SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C. 20549

                           Form 10-KSB

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

              For the Year ended December 31, 2004


[  ] 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 Identification No.)
of incorporation or organization)


           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  [  ]


               APPLICABLE 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 December 31, 2003
          -----                    -----------------------------------
 Common Stock $.001 Par Value                 35,903,281


<PAGE>


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
annual report, with the exception of accounting and legal fees
for filing Securities and Exchange Commission documents and the
Corporate Income Tax Return.

<TABLE>
<CAPTION>
                    J R BASSETT OPTICAL, INC.
                    -------------------------
                    CONDENSED BALANCE SHEETS
                    ------------------------
For the Years Ended December 31, 2004, 2003, 2002, 2001, and 2000

                             ASSETS
                             ------
                                     12-31-04       12-31-03       12-31-02       12-31-01       12-31-00
                                     --------       --------       --------       --------       --------
<S>                               <C>            <C>            <C>            <C>            <C>

Current Assets                    $       0.00   $       0.00   $     410.00   $       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   $     410.00   $       0.00   $       0.00
                                   ===========    ===========    ===========    ===========    ===========

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

Current Liabilities               $   4,500.00   $  18,265.80   $   7,898.74   $   3,350.00   $       0.00

Long-Term Liabilities                     0.00           0.00           0.00           0.00           0.00
                                   -----------    -----------    -----------    -----------    -----------

Total Liabilities                     4,500.00      18,265.80       7,898.74       3,350.00           0.00

Stockholders' Equity:
Common Stock, $0.001 Par Value,
75,000,000 shares authorized,
35,903,280 shares issued and
outstanding                          35,903.28      31,703.70      31,703.70      31,703.70      31,703.70

Capital in excess of par value       17,657.12           0.00           0.00           0.00           0.00

Retained Earnings (Deficit)        ( 58,060.40)   ( 49,969.50)   ( 39,192.44)   ( 35,053.70)   ( 31,703.70)
                                   -----------    -----------    -----------    -----------    -----------

Total Stockholders' Equity
(Deficit)                          (  4,500.00)   ( 18,265.80)    ( 7,488.74)   (  3,350.00)          0.00
                                   -----------    -----------    -----------    -----------    -----------

Total Liabilities and
Stockholders' Equity              $       0.00   $       0.00   $     410.00   $       0.00   $       0.00
                                   ===========    ===========    ===========    ===========    ===========
</TABLE>

UNAUDITED - See attached Report of Certified Public Accountants.
See attached Notes to Financial Statements


<PAGE>

<TABLE>
<CAPTION>
                    J R BASSETT OPTICAL, INC.
                    -------------------------
              CONDENSED STATEMENTS OF OPERATIONS AND
              --------------------------------------
                   RETAINED EARNINGS (DEFICIT)
                   ---------------------------
    Years Ended December 31, 2004, 2003, 2002, 2001, and 2000

                                     12-31-04       12-31-03      12-31-02        12-31-01       12-31-00
                                     --------       --------      --------        --------       --------
<S>                               <C>            <C>            <C>            <C>            <C>

Revenue                           $       0.00   $       0.00   $       0.00   $       0.00   $       0.00
Expenses                              8,090.90      10,777.06       4,138.74       3,350.00           0.00
                                   -----------    -----------    -----------    -----------    -----------
Net Income (Loss)                  (  8,090.90)   ( 10,777.06)     (4,138.74)     (3,350.00)          0.00

Retained Earnings:
Beginning of Period (Deficit)      ( 49,969.50)   ( 39,192.44)   ( 35,053.70)   ( 31,703.70)    (31,703.70)
                                   -----------    -----------    -----------    -----------    -----------

End of Period (Deficit)           $( 58,060.40)  $( 49,969.50)  $( 39,192.44)  $( 35,053.70)  $ (31,703.70)
                                   ===========    ===========    ===========    ===========    ===========

UNAUDITED - See attached Report of Certified Public Accountants.
See attached Notes to Financial Statements


                    J R BASSETT OPTICAL, INC.
                    -------------------------
                CONDENSED STATEMENTS OF CASH FLOWS
                ----------------------------------
    Years Ended December 31, 2004, 2003, 2002, 2001, and 2000

                                        12-31-04       12-31-03       12-31-02       12-31-01       12-31-00
                                        --------       --------       --------       --------       --------
<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                   (21,856.70)    (     0.00)    ( 4,398.74)    (     0.00)    (     0.00)
                                      -----------    -----------    -----------    -----------    -----------
   Net Cash Provided (Used) by
     Operating Activities              (21,856.70)    (     0.00)    ( 4,398.74)          0.00           0.00

Cash Flows from Financing Activities:
Proceeds from stockholder loan               0.00           0.00       4,398.74           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       4,398.74           0.00           0.00

Cash Flows from Investing Activities:
Proceeds from sale of common stock      21,856.70           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                21,856.70           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)                    $ ( 8,090.90)  $ (10,777.06)  $(  4,138.74)  $ ( 3,350.00)  $       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) Decrease in current assets  (     0.00)        410.00    (    410.00)    (     0.00)   (      0.00)
Increase (Decrease)  in current
  liabilities                          (13,765.80)     10,367.06         150.00       3,350.00           0.00
Net Cash Provided by                  -----------    -----------    -----------    -----------    -----------

  Operating Activities               $ (21,856.70)   $(     0.00)  $(  4,398.74)  $       0.00   $       0.00
                                      ===========    ===========    ===========    ===========    ===========
</TABLE>

UNAUDITED - See attached Report of Certified Public Accountants.
See attached Notes to Financial Statements


<PAGE>


ITEM 2.   NOTES TO FINANCIAL STATEMENTS
-------   -----------------------------

                    J R BASSETT OPTICAL, INC.
                    -------------------------
             NOTES TO CONDENSED FINANCIAL STATEMENTS
             ---------------------------------------

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.

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.

5.   Revenues and Expenses
     ---------------------
   The Company 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
   annual report, except for professional fees related to
   Securities and Exchange Commission fillings and filing of the
   Corporate tax returns.

6.   Common Stock
     ------------
   During 2004 the Company issued 4,199,581 shares for
   $21,856.70.  As of December 31, 2004 the Company has
   35,903,281 shares of common stock, $0.001 par value, issued
   and outstanding.  There are 75,000,000 shares authorized.

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.


<PAGE>


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 September 30, 2002, 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 dividends in the
   foreseeable future.  The Company intends to retain any
   earnings that may be generated to provide funds for the
   operation and expansion of its business.


ITEM 3.   REPORT OF CERTIFIED PUBLIC ACCOUNTANTS
-------   --------------------------------------

                        Hammett & Company

       Certified Public Accountants & Business Consultants

                         Ocala, Florida

             REPORT OF CERTIFIED PUBLIC ACCOUNTANTS

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, 2004,
2003, 2002, 2001, and 2000, 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.


Ocala, Florida                   /s/Hammett & Company.
     July 12, 2005


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.)

July 21, 2005                /s/  Robert E. Williams
                             -----------------------
                             Robert E. Williams
                             President / C.E.O.


<PAGE>