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
                                  May 31, 2002

   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 000-29901

                              BURNAM MANAGEMENT INC
             (Exact name of registrant as specified in its charter)



           Delaware                                    98-0220849
(State or other jurisdiction of                     (I.R.S. Employer
incorporation or organization)                      Identification No.)


                     128 April Rd., Port Moody, B.C. V3H3M5
               (Address of principal executive offices (zip code))

                                  604/469-8901
              (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) filed all reports  required to
be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 during
the last 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 equity, as of the latest practicable date.


             Class                         Outstanding at May 31, 2002

Common Stock, par value $0.0001                    5,000,000

<PAGE>

PART I -- FINANCIAL INFORMATION



         STEPHEN J. BUSH, C.A.
         Chartered Accountant
         Port Moody B.C.
         Canada


         ACCOUNTANT'S REVIEW REPORT

The Board of Directors
Burnam Management Inc.
Port Moody B.C.

I have  reviewed the  accompanying  balance sheet of Burnam  Management  Inc. (a
Development  Stage Company),  as of May 31, 2002, and the related  statements of
operations,  stockholders' equity, and cash flows for the quarterly period ended
May 31, 2002. The review was conducted in accordance with Canadian Statements on
Standards for accounting  standards.and  Review  Services issued by the Canadian
Institute of Chartered  Accountants.  There are no significant  differences from
generally accepted accounting  principles in the United States and the rules and
regulations   promulgated  by  the   Securities   and  Exchange   Commission.All
information  included in these financial statements is the representation of the
management of Burnam Management Inc.

A review consists  principally of inquiries of Company  personnel and analytical
procedures  applied to financial data. It is substantially less in scope than an
audit in accordance with generally accepted auditing standards, the objective of
which is the expression of an opinion  regarding the financial  statements taken
as a whole. Accordingly, I do not express such an opinion.

Based on my review, I am not aware of any material  modifications that should be
made  to the  accompanying  financial  statements  in  order  for  them to be in
conformity with generally accepted accounting principles.

The financial  statements  for the period ended March 6, 2000 were audited by me
and I expressed an unqualified opinion on it in my report dated March 9, 2000. I
have not performed any auditing procedures since that date.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company will continue as a development  stage  company.  As discussed in Note 1,
the Company has been in the  development  stage since its  inception on March 3,
2000.  The  Company's  ability to commence  operations  is  contingent  upon its
ability to identify a prospective  target business and raise the capital it will
require  through  the  issuance  of equity  securities,  debt  securities,  bank
borrowings or a combination thereof. The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.

         /s/ Stephen J. Bush,C.A.
         ------------------------
         Chartered Accountant
         Port Moody,B.C.
         July 5, 2002,

<PAGE>

                          ITEM 1. FINANCIAL STATEMENTS

                              BURNAM MANAGEMENT INC
                          (A DEVELOPMENT STAGE COMPANY)
                                  Balance Sheet
                                  May 31, 2002
                                   (Unaudited)
            (With unaudited figures at Feb. 28, 2002 for comparison)

                                     ASSETS


                                                     Feb. 28,2002    May 31,2002
                                                     ------------   ------------

Incorporation Costs                                  $        210   $        210
                                                     ------------   ------------

TOTAL ASSETS                                         $        210   $        210
                                                     ------------   ------------



                     LIABILITIES AND STOCKHOLDER'S EQUITY



LIABILITIES

   Total liabilities                                 $        --    $        --
                                                     ------------   ------------




STOCKHOLDER'S EQUITY

   Common Stock, $.0001 par value, 100 million
    shares authorized, 5,000,000 issued
    and outstanding                                           210            210
   Deficit accumulated during development stage              --             --


     Total Stockholder's Equity                               210            210
                                                     ------------   ------------

TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY           $        210   $        210
                                                     ------------   ------------



                See accompanying notes to financial statements.

<PAGE>

                              BURNAM MANAGEMENT INC
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF OPERATIONS
                                  May 31, 2002
                                   (unauditd)

              (With audited figures at Feb. 28,2002 for comparison)


                                                     Feb. 28,2002    May 31,2002
                                                     ------------   ------------

Income                                               $       --     $       --

Expenses

Organization expense                                         --             --


Total expenses                                               --             --
                                                     ------------   ------------


NET LOSS                                             $       --     $       --
                                                     ------------   ------------




                See accompanying notes to financial statements.


<PAGE>

                              BURNAM MANAGEMENT INC
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF CHANGES IN
                              STOCKHOLDER'S EQUITY
                               Ended May 31, 2002
                                   (unaudited)
              (With audited figures at Feb. 28,2002 for comparison)

                                                      Deficit
                                                    Accumulated
                                       Common      During Devel-
                                       Stock        opment Stage       Total
                                   -------------   -------------   -------------

Common stock issuance              $         210   $        --     $         210

Net losses: For the period
ended May 31,2002                            --             --               --


For the period
ended May 31, 2002                           --             --               --

BALANCE AT May 31, 2002            $         210   $        --     $         210
                                   -------------   -------------   -------------

                              BURNAM MANAGEMENT INC
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF CASH FLOWS
                                  May 31, 2002
                                   (unaudited)
              (With audited figures at Feb. 28,2002 for comparison)

CASH FLOWS FROM                                     Feb. 28,2002    May 31,2002
OPERATING ACTIVITIES:                               ------------   -------------
Net loss                                            $       --     $        --
Adjustment to reconcile net loss to
net cash used by operating activities:

 Net cash used in operating activities                      --              --
                                                    ------------   -------------

CASH FLOWS FROM INVESTING ACTIVITIES

  Capitalized incorporation costs                           --              --
                                                    ------------   -------------



CASH FLOWS FROM FINANCING ACTIVITIES:

   Proceeds from issuance of common stock                   --              --
                                                    ------------   -------------

 Net cash provided by financing activities                  --              --
                                                    ------------   -------------

INCREASE(DECREASE) IN CASH
AND CASH EQUIVALENTS                                $       --              --

CASH AND CASH EQUIVALENTS
BEGINNING OF PERIOD                                         --              --
                                                    ------------   -------------

CASH AND CASH EQUIVALENTS
END OF PERIOD                                       $       --     $        --
                                                    ------------   -------------

                See accompanying notes to financial statements.
<PAGE>

                             BURNAM MANAGEMENT, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                               AS OF MAY 31, 2002

NOTE  1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     1.   SIGNIFICANT ACCOUNTING POLICIES

          A.   Basis of presentation
          --------------------------

          The  financial  statements  have  been  prepared  in  accordance  with
          generally accepted accounting principles in Canada and are reported in
          US  dollars,  the  Company's   functional   currency.   There  are  no
          significant  differences from generally accepted accounting principles
          in the United States and the rules and regulations  promulgated by the
          Securities and Exchange Commission. Amounts reported in the statements
          of  operations  and  deficit and cash flows for the  quarterly  period
          ended May 31, 2002.

          B.   Organization and Business Operations
          -----------------------------------------

          Burnam Management,  Inc. (a development stage company) ("the Company")
          was incorporated in Delaware on March 3, 2000 to serve as a vehicle to
          effect a merger, exchange of capital stock, asset acquisition or other
          business  combination with a domestic or foreign private business.  At
          May 31, 2002,  the Company had not yet commenced  any formal  business
          operations,  and  all  activity  to  date  relates  to  the  Company's
          formation and proposed fund raising.

          The Company's  ability to commence  operations is contingent  upon its
          ability  to  identify  a  prospective  target  business  and raise the
          capital it will  require  through the  issuance of equity  securities,
          debt securities, bank borrowings or a combination thereof.

          C.   Use of Estimates
          ---------------------

          The  preparation  of  the  financial  statements  in  conformity  with
          generally accepted  accounting  principles requires management to make
          estimates and assumptions  that affect the reported  amounts of assets
          and liabilities and disclosure of contingent assets and liabilities at
          the date of the  financial  statements  and the  reported  amounts  of
          revenues and expenses  during the  reporting  period.  Actual  results
          could differ from those estimates.

          D.   Cash and Cash Equivalents
          ------------------------------

          For purposes of the statement of cash flows, the Company considers all
          highly liquid investments purchased with an original maturity of three
          months or less to be cash equivalents.

          E.   Income Taxes
          -----------------

          The Company  accounts for income taxes under the Financial  Accounting
          Standards Board of Financial Accounting Standards No. 109, "Accounting
          for Income Taxes" ("Statement 109"). Under Statement 109, deferred tax
          assets and liabilities are recognized for the future tax  consequences




<PAGE>

                             BURNAM MANAGEMENT, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                               AS OF MAY 31, 2002

NOTE  1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT'D)
------------------------------------------------------------

          E.   Income Taxes - Cont'd
          --------------------------

          attributable to differences  between the financial  statement carrying
          amounts of existing assets and  liabilities  and their  respective tax
          basis.  Deferred tax assets and liabilities are measured using enacted
          tax rates  expected  to apply to taxable  income in the years in which
          those  temporary  differences are expected to be recovered or settled.
          Under Statement 109, the effect on deferred tax assets and liabilities
          of a change in tax rates is  recognized  in income in the period  that
          includes the enactment date.  There were no current or deferred income
          tax  expenses or benefits  due to the Company not having any  material
          operations for the period ended May 31, 2002.

          F.   New Accounting Pronouncements
          ----------------------------------

          The Financial  Accounting  Standards Board has recently issued several
          new  accounting  pronouncements.  Statement  No. 129,  "Disclosure  of
          Information  about  Capital  Structure"   establishes   standards  for
          disclosing  information  about  an  entity's  capital  structure,   is
          effective for financial  statements  for periods ending after December
          15,  1998 and has been  adopted by the  Company.  Statement  No.  130,
          "Reporting  Comprehensive  Income" establishes standards for reporting
          and  display  of  comprehensive  income  and  its  components,  and is
          effective  for  fiscal  years   beginning  after  December  15,  1997.
          Statement No. 131,  "Disclosures  about  Segments of an Enterprise and
          Related  Information"  establishes  standards  for the way that public
          business  enterprises  report  information about operating segments in
          annual financial statements and requires that those enterprises report
          selected  information  about operating  segments in interim  financial
          reports  issued to  shareholders.  It also  establishes  standards for
          related disclosures about products and services, geographic areas, and
          major customers, and is effective for financial statements for periods
          beginning  after  December 15,  1997.  The Company  believes  that its
          adoption of Statements 130 and 131 will not have a material  effect on
          the Company's financial position or results of operations.

<PAGE>

                             BURNAM MANAGEMENT, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                               AS OF MAY 31, 2002


NOTE  2 - STOCKHOLDER'S EQUITY
------------------------------

          A.   Common Stock
          -----------------

          The Company is authorized to issue 100,000,000  shares of common stock
          at $.0001 par value.  The Company  issued  5,000,000  shares to Gerald
          Ghini,  a  director  of the  Company,  pursuant  to  Rule  506  for an
          aggregate consideration of $210.


          B.   STOCKHOLDER'S EQUITY cont.
          -------------------------------

          At inception  the Company  issued  5,000,000  shares of its $.0001 par
          value  common  stock to an officer as  reimbursement  of  organization
          costs paid by the  officer.  Fair value used for this  transaction  of
          $210 is based upon the actual cost of incorporation.






NOTE  3 - RELATED PARTIES
-------------------------


          Legal counsel to the Company is a Director of the Company .

          The Company  has  entered  into an  agreement  with  Gerald  Ghini for
          services in exchange for shares of the Company's  common stock.  Other
          than  incorporation  services there have been no services  provided by
          Gerald  Ghini  through  the date of this  report.  When  services  are
          provided, the Company will value the stock at the fair market value of
          the shares or at the value of the services provided, whichever is more
          readily determinable.


                                   SIGNATURES

          Pursuant to the  requirements 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.

                                  BURNAM MANAGEMENT INC

                                  By:  /s/  Gerald Ghini
                                     -------------------
                                     Gerald Ghini, President

                                     Dated:  July 5, 2002.