UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                      Washington, DC 20549

                           FORM 10-QSB
 QUARTERLY REPORT FOR SMALL BUSINESS ISSUERS SUBJECT TO THE 1934
                   ACT REPORTING REQUIREMENTS

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

For the quarterly period ended September 30, 2001
Commission File No. 000-30059






                       BENNETT REED, INC.
     (Exact name of registrant as specified in its charter)







Nevada                                            86-0930440
(State of organization) (I.R.S. Employer Identification No.)

16810 E. Avenue of the Fountains, #200
Fountain Hills, Arizona 85268
(Address of principal executive offices)

Registrant's telephone number, including area code (602) 837-0017

Check whether the issuer (1) filed all reports required to be
file by Section 13 or 15(d) of the Exchange Act during the past
12 months and (2) has been subject to such filing requirements
for the past 90 days.  No X

There are 3,000,000 shares of common stock outstanding as of
November 14, 2001.

                PART I - FINANCIAL INFORMATION

ITEM 1.   FINANCIAL STATEMENTS


                 Michael L. Stuck C.P.A., P.C.
                7585 E. Redfield Road, Ste 201
                     Scottsdale, AZ. 85260
                         480-607-1084



                                              October 29, 2001



Board of Directors and Stockholders
Bennett-Reed, Inc.
Fountain Hills, Arizona

      We  have  compiled  the accompanying balance  sheets  of
Bennett-Reed, Inc. as of September 30, 2001 and September  30,
2000,  and  the  related  statements  of  income,  changes  in
stockholders'  equity  and cash flows  for  the  periods  then
ended,  in  accordance  with the Statement  of  Standards  for
Accounting   and  Review  Services  issued  by  the   American
Institute of Certified Public Accountants.

      A  compilation is limited to presenting in the  form  of
financial statements information that is the representation of
management.   We have not audited or reviewed the accompanying
financial  statements  and  supplementary  information,   and,
accordingly,  do not express an opinion or any other  form  of
assurance on them.

      As  discussed  in Note 1, the Company has  been  in  the
development  stage since its inception on February  25,  1998.
Realization  of the major portion of its assets  is  dependent
upon  the  Company's  ability to  meet  its  future  financing
requirements,  and  the  success of  future  operations.   The
accompanying financial statements have been prepared  assuming
that the Company will continue as a going concern.

      We  audited the financial statements for the year  ended
December 31, 2000, and we expressed an unqualified opinion  on
the statements in our report dated February 14, 2001.  We have
not performed any auditing procedures since that date.



                     Bennett - Reed, Inc.
               (a development stage enterprise)
                        Balance Sheets
 September 30, 2001, September 30, 2000 and December 31, 2000
<Table>

                          <c>             <c>             <c>
                                       Unaudited               Audited
                              September 30,  September 30,  December 31,
                                  2001           2000           2000
                                ---------     ----------     ----------
                                 ASSETS
CURRENT ASSETS
   Cash                       $       -          $       -      $       -

PROPERTY AND EQUIPMENT                -                  -              -
                              ---------         ----------     ----------
                              $       -          $       -      $       -
                              =========         ==========     ==========

                  LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
   Loan payable               $     900          $     900      $     900

STOCKHOLDER'S EQUITY
Common stock, $.001 par
value, 20,000,000, shares
authorized, 3,000,000 shares
issued
and outstanding                   3,000              3,000          3,000

Preferred stock, $.001 par
value, 5,000,000, shares
authorized,
no shares issued and
outstanding                           -                  -              -
Deficit accumulated
during development stage        (3,900)            (3,900)        (3,900)
                              ---------         ----------     ----------
     Total stockholders'          (900)              (900)          (900)
equity
                              ---------         ----------     ----------
                              $       -          $       -      $       -
                              =========         ==========     ==========
</Table>
See accompanying accountant's report.
The accompanying notes are an integral part of these
statements.
                               Bennett-Reed, Inc.
                        (a development stage enterprise)
                              Statements of Income
      For the Three Months Ended September 30, 2001 and September 30, 2000,
       and the Nine Months Ended September 30, 2001 and September 30, 2000
                        The Year Ended December 31, 2001
       and the Period February 25, 1998 (inception) to September 30, 2001
<Table>

                     <c>            <C>             <c>           <c>            <c>            <c>
                                  Unaudited                   Unaudited             Audited       February 25, 1998
                             Three Months Ended           Nine Months Ended        Year Ended       Inception to
                                September 30,               September 30,         December 31,     September 30,
                             2001          2000          2001          2000           2000             2001
                          ---------      --------      --------      -------       ----------     ------------

Revenue                 $        -         $       -    $       -     $        -     $        -     $        -

Cost of Sales                    -                 -            -              -              -              -
                        -----------        ----------    ---------     ----------    -----------    ----------
Gross Profit                     -                 -            -              -              -              -

Operating Expenses               -                 -            -              -              -              -
Filing Fees                      -                 -            -              -              -            300
Professional Fees                -                 -            -              -              -           3600
                        -----------        ----------    ---------     ----------    -----------    ----------
                                 -                 -            -              -              -          3,900
                        -----------        ----------    ---------     ----------    -----------    ----------
Net Income (Loss)
 before Income Taxes             -                 -            -              -              -        (3,900)

Income Taxes                     -                 -            -              -              -              -
                        -----------        ----------    ---------     ----------    -----------    ----------
Net Income (Loss)       $        -         $       -    $       -     $        -     $        -       $(3,900)
                        ===========        ==========    =========     ==========    ===========    ==========

Earnings Per Share
 of Common Stock        $        -         $       -    $       -     $        -     $        -
                        ===========        ==========    =========     ==========    ===========
</Table>
See accompanying accountant's report.
The accompanying notes are an integral part of these statements.


                               Bennett-Reed, Inc.
                        (a development stage enterprise)
                        Statement of Stockholders' Equity
                               September 30, 2001
<Table>

                      <c>          <c>           <c>            <c>           <c>            <C>           <c>
                                                                                                  Deficit
                                                                                                Accumulated
                                                                                   Paid in        During
                          Preferred       Stock        Common         Stock        Capital      Development
                            Stock        Amount        Stock         Amount         Amount         Stage        Total

Balance February 25,             -       $       -              -      $      -      $       -     $       -    $       -
1998

Stock issued                     -               -      3,000,000         3,000              -             -        3,000

Retained earnings (loss)         -               -              -             -              -       (3,000)      (3,000)
                         ---------       ---------    -----------     ---------     ----------     ---------    ---------
Balance December 31,             -               -      3,000,000         3,000              -       (3,000)            -
1998

Retained earnings (loss)         -               -              -             -              -             -            -
                         ---------       ---------    -----------     ---------     ----------     ---------    ---------
Balance December 31,             -               -      3,000,000         3,000              -       (3,000)            -
1999

Retained earnings (loss)         -               -              -             -              -         (900)        (900)
                         ---------       ---------    -----------     ---------     ----------     ---------    ---------
Balance December 31,             -               -      3,000,000         3,000              -       (3,900)        (900)
2000

Retained earnings (loss)         -               -              -             -              -             -            -
                         ---------       ---------    -----------     ---------     ----------     ---------    ---------
Balance September 30,
2001                             -       $       -      3,000,000       $ 3,000      $       -     $ (3,900)   $    (900)
                         =========       =========    ===========     =========     ==========     =========    =========
</Table>
See accompanying accountant's report.
The accompanying notes are an integral part of these statements.


                               Bennett-Reed, Inc.
                        (a development stage enterprise)
                            Statements of Cash Flows
      For the Three Months Ended September 30, 2001 and September 30, 2000,
       and the Nine Months Ended September 30, 2001 and September 30, 2000
                        The Year Ended December 30, 2000,
       and the Period February 25, 1998 (inception) to September 30, 2001
<Table>

                                 <c>              <c>             <c>             <c>             <c>               <C>
                                               Unaudited                      Unaudited                Audited     February 25, 1998
                                     Three Months Ended September    Nine Months Ended September   The Year Ended   (inception) to
                                                  30,                             30
                                          2001            2000           2001           2000      December 31, 2000  September 30,
                                                                                                                         2001
                                        --------        --------       --------       ---------       --------        ----------
Net income (loss)                       $      -            $     -         $    -      $       -        $       -         $ (3,900)
  Adjustments to reconcile
   net income to net cash provided
   by operating activities:
     Loan payable                              -                  -              -              -                -               900
                                     -----------          ---------      ---------     ----------      -----------        ----------
Cash Used in Operations                        -                  -              -              -                -           (3,000)
                                     -----------          ---------      ---------     ----------      -----------        ----------
Cash Used in Investing Activities              -                  -              -              -                -                 -
                                     -----------          ---------      ---------     ----------      -----------        ----------
Cash Provided by Financing
Activities
  Stock issued                                 -                  -              -              -                -             3,000
                                     -----------          ---------      ---------     ----------      -----------        ----------
Net Change in Cash                             -                  -              -              -                -                 -

Beginning Balance                              -                  -              -              -                -                 -
                                     -----------          ---------      ---------     ----------      -----------        ----------
Ending Cash Balance                     $      -            $     -         $    -      $       -        $       -         $       -
                                     ===========          =========      =========     ==========      ===========        ==========
</Table>
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Professional fees incurred by the Company were paid directly by a shareholder of
the Company.

See accompanying accountant's report.
The accompanying notes are an integral part of these statements.

                       BENNETT - REED, INC.
                (a development stage enterprise)
                  Notes to Financial Statements
   September 30, 2001, December 31, 2000 and September 30, 2000



NOTE 1.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         Description of Operations
         The  Company was organized under the laws of  the  state
         of  Nevada  in 1998 and is authorized to do business  in
         the  United  States.  The Company has  no  revenue  from
         operations  during the period covered by this  financial
         statement.

         Method of Accounting
         These  financial statements are prepared on the  accrual
         basis   of   accounting  in  accordance  with  generally
         accepted  accounting principles.  Consequently, revenues
         are  recognized when earned and expenses are  recognized
         when the obligation is actually incurred.

         Income Taxes and Cash Flows
         The  Company accounts for income taxes and the statement
         of  cash  flows in accordance with Financial  Accounting
         Standards Board Statement No. 109 and No. 95.

         Cash and Cash Equivalents
         Cash  and  cash  equivalents include all  highly  liquid
         investments  with  a maturity of three  months  or  less
         when purchased.

  NOTE 2:  CASH

         The Company has no bank accounts at this time.

  NOTE 3 - EARNINGS PER SHARE

         Earnings  per  share has been computed by  dividing  net
         income/(loss) by the weighted average number  of  common
         shares  outstanding for the period.  There are no  items
         which  are deemed to be common stock equivalents  during
         the audit period.

  NOTE 4: COMMON STOCK

         As   of  September  30,  2001,  December  31,  2000  and
         September 30, 2000, the Company had 3,000,000 shares  of
         common stock, par value $0.001, issued and outstanding.

  NOTE 5 - LEASE COMMITMENTS

         The  Company currently has no commitments for leases  or
         contingencies.

  NOTE 6 - USE OF ESTIMATES

         The  preparation of financial statements  in  conformity
         with  Generally Accepted Accounting Principles  requires
         management  to  make  estimates  and  assumptions   that
         affect   certain   reported  amounts  and   disclosures.
         Accordingly,  actual  results could  differ  from  these
         estimates.





ITEM 2.   MANAGEMENT'S PLAN OF OPERATION

NOTE REGARDING PROJECTIONS AND FORWARD LOOKING STATEMENTS

This   report   contains  statements  that  are   forward-looking
statements  within  the meaning of the federal  securities  laws.
These   include  statements  about  our  expectations,   beliefs,
intentions  or  strategies for the future, which we  indicate  by
words  or  phrases  such  as  "anticipate,"  "expect,"  "intend,"
"plan,"  "will," "believe" and similar language. These statements
involve  known and unknown risks, including those resulting  from
economic  and  market conditions, the regulatory  environment  in
which  we  operate,  competitive activities, and  other  business
conditions, and are subject to uncertainties and assumptions  set
forth  elsewhere  in  this  registration  statement.  Our  actual
results  may differ materially from results anticipated in  these
forward-looking   statements.   We   base   our   forward-looking
statements  on  information currently available  to  us,  and  we
assume no obligation to update these statements.

                        Plan of Operation

The  Company's Plan of Operation has not changed since the filing
of  its  Form  10-SB filed with the SEC on March  22,  2000.  The
description  of the current plan of operation is incorporated  by
reference to Section 2 of its Form 10-SB.

                           Competition

The  Company will remain an insignificant participant  among  the
firms  which engage in the acquisition of business opportunities.
There are many established venture capital and financial concerns
which   have   significantly  greater  financial  and   personnel
resources  and technical expertise than the Company. In  view  of
the  Company's combined extremely limited financial resources and
limited management availability, the Company will continue to  be
at   a  significant  competitive  disadvantage  compared  to  the
Company's competitors.

                            Employees

The  Company has no full time or part-time employees. None of the
officers  and directors anticipates devoting more than ten  (10%)
percent  of his or her time to Company activities. The  Company's
President and Secretary have agreed to allocate a portion of said
time  to  the  activities of the Company,  without  compensation.
These officers anticipate that the business plan of the Company 8
can  be  implemented by their devoting minimal time per month  to
the  business affairs of the Company and, consequently, conflicts
of interest may arise with respect to the limited time commitment
by  such  officers. See "Item 5 - Directors, Executive  Officers,
Promoters and Control Persons - Resumes" on the Form 10-SB  filed
with the SEC on March 22, 2000.

                   PART II - OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS

The  Company  is  not  a  party  to any  material  pending  legal
proceedings and, to the best of its knowledge, no such action has
been threatened by or against the Company.

ITEM 2.   CHANGES IN SECURITIES AND USE OF PROCEEDS

No issues of securities and no changes in the existing securities
took place during the period covered by this report.  At the  end
of  the  quarter  there  were 3,000,000 shares  of  common  stock
outstanding.

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

No such matters were submitted during the most recent quarter.

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

EXHIBITS

a)     The  exhibit  consisting  of  the  Company's  Articles  of
  Incorporation is attached to the Company's Form 10-SB, filed on
  March 22, 2000. This exhibit is incorporated by reference to that
  Form.

b)    The  exhibit consisting of the Company's Bylaws is attached
  to  the Company's Amended Form 10-SB, filed on March 22,  2000.
  This exhibit is incorporated by reference to that Form.

Reports on Form 8-K:  None

                           SIGNATURES

Pursuant  to  the  requirements of Section 12 of  the  Securities
Exchange  Act  of  1934,  the Registrant  has  duly  caused  this
registration  statement  to  be  signed  on  its  behalf  by  the
undersigned, thereunto duly authorized.



                           Bennett Reed, Inc.



                           By:/s/ Bruce Eaton
                              Bruce Eaton, President



                           Date: November 14, 2001