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


                                FORM 10-QSB


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

     For the quarterly period ended June 30, 1997

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

     For the transition period from _________________ to __________________

                                     
                       Commission File No. 0-24688


                          G/O INTERNATIONAL, INC.    
                          -----------------------
              (Name of Small Business Issuer in its Charter)


           COLORADO                                      76-0025986     
           --------                                      ---------- 
  (State or Other Jurisdiction of                (I.R.S. Employer I.D. No.)
    incorporation or organization)


                                11849 Wink
                           Houston, Texas  77024 
                           ---------------------   
                 (Address of Principal Executive Offices)

                Issuer's Telephone Number:  (713) 783-1204


Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.

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

             APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                PROCEEDINGS DURING THE PRECEDING FIVE YEARS

          Check whether the registrant filed all documents and reports
required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the
distribution of securities under a plan confirmed by court.

          Yes  X          No     
              ---            ---
                                     

                   APPLICABLE ONLY TO CORPORATE ISSUERS

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

                               August 6, 1997

                      Common Voting Stock - 6,035,372


                      PART I - FINANCIAL INFORMATION

Item 1.   Financial Statements.
          ---------------------

          The Financial Statements of the Registrant required to be filed with
this 10-QSB Quarterly Report were prepared by management and commence below,
together with related Notes.  In the opinion of management, the Financial
Statements fairly present the financial condition of the Registrant.




                          G/O INTERNATIONAL, INC.
                       (A Development Stage Company)

                     CONSOLIDATED FINANCIAL STATEMENTS

                    June 30, 1997 and December 31, 1996

<TABLE>
                          G/O INTERNATIONAL, INC.
                       (A Development Stage Company)
                        Consolidated Balance Sheets

<CAPTION>
                                  ASSETS

                                           June 30,         December 31,
                                           1997               1996       
                                        (Unaudited)  
<S>                                    <C>                   <C>
CURRENT ASSETS

  Cash                                 $     18,925           $  34,091
     
  Accounts receivable                        70,000                 -         
  Prepaid expenses                              -                   986  

     Total Current Assets                    88,925              35,077    

OTHER ASSETS

  Organization costs                          3,200               3,200     
  Horses                                      5,700              84,710    

    Total Other Assets                        8,900              87,910    

TOTAL ASSETS                            $    97,825        $    122,987   


              LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES

  Accounts payable                      $    12,125        $     16,134    
  Advances from stockholders                 39,742              34,385    

    Total Current Liabilities                51,867              50,519    

MINORITY INTEREST                            76,775              84,666    

STOCKHOLDERS' EQUITY (DEFICIT)

  Common stock, $0.01 par value, 20,000,000 
   shares authorized; 6,035,372 shares 
   issued and  outstanding                   60,354              60,354    
  Additional paid-in capital              2,315,228           2,315,228 
  Accumulated deficit prior to 
    development stage                    (2,330,609)         (2,330,609)
  Deficit accumulated during the 
    development stage                       (75,790)            (57,171)

    Total Stockholders' Equity (Deficit)    (30,817)            (12,198)

TOTAL LIABILITIES AND STOCKHOLDERS' 
 EQUITY (DEFICIT)                       $    97,825         $   122,987   
</TABLE>
<TABLE>
                             G/O INTERNATIONAL, INC.
                          (A Development Stage Company)
                      Consolidated Statements of Operations
                                   (Unaudited)

<CAPTION>
                                                                From           
                                                             Inception on   
                              For the          For the        January 1,       
                          Six Months Ended Three Months Ended   1991 to        
                              June 30,         June 30,         June 30,       
                          1997       1996   1997        1996      1997         
 <S>                  <C>        <C>       <C>        <C>       <C>
REVENUES

  Sales               $ 136,500  $ -       $  76,500  $ -       $ 136,500 
                      
  Cost of Sales          95,260    -          53,490    -          95,260 

  Gross Profit           41,240    -          23,010    -          41,240 

EXPENSES:

   General and 
      administrative     66,419   7,446       32,534   7,246       140,540
                      


     Total Expenses      66,419   7,446       32,534   7,246       140,540 

NET LOSS FROM OPERATIONS(25,179) (7,446)      (9,524) (7,246)      (99,300)

OTHER INCOME (EXPENSE)

  Interest income           -        21          -        21            38 
  Interest expense       (1,333)    -           (706)    -          (1,693)

     Total Other Income 
      (Expense)          (1,333)     21         (706)     21        (1,655)

MINORITY INTEREST         7,893     -          2,391     -          25,165 

NET LOSS              $ (18,619)$(7,425)   $  (7,839)$(7,225)    $ (75,790)

LOSS PER SHARE        $   (0.00)$ (0.00)   $   (0.00)$ (0.00)
</TABLE>
<TABLE>
                            G/O INTERNATIONAL, INC.
                         (A Development Stage Company)
           Consolidated Statements of Stockholders' Equity (Deficit)
<CAPTION>
                                                       Additional  
                                       Common Stock     Paid-in   Accumulated  
                                     Shares    Amount   Capital    Deficit     
<S>                               <C>         <C>      <C>        <C>
Balance, January 1, 1991
(inception of development stage)   323,866    $ 3,239  $2,321,443 $(2,330,609)

Net income (loss) for the year 
 ended December 31, 1991               -          -           -           (72)

Balance, December 31, 1991         323,866      3,239   2,321,443  (2,330,681)

Net income (loss) for the year
 ended December 31, 1992               -          -           -        (1,466)

Balance, December 31, 1992         323,866      3,239   2,321,443  (2,332,147)

Net income (loss) for the year
 ended December 31, 1993               -          -           -        (1,678)

Balance, December 31, 1993         323,866      3,239   2,321,443  (2,333,825)

Shares issued to directors in
 lieu of services rendered and
 offset of advances, 1,500,000
 shares at $0.01 per share on
 May 6, 1994                     1,500,000     15,000         -           -    
     
Issuance of shares for legal 
 services at $0.01 per share on
 July 26, 1994                     150,000      1,500         -           -    
 
Net income (loss) for the year 
 ended December 31, 1994               -          -           -       (24,350)

Balance, December 31, 1994       1,973,866     19,739   2,321,443  (2,358,175)

Shares returned back to the 
 Company and cancelled in 
 February 1995                     (18,494)     (185)         185         -    
 
Issuance of shares for cash,
 October 23, 1996 at $0.01 per 
 share                           2,000,000    20,000          -           -    
 
Shares issued to directors in lieu
 of services rendered, November
 1995 at $0.01 per share            30,000       300          -           -    
 
Net income (loss) for the year
 ended December 31, 1995               -         -            -        (4,095)

Balance, December 31, 1995       3,985,372    39,854    2,321,628  (2,362,270)

Issuance of 2,000,000,000 shares
 for cash, March 12, 1996 at 
 $0.01                           2,000,000    20,000          -           -    
     
Issuance of 50,000 shares for
 services on October 31, 1996
 at $0.01                           50,000       500          -           -    
 
Liquidating dividend                   -         -         (6,400)        -    
 
Net income (loss) for the year 
 ended December 31, 1996               -         -            -       (25,510)

Balance, December 31, 1996       6,035,372    60,354    2,315,228  (2,387,780)

Net income (loss) for the six 
 months ended June 30, 1997
 (unaudited)                           -         -            -       (18,619)

Balance, June 30, 1997 
 (unaudited)                     6,035,372  $ 60,354   $2,315,228 $(2,406,399)
</TABLE>
<TABLE>
                             G/O INTERNATIONAL, INC.
                          (A Development Stage Company)
                      Consolidated Statements of Cash Flows
                                  (Unaudited)
<CAPTION>
                                                                    From     
                                                                Inception on   
                               For the           For the         January 1,    
                          Six Months Ended  Three Months Ended     1991 to     
                               June 30,          June 30,          June 30,    
                          1997        1996   1997        1996        1997      
<S>                    <C>         <C>       <C>       <C>       <C>    
CASH FLOWS FROM
 OPERATING ACTIVITIES

NET LOSS               $ (18,619)  $ (7,425) $ (7,839) $ (7,225) $ (75,790)
  Reconciliation of net 
   loss to cash provided 
   (used) in operating 
   activities:
    Common stock issued 
    in lieu of services 
    rendered and offset 
    of advances              -          -         -         -       17,300     
    Minority interest     (7,893)       -      (2,391)      -      (25,165)
     (Increase) decrease in 
       prepaid expenses      986        -         -       5,500        -       
     Increase (decrease) in 
      accounts receivable(70,000)       -     (10,000)      -      (70,000)
     Increase (decrease) in 
      accounts payable    (4,007)        75   (11,119)      167      6,198 
     Increase (decrease) in 
      advances from  
      stockholders         5,357         92    (4,643)      -       39,742     

     Net Cash Provided 
      (Used) by Operating 
      Activities         (94,176)    (7,258)  (35,992)   (1,558)  (107,715)

CASH FLOWS FROM INVESTING
 ACTIVITIES

   Sale of horses         79,010        -      43,240       -       79,010 
   Purchase of investments   -          -         -         -       (3,200)
   Purchase of horses        -          -         -         -      (84,710)
                      
     Net Cash Provided 
      (Used) by Investing 
      Activities         $79,010   $    -    $ 43,240    $  -     $ (8,900)

CASH FLOWS FROM FINANCING
 ACTIVITIES

  Payment of dividend    $   -     $    -    $    -      $  -     $ (6,400)
  Cash from minority 
   shareholders              -          -         -         -      101,940 
  Cash from sales of stock   -          -         -         -       40,000     

     Net Cash Provided (Used) 
      from Financing 
      Activities             -          -         -         -      135,540
                      
NET CHANGE IN CASH       (15,166)    (7,258)    7,248    (1,558)    18,925 

CASH AT BEGINNING OF 
 PERIOD                   34,091     18,755    11,677    13,055        -      

CASH AT END OF PERIOD  $  18,925   $ 11,497  $ 18,925  $ 11,497  $  18,925 

CASH PAID FOR:

  Interest             $   1,333   $    -    $    706  $    -    $   1,333 
  Income taxes               -          -         -         -    $     -      

NON-CASH ITEMS

  Common stock issued 
   in lieu of services 
   rendered and offset 
   or advances         $     -     $    -    $    -    $    600  $  17,600 

  Common stock returned 
   and cancelled       $     -     $    -    $    -    $    185  $     185 
</TABLE>
                           G/O INTERNATIONAL, INC.
                        (A Development Stage Company)
            Notes to Unaudited Consolidated Financial Statements 


NOTE 1 - CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

        The accompanying consolidated financial statements have been prepared
by the Company without audit.  In the opinion of management, all adjustments
(which include only normal recurring adjustments) necessary to present fairly
the financial position, results of operations  and cash flows at June 30, 1997
and for all periods presented have been made.

        Certain information and footnote disclosures normally included in
consolidated financial statements prepared in accordance with general accepted
accounting principles have been condensed or omitted.  It is suggested that
these condensed consolidated financial statements be read in conjunction with
the financial statements and notes thereto included in the Company's December
31, 1996 audited consolidated financial statements.  The results of operations
for the periods ended June 30, 1997 and 1996 are not necessarily indicative of
the operating results for the full year.

NOTE 2 - STOCK ISSUANCE

        On July 17, 1996 the Company issued 2,000,000 shares of its common
stock at $.01 per share for a total of $20,000.

NOTE 3 - DISPOSAL OF SUBSIDIARIES

        On July 17, 1996, the Company distributed to its shareholders on a
prorata basis all of its shares in G/O International (Cayman), Inc.  On
September 17, 1996, the Company distributed to its shareholders on a prorata
basis all of its shares in Leather leather, Inc. (formerly G/O International
Group (USA), Inc.

          
Item 2.   Management's Discussion and Analysis or Plan of Operation.
          ----------------------------------------------------------

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

          All material operations of the Company during the quarterly period
ended June 30, 1997, were those of its 50.7%-owned subsidiary,
Waterbury Resources, Inc., a Cayman Islands corporation ("Waterbury").  The
Company intends to continue to seek out the acquisition of assets, property or
business that may be beneficial to the Company and its stockholders.

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

          The Company discontinued its operations on approximately December
15, 1989.  Through Waterbury, its 50.7%-owned subsidiary, the Company received
revenues of $76,500 during the quarterly period ended June 30, 1997.  Gross
profit from these sales was $23,010.  Due to general and administrative
expenses of $32,534, the Company had a net loss from operations of $9,524
during this period, as compared to a net loss from operations of $7,246 during
the quarterly period ended June 30, 1996.  Net losses during these periods
were $7,839 and $7,225, respectively.
 
                        PART II - OTHER INFORMATION

Item 1.   Legal Proceedings.
          ------------------

          None; not applicable.

Item 2.   Changes in Securities.
          ----------------------

          None; not applicable.

Item 3.   Defaults Upon Senior Securities.
          --------------------------------
 
          None; not applicable.

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

          None; not applicable.

Item 5.   Other Information.  
          ------------------

         None; not applicable.

Item 6.   Exhibits and Reports on Form 8-K.
          ---------------------------------
                                                     
          (a)  Exhibits.                           
               
               None. 

          (b)  Reports on Form 8-K.

               None.

 
                               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.

                                   G/O INTERNATIONAL, INC.


Date: 8/6/97                       By/s/ J. L. Burns  
      --------------                  -------------------
                                     Jack Burns, Director
                                     President and Treasurer