SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 10-Q

[X]  Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange
     Act of 1934 FOR THE QUARTERLY PERIOD ENDED August 31, 2000

                                       OR

     Transition  Report  Pursuant  to  Section  13 or  15(d)  of the  Securities
     Exchange Act of 1934 from the transition period from _________ to _________

                          Commission File Number 0-9987


                            GLOBUS GROWTH GROUP, INC.
             (Exact name of registrant as specified in its charter)



           New York                                              13-2949462
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)


   44 West 24th Street, New York, NY                                    10010
(Address of principal executive offices)                              (zip code)

                                 (212) 243-1000
              (Registrant's telephone number, including area code)



     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 such
filing requirements for the past 90 days. Yes _X_  No ___

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

     Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Section 12, 13 or 15(d) of the  Securities  Exchange Act
of 1934 subsequent to the distribution of securities under a plan confirmed by a
court. Yes ___  No ___


                      APPLICABLE ONLY TO CORPORATE ISSUERS:

     Indicate the number of shares  outstanding of each of the issuer's  classes
of common stock, as the latest  practicable date:  2,499,000  (including 151,743
held in treasury)



<PAGE>

PART I - FINANCIAL INFORMATION
Item 1.  Financial Statements

GLOBUS GROWTH GROUP, INC.

CONDENSED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                 August 31,    February 29,
                                                                    2000           2000
                                                                -----------    -----------
<S>                                                             <C>            <C>
ASSETS                                                          (Unaudited)    (See Note 1)

Cash                                                                 $3,000        $58,000
Investments in Securities (Note 3)                               $1,593,000     $1,863,000
Other Assets                                                        $10,000        $11,000
                                                                -----------    -----------
TOTAL                                                            $1,606,000     $1,932,000
                                                                -----------    -----------

LIABILITIES AND STOCKHOLDERS'  EQUITY

Liabilities
  Accounts payable and accrued expenses                          $1,213,000     $1,178,000
  Loans payable to officers/shareholders                           $287,000       $249,000
  Demand loan payable to related party                             $324,000       $320,000
                                                                -----------    -----------
Total Liabilities                                                $1,824,000     $1,747,000
                                                                -----------    -----------

Stockholders' equity (Note 2)
Preferred stock - $.10 par value, Authorized - 450,000 shares
  None Issued
Series B  convertible  preferred  stock - $.10  par  value
  Authorized  - 50,000 shares, None issued
Common stock - $.01 par value, Authorized - 4,500,000
  shares, Issued 2,499,000 shares at 8/31/00                        $25,000        $25,000
Additional paid in capital                                       $2,747,000     $2,747,000
Treasury Stock, 151,743 shares at 8/31/00                          ($41,000)      ($41,000)
Accumulated earnings (deficit)                                  ($2,949,000)   ($2,546,000)
                                                                -----------    -----------
Total stockholders' equity                                        ($218,000)      $185,000
                                                                -----------    -----------
TOTAL                                                            $1,606,000     $1,932,000
                                                                -----------    -----------
</TABLE>


(See Accompanying Notes to Financial Statements)


<PAGE>

GLOBUS GROWTH GROUP, INC.

STATEMENT OF OPERATIONS
      (Unaudited)

<TABLE>
<CAPTION>
                                                            Three Months                         Six Months
                                                          Ended August 31,                     Ended August 31,
                                                       2000              1999               2000               1999
                                                   -----------       -----------        -----------        -----------
<S>                                                  <C>               <C>                <C>                <C>
Gain (loss) on investments:
   Realized                                            $20,000           $40,000            $20,000            $40,000
   Unrealized                                         $124,000          ($48,000)         ($286,000)           $77,000
                                                   -----------       -----------        -----------        -----------
Total                                                 $144,000           ($8,000)         ($266,000)          $117,000
Dividend Income                                             $0            $2,000             $1,000             $3,000
Interest Income                                             $0                $0                 $0             $3,000
Consulting and other income                             $3,000            $4,000             $9,000             $7,000
                                                   -----------       -----------        -----------        -----------
TOTAL                                                 $147,000           ($2,000)         ($256,000)          $130,000

Expenses:
   General and administrative                          $69,000           $65,000           $136,000           $135,000
   Interest                                             $4,000            $6,000             $7,000            $10,000
                                                   -----------       -----------        -----------        -----------
TOTAL                                                  $73,000           $71,000           $143,000           $145,000

Income (loss) from operations before taxes             $74,000          ($73,000)         ($399,000)          ($15,000)
(Benefit)/Provision for taxes                               $0                $0                 $0                 $0
                                                   -----------       -----------        -----------        -----------
Net Income (Loss)                                      $74,000          ($73,000)         ($399,000)          ($15,000)
                                                   -----------       -----------        -----------        -----------

Net Income (Loss) per share of common
    stock - basic and diluted                            $0.03            ($0.03)            ($0.17)            ($0.01)
Weighted Average Number of shares of
    Stock Outstanding - basic and diluted            2,347,257         2,347,257          2,347,257          2,347,257
                                                   -----------       -----------        -----------        -----------
</TABLE>

(See Accompanying Notes to Financial Statements)


<PAGE>


GLOBUS GROWTH GROUP, INC.

STATEMENT OF CASH FLOWS
(Unaudited)

<TABLE>
<CAPTION>
                                                                                 Six Months
                                                                               Ended August 31,
                                                                              2000          1999
                                                                           ---------     ---------
<S>                                                                        <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net Income (loss)                                                        ($399,000)     ($15,000)
  Adjustments to reconcile net income (loss) to net cash provided
    by (used in) operating activities:
    Depreciation and amortization                                                 $0        $1,000
    Realized (gain) loss on investments                                     ($20,000)     ($40,000)
    Unrealized (gain) loss on investments                                   $286,000      ($77,000)
    Increase/(decrease) in accounts payable, accrued expenses and
     accrued interest on loans                                               $42,000       $42,000
    (Increase) decrease in prepaid assets                                    ($3,000)           $0
                                                                           ---------     ---------

    Net cash (used in ) operating activities                                ($94,000)     ($89,000)
                                                                           ---------     ---------
CASH FLOWS FROM INVESTING ACTIVITIES:

  Purchase of investments                                                   ($25,000)    ($200,000)
  Proceeds from sale of investments                                          $29,000      $127,000
                                                                           ---------     ---------

    Net cash provided by (used in ) investing activities                      $4,000      ($73,000)
                                                                           ---------     ---------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Repayment of loans payable to officers/shareholders                        ($5,000)      ($3,000)
  Increase (decrease) in loans payable to officers/shareholders              $40,000      $150,000
                                                                           ---------     ---------

    Net cash provided by (used in) financing activities                      $35,000      $147,000
                                                                           ---------     ---------

Net increase (decrease) in cash                                             ($55,000)     ($15,000)

Cash - beginning of period                                                   $58,000      $233,000

Cash - end of period                                                          $3,000      $218,000

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
  Cash paid during the year for:
    Interest                                                                      $0            $0
    Income Taxes                                                                  $0            $0
</TABLE>


(See Accompanying Notes to Financial Statements)



<PAGE>

GLOBUS GROWTH GROUP, INC.         Notes to Condensed Financial Statements
                                               (Unaudited)

                                                                 August 31, 2000

Note 1 - Basis of Condensed Information

     In the  opinion  of  the  Company,  the  accompanying  unaudited  condensed
     financial  statements  contain all  adjustments,  consisting of only normal
     recurring  accruals,  necessary to present fairly the financial position as
     of August 31, 2000,  the results of operations for the three and six months
     ended August 31, 2000 and 1999,  and  statements  of cash flows for the six
     months ended August 31, 2000 and 1999.

     The results of operations  for the six months ended August 31, 2000 are not
     necessarily indicative of the results to be expected for the full year.

     Certain  information and note  disclosures  normally  included in financial
     statements  prepared  in  accordance  with  generally  accepted  accounting
     principles  have been  condensed  or  omitted.  These  condensed  financial
     statements should be read in conjunction with the financial  statements and
     notes thereto  included in the  Company's  annual report filed on Form 10-K
     for the year ended February 29, 2000.

     The balance  sheet at February 29, 2000 has been derived from the Company's
     audited balance sheet included in its Annual Report on Form 10-K.

Note 2 - Earnings Per Share

     Per share data are based on the weighted  average  number of common  shares
     outstanding during the period.

Note 3 - Investments

     As of February  29, 2000 and August 31,  2000,  investments  are carried at
     fair value, which, for readily marketable  securities,  represents the last
     reported  sales price or bid price on the valuation  date.  Investments  in
     restricted  securities and securities which are not readily  marketable are
     carried at fair value as  determined  in good faith by  Management,  in the
     case of interim financial statements, and by the Board of Directors, in the
     case of year end financial statements; in each instance, in the exercise of
     their  respective  judgments,   after  taking  into  consideration  various
     indications of value available to them.

     (Continued on next page)

<PAGE>

Note 3 - (Continued)


<TABLE>
<CAPTION>
                                                             August 31,                              February 29,
                                                               2000                                      2000
                                                  No.                                       No.
                                                Shares         Value         Cost         Shares         Value         Cost
                                              ----------    ----------    ----------    ----------    ----------    ----------
<S>                                             <C>         <C>           <C>             <C>         <C>           <C>
Common Stock
Carta Proteomics, Inc. (1)                        33,333       $13,000       $13,000        33,333       $13,000       $13,000
Catamount Brewing Co.                             23,215            $0      $176,000        23,215            $0      $176,000
Interface Systems Inc.                               775       $13,000        $7,000           775       $25,000        $7,000
Kimeragen, Inc. Cl A                             108,827      $219,000      $219,000       108,827      $219,000      $219,000
Kimeragen, Inc. Cl B                              35,000       $75,000       $75,000        35,000       $75,000       $75,000
Repligen Corporation                              41,718      $318,000       $79,000        46,218      $601,000       $87,000
                                                            ----------    ----------                  ----------    ----------
Total Common Stock                                            $638,000      $569,000                    $933,000      $577,000
                                                            ----------    ----------                  ----------    ----------

Preferred Stock
Carta Proteomics, Inc. Series A Pfd (1)          100,000      $150,000      $150,000       100,000      $150,000      $150,000
Carta Proteomics, Inc. Series B Pfd (1)           10,000       $25,000       $25,000
Catamount Brewing Co. Pfd                          4,286            $0      $150,000         4,286            $0      $150,000
Genitope Corp. Series A Pfd                      420,858      $210,000      $210,000       420,858      $210,000      $210,000
Genitope Corp. Series B Pfd                      332,992      $420,000      $420,000       332,992      $420,000      $420,000
Kimeragen, Inc. Series A Pfd                      60,000      $150,000      $150,000        60,000      $150,000      $150,000
                                                            ----------    ----------                  ----------    ----------
Total Preferred Stock                                         $955,000    $1,105,000                    $930,000    $1,080,000
                                                            ----------    ----------                  ----------    ----------


Total Investments - Fair  value                             $1,593,000    $1,674,000                  $1,863,000    $1,657,000
                                                            ----------    ----------                  ----------    ----------
</TABLE>


(1)  On February 14, 2000 Thermaphore  Sciences,  Inc. changed its name to Carta
     Proteomics, Inc.


<PAGE>

Item 2. Management's  Discussion and Analysis of Financial Condition and Results
of Operations

Results of Operations

     Prior to fiscal 1987, the Company was engaged in the camera and photography
business.  On February 28, 1986,  the Company sold its operating  business to an
affiliated company and since that date the Company's principal activity has been
the making of investments in other companies.

     At August 31, 2000, the Company had total assets of $1,606,000  compared to
total assets of $1,932,000  at February 29, 2000.  Included in total assets were
investments  of  $1,593,000  at August 31, 2000 and  $1,863,000  at February 29,
2000.  Shareholders  equity was  ($218,000)  at August 31, 2000 and  $185,000 at
February 29, 2000. Loss on investments  amounted to ($266,000) for the six month
period ended  August 31, 2000,  compared to a gain of $117,000 for the six month
period  ended  August 31, 1999.  Included in such losses were  realized  gain of
$20,000 and unrealized  loss of ($286,000) for the six month period ended August
31, 2000 compared to realized gain of $40,000 and $77,000 of unrealized gain for
the six month  period  ended  August 31,  1999.  Operating  expenses,  including
interest  charges,  amounted  to  $143,000  for the 2000 six  month  period  and
$145,000 for the 1999 six month  period.  Income  (loss) from  operations,  both
before and after  provision for taxes,  was  ($399,000) for the six month period
ended  August 31, 2000  compared to  ($15,000)  for the six month  period  ended
August 31,  1999.  Net  earnings  (loss) per share was  ($0.17) for the 2000 six
month period  compared to ($0.01) for the comparable  1999 period.  The weighted
average  number of shares of Common Stock  outstanding at August 31, 2000 and at
August 31, 1999 is 2,347,257.

Liquidity, Capital Resources and Other Matters Affecting Financial Condition

     The near term  liquidity of the  Company,  as well as its near term capital
resources position, are presently dependent upon the continued  willingness,  as
to which  there can be no  assurance  whatsoever,  of the  members of the Globus
family who have made loans to the Company  not to demand  full or  substantially
full  repayment of such loans and to continue to make loans to the  Company,  if
necessary.  Thus, loans payable by the Company,  including accrued interest,  to
Mr. Stephen E. Globus (his  individual  account)  amounted to $214,000 at August
31, 2000, a decrease of $4,000 from $218,000 at February 29, 2000. This decrease
was due to a loan repayment to Stephen E. Globus of approximately $5,000, and an
increase in accrued interest of approximately  $1,000.  Loans payable to Messrs.
Stephen E. and Richard D. Globus (a separate joint account),  including  accrued
interest,  amounted to $73,000 at August 31,  2000,  an increase of $41,000 from
$32,000 at February 29, 2000.  This increase was due to an increase in principal
of $40,000,  and an increase in accrued interest of approximately  $1,000. As at
August 31, 2000,  loans payable to another member of the Globus family,  to wit:
Ms. Jane Globus  (the mother of Stephen E. and Richard D.  Globus),  amounted to
approximately  $324,000,  including  accrued  interest.  As at August 31,  2000,
unpaid  salary owing to Mr.  Stephen E. Globus was  $604,000,  and unpaid salary
owing to Mr.  Richard D. Globus was $573,000;  so that at such date the total of
monies owed to Messrs.  Stephen E. Globus, Richard D. Globus and Ms. Jane Globus
aggregated approximately $1,788,000.

     There  are in  fact  presently  no  known  events  that  can be  considered
reasonably  certain to occur which would materially  change favorably either the
short term or long term  liquidity  (i.e.,  ability of the  Company to  generate
adequate  amounts  of cash to meet its  needs  for  cash) or  capital  resources
position (i.e.,  source of funds) of the Company from that in which it presently
finds itself,  and, absent  continuation of the presently existing loans without
call for payment,  or  additional  loans,  from the Globus  family,  the present
liquidity and capital resources  position of the Company  necessarily  adversely
affects  the  financial  condition  of the  Company  and its ability to make new
investments.  In


<PAGE>


such  connection  it must be noted that:  the  profitability  of a BDC, like the
Company,  is largely  dependent  upon its ability to make  investments  and upon
increases in the value of its investments; and a BDC is also subject to a number
of risks which are not generally present in an operating company,  and which are
discussed  generally in Item 1 of the  Company's  10K Report for its fiscal year
ended  February 29, 2000 to which Item  reference  is hereby made.  Reference is
also  hereby  made to  Item 1 and  Item 7 of such  Report  and to the  Financial
Statements and notes thereto contained in such Report for information concerning
the Company's investments and its financial condition.

The Year 2000 Problem

     The fact that most existing and unmodified computer systems may not be able
to  distinguish  the year 2000 from the year 1900 has created  what is generally
known as the "Year 2000 Problem" (hereinafter "Y2K"). The full extent of the Y2K
problem  has not been  known,  and it is  generally  agreed  that if not  timely
corrected, it could adversely affect many businesses.

     The Company's own internal systems have not been materially affected by the
Y2K problem.  While there can be no assurance that: (a) the computer systems and
applications of the Company's  various  investees were in fact converted timely,
or, (b) that a failure to so correct by one or more material investees would not
have a material adverse effect on the Company's financial condition, the Company
is not aware of any adverse effects suffered by any of its investees.


Item 3. Quantitative and Qualitative Disclosures About Market Risk

     Not Applicable.




PART II - Other Information

Item 6. Exhibits and Reports on Form 8-K

     (a) Exhibit 27 - Financial Data Schedule

     (b) Reports on Form 8-K

         No  reports on  Form 8-K have been  filed during the  quarter for which
         this Report is filed.


<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: October 13, 2000

                                                   GLOBUS GROWTH GROUP, INC.
                                                   (Registrant)



                                                   /s/ Stephen E. Globus
                                                   -----------------------------
                                                   STEPHEN E. GLOBUS
                                                   Chairman of the Board,
                                                   (Principal Executive Officer)



                                                   /s/ Richard D. Globus
                                                   -----------------------------
                                                   RICHARD D. GLOBUS
                                                   President, Director