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


                                   FORM 10 QSB

            Quarterly Report Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


            For the quarterly period ended           March 31, 2001

            Commission file Number                   000-30433


                            PROVIDENCE CAPITAL V, INC.

             (Exact Name of Registrant as Specified in its Charter)


                                     COLORADO
                (State or Other Jurisdiction of Incorporation)


                000-30433                              05-0508621
        (Commission File Number)         (I.R.S. Employer Identification Number)


      735 Broad Street, Suite 800
        Chattanooga, Tennessee                           37402
(Address of Principal Executive Offices)               (Zip Code)


                                 (423) 265-5062
              (Registrant's Telephone Number, Including Area Code)

<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 [ ]

Indicate the number of shares outstanding of each of the
issuer's classes of common stock, as of the latest practical
date:

Common Stock, No Par Value - 1,700,000 shares as of March 31, 2001.




<PAGE> 1

                           FORWARD-LOOKING INFORMATION

THIS FORM 10QSB AND OTHER STATEMENTS ISSUED OR MADE FROM TIME TO TIME BY
PROVIDENCE CAPITAL V, INC. (THE "COMPANY") OR ITS REPRESENTATIVES CONTAIN
STATEMENTS WHICH MAY CONSTITUTE "FORWARD-LOOKING STATEMENTS" WITHIN THE
MEANING OF THE SECURITIES ACT OF 1933 AND THE SECURITIES EXCHANGE ACT OF
1934, AS AMENDED BY THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.
FIFTEEN U.S.C.A. SECTIONS 77Z-2 AND 78U-5 (SUPP. 1996). THOSE STATEMENTS
INCLUDE STATEMENTS REGARDING THE INTENT, BELIEF OR CURRENT EXPECTATIONS
OF THE COMPANY AND MEMBERS OF ITS MANAGEMENT TEAM AS WELL AS THE
ASSUMPTIONS ON WHICH SUCH STATEMENTS ARE BASED.

PROSPECTIVE INVESTORS ARE CAUTIONED THAT ANY SUCH FORWARD-LOOKING STATEMENTS
ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND INVOLVE RISKS AND UNCERTAINTIES,
AND THAT ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED BY SUCH
FORWARD-LOOKING STATEMENTS. IMPORTANT FACTORS CURRENTLY KNOWN TO MANAGEMENT
THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN FORWARD-
LOOKING STATEMENTS ARE SET FORTH IN THE SAFE HARBOR COMPLIANCE STATEMENT FOR
FORWARD-LOOKING STATEMENTS INCLUDED AS EXHIBIT 99.1 TO THIS FORM 10QSB AND
ARE HEREBY INCORPORATED HEREIN BY REFERENCE. THE COMPANY UNDERTAKES
NO OBLIGATION TO UPDATE OR REVISE FORWARD-LOOKING STATEMENTS TO REFLECT
CHANGED ASSUMPTIONS, THE OCCURRENCE OF UNANTICIPATED EVENTS OR CHANGES TO
FUTURE OPERATING RESULTS OVER TIME.

--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

<PAGE> 2

                           PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

<PAGE> F-1

                         PROVIDENCE CAPITAL V, INC.
                       (A Development Stage Company)

                            FINANCIAL STATEMENTS
                     THREE MONTHS ENDED MARCH 31, 2001
                   AND THE PERIOD FROM NOVEMBER 24, 1999
                   (DATE OF INCEPTION) TO MARCH 31, 2001

<PAGE> F-2

                         PROVIDENCE CAPITAL V, INC.
                       (A DEVELOPMENT STAGE COMPANY)

                               BALANCE SHEET
                               MARCH 31, 2001

                                   ASSETS

<TABLE>
<CAPTION>
                                      March  31,  2001  December  31, 2000
                                        (UNAUDITED)          (AUDITED)

<S>                                   <C>               <C>
TOTAL ASSETS                          $         0       $        0


               LIABILITIES AND STOCKHOLDERS' DEFICIT


Current liabilities:
  Accounts payable                     $    1,000              700
  Loan from officers                       18,675           17,975
      TOTAL CURRENT LIABILITIES            19,675           18,675

STOCKHOLDERS' DEFICIT:
  Common stock, $.001 par value;
   50,000,000 shares authorized,
   1,700,000 shares issued and
   outstanding                              1,700            1,700
  Paid in capital                           4,760            4,760
  Preferred stock, $.001 par value,
   50,000,000 shares authorized,
   no shares outstanding
  Deficit accumulated during the
   development stage                      (26,135)         (25,135)
                                        ---------        ---------
      TOTAL STOCKHOLDERS' DEFICIT         (19,675)         (18,675)
                                        ---------        ---------

TOTAL LIABILITIES AND STOCKHOLDERS'
  DEFICIT                               $       0        $       0
                                        =========        =========
</TABLE>

                SEE NOTES TO UNAUDITED FINANCIAL STATEMENTS.

<PAGE> F-3


                         PROVIDENCE CAPITAL V, INC.
                       (A DEVELOPMENT STAGE COMPANY)

                          STATEMENT OF OPERATIONS
                                (UNAUDITED)
                 THREE MONTHS ENDED MARCH 31, 2001 AND 2000
         AND THE PERIOD FROM NOVEMBER 24, 1999 (DATE OF INCEPTION)
                             TO MARCH 31, 2001

<TABLE>
<CAPTION>
                                  Three Months     Three Months      November  24,1999
                                  Ended            Ended             (Inception) to
                                  MARCH  31, 2001  MARCH 31,  2000   MARCH  31, 2001
<S>                               <C>              <C>               <C>
REVENUE                           $        0       $        0        $        0

EXPENSES:
  Professional fees                    1,000              900            23,346
  Organization costs                                                      2,789
                                                                     ----------
      TOTAL EXPENSES                   1,000              900            26,135
                                  ----------       ----------        ----------
NET LOSS                          $   (1,000)      $     (900)       $  (26,135)
                                  ==========       ==========        ==========

Loss Per Common Share             $     (.00)      $     (.00)       $     (.02)
                                  ==========       ==========        ==========
</TABLE>

                SEE NOTES TO UNAUDITED FINANCIAL STATEMENTS.

<PAGE> F-4


                         PROVIDENCE CAPITAL V, INC.
                       (A DEVELOPMENT STAGE COMPANY)

                     STATEMENT OF STOCKHOLDERS' DEFICIT
                                (UNAUDITED)
                 THREE MONTHS ENDED MARCH 31, 2001 AND 2000
         AND THE PERIOD FROM NOVEMBER 24, 1999 (DATE OF INCEPTION)
                             TO MARCH 31, 2001

<TABLE>
<CAPTION>
                                             Common
                                             Stock               Additional
                                        -------------------      Paid in
                                      Shares         Amount      Capital     Deficit
                                      -------        ------      -------     -------
<S>                                   <C>            <C>         <C>         <C>
BALANCE AT NOVEMBER 24, 1999                  0      $     0     $     0     $      0

ISSUANCE OF COMMON STOCK:
  Stock issued for services rendered
  at inception                          734,000          734
  Additional paid in capital                                       2,055

Net loss for the period from
  November 24, 1999 through                                                   (18,414)
  December 31, 1999                    ---------     -------     -------     ---------

BALANCE AT DECEMBER 31, 1999            734,000          734       2,055      (18,414)

Net loss for the three months ended
  March 31, 2000                                                                 (900)
                                       ---------     -------     -------     ---------

BALANCE AT MARCH 31, 2000               734,000          734       2,055      (19,314)
  Stock issued for services rendered    966,000          966
  Additional paid in capital                                       2,705

Net loss for the year ended
  December 31, 2000                                                            (5,821)
                                       --------      -------     -------     ---------

BALANCE AT DECEMBER 31, 2000          1,700,000        1,700       4,760      (25,135)

Net loss for the three months ended
  March 31, 2001                                                               (1,000)
                                       --------      -------     -------     ---------

BALANCE AT MARCH 31, 2001             1,700,000      $ 1,700     $ 4,760     $(26,135)
                                      =========      =======     =======     =========
</TABLE>

                SEE NOTES TO UNAUDITED FINANCIAL STATEMENTS.

<PAGE> F-5


                         PROVIDENCE CAPITAL V, INC.
                       (A DEVELOPMENT STAGE COMPANY)

                          STATEMENT OF CASH FLOWS
                                (UNAUDITED)
                 THREE MONTHS ENDED MARCH 31, 2001 AND 2000
         AND THE PERIOD FROM NOVEMBER 24, 1999 (DATE OF INCEPTION)
                             TO MARCH 31, 2001

<TABLE>
<CAPTION>
                                        Three Months     Three Months     November  24,1999
                                        Ended            Ended            (Inception) to
                                        MARCH  31, 2001  MARCH 31, 2000   MARCH  31, 2001
<S>                                     <C>              <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                              $       (1,000)  $        (900)   $   (26,135)
  Adjustments to reconcile net loss to
    net cash provided by operating
    activities:
   Services performed for stock                                                 6,460
   Increase in accounts payable                    300             900          1,000
                                        ---------------  -------------    ----------------
     NET CASH PROVIDED BY OPERATING
      ACTIVITIES                                  (700)              0        (18,675)
                                        --------------   -------------    ----------------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Increase in loan from officers                   700                         18,675
                                        --------------   -------------    ----------------
     NET CASH PROVIDED BY FINANCING
      ACTIVITIES                                   700                         18,675
                                        --------------   -------------    ----------------
INCREASE IN CASH AND CASH EQUIVALENTS                0               0              0

CASH AND CASH EQUIVALENTS, BEGINNING
  OF PERIOD                                          0               0              0
                                        --------------   -------------    ----------------
Cash and cash equivalents, end of
  period                                $            0   $           0    $         0
                                        ==============   =============    ================

</TABLE>

                SEE NOTES TO UNAUDITED FINANCIAL STATEMENTS.

<PAGE> F-6


                         PROVIDENCE CAPITAL V, INC.
                       (A DEVELOPMENT STAGE COMPANY)

                       NOTES TO FINANCIAL STATEMENTS
                                (UNAUDITED)
                               MARCH 31, 2001


1.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     Organization and Development Stage Operations

     PROVIDENCE  Capital  V, Inc. (a Development  Stage  Company)  (the
     Company)  was incorporated on  November  24,  1999,  in  the  State  of
     Colorado.  The Company is in the development stage and its intent is to
     operate as  a  capital  market access corporation and to acquire one or
     more existing businesses  through  merger  or acquisition.  The Company
     has  had no significant business activity to  date.   The  Company  has
     selected  the  calendar year as its fiscal year.  Costs associated with
     organization have been expensed in accordance with SOP 98-5.


     STOCK-BASED COMPENSATION

     The Company  accounts for stock-based compensation under Statement
     of Financial Accounting  Standards  ("SFAS")  No.  123  "Accounting for
     Stock-Based   Compensation".   The  Company  accounts  for  stock-based
     compensation based  on  the fair value of the consideration received or
     the  fair  value  of  the stock  issued,  whichever  is  more  reliably
     measurable.


     Estimates

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



2.   STOCKHOLDERS' EQUITY

     On November 24, 1999, the Company issued seven hundred thirty-four
     thousand (734,000)  shares  of  its  $.001  par  value common stock for
     services,  rendered  by  related parties, valued at their  fair  market
     value of $2,789.  The shares  were  issued  pursuant to Rule 701 of the
     Securities Act of 1933 (the "Act") and are restricted securities within
     the meaning of Rule 144 of the Act.

     On  June  15,  2000,  the  Company  issued nine hundred  sixty-six
     thousand  (966,000)  shares of its $.001 par  value  common  stock  for
     services, rendered by  related  parties,  valued  at  their fair market
     value of $3,671.  The shares were issued pursuant to Section 4(2) of the
     Securities Act of 1933 (the "Act") and are restricted securities within
     the meaning of Rule 144 of the Act.

     The  Company  authorized 50,000,000 shares of Series A convertible
     preferred stock with  a par value of $.001 per share.  Currently, there
     are no shares outstanding.   Each  share  of  preferred  stock  can  be
     converted  into one share of common stock and each share is entitled to
     one vote, voting together with the holders of shares of common stock.

                                                                 (CONTINUED)


<PAGE> F-7


                         PROVIDENCE CAPITAL V, INC.
                       (A DEVELOPMENT STAGE COMPANY)

                       NOTES TO FINANCIAL STATEMENTS
                                (UNAUDITED)
                               MARCH 31, 2001


3.   RELATED PARTY TRANSACTIONS

     Of the  $18,975  of  the loan from officers, $15,625 was for legal
     services rendered in connection  with business planning and compliance.
     Those legal services were rendered by shareholders of the Company.  The
     balance of $3,350 was for accounting services paid by the officers.

     As described in footnote #2 the  Company  issued  common stock for
     services provided by related parties that are valued at the fair market
     value of $6,460.



4.   INCOME TAXES

     Deferred  income  taxes  reflect the net tax effects of  temporary
     differences between the carrying  amounts of assets and liabilities for
     financial  reporting  purposes and the  amounts  used  for  income  tax
     purposes.   The  Company's   net   deferred   tax  asset  balances  are
     attributable to net operating loss carryforwards.   At  March 31, 2001,
     the Company's deferred tax asset consisted of the following:

          Deferred tax asset                      $  7,800
          Valuation allowance                       (7,800)

            Net deferred tax assets recognized on the accompanying
            balance sheets                        $      0


     The components of the income tax provision (benefit) consisted of
     the following for the periods ended March 31, 2001 and 2000, December
     31, 2000 and from November 24, 1999 (inception) to March 31, 2001.

<TABLE>
<CAPTION>
                                                                     November 24,1999
                                 March 31,   March 31, December 31,  (Inception) to
                                 2001        2000      2000          MARCH 31, 2001
<S>                              <C>         <C>       <C>           <C>
Current                          $      0    $      0  $      0      $      0
Deferred                           (1,000)     (1,000)   (7,500)       (7,800)
                                 --------    --------  --------      ---------

Tentative tax provision (benefit)  (1,000)     (1,000)   (7,500)       (7,800)
Change in valuation allowance       1,000       1,000     7,500         7,800
                                 ---------   --------- ---------     ---------
  Net income tax provision
    (benefit)                    $      0    $      0  $      0      $      0
                                 =========   ========= =========     =========
</TABLE>

     The Company has a net operating and economic loss carryforward  of
     approximately  $18,975  available  to  offset  future federal and state
     taxable income through 2019 as follows:

      YEAR OF EXPIRATION                             AMOUNT

             2019                                  $18,400
             2020                                  $ 6,700

                                                                 (CONTINUED)

<PAGE> F-8


                         PROVIDENCE CAPITAL V, INC.
                       (A DEVELOPMENT STAGE COMPANY)

                       NOTES TO FINANCIAL STATEMENTS
                                (UNAUDITED)
                               MARCH 31, 2001


5.    SUBSEQUENT EVENT

     On March 29, 2001, the merger of Providence Capital V, Inc. and
     GS-GA (formerly, The Gourmet Station, LLC) closed.  The delaying
     effective date of the merger is July 31, 2001.

     On May 18, 2001, in anticipation of the merger, PC reacquired
     950,000 shares of its common stock from its stockholders at its $.001
     par value.

     Effective  on  July 31,  2001  the  GS-GA  will merge with  and  into
     Providence  Capital  V,  Inc.  Pursuant to the Plan of Merger,  GS-GA
     will cease to exist and the surviving  company,  Providence Capital V, Inc.
     will change its name to Gourmet Station, Inc.  The  shareholders of the GS-
     GA will receive 3,250,000 shares (or 81%) of $.001 par  value  common stock
     of  the  Company  by  converting each share of GS-GA common stock  into
     3,250 shares of common  stock  of  the  Company.  The remaining 750,000
     shares (or 19%) of the Company are held by  the  former shareholders of
     Providence Capital V, Inc.  The Merger is accounted  for  as a reverse
     acquisition  resulting  in  the  common  stock  of  the  public company
     "Acquiree"  (Providence  Capital V, Inc.) and the retained earnings  of
     the  Non-Public "Acquiror"  (the  Predecessor  Company)  being  carried
     forward  into  the  Merged  Company  (GS, formerly The Gourmet Station,
     LLC).



<PAGE> 3

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR
         PLAN OF OPERATION

                           PROVIDENCE CAPITAL V, INC.

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

March 31, 2001

=====================================
THREE MONTHS ENDING MARCH 31, 2001
=====================================

The following information should be read in conjunction with the historical
financial information and the notes thereto included in Item 1 of this
Quarterly Report.

NEW ACCOUNTING PRONOUNCEMENTS

     Statement of Financial Accounting Standards No. 121, "Accounting for the
Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed of"
("SFAS 121") issued by the FASB, is effective for financial statements for
fiscal years beginning after December 15, 1995. The standard establishes new
guidelines regarding when impairment losses on long-lived assets, which
include plant and equipment, certain identifiable intangible assets, and
goodwill, should be recognized and how impairment losses should be measured.

The Company does not expect adoption to have a material effect on its
financial position or results of operations.

     Statement of Financial Accounting Standards No. 123, "Accounting for
Stock-Based Compensation" ("SFAS 123") issued by the FASB, is effective for
specific transactions entered into after December 15, 1995. The disclosure
requirements of SFAS 123 are effective for financial statements for fiscal
years beginning no later than December 15, 1995. The new standard established
a fair value method of accounting for stock-based compensation plans and for
transactions in which an entity acquires goods or services from non-employees
in exchange for equity instruments. The Company does not expect adoption to
have a material effect on its financial position or results of operations.

<PAGE>  4

General

     The Registrant intends to seek to acquire assets or shares of an entity
actively engaged in business which generates revenues, in exchange for its
securities.  The Registrant has no particular acquisitions in mind and has not
entered into any negotiations regarding such an acquisition.  None of the
Company's officers, directors, promoters or affiliates have engaged in any
preliminary contact or discussions with any representative of any other
company regarding the possibility of an acquisition or merger between the
Company and such other company as of the date of this quarterly report.

     While the Company will attempt to obtain audited financial statements of
a target entity, there is no assurance that such audited financial statements
will be available.  The Board of Directors does intend to obtain certain
assurances of value of the target entity's assets prior to consummating such a
transaction, with further assurances that an audited statement would be
provided within seventy-five days after closing of such a transaction.
Closing documents relative thereto will include representations that the value
of the assets conveyed to or otherwise so transferred will not materially
differ from the representations included in such closing documents.

     The Company has filed a registration statement on a voluntary basis
because the primary attraction of the Registrant as a merger partner or
acquisition vehicle will be its status as an SEC reporting company.  Any
business combination or transaction will likely result in a significant
issuance of shares and substantial dilution to present stockholders of the
Registrant.

     The Company has, and will continue to have, no capital with which to
provide the owners of business opportunities with any significant cash or
other assets.  However, management believes the Company will be able to offer
owners of acquisition candidates the opportunity to acquire a controlling
ownership interest in a publicly registered company without incurring the cost
and time required to conduct an initial public offering. The owners of the
business opportunities will, however, incur significant legal and accounting
costs in connection with the acquisition of a business opportunity, including
the costs of preparing Form 8-K's, 10-K's or 10-KSB's, agreements and related
reports and documents. The Securities Exchange Act of 1934 (the "34 Act"),
specifically requires that any merger or acquisition candidate comply with all
applicable reporting requirements, which include providing audited financial
statements to be included within the numerous filings relevant to complying
with the 34 Act.  Nevertheless, the officers and directors of the Company have
not conducted market research and are not aware of statistical data which
would support the perceived benefits of a merger or acquisition transaction
for the owners of a business opportunity.

     As stated hereinabove, the Company will not acquire or merge with any
entity which cannot provide independent audited financial statements within a
reasonable period of time after closing of the proposed transaction.  The
Company is subject to all of the reporting requirements included in the 34
Act.  Included in these requirements is the affirmative duty of the Company to
file independent audited financial statements as part of its Form 8-K to be
filed with the Securities and Exchange Commission upon consummation of a
merger or acquisition, as well as the Company's audited financial statements

<PAGE> 5

included in its annual report on Form 10-K (or 10-KSB, as applicable).  If
such audited financial statements are not available at closing, or within time
parameters necessary to insure the Company's compliance with the requirements
of the 34 Act, or if the audited financial statements provided do not conform
to the representations made by the candidate to be acquired in the closing
documents, the closing documents may provide that the proposed transaction
will be voidable, at the discretion of the present management of the Company.

     The Company's officers and shareholders have verbally agreed that they
will advance to the Company any additional funds which the Company needs for
operating capital and for costs in connection with searching for or completing
an acquisition or merger.  These persons have further agreed that such
advances will be made in proportion to each person's percentage ownership of
the Company.  These persons have also agreed that such advances will be made
interest free without expectation of repayment unless the owners of the
business which the Company acquires or merges with agree to repay all or a
portion of such advances.  Such repayment will in no way be a condition to the
selection of a target company.  There is no dollar cap on the amount of money
which such persons will advance to the Company.  The Company will not borrow
any funds from anyone other than its current shareholders for the purpose of
repaying advances made by the shareholders, and the Company will not borrow
any funds to make any payments to the Company's promoters, management or their
affiliates or associates.

     The Balance Sheet as of 03/31/2001 reflects $0.00 assets and no entry
of organizational costs in accordance with SOP 98-5.  The Statement
of Operations has been revised to update cumulative amounts, while conforming
changes have been made to the Statement of Changes in Stockholders' Equity.

     As of the date of this report, the Company has no assets and a Deficit
accumulated during the development stage of $26,135. The Company has also
incurred a net loss to date of $26,135.

Liquidity and Capital Resources

     The Company remains in the development stage and, since inception,
has experienced no significant change in liquidity or capital resources or
stockholder's equity.  The Company's balance sheet as of March 31, 2001,
reflects a total asset value of $0.00.  The Company has no cash or line of
credit, nor does it expect to have one before a merger is effected.

     The Company will carry out its plan of business as discussed
above.  The Company cannot predict to what extent its liquidity and
capital resources will be diminished prior to the consummation of a
business combination or whether its capital will be further depleted by
the operating losses (if any) of the business entity which the Company
may eventually acquire.

Results of Operations

     During the period from January 1, 2001 through March 31, 2001, the
Company has engaged in no significant operations other than organizational
activities, acquisition of capital and preparation for registration of its
securities under the Securities Exchange Act of 1934, as amended.  No
revenues were received by the Company during this period.

<PAGE>  6

     For the current fiscal year, the Company anticipates incurring
a loss as a result of organizational expenses, expenses associated with
registration under the Securities Exchange Act of 1934, and expenses
associated with locating and evaluating acquisition candidates.  The
Company anticipates that until a business combination is completed
with an acquisition candidate, it will not generate revenues other than
interest income, and may continue to operate at a loss after completing
a business combination, depending upon the performance of the
acquired business.

Need for Additional Financing

     The Company believes that its existing capital will be sufficient to
meet the Company's cash needs, including the costs of compliance with the
continuing reporting requirements of the Securities Exchange Act of 1934,
as amended, for a period of approximately one year.  Accordingly, in the
event the Company is able to complete a business combination during this
period, it anticipates that its existing capital will be sufficient to allow
it to accomplish the goal of completing a business combination.  There is no
assurance, however, that the available funds will ultimately prove to be
adequate to allow it to complete a business combination, and once a business
combination is completed, the Company's needs for additional financing are
likely to increase substantially.


                          PART II  OTHER INFORMATION

ITEM 1.  Legal Proceedings

          Neither the Registrant nor any of its affiliates are a
          party, nor is any of their property subject, to material
          pending legal proceedings or material proceedings known
          to be contemplated by governmental authorities.


ITEM 2.  Changes in Securities

          None


ITEM 3.  Defaults Upon Senior Securities

          None


ITEM 4.  Submission of Matters to a Vote of Security Holders

          None


ITEM 5.  Other Information

          None


<PAGE>  7

ITEM 6.  Exhibits and Reports on Form 8 K

         a.  Exhibits

             Exhibit 27. Financial Data Schedule

         b.  Reports on Form 8 K

             None


                                 INDEX TO EXHIBITS


EXHIBIT      NO      DESCRIPTION



#            3.1     Articles of Incorporation of the Registrant, as amended;

#            3.2     Bylaws of the Registrant;

#            4.1     Instruments Defining Rights of Security Holders/Minutes
                     of Annual/Special Meetings of the Registrant;

#           10.1     Issuance of Restricted Shares from Authorized Shares;

#           23.1     Consent of Nadeau & Simmons, P.C.;

x           27       Financial Data Schedule

x           99.1     Safe Harbor Compliance Statement

_______________________
x     Filed herewith.

#     Incorporated by reference from the Registrant's Registration Statement
      filed on Amendment No. 3 to Form 10-SB on or about August 1, 2000.

<PAGE>  8

                                   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 hereunto duly authorized.


                                           PROVIDENCE CAPITAL V, INC.

                                           Nadeau & Simmons, P.C.

DATE: June 20, 2001                        By: NADEAU & SIMMONS, P.C.
                                           Title: Filing Agent