U. S. Securities and Exchange Commission
                     Washington, D. C.  20549

                           FORM 10-KSB

[X]  ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

     For the fiscal year ended June 30, 2000

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

     For the transition period from _________________ to __________________

                 Commission File No.  0-23511

                        FIRST DELTAVISION, INC.
          (Name of Small Business Issuer in its Charter)


           NEVADA                                       87-0412182
  (State or Other Jurisdiction of              (I.R.S. Employer I.D. No.)
 incorporation or organization)

                          9005 Cobble Canyon Lane
                            Sandy, Utah 84093
             (Address of Principal Executive Offices)

            Issuer's Telephone Number:  (801) 942-0555

Securities Registered under Section 12(b) of the Exchange Act:      None.

Securities Registered under Section 12(g) of the Exchange Act: $0.001 par
value common stock

     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.

     (1)   Yes  X    No            (2)   Yes  X    No

     Check if there is no disclosure of delinquent filers in response to Item
405 of Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of Registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form
10-KSB or any amendment to this Form 10-KSB.  [ ]

State Issuer's revenues for its most recent fiscal year: June 30, 2000-$0

<PAGE>
     State the aggregate market value of the common voting stock held by
non-affiliates computed by reference to the price at which the stock was sold,
or the average bid and asked prices of such stock, as of a specified date
within the past 60 days.

     October 18, 2000 - $65.  There are approximately 65,275 shares of
common voting stock of the Registrant held by non-affiliates.  Since 1988,
there has been no "public market" for shares of common stock of the
Registrant, so the Registrant has arbitrarily valued these shares on the basis
of par value per share or $0.001.

           (ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
                  DURING THE PAST FIVE YEARS)

                         Not Applicable.

           (APPLICABLE ONLY TO CORPORATE REGISTRANTS)

          State the number of shares outstanding of each of the Issuer's
classes of common equity, as of the latest practicable date:

                           November 13, 2000

                               335,500

               DOCUMENTS INCORPORATED BY REFERENCE

          A description of "Documents Incorporated by Reference" is
contained in Item 13 of this Report.


   Transitional Small Business Issuer Format   Yes  X   No ___

                              PART I

Item 1.  Description of Business.

Business Development.
---------------------

     Pursuant to a Proxy Statement filed with the Securities and Exchange
Commission on June 9, 2000, and resolutions of its stockholders, First
Deltavision, Inc. (the "Company") has approved a forward split of 1.85567 for
one of the outstanding common stock of the Company; however, the Board of
Directors has not yet determined whether the reasons for submitting this
forward split to its stockholders are still viable, so it has not yet been
implemented.  The Company's Proxy Statement is incorporated herein by
reference.  See the Exhibit Index, Part III, Item 13.

     Except as indicated above and in the Company's 10-SB Registration
Statement, as amended, which was filed with the Securities and Exchange
Commission on December 16, 1997, which became effective on or about February
14, 1998, and which is incorporated herein by reference, there have been no
material developments during the most recent fiscal year. See the Exhibit
Index, Part III, Item 13.

Business.
---------

          The Company has had no material business operations for over five
years. The Company may begin the search for the acquisition of assets,
property or business that may benefit the Company and its stockholders, once
the Board of Directors sets guidelines of industries in which the Company may
have an interest.

          The Company is unable to predict the time as to when and if it may
actually participate in any specific business endeavor, and will be unable to
do so until it determines the particular industries of interest to the
Company.

Risk Factors.
-------------

          Information regarding potential risk factors that may presently
affect the Company is contained under the heading "Risk Factors", Part I, Item
1, of the Company's 10-SB Registration Statement, as amended, and its 10-KSB
Annual Report for the year ended June 30, 1999.  See Part III, Item 13.

Effect of Existing or Probable Governmental Regulations on
Business.
---------

          The integrated disclosure system for small business issuers
adopted by the Securities and Exchange Commission in Release No. 34-30968 and
effective as of August 13, 1992, substantially modified the information and
financial requirements of a "Small Business Issuer," defined to be an issuer
that has revenues of less than $25 million; is a U.S. or Canadian issuer; is
not an investment company; and if a majority-owned subsidiary, the parent is
also a small business issuer; provided, however, an entity is not a small
business issuer if it has a public float (the aggregate market value of the
issuer's outstanding securities held by non-affiliates) of $25,000,000 or
more.  The Company is deemed to be a "small business issuer."

          The Securities and Exchange Commission, state securities commissions
and the North American Securities Administrators Association, Inc. ("NASAA")
have expressed an interest in adopting policies that will streamline the
registration process and make it easier for small business issuers to have
access to the public capital markets.

Item 2.  Description of Property.
---------------------------------

     The Company has no assets, property or business. Its principal
executive office address and telephone number are the home address and
telephone number of its President, David C. Merrell, and are provided at no
cost.  Because the Company has no current business operations, its activities
have been limited to keeping itself in good standing in the State of Nevada,
and with preparing reports required to be filed with the Securities and
Exchange Commission and related financial statements.  These activities have
consumed an insignificant amount of management's time; accordingly, the costs
to Mr. Merrell of providing the use of his home and telephone have been
minimal.

Item 3.  Legal Proceedings.
---------------------------

     The Company is not the subject of any pending legal proceedings; and to
the knowledge of management, no proceedings are presently contemplated against
the Company by any federal, state or local governmental agency.

     Further, to the knowledge of management, no director or executive
officer is party to any action in which any has an interest adverse to the
Company.

Item 4.  Submission of Matters to a Vote of Security Holders.
-------------------------------------------------------------

     For information regarding matters submitted to a vote of the Company's
security holders during the fourth quarter of the period covered by this
Report, see the Proxy Statement filed with the Securities and Exchange
Commission on June 6, 2000, Part III, Item 13.  At the special meeting that
was held as outlined in this Proxy Statement, 165,698 shares voted in favor of
the matters proposed, with none against and none abstaining.

                             PART II

Item 5.  Market for Common Equity and Related Stockholder Matters.
------------------------------------------------------------------

Market Information.
-------------------

     The Company's common stock is quoted on the OTC Bulletin Board of the
National Association of Securities Dealers, Inc. (the "NASD") under the symbol
"FDVS", with quotations that commenced in November, 1998; however, the market
for shares of the Company's common stock is extremely limited. No assurance
can be given that the present limited market for the Company's common stock
will continue or will be maintained, and the sale of the Company's common
stock pursuant to Rule 144 of the Securities and Exchange Commission by David
C. Merrell, the Company's President, and other principal stockholders, may
have a substantial adverse impact on any such public market.  All but 100,000
of the "restricted securities" of the Company that are outstanding have
satisfied the required holding period of Rule 144. See Part II, Item 11.

     The high and low closing bid prices for shares of common stock of the
Company for each quarter within the last two fiscal years, or the applicable
period when there were quotations are as follows:

<TABLE>
<CAPTION>

                                        Bid
Quarter ending:             High                   Low
---------------             ----                   ---
<S>                         <C>                    <C>
November 10, 1998

through
December 31, 1998            $.125                $.125

January 4, 1999
through
March 31, 1999               $.125                $.125

April 1, 1999
through
June 30, 1999                $.125                $.125

July 1, 1999
through
September 30, 1999           $1.50                $.125

October 1, 1999
through
December 31, 1999            $1.50               $1.50

January 3, 2000
through
March 31, 2000               $1.50               $1.50


April 3, 2000
through
June 30, 2000                $1.50               $1.50

July 3, 2000
through
September 29, 2000           $1.50               $1.50
</TABLE>

     These bid prices were obtained from the National Quotation Bureau, LLC
("NQB") and do not necessarily reflect actual transactions, retail markups,
mark downs or commissions.

     No assurance can be given that any "established public market" will
develop in the common stock of the Company, or if any such market does
develop, that it will continue or be sustained for any period of time.

Recent Sales of Unregistered Securities.
----------------------------------------

                       Date              Number of           Aggregate
     Name            Acquired             Shares           Consideration
     ----            --------            ---------         -------------

David C. Merrell      5/27/96             136,648            Services

Todd D. Ross          5/27/96               4,027            Services

Jerry Peterson        5/27/96               4,027            Services

Raymond Wilson        8/18/97               2,000            Release of any
                     10/15/97               5,000            and all
                      5/26/98                 500            liabilities

Victor Ivashin       10/15/97               1,000            Services

Leonard W. Burningham  8/18/97               9,050            Services

Branden T. Burningham 12/22/97               3,500            Services

Sheryl Ross           12/22/97               3,500            Services

Leonard W. Burningham 12/22/97              20,000            Services

Brad Burningham       12/22/97               3,000            Services

David C. Merrell       8/16/00              50,000            Services

Leonard W. Burningham  8/16/00              50,000            Services

     All of the foregoing persons are believed to be either "accredited
investors," or "sophisticated investors," who by reason of business acumen,
experience, employment, education or other factors, were fully capable of
evaluating the risks and merits of an investment in the Company's securities.
Messrs. Peterson, Ivashin and Wilson are all former directors of the Company;
Messrs. Merrell and Ross are current directors and executive officers of the
Company; and Leonard W. Burningham is counsel for the Company, and Branden T.
Burningham, Brad Burningham and Ms. Ross are associates and/or employees of
Leonard W. Burningham who provided services to the Company. Each had all
information regarding the Company available to them.  The offers and sales of
these securities are believed to have been exempt from the registration
requirements of Section 5 of the Securities Act of 1933, as amended, pursuant
to Section 4(2) thereof, and from similar states' securities laws, rules and
regulations requiring the offer and sale of securities by available state
exemptions from such registration.

Holders.
--------

     The number of record holders of the Company's common stock as of
June 30, 2000, were approximately 179; these numbers do not include an
indeterminate number of stockholders whose shares may be held by brokers in
street name.  As of November 13, 2000, there were still approximately 179
stockholders.

Dividends.
----------

     There are no present material restrictions that limit the ability
of the Company to pay dividends on common stock or that are likely to do so in
the future.  The Company has not paid any dividends with respect to its common
stock, and does not intend to pay dividends in the foreseeable future.

Item 6.  Management's Discussion and Analysis or Plan of Operation.
-------------------------------------------------------------------

Plan of Operation.
------------------

     The Company has not engaged in any material operations or had any
revenues from operations during the past nine fiscal years. The Company's plan
of operation for the next 12 months has yet to be formulated, with the Company
intending to determine the industries in which it would like to focus its
business operations.

          During the next 12 months, the Company's only foreseeable cash
requirements will relate to maintaining the Company in good standing and
filing its reports with the Securities and Exchange Commission, which may be
advanced by management or principal stockholders as loans to the Company. Any
such sums should be nominal.

Results of Operations.
----------------------

     The Company has had no material operations since 1989.  The Company had
losses of ($13,044) and ($7,065), respectively, for the fiscal years ended
June 30, 2000 and 1999.  These losses are primarily related to maintaining the
Company in good standing and "due diligence" activities with respect to its
history and past operations.  These activities have included, for example,
confirming good standing, reviewing stock transfer records and Articles of
Incorporation, as amended, and arranging for the preparation and auditing of
financial statements.

Liquidity.
----------

     The Company had no current assets for the period ended June 30, 2000,
with $40,601 in current liabilities for the same period.

Item 7.  Financial Statements.
------------------------------

For the periods ended June 30, 2000 and 1999

     Independent Auditors' Report

     Balance Sheet for June 30, 2000

     Statements of Operations for the years ending
          June 30, 2000 and 1999, and accumulated
         for the period from inception July 31, 1984 to June 30, 2000

     Statements of Stockholders' Equity (Deficit)
          From July 31, 1984 through June 30, 2000

     Statements of Cash Flows for the years ended
          June 30, 2000 and 1999, and accumulated
         for the period from inception July 31, 1984 to June 30, 2000

     Notes to the Financial Statements
<PAGE>
                     FIRST DELTAVISION, INC.
                  [A Development Stage Company]

                      FINANCIAL STATEMENTS

                          JUNE 30, 2000

<PAGE>


                     FIRST DELTAVISION, INC.
                  [A Development Stage Company]




                            CONTENTS

                                                          PAGE

          Independent Auditors' Report                      1


          Balance Sheet, June 30, 2000                      2


          Statements of Operations, for the years ended
            June 30, 2000 and 1999 and from inception       3
            on July 31, 1984 through June 30, 2000

          Statement of Stockholders' (Deficit), from
            inception on July 31, 1984 through
            June 30, 2000                               4 - 5


          Statements of Cash Flows, for the years ended
            June 30, 2000 and 1999 and from inception on
            July 31, 1984 through June 30, 2000             6


          Notes to Financial Statements                7 - 10



<PAGE>


                  INDEPENDENT AUDITORS' REPORT



Board of Directors
FIRST DELTAVISION, INC.
Salt Lake City, Utah

We   have  audited  the  accompanying  balance  sheet  of   First
Deltavision, Inc. [a development stage company] at June 30, 2000,
and the related statements of operations, stockholders' (deficit)
and  cash  flows  for the year ended June 30, 2000  and  for  the
period  from  inception on July 31, 1984 through June  30,  2000.
These   financial  statements  are  the  responsibility  of   the
Company's  management.   Our  responsibility  is  to  express  an
opinion  on  these financial statements based on our audit.   The
financial  statements of First Deltavision, Inc. for  the  period
from inception on July 31, 1984 to June 30, 1999 were audited  by
other auditors whose report dated September 28, 1999 expressed an
unqualified   opinion  on  those  statements  and   included   an
explanatory paragraph regarding the Company's ability to continue
as  a going concern. The financial statements for the period from
inception (July 31, 1984) to June 30, 1999 reflect a net loss  of
$129,168  of  the total inception to date net loss  of  $142,212.
Our  opinion,  insofar as it relates to the amounts included  for
such  prior periods, is based solely on the report of such  other
auditors.

We  conducted  our  audit in accordance with  generally  accepted
auditing  standards.  Those standards require that  we  plan  and
perform  the  audit to obtain reasonable assurance about  whether
the  financial statements are free of material misstatement.   An
audit  includes  examining, on a test basis, evidence  supporting
the  amounts  and  disclosures in the financial  statements.   An
audit also includes assessing the accounting principles used  and
significant  estimates made by management, as well as  evaluating
the  overall  financial statement presentation.  We believe  that
our audit provides a reasonable basis for our opinion.

In  our  opinion,  based on our audit and the  reports  of  other
auditors  for  the  cumulative information for  the  period  from
inception  on  July  31,  1984 to June 30,  1999,  the  financial
statements  audited  by  us  present  fairly,  in  all   material
respects,  the financial position of First Deltavision,  Inc.  [a
development stage company] as of June 30, 2000 and the results of
its  operations  and its cash flows for the year ended  June  30,
2000  and for the period from inception on July 31, 1984  through
June  30,  2000, in conformity with generally accepted accounting
principles.

The accompanying financial statements have been prepared assuming
the  Company  will continue as a going concern.  As discussed  in
Note  5  to the financial statements, the company has no on-going
operations, has incurred substantial losses since its  inception,
has  liabilities in excess of assets and has no working  capital.
These  factors  raise  substantial doubt  about  its  ability  to
continue  as a going concern.  Management's plans in  regards  to
these  matters  are  also described in  Note  5.   The  financial
statements do not include any adjustments that might result  from
the outcome of these uncertainties.


/S/PRITCHETT, SILER, & HARDY, P.C.
PRITCHETT, SILER, & HARDY, P.C.
October 2, 2000
Salt Lake City, Utah


1
<PAGE>


                     FIRST DELTAVISION, INC.
                  [A Development Stage Company]

                          BALANCE SHEET

                             ASSETS



                                                        June 30,
                                                          2000
                                                      ___________
CURRENT ASSETS                                         $        -
                                                      ___________
        Total Current Assets                                    -
                                                      ___________
                                                       $        -
                                                      ___________


             LIABILITIES AND STOCKHOLDERS' (DEFICIT)


CURRENT LIABILITIES:
  Accounts payable                                     $   24,638
  Due to officers                                          14,963
  Accrued expenses                                          1,000
                                                      ___________
        Total Current Liabilities                          40,601
                                                      ___________

STOCKHOLDERS' (DEFICIT):
  Common stock, $.001 par value, 50,000,000
   shares authorized, 235,500 shares issued
   and outstanding                                            235
  Capital in excess of par                                101,376
  Deficit accumulated during the
   development stage                                     (142,212)
                                                      ___________
        Total Stockholders' (Deficit)                     (40,601)
                                                      ___________
                                                       $        -
                                                      ___________














  The accompanying notes are an integral part of this financial
                           statement.
2
<PAGE>

                     FIRST DELTAVISION, INC.
                  [A Development Stage Company]


                    STATEMENTS OF OPERATIONS




                                                     From Inception
                               For the Years Ended    on July 31,
                                    June 30,          1984 Through
                             ______________________    June 30,
                                  2000      1999          2000
                              __________ __________   ___________
REVENUE:
  Sales                       $        - $        -   $         -
                              __________ __________   ___________

        Total Revenue                  -          -             -
                              __________ __________   ___________

EXPENSES:
  General and administrative      13,044      7,065       142,212
                              __________ __________   ___________

        Total Expenses           (13,044)    (7,065)     (142,212)
                              __________ __________   ___________

LOSS FROM OPERATIONS
  BEFORE INCOME TAXES            (13,044)    (7,065)     (142,212)

CURRENT INCOME TAXES                   -          -             -

DEFERRED INCOME TAX                    -          -             -
                              __________ __________   ___________

NET LOSS                      $  (13,044)    (7,065)  $  (142,212)
                              __________ __________   ___________
LOSS PER SHARE                $     (.06)$     (.03)  $     (1.60)
                              __________ __________   ___________












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

3
<PAGE>


                     FIRST DELTAVISION, INC.
                  [A Development Stage Company]

              STATEMENT OF STOCKHOLDERS' (DEFICIT)

      FROM INCEPTION ON JULY 31, 1984 THROUGH JUNE 30, 2000

                                                            Earnings
                                                           Accumulated
                   Common Stock       Capital in           During the
             ______________________   Excess of  Retained  Development
                 Shares   Amount         Par      Deficit     Stage
             __________ ___________  ___________ ________  __________
BALANCE,
 July 31,
 1984                 - $         -  $         -        -  $        -

Shares issued
 to incorporators
 for cash        22,863          23       57,553        -           -

Net loss for
 the year
 ended
 June 30,
 1985                 -           -            -        -     (39,661)
             __________ ___________  ___________ ________  __________
BALANCE,
 June 30,
 1985            22,863          23       57,553        -     (39,661)

Capital
 contributed
 by shareholder       -           -        2,536        -           -

Net loss for
 year ended
 June 30, 1986        -           -            -        -     (20,451)
             __________ ___________  ___________ ________  __________
BALANCE,
 June 30,
 1986            22,863          23       60,089        -     (60,112)

Net loss
 for the
 year ended
 June 30, 1987        -           -            -        -           -
             __________ ___________  ___________ ________  __________
BALANCE,
 June 30,
 1987            22,863          23       60,089        -     (60,112)

Net loss
 for the
 year ended
 June 30,
 1988                 -           -            -        -           -
             __________ ___________  ___________ ________  __________
BALANCE,
 June 30,
 1988            22,863          23       60,089        -           -

Capital
 contributed
 by shareholder       -           -        1,044        -           -

Shares issued
 for cash at
 $.0002
 per share       24,160          24        1,176        -           -

Net loss for
 the year
 ended
 June 30,
 1989                 -           -            -        -      (2,107)
             __________ ___________  ___________ ________  __________
BALANCE,
 June 30,
 1989            47,023          47       62,309        -     (62,219)

Net loss
 for the
 year ended
 June 30,
 1990                 -           -            -        -        (183)
             __________ ___________  ___________ ________  __________
BALANCE,
 June 30,
 1990            47,023          47       62,309        -     (62,402)

Net loss
 for year
 ended
 June 30,
 1991                 -           -            -        -        (183)

BALANCE,
 June 30,
 1991            47,023 $        47  $    62,309 $      -  $  (62,585)

Net loss
 for year
 ended
 June 30,
 1992                 -           -            -        -        (183)


                                   [Continued]


4
<PAGE>



                     FIRST DELTAVISION, INC.
                  [A Development Stage Company]

              STATEMENT OF STOCKHOLDERS' (DEFICIT)

      FROM INCEPTION ON JULY 31, 1984 THROUGH JUNE 30, 2000

                           [Continued]
                                                            Earnings
                                                           Accumulated
                   Common Stock       Capital in           During the
             ______________________   Excess of  Retained  Development
                 Shares   Amount         Par      Deficit     Stage
             __________ ___________  ___________ ________  __________
BALANCE,
 June 30,
 1992            47,023          47       62,309        -     (62,768)

Net loss
 for year
 ended
 June 30,
 1993                 -           -            -        -        (183)
             __________ ___________  ___________ ________  __________
BALANCE,
 June 30,
 1993            47,023          47       62,309        -     (62,951)

Net loss
 for year
 ended
 June 30,
 1994                 -           -            -        -        (119)
             __________ ___________  ___________ ________  __________
BALANCE,
 June 30,
 1994            47,023          47       62,309        -     (63,070)

Net loss
 for year
 ended
 June 30,
 1995                 -           -            -        -        (118)
             __________ ___________  ___________ ________  __________
BALANCE,
 June 30,
 1995            47,023          47       62,309        -     (63,188)

Shares issued
 for services
 rendered
 valued at
 $.25 per
 share          152,977         153       37,847        -           -

Net loss
 for the
 year ended
 June 30,
 1995                 -           -            -        -     (38,118)
             __________ ___________  ___________ ________  __________
BALANCE,
 June 30,
 1996           200,000         200      100,156        -    (101,306)
Net loss
 for the
 year ended
 June 30,
 1997                 -           -            -        -      (7,940)
             __________ ___________  ___________ ________  __________
BALANCE,
 June 30,
 1997           200,000         200      100,156        -    (109,246)

Shares issued
 for services
 valued at
 $.04 per
 share           35,500          35        1,220        -           -

Net loss for
 the year
 ended
 June 30,
 1998                 -           -            -        -     (12,857)
             __________ ___________  ___________ ________  __________
BALANCE,
 June 30,
 1998           235,500         235      101,376        -    (122,103)

Net loss
 for the
 year ended
 June 30,
 1999                 -           -            -        -      (7,065)
             __________ ___________  ___________ ________  __________
BALANCE,
 June 30,
 1999           235,500         235      101,376        -    (129,168)

Net income
 for the
 year ended
 June 30,
 2000                 -           -            -        -     (13,044)
             __________ ___________  ___________ ________  __________
BALANCE,
 June 30,
 2000           235,500 $       235  $   101,376 $      -  $ (142,212)
             __________ ___________  ___________ ________  __________







  The accompanying notes are an integral part of this financial
                           statement .

5
<PAGE>



                     FIRST DELTAVISION, INC.
                  [A Development Stage Company]

                    STATEMENTS OF CASH FLOWS



                                                      From Inception
                                  For the Years Ended   on July 31,
                                       June 30,       1984, Through
                                ______________________   June 30,
                                    2000       1999         2000
                                __________  __________  ____________
Cash Flows From Operating
 Activities:
  Net loss                      $  (13,044) $   (7,065) $   (142,212)
  Adjustments to reconcile
   net loss to net cash
   used by operating
   activities:
    Non cash expense                     -           -        39,255
    Changes in assets
     and liabilities:
      Increase in accounts
       payable                       8,235       3,961        24,638
      Increase in due to
       officers                      3,809       3,104        14,963
      Increase in accrued
       expenses                      1,000           -         1,000
                                __________  __________  ____________
        Net Cash (Used) by
         Operating Activities            -           -       (62,356)
                                __________  __________  ____________
Cash Flows From Investing
  Activities:
                                         -           -             -
                                __________  __________  ____________
        Net Cash (Used) by
         Investing Activities            -           -             -
                                __________  __________  ____________
Cash Flows From Financing
 Activities:
  Proceeds from issuance of
   common stock                          -           -        58,776
  Capital contributions                  -           -         3,580
                                __________  __________  ____________
        Net Cash Provided by
          Financing Activities           -           -        62,356
                                __________  __________  ____________
Net Increase in Cash                     -           -             -

Cash at Beginning of the Year            -           -             -
                                __________  __________  ____________
Cash at End of the Year         $        -  $        -  $          -
                                __________  __________  ____________

Supplemental Disclosures of Cash Flow Information:

  Cash paid during the period for:
    Interest                    $        -  $        -  $          -
    Income taxes                $        -  $        -  $          -

Supplemental Schedule of Noncash Investing and Financing
Activities:
  For the year ended June 30, 2000:
     None.

  For the year ended June 30, 1999:
     None





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


6
<PAGE>



                     FIRST DELTAVISION, INC.
                  [A Development Stage Company]

                  NOTES TO FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

  Organization   -  First  Deltavision,  Inc.  (the  Company)   was
  organized  under the laws of the State of Utah on July  31,  1984
  under the name of Aquachlor Marketing.  The Company never engaged
  in  business  activities and was suspended for  failure  to  file
  annual  reports and tax returns.  In December 1988, all  required
  reports and tax returns were filed and the Company was reinstated
  by the State of Utah.

  On December 23, 1988, the Company merged with Aquachlor, Inc.,  a
  Nevada  Corporation,  incorporated on  December  20,  1988.   The
  Nevada  Corporation became the surviving corporation and  changed
  its name to Deltavision, Inc.

  On  March 25, 1997, the Company received a Certificate of Revival
  from the State of Nevada using the name First Deltavision, Inc.

  The  purpose  of  the Company as established by its  Articles  of
  Incorporation is to engage in any lawful activity.   The  Company
  has  not  engaged in any business activities that  have  produced
  significant  revenues and therefore remains a  development  stage
  company.

  Development Stage - The Company is considered a development stage
  company as defined in SFAS no. 7.

  Loss  Per  Share  - The computation of loss per share  of  common
  stock   is  based  on  the  weighted  average  number  of  shares
  outstanding  during  the periods presented,  in  accordance  with
  Statement  of  Financial Accounting Standards No. 128,  "Earnings
  Per Share" [See Note 6].

  Cash and Cash Equivalents - For purposes of the statement of cash
  flows,  the  Company considers all highly liquid debt investments
  purchased  with  a maturity of three months or less  to  be  cash
  equivalents.

  Accounting Estimates - The preparation of financial statements in
  conformity with generally accepted accounting principles required
  management  to  make estimates and assumptions  that  effect  the
  reported  amounts of assets and liabilities, the  disclosures  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 estimated by management.

  Recently  Enacted Accounting Standards - Statement  of  Financial
  Accounting  Standards (SFAS) No. 136, "Transfers of Assets  to  a
  not  for  profit organization or charitable trust that raises  or
  holds  contributions for others", and SFAS No.  137,  "Accounting
  for  Derivative Instruments and Hedging Activities - deferral  of
  the  effective date of FASB statement No. 133 ( an  amendment  of
  FASB  Statement No. 133.)," were recently issued.  SFAS  No.  136
  and  137  have no current applicability to the Company  or  their
  effect   on   the  financial  statements  would  not  have   been
  significant.

  Restatement - The financial statements have been restated for all
  periods presented to reflect a 248.399 for 1 reverse stock  split
  on  April  23, 1997 and a 5 for 1 forward stock split on December
  9, 1988.

  Reclassification -  The financial statements for years  prior  to
  June 30, 2000 have been reclassified to conform with the headings
  and  a  classifications  used  in the  June  30,  2000  financial
  statements.


7
<PAGE>



                     FIRST DELTAVISION, INC.
                  [A Development Stage Company]

                  NOTES TO FINANCIAL STATEMENTS

NOTE 2 - COMMON STOCK

  The  Company issued 22,863 shares of stock upon incorporation for
  $57,576.

  During  the  year ended June 30, 1989 the Company  issued  24,160
  shares of common stock for $1,200.

  During  1996, the Company issued 152,977 shares of its previously
  authorized  but  unissued  common  stock  in  lieu  of  cash  for
  consulting fees valued at $38,000 (or $.25 per share).  Resulting
  in a change in control of the Company.

  During  1997,  the Company approved the issuing of 35,500  common
  stock  for services rendered.  Total proceeds amounted to  $1,255
  (or  $.04  per  share).   The  Company  previously  reported  the
  issuance  as  35,000  shares  of  common  stock.   The  financial
  statements have been restated for the years ended June  30,  1999
  and  1998 to reflect the issuance of an additional 500 shares  of
  common stock related to services previously rendered.

  Stock Split - On December 9, 1988 the Company effected a 5 for  1
  forward  stock split.  On April 23, 1997 the Company  effected  a
  248.399 for 1 reverse stock split.  The financial statements  for
  all  periods presented have been restated to reflect these  stock
  splits.

  Compensation Agreement - In January 2000, the board of  directors
  approved a compensation agreement that included the issuance of a
  total  of  100,000  shares of common stock to  two  shareholders,
  50,000  to  each,  for  services rendered which  were  valued  at
  $1,000.   The  shares were issued in August  2000  for  $.01  per
  share.

NOTE 3 - INCOME TAXES

  The   Company  accounts  for  income  taxes  in  accordance  with
  Statement  of Financial Accounting Standards No. 109  "Accounting
  for  Income Taxes" which requires the liability approach for  the
  effect of income taxes.

  The Company has available at June 30, 2000, unused operating loss
  carryforwards  of  approximately $79,000, which  may  be  applied
  against  future taxable income and which expire in various  years
  through  2020.   If certain substantial changes in the  Company's
  ownership  should occur, there could be an annual  limitation  on
  the  amount  of  net  operating loss carryforward  which  can  be
  utilized.  The amount of and ultimate realization of the benefits
  from the operating loss carryforwards for income tax purposes  is
  dependent,  in  part,  upon the tax laws in  effect,  the  future
  earnings  of the Company and other future events, the effects  of
  which   cannot   be  determined.   Because  of  the   uncertainty
  surrounding the realization of the loss carryforwards the Company
  has established a valuation allowance equal to the tax effect  of
  the  loss carryforwards (approximately $27,000) at June 30,  2000
  and, therefore, no deferred tax asset has been recognized for the
  loss  carryforwards.   The change in the valuation  allowance  is
  approximately $4,400 for the year ended June 30, 2000.

NOTE 4 - RELATED PARTY TRANSACTIONS

  Management  Compensation - During the year ended June  30,  2000,
  the Company did not pay any cash compensation to its officers and
  directors.

  Stock  Compensation - During the year ended June  30,  2000,  the
  Company  approved the issuance of 100,000 shares of common  stock
  for  legal  and  professional services  rendered  pursuant  to  a
  compensation agreement [See Note 2].  The services rendered  were
  valued at $1,000.

  Office  Space  -  The Company has not had a need to  rent  office
  space.   An  officer/shareholder of the Company is  allowing  the
  Company  to use his home as a mailing address, as needed,  at  no
  expense to the Company.


8
<PAGE>


                     FIRST DELTAVISION, INC.
                  [A Development Stage Company]

                  NOTES TO FINANCIAL STATEMENTS

NOTE 4 - RELATED PARTY TRANSACTIONS [Continued]

  Expenses  Paid  -  The  Company's president  has  advanced  the
  Company  funds  to  pay  current costs.  These  advanced  funds
  totaled $14,963 at June 30, 2000, bear no interest and are  due
  to the President when funds become available.

NOTE 5 - GOING CONCERN

  The  accompanying  financial statements  have  been  prepared  in
  conformity  with generally accepted accounting principles,  which
  contemplate  continuation  of the Company  as  a  going  concern.
  However,  the Company has no on-going operations and has incurred
  losses  since  its inception.  Further, the Company  has  current
  liabilities in excess of assets and has no working capital to pay
  its  expenses.  These factors raise substantial doubt  about  the
  ability  of the Company to continue as a going concern.  In  this
  regard, management is proposing to raise any necessary additional
  funds  not provided by operations through loans or through  sales
  of  its  common stock or through a possible business  combination
  with  another  company.  There is no assurance that  the  Company
  will  be  successful  in  raising  this  additional  capital   or
  achieving profitable operations.  The financial statements do not
  include  any  adjustments that might result from the  outcome  of
  these uncertainties.

NOTE 6 - LOSS PER SHARE

  The  following  data  show the amounts used in  computing  income
  (loss)  per  share  and  the effect on income  and  the  weighted
  average  number of shares of dilutive potential common stock  for
  the  years  ended June 30, 2000 and 1999 and for the period  from
  inception on July 31, 1984 through June 30, 2000:



                                                      From Inception
                                  For the Years Ended   on July 31,
                                       June 30,       1984, Through
                                ______________________   June 30,
                                    2000       1999         2000
                                __________  __________  ____________
      Loss from continuing
       operations available
       to  common stockholders
      (numerator)               $  (13,044) $   (7,065) $   (142,212)
                                __________  __________  ____________

      Weighted average number
       of common shares
       outstanding used in
       earnings per share
       during the period
      (denominator)                235,500     235,500        89,125
                                __________  __________  ____________

  Dilutive earnings per share was not presented, as the Company had
  no  common equivalent shares for all periods presented that would
  effect the computation of diluted earnings per share.


9
<PAGE>


                     FIRST DELTAVISION, INC.
                  [A Development Stage Company]

                  NOTES TO FINANCIAL STATEMENTS

NOTE 7 - SUBSEQUENT EVENTS

  Business Opportunity - During May 2000, the Company entered  into
  a  letter of intent in connection with a possible business merger
  with  Pinnacle  VRB,  Ltd.  In connection  with  this  merger,  a
  forward  stock split and company name change were proposed.   The
  proposed  merger  was  not completed and, accordingly,  the  name
  change  and forward stock split were never effected.  The Company
  is continuing to seek out business opportunities.



10
<PAGE>

Item 8.  Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure.
---------------------

     The Company changed independent auditors due to the death of its former
principal accountant as detailed in an 8-K Current Report dated October 10,
2000.  This 8-K Current Report is incorporated herein by reference. See Part
III, Item 13.

                             PART III

Item 9.  Directors, Executive Officers, Promoters and Control Persons;
Compliance with Section 16(a) of the Exchange Act.
--------------------------------------------------

Identification of Directors and Executive Officers.
---------------------------------------------------

     The following table sets forth, in alphabetical order, the names
and the nature of all positions and offices held by all directors and
executive officers of the Company during 2000, and the period or periods
during which each such director or executive officer served in his or her
respective positions.

                                         Date of             Date of
                     Positions           Election or        Termination
   Name                 Held             Designation        or Resignation

David C. Merrell    Director              5/21/96                *
                    President             5/21/96                *

Todd D. Ross        Director and          5/21/96                *
                    Secy./Treasurer       5/21/96                *

Term of Office.
---------------

     The term of office of the current directors shall continue until
the annual meeting of stockholders.  The annual meeting of the Board of
Directors immediately follows the annual meeting of stockholders, at
which officers for the coming year are elected.

Business Experience.
--------------------

     David C. Merrell, Director and President. Mr. Merrell is 42 years of age,
and since 1989, he has been the owner of DCM Finance, a Salt Lake City based
finance company that makes and brokers real estate loans.  Mr. Merrell
received his Bachelor of Science degree in Economics from the University of
Utah in 1981.

     Todd D. Ross.  Mr. Ross is 39 years of age, and since 1995, he has been a
partner in DCM Finance, a Salt Lake City Based finance company.  Mr. Ross
developed and manages DCM's Internet site.  He also reviews and submits
venture capital proposals for funding.  Since 1991, Mr. Ross has also been the
Lighting Director for the Utah Shakespearean Festival.

Family Relationships.
---------------------

     There are no family relationships between any directors or executive
officers of the Company, either by blood or by marriage.

Involvement in Certain Legal Proceedings.
-----------------------------------------

     Except as indicated below and to the knowledge of management,
during the past five years, no present or former director, person nominated to
become a director, executive officer, promoter or control person of the
Company:

          (1)  Was a general partner or executive officer of any business
               by or against which any bankruptcy petition was filed,
               whether at the time of such filing or two years prior
               thereto;

          (2)  Was convicted in a criminal proceeding or named the subject
               of a pending criminal proceeding (excluding traffic
               violations and other minor offenses);

          (3)  Was the subject of any order, judgment or decree, not
               subsequently reversed, suspended or vacated, of any court of
               competent jurisdiction, permanently or temporarily enjoining
               him from or otherwise limiting, the following activities:

               (i)  Acting as a futures commission merchant, introducing
                    broker, commodity trading advisor, commodity pool
                    operator, floor broker, leverage transaction merchant,
                    associated person of any of the foregoing, or as an
                    investment adviser, underwriter, broker or dealer in
                    securities, or as an affiliated person, director or
                    employee of any investment company, bank, savings and
                    loan association or insurance company, or engaging in
                    or continuing any conduct or practice in connection
                    with such activity;

                  (ii)   Engaging in any type of business practice; or

                 (iii)   Engaging in any activity in connection with the
                         purchase or sale of any security or commodity or
                         in connection with any violation of federal or
                         state securities laws or federal commodities
                         laws;

          (4)  Was the subject of any order, judgment or decree, not
               subsequently reversed, suspended or vacated, of any federal
               or state authority barring, suspending or otherwise limiting
               for more than 60 days the right of such person to engage in
               any activity described above under this Item, or to be
               associated with persons engaged in any such activity;

          (5)  Was found by a court of competent jurisdiction in a civil
               action or by the Securities and Exchange Commission to have
               violated any federal or state securities law, and the
               judgment in such civil action or finding by the Securities
               and Exchange Commission has not been subsequently reversed,
               suspended, or vacated; or

          (6)  Was found by a court of competent jurisdiction in a civil
               action or by the Commodity Futures Trading Commission to
               have violated any federal commodities law, and the judgment
               in such civil action or finding by the Commodity Futures
               Trading Commission has not been subsequently reversed,
               suspended or vacated.

Compliance with Section 16(a) of the Exchange Act.
--------------------------------------------------

     On or about May 13, 1998, each of the Company's current
directors and executive officers filed with the Securities and Exchange
Commission an Initial Statement of Beneficial Ownership of Securities on Form
3.

     On August 18, 2000, David C. Merrell filed with the Securities and
Exchange Commission a Statement of Changes in Beneficial Ownership on Form 4.

Item 10. Executive Compensation.
--------------------------------

Cash Compensation.
------------------

     The following table sets forth the aggregate compensation paid by
the Company for services rendered during the periods indicated:

                    SUMMARY COMPENSATION TABLE


                           Long Term Compensation

                    Annual Compensation   Awards  Payouts

(a)             (b)   (c)   (d)   (e)   (f)   (g)   (h)    (i)

                                              Secur-
                                              ities        All
Name and   Year or               Other  Rest- Under- LTIP  Other
Principal  Period   Salary Bonus Annual rictedlying  Pay- Comp-
Position   Ended      ($)   ($)  Compen-Stock Optionsouts ensat'n
-----------------------------------------------------------------
[S]         [C]       [C]   [C]   [C]   [C]    [C]   [C]  [C]

David C.
Merrell,     6/30/99    0     0     0     0      0     0   0
President,   6/30/00    0     0     0     0      0     0   0
Director

Todd D.
Ross         6/30/99    0     0     0     0      0     0   0
Secretary/   6/30/00    0     0     0     0      0     0   0
Treasurer,
Director

     No cash compensation, deferred compensation or long-term incentive
plan awards were issued or granted to the Company's management during the
fiscal years ending June 30, 2000, and 1999, or the period ending on
the date of this Report.  Further, no member of the Company's management has
been granted any option or stock appreciation right; accordingly, no tables
relating to such items have been included within this Item.  See the Summary
Compensation Table of this Item.

Compensation of Directors.
--------------------------

     There are no standard arrangements pursuant to which the Company's
directors are compensated for any services provided as director.  No
additional amounts are payable to the Company's directors for committee
participation or special assignments.

     There are no arrangements pursuant to which any of the Company's
directors was compensated during the Company's last completed fiscal year or
the previous two fiscal years for any service provided as director.  See the
Summary Compensation Table of this Item.

Termination of Employment and Change of Control Arrangement.
------------------------------------------------------------

     There are no compensatory plans or arrangements, including
payments to be received from the Company, with respect to any person named in
the Summary Compensation Table set out above which would in any way result in
payments to any such person because of his or her resignation, retirement or
other termination of such person's employment with the Company or its
subsidiaries, or any change in control of the Company, or a change in the
person's responsibilities following a change in control of the Company.

Item 11. Security Ownership of Certain Beneficial Owners and Management.
------------------------------------------------------------------------

Security Ownership of Certain Beneficial Owners.
------------------------------------------------

     The following table sets forth the share holdings of those persons
who own more than five percent of the Company's common stock as of June 30,
2000 and as of the date of this report:

                                         Number and Percentage
                                   of Shares Beneficially Owned

Name and Address                        6/30/00               Today

David C. Merrell                     136,648   58.02%     186,648    55.63%
9005 Cobble Canyon Lane
Sandy, Utah 84093

Leonard W. Burningham, Esq.           29,050   12.34%      79,050    23.56
455 East 500 South, Suite #205
Salt Lake City, Utah 84111

TOTALS                               165,698   70.36%     265,698    79.19%

     On August 16, 2000, 50,000 shares were issued to David C. Merrell and
50,000 shares were issued to Leonard W. Burningham, Esq. for services
rendered.  These shares were to be issued under an S-8 Registration Statement
that has not yet been filed, as outlined in the Company's Proxy Statement
filed with the Securities and Exchange Commission on January 18, 2000, which
is incorporated herein by reference.  See Part III, Item 13.

Security Ownership of Management.
---------------------------------

     The following table sets forth the share holdings of the Company's
directors and executive officers as of June 30, 2000 and as of the date of
this Report:

                                      Number and Percentage
                               of Shares Beneficially Owned

Name and Address                          6/30/00              Today

David C. Merrell                     136,648    58.02%   186,648     55.715%
9005 Cobble Canyon Lane
Sandy, Utah 84093

Todd D. Ross                           4,027     1.71%     4,027      1.202%
38 South 1650 West
Cedar City, Utah 84720

TOTALS                               140,675    59.73%   190,675     56.917%

Changes in Control.
-------------------

     There are no present arrangements or pledges of the Company's securities
which may result in a change in its control.

Item 12. Certain Relationships and Related Transactions.
--------------------------------------------------------

     The following transactions occurred between the Company and members of
management, five percent stockholders and promoters or founders of the Company
during the past three fiscal years:

     Issuance of 5,000 shares of "restricted securities" of the Company to
     Raymond Wilson in October 1997.

-     Issuance of 50,000 shares of "restricted securities" of the Company to
      David C. Merrell in August, 2000.

-     Issuance of 50,000 shares of "restricted securities" of the Company to
      Leonard W. Burningham in August, 2000.

Item 13. Exhibits and Reports on Form 8-K.
------------------------------------------

Reports on Form 8-K.
--------------------

     8-K Current Report dated October 10, 2000, filed with the Securities and
Exchange Commission on October 11, 2000.

                                             Exhibit
Exhibits*                                    Number

          (i)

          Financial Data Schedule              27

          (ii)                   Where Incorporated
                                   In This Report

Form 10-SB Registration Statement,                 Part I              **
as amended filed on December 16, 1997

Form 10-KSB Annual Report for the                  Part I              **
fiscal year ended June 30, 1999

Proxy Statement filed with the                     Part I, II          **
Securities and Exchange Commission
on January 18, 2000

Proxy Statement filed with the                     Part I, II          **
Securities and Exchange Commission
on June 6, 2000

      *   A summary of any Exhibit is modified in its entirety by reference
          to the actual Exhibit.

     **   These documents and related exhibits have previously been filed
          with the Securities and Exchange Commission and are incorporated
          herein by this reference.

                            SIGNATURES

          Pursuant to the requirements of Section 13 or 15(d) 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.

                                  FIRST DELTAVISION, INC.


Date: 11/13/00                    By/s/David C. Merrell
                                  David C. Merrell
                                  President and Director


Date: 11/13/00                    By/s/Todd D. Ross
                                  Todd D. Ross
                                  Secretary/Treasurer and Director

          Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, this Report has been signed below by the following persons
on behalf of the Registrant and in the capacities and on the dates indicated:

                                  FIRST DELTAVISION, INC.


Date: 11/13/00                    By/s/David C. Merrell
                                  David C. Merrell
                                  President and Director


Date: 11/13/00                    By/s/Todd D. Ross
                                  Todd D. Ross
                                  Secretary/Treasurer and Director