UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D. C. 20549

                                   FORM 10QSB

[X]  Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange
     Act of 1934 for the quarterly period ended March 31, 2001

[_]  Transition  report  pursuant  of  Section  13 or  15(d)  of the  Securities
     Exchange Act of 1939 for the transition period ____ to______

Commission File Number:    000-1109664

                               RUSSIAN IMPORTS.COM
                    -----------------------------------------
             (Exact name of registrant as specified in its charter)

              Nevada                                          91-2021602
------------------------------------                 --------------------------
(State or other jurisdiction of                      (Employer
incorporation or organization)                           Identification Number)

827 State Street, Suite 26,
Santa Barbara, CA                                                  93101
---------------------------------------                       -----------------
(Address of Principal Executive Offices)                        (Zip code)

Registrant's telephone number:  (805) 899 1299

Securities to be registered under Section 12(b) of the Act:

     Title of each class                                   Name of each exchange
                                                           on which registered
         None                                                      None
-----------------------------                              ---------------------

Securities to be registered under Section 12(g) of the Act:

                    Common Stock, $.0001 par value per share
                  ---------------------------------------------
                                (Title of class)


Copies of Communications Sent to:
                                    Mintmire & Associates
                                    265 Sunrise Avenue, Suite 204
                                    Palm Beach, FL 33480
                            Tel: (561) 832-5696      Fax: (561) 659-5371


<PAGE>



Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of 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
                               ---      ---


Of the 8,811,500 shares of voting stock of the registrant issued and outstanding
as of March 31, 2001, 401,500 shares are held by  non-affiliates.  The aggregate
market value of the voting and non- voting common equity held by  non-affiliates
(computed by reference to the price at which the common  equity was sold, or the
average  bid and asked  price of such  common  equity) as of March 31,  2001 was
$0.00 (for purposes of the foregoing  calculation only, each of the registrant's
officers and directors is deemed to be an affiliate).

Transitional Small Business Disclosure Format (check one):   Yes   No X

PART I. FINANCIAL INFORMATION

Item 1.  Financial Statements

         Balance Sheet....................................................F-2
         Statement of Operations..........................................F-3
         Statement of Cash Flows..........................................F-4
         Statement of Shareholders' Equity................................F-5
         Notes to Financial Statements....................................F-6










<PAGE>




<TABLE>
<CAPTION>
                               RUSSIAN-IMPORTS.COM
                          (A Development Stage Company)
                                 Balance Sheets


                                                                 March 31,         December31,
                                                                    2001               2000
                        ASSETS                                (Unaudited)
<S>                                                           <C>               <C>
Current Assets:
  Cash                                                        $              -  $                -
    Total Current Assets                                                     -                   -
                                                              ----------------  ------------------

TOTAL ASSETS                                                  $              -  $                -
                                                              ================  ==================

          LIABILITIES & STOCKHOLDERS' EQUITY
Current Liabilities:
                                                              $              -  $                -
    Total Current Liabilities                                                -                   -
                                                              ----------------  ------------------

Stockholders' Equity:
  Common stocks , $.001 par value
    Authorized shares; 100,000,000
    Issued and outstanding shares; 8,811,500                  $          8,812  $            7,012
    Paid in capital                                                  1,375,200           1,197,000
    Stocks subscription                                             (1,200,000)         (1,200,000)
    Deficit accumulated during the development stage                  (184,012)             (4,012)
      Total Stockholders' Equity                                             -                   -
                                                              ----------------  ------------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                    $              -  $                -
                                                              ================  ==================
</TABLE>

                          The accompanying notes are an
                  integral part of these financial statements.

                                       F-2

<PAGE>



<TABLE>
<CAPTION>
                               RUSSIAN-IMPORTS.COM
                          (A Development Stage Company)
                             Statement of Operations
                                   (Unaudited)

                                                         For the        February 1, 2000
                                                       three months       (inception)
                                                       ended March          through
                                                           31,           March 31, 2001
                                                           2001

<S>                                                  <C>               <C>
Income                                               $              -  $                -

                                                     ----------------  ------------------
      Total  Income                                                 -                   -

Operating Expenses
    General and administrative expenses                       180,000             184,012

      Total Expenses                                          180,000             184,012
                                                     ----------------  ------------------

Net income (loss)                                    $       (180,000) $         (184,012)
                                                     ================  ==================
</TABLE>








                          The accompanying notes are an
                  integral part of these financial statements.




                                       F-3

<PAGE>





<TABLE>
<CAPTION>
                               RUSSIAN-IMPORTS.COM
                          (a Development Stage Company)
                             Statement of Cash Flows
                                   (Unaudited)


                                                             For the        February 1, 2000
                                                           three months       (inception)
                                                          ended March 31,       through
                                                               2001          March 31, 2001
<S>                                                      <C>               <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                                               $      (180,000)  $        (184,012)
  Stocks issued for services                                      180,000             184,012
      net cash used by operating activities:
                                                                        -                   -
NET CASH USED BY OPERATING ACTIVITIES                                   -                   -
                                                         ----------------  ------------------


INCREASE (DECREASE) IN CASH                                             -                   -

BEGINNING CASH                                                          -                   -
ENDING CASH                                                             -                   -
                                                         ================  ==================
</TABLE>







                          The accompanying notes are an
                  integral part of these financial statements.



                                       F-4

<PAGE>





<TABLE>
<CAPTION>
                               RUSSIAN-IMPORTS.COM
                          (A Development Stage Company)
                           Statement of Stockholders'
                     Equity For the period February 1, 2000
                       (inception) through March 31, 2001




                                                                                                         Deficit
                                                                                                       Accumulated
                                                Number      Common                                       During
                                              of Shares      Stock      Paid In       Stock            Development
                                             Outstanding at Par Value   Capital    Subscription           Stage
                                           ------------- ------------- ---------- --------------    ----------------
<S>                                          <C>         <C>           <C>        <C>               <C>
Stock issued for services at inception        1,950,000  $   1,950
Stocks issued for services                    2,061,500      2,062
Stock subscription                            3,000,000      3,000     $1,197,000 $  (1,200,000)
Net loss - December 31, 2000                                                                        $       (4,012)
                                           ------------- ------------- ---------- ---------------   ---------------
Balance - December 31, 2000                   7,011,500      7,012      1,197,000    (1,200,000)            (4,012)

Stocks issued for services                    1,800,000      1,800        178,200
Net loss - March 31, 2001                                                                                 (180,000)
                                           ------------- ------------- ---------- ----------------  ---------------
Balance at March 31, 2001                     8,811,500  $   8,812     $1,375,200 $  (1,200,000)    $     (184,012)
                                           ============= ============= ========== ================  ===============
</TABLE>


                          The accompanying notes are an
                  integral part of these financial statements.

                                       F-5

<PAGE>



                               RUSSIAN-IMPORTS.COM
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2001


NOTE 1. DESCRIPTION OF THE BUSINESS
------------------------------------

Russian  Imports was  incorporated  under the laws of the state of California on
February 1, 2000.  The  purpose for which the  Corporation  is  organized  is to
engage in any lawful act or activity  for which a  corporation  may be organized
under the General Corporation Law of the State of California including,  without
limitation, to provide sales of caviar on the Internet.

Russian  Imports  has been in the  development  stage  since  its  formation  on
February 1, 2000.  Planned  principal  operations  have only recently  commenced
since then, but Russian Imports has not generated any significant revenue.


NOTE 2. SIGNIFICANT ACCOUNTING POLICIES
---------------------------------------

A. Russian Imports uses the accrual method of accounting.

B. Revenues and are  recognized  and recorded when ordered goods are paid for by
credit card. Expenses are realized and recorded when invoiced.

C. Russian Imports considers all short term, highly liquid  investments that are
readily convertible,  within three months, to known amounts as cash equivalents.
Russian Imports currently has no cash equivalents.

D. Primary  Earnings Per Share amounts are based on the weighted  average number
of shares  outstanding at the dates of the financial  statements.  Fully Diluted
Earnings Per Shares shall be shown on stock options and other convertible issues
that may be exercised within ten years of the financial statement dates.

E.  Estimates:  The  preparation of the financial  statements in conformity with
generally accepted  accounting  principles requires management to make estimates
and assumptions that affect the amounts reported in the financial statements and
accompanying notes. Actual results could differ from those estimates.


NOTE 3. INCOME TAXES
--------------------

Russian  Imports has  adopted the  provisions  of SFAS No. 109  "Accounting  for
Income Taxes".  SFAS 109 requires  recognition of deferred tax  liabilities  and
assets  for the  expected  future  tax  consequences  of  events  that have been
included in the financial statements or tax returns. Under this method, deferred
tax liabilities and assets are determined based on the differences between the

                                       F-6

<PAGE>



                               RUSSIAN-IMPORTS.COM
                          (A DEVELOPMENT STAGE COMPANY)
                    NOTES TO FINANCIAL STATEMENTS(continued)



NOTE 3. INCOME  TAXES(cont'd)  --------------------  financial statement and tax
basis of assets and  liabilities  using enacted tax rates in effect for the year
in which the differences are expected to reverse.

Russian Imports has incurred losses that can be carried forward to offset future
earnings if conditions of the Internal Revenue Codes are met.


NOTE 5.  FISCAL YEAR END
------------------------

Russian Imports' fiscal year end is December 31st.


NOTE 6.  RELATED PARTY TRANSACTIONS
-----------------------------------

Russian Imports issued unregistered  common stock to its President,  in exchange
for  services as  President,  Secretary  and  Treasurer,  and to non  management
consultants and employees in exchange for their services. The issuance of shares
were  recorded  at  their  fair  market  value  of par  value.  This  is  deemed
appropriate, rather than recording the issuance of shares at the offering price,
since Russian Imports' shares have no current book value.

Russian  Imports shares office space and telephone  services of the President of
Russian Imports at no charge.




                                       F-7

<PAGE>



Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF PLAN OF OPERATIONS

PLAN OF OPERATIONS-IN GENERAL

The  Company's  plan of  operations  is to be the  number  one seller of russian
lacquer boxes on the Internet.  The Company has financed its  operations to date
through sales of its equity  securities.  See "Recent Sales of Securities."  The
Company  will also sell  Russian  Matroshka  dolls and quality hand made crystal
imported from Russia.  Lacquer boxes in the United States carry a premium price.
The company can import hand painted  lacquer  boxes from Russia at a fraction of
the  wholesale  cost in the  U.S.  The  Company  plans  to sell  lacquer  boxes,
Matroshka  dolls and Russian  crystal at the lowest prices of any  wholesaler or
retailer of Russian lacquer boxes and other imports on the Internet. To do this,
the Company  will seek to  establish an  aggressive  marketing  plan both on the
Internet and conventionally.

During  the  next  twelve  months,   the  Company  plans  to  satisfy  its  cash
requirements by additional equity financing.  There can be no assurance that the
company will be successful in raising additional equity financing, and, thus, be
able to satisfy  its cash  requirements,  which  primarily  consist of legal and
accounting  fees at the present time. If the company is not able to raise equity
capital,  and it  presently  has no cash with which to satisfy  any future  cash
requirements.  The  company  will need a minimum of $50,000 to satisfy  its cash
requirements for the next 12 months.  The company will not be able to operate if
it does not  obtain  equity  financing.  The  Company  has no  current  material
commitments.  The  Company  depends  upon  capital  to be  derived  from  future
financing  activities such as subsequent offerings of its stock. There can be no
assurance  that the  Company  will be  successful  in  raising  the  capital  it
requires.  The company does not anticipate any further  research and development
of any products, nor does it expect to incur any research and development costs.
The company  does not expect the  purchase  or sale of plant or any  significant
equipment, and it does not anticipate any change in the number of its employees.
The Company has no current  material  commitments.  The Company has generated no
revenue since its inception.

The Company is still  considered  to be a  development  stage  company,  with no
significant  revenue,  and is  dependent  upon the  raising of  capital  through
placement of its common stock.  There can be no assurance  that the Company will
be successful in raising the capital it requires  through the sale of its common
stock.


PART II. OTHER INFORMATION

Item 1.  Legal proceedings

                             NONE

Item 2.  Changes in securities and use of proceeds

On January 2, 2001,  February  2, 2001 and March 2,  2001,  the  Company  issued
600,000 shares of its common stock, (for a total 1,800,000 shares),  pursuant to
the S-8 Registration

                                                         9

<PAGE>



Statement  previously  registered  with the SEC , to three third  party  outside
consultants for services in developing products for import, such services valued
at $180,000.

Item 3. Defaults on senior securities

     NONE

Item 4. Submission of items to a vote

     NONE

Item 5. Other information

     NONE

Item 6. Exhibits and Reports on Form 8-K

(a) The exhibits required to be filed herewith by Item 601 of Regulation S-B, as
described  in the  following  index of  exhibits,  are  incorporated  herein  by
reference, as follows:



Exhibit No.    Description
----------     ----------------------------------------------------
<TABLE>
<S>            <C>
 2.1           Acquisition agreement (3)
 3.1           Articles of Incorporation (1)
 3.2           Amendment to Articles of Incorporation(1)
 3.4           By-Laws(1)
 4.1           Form of Common Stock Certificate(2)
 4.2           Subscription Agreement of Rene Dervaes(3)
 5.1           Opinion of Kenneth G. Eade, Attorney at Law (including consent)(2)
 6.1           Specimen of Stock Certificate(2)
10.1           Employee/Consultant Stock Compensation Plan(4)
23.1           Consent of Independent Accountant(2)
23.2           Consent of Kenneth G. Eade (filed as part of Exhibit 5.1)(2)
98.1           Subscription Agreement of Rene Dervaes(3)
----------------
</TABLE>

(1)  Incorporated herein by reference to the Company's Registration Statement on
     Form 10-SB.
(2)  Incorporated herein by reference to the Company's Registration Statement on
     Form SB-2.
(3)  Incorporated  herein by reference to the Company's 8-K current report filed
     with the SEC on December 18, 2000.
(4)  Incorporated herein by reference to the Company's Registration Statement on
     Form S-8.



(b) No Reports on Form 8-K were filed during the quarter ended March 31, 2001


                                       10

<PAGE>


                                   SIGNATURES
                                   ----------

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                               RUSSIAN IMPORTS.COM
                                  (Registrant)


Date:   May 21, 2001       /s/  A. Rene Dervaes, Jr.
                           -----------------------------------
                              A. Rene Dervaes, Jr
                              President, CEO and Sole Director

In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.


Date                     Signature                     Title
----                     ---------                     -----

May 21, 2001      /s/  A. Rene Dervaes, Jr.
                  --------------------------
                  A. Rene Dervaes, Jr               President and Sole Director






                                       11

<PAGE>