UNITED STATES 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 March 31, 2003.

[ ] Transition  report under Section 13 or 15(d) of the  Securities  Exchange
    Act of 1934 (No fee required) for the transition period from _____________
    to  _______________.



                         TECHNOL FUEL CONDITIONERS, INC.
                         -------------------------------
                 (Name of Small Business Issuer in Its Charter)


                      Primary Standard Industrial
 Oregon               Classification Code Number          22-3084979
 -----------          ---------------------------       ---------------
 (State of                       2911                   I.R.S. Employer
 Incorporation)                                       Identification No.)


                              One Main Street, #405
                               Eatontown, NJ              07724
                           ----------------------------------------
               (Address of Principal Executive Offices) (Zip Code)

                                  800-645-4033
                                 --------------
                (Issuer's Telephone Number, Including Area Code)


Check whether the issuer:  (1) filed all reports required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 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 [ ] No [X]

The number of shares outstanding of Registrant's common stock ($0.001 par value)
as of the quarter ended March 31, 2003, is 19,675,000.





<PAGE>


                                TABLE OF CONTENTS

PART I

                                                                        Page


ITEM 1.  FINANCIAL STATEMENTS................................................ 3

ITEM 2.  BUSINESS AND PLAN OF OPERATION...................................... 3

ITEM 3.  CONTROLS AND PROCEDURES............................................. 4

                                     PART II

ITEM 1.  LEGAL PROCEEDINGS................................................... 4

ITEM 2.  CHANGES IN SECURITIES............................................... 4

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES..................................... 4

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

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.................................... 4

SIGNATURES................................................................... 5




                                       2
<PAGE>

PART I

ITEM 1.  FINANCIAL STATEMENTS

         Unless otherwise  indicated,  the term "Company" refers to Technol Fuel
Conditioners,  Inc. and its  subsidiaries  and  predecessors.  The  accompanying
consolidated  unaudited  condensed  financial  statements  have been prepared by
management in accordance with the instructions in Form 10-QSB and, therefore, do
not  include all  information  and  footnotes  required  by  generally  accepted
accounting  principles  and  should,  therefore,  be  read in  conjunction  with
Company's Annual Report to Shareholders on Form 10-KSB for the fiscal year ended
December  31,  2002.  These  statements  do  include  all the  normal  recurring
adjustments  which  the  Company  believes  is  necessary  and  affords  a  fair
presentation.  The interim results are not necessarily indicative of the results
for the full year ending December 31, 2003. Accordingly,  consolidated unaudited
interim  financial  statements,  including a balance sheet for the Company as of
the fiscal  quarter ended March 31, 2003,  and,  statements  of  operations  and
statements  of cash flows for the interim  period up to the date of such balance
sheet and the comparable period of the preceding fiscal year are attached hereto
as Pages F-1 through F-4 and are incorporated herein by this reference.

ITEM 2. BUSINESS AND PLAN OF OPERATION

         Technol Fuel Conditioners,  Inc., a New Jersey based  corporation,  was
established in 1965 to manufacture,  package,  market and distribute  unique and
technologically superior lubricants, fuel improvers,  surfactants and detergents
to aid in the fight against  environmental  pollution.  Today,  Technol combines
established  product  lines to  achieve  this goal and is  equipped  to  present
advanced  lubrication,  superior fuel  stabilizers  and  detergents  for today's
automotive aftermarket,  gas and diesel engines,  equipment and heavy industrial
machinery.  On March 6, 2000, at a meeting of the  Directors,  key employees and
shareholders,  it was  unanimously  agreed to alter the company's name. The name
"Technol" was trademarked with the United State Office of Patents and Trademarks
in 1991 and has been owned by Technol every since. The name "OTC,"  representing
"Oil Technology Corporation," used by the previous ownership was abbreviated and
been  adopted  by  Technol  under  the  new  ownership.  It  was  agreed  at the
aforementioned  meeting  that the company  name should  indicate  its product or
service.  As such,  the company  officially  changed  its name to "Technol  Fuel
Conditioners,  Inc." which became  effective on June 15, 2000.  As the owner and
manufacturer  of  environmentally-friendly  fuel  treatments  and  conditioners,
Technol Fuel Conditioners,  Inc.'s products are specifically  designed to reduce
emissions,  and lower  maintenance  and fuel costs.  Technol has been focused on
improving fuel quality, and thereby, the performance, handling, and economics of
fuel products,  and to aid in regulatory compliance with the requirements of the
Environmental  Protection  Agency  (EPA),  the  Occupational  Safety  &  Hazards
Administration (OSHA) and the Bureau of Mines.

Capital Resources and Liquidity

         During the quarter ended March 31, 2003,  the Company did not issue any
shares of its common stock.

Results of Operations

         For the three month period ended March 31, 2003, the Company  sustained
a loss of  ($33,171)or  ($0.00)  per share  (basic  and  diluted)  on revenue of
$98,246.  For the  comparable  period of 2002,  the Company  sustained a loss of
($61,734) or ($0.00) per share  (basic and  diluted) on revenue of $34,213.  The
Company  continues  to make  efforts to reduce  expenses  while  maintaining  or
increasing fiscal productivity.


                                       3
<PAGE>

ITEM 3. CONTROLS AND PROCEDURES

(a) Evaluation of Disclosure Controls and Procedures.

Within the 90 days prior to the date of this report,  the Company carried out an
evaluation,  under the supervision and with the  participation  of the Company's
management, including the Company's Chief Executive and Chief Financial Officer,
of the  effectiveness  of the design and operation of the  Company's  disclosure
controls and  procedures  pursuant to Exchange Act Rule 13a-14.  Based upon that
evaluation,  the Chief Executive and Chief Financial  Officer concluded that the
Company's  disclosure  controls and procedures are effective in timely  alerting
him to material  information  required to be included in the Company's  periodic
SEC filings relating to the Company (including its consolidated subsidiaries).

(b) Changes in Internal Controls.

There were no significant changes in the Company's internal controls or in other
factors that could  significantly  affect these internal controls  subsequent to
the date of our most recent evaluation.


                                     PART II

ITEM 1.  LEGAL PROCEEDINGS

         We are not aware of any material  pending legal  proceeding to which we
are a party or of which any of our property is the subject.  We are not aware of
our Company's  involvement in violations of Federal,  State or local statutes or
ordinances with environmental protection.

ITEM 2. CHANGES IN SECURITIES

         During  the  quarter  ended  March 31,  2003,  there were no changes in
securities.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

         During the quarter  ended March 31, 2003,  there were no defaults  upon
senior securities.


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

         During  the  quarter  ended  March  31,  2003,  there  were no  matters
submitted to a vote of the Company's shareholders.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

         During  the  quarter  ended  March  31,  2003,  there  were no  matters
submitted on Form 8-K.

         Exhibit 31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO
                        18 U.S.C. SECTION 1350


         Exhibit 32.1 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS
                        ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY
                        ACT OF 2002


                                       4
<PAGE>


                                   SIGNATURES

         Pursuant to the  requirements of Section 12 of the Securities  Exchange
Act of 1934, the  registrant has duly caused this quarterly  report to be signed
on its behalf by the  undersigned,  thereunto duly  authorized  this 30th day of
September, 2003.


TECHNOL FUEL CONDITIONERS, INC.


By: /s/  Melvin Hooper
   -----------------------------
         Melvin Hooper,
         President















                                       5
<PAGE>









                         Technol Fuel Conditioners, Inc.
                              Financial Statements
                   for the Three Months Ended March 31, 2003





























6
<PAGE>

                         Technol Fuel Conditioners, Inc.
                                  BALANCE SHEET
                                 March 31, 2003


ASSETS

Current Assets
    Cash                                                    $     6,658
    Accounts receivable                                          26,606
    Inventory                                                    14,776
    Prepaid expenses                                                410
                                                            -----------
       Total Current Assets                                      48,450

Property and equipment, net of $23,589
    accumulated depreciation                                          0
                                                            -----------
       TOTAL ASSETS                                         $    48,450
                                                            ===========

LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities
    Accounts payable                                        $     8,369
    Accrued expenses                                            238,266
    Line of credit from a related party                         125,165
    Loans payable to stockholders                               803,291
                                                            -----------
       TOTAL LIABILITIES                                      1,175,091
                                                            -----------
Commitments

STOCKHOLDERS' DEFICIT

    Common stock, $.001 par, 700,000,000 authorized,
       19,675,000 issued and outstanding                         19,675
    Paid in capital                                             528,625
    Retained deficit                                         (1,674,941)
                                                            -----------
       Total Stockholders' Deficit                           (1,126,641)
                                                            -----------
       TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT          $    48,450
                                                            ===========

                                      F-1
<PAGE>


                         Technol Fuel Conditioners, Inc.
                            STATEMENTS OF OPERATIONS
               For the Three Months Ended March 31, 2003 and 2002





                                                    2003              2002
                                                  --------          --------
Revenues                                          $ 98,246          $ 34,213

Cost of sales                                       43,846            20,982
                                                  --------          --------
Gross margin                                        54,400            13,231

Selling, general and administrative                 29,738            53,266
                                                  --------          --------
       Operating loss                               24,662           (40,035)

    Interest expense                               (57,833)          (21,699)
                                                  --------          --------
       NET LOSS                                   $(33,171)         $(61,734)
                                                  ========          ========

Basic and diluted loss per common share              $(.00)            $(.00)

Weighted average common shares
    outstanding                                 19,675,000        19,675,000







                                      F-2

<PAGE>


                         Technol Fuel Conditioners, Inc.
                            STATEMENTS OF CASH FLOWS
               for the Three Months Ended March 31, 2003 and 2002


                                                           2003         2002
                                                         --------     --------
CASH FLOWS FROM OPERATING ACTIVITIES
    Net loss                                             $(33,171)    $(61,734)
    Adjustments to reconcile net loss to net
      cash used in operating activities:
        Depreciation                                         --            518
      Net change in:
        Accounts receivable                                13,900       18,384
        Inventory                                           2,821        5,687
        Other current assets                                 --            (70)
        Accounts payable                                  (43,040)     (13,637)
        Accrued expenses                                   55,300       14,202
                                                         --------     --------
NET CASH USED IN OPERATING ACTIVITIES                      (4,190)     (36,650)
                                                         --------     --------

CASH FLOWS FROM FINANCING ACTIVITIES
    Net proceeds (repayments) from line of credit            --         (5,000)
    Proceeds from notes to stockholders                      (221)      37,000
                                                         --------     --------

NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES             (221)      32,000
                                                         --------     --------
NET CHANGE IN CASH                                         (4,411)      (4,650)
CASH BALANCES
    -Beginning of period                                   11,069        4,650
                                                         --------     --------
    -End of period                                       $  6,658     $      0
                                                         ========     ========

                                      F-3
<PAGE>


                         Technol Fuel Conditioners, Inc.
                          NOTES TO FINANCIAL STATEMENTS


NOTE 1 - BASIS OF PRESENTATION

The  accompanying   unaudited  interim  financial  statements  of  Technol  Fuel
Conditioners,  Inc.  ("Technol") have been prepared in accordance with generally
accepted  accounting  principles  and the rules of the  Securities  and Exchange
Commission ("SEC"), and should be read in conjunction with the audited financial
statements and notes thereto  contained in Technol's  latest annual report filed
with the SEC on Form  10KSB.  In the  opinion of  management,  all  adjustments,
consisting of normal recurring adjustments, necessary for a fair presentation of
financial  position  and the  results  of  operations  for the  interim  periods
presented  have been  reflected  herein.  The results of operations  for interim
periods are not  necessarily  indicative  of the results to be expected  for the
full year. Notes to the financial statements which would substantially duplicate
the  disclosure  contained in the audited  financial  statements for fiscal year
2002, as reported in the 10KSB, have been omitted.








                                      F-4



































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