UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)

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

          For the quarterly period ended January 31, 2005

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

          For the transition period from           to
                                          --------    -------------

                       Commission file number: 333-116890

                          COLLEGE OAK INVESTMENTS, INC.
                          -----------------------------
        (Exact name of small business issuer as specified in its charter)

                Nevada                                   30-0226902
  (State or other jurisdiction of             (IRS Employer Identification No.)
   incorporation or organization)

              16161 COLLEGE OAK, SUITE 101,SAN ANTONIO, TEXAS 78249
          ------------------------------------------------------------
                    (Address of principal executive offices)

                                 (210) 408-6019
                                 --------------
                        (Registrant's telephone number)

                                      N/A
                                 --------------
                            (Former name and address)

     Check whether the registrant (1) has 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 [ ]

As  of  February 28, 2005, 2,114,000 shares of common stock, $0.001 par value of
the  issuer  were  outstanding  ("Common  Stock").

<PAGE>

                          PART I. FINANCIAL INFORMATION

ITEM  1.  FINANCIAL STATEMENTS

<TABLE>
<CAPTION>

                 COLLEGE OAK INVESTMENTS, INC.
                        BALANCE SHEET
                       January 31, 2005
                          (Unaudited)

     ASSETS

<S>                                                <C>
Cash                                           $     282
Accounts receivable                                9,839
Investment in joint venture                          396
                                                 --------
  Total current assets                         $  10,517
                                                 ========

     LIABILITIES  &  STOCKHOLDERS'  DEFICIT

Accounts payable                               $  39,753
Line of credit                                     2,500
                                                 --------
  Total current liabilities                       42,253
                                                 --------

Commitments                                            -

STOCKHOLDERS' DEFICIT
Preferred stock, $.001 par, 10,000,000 shares
  authorized, none issued and outstanding              -
Common stock, $.001 par, 140,000,000 shares
  authorized, 2,114,000 shares issued
  and outstanding                                  2,114
Additional paid in capital                       209,286
Accumulated deficit                             (243,136)
                                                 --------
TOTAL STOCKHOLDERS' DEFICIT                      (31,736)
                                                 --------
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT      $  10,517
                                                 ========

</TABLE>

<PAGE>

<TABLE>
<CAPTION>

                          COLLEGE OAK INVESTMENTS, INC.
                            STATEMENTS OF OPERATIONS
                  Three and Nine Months Ending January 31, 2005
                                  (Unaudited)

                                                 Three              Nine
                                                 Months             Months
                                                ---------          ---------
<S>                                                <C>               <C>
Revenues
  General contracting                          $   42,937         $ 246,373
  Management fees                                     630             1,635
  Management fees related party                         -               455
                                                ---------          ---------
Total revenues                                     43,567           248,463

Cost of revenues                                   60,500           244,616
                                                ---------          ---------
Gross profit                                      (16,933)            3,847

Administrative expenses                             5,645            11,438
                                                ---------          ---------
Net loss                                       $  (22,578)        $  (7,591)
                                                =========          =========

Basic and diluted net
  loss per common share                        $     (.01)       $     (.00)

Weighted average common
  shares outstanding                            2,114,000         2,112,565

</TABLE>

<PAGE>

<TABLE>
<CAPTION>

                   COLLEGE OAK INVESTMENTS, INC.
                     STATEMENTS OF CASH FLOWS
                 Nine Months Ended January 31, 2005
                           (Unaudited)

                                                           Nine
                                                          Months
                                                        ---------
<S>                                                         <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss                                                 $(7,591)
Adjustments to reconcile net loss
  to cash used in operating activities:
Changes in:
  Accounts receivable                                     (9,839)
  Accounts payable                                         8,999
                                                        ---------
NET CASH USED IN OPERATING ACTIVITIES                     (8,431)
                                                        ---------
CASH FLOWS FROM INVESTING ACTIVITIES
  Purchase in joint venture                                 (396)
                                                        ---------
CASH FLOWS FROM FINANCING ACTIVITIES
  Line of credit                                           2,500
  Sale of stock                                            1,800
                                                        ---------
NET CASH PROVIDED BY FINANCING ACTIVITIES                  4,300
                                                        ---------
NET CHANGE IN CASH                                        (4,527)
  Cash balance, beginning                                  4,809
                                                        ---------
  Cash balance, ending                                   $   282
                                                        =========
</TABLE>

<PAGE>

                          COLLEGE OAK INVESTMENTS, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                  (Unaudited)

NOTE 1 - BASIS OF PRESENTATION

     The  accompanying  unaudited  interim  financial  statements of College Oak
Investments,  Inc.  ("College  Oak"),  have  been  prepared  in  accordance with
accounting principles generally accepted in the United States of America and the
rules  of  the Securities and Exchange Commission ("SEC"), and should be read in
conjunction with the audited financial statements and notes thereto contained in
College  Oak's  latest  annual  report  filed  with the SEC on Form SB-2. In the
opinion  of  management,  all  adjustments,  consisting  of  normal  recurring
adjustments,  necessary  for  a  fair presentation of financial position and the
results  of  operations  for  the  interim periods presented have been reflected
herein.  The  results  of  operations  for  interim  periods are not necessarily
indicative  of  the  results  to  be  expected  for  the full year. Notes to the
financial  statements  which  would  substantially  duplicate  the  disclosure
contained  in the audited financial statements for fiscal year 2004, as reported
in  the  SB-2,  have  been  omitted.

     In  the  prior  year,  College  Oak  was  presented  as a development stage
enterprise.  Beginning in the quarter ended October 31, 2004, College Oak was no
longer  considered  development  stage.

NOTE 2 - COMMON STOCK

     During  the nine months ended January 31, 2005, 18,000 shares were sold for
$1,800.

NOTE 3 - LINE OF CREDIT

     During  the  nine  months  ended  January  31,  2005,  two of the company's
founders  provided  College Oak with unsecured lines of credit totaling $50,000.
Annual  interest on unpaid principal is 0% and annual interest on matured unpaid
principal is 10%. Any unpaid principal and interest is due on December 31, 2005.
As  of  January  31,  2005,  College  Oak  had  borrowed  $2,500.

<PAGE>

ITEM  2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

     THIS  REPORT  CONTAINS  FORWARD  LOOKING  STATEMENTS  WITHIN THE MEANING OF
SECTION  27A  OF  THE  SECURITIES ACT OF 1933, AS AMENDED AND SECTION 21E OF THE
SECURITIES  EXCHANGE ACT OF 1934, AS AMENDED. THE COMPANY'S ACTUAL RESULTS COULD
DIFFER  MATERIALLY  FROM  THOSE SET FORTH ON THE FORWARD LOOKING STATEMENTS AS A
RESULT  OF  THE RISKS SET FORTH IN THE COMPANY'S FILINGS WITH THE SECURITIES AND
EXCHANGE COMMISSION, GENERAL ECONOMIC CONDITIONS, AND CHANGES IN THE ASSUMPTIONS
USED  IN  MAKING  SUCH  FORWARD  LOOKING  STATEMENTS.

OVERVIEW

     College  Oak  Investments,  Inc.  (the  "Company")  has a limited operating
history.  We  were  incorporated  in  February  2004, but have conducted limited
business  operations as we have had limited cash and assets. Since inception, we
have  marketed  our  services  in  a  limited  fashion as cash flow has allowed,
relying  on  the efforts of our president and consultants to act on pending bids
and/or  opportunities as they arise. In the future, as revenues provide, we will
place  our  Company  on  broad  bid lists, seek out potential real estate owners
requiring  our  specific expertise, and attend various local and regional social
functions  to spread awareness of our services. Traditionally, the services that
we  provide  are  sought out on a "word-of-mouth" basis and by networking within
the industry.  Other methods, such as advertising and public relations, are less
often  utilized  for  small  companies such as ours, but we plan to implement
those methods  as  our  growth  allows.

     In  the  event  the  Company  can  raise  additional capital, we anticipate
providing  full-service  development  consulting,  construction  management  and
general  contracting  services  and  support  for  small  to mid-size commercial
developers  and  users of commercial buildings and various types of raw land for
speculation  and  development.  We  anticipate  these  services  to  include the
following:

     -  Site  Selection;
     -  Financial  Pro-forma  preparation  and  analysis;
     -  Return  on  Investment  and  Rate  of  Return  Analysis;
     -  Design  Development;
     -  Full  service  Architectural  and  Engineering  Services;
     -  Construction  Management;
     -  General  Contracting;
     -  Job  Supervision;
     -  Leasing  and  Property  Management;
     -  Sale/Leaseback  and  other  Disposition  Scenario
           Analyses;
     -  Sale  Negotiation  and  Brokerage;  and
     -  Raw  Land,  including  oil  and  gas  properties,  for
           acquisition,  sale  an/or  development.

     Furthermore,  if we can raise additional capital from conventional sources,
we may elect to grow by acquisition or merger with existing companies in related
businesses,  including  but  not  limited  to  subcontractors,  contractors,
construction  management  firms,  finance  or  operating  development companies.

<PAGE>

     In  addition,  it can be anticipated that the Company will enter into joint
ventures  with  owners/developers  for  the  construction  and/or  ownership  of
commercial  properties.

     On  July  15, 2004, two of our founders, David Loev and Carey G. Birmingham
committed  to  provide  us  with  additional capital in the form of non-interest
bearing,  unsecured  lines  of  credit  totaling  $50,000. These commitments are
pursuant  to  written  agreements  between  the  Company  and  Messrs.  Loev and
Birmingham  dated  September 15, 2004. As of the date of this filing, $2,500 has
been advanced to the Company pursuant to its line of credit with Mr. Birmingham.
While these lines of credit will help our current cash position, we will need to
seek  additional  financing in the short term to continue with our business plan
and  marketing  needs.  Additionally, we will need to seek out conventional long
term  financing  for  particular  projects as needed in the form of mortgages or
bank  lines  of credit. However, even with the capital available to us currently
and  which  we  hope  to  obtain  through  mortgages and lines of credit, we can
provide  no  assurance  that  we will be successful in implementing our business
plan  or  that  revenues  from our services or investments will be sufficient to
fund  our  working  capital  and  marketing  expenditure  requirements  in  the
foreseeable  future.  Failure  to obtain sufficient funding may adversely impact
our  financial  position.

     We  have  no plans to pay any salaries or overhead costs in the foreseeable
future.  As  a  result,  we  believe  that  cash flows from fees, along with our
available  lines  of  credit,  will  be  sufficient  to  pay the small amount of
operating expenses we require for the next six months. We have begun to generate
revenues  from  operations,  but  there  is  no  assurance  as to how long these
revenues  will  be  sufficient  to cover cash requirements. As a result, we will
likely rely on the lines of credit available from our founders to supplement our
operations.

     The  following  discussion should be read in conjunction with our financial
statements.

SCHERTZ PARKWAY VENTURES, LLC
-----------------------------

     On August 1, 2004, we entered into a joint venture agreement and along with
other  investors  (several  of  whom  are also investors in our Company), formed
Schertz  Parkway  Ventures,  LLC.  On  that  date,  we agreed to purchase a 3.0%
ownership  interest in the Company for an initial investment of $396.00. Schertz
Parkway  Ventures,  LLC ("SPV"), in turn, has the right to own approximately 7.6
acres  of  commercial  land  in Schertz, Texas, a city of 30,000 located 8 miles
northeast  of  San  Antonio, Texas on Interstate IH-35. The property consists of
raw  land,  zoned  commercial  and  preliminary  design  studies  anticipate
approximately  37,000  square  feet  of professional office space, 15,000 square
feet  of  retail  space  and  60,000  square  feet  of  mini-storage  space.

     It  is  the  intention  of  the joint venture to develop, sell or otherwise
improve  the  7.6  acres  in Schertz by December 31, 2005. In the event that the
joint  venture does not make a substantial effort in that regard by December 31,
2005, the owner of the land has the right to terminate the joint venture and the
land  will  revert  to  its  current  owner  without the need for payment of any
consideration.  In  such  an  event,  our  Company's investment will effectively
equate  to  nothing.

<PAGE>

     As part owner of the project in Schertz, we are entitled to receive our pro
rata  share from a sale of all or part of the land which generates sale proceeds
of over $3.50 per square foot, for the life of the joint venture. In the event a
building  or  other improvement to the property is completed and rented or sold,
we will be entitled to receive our pro rata portion of cash flows from rental or
the  sale.

     During  August  2004,  SPV  obtained a $25,000 line of credit from a local,
commercial  bank  for,  among  other  things, the purposes of paying development
costs of the project, including construction management fees to our Company. The
president  of  our  Company,  along with another investor in SPV, guaranteed the
line of credit for SPV. No member of SPV, including our Company, is obligated to
guarantee  any  obligations  of  SPV,  and College Oak Investments, Inc. has not
guaranteed  any  debts  to  date  on  behalf  of  SPV.

     In  addition  to  our  ownership  in  the joint venture, we are entitled to
receive  a  3%  fee  for  construction  management consulting. When a contractor
provides  service  to  the  joint  venture,  College Oak Investments reviews the
invoice  and  checks  to  ensure the work has been adequately performed. We then
bill  the  joint  venture  for  the  amount  of  the  contract  plus  a  3% fee.

     SPV  has  elected  to begin construction on the project, however it has not
yet entered into any contracts. If SPV does enter into a construction management
contract,  the  contract will include a provision whereby the Company receives a
3% fee, based on the construction costs, for its services.

     In August 2004, BFP Texas, Ltd. purchased a 13% interest in Schertz Parkway
Ventures,  LLC.  BFP  Texas,  Ltd.  is  a  shareholder  of the Company and Carey
Birmingham,  our  president,  is  a  General  Partner  in  BFP  Texas,  Ltd.

JANET T. BIRMINGHAM INTER VIVOS TRUST
-------------------------------------

     On  August  15,  2004,  we  accepted  the  management  and oversight of the
renovation of a 500 square foot condominium in South Norwalk, Connecticut, owned
by the Janet Birmingham Inter Vivos Trust. Janet Birmingham is the mother of our
President.  The  verbal  contract called for us to oversee the renovation of the
condominium  for a fee of 5% of the cost of construction. The renovation of this
project  was  competed  on  October 15, 2004, for a total cost of $7,913.00, and
generated  $395.00 in fees to our Company. Our consultant, David Mooney aided us
in the completion of the project for no cost to our Company beyond the shares of
stock  he  has  already  received.

<PAGE>

OPERATING RESULTS
RESULTS  OF  OPERATIONS  FOR  THE  THREE  MONTHS  ENDED  JANUARY  31,  2005

     For  the  three  month  period  ending  January  31,  2005, the Company had
revenues  of  $43,567,  consisting  of  $42,937  in general contracting, $630 in
management  fees,  and  $0  in  management fees from a related party, which were
offset  by $60,500 due to cost of revenue associated with subcontractor fees and
expenses  associated  with  the  Company's  contracts, leaving a gross profit of
($16,933).

     For  the  three  month  period  ending  January  31,  2005,  general  and
administrative  expenses  consisted  of  cash  items  of  $5,645.

     The Company had a net loss of ($22,578) for the three months ending January
31,  2005.

RESULTS  OF  OPERATIONS  FOR  THE  NINE  MONTHS  ENDED  JANUARY  31,  2005

     For the nine month period ending January 31, 2005, the Company had revenues
of $248,463, consisting of $246,373 in general contracting, $1,635 in management
fees,  and  $455  in management fees from the Janet Birmingham Inter Vivos Trust
(described  in  detail  under  Part  II.  Other  information,  Item  5.  Other
Information),  which  were  offset by $244,616 due to cost of revenue associated
with  subcontractor  fees  and expenses associated with the Company's contracts,
leaving  a  gross  profit  of  $3,847.

     For  the  nine  month  period  ending  January  31,  2005,  general  and
administrative  expenses  consisted  of  cash  items  of  $11,438.

     The  Company had a net loss of ($7,591) for the three months ending January
31,  2005.

LIQUIDITY AND CAPITAL RESOURCES

     Our  cash  position  was  $282 as of January 31, 2005. We also had accounts
receivable  of  $9,839  and investment in joint venture of $396, giving us total
current assets of $10,517.

     We had total current liabilities of $42,253, which consisted of accounts
payable  of  $39,753  and  line  of  credit  of  $2,500.

     Working capital on January 31, 2005, was ($31,736).

     For  the  nine  months  ended  January  31,  2005,  cash  used in operating
activities  was  ($8,431),  which  consisted  of ($7,591) of net loss, $8,999 in
accounts  payable,  and  ($9,839)  in  accounts  receivable. Net cash flows from
investing activities were ($396) for the nine months ended January 31, 2005. For
the  same  period,  the  net cash flows from financing activities of the Company
were  $4,300,  which  consisted of $1,800 in sale of stock and $2,500 in line of
credit.

     We  have  a  written commitment from two of our founders to provide us with
financing  via lines of credit totaling $50,000 in the future. As of the date of
this  filing, $2,500 has been advanced to the Company pursuant to these lines of
credit.  Despite  this  assurance, however, if we are unable to raise additional
capital  from  conventional  sources,  including  lines of credit and additional
sales  of  additional  stock in the future, we may be forced to curtail or cease
our  operations.  Even if we are able to continue our operations, the failure to
obtain  financing  could  have  a substantial adverse effect on our business and
financial  results.

     In  the  future,  we  may be required to seek additional capital by selling
debt  or  equity securities, curtailing operations, selling assets, or otherwise
be  required  to  bring  cash flows in balance when it approaches a condition of
cash  insufficiency.  The sale of additional equity securities, if accomplished,
may  result in dilution to our shareholders. We cannot assure you, however, that
financing  will be available in amounts or on terms acceptable to us, or at all.

     We  are  looking  at  the  possibility  of  acquiring companies and raising
additional  capital though the issuance of new stock or debt securities. If this
were  to  occur,  we  would  anticipate  adding  additional employees as well as
directors, many of whom would require stock as an incentive to join our company.
Additionally,  it  is possible that in the future we will enter into a merger or
acquisition,  which could be dilutive to our stockholders and result in a change
of  control  as  well  as  a new business. There is no assurance that we will be
successful  in  acquiring  any  companies, raising capital or that we will enter
into  a  merger  agreement.

                                  RISK FACTORS
                                  ------------

WE  HAVE  FUTURE  CAPITAL  NEEDS  AND  WITHOUT ADEQUATE CAPITAL WE MAY GO OUT OF
BUSINESS

     Our growth and continued operations could be impaired by limitations on our
access  to  the  capital  markets.  Two  of  the  principals of our Company have
committed  up  to  $50,000  in additional capital to us via non-interest bearing
unsecured  lines  of credit. However, we can not assure that the capital we have
raised,  and the additional capital available to us from our principals, will be
adequate for the long-range growth of our Company. If financing is available, it
may  involve  issuing securities senior to the shares or equity financings which
are dilutive to holders of the shares. In addition, in the event we do not raise
additional  capital from conventional sources, such as our existing investors or
commercial  banks,  there is every likelihood that our growth will be restricted
and  we  may  need  to  scale  back  or  curtail implementing our business plan.

     Even  if we are successful in raising capital, we will likely need to raise
additional  capital to continue and/or expand our operations. If we do not raise
the  additional capital, the value of any investment in College Oak Investments,
Inc.  may  become  worthless.

     OUR  AUDITOR  HAS  RAISED DOUBT AS TO WHETHER THE COMPANY CAN CONTINUE AS A
GOING  CONCERN

     The  Company  has  generated nominal revenues since inception. Additionally
the  Company  is  run  by  its  sole  employee,  Carey Birmingham, who is also a
significant shareholder of the Company. These factors among others indicate that
the  Company  may  be unable to continue as a going concern, particularly in the
event  that  it  cannot  obtain  additional  financing  and/or attain profitable
operations. The accompanying financial statements do not include any adjustments
that might result from the outcome of this uncertainty and if the Company cannot
continue  as  a  going  concern,  your  investment  in  the Company could become
devalued  or  even  worthless.

<PAGE>

     WE HAVE BEEN CONTACTED IN CONNECTION WITH VARIOUS MERGER AND ACQUISITION
OPPORTUNITIES

     We  have  been  contacted  by  parties  seeking to merge and/or acquire the
Company.  In  the  event the Company does enter into a merger and/or acquisition
with  a separate company, the Company's majority shareholders will likely change
and  new shares of common stock would be issued resulting in dilution to current
shareholders.  As  a result, the Company's new majority shareholders will likely
change  the  composition  of  the  Company's  Board of Directors and replace the
Company's  management.  The  new  management  will  likely  change the Company's
business  focus  and  the  Company can make no assurances that the Company's new
management  will be able to properly manage the direction of the Company or that
this  change  in the Company's business focus will be successful. If the Company
does  enter into a merger or acquisition, and the Company's new management fails
to  properly  manage  and direct the Company, the Company may be forced to scale
back  or  abandon  its  operations,  which will cause the value of the Company's
Common  Stock to decline. The Company will continue with its current business in
the  event  a  merger  or  acquisition  is  not  completed.

     WE  HAVE  A  LIMITED  OPERATING  HISTORY  AND BECAUSE OF THIS IT MAY BECOME
DIFFICULT  TO  EVALUATE  OUR  CHANCE  FOR  SUCCESS

     We  were  formed  as  a  Nevada  corporation  in  February 2004. Aside from
organizational costs incurred, we have not incurred significant expenses to date
but  do  have a limited operating history which includes construction management
and  consulting  agreements that have generated a small amount of fees. As such,
it  may  be  difficult  to evaluate our business prospects. We were considered a
development  stage  company until the quarter ended October 31, 2004, and we are
new to our business, which means we need to arrange new agreements, raise needed
capital,  and  pay expenses and general administrative fees. Although we have an
experienced  president  and significant talents in our consultants, we are a new
Company  and,  as such, run a real risk of not being able compete because of our
relatively  short  existence.  New  companies  in the competitive environment of
construction,  real estate and consulting often do not survive without a history
of  projects and contacts. Without our efforts to market our business, we may be
forced  to close and go out of business. Under such a circumstance, the value of
any  investment  in  College  Oak  Investments,  Inc.  may  become  worthless.

     WE  DEPEND  ON  CAREY  BIRMINGHAM, OUR SOLE DIRECTOR AND OFFICER, AND IF WE
LOSE  HIM,  WE  WILL  FACE  SIGNIFICANT  HURDLES  TO  CONTINUING  OPERATION

     Our  performance  is  substantially  dependent  on the performance of Carey
Birmingham,  our  sole  officer  and director. The loss of the services of Carey
Birmingham  will  have  a  material  adverse  effect on our business, results of
operations  and  financial condition. In addition, the absence of Mr. Birmingham
will  force us to seek a replacement who may have less experience or who may not
understand  our  business  as  well,  or  we  may not be able to find a suitable
replacement.  Without  the  expertise  of  Mr.  Birmingham,  or an immediate and
qualified  successor,  we  may  be  forced  to  curtail  operations or close the
business  entirely,  making  the  value  of  any  investment  in  College  Oak
Investments,  Inc.  worthless.  In  addition,  we  relay  on  Mr.  Birmingham's
discretion  in  the direction of our business and the agreements he enters into.

<PAGE>

     THE  TWO  FOUNDERS  OF  OUR  COMPANY  POSSESS  SIGNIFICANT CONTROL OVER THE
COMPANY'S OPERATIONS, AND BECAUSE OF THIS THEY MAY CHOOSE A PLAN OF ACTION WHICH
WILL  DEVALUE  THE  COMPANY'S  OUTSTANDING  SECURITIES

     Our  executive  officer and director, along with our co-founder David Loev,
control  87% of our outstanding Common Stock. Accordingly, our executive officer
and  co-founder  possess  significant  influence  over  the  Company  on matters
submitted  to  the stockholders for approval. These matters include the election
of  directors,  mergers, consolidations, the sale of all or substantially all of
our  assets,  and  also  the power to prevent or cause a change in control. This
amount  of  control  by  our  founders gives them virtually limitless ability to
determine the future of our Company, and as such, they may unilaterally elect to
close  the  business, change the business plan or make any number of other major
business  decisions  without  the  approval  of  shareholders.  This control may
eventually  make  the  value  of any investment in College Oak Investments, Inc.
worthless.

     NO  MARKET  CURRENTLY  EXISTS  FOR  OUR  COMMON  STOCK

     We currently lack a market for the Company's Common Stock. Because of this,
it is hard to determine exactly how much our securities are worth. This makes an
investment  in  our Company very speculative. As a result of the lack of market,
it  is  hard to judge how much our securities are worth. Because of the illiquid
nature  of  our  shares,  any investment in the Company may become worthless. In
addition, even if a market does develop for our shares it is likely that it will
be  illiquid  and  sporadic.

     WE  HAVE  NOT AND DO NOT ANTICIPATE PAYING ANY CASH DIVIDENDS ON OUR COMMON
STOCK,  BECAUSE  OF  THIS  OUR  SECURITIES  COULD FACE DEVALUATION IN THE MARKET

     We  have  paid  no cash dividends on our Common Stock to date and it is not
anticipated  that any cash dividends will be paid to holders of our Common Stock
in  the  foreseeable  future.  While  our  dividend  policy will be based on the
operating  results and capital needs of the business, it is anticipated that any
earnings  will  be retained to finance our future expansion. As an investor, you
should  take  note  of the fact that a lack of a dividend can further affect the
market  value  of  our  stock,  and  could significantly affect the value of any
investment  in  our  Company.

     OUR  COMPANY  HAS  INDEMNIFIED  ITS SOLE OFFICER AND DIRECTOR SO IT WILL BE
DIFFICULT  TO  SEEK  DAMAGES  FROM  HIM  IN  A  LAWSUIT

     Our  Bylaws  provide that the officers and directors will only be liable to
the Company for acts or omissions that constitute actual fraud, gross negligence
or  willful  and  wanton  misconduct.  Thus, we may be prevented from recovering
damages  for  certain  alleged errors or omissions by the officers and directors
for  liabilities  incurred  in  connection  with  their  good faith acts for the
Company.  Such an indemnification payment might deplete our assets. Stockholders
who  have  questions  respecting  the  fiduciary obligations of our officers and
directors  should  consult with independent legal counsel. It is the position of
the Securities and Exchange Commission that exculpation from and indemnification
for  liabilities  arising  under  the  1933  Act  and  the rules and regulations
thereunder  is  against  public  policy  and  therefore  unenforceable.

<PAGE>

     You  should  carefully  consider the above risk factors and warnings before
making  an  investment decision. The risks described above are not the only ones
facing  us.  Additional  risks  that  we do not yet know of or that we currently
think  are  not  material  may  also  have  an  adverse  effect  on our business
operations.  If  any of those risks or any of the risks described above actually
occur,  our business could be adversely affected. In that case, the price of our
common stock could decline, and you could lose all or part of your investment in
the  Company.

ITEM 3.   CONTROLS AND PROCEDURES

     (a)  Evaluation of disclosure controls and procedures.  Our chief executive
officer  and  chief financial officer, after evaluating the effectiveness of the
Company's  "disclosure  controls  and  procedures" (as defined in the Securities
Exchange  Act of 1934 Rules 13a-15(e) and 15d-15(e)) as of the end of the period
covered by this quarterly report (the "Evaluation Date"), have concluded that as
of the Evaluation Date, our disclosure controls and procedures were adequate and
designed  to  ensure  that  material information required to be disclosed by the
Company  in  the reports that it files or submits under the Exchange Act of 1934
is  1)  recorded,  processed,  summarized  and reported, within the time periods
specified  in  the  Commission's  rules  and  forms;  and  2)  accumulated  and
communicated  to him as appropriate to allow timely decisions regarding required
disclosure.

     (b)  Changes  in  internal  control over financial reporting. There were no
significant  changes in our internal control over financial reporting during our
most  recent  fiscal quarter that materially affected, or were reasonably likely
to  materially  affect,  our  internal  control  over  financial  reporting.

                           PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

     As of the date of filing of this report, the Company was not a party to any
legal proceedings involving the Company.

ITEM 2.  CHANGES IN SECURITIES

     During  the  first quarter of our 2005 fiscal year, we issued 18,000 shares
of  the  Company's  Common  Stock,  which  were  not registered under the act to
individuals  in  consideration for $1,800.  The Company claims an exemption from
registration  provided  by  Rule  506  of  Regulation  D and section 4(2) of the
Securities  Act of 1933, as amended.  No advertising or general solicitation was
employed in offering the securities.  The sales were made to a limited number of
persons  and  the  Company  made  independent  determinations  that all of these
individuals  were  sophisticated  investors,  and  that  they  were  capable  of
analyzing  the  merits  and  risks  of  their  investment.

<PAGE>


ITEM 3.   DEFAULTS UPON SENIOR SECURITIES

None.

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

None.

ITEM 5.  OTHER INFORMATION

On  January  14,  2005,  the Company's Chief Executive Officer, Carey Birmingham
transferred  40,000 of his shares of the Company's Common Stock to thirteen (13)
individuals  as  gifts  ("Transfers"). Those Transfers included 13,000 shares to
Mr.  Birmingham's father, 2,000 shares to Mr. Birmingham's former stepson, 2,000
shares  to  Mr.  Birmingham's  former wife, and 2,000 shares to the president of
SPV,  of  which  the  Company  owns  a  3.0%  interest.  The  remaining nine (9)
transferee's  were  personal  friends  of  Mr.  Birmingham.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

a)     Exhibits

     Exhibit No.       Description

        31.1*          Certificate of the Chief Executive
                       Officer pursuant Section 302 of the
                       Sarbanes-Oxley Act of 2002

        32.1*          Certificate of the Chief Executive
                       Officer and Chief Financial Officer
                       pursuant to Section 906 of
                       the Sarbanes-Oxley Act of 2002
 *     Filed Herein.

b)     Reports on Form 8-K

     The  Company  filed  no reports on Form 8-K during the fiscal quarter ended
January  31,  2005.

<PAGE>

                                   SIGNATURES

     In  accordance  with  Section 13 or 15(d) of the Securities Exchange Act of
1934,  the  Registrant  caused  this  report  to  be signed on its behalf by the
undersigned,  thereunto  duly  authorized.

                                             College Oak Investments, Inc.

DATED: March 3, 2005                          By: /s/ Carey G. Birmingham
                                              ------------------------
                                                Carey G. Birmingham
                                                Chief Executive Officer and
                                                Chief Financial Officer

<PAGE>