8

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

[X]  Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange
     Act  of  1934

     For  the  quarterly  period  ended  SEPTEMBER  30,  2002

[ ]  Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act
     of  1934

     For  the  transition  period  from  __________  to  __________

     Commission  File  Number  0-32905

                           AMANASU ENERGY CORPORATION
                           --------------------------
        (Exact name of Small Business Issuer as specified in its charter)

NEVADA                                                98  -  0347883
------------                                           --------------
(State  or other jurisdiction of                      (IRS Employer
incorporation)                                        Identification  No.)

                 701 FIFTH AVENUE, 36TH FLOOR, SEATTLE, WA 98109
                 -----------------------------------------------
                    (Address of principal executive offices)
                    ----------------------------------------

                                  206-262-8188
                                  ------------
                           (Issuer's telephone number)
                           ---------------------------

        _________________________________________________________________
     (Former name, former address and former fiscal year if changed since last
                                     report)


State the number of shares outstanding of each of the issuer's classes of common
equity,  as  of the latest practicable date:   41,247,816 SHARES OF COMMON STOCK
                                              ----------------------------------
ISSUED  AND  OUTSTANDING  AS  OF  NOVEMBER  13,  2002.
 -----------------------------------------------------

**Transitional  Small Business Disclosure Format (check one):  Yes [  ]   No [X]


                                        2
<PAGE>

PART  I  FINANCIAL  INFORMATION

ITEM  1.          FINANCIAL  STATEMENTS

GENERAL

The Company's unaudited financial statements for the nine months ended September
30, 2002 are included with this Form 10-QSB.  The unaudited financial statements
have  been  prepared  in  accordance  with  the instructions to Form 10-QSB and,
therefore, do not include all information and footnotes necessary for a complete
presentation  of  financial  position,  results  of  operations, cash flows, and
stockholders'  equity  in  conformity  with  generally  accepted  accounting
principles.  In  the opinion of management, all adjustments considered necessary
for a fair presentation of the results of operations and financial position have
been  included  and  all  such  adjustments  are  of  a normal recurring nature.
Operating  results  for  the  nine  months  ended  September  30,  2002  are not
necessarily  indicative  of the results that can be expected for the fiscal year
ending  December  31,  2002.

                                       F1
<PAGE>



                           AMANASU ENERGY CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                               SEPTEMBER 30, 2002
                                   (UNAUDITED)










                                 C O N T E N T S



                                                       Page
                                                       ----

Balance  Sheets                                            1

Statements  of  Operations  and  Deficit  Accumulated
During  Development  Stage                                 2

Statements  of  Cash  Flows                                4

Notes  to  Financial  Statements                           5


                                       F2
<PAGE>

                           AMANASU ENERGY CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                                 BALANCE SHEETS
                                   (UNAUDITED)

<TABLE>
<CAPTION>


                                                       As at           As at
                                                   September 30,    December 31,
                                                       2002             2001
                                                         $               $
<S>                                               <C>              <C>

ASSETS
-------
Current Assets:
   Cash. . . . . . . . . . . . . . . . . . . . .  $      252,998   $      35,287
                                                  ---------------  --------------
                   Total current assets. . . . .         252,998          35,287
                                                  ---------------  --------------
Fixed Assets:
    Automotive equipment . . . . . . . . . . . .          25,859          25,859
        Less accumulated depreciation. . . . . .           6,735           3,060
                                                  ---------------  --------------
                   Net fixed assets. . . . . . .          19,124          22,799
                                                  ---------------  --------------
Other Assets:
    Licensing agreement. . . . . . . . . . . . .         412,500
    Rent deposit . . . . . . . . . . . . . . . .           8,028           8,028
                                                  ---------------  --------------
                   Total other assets. . . . . .         420,528           8,028
                                                  ---------------  --------------
                   Total Assets. . . . . . . . .  $      692,650   $      66,114
                                                  ===============  ==============


LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------
Current Liabilities:
    Accounts payable . . . . . . . . . . . . . .  $        3,850   $           -
    Amount due for licensing agreement . . . . .         412,500               -
    Stockholder advance. . . . . . . . . . . . .             100             100
                                                  ---------------  --------------
                     Total current liabilities .  $      416,450   $         100
                                                  ---------------  --------------

Stockholders' Equity:
Common Stock, 100,000,000 shares of $0.001 . . .          27,058          27,048
par value; issued and outstanding 41,300,816
and 41,247,816, respectively
Additional Paid-in Capital . . . . . . . . . . .         582,439         317,492
Deficit accumulated during the development stage        (333,340)       (278,526)
                                                  ---------------  --------------
                      Total Stockholders' equity         276,200          66,014
                                                  ---------------  --------------
Total Liabilities and Stockholders' Equity . . .  $      692,650   $      66,114
                                                  ===============  ==============
</TABLE>



               These  statements should be read in conjunction with the year-end
               financial  statements.



                                       F3
<PAGE>
                           AMANASU ENERGY CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                      STATEMENTS OF OPERATIONS AND DEFICIT
                      ACCUMULATED DURING DEVELOPMENT STAGE
                                   (UNAUDITED)
<TABLE>
<CAPTION>


                         Nine Month Periods Ended September 30,    February 22, 1999
                                   2002          2001             (Date of Inception)
                                                                   To June 30, 2002

<S>                                 <C>          <C>                  <C>
Revenue:
     Interest income .              $      28     $    1,947           $   2,550
Expenses . . . . . . .                 16,955         31,332             335,890
                                    --------       ----------          ---------
Loss accumulated
    during development
     stage . . . . . .              $  (16,927)   $  (29,385)         $(333,340)
                                    -----------    -----------         ----------
Loss Per Share -
     Basic and Diluted              $         -   $          -
                                    ============  ============

Weighted average
    number of shares
    outstanding . . .               41,262,372    31,120,674
                                    ===========   ===========
</TABLE>










                    These  statements  should  be  read  in conjunction with the
                    year-end  financial  statements.


                                       F4
<PAGE>
                           AMANASU ENERGY CORPORATION
                          (A DEVELOPMENT STATE COMPANY)
                      STATEMENTS OF OPERATIONS AND DEFICIT
                      ACCUMULATED DURING DEVELOPMENT STAGE
                                   (UNAUDITED)
<TABLE>
<CAPTION>



                          Quarters Ended September 30,    February 22, 1999
                                 2002         2001           (Date of Inception)
                                                           To June 30, 2002

<S>                          <C>             <C>             <C>
Revenue:
     Interest income. .      $     264       $    1,367      $   25506
Expenses. . . . . . . .         38,151           16,302        335,890
                               --------      ----------       --------
Loss accumulated during
     development stage.      $ (37,887)      $  (14,935)     $(333,340)
                             ==========      ===========     ==========
Loss Per Share -
     Basic and Diluted.      $         -     $         -
                             ===========     ===========
Weighted average
     number of shares
     outstanding. . . .      41,271,482      40,826,564
                             ===========     ===========
</TABLE>
















                    These  statements  should  be  read  in conjunction with the
                    year-end  financial  statements.



                                       F5
<PAGE>
                           AMANASU ENERGY CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
<TABLE>
<CAPTION>


                                                  Nine Month Period           February 22, 1999
                                                 Ended September 30,         (Date of Inception)
                                                 2002           2001          To June 30, 2002

<S>                                              <C>            <C>            <C>
CASH FLOWS FROM OPERATIONS:
Net loss. . . . . . . . . . . . . . . . .        $    (54,814)  $    (29,385)  $(333,340)
Charges not requiring the outlay of cash:
       Depreciation . . . . . . . . . . .               3,675              -       6,735
       Services provided for common stock                   -         12,158      70,000
Changes in assets and liabilities:
Increase in accounts payable. . . . . . .               3,850              -       3,850
                                                 ------------   -------------  ----------
       NET CASH CONSUMED BY . . . . . . .             (47,289)       (17,227)   (252,755)
          OPERATING ACTIVITIES

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of automobile. . . . . . . . . .                   -              -     (25,859)
Rent deposit for warehouse lease. . . . .                   -              -      (8,028)
                                                 -------------  -------------  ----------

       NET CASH CONSUMED BY . . . . . . .                   -              -     (33,887)
                                                 -------------  -------------  ----------
          INVESTING ACTIVITIES
CASH FLOWS FROM FINANCING ACTIVITES:
Sales of common stock . . . . . . . . . .             265,000        274,540     539,540
Advances received in anticipation of. . .                   -            100         100
                                                 -------------  -------------  ----------
   common stock sales
       NET CASH PROVIDED BY FINANCING . .             265,000        274,640     539,640
                                                 -------------  -------------  ----------
         ACTIVITIES
Net change in cash. . . . . . . . . . . .             217,711        257,413     252,998
Cash balance, beginning of period . . . .              35,287              -           -
                                                 -------------  -------------  ----------
Cash balance, end of period . . . . . . .        $    252,998   $    257,413   $ 252,998
                                                 =============  =============  ==========
</TABLE>







                    These  statements  should  be  read  in conjunction with the
                    year-end  financial  statements.


                                       F6
<PAGE>
                           AMANASU ENERGY CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002
                                   (UNAUDITED)


1.     BASIS  OF  PRESENTATION

The  unaudited  interim financial statements of Amanasu Energy Corporation ("the
Company")  as  of  September  30,  2002  and  for the three month and nine month
periods ended September 30, 2002 and 2001, have been prepared in accordance with
generally  accepted  accounting  principles.  In the opinion of management, such
information  contains  all  adjustments,  consisting  only  of  normal recurring
adjustments,  necessary for a fair presentation of the results for such periods.
The  results of operations for the quarter and six month periods ended September
30,  2002  are  not necessarily indicative of the results to be expected for the
full  fiscal  year  ending  December  31,  2002.

Certain  information and disclosures normally included in the notes to financial
statements  have  been  condensed  or  omitted  as  permitted  by  the rules and
regulations  of  the  Securities  and  Exchange Commission, although the Company
believes  the  disclosure  is  adequate  to  make  the information presented not
misleading.  The  accompanying  unaudited financial statements should be read in
conjunction  with  the  financial  statements  of the Company for the year ended
December  31,  2001.

2.     LICENSE  ACQUISITION

On  September  30,  2002  the Company acquired the exclusive worldwide rights to
produce  and market a patented product known as Firebird PD 5000, which is a hot
water  boiler  that  collects  heat from waste tires.  As consideration for this
acquisition,  the  Company  is  obligated  to  pay $250,000 and to issue 650,000
shares  of  common  stock.

3.     COMMON  STOCK

During  the  nine  months  ended  September  30, 2002, the Company issued 53,000
shares  of  common  stock,  realizing  cash  proceeds  of  $265,000





                                        3
<PAGE>

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

Forward  Looking  Statements
----------------------------

This  report  on  Form 10-QSB contains certain forward-looking statements within
the  meaning  of section 21e of the Securities Exchange Act of 1934, as amended,
and  other  applicable securities laws.  All statements other than statements of
historical  fact  are  "forward-looking  statements"  for  purposes  of  these
provisions,  including any projections of earnings, revenues, or other financial
items; any statements of the plans, strategies, and objectives of management for
future  operation; any statements concerning proposed new products, services, or
developments;  any  statements  regarding  future  economic  conditions  or
performance;  statements  of belief; and any statement of assumptions underlying
any  of  the foregoing.  Such forward-looking statements are subject to inherent
risks  and  uncertainties, and actual results could differ materially from those
anticipated  by  the  forward-looking  statements.

The  following  discussion  should  be  read  in  conjunction with the Company's
Financial  Statements,  including the Notes thereto, appearing elsewhere in this
Quarterly  Report and in the Annual Report for the year ended December 31, 2001.

COMPANY  OVERVIEW

The  Company  was organized February 22, 1999.  Its operations to date have been
limited  to  obtaining  licensing  for  the production and sale of two products,
conducting preliminary marketing efforts, and conducting testing, for one of the
products.

PLAN  OF  OPERATIONS

The  Company  is  a  development  stage  corporation.  It  has not commenced its
planned  operations  of  manufacturing  and  selling  two products:  a toxic and
hazardous  waste  disposal  system,  and  a  hot  water  boiler.

During the year 2001, the Company obtained a license to manufacture and sell the
Amanasu  furnace,  a  toxic  waste  disposal  system.  On  September 30, 2002 it
obtained  a license to manufacture and sell a state of the art hot water boiler,
which  derives  its energy in a non-polluting chemical process from waste tires.

The  Company raised $274,540 during the year 2001 through the issuance of common
stock,  $200,000  of  which  was  the result of the exercise of 20,000,000 stock
purchase  options  by  the  Company's  president  and principal shareholder.  It
raised  an  additional  $265,000 through the issuance of common stock during the
first  nine  months  of  2002.  The  Company  intends  to  raise  approximately
$2,000,000 to $3,000,000 in the near future through the private placement of its
common stock.  The proceeds of such private placements will be used to construct
two  demonstrational units of its licensed proprietary Amanasu furnace, to fully
launch  the  marketing  and  sale of this product, and for other general working
capital  needs.  The  Company's  activities  over the next twelve months will be

                                        4
<PAGE>

devoted  to the construction of a limited number of demonstrational units of the
furnace,  the  hiring  of  a  limited  staff  to  conduct  its business, and the
commencement  of  marketing  activities;  it  will  also  explore  the means for
exploiting  its  newly  acquired  license  for  the  hot  water  boiler.

The  Company  has  entered  into  discussions with a number of private investors
concerning the private placement of its common stock.  At this time, however, it
has  not  received  commitments  from  any  source.  Although  the  Company  is
encouraged  by  its discussions, it cannot predict whether it will be successful
in  raising  capital,  which  capital  is  essential  to its plan of operations.

The  Company  expects  to outsource the construction and fabrication of units of
its  Amanasu  furnace  to  third  parties,  including the proprietary combustion
system  which will be manufactured by the inventor of the furnace at his factory
in  Hokkaido, Japan.  The Company expects the production cycle of its product to
be three to six months.  The Company believes that it can manufacture as many as
thirty  units  per  month  using  currently available manufacturing and assembly
resources  and  it  believes  the production and assembly resources of the third
parties will be sufficient to meet anticipated product demand of the next twelve
months.  Tests of the furnace have been conducted at a California facility which
is  expected  to  be  a primary source of manufacturing capability.   A total of
$44,000  was  spent  on  this  testing.  Marketing  efforts  are now in process.

During  the fourth quarter of 2002, the Company will explore the manner in which
it  will  produce  and  market  the  hot  water  boiler.

The  Company  will  require  a  minimum  of  $1,000,000  to  satisfy  its  cash
requirements of the next twelve months.  If the Company is successful in raising
this  money,  it  will commence production and marketing of units of the Amanasu
furnace  to  prospective  customers  in  the  Pacific  Rim.  If  the  Company in
successful  in  raising  the  projected  $2,000,000  to $3,000.000 from sales of
common  stock, management believes that this funding, along with bank borrowings
and  cash  flow from the sales of units, will enable the Company to commence the
full  scale  manufacture  and sale of this product.  The Company can not predict
whether it will be successful in its capital raising efforts.  If the Company is
not successful in raising $1,000,000, it may not be able to complete its plan of
operations.

The results of operations during the third quarter and first nine months of 2002
were  losses  of  $37,887  and  $54,814,  respectively,  compared with losses of
$14,935  and  $29,385  respectively,  in  the  comparable  2001  periods.


                                        5
<PAGE>

PART  II  -  OTHER  INFORMATION

Item  1.  Legal  Proceedings

          NONE

Item  2.  Changes  in  Securities  and  Use  of  Proceeds

          NONE

Item  3.  Defaults  Upon  Senior  Securities:

          NONE

Item  4.  Submission  of  Matters  to  a  Vote  of  Security  Holders:

          NONE

Item  5.  Other  Information:

          EFFECTIVE  NOVEMBER  13,  2002, THE COMPANY'S NAME HAS BEEN CHANGED TO
          AMANASU  ENVIRONMENT  CORPORATION.

Item  6.  Exhibits  and  Reports  on  Form  8K

          (a)  Exhibits

               99.1 Certification  of  Atsushi  Maki,  President  (Principal
                    Executive  Officer),  and Chief Financial Officer (Principal
                    Financial  Officer)  pursuant  to 18 U.S.C. Section 1350, as
                    adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
                    2002


          (b)  Reports  on  Form  8-K

               There  were  no Forms 8-K filed during the period of this report.


                                        6
<PAGE>
SIGNATURES

In  accordance  with the requirements of the Exchange Act, the registrant caused
this  report  to  be  signed  on  its  behalf by the undersigned, thereunto duly
authorized.

Dated:  November  13,  2002


                                        AMANASU  ENERGY  CORPORATION



                                        By: /s/  Atsushi  Maki
                                        ----------------------------------------
                                            Atsushi  Maki,  Chairman,  President
                                            and  Chief  Financial  Officer


                                        7
<PAGE>
                                                                    EXHIBIT 99.1



                             CERTICATION PURSUANT TO
                 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002



In  connection  with  the  Quarterly  Report  of AMANASU ENERGY CORPORATION (the
"Company") on Form 10-QSB for the period ending September 30, 2002 as filed with
the  Securities  and  Exchange  Commission on the date hereof (the "Report"), I,
Atsushi  Maki,  President  and  Chief Financial Officer of the Company, certify,
pursuant  to  18  U.S.C.  ss.  1350,  as  adopted  pursuant  to  ss.  906 of the
Sarbanes-Oxley  Act  of  2002,  that:

1.   I  have  reviewed  this  Report;

2.   based  on my knowledge, the Report does not contain any untrue statement of
     a  material  fact  or  omit  to state a material fact necessary to make the
     statements  made, in light of the circumstances under which such statements
     were made, not misleading with respect to the period covered by the Report;

3.   based  on  my  knowledge,  the  financial  statements,  and other financial
     information included in the Report, fairly present in all material respects
     the  financial  condition,  results  of  operations,  and cash flows of the
     registrant  as  of,  and  for,  the  periods  presented  in  the  Report;

4.   The  Company's  other  certifying  officers  and  I  are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in  Exchange  Act  Rules  13a-14  and  15d-14) for the Company and we have:

     a.   designed  such  disclosure  controls  and  procedures  to  ensure that
          material  information  relating  to  the  Company,  including  its
          consolidated  subsidiaries, is made known to us by others within those
          entities, particularly during the period in which this Report is being
          prepared;

     b.   evaluated  the  effectiveness of the Company's disclosure controls and
          procedures  as  of  a  date within 90 days prior to the filing date of
          this  Report  (the  Evaluation  Date");  and

     c.   presented  in  this  Report our conclusions about the effectiveness of
          the  disclosure  controls and procedures based on our evaluation as of
          the  Evaluation  Date;

                                        8
<PAGE>

5.   The  Company's other certifying officers and I have disclosed, based on our
     most  recent  evaluation, to the Company's auditors and the audit committee
     of  Company's  board  of  directors  (or  persons performing the equivalent
     function):

     a.   all  significant  deficiencies  in the design or operation of internal
          controls which could adversely affect the Company's ability to record,
          process,  summarize  and report financial data and have identified for
          the  Company's  auditors any material weaknesses in internal controls;
          and
     b.   any  fraud, whether or not material, that involves management or other
          employees  who  have  a  significant  role  in  the Company's internal
          controls;  and

6.   The Company's other certifying officers and I have indicated in this Report
     whether  or  not  there were significant changes in internal controls or in
     other  factors that could significantly affect internal controls subsequent
     to the date of our most recent evaluation, including any corrective actions
     with  regard  to  significant  deficiencies  and  material  weaknesses.


/s/  Atsushi  Maki
------------------
Atsushi  Maki,  President  and  Chief  Financial  Officer
(Principal  Executive  Officer  and  Principal  Financial  Officer)