needs and strives to provide services that will
maximize the results achieved by customers using Tenet's products.
Maintenance, support, and training also provide valuable feedback that
is used to refine, enhance, and develop Tenet's products.  Customers
receive maintenance support from a staff of experienced customer
specialists via a telephone "hot line".  Annual maintenance contracts
are required at each site and are provided for a fixed price.
Included in the annual maintenance contracts are periodic product
upgrades and feature/function enhancements.  New modules are furnished
at an additional cost.

EDNet 32 Product Development

Development efforts are focused on the enhancement of the EDNet 32
product.  Research is being conducted on the integration of nursing
and physician documentation.  Voice recognition and radio frequency
are being investigated as possible product enhancements.  An inpatient
nursing application, (IntelliChart), building upon existing EDNet 32
software, is being beta-tested at a major consulting client site.
IntelliChart utilizes the main library set of EDNet32 to provide
inpatient-nursing units with a real time patient tracking system.  The
primary focus of IntelliChart is to provide the nursing staff an
automated methodology to determine patient dependency.  Patient
dependency is determined based upon the patient's care needs and is
translated into staffing requirements on shift and staff skill level
basis.

EDNet 32 is also migrating to a true client server based version,
which will greatly enhance the durability of the product.  A majority
of the development effort has been expended on this enhancement.

The Company's future success will depend on its ability to continue to
enhance its current product line and to continue to develop and
introduce new products that keep pace with competitive product
introductions and technological developments, satisfy diverse and
evolving customer requirements and otherwise achieve market
acceptance.

                              7

Protection of Proprietary Rights

The Company holds a registered trademark on the name "IntelliChart".
In addition, the Company expects to seek certain patent, trademark
and/or copyright protection in the further development of its new
products, if appropriate.  The Company has entered into non-disclosure
agreements with employees, consultants and customers to protect its
proprietary technology.

Capital Stock

The Company's Articles of Incorporation authorize the board of
directors, without shareholder approval, to issue up to 1,000,000
shares of preferred stock with such rights and preferences as the
board of directors may determine in its discretion.  The board of
directors has the authority to issue shares of preferred stock having
rights prior to the common stock with respect to dividends, voting and
liquidation.

The current authorized common stock of the Company is 100,000,000
shares.

Employees

At June 30, 2001, the Company employed six full-time employees, one
part-time employee and several independent service contractors.  The
number of employees and their responsibilities are as follows:  two
professional, three technical, and two administrative.

Competition

The health care information systems industry is highly competitive.
There are many companies of considerable size and expertise that could
enter the Company's market for emergency management systems.  The
Company is aware of competing emergency department information
systems.

The Company's products target the emerging market for computerized
patient and data management products in hospital and urgent care
settings.

The Company faces direct competition in the emergency department
market from several other firms.  Many of these competitors have
significantly greater resources, name recognition and larger installed
bases of customers than the Company.

As a result, these potential competitors may be able to devote greater
resources to the development, promotion and sale of their products
than the Company.

The Company believes that it is imperative that it be competitive in
service and product performance.  The Company stresses customer
service wherever the product is placed.

With the enhancements to the capabilities of networks, the Company has
determined it must adopt new technology in order to continue to
compete effectively in the large hospital marketplace.  As discussed
in Product Development, the Company is further developing and
converting its products.  This effort is expected to enable the
Company to compete in this marketplace.

                              8


ITEM 2:   PROPERTIES

The Company's headquarters were relocated to Sandy, Utah in March
2001.  The Company leases approximately 1,920 square feet of office
space at a total cost of approximately $2,350 per month.  This is
pursuant to a lease that expires on November 9, 2004.


ITEM 3:   LEGAL PROCEEDINGS

The Company is not a party to any material pending legal proceedings,
nor to the knowledge of management, is any litigation threatened
against the Company.


ITEM 4:   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     None

PART II

ITEM 5:   MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED
          STOCKHOLDER MATTERS

The Company's Common Stock began trading in the over-the-counter
market in May 1989.  Prices were quoted on the National Association of
Security Dealers Automated Quotation System ("NASDAQ") under the
symbol "TISI" until November 1, 1991 at which time the Company was
suspended from NASDAQ for untimely filings and inadequate financial
resources.  On September 3, 1996, the symbol was changed to "TISV."

Just prior to its suspension from NASDAQ on November 1, 1991, the
reported closing bid and asked prices of the Company's Common Stock
were $.03125 and $.0625, respectively.  In 1996 limited public trading
of the Company's Common Stock resumed with price quotations available
on the over the counter "bulletin board".  During fiscal year ended
June 30, 2001 a limited number of shares traded on the bulletin board
market at a price range of $0.05 to $0.15.

In March, the Company was advised that the bulletin board listing had
been suspended pending completion of the appropriate filings.

                              9


The number of shareholders of record for the Company's Common Stock as
of June 30, 2001 was 314, which include depositories and
broker/dealers who hold shares of Common Stock in "nominee" or
"street" names.


ITEM 6:   SELECTED FINANCIAL DATA

Financial Data for fiscal years ended June 30, 1997 through 2001 has
been derived from the Company's financial statements which have been
audited by Hansen Barnett & Maxwell, independent public accountants.
The following selected financial data should be read in conjunction
with the financial statements and accompanying notes appearing
elsewhere in this Form 10-KSB.

Statement of Operations Data
                                Year Ended June 30,
                    --------------------------------------------
                    2001      2000      1999      1998      1997
                         In thousands, except per share amounts)

Revenues            $541      $770      $879      $ 676     $ 757
Gain (loss) from
    operations      (76)        15       58         (48)    (431)
Net gain (loss)     (91)         9       69         (41)    (435)
Net gain (loss) per
    common share  (0.00)      0.00      0.00       (.00)    (.03)

Balance Sheet Data
                                   As of June 30,
                    --------------------------------------------
                    2001      2000      1999      1998      1997
                                   (In thousands)
Working capital
 (deficit)          (304)     (179)     (180)     (292)     $(470)
Total assets         165       210       195       101         95
Long-term
obligations           -        39         51        -            -
Stockholders' equity
  (deficit)         (289)     (199)     (208)     (286)      (453)

                              11


ITEM 7:   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
          AND RESULTS OF OPERATIONS

General

The following discussion contains forward-looking statements regarding
the company, its business, prospects and results of operations that
are subject to risks and uncertainties posed by many factors and
events that could cause the company's actual business, prospects and
results of operations to differ materially from those that may be
anticipated by such forward-looking statements.  Factors that might
cause such differences include, but are not limited to, those
discussed herein as well as those discussed under the captions "risk
factors" and "business" as well as those discussed elsewhere in this
prospectus.  Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date of
this report.  The Company undertakes no obligation to revise any
forward-looking statements in order to reflect events or circumstances
that may subsequently arise.  Readers are urged to carefully review
and consider the various disclosures made by the company in this
report and in the company's other reports filed with the securities
and exchange commission that attempt to advise interested parties of
the risks and factors that may affect the company's business.

As of June 30, 2001, the Company had placed its EDNet product into 24
emergency department and urgent care sites.  All sites have annual
maintenance contracts for continued support and updates.  As of June
30, 2001 the Company was in the process of installing EDNet32 upgrade
at 6 DOS sites and 2 installations at an existing clients sister
facilities.

On October 24, 1998 the Company signed a consulting contract with a
client in the Southwest to develop and install IntelliChartr, an
inpatient nursing product.  IntelliChart utilizes the main library set
of EDNet32 to provide inpatient nursing units with a real time patient
tracking system.  The primary focus of IntelliChart is to provide the
nursing staff an automated methodology to determine patient
dependency.  Patient dependency is determined based upon the patient's
care needs and is translated into staffing requirements on shift and
staff skill level basis.


Results of Operations

Fiscal 2001 Compared with Fiscal 2000

During fiscal year 2001, the Company had revenues of $541,097, which
represented a decrease of $229,250 or 30% from revenues of $770,347
for the prior fiscal year.  The following table presents the
components of revenues for fiscal 2001 and 2000.

                              12




                                 ACTUAL
REVENUES           FY 01         FY 00       Decrease    Percent
                                                        Decrease
-------------   ---------     ---------    ----------   --------
EDNet Systems   $419,096      $ 555,352    $(136,256)    (59%)
RCMS Systems    $ -0-         $  27,053    $(  27,053)   (12%)
Consulting      $122,001      $ 187,942    $(  65,941)   (29%)
Total           $541,097      $ 770,347    $(229,240)    (100%)


The following table details cost of revenue by product, comparing the
prior fiscal year as shown on financials.


                              2001          2000      Increase
                          --------       ---------  ----------
EDNet System and          $245,461       $ 236,853  $ 8,608
RCMS & RCMS/X systems        -0-            -0-        -0-
Consulting                $ 98,160       $  96,761  $ 1,399
Total                     $343,621       $ 333,614  $10,007

Cost of revenues increased to $343,621, up 3% for fiscal year 2001
compared with $333,614 for the previous fiscal year.  Costs of
revenues related to the EDNet System for fiscal year 2001 were
$245,461, giving the system revenue products a gross margin of 41%.
This compares to cost of revenues of $236,853 with a gross margin of
57% for the prior twelve-month period.  Overall gross profit for the
fiscal year 2001was 36% compared to 57% for the prior year.  This
decline was due to the termination of the RCMS product line and less
profit from consulting revenue.


Selling, general and administrative expenses decreased by $15,578 or
8%, to $168,542 for fiscal year 2001 compared with $184,120 for the
previous fiscal year.  Software development expenses decreased by
$132,654 or 56%, to $104,796 for fiscal year 2001 from $237,450 for
fiscal 2000.  This decrease reflects the maturity of the windows
product and development is focused on adding new features.

As a result of the above factors, the net loss from operations was
$(75,862) for fiscal year 2001 compared with income of $15,163 for
fiscal year 2000.

Interest expense increased to $15,610 from $6,321 for the prior fiscal
year.

The loss was $(90,515) or ($.00) per share for fiscal year 2001
compared with a net income of $8,963 or $0.00 per share for fiscal
year 2000.

                              13




Liquidity and Capital Resources

The Company's cash position increased from $14,610 to $37,022 during
its fiscal year 2001.  The Company had a working capital deficit of
$304,192 as of June 30, 2001, as compared with a deficit of $179,178
as of June 30, 2000.  Operating activities provided $26,132 for the
fiscal year ended June 30, 2001 as compared to using $10,010 in the
corresponding period of the prior fiscal year.

The Company's investing activities used $3,720 of cash for the
current year compared to using $4,548 in the corresponding period
of the prior fiscal year.

There were no related party advances to the Company during the
current year ended June 30, 2001 but the Company received $8,866
from related parties during the prior fiscal year.  Also two
officers deferred salary of $41,300 during the year.

While a portion of the current liabilities, approximately $200,000, is
owed to present officers and/or directors, there can be no assurances
that these officers/directors will not seek payment in the near term.

Inflation has not had a significant impact on the Company's
operations.

Item 7A:  Market Risk Sensitive Instruments
          N/A

                              14


ITEM 8:   FINANCIAL STATEMENTS

Index to Financial Statements
Report of Independent Public Accountants               F-1


Consolidated Balance Sheets as of June 30, 2001
and 2000                                               F-2

Consolidated Statements of Operations for the Years
Ended June 30, 2001,and 2000                           F-3

Consolidated Statements of Shareholders' Equity for
the Years Ended June 30, 2001, and 2000                F-4

Consolidated Statements of Cash Flows for the Years
Ended June 30, 2001, and 2000                          F-5

Notes to Financial Statements                          F-6


                              15

HANSEN BARNETT & MAXWELL

  A Professional Corporation
 CERTIFIED PUBLIC ACCOUNTANTS

                                                  (801) 532-2200
Member of AICPA Division of Firms               Fax (801) 532-7944
      Member of SECPS                     345 East 300 South, Suite 200
Member of Summit International AssociatesSalt Lake City, Utah 84111-2693



       REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS


To the Board of Directors and the Stockholders
Tenet Information Services, Inc.

We  have audited the accompanying consolidated balance sheet of  Tenet
Information Services, Inc. (a Utah corporation) and subsidiary  as  of
June  30, 2001, and the related consolidated statements of operations,
shareholders' deficit and cash flows for the years ended June 30, 2001
and  2000.  These financial statements are the responsibility  of  the
Company's  management. Our responsibility is to express an opinion  on
these financial statements based on our audits.

We   conducted  our  audits  in  accordance  with  auditing  standards
generally accepted in the United States. Those standards require  that
we  plan  and perform the audits to obtain reasonable assurance  about
whether the financial statements are free of material misstatement. An
audit  includes  examining, on a test basis, evidence  supporting  the
amounts  and  disclosures in the financial statements. An  audit  also
includes  assessing  the accounting principles  used  and  significant
estimates  made  by  management, as well  as  evaluating  the  overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.

In  our  opinion,  the consolidated financial statements  referred  to
above present fairly, in all material respects, the financial position
of  Tenet  Information Services, Inc. and subsidiary as  of  June  30,
2001, and the results of their operations and their cash flows for the
years  ended  June  30,  2001 and 2000 in conformity  with  accounting
principles generally accepted in the United States.

The accompanying financial statements have been prepared assuming that
the  Company will continue as a going concern. As discussed in Note  1
to the financial statements, the Company has experienced a decrease in
operating  revenues,  a  loss  from  operations,  has  an  accumulated
deficit,  has  a working capital deficit and a net capital  deficiency
which raise substantial doubt about its ability to continue as a going
concern. Management's plans regarding those matters are also described
in  Note  1.  The financial statements do not include any  adjustments
that might result from the outcome of this uncertainty.



                                   HANSEN, BARNETT & MAXWELL

Salt Lake City, Utah
October 1, 2001

                              F-1

            TENET INFORMATION SERVICES, INC. AND SUBSIDIARY
                   CONSOLIDATED BALANCE SHEET
                         JUNE 30, 2001
                             ASSETS

Current Assets
   Cash                                                $37,022
   Accounts receivable, net of allowance for
     doubtful accounts of $7,500                        84,633
   Prepaid expenses                                      2,000
   Work performed in excess of billings                 26,450
                                                       --------

       Total Current Assets                            150,105
                                                       -------

Furniture, Fixtures and Equipment                      134,234
   Less: accumulated depreciation                     (123,129)
                                                      --------
                                                        11,105
                                                      --------
Other Assets, Net                                        3,675
                                                      --------
Total Assets                                          $164,885
                                                      ========
             LIABILITIES AND SHAREHOLDERS' DEFICIT

Current Liabilities
   Accounts payable                                    $140,036
   Accrued expenses                                     104,600
   Accrued interest                                       5,287
   Deferred revenue                                     108,598
   Billings in excess of work performed                  25,825
   Notes payable                                         25,000
   Related party debt                                    44,951
                                                       --------
       Total Current Liabilities                        454,297
                                                       --------
Shareholders' Deficit
   Preferred stock, $0.01 par value; 1,000,000
      shares authorized, no shares issued                  -
   Common stock, $0.001 par value; 100,000,000
      shares authorized, 19,065,892 shares issued
      and outstanding                                     19,066
   Additional paid-in capital                          4,851,463
   Accumulated deficit                                (5,159,941)
                                                      ----------
       Total Shareholders' Deficit                      (289,412)
                                                      ----------
Total Liabilities and Shareholders' Deficit           $  164,885
                                                      ==========

   The accompanying notes are an integral part of these consolidated
                         financial statements.
                              F-2

            TENET INFORMATION SERVICES, INC. AND SUBSIDIARY
     CONSOLIDATED STATEMENTS OF OPERATIONS
            FOR THE YEARS ENDED JUNE 30, 2001 AND 2000

                                                          2001     2000
Revenues
  Software license fees and maintenance                 $419,096 $582,405
  Consulting services                                    122,001  187,942
                                                        -------- --------
     Total Revenues                                      541,097  770,347

Cost of Revenues
  Software license fees and maintenance                  245,461  236,853
  Consulting services                                     98,160   96,761
                                                        -------- --------
     Total Cost of Revenues                              343,621  333,614
                                                        -------- --------
Gross Profit                                             197,476  436,733

Operating Expenses
  Selling, general and administrative                    168,542  184,120
  Software development                                   104,796  237,450
                                                        -------- --------

     Total Operating Expenses                            273,338  421,570
                                                        --------  -------
(Loss)/Income From Operations                           (75,862)   15,163

Other Income and (Expense)
  Interest income                                              -      121
  Miscellaneous income                                       957        -
  Interest expense                                      (15,610)   (6,321)
                                                       --------   -------
     Net Other Expense                                  (14,653)   (6,200)

Net (Loss)/Income                                       $(90,515) $ 8,963
                                                        ========  =======


Total Basic (Loss)/Earnings Per Share                   $   (0.00)$  0.00
                                                        ========= =======

Total Diluted (Loss)/Earnings Per Share                 $   (0.00)$  0.00
                                                        ========= =======

   The accompanying notes are an integral part of these consolidated
                         financial statement.

                              F3

          TENET INFORMATION SERVICES, INC. AND SUBSIDIARY
         CONSOLIDATED STATEMENTS OF SHAREHOLDERS' DEFICIT
             FOR THE YEARS ENDED JUNE 30, 2000 AND 2001

<TABLE>
<CAPTION>

                         Common Stock                    Additional
                               Shares                       Paid In        Warrants       Accumulated
                               Issued          Amount       Capital     Outstanding        Deficit        Total
                         -------------     -----------   -----------     ----------     ------------   ------------
<S>                      <C>              <C>           <C>             <C>            <C>            <C>
Balance, June 30, 1999     19,065,892     $    19,066   $ 4,843,476     $    7,987     $ (5,078,389)  $   (207,860)

Net income                         -               -             -               -            8,963          8,963
                         -----------     -----------    ----------      ----------     ------------   ------------

Balance, June 30, 2000    19,065,892          19,066     4,843,476           7,987       (5,069,426)      (198,897)

Expiration of warrants            -                -         7,987          (7,987)               -              -

Net loss                          -                -             -               -          (90,515)       (90,515)
                         ----------      -----------   -----------      ----------     ------------    -----------

Balance, June 30, 2001   19,065,892      $    19,066    $4,851,463      $        -     $  (5,159,941)  $  (289,412)
                         ==========      ============   ==========      ===========    =============
</TABLE>


                              F-4


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

            TENET INFORMATION SERVICES, INC. AND SUBSIDIARY
                 CONSOLIDATED STATEMENTS OF CASH FLOWS
              FOR THE YEARS ENDED JUNE 30, 2001 AND 2000


                                                        2001          2000
Cash Flows From Operating Activities
  Net (loss) / income                                  $(90,515)  $  8,963
  Adjustments to reconcile net income
  (loss) to net cash from operating activities:
     Depreciation                                        10,407      9,164
     Change in assets and liabilities
       Accounts receivable                               65,908    (28,027)
       Deposits                                          (2,250)         -
       Prepaid expenses                                   3,609     (5,609)
       Accounts payable                                   4,458     38,148
       Accrued liabilities                               45,070      2,493
       Deferred revenue                                 (20,352)    25,287
       Work performed in excess of billings              (6,910)    (2,864)
       Billings in excess of work performed              16,707    (57,565)
                                                       --------   --------

     Net Cash Provided By (Used In) Operating
     Activities                                           26,132   (10,010)
                                                       ---------  --------

Cash Flows From Investing Activities
  Acquisition of furniture, fixtures and
  equipment                                              (3,720)    (4,548)
                                                       --------   --------
     Net Cash Used In Investing Activities               (3,720)    (4,548)
                                                       --------   --------
Cash Flows From Financing Activities
  Proceeds from related party debt                            -      8,866
  Principal payments on related party debt                    -    (11,737)
                                                       --------   --------
     Net Cash Used In Financing Activities                    -     (2,871)
                                                       --------   --------
Net Increase (Decrease) In Cash                          22,412    (17,429)

Cash at Beginning of the Year                            14,610     32,039
                                                       --------   --------
Cash at End of the Year                                $ 37,022  $  14,610
                                                       ========  =========
Supplemental Disclosures of Cash
   Flow Information:
  Cash paid for interest                               $  1,396  $   3,108
                                                       ========  =========
Non-Cash Investing and Financing Activities
  Disposal of furniture, fixtures and
   equipment                                           $ 18,623  $       -
                                                       ========  ==========

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

                              F-5

        TENET INFORMATION SERVICES, INC. AND SUBSIDIARY
          NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1--NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     Organization - Tenet Information Services, Inc. ("Tenet"), a Utah
     corporation, designs and markets a computer-based medical and health
     information system related primarily to emergency departments (the "EDNet
     System"). During fiscal 1996, Tenet expanded its operations by merging with
     National Microcomputer Corporation ("NMC") and acquiring certain assets of
     The International Healthcare Consulting Group, Inc. ("HCG"). NMC designed
     and marketed the integrated information management/patient tracking system
     for use in emergency departments of hospitals and urgent care centers (the
     "EDNet System"). HCG has provided healthcare institutions, mainly
     hospitals, with consulting services to assist the institutions in achieving
     a more efficient, lower cost care delivery model while maintaining the
     highest quality of care standards. Tenet has elected to phase out its
     respiratory therapy product line.

     Tenet and its wholly owned subsidiary, NMC, (collectively, "the Company")
     sell and lease computer software license rights to hospitals throughout the
     United States. In addition, the Company sells maintenance contracts for
     these information systems. Substantially all of the Company's revenues are
     generated from hospitals and therefore, the Company's financial performance
     is partially dependent upon the viability of the healthcare economic
     sector.

     The Company is subject to various risks associated with companies in a
     similar stage of operations including dependence on key individuals,
     potential competition from larger and more established companies and the
     need to obtain adequate sources of financing.

     Basis of Presentation - The accompanying financial statements have been
     prepared on a going concern basis, which contemplates the realization of
     assets and the satisfaction of liabilities in the normal course of
     business.  The Company experienced a decrease in operating revenues of
     $229,250 and losses from operations of $90,515 for the year ended June 30,
     2001, resulting in an accumulated deficit at June 30, 2001 of approximately
     $5,159,941. The Company has a positive cash flow from operations of $26,132
     for the year ended June 30, 2001, which resulted from a reduction of
     receivables and an increase in accrued liabilities, offsetting the
     Company's losses.  The Company shows a working capital deficit of
     approximately $304,192 at June 30, 2001.  These factors raise substantial
     doubt about the Company's ability to continue as a going concern for a
     reasonable period of time. The financial statements do not include any
     adjustments relating to the recoverability and classification of recorded
     asset amounts or the amount and classification of liabilities that might be
     necessary should the Company be unable to continue as a going concern. The
     Company's ability to continue as a going  concern is dependent upon its
     ability to generate sufficient cash flow to meet its obligations on a
     timely basis and to obtain additional financing as may be required.

                              F-6


     Management is negotiating various sales agreements and is continuing to
     better manage its cash flow.

     Principles of Consolidation - The accompanying consolidated financial
     statements include the accounts of Tenet and its wholly owned subsidiary,
     NMC. All significant intercompany transactions and account balances have
     been eliminated in consolidation.

     Use of Estimates in the Preparation of Financial Statements - The
     preparation of financial statements in conformity with generally accepted
     accounting principles 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 and the reported amounts of revenues and expenses during the
     reporting period. Actual results could differ from those estimates.

     Revenue Recognition - The Company recognizes revenue in accordance with the
     provisions of Statement of Position No. 91-1 Software Revenue Recognition
     as follows:

     Revenues related to the EDNet System consist of sales of software licenses,
     installation of information systems and related software customization and
     enhancements. In addition, revenues are generated from annual software
     support and maintenance.  Installation revenues are recognized on the
     percentage completion method measured by completion and acceptance of
     contracted milestones. The asset "work performed in excess of billings"
     represent costs incurred and revenues earned in excess of billings on
     uncompleted contracts. The liability "billings in excess of work performed"
     represents billings in excess of costs incurred and revenue recognized.

     Revenues from annual software and maintenance are recognized ratably over
     the term of each contract. Amounts billed in advance of revenue recognition
     for software and maintenance are recorded as deferred revenue.

     Revenues from consulting services are recognized when the services have
     been provided.

     Furniture, Fixtures and Equipment - Furniture, fixtures and equipment are
     stated at cost. Depreciation is computed using the straight-line method
     over the estimated useful lives of the related assets, generally 3 to 10
     years. Depreciation expense was $10,407 and $9,164 for the periods ended
     June 30, 2001 and 2000, respectively. Maintenance and repairs are charged
     to expense as incurred and major improvements or betterments are
     capitalized. Gains or losses on sales or retirements are included in the
     statement of operations in the year of disposition. Furniture, fixtures and
     equipment include $130,515 of computer equipment used in operations and
     $3,719 of furniture, fixtures and other equipment at June 30, 2001.


                              F-7

     Software Development Costs - Costs incurred in creating computer software
     products are charged to operations as software development expense prior to
     the development of a detailed program design or a working model. After the
     detailed program design or working model is established, costs of producing
     product masters are capitalized as software development costs. The Company
     had no capitalized software costs at June 30, 2001.

     Costs of maintenance and customer support are recognized as expense when
     the related revenue is recognized or when those costs are incurred,
     whichever occurs first.

     Impairment - The Company records impairment losses on property and
     equipment when indicators of impairment are present and undiscounted cash
     flows estimated to be generated by those assets are less than the assets'
     carrying amount.  The Company had no impaired assets at June 30, 2001.

     Cash Equivalents and Fair Value of Financial Instruments -Cash Equivalents
     include highly liquid investments with original maturities of three months
     or less readily convertible to known amounts of cash.

     The estimated fair value of financial instruments is not presented because,
     in Management's opinion, there is no material difference between carrying
     amounts and estimated fair values of financial instruments as presented in
     the accompanying balance sheet.

     Income Taxes - The Company recognizes the amount of income taxes payable or
     refundable for the current year and recognizes deferred tax assets and
     liabilities for the future tax consequences attributable to differences
     between the financial statement amounts of certain assets and liabilities
     and their respective tax bases. Deferred tax assets and liabilities are
     measured using enacted tax rates expected to apply to taxable income in the
     years those temporary differences are expected to be recovered or settled.
     Deferred tax assets are reduced by a valuation allowance to the extent that
     uncertainty exists as to whether the deferred tax assets will ultimately be
     realized.

     Stock-Based Compensation - Stock-based compensation to employees is
     measured by the intrinsic value method. This method recognizes compensation
     based on the difference between the fair value of the underlying common
     stock and the exercise price of the stock option on the date granted.
     Compensation relating to options granted to non-employees is measured by
     the fair value of the options, computed by an option-pricing model.

                              F-8


     Warranty Costs - A one-year limited warranty from date of first use is
     provided on sales of software licenses. The terms of the warranty are
     extended to all periods where the System is covered by an applicable
     Support Agreement.  Warranty costs have not been material in any year
     presented; accordingly, these costs are expensed when incurred.

     Basic and Diluted Earnings (Loss) Per Share -Basic earnings (loss) per
     common share is computed by dividing net income (loss) available to common
     stockholders by the weighted-average number of common shares outstanding
     during the period. Diluted earnings per share reflects the potential
     dilution which could occur if all contracts to issue common stock were
     exercised or converted into common stock or resulted in the issuance of
     common stock. Potentially issuable common shares are excluded from the
     calculation of diluted loss per common share because the effects are anti-
     dilutive.

NOTE 2- RELATED PARTY DEBT AND NOTES PAYABLE

Related-party debt consists of the following at June 30, 2001:

  Debt payable to a related party corporation owned
     by an employee of the Company at an  interest rate
     of 8.0%, unsecured, balance is due on demand.     $  4,309

  Note payable to a company associated with a
     shareholder,  at an interest rate of 8% per annum,
     balance is due on demand                             9,893

  Debt payable to officers/shareholders at an interest
    rate of 12%, unsecured, due on demand.                4,313

  Note payable to an officer and shareholder, at an
    interest rate of 8%, balance due by March 31, 2002,
    unsecured.                                           26,436
                                                       --------

       Total related party debt                        $ 44,951
                                                       ========
Notes payable consist of the following at June 30, 2001

  Note payable to Utah Technology Finance
    Corporation at an interest rate of 9.75%, unsecured,
    annual principal payments of $12,500
    due on December 30, 2000 and 2001.
    The Company did not make the December 30,
    2000 payment and is in default on the note.        $ 25,000
                                                       ========

                              F-9


NOTE 3 - INCOME TAXES

     No benefit for income taxes has been recorded during the years ended June
     30, 2001 and 2000.  Certain risks exist with respect to the Company's
     future profitability, and management has concluded that, due to these
     uncertainties, the related net deferred tax asset may not be realized.
     Accordingly, a valuation allowance has been recorded to offset the deferred
     tax asset in its entirety.

     The components of the net deferred tax assets at June 30, 2001 are as
     follows:

       Deferred Tax Assets
          Tax net operating loss carry forward         $1,580,495
          Tax credits carry forward                        73,000
          Reserves and accrued liabilities                  5,700
                                                       ----------

       Total Deferred Tax Assets                        1,659,195
                                                       ----------
       Valuation allowance                             (1,659,195)
                                                      -----------
       Net Deferred Tax Asset                         $       -
                                                      ===========

During the years ended June 30, 2001 and 2000, the valuation allowance increased
          (decreased) by $17,271 and $(39,229), respectively.

     As of June 30, 2001, the Company has net operating loss carryforwards for
     federal income tax reporting purposes of approximately $4,237,937 which
     have begun to expire and will expire through 2021.

     As of June 30, 2001, the Company had research and development tax credits
     and investment tax credit carryforwards of approximately $73,000.  These
     credits will expire through fiscal 2005.

The following is a reconciliation of the income tax at the federal statutory
          rate of 34% with the provision for income taxes for the years ended
          June 30, 2001 and 2000:

                                                         2001       2000
                                                       --------    --------
       Income tax expense (benefit) at
       statutory rate                                  $(30,775)   $   3,047
       Change in deferred tax valuation
       account                                           17,271      (39,229)
       (Non taxable income) /non
       deductible taxes                                  (2,509)       2,753
       Expired operating losses and tax
       credits                                           19,000       33,133
       State taxes, net of federal
       benefit                                           (2,987)         296
                                                       --------    ---------
       Provision for Income Taxes                      $      -    $       -
                                                       ========    =========

                              F-10

NOTE 4-BASIC AND DILUTED EARNINGS PER SHARE

The following data shows the amounts used in computing earnings per share for
          the year ended June 30, 2001 and 2000 and the effect on income and
          weighted average number of shares of dilutive potential common stock:

                                                2001        2000
                                          ----------   ----------
     (Loss) / Income available to common
      shareholders used in basic earnings
      per share                           $  (90,515)  $   8,963
                                          ==========   =========

     (Loss) / Income available to common
      shareholders after assumed
      conversions of dilutive securities  $  (90,515)  $    8,963
                                          ==========   ==========
     Weighted average number of common
     shares used in basic earnings per
     shares.                              19,065,892   19,065,892

     Effect of dilutive securitiesock
       options                                     -      770,260
                                          ----------   ----------
     Weighted average number of common
     shares and dilutive potential common
     shares used in dilutive earnings per
     share                                19,065,892   19,836,152
                                          ==========   ==========

     A total of 605,000 potentially issuable common shares were excluded from
     the calculation of diluted loss per common share at June 30, 2001 because
     the effects would be anti-dilutive.


NOTE 5 - STOCK OPTIONS

     During fiscal year ended June 2001, the Board of Directors did not
     authorize the issuance of any stock options outside of the Incentive Stock
     Option Plan to employees of the Company.  Options for 70,000 shares of
     common stock previously issued were forfeited during the fiscal year ended
     June 30, 2001.

     The Company has adopted an incentive stock option plan and a nonqualified
     stock option plan. Stock options for an aggregate of 600,000 shares of
     common stock may be granted under these plans. Stock options under both
     option plans may be granted at a price per share not less than 100 percent
     of the fair market value of the common stock, as determined at the date of
     grant. Employees vest in the right to exercise their options from
     immediately to the fifth anniversary date following the date of grant. The
     options expire five years from the vesting date. Incentive stock options
     are forfeited unless exercised within zero to three months following
     termination of employment or twelve months if termination is due to death
     or disability.

                              F-11


     A summary of the status of the Company's option plan as of June 30, 2001
     and 2000, and changes during the years then ended is presented below:


                                 For the Year Ended June 30,
                         -----------------------------------------------
                                   2001                        2000
                         -----------------------------    --------------
                                    Weighted
                                    average                     Weighted
                                    Exercise                     average
                           Shares    Price     Shares      Exercise price
                         --------    ------  ----------    --------------
Outstanding at            675,000     0.10      50,000           0.14
beginning of year
Granted                         -        -     830,000           0.10
Forfeited                (70,000)     0.13    (205,000)          0.10
Outstanding at end of     605,000     0.10     675,000           0.10
year

Options exercisable       121,000     0.10      50,000           0.14

Weighted average fair
value of options
granted during the
year                                  n/a                        0.04

     The following table summarizes information about stock options outstanding
     at June 30, 2001:

         Options Outstanding                    Options Exercisable
 -------------------------------------------------------------------
 Range of   Number     Weighted     Weighted        Number  Weighted
 Exercise  Outstan-     Average      Average   Exercisable   Average
    Price  ding at    Remaining     Exercise    at 6/30/00  Exercise
           6/30/01     Contract        Price                   Price
                           Life
--------------------------------------------------------------------
$ 0.10     605,000    3.0 years     $  0.10       121,000   $  0.10

     The Company applies APB Opinion 25, Accounting for Stock Issued to
     Employees, and related interpretations in accounting for its plans.
     Accordingly, no compensation cost has been recognized for its stock option
     plans. Had compensation cost for the Company's stock-based compensation
     plans been determined based on the fair value at the grant dates for awards
     under those plans consistent with the method of FASB Statement 123,
     Accounting for Stock-Based Compensation, the Company's net income and
     income per share would have been increased to the pro forma amounts
     indicated below:

                                            2001          2000
       Net income (loss)
          As reported                      $(90,515)     $  8,963
          Pro forma                         (93,514)       (5,750)
       Basic earnings (loss) per share
          As reported                         (0.00)         0.00
          Pro forma                           (0.00)        (0.00)
       Diluted earnings (loss) per share
          As reported                         (0.00)         0.00
          Pro forma                           (0.00)        (0.00)

                              F-12

The fair value of each option granted was estimated on the date of grant using
          the Black-Scholes option-pricing model with the following weighted-
          average assumptions used for grants during the year ended June 30,
          2000: expected volatility of 137.77 %, risk-free interest rate of 5.8%
          and expected lives of 5 years. There were no issuances of options
          during the year ended June 30, 2001.

     Option pricing models require the input of highly subjective assumptions
     including the expected stock price volatility. Also, the Company's employee
     stock options have characteristics significantly different from those of
     traded options, and changes in the subjective input assumptions can
     materially affect the fair value estimate. Management believes the best
     input assumptions available were used to value the options and the
     resulting values are reasonable.

NOTE 6-OPERATING LEASE

The Company occupies its facilities under a non-cancelable operating lease that
          expires in October 2005. Lease expense for fiscal 2001 and 2000 was
          $31,745 and $52,973, respectively. In April 2001, the Company moved to
          a new location and terminated its prior lease.

     Minimum future lease payments under non-cancelable operating leases as of
     June 30, 2001 are as follows:

          Year Ended June 30,
                2002                                   $ 22,380
                2003                                     24,480
                2004                                     25,214
                2005                                      8,487


                              F-13


ITEM 9:   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
          FINANCIAL DISCLOSURE

On July 30, 1997 the Registrant engaged Hansen, Barnett & Maxwell ("Hansen") to
perform its audits and provide various accounting services thereafter.  The
Registrant did not consult with Hansen prior to such date regarding any
reportable matter.

PART III

ITEM 10:  Directors, Executive Officers, Promoters, and Control Persons of the
          Registrant;

           Compliance with Section 16(a) of the Exchange Act

The names of the executive officers and directors of the Company, their
respective ages and positions with the Company, and the dates of their elections
to the Board of Directors or as officers are as follows:

<TABLE>
<CAPTION>

    Name                     Age      Position with The Company   Date of Election
    <S>                      <C>      <C>                         <C>

Jerald L. Nelson              58        President (resigned)     December 1, 1993
                                                                 July 10, 1996)
                                        Chairman of the Board    July 10, 1996
                                        Director                 January 24,1994
                                        Corporate Treasurer      June 5, 2001

Frank Overfelt                58        Director                 September 29, 1995
                                        Chief Operations Officer
                                        (acting)                 July 10, 1996
                                        President & Chief
                                        Operating Officer        August 31, 1998
                                       (Resigned as COO)         (June 5, 2001)

Donald W. Ballash             43        Chief Operations
                                        Officer                  June 5, 2001
                                        Corporate Secretary      June 5, 2001

Eric J. Nickerson             48        Director                 June 29, 1990

</TABLE>



All directors hold office until the next annual meeting of shareholders of the
Company or until their successors have been elected and qualified.  The number
of authorized directors may be varied by the Board of Directors, but may not be
less than three.  Executive officers serve at the discretion of the Board of
Directors.  The directors are entitled to certain limitations on their
liabilities as directors of the Company as permitted under Utah law and as
included in the Company's Articles of Incorporation.

The Company's stock option plans permit the administration of the plans through
a Stock Option Plan Committee, composed of at least three members of the Board
of Directors.  No such committee has been appointed, and no other committees of
the Board of Directors have been formed.

                              F-16

On July 10, 1996 Jerald L. Nelson resigned as President and Chief Operating
Officer and was elected Chairman of the Board of Directors.  Frank C. Overfelt
was also appointed Chief Operating Officer on an interim basis.  At a board of
directors meeting held on August 31, 1998 Frank Overfelt was elected to the
position of President and Chief Operating Officer.

On June 5, 2001 a board of directors meeting was held.  Mr. Overfelt resigned
his title of Chief Operating Officer while retaining his position as President.
The board elected Donald Ballash to the positions of Corporate Secretary and
Chief Operating Officer.  The board further elected Jerald Nelson to the
position of Corporate Treasurer.

Business Biographies

     Jerald L. Nelson.  Jerald L. Nelson has served as a director,
president and chief operating officer of the Company since December 1993.
Effective July 10, 1996 Dr. Nelson was appointed Chairman of the Board of
Directors, and relinquished his position as President and Chief Operating
Officer.  On June 5, 2001 the board elected Dr. Nelson to the position of
Corporate Secretary.  Dr. Nelson received his Ph.D. in Economics from North
Carolina State University in 1974.  From 1974 to 1984, Mr. Nelson worked or
consulted with several Fortune 500 firms, including US Industries,
TransWorld Airlines, GTE, Xerox, Pitney Bowes and General Foods.  From 1984
until December 1993, Mr. Nelson worked with various businesses as an
investment banker and business advisor.  He has also consulted with or
served on the Board of Directors of numerous Utah firms including Arrow
Dynamics, Beacon Financial, Interwest Home Medical, Gentner Communications
and One-2-One Communications, where he also served as chairman and chief
executive officer.

     Frank C. Overfelt  Frank Overfelt was elected to the Board on
September 29, 1995.  At the current time, Mr. Overfelt holds the position
of President.  Mr. Overfelt has been the managing partner the International
HealthCare Consulting Group, Inc. since its inception in 1986.  He is a
recognized authority in workload measurement systems for health care
institutions.  Prior to founding the consulting company Mr. Overfelt was a
senior manager in the Healthcare Cost Accounting and Productivity Practice
of Peat Martwick.  He holds an MBA from the University of Utah.  His total
healthcare experience is 23 years.

     Eric J. Nickerson.  Eric J. Nickerson has served as a director since
June of 1990.  Mr. Nickerson was a member of the faculty of the United
States Military Academy at West Point, New York from 1989 to 1993.  In June
1993, Mr. Nickerson retired as a United States Air Force officer.
Currently, Mr. Nickerson is a private investor and directs personal
accounts and two investing partnerships:  "Third Century II" and "Z Fund."

     Donald W. Ballash.  Mr. Ballash holds the positions of Corporate Secretary
and Chief Operating Officer, Vice-President of Product Development and
Consulting and has over 19 years of experience in the health care field.  He has
specialized in management engineering at two large multi-hospital systems;
Intermountain Health Care and Kaiser Permanente.  Most recently he was a partner
in the International HealthCare Consulting Group.  He holds a B.S. Degree from
BYU.


                              F-17

ITEM 11:  EXECUTIVE COMPENSATION

The following table sets forth all cash compensation for services rendered in
all capacities to the Company during the fiscal years ended June 30, 2001, 2000,
and 1999 paid to (i) the Company's president and each executive officer whose
cash compensation exceeded $100,000, and (ii) all executive officers of the
Company as a group.  No executive officers salary exceeded $100,000 for the
fiscal year.
<TABLE>
<CAPTION>
                         Annual Compensation           Long-Term Compensation
              ---------------------------------------------------------------------
                                      Awards                          Payouts
                                    -----------------------------------------------
Name                                                             Secrutities          All Other
and                                 Other Annual    Restricted   Underlying  LTIP     Compen-
Principal                           Compensation      Stock      Options/    Payouts    sation
Postion       Year$   Salary$ Bonus$     $            Awards      SARs(#)      $          $
----------------------------------------------------------------------------------------------
<S>           <C>     <C>     <C>      <C>          <C>          <C>         <C>       <C>
Frank C.
Overfelt       1999   76,828    -0-     -0-              -0-        -0-            -0-   -0-
President      2000   76,360    -0-     -0-              -0-        -0-            -0-   3,600
               2001   57,270    -0-     -0-              -0-        -0-            -0-   5,325


Jerald L.
Nelson         1999      -0-     -0-       -0-           -0-        -0-       -0-      -0-
Chairman of
the Board      2000      -0-     -0-       600           -0-        -0-       -0-      -0-
Corporate
Treasurer      2001      -0-     -0-      -0-            -0-        -0-       -0-      -0-

Donald W.
Ballash        2001    61,500    -0-      -0-            -0-       -0-        -0-     250

Chief Operating Officer
Corporate Secretary

All Executive Officers

(1 person)     1999    76,828       -0-   -0-     -0-       -0-         -0-       -0-
(1 person)     2000    76,360       -0-   -0-     -0-       -0-         -0-    3,600
(3 persons)    2001   118,750       -0-   -0-     -0-       -0-         -0-    5,325

</TABLE>

The Company also may pay discretionary cash bonuses to management and employees
based on meritorious performance.


Stock Option Plans

On October 15, 1984, the Company adopted an Incentive Stock Option Plan (the
"ISO Plan"), pursuant to which only "incentive stock options"  ("ISO's"), as
defined in the Internal Revenue Code (the "Code"), may be granted.  On the same
date, the Company adopted a Nonqualified Stock Option Plan ("NQSO Plan"),
pursuant to which only "nonqualified stock options" ("NQSOs"), as defined in the
Code, may be granted.  Stock options for an aggregate of 600,000 shares of
common stock may be granted under both Plans.  ISOs may be granted under the ISO
Plan to employees owning less that 10% of the Company's voting stock (as defined
by Sections 422A and 425 of the Code).  NQSOs may be granted under the NQSO Plan
to employees who are ineligible to receive options under the ISO Plan.

                              F-18


Stock options may be granted under the Plans at a price per share not less than
100% of the "fair market value" (as defined by the Plans) of the common stock on
the date of grant.

The Plans limit grants of stock options to any one employee to 60,000 shares of
stock per plan year, with an aggregate option price ceiling of $100,000 under
the ISO Plan in any year.  Each stock option, unless sooner terminated, expires
five years from the "date of effectiveness", which is three years from the date
of grant.

ISOs are exercisable until three months following termination of employment
(twelve months if termination is due to death or disability).  Termination of
employment for any reason does not affect the exercisability of NQSOs,
regardless of whether the option's effective date has been reached.  Under both
Plans, options are exercisable during an optionee's lifetime only by such
optionee and are transferable only upon death by the laws of decent or
distribution.

The Board of Directors has the right to modify or amend the Plans at any time,
provided, however, that, unless ratified by the Company's shareholders, no
amendment will be effective which (i) changes the number of shares which may be
issued under the Plans, (ii) changes the option price, other than the manner of
determining the fair market value of the shares, (iii) changes the periods
during which options may be granted or exercised, (iv) changes the provisions
relating to the determination of employees to whom options may be granted and
the number of shares to be covered by such options, or (v) changes the
provisions relating to adjustments to be made upon changes in capitalization.
Shareholder action is also required to terminate the Plans.

As of August 1, 1999 the company had granted 830,000 options to key employees
exercisable at the rate of $.10 per share.  205,000 of these options were
forfeited during the fiscal year end at June 30, 2000 and an additional 70,000
were forfeited during the year ended June 30, 2001. Only 605,000 remained
outstanding as of October 1, 2001.  These options were issued outside of the
Incentive Stock Option Plan and authorized by the Board of Directors.


                              F-19

ITEM 12:  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
          AND MANAGEMENT

The following table sets forth the holdings of common stock as of October 1,
2001  (i) by each person who held of record, or was known by the Company to own
beneficially, more than five percent of the outstanding common stock of the
Company, (ii) by each Director, and (iii) by all Directors and officers as a
group.  Unless otherwise indicated, all shares are owned directly.  The
percentage calculations for any individual stockholder assume that all
outstanding options and warrants held by that stockholder have been exercised in
full and that no other stockholder has exercised any outstanding options or
warrants.

Name and Address of Beneficial Owner as of October 1, 2001

                    Common (1)               Percent of Shares Outstanding

Michael R. Carlston 2    4,673,977                     23.70%
Dennis C. Peterson 3     4,220,442                     21.40%
Mark Oldroyd 4           3,975,559                     20.16%
Scott Staker 5           3,975,559                     20.16%
T-Acquisition 6          3,775,559                     19.14%
Eric J. Nickerson 7      2,602,044                     13.19%
Third Century II 7       2,602,044                     13.19%
Jerald L. Nelson 12      1,272,013                       6.45%
Donald W. Ballash 11     1,226,429                       6.22%
Robert Smith 8           1,166,246                       5.91%
Richard Gwinn 9          1,004,920                       5.10%
Frank Overfelt 10          385,511                       1.95%

All Officers and
   Directors             5,485,997                     23.58%

1.  Based on 19,065,900 common shares outstanding and options to acquire 655,000
shares of Common Stock at $0.10 -$0.14 per share.
2.  The shares indicated include:  (i) 1,734,731 shares of Common Stock
beneficially owned by Mr. Carlston (including shares owned by his wife and held
in trust for the benefit of his children); (ii) 3,775,559 shares of Common Stock
held by T-Acquisition. Mr. Carlson's address is 855 Harwood Dr., Murray, UT
84107
3.  Includes 444,883 shares of Common Stock beneficially owned by Mr. Peterson,
and 3,775,559 shares of Common Stock  held by T Acquisition L.L.C. Mr.
Peterson's address is 2508 W. Bueno Vista Dr., W. Jordan, UT 84088
4.  Includes 200,000 shares of Common Stock beneficially held by Mr. Oldroyd,
including shares held in trust for the Violet Johnson Brown Family Trust.  Also
includes 3,775,559 shares of Common Stock held by T-Acquisition. Mr. Oldroyd
address is 55 North 800 West, Provo, UT 84601
5.  Includes 200,000 shares of Common Stock held by Mr. Staker and also includes
3,775,559 shares of Common Stock  held by T-Acquisition. Mr. Stakers address is
880 North 98 West #9, Provo, UT 84604
6.  A Utah Limited Liability company of which Michael R. Carlston owns or
controls 56.7%, Mark Oldroyd owns or controls 32.1%, Dennis C. Peterson owns or
controls 6.4% and Scott Staker  owns or controls 4.8%.  The shares indicated
consist of 3,775,559 shares of Common Stock   The address of T-Acquisition is
855 Harwood Dr., Murray, UT 84107.
7.  Includes 2,602,044 shares of Common Stock  held by Third Century Fund II.
Mr. Nickerson is Senior Partner of Third Century Fund II. Mr. Nickerson is also
a director of the Company.  Mr. Nickerson and Third Century Fund II's address is
1711 Chateau CT., Fallston, MD 21047
8.  Includes 1,166,240 shares of Common Stock held by Dr. Smith .  Dr. Smiths
address is 2291 Greer Rd., Palo Alto CA 94303
9.  Includes 1,004,920 shares of Common Stock held by Dr. Gwinn.  Dr. Gwinns
address is 304 W. Thorn, San Diego, CA 92103
10.  Includes 50,000 shares of Common Stock held by IHCG and 335,511 shares of
Common Stock held by Mr. Overfelt,  Mr. Overfelts address is 4634 So. Ledgemont
Dr., Holladay UT 84124
11.  Includes 50,000 shares of Common Stock held by IHCG, and 726,429 shares of
Common Stock held by Mr. Ballash and options to acquire 450,000 shares of Common
Stock at $0.10 per share.  Mr. Ballash's address is 9777 So. Dunsinsame Dr., So.
Jordan, UT 84095
12.  Includes 1,272,013 shares of Common Stock .. Mr. Nelsons address is 207
West Clarendon #3B, Phoenix, AZ 85013


                              F-20


ITEM 13:  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Since the beginning of the Company's last fiscal year, there have been no
transactions or series of transactions between the Company and any executive
officer, director or 5% beneficial owner of the Company's common stock in which
one of the foregoing individuals had an interest of more than $60,000.

The Company believes that all transactions between the Company and related
parties have been on terms and conditions no less favorable to the Company than
those available from third parties.  Each transaction was entered into to
provide operating capital for the Company.  All future transactions between the
Company and any related party will be on terms and conditions no less favorable
to the Company than those available from third parties and will be approved by a
majority of the Company's disinterested directors.

Section 16(a) of the Securities Exchange Act of 1934 required the Company's
directors and executive officers, and persons who own more than ten percent of a
registered class of the Company's equity securities, to file with the Securities
and Exchange Commission initial reports of ownership and reports of changes in
ownership of Common Stock and other equity securities of the Company.  Executive
officers, directors and holders of ten percent or more of the Company's equity
securities are required to furnish the Company with copies of all Section 16(a)
reports they file.  However, because of the recent mergers and conversions,
these reports have not been provided.

                              F-21

PART IV

ITEM 14:  EXHIBITS AND REPORTS ON FORM 8-K

(a)       The following financial statements are included in Part II Item 8:

               Report of Independent Public Accountants

               Balance Sheets as of June 30, 2001 and 2000

               Statements of Operations for the Years Ended
               June 30, 2001, 2000, and 1999

               Statements of Shareholders' Equity
               for the Years Ended June 30, 2001 and 2000

               Statements of Cash Flows for the Years ended June 30, 2001, 2000

               Notes to Financial Statements


(b)       Reports on Form 8-K

               No reports on Form 8-K have been filed by the Registrant during
          the last quarter of the period covered by this report.

(c)       Exhibits



The following documents are incorporated by reference to the Company's
Registration Statement on Form S-18, filed with the Commission on January 17,
1989, and as amended on February 10, 1989 and March 7, 1989, as declared
effective on March 9, 1989:

3.1       Articles of Incorporation and all amendments thereto
3.2       Bylaws
10.1      Nonqualified Stock Option Plan
10.2      Incentive Stock Option Plan
10.3      Form of common stock Purchase Warrant issued to Rogers & Anderson
10.4      Form of Rental Agreement
10.5      Form of 60 Month Lease Agreement
10.6      Form of Purchase Agreement
10.7           Form of Proprietary Information and Inventions Agreement between
          all employees and consultants and the Company
10.8      Facilities Lease between the Company and J & V Management Company

                              F-22


The following documents are incorporated by reference to the Company's Annual
report on Form 10-K dated September 25, 1989:

10.9      Underwriting Agreement, dated March 10 1989, between the Company and
          Schnieder Securities, Inc.
10.10          Hemotech Purchase Agreement

The following documents are incorporated by reference to the Company's report on
Form 10-K dated October 12, 1993

10.11          Settlement Agreement between Tenet Information Services, Inc.,
               and Hewlett Packard
10.12     Release and Consent Agreement between Tenet Information Services Inc.,
          and First Security Bank.
10.13     Assignment of Note and Related Documents by First Security Bank in
          favor of T Acquisition L.C.
10.14     Facility Lease
10.15     Debt Conversion
10.16     Series A Preferred Stock
10.17     Series B Preferred Stock

The following documents are incorporated by reference to the Company's report on
Form 10-K dated October 14, 1995 for the year ended June 30, 1995.

2.1       Form of International Health Care Consulting Group Acquisition
2.2       Agreement and Plan of Reorganization
4.1       Conversion of Series A Preferred Stock
4.2       Conversion of Series B Preferred Stock
4.3       Conversion of T-Acquisition Debt
4.4       Conversion of Anderson Debt
4.5       Conversion of Carlston Debt
4.6       Form of Private Placement
4.7       Form of Class A Warrant
4.8       Form of Class B Warrant
4.9       Form of Class C Warrant
10.18          Form of F. Overfelt Employment Agreement
10.19          Form of D. Ballash Employment Agreement

                              F-23

                                   SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Company has duly caused this annual report to be signed on its
behalf by the undersigned, thereunto duly authorized.

                         TENET INFORMATION SERVICES, INC.

October 15, 2001         By:/s/Jerald L. Nelson
                         ---------------------------------------
                         Jerald L. Nelson, Chairman of the Board
                         Corporate Treasurer


Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following person, which include the Chief Operating
Officer, and a majority of the Board of Directors, on behalf of the Company and
in the capacities and on the dates indicated:

                                POWER OF ATTORNEY

Know All Men By These Presents, that each person whose signature appears below
constitutes and appoints each of Jerald L. Nelson and Frank C. Overfelt, jointly
and severally, his true and lawful attorney in fact and agent, with full powers
of substitution for him and in his name, place and stead, in any and all
capacities, to sign any or all amendments to this Report on Form 10-K and to
file the same, with all exhibits thereto, and all other documents in connection
therewith, with the Securities and Exchange Commission, hereby ratifying and
confirming all that each of said attorney in fact, or his substitute or
substitutes, may do or cause to be done by virtue hereof.

     Signature                Title                              Date

/s/ Jerald L. Nelson     Director and Chairman         October 15, 2001
--------------------
Jerald L. Nelson         of the Board of Directors
                         Corporate Treasurer

/s/ Donald W. Ballash    Corporate Secretary, Chief    October 15, 2001
---------------------
Donald W. Ballash        Operations Officer

/s/Frank C. Overfelt     Director, President           October 15, 2001
--------------------
Frank C. Overfelt

/s/ Eric J. Nickerson    Director
---------------------
Eric J. Nickerson                                      October 15, 2001

Supplemental Information to be Furnished With Reports Filed Pursuant to Section
15(d) of the Act by Companies Which Have Not Registered Securities Pursuant to
Section 12 of the Act.


The  Company  has  not  prepared or distributed any annual  report  to  security
holders covering the last fiscal year or any proxy statement, form for proxy  or
other  proxy  soliciting  material to more than ten of  the  Company's  security
holders with respect to any annual or other meeting of security holders.  In the
event  the  Company's management elects to distribute such an annual  report  or
proxy material subsequent to the filing of this annual report on Form 10-K,  the
Company will furnish four copies of such materials to the Commission when it  is
sent to security holders.

                              F-24

                              SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Company has duly caused this annual report
to be signed on its behalf by the undersigned, thereunto duly
authorized.

                         TENET INFORMATION SERVICES, INC.

                         By:/s/ Jerald L. Nelson
                         -----------------------
                         Jerald L. Nelson, Chairman of the Board


Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following person, which
include the Chief Operating Officer, and a majority of the Board of
Directors, on behalf of the Company and in the capacities and on the
dates indicated:

                           POWER OF ATTORNEY

Know All Men By These Presents, that each person whose signature
appears below constitutes and appoints each of Jerald L. Nelson and
Frank C. Overfelt, jointly and severally, his true and lawful attorney
in fact and agent, with full powers of substitution for him and in his
name, place and stead, in any and all capacities, to sign any or all
amendments to this Report on Form 10-K and to file the same, with all
exhibits thereto, and all other documents in connection therewith,
with the Securities and Exchange Commission, hereby ratifying and
confirming all that each of said attorney in fact, or his substitute
or substitutes, may do or cause to be done by virtue hereof.

     Signature           Title                    Date

By:/s/Jerald L. Nelson   Chairman of the Board    October 15, 2001
----------------------
Jerald L. Nelson         Director and Corporate
                         Treasurer



By:/s/ Frank C. Overfelt Director, President
------------------------
Frank C. Overfelt                                 October 15, 2001

By: /s/Donald W. Ballash Corporate Secretary and
------------------------
Donald W. Ballash        Chief Operating Officer  October 15, 2001


By: /s/Eric J. Nickerson Director
------------------------
Eric J. Nickerson                                 October 15, 2001

                              F-25


Supplemental Information to be Furnished With Reports Filed Pursuant
to Section 15(d) of the Act by Companies Which Have Not Registered
Securities Pursuant to Section 12 of the Act.


The  Company  has  not prepared or distributed any  annual  report  to
security holders covering the last fiscal year or any proxy statement,
form for proxy or other proxy soliciting material to more than ten  of
the  Company's  security holders with respect to any annual  or  other
meeting  of  security holders.  In the event the Company's  management
elects   to  distribute  such  an  annual  report  or  proxy  material
subsequent  to  the  filing of this annual report on  Form  10-K,  the
Company  will furnish four copies of such materials to the  Commission
when it is sent to security holders.


                              F-26