<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 September 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:

                               September 30, 1997

                    Common Voting Stock - 6,035,372 shares


                      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.

<PAGE>


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

                     CONSOLIDATED FINANCIAL STATEMENTS

                 September 30, 1997 and December 31, 1996



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


                                  ASSETS

                                          September 30,    December 31,     
                                              1997            1996            
                                          (Unaudited)  

CURRENT ASSETS

  Cash                                    $   27,808       $  34,091 
  Prepaid expenses                               -               986 

     Total Current Assets                     27,808          35,077 

OTHER ASSETS

  Organization costs                           3,200           3,200 
  Horses                                      25,700          84,710 

    Total Other Assets                        28,900          87,910 

TOTAL ASSETS                              $   56,708       $ 122,987 


              LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES

  Accounts payable                        $    5,000       $  16,134 
  Advances from stockholders                  14,385          34,385 

    Total Current Liabilities                 19,385          50,519 

MINORITY INTEREST                             73,404          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                         (81,054)        (57,171)

    Total Stockholders' Equity (Deficit)     (36,081)        (12,198)

TOTAL LIABILITIES AND STOCKHOLDERS' 
 EQUITY (DEFICIT)                         $   56,708       $ 122,987 

                             G/O INTERNATIONAL, INC.
                          (A Development Stage Company)
                      Consolidated Statements of Operations
                                   (Unaudited)


                                                                  From     
                                                               Inception on   
                             For the            For the         January 1,     
                       Nine Months Ended   Three Months Ended    1991 to       
                         September 30,        September 30,    September 30,
                        1997       1996      1997       1996      1997         
 
REVENUES

  Sales               $ 136,500  $ -       $  -       $ -       $ 136,500 
  Cost of Sales          95,260    -          -         -          95,260 
  Gross Profit           41,240    -          -         -          41,240 

EXPENSES:

   General and 
     administrative      74,646  12,819     8,227      5,373      148,767
                      
     Total Expenses      74,646  12,819     8,227      5,373      148,767 

NET LOSS FROM 
  OPERATIONS            (33,406)(12,819)   (8,227)    (5,373)    (107,527)

OTHER INCOME (EXPENSE)

  Interest income           -        21       -          -             38 
  Interest expense       (1,739)    -        (406)       -         (2,099)

     Total Other Income 
      (Expense)          (1,739)     21      (406)       -         (2,061)

MINORITY INTEREST        11,262     -       3,369        -         28,534 

NET LOSS              $ (23,883)$(12,798) $(5,264)  $ (5,373)   $ (81,054)

LOSS PER SHARE        $   (0.00)$  (0.00) $ (0.00)  $  (0.00)


                           G/O INTERNATIONAL, INC.
                         (A Development Stage Company)
           Consolidated Statements of Stockholders' Equity (Deficit)


                                                      Additional  
                                 Common Stock          Paid-in    Accumulated  
                                Shares    Amount       Capital      Deficit    
      

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          -     

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 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 nine
 months ended September 30, 1997
 (unaudited)                         -        -             -        (23,883)

Balance, September 30, 1997 
 (unaudited)                   6,035,372  $60,354   $ 2,315,228  $(2,411,663)


                             G/O INTERNATIONAL, INC.
                          (A Development Stage Company)
                      Consolidated Statements of Cash Flows
                                  (Unaudited)


                                                                     From     
                                                                  Inception on 
                                 For the          For the          January 1,  
                           Nine Months Ended  Three Months Ended    1991 to    
                             September 30,      September 30,    September 30,
                           1997        1996    1997        1996      1997      

CASH FLOWS FROM
 OPERATING ACTIVITIES

NET LOSS                  $ (23,883) $(12,798) $ (5,264) $ (5,373) $ (81,054)
  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       (11,264)       -     (3,371)      -      (28,536)
     (Increase) decrease in 
       prepaid expenses         986        -        -         -          -     
    
      Increase (decrease) in 
      accounts receivable       -          -     70,000       -          -     
    
    Increase (decrease) in 
     accounts payable       (11,132)       (93)  (7,125)     (168)      (927)
     Increase (decrease) in 
      advances from  
      stockholders          (20,000)   (12,708) (25,357)  (12,800)    14,385
                      
     Net Cash Provided (Used) by 
      Operating Activities  (65,293)   (25,599)  28,883   (18,341)   (78,832)

CASH FLOWS FROM INVESTING
 ACTIVITIES

   Sale of horses            79,010        -        -         -       79,010 
   Purchase of investments      -          -        -         -       (3,200)
   Purchase of horses       (20,000)       -    (20,000)      -     (104,710)
                      
     Net Cash Provided (Used) by 
      Investing Activities $ 59,010    $   -   $(20,000)   $  -    $ (28,900)

CASH FLOWS FROM FINANCING
 ACTIVITIES

  Payment of dividend      $    -      $   -   $    -      $  -    $  (6,400)
  Cash from minority 
   shareholders                 -          -        -         -      101,940 
  Cash from sales of stock      -       20,000      -      20,000     40,000   
 
     Net Cash Provided (Used) 
      from Financing Activities -       20,000      -      20,000    135,540
                      
NET CHANGE IN CASH           (6,283)    (5,599)   8,883     1,659     27,808 

CASH AT BEGINNING OF 
 PERIOD                      34,091     18,755   18,925    11,497        -     

CASH AT END OF PERIOD     $  27,808   $ 13,156 $ 27,808  $ 13,156  $  27,808 

CASH PAID FOR:

  Interest                $   1,739   $    -   $    406  $    -    $   1,739 
  Income taxes                  -          -        -         -    $     -     

NON-CASH ITEMS

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

  Common stock returned 
   and cancelled          $     -     $    -   $    -    $    -     $    185 

                           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 September 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 September 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, and September 17, 1996, the Company deposited with
an escrow agent all of its shares in G/O International (Cayman), Inc. and
Leather Leather, Inc. (formerly "G/O International Group USA), Inc."),
respectively.  These shares are to be distributed to the Company's
shareholders on a prorata basis upon compliance with applicable securities
laws, rules and regulations.
          
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 September 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.  Neither the Company nor Waterbury, its 50.7%-owned subsidiary,
received any revenues during the quarterly period ended September 30, 1997.  
Due to general and administrative expenses of $8,227, the Company had a net
loss from operations of $8,227 during this period, as compared to a net loss
from operations of $5,373 during the quarterly period ended September 30,
1996.  Net losses during these periods were $5,264 and $5,373, 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:  Oct. 31, 1997               By  /s/ J. L. Burns
      --------------                  -------------------
                                     Jack Burns, Director
                                     President and Treasurer