SECURITIES AND EXCHANGE COMMISSION
                          WASHINGTON, D.C. 20549


                               Form 10-KSB


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

        For the quarterly period ended December 31, 2001
                                       -----------------


[ ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

        For the transition period from ___________ to _________________


                      Commission file number 33-27651



                          J R BASSETT OPTICAL, INC.
                      (Formerly OPTICAL EXPRESS, INC.)
    -----------------------------------------------------------------
    (Exact name of small business issuer as specified in its charter)

           DELAWARE                                        87-0469497
---------------------------------                     -------------------
(State or other jurisdiction                             (IRS Employer
of incorporation or organization)                     Identification No.)


                600 S.W. 10th Street, Ocala, Florida 34474
                ------------------------------------------
                 (Address of principal executive offices)


                                352-629-7509
                        ---------------------------
                        (Issuer's telephone number)


	Check whether the issuer (1) filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act during the past 12
months (or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                    Yes  [X]              No  [  ]


                APLICABLE ONLY TO CORPORATE ISSUERS

	State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date:

       Class                                         Outstanding as of
                                                      August 31, 2000
----------------------------                         -----------------

Common Stock $.001 Par Value                            31,703,700


<PAGE>    1



                     J R BASSETT OPTICAL, Inc.
                     -------------------------


I.   Financial Information
     ---------------------


     Item 1. Financial Statements

J R Bassett Optical, Inc. discontinued operations on August 31, 1995
and as such had no revenues, expenses, assets or liabilities as of
that date and continuing through the date covered by this quarterly
report, with the exception of accounting and legal fees for filing
Securities and Exchange Commission documents and the Corporate Income
Tax Return.




<PAGE>    2



                    J R BASSETT OPTICAL, INC.




                      FINANCIAL STATEMENTS

    For the Years Ended December 31, 2001, 2000, 1999, 1998, and 1997






                    TOGETHER WITH REPORT OF
                 CERTIFIED PUBLIC ACCOUNTANTS


<PAGE>    3




                    Hammett, Odom & Company

            Certified Public Accountants & Associates

                        Ocala, Florida





             REPORT OF CERTIFIED PUBLIC ACCOUNTANTS





To the Board of Directors
J R Bassett Optical, Inc.
Ocala, Florida


We are not independent with respect to J R Bassett Optical, Inc., and
the accompanying balance sheets as of December 31, 2001, 2000, 1999,
1998, and 1997, and the related statements of income and retained
earnings, and cash flows for the years then ended were not audited by
us and, accordingly, we do not express an opinion on them.





/s/Hammett, Odom & Company


Ocala, Florida
March 25, 2002



<PAGE>    4


                   J R Bassett Optical, Inc.

                        Balance Sheets
        December 31, 2001, 2000, 1999, 1998, and 1997




<TABLE>
<CAPTION>
                            ASSETS
                            ------


                             12-31-01       12-31-00      12-31-99      12-31-98      12-31-97
                           -----------   ------------   -----------   -----------   -----------
<S>                        <C>           <C>            <C>           <C>           <C>

CURRENT ASSETS             $      0.00   $       0.00   $      0.00   $      0.00   $      0.00

DEPRECIABLE ASSETS                0.00           0.00          0.00          0.00          0.00

OTHER ASSETS                      0.00           0.00          0.00          0.00          0.00
                           -----------   ------------   -----------   -----------   -----------
TOTAL ASSETS               $      0.00   $       0.00   $      0.00   $      0.00   $      0.00
                           ===========   ============   ===========   ===========   ===========



              LIABILITIES & STOCKHOLDERS' EQUITY
              ----------------------------------


CURRENT LIABILITIES        $  3,350.00   $       0.00   $      0.00   $      0.00   $      0.00

LONG-TERM LIABILITIES             0.00           0.00          0.00          0.00          0.00
                           -----------   ------------   -----------   -----------   -----------
TOTAL LIABILITIES             3,350.00           0.00          0.00          0.00          0.00

STOCKHOLDERS' EQUITY:

Common Stock, $0.001
Par Value, 31,703,700
shares authorized,
issued and outstanding       31,703.70      31,703.70     31,703.70     31,703.70     31,703.70

Capital in excess of
par value                         0.00           0.00          0.00          0.00          0.00

Retained Earnings
(Deficit)                  ( 35,053.70)   ( 31,703.70)  ( 31,703.70)  ( 31,703.70)  ( 31,703.70)
                           -----------   ------------   -----------   -----------   -----------
TOTAL STOCKHOLDERS'
EQUITY                     (  3,350.00)          0.00          0.00          0.00          0.00
                           -----------   ------------   -----------   -----------   -----------

TOTAL LIABILITIES and
STOCKHOLDERS' EQUITY        $     0.00   $       0.00   $      0.00   $      0.00   $      0.00
                           ===========   ============   ===========   ===========   ===========

</TABLE>






UNAUDITED - See attached Report of Certified Public Accountants.

See attached Notes to Financial Statements



<PAGE>    5



                        J R Bassett Optical, Inc.


              Statements of Income and Retained Earnings
        Years Ended December 31, 2001, 2000, 1999, 1998, and 1997



<TABLE>
<CAPTION>
                             12-31-01       12-31-00      12-31-99      12-31-98      12-31-97
                           -----------   ------------   -----------   -----------   -----------
<S>                        <C>           <C>            <C>           <C>           <C>

REVENUE                    $      0.00   $       0.00   $      0.00   $      0.00   $      0.00

EXPENSES                      3,350.00           0.00          0.00          0.00          0.00
                           -----------   ------------   -----------   -----------   -----------

NET INCOME (LOSS)         (  3,350.00)           0.00          0.00          0.00          0.00

RETAINED EARNINGS:
Beginning of Period        ( 31,703.70)   ( 31,703.70)   (31,703.70)   (31,703.70)   (31,703.70)
                           -----------   ------------   -----------   -----------   -----------

End of Period             $( 35,053.70)  $( 31,703.70)  $(31,703.70)  $(31,703.70)  $(31,703.70)
                           ===========   ============   ===========   ===========   ===========


</TABLE>













UNAUDITED - See attached Report of Certified Public Accountants.

See attached Notes to Financial Statements



<PAGE>    6



                          J R Bassett Optical, Inc.

                           Statements of Cash Flows
           Years Ended December 31, 2001, 2000, 1999, 1998, and 1997


<TABLE>
<CAPTION
                                  12-31-01       12-31-00      12-31-99      12-31-98      12-31-97
                                -----------   ------------   -----------   -----------   -----------
<S>                             <C>           <C>            <C>           <C>           <C>

CASH FLOWS FROM OPERATING ACTIVITIES:

Cash received from services     $      0.00   $       0.00   $      0.00   $      0.00   $      0.00
Payments of expenses             (     0.00)   (      0.00)   (     0.00)   (     0.00)   (     0.00)
                                -----------   ------------   -----------   -----------   -----------
Net Cash Provided by
  Operating Activities                 0.00           0.00          0.00          0.00          0.00


CASH FLOWS FROM FINANCING ACTIVITIES:

Proceeds from borrowings               0.00           0.00          0.00          0.00          0.00
Principal payments on note
  payable                        (     0.00)   (      0.00)   (     0.00)   (     0.00)   (     0.00)
                                -----------   ------------   -----------   -----------   -----------

     Net Cash Provided by
       Financing Activities            0.00           0.00          0.00          0.00          0.00


CASH FLOWS FROM INVESTING ACTIVITIES:

Proceeds from sale of common
  stock                                0.00           0.00          0.00          0.00          0.00
Purchase of fixed assets         (     0.00)   (      0.00)   (     0.00)   (     0.00)   (     0.00)
Purchase of other assets         (     0.00)   (      0.00)   (     0.00)   (     0.00)   (     0.00)
                                -----------   ------------   -----------   -----------   -----------
     Net Cash Provided (Used)
       by Financing Activities         0.00           0.00          0.00          0.00          0.00

Net Increase (Decrease) In Cash        0.00           0.00          0.00          0.00          0.00

Cash at Beginning of Year              0.00           0.00          0.00          0.00          0.00
                                -----------   ------------   -----------   -----------   -----------

cash at End of Year             $      0.00   $       0.00   $      0.00   $      0.00   $      0.00
                                ===========   ============   ===========   ===========   ===========


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

Net income (loss)               $( 3,350.00)  $       0.00   $      0.00   $      0.00   $      0.00

Adjustments to reconcile net
  income to net cash provided
  by operating activities:

Depreciation                           0.00           0.00          0.00          0.00          0.00
(Increase) in current assets     (     0.00)   (      0.00)   (     0.00)   (     0.00)   (     0.00)
Increase in current
  liabilities                      3,350.00           0.00          0.00          0.00          0.00
                                -----------   ------------   -----------   -----------   -----------
Net Cash Provided by
  Operating Activities          $      0.00   $       0.00   $      0.00   $      0.00   $      0.00
                                ===========   ============   ===========   ===========   ===========


</TABLE>


UNAUDITED - See attached Report of Certified Public Accountants.

See attached Notes to Financial Statements



<PAGE>    7


Item 2.	Notes to Financial Statements


                       J R Bassett Optical, Inc.

                     Notes to Financial Statements
            December 31, 2001, 2000, 1999, 1998, and 1997



1.  Organization

    J R Bassett Optical, Inc. (formerly Optical Express, Inc.) is
    organized, under the laws of the State of Delaware.  The Company is
    a reporting company under section 13 or 15(d) of the Securities
    Exchange Act of 1934 (Commission file number 33-27651


2.  History of the Company

    J R Bassett Optical, Inc. (the "Company") was established under the
    laws of the state of Utah in March 1989, under the name "Bluefield
    Enterprises, Inc."  Bluefield Enterprises, Inc. had no operations
    until July, 1992, when the Company merged with Optical Express,
    Inc., a Florida corporation engaged in the business of operating
    retail eyewear stores in Central Florida, at which time the name of
    the Company was changed to Optical Express, Inc.

    In August 1993, the Company merged with The AppleTree Companies,
    Inc., a Delaware corporation, ("AppleTree") and became an operating
    subsidiary of AppleTree.  At that time, Appletree owned 28,367,500
    shares of the Company's common stock of 31,703,700 shares
    outstanding.  In order to reflect the expansion of the Company into
    other states, in 1993, the name of the Company was changed to J R
    Bassett Optical, Inc.  The operations of the Company were
    discontinued on August 31, 1995.  On April 4, 1997, Appletree filed
    for bankruptcy protection and reorganization (Chapter 11) in the
    United States Bankruptcy Court, Eastern District of Virginia,
    Norfolk Division, case No. 97-22597-SCS.

    On November 18, 1999, The United States Bankruptcy Court, Eastern
    District of Virginia, Norfolk Division approved the sale of
    28,367,500 AppleTree Companies, Inc. stock of J R Bassett Optical,
    Inc. to Robert E. Williams, the former Chief Executive Officer and
    Chairman of the Board.  As of December 31, 2000, the sale had not
    yet been consummated.


3.  Business of the Company

    The Company currently has no operations or employees.  The Company
    is searching for and investigating business opportunities.
    However, there can be no assurance that the Company will be
    successful in its search for such opportunities.  The Company
    presently intends to investigate and/or engage in one or more of
    the following activities ("Venture Activities"): (1) acquisition of
    at least a majority interest in and operational control of,
    business enterprises; (2) development and marketing of commercial
    enterprises, products and/or services; and (3} participation in
    business ventures with existing or newly formed business entities
    on a joint venture or other active business relationship basis.
    The Company may also take equity positions in certain business
    enterprises through the direct purchase of securities or through
    other financing methods including the utilization of debt financing
    and may purchase franchises and/or license products or services.
    In any case, The Company intends to, directly and/or through
    subsidiaries or affiliates, acquire and maintain a controlling
    interest in the entities it acquires or establishes Management
    anticipates that the selection of business enterprises, products or
    services for acquisition will be complex and risky.  Because of the
    Company's limited financial capabilities at this time, it is
    anticipated that the Company may not be able to diversify its
    acquisitions.

    The Company will consider the quality of the management of any
    business acquisition candidate and the operating records of the
    entity, the soundness of the service or product to be developed or
    being developed, the effect of market and economic conditions and
    governmental policies on the business and its products, the nature
    of its competition, and the total projected required capital.  At
    this time, the Company cannot predict the manner in which it may
    acquire and/or participate in the establishment and/or financing of
    a business enterprise.


4.  Basis of Accounting

    The accompanying financial statements use the accrual basis of
    accounting, which the Company expects to use for both financial
    statement and income tax purposes.  Consequently, revenues are
    recognized when earned and expenditures are recognized when
    incurred.



<PAGE>    8


5.  Revenues and Expenses

    The Company currently, and for the years ended December 31, 2000,
    1999, 1998, 1997, and 1996 had no operations and accordingly no
    revenues or expenses.


6.  Common Stock

    The Company has 31,703,700 shares of common stock, $0.001 par
    value, authorized, issued and outstanding.  Since the Company has
    no assets other than the value of being a reporting company, the
    original capitalization, retained earnings (deficit) and any
    additional capital investments have been eliminated.


7.  Description of Property

    The Company currently occupies space, rent free, in the offices of
    Robert E. Williams, the Company's President, located at 600 SW 10th
    Street, Ocala, Florida 34474.


8.  Legal Proceedings

    The Company is not a party to any litigation or governmental
    proceedings that management believes would result in any judgments
    or fines that would have a material adverse effect on the Company.


9.  Market for Common Equity and Related Stockholder Matters

    There is no public trading market for the Common stock of the
    Company.  The Company's common stock has not traded since August
    1993, at which time it traded on the over-the-counter market.

    As of March 25, 2001, there were 140 holders of record of the
    Company's Common Stock.

    The Company has not paid any cash dividends on its Common Stock and
    does not currently intend to declare or pay cash dividends in the
    foreseeable future.  The Company intends to retain any earnings, if
    any, that may be generated to provide funds for the operation and
    expansion of its business.



<PAGE>    9


II. Other Information
---------------------

OTHER INFORMATION is not presented per the instructions to Part II
since the items are inapplicable or answered in the negative.




                              SIGNATURES
                              ----------

Pursuant to the requirement of the Securities and Exchange Act of
1934, the registrant has duly caused this report be signed on its
behalf by the undersigned thereunto duly authorized.




                                 J R Bassett Optical, Inc.
                                 (formerly, Optical Express, Inc.)



March 25, 2002                   ___/s/Robert E. Williams____________
                                 Robert E. Williams
                                 President / C.E.O.


<PAGE>    10