SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                   FORM 10QSB/A


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


For Quarter Ended                                      Commission File Number
June 30, 2001                                                 0114873


                   ROCKY MOUNTAIN FINANCIAL ENTERPRISES, INC.
                 ---------------------------------------------
             (Exact name of registrant as specified in its charter)


                  Colorado                           84-1384961
         ------------------------                    --------------------
         (State of incorporation)                    (I.R.S. Employer
                                                     Identification No.)

             10200 W. 44th Avenue, Suite 400, Wheat Ridge, CO 80033
         -------------------------------------------------------------
              (Address of principal executive offices)  (Zip Code)

Registrant's telephone number, including area code: (303) 422-8127


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 the  filing
requirements for at least 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 practicable date.

                   19,871,328 common shares as of June 30, 2001


<PAGE>



Part I:  FINANCIAL INFORMATION


 Part I:                    FINANCIAL INFORMATION

                   ROCKY MOUNTAIN FINANCIAL ENTERPRISES, INC.
                                   (Unaudited)


<PAGE>
<TABLE>
<CAPTION>
                   ROCKY MOUNTAIN FINANCIAL ENTERPRISES, INC.
                      BALANCE SHEETS (Stated in US Dollars)
                             (Unaudited--See Note 1)



                                            ASSETS
                                            ------
<S>                                                                          <C>                       <C>

                                                                                  June 30,              Dec.31,
                                                                                   2001                  2000
                                                                             -----------------         --------------------
Property, plant and equipment:                                                              -
      Office and computer equipment                                                   774,064                      774,064
          Less accumulated depreciation                                              (212,505)                    (172,505)
                                                                             -----------------         --------------------
                                                                                      561,559                      601,559
                                                                             -----------------         --------------------
Other assets:
      Deposits                                                                         80,000                       -
      Certificates of deposit - restricted                                                  -                     167,078

                                                                             -----------------         --------------------
          Total other assets                                                                -                     167,078
                                                                             -----------------         --------------------
          Total Assets                                                              $ 641,559                   $ 768,637
                                                                             =================         ====================

                                       LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

Current liabilities:
      Accounts payable                                                            $ 4,252,303                  $ 4,157,834
      Accrued liabilities                                                           1,644,196                    1,082,608
      Notes payable                                                                 1,892,900                    1,813,919
      Secured Convertible Debt                                                      3,664,002                    3,584,002

                                                                             -----------------         --------------------
          Total current liabilities                                                11,453,401                   10,638,363
                                                                             -----------------         --------------------


Stockholders' equity (deficit):
      Common stock - $.01 par; authorized 20,000,000 shares;
          19,871,328, and 16,751,621 issued and outstanding, respectively          22,781,369                  22,781,369
      Additional paid-in capital                                                            -                        -
      Accumulated deficit                                                         (33,593,211)                (32,651,095)
                                                                             -----------------         --------------------
          Total stockholders' equity (deficit)                                    (10,811,842)                 (9,869,726)
                                                                             -----------------         --------------------
          Total liabilities and stockholders' equity (deficit)                      $ 641,559                   $ 768,637
                                                                             =================         ====================




</TABLE>


                                    SEE ACCOMPANYING NOTES

                                              F-1




<PAGE>
<TABLE>
<CAPTION>






                   ROCKY MOUNTAIN FINANCIAL ENTERPRISES, INC.
                          (A Development Stage Company)

                             STATEMENT OF OPERATIONS
                 for the three months ended June 30, 2001 & 2000
                             (Stated in US Dollars)
                            (Unaudited - See Note 1)



                                                                          Three months ended
                                                                               June 30
<S>                                                         <C>                    <C>

                                                                         2001                   2000
                                                                         ----                   ----

Revenue                                                               $  13,115                 $ 383,538
                                                            --------------------   -----------------------

Operating expenses:
      Sales and marketing                                                  -                      765,193
      Research and development                                             -                      443,448
      Site services                                                        -                      190,049
      General and administrative                                        515,231                 1,747,918
      Depreciation and amortization                                      40,000                      -
                                                            --------------------   -----------------------
          Total expenses                                                555,231                 3,146,608
                                                            --------------------   -----------------------
          Loss from operations                                         (542,116)               (2,763,070)

Other income (expense):
      Other income                                                        -                         1,909

      Interest expense                                                    -                         3,372
                                                            --------------------   -----------------------
          Net loss                                                   $ (540,116)             $ (2,764,533)
                                                            ====================   =======================

Basic net loss per share                                                $ (0.03)                  $ (0.15)
                                                            ====================   =======================

Weighted average common shares outstanding                           19,871,328                18,215,729
                                                            ====================   =======================



</TABLE>


                                    SEE ACCOMPANYING NOTES

                                              F-2
<PAGE>
<TABLE>
<CAPTION>

                   ROCKY MOUNTAIN FINANCIAL ENTERPRISES, INC.
                      CONSOLIDATED STATEMENT OF OPERATIONS




<S>                                                                        <C>                           <C>

                                                                              Six Months Ended              Six Months Ended
                                                                               June 30, 2001                 June 30, 2000
                                                                           -----------------------       -----------------------
                                                                                (Unaudited)                   (Unaudited)

Revenue                                                                                  $ 13,115                     $ 674,174
                                                                           -----------------------       -----------------------

Operating expenses:
       Sales and marketing                                                                      -                     1,621,340
       Research and development                                                                 -                     1,462,784
       General and administrative                                                         515,231                     3,504,247
       Depreciation and Amortization                                                       40,000                       524,325

                                                                           -----------------------       -----------------------
            Total expenses                                                                555,231                     7,112,696
                                                                           -----------------------------------------------------
            Loss from operations                                                         (542,116)                   (6,438,522)
Other income (expense):
       Other income                                                                             -                         9,139
       Accrued Interest expense                                                          (402,000)                        5,013
                                                                           -----------------------       -----------------------
            Net loss                                                                   $ (944,116)                 $ (6,424,370)
                                                                           =======================       =======================

Basic net loss per share                                                                  $ (0.05)                      $ (0.32)
                                                                           =======================       =======================

Weighted average common shares outstanding                                             19,871,328                    19,871,328
                                                                           =======================       =======================




</TABLE>
                             SEE ACCOMPANYING NOTES
                                      F-3

<PAGE>
<TABLE>
<CAPTION>




                                 ROCKY MOUNTAIN FINANCIAL ENTERPRISES, INC.
                                         STATEMENT OF CASH FLOWS
                           for the six months ended June 30, 2001 and 2000
                                         (Stated in US Dollars)
                                        (Unaudited - See Note 1)

<S>                                                                            <C>                       <C>


                                                                                 Six Months Ended             Six Months Ended
                                                                                   June 30, 2001               June 30, 2000
                                                                               ----------------------    ---------------------------
                                                                                    (Unaudited)                 (Unaudited)
Cash flows from operating activities:
      Net loss                                                                            $ (942,116)                  $ (6,424,370)
          Adjustments to reconcile net loss to
             net cash used in operating activities:
               Depreciation                                                                   40,000                          4,088
               Issuance of stock for services                                                                                     -
               Changes in operating assets and liabilities:
                    Accounts receivable                                                            -                       (100,697)
                    Other assets                                                                   -                              -
                    Accounts payable and accrued liabilities                                 654,057                     (2,147,908)
                                                                               ----------------------    ---------------------------
                    Net cash used in operating activities                                   (248,059)                    (8,668,887)
                                                                               ----------------------    ---------------------------

Cash flows from investing activities:
      Purchase of certificates of deposit                                                    167,078                         (6,093)
      Purchase of property and equipment                                                           -                       (595,253)
      Acquisition of Software                                                                (80,000)                      (129,252)
                                                                               ----------------------    ---------------------------
                    Net cash used in investing activities                                     87,078                       (730,598)
                                                                               ----------------------    ---------------------------

Cash flows from financing activities:
      Notes payable to stockholders                                                                -                              -
      Net Change in Notes Payables                                                            78,981                        590,500
      Net Change in Convertible Debt                                                          80,000                              -
      Proceeds from issuance of Warrants and Stock                                                 -                      8,907,229
                                                                               ----------------------    ---------------------------
                    Net cash provided by financing activities                                158,981                      9,497,729
                                                                               ----------------------    ---------------------------

Net increase in cash and cash equivalents                                                          -                         98,244

Cash and cash equivalents, beginning of period                                                     -                         84,824
                                                                               ----------------------    ---------------------------

Cash and cash equivalents, end of period                                                         $ -                      $ 183,068
                                                                               ======================    ===========================

Interest paid                                                                                $ 1,200                            $ -
                                                                               ======================    ===========================

</TABLE>


                             SEE ACCOMPANYING NOTES

                                       F-4
<PAGE>
<TABLE>
<CAPTION>
                   ROCKY MOUNTAIN FINANCIAL ENTERPRISES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                        STATEMENT OF STOCKHOLDER'S EQUITY
<S>                                <C>                      <C>                 <C>              <C>                   <C>
                                                                                                     Deficit
                                                                                                   Accumulated
                                                              Common Stock                         During the
                                               ------------------------------------------------    Development
                                    Price per share         Shares             Amount                Stage              Totals
                                  -----------------------   ------------------  ---------------- -------------------- --------------
Balance -  December 3, 1993                                                  0                $0                   $0            $0

Stock issued for services - December 3, 1993        0.001               52,000                52                    0            52
                                                             ------------------  ---------------- -------------------- -------------
Balance - December 31, 1993                                             52,000                52                    0            52
                                                             ------------------  ---------------- -------------------- -------------

Stock issued for services -  March 31, 1994         0.001              948,000               948                    0           948
Stock issued for cash - June 16, 1994                0.25               28,000             7,000                    0         7,000
Stock issued for cash - July 14, 1994                0.25                  800               200                    0           200
Stock issued for cash - July 15, 1994                0.25                4,000             1,000                    0         1,000
Stock Issued for cash - July 25, 1994                0.25                2,000               500                    0           500
Stock Issued for cash - July 31, 1994                0.25                2,200               550                    0           550
Stock Issued for cash - August 1, 1994               0.25                  400               100                    0           100
Stock Issued for cash - August 9, 1994               0.25               20,000             5,000                    0         5,000
Stock Issued for cash - September 13, 1994           0.25               12,000             3,000                    0         3,000
Stock Issued for services - September 15, 1994       0.25               10,000             2,500                    0         2,500
Stock Issued for services - September 21, 1994       0.25              100,000            25,000                    0        25,000
Stock Issued for cash - September 23, 1994           0.25                  160                40                    0            40
Stock Issued for cash - September 25, 1994           0.25                  200                50                    0            50
Stock Issued for cash - September 26, 1994           0.25                  268                67                    0            67
Stock Issued for cash - October 6, 1994              0.25                4,000             1,000                    0         1,000
Net loss for year                                                            0                 0              (76,381)      (76,381)
                                                             ------------------  ---------------- -------------------- -------------
Balance -   December 31, 1994                                        1,184,028            47,007              (76,381)      (29,374)
                                                             ------------------  ---------------- -------------------- -------------

Net loss for year                                                            0                 0               (8,820        (8,820)
                                                              -----------------  ---------------- -------------------- -------------
Balance -   December 31, 1995                                        1,184,028            47,007              (85,201)      (38,194)
                                                             ------------------  ---------------- -------------------- -------------

Stock issued for cash - February 15, 1996            0.25                8,000             2,000                    0         2,000
Stock issued for cash - October 26, 1996             0.05              250,000            12,500                    0        12,500
Net loss for year                                                            0                 0              (34,649)      (34,649)
                                                             ------------------  ---------------- -------------------- -------------
Balance - December 31, 1996                                          1,442,028            61,507             (119,850)      (58,343)
                                                             ------------------  ---------------- -------------------- -------------

Net loss for year                                                            0                 0               (3,493)       (3,493)
                                                             ------------------  ---------------- -------------------- -------------
Balance - December 31, 1997                                          1,442,028            61,507             (123,343)      (61,836)
                                                             ------------------  ---------------- -------------------- -------------

Net loss for year                                                            0                 0                 (950)         (950)
                                                             ------------------  ---------------- -------------------- -------------
Balance - December 31, 1998                                          1,442,028            61,507             (124,293)      (62,786)
                                                             ------------------  ---------------- -------------------- -------------

Net loss for year                                                            0                 0                 (950)         (950)
                                                             ------------------  ---------------- -------------------- -------------
Balance - December 31, 1999                                           1,442,028           $61,507            ($125,243)    ($63,736)
                                                             ------------------  ---------------- -------------------- -------------
Stock dividend declared & issued (see Note 7)                           433,028               433                 (433)           0

Net Loss for six months                                                                                         (4,000)      (4,000)
                                                             ------------------  ---------------- -------------------- -------------
                                                                      1,875,056            61,940             (129,676)     (67,736)
                                                             ==================  ================ ==================== =============

</TABLE>

                             SEE ACCOMPANYING NOTES
                                        F-5

<PAGE>



                   ROCKY MOUNTAIN FINANCIAL ENTERPRISES, INC.
                          (A Development Stage Company)
                          Notes To Financial Statements
                                  June 30, 2001
                                    Unaudited

Note A- Summary of Significant Accounting Policies:

A Summary of the significant  accounting  policies  consistently  applied in the
preparation of the accompanying financial statements follows:

1.  Development Stage Company.
    -------------------------

Rocky Mountain  Financial  Enterprises,  Inc. was incorporated  December 2, 1993
under the laws of the State of  Colorado  for the  purpose  of  engaging  in the
transactions of all lawful business. The company is in the development stage.

    Presentation of Interim Information
    -----------------------------------

In the opinion of the management of Rocky Mountain Financial Enterprises,  Inc.,
the accompanying  unaudited financial  statements include all normal adjustments
considered  necessary to present  fairly the  financial  position as of June 30,
2001, and the results of  operations,  and cash flows for the three months ended
June 30,  2001 and 2000.  Interim  results  are not  necessarily  indicative  of
results for a full year.

The financial  statements and notes are presented as permitted by Form 10-Q, and
do not contain certain  information  included in the Company's audited financial
statements and notes for the fiscal year ended December 31, 2000.

2.  Basis of Accounting
    -------------------

The financial statements are presented on the accrual basis of accounting.

The Corporation's fiscal year end is December 31.

Organizational costs are being amortized over a 60-month period.

Cash Equivalents:
-----------------

For purposes of the statement of cash flows, the Corporation  considers all cash
and other highly liquid  investments with initial  maturities of three months or
less to be cash equivalents.

Estimates:
----------

The preparation of financial  statements in conformity  with generally  accepted
accounting principles requires management to make estimates and assumptions that
affect certain  reported amounts and  disclosures.  Accordingly,  actual results
could differ from those estimates.

Net Loss Per Share:
-------------------

Net loss per share is based on the weighted  average number of common shares and
common share equivalents outstanding during the period.

                                       F-6



<PAGE>



ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS

The company  continues to have no active  business  operations or revenues.  Its
debts at period end exceeds scheduled assets by $10,410,000  approximately.  The
company  must settle or convert such debt to equity in order to conduct any plan
of business  operations and there is no assurance that  settlement or conversion
can occur.

RESULTS OF OPERATIONS FOR THREE MONTH PERIOD IN 2000 COMPARED TO THE SAME PERIOD
IN 2000.

The Company experienced  $555,231 in expenses for the three month period in 2001
and  $3,146,608 in 2000. The Company had  miscellaneous  revenues of $13,115 for
the period in 2001 and  $383,538  in revenue in the period in 2000.  The Company
recorded  losses for the period in 2001 of $(542,116)  and  $(2,764,533)  in the
same period in 2000. The Company will continue to experience losses until income
can be achieved through business operations.  While the Company may seek capital
sources for investment;  there is no assurance that such can be found.  Loss per
share for the period was $.03 in 2001 and $.15 in 2000.

RESULTS OF  OPERATIONS  FOR THE SIX MONTHS ENDED JUNE 30, 2001,  COMPARED TO THE
SAME PERIOD IN 2000.

The company had $13,115 in revenue in the six month ended June 30, 2001 compared
to  $$674,174 in revenue in the same period in 2000.  The enormous  reduction in
revenue was as a result of suspension of business  operations in 2001 due to the
internet related business collapse. The company incurred expenses of $555,231 in
the six month in 2001 and  accrued  interest  of  $400,000 on its debt for a net
loss of  ($942,116)for  the period compared to a net loss of ($6,424,370) in the
six month  period in 2000.  The net loss per  share was  ($.05)in  the six month
period in 2001 compared to ($.32) in the same period in 2000.

Losses will  continue until business revenues can be achieved of which
there is no assurance.

LIQUIDITY AND CAPITAL RESOURCES

The Company had no cash  capital at the end of the period.  The Company  will be
forced to either  borrow or make  private  placements  of stock in order to fund
operations.  No  assurance  exists as to the  ability to  achieve  loans or make
private placements of stock.


                           PART II - OTHER INFORMATION

ITEM 1.           LEGAL PROCEEDINGS

                  None

ITEM 2.           CHANGES IN SECURITIES

                  None

ITEM 3.           DEFAULT UPON SENIOR SECURITIES

                  None



<PAGE>



ITEM 4.           SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

                  None

ITEM 5.           OTHER INFORMATION

                  None

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

                  8-K12G3/A filed on 2/12/01

<PAGE>


                                   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 thereunto duly authorized.

Date: August 27, 2001



                                     ROCKY MOUNTAIN FINANCIAL ENTERPRISES, INC.


                             /s/Chris Meaux
                             ------------------------------------------
                             Chris Meaux, President and Chief Executive Officer