`Nevada                                                                         75-2912201
-------------------------------------                                          -------------------------------------
(State or other jurisdiction of                                                         (IRS Employer
 incorporation or organization)                                                          Identification No.)`

As of June 30, 2002 the Company had 2,000,000 shares of Common Stock issued and
outstanding.

`March 31,            June 30,
                                                                                       2002               2001
                                                                                    -----------    -----------
                                                                                                       (Unaudited)
CURRENT ASSETS
   Cash                                                                               $   2,630          $  26,191
   Accounts Receivable                                                                      100                100
   Inventories, at lower of cost
     (principally specific identification) or market                                     26,354             26,354
                                                                                      ---------          ---------

              TOTAL CURRENT ASSETS                                                    $  29,084          $  52,645
                                                                                      =========          =========


                                            LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY

CURRENT LIABILITIES
   Accrued Liabilities                                                                $   4,258          $   3,178
   Stockholder Payable                                                                   25,153              2,252
                                                                                      ---------          ---------

              TOTAL CURRENT LIABILITIES                                                  29,411              5,430
                                                                                      ---------          ---------

STOCKHOLDERS' (DEFICIT) EQUITY
   Common Stock $0.001 Par Value; Authorized 20,000,000 Shares;
     Issued and Outstanding 1,010,000 and 2,000,000
     Shares, Respectively                                                                 1,010              2,000
   Paid-In-Capital                                                                       17,690             67,850
   Deficit Accumulated during the Development Stage                                     (19,027)           (22,635)
                                                                                      ---------          ---------

              TOTAL STOCKHOLDERS' (DEFICIT) EQUITY                                         (327)            47,215
                                                                                      ---------          ---------

              TOTAL LIABILITIES AND STOCKHOLDERS'
                  (DEFICIT) EQUITY                                                    $  29,084          $  52,645
                                                                                      =========          =========`

`For the Three Months Ended
                                                                                              June 30,
                                                                                  --------------------
                                                                                       2002                    2001
                                                                                  ------------              -------
REVENUES
   Antiques and Furnishings                                                        $         -              $    14,929

COST OF REVENUES                                                                             -                   12,166
                                                                                   -----------              -----------

              GROSS PROFIT                                                                   -                    2,763
                                                                                   -----------              -----------

GENERAL AND ADMINISTRATIVE EXPENSES                                                      3,524                    5,523
                                                                                   -----------              -----------

              (LOSS) BEFORE OTHER EXPENSE AND
                  INCOME TAX                                                            (3,524)                  (2,760)
                                                                                   -----------              -----------

OTHER EXPENSE
   Interest Expense                                                                         84                      380
                                                                                   -----------              -----------

              (LOSS) BEFORE INCOME TAX                                                  (3,608)                  (3,140)

INCOME TAX                                                                                   -                        -
                                                                                   -----------              -----------

              NET LOSS                                                             $    (3,608)             $    (3,140)
                                                                                   ===========              ===========

WEIGHTED AVERAGE NUMBER OF COMMON SHARES                                             1,531,250                1,000,000
                                                                                   ===========              ===========

(LOSS) PER COMMON SHARE                                                            $      (.00)             $      (.00)
                                                                                   ===========              ===========`

`For the Three Months Ended
                                                                                               June 30,
                                                                                  ---------------------
                                                                                      2002                   2001
                                                                                  -----------             -------

CASH FLOW FROM OPERATING ACTIVITIES
   Net (Loss)                                                                     $   (3,608)             $   (3,140)
   Adjustments to Reconcile Net Loss to Net Cash
     From Operating Activities
       Contribution of Services and Rent                                               1,650                   1,650
     Changes in Current Assets and Liabilities
       Accounts Receivable                                                                 -                   1,014
       Inventory                                                                           -                  (3,743)
       Accrued Liabilities                                                            (1,080)                  1,408
                                                                                  ----------              ----------

              NET CASH FLOW USED BY
                OPERATING ACTIVITIES                                                  (3,038)                 (2,811)
                                                                                  ----------              ----------

CASH FLOW FROM FINANCING ACTIVITIES
   Change in Stockholder Payable                                                     (22,901)                  6,346
   Proceeds from Sale of Common Stock                                                 49,500                       -
                                                                                  ----------              ----------

              NET CASH FLOW PROVIDED BY
                FINANCING ACTIVITES                                                   26,599                   6,346
                                                                                  ----------              ----------

NET INCREASE IN CASH                                                                  23,561                   3,535

CASH AT BEGINNING OF PERIOD                                                            2,630                   3,465
                                                                                  ----------              ----------

CASH AT END OF PERIOD                                                             $   26,191              $   7,000
                                                                                  ==========              =========

SUPPLEMENTAL SCHEDULE OF CASH FLOW  INFORMATION
   Cash Flow Information
     Cash Paid During the Period For:
       Interest                                                                   $    1,602              $         -
                                                                                  ==========              ===========
       Income Taxes                                                               $        -              $         -
                                                                                  ==========              ===========`

NOTE 1: BASIS OF PRESENTATION

The accompanying unaudited
financial statements have been prepared in accordance with generally accepted
accounting principals for interim financial information and with the
instructions to Form 10-Q and Rule 10-01 of Regulations S-X. They do not include
all information and notes required by generally accepted accounting principals
for complete financial statements. However, except as disclosed, there has been
no material change in the information disclosed in the notes to financial
statements included in the Annual Report on Form 10-K of Karrison Compagnie,
Inc. for the year ended March 31, 2002. In the opinion of management, all
adjustments (consisting of normal recurring accruals) considered necessary for a
fair presentation have been included. Operating results for the three-month
period ended June 30, 2002, are not necessarily indicative of the results that
may be expected for the year ending March 31, 2003.

NOTE 2: PUBLIC OFFERING

On May 10, 2002, the Company completed its public offering and sold 1,000,000 shares of its common
stock. Net proceeds to the Company were $49,500.

ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

Revenue:  During the three months ended June 30, 2002, we generated  $0 in revenue
from sales as compared to $14,929 for the three months ended June 30, 2001.  The $14,919
decrease was due to the fact that we conducted no auctions or other sales during the three month
period ending June 30, 2002.

Expenses: During the three months ending June 30, 2002, we incurred $3,524 in expenses
compared to $17,689 for the three months ending June 30, 2001.  The $14,165 decrease was
primarily due to the fact that we conducted no auctions and had no expenses associated therewith.

Net Loss:   During the three months ending June 30, 2002, we generated $3,608 in losses
as compared to $3,140 for the three months ending June 30, 2001.  The $468 increase in losses
was primarily due to the fact that we conducted no auctions or other sales during the three month
period ending June 30, 2002 and, therefore, did not generate any revenues during this period.

Liquidity and Capital Resources:   Over the next twelve months we expect our primary
expenses to be acquisition of properties for sale, advertising costs associated with conducting our
sales, paying for the development and maintenance of our web page and perhaps paying a salary
to Ms. Nichols.  Our business plan is such that if we are successful in generating net profits from
our activities, we will acquire more properties, perhaps conduct more sales, hire additional staff and
attempt to grow our company in an orderly way.  On May 10, 2002, we successfully completed our
initial public offering raising $50,000 from fifty five (55) shareholders.  These funds will be used to
pay down the loan from Karrison Nichols and to fund our working capital needs.

We have signed a note with Ms. Nichols where she may loan up to $50,000 to our
company, although Ms. Nichols can choose whether or not she wants to make additional advances
under this note.  Other than this potential right to borrow from Ms. Nichols, we have no other
external sources of financing available.  However, the nature of our business is that with only a
small amount of money, we can continue in business and even potentially grow.  This is because,
due to the previous loan from our shareholder, we have some inventory that we can sell.  If we are
able to sell this inventory at a profit, we will generate more money that can be invested in inventory,
potentially exponentially increasing our asset base.  Although financing derived from the sale of our
shares can accelerate our growth, because we have only minimal expenses, we can survive with
little or no additional financing.

ITEM 1.  LEGAL PROCEEDINGS.

Not applicable.

ITEM 2.  CHANGES IN SECURITIES

Not applicable.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

Not applicable.

ITEM 4 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Not applicable.

ITEM 5.  OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(A)      Exhibits

See attached.

(B)      Reports on Form 8-K

The Company did not file any reports on Form 8-K during the quarter ended June
                  30, 2002.

In accordance with Section 13 or 15(a) of the Exchange Act, the Registrant has caused this
Report to be signed on its behalf by the undersigned, thereunto duly authorized on the 20TH day
of August, 2002.

We hereby consent to the use in the Quarterly Report on Form 10-QSB of our report
relating to the financial statements of Karrison Compagnie, Inc., which appear in such Quarterly
Report.