<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 March 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:

                               June 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.

<TABLE>

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

<CAPTION>
                              ASSETS

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

  Cash                             $   11,677              $   34,091  
  Accounts receivable                  60,000                     -         
  Prepaid expenses                        -                       986  

     Total Current Assets              71,677                  35,077    

OTHER ASSETS

  Organization costs                    3,200                   3,200     
  Horses                               48,940                  84,710    

    Total Other Assets                 52,140                  87,910    

TOTAL ASSETS                     $    123,817            $    122,987   


          LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES

  Accounts payable               $     23,246            $     16,134    
  Advances from stockholders           44,385                  34,385    

    Total Current Liabilities          67,631                  50,519    

MINORITY INTEREST                      79,164                  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                   (67,951)                (57,171)

    Total Stockholders' Equity 
    (Deficit)                         (22,978)                (12,198)

TOTAL LIABILITIES AND STOCKHOLDERS' 
 EQUITY (DEFICIT)                $    128,817            $    122,987
</TABLE>   
<TABLE>
                     G/O INTERNATIONAL, INC.
                  (A Development Stage Company)
              Consolidated Statements of Operations
                           (Unaudited)

<CAPTION>
                                                                               
                                                               From Inception  
                                                               On January 1,   
                              For the Three Months Ended         1991, to
                                        March 31,                 March 31,    
                                  1997            1996              1997       
               
<S>                           <C>               <C>             <C>
REVENUES

  Sales                         60,000              -              60,000      
  Cost of Sales                 41,770              -              41,770      
  Gross Profit                  18,230              -              18,230      
        

EXPENSES:

   General and administrative   33,885              200           108,006      
        
     Total Expenses             33,885              200           108,006      
        
NET LOSS FROM OPERATIONS       (15,655)           (200)          (89,776)

OTHER INCOME (EXPENSE)

  Interest income                   -               -                  38      
  Interest expense                 (627)            -               (987)

    Total Other Income (Expense)   (627)            -               (949)

MINORITY INTEREST                 5,502              -             22,774      
        
NET LOSS                     $  (10,780)       $    (200)       $ (67,951)

LOSS PER SHARE               $    (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     2,321,444 (2,358,175)

Shares returned back to the 
 Company and canceled in 
 February 1995                    (18,494)      (185)           185        -   
                         
Balance forward                  1,955,372  $ 19,554   $ 2,321,628$(2,358,175)

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 three
 months ended March 31, 1997
 (unaudited)                           -           -            -     (10,780)

Balance, March 31, 1997 
  (unaudited)                    6,035,372   $  60,354  $2,315,228$(2,398,560)
</TABLE>

<TABLE>
                     G/O INTERNATIONAL, INC.
                  (A Development Stage Company)
              Consolidated Statements of Cash Flows
                          (Unaudited)
<CAPTION>
                                                                               
                                                                    From       
                                                                Inception on   
                                                                 January 1,    
                                  For the Three Months Ended   1991 through    
                                         March 31,                March 31,    
                                    1997             1996             1997     
<S>                               <C>            <C>             <C>          
CASH FLOWS FROM
 OPERATING ACTIVITIES

NET LOSS                           $(10,780)     $   (200)       $ (67,951)
  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                   (5,502)         -            (22,774)
    
  (Increase) decrease in prepaid 
    expenses                              986      (5,500)              -      
  Increase (decrease) in accounts
    receivable                        (60,000)        -            (60,000)
    Increase (decrease) in accounts 
      payable                            7,112         (92)          17,317    
    Increase (decrease) in advances from 
      stockholders                      10,000          92           44,385    
         
     Net Cash Provided (Used) by 
      Operating Activities             (58,184)     (5,700)        (71,723)

CASH FLOWS FROM INVESTING
 ACTIVITIES

   Sale of horse                         35,770         -          35,770
   Purchase of investments                  -           -          (3,200)
   Purchase of horses                       -           -         (84,710)

     Net Cash Provided (Used) by 
      Investing Activities               35,770         -         (52,140)

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                       (22,414)    (5,700)        11,677     
        
CASH AT BEGINNING OF PERIOD               34,091     18,755            -       
           
CASH AT END OF PERIOD                  $  11,677   $ 13,055      $  11,677     
            


CASH PAID FOR:

  Interest                             $     627   $    -         $    627     
                
  Income taxes                               -          -              -       
           
NON-CASH ITEMS

  Common stock issued in lieu of
   services rendered and offset or 
   advances                            $     -     $    600       $ 17,600     
             
  Common stock returned and canceled  $     -     $    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 March 31, 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
     March 31, 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 all of its shares in Leather  
    Leather, Inc. (formerly G/O International Group (USA), Inc.) to Thomas     
  Pritchard, Esq., as escrow agent, who, according to the terms of a           
  Dividend Escrow Agreement entered into by the Company and Mr. Pritchard,     
  will in turn distribute such shares on a prorata basis upon the       
registration of such class of shares by G/O Group with the U.S.       
Securities and Exchange Commission either pursuant to the Securities Act       
of 1933, as amended, or pursuant to registration under Section 12(g) of       
the Securities Exchange Act of 1934, as amended.
          
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 March 31, 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 $60,000 during the quarterly period ended March 31, 1997, from the
sale of a horse.  Gross profit from these sales was $18,230.  Due to
general and administrative expenses of $33,885, the Company had a net loss
from operations of $15,655 during this period, as compared to a net loss from
operations of $200 during the quarterly period ended March 30, 1996.  Net
losses during these periods were $10,780 and $200, 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:  6-10-97                     By  J. L. Burns 
      --------------                  -------------------
                                     Jack Burns, Director
                                     President and Treasurer