**SECURITIES AND EXCHANGE COMMISSION                                                      WASHINGTON, D.C. 20549**                                                                **FORM 10-QSB**[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE      SECURITIES EXCHANGE ACT OF 1934                  For the quarterly period ended **March 31, 2003**[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE     SECURITIES EXCHANGE ACT OF 1934                                                Commission File Number: 0-24696                                   **AMERICAN ENTERPRISE CORPORATION**                                   (Exact Name of Registrant as Specified in its Charter)         **FLORIDA**                                                                                                    ** 59-3248917**(State or other jurisdiction of                                                                                   (I.R.S. Employerincorporation or organization)                                                                                  Identification No.)                                      ** 525 West Lemon Street, Tampa, Florida 33609**                                         (Address of Principal Executive Offices) (Zip Code)                                    egistrants Telephone Number, including area code: **(813)-287-9733**Indicate by check mark whether the registrant (1) has filed all reports requiredto be filed by Section 13 or 15 (d) of the Securities Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was requiredto file such reports), and (2) has been subject to such filing requirements forthe past 90 days. YES [X] NO [ ]Indicate the number of shares outstanding of each of the issuers classes ofcommon stock as of the latest practicable date:Class: Common Stock, No Par Value Outstanding at March 31, 2003, **37,650,395**Transitional Small Business Disclosure Format (check one) YES [ ] NO [X] 

**AMERICAN ENTERPRISE CORPORATION(FORMERLY AMERICAN ENTERPRISE.COM CORPORATION)FINANCIAL STATEMENTSMarch 31, 2003** 

TABLE OF CONTENTS

                                                                                                                                      **PAGE****FINANCIAL STATEMENTS**BALANCE SHEET                                                                                                              2STATEMENT OF OPERATIONS                                                                                       3STATEMENT OF CASH FLOWS                                                                                       4STATEMENT OF STOCKHOLDERS EQUITY                                                                5NOTES TO FINANCIAL STATEMENTS                                                                      6-11 

**AMERICAN ENTERPRISE CORPORATION(FORMERLY AMERICAN ENTERPRISE.COM CORPORATION)BALANCE SHEETMARCH 31, 2003**

**ASSETS**CURRENT ASSETS Accounts receivable, net of zero allowance Other Current Assets                                                                                       $ 8,810 Total current assets                                                                                             1,290TOTAL ASSETS                                                                                           $ 10,100 **LIABILITIES AND STOCKHOLDERS (DEFICIT)**CURRENT LIABILITIES Accounts payable                                                                                          $ 280,055 Accrued liabilities                                                                                                11,860Total current liabilities                                                                                        291,914 STOCKHOLDERS (DEFICIT) Common stock, $.001 par value, 50,000,000 authorized, 19,982,965 shares issued and outstanding                                                                                                          37,650 Preferred stock, $.002 par value, 20,000,000 authorized, 368,815 shares issued and outstanding                                                                                                                   0 Additional paid in capital                                                                                 1,688,819 Retained deficit                                                                                              (2,008,283) Total stockholders (deficit)                                                                               (281,814) TOTAL LIABILITIES AND STOCKHOLDERS (DEFICIT)                           $ 10,100  

The accompanying notes are an integral partof these financial statements.2

 **AMERICAN ENTERPRISE CORPORATION(FORMERLY AMERICAN ENTERPRISE.COM CORPORATION)STATEMENT OF OPERATIONSFOR THE PERIOD JANUARY 1, 2003 TO MARCH 31, 2003**

REVENUES Gross revenue                                                                                                    $ 5,812 Less: Discounts                                                                                                       (934)Net revenues                                                                                                         4,878 COST OF GOODS SOLD                                                                                 15,177 GROSS PROFIT                                                                                              (10,300) OPERATING EXPENSES Sales & Marketing expense                                                                                 69,123 Development expense                                                                                        111,464 Customer service expense                                                                                    32,414 General and administrative expense                                                                     356,392 TOTAL OPERATING EXPENSES                                                                   569,392 NET LOSS                                                                                                       (579,692) Loss on Conversion of Preferred Stock to Common Stock                                   (15,530)NET LOSS APPLICABLE TO COMMON STOCK HOLDERS                  $ (595,222)  

The accompanying notes are an integral partof these financial statements.3A**MERICAN ENTERPRISE CORPORATION(FORMERLY AMERICAN ENTERPRISE.COM CORPORATION)STATEMENT OF CASH FLOWSFOR THE PERIOD JANUARY 1, 2003 TO MARCH 31, 2003**

CASH FLOWS FROM OPERATING ACTIVITIES Net (loss)                                                                                                        $ (579,692) (Increase) decrease in assets: Accounts receivable                                                                                                (3,588) Other Current Assets                                                                                              (1,290) Increase (decrease) in liabilities: Accounts payable                                                                                                   16,139 Accrued liabilities                                                                                                  (70,369) Total adjustments                                                                                                   (59,108) Net cash (used) in operating activities                                                                    (638,800) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issuance of common stock                                                                638,800 Net cash provided by financing activities                                                                   638,800 NET INCREASE (DECREASE) IN CASH - CASH, BEGINNING OF THE PERIOD - CASH, END OF THE PERIOD $ -  

Read independent auditors report.the accompanying notes are an integral partof these financial statements.4**AMERICAN ENTERPRISE CORPORATION(FORMERLY AMERICAN ENTERPRISE.COM CORPORATION)STATEMENT OF STOCKHOLDERS (DEFICIT)FOR THE PERIOD JANUARY 1, 2003 TO MARCH 31, 2003**

                                                                                                    Additional             Common           Stock        Preferred         Stock             Paid-In           Retained             Shares              Value          Shares           Value              Capital             Deficit            Total          9,982,965          19,983         368,815          738             1,066,948        (1,428,591)   (340,921)             899,000              899                                                       178,901                                179,800              500,000             500                                                         99,500                                100,000           16,268,430       16,268        (368,815)        (738)               359,000                                374,530                                                                                                        (15,530)                                (15,530)                                                                                                                               (579.602)      (579,602)          _________        ______       ________       ______          ________       _________      ________          37,650,395        37,650                   -               -               1,688,819       (2,008,283)     (281,813) 

**AMERICAN ENTERPRISE CORPORATION(FORMERLY AMERICAN ENTERPRISE.COM CORPORATION)NOTES TO FINANCIAL STATEMENTSMARCH 31, 2003** 

NOTE A  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESThis summary of significant accounting policies of American EnterpriseCorporation (the Company) is presented to assist in understanding theCompanys financial statements. The financial statements and notes are therepresentation of the Companys management who is responsible for theirintegrity and objectivity. These accounting policies conform to accountingprinciples generally accepted in the United States of America consistentlyapplied in the preparation of the financial statements.Nature of OperationsAmerican Enterprise Corporation (the Company), formerly AmericanEnterprise.Com, Corp., was organized under the laws of the State of Florida inJune 1994 under the name National Diagnostics, Inc. During 1998, the Companychanged its corporate name to American Enterprise.Com, Corporation. The Companys mission is to consolidate, through acquisition, merger and jointventure, Application Service Provider (ASP) delivered software and services.The Company initially intends to consolidate ASPs relating to the healthcareindustry. Once acquired, the Company intends to organize the healthcare andrelated ASP delivered software and services into five distinct categories, andto act as a hub through which users exchange information, conduct transactionsand communicate in realtime.HealthCentrics, Inc., was organized under the laws of the State of Florida onFebruary 22, 2002. HealthCentrics, Inc. was formed to organize, develop andmarket a suite of Web-based medical accounting, billing and managementinformation services to third party billing companies, practice management andhealthcare provider organizations. Reverse Merger Method of AccountingFollowing the acquisition, the former stockholders of HealthCentrics, Inc. wereissued approximately 89% of the outstanding shares of American EnterpriseCorporations $0.001 par value common stock. In accordance with accountingprinciples generally accepted in the United States of America, the Companysacquisition of HealthCentrics, Inc. has been accounted for as a reverse merger.As a result, HealthCentrics, Inc. has been treated as the acquiring entity andAmerican Enterprise Corporation has been treated as the acquired entity foraccounting purposes. The historical financial statements of HealthCentrics, Inc. have become thehistorical financial statements of American Enterprise Corporation in connectionwith the acquisition. Similarly, the historical equity and retained deficit ofHealthCentrics, Inc. prior to the acquisition have been retroactively restatedfor the equivalent number of shares issued in connection with the acquisition.The balance sheet reflects the financial position of American EnterpriseCorporation at December 31, 2002. The related statements of operations, cashflow and stockholders (deficit) reflect the operations of American EnterpriseCorporation for the period ended December 31, 2002. 

6 **AMERICAN ENTERPRISE CORPORATION(FORMERLY AMERICAN ENTERPRISE.COM CORPORATION)NOTES TO FINANCIAL STATEMENTSMARCH 31, 2003** 

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(CONTINUED)Principles of ConsolidationThe consolidated financial statements include the accounts of AmericanEnterprise Corporation (formerly American Enterprise.Com Corp.) and its whollyowned subsidiary HealthCentrics, Inc. All significant intercompany accounts andtransactions have been eliminated. Basis of AccountingThe Company maintains its financial records and financial statements on theaccrual basis of accounting. The accrual basis of accounting provides formatching of revenues and expenses.Cash and Cash EquivalentsFor purposes of the statement of cash flows, the Company considers amounts heldby financial institutions and shortterm investments with an original maturityof 90 days or less to be cash and cash equivalents.Use of EstimatesThe preparation of financial statements in conformity with generally acceptedaccounting principles requires management to make estimates and assumptions thataffect the reported amounts of assets and liabilities and disclosure ofcontingent assets and liabilities at the date of the financial statements andthe reported amounts of revenues and expenses during the reporting period.Actual results could differ from those estimates.Advertising CostsAdvertising costs are expensed as incurred.Income Taxes The Company records its federal and state tax liability in accordance withFinancial Accounting Standards Board Statement No. 109 Accounting for IncomeTaxes. The deferred taxes payable are recorded for temporary differencesbetween the recognition of income and expenses for tax and financial reportingpurposes, using current tax rates. Deferred assets and liabilities represent thefuture tax consequences of those differences, which will either be taxable ordeductible when the assets and liabilities are recovered or settled.Since its inception, the Company has accumulated a loss of $2,134,456 for incometax purposes, which can be used to offset future taxable income through 2022. Asof March 31, 2003, no deferred taxes were recorded in the accompanying financialstatements. 

7 **AMERICAN ENTERPRISE CORPORATION(FORMERLY AMERICAN ENTERPRISE.COM CORPORATION)NOTES TO FINANCIAL STATEMENTSMARCH 31, 2003** 

NOTE B - AMENDMENT OF ARTICLES OF INCORPORATIONDuring the year ended December 31, 2002, American Enterprise Corporationapproved an amendment to its articles of incorporation to change the name of thecompany from American Enterprise.Com, Corp. to American Enterprise Corporation.NOTE C - CAPITAL STOCK Common StockThe Company is authorized to issue 50 million shares of common stock with a parvalue of $0.001 per share. As of March 31, 2003, there were 37,650,365 sharesissued and outstanding. Each share of common stock has one vote on all mattersacted upon by the shareholders.Preferred StockThe Company is authorized to issue 20 million shares of preferred stock with apar value of $0.002 per share. As of Macrh 31, 2003, there were no preferredshares issued and outstanding.Stock IssuancesDuring the time period of January 1 to March 31, 2003 the Company issued 899,000common shares valued at $179,800 for cash, 500,000 commons shares valued at$100,000 for consulting services, and 16,268,430 common shares for the purposeof converting 368,815 shares of preferred stock to common stock. Read independent auditors report.11The accompanying notes are an integral partof these financial statements.5