SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                   FORM 10QSB


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


For Quarter Ended                                      Commission File Number
September 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 September 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. AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEET

<S>                                                                               <C>                             <C>

                                                     Assets
                                                                                     September 30, 2001            December 31, 2000
                                                                                  --------------------------      ------------------

                                                                                         (Unaudited)
Current assets:
       Cash                                                                                             $ -         $ -
       Accounts receivable                                                                                -           -
                                                                                  --------------------------
           Total current assets                                                                           -           -
                                                                                  --------------------------
Property, plant and equipment:
       Office and computer equipment                                                                774,064           774,064
           Less accumulated depreciation                                                           (212,505)         (172,055)
                                                                                  --------------------------       -----------------
                                                                                                    561,559           601,599
                                                                                  --------------------------       -----------------
Other assets:
       Deposits                                                                                           -           -
       Certificates of deposit - restricted                                                          80,000           167,078
       Other                                                                                              -           -
                                                                                  --------------------------       -----------------
           Total other assets                                                                        80,000           167,078
                                                                                  --------------------------       -----------------
                                                                                                  $ 641,559         $ 768,637
                                                                                  ==========================       =================

                                 Liabilities and Stockholders' Equity (Deficit)
Current liabilities:
       Accounts payable                                                                         $ 4,252,303        $4,157,834
       Accrued liabilities                                                                        1,735,796         1,082,608
       Notes payable                                                                              1,892,900         1,813,919
       Secured Convertible Debt                                                                   3,664,002         3,584,002
                                                                                  --------------------------       -----------------
           Total current liabilities                                                             11,545,001        10,638,363
                                                                                  --------------------------       -----------------
Stockholders' equity (deficit):
       Common stock - $.01 par; authorized 20,000,000 shares;
           19,871,328 and 16,751,621 shares issued and outstanding                               22,781,369        22,781,369
       Additional paid-in capital                                                                         -         -
       Accumulated deficit                                                                      (33,684,811)      (32,651,095)
       Accumulated other comprehensive income                                                             -         -
                                                                                  --------------------------       -----------------
           Total stockholders' equity (deficit)                                                 (10,903,442)       (9,869,726)
                                                                                  --------------------------       -----------------
           Total Liabilities and stockholders' equity (deficit)                                   $ 641,559         $ 768,637
See accompanying notes to consolidated financial statements.                      ==========================       =================

</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                          ROCKY MOUNTAIN FINANCIAL ENTERPRISES, INC.
                                             CONSOLIDATED STATEMENT OF OPERATIONS



<S>                                   <C>                          <C>                     <C>                          <C>

                                     Nine Months Ended             Nine Months Ended     Three Months Ended       Three Months Ended
                                     September 30, 2001            September 30, 2000    September 30, 2001       September 30, 2000
                                     ------------------            ------------------    -------------------      ------------------
                                     (Unaudited)

Revenue                                   $ 13,115                     $ 859,423           $          -                   $ 185,249
                                         ------------               ------------             -----------                ------------

Operating expenses:
       Sales and marketing                       -                     1,908,138                      -                   $ 286,799
       Research and development                  -                     1,793,639                      -                   $ 330,854
       General and administrative          515,231                     4,971,511                      -                 $ 1,467,264
       Depreciation and Amortization        40,000                     2,831,810                 40,000                 $ 2,307,485
       Underwriting Fees                                                 109,452                      -                   $ 109,452
                                         ------------               ------------             -----------                ------------
            Total expenses                 555,231                    11,614,551                 40,000                 $ 4,501,855
                                         ------------               ------------             -----------                ------------
            Loss from operations          (542,116)                  (10,755,128)                40,000                 $(4,316,606)
Other income (expense):
       Other income                              -                         9,139                      -                 $ -
       Accrued Interest expense           (493,600)                     (894,969)               (93,600)                $  (899,982)
                                         ------------               ------------             -----------                ------------

            Net loss                  $ (1,035,716)                $ (11,640,958)              (133,600)                $(5,216,588)
                                         ============               ============             ===========                ============

Basic net loss per share                   $ (0.05)                      $ (0.59)                $(0.01)                    $ (0.26)
                                         ============               ============             ===========                ============

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


</TABLE>
See accompanying notes to consolidated financial statements.


<PAGE>
<TABLE>
<CAPTION>


                   ROCKY MOUNTAIN FINANCIAL ENTERPRISES, INC.
                      CONSOLIDATED STATEMENT OF CASH FLOWS

<S>                                                                            <C>                         <C>


                                                                                  Nine Months Ended            Nine Months Ended
                                                                                 September 30, 2001            September 30, 2000
                                                                               ------------------------    -------------------------
                                                                                     (Unaudited)
Cash flows from operating activities:
      Net loss                                                                            $ (1,035,716)               $ (11,640,958)
          Adjustments to reconcile net loss to
             net cash used in operating activities:
               Depreciation                                                                     40,000                      173,113
               Issuance of stock for services                                                                                     -
               Changes in operating assets and liabilities:
                    Accounts receivable                                                              -                     (110,092)
                    Other assets                                                                     -                            -
                    Accounts payable and accrued liabilities                                   654,057                   (1,147,170)
                                                                               ------------------------    -------------------------
                    Net cash used in operating activities                                     (341,659)                 (12,725,106)
                                                                               ------------------------    -------------------------

Cash flows from investing activities:
      Purchase of certificates of deposit                                                      167,078                            -
      Purchase of property and equipment                                                             -                            -
      Acquisition of Software                                                                  (80,000)                           -
                                                                               ------------------------    -------------------------
                    Net cash used in investing activities                                       87,078                            -
                                                                               ------------------------    -------------------------

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                                                            -                   (3,227,377)

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

Cash and cash equivalents, end of period                                                           $ -                 $ (3,142,553)
                                                                               ========================    =========================

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

</TABLE>

See accompanying notes to consolidated financial statements.

<PAGE>

                   ROCKY MOUNTAIN FINANCIAL ENTERPRISES, INC.
                          (A Development Stage Company)
                          Notes To Financial Statements
                                  September 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 September
30, 2001, and the results of operations, and cash flows for the six months ended
September 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.


<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  $40,000 in expenses for the three month period in 2001
and  $4,501,855 in 2000.  The Company had no revenues for the period in 2001 and
$185,249 in revenue in the period in 2000. The Company  recorded  losses for the
period in 2001 of $(133,600) and $(5,216,588)  incuding  interest accrual in the
same period in 2000. The Company will continue to experience losses until income
can be achieved through business operations.  While the Company may seek capital
sources for investment;  there is no assurance that such can be found.  Loss per
share for the period was ($.01) in 2001 and ($.26) in 2000.

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

The company had $13,115 in revenue in the nine months ended  September  30, 2001
compared  to  $$859,423  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 nine month in 2001 and accrued  interest of $493,600
on its debt for a net loss of ($1,035,716)for  the period compared to a net loss
of  ($11,640,958)  in the nine month period in 2000.  The net loss per share was
($.05)in the nine month period in 2001  compared to ($.59) 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

                  None

<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: December 5, 2001



                                     ROCKY MOUNTAIN FINANCIAL ENTERPRISES, INC.


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