SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                  FORM 1O-QSB


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

                  For the quarterly period ended September 30, 2000

                                       OR

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

         For the transition period from _____________ to ______________

                         Commission File Number: 0-29743


                          TRANSAMERICAN HOLDINGS, INC.
            --------------------------------------------------------
             (Exact name of Registrant as Specified in its Charter)


                NEVADA                                       77-0434471
   ----------------------------                    ---------------------------
   (State or other jurisdiction                    (IRS Identification Number)
         of incorporation)

                             9601 Wilshire Boulevard
                                    Suite 620
                             Beverly Hills, CA 90210
                                 (310) 271-4159
    ------------------------------------------------------------------------
                          (Address, including zip code,
                  and telephone number, including area code, of
                    Registrant's principal executive offices)
 -------------------------------------------------------------------------------



Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) or the Securities Exchange Act of 1934 during
the  preceding 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 [ ]

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock as the latest practicable date: As of September 30, 2000

          16,059,090 shares of Common Stock, $.001 par value per share.
 -------------------------------------------------------------------------------
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<PAGE>









                           TRANSAMERICAN HOLDINGS,INC.

                                      INDEX

Part I.   Financial Information..............................................3
   Item 1.   Financial Statements............................................3
                    Balance Sheets...........................................3
                    Statement of Operations..................................4
                    Statement of Changes in Stockholders' Equity.............5
                    Statement of Cash Flows..................................6
                    Notes to Financial Statements............................7
   Item 2 - Management's Discussion and Analysis of Financial Condition
   and Results of Operation..................................................8
Part II.   Other Information.................................................9
   Item 2     Changes in the Rights of the Company's Security Holders........9
Signatures...................................................................9
Exhibit 27..................................................................10
































                                       2
<PAGE>
                          PART I. FINANCIAL INFORMATION

Item 1.   Financial Statements
                          TRANSAMERICAN HOLDINGS, INC.
                        (A DEVELOPMENT STAGE ENTERPRISE)

                       BALANCE SHEET - SEPTEMBER 30, 2000
                                   (UNAUDITED)
                                     Assets
   Current asset -
   ---------------
     cash                                                         $   1,191,119

   Other Assets:
   Loan Receivable                                       10,000
   Deposits                                              10,000
   Furniture and Fixtures                                 4,000
   Office Equipment                                       4,186
                                                  -------------
     Total other assets                                                  28,186
                                                                  -------------
   Total Assets                                                   $   1,219,305
                                                                  =============

                      Liabilities and Stockholders' Equity

   Current liabilities:
   Advances payable and accrued expenses                          $      14,193

   Stockholders' Equity:
   Common stock; $.001 par value,
   100,000,000 shares authorized,
   16,059,090 shares issued and outstanding
   as of June 30, 2000                                   16,059
   Additional paid in capital                         1,513,657
   Deficit accumulated during development stage        (324,604)
                                                   ------------
     Total stockholders' equity                                       1,205,112
                                                                  -------------
                                                                  $   1,219,305
                                                                  =============







                  See notes to unaudited financial statements.








                                       3
<PAGE>
                          TRANSAMERICAN HOLDINGS, INC.
                        (A DEVELOPMENT STAGE ENTERPRISE)

                            STATEMENTS OF OPERATIONS
<TABLE>
<S>                                    <C>             <C>                 <C>                  <C>                <C>

                                       For the           For the              For the             For the
                                  nine months ended   nine months ended  three months ended  three months ended  From inception
                                    September 30,       September 30,       September 30,       September 30,    to September 30,
                                        2000              1999                  2000                1999                 2000
                                   -----------------  ----------------   -------------------  ------------------  -----------------
                                       (unaudited)     (unaudited)          (unaudited)          (unaudited)
Revenues                               $         -     $         -         $            -       $            -     $            -

Cost of sales                                    -               -                      -                    -                  -
                                       ------------    ------------        ---------------      ---------------    ---------------
Gross profit                                     -               -                      -                    -                  -
Operating expenses                         319,504               -                135,121                    -            324,604
                                       ------------    ------------        ---------------      ---------------    ---------------
Net loss                               $  (319,504)    $         -         $     (135,121)      $            -     $     (324,604)
                                       ============    ============        ===============      ===============    ===============
Net loss per share, basic and diluted  $     (0.02)    $         -         $        (0.01)      $            -
                                       ============    ============        ===============      ===============
Weighted average common equivalent
 shares outstanding                     14,009,069       3,352,603             16,056,699            3,352,603
                                       ============    ============        ===============      ===============
</TABLE>













See notes to unaudited financial statements.















                                       4
<PAGE>
                          TRANSAMERICAN HOLDINGS, INC.
                        (A DEVELOPMENT STAGE ENTERPRISE)

                       STATEMENTS OF STOCKHOLDERS' EQUITY
<TABLE>
<S>                                    <C>          <C>          <C>              <C>            <C>
                                             Common Stock         Additional      Accumulated
                                             ------------
                                          Shares      Amount    Paid-in Capital     Deficit         Total
Balance at December 31, 1998              ------      ------    ---------------     -------         -----
(Restated for 400:1 stock split)        2,000,000   $  2,000     $    3,000       $   (5,000)    $        -
                                                                                                                          -
Common stock issued
for cash during November 1999             100,000        100                                            100

Common stock issued for services
rendered during November 1999           9,200,000      9,200                                          9,200

Net loss for the year ended
December 31, 1999                               -          -              -             (100)          (100)
                                      -----------   --------     ----------       ----------     ----------
Balance at December 31, 1999           11,300,000     11,300          3,000           (5,100)         9,200

Common stock issued
for cash during March 2000              1,095,090      1,095        296,450                         297,545

Common stock issued for
services rendered                         350,000        350         94,150                          94,500

Common stock issued
for cash during April 2000                454,000        454        226,546                         227,000

Common stock issued
for cash during May 2000                2,400,000      2,400        697,600                         700,000

Common stock issued
for cash during June 2000                 350,000        350        142,150                         142,500

Common stock issued
for cash during July 2000                 110,000        110         53,761                -         53,871

Net loss for the nine months
ended September 30, 2000 (unaudited)            -          -              -         (319,504)      (319,504)
                                      -----------   --------     ----------       ----------     ----------
Balance at September 30, 2000
         (unaudited)                   16,059,090   $ 16,059     $1,513,657       $ (324,604)    $1,205,112
                                      ===========   ========     ==========       ==========     ==========
</TABLE>







See notes to unaudited financial statements.

                                       5
<PAGE>
                          TRANSAMERICAN HOLDINGS, INC.
                        (A DEVELOPMENT STAGE ENTERPRISE)

                            STATEMENTS OF CASH FLOWS

                INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

<TABLE>
<S>                                            <C>                     <C>                   <C>
                                                   For the                For the
                                             nine months ended       nine months ended     From inception to
                                              September 30, 2000     September 30, 1999    September 30, 2000
                                             -------------------     ------------------    ------------------
                                                  (Unaudited)             (Unaudited)           (Unaudited)

Net loss                                       $      (319,504)        $            -        $     (324,604)
Items reconciling net loss to cash
  used by operating activities:
Noncash expenses from stock issuances                   94,500                      -                99,600

Changes in operating assets and liabilities:
     Loan  receivable                                  (10,000)                     -               (10,000)
     Deposits                                          (10,000)                     -               (10,000)
     Advances payable and accrued expense                4,193                      -                 4,193
                                               ---------------         --------------        --------------
Net cash used by operating activities                 (240,811)                     -              (240,811)
                                               ---------------         --------------        --------------
CASH FLOWS FROM INVESTING ACTIVITIES -
  payments to acqure property and equipment             (8,186)                     -                (8,186)
                                               ---------------         --------------        --------------
Net cash used for investing activities                  (8,186)                     -                (8,186)
                                               ---------------         --------------        --------------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Increase in loan payable                              10,000                      -                10,000
  Proceeds from sale of common stock, net            1,420,917                      -             1,430,117
                                               ---------------         --------------        --------------
Net cash provided by(used for)financing activities   1,430,917                      -             1,440,117
                                               ---------------         --------------        --------------
Net increase (decrease) in cash                      1,181,919                      -             1,191,119

Cash, beginning of period                                9,200                      -                     -
                                               ---------------         --------------        --------------
Cash, end of period                            $     1,191,119         %            -        $    1,191,119
                                               ===============         ==============        ==============
Supplemental disclosure of non-cash
financing activities:
   Noncash compensation from stock issuances   $        94,500         $            -        $       99,600
                                               ===============         ==============        ==============
</TABLE>





See notes to unaudited financial statements.


                                       6
<PAGE>
         Note 1-Basis of Presentation

         The Consolidated  condensed interim financial statements include herein
have been  prepared by the  Company,  without  audit,  pursuant to the rules and
regulations of the Securities and Exchange  Commission.  Certain information and
footnote  disclosures  normally included in the financial statements prepared in
accordance with the generally accepted accounting principles have been condensed
or omitted pursuant to such rules and regulations, although the Company believes
that  the  disclosures  are  adequate  to make  the  information  presented  not
misleading.

         These  statements   reflect  all  adjustments,   consisting  of  normal
recurring  adjustments  which,  in the opinion of management,  are necessary for
fair  presentation of the information  contained  therein.  It is suggested that
these consolidated  condensed  financial  statements be read in conjunction with
the  financial  statements  and notes thereto  included in the Company's  annual
report on Form 10-KSB for the year ended December 31, 1999. The Company  follows
the same accounting policies in preparation of interim reports.

         Results of  operations  for the interim  periods are not  indicative of
annual results.




































                                       7
<PAGE>
Item 2.  Management's Discussion and Analysis or Plan of Operation

         The Company's current cash assets decreased slightly from $1,286,362 as
of June 30, 2000 to $1,191,119 as of September  30, 2000.  The Company  received
cash as a  result  of the  sale of  additional  shares  of  Common  Stock by the
Company.  All  issuance of shares were made in  compliance  with all  applicable
securities laws.

                  Total expenses increased to $319,504 for the nine months ended
September  30,  2000.   The  increase  in  expenses   resulted   primarily  from
professional  fees  incurred  by the  Company  in its review of  businesses  for
acquisition.

         Although  the  Company  has not yet  finalized  the  acquisition  of an
on-going  business,  the Company has executed a Heads of Terms Agreement (Letter
of  Intent)  to  acquire  49% of  KMK  Restaurants,  Ltd.,  a UK  company.  This
transaction  is  expected  to be  completed  in the first  quarter  of 2001.  In
addition, the Company is in discussions for the acquisition of other businesses.
Although no agreements  have been executed at this time, the Company  expects to
have these negotiations concluded by the end of the year.

         Presently,  the Company has no earnings  from  operations.  The Company
will  continue to sustain  nominal  losses until the Company  acquires an income
generating  business.  The Company has sufficient  working  capital to cover its
operating costs until an on-going business is acquired.

FORWARD LOOKING INFORMATION

         This Quarterly Report on Form 10-Q contains forward-looking  statements
within the meaning of that term in the Private Securities  Litigation Reform Act
of  1995  (Section  17A of the  Securities  Act of 1933  an  Section  21E of the
Securities  Exchange Act of 1934).  Additional  written or oral  forward-looking
statements  may be made by the  Company  from time to time in  filings  with the
Securities and Exchange  Commission or otherwise.  Statements  contained  herein
that are not historical  facts are  forward-looking  statements made pursuant to
the safe harbor provisions referenced above.

         Forward-looking   statements  are  inherently   subject  to  risks  and
uncertainties,  some of which cannot be predicted or quantified based on current
expectations.  Consequently,  future  events and  actual  results  could  differ
materially  from  those  set  forth  in,  contemplated  by,  or  underlying  the
forward-looking  statements  contained in this Quarterly  Report.  Statements in
this Quarterly Report,  particularly in the Notes to Financial  Statements,  and
"Part 1, Item 2, Management's Discussion and Analysis of Financial Condition and
Results of  Operations,"  describe  certain  factors,  among others,  that could
contribute to or cause such differences.

         Readers   are   cautioned   not  to  place   undue   reliance   on  any
forward-looking  statements  contained  herein,  which speak only as of the date
hereof.  The Company  undertakes no obligation to publicly release the result of
any revisions to these  forward-looking  statements  that may be made to reflect
events or  circumstances  after the date hereof or to reflect the  occurrence of
unexpected events.




                                       8
<PAGE>
                           PART II. OTHER INFORMATION

Item 2.     Changes in Securities and Use of Proceeds.

         (c) During July 2000, the Company issued 110,000 shares of common stock
at $.50 per share to two  "accredited"  investors.  The  investors  are personal
friends of the Company's Chief Executive Officer, Mr. Choufani.   Each  investor
is  a sophisticated investor  and are capable of evaluating the merits and risks
of the purchase of the shares.  Each investor is not a United States citizen and
the  shares  were  not offered to them in the United States.  Accordingly,  this
issuance was deemed to be exempt  from  registration  pursuant  to Section  4(2)
and/or Regulation S of the Securities Act of 1933.  The shares are deemed  to be
restricted  and the stock  certificates  have been affixed with the  appropriate
legend restricting sales and transfers.

Item 6.     Exhibits and Reports on Form 8-K -

     (a)   Exhibits

                Exhibit
                Number      Description
                -------     -----------
                  27        Financial Data Schedule

     (b)   Reports on Form 8-K

            None




SIGNATURES

Pursuant  to the  requirement  of the  Securities  Exchange  Act  of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                                TRANSAMERICAN HOLDINGS, INC.
                                                Registrant



Date:  November 20, 2000                       /s/ Michael Savage
                                               ---------------------------------
                                               Michael Savage
                                               President










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