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, 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 0-29905

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



     Delaware                                        98-0220848
(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, 2000

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
Raybor Management Inc.
Port Moody B.C.

I have reviewed the accompanying balance sheet of Raybor
Management Inc.  (a Development Stage Company), as of May 31,
2000, and the related statements of operations, stockholders'
equity, and cash flows for the quarterly period ended May 31,
2000.  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 Raybor
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.
         June 9, 2000


<PAGE>
ITEM 1.  FINANCIAL STATEMENTS
<TABLE>
                      RAYBOR MANAGEMENT INC
                  (A DEVELOPMENT STAGE COMPANY)
                          Balance Sheet
                          May 31, 2000
                          (Unaudited)
        (With audited figures at March 6, 2000 for comparison)

ASSETS
<CAPTION>
                                      March 6, 2000             May 31, 2000

<S>                                   <C>                        <C>
Incorporation Costs                   $     210                   $     -

TOTAL ASSETS                          $     210                   $     -

</TABLE>
<TABLE>
LIABILITIES AND STOCKHOLDER'S EQUITY
<CAPTION>
                                           March 6, 2000             May 31, 2000

<S>                                        <C>                         <C>
LIABILITIES
   Total liabilities                       $      -                    $     -


STOCKHOLDER'S EQUITY

   Common Stock, $.0001 par value,
   100 million shares authorized,
   5,000,000 issuedand outstanding               210                        210

   Deficit accumulated during
   development stage                              -                          -

   Total Stockholder's Equity                    210                        210

TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY       210                        210
<FN>
See accompanying notes to financial statements.
</TABLE>
<TABLE>
                       RAYBOR MANAGEMENT INC
                  (A DEVELOPMENT STAGE COMPANY)
                      STATEMENT OF OPERATIONS
                           May 31, 2000
                           (unaudited)

       (With audited figures at March 6,2000 for comparison)
<CAPTION>
                                             March 6, 2000               May 31, 2000
<S>                                          <C>                         <C>
Income                                       $      -                    $       -

Expenses

Organization expense                                -                            -


Total expenses                                      -                            -

NET LOSS                                     $      -                     $      -

<FN>
See accompanying notes to financial statements.
</TABLE>
<TABLE>
                           RAYBOR MANAGEMENT INC
                      (A DEVELOPMENT STAGE COMPANY)
                          STATEMENT OF CHANGES IN
                           STOCKHOLDER'S EQUITY
                            Ended May 31, 2000
                                (unaudited)
            (With audited figures at March 6, 2000 for comparison)

<CAPTION>
                                                      Deficit
                                                      Accumulated
                                             Common   During Devel-
                                             Stock    opment Stage      Total
<S>                                        <C>        <C>            <C>
Common stock issuance                      $   210    $     -        $   210

Net losses: For the period
ended March 6,2000                              -           -             -

For the period
ended May 31, 2000                              -           -             -

BALANCE AT May 31, 2000                    $   210    $     -        $   210
</TABLE>

<TABLE>
                           RAYBOR MANAGEMENT INC
                       (A DEVELOPMENT STAGE COMPANY)
                          STATEMENT OF CASH FLOWS
                               May 31, 2000
                                (unaudited)
              (With audited figures at March 6,2000 for comparison)

<CAPTION>
                                            March 6,2000                May 31,2000
<S>                                         <C>                         <C>
CASH FLOWS FROM
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                 (210)                        -

CASH FLOWS FROM FINANCING ACTIVITIES:

   Proceeds from issuance of common stock          210                         -

 Net cash provided by financing activities         210                         -

INCREASE(DECREASE) IN CASH
AND CASH EQUIVALENTS                                -                          -

CASH AND CASH EQUIVALENTS
BEGINNING OF PERIOD                                 -                          -

CASH AND CASH EQUIVALENTS
END OF PERIOD                                  $    -                    $     -

<FN>
 See accompanying notes to financial statements.
</TABLE>
<PAGE>
                             RAYBOR MANAGEMENT, INC.
                         (A DEVELOPMENT STAGE COMPANY)
                         NOTES TO FINANCIAL STATEMENTS
                              AS OF MAY 31, 2000

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  period ended May 31, 2000 are from the date of
     the Company's incorporation,  March 3, 2000.

 .
     B.  Organization and Business Operations

     Raybor 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, 2000, 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

<PAGE>
                         RAYBOR MANAGEMENT, INC.
                      (A DEVELOPMENT STAGE COMPANY)
                      NOTES TO FINANCIAL STATEMENTS
                           AS OF MAY 31, 2000

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



     E.  Income Taxes - Cont'd

     recognized for the future tax consequences 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, 2000.

     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>
                   RAYBOR MANAGEMENT, INC.
               (A DEVELOPMENT STAGE COMPANY)
               NOTES TO FINANCIAL STATEMENTS
                    AS OF MAY 31, 2000


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.

     In addition, the Company has an agreement with the
     Company's President to perform services without
     compensation.  There have been no services provided
     through the date of this report by the President.
     When such services are provided, the Company will
     record the services at their fair value as a
     capital contribution.

                                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 there
unto duly authorized.

RAYBOR MANAGEMENT INC



                                       By: /s/  Gerald Ghini

                                     Gerald Ghini, President

Dated:  June 12, 2000.